Insurance companies collect a fixed amount from its customers at a fixed interval of time, is called premium. The full form of ESOP is Employee Stock Options . When the ATM machine installed in the bank is out of order or…
Showing posts with label Express Bites. Show all posts
Showing posts with label Express Bites. Show all posts
March 21, 2017
Monthly Express Bites contains Banking and Computer Awareness one-liners.
March 21, 2017
The full form of GML is Generalised Markup Language. W3C ( World Wide Web Consortium) - an independent standard body composed of university researches and industry practitioners that is devoted to setting effective stan…
March 20, 2017
The full form of OECD is Organization for Economic Co-operation and Development. Market order - an order to buy or sell a security at the next available price. All market orders are day orders. Revolving credit is a bank …
March 18, 2017
Adware - it comes with programs that may be purchased or download on the internet. These are usually hidden in the system, so it is very difficult to remove these programs from your system. A directory is another name f…
March 17, 2017
The full form of WMF is World Monuments Fund . Teller is a staff member of a bank who accepts deposits, cashes, cheques and performs other banking services for the public. Reverse Repo Rate is the rate at which RBI borro…
March 14, 2017
The bank which was inaugurated by Mahatma Gandhi in 1919 is Union bank of India . When the ATM is connected to the bank’s database and provides online real-time access to the customers’ accounts, it is said to be Online …
March 10, 2017
LP. Parthasarathi committee is a committee on data standardization. DICGC (Deposit Insurance and Credit Guarantee Corporation) is a subsidiary of Reserve Bank of India, headquartered in Mumbai. It provides insurance of …
March 09, 2017
Howard Akin of Harvard university develop Harvard Mark - I . This was the first machine ever to execute pre programmed instructions without manual interface. A minicomputer may be defined as a small general purpose compu…
March 08, 2017
A legal action in which a person who is not able to repay his loans satisfactorily is declared bankrupt by a court order. Basis point - one-hundredth of one percentage point (i.e.0.01%), normally used for indicating spre…
March 07, 2017
Wi-Fi (Wireless fidelity) is also known as wireless networking, commonly using 802.11b protocol. Hardware that displays the Wi-Fi claims 802.11b compliance should interconnect seamlessly. The full form of HTTP is Hyper …
March 04, 2017
Full form of UIDAI is Unique Identification Authority of India. Debenture is a stock that a company issues which are backed by assets. Unit banking tends to be localized; each bank maintains a single office. In exceptio…
March 03, 2017
Cache memory is a small, high speed RAM buffer located between the CPU and the main memory. It buffers or holds a copy of instructions currently being used by the CPU. EEPROM (Electronically Erasable PROM) is a type of …
March 02, 2017
Hard loan is a loan whose commercial rate of interest is changed and no concessions are given to the debtor. E-Lobby is a new facility provided by the bank to empower all customers to do their banking transactions as pe…
March 01, 2017
Microcomputer is the smallest general purpose processing system that can execute program instructions to perform a variety of tasks. They are further classified as personal computer and home computers. Normally it is a …
February 28, 2017
Mainframe is the heart of a network of computer. It is used by large organizations; it allows hundreds of people to work at the same time on the same time. The latest one can support over 25000 users and it spread over …
February 27, 2017
South Indian bank is the first among the private sector banks in Kerala to become a scheduled bank in 1946 under the RBI Act. It has headquarters in Trissur . Tagline of this bank is ‘ Experience next generation Banking’. …
February 24, 2017
Full Form of IRR is Internal Rate of Return Bad credit is a term used to describe a poor credit rating including an account in default. Through Cross Currency Options , RBI has allowed Indian companies to hedge exchange r…
February 18, 2017
In hexadecimal numbering system, we use numbers from 0 to 9 and capital letters A to F. India’s first computer was installed at Indian Statistical Institute at Calcutta in 1955. The ascending order of a data hierarchy is: …
February 16, 2017
An open-ended fund or scheme is one that is available for subscription and repurchase on a continuous basis. These schemes do not have a fixed maturity period. Investors can conveniently buy and sell units at Net Asset …
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Ramandeep Singh
Educator & Banking Expert
I'm Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and over 5000 successful selections, I understand the path to success firsthand, having transitioned from Dena Bank and SBI. I'm passionate about helping you achieve your banking and insurance dreams.
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