Banking Terms for competitive exams PART-3

1. BOP: - BOP stands for Balance of payment. It is also known as the balance of International Payments. All the economic activities which are held with residents of country and non-residence of the country. These transactions and activities are made by government and individual also. BOP includes all external and non-visible transaction of the country.
2. CAD: - CAD stands for Capital Account Deficit. For calculating CAD, we have to find out the sum of all trade deficit, net income from abroad, net transfers.CAD = Trade deficit + Net Income from Abroad + Net Transfers
3. CAG: - CAG stands for Controller and Auditor General of India. This auditor general is appointed by the President of India. The current CAG of India is Shashi Kant Sharma. He was appointed in 2013. He is the 12th CAG of India.
4. CAMELS: - CAMELS stands for Capital Adequacy Asset Quality, Management, Earning, Liquidity, Systems & Controls. In 1995, Federal Reserve of  India changed this abbreviation CAMEL to CAMELS.
5. CBS: - CBS stands for Consolidated Banking Statistics. It provides its banking service only to the central banks and other international organizations.