UNEDITED GENERAL AWARENESS PART 2
(51) Which are the Greece's creditor institutions ?Three.IMFECB
= European Central BankEuropean CommissionThey are called the
Troika
(52) Atal Pension Yojanais for all bank account holders aged
between 18 and 40 years.Pension can be availed from the age of 60
years On the death of the pensioner , life partner will get. After
the death of the life partner , nominee will get.
(54) The Vatican signed a treaty with whom this month ?The state
of Palestine.Why the Church signed a treaty ?To improve relations
between Israel and the Palestinians.The accord is a result of 15
years of negotiations .But Israel is irked by Vatican's recognition
of Palestine.[6/27, 9:54 AM] Kalyanram1 Sir Bank Coaching: (55)
What is OFS ?Offer For Sale.What's the latest SEBI directive on OFS
?Companies should disclose their OFS plans two banking days in
advance . This SEBI directive may help the Governments
disinvestment programme.Earlier the advance notice period was two
trading days . Now it's two banking days.[6/27, 10:17 AM]
Kalyanram1 Sir Bank Coaching: (56) How many IIM s are there in our
country ?13[29/06 09:07][email protected]: (60) Germany plans
to close all its nuclear plants by which year ?2022[29/06
10:05][email protected]: (61) Greece is in news everyday.Who is
the PM of Greece ?Alexis TsiprasWho is the Finance minister of
Greece ?Yanis Varoufakis.[29/06 10:09][email protected]: (62)
What is the share of PSU banks in the total lending of all banks
for the quarter ended March 31, 2015 ?79 %(Private banks 21 %
)[29/06 10:25][email protected]: (63) Which stock exchange
index hit an all time high in June 2015 , crossing the previous all
time high it recorded 15 years back ?NASDAQ 100[29/06
10:26][email protected]: (64) Did NASDAQ index also created all
time high ?(65) What are DOW and NASDAQ ? What is NIKKEI ?[29/06
19:15][email protected]: (66) Who is the European Commission
Chief ?Jean-Claude Juncker[29/06 19:25][email protected]: (67)
Maggie noodles were withdrawn by which company ?Nestl.Who withdrew
Knorr instant noodles ?Hindustan Lever.Which company withdrew it's
instant noodles brand ' Top Ramen' from the Indian market ?Indo
NissinFSSAI has told that these noodles have lead beyond
permissible levels along with which taste enhancer ?Monosodium
Glutamate (MSG)[29/06 19:35][email protected]: (68) 196
countries will meet in which city in December 2015 , to sign a new
climate change agreement?Le Bourget , Paris , FranceNegotiations in
2009 are known as ?Copenhagen negotiations.[29/06
19:40][email protected]: (69) Which country has decided to pare
its $ 900 billion sovereign fund's exposure to coal , terming the
investments a " Climate risk and a future economic risk "
?Norway.[29/06 19:40][email protected]: (70 ) In 2014 , the
world added a record --GW of renewable energy capacity ( 37 % wind
, 33 % solar)128 GW .India added ......?[29/06
19:43][email protected]: (71) In AIIB, China holds what
percentage stake ?30.34 %India will have the second largest share
in the bank.Authorised capital stock of the bank = US $ 100
billion.( China will have 26.06 % voting rights in the bank )[29/06
20:09][email protected]: (72) FIFA has decided to hold 2022
football world cup in which country ?Qatar.What is FIFA ?[30/06
09:39][email protected]: (73) What was the currency of Greece ,
before Greece adopted Euro ?Drachma.[30/06
09:40][email protected]: (74) Troika means what ?[30/06
09:41][email protected]: (75) What happened to the bailout
money given to Greece by Troika ?Most of that money was used to pay
off the international lenders .[30/06 10:09][email protected]:
(76) What was the total bailout money received by Greece , in the
two bailout packages since 2010 ?US $ 268 billion.[30/06
10:11][email protected]: (77) PM Tsipras won the January
elections in Greece . He belongs to which party ?Left-wing
Syriza.[30/06 10:12][email protected]: (78) Now ( June last
week) , Greece banks have been closed for a week. What is the
maximum withdrawal allowed ?60 Euro[30/06
10:35][email protected]: (79) Which country is the largest
shareholder in AIIB ?China ( 30.34 %)Second largest shareholder
?India ( 8.52 %)[30/06 10:36][email protected]: (80) Who is the
Finance minister of China?Lou Jiwei[30/06
10:47][email protected]: (81) What is Competition Commission of
India?What is it's main objective?[30/06
17:21][email protected]: (82) Which among M1, M 2 , M3 ,
securities and call money ,is the most liquid money ?M1[30/06
17:21][email protected]: (83) What is M1 , M 2 , M3 ?[30/06
17:22][email protected]: (84) What is Capital Market ?Capital
Market consists of ?[30/06 17:24][email protected]: (85) What
are Commercial Paper and Certificates Of Deposit ? Who can issue
them ?[30/06 17:26][email protected]: (86) Section 80 E of the
Income tax act provides for ....education loan...What is that ?(
This Qn has come in SBI Clerical 23 Aug 2014)[30/06
17:32][email protected]: (87) Maximum time frame for collection
of cheques drawn on state capitals is7 days.Other major cities 10
daysOther locations 14 days( This Qn has come in SBI Clerical 23
Aug 2014 )[30/06 17:39][email protected]: (88)If there is any
delay in collection beyond this period , customer is entitled to
receive compensation at the rate specified in ----of the concerned
bank ?Cheque Collection Policy ( CCP)[30/06
17:40][email protected]: (89) What is BSBDA ?What kinds of
services are available free in BSBDA ?[30/06
19:25][email protected]: (90) Which is the first G7 nation to
join AIIB ?United Kingdom[30/06 19:25][email protected]: (91)
Which Asian country , opted out of AIIB membership ?Japan[30/06
19:28][email protected]: (92) What is CNN ?Cable News
Network.It's a English news Channel. America.CNN and which Indian
media firm are going to part ways in January 2016 , at the end of
their ten years branch licensing agreement for CNN in india ?TV 18
broadcast Limited.[30/06 19:34][email protected]: (93) What is
MSP ?Minimum Support Price.What does that mean ?MSP is for how many
commodities ?Who recommends MSP ?CACP. Commission for Agricultural
Costs and Prices.[30/06 19:36][email protected]: (94) We import
20 % of our pulses requirement.Reason : Low MSP and poor yield has
made pulses an unattractive crop for farmers.[02/07
18:56][email protected]: Purchasing Managers Index slips to
51.3, indicating a weakening in the economic recoveryManufacturing
activity in the country slowed marginally due to subdued growth in
new orders, with the Purchasing Managers Index (PMI) falling to
51.3 in June from 52.6 in May, says a survey.The survey by Markit,
now known as Nikkei India Manufacturing PMI and earlier known as
HSBC India Manufacturing PMI, is based on responses of purchasing
executives in over 300 industrial companies.[02/07
19:00][email protected]: (95) What is PMI ?Purchasing Managers
Index .Who compiles it ?HSBC was compiling it in India. Now , it is
compiled by Markit.Who is Markit ?How it is now known as ?Nikkei
India Manufacturing PMI.It is based on responses of purchasing
executives in how many industrial companies?Over 300What do the
readings indicate ?A reading of 50 or above indicates expansion.
Below 50 means contraction.[04/07 07:22][email protected]: (96)
AIIB has how many members ?57.Any European country is a member of
AIIB ?Yes. Great Britain, Germany and France.[04/07
07:22][email protected]: (97) What is Chinas new Silk Road
Project ?[04/07 07:24][email protected]: (98) What is China's
One Belt , One Road Project ?[04/07 07:26][email protected]:
(99) AIIB transactions would be denominated in which currency ?US
Dollars.[04/07 10:02][email protected]: (100 ) What is the
expansion for MUDRA Bank ?...What is the objective ?It will meet
the funding requirements of 5.77 crore MSMEs engaged in
manufacturing, trading and services.What is the Seed capital of
Mudra Bank ?Rs 250 crores.The bank plans to finance MSMEs to the
tune of Rs 20,000 crores through banks by March end.Who is the CEO
of Mudra Bank ?Jiji Mammeen.Is it an NBFC ?Yes.Where is the head
office of the Bank ?...[06/07 09:07][email protected]: (101)
Branch-less on line banks such as First-e, Smile exist in the
world.Which is the first bank without any physical branch and
focused on a mobile app , to get a license , according to Bank of
England ?Atom Bank. ( It's a online only bank . No website also. It
will operate only through a mobile app)[06/07
18:37][email protected]: (102 ) What is SECC ?Socio Economic
Caste Census.What's the news about SECC ?Released for the first
time in 80 years.SECC will be the basis of various targets of Govt
programmes.[06/07 18:47][email protected]: (103) Which country
has suspended IPOs yesterday ( July 5 , 2015 ) ?China.Why ?This may
prevent money from going to IPOs. That money might come to stock
market where shares are traded ( Stock markets in China are
crashing, largest three week drop since 1992)[06/07
18:51][email protected]: (104) What are IPOs ?Initial Public
Offerings.What does that mean ?If a company wants to raise money
from the public by giving shares to the public , it has to come out
with an IPO.If a company comes to the public for second time ,
third time etc , it's known asFPO = Follow on Public Offer.Should
the company get SEBI's approval before coming out with IPO , FPO
etc ?Yes.SEBI = Securities and Exchange Board of India.SEBI is the
regulator for capital markets in India.[06/07
19:03][email protected]: (105) What is Eurozone ?It refers to
the countries which have adopted Euro as their common
currency.Which country is the latest entrant to Eurozone
?Lithuania.It joined on 01 January 2015.How many countries are now
members of Euro zone ?19.Lithuania was part of Soviet Union.The
currency of Lithuania was ?Lita.[06/07 19:05][email protected]:
(106) Which is the only EU country with a target date to start
using the Euro ?Romania. 2019.[06/07 19:08][email protected]:
(107) Which are the established EU members who have opted out of
using the Euro ?Denmark and the U.K.[06/07
19:12][email protected]: (108) Which are the newer EUmembers
who have also not adopted Euro as their common currency ?Bulgaria,
Croatia, Czech Republic, Hungary and Poland.[06/07
19:51][email protected]: (109) Which is India's biggest airline
?Indigo.Who is the owner of Indigo ?InterGlobe Aviation Ltd.Why it
is in news ?It plans to raise around Rs 2,500 crore in IPO.[07/07
09:59][email protected]: (110) Who has been named as AIIB Chief
by China ?Jin Liqun ,a former finance minister and currently, the
secretary general of the interim multilateral secretariat for
establishing AIIB.[08/07 10:16][email protected]: (111) What is
CCEA ?Cabinet Committee on Economic Affairs.CCEA has announced
plans for a " National Agricultural Market". What is that
?Integration of 585 major regulated mandis through electronic
platform , in three years.[08/07 10:18][email protected]: (112)
What is SFAC ?Small Farmers Agribusiness Consortium.What is APMC
?Agricultural Produce Marketing Committee.[08/07
10:21][email protected]: (113)Recently, Supreme Court has ruled
that SEBI has powers to regulate what ?GDRs. Global Depository
Receipts.[08/07 10:22][email protected]: (114)What are GDRs,
ADRs and IDRs ?Which Indian company was the first to come out with
GDR ? ADR ? IDR ?[09/07 10:20][email protected]: (115)What is
ULIP ?Unit Linked Insurance PlanWhat is that ?[09/07
10:28][email protected]: (116)Who is the first among the
private sector to head a public sector financial institution
?Sriram Kalyanaraman.He is going to be MD & CEO of National
Housing Bank.[09/07 10:33][email protected]: (117 )We read in
newspapers everyday about changes in Labour Laws . Who is the Union
Minister of State for Labour ?Bandaru Dattatreya.Why labour laws
are being changed ?[09/07 10:36][email protected]: (118)PM Modi
is now in Kazakhstan. Who is the president of Kazakhstan?Nursultan
Nazarbayev.[09/07 10:37][email protected]: (119)Kazakhstan has
world's second largest reserves of ?[09/07
10:38][email protected]: (120)What is TAPI
pipeline?Turkmenistan Afghanistan Pakistan India[10/07
09:08][email protected]: (121)BRICS Summit was recently held in
?Ufa , Russia.July 2015.A joint statement at the end of the summit
welcomed the establishment of CRA. What is CRA ?Contingent Reserve
Agreement.What is that ?Allowing BRICS members to provide mutual
financial support . This is a valuable contribution to the global
financial safety net.Who hosted the summit ?Russian President
Vladimir Putin.Who attended the summit ?Our PM.Brazil's Dilma
Rouseff.Chinas Xi JinpingSouth Africa's Jacob Zuma.BRICS nations
form what % of the world's population?44 %BRICS nations contribute
40 % to the global GDP and 18 % to the world trade.[10/07
10:07][email protected]: (122) Who releases World Economic
Outlook report ?IMF.The latest report was released in ?July 2015.As
per the latest report , global growth will be ?3.3 % this year.(IMF
predicted 3.5 % in April. It has now lowered its forecast) .And 3.8
% next year.What reason IMF gives for lowering the growth forecast
?IMF says that US economy is the main reason.The US economy
contracted in the first quarter , hurt by unusually heavy
snowfalls, a resurgent dollar and disruptions at West coast
ports.Has IMF changed the growth forecast for India ?No. It has
kept India's economic growth forecast unchanged at 7.5 % for
2015-16.( Our Government's expectation is 8 % growth).[11/07
07:07][email protected]: (123)What is IKEA ?Swedish Furnishing
Company.What is the expansion for IKEA ?Where is IKEA going to set
up its first store in India ?Hyderabad.Though IKEA has 361 stores
globally , in almost every country , why IKEA did not open any
store in India ?For IKEA to open a store in India, 100 % FDI in
single brand retail must be allowed. India allowed that only some
time back .What is the difference between Single brand retail and
multi brand retail ?Do we allow 100 % FDI in multi brand retail
?What are the benefits of allowing FDI in retail ?[11/07
07:52][email protected]: (124)UHNW = Ultra High Net Worth
Individuals.Who are they ?Those with a net worth of more than $ 30
million.India is ranked sixth as far as UHNW is concerned.India has
the 14 th largest millionaire population in the world.The U.S.,
Japan , China and the U.K. are leading the pack.---Stark
inequality----Number of billionaires in India is not commensurate
with its relatively smaller GDP.This implies stark inequality in
India[11/07 07:57][email protected]: (125)As per World Bank's
latest data , what was India's gross national income per person ?$
1610 (around Rs 1 lakh)a year , during 2014.($ 1560 in 2013)(As per
SECC , most of rural India is still languishing in poverty )[11/07
08:05][email protected]: (126)What is SCO ?Shanghai Cooperation
Organisation.It is based in ?Beijing.Who are the members ?China ,
Russia , Kazakhstan, Kyrgyzstan, Uzbekistan and Tajikistan.What is
the latest news ?India has observer status in SCO. But India , has
now been accepted as a full member of SCO . India to become full
member by 2016.What is the benefit to India ?[11/07
08:58][email protected]: (127)What are ETFs ?Exchange Traded
Funds.ETFs are passive funds which track the performance of an
index on a real-time basis. They can be bought and sold on a stock
exchange, like shares. They enjoy higher liquidity. They charge
lower management fees .[11/07 10:03][email protected]: (128)
What is the new name for the BRICS bank ?New Development Bank.What
is the initial paid up capital ?$ 50 billion.The combined GDP of
the BRICS countries was half of the GDP of the US in 2007But ,
their combined GDP equals that of US.( to be edited)[11/07
19:40][email protected]: (128) What is the new name for the
BRICS bank ?New Development Bank.What is the initial paid up
capital ?$ 50 billion.Contingency Reserve Fund =$ 100 billionThis
is for what ?To meet currency crises ( note the spelling ) and
balance of payment contingencies. .)----The most significant
feature of NDB is its intent to promote trade between member
countries in their respective currencies rather than in dollar
.This could insulate about 15 % of world trade from the
dollar.----The combined GDP of the BRICS countries was half of the
GDP of the US in 2007But , their combined GDP now , equals that of
US.[13/07 10:11][email protected]: (129) Which Indian tennis
player became the first from India to win a women's doubles Grand
Slam trophy ?Sania Mirza.Who was her partner ?Swiss partner Martina
Hingis.Where ?In Wimbledon, London.[13/07
10:39][email protected]: (130)What is RCEP ?Regional
Comprehensive Economic Partnership.RCEP was launched in 2012.It
comprises 10 economies of the ASEAN and 6 of its free trade
partners ( Australia, China, India , Japan , New Zealand and South
Korea)
RCEP is going to be held in which place in August 2015
?Myanmar's capital Nay Pyi Taw.Before this meeting , trade
ministers from all member countries will meet in Malaysia.Any
positive outcomes of the meetings held so far ?Nothing .[13/07
10:42][email protected]: (131) What is ASEAN ?Association of
South East Asian Nations.Is India, part of ASEAN ?No.[13/07
10:46][email protected]: (132) What is TPP ?Trans-Pacific
Partnership.TPP is led by US.India is not part of TPP.RCEP will
come as a reply to TPP.[13/07 11:05][email protected]:
(133)This month ( July 2015 ) , the cabinet cleared a proposal to
set up National Common Electronic Market , with an initial
allocation of how many crores to be spent over 5 years starting
from 2015-16 ?Rs 200 crore.This proposed National Agriculture
Market (NAM) will help whom ? How will it function ?Farmers and
buyers will sell and purchase their products through an electronic
platform.What is the objective ?To bring down food prices by
ironing out price differentials that exist across the country by
curbing the tendency to hoard etc. ..[13/07
16:39][email protected]: (134 )Socio-Economic and Caste Census
points to an illiteracy level of 36 per cent in rural India. A per
capita monthly income of 7,400, with only 8 per cent of the rural
population earning more than 10,000, underscores the serious
rural-urban disparity,[13/07 16:40][email protected]:
(135)Female literacy is total in China and Sri Lanka as against
less than 75 per cent in India.[13/07 18:59][email protected]:
(136)SEBI has raised the minimum contract size for equity
derivatives to Rs 5 lacs from Rs 2 lacs earlier.What is the reason
?[13/07 19:03][email protected]: (137)Greece has received two
previous bailouts, totaling 240 billion euros ($268 billion),[13/07
19:04][email protected]: (138 )Greek debt stands at around 320
billion euros ($357 billion) a staggering 180 per cent or so of the
countrys annual gross domestic product[13/07
19:41][email protected]: (139)What is Vyapam ?Madhya Pradesh
Vyavasayik Pareeksha Mandal[14/07 10:16][email protected]:
(140)Who is the new finance minister of Greece ?Euclid
Tsakalotos.[14/07 10:50][email protected]: (141)Which has
become the first European Union state to be fined for misreporting
budget data ?Spain.European council has given this
information.Recommended by European Commission.[14/07
19:08][email protected]: (142)In which financial year did our
country achieve double digit growth since independence ?1988-8910.2
%[14/07 19:10][email protected]: (143)Who is the National
Statistical Commission ( NSC) Chairman ?Pronab Sen.[14/07
19:19][email protected]: (144)In April 2015 , RBI slapped a
penalty of Rs 1.5 crore each on 3 PSU banks - BOM , Dena bank and
OBC , for what ?For violating KYC AML rules.[14/07
19:37][email protected]: (145)Which agency has been tasked with
the responsibility of being the lead promoter of NAM ?( NAM =
National Agricultural Market )SFAC = Small Farmers' Agribusiness
Consortium.[14/07 19:48][email protected]: (146)In the third
bailout package for Greece, how much Greece assets will be handed
over to a special fund that will be dedicated solely to pay off
debt ?50 billion Euro of Greece assets.In return , how much bailout
funds will Greece get ?82-86 billion Euro[14/07
19:54][email protected]: (147)As per SEBI rules , what is the
maximum time allowed from the closing date of an IPO to the listing
date ?13 days ( 13 days OR 13 working days ? )SEBI has now decided
to reduce this time to how many days from 2016 ?7 days.[14/07
19:59][email protected]: (148)ASBA is now compulsory for whom
?For all investors except retail ( those investing less than Rs 2
lakh)What's the change now ?From January 2016 ,ASBA is compulsory
for everyone[14/07 20:19][email protected]: (149)In markets
such as the US , "when-issued" option is there , where investors
can start trading in shares immediately.[14/07
20:22][email protected]: (150)Banking and Financial
Institutions stocks contribute how much to Nifty index ?Around 31
%[15/07 12:38][email protected]: (151)In 2011 ,Bombay Stock
Exchange , officially changed its name toBSE Limited.[15/07
12:40][email protected]: (152)GIFT has appointed whom as it's
new MD and group CEO , w.e.f. August 1 ?Ajit Kumar Pandey.What is
GIFT ?[15/07 19:09][email protected]: (153)Iran reached a
nuclear deal on 14 July 2015 with whom ?Six major world powers.What
is the deal about ?Iran has agreed to long term curbs on its
nuclear programme. Sanctions imposed on Iran will be lifted .Who
imposed the sanctions on Iran ?The US , the European Union and the
United Nations.Who is the president of Iran ?Hassan Rouhani.Israeli
PM has criticised the deal . Who is the PM of Israel ?Benjamin
Netanyahu.What are the benefits to India ?(A) Oil prices may come
down further helping the Govt cut subsidy. ( I expect the opposite
to happen)(B) India will gain from easier access to Iranian crude
oil[15/07 19:19][email protected]: (154) What is
Securitisation?Indian Securitisation market which was as high as Rs
63000 crores in March 2008 has dwindled to Rs 28000 crores in March
2014 ( as per RBI Dy Governor Mr. Gandhi ...business standard
epaper page 6...15 July 2015)[15/07 19:46][email protected]:
(155) What is BCSBI ?Banking Code and Standards Board of India.What
do they do ?[15/07 19:46][email protected]: (156)Who is
chairing the External Advisory Committee ( EAC) to evaluate
applications for Small Finance Banks ?Usha Thorat.[15/07
19:46][email protected]: (157)Who is chairing the EAC for
payment banks ?Nachiket Mor.He is a director , Central Board , RBI
.[15/07 19:46][email protected]: (158)What has RBI done ,
recently , to improve customer service ?RBI has released a Charter
of Customer Rights for banks to adopt.RBI has also asked banks to
appoint Chief Customer Relations Officer ( Banking Ombudsman
)[15/07 19:46][email protected]: (159)When is the next monetary
policy announcement of RBI ?August 4.[15/07
19:46][email protected]: (160)How much percentage of Indian
households live in rural areas as per SECC 2011 ?73.5 %(47 % ~
China)[15/07 19:46][email protected]: (162)What is the key
source of rural livelihood ?Manual casual labour.[15/07
19:46][email protected]: (161)Of all rural households, only 30
% are engaged in cultivation.[15/07 19:47][email protected]:
(163)What percentage of rural Indians earn less than Rs 5000 per
month ?74.5 %[15/07 19:58][email protected]: (164)What are
INDCs ?Intended Nationally Determined Contributions.What is that ?(
It is in connection with the Paris Climate agreement to be held
this year)[16/07 08:57][email protected]: (165)RBI , on July 15
, 2015 , formed a panel to work out a medium term plan for
financial inclusion. The panel will be chaired by whom ?Deepak
Mohanty.[16/07 08:57][email protected]: (166)What is CCIL
?Clearing Corporation of India.What do they do ?[16/07
09:09][email protected]: (167)What is our latest trade deficit
figures ?$ 10.8 billion in June 2015.Exports = $ 22 billionImports
= $ 33 billion[16/07 09:09][email protected]: (168) Our exports
are falling continuously. What are the reasons ?(A) Weak global
demand(B) sharp fall in petroleum product despatches(C) overvalued
rupee.[16/07 09:29][email protected]: (169)In Qn 153 , we saw
about the nuclear deal. Iran signed the deal with whom ?Five
permanent members of the UN security council and Germany. Totally
6.Why Germany ?Where was the deal signed ?Vienna.[16/07
19:06][email protected]: (170)How is the Land bill known as
?The Right to Fair Compensation and Transparency in Land
Acquisition, Rehabilitation and Resettlement Bill 2015[16/07
19:06][email protected]: (171)What % of India's population is
below 35 years age ?65 %[16/07 19:06][email protected]: (172)As
per our PM , if China is known as the World's manufacturing factory
, India can be the ....?World's human resource capital.[16/07
19:06][email protected]: (173)PM launched the National Skill
Development Mission to train how many Indians ? By which year ?400
million Indians by 2022[16/07 19:06][email protected]: (174)FTP
= Foreign Trade Policy.2015-2020Once in 5 years.The FTP 2015-2020
has set a target of achieving exports worth ? by which year ?$ 900
billion...2020[16/07 19:06][email protected]: (175)Exporters
are upset with the new FTP. Why ?The rate of rewards for
merchandise exports has been reduced 2 to 7 % TO 2 to 5 %[16/07
19:17][email protected]: (176) What is PMKVY ?Pradhan Mantri
Kaushal Vikas Yojana.To encourage skill development for the youth
by providing monetary rewards for successful completion of approved
training programs.Rs 8000 per candidate.This scheme is from which
ministry ?Ministry of Skill Development and Enterpreneurship (
MSDE)[16/07 19:17][email protected]: (177)What % of India's
population is below 25 years of age ?54 %[16/07
19:19][email protected]: (178)What is NSDC ?National Skill
Development Corporation India .Public Private Partnership.[16/07
19:59][email protected]: (179)Which country is the ASEAN chair
, this year ?Malaysia.[17/07 09:17][email protected]: (180)
Govt set up a panel to look into the levy of MAT on capital gains
made by FIIs in past years.Who is the head of the panel ?Justice A
P Shah[17/07 09:35][email protected]: (181)What are PE funds ,
VC funds and Vulture funds ?[17/07 11:14][email protected]:
(182)Who is going to head the panel on caste data ?Arvind
Panagariya.[17/07 11:26][email protected]: (183)Who has been
asked by Govt of India to renegotiate our countrys trade agreements
? ( because the Govt feels that India has given away too much in
these agreements , negotiated over the years )Arvind
Subramanian.Who is he ?Chief Economic Advisor.[17/07
11:45][email protected]: (184)What is the base year for the
Index of industrial production?2004-05[17/07
19:04][email protected]: (185)Which is the world's third
largest smartphone market ?India[17/07 19:46][email protected]:
(186)What is Competition Commission of India ?What is its objective
?Who is the chief ?[17/07 19:46][email protected]: (187)What is
Pradhan Mantri Suraksha Bima Yojana ?Accident Insurance worth Rs 2
lacs at Rs 12 per annum.For all bank account holders aged between
18 and 70 years[17/07 19:46][email protected]: (188)What is
Atal Pension Yojana?For all bank account holders aged between 18
and 40 years.Monthly pension from the age of 60 years based on the
contribution.[17/07 19:46][email protected]: (189)What is
Pradhan Mantri Jeeven Jyoti Bima Yojana ?Life Insurance worth Rs 2
lacs at Rs 330 per annum.For all bank account holders aged between
18 and 50 years[17/07 19:46][email protected]: (190)IPR =
Intellectual property rights.Annual report from the US Trade
Representative (USTR) on IPR released on April 30 , put India under
' priority watch list ' (PWL ) category[17/07
19:46][email protected]: (191)What percentage of the country's
population has bank account now ?Around 95 %[17/07
19:46][email protected]: (192)Our PM has said that the country
is run by small enterprises. Why did he say so ?55 million tiny
enterprises employ 140 million people.Big industries accounted for
the jobs of only a miniscule population[17/07
19:46][email protected]: (193)Mudra bank and tiny
enterprises.-----Our PM has said thatThe average credit need of a
tiny enterprise is Rs 17,000.No bank provides such small
loans.Mudra Bank has been created for this purpose .[17/07
19:46][email protected]: (194)Which country successfully test
fired a ballistic missile from a submarine ( in May 2015 ) ?North
Korea.( This has created tensions)Who is the North Korean Leader
?Kim Jong-un.[18/07 05:48][email protected]: (195)As per the
2011 census , what was the infant mortality rare in India ?42 ( per
1000 live births )[18/07 05:48][email protected]: (196)As per
the 2011 census ,What was the maternal mortality rate ?178 ( during
2010-12Maternal mortality ratio is the proportion of maternal
deaths per 100,000 live births.[18/07 05:48][email protected]:
(197)What are Basel norms ?[18/07 05:48][email protected]:
(198) BASEL norms are based on 3 pillars. What are they ?[18/07
05:48][email protected]: (199)Under BASEL II , BASEL norms
stipulated 8 % CAR ( Capital Adequacy Ratio).RBI stipulated ?9
%[18/07 05:48][email protected]: (200)Under Basel III ,
leverage ratio stipulated is 3 %But , RBI has stipulated ?4.5 %(
RBI is cautious ).[18/07 05:48][email protected]: (201)Indian
companies raised more foreign capital in the past financial year
than in any year since 1992-93.What was the amount raised in
2014-15 ?Rs 84,000 crores.What is the risk in this ?Currency risk
is there. And Indian companies don't hedge their currency
risk.[18/07 05:48][email protected]: (202)What is hedging
?[18/07 05:48][email protected]: (203)What is a hedge fund
?What is a mutual fund ?[18/07 11:40][email protected]:
(204)What is short selling ?Can a mutual fund do short selling
?[18/07 11:40][email protected]: (205)Which is the only Indian
Company among the world's 10 biggest consumer financial services
firms ?HDFC = Housing Development Finance Corporation.( be
careful.....not HDFC Bank ) . ( HDFC Bank is different from HDFC
)HDFC is ranked seventh.American Express is number one.[18/07
11:40][email protected]: (206)In the list of biggest major
banks compiled by Forbes magazine , which is number one bank in the
world ?China's ICBC .ICBC = Industrial and Commercial Bank of
China.---China has 12 banks in the top 50 (in terms of total assets
) India - zero.----In the top 100 , China has 13 banks.The second
largest bank in the world is China Construction Bank , China.State
Bank of India ranks 75 in terms of assets . 298 in terms of profit.
152 in terms of mcap.[18/07 11:40][email protected]: (207)In
May 2015 , the black money bill was passed by the parliament. What
is the full name of the bill ?The Undisclosed Foreign Income and
Assets (Imposition of Tax) Bill, 2015.[18/07
11:40][email protected]: (208) What are the salient features of
the black money bill ?
Persons having undisclosed income abroad can come clean by
paying 30 % tax and 30 % penalty.Those involved in terrorism and
money laundering would not be allowed to make use of the compliance
window.Once the compliance window closes , 30 % tax , 90 % penalty
and criminal prosecution.Two month window to declare overseas
assets and within 6 months , tax and penalty has to be paid.[18/07
11:40][email protected]: (209)Recently , GIC Sovereign Fund of
Singapore invested in the equity of ?Bandhan financial services ,
an MFI , which is to become a universal bank.[18/07
11:40][email protected]: (210)What is Universal Bank ?[18/07
11:40][email protected]: (211)In May 2015 , RBI had asked all
public sector banks, large private and foreign banks to appoint an
internal ombudsman for resolution of complaints.The internal
ombudsman would be designated as ?Chief Customer Service Officer (
CCSO)[18/07 11:40][email protected]: (212)The CCSO should not
have earlier worked in the bank in which he/she is appointed.[18/07
11:40][email protected]: (213)A sub-panel of the empowered
committee of state finance ministers (EC) had recommendeda
revenue-neutral rate at 12.77 per cent for the central GST and13.91
per cent for state GST,nearly 27 per cent combined.[18/07
11:40][email protected]: (214)What is RNR ?Revenue-neutral rate
(RNR) is the rate that allows Centre and states to sustain current
revenues from tax collections.[18/07 11:40][email protected]:
(215)Currently, the Union excise duty rate is 12 per cent on most
goods. Value-added tax (VAT) is 12.5 per cent in most states. This
combines to 24.5 per cent. Then, there are purchase taxes in some
states and a central sales tax of two per cent on inter-state
movement of goods[18/07 11:40][email protected]: (217)What is a
balanced fund ?Those funds which invest 65 % in equities and 35 %
in debt. SEBI is insisting on a 50 -50 mix.(A balanced fund should
invest in both equity and in debt)[18/07
11:40][email protected]: (216)The highest GST rate is 27 per
cent in Hungary and the lowest is 1.5 per cent in Aruba[18/07
11:40][email protected]: (218)What is Insider trading ?[18/07
11:40][email protected]: (219)What is mis-selling ?[18/07
11:40][email protected]: (220)What are derivatives ?Why are
they called so ?[18/07 11:40][email protected]: (221)Who is a
Whistleblower ?What is Whistleblowers Protection Act , 2011 ?[18/07
11:40][email protected]: (222)Indirect tax collections are up
by more than 30 % this year compared to last year.Led by Excise
duty.Customs duty and service tax collections have also gone
up.[18/07 11:40][email protected]: (223)Indirect tax
collections are linked to industrial output which is measured by
the Index of Industrial Production ( IIP)[18/07
11:40][email protected]: (224)What is the 5/25 scheme ?[18/07
14:02][email protected]: (225)What is RoA ?Return on Assets
.What is RoA of the banking sector ?0.8 %----Private sector banks
1.6 %Public Sector Banks 0.5 %[18/07 14:02][email protected]:
(226)In 2014 -15 , FDI increased by what % compared to the previous
financial year ?Which sector attracted the maximum FDI ?[18/07
14:02][email protected]: (227)What is nomination facility in
banks ?Who is a nominee ?[18/07 14:02][email protected]:
(229)Before coming out with an IPO , a prospectus should be filed
with SEBI and ?What is a prospectus ?[18/07
14:02][email protected]: (228 )IPO = Initial Public Offer.FPO =
Follow on Public Offer.What is the difference between the two
?[18/07 14:02][email protected]: (230)Who is an underwriter
?What is underwriting ?[18/07 14:02][email protected]: (232)As
per 2011 census , Indias population below the age of 35 years is
?[18/07 14:02][email protected]: (231)What is Merchant Banking
?[18/07 14:02][email protected]: (233)What is a Standard asset
?What is a sub-standard asset ?What is a doubtful asset ?[18/07
14:02][email protected]: (234)CP = Commercial Paper.CD =
Certificates of Deposit.What is the difference between the two
?[18/07 14:02][email protected]: (235)CVV is an anti-fraud
security feature that helps ............???CVV = ?[18/07
14:02][email protected]: (236)Which are the Credit Information
Companies in India ?[18/07 14:02][email protected]: (237)Which
are the Credit Rating Agencies in India ?[18/07
14:02][email protected]: (238)Which are the International
Credit Rating Agencies ?[18/07 14:02][email protected]:
(240)What is junk rating ?Which are the countries that have junk
rating ?[18/07 14:02][email protected]: (239)What credit rating
is assigned to India ?to Greece ?[18/07
14:02][email protected]: (241)Which are the countries that have
the best possible rating ? What is that rating ? AAA + ???[18/07
14:02][email protected]: (243)BIS = The Bank for International
Settlements.Where it is located ?What is the role of BIS ?[18/07
14:02][email protected]: (242)What is bouncing of cheque means
?[18/07 14:05][email protected]: (244)TFA = Trade Facilitation
Agreement.What is that ?[19/07 05:08][email protected]:
(245)Kudankulam power plant in tamilnadu is a joint project between
India and ?Russia .Russian nuclear power corporation ---is expected
to build 12 atomic power units in India .Rosatom.At present,
Kudankulam generates 1000 MW power.[19/07
05:08][email protected]: (246)$ 12 billion POSCO plant in
Odisha is always in news .POSCO was formerly known as Pohang Iron
and Steel Company.It's a Korean steel company.The project has now
been shelved.[19/07 06:49][email protected]: (247)Who are Angel
Investors ?A group of affluent entrepreneurs who are among the
first to invest in a startup company and get ownership equity or
convertible debt.[20/07 19:23][email protected]: (248)When is
the third bi-monthly monetary policy review for 2015-16 of RBI
?August 4.When was the last review held ?[20/07
20:37][email protected]: (249)If an individual has undisclosed
assets abroad , by what date should it be declared ?30 September
2015.Under which act ?Black Money ( Undisclosed Foreign Income and
Assets) and Imposition of Tax Act, 2015 .The act has come into
force w.e.f . ?1 July 2015.[20/07 20:37][email protected]:
(250)G-secs meansGovernment Securities.What is that ?What are
Treasury bills ?(91 day , 182 day and 364 day T bills )[20/07
20:37][email protected]: (251)What is the meaning ofRBI
Governor is hawkish.RBI Governor is Dovish.[20/07
20:37][email protected]: (252)EXIM Bank = ?Export Import Bank
of India.What do they do ?Which EXIM bank has closed down ?The EXIM
Bank in the US.Why ?[20/07 20:37][email protected]: (253)Why
Child Labour Bill 1986 is in news now ?Govt is going to amend the
law to bring provisions in line with global standards.It proposes a
full ban on employment of children below 14 years of age across all
industries and processes.( The present law prohibits employment of
children below the age of 14 years in 18 occupations and 65
processes)[20/07 20:37][email protected]: (254)The Right of
Children to Free and Compulsory Education Act , 2009 :As per this
act , free and compulsory education should be provided to all
children in the age group of 6 to 14 years.[20/07
20:37][email protected]: (255)After Hyderabad, another nuclear
fuel complex is coming up in ?Kota , Rajasthan.[20/07
20:37][email protected]: (256)ISRO became the only space agency
to ?place a craft in orbit around Mars in its very first
attempt.[20/07 20:37][email protected]: (257)In July 2005 ,
ISRO operationalised GAGAN.What is GAGAN ?It's a Global Positioning
System ( GPS) aided geo-augmented navigation system.It will provide
air navigation services.GAGAN = GPS Aided Geo-Augmented Navigation
system.[20/07 20:37][email protected]: (258)MMDR =Mines and
Minerals (Development and Regulation ) Act[20/07
20:37][email protected]: (259)Listing of cooperatives is in
practice in the UK , US and Australia.But in India, listing of
cooperatives is not allowed.[21/07 09:12][email protected]:
(260)Which two countries restored ties after 54 years ?U.S. and
Cuba.What is the capital of Cuba ?Havana ?Who is the President of
Cuba ?Raul Castro.[21/07 09:14][email protected]: (261)Nuclear
deal reached between Iran andP5+1 groupendorsed by UN.[21/07
09:30][email protected]: (262)What is leverage ratio ?BASEL
Norms mandate a leverage ratio of ?RBI norms mandate ...?[21/07
17:13][email protected]: (1) What is ESCAP ?United Nations
Economic and Social Commission for Asia and the Pacific .(2) What
has ESCAP told recently about India's poverty reduction ?8 % GDP
growth in india from 2004 to 2011 has reduced poverty from 41.6 %
to 32.7 % , thereby achieving the first Millennium Development Goal
( MDG) set for 2015 of reducing poverty by half.(3) Over 270
million people in India in 2012 still remained trapped in extreme
poverty making the post-2015 goal of eliminating extreme poverty by
2030 challenging, but feasible.(4) What has ESCAP told about India
achieving other MDGs ?India has achieved(A) gender parity in
primary school enrolment,(B) maternal mortality reduction by
three-fourths,(C) control of spread of HIV/AIDS, malaria and
tuberculosis,(D) increased forest cover,(E) halved the proportion
of population without access to drinking water.(5) What are the
MDGs that India has not achieved ?(A) Universal primary school
enrolment and completion,universal youth literacy by 2015,(B)
empowering women through wage employment and political
participation,(C) reducing child and infant mortality and improving
access to adequate sanitation to open defecation[21/07
17:13][email protected]: TheMillennium Development Goals(MDGs)
are eightinternational developmentgoalsthat were established
following theMillennium Summitof theUnited Nationsin 2000,
following the adoption of theUnited Nations Millennium
Declaration.All 189United Nations member statesat the time (there
are 193 currently), and at least 23international organizations,
committed to help achieve the following Millennium Development
Goals by 2015:To eradicate extremepovertyandhungerTo
achieveuniversal primary educationTo promotegender equalityand
empower womenTo reducechild mortalityTo improvematernal healthTo
combatHIV/AIDS,malaria, and other diseasesTo ensure environmental
sustainabilityTo develop a global partnership for development[21/07
17:13][email protected]: (6) Who is the new president of Sri
Lanka ?Maithripala Sirisena.(7) Who is the PM of Sri Lanka
?Thecurrent Prime Ministerof Sri Lanka isRanil Wickremesinghe, he
was appointed by President Maithripala Sirisena on 9 January 2015.
This was the third time that Wickramasinghe was appointed Prime
Minister of Sri Lanka[21/07 17:13][email protected]: (8) A
newspaper news reads " BSE to shift 53 companies to restricted
trade segment; NSE to move 5"What is a restricted trade segment ?It
is also known as trade-for-trade segment.Under this segment , no
speculative trading is allowed and delivery of shares and payment
of consideration amount are mandatory.The decision is part of a
surveillance review to ensure market safety and safeguard the
interest of investors.[21/07 17:13][email protected]: (9)
Recently , RBI Governor spoke about increasing the annual
investment limit to claim a tax deduction under section 80C. Why
?The countrys savings rate has dipped sharply since 2008.Of
household savings, more money has been allocated to physical assets
such as gold and real estate, which are unproductive, than to
productive financial assets.Financial savings as a percentage of
GDP declined from 10.1 per cent in 2008-09 to 7.1 per cent in
2012-13.Savings in physical assets increased from 13.5 to 14.8 per
cent in this period.With inflation in double digits since 2009, the
real interest rates on financial assets have been negative over the
last five years. This is one of the main reasons households
preferred to invest their savings in inflation hedges such as
gold.Despite the hike in the limit to 1,50,000 last year, the real
tax benefit has fallen over time as the limit was 1,00,000 for a
long time.[21/07 17:13][email protected]: (10 ) Comments on the
latest GDP growth revision by CSO ?What marks out the present
revision is the move to abandon the factor cost approach for basic
prices. Absolute GDP at basic prices is higher than GDP calculated
on the basis of factor cost but lower than GDP at market prices;
the last decades data bears this out. However, this still does not
explain the increase in growth rates. The Centre should dispel the
air of mystery and put out a fresh GDP series so that comparisons
with earlier periods become easier.Indias economic statistics are
far from reliable. For instance, the factory index underestimates
output because it under-represents small enterprise. It requires
major revisions when data from the Annual Survey of Industries,
available once in two years, becomes available. Services output is
calculated from a data base drawn from a melange of surveys the
National Sample Surveys on employment and Enterprise Surveys
conducted every five years along with follow-up surveys during
intervening periods of uncertain quality. Both, the output per
worker and the number of workers, the latter drawn from NSSO
rounds, for a year are extrapolated from earlier surveys, a
euphemism for guesswork. Till our data bases acquire a measure of
precision, it is best not to take them literally. A multiple
indicators approach, along with a dose of commonsense, can serve us
just as well.[21/07 17:13][email protected]: (12) Which is the
country's largest mortgage lender ?HDFC.[21/07
17:13][email protected]: (11) Nasscom lowers 2015-16 export
growth forecast to ?12-14 %The growth forecast for 2014-15 is 13-15
%[21/07 17:13][email protected]: (14) Our foreign exchange
reserves have touched the highest ever level of ?US $ 330
billion.[21/07 17:13][email protected]: (13) What is the
deadline for our Govt's Digital India drive ?April 1[21/07
17:13][email protected]: (16) Which bank has launched an
e-wallet called 'Pockets' , which can do everything a payments bank
can do ?ICICI Bank[21/07 17:13][email protected]: (15 ) RBI has
recently asked banks to refer export default cases to whom
?Enforcement Directorate (ED).[21/07 17:13][email protected]:
(17) ICICI Bank calls that as the 'first digital mobile bank
'[21/07 17:13][email protected]: (18) Govt appointed a panel on
bankruptcy laws . Who is the head of the panel ?T K
Viswanathan[21/07 17:13][email protected]: (20) The largest
equity offering by an Indian bank and the fifth largest overall ,
is going to hit the markets. Which is that bank ?State Bank of
India ( SBI )Rs 12,500 crores.[21/07 17:13][email protected]:
(19) If an effective corporate insolvency regime is developed , how
will it benefit the country ?Our rank in Ease of Doing Business
Index will improve and that will result in more foreign investors
investing in india.[21/07 17:13][email protected]: (21) When is
the issue going to come ?Not yet decided.(22) How much will SBI get
from the Govt as part of the recapitalisation plan for PSBs ?Rs
2,500 crores[21/07 17:13][email protected]: (23) The government
has changed the base year for calculating consumer price inflation
to from 2010 to which year ?2012.Why ?to better gauge price
situation in the economy[21/07 17:13][email protected]: (24)
The CSO has been releasing inflation data based on the Consumer
Price Indices (CPI) for how many categories ?Three categories since
January 2012rural, urban and combined.[21/07
17:13][email protected]: (25) Over the past weekend, the Govt
announced to infuse Rs 6,990 crores in 9 efficient PSU banks. The
Govt used two criteria to decide these 9 banks. What are the two
criteria ?Return on Assets. RoAReturn on Equity. RoE[21/07
17:13][email protected]: (27 ) Who is the Chief Statistician,
Govt of India ?T C A Anant.[21/07 17:14][email protected]: (28)
What is ASI ?Annual Survey of Industries[21/07
17:14][email protected]: (26) What is TAPI ?Turkmenistan -
Afghanistan -Pakistan - India pipeline.It's a $ 10 billion pipeline
project.The project aims to transport 90 mscmd of gas over 30 years
from Turkmenistan to India via Afghanistan and Pakistan.[21/07
17:14][email protected]: (29) As per the latest PMJDY data ,
how many households in India have bank account ?All but 23,000
households.[21/07 17:14][email protected]: (30) When was PMJDY
launched ?August 28 , 2014[21/07 17:14][email protected]: (31)
How many bank accounts have been opened since the launch of the
scheme ?127 million new bank accounts have been opened.[21/07
17:14][email protected]: (32) With that , the total number of
households in the country with at least one individual bank account
is 210.5 million[21/07 17:14][email protected]: (34) What is
special about Feb 4 , 2015 ?500,000 new accounts were opened on
that date[21/07 17:14][email protected]: (33) As per Census
data , what % of Indian households had access to banking services
in 2001 and 2011 ?36 % in 2001.59 % in 2011.[21/07
17:14][email protected]: (35) Until January end , 67 % of the
new accounts opened had zero balance[21/07
17:14][email protected]: (36) What is the plan of the Govt ?To
link these bank accounts with Aadhaar cards and then direct cash
transfers to the bank accounts will be initiated.[21/07
17:14][email protected]: (37 )Number of accounts opened upto
Feb 5 , 2015 = 127.65 millionCombined balance in those accounts =
Rs 10,928 crores.[21/07 17:14][email protected]: (38 ) US
Treasury Secretary visits india. His name ?Jacob J Lew[21/07
17:14][email protected]: (39) Chinas debts ( governmental and
private ) total 282 % of GDP. USA --269 % AND Germany 258 % of
GDP.Almost half of Chinas debt relates to housing.A crash in real
estate prices could devastate the economy.[21/07
17:14][email protected]: (40) Who has agreed to provide massive
financial assistance to strife-torn Ukraine $19.5 billion in all to
bail it out of an economic crisis.IMF $ 17.5 billion.World Bank $ 2
billion.[21/07 17:14][email protected]: (41 ) DDT = Dividend
Distribution Tax.CBDT = Central Board of Direct Taxes.[21/07
17:14][email protected]: (42) Intellectual property: What is
India's rank ?Indias ranking has improved one notchfrom last to
second last in the international intellectual property (IP) index
.The annual IP index, which evaluates a total of 30 countries
according to their IP environment, had placed India at the bottom
of the pile in the first two years.The US has been placed at the
top of the index while Thailandholds the last position.The IP index
is released by the US Chamber of Commerce.The index is based on 30
measurable criteria including, patent, copyright and trademark
protections, enforcement, and engagement in international
treaties.[21/07 17:14][email protected]: (43) Ukraine
Cease-Fire Is Reached, Along With $40 Billion Aid DealUkrainian
crisis peace summit was held in Minsk, Belarus.After hours of
talks, Russia and Ukraine reached a deal for a cease-fire in
eastern Ukraine.Russia's President is Vladimir Putin .Ukraine's
President is Petro Poroshenko.The cease-fire, which would begin
after midnight Saturday night, does not resolve the status of a
transport hub called Debaltseve, which sits between two cities
controlled by the separatists.[21/07 17:14][email protected]:
(44) Which country's central bank has introduced negative interest
rates yesterday ?Sweden.What did the central bank do ?It cut its
key REPO rate to minus 0.1 % from zero.What is the name of Sweden's
Central Bank ?The Riksbank.[21/07 17:14][email protected]: (45)
CCCB = Counter-Cyclical Capital Buffer.Who introduced it last week
?RBI.What is CCCB ?CCCB norms are an additional layer of
loss-absorbing capital on top of banks' minimum capital
requirements under BASEL III.When will the norms be implemented
?Not now , says RBI. RBI says that the norms will be activated when
circumstances warrant.[21/07 17:14][email protected]: (46) What
is the measure of the competitiveness of a country's currency
relative to currencies of trading partners and adjusted to the
impact of inflation ?REER = Real Effective Exchange Rate.[21/07
17:14][email protected]: (47) What is interest subvention ?It's
like a subsidy. Banks will charge lesser interest to certain
category of borrowers (as directed by the Govt) and that interest
will be paid by Govt to the banks .Is there interest subvention
scheme to exporters ?It was there. It was 3 % . But it was
discontinued at the beginning of this financial year.What is the
latest news on exports ?Exports in Jan fell 11 %Imports also fell (
11 %).Trade deficit fell to $ 8.3 billion.[21/07
17:14][email protected]: (48) Arvind Kejriwal to take oath
today as the eighth Chief Minister of Delhi.Who is likely to be the
Deputy Chief Minister ?Manish Sisodia.[21/07
17:14][email protected]: (49) What is BTIA ?Broad-based Trade
and Investment AgreementWho are negotiating BTIA for the last 8
years ?India and the EU.Why there is no agreement ?The EU is
demanding a substantial tariff cut and the elimination of duties on
European vehicles, auto components and wines & spirits.India,
on the other hand, is seeking more access to European markets,
primarily the UK and Germany, for its professionals, under a
relaxed Schengen visa regime.The new FTP has to be announced and
after that talks will resume.[21/07 17:14][email protected]:
(50) How is the performance of agriculture sector ?Southwest
monsoon , which is the lifeline for millions of farmers across
India , was less than normal in 2014.30 % deficit.This has affected
both Kharif crop production and Rabi harvest in India.Foodgrain
output is at 3 year low.[21/07 17:14][email protected]: (52)
What is the latest development on gold imports ?In a move that
could increase gold supply, nominated banks have been allowed to
import gold on "consignment basis" and lend it to local
jewellers.Under this system, banks source or borrow gold from
international bullion banks and lend the yellow metal to domestic
jewellers. The borrowing and the lending rates are fixed
simultaneously. It not only enables banks to earn good margin, but
also ensures supply to the domestic market.For about 15 years till
2014, this was the customary practice of sourcing gold officially.
However, this was stopped last year.Why ?Owing to concerns that
rising gold imports could impact thecurrent account deficit which
will put pressure on Rupee.Why has RBI removed the curbs now
?Rampant gold smuggling was happening due to the curbs imposed by
the government.Representations by bodies like the Ficci
sub-committee on jewellery.[21/07 17:14][email protected]: (51)
What are renewable energy ?It includes Solar , Wind , Biomass
,.....How much renewable power capacity has actually been installed
till now ?3.3 GW. ( of which 3 GW in solar sector ).Why is
renewable energy important ?It does not increase global
warming.What is the scene in india today ?The bulk of Indias total
installed power generation capacity is based on coal - the most
environmentally harmful mode of energy production.What is INDC
?Intended Domestically Determined Contributions.Next climate summit
in December this year in which place ?Paris.At RE-invest 2015 ,
what is India's declaration ?India would create 100 Gigawatts of
solar power by 2022.[21/07 17:14][email protected]: (54) What
are the changes that are happening regarding the working of Indian
IT companies ?For decades , Indian IT companies have been doing low
margin work like server maintenance.But ,now , they are moving
upscale in search of lucrative contracts for driverless cars and
other advanced projects as online innovation changes clients'
needs.Third-largest IT services exporter Wipro is building
computing systems designed to mimic human decision-making
abilities, where machines can understand and react to what human
beings say to them.HCL Technologies, meanwhile, is using robotics
to do away with manual testing of hardware.Though carrying higher
profit margins, the new business lines are not as big-ticket as
traditional large-scale outsourcing projects, meaning revenue may
be reduced in the short term, analysts say.Infosys and peers may
also find themselves competing in some cases with global majors
such as Google Inc, now developing artificial intelligence business
and working on projects including self-driving cars.But industry
watchers see plenty of business openings for players like Tech
Mahindra. Its engineers are busy testing consoles for cars that can
monitor driver fatigue and predict signs of heart attacks, as well
as working on a technology for driverless cars.Automation and
artificial intelligence work will grow to 25 to 30 percent of an IT
outsourcing market seen by the national industry association as
worth $300 billion by 2020.[21/07 17:14][email protected]: (53)
Four Indian companies in top global start-up list.What are they
?Flipkart, Snapdeal, Ola Cabs and InMobi.While India is being seen
as the next major breeding ground for start-ups, it lags China.Of
the 73 companies on the list, eight were Chinese, with Xiaomi
figuring at the top[21/07 17:14][email protected]: 56 ) How
much the Indian railways plan to invest in the next 5 years ?Rs 8.5
lakh crores.[21/07 17:14][email protected]: 57 ) What is RDSO
?Research , Design and Standards Organisation.[21/07
17:14][email protected]: 59 ) What are train sets ?Similar to
bullet trains in design and can run on existing tracks without an
engine to haul them.Within the next two years , they will start
running.20 % savings in journey time. ( that's all ?)[21/07
17:14][email protected]: 60 ) Satellite Railway Terminals in
major cities are going to be developed in 10 select stations. What
are the twin objectives ?Decongesting the city.Providing service to
passengers residing in suburbs.[21/07 17:14][email protected]:
58 ) What is ' Operation five minutes ' ?[21/07
17:14][email protected]: 61) Which North East state has been
brought on the railway map of India ?Meghalaya[21/07
17:14][email protected]: 62 ) To handle freight , Indian
Railways propose to set up a PSU . It's name ?TRANSLOC. Transport
Logistics Corporation of India.[21/07 17:14][email protected]:
63 ) For the benefit of farmers , a state of the art perishable
cargo centre is under completion in which place ?Azadpur
Mandi[21/07 17:14][email protected]: 65 ) Who is the largest
consumer of electricity in india ?Indian Railways[21/07
17:14][email protected]: 64 ) GOI conferred Bharat Ratna on
Pandit Madan Mohan Malaviya. Malaviya Chair for railway technology
is proposed to be set up at ?IIT (BHU) , Varanasi.[21/07
17:14][email protected]: 66 ) Cabinet approves agreement on
BRICS development bankWhat are the details ?The New Development
Bank (NDB) and the BRICS Contingent Reserve Arrangement (CRA)will
be established.Heads of the five nation BRICS group Brazil, Russia,
India, China and South Africa decided at their sixth summit in
Fortaleza in July last year to create a development bank as well as
a reserve fund tofinance infrastructure projects and other
sustainable development projects.Economic cooperation will
increase.