discussion forum all about Ibpsexam preparation tips po's and Clerk

Latest topics
» Career as IBPS PO
Fri Sep 20, 2013 1:22 pm by Eenadu01

» IBPS Clerks - A Source To Reach Your Goal
Fri Sep 20, 2013 1:16 pm by Eenadu01

» NEEDED HELP
Fri Sep 20, 2013 1:12 pm by Eenadu01

» Tips and alertness for IBPS Clerk-III
Thu Aug 22, 2013 8:09 pm by Ranjita1

» Professional Knowledge Test Questions
Fri Aug 09, 2013 10:51 pm by abhisharma59

» IBPS entrance 2013
Mon Apr 08, 2013 12:30 pm by mrinal

» expected topis
Thu Nov 08, 2012 3:05 pm by m sreenivasulu

» How to prepare for IBPS RRB exam?
Wed Sep 05, 2012 5:56 pm by supersonia

» IBPS RRB (Rural Regional Bank)
Mon Jun 11, 2012 6:30 pm by Rinku

» Model Question Papers of Bank Clerk Exams?
Mon Jun 11, 2012 6:25 pm by Rinku

» Model question papers of Bank PO Exams?
Mon Jun 11, 2012 6:23 pm by Rinku

» All Bank Details
Fri Jun 08, 2012 3:58 pm by Guest

» Forgot to take print out
Fri May 25, 2012 3:02 am by y2k_k2a

» Chit Chat Ask anything
Sun May 13, 2012 2:46 pm by krishnamurali

» when will be held the next ibps po exam
Sat May 05, 2012 9:14 pm by Admin

Keywords

Top posting users this week

Poll
December 2017
MonTueWedThuFriSatSun
    123
45678910
11121314151617
18192021222324
25262728293031

Calendar Calendar


You are not connected. Please login or register

USEFUL TERMS FOR BANK INTERVIEW

View previous topic View next topic Go down  Message [Page 1 of 1]

1 USEFUL TERMS FOR BANK INTERVIEW on Sat Dec 17, 2011 2:58 pm

parinita


HERE YOU CAN LEARN SOME USEFUL TERMS WHICH ARE MOST FREQUENTLY ASKED IN INTERVIEWS.....
JUST GO THROUGH IT , THIS WILL ENHANCE YOUR KNOWLEDGE AS WELL....
IN CASE OF ANY DOUBTS POST YOUR QUERIES I WILL ANSWER THEM AS SOON AS POSSIBLE .....

2 WHAT IS A BANK ?? on Sat Dec 17, 2011 3:14 pm

parinita


BANK IS A FINANCIAL INSTITUTION WHICH ACCEPTS DEPOSITS AND PROVIDE LOANS WITH THE FACILITY OF CHEQUES,DEMAND DRAFT,ETC

NOW BROADLY BANKS ARE OF TWO TYPES:

1--PUBLIC SECTOR BANK

2--PRIVATE SECTOR BANK

PUBLIC SECTOR BANK---

BANKS IN WHICH GOVERNMENT HOLDING IS ABOVE 51% IS CALLED PUBLIC SECTOR BANK.

PRIVATE SECTOR---
IN WHICH GOVERNMENT HOLDING IS UPTO 49%.

3 RESERVE BANK OF INDIA on Sat Dec 17, 2011 3:29 pm

parinita


1--RBI IS THE CENTRAL BANK OF INDIA

2--ESTABLISHMENT---1 APRIL 1935

3--HEAD OFFICE---MUMBAI

4--NATIONALISED IN---1949

5--CURRENT GOVERNOR--DUVVURI SUBBARAO

6--WORKS ON MINIMUM RESERVE SYSTEM---MINIMUM RESERVE OF RS 200 CRORE
WHICH INCLUDES==RS 115 CRORE GOLD RESERVE AND RS 85 CRORE GOVERNMENT SECURITIES

4 FUNCTIONS OF RBI on Sun Dec 18, 2011 2:07 pm

parinita


The functions of the Reserve Bank today can be categorised as follows:
1- Monetary policy
2- Regulation and supervision of the banking and non-banking financial
institutions, including credit information companies
3- Regulation of money, forex and government securities markets as also
certain financial derivatives
4- Debt and cash management for Central and State Governments
5- Management of foreign exchange reserves
6- Foreign exchange management—current and capital account management.
7- Banker to banks
8- Banker to the Central and State Governments
9- Oversight of the payment and settlement systems
10- Currency management
11- Developmental role
12- Research and statistics

5 TYPES OF CAPITAL on Sun Dec 18, 2011 2:31 pm

parinita


The following different terms are used to denote different aspects of share capital:-

1.Nominal, authorised or registered capital ---means the sum mentioned in the capital clause of Memorandum of Association. It is the maximum amount which the company raise by issuing the shares and on which the registration fee is paid. This limit is cannot be exceeded unless the Memorandum of Association is altered.


2.Issued capital ---means that part of the authorised capital which has been offered for subscription to members and includes shares alloted to members for consideration in kind also.


3.Subscribed capital ----means that part of the issued capital at nominal or face value which has been subscribed or taken up by purchaser of shares in the company and which has been alloted.



4.Called-up capital---- means the total amount of called up capital on the shares issued and subscribed by the shareholders on capital account. I.e if the face value of a share is Rs. 10/- but the company requires only Rs. 2/- at present, it may call only Rs. 2/- now and the balance Rs.8/- at a later date. Rs. 2/- is the called up share capital and Rs. 8/- is the uncalled share capital.



5.Paid-up capital---- means the total amount of called up share capital which is actually paid to the company by the members.
In India, there is the concept of par value of shares. Par value of shares means the face value of the shares. A share under the Companies act, can either of Rs10 or Rs100 or any other value which may be the fixed by the Memorandum of Association of the company. When the shares are issued at the price which is higher than the par value say, for example Par value is Rs10 and it is issued at Rs15 then Rs5 is the premium amount i.e, Rs10 is the par value of the shares and Rs5 is the premium. Similarily when a share is issued at an amount lower than the par value, say Rs8, in that case Rs2 is discount on shares and Rs10 will be par value.

6 USEFUL TERMS FOR BANK INTERVIEW on Mon Dec 19, 2011 4:17 pm

jenindra


thank u very much , good job keeep rock
regards

7 Re: USEFUL TERMS FOR BANK INTERVIEW on Tue Dec 20, 2011 1:31 am

parinita


THANX JINENDRA FOR APPRECIATION

8 WHAT IS A CHEQUE AND ITS TYPES on Tue Dec 20, 2011 1:44 am

parinita


Cheque is an instrument in writing containing an unconditional order, addressed to a banker, sign by the person who has deposited money with the banker, requiring him to pay on demand a certain sum of money only to or to the order of certain person or to the bearer of instrument


TYPES OF CHEQUES----


1. Bearer Cheque

When the words "or bearer" appearing on the face of the cheque are not cancelled, the cheque is called a bearer cheque. The bearer cheque is payable to the person specified therein or to any other else who presents it to the bank for payment. However, such cheques are risky, this is because if such cheques are lost, the finder of the cheque can collect payment from the bank.


2. Order Cheque

When the word "bearer" appearing on the face of a cheque is cancelled and when in its place the word "or order" is written on the face of the cheque, the cheque is called an order cheque. Such a cheque is payable to the person specified therein as the payee, or to any one else to whom it is endorsed (transferred).



3. Uncrossed / Open Cheque

When a cheque is not crossed, it is known as an "Open Cheque" or an "Uncrossed Cheque". The payment of such a cheque can be obtained at the counter of the bank. An open cheque may be a bearer cheque or an order one.




4. Crossed Cheque

Crossing of cheque means drawing two parallel lines on the face of the cheque with or without additional words like "& CO." or "Account Payee" or "Not Negotiable". A crossed cheque cannot be encashed at the cash counter of a bank but it can only be credited to the payee's account.



5. Anti-Dated Cheque

If a cheque bears a date earlier than the date on which it is presented to the bank, it is called as "anti-dated cheque". Such a cheque is valid upto six months from the date of the cheque.



6. Post-Dated Cheque

If a cheque bears a date which is yet to come (future date) then it is known as post-dated cheque. A post dated cheque cannot be honoured earlier than the date on the cheque.



7. Stale Cheque

If a cheque is presented for payment after six months from the date of the cheque it is called stale cheque. A stale cheque is not honoured by the bank.


Sponsored content


View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum