Baroda Raj. Gramin Bank Officers Exam, 2011 : GK Solved Paper

Baroda Rajasthan Gramin Bank Officers Exam., 2011
(Held on 13-3-2011)
General Knowledge : Solved Paper

1. First share market in India was established in which of the following cities ?
(A) Delhi
(B) Chennai
(C) Mumbai
(D) Ahmedabad
(E) Kolkata
Ans : (C)

2. Which of the following is not decided by the Finance Minister while presenting Union Budget every year ?
(A) Rate of Income Tax
(B) Expenditure on Defence Services
(C) Relief packages to various sections of the society
(D) Repo and Reverse Repo
(E) Revenue Expected from various sources
Ans : (D)

3. Which country is at the top in production of silk in the world ?
(A) India
(B) Brazil
(C) Japan
(D) South Korea
(E) China
Ans : (E)

4. Who amongst the following is the President of France at present ?
(A) Hu Jintao
(B) Elena Vesnina
(C) Jakaya Kikwete
(D) Dilma Rousseff
(E) Nicolas Sarkozy
Ans : (E)

5. Which of the following is grown as oil seed ?
(A) Mustard
(B) Garlic
(C) Safed Musli
(D) Urad
(E) Clove
Ans : (A)

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GENERAL AWARENESS MCQs FOR BANK EXAMS

1.Uttar Pradesh Chief Minister Mayawathi has proposed to split Uttar Pradesh into four states. Which of the following is not one of them?
1) Purvanchal
2) Bundelkhand
3) Gorkhaland
4) Awadh Pradesh
5) Paschim Pradesh

2.Which of the following days is celebrated as the National Press Day? (The Press Council of India started functioning on this day in 1966)
1) October 16
2) November 16
3) September 16
4) May 11
5) November 11

3. Binita Soren and Sheelarani Mahato have become the first women mountaineers to climb Mount Saser Kangri in the Eastern Karakoram Range of Himalayas in Ladakh. To which state do they belong?
1) Assam
2) Arunachal Pradesh
3) Jharkhand
4) Manipur
5) Tripura

4.KB Kookmin Bank has its headquarters in which of the following countries?
1) Japan 2) Singapore 3) South Korea
4) Philippines
5) North Korea

5.Who has been honored as the Women's Tennis Association's (WTA) player of the year for 2011?
1)CarolineWozniacki (Denmark)
2) Petra Kvitova (Czech Republic)
3)Victoria Azarenka (Belarus)
4) Maria Sharapova (Russia)
5) Vera Zvonareva (Russia)

6.Union Finance Minister Pranab Mukherjee released a Rs.150 coin to mark 150 years of which of the following institutions in November 2011?
1) Reserve Bank of India 2) State Bank of India
3) Election Commission
4)Union Public Service Commission
5)Comptroller & Auditor General

7.The United States of America signed a security agreement with which of the following countries in November 2011? (Under this agreement 250 U.S. Marines would be stationed in that country)
1) Australia
2) Indonesia
3) Singapore
4) Malaysia
5) China

8.Global energy, healthcare, technological and industrial products major Siemens is plan-ning to invest about Rs.1700 crore in India. Siemens belongs to which of the following countries?
1) Canada
2) Germany
3) Sweden
4) Norway
5) USA

9.The Union Cabinet has agreed for what per cent of Foreign Direct Investment in the pension sector?
1) 20%
2) 49%
3) 26%
4) 100%
5) None of these

10.The Presidents Cup is held once in every two years. It is related to which of the following sports/ games?
1) Cricket
2) Horse Racing
3) Golf
4) Soccer
5) None of these

11.Who is the author of the book 'Dreams from My Father: A Story of Race and Inheritance'?
1) Barack Obama
2) Nelson Mandela
3) Abraham Lincoln
4) Martin Luther King Jr
5) None of these

12.Which of the following cups/trophies is associated with the game of Hockey?
1) Duleep Trophy
2) Merdeka Cup
3) Ranji Trophy
4) Aga Khan Cup
5) Vijay Hazare Trophy

13.Which of the following books is written by V.S.Naipaul?
1) Midnight's Children
2) In a Free State
3) The God of Small Things
4) Inheritance of Loss
5) The White Tiger

14.Who among the following is not a banker?
1) Shika Sharma
2) Renu Challu
3) Chanda Kochhar
4) Kiran Majumdar Shaw
5) Nainalal Kidwai

15.Which of the following organizations/institutions has its headquarters in Manila?
1) Asia Pacific Economic Cooperation
2) Association of South East Asian Nations
3) Asian Development Bank
4) South Asian Association for Regional Cooperation
5) North Atlantic Treaty Organization

16. Which of the following indust-ries is/are owned by the Hinduja Group?
1) Ashok Leyland
2) Hindalco
3) Suzlon Energy
4) Wipro
5) All the above

17. Who is the author of the books 'The Structure of the Universe' and 'Current Issues in Cosmology'?
1) Stephen Hawking
2) Jayant Narlikar
3) Albert Einstein
4) S.Chandrasekar
5) None of these

18. Which of the following terms is not associated with Global Warming?
1) CFCs
2) Carbon di Oxide emission
3) Sub prime crisis
4) Ozone depletion
5) Greenhouse effect

19.Who is the author of the book 'The Golden Gate'?
1) Anita Desai
2) Amitav Ghosh
3) Kiran Desai
4) Vikram Seth
5) None of these

20. Which of the following is not associated with the financial/ banking sector in India?
1) NSE
2) SEBI
3) ISRO
4) NABARD
5) SIDBI

21. Who was honored with this year's Confucius Peace Prize given by China?
1) Angela Merkel
2) Barack Obama
3) Vladimir Putin
4) Manmohan Singh
5) None of these

22.Who headed the committee on Tax Reforms?
1) Vijay Kelkar
2) Raja Chellaiah
3) Y.V.Reddy
4) Usha Thorat
5) None of these

23. Rohan Bopanna excelled in which of the following sports/ games?
1) Chess
2) Squash
3) Golf
4) Lawn Tennis
5) Table tennis

24. Which of the following is a food crop?
1) Cotton
2) Jute
3) Maize
4) Castor
5) Sun hemp

25.Vedanta Resources is related to which of the following areas?
1) Banking
2) Mining
3) Textiles
4) Cement
5) None of these

26. Which of the following terms is used in Banking?
1) Zero Hour
2) Equinox
3) Epicenter
4) Interest Rate Swap
5) Privilege Motion

27.Who is the author of the book 'Half a Life'?
1) V.S.Naipaul
2) Ved Mehta
3) Ved Marwah
4) Mark Tully
5) None of these

28.Which is the largest producer of power in India?
1) Adani Power
2) Tata Power
3) NTPC
4) Reliance Power
5) None of these

29.Parupalli Kashyap is associated with which of the following sports?
1) Athletics
2) Badminton
3) Chess
4) Squash
5) None of these

30.Golden Globe Awards are associated with which of the following fields?
1) Literature
2) Journalism
3) Films
4) Sports
5) None of these

31.Who is the author of the book 'Goodbye Shahzadi', a biography of Benazir Bhutto?
1) Asif Ali Zardari
2) Shyam Bhatia
3) Fatima Bhutto
4) Javier Moro
5) None of these

32.Jean Hersholt Humanitarian Award is bestowed on an individ-ual in the movie industry whose humanitarian efforts have brou-ght credit to show business. Who was given this award for the year 2011?
1) Shakira
2) Angelina Jolie
3) Oprah Winfrey
4) Jennifer Lopez
5) Julia Roberts

33.Which of the following is considered as the world's largest social security programme?
1) JNNURM
2) MGNREGA
3) IAY
4) VAMBAY
5) MMS

34.PAKSAT-1R, Pakistan's first communication satellite, was put into orbit by which of the following countries in August 2011?
1) USA
2) Iran
3) Russia
4) China
5) None of these

35.Who was appointed the Chairman and Managing Director (CMD) of Air India in August 2011?
1) Alok Misra
2) Rajiv Takru
3) Rohit Nandan
4) M.D.Mallya
5) None of these

36.Amar Kant is a renowned writer in which of the following languages?
1) Hindi
2) Kannada
3) Tamil
4) Oriya
5) None

37.J.Harinarayana is the chairman of which of the following institutions?
1) SEBI
2) IRDA
3) CCI
4) CII
5) None of these

38.Vijender Singh is associated with which of the following sports/ games?
1) Athletics
2) Shooting
3) Basketball
4) Archery
5) None of these

39.Which of the following is not a public sector bank?
1) Allahabad Bank
2) Bank of India
3) Bank of Maharashtra
4) South Indian Bank
5) Indian Bank

40.Who among the following is not a politician?
1) Omar Abdullah
2) Sachin Pilot
3) Kamal Nath
4) Kapil Sibal
5) K.C.Chakraborty

41.Somdev Devvarman is associated with which of the following sports?
1) Cricket
2) Hockey
3) Tennis
4) Football
 5) None of these

42.Which of the following banks headquarters is located in Kolkata?
1) UCO Bank
2) Syndicate Bank
3) Vijaya Bank
4) Canara Bank
5) Corporation Bank

43.Which of the following organizations is working for the welfare of women?
1) CRY
2) SEWA
3) FICCI
4) ASSOCHAM
5) None of these

44. Which of the following countries is not a member of SAARC?
1) India
2) China
3) Pakistan
4) Sri Lanka
5) Nepal

45.Which of the following terms is used in Banking?
1) Cold chain
2) Atomic Number
3) Current Account
4) Derby
5) None of these

46.Which of the following schemes provides good healthcare servi-ces in rural areas?
1) MGNREGA
2) IAY
3) ASHA
4) Kutir Jyothi
5) None of these

47.Which of the following is manufactured by POSCO?
1) Cement
2) Nuclear power
3) Steel
4) Textiles
5) None of these

48. Lee Myung-bak is the President of which of the following countries?
1) South Korea
2) Singapore
3) Philippines
4) North Korea
5) None of these

49.Who is the Railway Minister of India?
1) Jaipal Reddy
 2) Dinesh Trivedi
3) Mamata Banerjee
4) Ambika Soni
5) None of these

50.Which of the following books is written by Maxim Gorky?
1) The Mother
2) War and Peace
3) As You Like It
4) Hamlet
5) Othello

ANSWERS:

1. (3) 2. (2) 3. (3) 4. (3) 5. (2) 6. (5) 7. (1) 8. (2) 9. (3) 10. (3)
11. (1) 12. (4) 13. (2) 14. (4) 15. (3) 16. (1) 17. (2) 18. (3) 19. (4) 20. (3)
21. (3) 22. (2) 23. (4) 24. (3) 25. (2) 26. (4) 27. (1) 28. (3) 29. (2) 30. (3)
31. (2) 32. (3) 33. (2) 34. (4) 35. (3) 36. (1) 37. (2) 38. (5) 39. (4) 40. (5)
41. (3) 42. (1) 43. (2) 44. (2) 45. (3) 46. (3) 47. (3) 48. (1) 49. (2) 50. (1)

How to Prepare for Bank Recruitment Exams

This a common question often asked by the students who just started the preparation of bank recruitment exams conducted by reputed public sector banks. Candidates worry about the pattern of questions, difficulty level of those question, the limited time provided during the bank exam and expected cutoffs etc. No doubts all these questions are important while considering the number of candidate appearing in the bank recruitment exams and number of vacancies available. Crowd is so high that it deter many students often very good students to appear in the bank exams. I don't want to fear you but I want you to realize you the hard work and dedication that these exams demands.

To succeed in the bank recruitment examination you requires  three things.

   1. Dedication toward goal

   2. Right Strategy

   3. A lot of Practice.

(1). Dedication toward your Goal.

      You should always keep in your mind that preparation for bank recruitment exam demands hard work and dedication toward goal. You should not fear from the high competition and hard work required for the exam. Remember the only hurdle for success is not competition nor its difficulty but it is the fear for exam in your mind. Get rid of your fear and be ready for a exam that will prove your worth. Make a promise to yourself that the initial failure will not make me deter from my path, I will crack these exam anyhow.

(2). Right Strategy --

     So now you have made a strong determination for success in bank recruitment exam. But remember determination and success is two different thing. Hard work is not sufficient if it is not done in the right manner. Success requires hard work combined with right strategy. So now a new question arises, what should be the right strategy to prepare for the bank exams? 

 There should be different strategy for different stages of preparation.

   A) Strategy at the beginning of preparation- 

            At the beginning of preparation of bank exam focus should be on the basics. Always remember, ignoring the importance of fundamentals may hurt your preparation at later stage so its better to remove dust from the basic concepts of Mathematics, Reasoning, Grammars etc. 

         Start from the Mathematics book of 9th and 10th and quickly remind basics like percentage, profit and loss, Interest rates averages, mensurations, Geometry, Number System etc. 

          For reasoning think about the puzzles you used to love playing during your childhood. Start playing Sudokoo, solve classic puzzles found in different books like relationship puzzles, number arrangement etc. You may think this type of question is irrelevant for bank exam. yes you are right, some of these questions are not relevant but remember it is the primary stage of preparation and your focus is on brushing up your basics. These question will act as a warm up for difficult question. It will create interest and open your mind.

          For English section go through the grammar books of school days. Make a clear cut concept of basic things and try to find out the common grammatical errors people commit during writing or speaking. This will help you solve the common error questions asked in the English section of exam. Also read as much English as you can, improve your vocabulary by collecting word meanings, their antonyms, synonyms and also try to understand the sentence pattern used in the modern English. All these exercise will help you in the later and more serious stage of  exam preparation.

   (B) Strategy at the middle stage-

         Now you have refreshed your fundamental, so be prepare for serious study. Now you have to target the questions asked in the bank recruitment exams. you need to do close analysis on types of questions. List the subjects that you need to study to solve the questions. For example when you see the question from compound interest, percentage, partnership etc you know that I have to study these subject to solve the question. So make a close analysis of all the section, make a list of topic that you have to cover, divide the list on the priority basis, make a time schedule and follow this schedule strictly to complete the topics. Solve old question papers regularly to track your progress, learn everything required for the exam. The more you study better you handle the questions.

    (C). Strategy at the final stage (Speed building stage)-

            This stage is about building speed with accuracy. Practice as much as you can by solving sample question papers or old question papers asked in the various bank exam. Learn from your mistakes and refine your strategy. A lot of practice is the only way of success so don't compromise with practice. Remember main hurdle for success in bank exam is not the difficulty level of question but the time available to solve these questions. Here faster horse will be the winner so build up your speed with PRACTICE,  PRACTICE, and PRACTICE .

          

3) A lot of Practice-

       Remember for the success in the bank recruitment exam there is no alternative of practice. The more you practice the better score will you get. Solve as many question set as you can. Collect question banks of different bank exams and solve them daily. Try a join Mock Test series organized by many coaching institutes to evaluate your progress. Remember you have every thing that a winner have but you need to sharpen your skill to achieve your goal. After all Practice Makes a Perfect. 

IBPS PO Result 2011| IBPS CWE Bank PO Exam Results 2012

Results for IBPS PO Exam are declared by IBPS. The results for CWE(Common Written Exam ) for the post of probationary officers has been uploaded at IBPS official website.
Tha candidates are required to visit the link given below and check their results 2011. The candidates are required to submit their registration number / Roll number and password to retrieve their result.

Click here IBPS Results for PO Exam Result Declared.

IBPS 2011 results, IBPS exam 2011 results, IBPS CWE results 2011, IBPS PO results declared, Institute of Banking Personnel Selection (IBPS) results for Bank PO

Bank P.O. Common Written Exam Solved Paper, 2011 : Computer Knowledge

Bank Probationary Officers Common Written Exam., 2011
(Held on 18-9-2011)
Computer Knowledge: Solved Paper

1. Computer uses the……….number system to store data and perform calculations.
(A) binary
(B) octal
(C) decimal
(D) hexadecimal
(E) None of these
Ans : (A)

2. A disk's content that is recorded at the time of manufacture and that cannot be changed or erased by the user is–
(A) Memory-only
(B) Write-only
(C) Once-only
(D) Run-only
(E) Read-only
Ans : (E)

3. Which of the following can be used to select the entire document ?
(A) CTRL+A
(B) ALT+F5
(C) SHIFT+A
(D) CTRL+K
(E) CTRL+H
Ans : (A)


4. ……….are 'attempts by individuals to obtain confidential information from you by falsifying their identity.
(A) Phishing
(B) Computer viruses
(C) Spyware scams
(D) Viruses
(E) None of the above
Ans : (A)

5. Part number, part description, and number of parts ordered are examples of–
(A) control
(B) output
(C) processing
(D) feedback
(E) input
Ans : (E)

6. A Web site's main page is called its–
(A) Home Page
(B) Browser Page
(C) Search Page
(D) Bookmark
(E) None of these
Ans : (A)

7. The simultaneous processing of two or more programs by multiple processors is–
(A) multiprogramming
(B) multitasking
(C) time-sharing
(D) multiprocessing
(E) None of these
Ans : (D)

8. Codes consisting of lines of varying widths or lengths that are computer-readable are known as–
(A) an ASCII code
(B) a magnetic tape
(C) an OCR scanner
(D) a bar code
(E) None of these
Ans : (D)

9. To instruct Word to fit the width of a column to the contents of a table automatically, click the button and then point to AutoFit Contents.
(A) Fit to Form
(B) Format
(C) Autosize
(D) Contents
(E) AutoFit
Ans : (E)

10. Why is it unethical to share copyrighted files with your friends ?
(A) It is not unethical, because it is legal.
(B) It is unethical because the files are being given for free.
(C) Sharing copyrighted files without permission breaks copyright laws.
(D) It is not unethical because the files are being given for free.
(E) It is not unethical-anyone can access a computer
Ans : (C)

11. Reusable optical storage will typica1ly have the acronym–
(A) CO
(B) DVD
(C) ROM
(D) RW
(E) ROS
Ans : (D)

12. The most common type of storage devices are–
(A) persistent
(B) optical
(C) magnetic
(D) flash
(E) steel
Ans : (D)

13. A device that connects to a network without the use of cables is said to be–
(A) distributed
(B) free
(C) centralized
(D) open source
(E) None of these
Ans : (B)

14. A person who used his or her expertise to gain access to other people's computers to get information illegally or do damage is a–
(A) hacker
(B) analyst
(C) instant messenger
(D) programmer
(E) spammer
Ans : (A)

15. To access properties of an object, the mouse technique to use is–
(A) dragging
(B) dropping
(C) right-clicking
(D) shift-clicking
(E) None of these
Ans : (C)

16. To change selected text to all capital letters, click the change case button, then click–
(A) UPPERCASE
(B) UPPER ALL
(C) CAPS LOCK
(D) Lock Upper
(E) Large Size
Ans : (A)

17. The basic unit of a worksheet into which you enter data in Excel is called a–
(A) tab
(B) cell
(C) box
(D) range
(E) None of these
Ans : (B)

18. You can keep your personal files / folders in–
(A) My folder
(B) My Documents
(C) My Files
(D) My Text
(E) None of these
Ans : (B)

19. In Word you can force a page break–
(A) By positioning your cursor at the appropriate place and pressing the F1 key
(B) By positioning your cursor at the appropriate place and pressing Ctrl+Enter
(C) By using the Insert/Section Break
(D) By changing the font size of your document
(E) None of these
Ans : (B)

20. A DVD is an example of a(n) –
(A) hard disk
(B) optical disc
(C) output device
(D) solid-state storage device
(E) None of these
Ans : (B)

21. The default view in Excel is……….view.
(A) Work
(B) Auto
(C) Normal
(D) Roman
(E) None of these
Ans : (C)

22. The process of transferring files from a computer on the Internet to your computer is called–
(A) downloading
(B) uploading
(C) FTP
(D) JPEC
(E) downsizing
Ans : (A)

23. ……….is the process of dividing the disk into tracks and sectors.
(A) Tracking
(B) Formatting
(C) Crashing
(D) Allotting
(E) None of these
Ans : (B)

24. Help Menu is available at which button ?
(A) End
(B) Staft
(C) Turnoff
(D) Restart
(E) Reboot
Ans : (B)

25. The contents of……….are lost when the computer turns off.
(A) storage
(B) input
(C) output
(D) memory
(E) None of these
Ans : (D)

26. When you save to this, your data will remain intact even when the computer is turned off–
(A) RAM
(B) Motherboard
(C) Secondary storage device
(D) Primary storage device
(E) None of these
Ans : (C)

27. A central computer that holds collections of data and programs for many PCs, workstations, and other computers is a(n) –
(A) supercomputer
(B) minicomputer
(C) laptop
(D) server
(E) None of these
Ans : (D)

28. The……….folder retains copies of messages that you have started but are not yet ready to send.
(A) Drafts
(B) Outbox
(C) Address Book
(D) Sent Items
(E) Inbox
Ans : (B)

29. Grouping and processing all of a firm's transactions at one time is called–
(A) a database management system
(B) batch processing
(C) a real-time system
(D) an on-line system
(E) None of these
Ans : (B)

30. The……….enables you to simultaneously keep multiple Web pages open in one browser window.
(A) tab box
(B) pop-up helper
(C) tab row
(D) address bar
(E) Esc key
Ans : (C)

31. Which ports connect special types of music instruments to sound cards ?
(A) BUS
(B) CPU
(C) USB
(D) MIDI
(E) MINI
Ans : (C)

32. You can……….a search by providing more information the search engine can use to select a smaller, more useful set of results.
(A) refine
(B) expand
(C) load
(D) query
(E) slowdown
Ans : (A)

33. What is the permanent memory built into your computer called ?
(A) RAM
(B) Floppy
(C) CPU
(D) CO-ROM
(E) ROM
Ans : (E)

34. What displays the contents of the active cell in Excel ?
(A) Name box
(B) Row Headings
(C) Formula bar
(D) Task pane
(E) None of these
Ans : (A)

35. The piece of hardware that converts your computer's digital signal to an analog signal that can travel over telephone lines is called a–
(A) red wire
(B) blue cord
(C) tower
(D) modem
(E) None of these
Ans : (D)

36. Video processors consist of……….and………., which store and process images.
(A) CPU and VGA
(B) CPU and memory
(C) VGA and memory
(D) VGI and DVI
(E) None of these
Ans : (C)

37. If you want to connect to your own computer through the Internet from another location, you can use–
(A) e-mail
(B) FTP
(C) instant message
(D) Telnet
(E) None of these
Ans : (D)

38. To reload a Web page, press the……….button.
(A) Redo
(B) Reload
(C) Restore
(D) Ctrl
(E) Refresh
Ans : (E)

39. This first step in the transaction processing cycle captures business data through various modes such as optical scanning or at an electronic commerce website–
(A) Document and report generation
(B) Database maintenance
(C) Transaction processing startup
(D) Data Entry
(E) None of these
Ans : (D)

40. A(n) ……….is a special visual and audio effect applied in Power-point to text or content.
(A) animation
(B) flash
(C) wipe
(D) dissolve
(E) None of these
Ans : (A)

41. When the pointer is positioned on a……….it is shaped like a hand.
(A) grammar error
(B) Formatting error
(C) Screen Tip
(D) Spelling error
(E) hyperlink
Ans : (E)

42. Personal computers can be connected together to form a–
(A) server
(B) supercomputer
(C) network
(D) enterprise
(E) None of these
Ans : (C)

43. A……….is the term used when a search engine returns a Web page that matches the search criteria.
(A) blog
(B) hit
(C) link
(D) view
(E) success
Ans : (E)

44. ……….are words that a programming language has set aside for its own use.
(A) Control words
(B) Control structures
(C) Reserved words
(D) Reserved keys
(E) None of these
Ans : (C)

45. Mobile Commerce is best described as–
(A) The use of Kiosks in marketing
(B) Transporting products
(C) Buying and selling goods/services through wireless handheld devices
(D) Using notebook PC's in marketing
(E) None of the above
Ans : (C)

46. Which of, the following is a storage device that uses rigid, permanently installed magnetic disks to store data/information–
(A) floppy diskette
(B) hard disk
(C) permanent disk
(D) optical disk
(E) None of these
Ans : (B)

47. The computer abbreviation KB usually means–
(A) Key Block
(B) Kernel Boot
(C) Key Byte
(D) Kit Bit
(E) Kilo Byte
Ans : (E)

48. What is the process of copying software programs from secondary storage media to the hard disk called?
(A) Configuration
(B) Download
(C) Storage
(D) Upload
(E) Installation
Ans : (D)

49. In Excel……….allows users to bring together copies of work-books that other users have worked on independently.
(A) Copying
(B) Merging
(C) Pasting
(D) Compiling
(E) None of these
Ans : (B)

50. Which of the following are advantages of CD-ROM as a storage media?
(A) CD-ROM is an inexpensive way to store large, amount of data and information
(B) CD-ROM disks retrieve data and information more quickly than magnetic disks do
(C) CD-ROMs make less errors than magnetic media
(D) An of the above
(E) None of these
Ans : (D)

Banking and Finance terms in India

· What is Open Market operations(OMO)?
The buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system by RBI. Open market operations are the principal tools of monetary policy.


· What is Micro Credit?
It is a term used to extend small loans to very poor people for self-employment projects that generate income, allowing them to care for themselves and their families.


· What is Liquidity Adjustment Facility(LAF)?
A tool used in monetary policy that allows banks to borrow money through repurchase agreements. This arrangement allows banks to respond to liquidity pressures and is used by governments to assure basic stability in the financial markets.


· What is RTGS System?
The acronym ‘RTGS’ stands for Real Time Gross Settlement. RTGS system is a funds transfer mechanism where transfer of money takes place from one bank to another on a ‘real time’ and on ‘gross’ basis. This is the fastest possible money transfer system through the banking channel. Settlement in ‘real time’ means payment transaction is not subjected to any waiting period. The transactions are settled as soon as they are processed. ‘Gross settlement’ means the transaction is settled on one to one basis without bunching with any other transaction.

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