G.K/C.A

G.K

1. RBI cut its benchmark rate by 25 basis points to 7.75 per cent. RBI’s growth estimate for 2014-15

    is 5.5 per cent.

a. Bank Rate – 8.75 % (0.25% Decreased)

b. Cash Reserve Ratio – 4 % (Unchanged)

c. Statutory Liquidity Ratio – 22 % (Unchanged)

d. Repo Rate – 7.75 % (0.25% Decreased)

e. Reverse Repo Rate – 6.75 % (0.25% Decreased)

f. Marginal Standing Rate – 8.75 % (0.25%

   Decreased)

2. United Nation Secretary-General Ban Ki-moon appointed Indian sociologist Saraswathi Menon in

    peace-building panel.

3. Filmmaker Pahlaj Nihalani was appointed as the Chairman of Central Board of Film Certification.     Nihalani will succeed Leela Samson.

4. Nepali Congress leader Deep Kumar Upadhyay was appointed as Nepal's ambassador to India.

5. Hari Shankar Bramha was appointed as the new Chief Election Commissioner. Brahma succeeds

    V.S. Sampath.

6. Anupam Shrivastava was appointed as CMD ofBSNL.

7. Arvind Panagariya took charge as Vice-Chairman of NITI Aayog. He became the first vice-                 chairman of the National Institution for Transforming India (NITI) Aayog, which replaced
    the Planning Commission on 1 January 2015. NITI Aayog comprises of Prime Minister as                   chairperson, onevice-chairman, two full-time members, four exofficio members
    (Union ministers) and three special invitees. 

8. Alur Seelin Kiran Kumar was appointed as Chairman of Indian Space Research Organisation

    (ISRO). Kiran Kumar became eighth Chairman of ISRO after succeeding K Radhakrishnan.

9. Senior bureaucrat Sindhushree Khullar was appointed as the Chief Executive Officer of NITI

    Aayog with effect from 1 January 2015. She will serve the position for one year.

10. Krishan Kant Paul was sworn in as the sixth Governor of Uttarakhand. He succeeded Governor

      Aziz Qureshi.

11. Atul Khare was appointed as the United Nations Under-Secretary-General, Department of Field

      Support.

12. Sutirtha Bhattacharya took charge as Coal India Limited’s full-time Chairman and Managing

      Director.

13. Modibo Keita was appointed as the Prime Minister of West African nation Mali.

14. R. Koteeswaran took charge as new Chairman and Managing Director of public sector Indian

      Overseas Bank.

15. R K Srivastava took over as the new chairman of Airports Authority of India.

16. A.K. Mittal was appointed as the Chairman of Railway Board. He succeeded Arunendra Kumar.

17. Senior IAS officer S Bhattacharya was appointed as the Chairman and Managing Director of Coal

      India Ltd.

18. Former Prime Minister Manmohan Singh adopted Pachim Bekeli Gaon Panchyat under Sansad

      Adarsh Gram Yojna (SAGY). Pachim Bekeli Gaon Panchyat is located in Kamrup district of               Assam.

19. Veeravalli Sundaram Sampath demitted his office as Chief Election Commissioner on 15 January

      2015.

20. Leela Samson resigned as Chairperson of Central Board of Film Certification.

21. Actor Amitabh Bachchan was presented with the Social Media Person of the Year Award 2015           by the Internet and Mobile Association of India.

22. The United States Department of State designated Tehrik-e Taliban Pakistan’s chief Maulana

      Fazlullah, also known as Mullah Fazlullah, as aSpecially Designated Global Terrorist.

23. Union Government removed Avinash Chander, the Chairman of Defence Research and

      Development Organization (DRDO).

24. Pallewatte Gamaralalage Maithripala Yapa Sirisena (Maithiripala Sirisena) was sworn-in as

      the 7th President of Sri Lanka. Leader of the United National Party Ranil Wickramasinghe took

      the oath as Prime Minister of Sri Lanka.

25. Larry Page, the chief executive officer and cofounder of Google was named as the Business                 person of the Year for 2014 by Fortune magazine.

26. Koppillil Radhakrishnan retired as the Chairman of Indian Space Research Organisation.

27. Koppillil Radhakrishnan featured in the Top 10 List of Journal Nature.

28. Prime Minister of Bhutan Lyonchhen Tshering Tobgay visited India from 10 January to 18

      January 2015. He also attended the Vibrant Gujarat Summit 2015.

29. Union External Affairs Minister Sushma Swaraj visited South Korea on 28 December 2014 to

      attend the 8th India-Republic of Korea (RoK) Joint Commission meeting held in Seoul. The               Meeting was co-chaired by Sushma Swaraj and Yun Byungse, Minister of Foreign Affairs (FM)         of South Korea.

30. Saudi Arabia King Abdullah bin Abdulaziz passed away. After the death of Abdullah bin                     Abdulaziz, his brother and Crown Prince Salman bin Abdulaziz Al Saud was named as the new           king.

31. Actor and comedian Taylor Negron died.

32. Hollywood actress, Luise Rainer died at her home at London. She won the Oscars for The Great

      Ziegfeld (1936) and The Good Earth (1937).

33. Veteran British actor David John Ryall died.

34. Noted Hindi poet Nand Chaturvedi died.

35. The oldest litigant in the Babri Masjid case Mohammad Farooq passed away

36. Hindustan Aeronautics Limited Chairman R.K. Tyagi was conferred with the JGBS-Top Rankers'

      Excellence Award for CEO of the year 2014.

37. 21st Screen Awards were announced at Mumbai. Shahid Kapoor for Haider and Priyanka Chopra

     for Mary Kom won the Best Actor Award for Male and Female category respectively. Best Film

     award was given to film Queen, while its Director Vikas Bahl won the Best Director award. Hema      Malini was honoured with Lifetime Achievement Award.

38. Sanskrit scholar Prabhu Nath Dwivedi was named as the winner of the Sahitya Akademi Award         2014 for Sanskrit language.

39. The Mars Orbiter Mission Team of Indian Space Research Organization won the 2015 Space

       Pioneer Award in the Science and Engineering category.

40. RBI Governor Raghuram Rajan received the Governor of the Year Award for 2015.

41. The director of Satish Dhawan Space Centre, MYS Prasad was selected for the Vikram Sarabhai

       memorial award 2015.

42. Amitabh Bachchan was honoured with the Yash Chopra Memorial Award.

43. Khurshid Mahmood Kasuri, Ex-Foreign Minister of Pakistan, authored a book titled Neither a

      Hawk nor a Dove.

44. Hindi novel Farishta was in news after its author Kapil Isapuri accused the makers of film PK of

      plagiarism.

45. The Red Sari, an unauthorized biography of Congress Party President Sonia Gandhi, was

      released by Roli Books. The book has been written by Spanish author Javier Moro.

46. Book titled The Indian Parliament – A Critical Appraisal was released by Vice President Hamid

      Ansari. The book is authored by Prof. Sudha Paiand Avinash Kumar

47. Malawi witnessed flash floods due to heavytorrential rain.

48. AirAsia flight number QZ8501 went missing with 162 people on board en route from                           theIndonesian city of Surabaya to Singapore on 28 December 2014. Indonesian searchers                     discovered the wreckage of plane by using Sonar equipmentalso spotted some bodies floating             with the debris in the Java Sea off the Indonesian part of Borneo.

49. 7th Vibrant Gujarat Summit was held from 11 January to 13 January 2015                                             inGandhinagar,Gujarat.

50. 13th Pravasi Bharatiya Diwas 2015 concluded in Gandhinagar Gujarat. The chief guest of the             13th PBD was Guyana President Donald Ramotar. The theme of 2015 PBD was Bharat ko jano           and Bharat ko mano.

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Second Set :-

1. Many times we read in newspapers that several companies are adopting the FCCBs route to
raise capital. What is the full form of FCCBs?
(1) Foreign Currency Convertible Bonds
(2) Foreign Convertible Credit Bonds
(3) Financial Consortium and Credit Bureau
(4) Future Credit and Currency Bureau
(5) None of these

Ans: 1

2. Many a times, we read in newspapers that some big banks have revised their lending rates to
make them dearer or cheaper. Though the decision to raise the lending rates is always in the hands
of the banks normally they announce this decision of theirs:
(1) Immediately after the Union Budget is presented in the Lok Sabha every year.
(2) when the RBI makes changes in its policy rates.
(3) When the Monetary and Credit Policy of the RBI is reviewed periodically.
(1) Only 1 (2) Only 2
(3) Only 3 (4) Only 2 and 3
(5) All 1, 2 and 3
Ans: 3

3. In order to develop infrastructure in the country at a faster pace, the Govt. of India has fixed some
targets. In order to achieve this target, at present how many kilometers of highway is required to be
constructed per day?
(1) 5 km (2) 10 km
(3) 15 km (4) 20 km
(5) All 1, 2 and 3
Ans: 4

4. The Govt. of India is planning to bring a Second Green Revolution. This will be launched
specifically for which of the following parts of the country?
(1) North East and Eastern Regions
(2) Central India
(3) Jammu & Kashmir
(4) Tamil Nadu, Kerala and Andhra Pradesh
(5) None of these
Ans: 1

5. Inflation in India is measured on which of the following indexes/indicators?
(1) Cost of Living Index (COLI)
(2) Consumer Price Index (CPI)
(3) Gross Domestic Product (GDP)
(4) Wholesale Price Index (WPI)
(5) None of these
Ans: 4

6. Which of the following is a function of the agent bank relating to flow of money in the process of
loan syndication?
(1) Receiving notices relating to cancellation of any part of the loan
(2) Calling of loans in the event of default
(3) Receiving the fee from the borrower and distributing among the participating banks
(4) Receiving notices relating to transfer of banks
(5) None of these
Ans: 3

7. Which of the following is a leading electronic payment technology firm?
(1) Visa (2) Max
(3) BSE (4) Sensex
(5) SWAP
Ans: 1

8. CRR funds are kept by the Banks in…………
(1) Cash in hand at branches
(2) Balance with other banks
(3) Balance in a special Account with RBI
(4) Funds in the currency chest
(5) None
Ans: 3

9. In the list of nationalized banks, which bank was merged with Punjab National Bank in 1993?
(1) Bank of India
(2) Bank of Baroda
(3) Andhra Bank
(4) New Bank of India
(5) Central Bank of India
Ans: 4

10. The Shipping guarantee is a?
(1) Type of a letter of credit
(2) Guarantee issued by the ship captain to the purchaser
(3) Guarantee issued to the borrower towards the loan granted by the shipping company
(4) Deferred payment guarantee issued by a banker at the request of the consignee when the
documents are not received and goods are received, for facilitating the delivery of goods.
(5) None of these
Ans: 4

11. Who said the nationalization of banks is the ‘masterstroke of political sagacity?
(1) Indira Gandhi
(2) Raj Narayan
(3) Jayaprakash Narayan
(4) Jawahar Lal Nehru
(5) Atal Bihari Vajpayee
Ans: 3

12. Regional Rural Banks have been set up with the basic objectives of:
(1) Providing credit to semi urban & urban population
(2) Providing deposits facilities to farmers
(3) Providing credit and deposit facilities to rural areas
(4) Providing credit, deposit and other banking facilities to people in rural areas
(5) None of these
Ans: 4

13. Global Market means market of:
(1) USA
(2) China
(3) OPEC members
(4) European union countries
(5) All major countries and their alliances
Ans: 5

14. Which of the following is not a financial intermediary in the financial markets?
(1) Pension funds
(2) Credit unions
(3) Life Insurance companies
(4) Small scale service institute
(5) None of these
Ans: 4

15. The interest on recurring deposit is paid on the basis of?
(1) Simple interest calculated monthly basis
(2) Simple interest on monthly products basis
(3) Quarterly compounding
(4) Interest calculated on daily products basis
(5) None of these
Ans: 3

16. Which of the following is not one of the RBI directives on clean note policy?
(1) Currency note packets are not to be stapled and secured with paper bonds
(2) Soiled notes are to be stapled before they are remitted to Currency Chest
(3) Water mark window of bank notes shall not contain any writings
(4) Currency notes are to be sorted into Issuable and non-issuable notes
(5) None of these
Ans: 2

17. When bank accept a fixed sum of money from an individual for a definite term and pay on
maturity with interest, the deposit is known as:
(1) Term Deposit (2) Demand Deposit
(3) Bond (4) Mortgage
(5) Advance
Ans: 1

18. Bad debts mean……………?
(1) amounts owed to a company that are going to be paid
(2) amounts owed to a company that are not going to be paid
(3) amounts owed to a company that are going to be paid within 2 years
(4) amounts owned to a company that are not going to be paid within 8 years
(5) None of these
Ans: 2

19. In which part of India, many banks are established, which is called the Cradle of Indian Banking
System?
(1) Northern Assam
(2) Southern Tamilnadu
(3) Eastern Rajasthan
(4) Southern Karnataka
(5) Western Maharastra
Ans: 4

20. Scheduled banks are those?
(1) Included in the 2nd schedule of the Banking Regulation Act 1949
(2) Included in the 2nd schedule of the Companies Act 1956
(3) Included in the 2nd schedule of the Reserve Bank of India Act – 1934
(4) Bank Nationalization Act – 1969
(5) None of these
Ans: 3

21. Which of the following is not an imperfect Note?
(1) Washed note (2) Bleached note
(3) Mutilated note (4) Oiled note
(5) None of these
Ans: 3

22. The relationship between RBI and the Bank maintaining the currency chest is that of?
(1) Debtor and Creditor
(2) Principal and Agent
(3) Bailor and Bailee
(4) Creditor and Debtor
(5) None of these
Ans: 2

23. Which of the following committees are related to ‘Micro financing?
(1) Nayak Committee
(2) Tandon Committee
(3) Vyas Committee
(4) Narasimham Committee
(5) None of these
Ans: 3

24. Which of the following organizations /agencies works solely to monitor and arrange flow of
agriculture credit in India?
(1) NABARD (2) SIDBI
(3) RBI (4) SEBI
(5) None of these
Ans: 1

25. Which is incorrect with regard to powers of RBI:
(1) Holds cash reserve banks
(2) Controls banking system through licensing
(3) Supervises Banking system through inspection
(4) All of the above are correct
(5) All of the above are incorrect
Ans: 4

26. India’s first indigenous payment gateway is ……….?
(1) India Expenditure (2) India Payment
(3) India Challan (4) India Pay
(5) India Rupee
Ans: 4
27. ………...opened a Lockless branch at Shani Shingnapur (Maharastra) respecting the local
Customs?
(1) State Bank of India
(2) Bank of Maharastra
(3) Union Bank of India
(4) ICICI
(5) UCO Bank
Ans: 5

28. Security printing press was established in 1982 at?
(1) Kolkata (2) New Delhi
(3) Bombay (4) Hyderabad
(5) None of these
Ans: 4

29. When the customer withdraws cash from ATM, the banker and customer relationship is?
(1) Debtor and Creditor
(2) Creditor and Debtor
(3) Lesser and Lessee
(4) Agent and principal
(5) None of these
Ans: 1

30. In India, forex rates are determined by:
(1) Importers
(2) Exporters
(3) RBI
(4) Ministry of commerce
(5) Demand and supply forces
Ans: 5

31. The Government of India has recently given its approval to expand number of seats available
weekly on flights between India and United Arab Emirates (UAE) from the current 13,000 seats
to………?
(1) 25000 (2) 30000
(3) 20000 (4) 50000
(5) None of these
Ans: 4

32. Regional Rural Banks were set up on the recommendations of:
(1) Nariman committee
(2) Narasimham committee
(3) Gadgil committee
(4) Puri committee
(5) None of these
Ans: 2

33.………….launched the process of reforms of financial system in India:
(1) Gadgil committee
(2) Nariman committee
(3) Narasimham committee
(4) Khanna Committee
(5) None of these
Ans: 3
34. Which of the following can be categories as a Merchant Banking Service?
(1) Consultancy on finance to a company
(2) Advance in capital structure
(3) Managing mergers
(4) Helping in finalizing take over
(5) All the above
Ans: 5

35. The instrument which provides proprietary interest in company and which entitles a person to
dividend on profits, is called?
(1) Bond (2) Share
(3) Debenture (4) Warrant
(5) Any of the above
Ans: 2

36. Which of the following provides proper definition of a Mutual Funds?
(1) It is an association of members of public
(2) These members want to ‘invest in financial instrument
(3) They want to invest in financial instrument assets of business sector
(4) All the above
(5) None of these
Ans: 4

37. Service Area Approach is associated with?
(1) Industrial finance
(2) Microfinance
(3) Rural finance
(4) Consortium finance
(5) None of these
Ans: 3

38. Which of the following resources cannot be Securitized?
(1) Credit balances outstanding in cash credit accounts
(2) Credit Card receivables
(3) Hire purchase receivable
(4) Mortgage in lieu of future payments
(5) None of these
Ans: 1

39. Which of the following is a type of anticipatory letter of credit?
(1) Green clause letter of credit
(2) Yellow clause letter of credit
(3) Back to back letters of credit
(4) Revolving letter of credit
(5) None of these
Ans: 1

40. Interest on Government securities on fixed basis is known as:
(1) Bank rate
(2) Coupon
(3) Prime Lending Rate
(4) Bench mark PLR
(5) None of these
Ans: 2

41. ………….was not nationalized in 1969:
(1) Punjab National Bank
(2) Oriental Bank of Commerce
(3) Bank of Baroda
(4) Union Bank of India
(5) None of these
Ans: 2

42. In the first round 14 major banks with a liability base of……………were nationalized:
(1) 10 crore or more
(2) 20 crore or more
(3) 50 crore or more
(4) 100 crore or more
(5) None of these
Ans: 3

43. ……………do not attract TDS:
(1) Fixed deposits
(2) Reinvestment deposits
(3) NRO SB
(4) NRO FDR
(5) Recurring deposits
Ans: 5

44. SLR is maintained as a percentage of:
(1) Time Liabilities
(2) Demand liabilities
(3) Time and Demand liabilities
(4) Gross time and demand liabilities
(5) Net demand and time Liabilities
Ans: 5

45. The credit policy laid down by the top management of a bank does not deal with?
(1) Credit risk management
(2) Pricing of the credit products
(3) Appraisal of time and demand deposits
(4) Documentation standards
(5) None of these
Ans: 3

46. Which of the following is an income for a Bank?
(1) Depreciation on bank’s property
(2) Interest on inter bank borrowings
(3) Profit on revaluation of investments
(4) Provision made on account of write-offs
(5) None of these
Ans: 3

47. Which of the following is not the function of commercial banks?
(1) Providing transaction services
(2) Intermediation in financial services
(3) Providing transformation services
(4) Regulating the issue of bank notes
(5) None of these
Ans: 4

48. Which of the following is one of the three pillars of new Basel Capital Award?
(1) Market competitions
(2) Market rapport
(3) Market discipline
(4) International market relations
(5) None of these
Ans: 3

49. Which of the following is not the name of a bank functioning in India?
(1) Central Bank of India
(2) UCO Bank
(3) Aegon Religare
(4) Dena Bank
(5) ICICI Bank
Ans: 3

50. Which of the following is not augmented feature of a credit card?
(1) Personal accident insurance
(2) Cash withdrawals
(3) Add-on facility
(4) Issue of deferred guarantee
(5) None of these
Ans: 4


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