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Current Affairs August 2014
Current Affairs 22nd August 2014 - Important Points
Thailand coup General Prayuth Chan-ocha named as new PM of Thailand
Hockey Madhya Pradesh was inducted as 23rd Associate Member by Hockey India
Delhi-based wrestling academy, Guru Hanuman Akhara chosen for 2014 Rashtritya Khel Protsahan Puraskar
Chairman and managing director of Indian Bank T M Bhasin elected as Chairman of Indian Banks Association
Prime Minister inaugurated 765 kv Ranchi-Dharmjaygarh-Sipat Transmission Line connecting the Eastern and Western parts of the country
Current Affairs 22nd August 2014 - Details
Thailand coup General Prayuth Chan-ocha named as new PM of Thailand
On 21st August 2014, Thailand coup leader, Army Chief Prayuth Chan-ocha was elected as the new Prime Minister of Thailand, thus be became the 29th Prime Minister of Thailand, which is an important news among international current affairs. Army Chief Prayuth Chan-ocha is 60 years old and was due to retire from army in few months.
Chan-Ocha is already working as de facto premier since the 22 May 2014 coup. As we are aware that Yingluck Shinawatra was dismissed as Prime Minister of Thailand after a court ruling, since then power has been seized by Chan-Ocha.
Hockey Madhya Pradesh was inducted as 23rd Associate Member by Hockey India
Among the sports current affairs, On 21st August 2014, Hockey India inducted Hockey Madhya Pradesh as 23rd Associate Member. Hockey Madhya Pradesh was previously known as Madhya Pradesh Hockey Association.
Hockey India was formed on 20 May 2009. It is affiliated to the International Hockey Federation (FIH), the Indian Olympic Association (IOA) and Asian Hockey Federation (AHF).
Do you Know :
Who is President of Hockey India ?
Ans : Mariamma Koshy
Who is Secretary General of Hockey India ?
Ans : Dr. Narinder Batra
Delhi-based wrestling academy, Guru Hanuman Akhara chosen for 2014 Rashtritya Khel Protsahan Puraskar
On 21st August 2014, a Delhi-based wrestling academy named as Guru Hanuman Akhara was chosen for the Rashtritya Khel Protsahan Puraskar of 2014. Under the category of establishment and management of sports academies of excellence this Akhara was chosen for this prestigious award.
This award is scheduled to be given on 29th August 2014 at National Sports Awards function and will be given by President of India, Pranab Mukherjee.
Arjuna, Dronacharya and Dhyan Chand awards will also be given.
Chairman and managing director of Indian Bank T M Bhasin elected as Chairman of Indian Banks Association
Among the Banking Current Affairs, On 20th August 2014, chairman and managing director of Indian Bank Mr T M Bhasin was elected as Chairman of Indian Banks Association (IBA). Mr T M Bhasin will be the chairman of IBA for 2014-15.
Do you Know :
Who was the previous chairman of IBA ?
Ans : Chairman and managing director of Punjab National Bank, Mr K R Kamath. He was Chairman of IBA for two consecutive tenures 2012-13 and 2013-14.
Prime Minister inaugurated 765 kv Ranchi-Dharmjaygarh-Sipat Transmission Line connecting the Eastern and Western parts of the country
Among the National Current Affairs on 21st August 2014, Prime Minister Mr. Narendra Modi inaugurated 765 kv Ranchi-Dharmjaygarh-Sipat Transmission Line connecting the Eastern and Western parts of the country. This was an online inauguration at Prabhat Tara, Dhurwa, in Ranchi.
GENERAL AWARENESS PRACTICE MCQs FOR IBPS CLERKS EXAM
1. The financial year of RBI is from:
a) 1st January to 31st December
b) 1st July to 30th June
c) 1st October to 30th September
d) 1st April to 31st March
e) None of these
2. According to third Bi-Monthly Monetary Policy, RBI reduced SLR by 50 basic points. Accordingly the SLR w.e.f. 9th August 2014 is:
a) 20.5%
b) 5%
c) 22%
d) 22.5%
e) 4%
- 3. Which of the following banks has launched 'Tiny Cards' with biometric identification to expand the coverage of banking services in rural parts of the country?a) ICICI bank
b) NABARD
c) State Bank of India
d) Bank of India
e) None of these
4. Government policy to raise income by additional taxes and allocation of expenditure is called:
a) Expenditure policy
b) Monetary policy
c) Income policy
d) Fiscal policy
e) None of these
- 5. Which of the following statement(s) is/ are NOT correct with respect to the Banking Ombudsman Scheme implemented in India?a) This scheme was introduced under Section 35A of the Banking Regulation Act, 1949 by RBI with effect from 1995b) The Banking Ombudsman is a senior official appointed by the RBI to redress customer complaints against deficiency banking servicesc) All Schedule Commercial Banks, Regional Rural Banks and Scheduled Primary Co - operative Banks are covered under the schemed) All of the abovee) None of these
6. Largest shareholder (in percentage shareholding) of a nationalized bank is ____
a) RBI
b) NABARD
c) LIC
d) Govt. of India
e) IBA
7. Which one of the following is not a salient feature of Debit Card?
a) No bad debts to banks and no suits for recovery to the proposed Card H
b) No interest earning for banks
c) Works like a normal withdrawal
d) Can be used at ATM and POS
e) 180 days credit is given to the card holder
8. Which of the following is not a type of Cheque?
a) Crossed cheque
b) Blank cheque
c) Speed cheque
d) Bearer cheque
e) Order cheque
9. Which of the following Acts helps a bank in its day to day activities?
a) Workmen competition Act
b) Negotiable Instruments Act
c) Industrial Dispute Act
d) Consumer Protect Act
e) NRI Act
10. 'Federal Reserve' is the Central Bank of which of the following countries?
a) Russia
b) Britain
c) Canada
d) Australia
e) USA
11. Anationalized bank is also called by the following name:
a) Private Sector Bank
b) Self Help Group
c) Grameena Bank
d) Public Sector Bank
e) None of these
12. Banks in India are regulated under ___
a) Companies Act, 1956
b) Banking Regulation Act, 1949
c) Reserve Bank of India Act, 1934
d) Special powers conferred on the RBI
e) None of these
13. Banking sector fall under which of the following?
a) Agricultural Sector
b) Industrial Sector
c) Manufacturing Sector
d) Service Sector
e) Small Scale Sector
14. Loans of very small amounts given to low income groups is called ____
a) Cash Credit
b) Micro Credit
c) Simple overdraft
d) No frills loans
e) Rural credit
15. As per the new guidelines issued by the RBI, which of the following categories will be given relaxation in KYC norms while opening bank account and borrowing from the banks?
A) Marginal Farmers
b) Daily labourers
c) Self help groups
d) All of the above
e) None of these
16. Name the first bank in the country to launch the reverse mortgage scheme?
a) Bank of Baroda
b) Punjab National Bank
c) Canara Bank
d) SBI
e) None of these
17. Banks have started opening 'No Frill' accounts recently in order to help which of the following sections of customers?
a) Weaker section of society
b) High - value customers
c) Students
d) Loan - seekers who were not able to repay their loans taken earlier
e) None of these
18. Digital banking means:
a) Banking with calculators
b) Banking with digital instrument
c) Internet banking and Tele banking
d) Export finance
e) None of these
- 19. The banking system in India has mainly two types of Credit Control systems - quantitative and qualitative. Which of the following do(es) not fall under quantitative credit control?a) Bank Rate
b) Cash Reserve Ratio (CRR)
c) Margin requirement
d) All of the above
e) None of these
20. Which of the following Rates/ Ratios is not covered under the Monetary and Credit policy of RBI?
a) Bank rate
b) Repo rate
c) Cash reserve ratio
d) Reserve repo rate
e) Exchange rate of foreign currencies
21. The new Capital Adequacy Framework prescribed for the banks commonly known as ___
a) Credit policy
b) KYC
c) Monetary Policy
d) Basel Accord
e) None of these
22. Which of the following is not a banking term?
a) Letter of Guarantee
b) RTGS
c) CBS
d) Speed Clearing
e) Speed Post
23. The RBI asked banks to spell out their policy, procedures and size of the business on which of the following aspects of banking?
a) On - shore banking
b) Off - shore banking
c) Investments in secondary market
d) Wealth management
e) None of these
24. What is the expanded form of ECS as used in banking sector?
a) Effective Clearing System
b) Electronic Confirmation System
c) Electronic Clearing Service
d) Enabled Clearing System
e) None of these
25. Normally used deposit accounts of banks by customers are ____
a) Current Accounts, Electricity Accounts and Insurance Premium Accounts
b) Current Accounts, Post office Savings Bank Accounts and Term Deposit Accounts
c) Loan Accounts, Savings Bank Accounts and Term Deposit Accounts
d) Current Accounts, Savings Bank Accounts and Term Deposit Accounts
e) Current Bill
ANSWERS:
1) b; 2) c; 3) c; 4) d; 5) e; 6) d; 7) e; 8) c; 9) b; 10) e;
11) d; 12) b; 13) d; 14) b; 15) c; 16) b; 17) c; 18) c; 19) c; 20) e;
21) d; 22) e; 23) d; 24) c; 25) d.
1) b; 2) c; 3) c; 4) d; 5) e; 6) d; 7) e; 8) c; 9) b; 10) e;
11) d; 12) b; 13) d; 14) b; 15) c; 16) b; 17) c; 18) c; 19) c; 20) e;
21) d; 22) e; 23) d; 24) c; 25) d.
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