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BANKING AND FINANCIAL AWARENESS 2014 PDF

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Banking and Financial Awareness – 38 1) The Reserve Bank of India (RBI) on 23 September, announced a member committee to frame. a clear and. Banking & Finance Awareness by ronaldweinland.info - Download as PDF File .pdf), Text File India following the amendment of the Insurance Bill. 4 days ago Banking Awareness PDF: we have gathered all the banking, finance and download Banking & Economy Questions PDF (July – Dec).

Bombay Stock Exchange BSE 2 Under whose chairmanship a committee was formed to review BSNLs operations in , which had recommended selection of the best professionals from the private sector at market rates, and appointment of an eminent person from the private sector as chairman? Saumitra Choudhury 4 As per the finance ministry data, the maximum number of financial inclusion accounts have been opened in which state during year ? Uttar Pradesh 5 According to Indian market regulator SEBIs latest announcement on 8 December , the promoters of a listed company need to have made their shareholding disclosures at least how many years before any transfer of shares between themselves without triggering an open offer for public investors? Chidambaram with the rank of state minister in December ? ICICI Bank In this new deposit, unlike regular recurring deposits, investors will not be penalised for missing a monthly installment. However, they will have to make up for the missed payments in the subsequent months.

In which year this system was dispended with by IRDA? IRDA has dispensed with the submission of policy documents under File and Use or the automatic clearance system in 8 Indias largest credit card issuer HDFC Bank has recently started replacing some of its points of sale PoS machines at a few merchant establishments. This has been done in view of which problem the banking industry is facing, associated with credit cards?

Cases of skimming have been witnessed in India of late, wherein the card data is copied illegally in an otherwise legitimate transaction, only to be used fraudulently later HDFC Bank is one of the largest players in merchant acquisition space with close to 2. This move has been taken due to which reason? India witnessed two successive grid failures in and it was thought necessary that POSOCO should be given functional autonomy, freedom to recruit staff and payment of higher pay scales for its employees POSOCO is entrusted with the task of running one of the largest synchronous interconnections in the world.

Which is the largest type of classified risk, which poses highest risks to a banking establishment? Operational Risk This type of risk mainly arises from banks internal activities and comes to fore due to banks processes, banks dealing with different people and banks various systems.

Operational banking risks have been classified in Basel II regulations 3 What are the two most important features of the Second Green Revolution, which is being implemented by the union govt. To overcome balance of payment BoP problems of temporary and short-term nature 5 Banks in India traditionally use which system of payment and settlement?

Mumbai 7 Which type of working segment generally faces highest risk element as explained by the Pyramid of Poverty Index? Temporary workers, informal salaried employees and workers employed in household chores. Foreign exchange rate 9 A Brush of Life is a book written by which renowned artist? Satish Gujral noted painter 10 Which Indian stock-exchange launched Carbonex, countrys first carbon-based thematic index which provides facility of assessing environment risks and opportunities to the investor?

BSE This index was launched in and takes a strategic view of organisational commitment to climate change mitigation. Banking and Financial Awareness 19 1 Which are the two public sector banks, in which union govt.

Financial savings take the form of bank deposits, life insurance funds, pension and provident funds and shares and debentures 3 Which is the latest internet browser launched by Microsoft on 26 February ?

Internet Explorer 10 Microsoft is still the dominant player in the desktop browsing market but Googles Chrome and Mozillas Firefox have recently dented the market of Microsoft significantly 4 How many months service extension was given to RBIs Deputy-Governor Anand Sinha on 26 February ?

Returns for EPFO beneficiaries for stood at 8. What is the name of this Trojan virus? Bamital Bamital is a malware designed to hijack search engine results. Clicking on any of the displayed search results redirects users to an attacker controlled command-and-control server 7 Which major British bank recently started laying-off its employees in India as part of closure of its retail and commercial banking operations in the country?

In which city this proposed institute will be established? What are these changes? What was the announced specification of such towns?

Narasimhan Committee The Narasimham committee on rural credit recommended the establishment of Regional Rural Banks RRBs on the ground that they would be much better suited than the commercial banks or co-operative banks in meeting the needs of rural areas.

Initially, five RRBs were set up on October 2, Accepting the recommendations of the Narasimham committee, the government later passed the Regional Rural Banks Act, 2 Which was the first public sector bank to come out with the voluntary retirement scheme VRS for its employees? What is the deadline for implementation of this announcement? How much initial capital would be provided by the Union Govt.

Life Insurance Corporation LIC 8 What is the name of Microsofts new version of its popular office suit, which was launched on 4 March especially for Indian small businesses and enterprises?

What was the investment regulation for NPS till now? Till now fund managers of NPS could only invest in equities indirectly, i. What are the main objectives of this move? These regulators would monitor financial conglomerates FCs of the country as well as. What is the last date for acceptance of non- CTS cheques now? Of how much denomination the first set of polymer notes will be? It is a concept of paperless banking to augment environment conservation through paperless banking transactions, which are also faster than conventional transactions 5 Which sector of Indian Economy is maximum dependent on economic developments in advanced nations?

BRS includes all those elements of the lending rates that are common across all categories of borrowers and in it no bank could lend below the base rate.

Pdf banking awareness 2014 and financial

Simultaneous download and sale of securities to make profits from price 9 Indias largest bank the SBI recently announced plans to open how many branches spread all over the country in the next fiscal year? Banking and Financial Awareness 22 1 The term Actuarial is associated with which field? Insurance Actuarial is a science which calculates premium amount for different types of life insurance policies. This is done by using various models like life expectancy, risk quotient and complex statistical and mathematical models.

Actuarial is a very important field of insurance industry 2 Who was the head of a committee constituted under the 12th Five Year Plan in , to give recommendations on state and welfare of the urban poor in India?

Amitabh Kundu 3 Concept of Tobin Tax is associated with which field? Foreign Exchange Transactions It is a tax proposed in by Prof. James Tobin, the Nobel Prize Winner for Economics, to be implemented on foreign exchange transactions 4 What type of money transfer takes place in the RTGS real time gross settlement system?

RBI primarily tries to stabilize the money flow in the banking system through Open Market Operations It downloads and sells government bonds on the open market to do so.

It is part of RBIs Monetary Policy tools to manipulate and maintain supply of money and short term interest in the economy 6 Who is the author of the book The Rediscovery of India? This report recommends a comprehensive review of the current financial sector regulatory architecture and legislation. This reduction in interest rates was announced following govt. This decision was taken into effect after govt.

Shyamala Gopinath Committee This committee had suggested that returns should be in sync with market rates determined by the returns offered by other securities. Hence the govt. The change in interest rates would come into effect from 1 April Impact on major tools of Small Savings: Annual rate of interest reduced from 8. Annual rate of interest reduced from 9. Savings Deposit Scheme: Banking and Financial Awareness 23 1 IndiaFirst Life Insurance, which introduced many revolutionary insurance products such as Indias first money-back health insurance plan, is a joint-venture of which three associates?

Who was the Chairman of this committee, which submitted its report on 27 March to the Union Govt.? Rangarajan, Chairman Economic Advisory Council to the Prime Minister 4 Which two archaic policies pertaining to sugar control were abolished by the govt.

A The levy sugar mechanism has been abolished for 2 years. B The regulated release order mechanism has been abolished. Under this mechanism sugar companies had to sell only a certain percentage of their produce in the open market 5 What procedure has been adopted recently by public sector banks PSBs for sale of properties to recover payments from defaulting borrowers in order to ensure a free, fair and transparent process?

Which country would be the largest contributor to the CRA? What are the important terms that Cyprus has to implement in return for this bailout-package, which Cyprus was earlier unrelenting to undertake?

A Cyprus has to drastically shrink its banking sector, which has become oversized, unprofitable and uneconomical ii. B It has to cut its fiscal budget and cut-away wasteful expenditures iii. C It has to start the process of privatization of its state assets iv. D Cyprus has to implement comprehensive set of structural reforms in the country Cyprus has been shut out of international markets for almost two years.

The bailout-package has been provided by a group of 17 European countries, who are collectively called as Euro Zone nations 10 Which are the three states where High Courts were established on 23 March , with which the number of high courts in India increased from 21 to 24? Manipur, Meghalaya and Tripura Announcement about establishment of these three new high courts was made on 25 January This new facility is being offered to KCC holders of which bank?

What is the meaning of AIF? AIF stands for Alternative Investment Funds, which is a newly created class of pooled-in investment vehicles for real estate, private equity and hedge funds, over a period of ten months 4 What is the name of a new network launched by the Planning Commission Deputy Chairman Montek Singh Ahluwalia on 19 April , which aims to improve implementation of policies, programs, and projects, which the 12th Five Year Plan has declared as the critical necessity for accelerating more inclusive and faster growth?

The IBIN movement will disseminate techniques and skills for collaboration, coordination, and better planning through a network of agencies in the country. Ravuri Bharadhwaja, Telugu novelist, short-story writer and poet for his work Paakudu Raallu Jnanpith Award was constituted in and was first awarded to Malayalam author G. Sankara Kurup in What is the existing interest rate under NRLM? This reduction will bring the rate of interest for women SHGs at par with the rate at which banks lend to farmers 2 RBI came up with its annual monetary policy statement on 3 May What was the economic growth rate proposed forthe Indian economy for the current fiscal of in this statement?

Subbarao highlighted which measure as the biggest threat to monetary policy? Repo rate is now at its lowest level since May 5 Which stock exchange recently launched an Islamic equity index especially for Islamic investors? Bombay Stock Exchange BSE This equity index includes stocks of those companies that fulfill Islamic finance principles like staying away from business of alcohol, tobacco and gambling-related products.

Takehiko Nakao of Japan Nakao will take charge from Haruhiko Kuroda, also from Japan, who resigned from the ADB top post to assume the charge of Bank of Japan governor 8 What was Indias total indirect tax collection actual during , as announced on 25 April ?

Total excise duty collection stood at Rs. Better than expected collections have provided a major relief to the govt. In total number of policies sold stood at 4.

This figure came down to 4. Decline in number of life insurance policies is attributed to fall in sales of unit-linked insurance segment and general market trends. Who are regulators of home loan segment in India at present? What is algo trading? In market parlance, algorithmic or algo trading refers to orders generated at a super-fast speed by use of advanced mathematical models that involve automated execution of trade 3 According to a report released by Switzerland-based Financial Stability Board FSB on 18 May , what is the total estimated size of shadow banking business in India?

Which scheme of NPS gave the best return during the fiscal? Private Corporate Debt Funds under this segment generated Debt In contrast EPF scheme gave returns of 8. EPF manages retirement savings of over 6 crore formal sector workers while GPF takes care of retirement savings of govt.

NSE This new debt trading platform is expected to provide an opportunity to retail investors to invest in corporate bonds on a liquid and transparent exchange platform. The mutual funds, insurance companies and pension funds are also expected to participate after guidelines for the same are issued by the SEBI 6 The proposal of the Ministry of Shipping for establishing two new major ports in the country was approved by the Cabinet Committee on Economic Affairs CCEA on 9 May These new ports are to be established in which states?

Dugarajapatnam port is to come at Dugarajapatnam village in Nellore district. This will be the second Union government-controlled port in Andhra Pradesh after the one in Visakhapatnam. IIP growth rate during stood at 2. However, IIP during March stood at 2. Subbarao on 9 May highlighted a tool for dealing with the probable shortage of cash in the Indian economy.

Which tool is this, which could be utilized as and when situation demands? Last fiscal, the RBI injected liquidity to the tune of Rs. Net mutual fund sale means a situation when sales of mutual funds exceeds its download 10 Union Govt. How many agricultural workers are projected to lose job in the 12th Five Year Plan, as stated by the govt.? About 4 million. However, economy staged a feeble recovery in the fourth quarter Jan-Mar of 13 during which the GDP growth stood at 4.

The Centres fiscal deficit stood at Rs.

Banking and Financial Awareness 2014

Fiscal deficit in was a record 5. What is the name of Mr. Narayan Murthys son who was also included in the reconstituted board of Infosys and who would function as Executive Assistant to Narayan Murthy?

Kamath would step. Which company is the developer of Finacle? Where is this air base situated? The establishment of the premier fighter base is important in the view of current geo-political scenario and threat perception in the peninsular region and in the Indian Ocean.

What is the brand name of this range of white ATMs? However, the deadline for submission of application has been unchanged and remains 1 July By how much time the above said extension has been provided?

Earlier 12 months were given by the RBI. With this extension the promoters will now get more time to operationalise the banking business 3 How many mini LIC offices were inaugurated by Finance Minister P. Chidambaram on 25 June ? Chidambaram on 6 June What is the name of this fund?

It aims to raise Rs. The fund was launched with an initial contribution of Rs. The merger proposal is in line with recommendations of which committee? Chaturvedi Committee For better utilisation of funds under CSS, the panel of ministers had approved transferring of funds from the central government to the state consolidated funds and not directly to the implementing agencies.

In a major development on the sidelines of this summit, the United States and Russia agreed to end violence in Syria despite having different stances to solve this problem. Who is the chairman of this high-powered committee? The commission also suggested that Grameens legal status be amended with the government owning at least 51 per cent. Grameen Bank has been in dispute with the Bangladesh Govt. Founded as a statutory body under a law offering ownership to its client members, Grameen lent more than USD 11 billion to millions of people mainly women to help them gain financial independence from poverty cycles.

Banking and Financial Awareness 29 Banking and Financial Awareness 29 1 How many applications were received by the Reserve Bank of India for new banking licenses in the private sector till 1 July , which was the deadline for submission of applications?

What is the present FDI limit?

Pdf banking awareness 2014 and financial

This approval of Telecom Commission however needs cabinet approval. This approval is expected to provide fresh funds to telecom operators to lower their financial burden. According to a recent presentation of industry body COAI, the debt of the telecom industry stood at Rs.

The year bonds with bullet redemption will carry an interest rate of 9. This approval was based on suggestions of a panel headed by Dr. What is its new status? Schedule A enterprise It was earlier Schedule B enterprise and its upgradation reflects its improved profitability and turnover.

Banking & Finance Awareness by ronaldweinland.info | Reserve Bank Of India | Banks

MRPL can now aspire for Navratna status with this upgradation. What was the existing limit of the mandatory download-back?

This pass through mechanism will be applicable for thermal power plants commissioned after which year? This effectively means that the poorest of the poor survive on just Rs. NSSOs 68th round of survey is based on samples consisting of 7, villages in rural India and 5, urban blocks except some remote areas, during July June 10 Which financial services company among those also involved in gold business , became the first company in the country to suspend gold sales across all its businesses?

Reliance Capital According to a statement made by the company on 21 June , the company suspended sale of gold coins and gold in all other available forms, including as an investment product across all its businesses and subsidiaries. The panel in its report recommended two sets of measures to deal with the NSEL issue and also the problem of regulatory gaps in oversight of spot exchanges. Enforcement action has been recommended against NSEL and the persons behind the company.

Who headed this panel on NSEL? The launch of this credit card marks the beginning of a new collaboration between the two major public sector entities Air India and SBI.

State Bank of India is also the leader of a consortium of banks that have helped Air India in its financial restructuring exercise.

Chidambaram on 16 September, This repository system, which is claimed by IRDA as the first-of-its-kind in the world is situated in — Hyderabad The objective of creating an insurance repository is to provide policyholders the facility to keep insurance policies in electronic form like shares are kept in Demat account. Five companies have been given the status of insurance repositories and have been provided with a licence that will be valid till 31 July, This has been done with an objective of giving encouragement to entrepreneurship in the country by financing small start-ups.

What are the important points under this notification? The advance tax pay-out decline from SBI comes amid a period of. This banking solution has been developed to enable banks of all sizes to rapidly modernize their operations.

Which company launched this solution? Which new standard is this which is expected to meet the goal of Open Web Platform? One of the most important benefits of HTML 5 is that it is capable of making the Web useful on mobile and wireless devices, which will be next paradigm shift for internet growth in India. From now on persons with an annual income of Rs. The rationale for increase in the eligibility criteria is to revise the gross income limit upwards in view of moderation in the economy 2 The Forward Markets Commission FMC , chief regulator of forwards and futures commodity markets in India, will, henceforth, be overseen by the Ministry of Finance.

Rangarajan on 13 September. The bill seeks to establish. It will also have an ATM. Who has been appointed as the head of this committee? South Africa. Who was appointed as the head of this expert panel? Proceeds from the sale will help Verizon download the rest of its U.

On September 2. Ice Cream Sandwich. He announced setting up of an outside panel of experts to screen applications for new bank licenses. On this day itself he came out with a slew of measures. The sale dwarfs the previous record. The list of Android software names over the years includes Cupcake. India would become one of few countries that are following the most stringent norm of 1.

It is lower than the 5. Rehabilitation and Resettlement Bill. The RBI decision is aimed at curbing volatility in the forex market.

While manufacturing output fell 1. According to this norm what is the maximum prescribed SAR specific absorption rate for mobile phones in India? Under the swap facility the RBI. The money is normally invested in real and financial assets at home and abroad. The partially convertible rupee closed at Indian Railway Finance Corporation. The unit also posted its biggest fall in absolute terms ever.

This will be part of a tax-free bond issue. National Highway Authority of India. This was its biggest single-day percentage fall since how many years? Which 10 public sector entities are these? Banking and Financial Awareness — Rural Electrification Corporation. Such an instrument is normally a long-term one. Through the facility. A tax-free bond is an instrument where investors do not have to pay tax on interest. Power Finance Corporation. SWFs are normally state-owned.

To which company is Nokia selling its business? Corporation Bank Rs. Setting-up of this commission was announced by Union Finance Minister P. Bank of Maharashtra Rs. M R Diwakar and S Mahalingam will be parttime members. What is the primary benefit of issuing ICMBs? Sri Lanka. Dena Bank Rs. Which 6 public sector banks are these?

S S N Moorthy. These accounts. South Korea. It is followed by Maharashtra with Taiwan and Hong Kong. United States of America. Only 1. Germany but below France. United Kingdom. Which state is leading in issuing Aadhaar numbers.

Insurance coverage in a country is generally measured by insurance penetration. Joint Secretary Budget Division — This committee has suggested higher taxes on those non-essential items which do not add to inflationary pressures. Rs Who is the Chairman of this committee? In How much amount was transferred as surplus profit to the govt. The Committee has also suggested a list of non-essential items the import of which could be compressed. The RBI transferred Rs These suggestions form part of the recommendations made by the committee set up by Finance Minister P Chidambaram.

In addition to this RBI imposed a restriction on Indians from making an investment in a property abroad. What was the main reason for this fall in profits as disclosed by the bank? At present visitors from 11 countries Japan. The visa-on-arrival scheme has contributed to an increase in the number of tourists from these countries and the government was in the final.

Which are these four cities which have been extended this facility? The exemption will be available for projects in the field of infrastructure. The objective behind this exemption is to give a push to the infrastructure sector of the country. Myanmar and Indonesia are eligible to get this facility. New Zealand. LIC for long has been perceived as the last resort for the govt. What is the prescribed investment limit for the projects to get this exemption? The bill is also a lot less bulky than the existing Act.

What is the present investment limit of LIC in companies? TARC will be a seven member commission including a Chairman. Kochi and Thiruvananthapuram The visa-on-arrival facility was earlier available only for the four metro cities Delhi. What is the name of the old bill which was replaced by this legislation? Kolkata and Chennai.

Andrew Yule. They can also provide Internet TV services. Indian Oil Technologies Ltd. Brushware Ltd. What are the main features of this new norm? National Instruments Ltd. Telecom companies would be allowed to offer mobile and fixed-line services using any technology.

Scooters India Limited. Which six CPSEs are these? What is the name assigned of this newly approved fund? On 6 August What are the major norms which were relaxed? Which currency chest of SBI was found deficient in following these norms? Chidambaram finalized and approved applicable provisions of CrPC criminal procedure code to arrest such offenders?

He has formerly worked as the chief economist at the International Monetary Fund. What is the deadline for setting-up branch-ATMs for these banks? Which company is this?

Chidambaram reiterated this while inaugurating the 5. Under the promulgated ordnance. Tamil Nadu on 28 July. The prospective customer at the time of first sale would only be required to give a copy of Voter I-Card.

What were the main highlights of this report? Kolkata and Bangalore. Student ID or any other such document that can act as a proof of identity.

Bank Pass book. What were the major announcements made in FDI limits? Pan Card. The report dealt comprehensively on impact on poverty reduction due to measures taken by the governments.

Driving license. Aadhaar Card. Employees ID. Pilot project of this scheme will be launched in Delhi. Under this formula.

A penalty of Rs. Canara Bank. Development Credit Bank. Punjab National Bank. What was the import duty on sugar before this move? How many banks were given cautionary letters following an expose made by an online portal? The provided handset will be non-transferable as it will later also be used in customized transfer of benefits under the direct transfer scheme of the central govt. Barclays Bank. Central Bank of India. Vijaya Bank. Indian Overseas Bank and Federal Bank.

Bank of Baroda. BNP Paribas. Oriental Bank of Commerce and Dhanlaxmi Bank. PSU banks recently decided to apply pressure on loan guarantors along-side the defaulters. Royal Bank of Scotland. A brief of this proposed scheme was made by the union govt.

Standard Chartered Bank. Bank of India. ING Vysya Bank. The United Bank of India. Lakshmi Vilas Bank. The hike in duty was aimed at curbing import of sugar and improving the bearish sentiment in domestic market.

What specific additional powers would be provided to SEBI after the amendments comes into effect? This would. Latvia emerged from a crisis in to become the fastest-growing economy of the EU. Which state is this?

It should be noted that member EU is a political entity and represents the interest of all of Europe whereas Eurozone is a currency block of 17 nations that have accepted Euro as a common currency. According to a recent presentation of industry body COAI.

This approval is expected to provide fresh funds to telecom operators to lower their financial burden. What is this major economic reform? What is the present FDI limit? Competitive bank lending rates is expected to result in lowering the cost of acquiring funds for business Banking and Financial Awareness — 29 1 How many applications were received by the Reserve Bank of India for new banking licenses in the private sector till 1 July What are the salient features of minimum public holding norms of the SEBI?

This approval of Telecom Commission however needs cabinet approval. This approval was based on suggestions of a panel headed by — Dr. What was the existing limit of the mandatory download-back? The year bonds with bullet redemption will carry an interest rate of 9.

What is its new status? This pass through mechanism will be applicable for thermal power plants commissioned after which year? Earlier 12 months were given by the RBI. This effectively means that the poorest of the poor survive on just Rs.

By how much time the above said extension has been provided? What is the brand name of this range of white ATMs? Capacity of power plants commissioned after is approximately Chidambaram on 25 June ? In a major development on the sidelines of this summit. Chidambaram on 6 June He has now succeeded DK Mehrotra. It aims to raise Rs. The fund was launched with an initial contribution of Rs.

What is the name of this fund? During last month. The merger proposal is in line with recommendations of which committee? Who is the chairman of this highpowered committee? Grameen Bank has been in dispute with the Bangladesh Govt. However, economy staged a feeble recovery in the fourth quarter Jan-Mar of during which the GDP growth stood at 4.

Fiscal deficit in was a record 5. What is the name of Mr. Kamath would step down from his position as Chairman of the Board and will take up the position of Lead Independent Director.

Financial Awareness Capsule

Which company is the developer of Finacle? Where is this air base situated? The establishment of the premier fighter base is important in the view of current geo-political scenario and threat perception in the peninsular region and in the Indian Ocean Banking and Financial Awareness — 26 1 SBI Chairman Pratip Choudhuri recently said that the Reserve Bank of India RBI should be made regulator of all home loans in the country.

Who are regulators of home loan segment in India at present? What is algo trading? Which scheme of NPS gave the best return during the fiscal?

Debt In contrast EPF scheme gave returns of 8. EPF manages retirement savings of over 6 crore. These new ports are to be established in which states? Subbarao on 9 May highlighted a tool for dealing with the probable shortage of cash in the Indian economy. IIP growth rate during stood at 2.