Dear Candidate,
Purpose :To prepare for written exam of SBI JUNIOR ASSOCIATES (CLERK)/ SBI PO
Must spend one hour for this section.
Out of this one hour :
Spend 15 min : visit following very useful website,:
http://bankinterview.in/
on home page you will link for 600 important questions on banking/financial aspects. click that
Learn following :
Balance of payments, on the other hand, is a more comprehensive concept because it covers (a) visible items (i.e., balance of trade or merchandise account) and (b) invisible items.
Invisible items are those items which are not recorded in the customs returns; for example, services (such as transpiration, banking, insurance, etc.), capital flows, purchase and sale of gold, etc.
Thus, balance of payments is a broader term than balance of trade; balance of payments includes both visible as well as invisible items, whereas balance of trade includes only visible items.
Purpose :To prepare for written exam of SBI JUNIOR ASSOCIATES (CLERK)/ SBI PO
Must spend one hour for this section.
Out of this one hour :
Spend 15 min : visit following very useful website,:
http://bankinterview.in/
on home page you will link for 600 important questions on banking/financial aspects. click that
last year in all banking exam most questions came out of these questions only.
you must cram min 15 Questions out of these 600 QA today.
Spend 30 min :
read any current affair magazine
Spend 15 min:
Definition of 'Inflation'
The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling. Central banks attempt to stop severe inflation, along with severe deflation.
Explanation of 'Inflation'
As inflation rises, every Rupee will buy a smaller percentage of a goods.
The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling. Central banks attempt to stop severe inflation, along with severe deflation.
Explanation of 'Inflation'
As inflation rises, every Rupee will buy a smaller percentage of a goods.
DEFINITION OF 'CONSUMER PRICE INDEX - CPI'
A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and averaging them; the goods are weighted according to their importance. Changes in CPI are used to assess price changes associated with the cost of living.
A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and averaging them; the goods are weighted according to their importance. Changes in CPI are used to assess price changes associated with the cost of living.
Sometimes referred to as "headline inflation."
Core Inflation is a measure which excludes transitory or temporary price volatility as in the case of some commodities such as food items, energy products etc.
Definition of 'Fiscal Deficit'
When a government's total expenditures exceed the revenue that it generates (excluding money from borrowings).
Deficit is a shortfall in revenue;
Deficit is a shortfall in revenue;
Definition of 'Current Account Deficit'
A measurement of a country’s trade in which the value of goods and services it imports exceeds the value of goods and services it exports. The current account also includes net income, such as interest and dividends, as well as transfers, such as foreign aid, though these components tend to make up a smaller percentage of the current account than exports and imports. The current account is a calculation of a country’s foreign transactions, and along with the capital account is a component of a country’s balance of payment.
A measurement of a country’s trade in which the value of goods and services it imports exceeds the value of goods and services it exports. The current account also includes net income, such as interest and dividends, as well as transfers, such as foreign aid, though these components tend to make up a smaller percentage of the current account than exports and imports. The current account is a calculation of a country’s foreign transactions, and along with the capital account is a component of a country’s balance of payment.
What is the difference between Balance of Payments and Balance of Trade?
Balance of payments should be distinguished from balance of trade.
Balance of payments should be distinguished from balance of trade.
Balance of trade refers to the export and import of visible items, i.e., material goods. It is the difference between the value of visible exports and imports.
Visible items are those items which are recorded in the customs returns; for example, material goods exported and imported.
Visible items are those items which are recorded in the customs returns; for example, material goods exported and imported.
If the value of visible exports is greater than that of visible imports, the balance of trade is favourable.
If the value of visible imports is greater than that of visible exports the balance of trade is unfavourable;
If the value of visible imports is greater than that of visible exports the balance of trade is unfavourable;
if the value of visible exports is equal to that of visible imports, the balance of trade is in equilibrium.
Balance of payments, on the other hand, is a more comprehensive concept because it covers (a) visible items (i.e., balance of trade or merchandise account) and (b) invisible items.
Invisible items are those items which are not recorded in the customs returns; for example, services (such as transpiration, banking, insurance, etc.), capital flows, purchase and sale of gold, etc.
Thus, balance of payments is a broader term than balance of trade; balance of payments includes both visible as well as invisible items, whereas balance of trade includes only visible items.
What Is GDP:
Gross Domestic Product or GDP represents the total value of all final goods and services produced within a country's borders within a particular time period, typically a year.
Real And Nominal GDP:
Nominal GDP is calculated at current prices and does not factor in inflation. Real GDP is GDP adjusted for inflation.
Gross Domestic Product or GDP represents the total value of all final goods and services produced within a country's borders within a particular time period, typically a year.
Real And Nominal GDP:
Nominal GDP is calculated at current prices and does not factor in inflation. Real GDP is GDP adjusted for inflation.
For written exam/ interview guidance , you may contact:
ANIL AGGARWAL SIR( P.O. 1982 BATCH)
EX CHIEF MANGER ,PUNJAB NATIONAL BANK.
Mobile: +91 9811340788
E-mail ID: anilakshita@yahoo.co.in
Office: Flat #49, Trilok Apartments, Patparganj, I.P. Extension, Delhi-110092.
Follow us at:
Facebook Page: https://www.facebook.com/AnilAggarwalJobguidancehub
Website: http://bankinterview.in/
No comments:
Post a Comment