Current RBI Policy & Reserve Rates:

____________________________
Repo Rate: 8% (Unchanged)
Reverse Repo: 7% (Unchanged)
CRR : 4% (Unchanged)
SLR : 23% (Unchanged)
MSF : 9% (Unchanged)
Bank Rate : 9% (Unchanged)
1. Basis points: It is the increase in interest rates in percentage terms. For instance, if the interest rate
increases by 50 basis points bsp), then it means that interest rate has been increase by 50%. One
percentage point is broken down into 100 basis points. Therefore, an increase from 2% to 3% is an
increase of one percentage point or 100 basis points.
2. CRR: Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI
decides to increase the percent of this, the available amount with the banks comes down. RBI is using
this method (increase of CRR rate), to drain out the excessive money from the banks. The current rate is
4%, which means for a cash deposit of Rs. 100, the bank has to park 4 rupee with the central bank.
3. Repo rate: Repo rate is the policy rate and is part of RBIs Liquidity Adjustment Facility (LAF). It is the
rate at which commercial banks borrow from the RBI by selling their securities or financial assets to the
RBI or a short-period of time. It comes with an agreement that the sold securities will be repurchased by
the commercial banks from the RBI at a future date at predetermined price. The repo rate is used by the
central bank to increase liquidity in the system.
4. Reverse repo rate: Reverse Repo Rate is also a part of LAF. It is the rate of interest at which the
central bank borrows funds from other banks for a short duration. The banks deposit their short term
excess funds with the central bank and earn interest on it. This rate is used by the central bank to absorb
liquidity from the economy. Generally it is one percentage less than the Repo rate.
5. Bank rate: The only way the bank rate is different from the repo rate is that the bank rate is the rate at
which banks borrow money from the central bank without any sale of securities. It is generally for a longer
period of time
6. Marginal Standing Facility: The Reserve Bank of India in its monetary policy for 2011-12 introduced the
marginal standing facility under which banks could borrow funds from RBI when there is a considerable
shortfall of liquidity. This measure has been introduced by RBI to regulate short-term asset liability
mismatches more effectively. Under this facility, banks can borrow up to 1% of their net demand.
7. Liquidity Adjustment Facility: Under this facility, banks borrow from the central bank by pledging
government securities.
8. Statutory Liquidity Ratio: This is the percentage of deposits that banks must mandatorily hold in the
form of government bonds. SLR bonds are liquid assets that can be sold at a short notice to meet any
unexpected demand from depositors.

1. S.K. Jain was arrested by the Central Bureau of Investigation in connection with a bribery case on
August 2, 2014. He was the Chairman and Managing Director of which of the following public sector
banks?
1) Canara Bank
2) Vijaya Bank
3) Allahabad Bank
4) Bank of India
5) Syndicate Bank
2. Which team won the men's hockey gold medal at the 20th Commonwealth Games in Glasgow on
August 3, 2014?
1) India
2) Australia
3) NewZealand
4) England
5) Netherlands
3. The Human Resources Development Ministry has set up a committee to restructure University Grants
Commission, the apex regulatory body for higher education in India. It will be headed by?
1) C.M. Jariwala
2) Kapil Kapoor
3) Hari Gautam
4) P. Venkatram Reddy
5) None of these
4. U.S. Defense Secretary visited India in August 2014. Name him?
1) John Kerry
2) Jack Lew
3) Eric Holder
4) Chuck Hagel
5) Tom Vilsack
5. Identify the mismatched pair?
1) Bank rate - 9%
2) Repo rate - 8%
3) Reverse repo rate -7%
4) Cash reserve ratio -3%
5) Statutory liquidity ratio -22%
6. Kamla Beniwal has been removed as Governor of which of the following States?
1) Sikkim
2) Manipur
3) Tripura
4) West Bengal
5) Mizoram
7. Didier Drogba has announced his retirement from international football after playing 12 years for?
1) Nigeria
2) Algeria
3) IvoryCoast
4) Cameron
5) Morocco
8. Sri Lankan veteran batsman Kumar Sangakkara hit a double century for the 10th time in Test Cricket
on August 9, 2014. Who holds the world record with 12 double centuries?
1) Brian Lara
2) Wally Hammond
3) Mahela Jayawardene
4) Don Bradman
5) Sachin Tendulkar
9. A special court in which of the following countries has awarded the death penalty to Paresh Barua,
chief of the breakaway United Liberation Front of Asom (ULFA) faction, in connection
with an arms haul in 2004?
1) Myanmar
2) China
3) Bangladesh
4) Bhutan
5) Nepal
10. Which country's central bank allowed the Chinese Yuan, Indian Rupee, Japanese Yen and Australian
Dollar to be added into the basket of multiple currencies to be circulated inside the country?
1) Russia
2) South Africa
3) Bhutan
4) Nigeria
5) Zimbabwe
11. Which country will sell ShinMaywa US-2 amphibious planes to Indian Navy?
1) China
2) USA
3) Israel
4) Japan
5) Sweden
12. What does the letter 'S' denote in the banking term MSF?
1) Statutory
2) Subsidy
3) Standing
4) Standard
5) None of these
13. Which of the following teams won their first ICC Under-19 World Cup title in Dubai on March 1, 2014?
1) South Africa
2) Pakistan
3) India
4) Australia
5) England
14. Lakshmi Swaminathan is the first Indian to become the President of the Administrative
Tribunal of the?
1) World Bank
2) World Trade Organization
3) Asian Development Bank
4) International Monetary Fund
5) None of these
15. Nishi Vasudeva took charge as the Chairperson and Managing Director of which of the following
companies on March 1, 2014?
1) OIL
2) IOC
3) ONGC
4) BPCL
5) HPCL
16. Russia signed a historic border treaty with which of the following countries on February
18, 2014?
1)Ukraine
2) Georgia
3) Kazakhstan
4) Latvia
5) Estonia
17. Nandankanan Zoological Park is located in which of the following States?
1) Tamil Nadu
2) Kerala
3) Odisha
4) Karnataka
5)West Bengal
18. India's first wild dog breeding centre will come up at Indira Gandhi ZoologicalPark (IGZP) in?
1) Bhubaneswar
2) Kolkata
3) Chandigarh
4) Visakhapatnam
5) Hyderabad
19. Which of the following films received ten Academy Award nominations but did not win in any
category?
1) Frozen
2) Helium
3) The Lady in Number 6
4) 20 Feet from Stardom
5) American Hustle
20. At the 86th Academy Awards Gravity won the most awards with seven including best Director for?
1) David O. Russell
2) Alexander Payne
3) Martin Scorsese
4) Alfonso Cuaron
5) None of these
21. Who became the first black director to direct a Best Picture winner at the 86th Academy Awards in
March 2014?
1) Michael Haneke
2) Steve McQueen
3) Benh Zeitlin
4) Ang Lee
5) None of these
22. Identify the mismatched pair with regard to the 86th Academy Awards?
1) Best Picture - 12 Years a Slave
2) Best Actress - Cate Blanchett
3) Best Supporting Actor - Jared Leto
4) Best Supporting Actress - June Squibb
5) Best Actor - Matthew McConaughey
23. Killa bagged the Crystal Bear for the Best Film awarded by the Children's Jury in Generation K plus
section at the 64th Berlin International Film Festival in February 2014. Killa is a?
1) Bengali film
2) Hindi film
3) Marathi film
4) Odia film
5) Punjabi film
24. Nido Tania died after being beaten up in New Delhi, triggering widespread protests. He was a student
from?
1) Sikkim
2) Manipur
3) Assam
4) Meghalaya
5) Arunachal Pradesh
25. Mount Kelud erupted recently. It is a volcano located in?
1) Philippines
2) Indonesia
3) Ecuador
4) Japan
5) None of these
26. Mount Kumgang or Diamond Mountain is located in which of the following countries?
1) North Korea
2) South Korea
3) China
4) Vietnam
5) Japan
27. Yobe State is in the news recently. It is a State located in?
1) Syria
2) Nigeria
3) Iraq
4) South Africa
5) South Sudan
28. Which of the following is the capital of North Korea?
1) Hamhung
2) Chongjin
3) Pyongyang
4) Kaesong
5) Wonsan
29. Who is the first woman to be appointed as CMD of a Navratna public sector undertaking
(PSU)?
1) Surekha Marandi
2) Shubhalaxmi Panse
3) Nishi Vasudeva
4) Suma Varma
5) Bharati Rao
30. A Central Water Commission (CWC) report has recommended scrapping of 15 of the 44 dams
planned across the Siang River in?
1) Assam
2) Nagaland
3) Tripura
4) Arunachal Pradesh
5) Jammu & Kashmir
31. The Lakhwar Dam is a gravity dam currently under construction on which of the following rivers in
Dehradun district of Uttarakhand?
1) Gandak
2) Gomti
3) Koshi
4) Ken
5) Yamuna
32. India's first ever river-linking project Narmada-Kshipra link project was inaugurated in February 2014.
It is in?
1) Gujarat
2) Madhya Pradesh
3) Maharashtra
4) Chhattisgarh
5) Jharkhand
33. Who was given the Rotary's highest award for his/her leadership in the country's
victory over Polio?
1) Manmohan Singh
2) Ghulam Nabi Azad
3) Pranab Mukherjee
4) Hamid Ansari
5) Sonia Gandhi
34. Which of the following was adjudged the Best National Sports Federation (NSF) by the Federation of
Indian Chamber of Commerce and Industry (FICCI) in New Delhi in February 2014?
1) National Rifle Association of India
2) Federation of Motor Sports Club of India
3) Billiards and Snooker Federation of India
4) All India Football Federation
5) None of these
35. Megha-Tropiques and AltiKa are the satellites launched by India and?
1) Germany
2) Spain
3) Russia
4) Japan
5) France
36. Which was the first paper currency note issued by the Reserve Bank of India in January 1938?
1) Five Rupee note
2) Ten Rupee note
3) 100 Rupee note
4) 1000 Rupee note
5) 10,000 Rupee note
37. The printing of notes in the denomination of which of the following has been discontinued?
1) Rupee 1
2) Rupee 2
3) Rupee 5
4) Both 1 and 2
5)All 1, 2 and 3
38. Cheyenne Woods of USA is a renowned player in which of the following sports?
1) Chess
2) Squash
3) Golf
4) Tennis
5) Basketball
39. U.K. Sinha has got a two-year extension till 2016 to continue as the Chairman of which of the
following regulators?
1) FMC
2) PFRDA
3) SEBI
4) AERA
5) IRDA
40. Which of the following teams won the Federation Cup football at the Jawaharlal Nehru stadium in
Kochi, Kerala on January 25, 2014?
1) Churchill Brothers
2) Sporting Goa
3) United
4) Eagles
5) Mohun Bagan
41. Who developed a cheap, simple, paper test that can detect cancer in February 2014?
1) Sangeeta Bhatia
2) Shubham Banerjee
3) Harminder Dua
4) V.V. Dongre
5) None of these
42. The Foreign Investment Promotion Board (FIPB) is a government body. Who is the Chairman of
FIPB?
1) Secretary, Department of Economic Affairs
2) Secretary, Department of Industrial Policy and Promotion
3) Secretary, Department of Commerce
4) Secretary, Ministry of External Affairs
5) None of these
43. India signed a double taxation avoidance treaty with which of the following countries in Zagreb on
February 12, 2014?
1) Montenegro
2) Macedonia
3) Croatia
4) Serbia
5) Bosnia Herzegovina
ANSWERS:
1. 5; 2. 2; 3. 3; 4. 4; 5. 4; 6. 5; 7. 3; 8. 4; 9. 3; 10. 5;
11.4; 12. 3; 13.1; 14. 3; 15. 5; 16.5; 17. 3; 18. 4; 19. 5; 20. 4;
21.2; 22. 4; 23. 3; 24. 5; 25. 2; 26.1; 27.2; 28.3; 29.3; 30.4;
31.5; 32.2; 33.3; 34.4; 35.5; 36.1; 37.5; 38.3; 39.3; 40.1;
41.1; 42.1; 43.3.

New Appointment in India
______________________
1. R.M.Lodha: New Chief Justice of India. He is the 41st Chief Justice of India. He succeeds Justice P.
Sathasivam.
2. Lt Gen Dalbir Singh Suhag: appointed new Army Chief. He succeed Gen Bikram Singh.
3. R Gandhi appointed Deputy Governor of RBI. He replace Anand Sinha
4. Robin K Dhowan: appointed New Navy Chief.
5. Arup Raha new Air Chief Marshal. He succeeded NAK Browne.
6. Arvind Mayaram: appointed new Finance Secretary. He replace Sumit Bose
7. Saurabh Chandra: new Oil Secretary.
8. Rajiv Takru: appointed Revenue Secretary
9. Sudhir Gupta: appointed new TRAI Secretary
10. Rajeev Kher: appointed new Commerce Secretary. He replace S R Rao
11. Ashok Lavasa: appointed Civil Aviation Secretary. He replace K N Srivastava.
12. Justice G. Rohini: become the first woman Chief Justice of the Delhi High Court.
13. Ila Patnaik: appointed as Principal Economic Advisor
14. Retired Air Chief N A K. Browne appointed new Indian envoy to Norway.
15. Rahul Kulshreshth appointed new Indian envoy to Turkey
16. Sunil Gavaskar: interim President of BCCI
17. G. Gopalakrishna: joined as director of Centre for Advanced Financial Research and Learning
(CAFRAL).
18. Suresh Kumar Reddy appointed as the First ambassador to ASEAN
19. Ms. Lakshmi Swaminathan became the first Indian to become president of Administrative Tribunal of
the Asian Development Bank (ADB)
20. Lalit Modi elected president of Rajasthan Cricket Association.
21. Arundhati Bhattacharya: SBI's first woman Chairman
22. Akhilesh Gupta: elected as President of the Indian Meteorological Society
23. Tom Albanese: New CEO of Mining conglomerate Vedanta Resources:
24. Soma Mondal appointed first Women director of National Aluminium Company Ltd (NALCO).
25. Amitabh Kant, CEO and Managing Director of the Delhi Mumbai Industrial Corridor Development
Corporation, take charge as Secretary, Department of Industrial Policy and Promotion.
26. Thomas Mathew: New Chairman of MCX Stock Exchange
27. D K Pathak: new Director General of the Border Security Force (BSF).
28. Sheila Dikshit: New Governor of Kerala.
29. Dinesh Sarraf: appointed as Chairman and Managing Director (CMD) of Oil and Natural Gas
Corporation (ONGC). He replaced Sudhir Vasudeva.
30. Gautam Bambawale: new Indian ambassador to Bhutan
31. Jude Felix: appointed coach of the National mens hockey team.
32. Yaduvendra Mathur: appointed as Chairman and Managing Director of Export-Import Bank of India
(Exim Bank)
33. Rakesh Maria: appointed as a new Police Commissioner of Mumbai. He replace Satyapal Singh.
34. A L Banerjee. New DGP of UP (Uttar Pradesh): He succeeds Rizwan Ahmad.
35. Aditi Khanna became first women President of Indian Journalist's Association
36. Mukul Mudgal: appointed as the new chairperson of Broadcasting Content Complaints Council
(BCCC)
37. R.K.Tiwari: appointed as the new chairman of Central Board of Direct Taxes (CBDT). He succeed
Chairperson Sudha Sharma.
38. N. Srinivasan to be new Chairman of ICC from July 2014 onwards
39. Poonam Khetrapal Singh: appointed as Regional Director of World Health Organisation (WHO)
South-East Asia Region
Note:
i. SEARO is one of the six regions of World Health and its headquarters is in New Delhi.
ii. SERO has 11 countries namely India, Nepal, Bhutan, Bangladesh, Myanmar, Thailand, Indonesia, Sri
Lanka, Maldives, Timor Leste and DPR Korea.
40. Justice Ashok Kumar Mathur: appointed Chairman of the 7th Pay Commission
41. T. Nanda Kumar: new Chairman of the National Dairy Development Board (NDDB), replace Amrita
Patel
42. Akhilesh Das Gupta reelected president of the Badminton Association of India (BAI)
43. P. Madhusudan: appointed Chairman and Managing Director (CMD) of Rashtriya Ispat Nigam Ltd
(RINL)
44. N Ramachandran: New President of Indian Olympic Association (IOA)
45. Ratan Tata appointed member of Chinabacked Board of Boao Forum for Asia (BFA)
46. Arvind Ranjan :appointed new Chief of Central Industrial Security Force (CISF)
47. J N Choudhury : appointed new Chief of National Security Guard (NSG).
48. Vinod Kumar Duggal: appointed as the Governor of Manipur. He replace Ashwani Kumar.
49. Siddarth Birla: New President of FICCI (Federation of Indian Chambers of Commerce and Industry).
He succeeded Naina Lal Kidwai.
50. Usha Sangwan appointed first woman managing director of Life Insurance Corporation of India (LIC)
51. Sushma Singh New CIC (Chief Information Commissoner). She is the second woman to become CIC
after Deepak Sandhu.
52. Harsh Bhanwala: New Nabard Chairman. Bhanwala succeeded Prakash Bakshi.
53. Krish Iyer named CEO of Walmart India. He replace Ramnik Narsey.
54. P.H. Parekh elected as the President of Supreme Court Bar Association.
55. Devendra Kumar Pathak: appointed as the Special DG, Border Security Force (BSF)
56. Justice B.S. Chauhan, a Judge of the Supreme Court appointed as the Chairman of the Cauvery
Water Disputes Tribunal. He
succeed Justice NP Singh.
57. Harish Rawat: New Chief Minister of Uttarakhand