Mutual Fund is a pool of fund where investors invests their money for a common objective.
Benefits of Mutual funds
Exempted under section 80(C)
Managed by experts
Index funds are safest because money is invested in all index stocks. The rise or fall of value align with index.
Insurance Regulatory And Development Authority (IRDA) is the sole authority to regulate the insurance industry in India , to ensure the growth of insurance industry and protect the interest of policy holders.
In Derivative market the value of the instruments bought and sold is based on value of the underlying asset. The value of the instrument is ‘derived’ from the value of the underlying asset and hence it is known as Derivatives.
An Option give right to Option Holder to buy or sell a commodity during a certain period of time or on a specific date.
Yes, this job me a lot to me. I can move anywhere.
Call option - An option which gives right to the Option Holder to buy a certain stock at specified time and specified date
Put option - An option which gives right to the Option Holder to sell a certain stock at specified time and specified date
Gross Domestic Product is the sum of all the goods and services produced within physical borders of a country in within a specific period of time.
NABARD is the apex institution for the development of farm sector , cottage industries and small scale industries in rural areas.
Commercial paper is a short term unsecured debt instrument.
Government revenue generation and spending policies that impact the macro economy.
Goods and Services Tax, decision on this tax is pending. GST is going to replace all indirect taxes.
GNP = GDP + Income of residents overseas -Income of Foreigners within the borders of domestic economy
Financial messaging network which exchanges messages between banks and financial institutions
Cash Reserve Ratio is percentage of customer's deposits with commercial banks that they need to deposit with RBI. Right now it's 4%.
I can see a better and prosperous career in banking industry.
Policy by which a central authority attempts to control liquidity and interest aimed high growth rate and price stability.
Tax levied on providing services in India, Rate is 12% + 0.36% for Education Cess.
He is not making much money so he ordered me to do a job.
NPA stands for Non-Performing Assets.
Bank gives lo and advances to it's customers. These lo and advances are bank's assets. When the customers don't repay back the bank's money they don't perform. Such assets are known as Non-Permoerming Assets.
As competition in banking exams in fierce, I was preparing for bank exams and a job could distract me from my mission. I concentrated on bank exams preparations only.
Excess of government expenditure over revenue
RuPay is India’s own card payment system launched by National Payments Corporation of India (NPCI)
Public Provident Fund is a tax saving investment for individuals.
Because this industry is growing steadily and there would be no limit to my career growth. Further I need stability in my career.
Statutory Liquidity Ratio is the percentage of liabilities and time deposits that commercial banks need to keep with them in form of Cash, Gold or Government approved securities. Right now SLR is 22%
It is the process of converting the physical share certificates into equivalent number of electronic holdings
Rate at which RBI lends money to commercial banks without any security.
Buying and selling of government securities and bonds in open market by Government to maintain desired liquidity levels.