Banking GK – Power Capsule – Important Points for IBPS & SBI Associate Clerk

Banking GK – Power Capsule – Important Points for IBPS & SBI Associate Clerk examination –
IBPS is conducting CWE IV clerk online examination for clerical post in all national banks. We are publishing some important banking GK points. Candidate can download these points in PDF also. Read all points which are mentioned below. Some students searching banking power capsule for IBPS clerk examination. You can power capsule or power injection but you should be read and revise before examination.
  • EXIM bank operates various lending programs for promotion of exports of engineering and capital goods and related services from India
  • EXIM ‐ Direct financial assistance to exporters of plant, equipment, machinerand related services in the form of medium term credit
  • EXIM ‐Overseas investment finance to Indian promoters of overseas joint ventures to support their equity investments.
  • EXIM ‐ Overseas buyers’ credit to foreign importers for import of Indian capital goods and related services
  • National Housing bank was established on 9.7.1988
  •  Vide National housing bank act, 1987 to function as a principal agency to promote housing finance institutions and to provide financial and other support to such institutions.
  • NHB – issues directions to housing finance institutions to ensure their growth on sound lines
  • Make loans and advances and render any other form of financial assistance to scheduled banks and housing finance institutions or to any authority established by or under any central, state or provincial act and engaged in slum improvement
  • Formulate schemes for the purpose of mobilization of resources and extension of credit for housing.
  • Banks can accept both demand and time deposits from the public
  • Interest payable on savings bank accounts is not regulated by Reserve Bank of India
  • RBI is the sole authority to issue and manage currency in India
  • Accounts are allowed to be operated by cheques in respect of both savings bank accounts and current accounts
  • Normally no interest is paid on current deposit accounts
  • The usual deposit schemes of the banks are current accounts, savings bank accounts and term deposit accounts
  • Fixed deposits and recurring deposits are repayable after an agreed period
  • Financial inclusion means provision of financial services namely, payments, remittances, savings, loans and insurance at affordable cost to persons not yet given the same
  • Sale of insurance policy to a depositor is known as cross selling by banks
  • When a bank returns a cheque unpaid, it is called as dishonor of the cheque
  • Mortgage is a security on immovable property for a deposit received by a bank
  • Accounts in which shares of various companies are traded in electronic form is called as demat accounts
  • NABARD has sought an emergency fund of Rs. 1000 crore from banks to tackle acute liquidity crisis, which is coming in the way to give loans to micro borrowers
  • Distribution of insurance products and insurance policies by the banks as corporate agencies is known as bankassurance
  • The term L denote “Liquidity” in term “LAF” as referred every now and then in relation to monetary policy of RBI – liquidity
  • The full form of FINO – a term frequently used in newspapers is called as – Financial Information Network and Operation Limited
  • The rate of inflation increases when the purchasing power of money decreases
  • Interest on savings bank account is now calculated by banks on daily product basis
  • A centralized data base with online connectivity to branches through internet as well as ATM network which has been adopted by almost all major banks of the country is known as core banking
  • Treasury bills, commercial paper, certificate of deposit, shares and bonds are called as money market instruments
  • Repurchase agreement is not money market instrument
  • With a view to facilitate payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility has been introduced for bank accounts in our country – nomination
  • Banks in our country normally publicize that additional interest rate is allowed on retail domestic term deposits of – senior citizens
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