Bank PO Questions

Appropriations are annual decisions made by Congress about how the federal government spends some of its money. In general, the appropriations process addresses the discretionary portion of the budget – spending ranging from national defense to food safety to education to federal employee salaries, but excludes mandatory spending, such as Medicare and Social Security, which is spent automatically according to formulas.

Hence, congress grants funds to federal agencies and programs during the appropriations process.

RAM stands for Random Access Memory.

Government appointed former Canara Bank MD & CEO Rakesh Sharma as the new MD & CEO of IDBI Bank for the tenure of six months. Prior to him B. SRiram was the MD & CEO of IDBI Bank and he retired on September 30, 2018.

Small Industries and Development Bank of India (SIDBI) announced a plan to promote micro-enterprises in 115 aspirational districts across the country. It has tied up with Common Service Centre (CSC).

The four main functions of a computer are ::

1. Input,

2. Processing,

3. Output and

4. Storage

Drop Ship refers to, a manufacturer shipping goods directly to one of its customers' customer (instead of delivering the goods to the customer that placed the order with the manufacturer).

This concept of shipping goods is called as drop ship, drop shipping or a drop shipment.