Professional Documents
Culture Documents
NILOFAR
SWETA KHARE
ANKITA
PALLAVI BONIA
AMAR DAS
SARATH ANNAMETI
MAYANK BANSAL
WITH REGARD
PANKAJ KUMAR
( Glory At Anycost )
CONTENTS
1 CURRENT RATES 1
2 IMPORTANT DAYS
3 CUPS & TROPHIES 4
4 LIST OF WORLD COUNTRIES & THEIR CAPITAL 5
5 IMPORTANT CURRENCIES 9
6 ABBREVIATIONS IN NEWS
7 LISTS OF NEW UNION COUNCIL OF MINISTERS & PORTFOLIOS 13
8 NEW APPOINTMENTS 13
9 BANK PUNCHLINES 15
10 IMPORTANT POINTS OF UNION BUDGET 2012-14 16
11 BANKING TERMS 19
12 AWARDS 35
13 IMPORTANT BANKING ABBREVIATIONS 42
14 IMPORTANT BANKING TERMINOLOGY 50
15 HIGHLIGHTS OF UNION BUDGET 2014 55
16 FDI LLIMITS 56
17 INDIAS GDP FORCASTS 57
18 INDIAN RANKING IN DIFFERENT INDEXS 57
19 ABOUT : NABARD 58
40 FILMS AWARDS
41 SPORTS NEWS
42 NEWS RELATED TO RBI
43 TAXATION
44 SOME RECENT WORKING GROUPS & COMMITTEES BY RBI
45 ABOUT POLICY RATE
46 NEWS RELATED TO RBI
47 NEWS RALATED TO BANKING & FINANCE
48 GK QUESTIONS ASKED IN DIFFERENT EXAMS
49 MARKETING
50 BSC MATCH POINTS ( MAR-NOV )
1. Repo Rate 8%
February
March
April
May
July
June
August
September
October
December
November
National
LIST OF WORLD
COUNTRIES & THEIR
CAPITAL
A
Afghanistan - Kabul
Albania - Tirana
Algeria - Algiers
Andorra - Andorra la Vella
Angola - Luanda
Antigua & Barbuda - Saint
John's
Argentina - Buenos Aires
Armenia - Yerevan
Australia - Canberra
Austria - Vienna
Azerbaijan Baku
B
Bahamas - Nassau
Bahrain - Al-Manamah
Bangladesh - Dhaka
Barbados - Bridgetown
Belarus - Minsk
Belgium - Brussels
Belize - Belmopan
Bhutan - Thimphu
Bosnia & Herzegovina Sarajevo
Botswana - Gaborone
Brazil - Brasilia
Brunei - Bandar Seri
Begawan
Bulgaria - Sofia
Burkina Faso Ouagadougou
Burundi Bujumbura
C
Cambodia - Phnom Penh
Cameroon - Yaounde
Canada - Ottawa
Cape Verde - Praia
Ecuador - Quito
Egypt - Cairo
El Salvador - San Salvador
China - Beijing
Colombia - Bogota
Eritrea - Asmara
Comoros - Moroni
Estonia - Tallinn
Congo - Brazzaville
Congo Democratic
Republic of
the - Kinshasa
Costa Rica - San Jose
Cote d'Ivoire - Abidjan
Croatia - Zagreb
Cuba - Havana
Cyprus - Nicosia
Czech Republic Prague
D
Denmark - Copenhagen
Djibouti - Djibouti City
Dominica - Roseau
Dominican Republic Santo
Domingo
E
East Timor - Dili
Fiji Suva
Finland Helsinki
France Paris
G
Gabon - Libreville
Gambia - Banjul
Georgia - Tbilisi
Germany - Berlin
Ghana - Accra
Greece - Athens
Grenada - Saint George's
Guatemala - Guatemala
City
Guinea - Conakry
Guyana Georgetown
H
Haiti - Port-au-Prince
Honduras - Tegucigalpa
Hungary - Budapest
I
Iceland - Reykjavik
India - New Delhi
Indonesia - Jakarta
Iran - Tehran
Iraq - Baghdad
Ireland - Dublin
Israel Jerusalem
Italy Rome
Denmark - Copenhagen
Macedonia - Skopje
Jamaica - Kingston
Madagascar Antananarivo
Dominica - Roseau
Japan - Tokyo
Jordan - Amman
K
Kazakhstan - Astana
Kenya - Nairobi
Kiribati - Tarawa Atoll
Korea North - Pyongyang
Korea South - Seoul
Kosovo - Pristina
Kuwait - Kuwait City
Kyrgyzstan - Bishkek
L
Laos - Vientiane
Latvia - Riga
Lebanon - Beirut
Lesotho - Maseru
Liberia - Monrovia
Malawi - Lilongwe
Domingo
Maldives - Male
Mali - Bamako
Malta - Valletta
Ecuador - Quito
Egypt - Cairo
Mauritania - Nouakchott
Eritrea - Asmara
Estonia - Tallinn
Ethiopia - Addis Ababa
F
Fiji - Suva
Finland - Helsinki
France - Paris
G
Libya - Tripoli
Liechtenstein - Vaduz
Gambia - Banjul
Lithuania - Vilnius
(administrative)
Georgia - Tbilisi
Luxembourg Luxembourg
Republic - Prague
Germany - Berlin
Ghana - Accra
Gabon - Libreville
Greece - Athens
Kenya - Nairobi
Malta - Valletta
Guatemala - Guatemala
City
Mauritania - Nouakchott
Kosovo - Pristina
Micronesia - Palikir
Kyrgyzstan - Bishkek
Moldova - Chisinau
Monaco - Monaco
Laos - Vientiane
Mongolia - Ulaanbaatar
Latvia - Riga
Montenegro - Podgorica
Lebanon - Beirut
Morocco - Rabat
Lesotho - Maseru
Mozambique - Maputo
Liberia - Monrovia
Guinea - Conakry
Guyana - Georgetown
H
Haiti - Port-au-Prince
Honduras - Tegucigalpa
Hungary - Budapest
I
Iceland - Reykjavik
India - New Delhi
Indonesia - Jakarta
Iran - Tehran
Iraq - Baghdad
Ireland - Dublin
Libya - Tripoli
Liechtenstein - Vaduz
Lithuania - Vilnius
Israel - Jerusalem
Luxembourg Luxembourg
Italy - Rome
Macedonia - Skopje
Jamaica - Kingston
Madagascar Antananarivo
government offices in
Yaren
Japan - Tokyo
Jordan - Amman
K
Kazakhstan - Astana
Namibia - Windhoek
District
Malawi - Lilongwe
Nepal - Kathmandu
Netherlands - Amsterdam
Maldives - Male
Mali - Bamako
Nicaragua - Managua
Niger - Niamey
Thailand - Bangkok
Nigeria - Abuja
Senegal - Dakar
Norway - Oslo
Serbia - Belgrade
Seychelles - Victoria
Oman - Muscat
Singapore - Singapore
Pakistan - Islamabad
Slovakia - Bratislava
Palau - Melekeok
Slovenia - Ljubljana
Palestinian State*
Somalia - Mogadishu
Moresby
Dhabi
Paraguay - Asuncion
Spain - Madrid
Peru - Lima
Philippines - Manila
Jayewardenepura Kotte
Washington D.C.
Poland - Warsaw
(legislative)
Uruguay - Montevideo
Portugal - Lisbon
Sudan - Khartoum
Uzbekistan - Tashkent
Sweden - Stockholm
Qatar - Doha
Switzerland - Bern
Vanuatu - Port-Vila
Syria - Damascus
Romania - Bucharest
Russia - Moscow
Taiwan - Taipei
City
Rwanda - Kigali
Tajikistan Dushanbe
Tanzania
Venezuela - Caracas
S
Saint Lucia - Castries
- Dar es Salaam
Spain
Tunisia - Tunis
Turkey - Ankara
Turkmenistan - Ashgabat
U
Uganda - Kampala
Ukraine - Kyiv
Vietnam - Hanoi
Y
Yemen - Sanaa
Z
Zambia - Lusaka
Zimbabwe Harare
Important
Currencies
Country
Crrencies
A
Afghanistan-- Afghan Afghani
Argentina -- Peso
Australia --- Dollar
Austria --- European euro
B
Bangladesh --Taka
Bhutan ---- Ngultrum
Brazil --Real
C
Canada ---- Dollar
Chile ---Peso
China --Yuan
Cuba --Peso
D
Denmark --- Krone
E
Egypt --Pound
F
France --- Euro
G
Germany --- Euro
H
Hong Kong---Dollar
I
India --Rupee
Indonesia --- Rupiah
Iran --Rial
Iraq --Dinar
J
Japan --Yen
L
Lithuania --- Euro
M
Malaysia --- Ringgit
Maldives --- Rufiyaa
Mexico --Peso
N
Nepal --Rupee
Netherlands-- Euro
Norway -Krone
North Korea -- Won
P
Pakistan -Rupee
Philippines --- Peso
Portugal ---- Euro
Q
Qatar ----
Riyal
Thailand ---
Baht
Turkey ---
Lira
U
Ukraine ---
Hryvnia
UAE --
Dirham
UK --
Pound
USA ---
Dollar
R
Russia ----
Ruble
Vatican ---
Zimbabwe --
Singapore --
Dollar
Rupee
Switzerland - Franc
Syria ---
Pound
Euro
Dollar
ABBREVIATION IN NEWS
1. ALM- Asset Liability Management
2. AML Anti Money Laundering
Commission
corporation.
Power parity
The President of India, as advised by the Prime Minister, has directed the
allocation of portfolios among the following members of the Union Council of
Ministers
1. Shri Narendra Modi
Prime Minister
Personnel, Public Grievances and
Pensions
Department of Atomic Energy
Department of Space
All important policy issues
and all other portfolios not allocated to
any Minister
CABINET MINISTERS
1. Shri Raj Nath Singh Home Affairs
2. Smt. Sushma Swaraj External Affairs
Overseas Indian Affairs
3. Shri Arun Jaitley Finance
Corporate Affairs
Defence
4. Shri M. Venkaiah Naidu Urban
Development
Housing and Urban Poverty Alleviation
Parliamentary Affairs
5. Shri Nitin Jairam Gadkari Road Transport
and Highways
Shipping
6. Shri D.V. Sadananda Gowda Railways
7. Sushri Uma Bharati Water Resources,
River Development
and Ganga Rejuvenation
8. Dr. Najma A. Heptulla Minority Affairs
9. Shri Gopinathrao Munde Rural
Development
Panchayati Raj
Drinking Water and Sanitation
10. Shri Ramvilas Paswan Consumer Affairs,
(Independent Charge)
Finance
Corporate Affairs
11. Shri G.M. Siddeshwara Civil Aviation
12. Shri Manoj Sinha Railways
13. Shri Nihalchand Chemicals and Fertilizers
14. Shri Upendra Kushwaha Rural
Development
Panchayati Raj
Drinking Water and Sanitation
15. Shri Radhakrishnan P Heavy Industries
and Public
Enterprises
16. Shri Kiren Rijiju Home Affairs
17. Shri Krishan Pal Road Transport and
Highways
Shipping
18. Dr. Sanjeev Kumar Balyan Agriculture
Food Processing Industries
19. Shri Mansukhbhai
Dhanjibhai Vasava
Tribal Affairs
20. Shri Raosaheb Dadarao
Danve
Consumer Affairs, Food and Public
Distribution
21. Shri Vishnu Deo Sai Mines
Steel
Labour and Employment
22. Shri Sudarshan Bhagat Social Justice and
Empowerment
BANKS PUNCHLINES
01. Allahabad Bank A tradition of trust
02. Andhra Bank For all your needs
03. Bank of Baroda Indias
International Bank
04. Bank of Maharashtra One family
one bank
05. Bank of India Relationship beyond
banking
06. Canara Bank Together we can
07. Central Bank Of India Build a
better life around us
08. Corporation Bank Prosperity for
all
09. Dena Bank Trusted Family Bank
10. Indian Bank Your tech friendly
Bank
11. Indian Overseas Bank Good
29. e-visa
34. Skill India initiative to make youth employable and create more entrepreneurs.
38. Agriculture University in AP and Rajasthan, and Horticulture University in Haryana, Telangana; Rs. 200 cr
BANKING TERMS
The basic banking terms are frequently asked in all the Bank Interviews. These terms
are useful not only for your interview but also for your general knowledge. Knowledge
and Understanding of Important Banking terms play a very crucial role in the final
selection. Also these banking terms are useful for Banking Aspirants, Economics &
Commerce students, MBA aspirants and students preparing for other similar level
Exams.
Knowing basic banking terms not only gives you an edge over other candidates but also
shows your interest level for the job.
Account Agreement: The contract governing your open-end credit account, it provides
information on changes that may occur to the account.
Account History: The payment history of an account over a specific period of time,
including the number of times the account was past due or over limit.
Account Holder: Any and all persons designated and authorized to transact business
on behalf of an account. Each account holder's signature needs to be on file with the
bank. The signature authorizes that person to conduct business on behalf of the
account.
Acquiring Bank: In a merger, the bank that absorbs the bank acquired.
Accrued interest: Interest due from issue date or from the last coupon payment date to
the settlement date. Accrued interest on bonds must be added to their purchase price.
Adjustable-Rate Mortgages (ARMS): Also known as variable-rate mortgages. The
initial interest rate is usually below that of conventional fixed-rate loans. The interest
rate may change over the life of the loan as market conditions change. There is
typically a maximum (or ceiling) and a minimum (or floor) defined in the loan agreement.
If interest rates rise, so does the loan payment. If interest rates fall, the loan payment
may as well.
Arbitrage: Buying a financial instrument in one market in order to sell the same
instrument at a higher price in another market.
Adverse Action: Under the Equal Credit Opportunity Act, a creditor's refusal to grant
credit on the terms requested, termination of an existing account, or an unfavorable
change in an existing account.
Adverse Action Notice: The notice required by the Equal Credit Opportunity Act
advising a credit applicant or existing debtor of the denial of their request for credit or
advising of a change in terms considered unfavorable to the account holder.
AER: Annual earnings rate on an investment.
Affidavit: A sworn statement in writing before a proper official, such as a notary public.
Alteration: Any change involving an erasure or rewriting in the date, amount, or payee
of a check or other negotiable instrument.
Amortization: The process of reducing debt through regular installment payments of
principal and interest that will result in the payoff of a loan at its maturity.
Anytime Banking: With introduction of ATMs, Tele-Banking and internet banking,
customers can conduct their business anytime of the day and night. The 'Banking
Hours' is not a constraint for transacting banking business.
Anywhere Banking : Refers to banking not only by ATMs, Tele-Banking and internet
banking, but also to core banking solutions brought in by banks where customer can
deposit his money, cheques and also withdraw money from any branch connected with
the system. All major banks in India have brought in core banking in their operations to
make banking truly anywhere banking.
Annual Percentage Rate (APR): The cost of credit on a yearly basis, expressed as a
percentage.
Annual Percentage Yield (APY): A percentage rate reflecting the total amount of
interest paid on a deposit account based on the interest rate and the frequency of
compounding for a 365-day year.
Annuity : A life insurance product which pays income over the course of a set period.
Deferred annuities allow assets to grow before the income is received and immediate
annuities (usually taken from a year after purchase) allow payments to start from about
a year after purchase.
APR: The annual percentage rate of interest, usually on a loan or mortgage, usually
displayed in brackets and representing the true cost of the loan or mortgage as it shows
any additional payments beyond the interest rate.
Application: Under the Equal Credit Opportunity Act (ECOA), an oral or written request
for an extension of credit that is made in accordance with the procedures established by
a creditor for the type of credit requested.
Appraisal: The act of evaluating and setting the value of a specific piece of personal or
real property.
Ask Price: The lowest price at which a dealer is willing to sell a given security.
Asset-Backed Securities (ABS): A type of security that is backed by a pool of bank
loans, leases, and other assets. Most ABS are backed by auto loans and credit cards
these issues are very similar to mortgage-backed securities.
At-the-money: The exercise price of a derivative that is closest to the market price of
the underlying instrument.
ATM: ATMs are Automatic Teller Machines, which do the job of a teller in a bank
through Computer Network. ATMs are located on the branch premises or off branch
premises. ATMs are useful to dispense cash, receive cash, accept cheques, give
balances in the accounts and also give mini-statements to the customers.
Authorization: The issuance of approval, by a credit card issuer, merchant, or other
affiliate, to complete a credit card transaction.
Cheque: Cheque is a bill of exchange drawn on a specified banker ordering the banker
to pay a certain sum of money to the drawer of cheque or another person. Money is
generally withdrawn by clients by cheques. Cheque is always payable on demand.
Cheque Truncation: Cheque truncation truncates or stops the flow of cheques through
the banking system. Generally truncation takes place at the collecting branch, which
sends the electronic image of the cheques to the paying branch through the clearing
house and stores the paper cheques with it.
Closed-end (Mutual) Fund: A fund with a fixed number of shares issued, and all
trading is done between investors in the open market. The share prices are determined
by market prices instead of their net asset value.
Collateral: A specific asset pledged against possible default on a bond. Mortgage
bonds are backed by claims on property. Collateral trusts bonds are backed by claims
on other securities. Equipment obligation bonds are backed by claims on equipment.
Commercial Paper: Short-term and unsecured promissory notes issued by
corporations with very high credit standings.
Common Stock: Equity investment representing ownership in a corporation; each
share represents a fractional ownership interest in the firm.
Compound Interest: Interest paid not only on the initial deposit but also on any interest
accumulated from one period to the next.
Contract Note: A note which must accompany every security transaction which
contains information such as the dealers name (whether he is acting as principal or
agent) and the date of contract.
Controlling Shareholder: Any person who is, or group of persons who together are,
entitled to exercise or control the exercise of a certain amount of shares in a company
at a level (which differs by jurisdiction) that triggers a mandatory general offer, or more
of the voting power at general meetings of the issuer, or who is or are in a position to
control the composition of a majority of the board of directors of the issuer.
Convertible Bond: A bond with an option, allowing the bondholder to exchange the
bond for a specified number of shares of common stock in the firm. A conversion price
is the specified value of the shares for which the bond may be exchanged. The
conversion premium is the excess of the bonds value over the conversion price.
Corporate Bond: Long-term debt issued by private corporations.
Coupon: The feature on a bond that defines the amount of annual interest income.
Coupon Frequency: The number of coupon payments per year.
Coupon Rate: The annual rate of interest on the bonds face value that a bonds issuer
promises to pay the bondholder. It is the bonds interest payment per dollar of par value.
Covered Warrants: Derivative call warrants on shares which have been separately
deposited by the issuer so that they are available for delivery upon exercise.
Credit Rating: An assessment of the likelihood of an individual or business being able
to meet its financial obligations. Credit ratings are provided by credit agencies or rating
agencies to verify the financial strength of the issuer for investors.
Collecting Banker: Also called receiving banker, who collects on instruments like a
cheque, draft or bill of exchange, lodged with himself for the credit of his customer's
account.
Consumer Protection Act: It is implemented from 1987 to enforce consumer rights
through a simple legal procedure. Banks also are covered under the Act. A consumer
can file complaint for deficiency of service with Consumer District Forum for amounts
upto Rs.20 Lacs in District Court, and for amounts above Rs.20 Lacs to Rs.1 Crore in
State Commission and for amounts above Rs.1 Crore in National Commission.
Co-operative Bank : An association of persons who collectively own and operate a
bank for the benefit of consumers / customers, like Saraswat Co-operative Bank or
Abhyudaya Co-operative Bank and other such banks.
Co-operative Society : When an association of persons collectively own and operate a
unit for the benefit of those using its services like Apna Bazar Co-operative Society or
Sahakar Bhandar or a Co-operative Housing Society.
Core Banking Solutions (CBS): Core Banking Solutions is a buzz word in Indian
banking at present, where branches of the bank are connected to a central host and the
customers of connected branches can do banking at any breach with core banking
facility.
Creditworthiness: It is the capacity of a borrower to repay the loan / advance in time
along with interest as per agreed terms.
Crossing of Cheques: Crossing refers to drawing two parallel lines across the face of
the cheque. A crossed cheque cannot be paid in cash across the counter, and is to be
paid through a bank either by transfer, collection or clearing. A general crossing means
that cheque can be paid through any bank and a special crossing, where the name of a
bank is indicated on the cheque, can be paid only through the named bank.
Customer: A person who maintains any type of account with a bank is a bank
customer. Consumer Protection Act has a wider definition for consumer as the one who
purchases any service for a fee like purchasing a demand draft or a pay order. The term
customer is defined differently by Laws, softwares and countries.
Current Account: Current account with a bank can be opened generally for business
purpose. There are no restrictions on withdrawals in this type of account. No interest is
paid in this type of account.
Currency Board: A monetary system in which the monetary base is fully backed by
foreign reserves. Any changes in the size of the monetary base have to be fully
matched by corresponding changes in the foreign reserves.
Current Yield: A return measure that indicates the amount of current income a bond
provides relative to its market price. It is shown as: Coupon Rate divided by Price
multiplied by 100%.
Custody of Securities: Registration of securities in the name of the person to whom a
bank is accountable, or in the name of the banks nominee; plus deposition of securities
in a designated account with the banks bankers or with any other institution providing
custodial services.
Debit Card: A plastic card issued by banks to customers to withdraw money
electronically from their accounts. When you purchase things on the basis of Debit Card
the amount due is debited immediately to the account. Many banks issue Debit-CumATM Cards.
Debtor: A person who takes some money on loan from another person.
Demand Deposits: Deposits which are withdrawn on demand by customers. E.g.
savings bank and current account deposits.
Demat Account: Demat Account concept has revolutionized the capital market of India.
When a depository company takes paper shares from an investor and converts them in
electronic form through the concerned company, it is called Dematerialization of Shares.
These converted Share Certificates in Electronic form are kept in a Demat Account by
the Depository Company, like a bank keeps money in a deposit account. Investor can
withdraw the shares or purchase more shares through this demat Account.
Derivative Call (Put) Warrants: Warrants issued by a third party which grant the holder
the right to buy (sell) the shares of a listed company at a specified price.
Derivative Instrument: Financial instrument whose value depends on the value of
another asset.
Discount Bond: A bond selling below par, as interest in-lieu to the bondholders.
Dishonour of Cheque: Non-payment of a cheque by the paying banker with a return
memo giving reasons for the non-payment. Default Risk: The possibility that a bond
issuer will default ie, fail to repay principal and interest in a timely manner.
Diversification: The inclusion of a number of different investment vehicles in a portfolio
in order to increase returns or be exposed to less risk.
Duration: A measure of bond price volatility, it captures both price and reinvestment
risks to indicate how a bond will react to different interest rate environments.
Earnings: The total profits of a company after taxation and interest.
Earnings per Share (EPS): The amount of annual earnings available to common
stockholders as stated on a per share basis.
Earnings Yield: The ratio of earnings to price (E/P). The reciprocal is price earnings
ratio (P/E).
E-Banking : E-Banking or electronic banking is a form of banking where funds are
transferred through exchange of electronic signals between banks and financial
institution and customers ATMs, Credit Cards, Debit Cards, International Cards, Internet
Banking and new fund transfer devices like SWIFT, RTGS belong to this category.
EFT - (Electronic Fund Transfer): EFT is a device to facilitate automatic transmission
and processing of messages as well as funds from one bank branch to another bank
branch and even from one branch of a bank to a branch of another bank. EFT allows
transfer of funds electronically with debit and credit to relative accounts.
Either or Survivor: Refers to operation of the account opened in two names with a
bank. It means that any one of the account holders have powers to withdraw money
from the account, issue cheques, give stop payment instructions etc. In the event of
death of one of the account holder, the surviving account holder gets all the powers of
operation.
Electronic Commerce (E-Commerce): E-Commerce is the paperless commerce
where the exchange of business takes place by Electronic means.
Endorsement: When a Negotiable Instrument contains, on the back of the instrument
an endorsement, signed by the holder or payee of an order instrument, transferring the
title to the other person, it is called endorsement.
Bouncing of a cheque: Where the name of the endorsee or transferee is not
mentioned on the instrument.
Endorsement in Full: Where the name of the endorsee or transferee appears on the
instrument while making endorsement.
International Banking: involves more than two nations or countries. If an Indian Bank
has branches in different countries like State Bank of India, it is said to do International
Banking.
Introduction: Banks are careful in opening any account for a customer as the
prospective customer has to be introduced by an existing account holder or a staff
member or by any other person known to the bank for opening of account. If bank does
not take introduction, it will amount to negligence and will not get protection under law.
Intrinsic Value: The difference of the exercise price over the market price of the
underlying asset.
Investment: A vehicle for funds expected to increase its value and/or generate positive
returns.
Investment Adviser: A person who carries on a business which provides investment
advice with respect to securities and is registered with the relevant regulator as an
investment adviser.
IPO price: The price of share set before being traded on the stock exchange. Once the
company has gone Initial Public Offering, the stock price is determined by supply and
demand.
JHF Account : Joint Hindu Family Account is account of a firm whose business is
carried out by Karta of the Joint family, acting for all the family members.. The family
members have common ancestor and generally maintain a common residence and are
subject to common social, economic and religious regulations.
Joint Account: When two or more individuals jointly open an account with a bank.
Junk Bond: High-risk securities that have received low ratings (i.e. Standard & Poors
BBB rating or below; or Moodys BBB rating or below) and as such, produce high yields,
so long as they do not go into default.
Karta: Manager of a Hindu Undivided Family (HUF) who handles the family business.
He is usually the eldest male member of the undivided family.
Kiosk Banking: Doing banking from a cubicle from which food, newspapers, tickets
etc. are also sold.
KYC Norms: Know your customer norms are imposed by R.B.I. on banks and other
financial institutions to ensure that they know their customers and to ensure that
customers deal only in legitimate banking operations and not in money laundering or
frauds.
Law of Limitation: Limitation Act of 1963 fixes the limitation period of debts and
obligations including banks loans and advances. If the period fixed for particular debt or
loan expires, one cannot file a suit for is recovery, but the fact of the debt or loan is not
denied. It is said that law of limitation bars the remedy but does not extinguish the right.
Lease Financing: Financing for the business of renting houses or lands for a specified
period of time and also hiring out of an asset for the duration of its economic life.
Leasing of a car or heavy machinery for a specific period at specific price is an example.
Letter of Credit: A document issued by importers bank to its branch or agent abroad
authorizing the payment of a specified sum to a person named in Letter of Credit
(usually exporter from abroad). Letters of Credit are covered by rules framed under
NPA Account: If interest and instalments and other bank dues are not paid in any loan
account within a specified time limit, it is being treated as non-performing assets of a
bank.
Off Balance Sheet Items: Those items which affect the financial position of a business
concern, but do not appear in the Balance Sheet E,g guarantees, letters of credit . The
mention "off Balance Sheet items" is often found in Auditors Reports or Directors
Reports.
Offer for Sale: An offer to the public by, or on behalf of, the holders of securities
already in issue.
Offer for Subscription: The offer of new securities to the public by the issuer or by
someone on behalf of the issuer.
Online Banking: Banking through internet site of the bank which is made interactive.
Open-end (Mutual) Fund: There is no limit to the number of shares the fund can issue.
The fund issues new shares of stock and fills the purchase order with those new shares.
Investors buy their shares from, and sell them back to, the mutual fund itself. The share
prices are determined by their net asset value.
Open Offer: An offer to current holders of securities to subscribe for securities whether
or not in proportion to their existing holdings.
Option: A security that gives the holder the right to buy or sell a certain amount of an
underlying financial asset at a specified price for a specified period of time.
Oversubscribed: When an Initial Public Offering has more applications than actual
shares available. Investors will often apply for more shares than required in anticipation
of only receiving a fraction of the requested number. Investors and underwriters will
often look to see if an IPO is oversubscribed as an indication of the publics perception
of the business potential of the IPO company.
Pass Book: A record of all debit and credit entries in a customer's account. Generally
all banks issue pass books to Savings Bank/Current Account Holders.
Par Bond: A bond selling at par (i.e. at its face value).
Par Value: The face value of a security.
Perpetual Bonds: Bonds which have no maturity date.
Placing: Obtaining subscriptions for, or the sale of, primary market, where the new
securities of issuing companies are initially sold.
Personal Identification Number (PIN): Personal Identification Number is a number
which an ATM card holder has to key in before he is authorized to do any banking
transaction in a ATM .
Plastic Money: Credit Cards, Debit Cards, ATM Cards and International Cards are
considered plastic money as like money they can enable us to get goods and services.
Pledge: A bailment of goods as security for payment of a debt or performance of a
promise, e.g pledge of stock by a borrower to a banker for a credit limit. Pledge can be
made in movable goods only.
Post-Dated Cheque: A Cheque which bears the date which is subsequent to the date
when it is drawn. For example, a cheque drawn on 8th of February, 2007 bears the date
of 12th February, 2007.
Real Interest Rate: The net interest rate over the inflation rate. The growth rate of
purchasing power derived from an investment.
Redemption Value: The value of a bond when redeemed.
Reinvestment Value: The rate at which an investor assumes interest payments made
on a bond which can be reinvested over the life of that security.
Relative Strength Index (RSI): A stocks price that changes over a period of time
relative to that of a market index such as the Standard & Poors 500, usually measured
on a scale from 1 to 100, 1 being the worst and 100 being the best.
Repurchase Agreement: An arrangement in which a security is sold and later bought
back at an agreed price and time.
Resistance Level: A price at which sellers consistently outnumber buyers, preventing
further price rises.
Return: Amount of investment gain or loss.
Rescheduling of Payment: Rearranging the repayment of a debt over a longer period
than originally agreed upon due to financial difficulties of the borrower.
Restrictive Endorsement: Where endorser desires that instrument is to be paid to
particular person only, he restricts further negotiation or transfer by such words as "Pay
to Ashok only". Now Ashok cannot negotiate the instrument further.
Right of Appropriation: As per Section 59 of the Indian Contract Act, 1972 while
making the payment, a debtor has the right to direct his creditor to appropriate such
amount against discharge of some particular debt. If the debtor does not do so, the
banker can appropriate the payment to any debt of his customer.
Right of Set-Off : When a banker combines two accounts in the name of the same
customer and adjusts the debit balance in one account with the credit balance in other
account, it is called right of set-off. For example, debit balance of Rs.50,000/- in
overdraft account can be set off against credit balance of Rs.75,000/- in the Savings
Bank Account of the same customer, leaving a balance of Rs.25,000/- credit in the
savings account.
Rights Issue: An offer by way of rights to current holders of securities that allows them
to subscribe for securities in proportion to their existing holdings.
Risk-Averse, Risk-Neutral, Risk-Taking:
Risk-averse describes an investor who requires greater return in exchange for greater
risk.
Risk-neutral describes an investor who does not require greater return in exchange for
greater risk.
Risk-taking describes an investor who will accept a lower return in exchange for greater
risk.
Safe Custody: When articles of value like jewellery, boxes, shares, debentures,
Government bonds, Wills or other documents or articles are given to a bank for safe
keeping in its safe vault, it is called safe custody.. Bank charges a fee from its clients for
such safe custody.
Savings Bank Account: All banks in India are having the facility of opening savings
bank account with a nominal balance. This account is used for personal purposes and
not for business purpose and there are certain restrictions on withdrawals from this type
of account. Account holder gets nominal interest in this account.
Senior Bond: A bond that has priority over other bonds in claiming assets and
dividends.
Settlement: Conclusion of a securities transaction when a customer pays a
broker/dealer for securities purchased or delivered, securities sold, and receive from the
broker the proceeds of a sale.
Short Hedge: A transaction that protects the value of an asset held by taking a short
position in a futures contract.
Short Position: Investors sell securities in the hope that they will decrease in value and
can be bought at a later date for profit.
Short Selling: The sale of borrowed securities, their eventual repurchase by the short
seller at a lower price and their return to the lender.
Speculation: The process of buying investment vehicles in which the future value and
level of expected earnings are highly uncertain.
Stock Splits: Wholesale changes in the number of shares. For example, a two for one
split doubles the number of shares but does not change the share capital.
Subordinated Bond: An issue that ranks after secured debt, debenture, and other
bonds, and after some general creditors in its claim on assets and earnings. Owners of
this kind of bond stand last in line among creditors, but before equity holders, when an
issuer fails financially.
Substantial Shareholder: A person acquires an interest in relevant share capital equal
to, or exceeding, 10% of the share capital.
Support Level: A price at which buyers consistently outnumber sellers, preventing
further price falls.
Teller : Teller is a staff member of a bank who accepts deposits, cashes cheques and
performs other banking services for the public.
Technical Analysis: A method of evaluating securities by relying on the assumption
that market data, such as charts of price, volume, and open interest, can help predict
future (usually short-term) market trends. Contrasted with fundamental analysis which
involves the study of financial accounts and other information about the company. (It is
an attempt to predict movements in security prices from their trading volume history.)
Time Horizon: The duration of time an investment is intended for.
Trading Rules: Stipulation of parameters for opening and intra-day quotations,
permissible spreads according to the prices of securities available for trading and board
lot sizes for each security.
Trust Deed: A formal document that creates a trust. It states the purpose and terms of
the name of the trustees and beneficiaries.
Underwriting : is an agreement by the underwriter to buy on a fixed date and at a fixed
rate, the unsubscribed portion of shares or debentures or other issues. Underwriter gets
commission for this agreement.
Underlying Security: The security subject to being purchased or sold upon exercise of
the option contract.
Universal Banking : When Banks and Financial Institutions are allowed to undertake
all types of activities related to banking like acceptance of deposits, granting of
advances, investment, issue of credit cards, project finance, venture capital finance,
foreign exchange business, insurance etc. it is called Universal Banking.
Valuation: Process by which an investor determines the worth of a security using risk
and return concept.
Virtual Banking: Virtual banking is also called internet banking, through which financial
and banking services are accessed via internet's World Wide Web. It is called virtual
banking because an internet bank has no boundaries of brick and mortar and it exists
only on the internet.
Warrant: An option for a longer period of time giving the buyer the right to buy a
number of shares of common stock in company at a specified price for a specified
period of time.
Wholesale Banking: Wholesale banking is different from Retail Banking as its focus is
on providing for financial needs of industry and institutional clients.
Window Dressing: Financial adjustments made solely for the purpose of accounting
presentation, normally at the time of auditing of company accounts.
Yield (Internal rate of Return): The compound annual rate of return earned by an
investment
Yield to Maturity: The rate of return yield by a bond held to maturity when both
compound interest payments and the investors capital gain or loss on the security are
taken into account.
Zero Coupon Bond: A bond with no coupon that is sold at a deep discount from par
value.
You might also like:
Dream Big and Dare to Fail
AWARDS
PADMA AWARDS
On 65th Republic Day 2014 a total of 127
distinguished personalities from various fields
have been awarded Padma Awards.Following is
the list of the 127 awardees of Padma
Vibhushan, Padma Bhushan and Padma Shri
which were announced on the eve of the
65th Republic day.
About Padma Awards
Padma Awards, the countrys highest civilian
awards, are conferred in three
Maharashtra
Nadu
Bangladesh
USA
Engineering, Karnataka
Education, USA
Maharashtra
Delhi
Engineering, Karnataka
Padma Shri
Engineering, Delhi
Pradesh
Engineering, Delhi
Engineering, Karnataka
Education, Delhi
Manipur
Gujarat
Maharashtra
Uttarakhand
Pradesh
Designing, Goa
Maharashtra
Attam, Kerala
Art, Chhattisgarh
Pradesh
Engineering, Gujarat
Maharashtra
Delhi
Pradesh
Delhi
Gujarat
Kashmir
Pradesh
Gujarat
Nadu
Maharashtra
Maharashtra
Engineering, Kerala.
Dermatology, Gujarat
Uttar Pradesh
Engineering, Maharashtra
Engineering, Karnataka
Toronto, Canada.
16. Indian origin physicist Tejinder Virdee
was honoured knighthood Bachelor by Queen
Elizabeth II. He was awarded for
his work on the Higgs Boson theory.
17. GMR wins arbitration award against
Maldivian govt: Indian infrastructure giant
GMR has won the arbitration award
against Maldivian government for wrongful
termination of Airport project contract.
in Chhattisgarh.
philanthropy.
Thing.
in Chhattisgarh.
22. Caparo Group founded by leading NRI
industrialist Lord Swraj Paul has won the
International Business of the Year Award
2014
23. Golden Peacock Awards 2014:
Technopark Technology Business Incubator
(T-TBI) was chosen for the Special
Commendation at the Golden Peacock
National Training Awards 2014.
24. Bharat Ratna Award: Sachin Tendulkar
and CN Rao conferred Bharat Ratna Award
2013.
Note: Tendulkar is the first sportsman and
the youngest recipient of the the Bharat Ratna
ii. Prof Rao is a well recognized international
authority on solid state and materials
chemistry is the third scientist to
received award after CV Raman and former
President A.P.J Abdul Kalam.
iii. The Bharat Ratna was announced after a
gap of four years with Hindustani music
doyen Bhimsen Joshi being the last
recipient in 2009.
25. Dadasaheb Phalke Award 2013: Veteran
poet and film lyricist Gulzar has been chosen
for the coveted Dadasaheb
Phalke Award for 2013. He is the 45th winner
of the Dadasaheb Phalke Award.
26. Pulitzer Prize 2014: India-born poet Vijay
Seshadri has won the prestigious 2014
Pulitzer Prize in the poetry category
for his work '3 Sections'.
27. Donna Tartt wins fiction Pulitzer Prize
2014 for novel 'Goldfinch'
28. Miss India 2014: Koyal Rana new Miss
India.
29. Gandhi Peace Prize for 2013: Eminent
Gandhian and environmentalist Chandi
Prasad Bhat selected for the award.
1. BSBDA Basic Savings Bank Deposit
Account
2. FCNR (B) Foreign Currency Non-Resident
Bank
3. TARC Tax Administration Reform
Commission
Important Banking
Abbreviations For
Upcoming Examinations
4. ITEs: Intra-Group Transactions and
Exposures
5. LCR: Liquidity Coverage Ratio
6. NSFR: Net Stable Funding Ratio
7. LRMT: Liquidity risk monitoring tools
8. CBS: Core Banking Solution
8
NCERT: National Council Of Education
Research And Training
cause the banks to transfer more funds to RBI due to this attractive interest rates. One factor which
encourages an organisation
to enter into reverse repo is that it earns some extra income on its otherwise idle cash.
5. CRR (Cash Reverse Ratio): CRR is the amount of funds that the banks have to keep with RBI. If RBI
increases CRR, the available
amount with the banks comes down. RBI is using this method (increase of CRR), to drain out the
excessive money from the
banks.
6. SLR (Statutory Liquidity Ratio): SLR is the amount a commercial banks needs to maintain in the form
of cash, or gold, or govt.
approved securities (Bonds) before providing credit to its customers. SLR rate is determined and
maintained by RBI in order to
control the expansion of the bank credit.
Need of SLR: With the SLR, the RBI can ensure the solvency of a commercial banks. It is also helpful to
control the expansion of
the Bank credits. By changing SLR rates, RBI can increase or decrease bank credit expansion. Also
through SLR, RBI compels the
commercial banks to invest in the government securities like govt. bonds.
Main use of SLR: SLR is used to control inflation and propel growth. Through SLR rate the money
supply in the system can be
controlled effectively.
7. Marginal Standing Facility (MSF): MSF rate is the rate at which banks borrow funds overnight from
the Reserve Bank of India
(RBI) against approved government securities.
8. Commercial Paper: Commercial Paper (CP) is an unsecured money market instrument issued in the
form of a promissory note.
Corporates, primary dealers (PDs) and the All-India Financial Institutions (FIs) are eligible to issue CP.
Maturity period: between
This GK Capsule has been prepared by Career Power Institute Delhi (Formerly Known as Bank Power).
This
document consists of all important news and events of last few months which can come in SBI Clerk
Exam.
26. Term Money: Term Money refers to borrowing/lending of funds for period exceeding 14 days
27. CRAR(Capital to Risk Weighted Assets Ratio): Capital to risk weighted assets ratio is arrived at by
dividing the capital of the
bank with aggregated risk weighted assets for credit risk, market risk and operational risk.
28. Non Performing Assets (NPA): An asset, including a leased asset, becomes non performing when it
ceases to generate income
for the bank.
29. INFLATION: inflation is a rise in the general level of prices of goods and services in an economy
over a period of time. When the
general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation
reflects a reduction in
the purchasing power per unit of money a loss of real value in the medium of exchange and unit of
account within the
economy.
15. Each year government will be adding AIIMS to ensure there is an AIIMS in
every state: Jaitley
16. Rs 100 crores to set up virtual classrooms.
17. Rs 500 crores for setting up 5 more IIMs and IITs
18. FM Proposes to enhance the scope of income tax settlement commission
19. Rs 7,060 crore allocated for building new cities
20. Rs 200 crores credit scheme for start-ups by those from scheduled castes
and tribes
21. 15 Braille press to come up.
22. Currency note with Braille-like signs
23. Minimum pension of Rs.1000 per month to all PP schemes.
24. Rs 50,548 cr proposed for SC development
25. Bharat Swach Yojna proposed for hygiene and cleanliness.
26. Rs. 200 crore for Statue of Unity, a statue of Sardar Patel in Gujarat.
27. Rs. 1000 cr for irrigation plan named Pradhan mantri krishi sichayin
yojana.
28. e-visa for nine cities.
29. Rs. 7060 cr for creating smart cities.
30. Assam and Jharkhand to get Centre of Excellence on farming
31. Rs. 100 crores for modernization of Madrasas
32. Jaitley announces Skill India, a programme to train youth for jobs
33. Rural housing: Rs 8000 crores for national housing banking programme
34. Senior Citizens Pension Plan Extended Till August 2015
35. Rs. 500 crore for price stabilization fund.
36. 100 soil testing laboratories across the country.
37. Agriculture University in AP and Rajasthan, and Horticulture University in Haryana, Telangana; Rs.
200 cr set aside
38. An AIIMS will be created in every state.
39. All six new AIIMS are functional. Four more AIIMS under consideration. 12 more medical colleges
will be added. Rs. 500
crore allocated for this.
40. Govt allocates Rs 500 cr for Internet connectivity in villages
41. Crisis Management Center for women at Delhi
42. Start up village at Rs 100 crore to promote entrepreneurship among rural youth.
43. Rs. 14,389 crores for PM Sadak Yojana
44. Rs 200 crore allocated to set up six textiles clusters
FDI Limits
List of Limits in Various Sectors (In %)
1. Defence Raised to 49% from
26%
2. Pension 49
3. Insurance Raised to 49% from
26%
4. Print Media 26
5. Civil Aviation 49
6. Public Sec. Banks 20
7. Private Sec. Banks 74
8. Multi Brand 51
9. Single Brand 100
10. Tourism 100
15. Anil Kaushal committee: to examine the recommendations made by the TRAI on pricing of
Spectrum.
16. Bimal Jalan panel : to scrutinize applications for new bank licenses.
17. Parthasarathi Shome. for Tax Administration Reform Commission (TARC), Suggest a system to
enforce better tax
compliance
18. Kirit Parikh panel : on fuel pricing has suggested that the diesel prices should be increased by Rs 11.50 a litre every month
as against the 45-50 paise monthly hike followed currently.
19. K U.B. Rao : the idea of setting up Bullion Bank or Bullion Corporation of India
20. Arvind Mayaram Panel: report on the alleged irregularities at the National Spot Exchange Ltd (NSEL)
21. Arvind Mayaram Committee for giving clear definitions to Foreign Direct Investment (FDI) and
Foreign Institutional
Investment (FII)
22. Suma Verma Committee - to update, and revise the Banking Ombudsman Scheme, 2006
15th IIFA AwardsBest Picture - Viacom 18 Motion Pictures & Rakeysh Omprakash Mehra- BhaagMilkha Bhaag
Best Direction - Rakeysh Omprakash Mehra - Bhaag Milkha Bhaag
Performance in a Leading Role (Male) - Farhan Akhtar - Bhaag Milkha Bhaag
Best Playback Singer (Female) Award- Monali Thakur - Sawaar loon (Lootera)
Best Choreographer Award- Samir and Arsh Tanna - Lahu muh lag gaya (Goliyon Ki Raasleel Ramleela)
Best Background Score Award- Hitesh Sonik (Kai Po Che)
Best Action Award- Thomas Struthers and Guru Bachchan (D Day)
Best Cinematography Award- Kamaljit Negi (Madras Cafe)
Best Editing Award- Aarif Sheikh ( D-Day)
Best Production Design Award- Acropolis Design (Bhaag Milkha Bhaag)
Best Sound Design Award- Bishwadeep Chatterjee and Nihar Ranjan Samar (Madras Cafe)
Best Costume Award- Dolly Ahluwalia (Bhaag Milkha Bhaag)
Best VFX Award- Tata Elxis (Dhoom:3)
Prime Minister Narendra Modi on 27 August 2014 set up a Ramanujam committee to identify obsolete
laws.
The Union Government decided to appoint former RBI governor Bimal Jalan as the head of the
Expenditure Management Commission.
The Union Ministry of Human Resource Development (HRD) on 3 August 2014 set up a four member
committee to review the present status of UGC
Union Ministry of Corporate Affairs on 19 July 2014 constituted R S Sharma Expert Committee on Cost
Records and Cost Audits.
SC has appointed a former Justice SB Sinha commission to probe the 2006 Meerut Fire tragedy. It will
summit its report by 31 January 2015.
Committee Set Up On Uttarakhand Floods : The committee headed by AK Ganju (Chairman, Ganga
Flood Control Commission, Patna).
JS Mathur committee : to revise Newspaper Advertisement Rates
K. Ratna Prabha : Committee on indecent depiction of women in media.
Mukul Mudgal Committee: looking into US giant Walmarts lobbying activities to enter India
MBN Rao Committee: to prepare the blueprint of Indias first womens bank
SK Srivastava Committee: to formulate a policy on public-private partnership model to raise coal
output.
K M Chandrasekhar Committee for rationalization of foreign investment norms
Arvind Mayaram Committee for giving clear definitions to Foreign Direct Investment (FDI) and Foreign
Institutional Investment (FII)
Janakiraman Committee To investigate the security transactions of the bank
RS Gujral Committee suggest measures to boost MSME exports.
MS Ahluwalia committee to evaluate aspects related to set up of Nalanda University
Sitakant Mahapatra committee- for inclusion of Bhojpuri language in eighth schedule of constitution
N R Narayana Murthy committee for evaluation of corporate sector participation in Higher Education.
C Rangarajan committee for poverty scale estimates in the country
MB Shah committee for inspection of illegal mining activities
N Rangachary committee to examine taxation policies for I.T. sector
Parthasarathi Shome committee implementation of GAAR (General Anti Avoidance Rule).
Deepak Parekh committee for Financing Infrastructure sector
Naresh Chandra committee 14 member task force on security issues
Bhandari Committee Reconstruction of RRBs
_ Prithvi I - 150km
_ Prithvi II - 350km
_ Prithvi III - 350km - 600km
_ Agni I - 700km -1250km
_ Agni II - 2000km -3500km
_ Agni III - 3500km -5000km
_ Agni IV - 3000km -4000km
_ Agni V - 5500km -5800km
_ Agni VI - 8000km -3500km
_ Akash- 30 km
1. INS Kolkata : Prime Minister Narendra Modi commissioned INS Kolkata at the Naval base in
Mumbai. INS Kolkata is biggest and most powerful guided missile-destroyer.
2. INS Kamorta: India's first indigenously built Anti-submarine warship inducted into the Navy.
3. PM dedicates two hydro power projects in Leh and Kargil: (i) 44 MW Chutak hydroelectric project in Kargil district and (ii) 45 MW Nimoo Bazgo project in Leh district.
Note: i. The Chutak Hydroelectric Plant is a run-of-the-river power project on the Suru River
ii. The Nimoo Bazgo power station is located on river Indus.
4. China unveiled its next generation Intercontinental Ballistic Missile (ICBM) Dongfeng 41
(DF-41).
Note: DF-41 with its long range has similar abilities to the US rocket Minuteman, which has a
range of 13000 km or Russian RS-24M Yars.
5. The Indian Air Force received its sixth C-17 Globemaster heavy lift transport aircraft which
also carried a World War II vintage 'Harvard' aircraft in its belly.
6. Indo-Russia pact planned to develop a sleeker and faster 'mini' version of BrahMos missile
7. Malabar Naval exercise 2014 held in the Pacific Ocean. The Exercise Malabar is a joint
naval exercise first conducted as a bilateral one between the US and Indian navies in 1992.
Japan participates in the Malabar exercises for the third time since it first participated in 2007.
8. Indo-Russian joint venture firm BrahMos Aerospace is developing a smaller version of the
290-km supersonic cruise missile for enabling its deployment on submarines and smaller fighter
aircraft such as MiG 29K.
19. Momentous Times on the 175 years of Times of India. The book is an effort of the Times of
India Group.
20. "Victory India A Key to Quality Military Leadership" authored by Colonel Vinay B Dalvi
(Retd)
21. The Da Vinci Code: Dan Brown
Some books authored by RBI Governor: Raghuram Rajan
Aid and Growth
Fault Lines
India's Pattern of Development
The Real Effect of Banking Crises
Controlled Capital Account Liberalization
Saving Capitalism from the Capitalists .
OBITUARY
Organisation - London
15. Universal Postal Union Berne
16. Food and Agricultural
Organisation - Rome
17. World Meteorological
Organisation - Geneva
18. SAARC - Kathmandu
19. Amnesty International London
20. Transparency
International - Berlin
21. World Intellectual
Property Organization Geneva
22. International Renewable
Energy Agency - Abu Dhabi
(UAE) (Interim HQs)
23. Commonwealth of
Nations - London
24. International Standards
Organisation Geneva
Crop Seasons:
Gair: Rajasthan.
Garba: Gujarat.
Ghoomar: Rajasthan.
Karagam: Tamil Nadu.
Dumhal: Kashmir.
Lavani: Maharashtra
Odissi: Orissa
Rice
State 1. West Bengal 2. Andhra Pradesh 3. Uttar Pradesh
Country - 1. China 2. India 3. Indonesia
Sugarcane
States - 1. Uttar Pradesh 2. Tamil Nadu 3.Maharashtra
Country - 1. Brazil 2. India 3. China
Jute
State - 1. West Bengal 2. Bihar 3. Assam
Country - 1. India 2.Bangladesh 3. China
Milk
State - 1. Uttar Pradesh 2. Rajasthan 3. Andhra Pradesh
Country - 1. India 2. United States 3. China
Sports News
2014 Commonwealth Games:
The 2014 Commonwealth Games (officially the XX Commonwealth Games) were
held in Glasgow, Scotland, from 23 July to 3 August 2014. This is the 20th edition of the
Commonwealth Games.
Scotland has previously hosted the event twice, in 1970 and 1986, both in Edinburgh.
Note: The first was hosted by Hamilton, Canada, in 1930 and known as the British Empire
Games.
England finished top of the medal table for the first time since the 1986 Commonwealth
Games, also held in Scotland.
Kiribati also won its first ever medal at a Commonwealth Games, a gold in the 105 kg
men's weightlifting
competition.
There are 71 participating nations at the 2014 Commonwealth Games with approximately 4,950
competing athletes,
making it one of the largest Commonwealth Games staged to date.
Mascot: Clyde, an anthropomorphic thistle named after the river which flows through the centre
of Glasgow, was the
official mascot of the 2014 Commonwealth Games. The mascot was designed by Beth Gilmour,
who won a competition
run by Glasgow 2014 for children to design the Mascot.
Medal Tally:
Rank
1
2
3
4
5
Bronze Total
58
59
57
42
46
137
16
34
82
15
19
53
30
19
64
174
1. Navjot Chana Men's judo 60 kg (lost to Ashley McKenzie of England on penalty points
(shido) in the final)
2. Shushila Likmabam Women's judo 48 kg (lost to Kimberly Renicks of Scotland in the
final)
Bronze Medal in Judo
1. Kalpana Thoudam Women's judo 52 kg (beat Christianne Legentil of Mauritius. Bronze for
Thoudam for conceding
lesser penalty points)
2
SHOOTING
Gold Medal Winner In Shooting
1. Abhinav Bindra: In Mens 10m Air Rifleformer Olympic gold medallist Abhinav Bindra
claimed his first individual
gold at the commonwealth Games when he finished witha final games record score of 205.3.
2. Jitu Rai: In Mens shooting, 50 m Pistol Jitu Rai who set finals games record gathering a total
of 194.1 points won gold
for his country. Gurpal Singh with 187.2 points settled with silver in this category.
3. Rahi Sarnobat: It was an allIndian affair in the final of Womens shooting 25 m Pistol event
as Rahi Sarnobat
defeated Anisa Sayyed to clinch the gold medal.
4. Apurvi Chandela: In Womens shooting, 10 m Air Rifle rising star Apurvi Chandela claimed
her first international
medal. Apurvi triumphed over her compatriot Ayonika Paul to win the gold medal.
Silver Medal Winner In Shooting
1. Malaika Goel Women's 10m Air Pistol shooting
2. Prakash Nanjappa Men's shooting, 10m Air Pistol
3. Ayonika Paul Women's shooting, 10m Air Rifle
4. Anisa Sayeed Women's shooting, 25m Pistol
5. Shreyasi Singh Women's shooting, double trap
Important Points:
1. Vijay Kumar is the flag bearer for Indian contingent at the opening ceremony of the
Commonwealth Games
2. Sanjita Chanu wins Indias first Gold medal at 2014 Commonwealth Games.
3. Vikas Gowda became India's only second male athlete to win a gold at the Commonwealth
Games after the legendary
Milkha Singh won the 440 yard gold way back in 1958 at Cardiff.
4. Parupalli Kashyap became the first Indian man in 32 years to win badminton gold at the
Games.
5. Dipa Karmakar scripts history, wins first gymnastic medal for India at Commonwealth Games.
She bagged a bronze in
the vault event.
6. Pinki Rani bags first medal in Boxing. She won bronze medal.
7. England finished top of the medal table at Commonwealth Games for the first time in 28
years.
8. The first Commonwealth Games was hosted by Hamilton, Canada, in 1930 and known as
the British Empire Games.
9. The 21st Commonwealth Games will be held in Gold Coast in Australia in 2018.
10. Australia has hosted the Commonwealth Games on a record four occasions, and will make
it five when Gold Coast
hosts the event in 2018.
11. India men's hockey team won silver medal
2014 FIFA World Cup:
Germany defeat Argentina by 1 0 to lift 2014 FIFA World Cup title.
1. Golden Ball Award: Lionel Messi was declared as the Player of the tournament and awarded
Golden Ball.
2. Golden Boot Award: James Rodriguez of Colombia wins the Golden Boot award for
finishing top scorer at the 2014
World Cup in Brazil. He scores 6 goals in the tournament.
3. Golden Glove Award: Manuel Neuer (Germany) wins Golden Glove at 2014 World Cup.
Hat Rick Goal: Thomas Muller (Germany) score first hattrick and Xherdan Shaqiri
(Switzerland) claim second
hattrick of the tournament.
Note: i. Mario Gtze kicks in second half of extra time to help Germany to win the final by 1 0
against Argentina.
ii. Germany won their fourth World Cup after a 24 year (1954, 1974 and 1990) wait.
iii. Netherland stood 3rd and Brazil stood 4th in the tournament.
iv. Brazuca is the name of the new ball unveiled in the 2014 FIFA World Cup
FIFA rankings:
1. Germany 2. Argentina 3. Netherland 4. Colombia 5. Belgium
6. Uruguay 7. Brazil 8. Spain
FIFA (Football) World Cup venue: - RQ
1. 2018 : Russia
2. 2022: Qatar
Tennis:
Wimbledon 2014:
1. Mens Title: Novak Djokovic defeated Roger Federer to win his second Men's Wimbledon title and
seventh career
Grand Slam.
2. Womens Title: Petro Kvitova defeated Eugenie Bouchard to win Wimbledon title
French Open 2014:
1. Mens Title: Rafael Nadal clinches record ninth French Open title. He defeated Novak Djokovic in the
final.
Note: Rafal Nadal now won 14 Grand Slam singles titles till now.
2. Womens Title: Maria Sharapova defeat Simona Halep to win French Open Title second time.
Note: Maria Sharapova now won 5th Grand Slam title.
Australian Open 2014:
1. Mens Single: Switzerland's Stanislas Wawrinka claimed his first Grand Slam title by defeating Rafael
Nadal
2. Womens Single: Li Na (China) defeat Dominika Cibulkova. Li Na becomes first Chinese woman to
clinch title.
3. Womens Doubles: Errani and Roberta Vinci beat Russia's Ekaterina Makarova and Elena Vesnina
Hockey World Cup 2014:
1. Mens Title: Australia defeated Netherland in the final.
Note: Australia won the title for the second time,
2. Womens Title: Netherland defeated Australia in the final.
Note: Netherland won the title for the seventh time,
Note: Indian men's hockey team rank 9th in latest word hockey rankings.
Hockey World Cup 2018 Venue:
1. Mens Hockey World Cup India
2. Womens Hockey World Cup - England
ICC World Cup Cricket Venue:
ODI: (One day International):
1. Australia & New Zealand: 2015.
2. England - 2019
3. India - 2023
T20:
1. Bangladesh -2014. Sri Lanka defeat India to win the maiden title.
2. India -2016.
3. Australia - 2020.
Test:
1. England 2017 (for first time).
2. India - 2021.
U-19 World Cup
1. UAE 2014 - . South Africa defeated Pakistan to win the maiden title.
2. Bangladesh 2016
3. New Zealand 2018
4. South Africa 2020
5. West Indies - 2022
Note: ICC Womens World Cup 2013 - Australia defeated West Indies at Brabourne Stadium in Mumbai.
Commonwealth Games venues:
1. 2014 Glasgow (Scotland).
2. 2018 Gold Coast (Australia).
Olympics Games venues:
1. 2014 winter: Sochi (Russia) Russia tops in the medal tally in 2014 winter Olympic games.
2. 2016 Summer: Rio de Janeiro (Brazil)
3. 2018 winter: Pyeongchang (South Korea)s
4. 2020 summer: Tokyo (Japan)
Asian Games venue:
1. 2014: Incheon (South Korea) (Note: 2010 Asain Games held in Guangzhou, China).
14. Durand Cup football tournament 2014: The third oldest football tournament in the world,
Durand Cup, will be
held in Goa between October 28 and November 9 this year.
1. 2nd Summer Youth Olympics Games held in Nanjing, China
2. Weightlifter Ragala Venkat Rahul bagged India's first medal of the second Youth Olympic Games in
Nanjing, China.
3. Hockey India inducts Madhya Pradesh as new 23rd Associate Member.
Note: i. Prior to being the associate member of Hockey India, Hockey Madhya Pradesh was known as
Madhya Pradesh
Hockey Association
ii. Hockey India currently has 25 permanent, 23 associate, 2 members through State Olympic
Associations, 6 Academy
members and 1 Hoc-Key Member.
iii. Nitin Dhimole is the President and Lok Bahadur is the General Secretary of the Hockey Madhya
Pradesh.
4. Kush Kumar became first Indian player to reach semi final of World Junior Squash Championship.
5. Ravichandran Ashwin nominated for 2014 Arjuna Award
6. Roger Federer Wins Milestone 300th Masters Match: Roger Federer became the first man to win 300
matches at the
ATP Masters 1000 level, beating Vasek Pospisil in Cincinnati.
7. Real Madrid won UEFA Football Super Cup in Cardiff
8. Paragliding World Cup Association selected Himachal Pradesh as a venue to host the 2015 paragliding World Cup.
Note: This will be the first para-gliding World Cup to be hosted in India. The tournament will be
organised under the aegis
of Para-gliding World Cup Association, France.
9. Jammu and Kashmir to host Football Federation Cup in August 2015
10. Dutch teenager Max Verstappen to become youngest Formula One driver
11. Indias Ravichandran Ashwin was ranked number one Test all-rounder in ICC Test team rankings
12. Jo-Wilfried Tsonga won the Rogers Cup, beating second-seeded Roger Federer in the final. The
13th-seeded Frenchman
won his first ATP Tour title of the season and 11th overall.
13. South African all-rounder cricketer Jacques Kallis, announced his retirement from all formats of
international cricket.
14. German Sabine Lisicki created a record of fastest serve at 131 miles per in the womens tennis.
15. Miihier Singh, who won the Mr India title this year, will represent the country in the 48th Asian
Bodybuilding and
Physique Sports Championship.
16. Leonardo Mayer defeat David Federer to win maiden ATP title
17. Hero MotoCorp named title sponsor of ISL. Indian Super League -- the first-of-its-kind franchisebased football league IN the country.
18. Philipp Lahm, the captain of Germanys football team announced his retirement from international
game .
19. Italys Vincenzo Nibali wins 101st edition of Tour de France.
SUMMITS
G 20 Summit:
G20 meeting (2014) of Finance ministers and central bank governors held in
Sydney (Australia).
G20 Leaders Summit (2014) will be held in Brisbane, Queensland (Australia, in
November 2014.
NATO Summit
NATO Summit 2014 will be held in Britain. (Britain last hosted the summit in
1990, when Margret Thatcher was Prime Minister).
G 8 Summit:
2. India, Sri Lanka and Maldives held National Security Advisorlevel meeting on
maritime security cooperation in New Delhi.
3. World Telecommunications Development Conference held in Dubai.
4. The Green Economy Summit held in Dubai.
5. Arab Summit 2014: Kuwait host the Arab summit for the first time
6. International Petroleum Conference 2014 (PETROTECH2014) held in New
Delhi from 12th 15th January 2014.
7. The 9th WTO Ministerial Conference was concluded on 6 December 2013 at
Bali, Indonesia.
8. 12th Pravasi Bharatiya Divas 2014 held in New Delhi. This year's theme is
"Engaging Diaspora: Connecting Across Generations" Datuk Seri G Palanival is
the Chief Guest of 12th Pravasi Bharatiya Divas
9. The 8th Asia Gas Partnership Summit (AGPS) was held at New Delhi, India.
The 8th AGPS was organized by GAIL (India) Limited
and Federation of Indian Chambers of Commerce and Industry (FICCI).
MOUsDeal between India & Other Countries
1. India has committed 8.5 billion rupees to Bhutan for Small Development
Project for the countrys the 11th Five Year Plan.
2. Iran and Japan signed a Memorandum of Understanding (MoU) for bilateral
cooperation on environmental issues in Tokyo.
3. India, Azerbaijan: to explore opportunities in energy sector
4. India and Canada have signed three MoUs for cooperation in health sector,
audio visual co production and skill development.
5. India, Poland agree to form Joint Working Group for cooperation in films
sector.
6. India and Fiji have signed a Double Taxation Avoidance Agreement, DTAA
for the avoidance of double taxation and for the
prevention of fiscal evasion with respect to taxes on income.
7. India and Saudi Arabia have decided to enhance their bilateral trade and
economic co operation over next 5 years.
8. India and Bhutan have signed an agreement on development of hydropower
projects.
9. India and Germany could sign an agreement for 1 billion for Greenfield
projects
10. India and Pakistan signed MoU on electricity trade: India has expressed its
intent to export electricity to the tune of 500 MW
2014.
4. Uttar Pradesh government launched Samajwadi pension scheme on 28 January
2014. The scheme will benefit over 40 lakh
families. Under the scheme pension from 500 rupees to 700 rupees will be given to
beneficiaries.
5. Tamil Nadu launches free CFL bulb scheme: Under the scheme state Govt
will provide free compact fluorescent light bulbs to
over 14 lakh hut dwellers in the State, an energy saving measure aimed at saving
40 MW of power.
6. Centre launches e inclusion project to spread e literacy. The project is an
initiative to make at least one individual in every
household e literate, under the project, economically weaker sections of the
society including rural SC, ST and women will
receive IT training.
7. Project Uddan: The project, an initiative of the Prime Minister, the National
Skills Development Corporation and the Ministry of
Home Affairs and industry, was started with the aim of providing skills to 40,000
youth over a period of five years.
8. The Cabinet Committee on Economic Affairs (CCEA) approved implementation
of various schemes related to agriculture,
including continuation of Rashtriya Krishi Vikas Yojana (RKVY), in the 12th Plan
with a combined outlay of over Rs 80,000 crore.
Note: The RKVY is a State plan scheme that provides 'considerable flexibility' and
autonomy to states in planning and executing
programmes for incentivising investment in agriculture and allied sectors.
9. Rani Laxmi Bai Pension Scheme: 'special pension' to Muzaffarnagar riot
victims by U.P. Govt. The pension, which would be
anywhere between Rs 400 and Rs 500, would be given under this scheme.
10. Bhagat Puran Singh Sehat Beema Yojna (BPSSBY) Health care scheme for
BPL families launched in Punjab
11. 'Roshini' Scheme: Centre launched skill development and job placement
scheme 'Roshini' for rural youth and women in maoist
affected 24 districts in 9 states.
12. Rajiv Gandhi Jeevandayee Arogya Yojana (health insurance scheme) was
launched in Maharashtra.
13. The Vikram Udyogpuri (Delhi Mumbai Industrial Corridor) project
launched in Madhya Pradesh.
14. Golden Girl (Bangaru Talli) Scheme: A unique scheme, launched in Andhra
Pradesh, to protect girl child and ensure her
education.
Best Actor: Rajkumar Rao for 'Shahid' and Suraj Venjaramudu and Venajaramoodu for
Malayalam movie 'Perariyathavar'
Best Actress: Geetanjali Thapa for Liars Dice
Best Director Award: Pranjal Dua for 'Chidiya Ud' (Hindi)
Best Popular Film providing Wholesome Entertainment: 'Bhaag Milkha Bhaag'
Best Film on Social Issues: 'Tojia Dharm Kauncha'
Best Non Feature Film: 'Rangbhoomi'
Best Supporting Actor: Saurabh Shukla, 'Jolly LLB'
Note: 'Cinema Ka Cinema' got the Best Book on Cinema, while the Best
Film Critic award went to Alka Sahania
Director of Film 'Shahid' Hansal Mehta
Director of Film 'Jolly LLB' Subhash Kapoor
Director of Film Liars Dice Geetu Mohandas
The IIFA 2014 Awards Winners List
Best Actor (Male): Farhan Akhtar for Bhaag Milka Bhaag
Best Actress (Female): Deepika Padukone for Chennai Express
Lifetime Achievement Award 2014: Shatrughan Sinha
Best Entertainer of the Year: Deepika Padukone
Best Film: Bhaag Milka Bhaag
Best Director: Rakeysh Om Mehra for Bhaag Milkha Bhaag.
Best Debutant Award map: Dhanush for Raanjhanaa
Best Story Award: Prashoon Joshi for Bhaag Milkha Bhaag
Best Lyric Writer: Mithoon for Tum Hi Ho from Aashiqui 2
Best Male Playback Singer Award: Arijit Singh for Tum Hi Ho
from Aashiqui 2
Best Female Playback Singer Award: Shreya Goshal for Sun Raha Hai Na
Tu from Aashiqui 2
John Travolta honoured the Most Popular All Time International Star in
India at IIFA awards
59th Filmfare Awards 2014:
1. Best Actress: Deepika Padukone Goliyon Ki Rasleela RamLeela
2. Best Actor: Farhan Akhtar Bhaag Milkha Bhaag
3. Best Film : Bhaag Milkha Bhaag
4. Best Director: Rakeysh Omprakash Mehra Bhaag Milkha Bhaag
5. Best Lyrics: Prasoon Joshi Zinda (Bhaag Milkha Bhaag)
6. Best Debut (Director): Ritesh Batra The Lunchbox
7. Best Debut (Male): Dhanush Raanjhanaa
8. Best Debut (Female): Vaani Kapoor Shuddh Desi Romance
9. Best Story: Subhash Kapoor Jolly LLB
10. Best Actor in a Supporting Role: Nawazuddin Siddiqui The Lunchbox
11. Best Actress in a Suporting Role: Supriya Pathak RamLeela
12. Lifetime Achievement Award: Tanuja
Sports News
14. Malaysian Grand Prix 2014: Britain's Lewis Hamilton won the title.
15. Syed Mushtaq Ali T20 trophy: Baroda beat Uttar Pradesh to win the trophy.
16. World Snooker title 2014: Mark Selby of England won maiden title.
17. Virat Kohli is number 1 ODI batsman in latest ICC rankings
18. Saeed Ajmal top bowlers in ODI ranking. He is followed by Dale Steyn and Sunil Narin
while Ravindra Jadeja is at fourth.
19. Waqar Younis appointed as new Pakistan coach.
20. Martin Kilzan won the Munich ATP tournament to claim second title of his career. In the
final match, he defeated Fabio Fognini
21. Chitra Magimairaj Wins World Women's Senior snooker title
22. The Indo Zimbabwean tennis pair of Sania Mirza and Cara Black has won the WTA
Portugal Open women's doubles title.
23. Kamal Chawla has settled for a bronze medal in the Asian
Snooker Championship being held in the United Arab Emirates.
24. Punjab won Junior National Hockey Title 2014 by defeating Odisha
in the final.
25. Novak Djokovic won Indian Wells final by defeating Roger Federer.
26. India's Heena Sidhu clinched World's No. 1 spot in 10 mts air pistol
event.
27. George Bailey lead Kings XI Punjab in the seventh edition of the Indian Premier League
28. Australian all rounder Shane Watson will captain Rajasthan Royals in the Indian Premier
League (IPL).
29. Sunil Gavaskar appoints (HDFC chairman) Deepak Parekh as his special advisor for 7th
edition of IPL
30. US sprint star Tyson Gay has received a one year doping ban from the US Anti Doping
Association.
31. Triple jumper Renjith Maheswary, who has been stopped from receiving Arjuna Award
under controversial circumstances on
charges of dope violation last year, has again been recommended by the Athletics Federation of
India (AFI) for the coveted
honour this year.
32. Darren Sammy retires from test cricket but remains T20 captain.
33. Ronnie OSullivan named as Snookers Player of the Year.
34. Lasith Malinga, new captain of Sri Lanka T20 team
35. New Zealand's Kiwi Kathy Cross became the first woman to be inducted in an ICC umpires'
panel
36. Dipika Pallikal ranked No 10 in Womens Squash Association (WSA) rankings
37. Saina Nehwal won Syed Modi International India Grand Prix Gold badminton crown by
defeating PV Sindhu in Lucknow.
38. BCCI recommends Ravichandran Ashwin ( Off spinner) for Arjuna Award.
39. Anirban Lahiri won Indonesian Masters golf title.
40. Grand Master Adhiban won silver medal at the Asian Continental Chess Championship
41. Delhi Waveriders beat Jaypee Punjab Warriors to lifts 2nd edition of Hockey India League
cup.
42. Rafael Nadal remains top of the mens ATP tennis rankings.
43. Serena Williams (USA) remains top of the WTA tennis rankings
71. Rising Test batsman Cheteshwar Pujara has bagged the 'Emerging Cricketer of the Year'
2013 trophy .
72. The International Cricket Council (ICC) has suspended West Indies offspinner Shane
Shillingford from bowling in international
matches because of illegal action.
73. Andy Murray crowned BBC 'Sports Personality of the year'2013.
74. Ethiopian Runner Atsedu Tsegay won Delhi Half Marathon 2013.
75. Australia beat England to seal 5 0 Ashes title
76. Hockey World League Final kicked off in New Delhi
77. 75th Senior National Table Tennis Cship held in Patna
78. The first high altitude cricket stadium in South India, inaugurated at Krishnagiri in Wynad
district of Kerala.
79. World and European champions Spain top the final FIFA world rankings of the year for the
sixth time in a row.
80. Mahesh Mangaonkar became the first Indian squash player to win the IMET Open by
defeating Greg Lobban, in the Slovakian
capital of Bratislava.
81. John Isner beat Lu Yen hsun of Taiwan to win Auckland title
Note: i. Bharat Bill Payment System is intended for the implementation of a unified bill payment system
across the
country.
This integrated bill payment system will comprise of two entities:
i. Entity operating at Bharat Bill Payment System (BBPS) will be setting up the standards related to
payments, clearance
and settlement process
ii. Second entity would be Bharat Bill Payment Operating Units (BBPOUs). It will be carrying out the
operations in
adherence to the standards fixed by BBPS.
iii. Authorised entities such as agents, banks, service providers, payment gateways would be the
participants at the Bharat
Bill Payment System.
6. Reserve Bank of India (RBI) recently issued draft guidelines for two new categories of bankssmall
and payments and
states that these can improve financial inclusion.
Note: i. The idea of payments banks was first proposed by the Nachiket Mor committee on financial
inclusion.
ii. The minimum paid-up capital requirement of both payments banks and small banks is Rs. 100 crore.
The payments
bank will have to invest in government securities with a maturity of up to one year.
Important Points:
i. Small banks will offer both deposits as well as loan products.
ii. Payments banks will be used only for transaction purposes and for deposits. Unlike small banks,
payments banks cant lend money to people
iii. Payments Banks cannot set up subsidiaries to undertake NBFC business.
iv. Hence, payments banks will offer only a limited range of products such as acceptance of demand
deposits and
remittance of funds.
v. Those eligible to set up a small bank include resident individuals with 10 years of experience in
banking and
finance, companies and societies, NBFCs, microfinance institutions and local area banks.
v. Of the minimum capital, the guidelines said, the promoters' initial minimum contribution will be at
least 40 per cent, to
be locked in for a period of five years.
7. RBI tightened the Norms for asset reconstruction companies (ARC) to improve discipline and bring
about
transparency in the sale and purchase of bad loans.
Note: Now, asset reconstruction companies (ARCs) will have to pay upfront 15 per cent of the bid value
of nonperforming
loans, against five per cent earlier.
ii. RBI said ARCs would get up to six months to plan recoveries from the non-performing assets
acquired. Currently, ARCs
get about a year for this.
8. GDP growth expected to go up to 5.5% this fiscal: RBI
9. RBI canceled the Licence of The Vasavi Co-operative Urban Bank Ltd., Hyderabad
10. The Reserve Bank of India has inked a memorandum of understanding (MoU) with the Monetary
Authority of Hong Kong
for exchange of supervisory information.
11. RBI permits NBFCs to work as Business Correspondents of banks: With a view to achieve financial
inclusion, the
Reserve Bank of India has allowed Non-Banking Finance Companies to operate as Business
Correspondents (BCs) of
banks, permitting them to offer limited services. Banks will be allowed to work with non-deposit taking
NBFCs as BCs.
Note: The RBI took into account recommendations of Nachiket Mor Committee while reviewing the
existing guidelines
on the appointment of BCs
12. The Reserve Bank of India said banks should make all new ATMs installed from July 1, 2014 as
talking ATMs with
Braille keypads.
13. Raghuram Rajan, the Governor of the Reserve Bank of India (RBI) announced that plastic currency
notes will be launched
in 2015 after field trials.
14. RBI panel headed by ex-Chairman of Axis Bank, P. J. Nayak recommend for diluting govt stake in
public sector banks to
below 50 %. The government should cut its holding in public sector banks to under 50 per cent, a
Reserve Bank of India
(RBI) panel report on Tuesday said, criticising the way in which the lenders are now being governed.
15. Reserve Bank of India granted banking licences to infrastructure financing firm IDFC and
microfinance institution
Bandhan from among 25 applicants that included corporate heavyweights ADAG Group, Aditya Birla
Group and Bajaj
Group.
Note: The in-principle approval granted (to the two entities) will be valid for a period of 18 months
during which the
applicants have to comply with the requirements under the guidelines and fulfil the other conditions as
may be stipulated
by the RBI.
Chandra Shekhar Ghosh: CMD of Bandhan financial services
Dr. Rajiv B. Lall: Chairman of IDFC Infrastructure Finance Company.
16. Reserve Bank of India (RBI) issued the guidelines to allow the minors of age above 10 years to
independently open and
operate savings bank accounts and use other facilities like ATM and cheque books.
17. RBI extended the timeline for full implementation of Basel III norms 31 March 2019 instead of 31
March 2018.
18. RBI extends date of exchanging pre-2005 notes to Jan 1, 2015 .
INCOMETAX
Tax is imposing financial charges on individual or company by central government or state
government. Collected Tax amount is used for building nation (infrastructure & other
development), to increase arms and ammunition for defense of country and for other welfare
related work. Thats why it is said that Taxes are paid nation are made.
Type of Taxes in India:Direct Taxes:-
These types of taxes are directly imposed & paid to Government of India. There has been a
steady rise in the net Direct Tax collections in India over the years, which is healthy signal.
Direct taxes, which are imposed by the Government of India, are:
(1) Income Tax:Income tax, this tax is mostly known to everyone. Every individual whose total income exceeds
taxable limit has to pay income tax based on prevailing rates applicable time to time.
By doing investment in certain scheme you can save Income Tax.
For FY 2014-15 Income tax rates are:(2) Capital Gains Tax:Capital Gain tax as name suggests it is tax on gain in capital. If you sale property, shares, bonds
& precious material etc. and earn profit on it within predefined time frame you are supposed to
pay capital gain tax. The capital gain is the difference between the money received from selling
the asset and the price paid for it.
Capital gain tax is categorized into short-term gains and long-term gains. The Long-term Capital
Gains Tax is charged if the capital assets are kept for more than certain period 1 year in case of
share and 3 years in case of property. Short-term Capital Gains Tax is applicable if these assets
are held for less than the above-mentioned period.
Rate at which this tax is applied varies based on investment class.
Example:If you purchase share at say 1000 Rs/- (per share) and after two months this price increased to
1200 Rs/-(per share) you decide to sale this stock and earn profit of 200 Rs/- per share. If you do
so you have to pay Short term CGT (capital gain tax) @ 10% +Education cess on profit as it is
short term capital gain. If you hold same share for 1 year or above it is considered as long term
capital gain and you need not to pay capital gain tax.it is considered as tax free.
(3) Securities Transaction Tax:A lot of people do not declare their profit and avoid paying capital gain tax, as government can
only tax those profits, which have been declared by people. To fight with this situation
Government has introduced STT (Securities Transaction Tax ) which is applicable on every
transaction done at stock exchange. That means if you buy or sell equity shares, derivative
instruments, equity oriented Mutual Funds this tax is applicable.
This tax is added to the price of security during the transaction itself, hence you cannot avoid
(save) it. As this tax amount is very low people do not notice it much.
Current STT Rates are:(4) Perquisite Tax:-
Earlier to Perquisite Tax we had tax called FBT (Fringe Benefit Tax) which was abolished in
2009, this tax is on benefit given by employer to employee. E.g If your company provides you
non-monetary benefits like car with driver, club membership, ESOP etc. All this benefit is
taxable under perquisite Tax.
In case of ESOP The employee will have to pay tax on the difference between the Fair Market
Value (FMV) of the shares on the date of exercise and the price paid by him/her.
(5) Corporate Tax:Corporate Taxes are annual taxes payable on the income of a corporate operating in India. For
the purpose of taxation companies in India are broadly classified into domestic companies and
foreign companies.
Indirect Taxes:(6) Sales Tax :Sales tax charged on the sales of movable goods. Sale tax on Inter State sale is charged by Union
Government, while sales tax on intra-State sale (sale within State) (now termed as VAT) is
charged by State Government.
Sales can be broadly classified in three categories. (a) Inter-State Sale (b) Sale during
import/export (c) Intra-State (i.e. within the State) sale. State Government can impose sales tax
only on sale within the State.
CST is payable on inter-State sales is @ 2%, if C form is obtained. Even if CST is charged by
Union Government, the revenue goes to State Government. State from which movement of
goods commences gets revenue. CST Act is administered by State Government.
(7) Service Tax:Most of the paid services you take you have to pay service tax on those services. This tax is
called service tax. Over the past few years, service tax been expanded to cover new services.
Few of the major service which comes under vicinity of service tax are telephone, tour operator,
architect, interior decorator, advertising, beauty parlor, health center, banking and financial
service, event management, maintenance service, consultancy service
Current rate of interest on service tax is 10.3%. This tax is passed on to us by service provider.
(8) Value Added Tax:The Sales Tax is the most important source of revenue of the state governments; every state has
their respective Sales Tax Act. The tax rates are also different for respective states.
Tax imposed by Central government on sale of goods is called as Sales tax same is called as
Value added tax by state government.VAT is additional to the price of goods and passed on to us
as buyer (end user). Around 220+ Items are covered with VAT.VAT rates vary based on nature
of item and state.
Government is planning to merge service tax and sales tax in form of Goods service tax (GST).
(9) Custom duty & Octroi (On Goods):Custom Duty is a type of indirect tax charged on goods imported into India. One has to pay this
duty , on goods that are imported from a foreign country into India. This duty is often payable at
the port of entry (like the airport). This duty rate varies based on nature of items.
Octroi is tax applicable on goods entering in to municipality or any other jurisdiction for use,
consumption or sale. In simple terms one can call it as Entry Tax.
(10) Excise Duty:An excise or excise duty is a type of tax charged on goods produced within the country. This is
opposite to custom duty which is charged on bringing goods from outside of country. Another
name of this tax is CENVAT (Central Value Added Tax).
If you are producer / manufacturer of goods or you hire labor to manufacture goods you are
liable to pay excise duty.
[nextpage title="Another 10 types of Taxes in India"]
(11) Anti Dumping Duty:Dumping is said to occur when the goods are exported by a country to another country at a price
lower than its normal value. This is an unfair trade practice which can have a distortive effect on
international trade. In order to rectify this situation Central Govt. imposes an anti dumping duty
not exceeding the margin of dumping in relation to such goods.
Other Taxes:(12) Professional Tax :If you are earning professional you need to pay professional tax. Professional tax is imposed by
respective Municipal Corporations. Most of the States in India charge this tax.
This tax is paid by every employee working in Private organizations. The tax is deducted by the
Employer every month and remitted to the Municipal Corporation and it is mandatory like
income tax.
The rate on which this tax is applicable is not same in all states.
(13) Dividend distribution Tax:Dividend distribution tax is the tax imposed by the Indian Government on companies according
to the dividend paid to a companys investors. Dividend amount to investor is tax free. At present
dividend distribution tax is 15%.
(14) Municipal Tax:Municipal Corporation in every city imposed tax in terms of property tax. Owner of every
property has to pay this tax. This tax rate varies in every city.
(15) Entertainment Tax:-
Tax is also applicable on Entertainment; this tax is imposed by state government on every
financial transaction that is related to entertainment such as movie tickets, major commercial
shows exhibition, broadcasting service, DTH service and cable service.
(16) Stamp Duty, Registration Fees, Transfer Tax:If you decide to purchase property than in addition to cost paid to seller. You must consider
additional cost to transfer that property on your name.
That cost include registration fees, stamp duty and transfer tax. This is required for preparing
legal document of property.
In simple sense this tax is imposed on the handing over of the title of property ownership by one
person to another. It incorporates a legal transaction fee & stamp duty. This amount varies from
property to property based on cost.
(17) Education Cess , Surcharge:Education cess is deducted and used for Education of poor people in INDIA. All taxes in India
are subject to an education cess, which is 3% of the total tax payable. The education cess is
mainly applicable on Income tax, excise duty and service tax.
Surcharge is an extra tax or fees that added to your existing tax calculation. This tax is applied on
tax amount.
(18) Gift Tax:If you receive gift from someone it is clubbed with your income and you need to pay tax on it.
This tax is called as gift tax.
This tax is applicable if gift amount or value is more than 50000 Rs/- in a year.
(19) Wealth Tax:Wealth tax is a direct tax, which is charged on the net wealth of the assessee. Wealth tax is
chargeable in respect of Net wealth corresponding to Valuation date.Net wealth means all assets
less loans taken to acquire those assets. Wealth tax is 1% on net wealth exceeding 30 Lakhs (Rs
3,000,000). So if you have more money, assets you are liable to pay tax.
(20) Toll Tax:At some of places you need to pay tax in order to use infrastructure (road, bridge etc.) build from
your money given to government as Tax. This tax is called as toll tax. This tax amount is very
small amount but, to be paid for maintenance work and good up keeping.
The following INCOME TAX RATES ARE applicable for the Financial Year ending
March 31, 2015 (Financial Year 2014-15)-Assessment Year 2015-16):
Every year the income tax rates are changed and it is important to get the latest income tax
rates. We give below the Income Tax Rates and Slabs applicable for the FY 2014-15 or AY
2015-16.
Income Range
General
(non-senior
citizens)
Category
Nil
Nil
Nil
Nil
10% *
10% *
Nil
Nil
10% *
10% *
10% *
Nil
20%
20%
20%
20%
30% **
30% **
30% **
30%**
1. Basis points: It is the increase in interest rates in percentage terms. For instance,
if the interest rate increases by 50 basis points
(bsp), then it means that interest rate has been increase by 50%. One percentage
point is broken down into 100 basis points.
Therefore, an increase from 2% to 3% is an increase of one percentage point or
100 basis points.
2. CRR: Cash reserve Ratio (CRR) is the amount of funds that the banks have to
keep with RBI. If RBI decides to increase the
percent of this, the available amount with the banks comes down. RBI is using this
method (increase of CRR rate), to drain out
the excessive money from the banks. The current rate is 4%, which means for a
cash deposit of Rs. 100, the bank has to park 4
rupee with the central bank.
3. Repo rate: Repo rate is the policy rate and is part of RBIs Liquidity
Adjustment Facility (LAF). It is the rate at which commercial
banks borrow from the RBI by selling their securities or financial assets to the RBI
for a shortperiod of time. It comes with an
agreement that the sold securities will be repurchased by the commercial banks
from the RBI at a future date at predetermined
price. The repo rate is used by the central bank to increase liquidity in the system.
4. Reverse repo rate: Reverse Repo Rate is also a part of LAF. It is the rate of
interest at which the central bank borrows funds
from other banks for a short duration. The banks deposit their short term excess
funds with the central bank and earn interest
on it. This rate is used by the central bank to absorb liquidity from the economy.
Generally it is one percentage less than the Repo
rate.
5. Bank rate: The only way the bank rate is different from the repo rate is that the
bank rate is the rate at which banks borrow
money from the central bank without any sale of securities. It is generally for a
longer period of time
6. Marginal Standing Facility: The Reserve Bank of India in its monetary policy
for 201112 introduced the marginal standing
facility under which banks could borrow funds from RBI when there is a
considerable shortfall of liquidity. This measure has
been introduced by RBI to regulate shortterm asset liability mismatches more
effectively. Under this facility, banks can borrow
up to 1% of their net demand.
7. Liquidity Adjustment Facility: Under this facility, banks borrow from the
central bank by pledging government securities.
8. Statutory Liquidity Ratio: This is the percentage of deposits that banks must
mandatorily hold in the form of government
bonds. SLR bonds are liquid assets that can be sold at a short notice to meet any
unexpected demand from depositors.
News related to RBI:
1. RBI, has decided that Indian companies will not be permitted to
raise External Commercial Borrowings from overseas branches or
subsidiaries of Indian banks for refinance or repayment of the
Rupee loans raised from domestic banking system.
2. Raghuram Rajan, the Governor of the Reserve Bank of India (RBI)
announced that plastic currency notes will be launched in 2015
after field trials.
3. RBI panel headed by exChairman of Axis Bank, P. J. Nayak
recommend for diluting govt stake in public sector banks to below
50 %. The government should cut its holding in public sector
banks to under 50 per cent, a Reserve Bank of India (RBI) panel
report on Tuesday said, criticising the way in which the lenders
are now being governed.
4. Reserve Bank of India granted banking licences to infrastructure
financing firm IDFC and microfinance institution Bandhan
from among 25 applicants that included corporate heavyweights
ADAG Group, Aditya Birla Group and Bajaj Group.
Note: The inprinciple approval granted (to the two entities) will
17. RBI scraps 26% cap on interest rate for MFIs: (RBI) removed 26 per cent cap
on the interest rate that can be charged by a
microfinance company to its borrowers. MFI is allowed to charge interest rate
equal to 2.75 times the average of the base rates of
the top five commercial banks.
18. RBI permits 4 nonbank entities to set up white label ATMs: The Reserve
Bank has issued certificate of authorisation to four nonbank entities:
(1) Tata Communications Payment Solutions
(2) Muthoot Finance,
(3) Prizm Payment Services and
(4) Vakrangee Ltd. , to set up White Label ATMs (WLAs) in the country.
Note: Most of the ATMs belong to banks, but the cash dispensing machines which
are owned and operated by nonbanking
companies are called White Label ATMs.
19. RBI permits Srei to roll out white label ATMs: Srei Infrastructure Finance is
planning to start rollout of its while label ATMs
(WLAs) between July and September starting with a pilot of 200 TierIII towns in
Uttar Pradesh and Bihar.
20. The expert committee headed by Urjit R. Patel, Deputy Governor of the
Reserve Bank of India examine the current monetary
policy framework of the Reserve Bank of India (RBI) has suggested that the apex
bank should adopt the new CPI (consumer price
index) as the measure of the nominal anchor for policy communication. The
nominal anchor or the target for inflation should be
set at 4 per cent with a band of +/ 2 per cent around it.
21. Ex-Chairman of Axis Bank, P. J. Nayak is the head of the expert panel to
review bank boards governance. The panel will
review the RBI's regulatory guidelines on ownership of banks and representation in
their boards, among other things.
22. The Reserve Bank of India has raised the Foreign Institutional Investors, FIIs
investment limit in the Power Grid Corporation to
30 per cent of its paid up capital, under the Portfolio Investment Scheme.
23. The Reserve Bank of India (RBI) has doubled the sublimit for foreign
investment in government securities, to USD 10 billion by longterm
investors. RBI's move is aimed to attract more foreign funds. Investors
like sovereign wealth funds (SWFs), multilateral agencies, insurance
funds, pension funds and foreign central banks are considered as long
term investors.
24. RBI relaxes gold loan norms: The Reserve Bank of India has allowed
NonBanking Financial Companies, NBFCs to lend up to
75 per cent of the value of gold. It was 60 per cent earlier.
25. RBI panel (headed by banker Nachiket Mor) has suggested setting up of
specialised banks to cater to low income households
to ensure that all citizens have bank accounts by 2016.
26. The RBIappointed committee on financial inclusion has recommended that
the central bank should set up specialised
banks called Payments Bank to provide payment services and deposit products to
small businesses and lowincome households.
The committee, headed by Nachiket Mor, said that since the new bank will be
dealing with poor customers, such a bank must
be allowed to accept a maximum deposit of not more than Rs 50,000.
27. The Reserve Bank of India (RBI) had set up a panel under executive director
Deepak Mohanty to review the current system of
data collection, dissemination and data management processes in the central
bank and improve the existing mechanism.
28. RBI tightens norms for credit card holders: RBI advised banks to treat a
credit card account as a nonperforming asset if the
customer fails to pay the minimum due amount within a stipulated 90day period.
1. The Reserve Bank of India (RBI) issued draft guidelines for implementation of
Bharat Bill Payment System (BPPS),
an 'anytime anywhere' bill payment system:
The G. Padmanabhan Committee was formed by RBI to study the Feasibility of
Implementation of GIRObased
Payment Systems anticipated that around 30800 million bills amounting to more
than 600000 crore rupees are paid
each year in 20 Indian cities.
Note: i. Bharat Bill Payment System is intended for the implementation of a
unified bill payment system across the
country.
This integrated bill payment system will comprise of two entities:
i. Entity operating at Bharat Bill Payment System (BBPS) will be setting up the
standards related to payments,
clearance and settlement process
ii. Second entity would be Bharat Bill Payment Operating Units (BBPOUs). It will
be carrying out the operations in
adherence to the standards fixed by BBPS.
iii. Authorised entities such as agents, banks, service providers, payment gateways
would be the participants at the
Bharat Bill Payment System.
2. Reserve Bank of India (RBI) recently issued draft guidelines for two new
categories of bankssmall and
payments and states that these can improve financial inclusion.
Note: i. The idea of payments banks was first proposed by the Nachiket Mor
committee on financial inclusion.
ii. The minimum paidup capital requirement of both payments banks and small
banks is Rs. 100 crore. The
payments bank will have to invest in government securities with a maturity of up
to one year
in banking and
finance, companies and societies, NBFCs,
Important Points:
i.
ii. Payments banks will be used only for transaction purposes and for deposits.
Unlike small banks, payments banks
cant lend money to people.
iii. Payments Banks cannot set up subsidiaries to
undertake NBFC business.
iv. Hence, payments banks will offer only a limited range of
products such as acceptance of demand deposits and remittance
of funds.
v. Those eligible to set up a small bank include resident
individuals with 10 years of experience microfinance
institutions and local area banks.
v. Of the minimum capital, the guidelines said, the promoters'
initial minimum contribution will be at least 40 per cent, to be
locked in for a period of five years.
3. RBI tightened the Norms for asset reconstruction
companies (ARC) to improve discipline and bring about
transparency in the sale and purchase of bad loans.
Note: Now, asset reconstruction companies (ARCs) will have to
4.
5.
6.
7.
8.
9.
10. India celebrated it's ___ independence day on 15th Aug, 2014: 68th
11. Who is Gurdial singh sandhu: Economist
12. PPF investment Limit: Rs 1.5lakh
13. Kohima is the capital of: Nagaland
Who directed the silent film raja Harish Chandra: Dadasaheb Phalke
Indian foreign exchange reserves value in us dollars?
According to Census 2011 highest sex ratio for which state: Kerala
4.
Repo rate: 8%
5.
CRR 4%
6.
9.
1.
2.
3.
4.
Income tax limit other than senior citizen: Rs. 2.5 lakh
5.
6.
7.
8.
9.
1.
2.
5.
6.
7.
8.
9.
26. Who is Shashikant Sharma: Former GAG of India, appointed UN board of auditors
27. Doppler radar was used by: Indian metrological department
Note:i. The 2018 Commonwealth Games will be held in Gold Coast City,
Queensland, Australia.
6.
7.
8.
9.
10.
11.
2.
Server is used to share date with other computer due to: Network
5.
6.
A computer which connects to other computer and sends information is? Remote
Desktop
7.
8.
9.
1.
What is the fullform ECB - External commercial borrowing
2.
Who is the author of Lowland ? - Jhumpa Lahiri
3.
What are the limits for atm withdrawls free of charge ? - 5 times for same bank
(revision is going to be implemented shortly)
4.
What is the capital of Ehiopia ? - Addis Ababa
5.
World population day is on? 11 July
6.
Plastic money refers to - Debit card
7.
Budget for skill development - Rs 100 crore allocated for a start-up
programme for rural youth
8.
Yuan is the currency of? - China
9.
Playing to win is autobiography of ? - Saina Nehwal
10.
2016 uber and thomas cup will be held In - Kunshan, China
11.
Who is the current Food processing minister - Harsimreet kaur badal
12.
Who is Mario goteze ? - German Footballer
13.
The accidental prime minister book was written by- Sanjaya Baru
14.
What is the BRICS development bank Base Capital? - 100 billion $
15.
What is the full form of KVP : Kisan Vikas Patra
16.
Ramoji film city is located in ? - Hyderabad
17.
Credit rating in India is done by which body ? - CIBIL, CARE and ICRA
18.
Commodity exchange Regulate By? - MCX
19.
An institutions which is related to agriculture banking - NABARD
What is the name of Maharashtra new tiger resrve - Bon tiger reserve
how much money we need to submit for lodgeing complain to ombudsman - No fees
Which body acts as insurance regulator - IRDA
Chandi prasad bhat won Gandhi peace prize for his contribution in which area? - Chipko
Movement
Which country manufactured VELOX-1 ? - Singapore
What is the Capital of Cyprus ? - Nicosia
What is the full form of CPU ? - Central Processing Unit
Processor speed measured by ? - Hertz
GK Questions
1.
2.
3.
4.
5.
6.
7.
8.
9.
GK & Computer Questions Asked in SBI CLERK 2014 Exam 19th July (Evening Shift)
GK Questions
1.
2.
3.
4.
5.
GK & Computer Questions Asked in SBI CLERK 2014 Exam 19th July (Evening Shift)
GK & Computer Questions:
1. Recipient of 49th Jananpeeth Award - Kedar Nath Singh
2. Who control the Monetry policy-RBI
3. Amul related to what ? - white revolution
4. FIBA is related with Which sport ?- Basketball
5. Recently in which state Solar thermal power plant installed - Rajasthan
6. which card is issued by NPCI?-RuPay Card
7. which south east organisation has 10 members?-ASEAN
8. ARMY FLAG DAY- 7 December
9. In shop transaction is done by which machine: POS
10. Water resource minister - Uma Bharti
11. Who was recently honoured with the Dadasaheb Phalke Academy Award for
Best Singer (Female): Sunidhi Chauhan
12. Which award is given to Leander Paes, Ruskin bond- Padma Bhushan award
13. definition of Current account deficit: value of goods and services it imports
exceeds the value of goods and services it exports.
14. Vijay hazare trophy is related to which sport? CRICKET
15. Night blindness is due to deficiency of which disease- Vitamin A
16. full form of NVRAM- Non Volatile Random Acess Memory
17. Which of the following activities is not done by RBI?- trading in commodities
18. Question related to Core Banking Solutions
19. Which of the following is not a bank bank? - IRDA
20. Which of the following is an operating system ?-WINDOWS 2003
21. Input device-Light pen
22. Operating system is: system software
23. Which of the following is related to Email: attachment
24. Intangible asset
25. Fifa world cup-what kind of marketing-event
26. Malaysia, truly Asia-what kind of marketing
27. Currency of Kuwait-Kuwaiti Dinar
28. Capital of Bhutan-Thimphu
29. Recently Hindustan Motor car plant shut down: Uttarpara plant in West Bengal
30. Book my journey transforming into dreams: Former President APJ Abdul
Kalam
31. Highest rural population state as per Census 2011 - Uttar Pradesh
32. Reliance company lady head name- Neeta Ambani
33. Recently banking license issued company name- IDFC
34. Full form CAG-Comptroller and Auditor General
35. which of the following is not an indirect tax- 10% surcharge on income
1. From July 1st RBI instructed about ATM of - talking ATMs with Braille keypad
2. IPL-7 final held in Bangalore
3.New bank license period -18months
4. Environmental award given to Ramesh Agarwal for: For fight against coal mining
5. New bank licenses paid up capital-500cr
6. New Loksaba Speaker- Sumithra Mahajan
7. One questions on retail banking?
8. To do incurred banks should maintain ____% NPA?
9. Expand ECB- External commercial borrowings
10. In how many phase Loksaba elections were held: 9 phases
11. Asian games after which country withdrawal India ready to conduct? Vietnam
12. India post launched cash withdrawal scheme name?
13. FCNR, NRI accounts can maintain with: Term Deposits with 1 year and maximum
term of 5 years.
Some Computer Questions
1. 1terabyte is equal to: 1024 GB
2. On mouse 2 question?
3. Multiple users using simultaneously for which type?
4. Brain of computer: CPU
12. The drawee of a cheque is ? DRAWEE is the bank which is assigned to pay
the PAYEE
13. Who is the watchdog of indian market? SEBI
14. What is the full form of CRAR? Capital to risk assets ratio
15. What is the Award associated with indian cinema field ? Dada Saheb Phalke
award(among options)
16. What is the full form of DICGC? Deposit Insurance and Credit Guarantee
Corporation
17. 1 may is foundation day of which state? Maharashtra and Gujrat
18. Dilwara temple is located in which state? Rajasthan
19. What is the full form of REIT ? Real Estate Investment Trust
20. Which firm got recently banking license ? IDFC & Bandhan
21. Who were the founder of World wide Web ? - Robert Cailliau & Tim BernersLee
22. Apex board for controlling agriculture and rural development NABARD
23. Who was the first governor of RBI ? Sir Osborne Smith
24. Where is the Permanent secretariat of SAARC? Kathmandu
25. Who is Lalgudi Jayaram ? Indian Carnatic violinist, vocalist and composer
26. Which company raised 1bn $ recently in fresh funding ? Flipkart
27. commercial paper can be issued by company having minimum net worth? not
less than 4 cr
28. Origin of the concept of Microfinance was in which country ? Bangladesh
29. Which can be said as Buy now, pay now card ? Debit Card
30. The 21st CommonWealth Games will be held in Queensland, Australia
31. The CAR is related to ? Risk weighted Assets
32. Asset reconstruction companies related with Non Performing Assets (NPAs)
33. What is the full form of SFIO ? - Serious Fraud Investigation Office
34. What is the full form of MSF ? - marginal standing facility
35. What is the full form of MIMD ? Multiple instruction Multiple Data
36. What is the full form of PIN ? - Personal Identification Number
37. A question each on Open market operation , mortgage and FCNR bonds
30. Aajeevika " scheme" is also known as - National Rural Livelihoods Mission
(NRLM)
IBPS PO
INTERVIEW PREP
RESULTS
SAMPLE PAPERS
SHORTCUTS
SSC
14. what we call -------(some story telling) in A.P and Telangana - Hari Katha
15. Head of Governance of Boards of Banks in India - PJ Nayak
16. Commercial Paper (CP) is issued in the form of - promissory note.
17. Union cabinet approved Ken-Betwa river link which will benefit which two states - UP &
MP
18. Who got fields medal by International Mathematical Union's (IMU) - Manjul
Bhargava
19. Minister of Consumer Affairs, food & PD? Ramvilas Paswan
20. How much capital to be infused in banks to meet Basel-III norms by 2018 as per union
budget Rs 2.40 lakh crore
21. Capital of Australia? Canberra
22. Which insurance company will insure under Varishtha Pension Bima Yojana LIC
23. Nimmo Bazgo hydropower project in which district of J&K- Leh
24. Which country will host 7th IBSA summit India
25. RBI asked banks not to impose penalties on accounts not maintaining minimum
balance on which of the following accounts? any inoperative account
26. Which model of first ever Smartphone was launched in 1994?
27. Max money that can remitted to Nepal from any of the NEFT-enabled branches in India
50,000
28. BKS Iyengar who passed away recently was a renowned - Yoga teacher
29. DICGC does not cover insurance for which account?
30. Funds for Deendayal Upadhya Gram Jyoti Yojana - 500 cr
31. Currency of Netherlands Euro
32. Human Rights day - Dec 10
33. Largest indigenously built warship - INS kamorta
34. RBI license given to which micro-finance company - Bandhan
57. RBI panel head who recommend CPI formula - Urjit Patel Committee
58. CTBT - Comprehensive nuclear test ban treaty
59. Chandraprabha wildlife sanctuary state- U.P. Varanasi
60. FII is regulated by- SEBI
61. 1200 megawatt Lanco power plant in Udupai established by which company- Adani
group
62. According to railway minister in rail budget how many people travel daily by train- 23
million
63. JUAL ORAM Ministry of Tribal Affairs come from which constituency- Sundarghar,
Odisha
64. First Skill Development Centre Jaipur, RaJESTHAN
11. Name of transaction in which we doesnt swipe card, but use details of card Online
transaction
12. Which agency set standards for individual customers and SME: BCSBI
13. Red cross day - 8th May
14. Rath Yatra in which state Odisha
15. Sunidhi chauhan got dada saheb phalke award for which song - 'Kamli' from 'Dhoom
3'
16. IIEST full form - Indian Institutes of Engineering Science and Technology
17. How many judges are there to select a judge of supreme court?
18. Ragala venkat Rahul is which player Weightlifter
19. Which film directed by Richard Attenbourgh and got Academy Award: Gandhi
20. PAC chairman KV Thomas
21. Kruger National Park South Africa
22. Indias first Indigenous anti submarine Kamorta
23. Drug for ebola virus - ZMapp
GK Questions - IBPS RRB Officer Scale - I (13th Sept 2014 Evening Shift)
General Awareness Questions
1. Who is Women and Child development minister - Menaka Gandhi
2.
3.
4.
5.
6.
9.
10.
11.
12.
13. According to railway minister in rail budget how many people travel daily by train- 23
million
14. INS kolkata is developed by?
15. To which telecom company reliance is linked up?
2.
In shooting 10m Air Rifle gold medal won by: Abhinav Bindra
3.
4.
5.
6.
7.
8.
9.
18. Padma awards are announced on the eve of: Republic Day
19. Jack Kallis who retired from cricket belongs to which country: South Africa
20. Indian Prime Minister visited Nepal for how many times?
21. Control authority of e-riksha: State Govt (Delhi)
22. Apinder Singh won bronze medal in which game: Triple Jump
23. Hampi monuments on which river bank: Tungabadra river
24. Pritzer prize is related to which field: Architect
25. John Kerry is: US Secretary of State
26. Pale related to which game: Football
27. ICAR full form: Indian Council of Agricultural & Research
28. Manchester United is related to which game: Football
29. 3rd test India v/s England held in which stadium: The Rose Bowl Stadium
30. Germany currency- Euro
31. Iron Chanu Sharmila belongs to which state Manipur
32. Which state of Highest percentage of Literate- Kerala
33. Ozone day was observed on- September 16th
34. Amount for new smart city in budget -7060 crores
35. Romancing with life is the autobiography of which actor- Dev Anand
36. Chhau the folk dance of which state Orissa
37. What is the minimum pension - Rs. 1000
38. Financial inclusion scheme- Jan Dhan Yojana
39. Railway total employee- 13.1 lakh
40. Which prize is not given to any player this year- Rajiv Gandhi Khel Ratna Puraskar
41. Sushil kumar , bajarang related to sport- Wrestling
42. Rashtriya Khel Protsahan Puraskaar- Hanuman Akhara
39. Union Cabinet approved the Juvenile Justice Bill, 2014, age limit for juvenile to be
carried in court for heinous crime is - The bill will treat minors above the age of 16 as
adults, who are accused of heinous crimes like rape and murder.
40. HUCK term related to which game- Ultimate Frisbee
Note: HUCK : A long pass; often nearly the full length of the pitch and high to a tall
player in the endzone.
Ultimate Frisbee is played between two teams of seven players on a large rectangular
pitch.
A line drawn across the pitch at either end creates two "endzones" (like in American
Football). These are the goal-scoring areas. A goal is scored when a team completes a
pass to a player standing (or more likely running) in the endzone they are attacking.
GA Questions Asked in RBI Assistant Exam - 23-Sept2014 (Evening Shift)General Awareness Questions
1. Oscar 2014 Best supporting actress - Lupita Nyong'o
2. Best actress in film fare awards 2014 - Deepika Padukone
3. Law and justice minister Ravi Shankar Prasad
4. Water resources minister Uma Bharti
5. Defence minister: - Arun Jaitley
6. Kuchhipudi dance form which state - Andhra Pradesh
7. Currency of Iran?
10. Novak Djokavik defeated whom in Wimbledon Championship final: Roger Federer
11. Five IIM to be opened in which one of the following state -4 state given and asked
for the 5th "Odisha"
12. FDI raised in Defence 26% to -49%
13. FRBM full form - Fiscal Responsibility and. Budget Management
14. Mohiniattam dance which state - Kerala
15. Windhoek is capital of- Namibia
16. Pakistan mudra is Rupee
17. Oscar for best director Alfonso Cuaron
18. Best actor film fare award for Farhan Akhtar
19. Begam Praveen got Padma Bhushan for which category-singer
20. RBI report on GDP growth 2014 14 15 August- 5.5%
21. ARC Full Form Asset Reconstruction Company
22. UFCE Full Form - Unhedged Foreign Currency Exposure-Clarifications
23. Law and Justice Minister Ravi Shankar prasad
24. Finance ministry ordered _____ audit of 2 bank? Forensic
25. Loss incurred for railway per passenger in paise - 23p
26. Rural Minister Nitin Gadkari
27. Jammu udampur srinagar ___ railway link? Baramulla
28. Palace of winds is situated in ___ Jaipur
MARKETING
There are some important glossary terms used by marketers, usually at the
management level, when preparing marketing plans and pitching for business.
Some of these are explained here..
Copyright: The exclusive right, granted by law for a certain term of years,
to make and dispose of copies of, and otherwise to control, a literary, musical,
dramatic, or artistic work.
Critical Path: Plots the events that need to occur to complete a project on a
timeline.
CRM: Customer Relationship Marketing. Building loyalty through your
relationship with a customer.
Database: A large volume of information stored in a computer and
organised in categories to facilitate retrieval.
Direct Mail: Mailing brochures, letters, questionnaires etc. directly to the target
market.
Direct Marketing: Marketing to the customer without the use of an intermediary.
Types of Direct marketing:
There are many types of direct marketing, only some important types are listed
below and these are the most form of direct marketing.
i)Direct Mail Marketing: Advertising material sent directly to home and business
addresses. This is the most common form of direct marketing.
ii)Telemarketing: It is the second most common form of direct marketing, in which
marketers contact consumers by phone.
ii)Email Marketing: This type of marketing targets customers through their email
accounts
Display Ad: An advertisement which is usually designed by the advertiser and
displayed in a box.
Direct Response: In advertising. Advertising designed to trigger a behavioural
response in target audiences, e.g. placing mail back coupons in the ad, asking
people to bring in or mention an ad, setting up a phone number and asking
individuals to call for further information etc.
Digital Marketing: Digital Marketing is the practice of promoting products and
services using all forms of digital advertising. It includes Television, Radio,
Internet, mobile and any other form of digital media.
Distress Rates: Cheaper rates for advertising at short notice, i.e. When
newspapers have spaces to fill shortly before their deadlines.
Distribution: To place promotional material, e.g. fliers or posters, throughout
areas where they will be picked up.
Drip Marketing: Method of sending promotional items to clients is called Drip
marketing.
Dumping: If a company exports a product at a price (export price) lower than the
price it normally charges on its own home market (normal value), it is said to be
'dumping' the product. Dumping can harm the domestic industry by reducing its
sales volume and market shares, as well as its sales prices. This in turn can
result in decline in profitability, job losses and, in the worst case, in the
domestic industry going out of business. Often, dumping is mistaken and
simplified to mean cheap or low priced imports. However, it is a
misunderstanding of the term. On the other hand, dumping, in its legal sense,
means export of goods by a country to another country at a price lower than its
normal value. Thus, dumping implies low priced imports only in the relative sense
(relative to the normal value), and not in absolute sense.
Freepost: Used to encourage a response by mail. The sender does not pay to return
an item by post e.g. a questionnaire.
Guerilla Marketing: Unconventional marketing intended to get maximum results
from minimal resources is nothing but Guerilla Marketing.
JIT: Just-in-time (JIT) is an inventory strategy implemented to improve the return
on investment of a business by reducing in-process inventory and its associated
carrying costs. In order to achieve JIT the process must have signals of what is
going on elsewhere within the process.
Incentive: Something of financial or symbolic value added to an offer to
encourage some overt behavioural response.
Indirect Marketing: Indirect Marketing is the distribution of a particular product
through a channel that includes one or more resellers.
Difference b/w Direct and Indirect Marketing:
In the same way you might advertise for someone else is called Indirect
marketing, is an increasingly popular way of doing business
Internet Marketing: Internet marketing is the marketing of products or services
over the Internet.
Internet Marketing is also known as i-marketing, web-marketing, onlinemarketing, Search Engine Marketing (SEM) or e-Marketing
Key Selling Points: The components of a program or event that will appeal to the
greatest number of people.
Loyalty Programs: A component of relationship marketing. Programs designed to
increase the strength of a consumer's preference for a particular entity. The most
common form of loyalty program in the arts is subscription or membership
programs.
Marketing: The process of planning and executing the conception, pricing,
promotion, and distribution of ideas, goods, services, and people to create
exchanges that will satisfy individual and organizational goals.
Marketing Mix: The blend of product, place, promotion, and pricing
strategies designed to produce satisfying exchanges with a target market.
2) Market share
3) cash flow
4) All the above
5) None of the above
Q7. In the English auction system, there is one seller and many buyers. Many
times the seller_____.
1) Sets floor or minimum price
2) sets ceiling or maximum price
3) Gives discount if buyers form a group
4) All the above
5) None of the above
Q8. Mark-up pricing is a pricing ___ while as Geographic pricing is a
pricing____ :
1) Method, Strategy
2) Strategy, method
3) Process, Policy
4) Policy, Process
5) None of these
Q9. Concentrated marketing is a strategy opted for:
1) Market segmentation
2) Market Research
3) Marketing Mix
4) None of these
5) All the above
Q10. SBU means:
1) Strategic Business Uses
2) Strategic Business Unit
3) Strategic Business Utility
4) None of these
5) All the above
Answers:
1. 2
2. 1
3. 1
4. 1
5. 2
6. 4
7. 1
8. 1
9. 1
10. 2
SBI PO: Marketing Quiz
Q.1. Warehouse Management does not include (1) Space determination
(2) Stock layout
(3) Stock design
(4) Stock placement
(5) Order picking procedure
Q.11.(5)
Q.2.(2)
Q.12.(1)
Q.3.(4)
Q.13.(1)
Q.4.(1)
Q.14.(1)
Q.5.(3)
Q.15.(4)
Q.6.(5)
Q.16.(2)
Q.7.(1)
Q.18.(2)
Q.8.(2)
Q.17.(3)
Q.9.(4)
Q.10.(4)
Q.19.(4)
Q.20.(1)
Q.1. For effective marketing the salesmen should have which of these qualities(1) Creativity
(2) Team spirit
(3) Motivation
(2) By-product
(3) Promotional
(4) Market penetration
(5) All of these
Answers:
Q.1.(5)
Q.2.(5)
Q.11.(4)
Q.12.(2)
Q.3.(3)
Q.13.(2)
Q.4.(5)
Q.5.(1)
Q.6.(3)
Q.7.(5)
Q.8.(2)
Q.9.(2)
Q.10.(4)
Q.14.(3)
Q.15.(4)
Q.16.(4)
Q.17.(1)
Q.18.(2)
Q.19.(3)
Q.20.(3)
Q.2. The act of obtaining a desired object from some one by offering some in
return is called as a(1) Transaction
(2) Exchange
(3) Relationship
(4) Value
(2) Penetration
(3) Discriminatory pricing
(4) None of these
(5) All of the above
Q.8. In market skimming pricing strategy----(1) Initially price is lower then it is reduced
(2) Initially price is higher then it is reduced
(3) Initial price is high and is maintained high
(4) None of these
(5) All of these
Q.9. Bank of Mathura is offering higher interest-ratio on fixed deposit to senior
citizens of 60 years and above- It is practicing(1) Promotional pricing
(2) Psychological pricing
(3) Segmental pricing
(4) Product mix pricing
(5) All of these
Q.10. With---- pricing, the products are priced below list price (or even cost) for a
temporary period to create buying urgency(1) Reference
(2) By-product
(3) Promotional
(4) Market penetration
(5) All of these
Answers:
Q.1.(4)
Q.2.(2)
Q.3.(2)
Q.4.(3)
Q.5.(4)
Q.6.(4)
Q.7.(1)
Q.8.(2)
Q.9.(3)
Q.10.(3)
(1) Individuals
(2) Institutions
(3) Builders
(4) all of these
(5) None of these
Q.9 ATMs are(1) Branches of Banks
(2) Manned counters of Banks
(3) Unmanned cash dispensers
(4) All of these
(5) None of these
Q.10 Relationship selling means(1) Preparing a list of relatives
(2) Cross selling
(3) Selling to relatives
(4) Selling to strangers
(5) Telemarketing
Q.11 Proper pricing is needed for(1) Extra charges of extra services
(2) Levy of VAT
(3) Good customer services
(4) Putting burden on the customers
(5) Depositing money in bank.
Q.12 The abbreviation ISP stands for(1) International Spy Project
(2) Indian Social Planning
(3) Initial Service Provider
(4) Internet Service Provider
(5) None of these
ANSWERS:
1. (2) 11. (3)
2. (2) 12. (4)
3. (4) 13. (3)
4. (1) 14. (2)
5. (2) 15. (5)
6. (3) 16. (5)
7. (4) 17. (3)
8. (1) 18. (1)
9. (3) 19. (3)
10. (2) 20. (5)
Q1. Regulation that arise to ensure that firm takes responsibility for the social costs
of their products or production processes stem from which reason for government
legislation of business(1) To protect companies from each other.
(2) To protect companies from unfair business practices.
(3) To protect the interests of the society.
(4) To businesses from unfair consumer demands.
(5) All of these
Q2. The last stage in selling process(1) approach
(2) handling objections
(3) closing
(4) follow up
(5) All of these
Q3. The Major advantage of survey research is its(1) Simplicity
(2) Structure
(3) Organization
(4) flexibility
(5) All of these
Q4. A ----- is any activity or benefit offered for sale that is essentially intangible
and does not result in the ownership of anything.
(1) Demand
(2) Basic staple
(3) Product
(4) Service
(5) All of these
Q5. ------- is a person's distinguishing psychological characteristics that-lead to
relatively consistent and lasting responses his or her own environment(1) Psychographics
(2) Personality
(3) Demographics
(4) lifestyle.
(5) All of these
Q6. The plan in the business buying behaviour model where interpersonal and
individual influence might interact is called the(1) Environment
(2) Response
(3) Stimuli
(4) Buying center
(5) All of these
Q7. The course of a product's sale and profit over its lifetime is called(1) The sales chart
(2) The dynamic growth curve.
(3) The adoption process
(4) The product life cycle.
(5) All of these
Q8. All of the following are thought to be sources of new product ideas Except(1) Internal Sources
(2) Customers
(3) Competitors
(4) Local library
(5) All of these
Q9. If Honda uses its company name to cover such different products as its
automobiles lawn mowers and motorcycles, it is practicing which of the following(1) New brand strategy
(2) Live extension strategy
(3) Multi-brand strategy
(4) Brand extension strategy
(5) All of these
Q10. If a company (considering its options on the product/market expansion grid)
chooses to move in to different unrelated fields (from what it has ever done before)
with new products as a means to stimulate growth, the company would be
following which of the following general strategies.
(1) Market-Penetration
(2) Market development
(3) Product development
(4) Diversification
(5) All of these
Q11. When the market research organization chooses a segment of the population
that represents the population as a whole, they have chosen a(1) Group
(2) Bi-variant-population
(3) Sample
(4) Market Target
(5) None of these
Q12. Joining with foreign companies to produce or market product and service is
called(1) Direct exporting
(2) Indirect exporting
(3) Licensing
(4) Joint-Venturing
(5) None of these
Q13. A --- is a name, term, sign, symbol or design or a combination of these that
identified the market or seller of a product or service(1) Product feature
(2) Sponsorship
(3) Brand
(4) Logo
(5) None of these
Q14. The study of human population in terms of size, density, age, gender, race,
occupation and other statistics is called
(1) Geothermy
(2) Demography
(3) Ethnography
(4) Geography
(5) None of these
Q15. The process that turns marketing strategies and plans in to marketing action
in order to accomplish strategic marketing objective is called(1) Marketing strategy
(2) Marketing Control
(3) Marketing analysis
(4) Marketing implementation
(5) None of these
Q16. If your company were to make a product-such as suit of clothes and sell that
product your company will come under which sector ?
(1) Retailer
(2) Business
(3) Government
(4) Service
(5) None of these
Q17. Cost that do not vary with production or sales level are called(1) fixed costs
(2) Variable cost
(3) Standard costs
(4) Independent-costs
(5) None of these
Q18. Consumer Information source(1) Personal source and commercial source
(2) Public source
(3) experiential source
(4) all of the above
(5) None of these
11. (3)
12. (4)
13. (3)
14. (2)
15. (4)
16. (2)
17. (1)
18. (4)
19. (3)
20. (4)
11. d
12. a
13. b
14. c
15. a
16. a
17. a
18. a
19. e
20. A
21. a
22. a
23. a
24. a
25. a
instituted in NABARD
l TRIPS agreement is associated with Intellectual property
rights
l The investment envisaged in the annual plan in the Interim
Rail Budget for 2014-15 `64,305 cr
l The place in Andhra Pradesh chosen for one of two new
govt-controlled ports in the country Dugarajapatnam
l The first rail system in the world to be awarded the Gold
Standard foundation for energy efficiency Delhi Metro
l The youngest athlete (15 years old) to win Gold at Sochi
Winter Olympics Yulia Lipnitskaya
l The chairman of the Supreme Court-appointed committee
which submitted its report on betting and fixing in the sixth
edition of the Indian Premier League (IPL) Mukul Mudgal
l Indias indigenous intermediate jet trainer (IJT) aircraft
whose development is in advanced stages of certification
Sitara
l The South Korean city which will host the 2018 Winter
Olympics Pyeongchang
l The first state in the country to achieve 100 per cent
sanitation in rural and urban households, schools, sanitary
complexes and Aanganwadi centres Sikkim
l The newly elected Prime Minister of Nepal Sushil
Koirala
l The country which was in news, recently, regarding its alleged
role in operation Blue Star UK
l The Gross Domestic Product (GDP) growth pegged by
CSO in its estimates for 2013-14 4.9 per cent
l The denomination in which the Reserve Bank of India (RBI)
is gearing up to introduce about one billion plastic notes on
a trial basis `10
l The aggregate foreign investment (FDI, FII and NRI) limit
for public sector banks (PSBs) 20 per cent
l The new president of the Indian Olympic Association (IOA)
N Ramachandran
l The winner of the mens singles title of the 2014 Syed Modi
International India Grand Prix Gold badminton tournament
Xue Song
l The financial institution which has announced recently to
instal 3000 ATMs and 1.35 lakh micro-ATMs by Sep 2015
India Post
Match Point
K KUNDAN APRIL 2014
l The CMD of Union Bank of India who resigned recently in
the wake of a surge in bad loans at the bank Archana
Bhargava
l The state which became the first state in the country to
launch the NUHM Uttar Pradesh
l The social media giant who acquired mobile messaging
company WhatsApp Facebook
l The new chairman of prestigious Indian Institute of
Management Bangalore (IIMB) Kiran Mazumdar Shaw
l The two states to be brought within the railway network
this fiscal Meghalaya and Arunachal Pradesh
l The amount of fund proposed for the National Skill
Development Corporation (NSDC) in the Interim Union
Budget for 2014-15 `1000 cr
l The country which ordered the immediate recall of its
Ambassador in India, Daniele Mancini Italy
l Bahrains crown king who visited India recently on a threeday
official visit Hamad bin Isa Al Khalifa
l The shot putter who gave the lone gold to India in the 6th
Asian Indoor Athletics Championships event held at
Hangzhou (China) recently Om Prakash Singh Karhana
l The cellular operator which has acquired Mumbai based
Loop Mobile for about `700 cr recently Bharti Airtel
l The first country in the world to allow euthanasia for
terminally ill children recently Belgium
l Indias first dedicated military satellite GSAT-7
l The Prime Minister of Italy who resigned recently Enrico
Letta
l The country which ranked at the bottom in the Global Gender
Gap Report 2013 Yemen
l The total amount of bids received by the govt after auction
of the spectrum recently `61,000 cr
l The chairman of the six-member committee set up by the
Govt to suggest remedial measures to address concerns of
people from the Northeast MP Bezbaruah
l The author of the controversial book titled The Hindus: An
Alternative History, which Penguin announced to withdraw
recently Wendy Doniger
l Indias ranking in the 2014 World Press Freedom Index
140th
l World Radio Day 13 Feb
l The team which won the Irani Trophy 2013-14
Karnataka
l The community notified by the govt as national minority
recently Jain
l The team which won the Federation Cup football tournament
recently Churchill Brothers
l The winner of the mens single title of the 2014 Australia
Open Stanislas Wawrinka
l The country where Laimdota Straujuma became the first
woman Prime Minister Latvia
l The India-born engineer-scientist who has been awarded
the 2014 Marconi Prize AJ Paulraj
l The new chief of the Hyderabad-based National Police
Academy Aruna Bahuguna
l The Managing Director of Tata Motors who died in Bangkok
recently Karl Slym
l The National Girl Child Day 24 Jan
l The Indian-origin academician who has been appointed dean
of the prestigious Harvard College recently Rakesh
Khurana
l The RBI has decided to withdraw from circulation all
l The RBI has capped the Ways and Means Advances (WMA)
limit for the central govt in the first half of the new financial
year 2015 at `35,000 cr
l The number of products an insurer can file for approval as
per new Irda product planner rule Five
l The field in which the highest number of factories has been
observed in the Annual Survey of Industries (ASI) 2010-11
Food products
l The country which decided to shut infamous Abu Ghraib
prison over security fears recently Iraq
l The India-born poet who won the prestigious 2014 Pulitzer
Prize in the poetry category Vijay Seshadri
l The per cent of branches new banks need to open in unbanked
rural areas as per the RBI norms 25 per cent
l The new Prime Minister of France Manuel Valls
l The new Chief Justice of India Justice RM Lodha
l The author of the book titled Crusader or Conspirator?
Coalgate and other Truths PC Parakh
l The PSB which has sold `3,500 cr of its NPAs to ARCs
recently State Bank of India
l The book for which Donna Tartt has won fiction Pulitzer
2014 Goldfinch
l The first woman Chief Justice of the Delhi High Court
appointed recently Justice G Rohini
l The person who has been conferred Dadasaheb Phalke
Award for the year 2013 Gulzar
l The country which leads global remittances in the year 2013
with a whopping $70 bn in its kitty India
l The most powerful nation in world market according to
the world market power index China
l The author of the recently published book titled The
Accidental Prime Minister: The Making and Unmaking of
Manmohan Singh Sanjaya Baru
l Dr BR Ambedkars birth anniversary declared a public
holiday 14 Apr
137th
l The space agency from which Afghanistan has leased its
first-ever satellite AFGHANSAT 1 Eutelsat, EU
l The city declared the most polluted city in the 2014 version
of the Ambient Air Pollution (AAP) by the WHO Delhi
l Number of Parliamentary and Assembly seats respectively
in the new state of Telangana 17 and 119
l The country where Boko Haram militants abducted more
than 200 schoolgirls recently Nigeria
l The newly elected President of South Africa Jacob Zuma
l The province of Afghanistan where a devastating landslide
buried a village recently Badakhshan
l The state where the High Court cancelled the appointment
of 10,323 teachers recently Tripura
l Indias own payment gateway launched recently RuPay
l The firm which leads the list of 54 Indian firms in the recently
released Forbes Global 2000 list Reliance Industries
l The embattled premier of Thailand dismissed from the office
by a court recently Yingluck Shinawatra
l The new airline granted the flying licence by aviation
regulator DGCA recently AirAsia India
l The flying test bed (FTB) aircraft developed by HAL and
handed over to DRDO recently Nabhratna
Match Point
l A new purple mineral with a unique makeup discovered
from a remote part of Australia recently Putnisite
l The winner of the 2014 Indonesian Masters golf tournament
Anirban Lahiri
l The country which has set up a Special Police Force to
handle religious disputes Sri Lanka
l The new President and CEO of Nokia Rajeev Suri
l The country that successfully test-fired a short-range
ballistic missile Hatf-III (Ghaznavi) recently Pakistan
l The Outstanding Asian Mens Player of the Year 2013
Nigeria
l The chairman of the RBI panel on credit information which
submitted its report recently Aditya Puri
l The newly elected President of Rajasthan Cricket
Association Lalit Modi
l The new name of the ING Vysya Life Insurance Company
Limited Exide Life Insurance
l The new President of Panama Juan Carlos Varela
l The annual exercise conducted between the US and the
Philippines Balikatan
l World Press Freedom Day 3 May
l The winners of the WTA Portugal Open 2014 womens
doubles title Sania Mirza and Cara Black
l Indias first indigenously developed Beyond Visual Range
missile Astra
l The state where a major field exercise by the Army,
codenamed Sarvada Vijay, was conducted recently
Rajasthan
l The film which won the Best Picture Award at the IIFA
Award 2014 Bhaag Milkha Bhaag
l The surface-to-air missile successfully test-fired by India
recently Akash
l The country where a recent massive landslide claimed
hundreds of lives Afghanistan
l The country to which the former Chief of the Air Staff
NAK Browne has been appointed Indias Ambassador
UK
l The internet browser whose vulnerability is referred by
Operation Clandestine Fox Internet Explorer (IE)
l International Jazz Day 30 Apr
l The new CEO of Ford Motors Mark Fields
l The chairman of the SIT appointed by the SC to probe
black money MB Shah
l The new Deputy Chief of the Air Staff SBP Sinha
l The winner of the prestigious Goldman Environment Prize
`1.8 lakh cr ($30 bn) across businesses over the next three
years to break into the Fortune 50 club RIL
l India's ranking in the latest annual ranking of the Global
Peace Index 143rd
l The defending champion of the FIFA World Cup which
made a shock early exit from the 2014 World Cup Spain
l The Governor of Chhattisgarh who resigned recently
Shekhar Dutt
l The Governor of UP who resigned recently BL Joshi
l The vice-chairman of the National Disaster Management
Authority who resigned recently M Shashidhar Reddy
l The region which is projected to get hotter by 4C by 2080
as per a new research Indus basin
l The leading online retailer which has launched a new 3D
phone 'Fire' recently Amazon
l The winner of the FIDE World Rapid Chess Championship
title Magnus Carlsen
l The power plant that has become the single-largest-power
generating unit in the country Kudankulam
l The percentage of public shareholding made mandatory by
the Sebi for all listed PSUs within three years 25 per cent
l The new King of Spain Felipe VI
l The plant scientist who won the USD 250,000 World Food
Prize Sanjaya Rajaram
l The state which has passed a law to ban dance bars across
the state recently Maharashtra
l The state where NTPC's Lata Tapovan power project is to
come up Uttarakhand
l The new elected President of Colombia Juan Manuel
Santos
l The country that held the top position in the medal tally in
the Asian Junior Athletics Championships China
l The country against whom GMR Infrastructure has won
the arbitration proceedings recently Maldives
l The chairman of the Tax Administrative Reforms
Match Point
( SEPTEMBER )
l The World Bank president who visited New Delh on a threeday
visit recently Jim Yong Kim
l Indias position in the recent FIFA world rankings 151st
l The three nations that participated in the annual naval
engagement, Malabar exercise India, US, Japan
l The winner of the 2014 German Grand Prix Nico Rosberg
l The most urbanised state of the country (62.17% as urban
population) Goa
l Indias most prosperous state as per C Rangarajan panel
report Goa
l The country which topped the Global Innovation Index
(GII) 2014 Switzerland
Indias ranking 76th
l The first country to legalise children as young as ten to
work Bolivia
l The naval exercise conducted between India and Russia
recently INDRA 2014
l The military operation being conducted by Israel against
Match Point
( OCTOBER )
l The head of the proposed National Judicial Appointments
Commission The Chief Justice of India
l The number of members of the National Judicial
Appointments Commission Six
l The Indian-origin academician who won Fields Medal, the
Nobel Prize of Mathematics Manjul Bhargava
l The present Chairman of TRAI Rahul Khullar
l No. of tickets per minute supported by the new nextgeneration
e-ticketing system of the Indian Railways 7200
l The revised borrowing target of the Govt for Apr-Sep
`3.52 lakh cr
l The administrator of the re-launched Varishtha Pension Bima
Yojana LIC of India
l The Ashok Chakra awardee (posthumously) on the occasion
of Independence Day Major Mukund Varadarajan
l The state where the PM urged to bring a saffron revolution
recently Jammu & Kashmir
l The first Indian to reach semifinals of World Junior Squash
in Namibia recently Kush Kumar
l The state which has announced 33 per cent reservation for
women in its police forces Gujarat
l The state which celebrated Kanyashree Divas on 14 Aug
West Bengal
l The country which will attempt to insert its spacecraft into
the Martian orbit on Sep 24 India
l The most favoured destination of foreign tourists among
the north-eastern states Sikkim
l The target set for ASEAN-India trade by 2015 USD 100 bn
l The year in which India and ASEAN signed the Trade in
Goods Agreement 2009
Erdogan
l The electronics firm recently excluded by China from official
purchases Apple
l The new Chair of the ASEAN group Myanmar
l The disease whose outbreak has been declared an international
public health emergency by WHO recently Ebola
l The recently raised clean energy cess on coal `100 per
tonne
l The state with no Regional Rural Bank (RRB) Goa
l Mr India who is representing India at the 48th Asian
Bodybuilding Championship in Macau, China Miihier
Singh
l The team defeated by the Indian mens hockey team in the
recent three-match test series Bangladesh
l The growth rate of Indian economy as estimated by the
UNESCAP 5.5 per cent
l The country which has launched construction of a new Suez
Canal Egypt
l The veteran Marathi actress who died recently Smita
Talwalkar
l The erstwhile Mizoram governor sacked by the Centre
Kamla Beniwal
l The city where the two-day 18th BASIC Ministerial
Meeting was held recently New Delhi
l The country which will supply Apache attack and Chinook
heavy-lift helicopters to India US
l The current Bank Rate 9 per cent
l The newly published book of Chetan Bhagat Half
Girlfriend
l Hiroshima Day Aug 6
l The new SLR as announced by the RBI on 5 Aug 2014 22
per cent
l The firm from which India has put on hold all defence
procurements Finmeccannica (Italy)
l The name of Sunkoshi river of Nepal when it flows across
CBEC
l The city where the third India-Africa Forum Summit (IAFSIII)
will be held New Delhi
l The year in which the first Economic Census of India was
conducted 1977
l The game in which Yogeshwar Dutt and Babita Kumari won
gold in 20th Commonwealth Games Wrestling
l The first Indian woman gymnast to win a medal at the
Commonwealth Games Dipa Karmakar
l The treaty to facilitate access to published works for the
persons who are visually impaired Marrakesh Treaty
The first country to ratify the Marrakesh Treaty India
l The committee formed to suggest changes in pattern of civil
services exam Arvind Varma Committee
l The river on which India is building worlds highest railway
bridge in J&K Chenab
l The newly elected President of Iraq Mohammed Fuad
Masoum
l Nelson Mandela International Day 18 Jul
l The minimum capital requirement for setting up a normal
commercial bank in India `500 cr
l World Tiger Day 29 Jul
l The South African all-rounder who recently retired from all
forms of cricket Jacques Kallis
l World Hepatitis Day 28 Jul
l The World Bank groups largest client as of now India
l The vehicle which made the record of clocking highest
distance by any man-made vehicle outside the earth
Opportunity
l The present Chairman of the Railway Board Arunendra
Kumar
l The winner of the Hungarian Grand Prix 2014 Daniel
Ricciardo
l The revised investment target for Dedicated Freight Corridor
(DFC) `80,000 cr
84 per cent
l Rajiv Gandhi National Quality Awards are presented by
Bureau of Indian Standard
l The state with the highest proportion of hired workers as
per the 6th Economic Census Report 2013 Arunachal
Pradesh
l The JNU professor awarded with the 8th Special Book
Award of China Priyadarsi Mukherji
l Indias first coral garden will come up in Mithapur,
Gujarat
l Winner of the mens singles title of the Indonesian Masters
Grand Prix Gold HS Prannoy
l The autobiography of Naseeruddin Shah And Then One
Day
l The person who will lead US-led global coalition against
ISIS militants John Allen
l World Suicide Prevention Day (WSPD) 10 Sep
l Winner of the mens doubles title at the 2014 US Open
Mike Bryan and Bob Bryan
l Indias ranking in the Creative Productivity Index, released
by the ADB and EIU 14th
l Hindi Diwas 14 Sep
l The state govt which has imposed Re 1 cess on cigarette
packet and liquor bottle Delhi
l The country with highest rate of child marriages
Bangladesh
l The growth rate of Indian economy in 2014 as per the
UNCTAD Trade and Development report 2015 5.6%
l The new upper age limit for MDs and CEOs in private
sector banks 70 years
l The doctor whose family will receive Friendship award from
Chinese President Xi Jinping Dwarkanath Kotnis
l The special promotion scheme to promote women scientists
KIRAN
l The person appointed as Executive Director in World Bank