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Wednesday, December 12, 2012

IBPS BANK EXAMINATIONS RAPID READING EXERCISE- PART: 016







01.            Shiksha Sahyog Yojana – SSY was launched during the year 2001-2002 with an objective to provide education for children living below poverty line
02.            Sampoorna Gramin Rojgar Yojana - SJRY was launched during the year, 2001 for providing employment and food security
03.            Jai Prakash Rojgar Guarantee Yojana-  JPRGY was launched during the year 2002-2003 to provide employment guarantee to unemployed in the most backward districts in the country
04.            National Food for work programme – NFFWP was launched during the year 2004 – to intensify the generation of supplementary wage employment
05.            Bharat Nirman Programme - BNP was launched during the year 2005 – for the development of rural infrastructure including six components: irrigation, water supply, housing, road, telephone and electricity
06.            National Rural Health Mission -  NRHM was launched during the year 2005 to provide accessible, affordable and accountable quality health services to the poorest households in the remotest rural regions
07.            Jawaharlal Nehru National Urban Renewal Mission was launched during the year, 2005-2006 to assist cities and towns in taking up housing and infrastructural facilities to the urban poor
08.            National Rural Employment Guarantee Act – NREGA was launched during the year, 2006 to provide at lest 100 days wage employment in rural areas
09.            Ujjwala scheme was launched during the year, 2007 for the prevention of trafficking and rescue, rehabilitation and reintegration of victims of trafficking for commercial sexual exploitation
10.            Aam Aadmi Bhima Yojana – AABY was launched during the year, 2007 – to provide insurance to the head of the family of rural landless households in the country against death and disability
11.            Rashtriya Swasthiya Bima Yojana – RSBY was launched during the year, 2007. As per the scheme the workers and their family members in the unorganized sector, living below poverty line will be covered for health care, smart cards to be issued to the beneficiaries to enable cash less transaction – the total sum assured is Rs. 30000 per family per annum. Central and state share is 75:25
12.            Indira Gandhi National Old Age Pension Scheme – IGNOAPS was launched during the year, 2007 to provide monthly pension of Rs. 200 to those people living below poverty line, who has crossed 65 years of age
13.            Unorganised workers social security act was launched during the year 2008 to provide social security to the poor workers and their families working in un-organised sector
14.            Indira Gandhi National Widow Pension Scheme and Indira Gandhi National Disability Pension Scheme were launched during the year, 2009 to provide pension of Rs. 200 to widows between the age group 40-64 years and disability pension scheme aims to provide pension to severely disabled persons.
15.            Pradhana Mantri Adarsh Gram Yojana was launched during the year, 2009 – with the main objective for integrated development of 1000 villages having population of scheduled castes above 50%
16.            Sarva Siksha Abyan was launched during the year 2010-2011 to provide scholarship for SC/ST students of classes IX and X
17.            MGNREGA was launched during the year 2011 – to increase the remuneration of Anganwadee workers from Rs. 1500 to 3000 per month and for Anganwadee helpers from Rs. 750 to Rs. 1500 per month
18.            Indira Gandhi Old Age Pension Scheme – IGNOAPS was launched during the year 2011 to provide monthly pension of Rs. 500 to those people living below poverty line who has crossed 60 years of age.
19.            NSE – National Stock Exchange was incorporated in 1992
20.            NSE was incorporated by Industrial Development Bank of India, Industrial Credit and Investment Corporation of India, Industrial Finance Corporation of India, all insurance coporations, selected commercial banks and others.
21.            NSE provides exposure to investors in two types of markets namely; wholesale debt market and capital market
22.            Capital market is the market for long term funds
23.            A savings bank is a financial institution whose primary purpose is to accept savings deposits
24.            A commercial bank is an institution which accepts deposits, makes business loans and offers related services.
25.            Development Banks are those financial institutions engaged in the promotion and development of industry, agriculture and other key sectors
26.            Development banks are IFCI; ICICI and IDBI
27.            IFCI – Industrial Finance Corporation of India
28.            ICICI – Industrial Credit and Investment Corporation of India
29.            IDBI – Industrial Development Bank of India
30.            Cooperative Banks are registered under the Cooperative Societies act, 1912
31.            The following are the functions of exchange banks – remitting money from one country to another country, discounting of foreign bills, buying and selling gold and silver and helping import and export trade
32.            The functions of banks can be classified into three parts namely; primary functions, secondary functions and social/development functions
33.            The primary functions are – accepting deposits and advancing loans
34.            The different types of deposit accounts are: Term deposits namely – Fixed deposit, Reinvestment deposit and Recurring deposit; current account; savings deposit and demat account
35.            The different types of loans are – cash credit, overdraft, loans and advances, discounting of the bill of exchange and investment in government securities
36.            The secondary functions can be classified into agency or representative functions, general utility services and social/developmental functions
37.            Agency or representative functions include – collection and payment of various items; purchase and sale of securities; trustee and executor services; remitting money; purchase and sale of foreign exchange; letter of references and other agency functions
38.            General utility services include – locke facilities, business information and statistics; help in transportation of goods; acting as a referee; issuing letters of credit; acting as underwriters; issuing of travelers cheques and credit cards; issuing gift cheques, dealing in foreign exchange and merchant banking services.
39.            The social development functions include – capital formation, inducement to innovations, impact on the rate of interest, role in the development of rural sector and helpful in pushing up the demand
40.            E-banking is also called as virtual banking
41.            The popular services which are covered under e-banking are: automated teller machine, debit card, electronic funds transfer, mobile banking, telephone banking, credit card, smart card, cheques truncation payment and internet banking
42.            Securities and Exchange Board of India – SEBI was established in 1992
43.            Control of capital issues was the regulatory authority before SEBI came into existence
44.            SEBI has to be responsive to three groups namely; the issues of securities; the investors and the market intermediaries
45.            PMAC – Primary Market Advisory Committee
46.            SMAC – Secondary market advisory committee
47.            SCODA – SEBI committee on disclosures and accounting standards
48.            SIDBI – Small Industries Development Bank of India – SEBI was established in 1989
49.            IRBI – Industrial Reconstruction Bank of India has been reconstituted into a full fledged all purpose develop;ment bank on 27.03.1997 under the companies act and it is now known as Industrial Investment Bank olf India Limited.
50.            National Housing Bank was established in July 1988 under National Housing Bank act 1987

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