1

GENERAL AWARENESS WITH SPECIAL REFERENCE TO BANKING INDUSTRY

 GROSS DOMESTIC PRODUCT (GDP)-GDP REFERS TO THE MARKET VALUE OF ALL

FINAL GOODS & SERVICES PRODUCED WITHIN A COUNTRY IN A GIVEN PERIOD.IT
IS OFTEN CONSIDERED AS THE COUNTRY’S STANDARD OF LIVING.

 INCOME TAX-IT IS A DIRECT TAX PAID TO THE CENTRAL GOVERNMENT ON

PERSONAL INCOME BY AN INDIVIDUAL OR A COMPANY WITHIN A GIVEN
FINANCIAL YEAR.
 SERVICE TAX-IT IS AN INDIRECT TAX LEVIED ON SERVICES RENDERED BY A
PERSON AND THE RESPONSIBILITY OF PAYMENT OF THE TAX IS CAST ON THE
SERVICE PROVIDER.WAS INTRODUCED IN INDIA BY THE FINANCE ACT, 1994.
 VALUE ADDED TAX-IT IS AN INDIRECT TAX ON THE CONSUMPTION OF THE
GOODS,PAID BY THE ORIGINAL UPON THE CHANGE IN GOODS OR UPON THE
TRANSFER OF THE GOODS TO ITS ULTIMATE CONSUMER.IT IS BASED ON THE
VALUE OF THE GOODS, ADDED BY THE TRANSFEROR AND NOT JUST A PROFIT.
 WEALTH TAX-IT IS A DIRECT TAX LEVIED ON THE BENEFITS DERIVED FROM
PROPERTY OWNERSHIP.THE TAX IS TO BE PAID YEAR AFTER YEAR ON THE SAME
PROPERTY ON ITS MARKET VALUE, WHEATHER OR NOT SUCH PROPERTY YEILD
ANY INCOME.
 NUMBERS OF CURRENCIES ARE USED IN THE REAL EFFECTIVE EXCHANGE RATE-
36.
 DURING 2ND FIVE YEAR PLAN THE KHADI AND VILLAGE INDUSTRIES COMMISSION
WERE ESTABLISHED.
 IN 1991 INDUSTRIAL LICENSING WAS ABOLISHED IN INDIA.
 LERMS WAS LAUNCHED IN INDIA IN THE YEAR-1992.
 LERMS-LIBERIZED EXCHANGE RATE MANAGEMENT SYSTEM.
 THE TERM ‘RESERVE REPLACEMENT RATIO’ IS MOST COMMONLY USED IN-OIL &
GAS INDUSTRY.
 ‘THE DOING BUSINESS REPORT’ IS PREPARED BY THE WORLD BANK EVERY YEAR.
 MANY A TIMES WE READ A TERM IN FINANCIAL NEWSPAPERS GDR, THE FULL
FORM OF IT IS-GLOBAL DEPOSITORY RECEIPTS.
 THE ORGANIZATION KNOWWN AS MARKET REGULATORY IN INDIA IS-SEBI.
 SEBI-SECURITIES AND EXCHANGE BOARD OF INDIA.
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 SEBI WAS ESTABLISHED IN 1992 BY SEBI ACT.
 U.K SINHA IS THE CHAIRMAN OF SEBI.
 INDIA IS SAUGHT ASSISTANCE WORTH USD 1 BILLION FROM WORLD BANK FOR
ENSURING 24/7 WATER SUPPLY IN ABOUT 10 CITIES.
 WORLD BANK APPROVES US $ 150 MILLION FOR INDIA’S NeGP.
 NeGP-NATIONAL e-GOVERNANCE PLAN.
 WORLD BANK APPROVES US$ 1 BILLION TO CLEAN GANGA.
 CENTRAL BANK OF INDIA LAUNCHED ‘DOOR STEP BANKING SERVICE IN INDIA.
 IMF-INTERNATIONAL MONEYTARY FUND.
 IMF’S HEAD QUARTER IS SITUATED IN WASHINGTON DC.
 IMF EXPECTS THE GDP GROWTH AT 8.8%.
 THE CRISIL’S REVISED FORECAST FOR INDIA’S GDP IN 2011-2012 IS-8.6%.
 SURGING GLOBAL OIL PRICES AND RBI’S TIGHT MONETARY POLICY PROMTED
THE ADB TO LOWER ITS GROWTH FORECAST FOR THE INDIAN ECONOMY TO 8.2%.
 CREDIT RATING AGENCY FITCH DOWNGRADED INDIAN ECONOMY’S GROWTH
PROJECTION TO 8.3% FOR 2011-12.
 GROWTH IN INDIA IS EXPECTED TO BE MODERATE BUT REMAIN ABOVE TREND,
WITH GDP GROWTH PROJECTED 8.25% IN 2011 & 7.75% IN 2012, IMF FORECAST.
 ECONOMY EXPECTED TO GROW AT 8.6% IN 2010-11 AND 9.0% IN 2011-12.
 AGRICULTURE EXPECTED TO GROW AT 5.4% IN 2010-11 AND 3.0% IN 2011-12.
 INDUSTRY EXPECTED TO GROW AT 8.1% IN 2010-11 AND 9.2% IN 2011-12.
 SERVICES EXPECTED TO GROW AT 9.65 IN 2010-11 AND 10.3% IN 2011-12.
 900 BRANCHES HAVE TO BE OPENED BY BANK OF BARODA BY THE END OF FISCAL
YEAR 2011-2012.
 THE INCREASE HAS BEEN REGISTERED BY RAILWAY REVENUE EARNING DURING
APRIL 2010-JANUARY 2011 IS-7.77%.
 COMMODITYWISE RAILWAY FREIGHT REVENUE EARNING DURING APRIL 2010-
JANUARY 2011 IS-6.88%.
 SUDHIR CHANDRA IS THE NEW CHAIRMAN OF THE APEX DIRECT TAX BOARD.
 CBDT-CENTRAL BOARD OF DIRECT TAXES.
 DTAA-DOUBLE TAXATION AVOIDANCE AGREEMENT.
 INDIA SIGNED A DTAA WITH GERMANY, ETHIOPIA, MOZAMBIQUE, COLOMBIA,
SINGAPORE.
 3
 INDIA & MALAYSIA SIGNS MOU IN THE FIELD OF HIGHWAY MANAGEMENT &
DEVELOPMENT.
 MOU ON MUTUAL UNDERSTANDING AND COOPERATION IN THE FIELD OF
ELECTIONS BETWEEN THE ELECTION COMMISSION OF INDIA AND THE CENTRAL
ELECTION COMMISSION OF THE RUSSIAN FEDERATION.
 INDIA & RUSSIA HAD SIGNED AN AGREEMENT TO SHARE HIGH PRECISION
SIGNALS FROM THE GLONASS FOR DEFENCE AS WELL AS CIVILIAN USE.
 INDIA & RUSSIA HAD AGREED TO CONSIDER PUTTING IN PLACE A CECA IN ORDER
TO PUSH THE BILATERAL TRADE TO $20 BILLION BY 2015.
 GLONASS-GLOBAL NAVIGATION SATELITE SYSTEM.
 CECA-COMPREHENSIVE ECONOMIC COOPERATION AGREEMENT.
 INDIA OVERTAKES CHINA AS MOST ATTRACTIVE MARKET FOR JAPANES FIRMS.
 BRIC COUNTRIES ARE EXPECTED TO CONTRIBUTE ONE THIRD OF THE WORLD’S
GDP INCREMENT IN 2015, BY WHICH THEIR TOTAL ECONOMY WILL SURPASS
AMERICA ACCORDING TO CHINESE THINK TANK.
 DRIVEN BY PRODUCTIVITY ENHANCEMENT & INFRASTRUCTURE DEVELOPMENT,
INDIA IS EXPECTED TO OUTPACE ASIAN DRAGON CHINA AND BECOME THE
FASTEST GROWING ECONOMY BY 2015, ACCORDING TO ICICI BANK REPORT.
 ACCORDING TO THE INTERNATIONAL MONETARY FUND’S PREDICTION, CHINA’S
ECONOMY WILL EXCEED THE US’S IN 2016.
 GLOBAL BAMKING GIANT STANDERD CHARTERED TODAY SAID INDIA COULD
IMERGE AS THE WORLD,S 3RD LARGEST ECONOMY BY 2030.
 INDIA TO BE AMONG TOP LIFE INSURANCE MARKETS BY 2020.
 INDIA RECEIVES FOREIGN TOURISTS IN 2010 WITH A GROWTH RATE OF 24.2%.
 FTA - FOREIGN TOURIST ARRIVAL.
 AGRICULLTURE & ALLIED SECTORS RECORD 4.4% GROWTH RATE IN 2 ND QUARTER
JULY-SEPTEMBER 2010.
 A MINISTRY OF FINANCE, GOVERNMENT OF INDIA RECOGNIZED AADHAAR
NUMBER ISSUED BY UIDAI AS AN ‘OFFICIALLY VALID DOCUMENT’ TO SATISFY
THE KYC NORMS FOR OPENING BANK ACCOUNTS.
 UIDAI – UNIQUE IDENTIFICATION AUTHORITY OF INDIA.
 KYC – KNOW YOUR CUSTOMER.
 4
 DOP-DEPARTMENT OF POST SIGNED A STATEMENT OF INTENT WITH UIDAI IS TO
FORGE STRATEGIC ALLIANCE TO CREATE VALUE FOR BOTH DOP & UIDAI & FOR
THE RESIDENTS OF INDIA.
 CHAIRMAN OF UIDAI IS NANDAN NILEKANI.
 THE DOP WILL SOON LAUNCH A PRE-PAID SMART CARD THAT CAN BE USED AS A
DEBIT CARD.
 IDBI BANK ALONG WITH THE TECHNOLOGY PARTNER ORACLE WINS ASIAN
BANKER TECHNOLOGY IMPLEMENTATION AWARD 2011.
 UNION BANK HAS BEEN AWARDED ‘CERTIFICATE OF RECOGNITION’ FOR
EXCELLENCE IN CORPORATE GOVERNANCE AT THE 10TH ICSI NATIONAL AWARD
2010.
 ICSI-INSTITUTE OF COMPANY SECRETARIES OF INDIA.
 ICSI A PREMIER PROFESSIONAL BODY & UNITED STOCK EXCHANGE OF INDIA
(USE) HAVE SIGNED AN MOU FOR EXCHANGE OF INFORMATION, CONSULTATION
& COOPERATION.
 USE IS THE INDIA’S NEWEST STOCK EXCHANGE.
 NATIONAL STOCK EXCHANGE IS THE 9TH LARGEST STOCK EXCHANGE IN THE
WORLD.
 THE WORLD BANK APPROVED A USD 1.5 BILLION CREDIT & LOAN FOR PMGSY
AIMED TOWARDS IMPROVING RURAL ACCESSIBILITY OF ROADS.
 PMGSY – PRADHAN MANTRI GRAM SADAK YOJANA.
 THE KARUR VYSYA BANK ADJUDGED AS ‘BEST SMALL BANK’ BY BUSINESS
WORLD, IN ASSOCIATION WITH PWC.
 SBI PLANS TO OPEN 30 NEW OVERSEAS OFFICES IN 2011.
 ICAI – ISTITUTE OF CHARTERED ACCOUNTANTS OF INDIA AWADED 17 COMPANIES
FOR EXCELLENCE IN FINANCIAL REPORTING FOR THE YEAR 2009-2010.
 IN THE CATEGORY OF BANKING SECTOR, GOLD – HDFC BANK, SILVER - ICICI
BANK.
 IN THE CATEGORY OF INSUREANCE SECTOR, GOLD – SBI LIFE, SILVER – BIRLA SUN
LIFE.
 ICICI BANK TIES UP WITH NIIT FOR MBA COURSES.
 ICICI BANK IS THE INDIA’S LARGEST PRIVATE SECTOR BANK.
 ICICI BANK & INDIAN ARMY SIGNS A MOU FOR BANKING SERVICES & PRODUCTS
TO THE ARMY PERSONNEL.
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 SOFTWARE GIANT APPLE HAS EMERGED AS THE WORLD’S MOST VALUABLE
BRAND SURPASSING GOOGLE, WHILE ICICI BANK IS THE ONLY INDIAN COMPANY
TO FEATURE IN THE LIST OF TOP 100 GLOBAL BRANDS, RANKED AT THE 53 RD
POSITION.
 RBI IN INDIA PERFORMS THE DUTIES OF CENTRAL BANK.
 RBI ALLOWS 7 MORE BANK TO IMPORT GOLD & SILVER.
 MANY REGIONAL RURAL BANKS ARE GIVEN LICENCE TO OPEN BRANCHES IN
SMALL CITIES & TOWNS, THESE LICENCE ARE GIVEN BY RBI.
 THE GOVERNOR OF RBI IS D. SUBBARAO.
 RBI WAS NATIONALIZED IN 1949.
 RBI WILL CIRCULATE COINS OF Rs5 ON MOTHER TERESA ON HER BIRTH
CENTENARY.
 RBI HAS LAUNCHED Rs 150 COIN ON THE OCCASION OF 150 TH ANNIVERSARY YEAR
OF TAGORE.
 RBI WILL HAVE SUB-OFFICES IN ALL THE CAPITAL STATES OF NORTH EAST,
STARTING WITH AGARTALA.
 ASIAN FINANCIAL CRISIS OF 1997 STARTED FROM THAILAND.
 ALLAHABAD BANK IS THE INDIA’S OLDEST JOINT STOCK BANK.
 IN 1959 NATIONLIZATION OF SBI SUBSIDIARIES TOOK PLACE.
 UNDER THE PROGRAM MGNREGA MINISTRY OF RURAL DEVELOPMENT HAS
INCREASED 17-30%WAGES, WHICH WILL BE EFFECTIVE FROM 01.01.2011.
 MGNREGA-
 SONIA GANDHI, CHAIRPERSON OF UPA HAS LAUNCHED A SPECIAL CAMPAIGN
SWABHIMAAN FOR FINANCIAL INCLUSION TO BRING BANKING TO THE MASSES
ON FEBRUARY 10, 2011.
 TO COVER 73000 UNBANKED RURAL HABITATIONS WITH OVER 2000 POPULATIONS.
 OPENING 5 CRORE NEW BANK ACCOUNTS.
 PROVIDING BRANCHLESS BANKING THROUGH TECHNOLOGY.
 ENSURING SAFE AND SECURE BANKING.
 BANKING AT THE DOOR STEP THROUGH BUSINESS CORRESPONDENTS (BANK
SAATHI).
 J&K BANK LAUNCH ‘APPLE ADVANCE SCHEME’ TO ENSURE TIMELY & ADEQUATE
CREDIT TO APPLE GROWERS.
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 IOB-INDIAN OVERSEAS BANK IS PLANNING TO INCREASE ITS BRANCHES TO 3000 &
ACHIEVE SAME NUMBER OF ATMs ACROSS THE COUNTRY BY THE NEXT FISCAL
YEAR.
 ADB-ASIAN DEVELOPMENT BANK.
 THE HEADQUQRTERS OF ADB IS AT MANILA.
 ELECTRICITY IN RURAL AREAS COVERING 12000 HOUSEHOLDS IN REMOTE
VILLAGES WILL BE LIGHTED UNDER A US$ 120 MILLION ADB LOAN.
 ADB WILL PROVIDE US$ 250 LOAN FOR INFRASTRUCTURE FINANCING PROJECT IN
INDIA.
 ADB WILL PROVIDE US$ 150 IN CREDIT TO UP INDIA’S SOLAR POWER USE.
 ASIA TO ACCOUNT FOR OVER 50% OF GLOBAL GDP BY 2050 SAYS ADB.
 THE INDIAN CCONOMY GREW AT 8% DURING THE FINANCIAL YEAR ENDED
MARCH 2010, HIGHER THAN 7.4% ESTIMATED EARLIER, DRIVEN BY
MANUFACTURING & SERVICES SECTOR.
 PER CAPITA INCOME OF INDIANS GREW BY 14.5% TO Rs 46492 IN 2009-2010 FROM Rs
40605 IN THE PREVIOUS PERIOD.
 PER CAPITA INCOME OF INDIANS GREW BY 17.9% TO Rs 54835 IN 2010-2011 FROM Rs
46492 IN THE PREVIOUS PERIOD.
 PER CAPITA INCOME MEANS EARNINGS OF EACH INDIAN IF THE NATIONAL
INCOME IS EVENLY DIVIDED AMONG COUNTRY’S POPULATION.
 LATEST JAPANESE GOVERNMENT ESTIMATES SHOW THAT CHINA HAS
OVERTAKEN JAPAN AS THE WORLD’S 2ND LARGEST ECONOMY.
 WORLD’S 10 LARGEST ECONOMY-US, CHINA, JAPAN, GERMANY, FRANCE, UK,
ITALY, BRAZIL, CANADA, RUSSIA.
 THE GOVERNMENT WILL INFUSE 150 BILLION RUPEES INTO THE SBI THROUGH ITS
RIGHT ISSUE.
 SBI HAS ALSO ASKED FOR CAPITAL INFUSION OF 250 BILLION RUPEES FOR NEXT 2
FISCAL YEARS FROM THE GOVERNMENT.
 SBI IS THE LARGEST LENDER BANK.
 PRATIP CHOUDHARY HAS BEEN APPOINTED AS THE NEW CHAIRMAN OF SBI.
 SBI ANNOUNCED THE WITHDRAWAL OF SPECIAL HOME LOAN SCHEMES OR
TEASER RATES WITH EFFECT FROM 1ST MAY, 2011.
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 SBI INDICATED MERGING EITHER STATE BANK OF PATIALA OR STATE BANK OF
HYDERABAD WITHITSELF BY EARLY NEXT FISCAL AS PART OF THE ONGOING
CONSOLIDATION PROCESS.
 SUSHMA NATH IS THE INDIA’S 1ST WOMAN FINANCE SECRETARY.
 THE VALIDITY PERIOD OF KISHAN CREDIT CARD IS 3 YEARS.
 A BUDGETARY PROVISION OF Rs 253.06 CRORE HAS BEEN MADE FOR RESEARCH $
DEVELOPMENT IN NEW & RENEWABLE ENERGY FOR THE 1 ST 4 YEARS OF THE 11TH 5
YEAR PLAN OF THE MNRE.
 MNRE-MINISTRY OF NEW & RENEWABLE ENERGY.
 GOVERNMENT APPROVES 6% HIKE IN DEARNESS ALLOWANCE BENEFITING
CENTRAL GOVERNMENT EMPLOYEES & PENSIONERS.
 AT KANDALA, ASIA’S 1ST EPZ WAS SET UP IN 1965.
 EPZ-EXPORT PROCESSING ZONE.
 ANAND SHARMA, UNION MINISTER OF COMERCE & INDUSTRY RELEASED THE
DRAFT STATEGY PAPER FOR DOUBLING EXPORTS.
 INDIA’S EXPORT WILL TOUCH US $ 450 BILLION BY 2014 & EXPORTS DURING 2010-
11 WILL REACH US $ 225 BILLION.
 EEPC SET A TARGET OF TRIPLING ENGINEERING EXPORTS OF US $ 12O BILLION BY
2015.
 EEPC-ENGINEERING EXPORT PROMOTION COUNCIL.
 FTPB-FOREIGN TRADE PROMOTION BOARD.
 FIPB-FOREIGN INVESTMENT PROMOTION BOARD.
 EXPORT GROWS 32.5% AT US $ 20.6 BILLION IN JANUARY 2011.
 FIMI-FEDRATION OF INDIAN MINERAL INDUSTRY.
 INDIA HAS EMERGED AS THE TOP 10 MANUFACTURERS OF THE WORLD,
PRIMARILY HELPED BY STRONG ECONOMIC GROWTH, ACCORDING TO AN UN
AGENCY NAMED UNIDO.
 UNIDO-UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANISATION.
 NSIC SIGNED MOU WITH BANK OF INDIA FOR EASY AND HASSEL FREE CREDIT.
 NSIC-NATIONAL SMALL INDUSTRIES COOPERATION.
 THE TOTAL NO. OF BRANCHES OF 32 FOREIGN BANKS OPERATING IN INDIA AS ON
MARCH 2010 STOOD AT 306, WHICH IS A SMALL RISE OF 4.4%.
 GOVERNMENT APPROVES 9.5% INTEREST ON PF DEPOSITS FOR 2010-11.
 EPFO-EMPLOYEES PROVIDENT FUND ORGANISATION.
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 IAMAI SAYS INDIA E-COMMERCE MARKET TO CROSS 46000 CRORE WITH THE
GROWTH RATE OF 47% IN THE 2011 CALENDER YEAR.
 IAMAI-INTERNET AND MOBILE ASSOCIATION OF INDIA.
 THE REPO RATE (SHORT TERM LENDING RATE) INCREASED UNDER THE LAF BY 25
BASIS POINTS FROM 7.25% TO 7.50%.(MID QUARTER REVIEW OF MONETARY
POLICY JUNE 2011)
 THE REVERSE REPO RATE (SHORT TERM BORROWING RATE) INCREASED UNDER
THE LAF BY 25 BASIS POINTS FROM 6.25% TO 6.50%.(MID QUARTER REVIEW OF
MONETARY POLICY JUNE 2011)
 THE REPO RATE (SHORT TERM LENDING RATE) INCREASED UNDER THE LAF BY 50
BASIS POINTS FROM 7.50% TO 8.00%%.(1ST QUARTER REVIEW OF MONETARY
POLICY 2011)
 THE REVERSE REPO RATE (SHORT TERM BORROWING RATE) INCREASED UNDER
THE LAF BY 50 BASIS POINTS FROM 6.50% TO 7.00%.(1 ST QUARTER REVIEW OF
MONETARY POLICY 2011)
 LAF-LIQUIDITY ADJUSTMENT FACILITY.
 REVERSE RAPO RATE TO BE FIXED 100 BPS LOWER THAN THE REPO RATE.
 MARGINAL STANDING FACILITY (MSF) RATE TO BE FIXED 100 BPS UPPER THAN
THE REPO RATE.
 RESERVE RATIOS:-CRR (CASH RESERVE RATIO)-6.0%, SLR
(STATUTORY LIQUIDITY RATIO)-24.0%.
 BANK RATE AT PRESENT IS 6%.
 AS PER RBI NEW MONETARY POLICY 2011-12 INTEREST RATES ON SAVINGS BANK
DEPOSIT HIKED TO 4% FROM 3.5%.
 CMIE-CENTRE FOR MONITORING INDIAN ECONOMY.
 B. MUTHURAMAN IS THE NEW PRESIDENT OF FICCI.
 GARSH C. MARIWALA IS THE NEW PRESIDENT OF FICCI.
 RAJIV KUMAR IS THE NEW SECRETARY GENERAL OF FICCI.
 FICCI-
 FRP-FAIR AND REMUNERATIVE PRICE.
 500 CRORE HAS BEEN ALLOCATED TO THE NATIONAL SKILL DEVELOPMENT FUND
IN THE UNION BUDGET 2011-12.
 9
 SUKHI GRIHA SCHEME HAS BEEN LAUNCHED UNDER RAIL BUDGET 2011-12 ON
PILOT BASIS TO PROVIDE 10000 DWELLING UNITS TO POOR PEOPLE WHO LIVE
NEAR RAILWAY TRACK.
 ACCORDING TO UNION BUDGET 2011-12, 500 CRORE HAS BEEN ALLOCATED FOR
RECAPITALIZATION OF RRBs.
 RRB-RURAL DEVELOPMENT BANK.
 HDFC IS THE ONLY INDIAN COMPANY FIGURING IN A NEW YORK CITY THINK
TANK’S 5TH ANNUAL LIST OF WORLD’S MOST ETHICAL COMPANIES.
 THE NATIONAL FLOOR LEVEL MINIMUM WAGE HAS BEEN REVISED FROM Rs 100
TO Rs 115 PER DAY WITH EFFECT FROM 1ST APRIL, 2011.
 7 POST OF INDIRECT TAX OMBUDSMAN HAS BEEN APPROVED TO BE CREATED BY
UNION CABINET.
 ISRO BUILT INDIA’S FASTEST COMPUTER SAGA-220.
 ASHA-ACCREDITED SOCIAL HEALTH ACTIVIST.
 HUPA-HOUSING AND URBAN PROVERTY ALLEVIATION.
 NOBEL LAUREATE MUHAMMAD YUNUS HAS RESIGNED AS THE MD OF GRMEEN
BANK, AFTER BANGLADESH SUPREME COURT DISMISSED HIS APPEAL TO REMAIN
AS HEAD OF THE PIONEERING MICRO-LENDING AGENCY HE FOUNDED NEARLY 3
DECADES AGO.
 NABARD WAS ESTABLISHED IN 6TH 5 YEAR PLAN.
 THE DIRECT TAX CODE BILL, 2010 WAS INTRODUCED IN PERLIAMENT IN AUGUST,
2010.
 THE NEW CHAIRMAN OF NASSCOM IS RAJENDRA S. PARWAR.
 MINIMUM SUPPORT PRICE IS RECOMMENDED BY CACP.
 THE BASE FOR CALCULATION OF INFLATION UNDER WHOLESALE PRICE INDEX IS
100.
 IIP-INDEX OF INDUSTRIAL PRODUCTION.
 IRR-INTERNAL RATE OF RETURN.
 MFI-MICRO FINANCE INSTITUTION.
 THE PRESENT BANK NOTES WITH YHE NEW RUPEE SYMBOL APPROVED BY
UNICODE STANDARD AUTHORITY FOR ISO 4217 WILL BE IN CIRCULATION
SHORTLY.
 AUSTRALIA & NEW ZEALAND BANKING GROUP Ltd (ANZ) OPENED ITS 1 ST BRANCH
OPERATION IN MUMBAI.
 10
 NATIONAL INCOME IS THE NNP AT MARKET PRICE.
 THE BASE YEAR FOR ASSESSMENT AT FACTOR COST IS 2004-2005.
 SUNIL MITRA IS THE FINANCE SECRETARY OF INDIA.
 THE 1ST EVER POST INDEPENDENCE SOCIO-ECONOMIC & CASTE CENSUS 2011
BEGAN FROM SANKHOLA VILLEGE, TRIPURA.
 IT IS A DOOR TO DOOR CENSUS IN THE ENTIRE COUNTRY TO IDENTIFY THE
HOUSEHOLD LIVING BELOW THE PROVERTY LINE.
 GOVERNMENT ALLOWS DUTY FREE IMPORT OF VEGETABLES, FRUITS FROM
DHAKA.
 LIC & AXIS BANK HAVE SIGNED AN AGREEMENT TO OFFER CREDIT CARD
SERVICES TO THE CUSTOMERS & EMPLOYEES OF LIC.
 SALARIED TAXPAYERS WITHTOTAL INCOME UPTO Rs 5 LAKH EXEMPTED FROM
FILLING INCOME TAX RETURN FOR ASSESSMENT YEAR 2011-12.
 GROSS DIRECT TAX COLLECTIONS DURING THE 1 ST QUARTER OF CURRENT FISCAL
(APRIL-JUNE 2011) UP BY 23.91%.

1) At present number of public sector banks inIndia:

a) 26
b) 27
c) 28
d) 29
e) None of these
2) At present number of private sector banks inIndia:
a) 21
b) 22
c) 23
d) 24
e) None of these
3) Nationalisation of 14 major banks in…………………..
a) 1949
b) 1955
c) 1959
d) 1969
e) None of these
 11
4) Nationalisation of six banks in…………………………..
a) ) 1949
b) 1955
c) 1959
d) 1969
e) 1980
5)The largest commercial bank inIndia:
a) SBI
b) ICICI Bank
c) PNB
d) HDFC Bank
e) None of these
6) The Second largest public sector commercial bank inIndia:
a) Punjab National Bank
b) Bank of Baroda
c) Bank of India
d) IDBI Bank
e) Corporation Bank
7) The Largest private sector commercial bank inIndia:
a) AXIS Bank
b) HDFC Bank
c) ICICI Bank
d) Federal Bank
e) None of these

8) The second largest private sector commercial bank inIndia:

a) IDBI Bank
b) AXIS Bank
c) HDFC Bank
d) ICICI Bank
e) None of these
 12
9) The first Indian bank to open a branch outsideIndiainLondonin
1946:
a) State Bank of India
b) Punjab National Bank
c) Bank of Baroda
d) Canara Bank
e) Bank of India
10) Latest Public Sector Bank inIndia:
a) SBI
b) ICICI Bank
c) HDFC Bank
d) IDBI Bank
e) None of these
11) Latest Private Sector Bank inIndia:
a) Federal Bank
b) South Indian Bank
c) YES Bank
d) Kotak Mahindra Bank
e) None of these
12) The Largest foreign bank operating inIndia:
a) Citi Bank
b) HSBC
c) Barclays Bank
d) ABN Amro Bank
e) Standard Chartered Bank

13) Which bank is the largest issuer of credit cards inIndia?

a) SBI
b) ICICI Bank
c) HDFC Bank
d) IDBI Bank
e) None of these

14) Who is the current MD & CEO of ICICI Bank?

 13
a) Shyamala Gopinath
b) Shikha Sharma
c) Chanda Kochhar
d) Renu Challu
e) Sushma Nath
15) The Chairman of Indian Banks Association(IBA) (For 2011-12):
a) M.D.Mallya
b) Pratip Chaudhuri
c) D.Subbarao
d) Subir Gokarn
e) U.K.Sinha
16) The largest bank inChina:
a) Industrial and Commercial Bank of China Ltd. (ICBC)
b) Hongkong and Shanghai Banking Corporation(HSBC)
c) Deutsche Bank AG
d) BNP Paribas
e) DBS Bank

17) Bad loans in banking terminology are generally known

as…………………
a) CBS
b) PLR
c) NPAs
d) CRR
e) None of these
18) In Financial Term NPA, P stands for………..
a) Potential
b) Peforming
c) Prodiction
d) Professional
e) None of these
 14
19) Which of the following pairings is wrong? (Bank & Country)
a) Citi Bank : USA
b) ABN AMRO Bank : TheNetherlands
c) BNP Paribas :Russia
d) Hongkong and Shanghai Banking Corporation(HSBC) :United
Kingdom
e) Deutsche Bank AG :Germany
20) Which of the following pairings is wrong? (Bank & Country)
a) Barclays Bank : United Kingdom
b) J P Morgan Chase Bank :USA
c) Societe Generale :France
d) Standard Chartered Bank :South Africa
e) Sonali Bank :Bangladesh

21) The New Capital Adequacy Framework prescribed for the banks
is commonly known as ………….
a)KYC norms
b)Credit Policy
c)Basel Accord
d)Fiscal Policy
e) None of these
22) The central bank of theUnited States:
a) Citi Group
b) Bank ofAmerica
c) JP Morgan Chase
d) Federal Reserve
e) Bank for International Settlements
23) Which of the following pairings is wrong? (Bank & Tagline)
a) State Bank ofIndia: With you all the way
b) Punjab National Bank : The name you can BANK upon!
c) Bank ofBaroda:India’s International Bank
d) Oriental Bank of Commerce : Where every individual committed
e) Bank of India : The World’s local bank
 15

24) Axis Bank previously called as……….

a) IDBI Bank
b) HDFC Bank
c) YES Bank
d) ICICI Bank
e) UTI Bank

25) Which of the following is not a commercial bank?

a) IDBI Bank
b) HDFC Bank
c) ICICI Bank
d) EXIM Bank
e) AXIS Bank
26) Which of the following pairings is wrong?(Bank/Financial
Institution & Establishment Year)
a) RBI : April 1, 1935
b) SBI : July 1, 1955
c) NABARD : July 12, 1982
d) NHB : July 9, 1988
e) SIDBI : April 1, 1990
27) The largest bank inPakistan:
a) State Bank of Pakistan
b) Habib Bank Limited
c) Sonali Bank
d) DBS Bank
e) None of these
 16

28) Consider the following sentences:

A. Non Performing Asset (NPA) is an asset, including a leased
asset, becomes non performing when it ceases to generate income
for the bank.
B. Core banking is a general term used to describe the services
provided by a group of networked bank
branches. The platform where communication technology and
information technology are merged to suit
core needs of banking is known as Core Banking Solutions.
C. Banking Ombudsman is an independent dispute resolution
authority provided by RBI to deal with disputes
that bank customers have with their respective banks.
D. Base Rate is the minimum rate of interest that a bank is allowed
to charge from its customers. Unless
mandated by the government, RBI rule stipulates that no bank can
offer loans at a rate lower than base
Rate to any of its customers.
E. NBFC or Non Banking Financial Companies is a company
inIndia, which is registered under the
Companies Act, 1956, and which provides banking services without
meeting the legal definition of a bank.
Which of the statements given above is/are correct?
a) Only A & B
b) Only B & C
c) Only C & D
d) Only D & E
e) All are correct
29) Which of the following is the Apex level institution for housing?
a) EXIM Bank
b) NABARD
c) NHB
 17
d) SIDBI
e) None of these

30) Which of the following is not a nationalized bank?

a) PNB
b) Indian Bank
c) Bank of India
d) Karnataka Bank
e) Canara Bank
31) Which of the following banks was merged with ICICI Bank in
2010?
a) Bank of Rajasthan
b) Bank of Maharashtra
c) Karnataka Bank
d) State Bank ofIndore
e) Global Trust Bank
32) Which of the following banks was merged with SBI in 2010?
a) State Bank of Travancore
b) State Bank of Mysore
c) State Bank of Indore
d) State Bank of Saurashtra
e) State Bank of Hyderabad
ANSWERS
1) a 2) b 3) d 4) e 5)a 6)a 7) c
8) c 9) e 10) d
11) c 12) e 13) b 14) c 15) a 16) a 17) c
18) b 19) c 20) d
21) c 22) d 23) e 24) e 25) d 26) e 27) b
28) e 29) c 30) d 31) a 32)c
 18

Guru Tegh Bahadur Gold Cup tournament is associated with

which of the following sports?
1) Hockey
2) Badminton
3) Cricket
4) Soccer
5) None of these
21. Where is the National Commo- dity and Derivatives Exchange
Limited (NCDEX) located?
1) Hyderabad
2) Mumbai
3) Kolkata
4) Bangalore
5) New Delhi
22. Which former Chief Election Commissioner is the author of the
book 'The Miracle of Demo-cracy: India's Amazing Journey'?
1) T.N.Seshan
2) M.S.Gill
3) B.B.Tandon
4) T.S.Krishnamurthy
5) Navin Chawla
23. What is the full form of 'POS'?
1) Permission of Sale
2) Point of Sale
3) Point of Support
4) Potential of Service
5) None
24. Which of the following is not a banking term?
1) Overdraft
2) CBS
3) Equator
4) Account payee
5) SME Finance
 19
25. The Doing Business Report (DBR) is released every year by
which of the following instituti-ons?
1) IMF
2) World Bank
3) WTO
4) ADB
5) UNCTAD
26. Which of the following banking terms is used to describe bad
loans?
1) CBS
2) NPA
3) RTGS
4) Prime Loans
5) Prime Assets
27. Which country's currency is called Yen?
1) China
2) North Korea
3) South Korea
4) Japan
5) Thailand
28. Which of the following approves the draft of the Five Year
Plans?
1) Planning Commission
2) National Innovation Council
3) National Development Council
4) Finance Commission
5) None of these
29. Which of the following is an extra-constitutional and
non-statutory body?
1) Election Commission
2) Finance Commission
3) Planning Commission
4) Union Public Service Commission
5) None of these
 20
30. Which of the following gives Crystal Award?
1) WTO
2) WEF
3) APEC
4) IBRD
5) ADB
31. Which of the following decides the distribution of tax incomes
between the central and state governments?
1) Law Commission
2) Pay Commission
3) Planning Commission
4) Finance Commission
5) Administrative Reforms Commission
32. Who is the author of the book 'Termites in the Trading System'?
1) Jagdish Bhagwathi
2) Amartya Sen
3) M.S.Swaminathan
4) Paul Krugman
5) None of these
33. Which of the following is not a football club?
1) Chelsea
2) Arsenal
3) Manchester United
4) Monte Carlo
5) Liverpool
34. Putrajaya is the administrative capital of which of the following
countries?
1) Malaysia
2) Indonesia
3) Sri Lanka
4) Nepal
5) None of these
35. Which of the following South American countries is a member of
the Organization of Petroleum Exporting Countries (OPEC)?
 21
1) Peru
2) Ecuador
3) Chile
4) Brazil
5) Argentina
ANSWERS:
1) 4 2) 3 3) 5 4) 2 5) 3
6) 5 7) 1 8) 2 9) 3 10) 3
11) 1 12) 4 13) 2 14) 4 15) 3
16) 5 17) 2 18) 4 19) 3 20) 1
21) 2 22) 4 23) 2 24) 3 25) 2
26) 2 27) 4 28) 3 29) 3 30) 2
31) 4 32) 1 33) 4 34) 1 35) 2

. 'Saranda Action Plan', has been recently launched by Rural

Development Ministry. It will be implemented firstly in Naxal-hit
Saranda district of which among the following states?
1) Chhattisgarh
2) Jharkhand
3) Odisha
4) Punjab
52
5) Haryana
3. How many key infrastructure sectors are known as Core sector in
India Economy used for Index of Industrial Production (IIP) data?
1) six
2) seven
3) eight
4) ten
5) three
4. The Ennahda Party has emerged as largest political party in the
first elections after the Arab Spring in which among the following
countries?
1) Tunisia
 22
2) Syria
3) Libya
4) Algeria
5) Sudan
5. Indian Ocean Rim Association for Regional Cooperation
(IOR-ARC) was initiated by which among the following countries?
1) India
2) Sri Lanka
3) Maldives
4) Mauritius
5) Nepal
6. Nabam Tuki has been sworn in as Chief Minister of which among
the following states recently?
53
1) Nagaland
2) Mizoram
3) Arunachal Pradesh
4) Meghalaya
5) Sikkim
7. Who among the following has recently topped the Fortune India's
50 Most Powerful Women in Business list?
1) Kiran Mazumdar Shaw
2) Chanda Kochar
3) Ekta Kapoor
4) Shikha Sharma
5) Lalitha Dutta
8. Which among the following decides the Saving Banks Account
Interest Rate in India?
1) Ministry of Finance
2) Reserve Bank of India
3) Indian Banks' Association (IBA)
4) Banks themselves
5) IBPS
 23
9. For which among the following criminal activities related to
Business, tycoon Raj Rajaratnam was sent to jail recently?
1) Terrorist Funding
2) Insider Trading
3) Tax Evasion
4) Hawala Transaction
5) Smuggling
54
10. Which of the following banks recently completed its Platinum
Jubilee celebrations?
1) Central Bank of India
2) Reserve bank of India
3) Andhra Bank
4) Canara Bank
5) IDBI
11. Unique Identification Authority of India (UIDAI), which provides
AADHAAR is a part of which among the following?
1) National Development Council
2) Planning Commission
3) Ministry of Home Affairs
4) Ministry of Planning and Implementation
5) Planning and Statistics
12. Which among the following country is the host to 17th South
Asian Association for Regional Cooperation (SAARC) summit in
November 2011?
1) Bangladesh
2) Maldives3) Nepal
4) Pakistan5) India
13. Accounts are allowed to be operated by cheques in respect of
1) Both saving bank accounts and fixed deposit accounts
2) Both saving bank accounts and current accounts
3) Both saving bank accounts and loan accounts
4) Both saving bank accounts and cash accounts
5) Both saving bank account and credit accounts
 24
14. Vasanth Sathe , who recently died is known for spearheading
the move to bring which among the following to India 1980s?
1) Personal Computers
2) Color TVs
3) Washing Machines
4) Motor Cycles
5) Telecom revolution
15. Recently which of the following bank celebrated its
CENTENARY Anniversary ?
1) Andhra Bank
2) Bank of India
3) Central Bank of India
4) Vijaya Bank
5) Canara Bank
16. The students of which among the following institutions have built
the 'Jugnu' satellite which is a remote-sensing satellite that will
monitor vegetation and waterbodies?
1) IIT Kanpur
2) IIT Kharagpur
3) SRM University
4) Andhra University
5) Delhi University
56
17. Who among the following is the winner of 26th Indira Gandhi
Award for National Integration?
1) Anil Kakodkar
2) Amjad Ali Khan
3) Mohan Dharia
4) Prof. Jagdish Bhagwati
5) Prof.Niharika VidyaSagar
 25
18. On October 25, the Reserve Bank of India (RBI) had
deregulated the savings bank deposit rates and asked banks to
determine their own. Banks are required to offer a uniform rate on
deposits up to which among the following amounts?
1) Rs. 50,000
2) Rs. 1,00,000
3) Rs. 1,20,000
4) Rs. 1,50,000
5) Rs.2,00,000
19. What is the requirement of the minimum capital adequacy ratio
under the new Basel III guidelines released in 2010?
1) 9%
2) 9.5%
3) 10%
4) 10.5%
5) 11%
20. Which among the following states have topped India Human
Development Report 2011?
1) Kerala
2) Tamil Nadu
3) Himachal Pradesh
4) Punjab
5) Andhra Pradesh
21. Who among the following is India's Permanent Representative
to the United Nations?
1) Arundhati Ghose
2) Hardeep Singh Puri
3) B N Rau
4) Nirupam Sen
5) Nidhi Razdan
 26
22. P. C. Haldar was recently making news for being appointed as
interlocutor by the Government to remove bottlenecks on the road
to a dialogue in which among the following issues in India?
1) Gorkhaland Talks2) Assam Peace Talks
3) Jammu & Kashmir Problem4) Naxalite Problem
5) Delhi bomb blasts
23. Before it was transferred to Agriculture Insurance Company of
India Ltd, the National Agricultural Insurance Scheme was being
implemented by which among the following companies?
1) General Insurance Corporation of India
2) Oriental Insurance Company Ltd.
3) New India Assurance Company Ltd.
58
4) National Insurance Company Ltd
5) Food Corporation of India
24. As per the latest data, which among the following is the nearest
figure to the average population of India per bank branch?
1) 8000 2) 13000
3) 18000 4) 21000
5) 25000
25. Who among the following is the current Chief of National
Security Guards?
1) AK Mitra
2) JK Dutt
3) NPS Aulakh
4) Rajan K Medhekar
5) Jagadish Patnaik
26. RBI has decided to release Rs 5 coin to mark the 1000 years of
which of the following temple recently ?
1) Vaishno Devi temple
2) Brihadeswara temple
3) Kashi Vishwanath temple
4) Sabarimala Temple
5) Tirumala Dwaraka
 27
27. Which of the following approved $ 1 billion loan for the National
Ganga River Basin project recently ?
59
1) Asian Development Bank
2) World Bank
3) UNEP
4) IMF
5) None
28. The National Green tribunal headquartered at Delhi will have
benches at all the following places except ___
1) Bhopal
2) Pune
3) Kolkatta
4) Jaipur
5) Chennai
29. India assumed the chairmanship of which of the following
international organisations in September 2011 ?
1) G24
2) BRICS
3) G20
4) G8
5) IBSA
30. Which of the following is a private sector bank ?
1) Corporation Bank
2) Indian Bank
3) Karur Vysya Bank
4) Oriental Bank of Commerce
5) None of the above
60
31. What is the minimum time of operation an insurance company is
required to complete for becoming eligible to launch an IPO ( Initial
Public Offer )?
1) 2 years2) 5 years3) 7 years
4) 8 years5) 10 years
 28
32. SCORES is a complaint redressal system launched by ____
1) CCI
2) RBI
3) TRAI
4) SEBI
5) SBI
33. The national broadband plan is aimed at rolling out broadband
infrastructure to every village with more than____ people ?
1) 2000
2) 3000
3) 1000
4) 200
5) 500
34. Indian mining companies have bid for stake in Hajigak ore
mines in Afghanistan, which of the following is the mines famous for
?
1) Iron
2) Bauxite
61
3) copper
4) Coal
5) Cobalt
35. From which of the following state National Rural Livelihood
Mission launched recently?
1) Andhra Pradesh
2) Punjab
3) Haryana
4) Karnataka
5) Rajasthan
36. 'Aichi Targets' refers to which of the following? 1) Trade
2) Environment
3) S & T
4) Commerce
5) Education
 29
37. Where in India World Spice Organisation set up recently ?
1) Guntur
2) Bangalore
3) Chennai
4) Kochi
5) Delhi
38. ASHA is a low priced milk food drink introduced for rural
consumers by which of the following ?
1) Nestle
2) Amul
3) Heinz
4) GlaxosmithKline
5) None
39. Which of the following is the new income tax return form for
salaried employees introduced by Finance Minister Recently ?
1) Suvida
2) Sugam
3) Sahaj
4) Saral
5) Samasya
40. Which Bank has announced an end to its TEASER home loan
scheme recently?
1) SBI
2) Andhra Bank
3) Vijaya Bank
4) ICICI
5) HDFC

41. Kimberley process certificated are compulsory for trade in which

of the following ?
1) Gold
2) Trade
3) Diamonds
 30
4) Nuclear materials
5) Radio active materials
42. Accredited Social Health Activists (ASHAs ) in which of the
states are known as Mitanins ?
1) Punjab 2) Haryana
3) Chhattisgarh
4) Madhya Pradesh
5) Kerala
43. Which of the foreign bank has the highest number of employees
in India ?
1) HSBC
2) RBS
3) Bank of America
4) UBS
5) Standard Chartered Bank
44. What is the FDI limit in the insurance sector in India ?
1) 26 %
2) 25 %
3) 30%
4) 50%
5) 49 %
45. Which of the following state has recently announced a monthly
allowance to unemployed under graduates recently ?
1) Karnataka
2) Rajasthan
3) Goa
4) Maharashtra
5) Punjab

46. Which of the following has launched the EVERYWHERE

TELLER MACHINE in India ?
1) Andhra Bank
2) ICICI Bank
 31
3) Axis Bank
4) RBS
5) SBI
47. French Auction is a term used in which of the following sectors
of financial services ?
1) Capital Markets
2) Banks
3) Insurance
4) NBFC
5) Micro Credit
48. Which state has the second highest literacy rate as per the
provisional figures of the census 2011 ?
1) Gujarat
2) Mizoram
3) Assam
4) Rajasthan
5) Punjab
49. China emerged as the world's second largest economy in 2010
overtaking which of the following ?
1) France
2) Germany
3) Italy
4) India
5) Japan
50. The new head of IMF is ?
1) Montek Singh Ahluwalia
2) Christine Lagarde
3) John Paul
4) Liu Xiabaou
5) Robert Zoellick
ANSWERS:
1)1 2)2 3)3 4)1 5)4 6)3 7)2 8)4 9)2 10)2 11)2 12)2 13)2 14)2 15)3
16)1
17)3 18)2 19)4 20)1 21)2 22)2 23)1 24)2 25)4 26)2 27)2 28)4 29)2
 32
30)4 31)5 32)4
33)5 34)1 35)5 36)2 37)4 38)4 39)3 40)1 41)3 42)3 43)5 44)1 45)3
46)3 47)1 48)2
49)5 50)2