Current Affairs July 2014 - Vikalp Education

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Thursday, July 31, 2014
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Latest Recruitments ...

IBPS PO/MT IV Exam 2014 Recruitment Last Date : 11/08/2014

Indian Ordnance Factory Recruitment 2014 Last Date : 09/08/2014

SBI Recruitment of Management Executive Last Date : 11/08/2014

ISRO Recruitment of 233 Assistent Last Date : 07/08/2014


SessionDownload Link
General Awareness Session 1Download


Repo Rate : 8.0% 
Reverse Repo Rate : 7% 
Marginal Standing Facility Rate : 9% 
Cash Reserve Ratio : 4% 
Statutory Liquidity Ratio (SLR) : 22.5%


1. Reserve Bank of India released second Bi- Monetary Policy Statement.

2. Treasury heads of three banks ET spoke to confirmed that RBI officials have informally         communicated that banks can resume trades under respective NOP limits.

3. Reserve Bank of India kept key rates unchanged. While the repo rate was maintained at         8% and reverse repo rate at 7%, the SLR was cut by 50 basis points.

4. KYC norms for opening bank account have been eased by RBI. Now single documentary         proof of address can be used to open a bank account.

5. The Reserve Bank of India will modify its retail bonds linked to consumer prices as its first     attempt to insulate investors from price rises failed with only a few buying them.

6. Bank deposits grew at 13.91 per cent year-on-year to Rs. 79,00,894 crore, similar to               credit growth, data from the Reserve Bank of India (RBI) showed.

7. RBI has tightened the money laundering rules for money transfer companies and has               empowered their designated directors to penalise offerders who failed to comply with the       Prevention of Money Laundering Act, 2002.

8. India and the US have agreed to implement Foreign Accounts Tax Compliance Act                   (FATCA), a US law that targets tax non-compliance by US taxpayers with foreign                     accounts.

9. The Reserve Bank of India allowed minors above the age of 10 to open and operate                 savings bank accounts independently. This was to promote the objective of financial                 inclusion and to bring uniformity among banks in opening and operating minors’ accounts.

10. The RBI panel, headed by Ex-Chairman of Axis Bank, P. J. Nayak, said to dilute the                 government stake in public sector banks to below 50 % as the 26 public sector banks              (PSBs) suffer due to several ‘externally imposed constraints’ like dual regulation by the          RBI and the Finance Ministry, and external vigilance by agencies such as the CVC and            CAG, among others.

11. Reserve Bank of India (RBI) on 9 May 2014 barred Indian companies from raising the         External Commercial Borrowings (ECB) from overseas branches and subsidiaries of Indian   banks for refinance or repayment of the Rupee loans raised from domestic banking system. 

12. SEBI has issued new norms for public issuance of debt securities under which such offers       have to be of minimum Rs. 100 crore, while issuers would need to make additional                   disclosures and attain atleast 75 per  cent subscription. 

 13. Subhalakshmi Panse, former CMD of Allahabad Bank, has joined the board of Federal              Bank as an Independent Director. 

 14. World Bank lower forecast Growth Rate for developing countries to 4.8% from 5.3 %. 

 15. ICICI Bank has launched co‐branded card with DMRC. It can be your credit/debit card,         and offers the benefit of 10 per cent discount that the DMRC smart card offers. 

 16. Export‐Import Bank of India (Exim Bank) entered into a memorandum of                understanding (MOU) with the Indian Council of Cultural Relations (ICCR) for            establishment of a Chair for financial management in Lagos Business School, Nigeria. 

 17. National Bank for Agriculture and Rural Development (Nabard) has reduced the interest      rate on its long‐term refinance facility to banks by 20 basis points to promote investments     in agriculture.  The new rates will be 9.5 per cent (9.7 per cent earlier) for 5 years and             above and 9.7 per cent  (9.9 per cent earlier) for 3‐5 years. 

 18. Finance Minister Arun Jaitley has been appointed on the Board of Governors of                        Philippines‐based Asian Development Bank (ADB). 

 19. Exim Bank has extended USD 46 million line of credit to Mauritius for financing goods           and  defence related vehicles purchases. 

20. World Bank has signed an agreement with the government to provide a loan assistance of    USD 1,006.20 million for Sarva Shiksha Abhiyan III, which is the largest ongoing              "Education for All"  programme in the world. 

 21. FICCI and IDBI signed an MoU for easy access to organised finance facility at competitive interest              rates for micro, small and medium enterprise (MSME). 

22. India recently launched its own payment gateway 'RuPay', equivalent of Visa and Mastercard, which will work on ATMs and merchant outlets and help in reducing cash transactions.   

 23. India became third‐largest economy in 2011 from 10th in 2005:  India emerged   as the world’s third‐largest economy in 2011 from being the 10th largest in 2005, moving ahead of Japan, while the US remained the largest economy closely followed by China, latest figures have revealed. 

24. Govt accepts Sahoo panel report on review of depository receipts scheme. The key           recommendations of the committee include allowing issuance of depository receipts against any underlying securities — equity or debt, by any issuer ‐ listed or unlisted.

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Wednesday, July 30, 2014
by , in
Latest Recruitments ...

IBPS PO/MT IV Exam 2014 Recruitment Last Date : 11/08/2014

Indian Ordnance Factory Recruitment 2014 Last Date : 09/08/2014

SBI Recruitment of Management Executive Last Date : 11/08/2014

ISRO Recruitment of 233 Assistent Last Date : 07/08/2014


SessionDownload Link
General Awareness Session 1Download

GA Updates ( 2014 )

1. Which of the Indian Players have won Gold on first day of Commonwealth Games 2014?
Sukhen Dey and K Sanjita Chanu

2. India has been ranked at which place according to Human Development Report 2014?
135 th

3. FDI Cap in Insurance sector has been raised from 26 percent to?
49 %

4. Recently, NASA has launched Ship-Aircraft Bio-Optical Research (SABOR) experiment to probe ____? 
Ocean Ecology and Carbon Cycle

5. IBSA ' s next 2015 Summit will proposed at.
New delhi india

6. In "NPCI" P denotes ....
Payment (National Payment Corporation of India)

7. The 2014 Wimbledon Men's Singles was won by?
Novak Djokovic

8. Which among the following country has cancelled its military aid to Thailand because of military coup?

9. Who has been elected as new President of Iraq?
Fuad Masum

10. Which Organisation releases Human Development Report?
UNDP (united nation development program)

11. The fourth P-8I maritime patrol aircraft was provided to India by which among the aircraft manufacturers?

12. India's largest electricity-generating plant is located at ___? 

13. With reference to the Syrian Crisis, which among the following countries is not against the incumbent Syrian Government led by Bashar al-Assad?

14. Great Himalayan National Park (GHNP) is located in __?
Himachal Pradesh

15. Sumitra Mahajan, the newly elected speaker of Lok Sabha represents which among the following constituencies?

16. 'Project seabird' is associated with which one of the following coastal city?

17. Which Indian has been appointed as an international expert advisor by World Bank ?
Bikram Dasgupta

18. Akash launched by Indian Army recently is a 

19. According to Mayaram Panel , Foreign Portfolio Investment (FPI) will include ?

20. Who has been chosen for the Pen Pinter Prize 2014 ?
Salman Rushdie


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