Current Affairs Q&A
Current Affairs Q&A PDF Explanation: On October 1, 2018, SBI halved the withdrawal limit from Rs. 40,000 to Rs. 20,000 per day. This was targeted for debit cards of the ‘Classic’ and ‘Maestro’ platfroms. The main objective in doing so was to reduce the number of fraudulent transactions and promote cashless transactions. This move would be effective form October 31, 2018 as according to Banking Codes & Standards Board of India (BCSBI) guidelines, at least 30 days’ notice has to be given to customers for any change in terms and conditions or charges. 3)Which stock exchange has launched 2 dynamic asset allocation indices namely Nifty 50 & short duration debt –Dynamic P/E index and Nifty 50 & short duration debt – Dynamic P/B index? 1) National Stock Exchange (NSE) 2) Bombay Stock Exchange (BSE) 3) Calcutta Stock Exchange (CSE) 4) Indian Stock Exchange (ISE) 5) None of these Answer – 1) National Stock Exchange (NSE) Explanation: On October 1, 2018, National Stock Exchange (NSE) launched 2 dynamic asset allocation indices designed to combine equity and debt. These indices are: • Nifty 50 & short duration debt –Dynamic P/E index and • Nifty 50 & short duration debt – Dynamic P/B index. The indices compare the current price-earnings ratio (P/E) or price-book ratio (P/B) with historical P/E or P/B ratio of Nifty 50 in the previous seven years. In these indices, the maximum allocation to equity is 80 per cent and minimum allocation is 65 per cent. This will help fill the gap due to the absence of a relevant benchmark for performance comparison of the popular dynamic asset allocation category offered by mutual funds in the country.
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