1. Recently “Ship of Theseus' named the best film in National Film Awards. Who among the following is the director of the film?(1) Saurabh Shukla                                              (2) Anand Gandhi—Ans (3)  Aida El-Kashef                                               (4)  Hansal Mehta

2. Recently Book “Crusader or Conspirator? Coalgate and other Truths” is in news. Who among the following is the author of the book?(1) Sanjay Baru                             (2) Rajiv Pillai(3) PC Parekh—Ans                               (4) Yashwant Sinha

3. According to RBI Guidelines, what fractions of the branches are mandatory to opened in rural areas by newly licensed banks?(1) 15                                 (2) 25—Ans(3) 35                                 (4) 45

4. Lee Kun-hee, who is facing an arrest warrant in a 4.1million dollar cheating case is chairman of ____?(1) Nokia                           (2) Samsung—Ans(3) LG                                (4) IBM

5. Consider the following statements with respect to the recently granted banking license by the Reserve Bank of India?(A) RBI grant banking license to infrastructure financier IDFC Ltd and micro lender Bandhan Financial Services Ltd to start new banks. (B) This approval will be valid for 18 months, during which the two companies will have to comply with rules stipulated by RBI.(C) Chandra Shekhar Ghosh is the Chairman of IDFC Ltd and Rajiv B Lall is the Chairman of Bandhan Financial Services Ltd

Which of the above statements is/are correct in this context? (1) Only A  & B—Ans                                          (2) Only B & C(3) Only A & C                                         (4) All the above

6. Recently who among the following has been appointed as the new Finance Secretary?(1) Sumit Bose                              (2) Vijay Seshadri(3) Arvind Mayaram—Ans                     (4) V.K. Murthy

7. Vijay Seshadri wins the 2014 Pulitzer Prize for his work ____?(1) 2 states                                               (2) The Goldfinch, (3) 3 Sections—Ans                                (4) 11 Attacks

8. Which of the following countries was formally accepted as a new member by the World Trade Organisation (WTO) in a ministerial conference held in Bali recently?(1) Uganda                                (2) Yemen—Ans                   (3) Romania(4) South Sudan                

9. Examine the following with respect to Exchange Earner’s Foreign Currency Account (EEFC):(A) It is a facility provided to the foreign exchange earner (individual or company)(B) The account holders are entitled to get only 50 percent of their foreign exchange earnings  credited to the account(C) It can be held only in the form of a current with no interest payable ion it

Which of the above statements is/are correct?(1) All the above                (2) Only A(3) Only B                         (4) Only A & C—Ans(5) Only B & C

10. A bank draft can be issued by a bank accepting cash provided the amount does not exceed?(1) Rs 25,000                    (2) Rs 50,000—Ans(3) Rs 75,000                    (4) Rs 10,000(5) None of these

11. Banks have strict regulations to protect themselves as well as their customers and if these regulations are violated, banks levy penalty on the violator. Which one of the following will not be considered a bad money practice?(1) Frequent ATM pin request(2) Not updating change in personal and residential details(3) Using Non-bank ATM machines more frequently(4) Withdrawing over the minimum balance limit(5) All the above—Ans

12. Consider the following with respect to the much talked about health insurance cover, Obamacare, which came into effect recently in the US.(A) Under the scheme, it is now compulsory for the people who have health cover(B) Those who cannot afford the cover will get help from the state(C) Those who remain without any insurance will be finedWhich of the above statements is true?

(1) Only A                         (2) Only B(3) Only C                         (4) Only A & B(5) All A, B & C—Ans

Ques1. The two-day World Green Economy Summit (WGES) 2014, a global effort to combat climate change, was held at which of the following places recently?1) Dubai—Ans2) Doha3) Kuala Lumpur4) Jakarta5) Manama

Ques2. The National Human Rights Commission (NHRC) has sought a report from the health ministry on the action taken to stop the use of which of the following chemicals for the artificial ripening of fruit recently?1) Acetylene2) Benzene3) Calcium carbide—Ans4) Ethylene5) None of these

Ques3. With a view to improving the aesthetic ambience along stations, the Railways plans to start a pilot project ‘Green Curtains’ at major tourist destinations. Which of the following stations will receiver Green Curtains first?1) Jaipur2) Agra3) New Delhi4) Both 1) and 2) —Ans5) All the above

Ques4. The annual blood donation drive organized of which of the following private sector banks in India in Dec 2013 has been recognized as the largest effort of its kind across the globe and has set a Guinness World Record?1) ICICI2) HDFC—Ans3) Axis bank4) Kotak Mahindra5) Federal bank

Ques5. Which of the following countries have agreed to join hands on an initiative for Kanchenjunga trans-boundary landscape to address biodiversity conservation in a sustainable way in the Himalayan region?1) India, China and Bhutan2) India, Nepal and Bangladesh

3) India, Nepal and Bhutan—Ans4) China, Nepal and Bhutan5) None of these

Ques6. India is the world's ninth biggest military spender in the world as of now. Which of the following countries is the largest spender?1) Russia2) China3) US—Ans4) Japan5) Germany

Ques7. The issue of fresh securities by an unlisted company for the first time is called1) Exchange Traded Fund2) Initial Public Offering—Ans3) Rights issue4) Follow-on Public Offering5) None of these

Ques8. After remaining 10 years in orbit, which of the following communication satellites of India retired recently?1) GSAT-142) INSAT-3E—Ans3) IRNSS-1B4) GSAT-165) None of these

Ques9. Which of the following two states in India together account for about half of the total mango production in India?1) Andhra Pradesh and Uttar Pradesh—Ans2) Andhra Pradesh and Karnataka3) Kerala and Uttar Pradesh4) Andhra Pradesh and Bihar5) Odisha and Uttar Pradesh

Ques10. The World Bank has announced that it is increasing its lending capacity to developing countries such as China, India and Brazil. The Bank would increase its annual lending to these middle-income countries to as much as _________over the next decade.1) USD 15 bn2) USD 18 bn3) USD 22 bn4) USD 25 bn5) USD 28 bn—Ans

1. Which of the following is correct about Special Drawing Rights (SDR) created by the International Monetary Fund (IMF)?1) SDR is an international reserve asset created by the IMF in 1969. 2) Each member country of IMF has SDRs allocated to it in proportion to its quota in the IMF.3) Its value is based on a basket of key international currencies - the euro, Japanese yen, pound sterling, and US dollar.4) All the above—Ans5) Only 2) and 3)  

2. One of India’s best-known authors and journalists, Khushwant Singh died recently. Which of the following statements is/are correct about him?1) He started his writing career with Yojana, the Planning Commission’s journal which he founded and edited.2) He was a Member of Parliament from 1980 to 1986.3) He was awarded the Padma Bhushan (1974) and Padma Vibhushan (2007).  4) All the above—Ans5) Only 2) and 3)

3. Which of the following public sector lenders has announced, for the first time in its history, to offload around Rs 5,000 cr of its Rs 67,799 cr dud assets to asset reconstruction companies (ARCs) recently?1) Union Bank of India                              2) State Bank of India—Ans3) Punjab National Bank                           4) Canara Bank5) None of these

4. UN unanimously voted in favor of resolution condemning illegal oil export from which of the following countries recently?1) Syria 2) Libya—Ans 3) Yemen 4) Iraq 5) None of these

5. The Reserve Bank came out with final guidelines for the non-banking finance companies (NBFCs) with regard to the early detection and recovery of bad loans recently. Which of the following is correct in this regard?1) The guidelines will be effective from 1 Apr 2015. 2) Before a loan account turns into an NPA, NBFCs will be required to identify incipient stress in the account by creating a sub-asset category 'special mention accounts' (SMA).3) The Bank permitted NBFCs to sell NPAs to other banks, financial institutions or NBFCs without any initial holding period.  4) All the above5) Only 2) and 3) —Ans  

6. The Pulitzer Price for Fiction -2014 has been awarded to Donna Tratt, for her novel ___?(1) The Son                                  (2) The Woman Who Lost Her Soul(3) The Gold Finch—Ans                       

(4) The Secret History(5) None of these

7. Consider the following statements with respect to the recent BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) Summit which was held on 1 March to 4 March 2014. (A) BIMSTEC group consist of 8 countries viz: India, Sri Lanka, China, Bhutan, Myanmar, Nepal and Thailand(B) Third BIMSTEC Summit was held in Nay Pyi Taw, Myanmar.(C) The main purposes of BIMSTEC are to create an enabling environment for rapid economic development and accelerate social progress in the sub-region.Which of the above statements is/are correct in this context? (1) Only A            & B                                         (2) Only B & C—Ans(3) Only A & C                                         (4) All the above(5) None of these

8. Over a decade after the state-run banks launched Kisan Credit Cards, which of the following private sector lenders introduced its own card "Kisan Card" through which a farmer can withdraw up to Rs 1 lakh per day from automated teller machines (ATMs)?1) HDFC2) Axis Bank—Ans3) ICICI4) Federal Bank5) IndusInd Bank

9. Heena Sidhu is associated with which of the following games? She was in news, recently, as she appeared on the cover of Dec 2013 issue of the magazine published by the international body of the game.1) Air pistol—Ans2) Boxing3) Archery4) Discus throw5) None of these

10. Currently, the aggregate foreign investment (FDI, FII and NRI) limit for public sector banks (PSBs) is:1) 20 per cent—Ans2) 24 per cent3) 49 per cent4) 74 per cent5) None of these

Explanation of Qs 10:  The aggregate foreign investment (FDI, FII and NRI) cannot exceed 74 per cent in private sector banks while the ceiling is at 20 per cent for nationalised banks, State Bank of India and its associate banks. 

1. Which of the following measures should be taken when an economy is going through inflationary pressures?A. The Direct taxes should increasedB. The Interest rate should be reducedC. The public spending should be increasedSelect the correct answer from the options given below(1) Only A—Ans                         (2) Only B (3) Only B & C                  (4) Only A & B

2. National Income is generated from:(1) Any money making activity—Ans(2) Any labourios activity(3) Any profit-making activity(4) Any productive

3. The term stagflation refers to a situation where:(1) Growth has no relation with the change in prices(2) Rate of Growth and Prices both are decreasing(3)  Rate of Growth is faster than the rate of prices increase(4) Rate of Growth is slower than the rate of prices increase—Ans

4. Gross Domestic Product is defined as the value of all:(1) Goods produced in an economy in a year(2) Goods and services produced in an economy in a year(3) Final Goods produced in an economy in a year(4) Final Goods and services produced in an economy in a year—Ans

5. The Draft of the Five Year Plans in India is approved by the:(1) National Development Council—Ans(2) Planning Commission(3) National Productivity Council(4) Ministry of Finance

6. Deficit financing implies-(1) Printing new currency notes(2) Replacing new currency with worn out currency(3) Public revenue in excess of public expenditure(4) Public expenditure in excess of public revenue—Ans

7. Depreciation means:(1) Closure of a plant due to lockout(2) Closure of a plant due to labor trouble(3) Loss of equipment over time due to wear tear—Ans

(4) Destruction of plant in a fire accident

8. During periods of Inflation, tax rates should:(1) Increase—Ans(2) Decrease(3) Remain Constant(4) Fluctuate

9. Devaluation of a currency means(1) reduction in the value of a currency vis-a-vis major internationally traded currencies—Ans(2) permitting the currency to seek its worth in the international market(3) fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies(4) fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners

10. If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to(1) increase it—Ans(2) decrease it(3) no impact(4) None of the above

1. Examine the following statements with respect to the recent appointment of a new Chief Justice of India?(A) R.M Lodha has been appointed as the next Chief Justice of India(B) He will be the 40th Chief Justice of India.(C)  He will succeed Justice P. SathasivamWhich of the above statements is/are correct in this context?(1) Only A & B                  (2) Only B & C                       (3) Only C & A—Ans                  (4) All are true            (5) None of these

2. Accidental Prime Minister: The Making and Unmaking of Manmohan Singh book was authored by which among the following:(1) Sanjaya Baru—Ans(2) Brijesh Mishra(3) Pullock Chatterjee(4) Rajiv Takru(5) None of these

3. Which of the following regions declared independence from Ukraine in a recent referendum conducted there and applied to join Russian federation?1) Kiev                               2) Kharkiv

3) Crimea—Ans                          4) Moldova5) None of these  

4. Which among the following PSU Bank has become the largest domestic issuer of overseas bond?(1) State Bank of India—Ans                  (2) Punjab National Bank(3) Bank of Baroda                                   (4) Bank  of India(5) Union Bank of India

5. The RBI has undertaken Cheque Truncation System (CTS) as a new method for clearing of cheques. Which among the following is correct about the CTS system?1) Physical movement of cheques takes place.2) Electronic image of the cheque is transmitted.3) Clearing related frauds and cost of collection are reduced. 4) Only 1) and 3)5) Only 2) and 3) —Ans 

6. The Reserve Bank of India (RBI) granted QCCP status to Clearing Corporation of India Ltd (CCIL) recently. QCCP stands for:1) Queried Central Counterparty2) Qualified Central Counterparty—Ans3) Qualitative Central Counterparty        4) Quantitative Central Counterparty5) None of these 

7. Consider the following statements with respect to the Dadasaheb Phalke Award 2013?(A) Veteran poet and film lyricist Gulzar has been chosen for the coveted Dadasaheb Phalke Award for 2013(B) He is the 45th winner of the Dadasaheb Phalke Award.(C) Pran Conferred Dadasaheb Phalke Award  for 2012

Which of the above statements is/are correct in this context? (1) Only A                                                            (2) Only A & C(3) Only A, C & D                                     (4) All the above—Ans(5) None of these

8. What do you mean by Dormant Account?(1) Those accounts in which the customer has not done transactions like withdrawals and deposits of funds for long time. —Ans(2) The dormant account is opened by the investor while registering with an investment broker (or sub-broker). (3) The account which is used by Business people for their daily transactions

(4) These account specifically for high net worth individuals where the bankers provide various facilities like wealth management, portfolio related services, insurance etc.(5) None of these

9. Recently Viktor Orban is in news. He is  ____?(1) Re-elected as a Prime Minister of Hungary—Ans(2) New President of Syria(3) New Chairman of Federal Reserve Bank(4) Player of Ireland Cricket team(5) None of these

10. Which among the following government ministries/departments have recently launched “Virtual Cluster”?(1) Department of Information Technology(2) Ministry of Micro, Small and Medium Enterprises—Ans(3) Department of Education(4) Ministry of Commerce(5) None of these

1 The Constitution Bench of the Supreme Court, recently, ruled that the govt cannot impose ____________on linguistic minority for imparting primary education.1) Mother tongue—Ans2) English language3) Hindi language4) Any foreign language5) None of these

2 Giving three years’ time to comply with the new norms, the capital market regulator, Securities and Exchange Board of India (Sebi), raised the minimum net worth criteria of asset management companies from Rs 10 cr to _______earlier this year.1) Rs 20 cr2) Rs 30 cr3) Rs 40 cr4) Rs 50 cr—Ans5) Rs 70 cr

3 After a long wait and legal hurdles, which of the new airlines was granted the flying licence by aviation regulator DGCA recently?1) SkyJet Air2) AirAsia India—Ans3) Club One Air4) Blue Dart Aviation5) None of these

4 The ‘Nabhratna’ flying test bird aircraft was handed over to DRDO recently. Which of the following statements is/are NOT correct about the aircraft?

1) It has been developed by Mahindra Aerospace Private Limited. —Ans2) The aircraft will be used by Bangalore based Electronics and Radar Development Establishment (LRDE) as flying test bed (FTB) for evaluation of performance of various radars being developed by it.3) This aircraft is equipped with indigenous synthetic Aperture Radar and state-of-the-art avionics and communication system.4) The use of flying test bed (FTB) aircraft will reduce the cycle time for development for airborne system.5) It is a modified Dornier (DO-228) aircraft.

5 The RBI panel on credit information submitted its report with the recommendations like providing a free copy of their credit profile to customers recently. The panel was headed by who among the following?1) Deepak Parekh2) Shikha Kapil sharma3) Aditya Puri—Ans4) Chanda Kochhar5) Pratip Chaudhuri

6 According to a recent survey conducted by the Assocham, an alarming number of children are using social networking site Facebook. This is happening in spite of the strict norms that prohibit children under age _______from opening an account on social.networking sites.1) 12 years2) 13 years—Ans3) 15 years4) 16 years5) 18 years

7 The UN-backed REDD+ programme is associated with which of the following? It offers incentives for developing countries.1) Encouraging cattle herding2) Saving endangered species3) Control of endemic diseases4) Reduction in carbon emissions—Ans5) None of these

8 Which of the following Asian nations is all set to become Asia’s first animal cruelty-free cosmetics zone as it has introduced a draft notification that bans import of animal-tested cosmetics? A ban on animal-tested cosmetics is already in place in the country.1) Japan2) India—Ans3) Sri Lanka4) Bhutan5) Myanmar

9 Uber Cup is associated with which of the following games?1) Men’s badminton2) Women’s badminton—Ans3) Men’s tennis4) Women’s tennis5) None of these

10 The market borrowing programme of the State govts is finalised by the Central govt and the _______, keeping in view the provisions of Article 293(3) of the Constitution of India.1) National Development Council2) SEBI3) NABARD4) Planning Commission—Ans5) None of these

1. Examine the following statements with respect to the recent appointment of R Gandhi as a new Deputy Governor of RBI.(A) R. Gandhi replaces Anand Sinha as new RBI deputy governor(B) Mr. Gandhi was the executive director at the RBI before being promoted to this post.(C) RBI now has 3 Deputy Governors – HR Khan, Urjit Patel and R Gandhi.

Which of the above statements is/are correct in this context?(1) Only A & B—Ans (2) Only B & C (3) Only C & A (4) All are true

2. Consider the following statements with respect to recent announcement made by the Qatar based Doha Bank that it will be opening its first branch at Nariman Point in Mumbai in India.(A). The branch in Mumbai will be opened as a full-fledged bank in May 2014.(B) The Doha Bank has set a target of 10 billion dollars balance sheet by the third year of operations.(C) Doha Bank got permission from the Reserve Bank of India to open the branch in December 2013.Which among the following statement is not correct in this regard?(1) Only A & B (2) Only B & C(3) Only A (4) Only B—Ans(5) Only C

3. As on 1 April 2014, RBI (Reserve Bank of India) in its first bimonthly monetary policy statement pegged 2014-15 GDP growth at a central estimate of____?(1) 5% (2) 5.5%—Ans(3) 6% (4) 6.5%(5) None of these

4. Consider the following statements in respect to the recent announcement made by the government as govt. raised the workdays under its flagship rural employment guarantee programme MNREGA for tribals peoples.(A) Workdays for tribals under MNREGA raised from 100 to 150(B) The beneficiaries would be those who have completed 100 workdays in that particular financial year(C) The Union Cabinet decision will come into effect from April this year.

Mark the correct options from the given options:(1) Only A & B (2) Only B(3) Only A & C (4) Only A(5) All of the above—Ans

5. The book titled ‘12 Years A Slave’ has been authored by:1) Solomon Northup—Ans 2) Hasan Suroor3) Vesna P Jacob 4) Simon Denyer5) None of these

6. What is take-out financing?1) A method of providing finance for longer duration projects—Ans 2) A method of providing finance for short duration projects3) A method of providing finance without any paper work 4) A method of providing finance on very low interest rates5) None of these

7. The committee constituted by the Reserve Bank of India (RBI’s) to promote financial inclusion headed by Nachiket Mor in its report, presented to the RBI on 7 January 2014, recommended universal electronic bank accounts to all Indian citizens above the age of 18 years. What is the deadline for opening these bank accounts as recommended by the committee?(1) 1 January 2016—Ans (2) 1 April 2015(3) 1 January 2015 4) 1 April 2015(5) None of these

8. Which PSU bank sold its entire stake in credit information provider Credit Information Bureau of India Limited (CIBIL) to Trans union International Inc (TII) during March 2014? (1) United Bank of India(2) Central Bank of India—Ans(3) Dena Bank(4) Bank of Baroda(5) Punjab National Bank

9. Recently Sri Lanka won the World Cup T20 2014 title by defeating India. How many times Sri Lanka won World T20 title?(1) Second (2) Third(3) This is a maiden title for Sri Lanka—Ans(4) Four(5) None of these

10. Recently Manuel Valls is in news. He is a ____?(1) New President of France(2) New Prime Minister of France—Ans(3) Foreign Minister of USA(4) New US envoy to India(5) None of these

Explanations: of Some Questions1. After the appointment of R Gandhi as a new RBI Deputy Governor, RBI has now 4 Deputy Governors:1. Dr. K.C. Chakrabarty2. Shri H.R. Khan3. Dr. Urjit R. Patel4. Shri R. GandhiNote: Dr. K.C. Chakrabarty has given its resignation from its post but RBI has not yet accepted it.

2. The Doha Bank has set a target of 5 billion dollars balance sheet by the third year of operations.

4. In a bid to woo tribals ahead of Lok Sabha polls, the government raised the workdays under its flagship Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) from 100 to 150 for tribals, a move that will benefit 14 lakh families. The Union Cabinet decision will come into effect from April this year.

6. Take-out financing is a method of providing finance for longer duration projects (say of 15 years) by banks by sanctioning medium term loans (say 5-7 years).

It is understanding that the loan will be taken out of books of the financing bank within pre-fixed period, by another institution thus preventing any possible asset-liability mismatch. After taking out the loans from the banks, the institution could off-load them to another bank or keep it.

8. State—run Central Bank of India has sold its entire stake in credit information provider CIBIL to Transunion International Inc. for an undisclosed amount.

9. Sri Lanka beat India to win maiden World T20 2014 title. Sri Lanka were beaten in the 2009 and 2012 World T20 finals.

1. Main Points of RBI monetary policy review:As on 1 April 2014, RBI (Reserve Bank of India) in its first bimonthly monetary policy statement kept the key policy rate (repo) unchanged.Current RBI Policy & Reserve Rates:1. Repo Rate – 8%           (Unchanged)  2. Reverse Repo– 7%      (Unchanged)3. CRR – 4%                      (Unchanged)4. SLR – 23%                     (Unchanged)5. MSF– 9%                        (Unchanged)6. Bank Rate – 9%              (Unchanged)Note: i. Economic growth for 2014-15 expected at 5.5%.ii. CAD expected to come down to 2% of GDP in 2014-15.iii. Retail inflation expected to be under 6% in 2014.iv. RBI asks banks not to charge penalty for failure to maintain minimum balance in inoperative account.v. It was first bi-monthly monetary policy review, next one scheduled for June 3.

2. World Bank has projected an economic growth rate of 5.7% in 2014-15 for India:World Bank projected an acceleration of growth (factor costs) in FY 2014 to 4.8%, further increase to 5.7% in FY 2015

3. Panel headed by Anand SInha for benchmark floating interest rateRBI panel headed by RBI Deputy Governor Anand Sinha has recommended bringing a benchmark floating interest rate, especially for home loans. Panel also suggested Indian Banks Base Rate (IBBR).

4. SBI launches 3 Digital banking facilities for its customers”i. Tab Banking for Saving A/C - Opening Savings a/c at Customer’s door step using tablet PC provided to the Bank’s Sales Staff (who visit the Customer’s home).ii. TAB  Banking for Home Loan - In-principle approval for the home loan at customer’s door step using tablet PC provided to the Bank’s Home Loan Sales Team which will capture on the tablet KYC details and details.iii. e-KYC - Generates e-KYC (Know Your Customer) identity document. Fingerprints of the customer will be captured and sent to UIDAI (Unique Identification Authority of India) for authentication of identity and address proof. On successful authentication from UIDAI, the e-KYC service will act in response to display demographic details like [Name, year/date of birth, Gender, Address, Phone, email (if available)] and photograph.Note: These facilities will offer ease and time saving to the customer for opening accounts with SBI bank.

5. RBI grants ‘In-Principle’ banking licenses to IDFC and BandhanRBI has granted “in-principle” banking licences to Infrastructure Development Finance Company (IDFC) and microfinance lender Bandhan Financial Services Ltd.The declaration was made by RBI after nod from the Election Commission. These are the first licences to be awarded by RBI since 2003-04.RBI constituted Bimal Jalan panel scrutinized the applications for new bank licences.

Note: The in-principle approval by RBI is valid for ONLY 18 months. During this 18 month-period IDFC and Bandhan Financial Services Ltd will have to meet all RBI rules and guidelines in order to secure a permanent licence to start banking activities. 

6. RBI extends deadline on capital norms under Basel IIIRBI extended deadline for banks to implement Basel III capital norms up to March 31, 2019, instead of March 31, 2018. With the extension, the RBI has also revised deadline for for meeting Minimum Common Equity Tier 1 and Capital conservation buffer (CCB).

Note: i. Basel III is a comprehensive set of reform measures, developed by the Basel Committee on Banking Supervision, to strengthen the regulation, supervision and risk management of the banking sector.ii. In terms of Basel III capital regulations issued by the RBI, the Capital Conservation Buffer (CCB) will be implemented from March-end 2016 (against March-end 2015 earlier). Consequently, the Regulations will be fully implemented as on March-end 2019 (against March-end 2018 earlier).iii. Basel series of norms refer to a broad supervisory standards formulated by Basel Committee on Banking Supervision (BCBS) to ensure that financial institutions have enough capital on account to meet obligations and absorb unexpected losses.

7. Kotak Mahindra Bank links current accounts to TwitterThe private lender bank, Kotak Mahindra launched a new current account product that will enable the account holders to undertake 21 services viz. cheque book requisitioning, checking last few transactions, etc, and using their Twitter accounts.Note: i. For the activity of listed service, the bank customers have to use the dedicated hashtags (#).ii. The account christened ‘Jifi’, also involves a host of loyalty-based reward points accrued from merchant transactions carried out using the account, referrals made and ‘sharing and commenting’ of tweets/updates.Note: The bank has integrated all their systems with their core bankingsoftware and can seamlessly throw up the required result into the account holder’s Twitter handle as a direct message.

8. Bank of India (BoI) launched Instant Money Transfer (IMT) schemeThe Bank of India (BoI) launched an Instant Money Transfer (IMT) scheme and became the first state-run lender to allow withdrawal of funds to individuals from its ATMs without an account in the bank. In other words, the IMT scheme allows customers to withdraw cash without using either debt card or credit card at BoI’s IMT-enabled ATMs.Chairman and Managing Director of Bank of India is V. R. Iyer.

9. RBI hiked trade related remittance limit from Rs.2 lakh to Rs.5 lakh per transactionThe Reserve Bank of India (RBI) hiked the trade related remittance limit from Rs.2 lakh to Rs.5 lakh per transaction with immediate effect and also increased the number of transaction handled by exchange houses.

The hike in per transaction is on the review of the permitted transactions under the Rupee Drawing Arrangements (RDAs).These changes have been included in the Memorandum of Instructions for Opening and Maintenance of Rupee/ Foreign Currency Vostro Accounts of Non-resident Exchange Houses.Note: Vostro account (also known as a loro account) is one in which the domestic bank acts as custodian or manages the account of a foreign counterpart.

10. Qatar based Doha Bank announced it’s First branch in MumbaiDoha Bank announced that it will be opening its first branch at Nariman Point in Mumbai in India. The branch in Mumbai will be opened as a full-fledged bank in May 2014. Note: Doha Bank is the largest private commercial bank in the state of Qatar. It was incorporated in 1978 and commenced its domestic and international banking services in Doha, Qatar in 1979.

11. Ms Lakshmi Swaminathan : Became first Indian President of Administrative Tribunal of the ADBMs. Lakshmi Swaminathan became the first Indian to become president of Administrative Tribunal of the Asian Development Bank (ADB) for three years. Ms. Swaminathan is the seventh president of the Tribunal. At present, she is a member of the Panel of Arbitrators of several public sector undertakings and NSE.

12. BSE launched Institutional Trading Platform (ITP) on SMEThe Bombay Stock Exchange (BSE) launched an Institutional Trading Platform (ITP) to help Small and Medium Enterprises (SMEs) and start-up companies to list on the bourses without an Initial Public Offer (IPO). BSE Ltd set up the BSE SME Platform as per the rules and regulations laid down by SEBI.

61st National Film Awards: And the winners are....The winners of the National Film Awards have been announced by the Directorate of Film Festivals.

This prestigious honour is awarded to celebrate the best of Indian cinema, and many regional and mainstream movies are nominated.

List of The winners:Best Film: 'Ship of Theseus'

Best Actor: Rajkumar Rao for 'Shahid' and Suraj Venjaramudu and Venajaramoodu for Malayalam movie 'Perariyathavar'

Best Actress: Geetanjali Thapa for Liars Dice

Best Director Award: Pranjal Dua for 'Chidiya Ud' (Hindi)

Best Popular Film providing Wholesome Entertainment: 'Bhaag Milkha Bhaag'

Best Film on Social Issues: 'Tojia Dharm Kauncha'

Best Non Feature Film: 'Rangbhoomi'

Best Film on Social issues: 'Gulaabi Gang'

Best Supporting Actor: Saurabh Shukla, 'Jolly LLB'

Best Direction: Hansal Mehta for 'Shahid'

Best Choreography: Ganesh Acharya for 'Masto Ka Jhund' – Bhaag Milkha Bhaag

Best Child Actor: Somnath Awghade for 'Fandry' and Sadhana

Nargis Dutt Award for Best film on National Intergration: 'Talai Muraigal'

Bengali film Jatishwar bagged awards for - Best Music: Jatishwar(Bengali) Best Costume: Jatishwar(Bengali) Best Make up: Jatishwar(Bengali) Best Male Playback Singer: Jatishwar(Bengali)

Best Feature Film in Assamese : 'Ajeyo'

Best Feature Film in Bengali : 'Bakita Byaktigoto'

Best Feature Film in Hindi : 'Jolly LLB'

Best Feature Film in Kannada : 'December 1'

Best Feature Film in Konkani : 'Baga Beach'

Best Feature Film in Malayalam : 'Maut 24 Kadham'

Best Feature Film in Marathi : 'Acha Divaz Mazha'

Best Feature Film in Tamil : 'Tonga Vungal'

Best Feature Film in Telugu : 'Naa Bangaru Talli'

Best Feature Film in English : The Coffin Maker

Note: 'Cinema Ka Cinema' got the Best Book on Cinema, while the Best Film Critic award went to Alka Sahania

Best Narration/Voice Over : Lipika Singh Darai, Kankee O Saapo (Odia)The 61st National Film Awards ceremony will be held on May 3, 2014.

Ques. 1 Which of the following sports federations in India has been accorded status of National Sports Federation recently and now it will represent India in international events? Earlier, the Sports Ministry had de-recognised it for not adhering to govt guidelines.1) Hockey India2) Indian Boxing Federation3) All India Tennis Association4) Badminton Association of India5) None of these

Ques. 2 The Lok Sabha poll schedule was announced recently by the Election Commissioner of India. Who among the following is the current Chief Election Commissioner?1) KG Balakrishnan2) Navin Chawla3) VS Samapath4) Harishankar Brahma5) SY Quraishi

Ques. 3 The RBI has extended the date for exchanging pre-2005 banknotes and has advised banks to facilitate the exchange of these notes for full value and without causing any inconvenience to the public. Now exchange will be available till:1) 31 Jul 20142) 30 Sep 20143) 1 Jan 20154) 31 Jan 20155) 31 Mar 2015

Ques. 4 Sheila Dikshit has been appointed Governor of which of the following states recently?1) Karnataka2) Tamil Nadu3) Kerala4) Odisha5) None of these

Ques. 5 Which of the following state govts has announced to introduce health insurance scheme for journalists with provision of insurance cover worth Rs 1 lakh per annum for them?1) Madhya Pradesh2) Uttar Pradesh3) Odisha4) Kerala5) None of these

Ques. 6 Graeme Smith, who retired from international cricket, recently, was erstwhile captain of which of the following teams?1) Australia2) West Indies3) New Zealand4) South Africa5) None of these

Ques. 7 In a ground-breaking discovery, researchers have found that nearly 4,200 years ago the Indus Valley civilisation was doomed by:1) A monster drought2) A massive flood3) An epidemic4) An invasion5) None of these

Ques. 8 As announced by the Election Commission, the Lok Sabha elections will be held between 7 Apr and 12 May in how many phases? These elections will witness the highest number of phases so far.1) Five2) Six3) Seven4) Nine5) Eleven

Ques. 9 In case of dishonour of a cheque due to insufficient funds in the account of the person drawing the cheque, a court can punish the guilty (defaulter) with a prison term of two years and/or a fine, which can be as high as ________the cheque amount.

1) Twice2) Thrice3) Four-times4) Five-times5) None of these

Ques. 10 What is the priority sector lending target (as per cent to net bank credit) for foreign banks in India with less than 20 branches?1) 20 per cent2) 22 per cent3) 30 per cent4) 32 per cent5) 40 per cent

ANSWERS1. 1) Hockey India2. 3) VS Sampath3. 3) 1 Jan 20154. 3) Kerala5. 3) Odisha6. 4) South Africa7. 1) A monster drought8. 4) Nine9. 1) Twice10.4) 32 per cent

1. Recently which  among the following cricketer has been voted  for Cricketer of the Generation award by by a 50-member jury of current and former cricketers and journalists ?(1) Brian Lara(2) Sachin Tendulkar(3) Shane Warne(4) Jaques Kallis(5) None of these

2. Recently Reserve Bank of India (RBI) on 13 March 2014 hiked the trade related remittance limit from 2 lakh rupees to ____rupees per transaction with immediate effect. Fill the blank with correct option.(1) 5 lakh(2) 10 lakh(3) 15 lakh(4) 20 lakh(5) None of these

3. World Sparrow Day was observed every year on __?(1) 20 March(2) 21 March(3) 22 March(4) 23 March(5) None of these

4. Who among the following was the Luxor Group Chairman who recently passes away?(1) Anil Goswami(2) D.K. Jain(3) S.K. Bharti(4) P.K. Luxor(5) none of these

5. Recently which among the following team has won the Vijay Hazare Trophy 2013-14?(1) Railways

(2) Baroda(3) Assam(4) Mumbai(5) Karnataka

6. As per the 2013 'Economic Freedom of the States of India' report, Which among the following state has top the list?(1) Haryana(2) Gujarat(3) Maharashtra(4) Kerala(5) None of these

7. As per currently prevailing norms, 49 per cent FDI is allowed under automatic route in private sector banks in India. However, under the govt route FDI limit is up to:1) 64 per cent                  2) 74 per cent3) 84 per cent                  4) 94 per cent5) 100 per cent

8. The Union govt. launched ‘Meghraj’ project, recently, which is a ______ project.1) Cloud computing      2) Mother and child tracking3) Weather forecasting    4) Artificial rain5) None of these 

9. Who among the following has won the women’s singles title of the Australia Open tennis tournament recently?1) Li Na                           2) Serena Williams3) Ana Ivanovic                4) Dominika Cibulkova5) None of these 

10. The recently published book titled ‘Destruction of Hyderabad’ has been authored by___?1) Frank Dikotter              2) AG Noorani3) Nilanjana Roy               4) Paul Danahar5) Vikram Chandra                       

Answers:

1 2 6 2

2 1 7 2

3 1 8 1

4 2 9 1

5 5 10 2

1. International Women’s Day was celebrated across the world on (A)   2nd March(B)   6th March(C)   8th March(D)   9th March

2.  Recently, Bezbaruah Committee was constituted by the Union Ministry of Home Affairs. This committee is associated with –

(A)   Measures to address the issues of communal violence(B)   Measures to ensure the protection of rights of North East        people(C)  To suggest the measures to reduce air pollution in metro       cities(D)  None of the above

3. Bijapur (Kudgi Super thermal power plant) power plant is a proposed power plant to be constructed in –

(A)  Karnataka(B)  Tamil Nadu(C)  Madhya Pradesh(D)  Odisha

4. Michelle Bachelet has been sworn in as the president of –(A)  Chile(B)  Nigeria(C)  Argentina(D)  Egypt

5. Who is the author of the book “India at Risk”?(A)  Shashi Tharoor(B)  Salman Khurshid(C)  Jaswant Singh(D)  Abdul Kalam Azad

6. Which among the following team won the Santosh Trophy 2014?

(A  Punjab(B) Mizoram(C) West Bengal(D) Kerala

7. Recently Asha Kiran, a new health insurance scheme was launched by –(A)  New India Assurance(B)  United India Insurance(C)  Bharati AXA(D)  Oriental Insurance

8. Which cricket team won the Asia Cup trophy 2014?(A) Pakistan(B) Bangladesh(C) India(D) Sri Lanka

9. The Partnership to Advance Clean Energy (PACE) is a program to between India and ____ to increase collaboration on energy security and clean energy.

(A) China(B) Japan(C) South Africa(D)  USA

10. How many nations include in BIMSTEC group.(A)  6

(B)  7(C)  8(D)  5

11. Irani Cup is associated with –(A) Tennis(B)  Hockey(C)  Kabbadi(D)  Cricket

12. Who among the following was appointed as the first woman director of National Aluminum Company Limited (NALCO)?

(A)  Arunadhati Bhattacharya(B)  Ranjana Kumari(C)  Soma Mondal(D)  Vijayalakshmi Iyer

Answers:

1 C 6 B 11 D

2 B 7 A 12 C

3 A 8 D

4 A 9 D

5 C 10 B

1. Which among the following day is observed on 6th March 2014?(1) World International Women’s day(2) World Children day(3) World Cancer Day(4) World Dentist day(5) World Heart day

2. Recently Sheila Dikshit has appointed as the 22nd Governor of which state?(1) Karnataka(2) Rajasthan(3) Kerala(4) Himachal Pradesh(5) None of these

3. Recently Union Ministry of Minority Affairs launched which scheme for the welfare of minorities people?(1) Indira Swasthya Yojna(2) Rajiv Swasthya Yojna(3) Atal Sehat Yojna(4) Maulana Azad Sehat Yojna(5) None of these

4. According to the RBI reports on Development’s in India’s Balance of Payments Current Account Deficit declined to what percent of Gross Domestic Product (GDP) in Quarter 3 (Oct-Dec) 2013-14?(1) 0.4%                (2) 0.5%(3) 0.7%                (4) 0.9%(5) 0.6

5. Who is the author of the book – “India at Risk – Mistakes, Misconceptions and Misadventures of Security policy” which was launched on 3rd March 2014?(1) Arvind Adiga(2) Rohinton Nariman(3) Salman Khurshid

(4) L.K. Advani(5) Jaswant Singh

6. Which among the following country emerged as  the winner of the ICC Under-19 Cricket World Cup 2014 at Dubai?(1) South Africa                            (2) Pakistan(3) New Zealand                           (4) India(5) Australia

7. The duration of President’s rule in a state in the first case is ___?(1) 12 months(2) 6 months(3) 3 months(4) 9 months(5) None of these

8. Which among the following India’s first private bank to commence operation in China is___?(1) HDFC Bank(2) Axis Bank(3) ICICI Bank(4) Yes Bank(5) None of these

9. The G-20 countries members represents about ____ per cent of the world’s economy. Fill the blank with correct option.(1) 50                                 (2) 60(3) 75                                 (4) 80(5) 85

10. Union Govt. on 28 February 2014 cleared a proposal of the Election Commission (EC) to raise expenditure limits for elections in the country. What is the new upper limit of expenditure for fighting election for a Parliamentary seat in the country? (1) 40 Lakh                                    (2) 50 lakh(3) 60 lakh                                     (4) 70 lakh(5) None of these

Answers:1 4 6 1

2 3 7 2

3 4 8 2

4 4 9 5

5 5 10 4

1. India’s first Post Office Savings Bank ATM was inaugurated on 27 February 2014 by Finance Minister P. Chidambaram at (1) Mumbai                                   (2) New Delhi(3) Chennai                                   (4) Bangalore(5) None of these

2. Who was elected by the Ukrainian parliament as the country’s Prime Minister on 27 February 2014? (1) Arseniy Yatsenyuk                  (2) Yulia Tymoshenko(3) Verkhovna Rada                     (4) Serhiy Arbuzov(5) None of these

3. Who among the following has appointed as the new Chairman of ONGC?(1) Sudhur Vasudeva                    (2) Dillep Joshi(3) Dinesh Saraf                           (4) T Vishawanathan(5) None of these

4. Recently National Stock Exchange launched volatility index which is based on the index options prices of Nifty. What is the name of the Index? (1) India (RIX)                              (2) India (VIX)(3) India (NIFTY)                           (4) India (Index)(5) None of these

5. Country first Electronic launched in which among the following city of India?(1) Mumbai                                   (2) New Delhi(3) Bangalore                                (4) Chennai(5) None of these

6. Who among the following has taken over as the new chairman of the 20th Law Commission of India?1) DK Jain                                     2) Ajit Prakash Shah3) Markandey Katju                      4) KG Balakrishnan               5) None of these  

7. Which of the following countries has been ranked on the top spot in the financial secrecy index (FSI), unveiled by the Tax Justice Network recently?1) Singapore                                 2) Luxembourg                      3) Switzerland                           4) China                                           5) None of these

8. Who among the following has won the World Cup of Golf recently?1) Anirban Lahiri                            2) SSP Chowrasia                 3) Mohammad Siddikur                4) Jason Day 5) None of these

9. Who among the following has been appointed the new army chief of Pakistan?1) Haroon Aslam                           2) Ashfaq Parvez Kayani       3) Rashid Mehmood               4) Raheel Sharif                                 5) None of these

10. Mexico has announced to award its 2013 International Prize for Equality and Non-Discrimination to who among the following?1) Barack Obama                         2) Malala Yousafzai3) Hillary Clinton                           4) Sachin Tendulkar              5) None of these  

Answers”1 3 6 2

2 1 7 3

3 3 8 4

4 2 9 4

5 3 10 2

Ques. : 1 The Defence Ministry has recommended the name of who among the following for the post of Chief of the army staffs recently?1) Deepak Kapoor2) Dalbir Singh Suhag3) NC Vij4) Joginder Jaswant Singh5) None of these

Ques. : 2 Which of the following teams clinched the 20th Senior National Women's Football Championships title recently?1) Manipur2) Odisha3) West Bengal4) Karnataka5) Maharashtra

Ques. : 3 After Crimea, which of the following provinces of Ukraine declared independence from the country in the recently held referendum?1) Kiev2) Donetsk3) Moldova4) Odessa5) None of these

Ques. : 4 The recently held elections recorded an all-time high voter turnout in the history of Lok Sabha elections with the overall turnout in all the nine phases of polling this year stood at _______.1) 52.30 per cent2) 55.34 per cent3) 58.19 per cent4) 66.38 per cent5) 68.01 per cent

Ques. : 5 The rumours were doing round in the retail world that Carrefour is planning to exit Indian market recently. This second largest retail chain in the world is based in which of the following countries?1) UK2) US3) France

4) Germany5) South Korea

Ques. : 6 Khaled Choudhury died recently. He was an innovative artist, stage director and a Padma Bhushan awardee associated with1) Hindi theatre2) Marathi theatre3) Tamil theatre4) Bengali theatre5) None of these

Ques. : 7 Who among the following won the Spanish Grand Prix 2014 recently?1) Nico Rosberg2) Sebastian Vettel3) Fernando Alonso4) Jenson Button5) Lewis Hamilton

Ques. : 8 The world's biggest Bio-bank imaging study is being conducted in which of the following countries under which 100,000 citizens are undergoing detailed imaging of their brain, heart and vital organs?1) Japan2) US3) Germany4) UK5) China

Ques. : 9 The book titled ‘The Last Word By’ has been written by who among the following?1) Sidharth Bhatia2) Hanif Qureishi3) Noviolet Bulawayo4) Malvika Singh5) Pallavi Aiyar

Ques. : 10 In which of the following countries at least 15 people were killed in a stampede at a football match in the Kinshasa city recently? The incident took place after police fired tear gas in the crowded stadium, causing panic.1) Democratic Republic of Congo2) Brazil3) Indonesia4) Malaysia5) Spain

ANSWER

1. 2) Dalbir Singh Suhag2. 1) Manipur3. 2) Donetsk4. 66.38 per cent5. 3) France6. 4) Bengali theatre7. 5) Lewis Hamilton8. 4) UK9. 2) Hanif Qureishi10. 1) Democratic Republic of Congo

Ques. : 1 Expand the term FSDC.1) Financial Suitability and Development Council2) Financial Sustainability and Development Council3) Financial Structure Development Council4) Financial Stability and Development Council5) Financial Sovereignty and Development Council

Ques. : 2 Anwar Ibrahim, who is facing sodomy charges, is the opposition leader in which of the following countries? Sodomy is illegal in this Muslim-majority country and punishable by up to 20 years in jail.1) Malaysia2) Indonesia3) Pakistan4) Iraq5) Iran

Ques. : 3 Which of the following is correct about Special Drawing Rights (SDR) created by the International Monetary Fund (IMF)?1) SDR is an international reserve asset created by the IMF in 1969.2) Each member country of IMF has SDRs allocated to it in proportion to its quota in the IMF.3) Its value is based on a basket of key international currencies - the euro, Japanese yen, pound sterling, and US dollar.4) All the above5) Only 2) and 3)

Ques. : 4 Armies of India and which of the following countries carried out joint disaster relief operations named 'Surya Kiran' in Pithoragarh in Uttarakhand recently?1) Myanmar2) Nepal3) China4) Bangladesh5) None of these

Ques. : 5 What is the term used for the debt instrument, secured by the collateral of an immovable property, in which the borrower is obliged to pay back the debt on terms agreed upon?1) Lien2) Assignment3) Mortgage4) Hypothecation5) Pledge

Ques. : 6 As per the industry estimates, by 2015-16 the domestic steel capacity of India is slated to go up to _________from the present level of 90 mt.1) 100 mt2) 120 mt3) 135 mt4) 140 mt5) 150 mt

Ques. : 7 What does letter ‘A’ represents in the term CRAR?1) Allocation2) Advance3) Adequacy4) Assets5) None of these

Ques. : 8 The country's largest lender State Bank of India (SBI) has proposed to offer share purchase scheme for all its employees to raise additional equity capital of:1) Rs 500-700 cr2) Rs 600-9200 cr3) Rs 700-1100 cr4) Rs 800-1,200 cr5) Rs 900-1,300 cr

Ques. : 9 The RBI is gearing up to issue new bank licences subject to the Election Commission’s nod as the model code of conduct took effect on 5 Mar. Which of the following is correct in this regard?1) The applicants for new licences include the Aditya Birla group, Anil Ambani’s Reliance group, IDFC, IFCI, L&T Finance Holdings, Muthoot Finance and LIC Housing Finance.2) The applications have been examined by a committee headed by former RBI Governor Bimal Jalan.3) Now, the Finance Minister will examine the applications and forward his views to the committee of the RBI’s Central Board to take the final call.4) All the above5) Only 1) and 2)

Ques. : 10 Which among the following is a landlocked country?

1) Bhutan2) Sri Lanka3) Pakistan4) Myanmar5) None of the above

ANSWERS1. Answer:- 4) Financial Stability and Development Council2. Answer:- 1) Malaysia3. Answer:- 4) All the above4. Answer:- 2) Nepal5. Answer:- 3) Mortgage6. Answer:- 3) 135 mt7. Answer:- 4) Assets8. Answer:- 4) Rs 800-1,200 cr9. Answer:- 5) Only 1) and 2)10.Answer:- 1) Bhutan

Ques. : 1 In his recent visit to east African nations, Chinese Premier Li Keqiang signed a deal with which of the following countries to build a new railway with China financing 90 per cent of the 3.6 billion-dollar project?1) Kenya2) Uganda3) Somalia4) Rwanda5) Ethiopia

Ques. : 2 The former Prime Minister Ehud Olmert was sentenced to six years in prison for the first time in the history of which of the following countries recently? He was sentenced for corrupt practices in a real estate project.1) Spain2) Norway3) Canada4) Holland5) Israel

Ques. : 3 Name the leading Indian IT services company which paid a hefty sum of $34 mn to settle a US visa misuse case in 2013 and now, it will have to retain an independent third-party auditor at its expense to review its visa compliance until 2015.1) Wipro2) TCS3) Infosys

4) HCL5) Tech Mahindra

Ques. : 4 The UN Secretary-General Ban Ki-moon appointed who among the following as the first woman to command a United Nations peacekeeping force? She will serve as commander of about 1,000 UN peacekeepers in Cyprus.1) Kristin Lund2) Ann Dunwoody3) Terry Gabreski4) Michelle Howard5) Janet Wolfenbarger

Ques. : 5 A banking company is required to transfer not less than what per cent out of the balance of profit of each year to the Reserve Fund created under provisions of the Banking Regulation Act, 1949?1) 5 per cent2) 10 per cent3) 15 per cent4) 20 per cent5) None of these

Ques. : 6 International Nurses Day (IND) is celebrated around the world on ______of each year.1) 5 May2) 8 May3) 9 May4) 12 May5) 15 May

Ques. : 7 Which of the following economies of the world have been declared world’s most expensive economies in a ranking released by the World Bank recently?1) UK, Japan2) Bermuda, Denmark3) US, Australia4) Switzerland, Norway5) None of these

Ques. : 8 Which of the following pairs of states and their best practices is NOT matched correctly with respect to the report prepared by consultancy firm Accenture on behalf of DIPP recently?1) Best land acquisition model in the country – Gujarat2) Integrated and comprehensive system for VAT – Karnataka3) Labour management solution – Maharashtra4) Single window clearance – Rajasthan and Punjab5) None of these

Ques. : 9 Which of the following companies tops the Forbes' annual list of the world's 2000 largest and most powerful public companies released recently?1) China Construction Bank2) Citigroup3) JP Morgan4) Industrial and Commercial Bank of China5) Berkshire Hathaway

Ques. : 10 Which of the following aviation academies was selected for the International Arch of Europe Award 2014 recently?1) Ahmedabad Aviation and Aeronautics2) Ahmedabad Aviation and Aeronautics3) Indian Institute of Aeronautics4) Rajiv Gandhi Aviation Academy5) None of these

ANSWERS1.1) Kenya2.5) Israel3.3) Infosys4.1) Kristin Lund5.4) 20 per cent6.4) 12 May7.4) Switzerland, Norway8.5) None of these9.4) Industrial and Commercial Bank of China10.2) Ahmedabad Aviation and Aeronautics

1. Recently which among the following panel recommends one-licence policy for all banks irrespective of the ownership pattern?(1) Nachiket Mor(2) Arvind Mayaram(3) Rajiv Takru(4) C Rangarajan(5) P J Nayak

2. As per the guidelines issued by the RBI, minors above ____ years of age have been allowed to open and operate independently savings bank account and use other facilities like ATM and cheque books?(1) 10 Years(2) 14 years(3) 8 years(4) 15 years(5) None of these

3. What is the name of the India’s own card payment system that has been dedicated to the nation recently by President Pranab Mukherjee?(1) AtmCard(2) RupayCard(3) PaisaCard(4) MoneyCard(5) None of these

4. On 20 March 2014, RBI has proposed to setup of a Trade Receivables and Credit Exchange for financing (TCE) to finance.....1) Exporters of Iron2) Importers of Gold3) Foreign Exchange Dealers4) Bankers and Pawn Brokers5) Micro, Small and Medium Enterprises (MSMEs)

5. RBI has introduced “Marginal Standing Facility” with the objective of: (1) Controlling Inflation(2) Containing instability in long term inter-bank rates(3) Containing instability in the overnight inter-bank rates(4) All of the above(5) None of these

6. Which of the following statements is incorrect regarding RTGS system?(1) The transactions take place in real time(2) The system operates on DNS (Deferred Net Settlement) basis(3) The minimum amount that can be remitted is Rs. 2 lakh(4) Service charges for RTGS transactions vary from one bank to another(5) None of these

7. A bank draft can be defined as a/an(1) Letter from commercial bank(2) Cheque drawn on the bank itself(3) Direction to a banker to collect a customer’s debt(4) Instruction to dishonour a stop payment(5) None of these

8. Recently RBI pegged 2014-15 GDP growth at a central estimate of _____?(1) 6% (2) 6.4%(3) 5.5% (4) 5.4%(5) 5%

9. Examine the following with respect to Exchange Earner’s Foreign Currency Account (EEFC):(A) It is a facility provided to the foreign exchange earner (individual or company)

(B) The account holders are entitled to get only 50 percent of their foreign exchange earnings credited to the account(C) It can be held only in the form of a current with no interest payable on it

Which of the above statements is/are correct?(1) All the above (2) Only A(3) Only B (4) Only A & C(5) Only B & C

10. As per the provision in the new Companies Act, Non-Banking Finance companies (NBFCs) have to maintain what per cent of the monies in low-interest securities or SLR-backed instruments?1) 5 per cent2) 10 per cent3) 15 per cent4) 20 per cent5) 25 per cent

11. Which of the following interest rates signifies RBI’s long term stance of monetary policy?(1) Repo Rate (2) CRR (3) Bank Rate (4) Reserve Repo Rate(5) None of these

12. When RBI sells government securities, its result is that: (1) The liquidity in the banking system increases(2) The liquidity in the banking system remains unchanged(3) The liquidity in the banking system gets diminished(4) None of the above(5) None of these

Answers:1 5 7 2

2 1 8 3

3 2 9 4

4 5 10 35 3 11 3

6 2 12 3

Explanations of some Qs:

1. Reserve Bank of India's P J Nayak panel report calls for single bank licencing regime. The report on banking governance of bank boards, headed by ex-chairman of Axis Bank P J Nayak, said the one-licence regulatory regime for banks with broad-ranging businesses

would also not preclude RBI issuing niche licences under other more narrowly defined, licensing regimes, if it were to choose to do so.

3. The new payment network Rupay developed by the National Payments Corporation of India (NPCI), a not-for-profit company envisioned by the Reserve Bank of India (RBI) and created by the banking industry, covers all the automated teller machines (ATMs) and most of the retail and e-commerce platforms.RuPay is the coinage of two terms Rupee and Payment.

4. The RBI has proposed setting up of a trade receivables and credit exchange (TCE) for financing micro, small and medium enterprises (MSMEs). The proposed model outlines two stages for trade receivables, the primary segment where MSME bills are dematerialised and discounted through the electronic platform through the mechanism of reverse factoring and the secondary market segment where the already factored or discounted invoices are further traded.

5. Under the facility, the eligible entities can avail overnight, up to one per cent of their respective Net Demand and Time Liabilities (NDTL) outstanding at the end of the second preceding fortnight

12. OMOs are the market operations conducted by the Reserve Bank of India by way of sale/ purchase of Government securities to/ from the market with an objective to adjust the rupee liquidity conditions in the market on a durable basis.

When the RBI feels there is excess liquidity in the market, it resorts to sale of securities thereby sucking out the rupee liquidity.

Similarly, when the liquidity conditions are tight, the RBI will buy securities from the market, thereby releasing liquidity into the market.

Ques. : 1 The expert committee headed by former Axis Bank Chairman, PJ Nayak, constituted to review the governance of Boards of Banks in India, submitted its report recently. Which of the following is NOT recommended by the Committee?1) Banks should not be incorporated under the Companies Act.2) A Bank Investment Company should be constituted where the govt holding in all the banks should be transferred.

3) If a bank is identified as ‘distressed’, private equity and sovereign wealth funds should be permitted to take a controlling stake of up to 40 per cent.4) There should be a minimum five-year tenure for bank chairmen and minimum three year tenure for executive directors.5) Constraints like applicability of the Right to Information Act should be rapidly eliminated or significantly reduced in order to avoid erosion of competitiveness.

Ques. : 2 The BJP became the first political party in India to get a majority in the General Election on its own since _______when the Indian National Congress had done so.1) 19522) 19623) 19714) 19845) 1989

Ques. : 3 Name the footballer who agreed to sign a new contract with Barcelona making him the best paid player in the world recently?1) Lionel Messi2) Cristiano Ronaldo3) Neymar4) Gareth Bale5) None of these

Ques. : 4 Who among the following topped the list of UK billionaires made public in London recently?1) Lord Swraj Paul2) Lakshmi N Mittal3) Prakash Lohia4) Srichand and Gopichand Hinduja5) Anil Agarwal

Ques. : 5 The sixteenth Lok Sabha election has created a situation when no single party qualify for a Leader of the Opposition post as the rules mandated that the LoP should be from a party whose members constitute at least ________of the total strength of the House.1) 5 per cent2) 7 per cent3) 10 per cent4) 12 per cent5) 15 per cent

Ques. : 6 Russi Mody, who passed away, recently, was former chief of which of the following companies?1) Tisco (now Tata Steel)2) Telco (now Tata Motors)3) Balco4) Nalco5) None of these

Ques. : 7 Citizens of which of the following counties rejected adopting world’s highest minimum wage (25 dollars an hour) in a referendum held there recently?1) Switzerland2) Norway3) South Korea

4) US5) France

Ques. : 8 India suffered loss to Malaysia in Thomas Cup held in New Delhi recently. Thomas Cup is associated with which of the following games?1) Women’s tennis2) Men’s tennis3) Men’s badminton4) Women’s badminton5) None of these

Ques. : 9 Nabam Tuki was sworn in as the new Chief Minister of which of the following states after the assembly poll held there recently?1) Mizoram2) Manipur3) Tripura4) Arunachal Pradesh5) None of these

Ques. : 10 The RBI is all set to launch one billion plastic notes of Rs 10 denomination in a field trial in five cities selected for their geographical and climatic diversity. Which of the following cities is NOT among them?1) Bhubaneswar2) Jaipur3) Mysore4) Kochi5) Chennai

ANSWERS1. 1) Banks should not be incorporated under the Companies Act.2. 4) 19843. 1) Lionel Messi4. 4) Srichand and Gopichand Hinduja5. 3) 10 per cent6. 1) Tisco (now Tata Steel)7. 1) Switzerland8. 3) Men’s badminton9. 4) Arunachal Pradesh10.5) Chennai

1. Recently RBI has released, the Report of the Technical Committee on Enabling PKI in Payment System Applications. Expand the term PKI.(1) Public Key Information

(2) Public Key Infrastructure(3) Payment Key Information(4) Private Key Infrastructure(5) None of these

2. Which among the following countries was ranked as the cheapest among the major world economies in a latest report by Germany’s Deutsche Bank?(1) India (2) Japan(3) Norway (4) China(5) None of these

3. Which firm became the first Indian retail e-commerce to file for an initial public offering (IPO) on NASDAQ and to be listed on this US stock exchange?(1) Big Bazzar (2) Home Shop 18(3) Fair Price (4) Easyday(5) None of these

4. Which among the following company will acquire Ranbaxy Laboratories Limited for US$4 BILLION as announced by the two companies?(1) Novartis India Ltd (2) Sun Pharmaceuticals Limited(3) Glaxosmithkline Pharmaceuticals Ltd(4) Alpa Laboratories Ltd(5) None of these

5. Recently ING Vysya Life Insurance Company Ltd has become ______?(1) Exide Life Insurance Company(2) General Insurance Company(3) Export Credit Gurantee Insurance Company(4) Oriental Insurance Company Ltd.(5) None of these

6. 18th SAARC Summit 2014 will be held in ____?(1) Sri Lanka (2) Bhutan(3) Maldives (4) Nepal(5) None of these

7. Recently India Election commission has offered its expertise in election management and electoral roll preparations to which among the following countries?(1) Azerbaijan (2) Canada(3) Poland (4) Maldives

(5) Yemen

8. Who among the following is the winner of the GD Birla Award 2013?(1) Rajesh Gopakumar (2) Mathangi Sathyamurthy(3) Vijay Seshadri (4) Ramesh Agrawal(5) None of these

9. Who among the following actress won the Best Actress Award in the National Film Awards 2014?(1) Alka Sahania (2) Geetanjali Thapa(3) Deepika Padukone (4) Katreena Kaif(5) None of these

10. Book: My Years with Rajiv and Sonia is authored by :(1) Sameer Kochhar (2) R L Bhat(3) R.D.Pradhan (4) Kapil Sibbal(5) None of these

Answers:

1 2 6 42 1 7 53 2 8 14 2 9 25 1 10 3