Interview Tips for Banking Job Aspirants

INTERVIEW TIPS AND SAMPLE INTERVIEW QUESTIONS FOR IBPS PO / CLERKS

 
Try to keep yourself updated about the recent happenings of at least the month prior to interview.
 Keep yourself updated on the latest developments in Finance Sector, Political , Sports etc.
The candidate needs to thoroughly read about the latest happenings at the time of his interview. He must read the newspaper of the very day of his interview because there have been many instances where the board asks the news of that day.
 
Be prepared about RBI, and types of banks, functions of RBI, and the latest monetary policy given by RBI etc. and many other banking terms and facts, insurance facilities provided by banks, important bills like food security bill, RTI etc.
Also be prepared on the various Technological Products of various Banks by visiting the sites of Preferred Banks.
Sample Interview Questions for IBPS PO/Clerk:-
 
 
1.What are the basic documents a person requires to open an account?
2. What is KYC? What is the concept for Introducing KYC?
3.Who is the governor of RBI?(As of today (March’14),
Key Points:-
- In IBPS interviews, you must have a quick read about the prominent personalities of banking industry, especially governor and deputy governors of RBI.
4.Tell us something about the 27th or latest public sector bank in India.
5.Tagline- “women empowerment economically”.is for which Bank?
6.What do you understand by the GDP of the country?
7.Who are the Bharat Ratna awardees/ Noble Prize Winner etc, 2015?
8.What is a Non -banking Financial Company (NBFC)?
9. What is the Difference between NBFC and banks?
10.What is the difference between nationalized banks and private banks?
11.What are the Non Performing assets of a company?
12.Which side of the Balance Sheet NPA is shown and why ?
If there is any recent story or news regarding NPA, then revise it thoroughly. For ex:- Recently, King Fisher's case wherby Banks have declared it as Wilful Defaulter
13.What are the various risks that banks face?
14. What is Basel Accord ?
15.What do you mean by term “CASA” related to bank?
16.Why CASA is important for the Banks ?
17.What is the difference between cheque and demand draft?
18.What are the parts of banks’ capital?
19.Tell us something about BSBDA.
20.What is the meaning of “base rate”? How is it differing from BPLR ?
21.What are the categories of loan that are exempted from Base Rate ?
22.What is CBS?
23.What is Para Banking?
24. What are the components of the monetary policy of RBI?
25.If Bank Rate is decreased by 0.25 Basis point what will be the impact on Economy?
26.Similarly the impact of change in Repo and Reverse Repo Rates should be prepared thoroghly.
27What is priority sector credit?and what are its components?
28.What is the difference between Micro finance and micro credit?
29.What is financial inclusion?
30.What are the steps taken by banks to promote financial inclusion?
31.How far PMJDY has been fruitful in meeting the objectives of Financial Inclusion?
32.What is REPO rate and reverse REPO rate?
33. What is Liquidity Adjustment Facility (LAF)?
34.What is Bank rate?
35.What is Cash Reserve Ratio (CRR)?
36.What is NDTL and what are its components ?
37.What is Statutory Liquidity Ratio (SLR)?
38.What happens when SLR or CRR is increased ?
39.What is Marginal Standing facility (MSF)?
40.What is white label ATM?
41.What is brown label ATM?
42.Tell us something about NABARD and its functions.
43.What is banking ombudsman scheme?
44. What is the difference between FII and FDI?
45.What is the CAD? What is Fiscal deficit?
46.What is inflation and deflation?
47.What is Capital Adequacy Ratio?
48.What is DEMAT account?
49.Name a few poverty eradication schemes of govt. of India.
Ans: Food Security bill, MNREGA, Sarva Shiksha Abhiyaan, Antoday Yojana, JNURRM, Swalamban Yojana, Nirmal Gram Yojana, Rajiv Awas Yojana, Indira Gandhi Pension plan etc. (Also read in detail about these schemes.)
50. What do you know about "Pradhan Mantri Jan Dhan Yojana"?
51.What is MUDRA Bank? Why was it started?
52.What is BANDHAN Bank? How is it different from other public and private banks?
53.Tell us something about ADB? Who are its members?
54. Highlight various skill development schemes recently started in India.
55. What is the difference between a Payment Bank &Small Bank ?
 

 What is the difference between a cheque and draft?

Answer

A cheque is issued by a customer and a draft is issued by a bank.

A Cheque is an instruction in writing given by the account holder to his bank for payment of money from his account. Cheque can be used only in respect of savings and current accounts and not in term deposit accounts. There is a statutory obligation on the part of a banker to make payment of cheque if

  • The cheque is properly drawn
  • Here is sufficient balance in the account
  • There is no legal restraint on the bank's to pay.

Like we said earlier Draft is a payment instrument. A banker's draft (or demand draft) is a payment order issued by one branch of a bank upon other branch, instructing the drawee branch to pay the specified sum of money to the specified person or to his order

INTERVIEW TIPS AND SAMPLE INTERVIEW QUESTIONS FOR IBPS PO / CLERKS

'Why should we hire you?' is one of the commonest interview questions one faces. So who do you answer this question correctly? Here are some expert tips:

Always support your statements by your credentials/facts and figures. Mention your key achievements from previous assignments including brief on challenges, action and results.
Emphasize your knowledge and experience to demonstrate your value to the job requirements. Explain how you possess the combination of skills and experience that make you stand out from the crowd.
This is one of the most important things that an employer looks for in a candidate. This means that even if the candidate lacks a certain skill set for the job role, the candidate should prove in front of the employer as to how he/she is open to learning.
It is important that you do your homework before the interview. Showing the interviewer how much you know about the company and that you've taken the effort to read about the company and its values can help you win the game.
It is important to make the employer understand your educational background and how it matches with the job description. Candidates can always talk about their college education in terms of the exposure, faculty and college infrastructure.
Also, it is important that candidates talk about their work experience. Background knowledge on the companies the candidates have worked can help the interviewer understand their potential.
The candidate needs to inform the employer about any teams he/she has handled and how open he/she is to new people. If a candidate has worked in a larger team in the past, it can add a brownie point in the interview.
Employers want to know whether candidates can deliver within the time frame given to them. Hence the candidate should talk about smart goals, key result areas and how they will deliver on time.

 
 

INTERVIEW TIPS AND SAMPLE INTERVIEW QUESTIONS FOR IBPS PO / CLERKS

1. Why do you want to join banking sector?
 
Banking is one of the fastest growing sectors in India with more stable and high growth and more over providing a wide range of career opportunities for graduates. So I want to take an opportunity to join in a bank.
2. What is the difference between Cheque and Demand Draft?
 
Cheque: Cheque is a negotiable instrument instructing a bank to pay a specific amount from a specific account held in the maker/depositor name with that Bank.
Demand Draft: A demand draft is an instrument used for effecting the transfer of money. It is a negotiable instrument.
3. What is a Non-Banking Financial Company (NBFC)?
 
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures /securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods other than securities) or providing any services and sale/purchase/construction of immovable property. A non-banking institution which is a company and has a principal business of receiving deposits under any scheme or arrangement in one lump sum or in installments by way of contributions or in any other manner is also a non-banking financial company (Residuary non-banking company).
4. NBFCs are doing functions similar to banks. What is the difference between banks & NBFCs?
NBFCs lend and make investments and hence their activities are akin to that of banks; however, there are a few differences as given below:
NBFC cannot accept demand deposits;
NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself;
deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks.
5 . What is Private Banking?
 
Banking services offered to high net-worth individuals. Private banking institution assists the high net-worth individual in investing his/her money in exchange for commissions and fees. The term "private" refers to the customer service being rendered on a more personal basis.
6. What is BSBDA?
 
Under the guidelines issued on August 10, 2012 by RBI: Any individual, including poor or those from weaker section of the society, can open zero balance account in any bank. BSBDA guidelines are applicable to "all scheduled commercial banks in India, including foreign banks having branches in India".
All the accounts opened earlier as 'no-frills' account should be renamed as BSBDA. Banks are required to convert the existing 'no-frills' accounts’ into 'Basic Savings Bank Deposit Accounts'.
The 'Basic Savings Bank Deposit Account' should be considered as a normal banking service available to all customers, through branches .
The aim of introducing 'Basic Savings Bank Deposit Account' is very much part of the efforts of RBI for furthering Financial Inclusion objectives.
 
7. What is BPS (Basis Points)?
 
BPS (Basis point): - BPS is an acronym for basic points is used to indicate changes in rate of interest and another financial instrument.
 
1 BASIC POINT IS EQUAL TO 0.01%
So when we say that repo rate has been increased by 25 bps, it means that the rate has been increased by 0.25%
8. What is KYC?
 

The Reserve Bank of India (RBI) has advised banks to follow ‘KYC guidelines’, wherein the

certain personal information of the account-opening prospect or the customer is obtained. The objective of doing so is to enable the Bank to have positive identification of its customers. This is also in the interest of customers to safeguard their hard earned money.
The KYC guidelines of RBI mandate banks to collect three proofs from their customers. They are-
Photograph
Proof of identity
Proof of address
9. What is Sub-prime crisis?
 
The current Subprime crisis is due to sub-prime lending. These are the loans given
to the people having low credit rating.
10. What is Base Rate?
 
It is the minimum rate of interest that a bank is allowed to charge from its customers. Unless mandated by the government, RBI rule stipulates that no bank can offer loans at a rate lower than BR to any of its customers.
It is effective from, July 1, 2010. However, all existing loans, including home loans and car loans, will continue to be at the current rate. Only the new loans taken on or after July 1 and old loans being renewed after this date will be linked to BR.
11. What is SWIFT?
SWIFT: - Society for worldwide Interbank financial tele- communication.
India was 74th Nation to join SWIFT Network.
SWIFT Code is a standard format of bank Identifier code. This code is used particularly in International transfer of money between banks.
A majority of FOREX related message are sent to correspondent banks abroad through SWIFT.
SWIFT Code consist 8 or 11 character when code is 8 digit, It is referred to primary office 4 – bank code
2 – country code
2 – location code
3 – branch code (optional).
12. What is Swabhimaan Yojana?
 
Swabhimaan is a financial inclusion plan of bank to take banking to the door steps of the remote village where banking facility are not available.
13. What is NOSTRO and VOSTRO account?
 
NOSTRO Account: A NOSTRO account is maintained by an Indian bank in the foreign countries.
VOSTRO Account: a vostro a/c is maintained by a foreign bank in India with their corresponding bank.
14. What is a DeMat Account?
 
DeMat is nothing but a dematerialized account. If one has to save money or make cheque payments, then he/she needs to open a bank account. Similarly, one needs to open a DeMat account if he/she wants to buy or sell stocks. Thus, DeMat account is similar to a bank account wherein the actual money is being replaced by shares. In order to open a DeMat account, one needs to approach the Depository Participants [DPs].
In India, a DeMat account is a type of banking account that dematerializes paper-based physical stock shares. The DeMat account is used to avoid holding of physical shares: the shares are bought as well as sold through a stock broker. In this case, the advantage is that one does not need any physical evidence for possessing these shares. All the things are taken care of by the DPs.
This account is very popular in India. Physically only 500 shares can be traded as per the provision given by SEBI. From April 2006, it has become mandatory for any person holding a DeMat account to possess a Permanent Account Number (PAN).
15. What is RuPay Card?
RuPay is the Indian domestic card payment network set up by National Payments Corporation of India (NPCI) at the behest of banks in India. The RuPay project had been conceived by Indian Banks Association (IBA) and had the approval of Reserve Bank of India (RBI).
RuPay LogoNational Payments Corporation of India (NPCI) has a plan to provide a full range of card payment services including the RuPay ATM, RuPay MicroATM, Debit, Prepaid and Credit Cards which will be accepted in India and abroad, across various channels like POS, Internet, IVR and mobile etc.
The initial focus of NPCI would be to approach those banks who have not been issuing any payment card at all more specifically – Regional Rural Banks (RRBs) and urban co-operative banks.
All Public Sector Undertakings (PSU) banks set to join RuPay system by the end of year 2012. RuPay-based debit cards can be used by the consumers on the Internet from September, 2012.
The government of India had launched India’s first domestic payment card network, RuPay, to compete with Visa Inc and Mastercard Inc.
16. What is foreign exchange reservers?
Foreign exchange reserves (also called Forex reserves) in a strict sense are only the foreign currency deposits and bonds held by central banks and monetary authorities.However, the term in popular usage commonly includes foreign exchange and gold,SDRs and IMF reserve positions.
17. What is Bancassurance ?
 
Bancassurance stands for distribution of financial products particularly the insurance policies (both the life and non-life), also called referral business, by banks as corporate agents, through their branches located in different parts of the country.
18. What is Money Laundering ?
 
Money laundering is the processes of concealing the source of obtain money. Money or funds obtained through illegal activities are presented as legitimate.
19. What is the difference between Nationalized bank and Private Bank ?
 
A Nationalized bank is one that is owned by the government of the country. Since the people decide who the government is, they are also referred to as public sector banks. The government is responsible for the money deposited into the accounts of these banks. Where as a private sector bank is one that is owned by an independent individual or a company that is controlled by a few individuals. In short, the bank is owned by someone else and they run the bank. The person owning/running the bank is responsible for the money deposited into the accounts of these banks.
 
20. What are non-perfoming assets?
A classification used by financial institutions that refer to loans that are in jeopardy of default. Once the borrower has failed to make interest or principal payments for 90 days the loan is considered to be a non-performing asset. Also known as "non-performing loan".
21. What is the Functions of RBI?
 
The Reserve Bank of India is the central bank of India, was established on April 1,1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission. The commission submitted its report in the year 1926, though the bank was not set up for nine years.To regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and
generally t o operate the currency and credit system of the country to its advantage." Banker to the Government: performs merchant banking function for the central and the state governments; also acts as their banker.Banker to banks: maintains banking accounts of all scheduled banks. 29 What is monetary policy?
A Monetary policy is the process by which the government, central bank, of a country controls
(i) the supply of money,
(ii) availability of money, and
(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.
 
 
22. What is SEZ?
 
SEZ means Special Economic Zone is the one of the part of government’s policies in India. A special Economic zone is a geographical region that economic laws which are more liberal than the usual economic laws in the country. The basic motto behind this is to increase foreign investment, development of infrastructure, job opportunities and increase the income level of the people.
23. What is SIDBI?
 
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.
24. What is TREASURY BILLS (TB)?
 
Treasury bills (T-Bills) are the short term liabilities of the central government .theoretically government of India issued three types of T-bills through auctions, namely 91 days, 182days, and 364 days. There are no treasury bills issued by state government. Minimum amount of T –Bills is Rs. 2500and in multiple of RS. 2500.T-bills are issued at a discount and are redeemed at par from 1st April 1997 treasury bills have been replaced by WAYS AND MEANS ADVANCES .
commercial paper was introduced by RBI in 1991. It is a short term money market instrument issued in the form of promissory note.Corporate; primary dealers and the all India financial institution are eligible to issue CP. The maturity period of each commercial paper is 7days to 1year from the date of issue.CP can be issued denominations of Rs. 5lakh or multiples thereof. Only a schedule bank can act as an issuing and paying agent (IPA) for the issuance of CP.
25. What is COMMERCIAL PAPER (CP)?
 
commercial paper was introduced by RBI in 1991. It is a short term money market instrument issued in the form of promissory note .Corporate; primary dealers and the all India financial institution are eligible to issue CP. The maturity period of each commercial paper is 7days to 1year from the date of issue .CP can be issued denominations of Rs. 5lakh or multiples thereof. Only a schedule bank can act as an issuing and paying agent (IPA) for issuance of CP.
26. What is CRM?
 
Customer Relationship Management (CRM) refers to the ability to understand, anticipate and manage the needs of the customer, interaction and relationship resulting in increased profitability through revenue and margin growth and operational efficiencies.
27. What is Right to Information Act?
 
The Right to Information act is a law enacted by the Parliament of India giving citizens of India access to records of the Central Government and State overnments.The Act applies to all States and Union Territories of India, except the State of Jammu and Kashmir - which is covered under a State-level law. This law was passed by Parliament on 15 June 2005 and came fully into force on 13
October 2005.
28. What is Recession?
 
A true economic recession can only be confirmed if GDP (Gross Domestic Product)growth is negative for a period of two or more consecutive quarters.
29. What is dematerialisation?
 
Dematerialisation is a process by which the paper certificates of an investor are taken back by the company/registrar and actually destroyed and an equivalent number of securities are credited in electronic holdings of that investor.
30. What is Derivative?
 
A derivative is a financial contract that derives its value from another financial product/commodity (say spot rate) called underlying (that may be a stock, stock index, a foreign currency, a commodity). A forward contract in a foreign exchange transaction, is a simple form of a derivative.
31. What is LAF?
 
Liquidity Adjustment Facility (LAF) was introduced by RBI during June 2000 in phases, to ensure a smooth transition and keeping pace with technological up gradation.
32. What is a Repo Rate?
 
Repo rate is the rate at which our banks borrow rupees from RBI. Whenever the banks have any shortage of funds they can borrow it from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases, borrowing from RBI becomes more expensive
33. What is Reverse Repo Rate?
This is the exact opposite of Repo rate. Reverse Repo rate is the rate at which Reserve Bank of India (RBI) borrows money from banks. RBI uses this tool when it feels there is too much money floating in the banking system. Banks are always happy to lend money to RBI since their money is in safe hands with a good interest. An increase in Reverse repo rate can cause the banks to transfer more funds to RBI due to this attractive interest rates.
34. What is CRR Rate?
 
Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is using this method ( an increase of CRR rate), to drain out the excessive money from the banks.
35. What is Bank Rate?
 
Bank rate also referred to as the discount rate, is the rate of interest which a central bank charges on the loans and advances that it extends to commercial banks and other financial intermediaries. Changes in the bank rate are often used by central banks to control the money supply.
36. What is PLR?
 
The Prime Interest Rate is the interest rate charged by banks to their most creditworthy customers (usually the most prominent and stable business customers). The rate is almost always the same amongst major banks. Adjustments to the prime rate are made by banks at the same time; although, the prime rate does not adjust on any regular basis. The Prime Rate is usually adjusted at the same time and in correlation to the adjustments of the Fed Funds Rate. The rates reported below are based upon the prime rates on the first day of each respective month. Some banks use the name "Reference Rate" or "Base Lending Rate" to refer to their Prime Lending Rate.
37. what is Bitcoin?
 
Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence.
38. What is SLR Rate?
 
SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in the form of cash, or gold or govt. approved securities (Bonds) before providing credit to its customers. SLR rate is determined and maintained by the RBI (Reserve Bank of India) in order to control the expansion of bank credit. SLR is determined as the percentage of total demand and percentage of time liabilities. Time Liabilities are the liabilities a commercial bank liable to pay to the customers on their anytime demand. SLR is used to control inflation and propel growth.
Through SLR rate tuning the money supply in the system can be controlled efficiently.
39. What is Deposit Rate?
 
Interest Rates paid by a depository institution on the cash on deposit.
40. What is Fiscal Policy?
 
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. Fiscal policy is an additional method to determine public revenue and public expenditure.
41. What is the Banking Ombudsman Scheme?
The Banking Ombudsman Scheme enables an expeditious and inexpensive forum to bank customers for resolution of complaints relating to certain services rendered by banks. The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995.
42. Which are the banks covered under the Banking Ombudsman Scheme, 2006? 
 
All Scheduled Commercial Banks, Regional Rural Banks and Scheduled Primary Co-operative Banks are covered under the Scheme.
43. What is Inflation?
 
Inflation is an increase in the price of a bunch of Goods and services that project the Indian economy. An increase in inflation figures occurs when there is an increase in the average level of prices in Goods and services. Inflation happens when there are fewer Goods and more buyers; this will result in an increase in the price of Goods since there are more demand and less supply of the goods.
44. What is Deflation?
 
Deflation is the continuous decrease in prices of goods and services. Deflation occurs when the inflation rate becomes negative (below zero) and stays there for a longer period.
45. What is FII?
 
FII (Foreign Institutional Investor) used to denote an investor, mostly in the form of an institution. An institution established outside India, which proposes to invest in Indian market, in other words buying Indian stocks. FII's generally buy in large volumes which has an impact on the stock markets. Institutional Investors includes pension funds, mutual funds, Insurance Companies, Banks, etc.
46. What is FDI?
 
FDI (Foreign Direct Investment) occurs with the purchase of the “physical assets or a significant amount of ownership (stock) of a company in another country in order to gain a measure of management control” (Or) A foreign company having a stake in a Indian Company.
47. What is IPO?
 
IPO is Initial Public Offering. This is the first offering of shares to the general public from a company wishes to list on the stock exchanges.
48. What is GDP?
 
The Gross Domestic Product or GDP is a measure of all of the services and goods produced in a country over a specific period; classically a year.
49. What is GNP?
 
Gross National Product is measured as GDP plus income of residents from investments made abroad minus income earned by foreigners in domestic market.
50. What is Revenue deficit?
 
It defines that, where the net amount received (by taxes & other forms) fails to meet the predicted net amount to be received by the government.
51. What is Disinvestment?
 
The Selling of the government stake in public sector undertakings.
52. What is Fiscal Deficit?
 
It is the difference between the government’s total receipts (excluding borrowings) and total expenditure.
53. What is National Income?
 
National Income is the money value of all goods and services produced in a Country during the year.
54. What is bank and its features and types?
 
A bank is a financial organization where people deposit their money to keep it safe.Banks play an important role in the financial system and the economy. As a key component of the financial system, banks allocate funds from savers to borrowers in an efficient manner.
55. What are Mutual funds?
 
Mutual funds are investment companies that pool money from investors at large and offer to sell and buy back its shares on a continuous basis and use the capital thus raised to invest in securities of different companies. The mutual fund will have a fund manager that trades the pooled money on a regular basis. The net proceeds or losses are then typically distributed to the investors annually. A
company that invests its clients' pooled fund into securities that match its declared financial objectives. Asset management companies provide investors with more diversification and investing options than they would have by themselves. Mutual funds, hedge funds and pension plans are all run by asset management companies. These companies earn income by charging service fees to their clients.
56. What is Cheque?
 
The 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.“Written order directing a bank to pay money”.
57. What is demand Draft?
 
A demand draft is an instrument used for effecting transfer of money. It is a Negotiable Instrument. Cheque and Demand-Draft both are used for Transfer of money. You can 100% trust a DD. It is a banker's check. A check may be dishonored for lack of funds a DD can not. The cheque is written by an individual and Demand draft is issued by a bank. People believe banks more than individuals.
58. What is NABARD?
 
NABARD was established by an act of Parliament on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981. It replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and Development Corporation (ARDC). It is one of the premier agency to provide credit in rural areas. NABARD is set up as an apex Development Bank with a mandate for facilitating credit flow for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts.
 
59. What is SENSEX and NIFTY?
 
SENSEX is the short term for the words "Sensitive Index" and is associated with the Bombay (Mumbai) Stock Exchange (BSE). The SENSEX was first formed on 1-1-1986 and used the market capitalization of the 30 most traded stocks of BSE. Where as NSE has 50 most traded stocks of NSE.SENSEX IS THE INDEX OF BSE. AND NIFTY IS THE INDEX OF NSE.BOTH WILL SHOW DAILY TRADING MARKS. Sensex and Nifty both are an "index”. An index is basically an indicator it indicates whether most of the stocks have gone up or most of the stocks have gone down.
60. What is SEBI?
 
SEBI is the regulator for the Securities Market in India. Originally set up by the Government of India in 1988, it acquired statutory form in 1992 with SEBI Act 1992 being passed by the Indian Parliament. Chaired by C B Bhave.

Comments

  1. pay day loans February 18, 2016 at 11:40 pm

    Very helpful will be back to read more.

  2. quest bars February 19, 2016 at 11:08 am

    I like what you guys are up too. Such clever work and reporting!
    Keep up the good works guys I’ve included you guys to my personal blogroll.

  3. quest bars February 19, 2016 at 5:31 pm

    If you are going for best contents like myself, just visit this web site all the time as it provides quality contents, thanks

  4. quest bars February 20, 2016 at 1:05 am

    It is truly a nice and helpful piece of information. I am happy that you
    just shared this helpful info with us. Please keep us up to date like this.
    Thank you for sharing.

  5. Quest Bars February 20, 2016 at 8:35 am

    My brother recommended I may like this blog. He was totally right.
    This put up truly made my day. You can not consider simply how
    so much time I had spent for this information! Thanks!

  6. quest bars February 20, 2016 at 9:55 am

    Thank you for the good writeup. It in fact was a amusement account it.
    Look advanced to far added agreeable from you! However,
    how can we communicate?

  7. Alfonso Szewczyk February 21, 2016 at 8:20 am

    Hello.This article was really interesting, especially since I was looking for thoughts on this topic last Friday. no credit check loans

  8. minecraft.exe February 22, 2016 at 12:40 am

    It’s in fact very complex in this full of activity life to listen news on TV, therefore I simply use internet for that purpose, and obtain the hottest information.

  9. plenty of fish dating site of free dating February 23, 2016 at 7:32 pm

    Good day! I simply want to offer you a huge thumbs up for your great info you
    have here on this post. I’ll be coming back to your blog for more soon.

  10. Lacresha February 23, 2016 at 10:50 pm

    It’s actually a great and helpful piece of information. I’m glad that you simply shared this helpful info with us. Please stay us informed like this. Thanks for sharing.

  11. plenty of fish dating site of free dating February 23, 2016 at 11:33 pm

    It’s amazing for me to have a website, which is useful designed for
    my experience. thanks admin

  12. bastcilkdoptb February 29, 2016 at 12:58 am

    I have learn some good stuff here. Certainly price bookmarking for revisiting. I wonder how so much effort you put to create this type of excellent informative website.

  13. fiverr cocoservice March 1, 2016 at 11:26 am

    4cGXOL Really informative blog post.Really thank you! Will read on

  14. MyMPickler March 1, 2016 at 2:38 pm

    Hi there, after reading this amazing paragraph i am as well happy to share my familiarity here with mates.

  15. sandra romain March 3, 2016 at 2:37 am

    Appreciate you sharing, great blog.Really thank you!

  16. Limewire Free Music Downloads March 8, 2016 at 6:08 pm

    Very rapidly this website will be famous among all blogging and site-building people, due to it’s good articles

  17. eebest8 seo March 9, 2016 at 9:21 am

    Really enjoyed this article post.Really thank you! Will read on…

  18. BoydXSoltren March 10, 2016 at 12:46 pm

    Hello! Quick question that’s totally off topic. Are you
    aware learning to make your blog mobile friendly?

    My blog looks weird when browsing from my iphone. I’m looking for a theme or plugin that could possibly fix this problem.
    For those who have any recommendations, please share.
    Thanks!

  19. Enjoyed every bit of your blog post.Really thank you! Really Cool.

  20. DeanDMikovec March 11, 2016 at 4:30 pm

    Thank you for sharing your thoughts. I really appreciate your efforts and I am waiting for your further write ups thanks once again.

  21. knife March 12, 2016 at 5:08 pm

    A round of applause for your blog article.Really looking forward to read more. Really Cool.

  22. RanaWBiskach March 15, 2016 at 6:18 am

    It’s hard to find experienced people in this subject,
    however, you look like do you know what you’re talking about!
    Thanks

  23. World War 2 Airplane Games March 15, 2016 at 8:04 pm

    I really like and appreciate your post.Much thanks again. Awesome.

  24. chwilówki online March 23, 2016 at 1:53 pm

    Major thanks for the blog post. Really Cool.

  25. GoldenHouse March 24, 2016 at 12:51 pm

    I loved your article.Thanks Again. Really Cool.

  26. A big thank you for your article.Really thank you! Fantastic.

  27. CASETTA IN LEGNO PREFABBRICATA April 1, 2016 at 12:22 pm

    Looking forward to reading more. Great article.Thanks Again. Fantastic.

  28. psychic abilities April 1, 2016 at 9:14 pm

    Im obliged for the article post.Really thank you! Much obliged.

  29. bernie sanders April 1, 2016 at 11:24 pm

    Hello there, I found your site via Google whilst looking
    for a comparable matter, your website got here up, it looks good.
    I have bookmarked it in my google bookmarks.
    Hi there, simply changed into aware of your weblog through Google, and
    found that it’s really informative. I am gonna watch out for brussels.
    I’ll appreciate if you continue this in future.
    Numerous other folks can be benefited from your writing.
    Cheers!

  30. http://clashroyaledeckbuilder.com/ April 3, 2016 at 9:59 pm

    Im grateful for the article.Really thank you!

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.