The G-20 Summit 2014 started on 15 November 2014 in Brisbane, the capital of Queensland (Australia). This summit is which edition of the meeting of the G-20 heads of state?
- Ninth
G-20 (also known as Group of 20) is a global forum of the 20 biggest economies of the world. It includes the largest developed countries of the world as well as the largest developing countries. The group comprises of 19 countries – Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom and United States. The 20th member is the European Union (EU). The European Commission (EC) and the European Commission (EC) represent EU in G-20. Indian Prime Minister Narendra Modi represented India in the summit. 6 countries – Mauritania, Myanmar, New Zealand, Senegal, Singapore, and Spain have been invited as guest countries to the summit.
According to an announcement made by the Union Finance Ministry on 14 November 2014, which two States and three Union Territories have achieved 100% banking inclusion under the Pradhan Mantri Jan Dhan Yojana (PMJDY) as on 5 November 2014?
- Goa and Kerala (states) and Chandigarh, Puducherry and Lakshadweep (Union Territories)
100% banking inclusion means having at least one bank account for every household. According to official data available till 5 November 2014, 11.26 lakh bank accounts were opened in Kerala, followed by 77,485 accounts in Goa, 1.36 lakh accounts in Chandigarh, 69,819 accounts in Puducherry and 3,588 accounts in Lakshadweep under the Pradhan Mantri Jan-Dhan Yojana (PMJDY). States of Kerala and Goa, union territories of Chandigarh, Puducherry and Lakshadweep and three districts of Gujarat — Porbandar, Mehasana, Gandhinagar have been declared as 100% saturated in terms of coverage of all households with at least one bank account.
The Union Govt. launched a modified Direct Benefit Transfer of LPG (DBTL) scheme in how many districts on 15 November 2014?
- 54
Under this modified DBTL scheme, LPG consumers who have not yet availed the benefit will be able to get cash subsidy amount transferred into their accounts to buy Liquefied Petroleum Gas (LPG) cylinders at market price. Every time a domestic LPG consumer books a cylinder the government will transfer Rs. 568 to the customers’ bank account so that the money would be there in the account before gas reaches their homes. Each household is entitled to get 12 subsidized cylinders a year. So those who have already exhausted the quota will not get any subsidy this year. This scheme will be implemented in the rest of India on 1 January 2015. Post implementation of this scheme India’s LPG subsidy burden of Rs 48,000 crore is expected to come down by 15%. The Aadhaar linked DBTL scheme was launched on 1 June 2013 and finally covered 291 districts. The government has comprehensively reviewed the scheme and after examining the difficulties faced by the consumer substantively modified the scheme prior to the launch.
The Sukhoi 30 MKI fighter aircrafts of the Indian Air Force (IAF) were allowed to fly again from 15 November 2014 after being grounded since 22 October 2014. These aircrafts were grounded after a Sukhoi fighter crashed on 14 October. This crash took place near which place?
- Pune
An IAF Sukhoi 30 MKI fighter had crashed on 14 October 2014 in a village near Pune when it was returning after a regular exercise. After this the IAF had ordered an inquiry into the snag that led to this crash and announced grounding all of the around 200 fighters of this make till completion of this probe. A team of the IAF, HAL personnel and Russian technicians are examining the reasons for crash but grounding of the aircraft was withdrawn from 15 November.
The Assembly of which Northeastern state of India on 14 November 2014 adopted a motion against attacks on people from Northeast?
- Mizoram
The Mizoram Assembly unanimously adopted a resolution condemning racial attacks on people from the Northeast and expressed hope that such incidents do not take place again. The resolution was moved in the Assembly by Mizo National Front (MNF) MLA Lalruatkima who said that even 67 years after independence, people from the Northeast have been discriminated against because of the colour of skin, the built of body and even due to slant eyes.
The Islamic State (IS) group on 14 November 2014 ordered that the organisation start minting gold, silver and copper coins for its own currency. What is the name given to this currency?
- Islamic Dinar
The plan to create its own currency is part of IS’ grandiose plan to restore the caliphate era that dominated the Middle East more than 1,300 years ago. It has already prepared its own flag, formed courts and ministries, issued passports and even license plates. IS is the violent Sunni jihadist group that has seized parts of Syria and Iraq and plans to take more areas in the Arabic region under its fold.
BANKING AWARENESS PRACTICE QUESTIONS
- 1. Which of the following banks has recently introduced mobile banking service for its customers,
to commemorate 50 years of its journey in the Indian financial sector?
a) Union Bank of India
b) IDBI Bank
c) Kerala Grameena Bank
d) Karur vysya Bank
e) ICICI Bank - 2. Currency Swap is an instrument to manage?
a) Interest rate risk
b) Currency risk
c) Currency and interest rate risk
d) Cash inflows in different currencies
e) All of the above - 3. The RBI widened infrastructure sector lending sub-category recently. Which of the following sectors qualify for infrastructure sector lending?
a) Communication
b) Water and sanitation
c) Energy
d) Transport
e) All the above - 4. Expand the term IMPS.
a) Immediate Mobile Payment Service
b) Inter-Mobile Payment Service
c) International Mobile Payment Service
d) Instant Payment Service
e) None of these - 5. Doha Bank , which has been sanctioned licence to start its operations in India, belongs to which
of the following countries?
a) Kuwait
b) Iran
c) Bahrain
d) Qatar - 6. CAPART (Council for Advancement of People's Action and Rural Technology) is associated
with which of the following?
a) Energy Sector
b) Rural Development
c) Infrastructure
d) Foreign Trade
e) None of these - 7. How many alphabets will be there in PAN CARD provided by Income Tax Department?
a) Four
b) Five
c) Seven
d) Three
e) SIX - 8. Which of the following banks has recently approved 30 million US dollars loan to Assam which
will help it in its drive to eliminate power sector inefficiencies that are hurting its consumers, its
world-famous tea industry, and its environment?
a) World Bank
b) Asian Development Bank
c) Yes Bank
d) Indian Bank
e) All of the above - 9. Under provisions of which one of the following Acts, the RBI issues directives to the Banks in
India?
a) Banking Regulation Act
b) Essential Commodities Act
c) RBI Regulation Act
d) RBI and Banking Regulation Act
e) None of these - 10. Which of the following companies will be provided equity investment of 50 million US dollars by The Asian Development Bank ?
a) Tata Power
b) NTPC
c) ReNew Power Ventures Private Limited
d) NHPC
e) None of these - 11. Which of the following can be obtained only from a bank?
a) Demand draft
b) Postal Stamps
c) Judicial Stamp Papers
d) Birth Certificates
e) All of these - 12. SBI has launched six digital branches across the country as part of its programme to offer next
generation banking solutions. What is the name given to these digital branches?
a) SBI Digital
b) SBI Intouch
c) SBI Tech
d) Digi SBI
e) None of these - 13. C Rangarajan Committee has recently submitted its report on which of the following matters?
a) Sanitation
b) Food
c) Poverty
d) Education
e) All of these - 14. Which among the following committee is set up for giving clear definitions to FDI and FII with
an aim to remove ambiguity over the two types of foreign investments?
a) Gopinath committee
b) Subir Gokarn committee
c) Arvind Mayaram committee
d) Sushma Nath committee
e) None of these - 15. The erstwhile UTI Bank is presently known as:
a) ING Vaisya Bank
b) Yes Bank
c) Indus Ind Bank
d) Axis Bank
e) IDBI - 16. The abbreviation UIDAI stands for
a) Unique Identification Division of All India
b) Unique Identification Department of Ancient India
c) Unique Identity Division of Ancient India
d) Unique Identification Authority of India
e) None of these - 17. Ms.Christine Lagarde is holding which of the following positions at present?
a) Chief of Asian Development Bank
b) Chief of International Monetary Fund
c) Chancellor of Germany
d) Chief of Morgan Stanley
e) Chief of World Bank - 18. It is mandatory to quote the following identification number on all large value financial transactions.
a) PAN number
b) Voter ID
c) PIN
d) Ration Card Number
e) Phone Number - 19. Which of the following is NOT a Banking or Finance Company?
a) Barclay
b) Luftansa
c) BNP Paribas
d) American Express
e) HSBC - 20. Which of the following is the part of the name of a Public Sector Bank in India?
a) Jindal
b) Gokhale
c) Jaipuria
d) Tata
e) Dena - ANSWERS:
1) b; 2) d; 3) e; 4) a; 5) d; 6) b; 7) e; 8) b; 9) a; 10) c;
11) a; 12) b; 13) c; 14) c; 15) d; 16) d; 17) b; 18) a; 19 b 20) e;
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