banking knowledge

The Basel Accords refer to the banking supervision Accords (recommendations on banking laws and regulations)—Basel I and Basel II and Basel III—by the Basel Committee on Banking Supervision (BCBS). They are called the Basel Accords as the BCBS maintains its secretariat at the Bank for International Settlements in Basel, Switzerland.
The Committee's members come from Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Hong Kong, India, Indonesia, Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States. The present Chairman of the Committee is Stefan Ingves, Governor of the central bank of Sweden.
Basel I is the round of deliberations by central bankers from around the world, and in 1988, the Basel Committee (BCBS)published a set of minimal capital requirements for banks. This is also known as the 1988 Basel Accord, and was enforced by law in the Group of Ten (G-10) countries in 1992 . Basel I, primarily focused on credit risk. Assets of banks were classified and grouped in five categories according to credit risk,carrying risk weights of zero (for example home country sovereign debt), ten,twenty, fifty, and up to one hundred percent (this category has, as an example,most corporate debt). Banks with international presence are required to hold capital equal to 8 % of the risk-weighted assets.
Basel II is the second of the Basel Accords. The purpose of Basel II, which was initially published in June 2004, is to create an international standard that banking regulators can use when creating regulations about how much capital banks need to put aside to guard against the types of financial and operational risks banks face while maintaining sufficient consistency so that this does not become a source of competitive inequality amongst internationally active banks.It aims at:
1. Ensuring that capital allocation is more risk sensitive;
2. Enhance disclosure requirements which will allow market participants to assess the capital adequacy of an institution;
3. Ensuring that credit risk, operational risk and market risk are quantified based on data and formal techniques;
4. Attempting to align economic and regulatory capital more closely to reduce the scope for regulatory arbitrage.
Basel II uses a "three pillars" concept – (1) minimum capital requirements (addressing risk), (2) supervisory review and (3) market discipline.
The Basel I accord dealt with only parts of each of these pillars.
BASEL III is a new global regulatory standard on bank capital adequacy and liquidity agreed upon by the members of the BCBS. The third of the Basel Accords was developed in a response to the deficiencies in financial regulation revealed by the global financial crisis. Basel III strengthens bank capital requirements and introduces new regulatory requirements on bank liquidity and bank leverage. The Organisation for Economic Co-operation and Development (OECD) estimates that the implementation of Basel III will decrease annual GDP growth by 0.05 to 0.15 percentage point.Proposed changes are :- First, the quality, consistency, and transparency of the capital base will be raised.Second, the risk coverage of the capital framework will be strengthened. Third, the Committee will introduce a leverage ratio as a supplementary measure to the Basel II risk-based framework.Fourth, the Committee is introducing a series of measures to promote the build up of capital buffers in good times that can be drawn upon in periods of stress.Fifth, the Committee is introducing a global minimum liquidity standard for internationally active banks.

gk updates

Which actor was recently in India to promote his movie Mission Impossible-4?
Tom Cruise
Who has been named captain of the IPL team Rajasthan Royals for the 5th Edition?
Rahul Dravid
Which 2 teams have decided to withdraw from F1 teams associations?
Ferrari and Red Bull
Name the Iranian teenager who won World Snooker title recently.
Hossein Vafaei Ayouri
Which Colombian film bagged Golden Peacock award at the 42nd International Film Festival in India?
Porfirio
Which company introduced disabled-friendly tools for application in software of common use as the world observed World Disability Day on December 3rd 2011?
Microsoft India
Which bank picked up 51% stake in Bharti Axa Mutual Fund?
Bank of India .

New York Film Critics Circle Awards
Category Winner
Best Picture The Artist
Best Director Michel Hazanavicius(The Artist)
Best Screenplay Steven Zaillian,Aaron Sorkin(Moneyball)
Best Actress Meryl Streep(The Iron Lady
Best Actor Brat pit(Moneyball,The Tree of Life)
Best Supporting Actress Jessica Chastain(The Tree of Life,The Help,Take Shelter)
Best Supporting Actor Albert Brooks(Drive)
Best Cinematographer Emmanuel Lubezki(The Tree of Life)
Best Non-Fiction Film(Documentary) Cave of Forgotten Dreams
Best Foreign Film A Seperation
Best First Film J.C.Chandor(Margin Call)
Special Award Raoul Ruiz

R.Ashwin - Dilip Sardesai Award
HDFC BANK launched special cards for women Solitare Premium and Solitare
2012 Republic's Day chief guest Thailand's P.M Yinglak Shivnatra
first K.Karunakaran ( ex cong. chief minister who passed away few months ago)- Mr. Pranb Mukherjee
Siddhartha Mukherjee bagged First Guardian Book Award for The Emperor of all melodies

1) India successfully test fired Agni IV on 15th Nov. 2011.It is capable to carrying warhead.
2) PPP stands for Purchasing Power Parity.
3) Jnanpith Award for 2009 winner Shrilal Shukla died on 28th of October 2011.
4) IMF recently projected growth rate during 2011-12 for India at.....7.5-7.75%.
5) India and Myanmar have agreed to double the bilateral trade to $3 billion by the year 2015

The UN General Assembly has re-elected Narinder Singh of India as a member of the International Law Commission (ILC) for a five-year term beginning Jan 1, 2012. 

South Africa-born former England all-rounder Basil D'Oliveira, once the subject of one of cricket's biggest controversies, has died at 80.
Social activist Ela Bhatt selected for the Indira Gandhi Prize for Peace, Disarmament and Development 2011 for her lifetime achievements in empowering women through grassroot enterpreneurship.
1)Mickey Arthur(a former South Africa head coach) named new Australia coach.
2)Haryana's Anisa Sayyed won the 25m sports pistol for women at the 55th National Shooting Championships.
3)Abhinav Bindra, after topping the qualifier, struck gold with steady shooting in the men's 10m air rifle final at the 55th National shooting championships .
4) Mr S.S. Mohanty, CEO of SAIL's Bokaro Steel Plant, has been awarded the SMS – DEMAG Excellence Award 2011 for his outstanding contribution in the steel industry.
5)In Johannesburg a hotel has been officially converted to museum as “Satyagraha House” in South Africa, where Mahatma Gandhi once resided.

Use of which notes is to be treated as terror act?
Fake Notes
When is the National Telecom Policy is set to be rolled out?
2012
Which bank is set to buy more than half of Barclays Indian credit card portfolio?
Standard Chartered Bank
Who has been appointed as Manufacturers Association for Information Technology's executive director?
Sabyasachi Patra
Which company recently got NOC from ONGC to sell major stake in its Indian unit to Vedanta Resources?
Carin India
Name the mobile app company which Facebook acquired recently.
Gowalla
What is the new interface launched by Microsoft for Xbox gamers?
Kinect sensor (Kinect for Xbox)
Name the US scriptwriter who debuted with Bollywood kid books.
Nico Raposo
Who has been appointed as Managing Director for India by Research in Motion?
Sunil Dutt
Which 3 countries are set to hold Trilateral meet in Washington?
India, US and Japan

Which bank was fined 10.5 million pounds for mis-selling to elderly?
HSBC
Which state's chief minister has surpassed other politicians to emerge as the most popular politico on social media?
Gujarat Chief Minister. Narendra Modi
Which country has over taken India as 'Diabetes Capital'?
China
When is the inaugural 3-day global conference on 'Tax and Inequality' scheduled to begin in India?
7th December to 9th December 2011
Who have been nominated for FIFA World Player of the Year award?
Lionel Messi, Cristiano Ronaldo and Xavi Hernandez

Which legendary bollywood actor passed away recently?
Dev Anand
Name the Former Brazil soccer captain who died recently.
Socrates
Where has Federation of Indian Chambers of Commerce and Industry is set to open an office to boost economic ties between the 2 countries?
Kathmandu, Nepal
Who won the Golf Hong Kong Open?
Rory McIlroy
Who is set to receive Humanitarian award which is to be presented by Harvard Foundation?
Lionel Richie
Which tamil song has been treated as classic example of viral marketing as per Indian Institute of Management?
Why this Kolaveri Di?
Who got the winning point as Spain won the fifth Davis Cup title?
Rafael Nadal
Name the debut Marathi movie of Helen which is set to release on December 16th 2011.
One Room Kitchen

Current Affairs

The Indian boxer who has been ranked No. 2 in the international rankings released by AIBA on 01 Nov 11- Vikas Krishan
As per the new Public Procurement policy cleared by the Union Cabinet on 01 Nov 11, Union Ministries/PSUs are mandated to make purchases from micro and small enterprises owned by dalits and tribals to an amount not less than- 4% of annual purchases
The country which tops the Human Development Index 2011- Norway
The rank of India as per Human Development Index 2011 released by United Nations Development Programme- 134
The number of new jobs the National Manufacturing Policy announced by the Central Govt aims to create by 2022- 100 million
The place where 2nd Pearls Kabaddi World Cup for both men and women is being held- Bhatinda, Punjab
The new limit imposed by Telecom Regulatory Authority of India on the number of commercial/non-commercial SMS that can be sent each day - 200
The person elected as the interim Prime Minister of Libya to head the transitional government - Abdel Rahim al-Kib
The new Chief Minister of Arunachal Pradesh who was sworn in on 01 Nov 2011- Nabam Tuki

current g.k

The venue of 4th SAARC Folklore and Heritage Festival to be held from September 30
Agra
The team which has won the Federation Cup 2011 by defeating East Bengal in the finals
Salgaocar
The recipient of 2011 Right Livelihood Award for his outstanding success in the development and mass-deployment of cutting-edge technologies for harnessing solar energy
Huang Ming (China)
The experimental module, the first of series in China's programme to finally launch a space station, launched by China from the Jiuquan launch centre on 29 Sep 2011 is named
Tiangong - I
The venue of 1st Asian Men Circle Style Kabbadi Championship which India won defeating Pakistan in the finals
Tabriz in Iran
The typhoon which lashed Luzon, the main island of Phillipines on Sep 28, 2011. The typhoon later moved on to China and Vietnam.
Typhoon Nesat
The East Bengal footballer who has been awarded the Fan’s Player of the Year and also the FPAI Player of the Year 2011 by Football Players Association of India
Mehtab Hossain
The variety of fish which has been declared to the official fish of Madhya Pradesh by its Chief Minister
Mahaseer
The ship carrying valuable silver from India which was destroyed by the Germans during World War II and whose wreckage has been discovered in North Atlantic was named
SS Gairsoppa
The chemical which, (originally used to preserve dead bodies in mortuaries), has been found to be used to preserve fish during transportation by unscrupulous businessmen in Punjab
Formalin
The country which has granted its women citizens the right to vote and contest in elections for the first time
Saudi Arabia
The 2004 Nobel Peace Prize winner, Wangari Maathai, who died on 25 Sep belonged to
Kenya
India's most expensive living artist whose untitled painting sold for a record high of Rs. 7.19 crore
Tyeb Mehta
The author of the controversial book Controversially Yours
Shoaib Akhtar
The venue of 8th International Abilympics, a vocational skill competition among the person with disability
Seoul, Korea
A herbal formulation named Perfomax to improve physical and mental performance in High Altitude and Hypoxic Conditions has been developed by
DRDO
Sathyamangalam forest which has recently been declared a wildlife sanctuary is located in
Tamilnadu
The typhoon which struck Japan on 21 Sep 11, killing people and disrupting public transportation in northeastern Japan including the tsunami-crippled Fukushima was named
Typhoon Roke
The state which has become the first state in the country to have launched Swarnajayanti Aarogya Bima Yojana providing health insurance cover for the entire resident population of the state
Goa
The Hindi authors who have been chosen for Jnanpith Award 2009
Amar Kant and Shrilal Shukla
The Kannada author who has been chosen for Jnanpith Award 2010
Chandrasekhar Kambar
The new and the first woman Prime Minister of Denmark
Helle Thorning-Schimdt
The new President of Board of Cricket Control of India
N Srinivasan
The largest ever joint naval exercise between India and Sri Lanka being conducted off the coast of Trincomalee is code-named
SLINEX II
The singer who has been conferred the Viswavikhyata Sangeetha Kala Saraswathi award by the T Subbarami Reddy Lalithakala Parishat
P Susheela
The company which has been awarded the Rajiv Gandhi Award for Clean Technology for the year 2009-10
Lanco Tanjore Power Co. Ltd
The state which has resorted to culling of birds to prevent spread of avian flu reported in some of its districts
Assam
The country which has become the 62nd nation to ratify the Convention on Cluster Bombs
Afghanistan
The bio-diversity hot spot region in India where 12 new species of frogs have been discovered by the researchers from Bombay Natural History Society, the Zoological Survey of India and Belgium''s Vrije University
Western Ghats
Scrub Typhus which has taken the lives of at least 12 people in Himachal Pradesh is caused by the bite of an infected
mite
Marcoule nuclear processing plant which witnessed an explosion resulting in death of 1 person and injury of 3 others is located in
France
Gautam Rajadhyaksha who passed away on 13 Sep 2011 was a renowned
Photographer
Miss Leila Lopes who was crowned Miss Universe 2011 at the pagaent held Sao Paulo, Brazil belongs to
Angola
The first aircraft developed by Mahindra Aerospace (which made its maiden flight in Sep 11) in partnership with CSIR-Nal and GippsAero is named
C-NM5
The company which has been awarded the Indira Gandhi Rajbhasha Shield for effective implementation of Official language Hindi
Rashtriya Ispat Nigam Ltd
The team which topped the medals tally at the 51st National Open Athletics Championship with 17 gold, 13 silver and 8 bronze
Railways
The venue of 51st National Open Athletics Championship held in Sep 2011
Kolkata
According to America's Census Bureau's annual report for 2010 released recently the overall percentage of poverty in the USA is
15.1% or 46.2 million
The sportspersons who have been conferred the rank of honorary Lieutenant Colonel in the Territorial Army by President Pratibha Patil
MS Dhoni and Abhinav Bindra
The Indian cricketer who has been awarded the International Cricket Council's Spirit of Cricket Award 2011. See all ICC Awards here
MS Dhoni
The Serbian tennis player who has won the US Open 2011 Men's singles title
Novak Djokovic
The Australian tennis player who has won the US Open 2011 Women's singles title
Samantha Stosur
The place at which Oceansat-2 ground station (data reception and processing system) has been set up to receive and process data from Ocean Colour Monitor on-board the Indian Remote Sensing Satellite Oceansat-2
Indian National Centre for Ocean Information Services (Incois), Hyderabad
The new Chief Minister of Uttarakhand replacing Ramesh Pokhriyal Nishank
BC Khanduri
The state which has been awarded the Decadal Literacy Award for achieving highest decadal growth in literacy rate in the country
Bihar
The venue of cultural programme "Remembering Tagore" held to commemorate the 150th Birth Anniversary of Gurudev Rabindranath Tagore.
UNESCO HQs, Paris
NASA on Sep 10, 2011 launched a pair of washing-machine-sized satellites on a mission to map the Moon's inner core for the first time. The spacecrafts are named
GRAIL-A and GRAIL-B
The country which has won the Women's Asian Champions Trophy defeating China in the final at Ordos, China. Japan defeated India to take the 3rd place.
South Korea
This country's National Institute for the Education of Adults has been awarded the 2011 UNESCO King Sejong Literacy Prize for its Bilingual Literacy for Life Programme
Mexico
This country's National Literacy Service was awarded the 2011 UNESCO King Sejong Literacy Prize for its National Literacy Programme
Burundi
The organisation which has developed Lukoskin, a herbal product for Leucoderma
Defence Institute of Bio-energy Research (DIBER) under DRDO
The country which topped the medals tally at the World Athletics Championships in Daegu, South Korea. See more on the event
United States of America
The Jamaican athlete who won the men's 100 meters event at the World Athletics Championships in Daegu, South Korea after Usain Bolt was disqualified for a false start
Yohan Blake
The rank of India in The Global Competitiveness Index rankings published by World Economic Forum recently
56
The country which ranks first in The Global Competitiveness Index rankings as per the report of 2011-2012 published by World Economic Forum recently
Switzerland
The statutory body of Min. of Environment and Forests, which has been selected for Chief Dave Cameron Award 2010 for excellence in Environmental Crimes Enforcement and Education by the International Association of Chiefs of Police (IACP)
Wildlife Crime Control Bureau (WCCB)
The Typhoon that recently lashed Japanese island of Shikoku and Honshu
Talas
Venue of first ever World Gaming Festival to be held from Sep 23
Goa
Jhangir Sabavala, who passed away on Sep 2 was a renowned
Painter
The Indian who has been recently awarded the Special Book Award, China's highest literary award
Prof BR Deepak
The venue of 71st World Congress of Pharmacy and Pharmaceutical Sciences to be held from September 3rd
Hyderabad

current g.k

Economy Current Affairs Quiz/Questions-Answers September 2011, August 29-September 4
1. The Reserve Bank of India on 25 August 2011 released its Annual Report for 2010-11. Which of the following was not discussed in the Annual Report the Central Board of the RBI?
a. assessment of the macroeconomic performance during 2010-11
b. prospects for 2011-12
c. working and operations of the Reserve Bank and its financial accounts
d. role of regulatory bodies in controlling the financial markets
2. CRISIL launched the first gold index in India on 29 August 2011. What was the base date fixed for the index?
a. 2 January 2007 b. 31 march 2008 c. 1 April 2009 d. 1 April 2010
3. Reserve Bank of India (RBI) panel headed by headed by Usha Thorat, Director, Centre for Advanced Financial Research and Learning (CAFRAL) on 29 August 2011 came up with suggestion on non-banking finance company (NBFC). Which of the following related to this statement is not true?
1. The panel suggested the central bank to insist on a minimum asset size of more than Rs.25 crore for registering any new non-banking finance company (NBFC)
2. Transfer of shareholding, direct or indirect, of 25 per cent and above, change in control, merger or acquisition of any registered NBFC will require prior approval of the Reserve Bank.
3. Tier-I capital for capital to risk weighted assets ratio (CRAR) purposes would be specified at 12 per cent to be achieved in three years for all registered deposit-taking and non-deposit-taking NBFCs.
4. NBFCs would be subject to regulations similar to banks while lending to stock brokers and merchant banks and similar to stock brokers, as specified by the Securities and Exchange Board of India (SEBI)
a. 1 & 4
b. 2 & 4
c. Only 4
d. Only 1
4. As per the Directorate of Commercial Intelligence and Statistics data (provisional) published in August 2011, India’s pulses imports declined by whar percentage to 2.6 million tonnes in the 2010-11 fiscal?
a. 20%
b. 19.3%
c. 26%
d. 22.5%
5. The Cabinet Committee on Economic Affairs on 30 August 2011 approved disinvestment of 5 per cent of its stake in which of the following Central Public Service Enterprises (CPSE)?
a. NTPC
b. HPCL
c. BHEL
d. SAIL
Answers
1: (d) 2: (a) 3: (d) 4: (c) 5: (c)
Sports Current Affairs Quiz/Questions-Answers September 2011, August 29-September 4
1. Name the Formula One driver who returned to the highest step of the podium for the first time in four races after he won the Belgian Grand Prix on 28 August 2011.
a. Mark Webber
b. Jenson Button
c. Sebastian Vettel
d. Michael Schumacher
2. Which of the following top-seeded International Master won the Sunita Singh Memorial National youth (under-25) chess championship at Indore on 27 August 2011?
a. Rahul Sangma of Delhi
b. Sai Agni Jeevitesh of Andhra Pradesh
c. Sriram Sarja of Karnataka
d. C.R.G. Krishna of Karnataka
3. Former football star Zico on 29 August 2011was appointed as the new coach of Iraq's national football team by the Iraq Football Federation. The soccer belongs to which of the following soccer playing nations?
a. Argentina
b. Brazil
c. Chile
d. Spain
4. Olympic champion Dayron Robles was disqualified for pulling rival Liu Xiang in the 110-meter hurdles on 29 August 2011 in the 13th World Championships in Athletics in Daegu, South Korea therby handing victory to which of the following participants?
a. Jason Richardson
b. Liu Xiang
c. Andrew Turner
d. Krisztian Pars
5. Which of the following athletes won her third consecutive World women's 20km walk title on 31 August 2011 an the 13th World Championships in Athletics that started in Daegu?
a. Liu Hong
b. Olga Kaniskina
c. Anisya Kirdyapkina
d. Vera Sokolova
ANSWERS
1: (c) 2: (a) 3: (b) 4: (a) 5: (b)
Current Affairs Quiz/Questions-Answers September 2011, August 29-September 4
1. Name the Maoists Vice-Chairman who was on 28 August 2011 elected Nepal's 35th prime minister marking the country’s attempt to form a stable government after extended political uncertainty.
a. Baburam Bhattarai
b. Sher Bahadur Deuba
c. Surya Bahadur Thapa
d. Jhalanath Khanal
2. Prime Minister of Japan on 26 August 2011 announced his resignation after almost 15 months in office amid dipping approval ratings over his government's handling of the tsunami disaster and nuclear crisis. Name him.
a. Yukio Hatoyama
b. Nato Kan
c. Hosokawa Morihiro
d. Fukuda Yasuo
3. At the 2011 MTV Video Music Awards was held at Nokia Theatre in Los Angeles on 28 August 2011 which musician won Video of the Year for Firework?
a. Kat Perry
b. Lady Gaga
c. Adele
d. Nicki Minaj
4. In Nepal, the term of the constituent assembly was extended by____ months.
a) Three
b) Two
c) Four
d) Five
5. Tory Tan won the presidential election in Singapore to become the country’s___ President.
a) Sixth
b) Seventh
c) Fifth
d) Eighth
6. Who is the leader of rebel forces in Libya?
a) Mohammed al-Fortiya
b) Muammar Gaddafi
c) Hosni Mubarak
d) Abdel-Hafiz Ghoga
Answer: (a)
Answer: (b)
Answer: (a)
Answer: (a) Three
Answer: (a) Seventh
Answer: (a) Mohammed al-Fortiya
India Current Affairs Quiz/Questions-Answers September 2011, August 29-September 4
1. Haryana Vidhan Sabha speaker Kuldeep Sharma on 27 August 2011 announced the constitution of a seven-member committee to look into the irregularities in giving away land to various trusts and societies during the regime of which of te following former Haryana Chief Ministers?
a. Om Prakash Chautala
b. Bansi Lal
c. Bhajan Lal
d. Hukam Singh
2. Which former Andhra Pradesh chief minister was appointed as the new Governor of Tamil Nadu on 26 August 2011?
a. Kotla Vijaya Bhaskara Reddy
b. Nara Chandrababu Naidu
c. Nandamuri Taraka Rama Rao
d. K Rosaiah
3. Appointments committee of the Cabinet on 30 August 2011 cleared the names of three senior Indian Police Service (IPS) officers as the head of three paramilitary organisations namely the Indo-Tibetan Border Police (ITBP), Border Security Force (BSF) and Sashastra Seema Bal (SSB). Who was appointed as Director of Indo-Tibetan Border Police (ITBP)?
a. Pranay Sahay
b. Ranjit Sinha
c. Y S Dadwal
d. U K Bansal
4. Chhattisgarh State Government filed a Petition in the Supreme Court over Polavaram Dam. Polavaram dam is being constructed by___.
a) Andhra Pradesh government
b) Orissa government
c) Maharashtra Government
d) Chhattisgarh government
5. Madhya Pradesh government on 27 August 2011 announced a reward of __ rupees for those who inform the state administration about female foeticide.
a) 10000
b) 15000
c) 12000
d) 20000
6. The Union Cabinet of India approved the nuclear regulatory authority of India bill on 30 August 2011. The Atomic Energy Regulatory Board (AERB) was set up in which one of the following years?
a) 1983
b) 1987
c) 1973
d) 1976
Answer: (a)
Answer: (d)
Answer: (b)
Answer: (a) Andhra Pradesh government
Answer: (a) 10000
Answer: (a) 1983
Corporate Current Affairs Quiz/Questions-Answers September 2011, September 5-September 11
1. Which company signed a memorandum of understanding (MoU) with Japan-based Nippon Life Insurance for collaboration opportunities, including strategic partnership, across all financial services businesses?
a. Reliance Capital
b. Life Insurance Corporation
c. Max New York Life Insurance
d. Bharti AXA Life Insurance
2. Which of the following education companies in India on 2 September 2011 elevated whole-time Director Susha John to the post of CEO after the arrest of its Managing Director P. Kishore by CBI in a bribery case?
a. Educomp Solutions
b. Everonn Education
c. McGraw-Hill
d. k-12
3. Name the infrastructure development company which bagged two awards in the Construction Week Awards 2011.
a. GMR Infrastructure
b. Maytas Infra
c. Punj Lloyd
d. MARG Group
4. Which company launched its self-branded mobile phone in the Indian market known as the Facebook phone in September 2011?
a. HTC
b. Vodafone India
c. Nokia
d. Bharti Airtel
5. Which of the following banks set up two loan processing centres for the small and medium enterprise (SME) segment on a pilot basis in Bangalore & in New Delhi in September 2011?
a. Corp Bank
b. United Bank of India
c. Syndicate Bank
d. Bank of Baroda
Answer: (a)
Answer: (b)
Answer: (d)
Answer: (b)
Answer: (c)
Economy Current Affairs Quiz/Questions-Answers September 2011, September 5- September 11
1. Which body observed on 5 September 2011 that the Securities and Exchange Board of India (SEBI) has wider powers under the Sebi Act to issue directions to even unlisted firms to protect interest of investors in the securities market?
a. Supreme Court of India
b. Securities Appellate Tribunal (SAT)
c. Ministry of Finance
d. FICCI
2. Supreme Court on 5 September 2011 issued notice to the government on a plea challenging the appointment of Atul Kumar Rai as the chief executive officer and managing director of which of the following bodies despite his alleged involvement in corrupt practices?
a. Industrial Finance Corporation of India (IFCI)
b. FICCI
c. Chamber of Commerce
d. Competition Commission of India
3. UNCTAD's Trade and Development Report 2011 launched in New Delhi on 6 September 2011projected an economic growth of what per cent for India in 2011?
a. 8%
b. 8.1%
c. 9.2%
d. 8.6%
4. Indian rupee on 7 September 2011 settled at one-year low against the US currency. What was the value of the India value vis-à-vis the US currency?
a. 46.16/17
b. 46
c. 45.32/33
d. 45
5. Which of the following body’s Trade and Development Report 2011 launched in New Delhi on 6 September 2011projected an economic growth of 8.1% per cent for India in 2011?
a. Asian Development Bank
b. World Bank
c. International MonetaryFund
d. UNCTAD
Answer: (b)
Answer: (a)
Answer: (b)
Answer: (a)
Answer: (d)
Sports Current Affairs Quiz/Questions-Answers September 2011, September 5-September 11
1. Name the Jamaican athlete who was disqualified in the 100m gold event for a false start and who went on to win the Men's 4x100 Relay final and set a world record at the World Athletics Championships in Daegu, South Korea on 4 September 2011.
a. Nesta Carter
b. Michael Frater
c. Yohan Blake
d. Usain Bolt
2. Which of the following Denmanrk’s golfer secured back-to-back titles for the first time in his career after winning the European Masters on 4 September 2011?
a. Thomas Bjorn
b. Martin Kaymer
c. Rory McIlroy
d. Jamie Donaldson
3. Which Indian boxer Vijender Singh won gold and also bagged the Best Boxer award at the World Police and Fire Games in New York?
a. Dinesh Kumar
b. Vijender Singh
c. Suranjoy Mayengbam
d. Vikas Krishan
4. Which of the following badminton players won the men's singles crown in the IFCI all-India ranking senior badminton championship on 5 September 2011?
a. Pranav Chopra
b. Akshay Dewalkar
c. Sai Praneeth
d. Saurabh Varma
5. Which of the following countries topped the list of medals at the World Athletics Championships in Daegu, South Korea?
a. USA
b. Kenya
c. Jamaica
d. South Africa
Answer: (d)
Answer: (a)
Answer: (b)
Aswer: (c)
Answer: (a)
Current Affairs Quiz/Questions-Answers September 2011, September 5-September 11
1. Five-day 71st International Congress of FIP (International Pharmaceutical Federation) was inaugurated by president Pratibha Patil on 4 September 2011 in which of the following cities?
a. Tokyo
b. Tehran
c. Hyderabad
d. Dhaka
2. Name the American stand-up comedian, actor, writer, singer, director, and musician chosen to host the 84th Academy Awards/ Oscars in February 2012.
a. Eddie Murphy
b. Woody Allen
c. Johnny Carson
d. Steve Martin
3. The European Union on 2 September 2011 announced a ban on oil imports from Syria. The European Union is an economic and political union of __member states.
a) 27
b) 22
c) 20
d) 16
4. India and Bangladesh Signed a Historic Protocol on Land Boundary Agreement in__.
a) Dhaka
b) New Delhi
c) Islamabad
d) Mumbai
5. India and Israel have decided to enhance cooperation in Tourism Sector. This was decided at a meeting between Stas Misezhnikov, Tourism Minister of Israel and Union Tourism Minister, held in New Delhi on 5 September 2011. Who among the following is the union tourism minister of India?
a) Manmohan Singh
b) Subodh Kant Sahai
c) Ambika Soni
d) Shivraj Patil
Answer:(c)
Answer:(a)
Answer:(a) 27
Answer:(a) Dhaka
Answer: (b) Subodh Kant Sahai
India Current Affairs Quiz/Questions-Answers September 2011, September 5-September 11
1. Union government on 3 September 2011 released a list of assets owned by Union ministers. Which of the following minister and his family topped the charts with a net worth of over Rs 263 crore?
a. Defence minister, A K Antony
b. Heavy industry minister Praful Patel
c. Urban development minister Kamal Nath
d. inance Minister Pranab Mukherjee
2. Which North-east state government on 2 September 2011 ordered an inquiry into the alleged mass graves in some areas in West Garo Hills district?
a. Meghalaya Government
b. Arunachal pradesh government
c. Nagaland Government
d. Manipur Government
3. With the help of the clues identify the person.
1. He was India’s first national tennis champion was called Grandfather of Indian tennis.
2. He represented the country at the Davis Cup between 1947- 1956 and also played in the Wimbledon and US Nationals in the pre-Open era in world tennis.
3. He went on to become the secretary of the All-India Lawn tennis Association (AILTA) in 1963-66.
4. He became the first men's singles champion when the national was split into grass and hard court championships in 1946-47 at Calcutta's South Club.
a. Yuki Bhambri
b. Purav Raja
c. Ramesh Krishnan
d. Sumant Misra
4. Union Cabinet of India approved the Land Acquisition, Relief and Rehabilitation Bill, 2011. Consider the following statements on the bill:
i) It aims to put in place a transparent and legal framework for land acquisition.
ii) According to the bill, consent of at least 80 percent of people will be mandatory to acquire land except where it is acquired for a public purpose.
Choose the right option:
a) Both i and ii are correct
b) Only i is correct
c) Only ii is correct
d) Neither i nor ii is correct
5. Which one of the following became the first state in India to offer Air taxi services?
a) Bihar
b) Madhya Pradesh
c) Kerala
d) Haryana
6. Assam government decided to have brand names for the famous Muga and Eri Silks. North-East produces around __percent of Eri.
a) 95
b) 85
c) 50
d) 75
Answer: (c)
Answer: (a)
Answer: (d)
Answer: (a) Both i and ii are correct
Answer: (b) Madhya Pradesh
Answer: (a) 95 percent
Corporate Current Affairs Quiz/Questions-Answers September 2011, September 12-September 18
1. Pipavav Defence and Offshore Engineering Ltd formed an equal joint venture with which of the following state-run docks to build submarines and warships for the Indian Navy?
a. Mazagon Dock
b. Veligonda Dock
c. West India Docks
d. East India Docks
2. Name the Hinduja group flagship company which announced the commercial launch of Dost marking its entry vehicle into the light commercial vehicle segment – priced Rs 3.79 lakh to Rs 4.39 lakh.
a. Hinduja Ventures
b. Hinduja TMT
c. Hinduja Foundries
d. Ashok Leyland
3. Which company on 13 September 2011 declared its acquisition of U.S.-based $200 million revenue networking company Force 10 Networks?
a. HP
b. Dell
c. IBM
d. HCL
4. Which of the following companies tied-up with Jain Irrigation for the launch of Project Unnati to enable adoption of ultra-high density plantation (UHDP) practice for mango cultivation?
a. Parle
b. Britania
c. PepsiCo
d. Coca-Cola India
5. Global leader and U.S.-based technology services provider Computer Sciences Corporation (CSC) on 14 September 2011 announced the acquisition of which software testing company?
a. AppLabs
b. Ampere Software
c. Access Automation
d. Arctern
Answer: (a)
Answer: (d)
Answer: (b)
Answer: (d)
Answer: (a)
Economy Current Affairs Quiz/Questions-Answers September 2011, September 12-September 18
1. Finance Ministry on 12 September 2011 relaxed the norms for foreign institutional investments (FII) in which of the following sectors by reducing the residual maturity and lock-in periods for investments in listed and unlisted bonds?
a. Infrastructure
b. Retail
c. Pharmacy
d. Textiles
2. According to official data on the Index of Industrial Production (IIP) released on 12 September 2011 by the ministry of statistics and programme implementation, industrial growth fell to its 21-month low at what per cent in July 2011?
a. 2.4%
b. 3.3 %
c. 4.1%
d. 4.3%
3. The Securities and Exchange Board of India (SEBI) approved the draft red herring prospectus (DRHP) of which of the following exchange’s initial public offering on 9 September 2011?
a. Madras Stock Exchange (MSE)
b. MCX's (Multi-Commodity Exchange)
c. Madhya Pradesh Stock Exchange
d. MCX Stock Exchange (MCX-SX)
4. Headline inflation as measured by the wholesale price index increased to what percentage in August from 9.22% in July 2011?
a. 9.78%
b. 9.83%
c. 9.91%
d. 10.2%
5. The Union Cabinet on 15 September 2011 approved whar per cent increase in the dearness allowance (DA)and relief for the Union government employees and pensioners?
a. 6.5%
b. 7%
c. 7.1%
d. 8%
Answer: (a)
Answer: (b)
Answer: (b)
Answer: (a)
Answer: (b)
Sports Current Affairs Quiz/Questions-Answers September 2011, September 12-September 18
1. India defeated which team in the penalty shoot-out in a nerve-wrecking final to clinch the inaugural Asian Champions Trophy hockey tournament on 11 September 2011?
a. New Zealand
b. Sweden
c. Pakistan
d. Holland
2. Name Red Bull’s driver who won the Italian Grand Prix on 11 August 2011.
a. Jenson Button
b. Fernando Alonso
c. Sebastian Vettel
d. Max Webber
3. Who won the gold medal in the 10000m race on the opening day of the 51st National Open Athletics Championships in the women’s category on 10 September 2011 in Kolkata?
a. Preeja Sreedharan
b. Kavita Raut
c. Bobby Aloysius
d. Prajusha Maliakkal
4. Novak Djokovic defeated whom at 2011 U S Open Men s Final at Arthur Ashe Stadium on 12 September?
a. Roger federer
b. Rafael Nadal
c. Andy Murray
d. Robin Soderling
5. Who beat Serena Williams in straight sets to win the women's title at the US Open on 12 September 2011?
a. Samantha Stosur
b. Petra Kvitova
c. Liezel Huber
d. Kveta Peschke
Answer: (c)
Answer: (c)
Answer: (a)
Answer: (b)
Answer: (a)
Current Affairs Quiz/Questions-Answers September 2011,September 12-September 18
1. According to a study published in the Oryx, a leading international scientific journal of conservation, and reported by BirdLife International, widely-available diclofenac is responsible for thye fall in population of which of the following birds?
a. Pigeons
b. Vultures
c. Crows
d. Parrots
2. An explosion occurred at the Marcoule nuclear reprocessing plant in which of the European countries on 12 September 2011 killing one person and injuring three others?
a. Italy
b. Greece
c. France
d. Portugal
3. Leila Lopes became the first woman from her country to be crowned Miss Universe on 12 September 2011 in Sau Paulo, Brazil. Which country does she belong to?
a. Ethupia
b. Angola
c. Ghana
d. Nigeria
4. The head of Libya’s National Transitional Council, Mustafa Abdul-Jalil, delivered his first public speech in the capital Tripoli on 12 September 2011. Abdul-Jalil was __ under Colonel Muammar al-Gaddafi.
a) Minister of External Affairs
b) Minister of Justice
c) Minister of Finance
d) Minister of Internal Affairs
5. India and Turkey agreed for future cooperation in coal related areas on the sidelines of __ world mining congress inaugural session held on 12 September 2011 at Istanbul.
a) 22nd
b) 24th
c) 25th
d) 26th
6. Which one of the following nations declared the Indian Mujahideen terror group as a global terrorist organization?
a) USA
b) Pakistan
c) China
d) Australia
Answer: (b)
Answer: (c)
Answer: (b)
Answer: (b) Minister of Justice
Answer: (a) 22nd
Answer: (a) USA
India Current Affairs Quiz/Questions-Answers September 2011, September 12-September 18
1. Who was appointed the sixth Chief Minister of Uttarakhand replacing Ramesh Pokhriyal Nishank who resigned on 11 September 2011 ahead of the state elections scheduled in 2012?
a. BC Khanduri
b. Narayan Dutt Tiwari
c. Bhagat Singh Koshiyari
d. Nityanand Swami
2. Which of the following institutes bagged the FICCI Excellence Award on 8 September 2011 for their contribution to the healthcare industry by innovating for increased efficiency and improved performance of health care at large?
a. Chacha Nehru Bal Chikitsalaya (Delhi)
b. Gandhi Nagar District Hospital (Gujarat)
c. Maulana Azad Institute of Dental Sciences (Delhi)
d. Ernakulam District Hospital (Kerala)
3. According to the figures given by the Tourism Ministry, what record number of foreign tourist arrived during August 2011 compared to 3.82 lakh during August 2010 and 3.70 lakh in August 2009?
a. 4.2 lakh
b. 4.5 lakh
c. 5 lakh
d. 5.1 lakh
4. Rajasthan government on 12 September 2011 launched Janani Shishu Suraksha Yojana in all the 33 districts. The UPA Chairperson Sonia Gandhi inaugurated the Janani Sishu Suraksha Yojana in Mewat district of Haryana on___.
a) 1 June 2011
b) 3 June 2011
c) 2 September 2011
d) 6 August 2011
5. Which one of the following ministries launched a scheme providing for the training of drivers under Hunar Se Rozgar Initiative.
a) The Ministry of Tourism
b) The Ministry of Coal
c) The Ministry of Home
d) The Ministry of Finance
6. The Supreme Court of India held that farmers, whose land is being acquired by the government, should be compensated not only for their land but also for the plantation on it. The Supreme Court while doing so set aside the order of the___.
a) Bombay High Court
b) Calcutta High Court
c) Madras High Court
d) Patna High Court
Answer: (a)
Answer: (c)
Answer: (a)
Answer: (a) 1 June 2011
Answer: (a) The Ministry of Tourism
Answer: (a) Bombay High Court
Corporate Current Affairs Quiz/Questions-Answers September 2011, September 19-September 25
1. Which Indian power company on 19 September 2011 entered into a Memorandum of Understanding (MoU) with America’s largest manufacturer of Light Emitting Diodes (LED)’s, Lighting Science Group (LSG) to promote energy efficiency with the use of next gen LED lighting?
a. BSES Rajdhani Power Limited
b. Indraprastha Power Generation
c. CESC Limited
d. Delhi Transco Limited
2. Which PSU topped the list by clinching five awards including the best financial performance award in Maharatna and Navaratna category among the Public Sector Enterprises in september 2011?
a. BHEL
b. ONGC
c. NTPC
d. Indian Oil
3. HALCON along with terminal operator Clarion Solutions on 20 September announced the commencement of air cargo services in which of the following airports?
a. Visakhapatnam Airport (Andhra Pradesh)
b. Safdarjung Airport (New Delhi)
c. Kochi Airport (Kochi)
d. Ojhar airport (Nashik, Maharashtra)
4. Which domestic carrier on 21 September 2011 announced the extension of its short term promotion scheme, Silver and Platinum Pass aimed at providing air travel at competitive and affordable rates?
a. Spice Jet
b. Air India
c. Air Sahara
d. Kingfisher
5. Name the brewing giant which on 22 September 2011 agreed to buy reputed beer selling company Foster's Group for price of $10.2 billion?
a. SABMiller
b. United Breweries
c. Karl Strauss Brewing Company
d. Old Dominion
Answer: (a)
Answer: (b)
Answer: (d)
Answer: (b)
Answer: (a)
Economy Current Affairs Quiz/Questions-Answers September 2011, September 19-September 25
1. Memorandum of understanding (MoU) was signed between which three bodies on 17 September 2011 in the presence of Union Finance Minister Pranab Mukherjee to provide Takeout Finance for infrastructure projects?
a. IIFCL, LIC and IDFC
b. IDBI, GIC and FICCI
c. IDFC, LIC and CCI
d. FCCI, CCI and IDBI
2. According to a report Hype cycle for green IT and sustainability in India, 2011 by leading IT research and advisory company Gartner, India's spending on green IT and sustainability initiatives will double to what amount in 2015
a. $30 billion
b. $60 billion
c. $35 billion
d. $70 billion
3. Union government on 20 September 2011 extended the terms of reference of the Nilekani task force. Which of the following facts about the task-force is/are not true?
1. The task-force was set up by the HRD under the chairmanship of Unique Identification Authority of India (UIDAI) chief Nandan Nilekani in October 2010.
2. The task force was asked to recommend and implement a solution for direct transfer of subsidies on kerosene, LPG and fertiliser to the intended beneficiaries.
3. The terms of reference of the Nilekani task force on direct transfer of subsidies. The extended terms of reference is to include an Aadhaar-enabled unified payment infrastructure.
4. The panel was asked to recommend an architecture for e-banking through inter-operable business correspondents
a. Only 4
b. 1 & 4
c. Only 1
d. 2 & 4
4. Union governemnt on 20 September 2011 lifted the ban on export of which of the following in the face of protests by onion farmers in Maharashtra and Karnataka who had held demonstrations against the ban following a dip in prices?
a. Onion
b. Basmati Rice
c. Soya Oil
d. Potato
5. Non-food credit,comprising loans to individuals,farmers and businesses rose Rs 29,598.79 crore,or 20.1%,to. What amount during the fortnight ended 9 September 2011?
a. Rs 40 lakh
b. Rs 48 lakh
c. Rs 50 lakh
d. Rs 63 Lakh
6. Coal Ministry on 21 September 2011 during the Round table conference on Coal approved, in principle, the allotment of five coal blocks to which of the following PSU power generators?
a. BHEL
b. NTPC
c. PowerGrid Corporation of India
d. Gujarat State Energy Generation
Answer: (a)
Answer: (d)
Answer: (c)
Answer: (a)
Answer: (a)
Answer: (b)
Sports Current Affairs Quiz/Questions-Answers September 2011, September 19-September 25
1. According to the latest ICC Player Rankings for ODI batsmen was released on 18 September 2011, which cricketer topped the Rankings for ODI batsmen?
a. H M Amla from South Africa
b. Sachin Tendulkar from India
c. Jonathan Trott from England
d. Kumar Sangakkara from Sri Lanka
2. Name the Sri lankan golfer who completed pole to finish victory in the Global Green Bangalore Open on 17 September 2011 thereby ending a decade-long wait for a title on Indian soil.
a. Fredrick de Saram
b. Anura Rohana
c. Mithun Perera
d. Sriram Jaywardhane
3. Which IPL franchise’s contract was terminated by Board of Control for Cricket in India (BCCI) on 19 September for non-payment of Rs 156 crore annual payment ?
a. Pune Warriors
b. Deccan Chargers
c. Kochi Tuskers
d. Rajasthan Royals
4. Which of the following Russian grandmasters won the Chess World Cup title 20 September 2011?
a. Peter Svidler
b. Alexander Grischuk
c. Vladas Mikenas
d. Nikolay Novotelnov
5. Australia under the captaincy of skipper Michael Clarke won the Test series against Sri Lanka 1-0 when the second test concluded on 20 September 2011. What is the current position of Clarke’s men in the official test rankings?
a. Second
b. Fourth
c. Fifth
d. Seventh
Answer: (a)
Answer: (b)
Answer: (c)
Answer: (a)
Answer: (b)
Current Affairs Quiz/Questions-Answers September 2011, September 19-September 25
1. India-Zimbabwe Agreed to Expedite the Ratification Process of BIPA. Zimbabwe is a nation located in___.
a) Africa
b) Europe
c) Asia
d) South America
2. India and South Africa agreed to strengthen bilateral cooperation in the MSME (micro, small and medium enterprise) sector. The total trade between the two countries in the financial year 2010-11 was__ billion US dollars.
a) 10.6
b) 10.0
c) 9.8
d) 10.8
3. The NATO agreed on 21 September 2011 to extend its mission in Libya by ___.
a) Three months
b) Four months
c) One month
d) Five months
4. Which airport operator on 8 September 2011 became the world’s first airport operator to be certified certified for ISO 50001:2011 energy management system.?
a. Beijing Capital International Airport Company Limited
b. Delhi International Airport Limited
c. Kenya Airports Authority
d. Civil Aviation Authority of Singapore
5. At the 63rd Annual Primetime Emmy Awards ceremony organised on 18 September 2011 at the Nokia Theatre in Downtown Los Angeles, which of the following won the award for the Besrt Drama?
a. Mad Men
b. Downton Abbey
c. Modern Family
d. The Daily Show
6. Former Afghan President Burhanuddin Rabbani was killed by a suicide bomber killed in Kabul on 20 September 2011. Which of the following facts about him is/are not true?
1. Rabbani who was ethnic Tajik began his career in 1971, when he became head of Jamiat-e-Islami.
2. He became president of a shaky mujahedeen coalition government in 1992 after the collapse of the country's Soviet-backed communist government.
3. Rabbani's presidency ended in 1990, with the rise of the Taliban, which was dominated by ethnic Tajiks.
4. Rabbani regained political prominence almost a decade later, when he was named head of President Hamid Karzai's peace council in October of 2010.
a. 1 & 4
b. 2 & 3
c. Only 3
d. 1 & 2
Answer: (a) Africa
Answer: (a) 10.6
Answer: (a) Three Months
Answer: (b) Delhi International Airport Limited
Answer: (a) Mad Men
Answer: (c) Only 3
India Current Affairs Quiz/Questions-Answers September 2011, September 19-September 25
1. Which one of the following became the first Indian state to launch health insurance policy covering all its people?
a) Goa
b) Haryana
c) Bihar
d) Kerala
2. West Bengal state cabinet approved the newly drafted land acquisition and resettlement bill. Consider the following features of the bill.
i) The private enterprises would have to acquire land for their projects directly from the landowners.
ii) The new policy provides that the government would acquire land only for projects of public utility like building, hospitals, irrigation projects, bridges, laying railway tracks, setting up of embankments, and projects relating to internal security.
Choose the right option:
a) Both i and ii are correct
b) Only i is correct
c) Only ii is correct
d) Neither i nor ii is correct
3. Which one of the following state governments announced free housing for Schedule Caste living in jhuggis under the Rajiv Ratna Yojana?
a) Delhi b) Tamil Nadu c) Kerala d) Uttar Pradesh
4. He was a veteran musician, musicologist and revered guru . He was known for popularising Carnatic music during his stint in All India Radio as chief producer . He died on 18 September 2011. identify him.
a. T.N. Seshagopalan
b. Semmangudi Srinivasa Iyer
c. Patnam Subramanya Iyer
d. T.K. Govinda Rao
5. A hexagonal Ayaka pillar with a square pedestal was unearthed by the Department of Archaeology of Andhra Pradesh on a mound in Munjuluru village in which of the following districts of the state in mid September 2011?
a. Krishna District b. Nellore District c. Guntur District d. Nizamabad District
6. 44th Jnanpith Award for 2008 was presented to renowned Urdu poet Professor Akhlaq Mohammad Khan Shahryar for his distinguished contribution in enriching Indian literature. He received the Sahitya Academy Award in 1987 for which of the following?
a. Ism-e-azam b. Khwab ka Dar Band Hai c. Kahin Kuchh Kam Hai d. Hijr ke mausam
Answer: (a) Goa
Answer: (a) Both i and ii are correct
Answer: (a) Delhi
Answer: (d)
Answer: (a)
Answer: (b)

1.The rate on which bank brow from the RBI is called ?
Ans : Bank Rate
2.India-ASEAN 2012 submmit to held at venue?
Ans : New Delhi
3.As we know the RBI is the apex bank of India, Similarly the apex bank of USA is called ?
Ans : Federal Reserve
4.Who has taken over as the New Chief of Armed Forces ?
Ans : V.K Singh
5. As reported in various financial newspaper the Govt.of India is planning to link the prices of diesel and petrol to market price and may also introduce a graded system of sharing subsidiary. If it is done this will be in order to implement the recommendation of which committee ?
Ans Kirit Parikh Committee

BANKING AWARENESS PRACTICE QUESTIONS REGARDING RBI POLICIES

BANKING GENERAL AWARENESS - SEVEN
Questions based on latest RBI Policy
1. In the context of monitoring for verification of end use of funds for loans sanctioned by banks, which of the following is not part of RBI guidelines on the issue :
a) meaningful scrutiny of the periodical progress reports and operating / financial statements of the borrowers;
b) regular visits to the assisted units and inspection of securities charged / hypothecated to the banks;
c) periodical scrutiny of the books of accounts of the borrowers;
d) None of the above
2. In the context of monitoring for verification of end use of funds for loans sanctioned by banks, which of the following is part of RBI guidelines on the issue:
a) introduction of stock audits depending upon the extent of exposure;
b) obtention of certificates from the borrowers that the funds have been utilized for the purposes approved.
c) examination of all aspects of diversion of funds during internal audit / inspection of the branches and at the time of periodical reviews.
d) all the above
3. A non – banking financial company with carries on the business of acquisition of shares and securities and satisfies certain conditions, is called :
a) Investment company
b) financial company
c) non – bank finance company
d) core investment company
4. A core investment company must hold not less than ____ of its net assets in the form of investment in equity shares, preference shares, bonds, debentures, debt or loans in group companies.
a) 100%
b) 90%
c) 74%
d) 60%
5. The investment made by core investment company in the equity shares (including instruments compulsorily convertible into equity shares within a period not exceeding 10 years from the date of issue) in group companies must constitute not less than ___ of its net assets :
a) 100%
b) 90%
c) 74%
d) 60%
6. A core investment company cannot invest in which of the following:
a) bank deposits,
b) money market instruments, including money market mutual funds
c) govt. securities
d) none of the above
7. A core investment company can undertake which of the following activity :
a) investment in bonds or debentures issued by group companies;
b) granting of loans to group companies
c) issuing guarantees on behalf of group companies.
d) all the above
8. A systemically important core investment company means a core investment company fulfilling the following conditions
(a) Having total assets of not less than Rs.100 crore, either individually or in aggregate along with other Core Investment Companies in the Group;
(b) Raises or holds public funds;
(c) makes investment in bank deposit or govt. securities.
a) a, b and c all
b) a and b only
c) a and c only
d) b and c only
9. In the context of system of speed Clearing which of the following is correct
(a) it leverages on Core Banking Solutions implemented in banks across the country
(b) it facilitates realization of outstation cheques drawn on CBS – enabled branches at the local centre itself
(c) it obviates the need of such cheques to physically move to the outstation centre.
a) a, b and c all
b) a and b only
c) a and c only
d) b and c only
10. Speed Clearing is enabled for cheques issued by account holders with the following transaction codes:
a) 10 (savings bank) only
b) 11 (current account) only
c) 13 (cash credit) only
d) all transaction codes, other than those relating to government cheques.
11. The extended scope of Speed Clearing became operative w.e.f:
a) Jan 01, 2011
b) Feb 01, 2011
c) Mar 01, 2011
d) Apr 01, 2011
12. As per RBI guidelines, the banks should not invest in Non-SLR securities of original maturity of less than one-year, except which of the following:
a) certificate of deposit
b) non-convertible debentures
c) commercial paper
d) all the above
13. As per extant guidelines of RBI on capital adequacy and market discipline, all the banks in India would continue to have the parallel run till __:
a) Mar 31, 2011
b) Mar 31, 2012
c) Mar 31, 2013
d) Mar 31, 2014
14. As per extant guidelines of RBI on capital adequacy and market discipline, the banks are to ensure that their Basel II minimum capital requirement continues to be higher than the prudential floor of ____ of the minimum capital requirement computed as per Basel I frame work for credit and market risks.
a) 75%
b) 80%
c) 90%
d) 100%
15. As per RBI directions, the preparation of calendar of SLBC/UTLBC meetings by convenor bank and intimation to all the concerned of the cut-off dates for submission of data and dates of meetings to be sent by which of the following dates:
a) by 15th January
b) by 31st January
c) by 15th February
d) by 28th February
16. What is the dead line for submission of data to SLBC convenor bank, by difference banks in a State:
a) one week from close of the quarter
b) 10 days from close of the quarter
c) 15 from close of the quarter
d) 4 weeks from close of the quarter
17. Convenor banks is required to ensure holding of SLBC meeting within:
a) 30 days from close of the half – year
b) 45 days from close of the half year
c) 30 days from close of the quarter
d) 45 days from close of the quarter
18. Which time limit fixed by RBI in connection with SLBC meeting is not correctly stated:
a) reminder by convenor bank to the banks regarding exact date of meeting – 15 days before end of the quarter.
b) forwarding the minutes of the SLBC meeting to all stakeholders within 10 days from holding te meeting.
c) follow up action points emerged from the meeting – within 30 days of forwarding the minutes.
d) none of the above
19. Statistics on operation of pre-paid instruments is required to be furnished to RBI by banks:
a) on monthly basis, within 7 days from close of the month
b) on monthly basis, within 10 days from close of the month
c) on quarterly basis, within 7 days from close of the quarter
d) on quarterly basis, within 10 days from close of the quarter
20. All eligible current account transactions including trade transactions with which of the following ACU country should be settled in any permitted currency outside the ACU mechanism, as per RBI directions:
a) Srilanka
b) Iran
c) Mynamar
d) Nepal
Recalled Questions Jan, 2011
21. An HUF cannot become partner in a Partnership Firm? This is as per provisions of:
a) RBI directives
b) SEBI guidelines
c) Provisions of Hindus Law
d) none of the above
22. Where a notice reading ‘Customers can also tender cheques at the counter and obtain acknowledgement on the pay-in-slips’ is to be displayed by bank branches?
a) on the counter
b) on the entry door of the branch premises
c) on the cheque drop-box itself
d) at the place where other notices have been displayed
23. Which of the following RBI guidelines on Nomination is correct?
a) on pass book, the name of nominee can be written with or without customer request.
b) On FDR, the name of nominee can be written with or without customer request.
c) on FDR and pass book the words nomination registered are to be indicated.
d) all the above
24. Simplified KYC procedure is to be followed for the accounts with balance not exceeding ________ and advisory notice is to be sent to customer when the balance exceeds:
a) Rs.50000, Rs.100000
b) Rs.50000, Rs.80000
c) Rs.40000, Rs.50000
d) Rs.50000, Rs.40000
25. Preservation period for records pertaining to identification documents obtained while opening the account is ___________
a) 10 Years after the business relationship is ended
b) 10 Years after the date of opening the account
c) 10 Years after the date of last transaction in the account
d) 10 Years
26. Loans to __________ with investments in plant and machinery upto Rs.10 cr is classifed as priority sector advance to _________.
a) food and agro-based processing units, SME
b) food and agro-based processing units, indirect agriculture
c) food and agro-based processing units, indirect SME
d) Fruit processing units, indirect agrilculture
27. As per recommendations of the _______, the allocation of 60% of the MSE advances to the micro enterprises is to be achived in 2010-11 and 2011-12 is 50%; 55%.
a) Prime Minister’s Task force
b) MSME Ministry Task Force
c) RBI Working Group
d) Ministry of Industruy Govt. of India Task Force.
28. The limit for collateral free loans is up to Rs.10 alc, is in respect of loans to which of the following category:
a) Export loans
b) Direct Agriculture Loans
c) MSME units
d) none of these
29. In case of restructure of Suit Filed accounts under CDR system, the consent of _______ % lenders by _____ consent of ____ is required?
a) 75% by value and 75% by number
b) 60% by value and 75% by number
c) 75% by value and 60% by number
d) in suit filed loans, CDR restructuring is not permitted
30. After taking possession of the immovable property, copy of the possession notice is to be published in two local newspaper not later than ____ days.
a) 7 days
b) 15 days
c) 30 days
d) no time limit
31. As per RBI directives, the collateral security on indirect agriculture loans in priority sector, is mandatoriy waived up to ________?
a) Rs.50000
b) Rs.100000
c) Rs.200000
d) Discretion of the banks
32. Cash Budget System is useful in those cases________:
a) where there is wide fluction in the level of current liabilities
b) where there is wide fluctuation in the level of fixed assets and long term liabilities.
c) where there is wide fluctuation in the level of current assets
d) all the above.
33. Which of the following group of exporters is not eligiible for interest subvention of 2% on Rupee Export Credit:
a) Jute Manufacturing including Floor covering
b) Leather and Leather Manufactures
c) Engineering Goods
d) Gems and Jewellary
34. Current Ratio is 1.25:1 I case of and 1.33:1 in case of ____ following method of lending:
a) MPBF method, cash budget method
b) MPBF method, turnover method
c) Turnover method, cash budget method
d) Turnover method, MPBF method
35. For delay, the penalty is Rs.250 per day and max Rs.25000 in respect of which and max Rs.25000 in respect of which of the following:
a) violation of RBI guidelines by a bank
b) violation of SEBI regulations by a company
c) delay in providig information under RTI Act.
d) delay in compensating a customer under Bank Ombudsman Scheme
36. Bank has to reimburse the customers within 12 day in respect of which of the folowing:
a) cancellation of demand draft on request of the purchaser.
b) wrongful payment of a cheque made from customer’s account
c) amount wrongfully debited on account of failed ATM transactions
d) all the above
37. Interest Subsidy of __ on Housing Loans is available upto the loan amount of Rs.10 lac where the cost of house does not exceed ____ :
a) 0.5%, Rs.25 lac
b) 1.0%, Rs.20 lac
c) 1.5%, Rs.15 lac
d) 2.0%, Rs.20 lac
38. Additional interest subvention of 2% for prompt payment of crop loan by farmers is available to Public Sector Banks on the condition that the effective rate of interest on such loans to farmers will be ____:
a) 5%
b) 7%
c) 8.5%
d) 9%
39. Present minimum limit for RTGS transactions is ____:
a) Rs.50000
b) Rs. 1 lac
c) Rs. 2 lac
d) Rs.5 lac
40. NEFT batches on week days and on Saturday are:
a) 11 and 5, half – hourly batches
b) 11 and 5, hourly batches
c) 11 and 5, 2-hourly batches
d) 9 and 6, 2-hourly batches
41. The cause of action has arisen on Jan 22, 2010 under Consumer Protection Act. In this case, the suit can be filed by which of the following dates;
a) Feb 21, 2010
b) Jan 21, 2011
c) Jan 21, 2012
d) Jan 22, 2013
42. What is the rate of commission on receipts relating to Govt. Business..
a) Rs.5 per Rs.100 of turnover
b) Rs.9 per Rs.100 of turnover
c) Rs.45 per transaction
d) Rs.60 per transaction
43. The ANBC represents which of the following:
a) outstanding loans within a bank as on Mar 31st
b) net bank credit + investment in non-SLR bonds in HTM category
c) net bank credit + investment in non – SLR bonds in HTM category – FCNR deposits.
d) net bank credit – export credit.
44. Subsidy in case of SGSY loans is kept in ___.
a) in an interest free fixed deposit account
b) in an interest free current account
c) in an interest free saving bank account
d) in subsidy reserve fund.
45. Maximum project cost for USEP (Women) segment projects in SJSRY is restricted to __ per borrower:
a) Rs.2 lac
b) Rs.1 lac
c) Rs. 50000
d) there is no ceiling
46. CGTMSE amount of guarantee cover for a balance of Rs.80 lakhs in case of an eligible normal borrower in other than NE states, will be:
a) Rs.55 lac
b) Rs.52.50 lac
c) Rs.37.50 lac
d) Rs.22.50 lac
47. A bill of lading mentions that certain packets of goods are not properly packed and packing is defective. This is:
a) claused bill of lading
b) clean bill of lading
c) defective bill of lading
d) stale bill of lading
48. Which f the following are presently kept at 6% by RBI:
a) CRR and Repo Rate
b) Repo Rate and Bank Rate
c) Bank Rate and CRR
d) CRR and reverse repo rate
49. Risk weightage on Consumer Credit/Credit Cards, for capital adequacy ratio purpose is:
a) 75%
b) 100%
c) 125%
d) 150 %
50. Minimum period of issue which of the following instruments is not 7 days:
a) non-convertible debenture
b) certificate of deposit
c) commercial paper
d) bank FDR
51. Bank-A purchased an NPA account from Bank-B. Now Bank-A wants to sell this account to Bank-C. Bank-B can do so after:
a) 15 months
b) 15 months from date of account becoming NPA with Bank-B
c) 15 months after 1st 90 days, when the Bank –B classifies the account in standard category immediately on its purchase.
d) 15 months from date of purchase of account from Bank-A.
52. Which of the following loan is exempted from application of Base Rate:
a) loan given as export credit
b) loan given by a consortium of banks
c) loan given for direct agriculture purpose
d) none of the above
53. As per provisions of which of the folllowing, the nominated bank gets a period of ___ days to verify the documents drawn drawn under a documentary credit:
a) RBI guidelines, 7 banking days
b) FEDAI rules, 5 banking days
c) UCPDC, 5 calendar days
d) none of these is correct
54. Which of the following is not a Financial Sector reform:
a) introduction of NPA guidelines
b) introduction of obtaining photograph of customers
c) application of asset liability management rules
d) none of the above
55. Which of the following is not correct regarding Safe Deposit Lockers guidelines of RBI:
a) branches are to maintain a waitlist for allotment of lockers that should be transparent
b) all locker allotment applications should be ackowledged
c) all locker allotment applications should be given a wait list number
d) bank can provide detailed terms and conditions of locker allotment to the customer but should not provide copy of the agreement regarding operation of locker.
56. Which of the following banking facility cannot be offered to visually challlenged persons (blind persons):
a) cheque book facility, net banking and ATM facility
b) Lockers
c) retail loans, credit card
d) none of these
57. Which of the following activity cannot be undertaken by Business Correspondents
a) disbursement of small value loans
b) collection of small value deposit
c) recovery of principal and interest
d) collection of transaction fee from customer
58. Interest subsidy on Housing Loans allowed to:
a) weaker section borrowers only
b) middle and low income groups
c) only low income group borrowers
d) all housing loan borrowers
59. TDS is deductible on which of the following account:
a) all type of term deposit accounts including recurring deposit
b) all saving bank accounts
c) all NRO accounts including saving bank, where of the above
d) none of the above.
60. Details of unimplemented awards of Ombudsman scheme pending for more than 3 months, are to be placed by the banks to which of the following:
a) Dy. Governor RBI
b) CMD/ED/CEO of the bank
c) Customer Service Committee of Board
d) Board of Directors of the bank
61. W.e.f. Jan 24, 2011, the official timing for opration of Centralised Funds Management System for Monday to Friday is:
a) 11 am to 4.30 pm
b) 11 am to 5.00 pm
c) 10 am to 4.30 pm
d) 10 am to 5.00 pm
62. W.e.f. Jan 24, 2011, the official timing for operation of Centralised Funds Management System for Saturday is:
a) 11 am to 2.30 pm
b) 11 am to 3.00 pm
c) 10 am to 2.30 pm
d) 10 am to 3.00 pm
63. W.e.f. 1.4.2011, the processing/service charges for local clearing (by clearing house from member banks) for clearing at MICR-CPCs for presenting bank and drawee bank are as under:
a) Rs.1 and Rs.1
b) Rs.1 and Rs.1.50
c) Rs.1.50 and Rs.1
d) Rs.1.50 and Rs.1.50
64. W.e.f. 1.4.2011, the processing/service charges for local clearing (by clearing house from member banks) for clearing at cheque truncation, for presenting bank and drawee bank are as under:
a) 100 p and 75 p
b) 75 p and 75 p
c) 50 p and 100 p
d) 75 p and 50 p
65. W.e.f. 1.4.2011, the outstation cheque collection charges have been revised by RBI. Which of the following is not corect in the revision:
a) up to Rs.5000 – Rs.25
b) Rs.5001 to Rs.10000-Rs.50
c) Rs.10001 to Rs.1 lac – Rs.100
d) none of the above
66. The charges for collection of outstation cheques as revised by RBI wef 1.04.2011 for cheques of above Rs.1 lac as under:
a) Rs.100
b) Rs.150
c) 200
d) at discretion of bank
67. Service charges for cheque collection under speed clearing from customer by banks, wef 1.4.2011 for cheques up to Rs.1 lac are as under:
a) Rs.100
b) Rs.150
c) Rs.200
d) nil
68. Service charges for cheque collection under speed clearing from customer by banks, wef 1.4.2011 for cheques above Rs.1 lac are as under:
a) Rs.150
b) Rs.200
c) Rs.250
d) at discretion of the bank
69. RBI Sub-Committee of its Central Board of Directors to study Issues and concerns in the micro finance institutions (MFI) Sector, which submitted its report in Jan 2011, was headed by Sh. __:
a) Dr. Chakravarty
b) YH Malegam
c) Deepak Mohanty
d) VK Sharma
70. An accounting software developed for running in computer may be written in which of the programming languages:
a) COBOL b) FOXPRO c) UNIX d) all of these
ANSWERS –GENERAL AWARENESS 2011 SEVEN
1.d 2.d 3.d 4.b 5.d 6.d 7.d 8.b 9.a 10.d 11.b 12.d 13.c 14.b 15.a 16.c 17.d 18.d 19.a 20.b
21.d 22.c 23.c 24.d 25.a 26.b 27.a 28.d 29.c 30.d 31.d 32.c 33.d 34.d 35.c 36.c 37.b 38.a 39.c
40.b 41.c 42.c 43.b 44.d 45.a 46.b 47.a 48.c 49.c 50.a 51.d 52.d 53.d 54.b 55.d 56.d 57.d 58.b
59.c 60.c 61.d 62.d 63.b 64.c 65.d 66.d 67.d 68.d 69.b 70. d

current g.k

Corporate Current Affairs Quiz/Questions-Answers October 2011, September 26- October 2
1. The consortium of Singapore's PSA and the ABG group in India was awarded a contract worth Rs 6,700 crore by which of the following port trusts in India in September 2011?
a. Jawaharlal Nehru Port Trust
b. Mumbai Port Trust
c. New Mangalore Port Trust
d. Kolkata Port Trust
Answer: (a)
2. Which automaker on 27 September 2011 introduced Brio Hatchback, its second hatchback and cheapest car yet in India?
a. Toyota
b. Honda
c. Hyundai
d. Maruti Suzuki
Answer: (b)
3. Which Indian PSU bank in tune with its plans to expand its retail division in the UK entered the mortgage market in the country for the first time?
a. Punjab National Bank
b. Oriental Bank of Commerce
c. State bank of India
d. Indian Overseas Bank
Answer: (c)
4. Name the chairman and managing director of Madison World, who was unanimously elected as chairman of the Audit Bureau of Circulations (ABC), the body that monitors sales of publications, for the year 2011-12.
a. T Venkattram Reddy
b. Aritra Sarkar
c. Madhukar Kamath
d. Sam Balsara
Answer: (d)
5. Which company declared on 29 September 2011 that it entered into an agreement with Nokia Siemens Networks (NSN) to expand its 2G (GSM/EDGE) networks and deploy 3G networks in seven African countries?
a. Essar
b. Idea Cellular
c. Bharti Airtel
d. Unitech
Answer: (c)
Economy Current Affairs Quiz/Questions-Answers October 2011, September 26-October 2
Article Category: Economy Quizzes, Current Affairs Quizzes, Current Affairs Prep
1. Union Government on 26 September 2011 announced the reconstitution of the National Manufacturing Competitiveness Council (NMCC) under whose chairmanship to energise and sustain the growth of manufacturing industries and help in the implementation of strategies by the government?
a. V. Krishnamurthy
b. Pranab Mukherjee
c. U K Sinha
d. Dr D Subbarao
Answer: (a)
2. According to the report by Crisil Research, companies are likely to post a revenue growth of what per cent in the July-September quarter of 2011 as compared to 19 per cent in April-June quarter and 22 per cent in July-September quarter of 2010?
a. 10%
b. 13.2%
c. 15%
d. 17.1%
Answer: (c)
3. Government panel headed by Planning Commission member Arun Maira in its report presented on 27 September 2011 suggested giving more powers to which of the following bodies with respect to mergers and acquisitions in the pharmaceutical sector?
a. Competition Commission of India
b. Finance Ministry
c. Reserve Bank of India
d. Federation of Indian Chambers of Commerce and Industry
Answer: (a)
4. As per the provisional data released by the the Commerce Ministry on 27 September 2011, the eight core infrastructure industries registered an output growth of what per cent in August 2011 lower than the 4.4 per cent growth witnessed in the corresponding period in 2010
a. 4%
b. 3%
c. 3.5%
d. 2.2%
Answer: (c)
5. The finance ministry on 27 September 2011 released the draft national public-private partnership (PPP) policy. Which of the following facts given below in this regard are not true/
1. PPP is aimed at creating a framework for implementing infrastructure projects across sectors.
2. It addresses the issues concerning definition of various terms and also processes so that a clear and consistent position can be adopted by stake holders, including centre, states and private investors.
3. The policy was designed to ensure that a value-for-money rationale is adopted with optimal risk allocation in project structuring with life cycle approach.
4. The government is envisaging an investment of USD 7 trillion in infrastructure sector during the 12th Five-Year Plan (2012-17), up from USD 700 million in the current Plan
a. 1 & 2
b. Only 4
c. 1 & 3
d. Only 3
Answer: (b)
Sports Current Affairs Quiz/Questions-Answers October 2011, September 26- October 2
Article Category: Current Affairs Quizzes, Sports Quizzes, Current Affairs Prep
1. Which Formula One Driver won the Singapore Formula One Grand Prix on the Marina Bay City Circuit in Singapore on 25 September 2011?
a. Sebastian Vettel (Red Bull)
b. Jenson Button (McLaren-Mercedes)
c. Lewis Hamilton (GBR/McLaren-Mercedes)
d. Fernando Alonso (Ferrari)
Answer: (a)
2. Name the Kenyan athlete who on 25 September 2011 shattered the world men's marathon record by 21 seconds when he clocked two hours three minutes 38 seconds in Berlin course?
a. Japheth Kimutai
b. Reuben Kosgei
c. Patrick Makau
d. Musa Amer Obaid
Answer: (c)
3. Chen Long claimed his second title in two weeks on 25 September 2011 when he shocked World No. 1 Lee Chong Wei to win the men's singles badminton title at which of the following championships?
a. Indonesian Open
b. China Open
c. Japan Open
d. Indian Open
Answer: (c)
4. Name the Indian who settled for a silver after being defeated by China’s Cheng Ming 5-6 in the tie-breaker of the women’s individual recurve summit clash at the World Cup archery finals in Istanbul on 25 September 2011.
a. Deepika Kumari
b. Bombayala Devi Laishram
c. Dola Banerjee
d. Chekrovolu Swuro
Answer: (a)
5. The Indian kabaddi team lifted its first-ever Circle Style Asian kabaddi title by defeating which team at Tabriz in Iran on 27 September 2011?
a. Phillipines
b. Japan
c. Pakistan
d. Iran
Answer: (c)
Current Affairs Quiz/Questions-Answers October 2011, September 26-October 2
1. India and Nepal on 22 September 2011 resumed security dialogue after a gap of __ Years.
a) Four
b) Three
c) Two
d) Five
Answer: (a) Four
2. With which one of the following countries India agreed to allow the entry of law firms?
a) United Kingdom
b) USA
c) China
d) Pakistan
Answer: (a) United Kingdom
3. India and Myanmar on 27 September 2011 agreed to set 3 billion US dollars as trade target which is to be achieved by 2015. At present, the bilateral trade between India and Pakistan is __ billion dollars.
a) 1.7
b) 1.5
c) 2.3
d) 2.5
Answer: (b) 1.5
4. Wangari Maathai an environmentalist & first African woman to win a Nobel Peace Prize died on 25 September 2011 in Nairobi. Which African country did she belong to?
a. Ghana
b. Kenya
c. Euthopia
d. South Africa
Answer: (b)
5. World Tourism Day (WTD) is observed anually on 27 September. What was the theme for WTD 2011?
a. Tourism – Linking Cultures
b. Tourism & Biodiversity
c. Tourism opens doors for women
d. Sport and tourism
Answer: (a)
India Current Affairs Quiz/Questions-Answers October 2011, September 26-October 2
1. A fresh offering on the lives of 20 great personalities titled Of a Certain Age: Twenty Life Sketches penned by former West Bengal governor was released by Penguin Books India in New Delhi on 26 September 2011. Name the writer.
a. M.K. Narayanan
b. Gopalkrishna Gandhi
c. Akhlaqur Rahman Kidwai
d. Saiyid Nurul Hasan
Answer: (b)
2. Shaurya, was test-fired from Chandipur-on-sea off the Orissa coast on 24 September 2011. Which of the following facts about the missile is/are not true?
1. Shaurya is a nuclear-capable surface-to-surface medium range missile.
2. Land version of the underwater-launched missile K-15, it is 10 metre in length and about half-a-metre in width. It uses solid fuel that gives it a longer service-life and shorter launch time compared to the missiles which use liquid fuel.
3. The high maneuverability of the missile makes it less vulnerable to available anti-missile defence systems.
4. The last test of Shaurya was conducted in 10 November 2005.
a. Only 1
b. Only 4
c. 2 & 3
d. 1 & 2
Answer: (b)
3. Surface to surface strategic PRITHVI (P-II) Missile developed by DRDO was successfully flight tested at on 26 September 2011. Which of the following facts about the missile are not true?
1. PRITHVI (P-II) Missile developed by DRDO was successfully flight tested from Launch Complex-III, ITR, Chandipur, Balasore District in Orissa & the launch operations were carried out by the Armed Forces.
2. PRITHVI-II is the first indigenous surface to surface strategic Missile.
3. The surface-to-surface missile has a range of 350km and can carry a warhead weighing up to 500kg.
4. It is capable of hitting targets at ranges of 530 kms.
a. Only 4
b. 1 & 3
c. Only 3
d. Only 2
Answer: (a)
4. Uttar Pradesh government announced the creation of three more districts. What is the total number of districts in the state now?
a) 75 b) 72 c) 73 d) 71
Answer: (a) 75
5. National Commission for Safai Karamcharis presented its __Annual report to Government on 28 September 2011.
a) 10소 b) 9소 c) 8소 d) 7소 Answer: (a) 10th
India Current Affairs Quiz/Questions-Answers October 2011, October 3-October 9
1. Delhi state government on 8 October 2011, launched Micro Finance project for women. Consider the following statements:
i) The project aims at providing financial support to over one lakh vulnerable women in New Delhi.
ii) The project will be implemented by the Samajik Suvidha Sangam in collaboration with Delhi chapter of SEWA.
Choose the right option:
a) Both i and ii are correct.
b) Only i is correct.
c) Only ii is correct.
d) Neither i nor ii is correct.
Answer: (a) Both i and ii are correct
2. Goa State Assembly Unanimously Passed Goa Lokayukta Bill 2011. The bill is a modified version of Goa Lakayukta Bill 2003.
a. 2002
b. 2004
c. 2001
d. 2003
Answer: (d) 2003
3. Which one of the following launched the social auditing programme of gram Panchayats?
a) Goa
b) Assam
c) UP
d) Bihar
Answer: (b) Assam
4. The largest ever water supply scheme in Himachal Pradesh was inaugurated in __ district.
a) Kangra
b) Kullu
c) Kinnaur
d) Sirmaur
Answer: (a) Kangra
5. The Supreme Court on 1 September 2011 ordered Delhi’s private hospitals to provide free treatment to the poor. The bench asked the city hospitals to reserve __ percent of their out-patient department capacity and__ percent of beds at the indoor level for free treatment of the poor.
a) 25; 10
b) 35; 20
c) 10; 25
d) 25; 25
Answer: (a) 25; 10
Current Affairs Quiz/Questions-Answers October 2011, October 3-October 9
1. India and Iran agreed to set up a mechanism for payment of crude oil. Consider the following statements:
i) Iran is second only to Saudi Arabia as an oil supplier to India.
ii) India is Iran’s second biggest crude buyer after China.
Choose the right option:
a) Both i and ii are correct.
b) Only i is correct.
c) Only ii is correct.
d) Neither i nor ii is correct.
Answer: (a) Both i and ii are correct
2. Which one of the following countries issued a worldwide alert to its citizens in the wake of the killing of key al-Qaeda leader Anwar al-Awlaki?
a) USA
b) India
c) China
d) Yemen
Answer: (a) USA
3. How many agreements were signed between India and Afghanistan during the visit of Afghan President Hamid Karzai to India on 4-5 October 2011?
a) Two
b) Five
c) Three
d) Six
Answer : (c) Three
4. Nobel peace prize winner and environmentalist Wangari Maathai died on 25 September 2011. She won the Nobel peace prize in___.
a) 2004
b) 2005
c) 2003
d) 2007
Answer: (a) 2004
5. South Sudan recently chose __ as its official language.
a) French
b) Arabic
c) English
d) Spanish
Answer: (c) English

BANKING AWARENESS PRACTICE QUESTIONS

1. Which of the following statements is true?
a) The licence to open branches of bank is granted by Board of Directors of that Bank
b) There is no need of licenses to open branch of a bank
c) A licence to open a branch is issued by the Central Government
d) A licence to open a branch is issued by the Reserve Bank of India under the provisions of Banking Regulation Act, 1949
2. The important condition for granting licence of banking companies is?
a) Banking company need not plan to pay for future depositors
b) Banking company can plan for its capital structure once the licence is granted
c) The business undertaken by the banking company should not frustrate the interest of public
d) The banking company can undertake business other than banking with the permission of annual general body
3. Who of the following is not a party to the IPO?
a) Registrar of Issue
b) Investment Banker
c) Advertisement Agency
d) Registrar of Companies
4. Which of the following is not shown as an asset in the balance sheet of a Bank?
a) Investments
b) Advances
c) Cash Balances with other banks
d) Borrowings
5. The credit policy of a bank does not consists of?
a) Lending policies
b) Quality control
c) Loan product mix
d) Advertising of loan products
6. Which of the following is a function of the agent bank relating to flow of money in the process of loan syndication?
a) Receiving notices relating to cancellation of any part of the loan
b) Calling of loans in the event of default
c) Receiving the fee from the borrower and distributing among the participating banks
d) Receiving notices relating to transfers of banks
7. Which of the following is the parameter to recognize the SSI unit as sick unit?
a) The erosion in the net-worth due to accumulated losses is up to 25% of its net worth during the previous account year
b) The erosion in the net-worth due to accumulated losses is up to 50% of its net worth during the previous account year.
c) The unit should have been in commercial production for at least five years
d) Lack of updations in technological development
8. Which of the following is not the service provided by the Small Industries Service Institute?
a) Providing entrepreneurship development programs
b) Developmental efforts
c) Export promotion and liaison activities
d) Financial support
9. Service Area Approach (SAA) is associated with?
a) Rural and Semi-urban branches of commercial banks
b) Urban branches of commercial banks
c) Branches of commercial banks situated in metro cities
d) Development banks
10. Which of the following cannot be securitized?
a) Future rentals of a fishing boat
b) Hire purchase receivables
c) Demand drafts received by the banker during clearing
d) Future billings for an airline
11. Which of the following statements is true?
a) The special purpose vehicle (SPV) purchases the assets from the borrower directly during the securitization
b) The originator and obligor are the same persons in securitization process
c) Administrator collects the payments due from the obligor and passes it to the SPV and follows with defaulters
d) Mortgage based securitization provides high yields to the investor
12. The important feature of an anticipatory letter of credit is that?
a) The letter of credit can be used as back- to- back letters of credit
b) The beneficiary under the letter of credit may receive payment even at the pre-shipment stage
c) The beneficiary under the letter of credit may receive payment even at the post-shipment stage
d) The cash advance is not permitted against such letter of credits
13. The Shipping guarantee is a?
a) Type of a letter of credit
b) Guarantee issued by the ship captain to the purchaser
c) Guarantee issued to the borrower towards the loan granted by the shipping company
d) Deferred payment guarantee issued by a banker at the request of the consignee when the documents are not received and goods are received, for facilitating the delivery of goods.
14. Which of the following statements is true?
a) The charge card is a credit instrument
b) Under this facility the cardholders need to pay amount within ten installments
c) Cardholder has to pay the 100% of the purchase amount within 30 days of purchase
d) The charge card shall have revolving credit
15. Which of the following is not augmented feature of a credit card?
a) Personal accident insurance
b) Cash withdrawals
c) Add-on facility
d) Issue of deferred guarantee
16. Which of the following is the disadvantage of going for public issue?
a) Liquidity to existing shares
b) Increase in visibility and reputation to the company
c) Better pricing and placement with new investors
d) Need to make continuous disclosures
17. Which of the following is not a criterion to select the Investment Bankers?
a) No professional memberships or incorporations are required
b) General reputation in the market
c) Good rapport with market intermediaries
d) Distribution net work of the organization
18. Which of the following is not an asset of a bank?
a) Notes and small coins
b) Overdue recurring deposits
c) Short term loans
d) Staff advances
19. The banking company has restriction to sanction loan to?
a) Directors of the bank
b) Staff working in the bank
c) Students going abroad
d) Professionals
20. Which of the following is a non-depository institution?
a) Credit unions
b) Commercial banks
c) Mutual funds
d) Regional rural banks
21. The disadvantage associated with leasing company is?
a) Low costs
b) Flexibility in payments
c) Eliminates the risk of obsolescence
d) High competitions because of entry to all financial institutions
22. Which of the following theory is associated with the financial system in the economic growth?
a) Retributive theory
b) Reformative theory
c) Financial repression theory
d) Jurisdictional theory
23.Which of the following is not a financial intermediary in the financial markets?
a) Pension funds
b) Credit unions
c) Life insurance companies
d) Small scale service institute.
24 Which of the following is not a function of a commercial bank?
a) Registration of charges and mortgages
b) Transactions services
c) Asset transaction
d) Real-time Gross Settlement
25. Which of the following is one of the three pillars of new Basel Capital Award?
a) Market competitions
b) Market rapport
c) Market discipline
d) International market relations
26. The interest in savings bank accounts of a bank is calculated on?
a) Minimum amount of balance that is maintained in the account in between 10th and the last day of month
b) Maximum amount of balance that is maintained in the account in between 10th and the last of month
c) Minimum amount of balance that is maintained in the account in between 1st and the last day of month
d) Maximum amount of balance that is maintained in the account in between 1st and the last of month
27. The credit policy of a bank does not deal with?
a) Credit risk management
b) Documentation standards
c) Review and renewal of advances
d) Outstanding balances in deposit accounts
28. Issuing credit cards is a component of ?
a) Corporate banking
b) Rural banking
c) Retail banking
d) Micro finance
29. The origin of bank instruments can be traced to?
a) The priests and worship places of public deposits
b) Goldsmith receipts
c) Bonds issued by the British Government in India
d) Bank notes issued by Bank of Venice
30. Which of the following is not the function of commercial banks?
a) Providing transaction services
b) Intermediation in financial services
c) Providing transformation services
d) Regulating the issue of bank notes.
31 Which of the following is the most important challenge before the commercial bank?
a) Maintenance of foreign currency
b) Evaluating the need of the customers
c) Maintenance of SLR and CRR
d) Meet the technological revolution
32. The asset's side of balance sheet consists of ?
a) Cash balances with other banks
b) Fixed deposits of customers
c) Savings deposits
d) Recurring deposits
33. Which of the following is an income for a bank?
a) Depreciation on bank's property
b) Interest on inter bank borrowings
c) Profit on revaluation of investments
d) Provisions made on account of write-offs
34. Saving Bank Account can be opened in the name of ?
a) State text book printing corporations
b) District level housing cooperative societies
c) Communist Party of India
d) Aravind Samuel, Anurag Deepak and Amarish Sugandhi Jointly
35. The interest on recurring deposit is paid on the basis of ?
a) Simple interest calculated monthly basis
b) Simple interest on monthly products basis
c) Quarterly compounding
d) Interest calculated on daily products basis
36. Which of the following statements is true?
i. Term deposits are non-transaction deposits
ii. Cheques can be issued on short-term deposits
iii. All term deposits are interest bearing deposits
a) (i) only
b) (ii) only
c) (iii) only
d) (i) and (iii)
37. The credit policy laid down by the top management of a bank does not deal with?
a) Credit risk management
b) Pricing of the credit products
c) Appraisal of time and demand deposits
d) Documentation standards.
38. Which of the following factors is not required to be considered to analyze the repayment capacity of a borrower?
a) Working capital management
b) Personal educational qualifications
c) Financial leverage
d) Interest rate risk management
39. Which of the following is a facilitating service of core loan products of retail banking services?
a) Current or savings accounts
b) Legal services for documentation
c) Delivery of loan at promised time period
d) Flexibility in prepayment of loan
40. Which of the following is an most important advantage of retail banking on the resource side?
a) Consumer loans are low risk products
b) Innovative product development and disbursal
c) Increases the subsidiary business of a bank
d) Requires less efforts to market retail loan products
41. Lenders may not provide trade-offs to the borrowers on the basic term of consumer installment credit relating to?
a) Interest rate
b) Maturity of the loan
c) Maturity of the deposit
d) Quantum of finance
42. Which of the following is the risk associated with the retail banking?
a) Strong recovery strategy
b) Definite lending limits
c) Effective credit process and proposals
d) Inadequate risk pricing
43 The advantage of consortium finance is?
i. Speedy transactions and individual approach
ii. Involvement of huge amounts
iii. Use of expertise of all the banks
a) (i) only
b) (ii) only
c) (iii) only
d) (i), (ii) and (iii)
44 Which of the following is not a function of the agent bank in loan syndication?
a) Ensuring the compliance of conditions precedent under the loan agreement
b) Determining the LIBOR interest rate for each interest rate
c) Planning for future syndication of loans
d) Receiving notices relating to cancellation of any part of the loan
45. Which of the following is not a phase/step in the formation of loan syndication?
a) Finalization of supply agreement
b) Identify the needs of the borrower
c) Preparation of information memorandum
d) Invite other banks to participate
46. Which of the following statements is true?
a) SSI is an undertaking in which the investments in fixed assets in plant and machinery does not exceed one million
b) Small and medium enterprises both in size and shape are not homogenous in nature
c) The small and medium enterprises contribution towards the GDP is nominal
d) Small and medium enterprises do not support the large industries.
47. The Nayak Committee has suggested the turnover method for assessing the working capital and pegged it at?
a) 15% of the projected annual turnover, as working capital limit
b) 20% of the projected annual turnover, as working capital limit
c) 25% of the projected annual turnover, as working capital limit
d) 30% of the projected annual turnover, as working capital limit
48. Which of the following is not a part of the rehabilitation package granted for revival of sick industry?
a) Waiver of penal interests
b) Funding by sanctioning of term loans towards the unpaid installments of loans
c) Grant of additional working capital loans
d) Not demanding the promoters contribution towards the rehabilitation package
49. Service Area Approach is associated with?
a) Industrial finance
b) Microfinance
c) Rural finance
d) Consortium finance
50. Which of the following resources cannot be securitized?
a) Credit balances outstanding in cash credit accounts
b) Credit Card receivables
c) Hire purchase receivable
d) Mortgage in lieu of future payments
51. Which of the following is a type of anticipatory letter of credit?
a) Green clause letter of credit
b) Yellow clause letter of credit
c) Back to back letters of credit
d) Revolving letter of credit
52. Performance guarantee is issued?
a) In lieu of earnest money
b) In lieu of retention money
c) In lieu of indemnity bonds
d) For successful competition of Turnkey projects
53. Which of the following is not a transfer of funds by using the electronic media?
a) Mail transfer of funds
b) Telegraphic transfer of funds
c) Electronic credit transfers
d) Electronic clearing transfers
54. Which of the following is not an augmenting feature of credit cards?
a) Personal accident insurance
b) Cash withdrawal facility
c) Add-On facility
d) Automatic recovery of interest on term loans
55 Which of the following is a disadvantage of going public issue?
a) Provides liquidity to existing shares
b) Commands better pricing than placement with few investors
c) Increased regulatory norms
d) Enables valuation of the company
56 Which of the following is not a reason for regulating the banking operations?
a) Banks hold a major portion of the public savings
b) Banks intermediate between the savings and investments
c) Banks hold a large part of the money supply
d) Banks earn profit from non-fund services
57. Which of the following statements is true?
a) Resave Bank of India empowers the banks to open branches according to their will and pleasure
b) Reserve Bank of India is a central bank which monitors only lending activities pertaining to export credit
c) Banks have authority to establish the ATMs at their convenience
d) Rural banks of commercial banks do not have freedom to issue credit cards
58. When the customer withdraws cash from ATM, the banker and customer relation ship is?
a) Debtor and Creditor
b) Creditor and Debtor
c) Lessor and Lessee
d) Agent and principal
59. Which of the following is a public sector Bank?
a) IDBI
b) ICICI
c) AXIS
d) HDFC
60. Trade control in India is regulated by?
a) RBI
b) SEBI
c) EXIM Bank
d) DGFT
61 Which of the following businesses is prohibited as per Sec 8 of B.R Act 1949?
a) Executing the trusts
b) Leasing
c) Retail trading
d) Underwriting
62. Which of the following is not one of the essential elements of internal audit?
a) Totality
b) Expertise
c) Independence
d) Subjectivity
63. The letter of credit, which facilitates the exporter to get pre- shipment finance (from the stage of purchase of raw material until the warehousing of the finished goods) from advising bank is called?
a) Red Clause LC
b) Lines of credit
c) Packing credit loan
d) Green Clause LC
64. A term loan is classified as a non-performing asset, if interest or installment is overdue for period exceeding how many days?
a) 90
b) 91
c) 180
d) 182
65. Which of the following is an interest bearing demand deposit?
a) Time Deposit
b) Re-investment deposits
c) Cash Certificates
d) Savings Bank account
66. Debt Recovery Tribunals accept petitions from Banks and financial institutions, only when the amount of suit is for Rs?
a) 1 00 000 and above
b) 5 00 000 and above
c) 7 50 000 and above
d) 10 00 000 and above
67. An endorsement is deemed as an instruction to?
a) Collecting Bank
b) Paying Bank
c) Drawer
d) Payee
68. Ideal Credit deposit ratio for a bank is?
a) 60%
b) 40%
c) 90%
d) 30%
69. The rate at which RBI rediscounts the bills of commercial banks is called as?
a) Bank Rate
b) Prime Lending rate
c) Repo rate
d) BPLR
70. Which of the following is not one of the RBI directives on clean note policy?
a) Currency note packets are not to be stapled and secured with paper bands
b) Soiled notes are to be stapled before they are remitted to Currency Chest.
c) Water mark window of bank notes shall not contain any writings
d) Currency notes are to be sorted in to Issuable and non-issuable notes.
71. Which of the following committees are related to 'Micro financing'?
a) Nayak Committee
b) Tandon committee
c) Vyas Committee
d) Narasimham committee
72. The relation ship between RBI and the Bank maintaining the currency chest is that of?
a) Debtor and Creditor
b) Principal and Agent
c) Bailor and Bailee
d) Creditor and Debtor
73. Normally, the number of members in a self Help Group shall not exceed?
a) 10
b) 20
c) 50
d) 15
74. Short fall in fulfilling the targets of Priority sector and agricultural finance by domestic commercial banks shall be deposited with/in?
a) RIDF
b) SIDBI
c) RBI
d) IDBI
75. The maturity value of a Recurring deposit with a monthly contribution of Rs 500 kept for a period of 12 months, at 9% interest rate compounded quarterly would be Rs.?
a) 6, 265
b) 6, 625
c) 7, 255
d) 7, 555
76. Which of the following is not an imperfect note?
a) Washed note
b) Bleached note
c) Mutilated note
d) Oiled note
77. Credit rating helps in measuring the credit risk and facilitates?
a) Considering higher credit limits
b) Making loan provisioning at an early stage
c) Accurately calculate the probable loan losses
d) Pricing of a loan
78. The Reverse Repo has the following characteristic?
a) Borrowing by RBI from banks
b) Borrowing with government security as collateral
c) Short term borrowing
d) All of these
79. Under the Nayak Committee recommendations, the quantum of working capital limits from the bank is minimum percentage of the projected annual sales?
a) 5%
b) 15%
c) 20%
d) 25%
80. Banks insist on providing finance for those projects or activities only which they consider to be viable. What is meant by viability of project?
a) Capacity to generate cash, adequate to service debt and surplus for borrower's personal requirement.
b) Generation of cash to meet debt liability
c) Generation of profits.
d) Generation of gross profits
81. Letter of negative lien obtained from borrower by a bank contains?
a) An undertaking that the property mortgaged to the bank is his own
b) A confirmation that the borrower had earlier deposited title deeds to create mortgage on the property.
c) An undertaking not to create any encumbrance/lien on the property which he owns but not yet mortgaged to the bank
d) A declaration that he is the joint owner of the property furnishing the details of his share and valuation thereof.
82. Which of the following statement is CORRECT?
a) Consortium advances to be treated as NPA on the basis of recovery by individual banks
b) If one facility of a borrower is treated as NPA other facilities to him also to be treated as NPA even if there are no irregularities in that account.
c) Consortium must be formed if the total exposure of fund based limit exceeds Rs 100 crore.
d) Both (a) and (b)
83. If an IPO is under-priced, which of the following can be considered as consequences/implications of the same?
I. The company looses the opportunity to raise more funds
II. Under pricing would give less returns to the investor
III. Under pricing results in lower net worth on an increased equity.
a) Only (II) above
b) Only (III) above
c) Both (I) and (III) above
d) Both (II) and (III) above all.
84. Corporate Bank files suit for recovery of its loan against the guarantor only and not the borrower. Guarantor pleads in the court that before filing suit against him, money should be recovered from the borrower. In such circumstances, the bank can seek recourse in the court against?
a) All the liable parties together only
b) Any one of them at a time
c) All separately
d) At its discretion it can proceed against any one
85. A letter of credit (LC) wherein the credit available to the customer gets reinstated after the bill is paid is known as?
a) Back to back LC
b) Red clause LC
c) Back to front LC
d) Revolving LC
86. Regional Rural Banks are?
a) Private Sector scheduled commercial banks
b) Cooperative banks
c) Foreign banks
d) Public sector scheduled commercial banks
87. Large corporate customers demand?
a) Short term products from their banks irrespective of the cost at their times of need.
b) Increasingly sophisticated products from their banks at the lowest possible cost.
c) Disintegrated financial products from their banks at the lowest possible cost.
d) Basic banking products from their banks but with speed and efficiency.
88. Funded Services under corporate banking does not include?
a) Working Capital Finance
b) Bill Discounting
c) Export Credit
d) Letters of Credit
89. Which of the following is not directly involved in rural lending?
a) Cooperatives
b) RRBs
c) Commercial banks
d) SIDBI
90. PACSs provide?
a) Mainly long term credit
b) Mainly short term credit
c) Both long term and short term credit
d) Do not provide any credit
91. The purpose of which is to make credit of available to essential sectors of the economy according to national priorities?
a) Selective Credit Control (SCC)
b) Maintenance of cash reserve
c) Reserve fund
d) Comprehensive Credit Control
92. The system of note issue followed by the RBI is?
a) Proportional reserve system
b) Minimum reserve system
c) Minimum fiduciary system
d) Maximum fiduciary system
93. The rate at which the Reserve Bank of India lends to the commercial banks in very short term against the backing of the Government securities is known as?
a) Bank rate
b) Repo rate
c) Reverse Repo
d) Discount rate
94. Scheduled banks are those?
a) Includued in the 2nd schedule of the Banking Regulation Act-1949
b) Includued in the 2nd schedule of the Companies Act-1956
c) Includued in the 2nd schedule of the Reserve Bank of India Act -1934
d) Bank Nationalization Act -1969
95. The following is classified as a public sector bank?
a) ICICI Bank
b) IDBI Bank Ltd
c) Axis Bank
d) Local area bank
96. The banker-customer relationship in credit card payment is?
a) Creditor-debtor
b) Debtor-creditor
c) Agent principal
d) Principal-agent
97. The base rate is set by?
a) Individual banks
b) RBI
c) Government of India
d)RBI in consultation with Government
98. State Bank of India's new floating rate of deposit is directly linked to?
a) Inflation Rate
b) BPLR
c) Base Rate
d) BankRate
99. Six private sector banks were nationalised on April 15, 1980, whose reserves were more than?
a) 100 Crores
b) Rs. 200 crores
c) 300 crores
d) 400 crores
100. Security printing press was established in 1982 at?
a) Kolkata
b) New Delhi
c) Bombay
d) Hyderabad
Answers
1) d 2) c 3) d 4) d 5) d 6) c 7) b 8) d 9) a 10) c
11) c 12) b 13) d 14) c 15) d 16) d 17) a 18) b 19) a 20) c
21) d 22) c 23) d 24) a 25) c 26) a 27) d 28) c 29) b 30) d
31) d 32) a 33) c 34) d 35) c 36) d 37) c 38) b 39) a 40) c
41) c 42) d 43) d 44) c 45) a 46) b 47) b 48) d 49) c 50) a
51) a 52) d 53) a 54) d 55) c 56) d 57) c 58) a 59) a 60) d
61) c 62) d 63) d 64) a 65) d 66) d 67) b 68) a 69) a 70) b
71) c 72) b 73) b 74) a 75) a 76) c 77) d 78) d 79) c 80) a
81) c 82) a 83) c 84) d 85) d 86) d 87) b 88) d 89) d 90) b
91) a 92) b 93) b 94) c 95) b 96) b 97) a 98) c 99) b 100) d