BankExamsToday Fact Box: Part 2

 

• According to IMF data for 2015, India has the highest number of bank branches in the world. 

• Founding Fathers of IMF & World Bank: John Maynard Keynes and Harry Dexter White 

• first Regional Rural Bank of India: Prathama Bank

• First Joint Stock Bank of India: Allahabad Bank

• Difference between a bank and NBFC: NBFCs cannot issue demand drafts and cannot issue cheques drawn to them

• The concept that measures the inherent volatility of a particular share: Alpha factor

• A period where a new insurance policy owner is able to terminate the contract without penalties: Free Look Period

• The term used to represent one of the stock market trends represented through the index: Chicken market 

• The logo of the bank of Baroda is called by the Bank's people as: Baroda Sun

• The branches of selected banks authorised by the RBI to stock rupee notes and coins are called: Currency Chest

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