Banking Terms — Set 3

Correct Answer: D. Marginal Cost of funds based Lending Rate

• **Marginal Cost of funds based Lending Rate** = It is the minimum interest rate that a bank can lend at, ensuring transparency in monetary policy transmission. • **transparency** — introduced to improve the transparency and transmission of monetary policy rates. • 💡 Wrong-option analysis: [Maximum Credit Limit Record]: गलत पूर्ण रूप; [Monetary Control and Lending Regulation]: गलत पूर्ण रूप; [Minimum Capital Lending Ratio]: गलत पूर्ण रूप, 'Capital' और 'Ratio' गलत हैं।

Correct Answer: D. Bank for International Settlements

• **Bank for International Settlements** = It is an international financial institution owned by central banks that fosters monetary and financial cooperation. • **Basel, Switzerland** — its headquarters are located in this city. • 💡 Wrong-option analysis: [Binary Information System Technology]: गलत पूर्ण रूप, वित्तीय क्षेत्र से संबंधित नहीं; [Business Information Standard Term]: गलत पूर्ण रूप, वित्तीय क्षेत्र से संबंधित नहीं; [Bureau of International Standard Terms]: गलत पूर्ण रूप, वित्तीय क्षेत्र से संबंधित नहीं।

Correct Answer: A. Immediate Payment Service

• **Immediate Payment Service** = It is an instant interbank electronic fund transfer service available through mobile phones. • **24/7** — this service is available round the clock, ensuring constant accessibility. • 💡 Wrong-option analysis: [Instant Money Processing System]: गलत पूर्ण रूप; [Integrated Mobile Payment Standard]: गलत पूर्ण रूप; [Internal Money Payment System]: गलत पूर्ण रूप।

Correct Answer: A. Foreign Currency Non-Resident

• **Foreign Currency Non-Resident** = It is a fixed deposit account opened in India by Non-Resident Indians (NRIs) in foreign currencies. • **exchange rate risks** — this account helps investors avoid these risks associated with currency fluctuations. • 💡 Wrong-option analysis: [Financial Credit and National Revenue]: गलत पूर्ण रूप; [Fixed Cash and Net Revenue]: गलत पूर्ण रूप; [Foreign Capital and National Reserve]: गलत पूर्ण रूप, 'Capital' और 'Reserve' गलत हैं।

Correct Answer: D. Gross National Product

• **Gross National Product** = It is an estimate of the total value of final products and services produced by a country's residents. • **residents' ownership** — GNP includes the value of goods produced by citizens regardless of their geographical location. • 💡 Wrong-option analysis: [Gross Net Profit]: गलत पूर्ण रूप; [General National Plan]: गलत पूर्ण रूप; [Gross National Progress]: गलत पूर्ण रूप, 'Progress' सही नहीं है।

Correct Answer: B. Sensitive Index

• **Sensitive Index** = SENSEX is a stock market index of 30 well-established companies listed on the Bombay Stock Exchange (BSE). • **30** — this number represents the well-established and financially sound companies included in the SENSEX index. • 💡 Wrong-option analysis: [Securities Index]: जबकि संबंधित है, 'सेंसिटिव' विशिष्ट शब्द है; [Standard Exchange Index]: सही विशिष्ट शब्द नहीं; [Sense Execution]: वास्तविक अर्थ या पूर्ण रूप से संबंधित नहीं।

Correct Answer: C. Certificate of Deposit

• **Certificate of Deposit** = It is a negotiable money market instrument issued in dematerialized form as a usance promissory note. • **scheduled commercial banks** — CDs are primarily issued by these banks and select financial institutions. • 💡 Wrong-option analysis: [Cumulative Debt]: गलत पूर्ण रूप, मुद्रा बाजार से संबंधित नहीं; [Cash Discount]: गलत पूर्ण रूप, मुद्रा बाजार उपकरण नहीं; [Credit Deposit]: गलत पूर्ण रूप, मुद्रा बाजार उपकरण के लिए सही शब्द नहीं।

Correct Answer: C. Small Industries Development Bank of India

• **Small Industries Development Bank of India** = It is the principal financial institution for the promotion and development of the MSME sector. • **Lucknow** — its headquarters are located in this city. • 💡 Wrong-option analysis: [Small Investment and Debt Bureau of India]: गलत पूर्ण रूप, 'Investment and Debt Bureau' सही नहीं; [State Industries Development and Banking Institute]: गलत पूर्ण रूप, 'State' और 'Institute' गलत हैं; [Standard Investment and Development Bank of India]: गलत पूर्ण रूप, 'Standard Investment' सही नहीं।

Correct Answer: B. Current Account Savings Account

• **Current Account Savings Account** = It is a type of non-term deposit that combines features of both current and savings accounts. • **low-cost source** — a higher CASA ratio provides banks with this, indicating cheaper funds. • 💡 Wrong-option analysis: [Credit and Salary Account]: गलत पूर्ण रूप, सही बैंकिंग शब्द नहीं; [Cash and Stock Account]: गलत पूर्ण रूप, सही बैंकिंग शब्द नहीं; [Capital and Savings Account]: गलत पूर्ण रूप, 'Capital' गलत है।

Correct Answer: B. Net Asset Value

• **Net Asset Value** = It represents the per-unit market value of all assets held by a mutual fund scheme. • **total net assets** — NAV is calculated by dividing this by the total number of units outstanding. • 💡 Wrong-option analysis: [National Asset Valuation]: गलत पूर्ण रूप, 'National' और 'Valuation' गलत हैं; [Net Annual Value]: गलत पूर्ण रूप, 'Annual' गलत है; [New Asset Venture]: गलत पूर्ण रूप, म्यूचुअल फंड मूल्यांकन से संबंधित नहीं।