banking, investment, and insurance study guide

what is banking ?

the business conducted or services offered by a bank.

what is e-commerce ?

the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the Internet.

What's a bonus interest rate?

A product sometimes has a bonus interest rate on top of its standard interest rate for an introductory period

What's a regular savings account?

A regular saver account is where you pay in a fixed sum of money every month. Interest rates can be attractive, but you probably won't be able to invest a lump sum.

what is short term goal ?

A short-term goal is something you want to do in the near future.

disadvanteg of e-commerce

It is difficult to decide the criteria on which taxes should be charged on the selling of goods over the Internet in case the business and the customer are in different states

what are financial goals ?

an objective that is expressed in or based upon money. Examples include debt reduction, saving for college, etc. Financial goals can be short-, medium- or long-term

what is employability skills ?

the transferable skills needed by an individual to make them 'employable'. Along with good technical understanding and subject knowledge, employers often outline a set of skills that they want from an employee.

5 Questions That Can Determine Your Financial Future

who , what , when , where , why .

what is ethics ?

moral principles that govern a person's or group's behavior.

what is financial ?

pertaining to monetary receipts and expenditures; pertaining or relating to money matters

How much tax will you pay on my savings?

20% income tax from any interest

what is financial planning ?

A comprehensive evaluation of an investor's current and future financial state by using currently known variables to predict future cash flows, asset values and withdrawal plans.

what is flexibilty ?

Being able to change and modify how you do things in response to what others require.

what is leadership ?

Being able to motivate and enthuse others to follow you, understand what makes others tick.

what is communication ?

Being able to produce interesting text which is easy to understand, with correct spelling and grammar Being able to express your ideas and information in way which others find easy to understand

what is problem solving ?

Being able to work out the solution to a problem and express your thinking behind it.

what are the business models for e-commerce ?

Business-to-Business Business-to-Consumer Business-to-Government Consumer-to-Consumer

Name 4 "Don'ts" to insure your personal safety at work.

DON'T give out personal information to anyone. DON'T open doors to anyone after work hours. DON'T leave your car keys or house keys out where someone could get them. DON'T stand alone outside work facility after dark.

advantage of e-commerce

E-commerce has made it easier for businesses to reach people around the world and run their operation without approaching their suppliers directly

explain E-marketing ?

E-marketing is basically a component of E-commerce. Which includes the use of the Internet to advertise goods and services

What are the basic applications of internet?

Electronic mail (E-mail) WWW , File Transfer Protocol (FTP) Telnet

what do Financial Planners do ?

Financial planners advise clients on how best to save, invest, and grow their money

what is a long term goal ?

Goals that take a long time to achieve are called long-term goals

What are examples of "Poor Hygiene?"

Having body odor. Gross teeth and breath. Wearing dirty uniforms or work clothing. Being unshaven.

Which one of the following agency is a creditor's rating agency?

ICRA CARE CRISIL

The Capital Market of Indian financial system deals with which of the following funds?

Long-term Funds

The Deposit insurance facility provided by the DICGC is not available for which of the following

NBFCs

What is effective communication?

Occurs when a desired effect is the result of intentional or unintentional information sharing, which is interpreted between multiple entities and acted on in a desired way

How should you start saving?

Start saving in any way you can and tailor your methods to suit your circumstances.

6.Which of the following bank acts as a government banker

State Bank of India

what are savings ?

The portion of disposable income not spent on consumption of consumer goods but accumulated or invested directly in capital equipment or in paying off a home mortgage, or indirectly through purchase of securities.

what do financial planners help you do ?

They can help you tackle a specific financial goal—such as

What is the impact of poor work attendance on workers and employers?

Workers can lose their jobs. Employer's production/profit goes down. Absence can cause co-workers to do the work of the absent employees.

what is teamwork ?

Working with a group of people so that you are interacting and cooperating with different types of people on different situtations. May involve how you plan, organise, make decisions and achieve together.