IBPS PO 2017 DAY 2...

   
       Click Here To Download Our App   



1).  Study the following information carefully to answer the given questions:

There are six persons- Aarthi, Shreya, Kavya, Vidya, Diya and Madhu living in a triple floor building with six flats. The floors are Ground, Middle and Top, each having two flats. Those who have four or more books occupy the top floor and go by different Vehicles. The one who is in engineering department in a company goes by Cycle and she is not  Madhu while the one who is in Computer department of a company goes by Bus, Both of them occupied same floor. Shreya who is in Science department has three books and not stayed in the Top floor.  Kavya, an unmarried woman, does not have any book, occupies the middle floor. Diya and Madhu have Round purses while the rest have Square purses. Vidya, a middle floor occupant, goes by Car. One of the two persons having two books goes by Bike and is in Agri department in a company also occupied in ground floor. Two persons, of whom one is in Commerce department, do not go by Vehicles.


2)..
Study the following information carefully to answer the given questions:

There are seven people M, N, O, P, Q, R and S. They like different Mobiles, Banks and were born in different States and months. They all were born in the same year. One of the Mobiles is HTC. One of the States is Maharashtra. One of the Banks is Bank of India. One of the persons was born in the month of September. The following information is known about them. R was born either in Tamil Nadu or in Goa. The one who was born in the month of May likes Indian Bank and Apple mobile and is either O or S. P is not the one who likes Syndicate Bank. The one who likes Canara Bank likes LeEco mobile. The one who was born in Goa is the youngest one and is either N or S. The one who likes Dena Bank was born in Rajasthan but is not N. Q was born in the month of February. P was born in Bihar in the month of July and likes Micromax mobile. The one who likes Vijaya Bank was born in November but is not the youngest person. N likes Motorola mobile. The one who likes Canara Bank was born in Punjab but that person is not O who likes Nokia mobile. The youngest person likes Syndicate Bank and he is not S.The one who was born in Kerala likes Samsung mobile but is not Q. R is the second youngest person. The one who likes UCO Bank is one month younger than Q .

3)..

Study the information and answer the given questions:

There are eight people A, B, C, D, E, F, G and H. They all were born on different years viz 1947, 1953, 1958, 1967, 1974, 1982, 1994 and 2002 but not necessarily in same order. But the date and month of birth of all these persons are same. Calculation is done with respect to the present year 2017 and assuming months and date to be same. The difference between the age of A and C is perfect cube. D’s age is multiple of 5 but D is not the oldest person. The difference of age between D and A is equal to age of D. Age of F is equal to the difference between the age of D and G. B is second youngest among all of them. Difference of age between B and H is perfect square.

Quantitative Aptitude :-

1). A shopkeeper increased the price of a product by 27% due to which a customer found it difficult to purchase the required amount. But somehow the customer purchased only 75% of the required amount. What is the net percentage difference in the expenditure on that product?

a)    4.75%

b)    5.7%

c)    3.82%

d)    8.9%

e)    12.32%

2). By selling 15 bananas, a fruit seller gains the selling price of 1 banana. Calculate his gain percentage.

a)    5.3%

b)    7.14%

c)    4.75%

d)    8.6%

e)    9.25%

3). The difference between CI and SI for 3 years @ 25% pa is RS.585. What is the principal lent out in each case?

a)    RS.3086

b)    RS.2465

c)    RS.3420

d)    RS.2880

e)    RS.2795

4). A can do a piece of work in 28 days. If B is 40% more efficient than A then the number of days required by B to do the same piece of work is

a)    18 days

b)    15 days

c)    20 days

d)    22 days

e)    25 days

5). In a race of 1200 metres Ramesh gives Suresh a start of 300m and then loses the race by 30 seconds. What is the difference between the speed of Suresh and Ramesh if the ratio of the speeds is 5:6?

a)    3 m/s

b)    5 m/s

c)    8 m/s

d)    12 m/s

e)    15 m/s

6). 450 men took a dip in a water tank at a time, which is 150m * 60m. What is the rise in the water level if the average displacement of 1 man is 5m3?

a)    15 cm

b)    30 cm

c)    18 cm

d)    28 cm

e)    25 cm

7). Two dice are tossed simultaneously. Find the probability of getting at least one 5.

a)    13/36

b)    11/36

c)    22/36

d)    29/47

e)    8/51

8). The sum of two numbers is 24.The greatest product of these two numbers can be

a)    81

b)    144

c)    100

d)    169

e)    Can’t be determined

9). Shyama saves Rs.32 by getting 8.5% discount on a text book. What is the amount of money (in Rs) paid by him? (Approximately)

a)    344

b)    375

c)    328

d)    389

e)    329

10). The circumference of two circles is 132 cm and 308 cm respectively. What is the difference between the area of the larger circle and that of the smaller circle?

a)    5936 cm2

b)    5879 cm2

c)    6160 cm2

d)    5286 cm2

e)    4950 cm2

ENGLISH :-

Directions (1-15): In the following questions, two sentences are given. There may be an error in the sentence(s). mark your answer accordingly from the given options. 

Q1. I. Although Ram was innocent, baseless accusations were leveled at him.
II. Despite of repeated representations from the ISRO, the authorities have failed to take any action.
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) If there are more than two errors in either of the sentence.


Q2. I. I deem it as a privilege to attend the meeting.
II. Success can be achieved with practice.
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) If there are more than two errors in either of the sentence.

Q3. I. Sita has great skill for painting.
II. Having overslept himself, Harish missed his train.
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) If there are more than two errors in either of the sentence.

Q4. I. Ishan is interested in painting from his childhood.
II. Life was a hard struggle for Himani; but ultimatelyshe emerged victorious.
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) If there are more than two errors in either of the sentence.

Q5. I. One cannot make a success of his career, unless he works hard.
II. In spite of he being very tired, he kept on working.
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) If there are more than two errors in either of the sentence.

Q6. I. By virtue of the power vested in me, I hereby order his imprisonment.
II. He succeeded by his acute perseverance and sheer hard work.
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) If there are more than two errors in either of the sentence.

Q7. I. Napoleon had a genius by military tactics.
II. Without doubt he is a genius for mathematics.
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) If there are more than two errors in either of the sentence.

Q8. I. As you have made your bed so you must lie on it.
II. So good a man is he that all respect him.
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) If there are more than two errors in either of the sentence.

Q9. I. Had I not seen this with my own eyes I will not have believed it.
II. Whichever road we take we shall be too late.
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) If there are more than two errors in either of the sentence.

Q10. I. No doubt he has achieved much, but I cannot give him credit for all that he boasts for.
II. The despotism of custom is everywhere the standing hindrance by human achievement.
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) If there are more than two errors in either of the sentence.

Answer: Reasoning

Answers: Quantitative Aptitude

1). a) 2). b) 3). d) 4). c) 5). a) 6). e) 7). b) 8). b) 9). a) 10). c)

Answer: English

1). C) 2). C) 3). C) 4). A) 5). C) 6). B) 7). C) 8). C) 9). C) 10). C)

IBPS PO 2017 DAY 1..

       Click Here To Download Our App   





I. Study the following information carefully to answer the given questions

A, B, C, D, E, F and G are seven people live on seven different floors of a building but not necessarily in the same order. The lowermost floor of the building is numbered 1, the one above that is numbered 2 and so on till the topmost floor is numbered 7. Each one of them earns different amount per month. i.e. 20000, 15000, 10000, 25000,30000, 35000 and 40000. (But not necessarily in the same order.). Each person likes different e-commerce websites namely Myntra, Shopclues, Jabong, Snapdeal, Flipkart, Amazon, and E-bay.

Three persons live between the one who likes Myntra and the one who likes Shopclues. The one who likes Myntra lives one of the floors above the floor numbered 4. Three persons live between the one who likes Flipkart and the one who likes Ebay. The person who lives on the ground floor does not like neither Jabong nor Shopclues. The one who likes Jabong lives on one of the floors below the floor numbered 4. The person who likes Amazon does not live on one of the floors below the floor numbered 4. The person who likes Myntra and Flipkart live on one of the floors above the floor numbered 4. The one who earns Rs.20000 lives immediately above the one who earns Rs.40000. The one who earns Rs.15000 lives on one of the odd numbered floors above D. Only three people live between C and the one who earns 15000. The one who earns Rs.10000 lives immediately above C. F earns 10000. Three persons live between the one who likes Amazon and the one who likes Jabong. Only one person lives between B and E. B lives on one of the floors above E. Neither C nor A earns Rs.25000. E does not earn Rs. 10000. A lives on an odd numbered floor but not on the floor numbered three. The one who earns Rs.30000 lives immediately above A. Only two people live between A and the one who earns Rs.10000.





Directions :- Study the following information carefully and answer the questions given below:

Raju, Jyoti, Mohan, Roshan, Kiran, Kamal and Tony organize seminars in seven different schools, viz A, B, C, D, E, F and G on different days of the week from Monday to Sunday but not necessarily in the same order. Jyoti organizes the seminar in school D on Wednesday. Kiran doesn't organize seminar in school A or C but organizes on the next day on which Roshan organizes the seminar in school F. Tony organizes the seminar in school E on Friday. Kamal organizes the seminar on Monday but not in school C or G Mohan organizes the seminar in school A but not on Tuesday. Raju does not organize the seminar in school G.


 Direction (1-5) :- In each of these questions, two equations (I) and (II) are given. You have to solve both the equations and given answer:


1.I. x² − 6x = 7
II. 2y² + 13y + 15 = 0.
If x< y
If x > y
If x = y, or no relation can be established between x and y
If x ≥ y
If x ≤ y


2. I. 3x² − 7x + 2 = 0
II. 2y² − 11x + 15 = 0.
If x< y
If x > y
If x = y, or no relation can be established between x and y
If x ≥ y
If x ≤ y


3. I. 10X² − 7x + 1 = 0
II. 35y² − 12y + 1 = 0
If x< y
If x > y
If x = y, or no relation can be established between x and y.
If x ≥ y
If x ≤ y


4. I. 4x² = 25
II. 2y² − 13y + 21 = 0.
If x< y
If x > y
If x = y, or no relation can be established between x and y
If x ≥ y
If x ≤ y


5. I. 3x² + 7x = 6
II. 6(2y² + 1) = 17y
If x< y
If x > y
If x = y, or no relation can be established between x and y
If x ≥ y
If x ≤ y



Direction (6-10): What value should come in place of the question mark (?) in the following number series?


6. 122, 62, 32, ?, 9.5, 5.75

7. 1, 1, 2, 8, 64, ?, 32768

8.67, 81, 87, 162, 504, 1992, 9990, ?.

9. 49, 72, 118, ?, 394, 762, 1498.

10. 40,326, ? ,29418, 323607






Directions (11-15): In the passage given below there are 5 blanks, each followed by a word given in bold. Even blank has four alternative words given in options (A),(B),(C) and (D). You have to tell which word will best suit the respective blank. Mark (E) as your answer if the work given in bold after the blank is your answer i.e “No change required”.


Barely three or four officers were inducted into the Indian Foreign Service (IFS) in the initial years after Independence. With periodic increases, this year the figure stands at 45. And the recent tweet by external affairs minister (11) [Inform] a possible reason why: she has reassured a man supposedly on Mars awaiting supplies from Mangalyaan II that “even if you are stuck on the (sic) Mars, Indian Embassy there will help you”. The implication is that a vanguard of doughty Indian diplomats (12) [Will have been] stationed on the red planet by the time it becomes a regular — if inhospitable destination for intrepid earthlings. Diplomats readily vouch that there are (13) [Uniformly] desolate places right on this planet that has Indian embassies, so Mars would not be that much of a stretch. If planets are also to have Indian diplomats, it means larger batches every year, as Earth itself is getting (14) [Extra] independent countries. And Indian embassies can no longer be absent from any of them as Indian citizens are present practically everywhere and there’s no telling who will tweet the next SOS from some remote place. Of course, (15) [From] the case of Mars and other planetary postings, who the diplomats would deal with as part of their quotidian work is also moot, as bailing out Indians in distress is only one aspect of their responsibilities.


11. ?
Reveals
Bring to light
Impart
Concern
No Changes Required


12. ?
Will
Will be
Would be
Will have been
No Changes Required


13. ?
Equally
Equivalently
Impartially
Generally
No Changes Required


14. ?
Much
More
Few
Some
No Changes Required


15. ?.
At
In
On
there
No Changes Required





Solutions:-

1)x>y

2)x<y

3)x≥y

4)x<y

5) Relation can't be established

6)17

7)1024

8)59904

9)210

10)2941

11) Reveal

12) Will Be

13) Equally

14) More

15) In

Maths Questions for IBPS PO Pre 2017 Part (3)

Hello Aspirants.

Welcome to Online Quantitative Aptitude Section . Here we are creating question sample in Simplification. We have included Some questions based on latest pattern !!!

       Click Here To Download Our App   


1) 72.42 + 385.66 + 4976.38 = ?
A. 5436.46
B. 5432.46
C. 5433.46
D. 5434.46
E. None of these



2) (9.8 * 2.3 + 4.46) ÷ 3 = 3^?
A. 2
B. 3
C. 4
D. 1
E. None of these




3) (656 ÷ 164)² = √?
A. 4
B. 16
C. 256
D. 400
E. None of these



4) 8934 – 3257 + 481 = ? + 2578
A. 3250
B. 3580
C. 3560
D. 3480
E. 3520



5) (?)¼÷8 = 48÷(?)¾
A. 324
B. 364
C. 384
D. 374
E. 314



6) 12.5% of 350 * 8.4% of 250 = ?
A. 912.75
B. 915.75
C. 913.75
D. 918.75
E. 916.75



7) (331 + 19)*(15 – 11)*(37 + 13) = ?
A. 67600
B. 70000
C. 69850
D. 72000
E. None of these



8) √((444)÷37 + 15 + 11 * (?)) = 7
A. 5
B. 3
C. 2
D. 4
E. None of these




9) 3/14 of 5/13 of 6/7 of 3822 = ?
A. 220
B. 250
D. 240
E. 260


10) 69.69 – 51.54 + 73.65 = ? + 32.42
A. 26.38
B. 32.38
C. 43.38
D. 57.38
E. 59.38



Answer ----

1) D
2)A
3)C
4)B
5)C
6)D
7)B
8)C
9)C
10) C

Puzzle Questions for IBPS PO 2017 Part (4)

       Click Here To Download Our App   

Directions (1–5): Study the following information carefully to answer the given questions.

In Year 2016, seven persons viz. P, Q, R, S, T, V and W donated some money to a charitable trust on different months of the year starting from January and ending on November. Some of them are females and some of them are male. Their contribution,(in rupees) are – 5000, 500, 40, 1600, 80, 40 and 2500. V made his donation in June. Two donations were made between the donations made by V and P. On the first month of the year, a male made a contribution of 5000 rupees. S did not made his donation on a month after the donation of Q. None of the given person made his contribution in a month which has 28 days. There are two such cases where the difference in the number of days of the months of two successive donations is zero. In one such case, the months are consecutive months of the year. The contribution of Rs 500 was made in November month. The sum of contributions of W and Q is equal to that of S. Contribution by a female is always preceded and succeeded by the contribution of a male. T is the only female who cannot be succeeded by any one. P is the only male which is followed by another male. Only one donation is made between the donations made by T and S. The donation of the male who donated his money on June is the perfect square of the donation made on August. The donation by T is not made on the month immediately before or immediately after the month when V made his donation (considering only those month in which the donations were made. R donated money immediately before W. Only three persons made their contribution in a month which has 31 days.

Q1. As per the given arrangement which of the following combination represents only the people who are females?

(a) T, V

(b) Q, P, T

(c) V, W, R

(d) P, T

(e) W, T, S

Q2. As per the given arrangement which of the following person represent the one who was donated money in between the W and S?

(a) U

(b) P

(c) R

(d) V

(e) W

Q3. Who among the following is a female?

(a) P

(b) R

(c) S

(d) All of the Above

(e) Other than those given as options

Q4. Which of the following combinations is correct as per the given arrangement?

(a) January – P

(b) February – W

(c) April – Q

(d) June – S

(e) July – T

Q5. Who amongst the following is male who donated 2500 Rs?

(a) R

(b) V

(c) U

(d) W

(e) T

Directions (6-10): These questions are based on the following information.

‘science makes us evil’ is written as- 7V 13N 2F 4V 

‘nature is best healer’ is written as- 6V 2R 2Y 8S 

‘comfort lead to weakness’ is written as- 3X 12O 2L 23D 

‘dumber than your phone’ is written as – 4W 20G 25B 5V 

Q6. What can be the code for ‘Comfort zone ’?

(a) 12O 5V

(b) 12O 4V

(c) 3X 5A

(d) 3X 4V

(e) Can’t be determined

Q7. ‘7V’ can be the code of which of the following word?

(a) Justice

(b) Goov

(c) Ghost

(d) Gordona

(e) None of these

Q8. What is the code for ‘U Rock’?

(a) 2F I18

(b) 2G R9

(c) 2F R18

(d) 2M I18

(e) None of these

Q9. According to the given pattern, what is the code for ‘Phony’?

(a) 5V

(b) 5B

(c) 5Y

(d) 16V

(e) 16K

Q10. According to the following pattern, what is the correct letter for code ‘Phone is evil’?

(a) 5V 2R 4V

(b) 4W 2G 2F 

(c) 4W H8 2F

(d) 5V 2F 6V

(e) None of these

Directions (11-15): Each of the questions below consists of a questions and three statements numbered I, II, III given below it. You have to decide the data provided in which of the statements are sufficient to answer the questions and choose your answer accordingly.

Q11. How is Anil related to Dinesh?

I. Soni is the mother in law of Avni, the wife of Anil.

II. Soni’s brother is Anil’s maternal uncle.

III. Soni husband is the only son of Dinesh.

(a) Only I & II

(b) Only I & III 

(c) Only I & either II or III

(d) Any two of three

(e) The question cannot be answered even with the information in all three statements.

Q12. Point 'A' is in which direction with respect to Point `Z'? 

I.E is to the south of D, which is to the east of Z. 

II.A is to the west of F. 

III.A is to the southwest of D. 

(a) Only I and II 

(b) Only I and III 

(c) Any two of the three 

(d) All I, II and III 

(e) None of these

Q13. What is the code for “box” in a code language?

I. ‘light the box’ is written as ‘nik ta re’ in the code language.

II. ‘box is shop’ is written as ‘pe da ta’.

III. ‘some light box’ is written as ‘ma re ta’.

(a) Only I & II or II & III

(b) Only I & III

(c) Only II & III

(d) All I, II & III are necessary

(e) Question cannot be answered even with the information in all three statements.

Q14. G is in which directions with respect to H?

I. M is in north of R, who is to the West of H.

II. G is to the East of M.

III. G is to the North-East of R.

(a) Only I & II

(b) Only III

(c) Any two of three

(d) All I, II & III are necessary

(e) Question cannot be answered even with the information in all three statements.

Q15. What is Kamya’s rank form the top in the class of 45 students?

I. Kamya is five rank below Ram who is 15th from the bottom

II. Preeti is 30th from the top and Swati is 5th from the bottom

III. Kamya is exactly in the middle of Preeti & Swati

(a) Only I 

(b) Only II & III

(c) Either only I or only II & III

(d) Only I & either II or III 

(e) None of these

Solutions (1-5):

S1. Ans.(e) 
Sol. 

S2. Ans.(d)
Sol. 

S3 .Ans.(c) 
Sol. 

S4. Ans.(a)
Sol. 

S5. Ans.(a) 

Solution (6-10):
Words are coded as per following rules:
i. If the first or last letter of the word is a vowel, then number in the code represents the total number of alphabets in that word. On the other hand that particular vowel, which is either the first or last letter of the word is coded as:
A-Z, B-Y, C-X, D-W, E-V, F-U, G-T, H-S, I-R, J-Q, L-O, M-N 
For Example: US- 2F

ii. If the first and the last letter of the word are both consonants, then number in the code represents the ranking of the first alphabet of the word in the alphabetical series, while the alphabet of the code also represent the first alphabet of the word coded as:
 A-Z, B-Y, C-X, D-W, E-V, F-U, G-T, H-S, I-R, J-Q, L-O, M-N 
For Example: makes :13N

S6. Ans.(d)
Sol.   

S7. Ans.(a)
Sol

S8. Ans.(e)
Sol

S9. Ans.(e)
Sol.   

S10. Ans.(a)

Solutions (11-15):

S11. Ans.(b) 
Sol. Only I & III, Anil is grandson of Dinesh.

S12. Ans.(e)
Sol.

S13. Ans.(a)
Sol. Only I & II or II & III Code for Box is - ta 

S14. Ans.(e)
Sol.Question cannot be answered even with the information in all three statements.

S15. Ans.(c) 
Sol. From statement I
Rank of Ram from the top = 45 – 15 + 1 = 31

Rank of Kamya = 36th

List of Important Banking/ Economic Terminologies:

               Click Here To Download Our App    

ATM (Automatic Teller Machines): They are machines that dispense cash, receive cash, accept cheques, and give balance details and mini statements to the customers through Computer network

Bancassurance: It is the distribution of insurance products and the insurance policies of insurance companies by banks as corporate agents through their branches. Banks charge a fee for this service from insurance companies

Bouncing of a cheque: When an account has insufficient funds the cheque is not payable and is returned by the bank with a reason “Exceeds arrangement” or “funds insufficient”.

Bank Account: It is account of nominal interest which can only be used for personal purpose and which has some restrictions on withdrawal

Bank Rate: It is the rate of interest charged by a central bank to commercial banks on the advances and the loans it extends.

Basis Point: One-hundredth of 1% point normally used for indicating cost of finance

Balanced budget: A budget is said to be a balanced budget when current income is same as current expenditure.

Balance of Trade: Refers to the relationship between the values of country's imports and its export, i.e., the visible balance. These items only form part of the balance of payments which are (a) invisible items and (b) movements of capital.

Budget Deficit: When the expenditure of the Govt. exceeds the revenue, the balance between the two is the budget deficit.

Call Money: It is a loan that is made for a very short period of a few days only with a low rate of interest

Cheque: It is written by an individual to transfer amount between two accounts of the same bank or a different bank and the money is withdrawn from the account.

Core Banking: It is a general term used to describe the services provided by a group of networked bank branches

Core Banking Solutions (CBS): In this all the branches of the bank are connected together and the customer can access his/her funds or transactions from any other branch.

CRR (Cash Reverse Ratio): the amount of funds that a bank keep with the RBI. If the percentage of CRR increases then the amount with the bank comes down.

Current Account: It is an account that can be opened generally for business purposes with no restrictions on withdrawals and no interest paid

Debit Card: It is a card issued by the bank so the customers can withdraw their money from their account electronically.
Deflation: Decline in the general price level of goods and services leading to rise in the value (purchasing power). A method of statistical conversion of a series of data to compensate for the general rise in prices.

Demat Account: The way in which a bank keeps money in a deposit account in the same way the Depository Company converts share certificates into electronic form and keep them in a Demat account.

Dishonour of Cheque: Non-payment of a cheque by the paying banker with a return memo giving reasons for the non-payment

E-Banking: It is a type of banking in which we can conduct financial transactions electronically. RTGS, Credit cards, Debit cards etc come under this category.

EFT – (Electronic Fund Transfer): In this we use Automatic teller machine, wire transfer and computers to move funds between different accounts in different or same bank.

Fiscal policy:  Government's expenditure and tax policy, an important means of moderating the upswings and downswings of the business cycle.

Fiscal Deficit: It is the amount of Funds borrowed by the government to meet the expenditures.

Inflation: It is an increase in the quantity of money in circulation without any corresponding increase in goods thus leading to an abnormal rise in the price level

Initial Public Offering (IPO): It is the time when a company makes the first offering of the shares to the public.

Kiosk Banking: Doing banking from a cubicle from which food, newspapers, tickets, etc are also sold


Leverage Ratio: It is a financial ratio which gives us an idea or a measure of a company’s ability to meet its financial losses.

Liquidity: It is the ability of converting an investment quickly into cash with no loss in value.

Market Capitalization: The product of the share price and number of the company’s outstanding ordinary shares.

Mortgage: It is a kind of security which one offers for taking an advance or loan from someone.

Mutual Fund: These are investment schemes. It pools money from various investors in order to purchase securities.

Monetary Policy: it refers to the Central Government policy with respect to the quantity of money in the economy, the rate of interest and the exchange rate

Non-bank ATM / White labeled ATM: An ATM or cash machine that does not prominently display a bank’s name or logo. A fee will be charged for cash withdrawals in these ATMs and they don’t accept deposits

Non-performing Assets (NPAs): NPA or non-performing loans are loans given by a bank on which repayments or interest payments are not being made on time

Permanent Account Number (PAN): PAN is a number issued by the Income Tax Department to their tax payers.

Plastic Money: Plastic money is a name given to Credit cards, Debit cards, ATM cards anf International Cards issued by banks

Point of Sale (PoS): PoS refers to a location at which a payment of a card transaction occurs

Prime Lending Rate (PLR): Rate of interest at which a bank gives loan to its most reliable customer i.e., customer with ‘zero risk’

Pass Book: It is a book where all the bank transactions are recorded. They are mainly issued to Current or Savings Bank account holders.

Repo Rate: Commercial banks borrow funds by the RBI if there is any shortage in the form of rupees. If this rate increases it becomes expensive to borrow money from RBI and vice versa.

Reverse Repo Rate: It is the exact opposite of repo rate. It is the rate at which RBI borrows money from banks when it feels there is too much money floating in the banking system

Special Drawing Rights (SDR): It is a reserve asset (Paper Gold) created within the framework of the International Monetary Fund in an attempt to increase international liquidity

SLR (Statutory Liquidity Ratio): It is amount that a commercial bank should have before giving credits to its customers which should be either in the form of gold, money or bonds.

Teller: He/she is a staff member of the bank who cashes cheques, accepts deposits and perform different banking services for the general mass.

Universal Banking: When financial institutions and banks undertake activities related to banking like investment, issue of debit and credit card etc then it is known as universal banking.
Value Added Tax (VAT): This form of tax has been in operation in some countries. If brings a value added tax, a tax levied on the values that is added to goods and services turned out by the producers during stages of production and distribution.

Virtual Banking: Internet banking is sometimes known as virtual banking. It is called so because it has no bricks and boundaries. It is controlled by the World Wide Web.

Wholesale Banking: It is similar to retail banking with a slight difference that it mainly focuses on the financial needs of the institutional clients and the industry.


Zero Based Budgeting:  The practice of justifying the utility in cost benefit terms of each government expenditure on projects. The ZBB technique, involves a serious review of every scheme before a budgetary provision is made in its favour. This form of financial planning is with an objective to ensure that every rupee spent is result oriented. If ZBB is properly implemented it could help to reverse the trend of large deficits on the revenue account of the Union Government.

Zero Coupon Bond: It is a bond that is sold at good discount as it has no coupon.


---------------------------------------------------------------------------