1. Who clinched this year’s Indian Premier League Cricket Trophy? Answer : Mumbai Indians 2. Who tops the list of the world’s most powerful women, released by Forbes Magazine recently? Answer : Angela Merkel, she has been the Chancellor of Germany since 2005. 3. The Indian Space Research Organization (ISRO) Navigation Centre was set up at: Answer : Byalalu, about 40km from Bangalore 4. The Muttathu Varkey literary award was presented to: Answer : C.V Balakrishnan 5. Who received this year’s Man Asian Literary Prize? Answer : Tan Twan Eng. He got the award for his novel ‘The Garden of Evening Mists’. 6. How many languages in India have been conferred classical statuses so far? Answer : Five (Sanskrit, Tamil, Kannada, Telugu and Malayalam) 7. The Japanese historian and writer who was awarded Padmashree this year? Answer : Noboru Karashimna 8. Which Keralite was appointed as Chief Justice of Sikkim High Court? Answer : Justice Pius C Kuriakose 9. Who received this year’s Swathithirunal Sangeetha Award? Answer : V Dakshinamoorthy 10. M.R Venkatesh became India’s 28th Chess Grand Master in July 2012. He belongs to which state? Answer : Tamil Nadu 11. Who won the 2012 Laureus Sportsman of the year Award? Answer : Novak Djokovic 12. What is the name given to India’s mission to Mars in November 20, 2013? Answer : Mars Orbiter Mission 13. 7th G-20 Summit was held in which country? Answer : Mexico 14. The current winners of the UEFA Champions League. Answer : Bayern Munich 15. The award winning and internationally known Bengali Film director who passed away on May 30? Answer : Rithuparno GhoshA person who believes in fate ? Fatalist ONE WORD SUBSTITUION:: A person who is above hundred years ? Centenarian A book published after the death of its author ? Posthumas A book written by an unknown author ? Anonymous A cinema show which is held in the afternoon ? Matinee A citizen of the world ? Cosmopolite A contagious disease which spreads over a huge area ?Epidemic A drug or other substance that induces sleep ? Soporific A flesh eating animal ? Carnivorous A game in which neither party wins ? Draw A game or batter in which neither party wins ? Drawn/ Tie A Government by a king or queen ? Monarchy A Government by one ? Autocracy A Government by the few ? Oligarchy A Government by the Nobles ? Aristocrac IMPORTANT BANKING ABBREVIATON:: 1. NABARD - National Bank for Agricultural & Rural Development 2. RTGS - Real Time Gross Settlement 3. NEFT - National Electronic Fund Transfer 4. NAV - Net Asset Value 5. NPA - Non Performing Asset 6. ASBA - Account Supported by Blocked Amount 7. BIFR - Board for Industrial and Financial Reconstruction 8. CAMELS - Capital Adequacy, Asset Quality, Management Earnings, Liquidity, Systems & Controls 9. BCSBI - Banking Codes & Standard Board of India 10. BIS – Bank for International Settlement 11. BCBS – Basel Committee on Banking Supervision 12. BOP - Balance of Payment 13. BOT - Balance of Trade 14. BPLR – Benchmark Prime Lending Rate 15. CCIL – Clearing Corporation of India Ltd. 16. CIBIL - Credit Information Bureau of India Ltd. 17. CRISIL - Credit Rating Information Services of India Ltd. 18. CBLO - Collateralised Borrowing & Lending Obligation 19. CPI - Consumer Price Index 20. ADR – American Depository Receipts 21. GDR – Global Depository Receipts 22. ALM - Asset Liability Management 23. ARC – Asset Reconstruction Companies 24. FINO - Financial Inclusion Network Operation 25. CTT - Commodities Transaction Tax 26. CRM - Customer Relationship Management 27. KYC - Know Your Customer 28. SLR - Statutory Liquidity Ratio 29. CRR - Cash Reserve Ratio 30. MSF - Marginal Standing Facility 31. REPO - Repurchase Option 32. NBFC - Non Banking Finance Companies 33. OSMOS - Off-Site Monitoring & Surveillance 34. IFSC - Indian Financial System Code 35. BSE - Bombay Stock Exchange 36. NSE - National Stock Exchange 37. SWIFT - Society for Worldwide Interbank Financial Tele communication 38. FSLRC – Financial Sector Legislative Reforms Commission 39. LAF – Liquidity Adjustment Facility 40. DRT – Debt Recovery Tribunals 1.Mercedes - Name of the daughter of the founder. 2.Nokia- Name of city in Finland. 3.Pepsi - Named from the digestive enzyme pepsin. 4.Honda - From the name of its founder Soichiro Honda. 5.Sony - from the Latin word sonus meaning sound. 6.Maggi - Food company named after its founder,Julius Maggi 7.Suzuki - From the name of its founder, Michio Suzuki. 8.Samsung - Meaning three stars in Korea. 9. Toyota - From the name of founder, Sakichi Toyoda. 10.Yamaha - After Torakusu Yamaha, who founded the company. 11.Adidas - From the name of the founder Adolf (Adi) Dassler (das). 12.Apple – For the favorite fruit of co-founder Steve Jobs. 13. BMW – Bayerische Motoren Werke, (Bavarian Motor Works). 14. Coca-Cola – derived from the coca leaves and kola nuts used as flavoring. Coca-Cola creator John S. Pemberton changed the K of kola to C to make the name look better. Q1. Guna in Madhya Pradesh was recently making news for inauguration of a new ___? Ans. Spices Park Q2. Balasya Moolam Vijnanam(Knowledge begets strength) is the motto of ____: Ans. DRDO Q3. In which state of India, National Saffron Mission (NSM) is being implemented? Ans. Jammu & Kashmir Q4. In a recent decision taken by the government, the Foreign Direct Investment (FDI) limit in insurance has been hiked from 26% to ___: Ans. 49% Q5. Which country launched smart identity document to honour former president Nelson Mandela? Ans. South Africa Q6. Who is appointed as coach of Lucknow Warriors owned by Sahara India for Indian Badminton League? Ans. Muhammad Hafiz Hashim Q7. Which country celebrated its national day on 21st July and as Prince Philippe became its 7th king? Ans. Belgium Q8. Who became the first Caribbean sports personality to be named brand ambassador of BMW? Ans. Darren Sammy Q9. Who has been ranked as the world’s richest person with total worth of USD 72.7 billion as per billionaire index published by Bloomberg in May 2013? Ans. Bill Gates Q10. Who has became the first female Pakistani to scale the world’s tallest mountain, Mount Everest in May 2013? Ans. Samina Bai 1 Andaman&Nicobar U.T. A. K. Singh(Lieutenan t-Governor) 2 Andhra Pradesh Nallari Kiran Kumar Reddy Shri. E. S. L. Narasimhan 3 ArunachalPrades h Nabam Tuki Nirbhay Sharma 4 Assam Shri Tarun Gogoi Janaki Ballabh Patnaik 5 Bihar Shri Nitish Kumar D. Y. Patil 6 Chandigarh U.T. Shri Shivraj V. Patil (Administrator) 7 Chhattisgarh Dr. Raman Singh Shri ShekharDutt 8 Goa Shri Manohar Parrikar Shri Bharat Vir Wanchoo 9 Gujarat Shri NarendraModi Dr. Kamla Beniwal 10 Haryana Shri BhupinderSinghH ooda Shri JagannathPahadi a 11 HimachalPradesh Virbhadra Singh Urmila Singh 12 Jammu and Kashmir Omar Abdullah NarinderNath Vohra 13 Jharkhand Hemant Soren Dr. Syed Ahmed 14 Karnataka Shri K. Siddaramaiah Hansraj Bhardwaj 15 Kerala Shri OommenChandy Shri Nikhil Kumar 16 Madhya Pradesh Shri Shivraj SinghChouhan Ram Naresh Yadav 17 Maharashtra Shri Prithviraj Chavan K. Sankaranarayana n 18 Manipur Shri Okram Ibobi Singh Sh. Gurbachan Jagat 19 Meghalaya MukulSangma K. K. Paul 20 Mizoram Pu Lalthanhawla Shri Vakkom Purushothaman 21 Nagaland Shri Neiphiu Rio Shri Ashwani Kumar 22 New Delhi Smt SheilaDikshit Najeeb Jung(Lieutenant -Governor) 23 Orissa Sh. NaveenPatnaik Shri S. C. Jamir 24 Puducherry Shri N. Rangasamy Virendra Kataria (Lieutenant-Gov ernor ) 25 Punjab Shri Parkash SinghBadal Shri Shivraj Patil 26 Rajasthan Shri Ashok Gehlot Smt. MargaretAlva 27 Sikkim Shri Pawan Kumar Chamling Shriniwas DadasahebPatil 28 Tamil Nadu SushreeJ. Jayalalithaa Konijeti Rosaiah 29 Tripura Shri Manik Sarkar Shri Devanand Konwar 30 Uttar Pradesh Akhilesh Yadav Shri Banwari Lal Joshi 31 Uttarakhand Vijay Bahuguna Aziz Qureshi 32 West Bengal Km. Mamata Banerjee Shri M. K Narayanan 33 Dadra and Nagar Haveli U.T. Shri B.S. Bhalla (Administrator) 34 Daman and Diu U.T. Shri B.S. Bhalla (Administrator) 35 Lakshadweep U.T. Shri H. RajeshPrasad 1. LCR: Liquidity Coverage Ratio 2. NSFR: Net Stable Funding Ratio 3. LRMT: Liquidity risk monitoring tools 4. CBS: Core Banking Solution 5. CRAR: Capital to Risk-weighted Assets Ratio 6. ECB - External Commercial Borrowings 7. SWIFT: Society for Worldwide Interbank Financial Telecommunication 8. FSLRC: Financial Sector Legislative Reforms Commission 9. MIBOR: Mumbai Inter-Bank OfferRate 10. LIBOR: London Inter-Bank Offer Rate 11. LAF – Liquidity Adjustment Facility 1. New Egypt’s interim President - Adli Mansour replaced Mohammed Morsi 2. New Prime Minister of Palestine - Rami Hamdallah 3. Susan Elizabeth Rice, the American ambassador to the United Nations was appointed as the National Security Adviser of US President Barack Obama 4. Hassan Rohani – New President of Iran 5. Libya Deborah Jones New US Ambassador to Libya 6. John Ashe elected as the President of UN General Assembly: 7. James Comey next FBI director. He succeeded Robert Mueller. 8. Darren Lehmann New Australia coach 9. Sheikh Abdullah to be Qatars new PM 10. Kevin Rudd new Australian Prime Minister. He succeeded Julia Gillard. 11. Elbegdorj Tsakhia new Mongolia President 12. Ayaz Sadiq elected as the Speaker of the National Assembly of Pakistan 13. Burundis Lydia Nsekera became the first woman to be elected to the FIFA Executive Committee (ExCo) for a full term of four years 14. Srikanth Srinivasan - first ever Indian-American judge in the U.S. Supreme Court 15. New Pakistan P.M : Nawaz Sharif, Political Party[Pakistan Muslim League (N)] 16. New Bangladesh President: Abdul Hamid 17. Head of WTO (World Trade Organisation): Roberto Azevedo 18. New President of ADB (Asian Development Bank): Takehiko Nakao. He succeeded Haruhiko Kuroda 19. New King of Netherlands: Willem-Alexander 20. Bangladesh first woman Speaker: Shirin Sharmin Chaudhury 21. New Malaysia Prime Minister: Najib Razak 22. Nicolas Maduro – New President of Venezuela 23. Horacio Cartes – New President of Paraguay’s 24. Enrico Letta – New PM of Italy 25. XI Jinping – New President of China (succeeded Hu Jintao). 26. Li Keqiang – New Prime Minister of China (succeeded Wen Jiabao). 27. Khil Raj Regmi – New Prime Minister of Nepal 28. Park Geun-hye - President of S. Korea (1st women president). 29. Raul Castro - President in Cuba 30. Shinzo Abe - New PM of Japan. 31. John Kerry- The secretary of state (US). 32. Rafael Correa - Ecuador’s President re-elected for a Third Term. 33. Tony Hall - New Director General of BBC. 34. The new Argentine pope Jorge Mario Bergoglio (76) - new Pope becomes the 266th pontiff. 35. Mittal Jack Lew (democratic Party) - US Treasury Secretary Administration, replacing Geithner. 36. Milos Zeman - Czech Republic’s President (First Directly Elected President). 37. Sally Jewell - U.S. Interior Secretary. 38. Nicos Anastasiades - President of Cyprus . 39. Patrick Suckling - Australias next High Commissioner to India (replacing Peter Varghese). 40. Wei Wei – China’s new ambassador for India in place of Zhang Yang. Sisram Ola - Labour and Employment Ministry • Oscar Fernandes - Road Transport and Highways Ministry • Girija Vyas - Housing and Urban Poverty Alleviation • Dr K S Rao - Textiles Ministry Manikrao Gavit - Minister of State for Social Justice and Empowerment • Santosh Chowdhury - Minister of State for Health and Family Welfare • Jesudasu Seelam - Minister of State for Finance and • E M S Natchiappan - Minister of State for Commerce and Industry Important Committees: 1. Suma Verma Committee: to update, and revise the Banking Ombudsman Scheme, 2006 2. Damodran Committee: on improvement of customer services in banks 3. Shri M. Narasimham Committee: on Banking Sector Reforms 4. Shri Raghuram Rajan Committee: on Financial Sector Reforms, 5. Shri B. Mahapatra Committee: to review the existing prudential guidelines on restructuring of advances by banks/financial institutions 6. Shri Aditya Puri Committee: Dissemination of Credit Information 7. Shri K.U.B. Rao Committee: recommended aligning gold import regulations 8. K M Chandrasekhar committee: for rationalization of foreign investment norms 9. Shri Pulak Kumar Sinha Committee: to study the feasibility of Aadhaar as an additional factor for authentication of card present transactions 10. Mukul Mudgal Committee: looking into US giant Walmarts lobbying activities to enter India 11. MBN Rao Committee: to prepare the blueprint of India’s first women’s bank 12. Arvind Mayaram Committee: for giving clear definitions to Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII) 1. Who has the sole right to mint coins in India?(1) RBI(2) MMTC(3) Government of India(4) SBI(5) Department of Post 2. Whose signature appears on coins?(1) President of India (2) RBI governor(3) Finance Secretary(4) RBI deputy governor(5) Coins do not bear the signature 3. Government of India withdrawn coins of denomination of 25 paise and below from circulation with effect from.....?(1) 30 July 2011(2) 30 June 2011(3) 30 June 2012(4) 30 June 2010(5) 1 June 2013 4. Who was appointed as the President of the Asian Development Bank (AD(B) by the Board of Governors at New Delhi on 27 April 2013?(1) Jim Yong Kim(2) Christine Legarde(3) Takehiko Nakao(4) Mario Draghi(5) None 5. To whom the world bank granted a concessional loan of $100 million for the implementation of low-income housing scheme?(1) HDFC(2) ICICI(3) SBI(4) RBI(5) National Housing bank 6. On 4 April 2013, K.H.Muniyappa, the Minister of State (Independent Charg(e) of the Ministry of Micro , Small and Medium Enterprises (MSM(E) given the statement. His statement does not include.....(1) MSME sector contribute 9% of GDP(2) It accounts for around 45% of the manufacturing output(3) It contributes 36% of total value of exports(4) The sector has been growing consistently above 10% for the last five years(5) The sector will be removed from the Priority Sector lending 7. Who was appointed as the chairman to suggest the measures for enhancing MSME exports recently?(1) Ratan TATA(2) Abhijith Sen(3) R.S.Gujral(4) Montek Singh Ahluwalia(5) Anand Sinha 8. The Indian Life Assurance Companies Act was the first statutory measure to regulate life business in India. It was passed in ......?(1) 1925(2) 1956(3) 1947(4) 1934(5) 1912 9. Union government put the export target of ...... billion for the current financial year 2013- 14?(1) $ 325(2) $ 360(3) $ 300.6(4) $ 450(5) $ 150 10. Under whose chairmanship, the Group of Ministers (GoM)was set up to make a law to provide for the independence of the Central Bureau of Investigation (CBI) and its functional autonomy?(1) Chidambaram(2) Ranjith Sinha(3) Alok Joshi(4) Bikram singh(5) S.A.Ibrahim 11. Union government on 17 April 2013 declared to enhance the installed capacity of renewable energy of 25,0000 MW to 55,000 MW by .......?(1) 2017(2) 2018(3) 2019(4) 2025(5) 2017 12. Which Indian origin writer received the inaugural Physics journalism Prize sponsored by the Institute of Physics(IOP) and the science and Technology Facilities Council in Washington?(1) Abdul kalam(2) Raja Ramanna (3) Anil Ananthaswamy (4) Kasturi Rangan(5) C.R.Rao 13. Which nation joined as a dialogue partner in the Shanghai Cooperation Organisation (SCO) on 26 April 2013?(1) India(2) USA (3) Turkey(4) UK(5) Israel 14. 45th session of the Indian Labour Conference concluded on 18 May 2013 at?(1) Mumbai(2) Kolkata(3) Pune(4) New Delhi(5) None 15. Factoring means?(1) business of buying trade debts at a discount and making a profit when debt is realized (2) giving loans to factories by the commercial banks at concessional rates(3) banning the banks not to give loans to factories at lower rate of interest(4) buying of customers assets whenever he did default in the payment of money (5) None 16. Track, Lane, Hurdles, Shot-put, Discuss Throw, Hammer Throw, Triple Jump, High Jump are the terms used in?(1) Chess(2) Volley Ball(3) Foot Ball(4) Cycling(5) Athletics 17. Youngest player to play an English County match is?(1) Hanuma Vihari(2) TM Srivastava(3) Phiillips Rod(4) Tim Mody(5) Matthew Fisher 18. The Present Statutory Liquidity Ratio (SLR) is?(1) 24%(2) 27%(3) 20%(4) 28%(5) 23% 19. Stagflation means?(1) Low inflation combined with high unemployment and slow economic growth(2) Persistent high inflation combined with high employment and fast economic growth(3) Low inflation combined with high employment rate and fast paced economic growth(4) Persistent high inflation combined with high unemployment and slow economic growth(5) None of above 20. Consider the following statements? i) Roshni is the skill development scheme launched on 7 June 2013 by the ministry of Rural Development ii) It aims to provide training and employment to youth in the 10-35 years age group iii) It was launched in 24 Naxal-affected districts iv) It is a 100-crore project and is funded by union and state governments, with the union providing 75% of the funding Which of the above statements is/are correct?(1) ii iii(2) ii iv(3) i ii iii iv(4) ii(5) None 21. Indias sixth commodity exchange which started its operations on 19 April 2013?(1) NSE(2) MCX(3) NMCE (4) UCX (5) ACE 22. Construction of countrys first fully private Greenfield airport commenced in?(1) Gaya (Bihar)(2) Pune (Maharashtra) (3) Karaikal (Puducherry)(4) Sivaganga (Tamilnadu)(5) Somnath (Gujarat) 23. Where is the head office of Insurance Regulatory Development Authority?(1) Kolkata(2) Mumba(3) Hyderabad(4) Chennai(5) Delhi 24. The correct statement is?(1) During the visit of Man Mohan singh in Thailand, a sapling of the sacred bodhi tree in Bodh Gaya given as a gift to Thailand king Bhumibol Adulyadej(2) $ 5.2 billion humanitarian fund will be given by UNO to Syria(3) Worlds largest concentrated solar power plant launched by UAE by name Shams I(4) From 1 April 2013, Myanmar allowed the circulation of private newspapers after 50 years(5) All of above 25. Pick the wrong combination?(1) Chief Election Commissioner- Satyendra Mishra(2) Chief of the Naval Staff-Admiral Devendra Kumar Joshi(3) Minister of Commerce and Industry- Anand Sharma(4) Chief Minister of Karnataka - Siddaramaiah(5) UPSC Chairman - D.P.Agarwal 26. Who was re-elected as the chairman of IBA(Indian Banks Association) for the 2013-14 tenure?(1) Chanda Kocchar(2) Urjith Patel(3) K.R.Kamath(4) Aravind Mayaram(5) None 27. On 13 June 2013, RBI slapped fine on new generation private banks. The main reason is for?(1) not opening of No Frill accounts for BPL families(2) not opening of ATM in onsite premises as promised by Finance minister in the budget(3) not issuing new currency notes to customers(4) giving of advertisements about personal loans in news papers(5) violating rules of KYC (Know Your Customer) 28. Leaf turns Yellow: the Sufis of Awadh released by Hamid Ansari. It was edited by?(1) Hashim Amir Ali(2) Muzaffar Ali (3) Gulam Nabi Azad(4) Taslima Nasreen(5) None 29.USSD stands for?(1) Unstructured Supplementary Service Data(2) Universal Supplementary Service Data (3) Unstructured Standard Service Data(4) Unstructured Supplementary Service Dairy(5) Unstructured Supplementary Stolen Data 30. World Oceans day celebrated on?(1) 8 April(2) 8 May(3) 8 June(4) 8 February(5) 8 January 31. Pages stained with blood, Ramayana from Ganga to Brahmaputra, Melodies and Guns, The Moth-Eaten Howdah of the Tusker, The shadow of Kamakhya, The Man from Chinnamasta are the works of?(1) Indira Goswami(2) Nehru(3) Gandhi(4) Sarojini Naidu(5) Chetan Bhagath 32. In which country Bank of Baroda opened its 100th overseas branch on 28 March 2013?(1) USA(2) UK(3) South Africa(4) Dubai(5) Australia 33. Savings account become inoperative, if?(1) cash deposited in another branch not intimated to the parent branch (2) amount withdrawn by ATM exceeds Rs.50,000(3) net banking done on 31st of the month(4) not operated at all during certain period as per the bank rules(5) None 34. Lakulish Yoga University is the first Yoga university in India, inaugurated on 23 May 2013 at?(1) Mumbai(2) Ahmadabad(3) New Delhi(4) Patna(5) Haridwar 35. Which global rating agency revised Indias sovereign credit outlook from negative to stable on 12 June 2013?(1) S&P(2) CRISIL(3) Fitch(4) Moody(5) ICRA 36. 117th Constitutional Amendment bill relates to?(1) SC, ST reservation in promotions(2) Lokpal and Lokayukta (3) Goods and services Tax(4) increase the retirement age of high court judges(5) change of the entry of Oriya Language to Odiya in the 8th Schedule of Constitution of India 37. Assom Ratna Award for the year 2012 conferred on?(1) Indira Goswami (known by her pen name Mamoni Raisom Goswami)(2) Surendranath Medhi (known by his pen name Saurav Kumar Chaliha)(3) Tarun Gogoi (Chief minister of Assam)(4) Janaki Ballav Patnaik (Governor of Assam)(5) Prafulla Kumar Mahanta (President of the Asom Gana Parishad) 38. The International Workshop on Green National Accounting held on 5 April 2013 at?(1) Mumbai(2) Kolkata(3) Kochi(4) Pune(5) New Delhi 39. RBI known as lender of last resort because: (1) It has to meet the credit need of citizens to whom no one else is willing to lend (2) Banks lend to go to RBI as a last resort (3) It comes to help banks in times of crisis (4) All of the above (5) None 40. These days RBI uses Selective credit control measures rather infrequently because of: (1) Deregulation of functions (2) Autonomy given to banks (3) Comfortable liquidity (4) Reasonable inflation level (5) All the above Answers:- 1-3, 2-5, 3-2, 4-3, 5-5, 6-5, 7-3, 8-5, 9-1, 10-1, 11-1, 12-3, 13-3, 14-4, 15-1, 16-5, 17-5, 18-5, 19-4, 20-3 21-4, 22-3, 23-3, 24-5, 25-1, 26-3, 27-5, 28-2, 29-1, 30-3, 31-1, 32-4, 33-4, 34-2, 35-3, 36-1, 37-1, 38-5 39-3, 40-5 . Banks in our country normally publicize that additional interest rate is allowed on retail domestic term deposits of?(a) Minors (b) Married Women(c) Senior citizens ((d) Government Employees (e) Rural residents 2. When the rate of inflation increases?(a) Purchasing power of money increases (b) Purchasing power of money decreases (c) Value of money increases((d) Purchasing power of money remains unaffected(e) Amount of money in circulation decreases 3. A centralized database with online connectivity to branches, internet as well as ATM-network which has been adopted by almost all major banks of our country is known as?(a) Investment Banking (b) Core Banking (c) Mobile Banking((d) National Banking (e) Specialized Banking 4. Which of the following is NOT considered a money market instrument?(a) Treasury Bills (b) Repurchase Agreement (c) Commercial Paper ((d) Certificate of Deposit (e) Shares and Bonds 5. Which of the following is necessary while opening deposit accounts in banks?(a) Will (b)Registration (c)Nomination (d) Indemnity (e) Guarantee 6. Which of the following is not a banking term? (a) Letter of credit (b) MIBOR (c) Factoring services ((d) Entry load (e) None of these 7. Which of the following organizations issue the rules of global trade? (a) IMF (b) World Trade Organization (c) Foreign trade (d) G-20 (e) None 8. One single statement that depicts the financial position of a Bank and / or Business enterprise at a given point of time is called: (a) Statement of product details (b) Foreign exchange(c) Balance Sheet ((d) Balance of payment (e) Trading and Manufacturing account 9. The Reverse Mortgage scheme is launched to give benefit to which of the following groups of society? (a) Persons below 60 yrs (b) Senior Citizens (c) Unemployed youth ((d) Orphans (e) All 10. One of the major challenges banking industry is facing these days is curbing deliberate efforts of some people to bring money earned through illegal activities in circulation. Which of the following act is passed to prevent this activity? (a) Payment & settlements Act (b) Control money supply Act (c) Narcotics and Psychotropic substance Act ((d) Prevention of Money laundering Act(e) None 11. Which of the following scheme is not meant for investment purposes?(a) National saving certificate (b) Infrastructure bonds (c) Mutual funds ((d) Letter of credit (e) None of these 12. Basel norms which are important regulatory stipulations are meant for which sector? (a) Insurance (b) Banking (c) Micro finance ((d) Pension funds (e) None 13. Systematic investment Plans relates to:(a) Mutual Funds (b) Life Insurance Companies (c) Commercial Banks (d) Post office savings schemes (e) None 14. Euro money is the official currency of?(a) NATO (b) UN (c) European ((d) Germany and England (e) None of these 15. Which of the following is an example of cash less purchase? (a) Debit card (b) Credit card (c) ATM withdrawal (d) All of the above (e) None 16. Whose signature appears on Indian Rs. 100 note? (a) Finance Minister (b) RBI Governor (c) Finance Secretary (d) Chairman, Planning Commission (e) None 17. While discussing investments there is a mention of short term government security. What is this investment? (a) Debenture (b) Mutual funds (c) Treasury bill ((d) Share (e) None of these 18. NBFCs are an important part of the Indian financial system. what is meant by this term? (a) New Banking Financial Companies (b) Non Banking Financial Companies (c) Neo Banking Financial Confederation (d) Non banking Fiscal Companies 19. Banking loan against property requires the asset to be free from encumbrances. What does it mean? (a) The asset to be free from any liability (b) The asset to be properly registered (c) The property to be fully constructed (d) The asset should not have multiple owners (e) None 20. RBI stipulates a healthy mix of CASA in the business figures of banks. What is CASA? (a) Customer Analysis and Savings Pattern (b) Cost Appreciation and selling Analysis (c) Current Account and saving Account (d) Credit and savings Aggregate (e) None of these 21. Which one of the following is not an electronic banking delivery channel?(a) Mobile Vans((d) Mobile Phone Banking (c) Internet Banking (d) Tele Banking (e) ATM 22. The Rate at which the domestic currency can be converted into foreign currency and vice-versa is known as the ____ (a) Exchange rate (b) MIBOR (c) Inter bank Call money rate ((d) Base rate (e) LIBOR 23. Now-a-days Banks are selling third party products. Example of third party product is:(a) Mutual funds (b) Term deposits(c) Credit cards ((d) All of these (e) None 24. Electronic Clearing Service in banks can be availed only by:(a) Individuals (b) Corporates (c) Senior Citizens (d) All of these (e) None 25. Indian Commercial Banks are categorized into: (a) Public sector Banks (b)Foreign Banks (c) Private Sector Banks (d) All of the above (e) None 26. Regional Rural Banks have been set up with the basic objectives of:(a) Providing credit to semi - urban & urban population (b) Providing deposits facilities to farmers (c) Providing credit & deposit facilities to rural areas (d) providing credit, deposit and other banking facilities to people in rural areas (e) None 27. _____ is raised in capital markets (a) Funds through long term securities(b) Long term loans through Govt. securities (c) medium term loans (d) Short - term instruments(e) None 28. Interest on Government secu-rities on fixed basis is known as: (a) Bank rate (b) Coupon (c) Prime Lending Rate (d) Bench mark PLR (e) None 29. __ was not nationalized in 1969: (a) Punjab National Bank(b) Oriental Bank of commerce (c) Bank of Baroda (d) Union Bank of India (e) None 30. In the first round 14 major banks with a liability base of ____ were nationalized: (a) 10 crore or more (b) 20 crore or more (c) 50 crore or more (d) 100 crore or more (e) None 31. _____ do not attract TDS: (a) Fixed deposits (b) Reinvestment deposits(c) NRO SB (d) NRO FDR (e) Recurring deposits 32. SLR is maintained as a percentage of:(a) Time liabilities (b) Demand liabilities(c) Time and Demand liabilities (d) Gross time and demand liabilities (e) Net demand and time Liabilities 33. The maximum Statutory Liquidity Ratio to be maintained by banks is_____: (a) 25% (b) 30% (c) 35% (d) 40% (e) None 34. CRR funds are kept by the Banks in ____: (a) Cash in hand at branches (b) Balance with other banks (c) Balance in a special Account with RBI (d) Funds in the currency chest (e) None 35. An increase in CRR by RBI leads to: (a) Decrease in deposit (b) increase in deposit (c) Increase in lendable resources (d) Decrease in lendable resources (e) None 36. When RBI reduce the CRR it results into: (a) Decrease in deposit (b) increase in deposit (c) Increase in lendable resources (d) Decrease in lendable resources (e) None 37. What is meant by development Oriented banking? (a) Infrastructure financing (b) Extending loans to States, which are undevelopment (c) Taking up the task of develo-pment of the economy by providing support to under privileged sections of the society (d) All the above (e) None 38. Principal functions of SIDBI: (a) Promotion of SSI (b) Finance of SSI (c) Development of SSI(d) All the above (e) None 39. ____ heads and conducts the affairs of RBI: (a) Central Board (b) local board (c) Regional board (d) All of the above (e) None 40. RBI Provides ____ for meeting day - to - day receipt and expenditure mismatch to both Central and State Governments. (a) treasury bills (b) Ways and Means advance (c) date and securities (d) All the above (e) None Answers:- (1) c (2) b (3) b (4) e (5) c (6) d (7) b (8) c (9) b (10) d (11) d (12) b (13) a (14) c (15) d (16) b (17) c (18) b (19) a (20) c (21) a (22) a (23) a (24) d (25) d (26) d (27) a (28) b (29) b (30) c (31) e (32) e (33) d (34) c (35) d (36) c (37) c (38) d (39) a (40) b IMPORTANT SUMMITS HELD ON 2013-14 BRICS (Brazil, Russia, India, China and South Africa) Summits • 4th BRICS Summit 2012 – New Delhi, India • 5th BRICS Summit 2013 – Durban, South Africa G-8 Annual Summits Group of Eight (G8) Countries – France, Germany, Italy, Japan, United Kingdom, United States of America, Canada, Russia. • 37th G8 Meeting 2011 – Deauville, France • 38th G8 Meeting 2012 – David camp, USA • 39th G8 Summit 2013 – County Fermanagh, UK • 40th G8 Summit 2014 – Russia G-20 Summits • 7th G 20 Meeting 2012 – Los Cabos, Mexico • 8th G 20 Meeting 2013 – Saint Petersburg, Russia • 9th G 20 Meeting 2014 – Brisbane, Australia SAARC Summits SAARC – South Asian Association for Regional Cooperation • 17th SAARC Summit 2011– Addu, Maldives • 18th SAARC Summit 2013 – Kathmandu,Nepal ASEAN Summits ASEAN – Association of South East Asian Nation • 19th ASEAN Summit 2011 (November) – Bali, Indonesia • 20th ASEAN Summit 2012 (April) – Phnom penh, Cambodia • 21th ASEAN Summit 2012 (November)– Phnom penh, Cambodia ASEAN-India Summit • 9th ASEAN-India Summit 2011 – Bali, Indonesia • 10th ASEAN-India Summit 2012 – Phnom penh, Cambodia East Asia Summit (EAS) EAS meetings are held after annual ASEAN leaders’ meetings. • 6th East Asia Summit 2011 – Bali, Indonesia • 7th East Asia Summit 2012 – Phnom penh, Cambodia IBSA Summits IBSA Dialogue Forum - India, Brazil, South Africa. • 5th IBSA Summit 2011 – Pretoria, South Africa • 6th IBSA Summit 2013 – India APEC Summits APEC – Asia Pacific Economic Cooperation • 23rd APEC summit 2011 – Honolulu, USA • 24th APEC Summit 2012 – Vladivostok,Rus sia • 25th APEC Summit 2013 – Medan/Jakarta, Indonesia • 26th APEC Summit 2014 – China • 27th APEC Summit 2015 – Philippines • 28th APEC Summit 2016 – Lima, Peru OPEC Seminars OPEC – Organization of Petroleum Exporting Countries • 4th OPEC International Seminar 2009 – Vienna, Austria • 5th OPEC International Seminar 2012 – Vienna, Austria NAM Summits NAM – Non-aligned Movement • 16th NAM Summit 2012 – Tehran, Iran • 17th NAM Summit 2015 – Caracas,Venezue la SCO Meetings SCO – Shanghai Cooperation Organization • SCO Meeting 2011 – Astana, Kazakhstan • SCO Meeting 2012 – Beijing, China • SCO Meeting 2013 – Kyrgyzstan NATO (North Atlantic treaty organization) international conference on Afghanistan will be held in Chicago (USA) Asian Development Bank (ADB) Annual Meetings Annual meeting of the board of governors of the Asian Development Bank (ADB) held every year. • ADB Annual Meeting 2012 – Manila, Philippines • ADB Annual Meeting 2013 – New Delhi, India WTO Ministerial Conferences • 8th WTO Ministerial Conferences 2011 – Geneva, Switzerland • 9th WTO Ministerial Conferences 2013 (Expected) -Bali, Indonesia 1.) Worlds Biggest STEEL producer is china. It produces 46.3% of worlds total steel production. 2.) Delhi High Court Introduced Online Payments of Court Fee. 3.) Habiba Sarabi Afganistans First women Governer the recent winner of Roman Magsaysay Award. 4.) Highest Number of Deaths by Swine Flue in 2013:- 1st Gujrat(196), 2nd Rajasthan(163), 3rd Haryana(141). Total in INDIA(610). 5.) Pravasi Friend Project has been launched in kochi. 1. Who is the Indian Ambassador to USA? Ans) Ms Nirupama Rao 2. Who will be the next Foreign Secretary of India? Ans) Ms Sujatha Singh 3. Who is the new Home Secretary? Ans) Mr Anil Goswami 4. Who is the new CM of Karnataka? Ans) Mr Siddaramiah 5. Who is Chairperson of National Women Commission? Ans) Ms Mamta Sharma 6. Who is the new chairman of DRDO? Ans) Mr Avinash Chander 7. Who is the new CM of Meghalaya? Ans) Mr Mukul Sangma 8. Who is the Chief Vigilance Commissioner? Ans) Mr Pradeep Kumar 9. Who is chairman of Press Council of India? Ans) Justice Markandeya Katju 10. Who is the new Railway Minister? Ans) Mr Mallikarjun Kharge 11. Who is the Chief Election Commissioner? Ans) Mr Syed Nasim Ahmed Zaidi 12. Who is the new chairman of IndianBanks Association? Ans) Mr K R Kamath 13. Who is the new CAG? Ans) Mr Shashi Kant Sharma 14. Who is the new Defence Secretary? Ans) Mr R K Mathur 15. Who has been given additional charge of NDRF and civil defence? Ans) Mr Ajay Chadha ( Dir Gen of ITBP) 16. Who is the new chairman of National Technical Research Organisation (NTRO)? Ans) Mr R Chandrasekhar 17. Who is the union Minister for Labour and Employment Ministry? Ans) Mr Sisram Ola 18. Who is the Union Minister for Housing and Urban poverty? Ans) Ms Girija vyas 19. Name the congress leader who was the founder of ‘salwa judum’ and recently killed by naxalites in chattisgarh/ Ans) Mr Mahendra Karma 20. Who is the new chairman of NASSCOM? Ans) Mr Krishna Kumar Nataraja New Governor Appointed in different states: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~``` 1. Shriniwas Patil - Sikkim governor 2. K K Paul – Governor of Meghalaya replacing Ranjit Shekhar Mooshahary. Najeeb Jung(Vice Chancellor of Jamai Milia University) – Lieutenant Governor of Delhi 3. Nirbhay Sharma - Governor Arunachal Pradesh 4. Narinder Nath Vohra - Governor of J & K for second term 5. BV Wanchoo: Governor of Goa 6. E S L Narasimhan - Governors of Andhra Pradesh 7. K Sankaranarayanan - Governors of Maharashtra 8. Ashwani Kumar - Governors of Nagaland 9. Dr. D.Y. Patil - Governors of Bihar 10. SC Jamir - Governors of Odisha 11. Nikhil Kunar - Governor of Kerala 12. Devanand Konwar - Governor of Tripura 1. Senior IPS officer Dilip Trivedi,a 1978-batch officer of Uttar Pradesh cadre has been appointed as the new chief of the countrys largest paramilitary force CRPF. 2. D. Bala Venkatesh Varma, a Indian Foreign Service (IFS) officer of the 1988 batch, appointed as the next Ambassador and Permanent Representative of India to the UN Conference on Disarmament, Geneva. 3. The Export-Import Bank of India has extended a $125 million Line of Credit (LOC) to the Government of Sudan for financing the Mashkour Sugar Project in Sudan. 4. For the first time, Election Commission to use paper trail method in Nagaland by-polls. The system, called the Voter Verifiable Paper Audit Trail system (VVPAT),will accompany the Electronic Voting Machines (EVM). 5. Delhi Police has arrested Abdul Karim Tunda alias Abdul Quddooss, an expert bomb maker of terror outfit Lashkar-e-Taiba and one of India’s top 20 wanted terrorists, and mastermind of over 40 bombings in the country, from the India-Nepal border. 6. An Indian-American professor of biological and agricultural engineering has been recognised for lifetime achievement by a top US environmental and water resources institute. 7. The worlds top two tennis players, Novak Djokovic and Andy Murray, both suffered shock defeats Friday, while Rafael Nadal stormed back to beat longtime rival Roger Federer at the Cincinnati Masters. 8. Former Bengal Cricketer and Coach Kalyan Mitter passed away on 16 August 2013 in Kolkata. He was 79. 1. 2012 Olympics is held at ? Answer: London 2. Venue of 2016 Olympics (The next Olympics will be held at) ? Answer: Riode Genero (Brazil) 3. Venue of 2014 Winter Olympics ? Answer: Sochi (Russia) 4. 2012 Summer Paralympics is held at ? Answer: London 5. Venue of 2016 Summer Paralympics ? Answer: Rio de Genero (Brazil) 6. Venue of 2014 Winter Paralympics ? Answer: Sochi (Russia) 7. 2010 World Cup Football was held at ? Answer: South Africa 8. Where is the venue of 2014 World Cup Football ? Answer: Brazil Brand ambassador of the 2014 FIFA World Cup ? Answer: Pele 9. Where is the venue of 2018 FIFA World Cup ? Answer: Russia 10. Where is the venue of 2022 World Cup Football ? Answer: Qatar 11. 2010 Commonwealth Games was held at ? Answer: Delhi 12. 2014 Commonwealth Games will be held at ? Answer: Glasgow (Scotland) 13. Where is the Venue of 2018 Commonwealth Games ? Answer: Gold Coast (Australia) 14. 2012 Euro Cup Football was held at ?Answer: Poland and Ukraine 15. Where is the Venue of 2016 Euro Cup Football ? Answer: France 16. Where is the Venue of 2015 World Cup Cricket ? Answer: Australia and New Zealand 17. Which country host the 2019 World Cup Cricket ? Answer: England 18. Which country host the 2014 T-20 World Cup Cricket ? Answer: Bangladesh 19. Which country host the 2016 T-20 World Cup Cricket ? Answer: India 20. Where is the Venue of 2013 Asian Games ? Answer: Inchean (South Korea) * 21. Where is the venue of 2013 world athletic championship ? answer: Moscow (Russia) * 22. Which country host the 2023 World Cup Cricket ? Answer: India 1. Who is the winner of Australian Open 2013 Womens title ? Answer: Victoria Azarenka 2. Who is the winner of Australian Open 2013 mens title ? Answer: Novak Djokovic Did you know who are the winners of Australian Open 2012 ? 3. Who is the chief guest of 2013 Pravasi Bharatiya Divas ? Answer: Rajkeswur Purryag, President of Mauritius (Held in Kochi) 4. Who is the chief guest of republic day 2013 ? Answer: Jigme Khesar Namgyal Wangchuck, King of Bhutan 5. Who is first female President of South Korea ? Answer: Park Guen-hye 6. Who is the first female Chief Justice of Sri Lanka ? Answer: Shirani Bandaranayake (recently impeached) 1. 2012 Olympics is held at ? Answer: London 2. Venue of 2016 Olympics (The next Olympics will be held at) ? Answer: Riode Genero (Brazil) 3. Venue of 2014 Winter Olympics ? Answer: Sochi (Russia) 4. 2012 Summer Paralympics is held at ? Answer: London 5. Venue of 2016 Summer Paralympics ? Answer: Rio de Genero (Brazil) 6. Venue of 2014 Winter Paralympics ? Answer: Sochi (Russia) 7. 2010 World Cup Football was held at ? Answer: South Africa 8. Where is the venue of 2014 World Cup Football ? Answer: Brazil Brand ambassador of the 2014 FIFA World Cup ? Answer: Pele 9. Where is the venue of 2018 FIFA World Cup ? Answer: Russia 10. Where is the venue of 2022 World Cup Football ? Answer: Qatar 11. 2010 Commonwealth Games was held at ? Answer: Delhi 12. 2014 Commonwealth Games will be held at ? Answer: Glasgow (Scotland) 13. Where is the Venue of 2018 Commonwealth Games ? Answer: Gold Coast (Australia) 14. 2012 Euro Cup Football was held at ?Answer: Poland and Ukraine 15. Where is the Venue of 2016 Euro Cup Football ? Answer: France 16. Where is the Venue of 2015 World Cup Cricket ? Answer: Australia and New Zealand 17. Which country host the 2019 World Cup Cricket ? Answer: England 18. Which country host the 2014 T-20 World Cup Cricket ? Answer: Bangladesh 19. Which country host the 2016 T-20 World Cup Cricket ? Answer: India 20. Where is the Venue of 2013 Asian Games ? Answer: Inchean (South Korea) * 21. Where is the venue of 2013 world athletic championship ? answer: Moscow (Russia) * 22. Which country host the 2023 World Cup Cricket ? Answer: India >> IMPORTANT CURRET AFFAIRS QUESTION N ANSWERS
Posted on: Thu, 31 Oct 2013 16:06:59 +0000
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