Central Bank of India ZBO flashcards

31 cards. Read the term and the definition here. The deck at the top of this page is optional.

Repo Rate

The rate at which the Reserve Bank of India lends short-term funds to commercial banks against government securities, used as the main policy signal for liquidity and interest rates.

Cash Reserve Ratio

The percentage of a bank's net demand and time liabilities that must be held as cash balances with the RBI. It earns no interest for the bank.

Statutory Liquidity Ratio

The share of net demand and time liabilities a bank must hold in cash, gold or approved securities. Unlike CRR, these assets earn a return.

Marginal Standing Facility

A penal window allowing banks to borrow overnight from the RBI against approved government securities, above the repo rate, by dipping into their SLR holdings.

Basel III Capital Ratios

Global standards requiring minimum Common Equity Tier 1 of 4.5 percent, Tier 1 of 6 percent and total capital of 8 percent of risk-weighted assets.

Non-Performing Asset

A loan or advance on which principal or interest has remained overdue for more than 90 days, requiring the bank to make provisions against it.

Priority Sector Lending

A mandated share of bank credit, generally 40 percent of adjusted net bank credit for domestic commercial banks, directed to agriculture, MSMEs, education and weaker sections.

Negotiable Instrument

A document promising or ordering payment of money that can be transferred by delivery or endorsement. Cheques, promissory notes and bills of exchange are examples.

RBI Establishment

The Reserve Bank of India began operations on 1 April 1935 under the RBI Act, 1934, following the Hilton Young Commission, and was nationalised on 1 January 1949.

Bretton Woods Institutions

The International Monetary Fund and the World Bank were created at the 1944 Bretton Woods Conference. India is a founder member of both institutions.

Bank Nationalisation 1969

On 19 July 1969 the Government of India nationalised 14 major commercial banks with deposits above 50 crore rupees, followed by six more banks in 1980.

Fundamental Duties

Added by the 42nd Amendment in 1976 under Article 51A in Part IVA of the Constitution, listing duties of citizens, including to abide by the Constitution.

PMJDY

Pradhan Mantri Jan Dhan Yojana, launched in 2014, is a national financial inclusion mission providing basic savings accounts, overdraft and RuPay card access.

Atal Pension Yojana

A government pension scheme for the unorganised sector where subscribers receive a guaranteed monthly pension between 1,000 and 5,000 rupees after age 60.

World Trade Organization

Established on 1 January 1995 to replace GATT, it regulates and liberalises international trade and settles disputes between member countries.

Syllogism Validity Rule

A conclusion is valid only if it is true in every possible Venn diagram consistent with the premises, not merely in one arrangement.

Circular Seating Left

When people face the centre of a circle, a person's left is clockwise; when they face outward, left is anticlockwise.

Data Sufficiency Test

A statement is sufficient only if it produces exactly one definite value for the quantity asked, combined with the given information.

OSI Model Layers

Seven layers from bottom: Physical, Data Link, Network, Transport, Session, Presentation, Application. TCP runs at Transport, IP at Network.

Byte and Bit

One byte equals eight bits. A kilobyte is 1024 bytes and a megabyte is 1024 kilobytes in binary measurement used in computing.

RAM versus ROM

RAM is volatile working memory that loses data on power off; ROM is non-volatile and retains firmware such as the boot instructions permanently.

Compound Interest Formula

Amount equals principal multiplied by (1 plus rate divided by 100) raised to the time in years; interest is amount minus principal.

CI and SI Difference

For two years, the difference between compound and simple interest equals principal multiplied by the square of rate divided by 100.

Successive Percentage Change

Two successive changes of a percent and b percent give a net change of a plus b plus ab divided by 100, with signs for increase or decrease.

Alligation Rule

The ratio in which two ingredients at given prices must be mixed to get a mean price equals mean minus cheaper, to dearer minus mean.

Train Crossing Platform

Time taken to cross a platform equals the sum of train length and platform length divided by the train's speed, with units converted consistently.

Subject Verb Agreement

In 'one of the plural noun', the verb is singular; each, every, either and neither also take singular verbs in standard usage.

Present Perfect Tense

Formed with has or have plus the past participle, it describes a past action that has present relevance or continues to the present.

Between and Among

Between is used for two persons or things and among for more than two, though between is also used for distinct pairwise relationships.

Para Jumble Opening

The opening sentence usually introduces the topic and contains no pronoun referring backward, making it the usual starting point.

Cloze Test Approach

Read the full passage first, then select the option that fits both grammar and meaning, rejecting choices that break natural word collocations.