Answer: WPI

Explanation:

The Reserve Bank of India (RBI) primarily used WPI inflation for the formulation of monetary policy under monetary targeting framework as well as under multiple indicator approach (MIA)— although inflation measured by other indices was also monitored/ analysed.

Answer: Bandhan Bank

Explanation:

Bandhan Bank is not a nationalized bank, it is a private bank, similar to ICICI Bank, HDFC, AXIS etc. Currently there are 19 nationalised banks in India as per the RBI. Nationalization refers to the Transfer of public sector assets to be operated or owned by the state or central government.

Answer: Money

Explanation:

In financial speak, working capital is the Current Assets and the current Liabilities. Working capital is in the form of cash, Short term debit or inventory.

Answer: Indian Financial System Code

Explanation:

IFSC (Indian Financial System Code) is an 11-digit alphanumeric code that helps to identify different bank branches that deal with online fund transfer either via NEFT (National Electronic Funds transfer ), IMPS (Immediate Payment Service) or RTGS (Real Time Gross Settlement). First four characters of the IFSC code are letters which indicate the name of the bank and the other seven are digits.

Answer: Amortisation

Explanation:

In business, amortization refers to spreading payments over multiple periods. The term is used for two separate processes: amortization of loSol and amortization of assets. In the latter case it refers to allocating the cost of an intangible asset over a period of time.

Answer: Jammu and Kashmir

Explanation:

State Government transactions are carried out by RBI in terms of the agreement entered into with the State Governments in terms of section 21A of the Act. As of now, such agreements exist between RBI and all the State Governments except with the Governments of Jammu and Kashmir and Sikkim.

Answer: the rate charged to a merchant for payment processing services on debit and credit card transactions.

Explanation:

The merchant discount rate is the rate charged to a merchant for payment processing services on debit and credit card transactions. The merchant must set up this service and agree to the rate before accepting debit and credit cards as payment.

Answer: Liquidity Coverage Ratio

Explanation:

Liquidity coverage ratio (LCR) The liquidity coverage ratio is the cash held by the bank to meet the shortage of the market lasting food as long as 30 days. During the period of stress in the market bank can compensate with Liquidity coverage Ratio.

Answer: Section 7

Explanation:

The Section 7 of the RBI Act empowers the government to give directions to the central bank on matters of public interest.

Answer: Airport Authority of India – Navratna

Explanation:

The government has divided all the Public Sector Undertakings mainly in three categories namely Maharatna, Navratna and Miniratna. Airport Authority of India is a Miniratna. Criteria for grant of Miniratna status to CPSEs: Miniratna Category-I status: The CPSEs which have made profit in the last three years continuously, pre-tax profit is Rs. 30 crores or more in at least one of the three years and have a positive net worth are eligible to be considered for grant of Miniratna-I status. Miniratna Category-I status: The CPSEs which have made profit for the last three continuously and have a positive net worth are eligible to be considered for grant of Miniratna-II status. (i) Miniratna CPSEs should have not defaulted in the repayment of loSol/ interest payment on any loSol due to the Government. (ii) Miniratna CPSEs shall not depend upon budgetary support or Government guarantees.