Demand Note A Demand Note is a type of paper money that was first issued between August 1861 and April 1862 during the American Civil War in denominations of 5, 10, and 20 dollars. Demand Notes were the first type of paper money issued by the United States in theContinue Reading
China’s overseas trade o Is expected to touch $400 bn by 2010. Currently it is at $158.2 bn in FY05.
Financial Action Task Force (FATF) was founded by the G-7 countries in 1989 to develop and promote national and international policies to combat money laundering and terror financing. The membership of the FATF is limited to 35 countries at present. India has an observer status. India is a member ofContinue Reading
13th Finance Commission The 13th Finance Commission, which makes recommendations on sharing of tax revenues by the Centre and States, has suggested a new path for fiscal prudence in its report submitted to President Pratibha Devi Singh Patil on December 30, 2009. The Commission was headed by Vijay Kelkar. OtherContinue Reading
Banking Terms 1. Providing credit facilities by more than one banks for single party with formal agreement with each other. What is this concept called? Consortium 2. Rate at which RBI purchases or rediscounts bills of exchange of commercial banks. What this rate is called? Bank Rate 3. An instrumentContinue Reading
1- The RBI Governor reviews the Annual Monetary and credit policy every time after a gap of ———months? three 2- Reserve Bank of India keeps changing the ratio which regulates the minimum reserve each bank must hold to customer’s deposits. What this ratio called? Cash Reserve Ratio 3- Which bankContinue Reading
Recognised Stock Exchanges in India Name Address THE BOMBAY STOCK EXCHANGE Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001. The Ahmedabad Stock Exchange Association Ltd,. Manek Chowk, Ahmedabad – 380 001 BANGALORE STOCK EXCHANGE LTD,. ‘M’ Block, First Floor, Unity Building, J.C. Road, Bangalore – 560 002. BHUBANESHWAR STOCK EXCHANGEContinue Reading
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