HPSCB Junior Clerk flashcards
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32 cards. Read the term and the definition here. The deck at the top of this page is optional.
- MPC inflation target
- The Monetary Policy Committee targets consumer price inflation at 4%, with a tolerance band of 2% to 6%. Breaching the band for three consecutive quarters triggers a report to the government.
- Repo rate
- The rate at which the RBI lends short-term funds to banks against government securities with an agreement to repurchase them. It is the main policy signal for lending rates.
- CRR
- Cash Reserve Ratio is the percentage of net demand and time liabilities that a bank must hold as cash with the RBI. It earns no interest for the bank.
- SLR
- Statutory Liquidity Ratio is the minimum share of net demand and time liabilities a bank must hold in cash, gold or approved government securities. It earns returns, unlike CRR.
- DICGC cover
- The Deposit Insurance and Credit Guarantee Corporation insures deposits up to Rs 5 lakh per depositor per bank, covering principal and interest across accounts held in the same right.
- Priority sector target
- Commercial banks must lend 40% of adjusted net bank credit to priority sectors, including 18% to agriculture and 7.5% to micro enterprises.
- HPSCB
- Himachal Pradesh State Cooperative Bank is the apex cooperative bank of Himachal Pradesh, headquartered at Shimla, providing credit and banking services through affiliated cooperative societies.
- NABARD
- The National Bank for Agriculture and Rural Development, set up in 1982, is the apex institution for agricultural credit and refinance to rural and cooperative banks.
- Reverse alphabet position
- The reverse position of a letter is 27 minus its forward position. So A becomes 26, E becomes 22, and Z becomes 1.
- Opposite letter pairs
- Letters paired from the two ends of the alphabet: A-Z, B-Y, C-X, D-W, E-V, F-U, G-T, H-S, I-R, J-Q, K-P, L-O and M-N.
- Syllogism valid conclusion
- A conclusion is valid only if it is true in every possible Venn diagram satisfying the given statements. A single counter-diagram makes it invalid.
- Facing south reversal
- In a linear arrangement, a person facing south has their left on the observer's right. Left and right swap compared with people facing north.
- Blood relation tree method
- Draw generations on separate levels, connect siblings horizontally, and mark gender clearly. This prevents errors when statements chain several relations together.
- Pythagorean triplets
- Common right-triangle sets used in direction sense: 3-4-5, 5-12-13, 8-15-17 and 7-24-25. They give the shortest distance between start and end points.
- Successive percentage change
- Two successive changes of a% and b% give a net change of a + b + ab/100. A 20% rise then a 20% fall leaves a net 4% fall.
- CI minus SI two years
- For two years, the difference between compound and simple interest equals P times (R/100) squared, where P is principal and R the annual rate.
- km/h to m/s
- Multiply a speed in km/h by 5/18 to get metres per second. To reverse it, multiply metres per second by 18/5.
- Alligation rule
- The ratio of two quantities mixed to reach a mean price equals (mean minus cheaper) : (dearer minus mean). It also applies to mixtures, averages and profit problems.
- Time and work pair
- If A alone takes x days and B alone takes y days, together they take xy/(x + y) days. Using the LCM of x and y as total work units simplifies calculation.
- Boats and streams
- Downstream speed equals boat speed plus stream speed; upstream equals boat minus stream. Boat speed is the average of the two, stream speed half their difference.
- Simple interest formula
- Simple interest equals principal times rate times time divided by 100. The interest is calculated only on the original principal each year.
- Combination formula
- nCr equals n factorial divided by r factorial times (n minus r) factorial. It counts selections where order does not matter; nCr also equals nC(n-r).
- One of the boys is
- The phrase 'one of the' takes a plural noun but a singular verb, because the subject is 'one'. Example: 'One of the clerks is absent today.'
- Neither nor agreement
- With neither/nor or either/or, the verb agrees with the nearer subject. Example: 'Neither the manager nor the clerks were informed.'
- Since versus for
- Use 'since' with a point in time, such as since 2019, and 'for' with a duration, such as for five years. Both usually take a perfect tense.
- Affect versus effect
- Affect is usually a verb meaning to influence; effect is usually a noun meaning a result. Example: rate changes affect customers, and the effect is visible.
- Principal versus principle
- Principal means chief, main, or a sum of money; principle means a rule or belief. A bank recovers principal, while a person acts on principle.
- Stationary versus stationery
- Stationary means not moving; stationery means writing materials such as paper and pens. The letter ending in 'ary' relates to movement.
- Passive voice rule
- Only transitive verbs can become passive. Move the object to subject position and use the correct form of 'be' with the past participle.
- Reported speech shift
- In indirect speech after a past reporting verb, present becomes past, 'this' becomes 'that', 'today' becomes 'that day', and 'tomorrow' becomes 'the next day'.
- Prepositions of time
- Use 'in' for months, years and seasons; 'on' for days and dates; 'at' for clock times and night. Example: at 5 pm on Monday in July.
- Collocation comply with
- The verb 'comply' is followed by 'with', as in comply with rules. Similar fixed pairs include consist of, deprived of, capable of and insist on.