Pandora Box II

• In India the Inter Bank Transfer is possible mainly through 2 methods:
  NEFT – The acronym “NEFT” stands for National Electronic Funds Transfer. Funds are transferred to the credit account with the other participating Bank using RBI’s NEFT service. RBI acts as the service provider and transfers the credit to the other bank’s account.
  RTGS –The acronym “RTGS” stands for Real Time Gross Settlement. The RTGS system facilitates transfer of funds from accounts in one bank to another on a “real time” and on “gross settlement” basis. The RTGS system is the fastest possible inter bank money transfer facility available through secure banking channels in India.
  
  
• Who presented the Union budget 2010-11 in Indian parliament – Pranab Mukherjee
  
  
  
  
• Bear and Bulls related to – Stock Market.
  
  
• Base rate will be implemented from – July 2010.
  
  
• Most Powerful woman in Forbes 2010 list -- Michelle Obama
  
  
• Special Drawing Rights issued by – IMF.
  
  
• GDP stands for – Gross Domestic Product.(Financial& Banking Acronyms)
  
  
• The details of the company's financial position in the annual report of a company is known as – Balance Sheet.
  
  
• NBFC stands for – Non Banking Finance Company.
  
  
• Government has granted 1,200 crore to – Bundelkhand Region.
  
  
• Banking services to rural people termed as – Financial Inclusion.
  
  
• To which country India has given 1billion US dollars – Bangladesh.
  
  
• Who told government must cut its fiscal deficit to 3% – 13th Finance Commission.
  
  
• Chairman of 13th Finance Commission – Vijay Kelkar.
  
  
• South Africa Currency – Rand.
  
  
• Term not related to banking and finance – Cell Fusion.
  
  
• Which country facing Crisis in Europe – Greece.
  
  
• Bill on judicial accountability approved:
  1.This bill provides for a mechanism to deal with complaint against supreme and high court Judges.
  2.This bill also mandates Judges to declare their assets and liabilities.
  
  
• Michelle Obama most Powerful Women in Forbes list 2010
  Three indian women also in that list Indira Nooyi(CEO Pepsi India) 6th, Shikha Sharma 89th, Chanda Kochar(Icici Bank) 92. 
   
• Savitri Jindal not in the list of Powerful women..
  She is in the list of Richest Women.