Current Affairs - 17 November 2014

Which Indian male badminton player created history by defeating two-time Olympic champion Lin Dan of China to win the China Open Super Series tournament on 16 November 2014

• 

  Kidambi Srikanth
  Kidambi Srikanth shocked five time world champion and two-time Olympic champion Lin Dan of China, who was also the home favourite, by 21-19, 21-17 to win the title. Lin Dan is considered the greatest badminton player of all time and deemed invincible by all contemporaries. This was the first time that any Indian male shuttler had won a Super Series Premier event ever since the Super Series and Premier tournaments were introduced. Srikanth belongs to Guntur (Andhra Pradesh).

The 2014 summit of G-20 nations concluded at Brisbane (Australia) on 16 November 2014. Which city would host the 2015 Summit of G-20 next year?

• 

  Antalya (Turkey)
  The G-20 Summit concluded with world’s most powerful industrial economies pledging to grow their combined economic output by an extra 2.1%, i.e., around $2 trillion – over the next five years. The “Brisbane Action Plan” was formulated to achieve this goal through domestic policy reforms.

Saina Nehwal’s title win at the China Open Super Series tournament on 16 November 2014 completed a rare doubles in singles for India. Nehwal defeated which player in the final to give Indian this rare double title win?

• 

  Japan’s Akane Yamaguchi
  Saina Nehwal defeated Akane Yamaguchi by 21-12, 22-20 in the finals. This was Saina’s third title of the year as she had won the Australian Super Series in June, besides clinching the Syed Modi International Grand Prix Gold early in the year.

Andhra Pradesh’s Puttamaraju Kandriga village came to news recently due to which reason?

• 

  Sachin Tendulkar adopted this village under the Sansad Adarsh Gram Yojna (SAGY)
  Sachin Tendulkar visited this village on 16 November 2014 for the first time after his announcement to adopt it during October 2014. This village is in Nellore district of Andhra Pradesh and with a population of around 400, depends primarily on farming as a source of livelihood. Prime Minister Narendra Modi in his Independence Day speech had urged all MPs to adopt a village each by 2016, and another two by 2019, focusing on providing modern and better services and infrastructure.

During November 2014 Microsoft issued an emergency patch for a dangerous bug that had existed in the Windows operating system undiscovered for 19 years. The bug, which is present in every version of Microsoft Windows from Windows 95 onward, allows an attacker to remotely take over and control a computer. This bug was discovered by cybersecurity research team of which company?

• 

  IBM Corp.
  The bug was discovered by IBM’s cybersecurity research team in May 2014. It was revealed that a hacker could take control of computers after luring Internet Explorer browser users to bobby-trapped Internet pages. However, it was also revealed that there was no evidence that hackers had managed to pull-off any such move.

India whitewashed Sri Lanka by 5-0 in the ODI series by winning the final ODI held at Ranchi on 16 November 2014. When was the last time when India had whitewashed Sri Lanka in an ODI series?

• 

  1982
  This series win is India’s second ODI series whitewash over Sri Lanka at home – the first since 1982, when India had whitewashed it 3-0 in the ODI series under the captaincy of Kapil Dev. India won the final ODI at Ranchi by 3 wickets under pressure and were guided by a magnificent 139 not out by skipper Virat Kohli. Set to chase a convincing target of 287 India achieved the target with 8 balls to spare. Virat Kohli was adjudged the Man of the Series. Earlier Sri Lankan skipper Angelo Mathews hit a brilliant 139 not out, the maiden century of his career to steer his team to a respectable score of 286.

Banking Awareness for SBI Bank Clerk Exam

• 1. Who is the president of World Bank?

  A. Ban Ki-Moon
  B. Evan Wiliams.
  C. Jim Yong Kim.
  D. Tim Cook

• 2. Who is the CEO of IMF- International Monetory Fund?

  A. Christine Lagarde.

  B. Vishal Sikka.

  C. John Birkin.

  D. Jim Yong Kim

• 3. State Bank of India founded in-

  
  

  A. 1955

  B. 1967

  C. 1960

  D. 1975

• 4. How many SBI- State Bank of India Associate banks are there?

  A. 1

  B. 9

  C. 5

  D. 10

• 5. How many foreign offices of SBI- State Bank of India are there?

  A. 100
  B. 1000
  C. 190
  D. 1900

• 6. What is/are the main functions of RBI?

  (i). Notes Issuance.
  (ii). Government's Bankar.
  (iii). Bankar's Bank.
  (iv). Bank's Supervision.
     A. Only (i)
     B. Both (ii) and (iii)
     C. Both (iii) and (iv)
     D. All of these.

• 7. In India, Micro finance development and Equity fund is maintained by-

     A. Small industries development Bank of India(SIDBI).
     B. RBI(Reserve bank of India).
     C. Nabard(National bank for Agriculture and rural development).
     D. CII(Confederation of industries in India).

• 8. Which are the following rates are decided by the RBI is called "Policy Rate"?

     A. Cash reserve ratio.
     B. Lending rate.
     C. Bank rate.
     D. Deposite rate

• 9. As per newspaper report,one of the major public sector banks sold out its RS> 500 Cr. loan to IIFCL. This type of buying and selling of loans in banking sector is popularly known as,

     A. Teaser rate financing.
     B. Take out financing.
     C. Infrastructure financing.
     D. Development financing.

• 10. 'kfw' group released another instalment of its financial aid to India.'kfw' is an organisation/bank base in;

     A. France.
     B. Japan.
     C. Germany.
     D. China.

• 11. Retail Banking refers to the dealing of commercial banks with individual customers on,

  i) Liabilities.
  ii) Assets.
     A. only i.
     B. only ii.
     C. both i and ii.
     D. None of these.

• 12. Wholesale banking is also called,

  i)Corporate banking.
  ii)Commercial banking
     A. only i.
     B. only ii.
     C. both i and ii.
     D. None of these.

• 13. With respect to wholesale banking,'term landing' is a,

  i)Fund based services.
  ii)Non-fund based services.
     A. only i.
     B. only ii.
     C. both i and ii.
     D. None of these.

• 14. In banking the term DTL refers to;

     A. Detail time limit.
     B. Demand and time limit.
     C. Demand and time liabilities.
     D. None of these.

• 15. Cash reserve ratio(CRR) refers to,

     A. Cash that all banks are require to maintain with RBI.
     B. Certain percentage of DTL of all banks.
     C. Both a & b.
     D. None of these.

• 16. Objective of SLR(Statutory Liquidity Ratio) is /are;

     A. To restrict expansion of bank credit.
     B. To increase banks investment in approved securities.
     C. To ensure solvency of banks.
     D. All of these.

• 17. Interest payable on savings bank accounts is-

     A. decided by banks without following any conditions by RBI.
     B. not regulated by RBI.
     C. regulated by central government.
     D. decided by banks following the guidelines of RBI

• 18. Which is/are the commodities on which subsidy is given to farmers or poor people in India?

     A. Fertilizer.
     B. Kerosene.
     C. LPG.
     D. All of these.

• 19. Financial inclusion or Inclusive financing means providing-

     A. food at low cost.
     B. financial services (Payments, remittances, savings, loans, insurance and etc.) at affordable cost to those disadvantaged and low-income parts/segments of the society, where these services are not affordable or available.
     C. only free financial education to poor people.
     D. None of these.

• 20. If the rate of inflation increases then the-

     A. purchasing power of money increases.
     B. purchasing power of money decreases.
     C. purchasing power of money remains uneffected.
     D. None of these.
• Answer:
  1)C, 2)A, 3)A, 4)C, 5)C, 6)D, 7)A, 8)A, 9)B, 10)C
  11)C, 12)C, 13)B, 14)C, 15)C, 16)D, 17)D, 18)D, 19)B, 20)B