-->

Saturday, 1 October 2016

IBPS General Awareness and Current Affairs 2016- Special Capsule for PO/Clerk Exam Part-2

Free Downlod Current Affairs Latest Capsule 2017 PDF

Month Wise PDF File

(Today -GA PDF NEW) Download Here

Click Here >> to Download all in one PDF here

Dear Readers. Good news for our readers that today we are again posting IBPS General Awareness and Current Affairs 2016- Special Capsule for PO/Clerk Exam as Part-2 (Read 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 first International Financial Services Centre set up in Gujarat International Finance Tec-City (GIFT).

Capsule 2. The Public Provident Fund is savings-cum-tax-saving instrument in India, introduced by the National Savings Institute of the Ministry of Finance in 1968. What is the minimum amount to be invested in PPF account? - The minimum investment of Rs. 500 and the maximum amount is Rs. 1.5 lakh per annum. RATE OF INTEREST - 8.70%.

Capsule 3. According to the guidelines released by RBI, Payments banks can open small savings accounts and accept deposits of up to Rs.1 lakh per individual customer.

Capsule 4. ICICI Bank has launched ‘ICICI Bank Saral-Rural Housing Loan’ Scheme for weaker sections of society. Housing loan will be provided at the ICICI Bank Base Rate (known as I-Base).

Capsule 5. Minimum capital requirement for New Banks in the Private Sector is Rs. 500 crore.

Capsule 6. Many times we read a term in the news ‘ECB’ in financial newspapers. What is the full form of ECB? An external commercial borrowing (ECB) is an instrument used in India to facilitate the access to foreign money by Indian corporations and PSUs (public sector undertakings).

Capsule 7. HDFC Bank Ltd. launched 'Dhanchayat' an educational film to raise awareness on the dangers of borrowing money from unorganised sources. This film has been launched under the aegis of Swachch Banking, the Bank's CSR initiative for rural India.

Capsule 8. Private insurer SBI Life Insurance launched Smart Humsafar, a unique plan which offers multiple benefits of savings and insurance cover for husband and wife under a single policy.

Capsule 9. The Atal Pension Yojana (APY) is open to all Indians between the age of 18 and 40. Under the scheme, the minimum monthly pension for the subscribers ranging between Rs 1000 and Rs 5000 per month.

Capsule 10. Rs. 1000 is the minimum and Rs. 1.5 lakh is the maximum amount to be invested under Sukanya Samriddhi Scheme.

Capsule 11. Under Pradhan Mantri Jan-Dhan Yojana (PMJDY), the accidental insurance cover of Rs. 1 lakh will be provided to all the beneficiaries. Life insurance cover of Rs.30,000.

Capsule 12. RBI has issued the KYC guidelines under Section 35 (A) of the Banking Regulation Act, 1949 and contravention of the same will attract the penalties under the relevant provisions of the act.


Capsule 13. Bank rate is the rate of interest implemented by RBI when it lends money to a public sector bank on a long term basis, i.e. from a period ranging from 90 days to 1 year.

Note: Repo Rate is the rate at which RBI lends money to commercial banks in the event of any shortfall of funds. It is the rate of interest which RBI implements on the short term loans, i.e., from a period ranging between 2 days to 3 months (90 Days).

Capsule 14. Purchasing power parity (PPP) is a component of some economic theories and is a technique used to determine the relative value of different currencies.

Capsule 15. Minimum amount of transfer required for RTGS (Real Time Gross Settlement) is Rs. 2 lakh. There is no upper limit, though. The beneficiary bank has to credit the beneficiary's account within two hours of receiving the funds transfer message.

Similar Series :



Thank U.
hi, Soon part 3 will be released by our team.
Share:

0 comments:

Post a Comment

Advertisement

SBI New Rules for FD