Full Forms of Important Banking Terms for competitive Exams

Friends.. Here is the list of important banking terms with their full forms useful for all bank exams. You can download this article as pdf from below 'print friendly' button. If anything is missed please comment below, we will add it.

1. LAF – Liquidity Adjustment Facility

2. BSBDA - Basic Savings Bank Deposit Account

3. RTGS - Real Time Gross Settlement

4. SLR-Statutory Liquidity Ratio

5. PPP – Public Private Partnership

6. FCNR(B) - Foreign Currency Non-Resident Bank

7. LCR- Liquidity Coverage Ratio

8. NEFT - National Electronic Funds Transfer

9. NBFC-Non Banking Finance Companies

10. MSF- Marginal Standing Facility

11. NSFR- Net Stable Funding Ratio

12. GAAR - General anti avoidance rule

13. FTA- Free trade agreement

14. LRMT- Liquidity risk monitoring tools

15. CBS- Core Banking Solution

16. FSLRC - Financial Sector Legislative Reforms Commission

17. FIPB – Foreign Investment Promotion board

18. DEAF- Depositor Education and Awareness Fund

19. CRAR- Capital to Risk-weighted Assets Ratio

20. FIPB – Foreign Investment Promotion board

21. FEMA- Foreign Exchange Management Act

22. EEFC - Exchange Earner's Foreign Currency

23. ECBs - External Commercial Borrowings

24. DTC – Direct Tax Code

25. CCEA – Cabinet Committee on Economic Affairs

26. CAR – Cash Adequacy Ratio

27. ALM- Asset Liability Management

28. FSLRC- Financial Sector Legislative Reforms Commission

29. SWIFT- Society for Worldwide Interbank Financial Telecommunication

30. CRAR- Capital to Risk-weighted Assets Ratio

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Important Daily Current Affairs: 21 November 2014

1) Obama to be chief guest at Republic Day celebrations 2015: Prime Minister Narendra Modi has invited US President Barack Obama to Republic Day on January 26, 2015, an invitation that has been accepted by the US president. Obama will be the first US president to grace the occasion. Tthe Prime Minister's Office gave an official confirmation on Obama's visit to India. "This Republic Day, we hope to have a friend over...invited President Obama to be the 1st US President to grace the occasion as Chief Guest," PM Modi tweeted.

2) World Television Day celebrated: In 1996, the United Nations General Assembly proclaimed November 21 as World Television Day, “in recognition of the increasing impact television has on decision-making by alerting world attention to conflicts and threats to peace and security and its potential role in sharpening the focus on other major issues, including economic and social issues.”

3) World Fisheries Day observed: World Fisheries day on 21 November 2014 was observed across the world by the fisher folk communities. The day will remind the world to ensure sustainable stocks of fisheries and healthy oceans ecosystems.

4) Japan PM Shinzo Abe dissolved parliament for election: Japan's Prime Minister Shinzo Abe has dissolved parliament, paving the way for a snap election. Mr Abe is seeking a new mandate for economic reforms and is delaying an unpopular increase in sales tax. But opinion polls conducted by local media indicate low support for the PM and that many people do not understand why he has called an election two years ahead of schedule. Japan will now head to the polls in mid-December.

5) Democratic Republic of Congo declared free of Ebola Virus: The World Health Organization said on 21 November 2014 that the Democratic Republic of Congo was free of the Ebola virus after the African country went more than 40 days without a person developing symptoms of the deadly disease.

6) India's Mangalyaan among best inventions of 2014: Mangalyaan has been named among the best inventions of 2014 by Time magazine which described it as a technological feat that will allow India to flex its "interplanetary muscles." "Nobody gets Mars right on the first try. The US didn't, Russia didn't, the Europeans didn't. But on September 24, India did. That's when the Mangalyaan ...went into orbit around the Red Planet, a technological feat no other Asian nation has yet achieved," Time said about Mangalyaan, calling it "The Supersmart Spacecraft."Mangalyaan is among the 25 'Best Inventions of 2014' listed by Time magazine that are "making the world better, smarter andin some casesa little more fun."

7) World's first White Tiger Safari to come up in MP: Powerful roar of white tigers will soon reverberate in Madhya Pradesh's Vindhya region as the world's first White Tiger Safari would begin in Rewa, which was once home to this rare breed of the big cats. "The world's first White Tiger Safari would begin soon at Mukundpur near Rewa where the first white tiger was spotted by erstwhile ruler Maharaja Martand Singh in 1951 from Sidhi forest area (it was named as Mohan)," Madhya Pradesh Public Relations Minister Rajendra Shukla told PTI.

8) Inform customers about fall in minimum balance, RBI directs banks: The Reserve Bank of India (RBI) has asked banks to inform their customers about a fall in minimum balance well in advance and said penal charges should be levied only to the extent of shortfall in such balances. The guidelines with respect to levying of penal charges for non-maintenance of minimum balance will be effective from April 1, 2015. RBI said while levying charges for non-maintenance of minimum balance in savings bank account, banks shall adhere to the additional guidelines.

9) Deutsche Bank won Custodian of the Year 2014 award: Deutsche Bank on 15 November 2014 won Custodian of the Year 2014 award.  The bank was awarded the ‘Channel Islands Custodian of the Year 2014’ title, with the award being presented to Lisa Haggarty, Head of Custody and Fund Solutions for Deutsche Bank Channel Islands.

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Current Affairs November 2014 (First Week) PDF Download

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1) Former Prime Minister of India Manmohan Singh on 3 November 2014 received the Japan’s top national award named?

Ans. The Grand Cordon of the Order of the Paulownia Flowers 2014.

2) Name Sachin Tendulkar’s autobiography which was launched on 5 November 2014 in Mumbai?

Ans. Playing It My Way

3) Prime Minister Narendra Modi on 5 November 2014 adopted which village in Varanasi (his constituency) under Saansad Adarsh Gram Yojana (SAGY)?

Ans. Jayapur Village

4) Forbes list of the World's Most Powerful People 2014 was released on 5 November 2014. Who topped the list?

Ans. Vladimir Putin, the Russian President.

Note: Indian Prime Minister Narendra Modi made his debut in the world's most powerful people list ranked 15th.

5) Who was on 5 November 2014 appointed as the new chairperson of the Central Board of Direct Taxes (CBDT), the apex authority of the Income-Tax Department?

Ans. Anita Kapur, the senior IRS officer

6) Which team won the 2014-15 Duleep Trophy cricket tournament on 2 November 2014?

Ans. Central Zone

Note: They won by defeating South Zone in the finals played at Feroz Shah Kotla Ground, Delhi with 9 runs.

7) Justice Mukul Mudgal Committee on 3 November 2014 submitted its final report on IPL Spot fixing to?

Ans. Supreme Court of India

8) Which car's from India on 3 November 2014 failed the crash tests and got zero stars in safety rating for their adult occupant protection under the Global New Car Assessment Programme (NCAP)?

Ans. Maruti’s Swift and Nissan’s Datsun GO

9) Who won LG People’s Choice Award 2014 on 5 November 2014?

Ans. Bhuvneshwar Kumar

Note: He is the third Indian player to win the coveted prize and overall fourth cricketer to win this prize.

10) Name the Italian physicist who was on 4 November 2014 appointed as first woman chief of CERN particle physics research centre?

Ans. Fabiola Gianotti

Note: She became the first woman to be put in charge of a top global scientific institution in the field.

11) Which city in India recorded the largest number of internet users in 2014 as per a study conducted by the Internet & Mobile Association of India (IAMAI) and released on 4 November 2014?

Ans. Mumbai

12) Who was named as the captain of ICC ODI Team of the Year 2014 recently?

Ans. Indian cricket captain Mahendra Singh Dhoni

13) Who was named as captain of the ICC Test Team of the Year 2014 on 5 November 2014?

Ans. Angelo Mathews, the Sri Lankan cricket captain

14) Which tech giant on 3 November 2014 announced launch of Indian Language Internet Alliance (ILIA) in partnership with various content providers?

Ans. Google India

15) Which company recently became the first listed Indian company among the 30 SENSEX firms to have more than 75 percent shareholding by Foreign Institutional Investors (FIIs)?

Ans. HDFC

 Visit:www.currentaffairs4examz.com

16) Commemorative Postage stamp on Liver Transplantation in India was released on 4 November 2014 by the Department of Posts. In which year the first successful liver transplantation in India was done?

Ans. 1998

17) Which company completed the acquisition of Motorola Mobility from Google on 30 October 2014?

Ans. Lenovo, the Chinese PC maker

18) Which player received his 2013-14 European Golden Boot award on 5 November 2014?

Ans. Cristiano Ronaldo

Note: Portuguese star was awarded for being joint top-goal scorer last season in Europe along with Luis Suarez, having hit 31 goals.

19) Largest wind turbine manufacturer Suzlon Energy on 6 November 2014 installed the world’s tallest hybrid wind generator turbine at?

Ans. Kutch, Gujarat

20) Union Cabinet on 4 November 2014 approved dissolution of legislative assembly of which state?

Ans. Delhi

21) Which telecom company on 5 November 2014 called off the 700 crore rupees deal with Loop Mobile?

Ans. Airtel

22) India and which country on 7 November 2014 signed a Memorandum of Understanding (MoU) to develop Nalanda University in Bihar as an international centre of excellence?

Ans. Bhutan

23) Who was on 5 November 2014 appointed as the Chief Financial Officer (CFO) of e-retailer Flipkart?

Ans. Sanjay Baweja

24) National Cancer Awareness Day was recently observed on?

Ans. 7 November 2014

25) Which airlines on 6 November 2014 banned shipment of shark fins and committed to protect marine ecosystem?

Ans. Jet Airways

26) Who has resigned from the post of Goa Chief Minister on 8 November 2014?

Ans. Gopalkrishna Prabhu Parrikar

27) Name the Veteran Bollywood actor who died on 3 November 2014 at Mumbai?

Ans. Sadashiv Amrapurkar

28) Name the Hockey India President who on 2 November 2014 became a member of International Hockey Federation (FIH) Executive Board?

Ans. Narinder Batra

29) Name the tallest building in the US which was reopened for business thirteen years after the original twin towers were destroyed in the 9/11 terrorist attack?

Ans. World Trade Center

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Check your Marks and Cutoff details of IBPS PO IV 2014

Friends.. IBPS has activated the link to check the scores and cutoff details of IBPS PO IV. IBPS has conducted the common recruitment process for Probationary Officers/Management Trainees Phase IV during October/November 2014 and results were declared on 21 November 2014. Check the score before 12 December 2014 from the website by entering Registration No or Roll No and Password or Date Of Birth.

Individual Cutoffs for IBPS PO IV 

Overall Cutoffs of IBPS PO IV 

Check IBPS PO IV Scores/Marks: Click Here

Write up on process of arriving scores: Click Here

Notification for candidates shortlisted for interview: Click Here

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21 November 2014 Current Affairs Questions & Answers for exams

1) Which actor was bestowed with the Centenary Award for Indian Film Personality of the Year at the opening ceremony of the 45th International Film Festival of India (IFFI) on 20 November 2014?

(A) Kamal Hassan

(B) Rajinikanth

(C) Amitabh Bachchan

(D) Mammootty

2) Which racing team on 20 November 2014 relaunched their Formula One ambition by roping in Sebastian Vettel on a three-year deal starting 2015 season?

(A) Redbull

(B) Mercedes

(C) Lotus-Renault

(D) Ferrari

3) Government on 20 November 2014 approved Rs 43,033-crore rural electrification scheme Deendayal Upadhyaya Gram Jyoti Yojana for rural electrification. The scheme was earlier known as?

(A) Rajiv Gandhi Grameen Vidyutikaran Yojana

(B) Indira Gandhi Grameen Vidyutikaran Yojana

(C) Jawaharlal Nehru Grameen Vidyutikaran Yojana

(D) Mahatma Gandhi Grameen Vidyutikaran Yojana

4) International Film Festival of India (IFFI) 2014 was inaugurated on 20 November 2014. It is hosted by which state, which is the permanent venue for hosting the IFFI?

(A) Kerala

(B) Maharashtra

(C) Goa

(D) Gujarat

5) Name the CBI chief who was removed from 2G scam probe by Supreme Court on 20 November 2014?

(A) Amar Pratap Singh

(B) Ashwani Kumar

(C) Vijay Shanker Tiwari

(D) Ranjit Sinha

6) In line with Prime Minister Narendra Modi’s ‘Make in India’ campaign, which Ministry is planning to come up with a ‘Think in India’ drive to encourage students and researchers to come up with innovations and new ideas, as announced recently?

(A) Ministry of Communication and Information Technology

(B) Ministry of Science and Technology

(C) Ministry of Human Resource Development

(D) All of these 

7) Which private bank has on 20 November 2014 announced its plan to acquire ING Vysya Bank?

(A) Kotak Mahindra Bank

(B) ICICI Bank

(C) Axis Bank

(D) Federal Bank

8) Which country retained its number one spot in the latest Reliance ODI team rankings released on 20 November 2014?

(A) South Africa

(B) Australia

(C) India

(D) Pakistan

9) Who among the following was the chief guest at the opening ceremony of International Film Festival of India held on 20 November 2014?

(A) Amitabh Bachchan

(B) Jackie Chan

(C) Arnold Schwarzenegger

(D) Aamir Khan

10) The controversial ‘godman’ Sant Rampal was arrested on 19 November 2014 from his besieged ‘Satlok Ashram’ in Barwala, Hisar in which state?

(A) Rajasthan

(B) Punjab

(C) Bihar

(D) Haryana

Answers

1) Ans. (B) Rajinikanth

2) Ans. (D) Ferrari

3) Ans. (A) Rajiv Gandhi Grameen Vidyutikaran Yojana

4) Ans. (C) Goa

5) Ans. (D) Ranjit Sinha

6) Ans. (C) Ministry of Human Resource Development

7) Ans. (A) Kotak Mahindra Bank

8) Ans. (C) India

9) Ans. (A) Amitabh Bachchan

10) Ans. (D) Haryana

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Daily Current Affairs Updates: 20 November 2014

1) Deendayal Upadhyaya Gram Jyoti Yojana - Govt's new rural electrification scheme: Government on 20 November 2014 approved Rs 43,033-crore rural electrification scheme Deendayal Upadhyaya Gram Jyoti Yojana. The scheme will replace the existing Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY). The scheme includes aseparate agriculture and non agriculture feeders facilitating judicious rostering of supply to agricultural and non-agricultural consumers in rural areas. The scheme also includes strengthening and augmentation of sub transmission and distribution infrastructure in rural areas, including metering of distribution transformers and feeders. The estimated cost of the scheme for above two components is Rs 43,033 crore which includes the requirement of budgetary support of Rs 33,453 crore from the government over the entire implementation period.

2) CBI chief Ranjit Sinha removed from 2G scam probe by Supreme Court: In a major embarrassment for the Central Bureau of Investigation, the Supreme Court on 20 Nov 2014 asked the agency chief Ranjit Sinha to recuse himself from the ongoing probe into the multi-crore 2G spectrum allocation scam. "We direct Ranjit Sinha not to interfere in the 2G probe," the apex court said, adding that his subordinate could take over the investigation into alleged illegal allocations of second-generation airwaves for mobile connectivity by the previous UPA government.

3) 45th International Film Festival of India began at Goa: The 45th International Film Festival of India began at Goa on 20 November 2014.Mega-star of Indian cinema Amitabh Bachchan was the Chief Guest at the opening ceremony. The 11-day cinematic extravaganza will screen 178 foreign films in various categories. Information and Broadcasting Minister Arun Jaitley, Defence Minister Manohar Parrikar and Minister of State for I&B, Rajyavardhan Rathore were present at the function held at Dr Shamaprasad Mukherjee stadium in Taleigao village. The festival opened with Iranian filmmaker Mohsen Makhmalbaf's film 'The President', about a dictator who comes face to face with the people he previously subjugated. 

4) Rajinikanth conferred Centenary Award at IFFI: South Indian cinema’s superstar Rajinikanth was bestowed with the Centenary Award for Indian Film Personality of the Year at the opening ceremony of the 45th International Film Festival of India (IFFI). Union Minister Arun Jaitley and Bollywood actor Amitabh Bachchan, who was the chief guest, presented the award, which consists of a cash prize of Rs.10 lakhs, a certificate and the Silver Peacock Medal. It was instituted last year to commemorate 100 years of Indian Cinema.

5) An Integrated Power Development Scheme launched: The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, gave its approval to launch "Integrated Power Development Scheme" (IPDS) with the objectives of: 1. Strengthening of sub-transmission and distribution network in the urban areas; 2. Metering of distribution transformers /feeders / consumers in the urban areas. 3. IT enablement of distribution sector and strengthening of distribution network as per CCEA approval dated 21.06.2013 for completion of targets laid down under Restructured Accelerated Power Development and Reforms Programme (RAPDRP) for 12th and 13th Plans by carrying forward the approved outlay for RAPDRP to IPDS.

6) HRD Ministry planning ‘Think in India’ drive: In line with Prime Minister Narendra Modi’s ‘Make in India’ campaign, the HRD Ministry is planning to come up with a ‘Think in India’ drive to encourage students and researchers to come up with innovations and new ideas and to keep the talent back home from leaving abroad. Union Minister for Human Resource Development Smriti Irani said this at an event organised by the Confederation of Indian Industries (CII).

7) Kotak Mahindra Bank to acquire ING Vysya Bank: The board of Kotak Mahindra Bank has approved a merger with ING Vysya Bank. Kotak Mahindra Bank and ING Vysya Bank are private sector banks, offering a wide range of financial services. The combined entity will have over 1,200 branches across the country and a market value of nearly Rs 1 lakh crore. In an all-share transaction, shareholders of ING Vysya Bank will get 725 shares of Kotak Mahindra Bank for every 1,000 shares held. This will increase Kotak's branches to 1,214 from 641 now. Kotak has a 68 per cent presence in the west and north while ING Vysya is strong in the south, especially Andhra Pradesh, Telangana and Karnataka. Kotak will gain 2 million customers from this merger.

8) India continue to top ODI team table, Kohli at number 2: India retained the numero uno spot in the latest Reliance ODI team rankings while Virat Kohli maintained the number two position with skipper MS Dhoni static at the seventh place in the batting chart released on 20 Nov 2014.

9) Sebastian Vettel joins Ferrari after Alonso's exit: Fallen Italian giants Ferrari relaunched their Formula One world title ambitions by confirming Sebastian Vettel on a three-year deal on 20 Nov 2014 that will see the German team up with Kimi Raikkonen from next year. Ferrari's announcement came minutes after confirmation of Fernando Alonso's departure from the team after a five-year spell in which the Spaniard ultimately failed to deliver a world championship title.

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October 2014: Complete Current Affairs PDF Download

Friends.. Here is the much awaited completed Current Affairs PDF for the month of October 2014. We are much happy hearing from you that our monthly current affairs pdf is helping you in facing various competitive exams with ease. Thank you once again for supporting us. Do comment your suggestions/views for further improvement. Thank you. All the Best.

Download as PDF: Click Here or Alternate Link

For Current Affairs PDF of previous months: Click Here

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IBPS PO IV Results Out

Friends.. Institute of Banking Personnel Selection has on 21 November 2014 published the results of its PO IV 2014 Online Exam held during the month of October/November 2014. You can check the result by entering the Registration No or Roll No and Password or Date Of Birth. The interview for the selected candidates will be held during the month of January 2014. Congratulations to all selected candidates.

Check your IBPS PO IV Results: Click Here

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Question Papers: Railway(RRC) Group D Exam 16 November 2014

Friends.. Here are the question papers of South Central Railway, Railway Recruitment Cell, Group D Exam held on 16.11.2014. This question paper will be a useful reference for those having exam on 23 and 30 November 2014. These question paper has been shared by our friend Kiran Kumar. You can download the question papers as PDF from the below link.

Question Paper-1: Click Here

Question Paper-2: Click Here

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Current Affairs QUIZ: 20 November 2014

1) Which among the following organization has won the Indira Gandhi Prize for Peace, Disarmament and Development for the year 2014 on 19 November 2014?

(A) IPCC

(B) Bachpan Bachao Andolan

(C) ISRO

(D) Red Cross 

2) Bharatiya Mahila Bank Ltd (BMB) on 19 November 2014 launched its internet banking facility by the name?

(A) BMBOnline

(B) BMBBanking

(C) OnlineBMB

(D) BMBSmartBanking

3) World Toilet Day (WTD) was observed across the world on?

(A) 19 November

(B) 18 November

(C) 21 November

(D) 20 November

4) Prime Minister Narendra Modi who visited Fiji on 19 November announced a 75 million of credit for Fiji for a co-generation power plant and upgrading the sugar industry ans also pitched for stronger ties. Who was the last Indian PM before Modi to visit Fiji?

(A) A B Vajpayee

(B) Indira Gandhi

(C) Rajiv Gandhi

(D) Charan Singh

5) Which English word was chosen as Oxford English Dictionary's word of the year for 2014 on 19 November 2014?

(A) Gagnam Style

(B) Selfie

(C) Whatsapp

(D) Vape

6) Kisan Vikas Patra which was re-launched by Union Government on 18 November 2014 has a maturity period of?

(A) 5 Years and 6 Months

(B) 2 Years

(C) 8 Years and 4 Months

(B) 7 Years and 3 Months

7) Name the Indian-American student who on 19 November 2014 has won the 2014 International Children's Peace Prize Award for her exceptional work to raise money for underprivileged children around the world?

(A) Tanushi Sharma

(B) Neha Gupta

(C) Sruthi Menon

(D) Arya Krishna

8) Which tech giant has launched a new e-mail application named 'Verse', for businesses that integrates social media, file sharing and analytics to learn a user's behavior and predict interactions with coworkers on 19 November 2014?

(A) Google

(B) Yahoo

(C) Accenture

(D) IBM

9) Nation remembered Indira Gandhi on her ....... birth anniversary on 19 November 2014?

(A) 97th

(B) 125th

(C) 90th

(D) 101st

10) According to a recent study, number of people online in India is forecast to touch 302 million by end of this year, overtaking which country as the second-largest Internet market in the world?

(A) China

(B) USA

(C) UK

(D) Saudi Arabia

Answers

1) Ans. (C) ISRO

2) Ans. (D) BMBSmartBanking

3) Ans. (A) 19 November

4) Ans. (B) Indira Gandhi

5) Ans. (D) Vape

6) Ans. (C) 8 Years and 4 Months

7) Ans. (B) Neha Gupta

8) Ans. (D) IBM

9) Ans. (A) 97th

10) Ans. (B) USA

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