1. Who is the present Telecom Minister? a)Manmohan Singh a)UNESCO a)Russia a)China Bulava?

a)Russia b)China c)North Korea d)China d)Iran e)Russia e)none 6. Which country has approved worlds biggest Solar Power Project? a)US b)India country? a)Pakistan a)July 16 b)Australia c)Libya d)Nepal e)China d)October 16 e)none 8. World Food Day is observed on which of the following days? b)September 16 c)June 16 9. In the recent past the name Julian Assange has came in most of the news channels and news papers. He belongs to which of the following? a)Facebook a)Income tax b)Wikipidea b)Wealth tax c)Google d)Wikileaks e)none e)Sales tax 10. Which of the following is not a direct tax? c)Corporate tax d)a,b & c
Posted by Varun Reddy at 22:00 7 comments

b)A Raja

c)Kapil Sibal

d)Sachin Pilot e)none

2. Which organization has launched Awaaz Do with the support of GOI? b)UNICEF c)UN d)WHO c)India c)US e)none 3. Which Country will build countrys first industrial solar power station near Black sea? b)China b)Russia d)Japan e)none d)France e)Britain 4. Which country has supplied F-16 combat jets to Pakistan? 5. Which of the following countries has test fired intercontinental ballistic missile

c)Britain

7. India has lifted ban on emigration clearance for employment on which of the following

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Monday, December 20, 2010

Current Events - November 2010

1. The United Arab Emirates (UAE) has emerged as the country's largest trading partner in term of total trade exchange in the first half of 2010.

2. The Government has launched a special scheme for the health and well-being of adolescent girls as a pilot project in 200 most backward districts of the country. 'Sabla' or the 'Rajiv Gandhi Scheme for Adolescent Girls' would be launched in 22 districts of Uttar Pradesh, 15 districts of Madhya Pradesh, 12 of Bihar, 12 of Sikkim, 11 districts of Maharashtra and 10 districts of Rajasthan. 3. Former Test captain Anil Kumble elected as the President of the Karnataka State Cricket Association while former pace duo of Javagal Srinath and Venkatesh Prasad were elected as Secretary and Vice President respectively.

4. Actress Aishwarya Rai Bachchan honoured with Teacher's People Achiever Award. 5. India and Norway joined hands to set up a centre in Chennai to protect the bio-diversity to help tackle threats of climate change. 6. India has pledged to provide a grant assistance of Rs 16.19 million to Nepal for construction of 350 tube-wells in the southern region of the country. 7. State-run Coal India has become the third most powerful Indian company with a total market capitalisation (m-cap) of Rs 2,09,671.57 crore and is only lagging behind RIL and ONGC. 8. Punjab Government has brought Sain Samaj under Shagun scheme to provide financial assistance of Rs 15000 to the daughters of Sain Samaj at the time of their marriage. 9. Noted Malayalam film and stage actress Shanta Devi died.

10. Malaysia has emerged as one of the the most favourite destinations in the Asia Pacific for Indian travellers, according to a new survey.
Posted by Varun Reddy at 20:22 0 comments Labels: Anil Kumble, Brijesh Patel, India, Javagal Srinath, Karnataka State Cricket Association, Roger Binny, United Arab Emirates, Venkatesh Prasad

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Wednesday, December 15, 2010

Current Affairs Quiz 2010-11

1. Who is the head of the committee constituted by Prime Minister to probe corruption in 2010 Commonwealth Games? a)Sam Pitroda a)Washington a)US b)France b)Shantanu Consul b)Geneva c)Pargat Singh d)New York d)V K Shunglu e)none e)none 2. 2010 United Nations Climate Conference was held in ______? c)Cancun 3. Which Country has launched the Worlds first Synthetic jet fuel? c)South Africa b)Andy Murray d)Japan e)India c)Andy Roddick d)Roger Federer e)none 4. Who won the 2010 ATP World Tour Title? a)Rafael Nadal 5. Tertiary sector contributes maximum to Indian GDP. Tertiary sector is also known as _________ sector? a)Banking Sector e)Service Sector 6. Armando Emilio Guebuza recently visited India. He is the _______? a)Prime Minister of Mozambique b)President of Madagascar c)President of Mozambique d)Prime Minister of Madagascar b)Primary Sector c)Secondary Sector d)Agriculture Sector

e)none 7. Who won the 2010 Mahatma Gandhi Peace Award? a)John Brumby a)V S Naipaul b)Aund San Suu Kyi b)Salman Rushdie c)Sheikh Hasina c)K R Narayanan d)Barack Obama e)none d)Nelson Mandela e)none 8. Who is the author of the book The Masque of Africa? 9. Which two countries have agreed to resume direct flights between their capitals for the first time in three decades? a)India and Iran b)Egypt and Iran c)Cuba and US d)US and Iran e)none 10. Recently Shimla has been declared the fourth smoking free city in India after Chandigarh, Kottayam and Sikkim?
Posted by Varun Reddy at 23:13 9 comments Labels: 2010 ATP World Tour, Andy Murray, Andy Roddick, Armando Guebuza, Rafael Nadal, Sam Pitroda, Tertiary sector of the economy, Tom Berdych

November Current Affairs -2010

y y India has become Israel's second largest export destination after the United States, as the Jewish state focusses on tapping potential in the Asian markets. Minister of State in the Prime Minister's Office Prithviraj Chavan has been named the next Maharashtra Chief Minister. Nationalist Congress Party (NCP) leader Ajit Pawar, nephew of party chief Sharad Pawar and a minister named Maharashtra's next deputy chief minister after Chhagan Bhujbal. y Iconic Indian batsman Sachin Tendulkar, who is set to become only the second player(After Javed Miandad) in the history of cricket to play six ODI World Cups, named the official ambassador of the event to be held in the sub-continent next year. y Rajkumar Hirani's "3 Idiots" continued with its award-winning spree bagging top honours at the Global Indian Music Awards (GIMA) which was held in Mumbai. The movie took home the best film album. y y As part of its administrative reforms process, Punjab aims to become the first state in the country to achieve complete computerisation of land records by March 31, 2011. India owns over 18,000 tonnes of above ground gold stocks worth approximately $ 800 billion and representing at least 11 per cent of global stock, according to estimates of

World Gold Council. In 2009, total Indian gold demand reached $ 19 billion, or Rs 974 billion, which accounts for 15 per cent of the global gold market, according to WGC. y y Noted Telugu film producer D V S Raju passed away. India is set to become the fastest growing major economy in the world by 2012 and will be third largest by GDP-size in the next two decades, behind China and the USA, a global study by British banking giant Standard Chartered said. y China has overtaken US in the global supercomputing race as it has been confirmed as the creator of the world's fastest supercomputer, according to a latest survey. The Tianhe1A, which means meaning Milky Way is capable of 2.67 quadrillions of computing operations per second, earning it the number one spot in the Top 500 list of the world's most powerful supercomputers. y Free trade agreement (FTA) between India and Canada will help push bilateral trade to USD 15 billion in 5 years. Bilateral trade was close to USD 4.2 billion last year.
Posted by Varun Reddy at 22:37 0 comments Labels: Ajit Pawar, Chhagan Bhujbal, Chief Minister, Nationalist Congress Party, Prithviraj Chavan, Sachin Tendulkar, Sharad Pawar, United States

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Tuesday, November 30, 2010

Current Affairs 2010-11

1. Who has been elected as the President of Indian Newspaper Society for the year 201011? a)K.N Tilak Ram a)Leela Naidu a)RBI a)third a) TRAI b)Rakesh Sharma b)Shabana Azmi c)Kundan R.Vyas d)V.Shankaran e)none e)none 2. Recently who among the following conferred with Taj Enlighten Tareef Award? c)Javed Akthar d)Both a& b e)none 3. Base Rate of banks is fixed by ______? b)Finance Minister b)fifth b)SEBI c)seventh c)BSE c)Both a & b d)second d)RBI d)Banks 4. India is the ___ Largest Producer of Vehicles in the World? e)none of these 5. ______ is a Insurance Regulator in India? e)IRDA 6. Micro Credit in India comes under ________?

a)Private Banking a)`1,00,000

b)NBFC

c)Rural Banking

d)Cooperative Banking e)`5,00,000

e)none

7. What is the present limit for money transfer in RTGS? b)`1,50,000 c)`2,00,000 d)`2,50,000 8. Which is the only Asian country represented in the G-8 group? a)India b)South Korea c)China d)Japan e)none 9. Bad Loans can be described as NPA (Non Performing Assets) in banking terminology? 10. A/c to the recent report of ADB, what is Indias urbanization rank in Asia(% of population living in urban areas)? 34th.
Posted by Varun Reddy at 23:27 8 comments Labels: Amitabh Bachchan, India, Indian Newspaper Society, Leela Naidu, Rakesh Sharma, Run batted in,Securities and Exchange Board of India, Shabana Azmi

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Sunday, November 21, 2010

Gk Quiz 2010
1. RBI has approved the merger of Bank of Rajasthan' with ICICI bank. 2. Who got the 2010 Commonwealth Writers Prize for the book Solo' - Rana Dasgupta. 3. Which day has been observed as the International Day of Older Persons(IDOP) - Oct 1st. 4. What is the Indias rank in the new Global Hunger Index by the International Food Policy Research Institute - 67. 5. Gourde is the currency of which country? a)Bhutan b)Haiti c)Norway d)Chile e)none

6. India has won 101 medals in 2010 Commonwealth Games. In which sport India has won maximum no. of gold medals? a)Wrestling b)Boxing c)Shooting d)Badminton e)Weightlifting 7. Which of the following country is not elected to UNSC as a non-permanent member for a two year term on the council starting from Jan 1st 2011? a)India b)Kazakhstan c)South Africa d)Germany e)Portugal 8. Which of the following ministry has re-launched the PURA(Provision of Urban Amenities in Rural Areas) Scheme? a)Ministry of Urban Development b)Ministry of Rural Development c)Ministry of Health & Family Welfare

d)Ministry of Finance e)Ministry of Social Justice and Empowerment 9. Who among the following has been chosen for ICC Cricketer of the Year 2010? a)Sachin Tendulkar of these 10. Who won the 2010 Champions League Twenty20? a)Mumbai Indians Kings e)none
Posted by Varun Reddy at 21:59 6 comments Labels: Barack Obama, Global Hunger Index, India, International Day of Older Persons, United Nations,United Nations Security Council, United States, UNSC

b)A B de Villiers

c)Virender Sehwag

d)M S Dhoni

e)none

b)Royal Challengers Bangalore

c)Warriors

d)Chennai Super

General Awareness Quiz 76 - 2010

1. Based on monthly wholesale price index (WPI), the annual rate of inflation stood at ___ percent for the month of September 2010? a)8.51 a)Goa b)5.44 b)Punjab c)8.6
th

d)11.6

e)none d)Goa e)West Bengal d)Sudesh Mahto e)none d)Michelle Obama e)Irene e)none of these

2. Who is the winner of 64 edition of Santhosh Trophy? c)Tamil Nadu 3. Who is the present Chief Minister of Jharkhand? a)Shibu Soren a)Australia b)Madhu Koda b)England c)India c)Arjun Munda d)West Indies c)Sonia Gandhi 4. Which of the following is the first team to play 900 Test matches in cricket history? 5. Who is the most powerful women in the world in 2010, compiled by Forbes? a)Angela Merkel b)Indra Nooyi Rosenfeld 6. What is the present Repo rate? a)5.75 b)6.00 c)6.25 d)5.25 e)none b)The Act of Love c)Wolf Hall d)Kalooki Nights e)none 7. Howard Jacobson won the 2010 Man Booker Prize for his novel _____? a)The Finkler Question 8. Recently Pranab Mukherjee has won which of the following award? a)Worlds Best Finance Minister of the year 2010 b)Asias Best Finance Minister of the year 2010

c)Indias Best Finance Minister of the year 2010 d)Both b & c e)none 9. Who among the following is the worlds highest paid female athlete by Forbes magazine? a)Maria Sharapova a)Abhinav Bhindra Narang 11. Prime Minister Manmohan Singh has released a commemorative stamp on _________? a) J S Mohammed Ali Shihab Thangal b)Maulana Mohammad Ali Rahman d)Syed Ahmad Khan b)England c)3.5% e)none d)Argentina e)Australia 12. Which country has won the 2010 Women's Hockey World Cup? a)Netherlands a)3% b)3.25% c)Germany d)3.75% 13. What is present interest rate on Savings bank account? e)4.0% d)Hari Prasad Chaurasia e)none 14. Who has been bagged the prestigious Akshaya Samman award for the year 2010? a)Manna De b)Ilaiyaraja c)A R Rehman 15. Which of the following films has been nominated for 2011 Oscar awards in Best fim in Foreign Category? a)Paa b)Rajneeti c)Kites d)Peepli Live e)none of these c)Pratibha Patil d)A P J Abdul Kalam 16. Who among the following has been awarded with The World Statesman Award? a)Manmohan Singh e)none 17. Who has been awarded 'Rabindranath Tagore Peace Prize' 2010? a)Nafisa Ali Sarabhai b)Irom Chanu Sharmila c)Jyotirmoyee Devi d)Anasuyaben e)none b)Satya Vrat Shastri c)Ravindra Kelekar d)Akhlaq Khan b)Sonia Gandhi c)S Ubaidur b)Serena Williams b)Saina Nehwal c)Danika Patrick c)Mary Kom d)Kim Yu-Na e)none 10. Who has become the first Indian to qualify for 2012 London Olympics? d)Pankaj Advani e)Gagan

18. Who among the following has chosen for Jnanpith Award for the year 2008? a)O.N.V.Kurup Shahryar e)none of these

19. Who among the following has chosen for 2009 Indira Gandhi National Integration Award? a)A R Rehman e)Both a & c 20. Recently Puttaraj Gawai has been passed away. He was a famous ______? a)Social Activist e)none
Posted by Varun Reddy at 20:03 10 comments Labels: All Jharkhand Students Union, Arjun Munda, Bharatiya Janata Party, Jharkhand Mukti Morcha, List of Chief Ministers of Jharkhand, Madhu Koda, Shibu Soren, Sudesh Mahto

b)Balraj Puri

c)Ramakrishna Mission Ashram

d)Javed Akhtar

b)Hindustani Classical musician

c)Journalist

d)Politician

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Friday, November 12, 2010

Nobel Prize Winners 2010

Every year since 1901 the Nobel Prize has been awarded for achievements in physics, chemistry, physiology or medicine, literature and for peace. The Nobel Prize in Economics was first awarded in the year 1969. The Nobel Prize is an international award administered by the Nobel Foundation in Stockholm, Sweden. Each recipient, or laureate, is presented with a gold medal, a diploma, and a sum of money which depends on the Nobel Foundation's income that year. List of 2010 Nobel Prize Winners: y The Nobel Prize in Peace has been given to Liu Xiaobo "for his long and non-violent struggle for fundamental human rights in China".

The Nobel Prize in Medicine has been given to Robert G. Edwards "for the development of in vitro fertilization".

The Nobel Prize in Literature has been given to Mario Vargas Llosa "for his cartography of structures of power and his trenchant images of the individual's resistance, revolt, and defeat".

The Nobel Prize in Physics has been given to Andre Geim and Konstantin Novoselov "for groundbreaking experiments regarding the two-dimensional material graphene".

The Nobel Prize in Chemistry has been given to Richard F. Heck, Ei-ichi Negishi and Akira Suzuki "for palladium-catalyzed cross couplings in organic synthesis"

The Nobel Prize in Economic Sciences has been given to Peter A. Diamond, Dale T. Mortensen and Christopher A. Pissarides "for their analysis of markets with search frictions".

Posted by Varun Reddy at 21:55 4 comments

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Wednesday, November 10, 2010

Current Affairs Quiz 75 - 2010

1. Which of the following Indian city has been named among the top four Livable cities in the world? a)Mumbai b)New Delhi c)Ahmedabad d)Bangalore e)Hyderabad 2. Recntly which country has become full fledge member of Financial Action Task Force(FATF)? a)Bangladesh a)China b)US b)Pakistan c)Russia c)China d)India d)India e)Britain e)none 3. Which country is building the Worlds largest telescope in Antarctica?

4. Who won the Next Step Foundation 2010 Award? a)Veerappa Moily b)Sharad Pawar
th

c)Manmohan Singh c)Christian Wulff

d)Sonia Gandhi e)none d)Juan Manuel Santos

5. Who has been sworn in as 59 President of Colombia? a)Michael Bloomberg e)none 6. Who has been appointed as the new vice president of ICC? a)John Howard b)Sharad Pawar c)Alan Isaac d)Malcom Speed e)none b)Julia Gillard

7. Who has been chosen for the Lal Bahadur Shastri Award for Excellence in public administration, academics and management for 2010? a)Aditi Lahiri b)Aruna Roy c)Bharat Bhasker d)Girish Tewari e)none 8. Ravindra Kelekar has been presented the coveted 2006 Jnanpith Award for his contribution to the world in Literature. He was a famous write in which language? a)Konkani b)Hindi c)Bengali d)Sanskrit e)none d)Kareena Kapoor e)Sunil 9. Who among the following received the 2010 National Amity Award? a)Yash Chopra Dutt 10. Who has been conferred as Businessman of the Decade Award? a)Narayana Murthy Premji 11. Which is the first state in the country to launch the Pradhan Mantri Adarsh Gram Yojana(PMAGY)? a)Gujarat b)Rajasthan c)Uttar Pradesh d)Bihar e)Assam 12. With which country India has inked a deal for purchase of 57 Hawk Advanced Jet Trainer Aircraft? a)US a)58 b)Britain b)60 c)62 c)Israel d)65 d)Russia e)none e)none 13. What is the present Retirement age of High court judges? 14. Who is the head of National Innovation Council to prepare road map for the decade of Innovation 2010-2020? a)Kapil Sibal a)50 b)75 b)A S Murthy c)100 d)125 c)Manmohan Singh e)150 b)Poverty c)Inflation d)Per capita Income d)Aravind Adiga e)Illiteracy e)Howard d)Sam Pitroda e)none 15. How many crores has been allocated for the Leh Cloudburst Victims? 16. 2010Stand Up, Take Action is a campaign against ______? a)Commonwealth Games a)Kiran Desai Jacobson 17. The Winner of 2010 Man Booker Prize? b)Anne Enright c)Hillary Mantel b)Mukhesh Ambani c)Ratan Tata d)Lakshmi Mittal e)Azim b)Amir Khan c)Amitabh Bachchan

18. The 2010 Asia-Europe Meeting (ASEM) summit was held in ______? a)Beijing a)India a)Rome b)Bangkok b)China c)Seoul d)Brussels d)Canada e)London e)none e)Melbourne 19. Which Country has won highest gold medals in XIX Common wealth Games 2010? c)Australia c)Beijing 20. XX Commonwealth Games 2014 will be held at _____? b)London d)Glasgow
Posted by Varun Reddy at 22:02 7 comments Labels: Juan Manuel Santos, Julia Gillard, Manmohan Singh, Michael Bloomberg, New Delhi, Sharad Pawar, Sonia Gandhi, Veerappa Moily

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Sunday, August 22, 2010

Current Affairs July 2010(Short Answers)

y y y y y y y y y y y y Head of the Committee instituted by RBI to look into the interest rates and bank fees, charges & services M Damodaran. Which committee recommended 15-20% variable component in the salary package for PSB employees, instituted by Finance minister A K Khandelwal. RBI has revised the norms for __________ for giving loans to the housing and real estate segment Urban Cooperative Banks(UCBs). SEBI has announced that MF distributors and agents will now need a NISM certificate to sell policies. What is the full form of NISM - National Institute of Securities Market. RBI has advised all banks to print IFSC on cheque leaves issued to customers. IFSC stands for- Indian Financial System Code. India has emerged as the ___ most preferred destination for retailers in the world -39th. Indias first Anti-submarine warfare Corvette INS Kamorta. _____ banks are recently allowed by the RBI to open ATMs at places other than their branches without prior approval Urban Cooperative banks. National Florence Nightingale Award 2010 was given to A P Subhadra. Government has fixed FRP of Sugarcane for the year 2010-11 at Rs. 139.12 per quintal. FRP stands for - Fair and Remunerative Price. Indias trade deficit during 2009-10 - $102.1 billions. Asian Banker Achievement award given to SBI.

Who is the head of the committee for comprehensive review of National Small Savings Fund(NSSF) structure , interest rates, tenor and other administrative matters Shyamala Gopinath. ____ company offered to provide cloud computing solutions t Rural Banks Polaris. Chairman of RBI working group on BPLR on the basis of which Base Rate System is slated to switch over by the banks Deepak Mohanty.
Posted by Varun Reddy at 17:58 6 comments Labels: Banking Sector, Cooperative Banks, Finance minister, Mutual Fund, RBI, Rural, SEBI

y y

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Sunday, August 15, 2010

Current Events in July 2010

Symbol of Indian Rupee: The Union Cabinet on Thursday approved the design, which includes both the Devnagiri 'Ra' and the Roman capital 'R' and has two parallel lines running at the top. The parallel lines symbolize the equal to sign. With this India will join an elite group of countries (like the US
dollar, euro, British pound and Japanese yen) which have a distinct currency symbol. The symbol selected has been designed by an Indian Institute of Technology-Bombay postgraduate D Udaya Kumar

and was selected from among five short listed symbols. Kumar, who will join the Department of Design at IIT Guwahati on Friday, explained that the design is based on the Indian Tricolour. His entry was chosen from 3,000 designs competing for the currency symbol. He will get an award of Rs 2.5 lakh. All new notes will now bear the symbol. Events in the month of July 2010 1. 2. 3. 4. 5. 6. 7. 8. 9. First Country in Latin America to legalize same sex marriage Argentina. With which country India held the first ever 2+2 dialogue to intensify counter terrorism and Which country has agreed to supply Hawk pilot-trainer aircraft to India valued a about The most popular Asian Destination Taj Mahal. According to the new International Multi Dimensional poverty Index (MPI), about Which state has banned the use of plastic carry bags all over the state Rajasthan. Who is the only cricketer to take 800 wickets in the history Test matches Muttiah The fourth Pakistani to be inducted formally into the ICC Cricket hall of fame Which team has regained the 63rd Rangaswamy Cup Senior National Mens Hockey

anti-piracy cooperation Japan.

700 million pounds($1.1 billion) Britain.

_______ of Indias population are poor 645 million people.

Muralitharan. Imran Khan. Championship Mumbai. 10. In the Q1 Review of Monetary Policy 2010-11, RBI has revised the GDP growth for 2010-11 from 8% to ____ - 8.5%.

11. With which Organization India signed the loan and credit agreement worth of $268.15 million World Bank. 12. The Best Public Sector Bank Award Punjab National Bank. 13. To Whom the Lokmanya Tilak Award 2010 has been given for the contribution of Politics Sheila Dikshit. 14. Who is the new President of Poland Bronislaw Komorowski. 15. Who has been appointed as the new Prime Minister of Slovakia - Iveta Radicova. 16. Roza Otunbayeva has became the first ever woman head of which country in Central Asia Kyrgyzstan. 17. Who has been sworn in as Germanys youngest and the tenth President Christian Wulff. 18. Who is the the New Chief Election Commissioner Qureshi S Y. 19. Which country has became the World Number One in Latest FIFA Rankings Spain. 20. Who is the new President of International Cricket Council Sharad Pawar.
Posted by Varun Reddy at 11:50 2 comments

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Sunday, August 1, 2010

Current Affairs June 2010 - III

y Delhi is set to get the country's first commercial waste-to-power plant of 16 MW capacity that will convert one third of Capital's garbage into much-needed electricity for six lakh homes. Finland has emerged as the most prosperous country in the world after an extensive survey conducted by the Legatum Prosperity Index, which claims to be the world's only global assessment of wealth and wellbeing. Switzerland, one of the world's most popular tourist spots, grabbed the second slot in the index. Among 104 countries,India is ranked

at no. 45. y Ace Indian shuttler Saina Nehwal continued her rampaging form as she completed a spectacular hat-trick of titles by clinching the Indonesia Open Super Series with a straight-game triumph over Japan's Sayaka Sato in Jakarta. This was Saina's third successive title, having won the Indian Open Grand Prix at home and the Singapore Open Super Series Tournament.

Russia launched the second of three stealth frigates for the Indian Navy under USD 1.6 billion deal inked in July 2006. The first of three Project 11356 (modified Krivak III) frigates, named the Teg (Sword), was launched in last November. The third frigate, Trikand (Bow) is due to be delivered in 2011-12. The new frigates, also known as Talwar class, will be armed with eight BrahMos supersonic cruise missiles. They will be also equipped with a 100-mm gun, a Shtil surface-to-air missile system, two Kashtan airdefence gun/missile systems, two twin 533-mm torpedo launchers, and an antisubmarine warfare (ASW) helicopter. Earlier, Russia's Baltiisky Zavod shipyard had built three

stealth frigates of the same class - INS Talwar, INS Trishul and INS Tabar. y India extended the ban on import of milk and milk products from China for another six months, according to the foreign trade office. y The government restructured the existing 10-year-old village self-employment scheme on the recommendations of various committees to rectify shortcomings pointed out by studies. Under the new plan for the Swarnjayanti Gram Swarozgar Yojana (SGSY), the scheme has been renamed as National Rural Livelihood Mission (NRLM) and it would aim at reducing poverty through promotion of diversified and gainful self-employment and skilled wage employment opportunities. y An innovative programme of Gujarat government aimed at easy governance has won a prestigious award instituted by the United Nations. The statewide Attention on Grievances with Application of Technology (SWAGAT) programme has won the United Nations Public Service Award (UNPSA). y A 15-year-old title drought came to an end as India won the Asia Cup cricket tournament after crushing defending champions Sri Lanka. y American John Isner outlasted Frenchman Mahut to win 6-4 3-6 6-7 (7-9) 7-6 (7-3) 7068 in the longest match in history, taking 11 hours and five minutes over three days.

y y

The International Monetary Fund (IMF) has added island nation Tuvalu located in the Pacific Ocean between Hawaii and Australia as its 187th member. India's leading industrialist Ratan Tata, Chairman of the Tata Group, has been conferred the honorary degree of Doctor of Law for his role in producing the world's cheapest car Nano. Sachin Tendulkar will be conferred Indian Air Force's honorary rank of Group Captain and the star cricketer said he is proud to be associated with the "dynamic" IAF.

New Zealand has acquired the distinction of being the world's most peaceful nation for the second year running, according to the Global Peace Index. y The G8 summit has agreed to provide a further $5bn (3.3bn) over five years towards y improving the health of mothers and young children in the developing world. y The World Bank said its total lending to India will touch $9.3 billion for the fiscal ending June this year. The total expected lending this year includes $2.6 billion in interest-free credit and $6.7 billion in the form of a long-term, low interest loan. y Union Law Minister Veerappa Moily has announced National Litigation Policy to reduce pendency and delay in cases which Central Government is a party. The policy aims at reducing government litigation in courts so that the valuable court time is spent on resolving other pending cases so as to achieve the goal in national legal mission to reduce

average pendency time from 15 years to 3 years. y Myanmars dissident political leader Aung San Suu Kyi has become the first recipient of the new Benazir Bhutto Shaheed Award for democracy instituted by the Pakistan Peoples Party in the memory of the slain former premier. y The Reserve Bank of India (RBI) has assured banks it will keep agriculture loans outside the base rate ambit. The base rate guidelines, issued in April, had barred lending below base rate, except for three categories: loans to banks own employees, loans against

deposits and small-ticket borrowers under the differential interest rate (DRI) scheme. The addition of the fourth category means agriculture loans can also be priced below the base rate. y Freedom fighter and socialist leader Kanduri Charan Mallick died.3 y India on Friday expressed confidence to achieve trade target of 30 billion dollars with Republic of Korea (ROK) by 2014.
Posted by Varun Reddy at 13:56 4 comments

Bank of Baroda GK Paper - 2010

1. SLR Statutory Liquid Ratio. 2. Project Tiger is launched by GOI. 3. Pronab Sen Chief Statistician of India. 4. Term not associated with Football Love. 5. Movie not related to A R Rehman Fashion. 6. Name of the third base at Antarctica Bharti. 7. Dada Saheb Phalke Award Winner V K Murthy. 8. V K Singh is appointed as Chief of Indian Army. 9. Lin Dan is related to which sport Badminton. 10. World Water Day is observed on - March 22nd. 11. European Footballer of the Year 2009 - Lione Messi. 12. Kawasaki is related to the products of Motor cycles. 13. Which organization put global taxes on all banks IMF. 14. Which of the following is a health care scheme ASHA. 15. Benchmark prime lending rate is changed as - Base Rate. 16. How many crores are allocated for PSBs 16,500 crores. 17. Who is not a winner of Padma Shri Abhishek Bachchan. 18. Who won the Nobel Prize 2010 in Literature Herta Muller. 19. P M Manmohan Singh left Bhutan to attend SAARC Summit. 20. GOI has started 2nd Green revolution in North Eastern States. 21. Which Indian Bank has highest number of foreign branches SBI. 22. Scheme under Ministry of Food and Civil Suppliers Mid Day Meal. 23. What is Per capita income on the current prices in India Rs 33000.

24. Winner of 58th Mens National Volleyball Championship Tamilnadu. 25. Which country won the Under-19 Cricket World Cup Australia. 26. Which of the following is not a chemical fertilizer Sodium Sulphate. 27. Who is the author of the book Many Lives Many Masters - Brian Weiss. 28. Private Banks won higher profits in 4th quarter bcoz banks have No NPAs. 29. Tata Power to produce heat of energy of the earth Geo Thermal Energy. 30. Which of the following is not abbreviated in Water Shed Programmes VHND. 31. Which of the following reasons Uranium is not exported to India from Australia Bcoz did not signed the NPT and CTBT signatories. 32. Type of inflation if middle class persons earn more money in India Demand Pull Inflation. 33. To which of the following programmes 100 crores are granted to meet the specific needs of women farmers - Mahila Kisan Sashaktikaran Pariyojana. 34. RBI hiked 0.25% of CRR, what is the next step taken by banks To keep a portion of amount with RBI which does not gain any interest. 35. Rs 1,200 crore are allocated for drought mitigation in which of the following Bundelkhand Region. 36. Which of the following is a fundamental right to every child in India Right to Education. 37. Which of the following award is given by Government - Jawaharlal Nehru Award for International Understanding. 38. Banks charge taxes form the services of Issuing DDs, Pay orders and E-transfer of Money. 39. Some banks have reported slightly higher NPAs than in normal, what will reason for this Loans given by banks had become bad loans. 40. Strategy that will focus on involving the civil society in responsible parenthood strategy under Jansankhya Sthirata Kosh Prerna. 41. SEBI has asked all FIIs to divulge the structure of their offshore entities, why did SEBI did that to restrict overseas fund-flows into equity markets.

42. RBI says Rupee Over valued, what it means? - The rupee has lost only against the dollar but appreciated against other currencies. 43. Agriculture and its related activities contributes how much percentage to GDP 17%. 44. In normal circumstances the demand for credit for banks comes from - ? 45. Scheme to eradicate poverty in Rural Areas - ? 46. What are the benefits if a bank has foreign branches - ? 47. How many paise does GOI earn in one rupee by taxes - ? 48. Banks and Financial institution open subsidiaries due to which purpose - ? Note: Questions are inaccurate. Questions submitted by our followers Harivanam, Narendra, etc. Exam held on 30-05-10.

General Socio-Economic and Banking Awareness Quiz 2010

1. The basis of determining dearness allowance to employees in India is ____? (A) National Income (B) Consumer Price Index(Ans) (C) Standard of Living (D) Per Capita Income (E) None 2. NABARD is _____? (A) A bank (B) A board (C) A block (D) A department (E) None 3. Out of one Rupee expenditure, how much paise have been allotted for subsidy in 2010-11 Union budget proposals? (A) 12 paise (B) 10 paise (C) 9 paise (D) 7 paise

(E) None 4. The most densely populated country in South Asia is ___? (A) Bangladesh (B) India (C) Maldives (D) Sri Lanka (E) None 5. Interest Rate Policy is a part of ____? (A) Fiscal Policy (B) Industrial Policy (C) Monetary Policy (D) Credit Policy (E) None of these 6. Indian Green Revolution is the most successful in ____? (A) Wheat and Potato (B) Jowar and Oil Seeds (C) Wheat and Rice (D) Tea and Coffee (E) All of these 7. Public Sector means ____? (A) Government ownership on commerce and trade (B) Capitalist ownership on commerce and trade (C) Private ownership on trade (D) Government ownership on banks (E) None of these 8. The largest source of National Income in India is _____? (A) Service Sector (B) Agriculture (C) Industrial Sector (D) Trade Sector

(E) None 9. Inside Trading is related to _____? (A) Share Market (B) Horse racing (C) Taxation (D) Public Expenditure (E) None 10. The main objective of TRYSEM was ______? (A) To train rural youth for self employment (B) To train urban youth for self employment (C) Both of the above (D) To Provide subsidy to Rural People on purchasing goods (E) None 11. Which bank in India performs duties of Central Bank? (A) Central Bank of India (B) State Bank of India (C) Reserve Bank of India (D) Above (A) and (B) (E) None of these 12. . Which of the following is a better measure of economic development? (A) Employment (B) Size of exports (C) Rural consumption (D) National Income (E) None 13. The cause of deflation is ____? (A) Lack of goods and services as compared to money supply (B) Lack of imports as compared to exports (C) Lack of money supply as compared to supply of goods and services (D) All the above

(E) None of these 14. The Present Service Tax rate is ___? (A) 8% (B) 15% (C) 10% (D) 12% (E) None 15. The working of SEBI includes ___? (A) To regulate the dealings of share market (B) To check the foul dealings in share market (C) To control the inside trading of shares (D) All of these (E) None of these 16. CAPART is related with ___? (A) Assisting and evaluating rural welfare programmes (B) Computer hardware (C) Consultant service of export promotion (D) Controlling pollution in big industries (E) None of these 17. Kutir Jyoti scheme is associated with ___? (A) Promoting cottage industry in villages (B) Promoting employment among rural unemployed youth (C) Providing electricity to rural families living below the poverty line (D) All of these (E) None of these 18. VAT is imposed ____? (A) Directly on consumer (B) On final stage of production (C) On first stage of production (D) On all stages between production and final sale

(E) All the above 19. What is NIKKEI? (A) Share Price Index of Tokyo Share Market (B) Name of Japanese Central Bank (C) Japanese name of Countrys Planning Commission (D) Foreign Exchange Market of Japan (E) Both A & D 20. Minimum Support Price is decided by _______? (A) ICAR (B) Finance Minister (C) Ministry of Agriculture (D) CACP (E) None of these

Marketing Concepts for Bank Exams - 2010

Abbreviations that may be asked in Marketing Aptitude: y y y y y y y y y y y y y y y HNI High Networth Individual. EOQ Economic Order quality. FDR Fixed Deposit Receipts. CNP Cardholder Not Present. PIN Personal Identification Number. SEO Search Engine Optimization. CRM Customer Relationship Management. BPO Business Process Outsourcing. VAT Value Added Tax. IDRA Industries Development and Regulation Act. MR Marginal Revenue. PAN Permanent Account Number. BEP Break Even Point. NPA Non Performing Assets. ATM Automated Teller Machine.

y y y y y

ROA Return on Assets. M & A Mergers & Acquisitions. SEBI Securities Exchange Board of India. GDP Gross Domestic Product. IPO Initial Public Offering. What is Viral Marketing? Marketing by the word of the mouth, having a high pass-rate from person to person is called Viral marketing. Creating a 'buzz' in the industry is an example of viral marketing. What is Bench Marketing? A comparison of the business processes with competitors and improving prevailing ones is called bench marketing. What is Drip Marketing? The method of sending promotional items to clients is called Drip marketing. What is Guerilla Marketing? Unconventional marketing intended to get maximum results from minimal resources is nothing but Guerilla Marketing. What is Social Media Marketing? Social media marketing is marketing using online communities, social networks, blog marketing and more. What is Direct Marketing? Direct Marketing is a form of advertising that directly reaches to the customers on a personal basis (like phone calls, private mailings, etc) rather than traditional channel of advertising (like TV, Newspapers, etc). Types of Direct marketing: There are many types of direct marketing, only some important types are listed below and these are the most form of direct marketing. i)Direct Mail Marketing: Advertising material sent directly to home and business addresses. This is the most common form of direct marketing. ii)Telemarketing: It is the second most common form of direct marketing, in which marketers contact consumers by phone.

ii)Email Marketing: This type of marketing targets customers through their email accounts. What is Indirect Marketing? Indirect Marketing is the distribution of a particular product through a channel that includes one or more resellers. Difference b/w Direct and Indirect Marketing: Direct marketing is basically advertising your own products or services. In the same way you might advertise for someone else is called Indirect marketing, is an increasingly popular way of doing business. What is Internet Marketing? Internet marketing is the marketing of products or services over the Internet. Internet Marketing is also known as i-marketing, web-marketing, online-marketing, Search Engine Marketing (SEM) or e-Marketing. What is Digital Marketing? Digital Marketing is the practice of promoting products and services using all forms of digital advertising. It includes Television, Radio, Internet, mobile and any other form of digital media. Marketing Mix: The Marketing Mix model (also known as the 4 P's) can be used by marketers as a tool to assist in defining the marketing strategy. The idea was that if you could identify the right combination of these elements, your marketing would succeed. E. Jerome McCarthy introduced the 4 P's of Marketing as a way to describe the mix of factors required to successfully market a product. The 4 Ps are: y y y y Product Price Promotion Place (distribution) The 5 Ps of marketing is 4 Ps + People/Packaging/Process/etc. The 7 Ps of marketing consists of:

y y y y y y y

Product Price Place Promotion People Process Physical evidence. The first 4 P's are considered the basis of any marketing process. The last 3 P's are a recent addition to the entire marketing process. What is SWOT Analysis? SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. SWOT analysis is a tool for auditing an organization and its environment. It is the first stage of planning and helps marketers to focus on key issues. Strengths and weaknesses are internal factors. Opportunities and threats are external factors. What is Customer Relationship Management (CRM)? Customer Relationship Management concerns the relationship between the organization and its customers. It is a process or methodology used to learn more about customers' needs and behaviors in order to develop stronger relationships with them. What are the Three Levels of a Product? Core Product Actual Product Augmented Product What is Market Research? Market research is any organized effort to gather information about markets or customers. Market research is for discovering what people want, need, or believe. It can also involve discovering how they act. Once that research is completed, it can be used to determine how to market your product. What is Market Information? To know the prices of the different commodities in the market, as well as the supply and demand situation.

y y y

What is Market Segmentation? The division of a market into different homogeneous groups of consumers is known as market segmentation. The purpose for segmenting a market is to allow your marketing program to focus on the subset of prospects that are "most likely" to purchase your offering. If done properly this will help to insure the highest return for your marketing expenditures. What is Branding? The essence of a product, its quality and competitiveness displayed in the form of letters, symbols and colours is known as branding. What is Marketing? The process of planning and executing the concepts, pricing, promotion and distribution of ideas/goods/services to satisfy individual's/organizational goals is called marketing.

Quiz on Computer Awareness for Bank Exams - 2010

1. A file containing relatively permanent data is a)Random file b)Master file c)Transaction file d)Sequential file e) None 2. One million bytes of information is abbreviated as a) Bit b) KB c) MB d) GB e) None 3. Bing is also known as a) MSN Search b) Live Search c) Windows Live Search d) All e) None 4. Microsofts latest operating system is a)Vista b)Vista Advanced c)Windows XP d)Windows 7 e)None 5. AltaVista is a a)Search engine b)Windows OS c)Browser d)Virus e)Vista Theme 6. What is other name of LAN Card a)MODEM b)NIC c)Internet Card d)Network Connector e)None 7. Which is the latest type of printer interface? a)Serial b)DVI c)Parallel d)USB e)none 8. In Windows XP, which shortcut is used you lock the computer? a) Ctrl + L b) Windows key + K

c) Ctrl + K d) Scroll Lock key e) Windows key + L 9. The maximum number of IDE devices that can be installed in an ATX computer is a) 1 b) 2 c) 3 d) 4 e) 5 10. When using characters in Windows, what code does Windows use? a)ASCII b)UNICODE c)MORSE d)IDBC e)WESTRN 11. Which protocol provides name resolution for host and domain names for a TCP/IP network? a)HTTP b)TELNET c)SMTP d)DNS e)SNMP 12. How fast is Fast Ethernet? a)10 Mbps b)100 Mbps c) 256 Kbps d)1 Gbps e)10 Gbps 13. YouTube service of streaming videos online is provided by a)Google b)Microsoft c)IBM d)Apple e)Sony 14. Which one is not true? a)Google is a search engine b)Ubuntu is a system software c)Windows XP launched in 2001 d)Buzz is an e-Commerce company e) None 15. A Laptop or Notebook marked 802.11n in its feature, it means device support a)Bluetooth b)WiMAX c)USB d)Wi-Fi LAN e)3G 16. In EXCEL, the default workbook opens with a) One worksheets b) Two worksheets c) Three worksheets d) Four worksheets e) None 17. In Excel, this surrounds an active cell. a) Cell border

b) Cell outline c) Cell rim d) Cell selector e) None 18. In H2O the figure 2 is appeared lowered. Which effect has been applied? a) Superscript b) Lowered c) Subscript d) Laid down e) None 19. What is the Thesaurus used for? a) Grammar options b) Spelling options c) Opposite Words d) Synonyms and Antonyms d) None 20. What is the shortcut of Research command in MS-Word? a) Alt + click b) F3 c) Ctrl + F d) F7 e) None Note: This is submitted by Narendra. If you are also interested to send any information that might be useful for bank exams, previous papers, materials ,etc can send to gkquery@gmail.com.
Posted by Varun Reddy at 09:55 Labels: Bing, Microsoft, Microsoft Windows, Network interface controller, Operating system, Universal Serial Bus, Windows Vista, Windows XP

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Canara Bank PO GK Paper - 2010

1. Repo rate 5.25%.(Very Recently Rbi(July 2nd) has increased the base rates by 25 basis points(i.e Repo rate & Reverse repo rate).Now its is 5.5% and 4% respectively.., but the question paper is prepared before a month so the answer would be 5.25%.) 2. Food Inflation in 2009-10 17%.

3. South Africa Currency Rand.(Countries, Currencies, President's/PM's) 4. GDP Gross Domestic Product.(Financial& Banking Acronyms) 5. 2012 Olympics will be held in London. 6. Earth Day is observes on April 22nd.(Important Days) 7. NBFC Non banking finance company. 8. India - Palestine Wets Asia conflict. 9. Bear and Bulls related to Stock Market. 10. Special Drawing Rights issued by IMF. 11. Term used in Hockey Penalty Corner. 12. Economic Survey is done for the year - 2009-10. 13. Which country facing Crisis in Europe Greece. 14. Womens Reservation in state assemblies 33%. 15. Base rate will be implemented from July 2010. 16. Scheme related to Rural Health Scheme NHRM. 17. Who is not related to famous author M F Hussain. 18. India Bangladesh power plant in which city Khulna. 19. WADI in West Bengal - tribal development programme. 20. Chairman of 13th finance commission Vijay Kelkar. 21. Player associated with womens cricket Mithali Raj. 22. India and Saudi Arabia signed pacts in Energy Sector. 23. Which country is not playing International cricket China. 24. First woman president of Costa Rica - Laura Chinchilla. 25. Government has granted 1,200 crore to Bundelkhand region. 26. Viktor Yanukovych has been elected as President of Ukraine. 27. Banking services to rural people termed as - Financial Inclusion. 28. To which country India has given 1billion US dollars Bangladesh. 29. Teams played in IPL final Chennai Super Kings vs Mumbai Indians. 30. Which of the following is not related to banking and finance Cell fusion. 31. Which country has reservation in parliament for women like India France. 32. Who presented the Union budget 2010-11 in parliament Pranab Mukherjee

33. Recently which country celebrated Rabindranath Tagore birthday China. 34. Which of the following award is not given in the not the field of literature - Arjuna Awards. 35. Which country objected the meeting between Dalai Lama and Barack Obama China. 36. Which of the following told government must cut its fiscal deficit to 3% - 13thFinance Commission. 37. Ela Bhatt chosen for Niwano Peace Prize, she is from which Organisation SEWA. 38. Which of the following is a book written by R K Narayan The World of Nagaraj. 39. Who won the best male actor in 55th Film fare awards Amitabh bachchan. 40. The details of the companies financial position in the annual report of a company is known as balance sheet. 41. Which of the following cup is not related to Cricket Scindia Gold cup. 42. Question on Right to Education. 43. Question on Union budget 2010-11. Note: Some Questions/Answers are inaccurate and not clear. If you remember the exact questions/answers put it on a comment box. Exam held on 04-07-2010.
Posted by Varun Reddy at 20:48

Banking Terms
1. What is a Repo Rate? A: Repo rate is the rate at which our banks borrow rupees from RBI. Whenever the banks have any shortage of funds they can borrow it from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases, borrowing from RBI becomes more expensive. 2. What is Reverse Repo Rate? A: This is exact opposite of Repo rate. Reverse Repo rate is the rate at which Reserve Bank of India (RBI) borrows money from banks. RBI uses this tool when it feels there is too much money floating in the banking system. Banks are always happy to lend money to RBI since their money is in safe hands with a good interest. An increase in Reverse repo rate can cause the banks to transfer more funds to RBI due to this attractive interest rates. 3. What is CRR Rate?

A: 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.3 4. What is SLR Rate? A: SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in the form of cash, or gold or govt. approved securities (Bonds) before providing credit to its customers. SLR rate is determined and maintained by the RBI (Reserve Bank of India) in order to control the expansion of bank credit. SLR is determined as the percentage of total demand and percentage of time liabilities. Time Liabilities are the liabilities a commercial bank liable to pay to the customers on their anytime demand. SLR is used to control inflation and propel growth. Through SLR rate tuning the money supply in the system can be controlled efficiently. 5. What is Bank Rate? A: Bank rate, also referred to as the discount rate, is the rate of interest which a central bank charges on the loans and advances that it extends to commercial banks and other financial intermediaries. Changes in the bank rate are often used by central banks to control the money supply. 6. What is Inflation? A: Inflation is as an increase in the price of bunch of Goods and services that projects the Indian economy. An increase in inflation figures occurs when there is an increase in the average level of prices in Goods and services. Inflation happens when there are fewer Goods and more buyers; this will result in increase in the price of Goods, since there is more demand and less supply of the goods. 7. What is Deflation? A: Deflation is the continuous decrease in prices of goods and services. Deflation occurs when the inflation rate becomes negative (below zero) and stays there for a longer period. 8. What is PLR?

A: The Prime Interest Rate is the interest rate charged by banks to their most creditworthy customers (usually the most prominent and stable business customers). The rate is almost always the same amongst major banks. Adjustments to the prime rate are made by banks at the same time; although, the prime rate does not adjust on any regular basis. The Prime Rate is usually adjusted at the same time and in correlation to the adjustments of the Fed Funds Rate. The rates reported below are based upon the prime rates on the first day of each respective month. Some banks use the name "Reference Rate" or "Base Lending Rate" to refer to their Prime Lending Rate. 9. What is Deposit Rate? A: Interest Rates paid by a depository institution on the cash on deposit. Policy Rates: Bank Rate: 6.00% Repo Rate: 5.25% Reverse Repo Rate: 3.75% Reserve Ratios: CRR: 6.00% SLR: 25.0% Lending/Deposit Rates: PLR: 11.00%-12.00%. Deposit Rate: 6.00%-7.50%. . Savings Bank rate: 3.5%. Note: Rates as on 14-05-10. 10. What is FII? A: FII (Foreign Institutional Investor) used to denote an investor, mostly in the form of an institution. An institution established outside India, which proposes to invest in Indian market, in other words buying Indian stocks. FII's generally buy in large volumes which has an impact on the stock markets. Institutional Investors includes pension funds, mutual funds, Insurance Companies, Banks, etc. 11. What is FDI?

A: FDI (Foreign Direct Investment) occurs with the purchase of the physical assets or a significant amount of ownership (stock) of a company in another country in order to gain a measure of management control (Or) A foreign company having a stake in a Indian Company. 12. What is IPO? A: IPO is Initial Public Offering. This is the first offering of shares to the general public from a company wishes to list on the stock exchanges. 13. What is Disinvestment? A: The Selling of the government stake in public sector undertakings. 14. What is Fiscal Deficit? A: It is the difference between the governments total receipts (excluding borrowings) and total expenditure. Fiscal deficit in 2009-10 is proposed at 6.8% of GDP. 15. What is Revenue deficit? A: It defines that, where the net amount received (by taxes & other forms) fails to meet the predicted net amount to be received by the government. Revenue deficit in 2009-10 is proposed at 4.8% of GDP. 16. What is GDP? A: The Gross Domestic Product or GDP is a measure of all of the services and goods produced in a country over a specific period; classically a year. GDP during 2008-09 is 6.7%. 17. What is GNP? A: Gross National Product is measured as GDP plus income of residents from investments made abroad minus income earned by foreigners in domestic market. 18. What is National Income? A: National Income is the money value of all goods and services produced in a country during the year. 19. What is Per Capita Income? A: The national income of a country, or region, divided by its population. Per capita income is often used to measure a country's standard of living.Per capita income during 2008-09 estimated by CSO: Rs.25, 494.

20. What is Vote on Account? A: A vote-on account is basically a statement ,where the government presents an estimate of a sum required to meet the expenditure that it incurs during the first three to four months of an election financial year until a new government is in place, to keep the machinery running. 21. Difference between Vote on Account and Interim Budget? A: Vote-on-account deals only with the expenditure side of the government's budget, an interim Budget is a complete set of accounts, including both expenditure and receipts. 22. What is SDR? A: The SDR (Special Drawing Rights) is an artificial currency created by the IMF in 1969. SDRs are allocated to member countries and can be fully converted into international currencies so they serve as a supplement to the official foreign reserves of member countries. Its value is based on a basket of key international currencies (U.S. dollar, euro, yen and pound sterling). 23. What is SEZ? A: SEZ means Special Economic Zone is the one of the part of governments policies in India. A special Economic zone is a geographical region that economic laws which are more liberal than the usual economic laws in the country. The basic motto behind this is to increase foreign investment, development of infrastructure, job opportunities and increase the income level of the people.

SBI Associates PO Gk Paper 2010

1. FCRA Foreign Contribution Regulation Act 2. APEC Asia Pacific Economic Cooperation 3. NPA Non Performing assets 4. Which country will ban cheque from 2018 UK. 5. Cryogenic engines are used in Space Shuttle 6. Which Country supplied JF-17 fighter jets to Pakistan - China 7. Womens Hockey Asia cup won by China. 8. India signed a nuclear deal with ______ in Trinidad Canada 9. A/c to Suresh Tendulkar Committee __ percent of Indians live in BPL 37.

10. NREGA was renamed as Mahatma Gandhi National Rural Employment Guarantee Act. 11. Herman Van Rompuys is the first President of EU, he was the former PM of Belgium. 12. Term not used in Banking & Finance Double Fault. 13. Which country to build ten more nuclear reactors Iran 14. Author of the book The Rediscovery of India - Meghnath Desai 15. Book written by V S Naipaul A House for Mr Biswas 16. Aim to achieve financial Inclusion by the year 2012. 17. Aim not in the 11th Five year Plan - Global warming. Note: Questions are incomplete. If you know more post in a comment box. In GA, computer & Marketing section, 20 questions are from GA, 15 from computer, 15 from marketing. Questions 2, 3, 4, 7, 8, 10, 13, 14, 15 are from this blog. Half of the questions of Computer & Marketing bits were also from this blog[Computer & Marketing questions are downloaded]. What is corporate governance? (For more click here) The way in which a company is governed and how it deals with the various interests of its customers, shareholders, employees and society at large. Corporate governance is the set of processes, customs, policies, laws, and institutions affecting the way a corporation (or company) is directed, administered or controlled.Is defined as the general set of customs, regulations, habits, and laws that determine to what end a firm should be run. Functions of RBI? The Reserve Bank of India is the central bank of India, was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission. The commission submitted its report in the year 1926, though the bank was not set up for nine years.To regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage." Banker to the Government: performs merchant banking function for the central and the state governments; also acts as their banker.Banker to banks: maintains banking accounts of all scheduled banks.

What is monetary policy? A Monetary policy is the process by which the government, central bank, of a country controls (i) the supply of money, (ii) availability of money, and (iii) cost of money or rate of interest, in order to attain a set of objectives oriented towards the growth and stability of the economy. What is Fiscal Policy? Fiscal policy is the use of government spending and revenue collection to influence the economy. These policies affect tax rates, interest rates and government spending, in an effort to control the economy. Fiscal policy is an additional method to determine public revenue and public expenditure. What is Core Banking Solutions? Core banking is a general term used to describe the services provided by a group of networked bank branches. Bank customers may access their funds and other simple transactions from any of the member branch offices. It will cut down time, working simultaneously on different issues and increasing efficiency. The platform where communication technology and information technology are merged to suit core needs of banking is known as Core Banking Solutions. What is bank and its features and types? A bank is a financial organization where people deposit their money to keep it safe.Banks play an important role in the financial system and the economy. As a key component of the financial system, banks allocate funds from savers to borrowers in an efficient manner. Regional Rural Banks were established with an objective to ensure sufficient institutional credit for agriculture and other rural sectors. The RRBs mobilize financial resources from rural / semi-urban areas and grant loans and advances mostly to small and marginal farmers, agricultural labourers and rural artisans. The area of operation of RRBs is limited to the area as notified by GoI covering one or more districts in the State. ii. Banking services for individual customers is known as retail banking. iii. A bank that deals mostly in but international finance, long-term loans for

companies and underwriting. Merchant banks do not provide regular banking services to the general public iv. Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated by their retail or virtual bank. v. Mobile Banking is a service that allows you to do banking transactions on your mobile phone without making a call , using the SMS facility. Is a term used for performing balance checks, account transactions, payments etc. via a mobile device such as a mobile phone. vi. Traditional banking is the normal bank accounts we have. Like, put your money in the bank and they act as a security and you will get only the normal interests (decided by RBI in our case, FED bank in US). vii. Investment banking is entirely different. Here, people who are having so much money (money in excess which will yield only less interest if in Banks) will invest their money and get higher returns. For example, If i have more money instead of taking the pain of investing in share market, buying properties etc. I will give to investment banks and they will do the money management and give me higher returns when compared to traditional banks. What is E-Governance? E-Governance is the public sectors use of information and communication technologies with the aim of improving information and service delivery, encouraging citizen participation in the decision-making process and making government more accountable,transparent and effective. What is Right to information Act? The Right to Information act is a law enacted by the Parliament of India giving citizens of India access to records of the Central Government and State overnments.The Act applies to all States and Union Territories of India, except the State of Jammu and Kashmir which is covered under a State-level law. This law was passed by Parliament on 15 June 2005 and came fully into force on 13 October 2005. Credit Rating Agencies in India?

The credit rating agencies in India mainly include ICRA and CRISIL. ICRA wasformerly referred to the Investment Information and Credit Rating Agency of India Limited. Their main function is to grade the different sector and companies in terms of performance and offer solutions for up gradation. The credit rating agencies in India mainly include ICRA and CRISIL(Credit Rating Information Services of India Limited) What is Cheque? Cheque is a negotiable instrument instructing a Bank to pay a specific amount from a specified account held in the maker/depositor's name with that Bank.A bill of exchange drawn on a specified banker and payable on demand.Written order directing a bank to pay money. What is demand Draft? A demand draft is an instrument used for effecting transfer of money. It is a Negotiable Instrument. Cheque and Demand-Draft both are used for Transfer of money. You can 100% trust a DD. It is a banker's check. A check may be dishonored for lack of funds a DD can not. Cheque is written by an individual and Demand draft is issued by a bank. People believe banks more than individuals. What is a NBFC? A non-banking financial company (NBFC) is a company registered under the Companies Act, 1956 and is engaged in the business of loans and advances, acquisition of shares/stock/bonds/debentures/securities issued by government, but does not include any institution whose principal business is that of agriculture activity, industrial activity, sale/purchase/construction of immovable property. NBFCs are doing functions akin to that of banks; however there are a few differences: (i)A NBFC cannot accept demand deposits (demand deposits are funds deposited at a depository institution that are payable on demand -- immediately or within a very short period -- like your current or savings accounts.) (ii) it is not a part of the payment and settlement system and as such cannot issue cheques to its customers; and (iii) Deposit insurance facility of DICGC is not available for NBFC depositors unlike in case of banks.

Diff between banking & Finance? Finance is generally related to all types of financial, this could be accounting, insurances and policies. Whereas banking is everything that happens in a bank only.The term Banking and Finance are two very different terms but are often associated together. These two terms are often used to denote services that a bank and other financial institutions provide to its customers. What is NASSCOM ? The National Association of Software and Services Companies (NASSCOM), the Indian chamber of commerce is a consortium that serves as an interface to the Indian software industry and Indian BPO industry. Maintaining close interaction with the Government of India in formulating National IT policies with specific focus on IT software and services maintaining a state of the art information database of IT software and services related activities for use of both the software developers as well as interested companies overseas. Mr. Som Mittal President. Chairman-Pramod Bhasin What is ASSOCHAM? The Associated Chambers of Commerce and Industry of India (ASSOCHAM), India's premier apex chamber covers a membership of over 2 lakh companies and professionals across the country. It was established in 1920 by promoter chambers, representing all regions of India. As an apex industry body, ASSOCHAM represents the interests of industry and trade, interfaces with Government on policy issues and interacts with counterpart international organizations to promote bilateral economic issues. PresidentSwati Piramal What is NABARD? NABARD was established by an act of Parliament on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981. It replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and Development Corporation (ARDC). It is one of the premiere agency to provide credit in rural areas. NABARD is set up as an apex Development Bank with a mandate for facilitating credit flow for

promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts. What is SIDBI? The Small Industries Development Bank of India is a state-run bank aimed to aid the growth and development of micro, small and medium scale industries in India. Set up in 1990 through an act of parliament, it was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India. What is SENSEX and NIFTY? SENSEX is the short term for the words "Sensitive Index" and is associated with the Bombay (Mumbai) Stock Exchange (BSE). The SENSEX was first formed on 1-1-1986 and used the market capitalization of the 30 most traded stocks of BSE. Where as NSE has 50 most traded stocks of NSE.SENSEX IS THE INDEX OF BSE. AND NIFTY IS THE INDEX OF NSE.BOTH WILL SHOW DAILY TRADING MARKS. Sensex and Nifty both are an "index. An index is basically an indicator it indicates whether most of the stocks have gone up or most of the stocks have gone down. What is SEBI? SEBI is the regulator for the Securities Market in India. Originally set up by the Government of India in 1988, it acquired statutory form in 1992 with SEBI Act 1992 being passed by the Indian Parliament. Chaired by C B Bhave. What is Mutual funds? Mutual funds are investment companies that pool money from investors at large and offer to sell and buy back its shares on a continuous basis and use the capital thus raised to invest in securities of different companies. The mutual fund will have a fund manager that trades the pooled money on a regular basis. The net proceeds or losses are then typically distributed to the investors annually. What is Asset Management Companies? A company that invests its clients' pooled fund into securities that match its declared financial objectives. Asset management companies provide investors with more diversification and investing options than they would have by themselves. Mutual funds,

hedge funds and pension plans are all run by asset management companies. These companies earn income by charging service fees to their clients. What are non-perfoming assets? Non-performing assets, also called non-performing loans, are loans,made by a bank or finance company, on which repayments or interest payments are not being made on time. A debt obligation where the borrower has not paid any previously agreed upon interest and principal repayments to the designated lender for an extended period of time. The nonperforming asset is therefore not yielding any income to the lender in the form of principal and interest payments. What is Recession? A true economic recession can only be confirmed if GDP (Gross Domestic Product)growth is negative for a period of two or more consecutive quarters. What is foreign exchange reservers? Foreign exchange reserves (also called Forex reserves) in a strict sense are only the foreign currency deposits and bonds held by central banks and monetary authorities.However, the term in popular usage commonly includes foreign exchange and gold,SDRs and IMF reserve positions.
Posted by Varun Reddy at 17:57