Market-Direct

01/07/2017

What actually should one interpret from PM Modi address at ICAI delhi .

1st of all he just put in front the real practice what the Chartered Accountants are doing in Nation building, by putting in front the facts & figure of Deregistering 1 lakh company Which were established through the help of Financial अर्थशास्त्री .

He firstly in a polite way put in front the real practice, then he suggested that from Now you can change & be part with Nation Building.

At the end he just give an hint of doing something which can be bigger than 8/11.

Frm. Navinkumar Bhojwani

05/06/2017

be Caution

Maharashtra Real Estate Regulatory Authority issues 1st SCN to a Brokers for Advertising the Project without geting Registration under

The notice has been issued to Sai Estate Consultants for Advertising the multiple Residential Project that have not been Registered.

Under the New law Every Builder/Developer & Brokers are Required to Register the project with Requisite Documents & fees before Commencement of the Project.

They are also required to Register the existing project within 90 Days of Commencement of the RERA Act.

Though Many builders & Brokers haven't registered yet, but action taken by MahaRERA of issue of SCN indicates the Authority is functioning.

The Builders & Brokers have no option but to complete the process of Registration.

16/01/2016

Summary some Major Highlights by P.M Narendra Modi

10/12/2015

case in a nut shell.
National herald (NH) was started during 1930s by nehru and was publishing news paper.
During the course of time it accumulated land and wealth of 5000crs.
In 2000s it went into loss and had 90crs debt.
NH's directors Sonia ,Rahul, and Motilal vohra decided to sell it to Young India Ltd.
Now the funny part.
Young India's directors were Sonia, Rahul, Oscar farnandes and motilal vohra.
Deal was that young India would clear NH's 90cr loan and in return get assets worth 5000 cr.
To strike this deal motilal vohra spoke to motilal vohra bcoz he was director of both companies.
Now comes the twist.
To clear the 90 cr debt, young Indian, asks Congress party to give loan of 90 cr. So congress calls a meeting , party president, VP, gen sec, treasurer attends it. Who are these ppl ?? Sonia, Rahul, Oscar and motilal vohra respectively. Congress gives loan. Who approves it, treasurer,motilal vohra.
So congress treasurer vohra, gives loan to young India, its director vohra takes it and gives it to NH director vohra.
Hold on the fun doesn't stop here.
Next day congress party calls meeting, who attends it ??
Sonia, Rahul, Oscar, vohra . they decide that NH has done lot of service to the country during freedom fight, let's write off the loan.
So 90cr loan is written off.
Great. Young India with 36% share held be sobia and Rahul each , rest owned by Oscar and vohra gets property worth 5000cr, including 11 stories flat at bahadur shah zafar marg in Delhi, which is rented out to passport office and other offices.

Wow this is what is called creation. Creating everything out of nothing. 5000crs out of thin air!!!!

There was a newspaper setup by in the freedom struggle called "National Herald". It also had a Urdu edition called 'Quami Awaz' & hindi ediion called "Navjee...

15/10/2015

The Profit Making giant 2500cr may open on 26th October

15/10/2015

Now Cars to be sold Online! ! GM ties hands with for the New

10/10/2015

Thats like an IPO should be

Italian luxury carmaker Ferrari expects its U.S. initial public offering to be priced in a range of between $48 and $52 per share, which could value the company at up to $9.8 billion, it said.

25/08/2015

24/08/2015

It was a classic good odd correction with falling 1624 pts & 490 Points, which shall be taken as an opportunity for investment, people with courage will Remember 2015 a day where there was nearly a FLAT 20% sale on many stocks.It was not a , mostly all was due to Global Sentiments which were flowing on the news of who Depreciated its currency so to bring Back its Exports on Line &Crude falling at 6 yrs low, which is beneficial for India. keeping aside the Global clues it can be said it was a Season's sale for the entry into the market as an opportunist futuristic market.

17/08/2015

📌Important Banking Awareness Questions :

1. MICR code consists of how many digits?
Ans: 9 digits.
(First three digits denotes city, next three digits
representing the bank and the last three digits
representing the bank branch)

2. What is the minimum limit in RTGS system?
Ans: 2 lakhs (there is no upper limit in RTGS)

3. What is full form of CTS?
Ans: Cheque Truncation System

4. Under which service, customers may access their
bank account and perform basic transactions from
any of the member branch offices.
Ans: Core Banking Solution (CBS)

5. Exchange of cash flow in different currency is
known as:
Ans: Currency Swap

6. Assets or loans which stop performing after 90
days is known as:
Ans: Non Performing Asset (NPA)

7. Who controls the Monetary Policy in India?
Ans: RBI (Reserve Bank of India)

8. Which card is
issued by NPCI (National Payments Corporation of
India)?
Ans: RuPay Card

9. Definition of Current Account deficit:
Ans: 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.

10. Full form IFSC –
Ans: Indian Financial System Code

11. Commercial paper can be issued for a maximum
period of:
Ans: 365 days or 1 year.

12. The Mutual funds in India follow accounting
standards laid by:
Ans: SEBI (Securities and Exchange Board of India)

13. Minimum amount for Certificate of Deposit has
been fixed at:
Ans: Rs. 1 Lakh

14. AML is a term mainly used in the financial and
legal industries. Expand the term AML:
Ans: Anti Money Laundering

15. PIN is a number allocated to an individual and
used to validate electronic transactions. Expand
PIN:
Ans: Personal Identification Number

16. What is Repo rate?
Ans: It is the rate is the rate at which RBI lends
money to the commercial banks.

17. What is Stale Cheque?
Ans: A cheque which is presented to a bank after 3
months from date of issue is considered as stale
cheque and will often not be honored for cash or
deposit at a bank.

18. What is Bancassurance?
Ans: The selling of life assurance and other
insurance products and services by banking
institutions.
19. The objective of KYC guidelines is to prevent
banks from being used, intentionally or
unintentionally, by criminal elements for money
laundering or terrorist financing activities. What is
the full form of KYC?
Ans: Know Your Customer (KYC)

20. Know Your Customer (KYC) guidelines are
issued under:
Ans: Section 35A of the Banking Regulation Act,
1949

21. In BSBDA (Basic Savings Bank Deposit Account)
the credits in a financial year does not exceed
rupees:
Ans: Rs. 1 lakh

22. In BSBDA (Basic Savings Bank Deposit Account)
the balance at any point of time does not exceed
rupees:
Ans: Rs. 50,000

23. In BSBDA (Basic Savings Bank Deposit Account)
the withdrawals and transfers in a month does not
exceed rupees:
Ans: Rs. 10,000

24. At which rate RBI give loans to commercial
banks?
Ans: Repo rate

25. Full form of CASA:
Ans: Current Account Saving Account

26. In what denominations Commercial Paper (CP)
can be issued?
Ans: Rs. 5 lakh

27. What is the minimum denomination of Treasury
bills to issue in India?
Ans: Rs. 25,000

28. Who cannot issue Certificate of Deposit (CD)?
Ans: Regional Rural Banks (RRBs) and Local Area
Banks (LABs)

29. Expand ASBA:
Ans: Application Supported by Blocked Amount

30. Depositor Education and Awareness Fund
(DEAF) is maintained with:
Ans: RBI

31. Cash Reserve Ratio (CRR) is the amount of
funds that the banks have to keep with:
Ans: Central Bank (RBI)

32. What is the maximum amount per transaction
NEFT limit for cash-based remittances to Nepal?
Ans: Rs. 50,000

33. What does CAR stands for?
Ans: Capital Adequacy Ratio

34. IFSC code consists of _____ alpha numeric
code.
Ans: 11 digits
(The IFSC is an 11 digit alpha numeric code, with
the first four digits identifying the bank, fifth is
numeric (kept 0) and the last six digits represent
the bank branch.)

35. When money is lent or borrowed for one day or
on overnight basis it is known as:
Ans: Call Money

36. When money is lent or borrowed for between 2
days and 14 days it is known as:
Ans: Notice money

37. When money is lent or borrowed for a period of
more than 14 days, it is known as:
Ans: Term money

38. Treasury Bills and Certificate of Deposit are
considered as the ____instruments.
Ans: negotiable money market

39. Commercial Paper (CP) is an unsecured money
market instrument issued in the form of a _____.
Ans: Promissory note.

40. What is the upper limit in Public Provident Fund
(PPF)?
Ans: Rs. 1.5 lakhs

41. As per RBI guidelines, with effect from April
1, 2012, the validity period of Cheques, Demand
Drafts, Pay Orders and Banker's Cheques is _____.
Ans: 3 months

42. What is the time limit for an asset or loan to
be declared as Non-Performing Asset?
Ans: 90 days

43. Deposit Insurance and Credit Guarantee
Corporation (DICGC) does not cover:
Ans: Primary co-operative societies

44. RBI measure to liquidate the market:
Ans: Repo rate.

45. Full form of EFT:
Ans: Electronic Fund Transfer

46. Fastest mode of transaction:
Ans: RTGS

47. Alphanumeric code on cheque is known as:
Ans: Indian Financial System Code (IFSC)

48. Bank pays interest on savings account?
Ans: Daily Basis

49. What is the loan limit for education under
priority sector for studies abroad?
Ans: Rs. 20 lakh
(Loans to individuals for educational purposes
including vocational courses upto Rs.10 lakh for
studies in India and Rs. 20 lakh for studies abroad
are included under priority sector.)

50. RuPay Card is an Indian version of credit/
debit card is launched by which organization:
Ans: NPCI (National Payments Corporation of India)

51. Fixed Deposit (FD)Account may be opened for a
minimum period of:
Ans: 7 days

52. What is the minimum amount required to open
a Fixed Deposit (FD)?
Ans: Rs.1000

53. The Banks has converted all ‘no - frills'
accounts’ into:
Ans: Basic Savings Bank Deposit Accounts

54. 'Pradhan Mantri Jan Dhan Yojana' is a Scheme
for:
Ans: Financial inclusion

55. How much overdraft facility to be provided in
'Pradhan Mantri Jan Dhan Yojana' scheme?
Ans: Rs. 5,000

56. In CBS, C stands for:
Ans: Core

57. In CRAR, A stands for:
Ans: Assets (Capital to Risk Weighted Assets Ratio)

58. IMPS - Immediate Payment Service is an
interbank electronic instant mobile money transfer
service through mobile phones in India, the facility
is provided by:
Ans: NPCI (National Payment Corporation of India)

59. The Central Bank of India has adopted new
measure of inflation:
Ans: Consumer Price Index (CPI)

60. When a cheque is torn into two or more pieces
and presented for payment, such a cheque is
called:
Ans: mutilated cheque

61. How much fee charged to file a complaint
under Banking Ombudsman? Ans: Banking
Ombudsman does not charge any fee

62. Who is the appellate authority in Banking
Ombusdsman?
Ans Deputy Governor of RBI 63. If any customer is
not satisfied by the decision of Banking
Ombudsman, customer can appeal against the
award before the appellate authority within how
many days from the date of receipt?
Ans 30 days

64. ATMs or Cash Dispensing machine which are
owned and operated by Non-Banking Financial
Companies are called:
Ans: White Label ATMs.

65. RBI gave in-principle for Banking license to:
Ans: IDFC and Bandhan

66. Minimum capital requirement for new banks in
private sector is:
Ans: Rs. 500 crore

67. A Non-Banking Financial Company (NBFC) is a
company registered under the:
Ans: Companies Act, 1956

68. Minimum capital requirement for Non-Banking
Financial Company (NBFC) is:
Ans: Rs. 500 crore

69. The NBFCs are allowed to accept/renew public
deposits for a minimum period of:
Ans: 12 months ( and maximum period of 60
months)

70. A NBFCs cannot offer interest rates higher
than the ceiling rate prescribed by RBI? What is
the present ceiling?
Ans: 12.5 per cent per annum

71. Minimum capital requirement for Foreign banks
that want to set up operations in India is:
Ans: Rs. 500 crore

72. What is the minimum paid-up capital
requirement of both small banks and payments
banks in India?
Ans: Rs. 100 crore

21/02/2015

MCA to roll out Phase One of New Accounting Standards.. In 2016-17!

20/02/2015

Stock Market to be Open on Saturday 28 February The Union Budget Day..