Economic Terms in Banking PDF for SBI CLERK PO Bank Exams 2014

download (2)Welcome to edugeeks.in. Economic Terms in Banking PDF for SBI CLERK PO Bank Exams 2014. Economic terms plays a vital role in all banking examinations main aim of providing all economic terms in one place is to help for the banking aspirates who are going to give banking examinations this year. As per latest banking news SBI going to recruit candidates as clerks and POs hence Banking Economic Terms for SBI clerk PO is must, you are recommended to follow all materials providing in our site for SBI clerk 2014 examination to enhance your chances of cracking examination. Online SBI examination will contain 4 sections in which one is general awareness loaded with current affairs and banking awareness, priority of questions can be expected from this Economic terms related to banking as you are expected to possess basic Banking Economic Terms for SBI clerk PO follow our site to be a part of your dream organization.

Click here for Latest Current Affairs 2014 

Some Basic Economic Terms

Interest Rate Swaps:  An interest rate swap is the transfer of contractually agreed between two counterparties of their respective interest rate obligation. Interest rate swaps are commonly used as a means of converting fixed rate to floating rate debt and vice versa.

 Operating Ratio: A ratio that shows the efficiency of a company’s management by comparing operating expense to net sales. Calculated as

Operation ratio = Operating expense/net sales

Wholesale Price Index (WPI): WPI is taken into consideration while calculating the inflation. A change has recently been made in the WPI. Its present base year will be taken as 2004-05 earlier it was 1993-34. Base year mean (2004-05 = 100). Total articles taken into consideration will be 676 earlier these were 435.676 include 102 Primary Articles, 19 fuel & power, and 555 of Manufacturing Products. Earlier WPI was calculated on Weekly basis but now it is calculated on Monthly Basis. First time inflation was calculated in August 2010 (on new system).

Consumer Price Index (CPI) : Most advanced nations base their policies on retail price inflation but India uses wholesale price inflation, CPI is largely a segmental and is superior to the WPI, CPI capture consumption price both at urban and rural centers, as in WPI 676 items are covered and base year is taken as – 2004-05 and for macroeconomic policies. Whereas in CPI 320 items are taken from (CPI-IW) CPI industrial workers and 260 items are taken from both CPR rural laborers and CPI agricultural laborers and the base year for calculation is taken as 2010.

Coupon Rate: Specified interest rate on a fixed maturity security fixed at the time of issue. The coupon rate of a bond is the amount of interest paid per year as a percentage of the face value or principal.

NRO (Non Resident Ordinary a/c) : In this account , a person cannot repatriate income without RBI approval but can remit Interest thereof.

NRNR (Non Resident Non Repatriable A/c ) : Under this account Principal amount in not permissible to repartriate but interest can be.

NRE (Non Resident External) : In this account Funds and interest both can be remitted without RBI permission. On NRE deposits the maximum ceiling is Libor rate + 175 basis points (Now there is no such Ceiling).

NPA (Non Performing Assets) : Interest or Installment of Principal remains overdue for a period of more than 90 days in respect of a Term Loan/ overdraft/ Cash credit.

Teaser Rate of Interest : This rate is typical low then the prevalent rate in the market. This is just to allure the customer. This rate is charged only for a little time. And after that it gradually touch the index rate or even more than that. This is a technique to attract customers.

Appropriation Bill : It is presented to parliament for its approval, so that the government can withdraw from the Consolidated fund the amounts required for meeting the expenditure charged on the Consolidated Fund. No amount can be withdrawn from the Consolidated Fund till the Appropriation Bill is voted is enacted.

Call Money: Itner Bank call market is a part of the domestic money market from where banks borrowed and lent for one day called as Money at call and for a period more than 1day & upto 14days is called Short notice or Notice money without any collateral security. Money lend for 15days or more is called Term money.Normally funds are borrowed for 1 day and upto 3 days on weekends just to balance the Cash Reserve Ratio.

Nostro Account: When national bank is opened in foreign with currency is known as Nostro a/c. e.g. State bank india branch in USA.

CIBIL {Credit Information Bureau (India) Limited} :  An effective mechanism for exchange of information between banks and Financial Institutions for curbing the growth of NPAs.

Currency War: This is the other form of Protectionism. In this the tendency of every nation is that the value of their currency should not appreciate. The big example of this is CHINA that is holding their currency since 2008. It could be a cause of future Trade war.

Capital Budget: It consists of capital receipts and payments. It also incorporates transactions in the Public Account. It has two components  Capital Receipts and Capital Expenditure.


About Akshara

Akshara
Hii Geeks!! Welcome to edugeeks, and I'm Akshara behind this site. I started blogging as passion and now its my full time job. Here at edugeeks i write some useful materials for competitive exams.

39 comments

  1. Hello! I could have sworn I’ve been to this blog before but after reading through some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be bookmarking and checking back often!

  2. Just wish to say your article is as amazing. The clearness in your post is simply great and that i can think you’re knowledgeable on this subject. Fine along with your permission let me to seize your feed to stay updated with approaching post. Thank you 1,000,000 and please keep up the rewarding work.

  3. What do they do when it’s time to choose a best man. Again, more
    traditional pictures can be used such as a dancing bride and groom or champagne glasses.

    A long time and the guests will likely be bored; as well small and it may appear flippant or maybe
    as if the speaker only could not be bothered in any way.

  4. My brother suggested I might like this website. He was totally right. This post actually made my day. You can not imagine just how much time I had spent for this info! Thanks!

  5. I have been surfing on-line greater than three hours today, but I never found any interesting article like yours. It’s pretty worth sufficient for me. In my opinion, if all site owners and bloggers made excellent content material as you probably did, the internet can be a lot more helpful than ever before.

  6. This design is spectacular! You obviously know how to keep a reader entertained. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Wonderful job. I really loved what you had to say, and more than that, how you presented it. Too cool!

  7. Hi, i read your blog occasionally and i own a similar one and i was just wondering if you get a lot of spam comments? If so how do you reduce it, any plugin or anything you can suggest? I get so much lately it’s driving me mad so any assistance is very much appreciated.

  8. An interesting discussion is worth comment. I feel that you simply should write extra on this topic, it may possibly not be a taboo topic but generally individuals are not sufficient to speak on such topics. Towards the next. Cheers

  9. I’d need to examine with you here. Which is not one thing I normally do! I take pleasure in studying a publish that will make people think. Additionally, thanks for allowing me to comment!

  10. I do not know if it’s just me or if perhaps everyone else experiencing issues with your blog. It appears as if some of the written text on your posts are running off the screen. Can somebody else please comment and let me know if this is happening to them too? This may be a issue with my internet browser because I’ve had this happen previously. Thanks

  11. Pretty nice post. I just stumbled upon your blog and wanted to say that I’ve really enjoyed browsing your blog posts. In any case I will be subscribing to your rss feed and I hope you write again soon!

  12. Someone essentially help to make seriously posts I would state. This is the first time I frequented your website page and thus far? I amazed with the research you made to make this particular publish amazing. Great job!

  13. You actually make it seem really easy along with your presentation however I in finding this topic to be really one thing which I feel I would never understand. It sort of feels too complex and extremely huge for me. I’m looking ahead on your subsequent put up, I will attempt to get the grasp of it!

  14. WONDERFUL Post.thanks for share..extra wait .. …

  15. Fantastic blog! Do you have any tips for aspiring writers? I’m planning to start my own blog soon but I’m a little lost on everything. Would you recommend starting with a free platform like WordPress or go for a paid option? There are so many options out there that I’m completely confused .. Any tips? Thanks a lot!

  16. An intriguing discussion is worth comment. I believe that you simply really should write far more on this topic, it could possibly not be a taboo topic but generally people today are not sufficient to speak on such topics. Towards the next. Cheers

  17. You could definitely see your enthusiasm in the work you write. The world hopes for more passionate writers like you who aren’t afraid to say how they believe. Always go after your heart.

  18. F*ckin’ amazing things here. I am very glad to see your post. Thanks a lot and i’m looking forward to contact you. Will you kindly drop me a mail?

  19. Aw, this was a actually nice post. In thought I’d like to put in writing like this in addition – taking time and actual effort to make a very very good article… but what can I say… I procrastinate alot and by no means seem to get something performed.

  20. Valuable information. Lucky me I found your website by accident, and I am shocked why this accident didn’t happened earlier! I bookmarked it.

  21. Enjoyed every bit of your blog. Cool.

  22. I love your blog.. very nice colors & theme. Did you design this website yourself or did you hire someone to do it for you? Plz respond as I’m looking to create my own blog and would like to find out where u got this from. thank you

  23. My developer is trying to persuade me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using Movable-type on several websites for about a year and am anxious about switching to another platform. I have heard good things about blogengine.net. Is there a way I can transfer all my wordpress content into it? Any help would be greatly appreciated!

  24. I’m impressed, I must say. Really rarely do I encounter a blog that’s each educative and entertaining, and let me tell you, you will have hit the nail on the head. Your idea is excellent; the problem is one thing that not sufficient people are speaking intelligently about. I am very pleased that I stumbled across this in my search for something referring to this.

  25. Wow, wonderful blog layout! How long have you been blogging for? you make blogging look easy. The overall look of your website is great, as well as the content!

  26. Valuable info. Lucky me I found your web site accidentally, and I am surprised why this coincidence didn’t took place in advance! I bookmarked it.

  27. Thank you for any other magnificent post. Where else may just anybody get that kind of information in such a perfect method of writing? I have a presentation subsequent week, and I’m at the search for such info.

  28. kc4VRI Say, you got a nice post. Really Cool.

  29. Thanks a lot for the article.Really looking forward to read more. Much obliged.

  30. 581567 647912A person essentially help to make seriously articles I would state. This is the first time I frequented your website page and thus far? I surprised with the research you made to make this particular publish incredible. Fantastic job! 875997

  31. Hello there, I found your blog via Google while looking for a related topic, your web site came up, it looks great. I’ve bookmarked it in my google bookmarks.

  32. Enjoyed every bit of your blog post. Fantastic.

  33. My spouse and I absolutely love your blog and find almost all of your post’s to be precisely what I’m looking
    for. Would you offer guest writers to write content to suit your
    needs? I wouldn’t mind producing a post or elaborating
    on some of the subjects you write regarding here.
    Again, awesome blog!

  34. I have read a few good stuff here. Certainly worth bookmarking for revisiting. I wonder how much effort you put to make such a magnificent informative web site.

  35. Hey, you used to write excellent, but the last few posts have been kinda boring… I miss your tremendous writings. Past few posts are just a little out of track! come on!

  36. Enjoyed every bit of your article post.Really looking forward to read more. Keep writing.

  37. It’s a shame you don’t have a donate button! I’d most certainly donate to this superb blog!

    I guess for now i’ll settle for book-marking and adding your RSS feed to my
    Google account. I look forward to brand new updates and will share this
    website with my Facebook group. Chat soon!

  1. Pingback: URL

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Scroll To Top