UPDATED GK CAPSULE FOR SBI PO 2014 EXAM
This GK Capsule has been prepared by Career Power Institute Delhi (Formerly Known as Bank Power). This document consists of all important news and events w hich can come in SBI PO Exam.
Current RBI Policy & Reserve Rates:
Repo Rate
Reverse Repo
CRR
SLR
MSF
Bank Rate
8% (Unchanged)
7% (Unchanged)
4% (Unchanged)
22.5% (Changed)
9% (Unchanged)
9% (Unchanged)
Note: As on 3 June 2014, RBI (Reserve Bank of India) in its Second bimonthly monetary policy statement kept the key policy rate (repo) unchanged. SLR was cut by 50 basis point from 23% to 22.5%.
News related to RBI:
1. RBI simplifies KYC norms for opening bank account: Customers need to submit only one documentary proof of address — either current or permanent — while opening a bank account or while undergoing periodic updation, the Reserve Bank of
India.
―In case the address mentioned as per ‗proof of address‘ undergoes a change, fresh proof of address may be submitted to the branch within six months,‖ the RBI said in a notification to banks.
No proof is required to be submitted for such address for correspondence/local address,‖ the RBI added. However, this address may be verified by the bank through ‗positive confirmation‘ such as acknowledgment of receipt of letter, cheque books, ATM cards; telephonic conversation; and visits.
2. Australia and New Zealand Banking Group (ANZ) has received in
‐ principle approval from the Reserve Bank to
open two new branches. The new branches will come up Gurgaon, NCR, and outer Bangalore.
3. RBI directive on foreign currency accounts: The Reserve Bank of India has directed banks to: convert credit balances in any inoperative foreign currency (FC) denominated deposit into Indian rupee if the former remains not in use for three years from the date of maturity of deposit.
4. RBI eases gold import norms; nod for select trading houses to procure from abroad : Under this scheme, an importer has to ensure that at least 20 per cent of every lot of imported gold is exclusively made available for export purpose.
5. RBI nod for bank loan tenure upto 10 years to boost export industry. In a major boost for the export industry, the RBI has allowed banks to provide loans with tenures of up to 10 years.These loans will help exporters in ensuring capital flows to fulfill long ‐ term contracts. Existing norms allow banks to give loans for up to one year only.
6. The Reserve Bank of India on Wednesday said banks should make all new ATMs installed from July 1, 2014 as ―talking
ATMs‖ with Braille keypads.
7. RBI, has decided that Indian companies will not be permitted to raise External Commercial Borrowings from
overseas branches
News Related to Banking & Finance

1. National Bank for Agriculture and Rural Development (NABARD) has reduced the interest rate on its long ‐ term refinance facility to banks by 20 basis points to promote investments in agriculture.
The new rates will be 9.5 per cent (9.7 per cent earlier ) for
5 years and above and 9.7 per cent (9.9 per cent earlier) for 3
‐
5 years.
2. Exim Bank has extended USD 46 million line of credit to Mauritius for financing goods and defense related vehicles purchases.
3. Bharatiya Mahila Bank (BMB) was included in the second schedule of the Reserve Bank of India (RBI) Act, 1934. The inclusion of the BMB in the second schedule was announced by RBI in a notification issued in Mumbai on 21 May 2014.
Note: With the inclusion of BMB, total number of scheduled commercial banks in India now stands at 90. As on 2 May 2014,
there were 89 Scheduled commercial banks in India.
ii . The inclusion of BMB in the second schedule of the RBI Act,
193 means that now it will be eligible for loans from RBI on bank rate and also acquired membership of clearing houses.
4. World Bank has signed an agreement with the government to provide a loan assistance of USD 1,006.20 million for Sarva Shiksha
Abhiyan III, which is the largest ongoing "Education for All" programme in the world.
5. India's economic growth remained subdued at 4.7 per cent in 2013
‐
14 and at 4.6 per cent in the fourth quarter of the
financial year, mainly due to a decline in manufacturing and mining output. According to official data released by the Central
Statistics Office in New Delhi, the country's gross domestic product in 2013
‐
14 was less than its advance estimate of 4.9 per cent.
6. FICCI and IDBI signed an MoU for easy access to organised finance facility at competitive interest rates for micro,
small and medium enterprise (MSME).
Important News (India & World):
1. Lithuania to become 19th country to adopt Euro as currency from 1 January 2015. It will become the 19th member of the euro zone out of 28 countries in the European Union, and the last of the Baltic states to join.
Note: Estonia was the first Baltic state to become a member of the eurozone in 2011, followed by Latvia on 1 January 2014.
Lithuania Capital: Vilnius, President: Dalia Grybauskaitė, Prime Minister: Algirdas Butkevičius
2. Former India captain Sourav Ganguly joined the Supreme Court ‐ appointed Mudgal committee, which is probing the IPL betting and spot ‐ fixing scandal, as an expert on cricketing affairs.
3. Telangana came into existence as the 29th state of India and TRS supremeo K Chandrasekhar Rao (KCR ) was sworn in as its first
Chief Minister. ESL Narasimhan was sworn in as the first Governor of Telangana.
4. Madhya Pradesh government has appointed actor Madhuri Dixit as the brand ambassador for its Mamta Abhiyaan (maternal and child health) campaign.
5. India is among the world's top five nations in concentrated solar power (CSP) technology capacity rankings topped by the US, according to a new report.
Note: India is placed fourth , ahead of China, in the rankings recently released in a report by the Renewable Energy Policy
Network for the 21 Century (Ren21), an international multi ‐ policy stakeholder network that promotes rapid global transition to renewable energy.
6. India became the second largest exporter of textiles in the world. This was revealed by the recent data released by UN Comtrade in Global Textiles as well as Apparel Exports.
7. India was elected for a second time to a UNESCO body, tasked with the safeguarding of intangible cultural heritage.
India won the election by a resounding 135 votes against a total of 142 votes cast by member states present at the
UNESCO headquarters in Paris.
Note: This is the second time that India has been elected to the Intergovernmental Committee for the Safeguarding of
the Intangible Cultural Heritage, the earlier term being from 2006
‐
2010
8. The government has proposed to raise Foreign Direct Investment (FDI) in defence sector to 100 per cent.
According to sources, the Commerce and Industry Ministry has circulated a Cabinet note for inter
‐ ministerial consulatation .
9. Pakistan has said it would grant India the status of Non
‐
Discriminatory Market Access (NDMA) to facilitate enhanced bilateral trade.
10. For the third year in a row, Indira Gandhi International Airport in New Delhi has been adjudged the second best airport in the world for its service quality
11. Sachin Tendulkar to be goodwill ambassador for national games. The 35 National Games to be held in seven cities in the State early next year will have cricket legend Sachin Tendulkar as its goodwill ambassador.
12. Prime Minister Narendra Modi quit his Vadodara Lok Sabha seat, choosing to retain Varanasi in Uttar Pradesh, where the BJP recorded a landslide victory bagging 71 of the 80 seats in the recent elections.

13. India has figured among the top 10 markets for the international business community, according to Australia‘s International
Business Survey.
14. Malavath Poorna, a 13 ‐ years and 11 ‐ month old girl of Andhra Pradesh became the youngest woman to climb the Mount
Everest, the highest peak in the world.
15. Singapore became the top source of FDI into India replacing Mauritius: Department of Industrial Policy and Promotion (DIPP)
16. China, Russia sign 30
‐ year gas deal
17. The Army has launched a coaching programme for the students of Chenab Valley belt in Jammu and Kashmir to help them crack the prestigious Indian Institute of Technology Joint Entrance Exam (IIT
‐
JEE).
18. Brazil honoured 100 years of Indian cinema by releasing two postage stamps
19. Flipkart buys Myntra for $300 mn. Flipkart announced that it has acquired Myntra, the country‘s largest e ‐ commerce site for fashion and lifestyle products.
20. Two Indian firms won the Ashden award (the green energy award) in 2014. Infosys received the International Ashden Award
for Sustainable Buildings.
Another Indian firm Greenway Grameen won the Ashden Clean Energy for Women and Girls award.
21. Indian
‐
American student Akhil Rekulapelli won National Geographic Bee Championship
22. The UN Security Council has officially designated Boko Haram as a terrorist group linked to al
‐
Qaeda and slapped sanctions on
the militant group that has carried out bombings and the recent abduction of over 200 school girls in Nigeria.
23. Asia's biggest milk brand Amul announced to set up a dairy processing plant in Varanasi. The plant will initially process five lakh litres per day with the capacity to double the production.
Some Important Economic Terms :
1. Commercial Paper: Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note.
Corporate, primary dealers (PDs) and the All
‐
India Financial Institutions (FIs) are eligible to issue CP. Maturity period: between a minimum of 7 days and a maximum of up to one year from the date of issue. CP can be issued in denominations of Rs.5 lakh or multiples thereof. Only a scheduled bank can act as an IPA ( Issuing and Paying Agent) for issuance of CP.
2. Treasury Bills : Treasury bills (T
‐ bills) offer short
‐ term investment opportunities, generally up to one year. They are thus useful in managing short
‐ term liquidity. At present, the Government of India issues three types of treasury bills through auctions, namely,
91
‐ day, 182
‐ day and 364
‐ day. There are no treasury bills issued by State Governments. Treasury bills are available for a minimum amount of Rs.25,000 and in multiples of Rs. 25,000. Treasury bills are issued at a discount and are redeemed at par. Treasury bills are also issued under the Market Stabilization Scheme (MSS).
3. Certificates of Deposit (CD): Certificate of Deposit (CD) is a negotiable money market instrument and issued in dematerialised form or as a Usance Promissory Note against funds deposited at a bank or other eligible financial institution for a specified time period.
Note : CDs can be issued by (i) scheduled commercial banks {excluding Regional Rural Banks and Local Area Banks}; and (ii) select
All
‐
India Financial Institutions (FIs) that have been permitted by RBI
Minimum amount of a CD should be Rs.1 lakh, and in multiples of Rs. 1 lakh thereafter. The maturity period of CDs issued by banks should not be less than 7 days and not more than one year, from the date of issue.
4. Fiscal Deficit: A deficit in the government budget of a country and represents the excess of expenditure over income.
So this is the amount of borrowed funds require by the government to meet its expenditures completely.
5. Direct Tax: A direct tax is that which is paid directly by someone to taxing authority. Income tax and property tax are an examples of direct tax. They are not shifted to somebody else.
6. Indirect Tax: This type of tax is not paid by someone to the authorities and it is actually passed on to the other in the form of increased cost. They are levied on goods and services produced or purchased. Excise Tax, Sales Tax, Vat,
Entertainment tax are indirect taxes.
7. NOSTRO Account: A Nostro account is maintained by an Indian Bank in the foreign countries.
8. VOSTRO Account: A Vostro account is maintained by a foreign bank in India with their corresponding bank.
9. SDR (Special Drawing Rights): SDR are new form of International reserve assets, created by the International
Monetary Fund in 1967. The value of SDR is based on the portfolio of widely used countries and they are maintained as accounting entries and not as hard currency or physical assets like Gold.
10. Cheque: Cheque is a negotiable (which can be transferred to another person in exchange of money) instrument drawn on a specified banker ordering the banker to pay a certain sum of money to the drawer of cheque or another person. Cheque is always payable on demand.
Types of Cheque:

i. Ante Dated Cheque: A cheque bearing a date prior to actual date of signing the cheque or opening of an account is called an ante dated cheque which is valid and can be paid till it become stale. ii.
Stale Cheque: If the validity of the cheque has already expired it is called stale cheque which cannot be paid. The normal maximum validity of cheque is 3 months earlier it was 6 months. iii. Post Dated Cheque: The cheque which bears a date subsequent to the date on which it is drawn. For ex. A cheque drawn on 10th January, 2013 bears the date of 12th January, 2013.
11. Crossing of Cheque : Crossings refers to drawing two parallel lines across the face of the cheque. A crossed cheque cannot be paid in cash across the counter, and is to be paid through a bank either by transfer, collection or clearing. A general crossing means that cheque can be paid through any bank and a special crossing means where the name of the
Bank is indicated on the cheque can be paid only through the named bank. Dishonour of Cheque: Non – payment of cheque by the paying banker with a return memo giving reasons for the non – payment.
12. Demand Draft: Demand draft is defined as an order to pay money drawn by one office of a bank upon another office of the same bank for a sum of money payable to order on demand. Cheque and Demand draft both are used for transfer of money.
Difference b/w Cheque & DD: A cheque can be bounce but D.D cannot be bounce as it is already paid.
13. Current account: Current account with a bank can be opened generally for business purpose. There are no restrictions on withdrawals in this type of account. No interest is paid in this type of account.
14. NEFT (National Electronic Fund Transfer): NEFT enables funds transfer from one bank to another but works a bit differently than RTGS. NEFT is slower than RTGS. The transfer is not direct and RBI acts as the service provider to transfer the money from one account to another. You can transfer any amount through NEFT, even a rupee.
15. RTGS ( Real time gross settlement ): RTGS system is funds transfer systems where transfer of money or securities takes place from one bank to another on a "real time" and on "gross" basis.
Settlement in "real time" means payment transaction is not subjected to any waiting period. The transactions are settled as soon as they are processed. Minimum & Maximum Limit of RTGS: 2 lakh and no upper limit.
16. BOND : Publicly traded ling term debt securities issued by corporations and governments, whereby the issuer agrees to pay a fixed amount of interest over a specified period of time and to repay a fixed amount of principal maturity.
17. Call Money: Call Money‘ is the borrowing or lending of funds for 1day.
18. Notice Money: Money borrowed or lend for period between 2 days and 14 days it is known as ‗Notice Money‘
19. Term Money: Term Money refers to borrowing/lending of funds for period exceeding 14 days
20. CRAR(Capital to Risk Weighted Assets Ratio): Capital to risk weighted assets ratio is arrived at by dividing the
capital of the bank with aggregated risk weighted assets for credit risk, market risk and operational risk.
21. Non Performing Assets (NPA): An asset, including a leased asset, becomes non performing when it ceases to generate income for the bank.
22. INFLATION: inflation is a rise in the general level of prices of goods and services in an economy over a period of time.
When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy.
23. DEFLATION : deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% (a negative inflation rate). This should not be confused with disinflation, a slow ‐ down in the inflation rate (i.e., when inflation declines to lower levels).
24. REFLATION : When government wants to control the deflation condition, the suggests RBI to decrease the key rates. If deflation in not controlled, govt. makes a fiscal policy. (taxes decreased, subsidy on loan increased).
25. DISFLATION : When government wants to control the inflation condition, the suggests RBI to increase the key rates.
If inflation in not controlled, govt. makes a fiscal policy. (taxes increased, subsidy on loan decreased)
26. Doubtful Asset: An asset would be classified as doubtful if it has remained in the substandard category for a period of 12 months.
27. CASA Deposit: Deposit in bank in current and Savings account.
28. Liquid Assets: Liquid assets consists of cash, balances with RBI, balances in current accounts with banks, money at call and short notice, inter
‐ bank placements due within 30 days and securities under ―held for trading‖ and ―available for sale‖ categories excluding securities that do not have ready market.

29. Import parity price (IPP): The price that a purchaser pays or can expect to pay for imported goods such as petrol, diesel or cooking gas. ―The import parity price (IPP) is the price at the border of a good that is imported, which includes international transport costs and tariffs. The IPP is used in International trade and is sometimes referred to as the
International Benchmark Price.
30. Export parity price (IPP): The price that a producer gets or can expect to get for its product if exported, equal to the
Freight on Board price minus the costs of getting the product from the farm or factory to the border. The EPP applies only to the quantity that is exported and not to the quantity that is sold domestically
31. Participatory Notes or P ‐ notes: are derivative instruments, used by Foreign Institutional Investors (FIIs) who are
NOT registered with SEBI. P
‐
Notes, mostly used by overseas HNIs (High Networth Individuals), hedge funds and other foreign institutions, allow them to invest in Indian markets through registered Foreign Institutional Investors (FIIs), while saving on time and costs associated with direct registrations.
32. Devaluation : means official lowering of the value of a country's currency within a fixed exchange rate system, by which the monetary authority formally sets a new fixed rate with respect to a foreign reference currency.
33. Depreciation: is used to describe a decrease in a currency's value (relative to other major currency benchmarks) due to market forces, not government or central bank policy actions.
New Appointment in India
1. Narendra Damodardass Modi sworn in as the 15th Prime Minister of the country.
The list of Cabinet Ministers includes:
2. Rajnath Singh : Home Minster
3. Sushma Swaraj : External Affairs & Overseas Indian Affairs
4. Arun Jaitley : Finance Corporate Affairs & Defence
5. M. Venkaiah Naidu : Urban Development Housing and Urban Poverty Alleviation & Parliamentary Affairs
6. Nitin Jairam Gadkari : Road Transport and Highways Shipping + Rural Development, Panchayati Raj & Drinking Water and
Sanitation
Note : Nitin Jairam Gadkari given additional charge of Rural Development, Panchayati Raj & Drinking Water and Sanitation as Gopinath Munde died in Road accident.
7. D.V. Sadananda Gowda : Railways
8. Uma Bharati: Water Resources, River Development and Ganga Rejuvenation
9. Dr. Najma A. Heptulla : Minority Affairs
10. Ramvilas Paswan : Consumer Affairs, Food and Public Distribution
11. Kalraj Mishra : Micro, Small and Medium Enterprises
12. Maneka Gandhi : Women and Child Development
13. Ananthkumar : Chemicals and Fertilizers
14. Ravi Shankar Prasad : Communications and Information Technology & Law and Justice
15. Ashok Gajapathi Raju : Civil Aviation
16. Anant Geete: Heavy Industries and Public Enterprises
17. Harsimrat Kaur Badal : Food Processing Industries
18. Narendra Singh Tomar : Mines & Steel Labour and Employment
19. Jual Oram: Tribal Affairs
20. Radha Mohan Singh : Agriculture
21. Thaawar Chand Gehlot : Social Justice and Empowerment
22. Smriti Zubin Irani: Human Resource Development
23. Dr. Harsh Vardhan : Health and Family Welfare
24. Sumitra Mahajan: new Lok Sabha Speaker

25. Chandrababu Naidu sworn ‐ in as First Chief Minister of Andhra Pradesh.
26. K Chandrasekhar Rao (KCR) was sworn in as its first Chief Minister of Telangana
27. Finance Minister Arun Jaitley has been appointed on the Board of Governors of Philippines
‐ based Asian Development
Bank (ADB).
28. Mallikarjun Kharge elected leader of Congress in Lok Sabha.
29. Nripendra Mishra appointed Principal Secretary to PM
30. Mukul Rohatgi appointed 14th New Attorney ‐ General of India . He replace G.E. Vahanvati
31. Ajit Kumar Doval appointed as new National Security Advisor
32. Kamal Nath appointed pro
‐ tem Speaker of 16 Lok Sabha
33. Rajiv Mathur takes over as New CIC ( Chief Information Commissioner). He succeeds Sushma Singh ,
34. Anandiben Patel: new CM of Gujarat
35. Naveen Patnaik sworn in as Odisha chief minister
36. Pawan Chamling sworn Sikkim CM for record 5th time
37. Jitan Ram Manjhi: new Bihar CM
38. T R Zeliang appointed new CM of Nagaland. He succeed Neiphiu Rio
39. R K Malhotra, Director (R&D) at Indian Oil Corp (IOC), has been given additional charge as Chairman
40. N K Verma is new ONGC Videsh MD
41. Nabam Tuki sworn
‐ in as CM of Arunachal Pradesh for second term.
New Appointment in World
1. Prince Zeid al Hussein ( Jordan’s ambassador) nominated as U.N. High Commissioner for Human Rights
2. Bashar al ‐ Assad elected Syrian President third time
3. Dalia Grybauskaite : Presidential election of Lithuania
4. Peter Mutharika is new Malawi presidential
5. Abdel Fattah Al Sissi elected as Egypt's new President
6. Jacob Zuma sworn in as South Africa's President for second term
7. Petro Poroshenko: New President of Ukraine
8. Hiroshi Naka appointed as Vice President and Auditor General of World Bank.
9. Kathleen Stephens Named Interim US Ambassador to India.
SUMMIT
1.
40th G
‐
7 summit 2014 held at Brussels.
Note: It was the first time that the EU hosted a G7 summit. The summit is jointly represented by the European Council President
Herman van Rompuy and the European Commission President.
Note: Originally, a G8 summit was scheduled to take place in Sochi (Russia) in early June 2014 under a Russian presidency. Due to the Russian Federation's violation of Ukraine's sovereignty and territorial integrity, the G7 leaders decided to meet in Brussels on 4
‐
5 June 2014 in the G7 format instead

Awards & Honours
1. Vishwanath Tripathi , eminent Hindi writer on 29 May 2014 was awarded with the prestigious Vyas Samman for the year
2013.
2. Irish author Eimear McBride won the 2014 Bailey's Women's Prize for Fiction for her first novel A Girl is a Half
‐
Formed
Thing.
3. Project Mobile Seva under DeitY won the 2014 United Nations Public Service Award
Note : The project Mobile Seva under Department of Electronics and Information Technology (DeitY) won second rank in the
2014 United Nations Public Service Award. Department of Electronics and Information Technology comes under Ministry of
Information and Technology.
LEADER”S VISITED INIDIA
1. Chinese Foreign Minister Wang Yi visited India on 7th June
2. Oman Foreign Minister Yousuf bin Alawi bin Abdullah visited India on 3rd June.
OBITUARY
1. Gopinath Munde : Rural Development Minister passes away
2. Ideologist and Sanskrit Scholar Sukumari Bhattacharji died
3. Father of Malaysian Hockey Sultan Azlan Shah passes away
4. Veteran CPI(M) leader R.Umanath passed away
5. Madhav Mantri, a cricketing doyen, passes away
6. Veteran Congress leader and former minister Sitaram Prasad passed away
7. N Srinivasan, the veteran nuclear scientist died
8. Sir Jack Brabham, three
‐ time F
‐
1 champion passes away
Sports News
Tennis:
French Open 2014:
Men’s Title: Rafael Nadal clinches record ninth French Open title. He defeated Novak Djokovic in the final.
Note : Rafal Nadal now won 14 Grand Slam singles titles till now.
Women’s Title: Maria Sharapova
Italian Tennis Open 2014 :
defeat Simona Halep
Women's Title: Serena Williams defeated Sara Errani.
2. Japan defeated Malaysia to lift maiden Thomas Cup Badminton trophy 2014.
3. Japan beat Australia in Women's Asian Cup Football final.
4. Indian batting star Virat Kohli has been rated second behind British Formula One racer Lewis Hamilton in the list of
most marketable athletes by the UK magazine, 'SportsPro'.
5. Snooker Champion Chitra nominated for Arjuna Awards 2014
6. Madhya Pradesh Hockey Academy (MPHA) defeated Jharkhand 5
‐
2 to win the fourth Hockey India Sub
‐
Junior Girls
National Championship (Division A) in Pune
7. Mercedes driver Nico Rosberg of Germany won Monaco Grand Prix of Formula One
8. Hashim Amla appointed as new test captain of South African cricket team.
9. Ab de Villiers named South African Cricketer of the Year
10.Triple jumper Arpinder Singh breaks national record, qualifies for Glasgow Commonwealth Games
11.
Daniel Ricciardo won the Canadian Grand Prix 2014.

IMPORTANT DATES & DAYS OF: JAN ‐ JULY

ABBREVIATION IN NEWS
1. DICGC : Deposit insurance and credit guarantee corporation.
2. OLTAS : On
‐ line Tax Accounting System is used for Direct Taxes
3. TIN: Tax Information Network
4. IMPS: Interbank Mobile Payment Service
5. BSBDA ‐ Basic Savings Bank Deposit Account
6. FCNR(B) ‐ Foreign Currency Non ‐ Resident Bank
7. TARC
‐
Tax Administration Reform Commission
8. ITEs: Intra
‐
Group Transactions and Exposures
9. LCR: Liquidity Coverage Ratio
10. NSFR: Net Stable Funding Ratio
11. REER: Real Effective Exchange Rate
12. LRMT: Liquidity risk monitoring tools
13. CBS: Core Banking Solution
14. DEAF: Depositor Education and Awareness Fund
15. CRAR: Capital to Risk
‐ weighted Assets Ratio
16. External Commercial Borrowings (ECB)
17. SWIFT: Society for Worldwide Interbank Financial Telecommunication
18. FSLRC: Financial Sector Legislative Reforms Commission
19. MIBOR: Mumbai Inter ‐ Bank Offer Rate
20. LIBOR: London Inter ‐ Bank Offer Rate
21. LAF – Liquidity Adjustment Facility
22. GIRO
‐
Government Internal Revenue Order
23. EEFC ‐ Exchange Earner's Foreign Currency
24. FRBMA: Fiscal Responsibility and Budget Management Act
25. ALM
‐
Asset Liability Management
26. AMFI
‐
Association of Mutual Fund in India.
27. TIEA – Tax Information exchange Agreement
28. CAR – Cash Adequacy Ratio
29. CCEA – Cabinet Committee on Economic Affairs
30. CECA
‐
Comprehensive Economic Cooperation Agreement
31. CEPA – Comprehensive Economic Partnership Agreement
32. DTAA – Double Taxation Avoidance Agreement
33. ECBs
‐
External Commercial Borrowings
34. EEFC ‐ Exchange Earner's Foreign Currency
35. EFSF – European Financial Stability Facility
36. FEMA
‐
Foreign Exchange Management Act
37. FII – Foreign Institutional Investor.
38. FINO ‐ Financial Inclusion Network Operation
39. FIPB – Foreign Investment Promotion board
40. FSLRC – Financial Sector Legislative Reforms Commission
41. FTA
‐
Free trade agreement
42. GAAR ‐ General anti avoidance rule
43. GSLV ‐ Geo ‐ Synchronous Launch Vehicle
44. MSF
‐
Marginal Standing Facility
45. NBFC
‐
Non Banking Finance Companies
46. NCTC ‐ National Counter ‐ Terrorism Centre
47. NEFT
‐
National Electronic Funds Transfer
48. NSG – Nuclear Suppliers Group
49. PPP – Public Private Partnership & Purchasing Power parity
50. PSLV – Polar Satellite Launch vehicle
51. RTGS
‐
Real Time Gross Settlement
EduGaps /Page No.[9]

52. SLR ‐ Statutory Liquidity Ratio
53. TAPI ‐ Turkmenistan ‐ Afghanistan ‐ Pakistan ‐ India.
54. QFI
‐
Qualified Foreign Investors
55. VVPAT
‐
'Voter Verifiable Paper Audit Trail'
56. Tax Information Exchange Agreement (TIEA)
EduGaps /Page No.[10]