Professional Documents
Culture Documents
&
Financial
Awareness
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2 CURRENT AFFAIRS
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3 CURRENT AFFAIRS
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4 CURRENT AFFAIRS
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1) To
promote
women
entrepreneurship, the countrys first
womens bank the Bharatiya Mahila
Bank (BMB) has chosen to do away
with collateral for loans availed by
women. The BMB will provide
collateral-free loans for amounts up to
Rs 1 crore. Which entity would cover
the risk under this initiative? Credit
Guarantee Fund Trust for Micro and
Small Enterprises CGTMSE (The
CGTMSE is a credit guarantee
scheme, where a premium is paid
either by the lender or the applicant,
provides a guarantee cover for up to
80% of loans availed by women
owned or operated micro- and small
enterprises. For loans availed for
smaller amounts such as Rs 20,000,
banking
industry?
Tamilnad
Mercantile Bank TMB (Tuticorinbased TMB took a decision to this
effect at a meeting held on 18 January
2014. This dividend stands at Rs. 900
per share of Rs 10 each, for the fiscal
ending March 2014. This is the second
year in a row that the bank has
declared such a high dividend. The
banks board had approved a dividend
of Rs 750 per share for 2008-09 and
Rs 1,000 per share the following year)
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1) India
Post
(Indian
postal
department) during January 2014
announced an ambitious plan to install
as many as 3,000 ATMs and 1.35 lakh
micro-ATMs at its post offices across
the country for savings account
holders. This plan was rolled-out by
installing three ATMs in New Delhi,
Chennai and Bangalore on 5 February
2014 and ramping it up gradually.
What is the tentative deadline given by
India Post for installing these 3,000
ATMs and 1.35 lakh micro-ATMs?
September 2015(Under this plan,
1,000 ATMs with the India Post
branding will be put in within the first
year, which will be ramped up
massively to 3,000 in the next 18
months. To start with, the ATMs can
be used only by 26 crore savings
account-holders who save with the
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3) The
RBI
released
the
Macroeconomic
and
Monetary
Developments Report along with the
third quarter monetary policy review on
28 January 2014. What is RBIs broad
expectation about economic growth
rate (GDP Growth Rate) during 201313? GDP growth rate will remain
below 5% (The RBI said the growth is
expected to fall below 5% in 2013-14
in absence of pick-up in manufacturing
sector, but likely to recover to 5.5% in
the next financial year (2014-15). In
the first half of 2013-14, the GDP
growth was at 4.6%)
4) What is the name of a new fund
announced on 27 January 2014 by the
National Innovation Council (NInC)
and the Ministry of Micro, Small and
Medium Enterprises to combine
innovation and the dynamism of
enterprise to solve the problems of
citizens at the bottom of the economic
pyramid in India? India Inclusive
Innovation Fund IIIF (The fund,
launched by Sam Pitroda, head of the
NInC, is an autonomous Rs. 500-crore
fund, with the Union Government
contributing 20%. The balance will
come from public sector banks,
financial
institutions,
insurance
companies,
multilateral/bilateral
development agencies, Indian & global
corporates)
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10) Who
took
over
as
Asian
Development Banks new Country
Director for India on 3 February 2014?
Teresa Kho (She was heading the
Bangladesh Resident Mission of ADB
and replaced Hun Kim, who is now
Deputy Director General of ADBs
South Asia Department in Manila)
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1) Union
Finance
Minister
P.
Chidambaram presented the Vote-onAccount on 17 February 2014, which
would take care of union expenses
until the governments term ends in
May 2014. What the expected fiscal
deficit was for 2013-14, as announced
in this vote-on-account? 4.6% of
GDP (The fiscal deficit, which is the
gap
between
expenditure
and
revenue, was 4.9% of GDP in the
previous financial year. Earlier fiscal
deficit was expected to be around
4.8%. As per current indications, the
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1) The
Cabinet
Committee
on
Economic Affairs (CCEA) during
February 2014 gave its approval for
foreign equity participation up to 74%
of the paid-up capital of which private
bank based in Kerala? Federal
Bank(The
74%
foreign
equity
permission comes with sub-limit of
49% for FIIs and 24% for NRIs)
2) State-run United Bank of India
(UBI), which is going through serious
financial mess on account of huge
increase in non-performing assets
(NPAs), is expected to be provided
with how much additional funds by the
union govt. to meet its capital
requirements? Rs. 1,000 crore (The
bank will issue perpetual noncumulative preference shares to the
govt. to over the crisis created by its
ballooning NPAs. UBIs CMD Archana
Bhargava had quit the post last week
citing health problems. The bank had
been earlier stopped from issuing any
loans above Rs. 10 crore by the RBI)
3) Indias first all-women bank
Bharatiya Mahila Bank (BMB) during
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1) Which
round
of
Inflation
Expectations Survey was launched by
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2) Which
infrastructure
finance
company during March 2014 received
RBI approval to set up a minimum of
9,000 white label ATMs (WLAs) in the
next three years in rural India? SREI
Infrastructure
Finance
Ltd (The
company received a certificate of
authorisation from the RBI to set up,
own and operate a payment system
for WLAs effective 25 March 2014.
Through
these
WLAs,
the
infrastructure financial institution will
be able to take financial products and
services of the sponsor bank to the
doorstep of the rural population)
3) What is the name of the prepaid/remittance provider associated
with the m-Pesa platform, which during
March 2014 started a pan-India interbank money transfer service by joining
hands with the Immediate Payment
Service (IMPS) of the National
Payments
Corporation
of
India
(NPCI)?
Mobile
Commerce
Solutions Ltd (MCSL) With this tieup, an MCSL (m-Pesa) user can send
money to customers of any IMPSenabled bank using NPCIs remittance
platform. The National Payments
Corporation of India (NPCI) is the
umbrella organisation of all retail
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sector-wise
disclosure
of
their
advances from 2014-15 onwards with
a view to encourage them to actively
manage
exposure
to
various
segments. This direction was based
on
which
committees
recommendation on this subject? Dr.
Nachiket
Mor
Committee (The
Committee
on
Comprehensive
Financial
Services
for
Small
Businesses
and
Low
Income
Households under chairmanship of Dr.
Nachiket Mor had recommended that
banks
actively
manage
their
exposures to various sectors, including
priority sectors)
3) Indias capital market regulator
Securities and Exchange Board of
India (SEBI) on 19 June 2014
announced a slew of reforms that
included a proposal to hike public
holding
in
all
public
sector
undertakings (PSUs), new norms for
research analysts and ESOPs given
by listed firms. What is the minimum
public shareholding for PSUs as fixed
by the SEBI? 25% or Rs. 400 crore
whichever is lower(Currently, PSUs
have to maintain 10% of minimum
public shareholding, while private
companies are required to maintain
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against 8.64% last month while nonfood article index was up at 1.5%)
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