IDBI Bank ESO flashcards

32 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 under the Liquidity Adjustment Facility. Raising it tightens liquidity and is used to control inflation.

Cash Reserve Ratio

The percentage of a bank's Net Demand and Time Liabilities that must be maintained as cash balances with the RBI. It earns no interest for the bank and directly reduces lendable resources.

Priority Sector Lending

A mandatory share of bank credit directed to agriculture, micro enterprises, education, housing, renewable energy and weaker sections. Domestic scheduled commercial banks must lend 40% of adjusted net bank credit.

Basel III Capital Buffer

A global regulatory framework requiring banks to hold more and better-quality capital. Indian banks must maintain a minimum total capital ratio of 9% plus a 2.5% capital conservation buffer.

Insolvency and Bankruptcy Code

A 2016 law creating a time-bound corporate insolvency resolution process, with a 330-day outer limit including extensions, overseen by the Insolvency and Bankruptcy Board of India.

Monetary Policy Committee

A six-member statutory body chaired by the RBI Governor that sets the policy repo rate to achieve the inflation target of 4% with a tolerance band of plus or minus 2%.

GST Council

A constitutional body under Article 279A that recommends GST rates and rules. It includes the Union Finance Minister as chairperson and one minister from each state.

SARFAESI Act

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 lets secured creditors enforce security without court intervention after a loan becomes a non-performing asset.

Compound Interest Formula

The amount after T years equals P multiplied by (1 + R/100) raised to T, where P is principal and R is the annual rate. Compound interest is this amount minus the principal.

Alligation Rule

A method to find the ratio in which two ingredients at different prices must be mixed to get a desired mean price. Ratio of quantities equals (mean − cheaper) : (dearer − mean).

Train Crossing Time

When a train of length L crosses a platform of length P at speed S, the time taken equals (L + P) divided by S, with both lengths in the same unit as the speed.

Successive Discount Formula

Two successive discounts of a% and b% are equivalent to a single discount of a + b − (ab/100) percent. Apply this instead of adding the two percentages directly.

Combination Formula

The number of ways to choose r items from n distinct items, order not mattering, equals n factorial divided by r factorial times (n − r) factorial.

Work Efficiency Rule

If A finishes a job in a days and B in b days, together they take ab/(a + b) days. Efficiency is inversely proportional to the time taken to complete the same work.

Effective Annual Rate

When interest is compounded n times a year at nominal rate R, the effective annual rate equals (1 + R/n) raised to n, minus 1. It rises as compounding frequency increases.

Sphere and Cone Volumes

Volume of a sphere is four-thirds pi r cubed, and its surface area is 4 pi r squared. Volume of a cone is one-third pi r squared h.

Percentage Net Change

If a quantity is increased by x% and then decreased by x%, the net change is a decrease of x squared divided by 100 percent, not zero.

Syllogism Conversion Rule

'All A are B' converts to 'Some B are A', and 'No A is B' converts to 'No B is A'. 'Some A are not B' has no valid conversion in syllogistic reasoning.

Ranking Position Formula

If a person ranks nth from the left and mth from the right in a row, total persons equal n + m − 1. The number between two ranked persons is the difference of positions minus one.

Circular Seating Direction

When people face the centre of a circle, a person's left is clockwise and right is anticlockwise. When they face outward, the directions are reversed.

Blood Relation Notation

Draw a family tree using vertical lines for parent-child links and horizontal lines for siblings and marriage. Determine gender from words like son, daughter, brother or sister.

Either-Or Conclusion

In inequality or syllogism questions, an either-or conclusion applies when two conclusions are individually false but together cover all possibilities, such as A ≥ B and A < B.

Direction Sense Displacement

Plot each move on a coordinate grid and track the net horizontal and vertical change. The shortest distance back to the start is the hypotenuse found by the Pythagorean theorem.

Letter Position Coding

Assign A to 1 and Z to 26. Opposite letters sum to 27, so A pairs with Z and B with Y. Check shifts separately for each letter before assuming one rule.

Data Sufficiency Rule

Evaluate each statement independently and stop as soon as the answer is uniquely determined. Do not solve the full problem; only decide whether the data is sufficient.

Subject-Verb Agreement

A singular subject takes a singular verb. Phrases like 'one of the boys' take a singular verb, while 'either', 'neither', 'each' and 'every' are also singular.

Since versus For

Use 'since' with a specific point in time, such as since 2010 or since Monday. Use 'for' with a duration, such as for three years or for a long time.

Affect versus Effect

'Affect' is usually a verb meaning to influence. 'Effect' is usually a noun meaning a result. Check the word's role in the sentence before choosing.

Past Perfect Tense

Use 'had plus past participle' for the earlier of two past actions. The later action takes the simple past, as in 'He had left before I arrived'.

Passive Voice Formation

The object becomes the subject, the verb becomes a form of 'be' plus the past participle, and the doer is introduced by 'by'. Intransitive verbs cannot be made passive.

Misplaced Modifier

A modifier must sit next to the word it describes. A phrase like 'walking down the road, the tree was seen' wrongly attaches the modifier to the tree.

Comprise Usage

'Comprise' means to consist of and takes a direct object, so write 'the team comprises five members'. Do not write 'comprises of', which is redundant and incorrect.