PROJECT CHAMAN (Prelims-2018) 👌👌 -> It is an initiative by the Department of Agriculture, Cooperation & Farmers Welfare. -> Under this project, sound methodology for estimation of Horticulturecrops is being developed and implemented on pilot basis using Sample Survey methodology and Remote Sensing technology. -> The Coordinated Horticulture Assessment and Management using geo-informatics (CHAMAN) uses… Read More »
• An open-ended fund is one which is usually available from a Mutual Fund on the ongoing basis, i. e. an investor can buy or sell them as and when they intend to, at a NAV based price. • As investors buy and sell units of a particular open-ended scheme, the number of units issued also… Read More »
➡ What are Regional Rural Banks • Five Regional Rural Banks (RRBs) were first set up on October 2, 1975 with the aim to take banking services to the doorsteps of the rural masses specially in the remote areas having no access to banking services to fulfill the twin duties of (i) Providing credit to the society… Read More »
#Daily_One_Banking_Term ➡ Meaning of term Bancassurance: ▪ Bancassurance refers to the distribution of insurance products and the insurance policies of insurance companies which may be life policies or non-life policies like home insurance – car insurance, medi-policies and others, by banks as corporate agents through their branches located in different parts of the country by… Read More »
#Daily_One_Banking_Term =============== ➡ Meaning of Marginal Standing Facility Rate :- MSF scheme has become effective from 09th May, 2011 launched by the RBI. Under this scheme, Banks will be able to borrow upto 1% of their respective Net Demand and Time Liabilities. The rate of interest on the amount accessed from this facility will be 100… Read More »
#Daily_One_Banking_Term ============= ➡ What is Warrant: An option for a longer period of time giving the buyer the right to buy a number of shares of common stock in company at a specified price for a specified period of time. ============================================ You can also join our Telegram channel to get daily News, Current Affairs, Notes by… Read More »
#Daily_One_Banking_Term ================ ➡ Meaning of term Virtual Banking: ▪️ Virtual banking is also called internet banking, through which financial and banking services are accessed via internet’s World Wide Web. It is called virtual banking because an internet bank has no boundaries of brick and mortar and it exists only on the internet. ============================================ You can also… Read More »
#Daily_One_Banking_Term =============== ➡ Meaning of Universal Banking : ▪️When Banks and Financial Institutions are allowed to undertake all types of activities related to banking like acceptance of deposits, granting of advances, investment, issue of credit cards, project finance, venture capital finance, foreign exchange business, insurance etc. it is called Universal Banking. ============================================ You can also join… Read More »
#Daily_One_Banking_Term =============== ➡ What is meaning of Trust Deed: ▪️ A formal document that creates a trust. It states the purpose and terms of the name of the trustees and beneficiaries. ➡ What is Underwriting : ▪️ It is an agreement by the underwriter to buy on a fixed date and at a fixed rate,… Read More »
#Daily_One_Banking_Term ============== ➡ Trading Rules: ▪️Stipulation of parameters for opening and intra-day quotations, permissible spreads according to the prices of securities available for trading and board lot sizes for each security. ============================================ You can also join our Telegram channel to get daily News, Current Affairs, Notes by clicking on the below link Telegram Exam Channel