Oracle IAS, the best coaching institute for RBI grade B//NABARD/SEBI in Dehradun (Uttarakhand), brings to you views on important issues.. 1) Credit Creation: Commercial banks have to ensure that enough credit is available for people to borrow from the bank to carry out their daily business activities. Wherever a shortage of credit is observed, the […]
RBI CONCEPTS: Role of commercial banks #7 Read More »
Oracle IAS, the best coaching institute for RBI grade B in Dehradun (Uttarakhand), brings to you views on important issues. What are various types of cards? Ans: Cards can be classified on the basis of their issuance, usage and payment by the card holder. There are three types of cards (a) debit cards (b) credit
RBI CONCEPTS:CARD TRANSACTION #6 Read More »
Oracle IAS, the best coaching institute for RBI grade B in Dehradun (Uttarakhand), brings to you views on important issues. Q.1. What is NEFT? Ans: National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals, firms and corporates can electronically transfer funds from any bank branch to any
RBI CONCEPTS:NATIONAL ELECTRONIC FUNDS TRANSFER (NEFT) #5 Read More »
Oracle IAS, the best coaching institute for RBI grade B in Dehradun (Uttarakhand), brings to you views on important issues. What is Cheque Truncation? Truncation is the process of stopping the flow of the physical cheque issued by a drawer at some point by the presenting bank en-route to the paying bank branch. In its
RBI CONCEPTS: CHEQUE TRUNCATION #4 Read More »
Oracle IAS, the best coaching institute for RBI grade B in Dehradun (Uttarakhand), brings to you views on important issues. What is the Asian Clearing Union (ACU)? Ans. The Asian Clearing Union (ACU) was established with its head-quarters at Tehran, Iran, on December 9, 1974 at the initiative of the United Nations Economic and Social
RBI CONCEPTS:ASIAN CLEARING UNION(ACU) #3 Read More »
Oracle IAS, the best coaching institute for RBI grade B in Dehradun (Uttarakhand), brings to you views on important issues. What is Sovereign Gold Bond (SGB)? Who is the issuer? SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash
RBI concept:Sovereign Gold Bond Scheme #2 Read More »
Oracle IAS, the best coaching institute for RBI grade B in Dehradun (Uttarakhand), brings to you daily economics/finance concept. Q.1. What is an Automated Teller Machine (ATM)? Ans 1. Automated Teller Machine is a computerized machine that provides the customers of banks the facility of accessing their account for dispensing cash and to carry out
RBI concept: ATM/White Label ATM #1 Read More »
