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Jesus replied: “ ‘Love the Lord your God with all your heart and with all your soul and with all your mind.’ This is the first and greatest commandment. And the second is like it: ‘Love your neighbor as yourself.’ All the Law and the Prophets hang on these two commandments.” Matthew 22:37-40

2 Feb 2016


Hi Friends,   The truth is that successful  traders are aware of the two fundamental principles that are the prerequisites of entering the stock market.  All traders should understand them and incorporate them into their trading psychology.  The two secrets or principles are:  1.  There is no way on earth to ever, ever, ever guaranteed profits or returns.  The markets are fluid and evolving each day.  This forces traders to change and adapt their strategies to the every changing market conditions.  Therefore, you must realise that trading is about the numbers.  Focussing on odds trading and risk/reward vs hunches and feelings can lay the foundation for a very long and successful carrier.  2.  You will become successful if you are determined to stick around long enough.  As you read more research,  you will find that more than 75% of all traders quit within the first 3 months, after 6 months, more than 90% are out of the market.  Even with these basic numbers you can see that if you stick around at least 6 months you are already more than 90% likely to become profitable.  So learn as much as possible , don’t try to get rich quick and the rest will handle itself.

Ignorance will get you absolutely  nowhere.  The stock market does not care about your feelings or wants.  And really you shouldn’t care where the market is going so long as you are making money.  The above two principles are the biggest contribution to the losses realized in the stock market today.

Good Luck.                                                                                      See you later.

Objective Business and Economics
Q. The concept of 'Micro Credit' essentially concentrates on
1) consumption smoothening as and when needed
2) providing safe place to hold savings
3) accepting deposits
4) provision of credit to the poor

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Ans: 4
Q. The abbreviation EMI in banking sector stands for
1) Equated Monthly Instalment
2) Equal Monthly Increment
3) Equated Money Instalment
4) Equalised Monthly Instalment

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Ans: 1
Q. The Electronic Funds Transfer at Point of Sale (ESTPOS) is an electronic payment system based on
1) Interner Banking
2) Account Payee Cheques
3) Letters of Credit
4) Debit and Credit Cards

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Ans: 4
Q. Banking Codes and Standard Board of India (BCSBI) has evolved which of the following codes
1) Code of Bank's commitment to customers.
2) Code of Bank's commitment to big industries
3) Code of Bank's commitment to micro and Small Enterprises
4) (1); and (3)

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Ans: 4
Q. According to the provisions of the Income tax Act, 1961, a resident individual is categorised as a 'super senior citizen' when his age is
1) 80 Years
2) 75 Years
3) 90 Years
4) 85 Years

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Ans: 1
Q. The part of a company's earnings or profits which are paid out to shareholders is known as -
1) Capital Gains
2) Taxes
3) Interest on Borrowings
4) Dividends

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Ans: 4
Q. Which of the following is a receipt listed in India and traded in rupees declaring ownership of shares of a foreign company?
1) Indian Depository Receipt (IDR)
2) European Depository Receipt (EDR)
3) Global Depository Receipt (GDR)
4) American Depository Receipt (ADR)

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Ans: 1
Q. Which of the following services relate to execution of transaction directly with consumers, rather than corporations or other banks?
1) Wholesale Banking Services
2) Industrial Banking Services
3) Corporate Banking Services
4) Retail Banking Services

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Ans: 4
Q. A type of fraud wherein criminals use an innocent person's details to open or use an account to carry out financial transactions is known as
1) Identity Theft
2) Hacking
3) Money Laundering
4) Espionage

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Ans: 1
Q. A bank without any branch network that offers its services remotely through online banking, telephone/mobile banking and interbank ATM network alliances is known as
1) Universal Bank
2) Indirect Bank
3) Door Step Bank
4) Direct Bank

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Ans: 4
Q. The Speaker of the Lok Sabha is elected by -
1) Members of Lok Sabha
2) President of India
3) Leader of the majority party in the Lok Sabha
4) None of these

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Ans: 1
Q. IRDA is the Indian regulator for the -
1) Banking sector
2) Mutual funds
3) Rural Development
4) None of these

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Ans: 4

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