Who's Who

P. L. Punia —Chairman, National Commission for Scheduled Castes

U. K. Sinha —Chairman, SEBI.

Laxman Das —Chairman, Central Board of Direct Taxes (CBDT).

S. P. Gaur —Chairman, Island Waterways Authority of India.

Sanjeev Batra —Chairman and Managing Director, Mineral and Metals Trading Corporation (MMTC).

M. Ramadoss —Chairman, Oriental Insurance Company.

R. K. Upadhyay —Chairman and CMD Bharat Sanchar Nigam Ltd.

Current Affairs July 2012 Quiz-10

1.Which country's senate voted to remove President Fernando Lugo from office in an impeachment trial in June 2012? (He was replaced by Federico Franco) 1) Chile 2) Paraguay 3) Uruguay 4) Peru 5) Suriname 2.Fatou Bensouda became the first woman and the first African to head the team of prosecutors at the International Criminal Court (ICC), The Hague on June 15, 2012. She is a former Minister of Justice of which of the following countries? 1) Rwanda 2) Kenya 3) Gambia 4) Uganda 5) Nigeria

Current Affairs July 2012 Quiz-9

1. Which of the following stateme-nts about Euro 2012 is not true?
1) The 2012 UEFA European Football Championship, commonly referred to as Euro 2012, was hosted by Poland and Ukraine.
2) Spain won the title for the second consecutive time with a 4-0 win over Italy in the final match on July 1, 2012.
3) Spain became the first team to win two consecutive Europe-an Championships.
4) The final match was played in Kiev, Poland.
5) Andres Iniesta of Spain was the Player of the Tournament.

2. Which country will host the UEFA Euro 2016 football tournament?
1) Italy 2) Turkey
3) France 4) Norway
5) Sweden

Important Days

INDIA
January 9	Pravasiya Bharatiya Divas
January 12	National Youth Day
January 15	Army Day
January 25	Tourism Day
January 26	Republic Day
January 30	Martyrs' Day
February 28	National Science Day
March 3	National Defence Day
March 4	National Security Day
March 16	National Vaccination Day
April 5	National Maritime Day
May 11	National Technology Day
July 26	Kargil Victory Day
August 9	Quit India Day
August 15	Independence Day
August 20	Sadbhavna Divas
August 29	National Sports Day
September 5	Teachers' Day; Sanskrit Day
October 2	Gandhi Jayanthi
October 8	Indian Air Force Day
October 10	National Postal Day
November 14	Children’s Day
November 26	Law Day
December 4	Navy Day
December 7	Flag Day
December 18	Minorities Rights Day
December 14	National Energy Conservation Day
December 23	Farmers Day

INTERNATIONAL
January 10	World Laughter Day
January 26	International Customs Day
January 30	World Leprosy Eradication Day
March 8	International Women’s Day; International Literacy Day
March 15	World Disabled Day; World Consumer Rights Day
March 19	World Disabled Day
March 21	World Forestry Day; International Day for the Elimination of Racial Discrimination.
March 22	World Day for Water
March 23	World Meteorological Day
March 24	World TB Day
April 7	World Health Day
April 17	World Haemophilia Day
April 18	World Heritage Day
April 22	Earth Day
April 23	World Book and Copyright Day
May 1	International Labour Day
May 3	Press Freedom Day, International Energy Day
May 8	World Red Cross Day
May 12	International Nurses Day
May 15	International Day of the Family
May 17	World Telecom Day
May 24	Commonwealth Day
May 31	Anti-tobacco Day
June 5	World Environment Day
July 1	Doctor's Day
July 11	World Population Day
August 6	Hiroshima Day
August 9	Nagasaki Day
August 12	International Youth Day
August 19	World Photography Day
September 8	World Literary Day
September 15	International Day of Democracy
September 16	World Ozone Day
September 26	Day of the Deaf
September 27	World Tourism Day
October 1	International Day for the Elderly
October 2	International Non-violence Day; World Wetlands Day
October 3	World Habitat Day
October 4	World Animal Welfare Day
October 9	World Postal Day
October 10	World Mental Health Day
October 12	World Sight Day
October 16	World Food Day
October 17	International Poverty Eradication Day
October 24	United Nations Day
October 30	World Thrift Day
November 14	Diabetes Day
December 1	World AIDS Day
December 10	Human Rights Day
December 11	UNICEF Day

Current Affairs June 2012 Quiz-6

1. Which Indian-American won the Scripps National Spelling Bee competition in Maryland, USA, in June 2012? (This is the 5th consecutive win for Indian-Americans)
1) Stuti Mishra
2) Arvind Mahamkali
3) Snigdha Nandipati
4) Vanya Shivshankar 5) None of these


2. Who became the 25th Chief of the Indian Army on May 31, 2012?
1) J.J.Singh 2) Bikram Singh
3) V.K.Singh
4) Dalbir Singh Suhag
5) None of these

Current Affairs June 2012 Quiz-5

1.Who is Punjab Chief Minister?



2.What is Currency Of  south korea?



3.Who is France President?


4.What is Capital of Malawi?

Current Affairs May 2012 Quiz-4

1.Durand cup is associated with-----?

a)football

b)hockey

c)cricket

d)lawn tennis

e)table tennis

2.Santhosh trophy is assocated with-----

a)football

b)hockey

c)cricket

d)lawn tennis

e)table tennis

Current Affairs May 2012 Quiz-3

1.S & P Reduces India Credit Rating From BBB+ to ................??
a) BBB-
b) BB+
c) CCC+
d) CCC-




2.RBI has made it mandatory for all banks to print the MICR and IFSC code on the passbook. What is Accronomy of MICR
a) Magnetic Ink Character Recognition
b) Magnetic Ink Code Recognition
c) Machine Internal Code Recognition
d) Machine Ink Charecter Recognition

Current Affairs May 2012 QUIZ-2

1.Who is the world’s richest boxer ?
a) Vijendar Singh
b) Miguel Cotto
c) Floyd Mayweather
d) Tyson Fury



2.Present chairman Of the TRAI is?
a) Rahul Khullar
b) U.K Sinha
c) Hari Narayana
d) JS.Sarma

　

RBI,NABARD,SEBI,IRDA,EXIM

S.No	Apex Body	Accronomy	Established In The Year	Head Quarters	Head Of Org
1	RBI	Reserve Bank Of India	1 April 1935	Mumbai	D.Subbarao [Governer]
2	NABARD	National Bank for Agriculture and Rural Development	12 July 1982	Mumbai	Dr. Prakash Bakshi [Chairman]
3	SEBI	Securities and Exchange Board of India	12 April 1992	Mumbai	U.K Sinha [Chairman]
4	IRDA	Insurance regulatory authority of india	2002	Hyderabad	Hari Narayana
5	EXIM	Export-Import Bank of India	1982	Mumbai	Ranganathan [Chairman and Managing Director]

Present RBI Policy Rates

CRR	4.75%
SLR	24.00%
Repo Rate	8.00%
Reverse RepoRate	7.00%
Bank Rate	9.00%

Current Affairs May 2012 QUIZ1

1). What is the Capital Of Bhutan?

Ans) Thimpu

2). Who is the Prime Minister of Russia?

Ans) Dmitry Medvedev

3).In India E-Waste generated in the country is expected to reach what volume?

Ans) 8 Lack metric tonnes

4).India Post Celeberates .........Years of Speed Post Service ?

GK Bits4

1. RBI's open market operation transactions are carried out with a view to regulate ____
(A) Liquidity in the economy
(B) Prices of essential commodities
(C) Inflation
(D) Borrowing power of the banks
(E) All the above
Ans (E)
2. Open market operations , one of the measures taken by RBI in order to control credit expansion in the economy means ____
(A) Sale or purchase of Govt. securities
(B) Issuance of different types of bonds
(C) Auction of gold
(D) To make available direct finance to borrowers
(E) None of these
Ans (A)
3. The bank rate means ___
(A) Rate of interest charged by commercial banks from borrowers
(B) Rate of interest at which commercial banks discounted bills of their borrowers
(C) Rate of interest allowed by commercial banks on their deposits
(D) Rate at which RBI purchases or rediscounts bills of exchange of commercial banks
(E) None of these
Ans (D)
4. What is an Indian Depository Receipt?
(A) A deposit account with a Public Sector Bank
(B) A deposit account with any of depositories in India
(C) An instrument in the form of depository receipt created by an Indian depository against
underlying equity shares of the issuing company
(D) An instrument in the form of deposit receipt issued by an Indian depositories
(E) None of these
Ans (C)

RBI Policy Rates

CRR (Cash Reserve Ratio):


                      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.






SLR (Satutory Liquidity Ratio):


                         SLR (Statutory Liquidity Ratio) is the amount a commercial bank 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 the RBI (Reserve Bank of India) in order to control the expansion of bank credit.


Repo Rate:


                         Whenever the banks have any shortage of funds they can borrow it from RBI. Repo rate is the rate at which our banks borrow rupees from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases borrowing from RBI becomes more expensive




Reverse Repo Rate:


                          Reverse Repo rate is the rate at which Reserve Bank of India (RBI) borrows money from banks. Banks are always happy to lend money to RBI since their money are in safe hands with a good interest. An increase in Reverse repo rate can cause the banks to transfer more funds to RBI due to this attractive interest rates. It can cause the money to be drawn out of the banking system.


Bank Rate:

                        
                            This is the rate at which RBI lends money to other banks (or financial institutions .
The bank rate signals the central bank’s long-term outlook on interest rates. If the bank rate moves up, long-term interest rates also tend to move up, and vice-versa.
Banks make a profit by borrowing at a lower rate and lending the same funds at a higher rate of interest. If the RBI hikes the bank rate (this is currently 6 per cent), the interest that a bank pays for borrowing money (banks borrow money either from each other or from the RBI) increases. It, in turn, hikes its own lending rates to ensure it continues to make a profit.






                        

Inflation & Deflation

What is Inflation?

Inflation is defined as an increase in the price of bunch of Goods and services that projects the Indian economy. An increase in inflation figures occurs when there is an increase in the average level of prices in Goods and services. Inflation happens when there are less Goods and more buyers, this will result in increase in the price of Goods, since there is more demand and less supply of the goods.

 

What is Deflation?

 Deflation is the continuous decrease in prices of goods and services. Deflation occurs when the inflation rate becomes negative (below zero) and stays there for a longer period.

During deflation the price of goods and services is falling and consumers will tend to delay their purchases until prices fall further. This will cause for a lower production, lower wages and demand which will lead to further decrease in prices.



Gk Bits3

1. A banker should not grant loans and advances against (c)

(a) Unquoted shares (b) Partly paid-up shares

(c) Its own shares (d) Third party’s shares

2. In the case of a life policy, the banker should see (d)

(a) The existence of insurable interest

(b) The surrender value

(c) The admission of age

(d) All of the above

3. The most risky document of title to goods from the banker’s point of

view is (c)

(a) Delivery order (b) Bill of lading

(c) Warehouse keeper’s certificate (d) Railway receipt

4. A legal title over shares is created (d)

(a) By simply depositing the shares

(b) By depositing the shares along with a blank transfer

(c) By depositing shares along with a memorandum

(d) By executing a transfer deed

5. The rules framed in the Clayton’s case have been incorporated in (c)

(a) The Banking Regulation Act

(b) The Reserve Bank of India Act

(c) The Indian Contract Act

(d) The Negotiable Instruments Act

6. The limitation period in case of a bank deposit begins from (b)

(a) The date on which deposit was made

(b) The date on which the demand for payment was made

(c) The date on which first withdrawal is made

(d) None of the above

7. When a debtor owes several debts to a banker and makes a payment, the

right of appropriation lies with (b)

(a) The banker (b) The debtor

(c) The court (d) None of the above

8. A Garnishee order is served on A and B jointly. They maintain a joint account

as well as individuals accounts with the bank. The order shall attach (c)

(a) Only the joint account of A and B

(b) Only the individual accounts of A and B

(c) The joint as well as individual accounts of A and B

(d) None of the above

9. In terms of Section 31 of the Reserve Bank of India Act, 1934 a demand

draft payable to bearer may be issued only by (c)

(a) Nationalised Banks (b) Scheduled Commercial Banks

(c) Reserve Bank of India (d) Foreign Banks

10. The payment of a lost demand draft is made to the (a)

(a) Purchaser (b) Payee

(c) Nominee (d) None of the above

11. In case of original demand draft is presented after the duplicate has already

been paid, the bank will (a)

(a) Pay the original demand draft as well and recover the amount from the purchaser

on the strength of the indemnity bond

(b) Return with remarks “Draft reported lost, duplicate already paid will pay on

collecting bank’s guarantee. In case the original draft is again presented, it

should be honoured.”

(c) Return with the remarks payment stopped by the payee

(d) None of the above

12. Unsigned demand draft is presented for payment, the drawee branch will (b)

(a) Honour it

(b) Dishonour it since it does not have a mandate of the drawer

bank to pay it.

(c) Honour it after seeking confirmation from the collecting bank

(d) Honour it if it is for small amount

13. Traveller’s cheques are valid for (d)

(a) Three months (b) Six months

(c) One year (d) No limit-are valid till encashed

312 Banking

14. Do the banks issue traveller’s cheques to non-customers also? (a)

(a) Yes

(b) No

(c) No - only people of repute

(d) No - only to people having annual income above Rs. 60,000

15. Are the traveller’s cheques subject to stamp duty in India? (b)

(a) Yes

(b) No

(c) Yes, all traveller’s cheques above the value of Rs. 1,000

(d) Yes, all the traveller’s cheques above the value of Rs. 5,000

16. Minimum balance required to be maintained for cheque book facility (d)

(a) Rs. 100 (b) Rs. 200

(c) Rs. 500 (d) Rs. 1000

17. The committee on Banking Sector Reforms under the chairmanship of Sri.

M. Narasimham was appointed in (c)

(a) 1991 (b) 1995

(c) 1998 (d) 1999

18. The Government of India passed the “Recovery of Debts due to Banks and

Financial Institutions Act” in (a)

(a) 1993 (b) 1992

(c) 1994 (d) 1990

19. Where the Apellate Tribunal for recovery of debts due to banks and financial

institutions is set up? (c)

(a) Chennai (b) Bangalore

(c) Mumbai (d) Kolkata

20. Documentations is (a)

(a) Proper execution of documents (b) Stamping of document

(c) Cancellation of stamps (d) None of the above

21. Collateral securities can be (d)

(a) Tangible

(b) Intangible in the shape of personal guarantee of a third party

(c) None of the above

(d) Both of the above

22. The Central Bank of India is (a)

(a) The Reserve Bank of India (b) The State Bank of India

(c) The Andhra Bank (d) Global Trust Bank

Multiple Choice Question with Answers 313

314 Banking

23. Stock exchange securities do not include (d)

(a) Debentures of companies

(b) Small debentures issued by port trusts

(c) Government promissory notes

(d) Participation certificates

24. Under Section 19(i) a banking company can hold shares in a limited company

to the extent of (c)

(a) The paid-up capital and free reserve of that company

(b) The paid-up capital of the bank

(c) 30% of the paid-up capital of the company or 30% of its own

paid-up capital and reserves which ever is higher

(d) 30% of the paid-up capital of the company or 30% of its own

paid-up capital and reserves which ever is higher

25. The Definition of ‘Banking’ is given in (c)

(a) Negotiable Instrument Act, 1881

(b) RBI Act, 1934

(c) The Banking Regulation Act, 1949

(d) Contract Act

Gk Bits2

1.Durand cup is associated with-----

a)football        b)hockey         c)cricket     d)lawn tennis   e)table tennis

2.Santhosh trophy is assocated with-----

a)football        b)hockey         c)cricket     d)lawn tennis   e)table tennis

3.Merdeka cup is associated with------

a)football        b)hockey         c)cricket     d)lawn tennis   e)table tennis

4.Kuppuswamy  Naidu cup is associated with-----

a)football        b)hockey         c)cricket     d)lawn tennis   e)table tennis

5.the following are not belongs to cricket cups or trophies------

a)ashes   b)Davis cup          c)reliance cup   d)duleep trophy    e)vizzy trophy

6.world diabets day is observed on----

a)may 11    b)december 14     c)june 5      d)march 22         e)feb 28

7.the following book is not belongs to V.S.Naipaul

a)bend in the river        b)the middle passage      c)half life     d)a bend in the river      e)My days

8.Uber cup is associated with

a)golf     b)cricket     c)badminton        d)hockey     e)football

9).RBI nationalised in the year

a)1949  b)1935  c)1955   d)1945  e)1985

10)in EMI 'E' stands for

a)equal   b)equated    c)enterprise     d)eloctronic     e)emergence

11)'THE NAME YOU CAN BANK UPON' is punch line of which of the following

a)pnb     b)BOB    c)BOI     d)andhra bank     e)IDBI

12)the following country is not belongs to G8

a)russia   b)japan       c)turkey      d)japan      e)UK

13)the following country is not belongs to G20

a)russia   b)japan       c)pakistan       d)india       e)UK

14)india in not in the following

a)OPEC  b)G20    c)SAARC     d)BRICS      e)none of these

15)the head quarters of NABARD is in

a)delhi    b)mumbai    c)chennai        d)Banglore  e)none of these

ANSWERS:

--------

1.a        2.a        3.a        4.b        5.b        6.b        7.e        8.c        9.a

10.b  11.a     12.c  13.c 14.a    15.b

Cmd & Ceo's Of banks

SBI & Associates
State Bank of India		Pratip Chaudhuri, CMD
State Bank of Bikaner And Jaipur		Shiv Kumar,MD
State Bank of Hyderabad		M Bhagavantha Rao,MD
State Bank of Mysore		Dilip Mavinkurve,MD
State Bank of Patiala		Ashok Nayar,MD
State Bank of Travancore		P. Nanda Kumaran,MD
Nationalised Banks
Allahabad Bank		J. P. Dua,CMD
Andhra Bank		B.A Prabhakar,CMD
Bank of Baroda		M D. Mallya,CMD
Bank of India		Alok Kumar Mishra,CMD
Bank of Maharashtra		Anup Sankar Bhattacharya,CMD
Canara Bank		S Raman,CMD
Central Bank of India		M.V.Tanksale,CMD
Corporation Bank		Ajai Kumar,CMD
Dena Bank		Smt. Nupur Mitra,CMD
IDBI Bank Ltd		R. M. Malla,CMD
Indian Bank		T. M. Bhasin,CMD
Indian Overseas Bank		M.Narendra,CMD
Oriental Bank of Commerce		Nagesh Pydah,CMD
Punjab And Sind Bank		Devendra Pal Singh, IAS,CMD
Punjab National Bank		K. R. Kamath,CMD
Syndicate Bank		Basant Seth,CMD
UCO Bank		Arun Kaul,CMD
Union Bank of India		M. V. Nair,CMD
United Bank of India		Bhaskar Sen,CMD
Vijaya Bank		H.S Upendra Kamath,CMD
Private Banks
Axis Bank		Smt. Shikha Sharma,MD & CEO
Catholic Syrian Bank		Shri.V.P Iswardas ,MD & CEO
City Union Bank		Balasubramanian S,
Development Credit Bank		Murali M. Natrajan,MD & CEO
Dhanalakshmi Bank		Amitabh Chaturvedi,MD & CEO
Federal Bank		Shyam Srinivasan,MD & CEO
HDFC Bank		Adtya Puri, MD & CEO
ICICI Bank		Smt Chanda Kochar, MD & CEO
Indusind Bank		Romesh Sobti, MD & CEO
ING Vysya Bank		Shailendra Bhandari, MD & CEO
Jammu & Kashmir Bank		Mushtaq Ahmad, MD & CEO
Karnataka Bank		P. Jayarama Bhat, MD & CEO
Karur Vysya Bank		K. Venkataraman, MD & CEO
Kotak Mahindra Bank		Uday Kotak , MD
Lakshmi Vilas Bank		P.R. Somasundaram, MD
Nainital Bank		Animesh Chauhan,Chairman CEO
Ratnakar Bank		Vishwavir Ahuja, MD & CEO
South Indian Bank		Dr.V.A.JOSEPH, MD & CEO
Tamilnad Mercantile Bank		Thiru A.K. Jagannathan, MD & CEO
Yes Bank's Ltd		Rana Kapoor, Founder/MD & CEO
Foreign Banks : Country Heads India
City Bank		Pramit Jhaveri, Citi Country Officer, India
HSBC Bank		Naina Lal Kidwai,Country Head, HSBC
Standard Chartered Bank		Sunil Kaushal, chief of India operations