Digital Assignment 1: Banking and Insurance

NAME: JEEVAN SANJAY K

REG NO: 20BBA0091

Fill in the blanks 10 x 1 = 10 Marks

1) The apex institution in agricultural finance is NABARD (National Bank for Agriculture and Rural
Development).

2) RBI (Reserve Bank of India) is the apex banking institution in long term bank finance.

3) Supplier’s Credit and Buyer’s Credit are two of the most common financing options for
exporters.

4) Decryption is the process of converting the coded text to its original form.

5) A Floating change is a charge created on assets that undergo changes frequently.

6) Loan Syndication is when a group of banks come together to finance a transaction.

7) Self-Help Groups (SHGs) is a small group of rural poor who come together for mutual
benefits.

8) Forfaiting refers to the sale of receivables to a financial institution usually on a non-

recourse basis.

9) Minimum Capital Requirement of a foreign bank to obtain banking license in India is

$25 Million spread over 3 branches.

10) SIDBI (Small Industries Development Bank of India) was set up in 1990 for promotion,
financing and development of the Micro, Small and Medium enterprises in India.