Friday, 30 September 2016

IBPS General Awareness and Current Affairs 2016- Special Capsule for PO/Clerk Exam Part-1

Dear Readers. Good news for our readers that from today we are posting IBPS General Awareness and Current Affairs 2016- Special Capsule for PO/Clerk Exam as Part-1 for your upcoming bank exams like IBPS PO, IBPS Clerk, SBI PO 7 Clerk etc. This series of capsule is related to Current Affais and Banking Awareness and General Awareness mixed study notes point for your revsion as best to best IBPS Bank exam Preparation. You also must read and check our General Knowledge for bank exams section.

Capsule 1. India’s largest private sector lender ICICI Bank has launched ‘Smart Vault’ first of its kind fully automated digital locker facility in India. It was launched by Managing Director (MD) and CEO of ICICI Bank, Chanda Kochhar in New Delhi.

Capsule 2. “Buddy” is a mobile app which aims at providing convenient and secure digital payment system to its customers, launched by State Bank of India (SBI) a Mobile wallet application dubbed as ‘SBI Buddy’.

Capsule 3. Axis Bank has launched the first Contactless Debit, Credit and Multi-Currency Forex Card in association with VISA payWave in the country.

Capsule 4. Union Government has launched a seven pronged plan called Indradhanush Mission to revamp functioning of public sector banks (PSBs). It was launched by Union Finance Minister Arun Jaitley in New Delhi.

Capsule 5. Treasury bills are available for a minimum amount of Rs.25,000 and in multiples of Rs. 25,000. At present, the Government of India issues three types of treasury bills through auctions, namely, 91-day, 182-day and 364-day.

Capsule 6. Economic news published in daily news papers and we see this term 'CRAR' stand for - CRAR is the acronym for capital to risk weighted assets ratio, a standard metric to measure balance sheet strength of banks.

Capsule 7. Marginal Standing Facility (MSF) is a new scheme announced by the Reserve Bank of India (RBI) in its Monetary Policy and refers to the penal rate at which banks can borrow money from the central bank over and above what is available to them through the LAF window.

Capsule 8. The availability of cash and other cash-like marketable instruments that are useful in purchases and investments are commonly known as Liquidity.

Capsule 9. The Government of India has accepted the recommendation of the 14th Finance Commission which was headed by Dr. Y.V. Reddy. The share of states in the centre's tax revenue is increased from 32% to 42%.

Capsule 10. Reliance partnered with SBI (State Bank of India) for Payment Bank Licence. RIL will be the promoter and SBI will be the joint venture partner with equity investment of up to 30%.

Capsule 11. There is no limit – either minimum or maximum – on the amount of funds that could be transferred using NEFT. However, maximum amount per transaction is limited to Rs.50,000/- for cash-based remittances within India and also for remittances to Nepal under the Indo-Nepal Remittance Facility Scheme.

Capsule 12. As per extant instructions, the maximum value that can be stored in any prepaid card (issued by banks and authorised non-bank entities) at any point of time is Rs 50,000/-

Capsule 13. The committee will be headed by RBI executive director Deepak Mohanty. It will review the existing policy of financial inclusion, including customer protection framework and supportive payment system.

Capsule 14. ‘Call Money’ is the borrowing or lending of funds for 1day. Where money is borrowed or lend for period between 2 days and 14 days it is known as ‘Notice Money’. And ‘Term Money’ refers to borrowing/lending of funds for period exceeding 14 days.

Capsule 15. Treasury bills or T-bills, which are money market instruments, issued by the Government of India and are presently issued in three tenors, namely, 91 day, 182 day and 364 day. Treasury bills are zero coupon securities and pay no interest.

Thank U.
hi, Soon part 2 will be released by our team.

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