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Current Affairs August 2014
- Current Affairs 25th August 2014 - Important Points
- Actor-director Richard Attenborough, who also directed film Gandhi, passed away at 9
- Cone-shaped copper awl which is termed as Oldest metal object was found in woman's grave in Israel
- Katie Ledecky broke women's 400-meter freestyle world Record to create her new Record
- Supreme Court of India declared that all Coal Blocks after 1993 were illegal and Arbitrary
- India's First Ethanol-Run Bus Rolled out in Nagpur by Union Government
- Finance Minister Ahmet Davutoglu was named new Turkish Prime Minister
- First IIEST was inaugurated by President Pranab Mukherjee at Shibpur in West Bengal
Current Affairs 25th August 2014 - Details
Actor-director Richard Attenborough, who also directed film Gandhi, passed away at 90
On 24th August 2014, renowned filmmaker and actor Richard Attenborough passed away in London. He was 90 years old.
He was very popular in India too after he filmed biopic on Mahatma Gandhi, that film was also named as Gandhi, which was his greatest success too. For film Gandhi he won total of eight Oscars, which also include Oscar for best picture. He also won Academy award for same.Born on 29 August 1923 in Cambridge, England was among the great directors in the world. Before being an director he was also an actor.
Cone-shaped copper awl which is termed as Oldest metal object was found in woman's grave in Israel
- Now a current affairs which takes us to history, As an antique copper awl was recently discovered in Israel which is claimed to be the world's oldest metal object.A team of archaeologists found this metal object at a burial site in Tel Tsaf from a woman's grave.As per archaeologists this metal object dates back between 5100 BC and 4600 BC.
Katie Ledecky broke women's 400-meter freestyle world Record to create her new Record
- On 23rd August 2014, An American distance swimmer Katie Ledecky created a World Record in Women's 1500 Meter, which is among important sports current affairs.
She borke the previous world record hold by herself. She already had an record of swimming the distance in 15 mins 34.23 seconds, which she broke by covering the same distance is 15 mins 28.36 seconds.She made this new record at 2014 Pan Pac Championships on the Gold Coast, Australia and it was her fifth gold medal at Gold Coast meet.Congratulations Katie Ledecky !
Supreme Court of India declared that all Coal Blocks after 1993 were illegal and Arbitrary
- On 25th August 2014, The Supreme Court of India gave a major verdict related to coal blocks. In its verdict Court said that coal blocks allocated by the concerned committee from 1993 to 2010 were illegal and this distribution was arbitrary and was not transparent.Though Court also said that a furthur hearing is needed to decide wheather these 218 allocations should be cancelled.
India's First Ethanol-Run Bus Rolled out in Nagpur by Union Government
- On 22nd August 2014, India's first ever Ethanol-run environment-friendly public buses were launched by Union Transport Minister Nitin Gadkari.Ethanol run buses will be a big hit if these buses deliver effective service. As India imports petrol, diesel and gas worth over Rs 6 lakh crore every year, so India have to look at alternative fuels to minimize this import cost and this will also make country self reliant.Friends who have studied Chemistry seriously must be aware that Ethanol also called ethyl alcohol. It is pure alcohol and is a volatile, flammable, colorless liquid.Positive thing is that it can produced in large quantities in India.
Finance Minister Ahmet Davutoglu was named new Turkish Prime Minister
Among the International Current Affairs, Finance Minister Ahmet Davutoglu was named new Turkish Prime Minister. He was named as New Prime Minister of Turkey on 10th August 2014. He will be assume office from 28th August 2014 as he will be replacing Recep Tayyip Erdogan.
He had served as chief advisor to Prime Minister Recep Tayyip Erdogan. He was Finance Minister of the country since 2009.
First IIEST was inaugurated by President Pranab Mukherjee at Shibpur in West Bengal
- On 24th August 2014, The first Indian Institute of Engineering Science and Technology (IIEST) of the country was inaugurated by The President of India, Shri Pranab Mukherjee at Shibpur, Howrah, West Bengal.Indian Institute of Engineering Science and Technology, Shibpur, was formly known as Bengal Engineering and Science University and it was established in 1856.IIEST is a public institution for research and education in engineering science and technology. In March 2014 the institute got national status by amending National Institutes of Technology and Science Education and Research (NITSER) Act, 2007. It was renamed to IIEST Shibpur from Bengal Engineering and Science University.
BANKING AWARENESS PRACTICE QUESTIONS FOR IBPS CLERKS EXAM
- 1. General credit control by RBI is done through?
a) Bank rate
b) CRR
c) SLR
d) All the above
e) None of these - 2. Commercial bank can increase their lending and investing ability through?
a) Level liquidity and excess cash
b) Commercial papers
c) Taking the help of public
d) Productive methods
e) None of these - 3. Who is also known as lender of the last resort?
a) Commercial banks
b) RBI
c) Regional rural banks
d) Union Government of India
e) None of these - 4. Basic banking services making available with nil or very minimum balance saving account is done through which of the following?
a) Recurring savings account
b) Government sponsored credit account
c) QAB quarterly minimum balance
d) No frills savings account
e) None of the these - 5. Take the odd one out.
a) Pledge
b) Hypothecation
c) Assignment
d) Mortgage
e) Lien - 6. In primary and secondary markets dealer of Government securities is known as?
a) Primary dealer
b) Secondary dealer
c) Ledger
d) Corporate bond dealer
e) None of these - 7. What are/ is the source of income to banks?
a) Bill discounting
b) Commission/ Brokerage
c) Interest on loans
d) Interest on investments
e) All the above - 8. What are the agency services provided by commercial banks?
a) Collecting and payment of credit instruments
b) Letter credit
c) Collecting statistics
d) Traveler's cheques and credit cards
e) Merchant banking - 9. Banks underwrite securities issued by ......
a) Government of india
b) Public sector companies
c) Private sector companies
d) Both b and c
e) All the above - 10. Bank grant loan for very short period not exceeding 7 days and payable immediately at short notice is what kind of advancing?
a) Consumer credit
b) Smart money advancing
c) Call money or money at call advancing
d) Money credit
e) Cash credit - 11. Commercial banks provide locker facility to their customer for .......
a) Safe custody
b) Storing excess gold and valuables of banks
c) Filing important documents
d) Satisfying the Bank's jewellry and gold needs.
e) All the above - 12. Current deposits are also known as .......
a) Fixed Deposits
b) Demand Deposits
c) Time Deposits
d) All the above
e) None of these - 13. Identify the way(s) of bank lending ........
a) Cash credit
b) Overdraft facility
c) Bill discounting
d) Term loans
e) All the above - 14. Which of the following system encourages the habit of thrift?
a) Savings account deposit
b) Fixed deposit
c) Economy deposit
d) Commercial deposit
e) None - 15. The rate at which bank quote to their most credit worthy customers ......
a) Statutory Liquidity Rate
b) Fixed Rate
c) Floating Rate
d) Prime Lending Rate
e) None - 16. Identify the corresponding banking services.
a) Cheque collection
b) Securities safe keeping and trading
c) Loan participating
d) Fund transfer
e) All the above - 17. Local area banks are those which operates?
a) In a single branch or unit banks
b) In a city or town
c) In a specific metropolitan cities
d) In a couple of districts which are contiguous
e) None of these - 18. Who are all can not open a savings account in commercial banks?
a) Illiterate and blind persons
b) Legal business entity
c) Self helping groups
d) Hindu undivided family
e) None - 19. Cash reserves include ........
a) Money market instruments
b) Cash
c) Treasury bills
d) All of these
e) None of these - 20. An instrument which enable a account holder to draw money from his bank deposit account is known as ......
a) Cheque
b) Demand Draft
c) Pay in slip
d) Challan
e) None - 21. Identify the main and major source of income to bank from the following ......
a) Commission received by Issuing Demand Drafts against money deposited.
b) QAB Charges.
c) The difference between the rate of interest allowed on deposits and the rate charged on the Loans.
d) Charges collected on current account transactions.
e) None - 22. Which are/ is the Instruments used by Central Government to barrow money from RBI?
a) Treasury bills
b) Certificate of deposit
c) Commercial paper
d) Both b and c
e) None of these - 23. Identify the odd from following negotiable instrument.
a) Cheque
b) Bank draft
c) Bill of exchange
d) Fixed deposit
e) Promissory notes - 24. Public sector banks are owned by ......
a) Wholly by Government of India
b) Government of India and with minor share of RBI
c) Government of India with major share and along with general public share holders
d) Only RBI
e) None of these - 25. The act that helps banks in their day to day banking activities is ...
a) Negotiable instrument act
b) Service sector act
c) RBI act
d) Banking act
e) None - 26. Which is the largest commercial bank in India?
a) PNB
b) ICICI Bank
c) SBI
d) Central Bank of India
e) None of these - 27. What is an unconditional order in writing be drawn by a customer on his bank?
a) Cheque
b) Complaint
c) Draft
d) Bank note
e) All the above - 28. Which bank says that our bank is 'India's International Bank' .......
a) ICICI Bank
b) Bank of Baroda
c) SBI
d) HDFC Bank
e) RBI - 29. Which is not a function of commercial bank from the following?
a) Issuing letter of credits, travelers cheques
b) Safe custody of valuables
c) Collecting and distrusting business information
d) Providing reports on credit worthiness of customers
e) None of these - 30. Indian rupee is also known as ......
a) Standard token coin
b) Nickel coin
c) Silver or gold coin
d) Token coin
e) None of these - ANSWERS:
1-d, 2-a, 3-b, 4-d, 5-c, 6-a, 7-e, 8-a, 9-e, 10-c
11-a, 12-b, 13-e, 14-a, 15-d, 16-e, 17-d, 18-b, 19-d, 20-a
21-c, 22-a, 23-d, 24-c, 25-a, 26-c, 27-a, 28-b, 29-e, 30-a.
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