Most Commonly Used Banking Terms.
Most Commonly Used Banking Terms.
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- Bank Rate : It is the rate of interest charged by a central bank to commercial banks on the advances and the loans it extends.
- Bouncing of a cheque : When an account has insufficient funds the cheque is not payable and is returned by the bank for a reason "Exceeds arrangement" or "funds insufficient".
- CRR (Cash Reverse Ratio) : The amount of funds that a bank keep with the RBI. If the percentage of CRR increases then the amount with the bank comes down.
- Cheque : It is written by an individual to transfer amount between two accounts of the same bank or a different bank and the money is withdrawn from the account.
- Core Banking Solutions (CBS) : In this, all the branches of the bank are connected together and the customer can access his/her funds or transactions from any other branch.
- Debit Card : This is a card issued by the bank so the customers can withdraw their money from their account electronically.
- Demat Account : The way in which a bank keeps money in a deposit account in the same way the Depository company converts share certificates into electronic form and keep them in a Demat account.
- E-Banking : It is a type of banking in which we can conduct financial transactions electronically. RTGS, Credit cards, Debit cards etc come under this category.
- EFT (Electronic Fund Transfer) : In this, we use Automatic teller machine, wire transfer and computers to move funds between different accounts in the different or same bank.
- Fiscal Deficit : It is the amount of Funds borrowed by the government to meet the expenditures.
- Initial Public Offering (IPO) : It is the time when a company makes the first offering of the shares to the public.
- Leverage Ratio : It is a financial ratio which gives us an idea or a measure of a company’s ability to meet its financial losses.
- Liquidity : It is the ability to convert an investment quickly into cash with no loss in value.
- Market Capitalization : The product of the share price and a number of the company’s outstanding ordinary shares.
- Mortgage : It is a kind of security which one offers for taking an advance or loan from someone.
- Mutual Fund : These are investment schemes. It pools money from various investors in order to purchase securities.
- Pass Book : It is a book where all the bank transactions are recorded.They are mainly issued to Current or Savings Bank account holders.
- Repo Rate : Commercial banks borrow funds from the RBI if there is any shortage in the form of rupees. If this rate increases it becomes expensive to borrow money from RBI and vice versa.
- SLR (Statutory Liquidity Ratio) : It is the amount that a commercial bank should have before giving credits to its customers which should be either in the form of gold, money or bonds.
- Savings Bank Account : This is an account of nominal interest which can only be used for personal purpose and which has some restrictions on withdrawal.
- Teller : He/she is a staff member of the bank who cashes cheques, accepts deposits and perform different banking services for the general mass.
- Universal Banking : When financial institutions and banks undertake activities related to banking like investment, issue of debit and credit card etc then it is known as universal banking.
- Virtual Banking : Internet banking is sometimes known as virtual banking. It is called so because it has no bricks and boundaries. It is controlled by the world wide web.
- Wholesale Banking : It is similar to retail banking with a slight difference that it mainly focuses on the financial needs of the institutional clients and the industry.
- Zero Coupon Bond : It is a bond that is sold at a good discount as it has no coupon.
Below table contains Important Years In Kerala History in chronological order. .
Important Years In Kerala History .
BC 232 - Spread of Buddhism in Kerala .
AD 45 - Hippalus arrived in Kerala .
AD 52 - ST Thomas arrived in Kerala .
AD 68 - Jews arrived in Kerala .
AD 644 - Arrived of malik dinar in Kerala .
AD 788 - Birth of Sankaracharya .
AD 820 - Death of Sankaracharya .
AD 825 - Kollam Era started .
AD 829 - First Mamankam in Kerala .
AD 1000 - Jewish copper plate .
AD 1341 - Flood in Periyar .
AD 1498 - Arrival of Vasco da Gama .
AD 1500 - Cabral arrived in Kerala .
AD 1503 - Construction of fort manual .
AD 1524 - 3rd Visit of Vasco da Gama in Kerala. Death of Vasco da Gama .
AD 1531 - Construction of Chaliyam fort .
AD 1555 - Construction of Dutch palace...
Profit and loss is the one of major question section in Competitive exams. These formulas will be helpful for your upcoming Exams like PSC, SSC, IBPS and Other Competitive Exams. .
Cost Price(CP) : The Price at which a particular item purchased, is called its Cost Price.
Selling Price (SP): The price at which a particular item is sold, called its Selling Price.
Profit: If Selling Price of an item is more than Cost Price , then vendor is said to have a Profit.
Loss: if Selling Price of an item is less than Cost Price, the vendor said to have a Loss.
Formulas Profit = SP – CP.
Profit % = Profit/(CP)×100.
SP = ((100+Profit% )/100)×CP.
CP = (100/(100+Profit%))×SP.
Loss = CP – SP.
Loss% = Loss/(CP)×100.
SP = ((100-loss%)/100)×CP.
CP = (100/(100-loss%))×SP.
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അടല് പെന്ഷന് യോജന - 60 വയസ്സ് പൂര്ത്തിയായ വരിക്കാര്ക്ക് നിശ്ചിത തുക പ്രതിമാസം പെന്ഷന് അനുവദിക്കുന്നതിന് വിഭാവനം ചെയ്ത പദ്ധതി.
ആശ്വാസ കിരണം പദ്ധതി - മാനസികവും ശാരീരികവുമായ പ്രയാസങ്ങള് നേരിടുന്നതുമൂലം ശയ്യാവലംബരായ രോഗികളെ പരിചരിക്കുന്നതു മൂലം പുറം ജോലികള്ക്ക് പോകാന് നിവൃത്തിയില്ലാതെ വരുന്ന പരിചാരകര്ക്ക് ധനസഹായം നല്കിവരുന്ന പദ്ധതി.
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