IBPS CWE CLERK UPDATES:: BANKING TERMS FOR EXAMS

               BANKING TERMS
                            
IBPS CWE CLERK UPDATES:: BANKING TERMS FOR EXAMS
IBPS CWE CLERK UPDATES:: BANKING TERMS FOR EXAMS
WHAT IS CORPORATE GOVERNANCE?

         Answer: the way in which a company is governed and how it deals with the various interests of its customers, shareholdersemployees and society at large.is defined as the general set of customs, regulations, habits, and laws that determine to what end a firm should be run.


WHAT IS MONETARY POLICY?

         Answer: A monetary policy is the process by which is government, cental bank, of a country controls (i) the supply of money, (ii) availability of money (iii) cost of money or rate of interest, in order to attain a set of objectives oriented towards the growth and stability of  the economy.

WHAT IS FISCAL POLICY?

         Answer: fiscal policy is the use of government spending and revenue collection to influence the economy. These policies affect tax rates, interest rates and government spending in an effort to control the economy. It is an additional method to determine public revenue and public expenditure.

WHAT IS CORE BANKING SOLUTIONS?

        Answer: core banking is a general term used to describe the services provided by a group of networked bank branches. Bank customers may access their funds and other simple transactions from any of the member branch offices.it will cut down time, working simultaneously on different issues and increasing efficiency.

WHAT IS E-GOVERNANCE?

      Answer: E-Governance is the public sector’s use  of information and communication technologies with the aim of improving information and service delivery, encouraging citizen participation in the decision-making process and making government more accountable, transparent and effective.

WHAT IS CHEQUE?

     Answer: Cheque is a negotiable instrument instructing a Bank to pay a specific amount from a specified account held in the maker/depositor’s name with that bank.a bill of exchange drawn on a specified banker and payable on demand.

WHAT IS NBFC?

      Answer: a non-banking financial company (NBFC) is a company registered under the companies Act, 1956 and is engaged in the business of loans and advances,acquisition of shares/stock/bonds/debentures/securities issued by government, but does not include any institution whose principal bisiness is that of agriculture activity, industrial activity, sale/purchase/construction of immovable property.

WHAT IS DIFF BETWEEN BANKING & FINANCE?

       Answer: Finance is generally related to all types of financial, this could be accounting, insurance and policies. Where as banking is everything that happens in a bank only.
The term Banking and Finance are two very different terms but two terms are often used to denote services that a bank and other finacial institutions provide to its customers.

WHAT IS SIDIB?

      Answer: the small industries Development Bank of India is a state-run bank aimed to aid the growth and development of micro, small and medium scale industries in India. Set up in 1990 through an act of parliament, it was incorporated initially as a wholly owned subsidiary of industrial Development bank of India.

WHAT IS SEBI?


      Answer: SEBI is the regulator for the securities Market in India. Originally set up by the Government of India in 1992 with SEBI Act 1992 being passed by the Indian Parliament. 
IBPS CWE CLERK UPDATES:: BANKING TERMS FOR EXAMS IBPS CWE CLERK UPDATES:: BANKING TERMS FOR EXAMS Reviewed by SSC-IBPS on 12:51:00 Rating: 5
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