(BANKING AND FINANCE) 1. The Base Rate is came in to being with effect from 01.07.2010 2.

Nabard has reduced the interest rate for refinance to commercial banks to 8% 3. Expand MFIN: Micro Finance Institutions NetWork 4. Who is heading the Committee to examine Rajiv Awas Yojana? Deepak Parekh, Chairman HDFC 5. SBI has proposed to acquire 20-30% stake in Tata Motors Finance Ltd, as NBFC 6. Tobin Tax refers to a tax that is levied on forex inflows into a country. It suggests small tax on every exchange of currencies. The tax will be a trivial expense for those engaged in foreign trade or long term investment. This was recommended by James Tobin, a Nobel Prize winner economist. It is said that even a very small tax @ 0.005% on all forex transactions in the major currencies would generate large amount of tax revenue estimated over $ 30 billion a year 7. Bhavishya Nirman Bonds, a zero coupon bond, have been issued by Nabard 8. World Consumer Rights Day was observed on 15th March 9. The 13th Finance Commission headed by Dr. Vijay Kelkar covers the period 2010-15. 10.The CEO of AMFI: Mr. H.N. Sinor, former CEO of IBA 11.In which denomination of Currency notes RBI has proposed to issue polymer notes? Rs.10/12. SBI ATM-cum-Debit card users can make online payments for purchase of MFs SBI Asset Management Company has recently introduced this option 13. Last year a European Country was facing a financial crisis? Greece 14.Which bank has launched Platinum Debit Card recently? SBI 15.The Government stake in SBI is proposed to be reduced to 51% of capital of SBI (from 59%) 16.Where was the SBIs 20000th ATM was opened? Barala, West Bengal 17.The Official Banker for the Commonwealth Games, 2010 held at New Delhi was Central Bank of India 18.The Present National Security Adviser : Shiv Shankar Menon, former Foreign Secretary 19.The Director of the film MY Name is Khan? Karan Johan

20.Vedanta Resources is in the news recently : The Church of England which held shares in the Company has stated that it will sell all the shares held by it. It said that the company has trampled the tribal peoples rights in Orissa, India 21.The Hottest Year in India : 2009 22.Shaurya: The underwater missile developed by India 23.The name of Chinese New Year: Year of Rabbit 24.The only cricketer who has scored 200 runs in one day cricket: Sachin Tendulkar 25.The Bank was entered into an agreement with SBI Funds Management for distribution of its MF products, last year : Bank of Maharastra 26.The Kerala High Court has stayed the proposal of the State Government to start an Islamic Financial Institution on the lines of an Islamic Bank 27.Three Actors who have starred in Three Idiots: Aamir Khan, R. Madhavan and Sharman Joshi 28.The Director of Avatar: James Cameron 29.PFRDA : Pension Fund Regulatory and Development Authority 30.The CEO of SBI Cards and Payment Services P Ltd: Mr. Abhay Singh (formerly CGM of Mumbai Circle 31.SMS Unhappy: This is new service launched by SBI to solve normal problems of customers which 48 hours. Customer can simply type unhappy and message to 800 820 2020. The complaints will be received through a web based platform and the personnel will contact the customer, based on the phone numbers and solve the problems 32.All Villages with a population of over 2000 will have access to financial services by the end of 2011 by RBI 33.Provision Coverage Ratio: The ratio of provisions to gross non performing assets and indicates the extent of funds a lender has to keep aside to cover its loan losses 34.The present coverage ratio of SBI is 42% (Provision Coverage Ratio) 35.The significant amendment to FEMA rules : It allows expatriate employees to receive 100% of their post tax salary abroad as against the present 75% 36.The Banks having presence in Dubai: SBI, ICICI, BOB AND AXIS BANK 37.CRALite, launched by PFRDA : This will help SHGs to invest their money in the new pension scheme. The minimum investment limit is Rs.2000 and the charges will be about Rs.65 to Rs.70 for CRA Lite

38.COMBI Products : It is a combination of life and health insurance scheme. A single insurance company can issue combo product in future through a tie up between a life insurer and non life insurer 39. The rank of Indian Domestic Air Traffic : 4th : 1st USA, 2nd China and 3rd Japan 40.FORCE ONE : an elite Police unit launched by Maharashtra government to tackle on terrorists 41.Mrs. Sushma Swaraj : the leader of opposition in the Parliament 42.Green Building : It is one which conserves natural resources and is energy efficient and a healthier space for its occupants compared to a conventional building 43.Indias Forest cover to the total area : 22% (increased from 21.2%) 44.Which are Mega PSUs that will get status of Maharatna Companies from Navaratna Companies : ONGC, SAIL & NTPC 45.IDRBT : Institute for Development and Research in Banking Technology 46.IFRS : International Financial Reporting Standards 47.SFMS : Structured Financial Messaging System 48.Union Bank of India is the first bank to launch Mobile Banking in India, called U Mobile 49.The 44th President of USA : Barack Obama 50.The Company with which SBI is setting up a Joint Venture for offering Custodial and Related Services: Societe Generale Security Services 51.National Housing Bank is the regulatory Authority for Housing Finance Companies 52.Indian Maritime University has been set up at Chennai 53.The staff strength of Public Sector Banks at around 8.00 lacs 54.The Project Chief of Chandarayan I : Mr. Mailsamy Annadurai 55.IBRD: International Bank for Reconstruction and Development , is located at Washington DC 56.Dr. Martin Cooper : the inventor of mobile phone 57.The father of Indian Nuclear Science : Homi J Bhabha 58.World Laughter day : January 10th 59.The Books, The Audacity of Hope, Change We can Believe In, and Dreams from My Father are written by Mr. Barack Obama, the US President 3

60.The Bank for which a renowned cricketer has been appointed as its brand ambassador in India : Sachin Tendelkar