Holi Offer - Use Code HOLI24

Register Now

Bank ExamsToday Express Bites: Part 9

Published on Tuesday, February 14, 2017

  1. CPI stands for Consumer Price Index. Inflation is measured using CPI. The percentage change in this index over a period of time gives the amount of inflation over that specific period, i.e. the increase in prices of a representative basket of goods consumed.
  2. The difference between total revenue and total expenditure of the government is termed as fiscal deficit. It is an indication of the total borrowings needed by the government.
  3.  Headquarters of Corporation bank is in Mangalore and its tagline is "A premier public sector bank"
  4. Government budget is an annual statement, showing the item-wise estimation of receipts & expenditure during a fiscal year.
  5. Second Time Nationalization of 6 banks was conducted in 1980.
  6. Bank of Bombay , Bank of Madras and Bank of Bengal formed the Imperial Bank of India in 1921.
  7. When RBI came into existence on 1 April 1935 it was Privately Owned. In 1949 it was nationalised.
  8. Reverse repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) borrows money from commercial banks within the country. It is a monetary policy instrument which can be used to control the money supply in the country.
  9. Bancassurance means selling insurance product through banks. Banks and insurance company come up in a partnership wherein the bank sells the tied insurance company's insurance products to its clients.
  10. Audit is the examination or inspection of various books of accounts by an auditor followed by physical checking of inventory to make sure that all departments are following documented system of recording transactions. It is done to ascertain the accuracy of financial statements provided by the organisation.
  11. Term insurance is life insurance policy which offers death benefit to the insured in case of unforeseen circumstances. However there is no survival,benefit if he outlives the policy term.
  12. The highest denomination note of Rs. 10,000 was printed first time by RBI in 1938.
  13. Soiled notes are the notes which becomes dirty due to usage and it also include a two piece note pasted together.
  14. Prime Lending Rate is the rate at which banks lend to their best (prime) customers. It is usually less than normal interest rate.
  15. "CIBIL" stands for Credit Information Bureau India Limited, now known as TransUnion CIBIL Limited. It is India's first Credit Information Company(CIC). CIBIL collects and maintains records of an individual's payments pertaining to loans and credit cards.

Test Your Memory: Take Quiz


CPI Stands for
a. Consumer Price Index
b. Customer Price Index
c. Consumer Productivity Index
d. Customer Productivity Index


The difference between total revenue and total expenditure of the government is termed as
a. Revenue Deficit
b. Revenue receipt
c. Fringe benefit
d. fiscal deficit


"A premier public sector bank" is the tagline of
a. Bandhan Bank
b. Corporation Bank
c. Syndicate Bank
d. Indusland Bank


How many banks were nationalised during second phase of nationalisation in 1980?
a. 10
b. 12
c. 6
d. 9


Which of the following bank was not included in the three banks that formed Imperial Bank of India in 1921?
a. Bank of Madras
b. Bank of Bombay
c. Bank of Baroda
d. Bank of Bengal


In which year was RBI nationalised?
a. 1949
b. 1948
c. 1946
d. 1945


_______ is the rate at which the central bank of a country (Reserve Bank of India in case of India) borrows money from commercial banks within the country.
a. Interest Rate
b. Bank Rate
c. Repo Rate
d. Reverse Repo Rate


Term Bancassurance refers to the selling of
a. securities
b. insurance products
c. letter of credits
d. shares


The highest denomination note of Rs. 10,000 was printed first time by RBI in
a. 1935
b. 1943
c. 1956
d. 1938


____________are the notes which becomes dirty due to usage and it also include a two piece note pasted together.
a. Mutilated Notes
b. Soiled Notes
c. Brittle Notes
d. Spoiled Notes


Idia's first Credit Information Company(CIC) is
a. CIBIL
b. IFFCO
c. Cofac
d. JBBK

ebook store

About us

ramandeep singh

Ramandeep Singh is a seasoned educator and banking exam expert at BankExamsToday. With a passion for simplifying complex concepts, he has been instrumental in helping numerous aspirants achieve their banking career goals. His expertise and dedication make him a trusted guide in the journey to banking success.

  • Follow me:
Close Menu
Close Menu