Yesterday's 7.3 magnitude earthquake was just an aftershock: Geologists
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The 7.3 earthquake that hit Nepal on Tuesday was an aftershock to the disaster that left 8,000 dead more than two weeks ago, geologists have said.
The epicentre, near the base camp for Mount Everest, was less than 100 miles away from that of its predecessor on April 25.
Scientists at the US Geological Survey said it was one of around 100 aftershocks, stronger than magnitude three, recorded since the previous earthquake.
At least nine more tremors measuring up to 6.3 on the Richter scale followed it on Tuesday along the same fault line, spreading further panic.
An aftershock is any earthquake following a larger event, called a mainshock, in roughly the same location.
While Tuesday's earthquake struck with a magnitude of 7.3, toppling buildings and triggering landslides, the devastation did not equal that brought about by the magnitude 7.8 strike that preceded it.
That disaster flattened entire rural villages and collapsed large buildings and historical monuments with the force of the shaking.
At least 8,046 people were killed and 17,800 injured, with almost 400 people still missing in the rubble.
Millions of people who lost their homes were still living in temporary shelters when the second earthquake hit, after foreign aid poured into Nepal and British soldiers joined aid agencies from around the world to help the relief effort.
The latest quake, at around 12.35 local time, could be felt as far away as India, Tibet and Bangladesh.
Terrified crowds fled buildings in Kathmandu, which was already badly damaged.
In Delhi, offices were evacuated as the earth shook and high rises swayed from side to side.
US Geological Survey recorded the epicentre near the Himalayan town of Namche Bazar at a shallow depth of about 19 km (12 miles).
In its analysis, the agency described the May 12 event as the "largest aftershock to date" from the April 25 earthquake.
Also known as the Gorkha earthquake, its epicentre was 93 miles (150 km) to the west.
It resulted from continuing movement along the fault line between the Indian and Eurasian tectonic plates.
Caused by "thrust faulting", the earthquake occurred as the Indian plate continues converging with its Eurasian neighbour at a rate of 45mm a year.
The Indian plate is pushing beneath as the other slides on top and the action is making the Himalayan mountain range, which were formed because of the collision, higher every year.
A spokesperson for the US Geological Survey said the movement would continue to generate "numerous earthquakes" and make Nepal "one of the most seismically hazardous regions on Earth".
The agency said that although the epicentre of Tuesday's earthquake was plotted as a point, it was more accurately described as a "slip" along a fault.
Seismic events of that size usually happen along areas 35 miles (55km) long and 19 miles (13km) wide.
The earthquake on April 25 happened along approximately 75 miles (120km) of plate boundaries, 50 miles (80km) wide.
The underground disturbance it caused stretched eastwards from the epicentre, towards the badly damaged capital of Kathmandu, and the latest earthquake happened towards the eastern end of that line.
Before the start of 2015, only four earthquakes larger than six on the Richter scale had happened in the region in 100 years.
The largest, the 1934 Nepal-Bihar earthquake, struck with a magnitude of eight and caused around 10,600 deaths.
It ruptured a large section of the fault to the south of Tuesday's earthquake and severely damaged Kathmandu.
A magnitude 6.9 earthquake near the border of Nepal and India also killed almost 1,500 people in 1988.
The 7.3 earthquake that hit Nepal on Tuesday was an aftershock to the disaster that left 8,000 dead more than two weeks ago, geologists have said. The epicentre, near the base camp for Mount Everest, was less than 100 miles away from that of its predecessor on April 25.
Scientists at the US Geological Survey said it was one of around 100 aftershocks, stronger than magnitude three, recorded since the previous earthquake.
At least nine more tremors measuring up to 6.3 on the Richter scale followed it on Tuesday along the same fault line, spreading further panic.
An aftershock is any earthquake following a larger event, called a mainshock, in roughly the same location.
While Tuesday's earthquake struck with a magnitude of 7.3, toppling buildings and triggering landslides, the devastation did not equal that brought about by the magnitude 7.8 strike that preceded it.
That disaster flattened entire rural villages and collapsed large buildings and historical monuments with the force of the shaking.
At least 8,046 people were killed and 17,800 injured, with almost 400 people still missing in the rubble.
Millions of people who lost their homes were still living in temporary shelters when the second earthquake hit, after foreign aid poured into Nepal and British soldiers joined aid agencies from around the world to help the relief effort.
The latest quake, at around 12.35 local time, could be felt as far away as India, Tibet and Bangladesh.
Terrified crowds fled buildings in Kathmandu, which was already badly damaged.
In Delhi, offices were evacuated as the earth shook and high rises swayed from side to side.
US Geological Survey recorded the epicentre near the Himalayan town of Namche Bazar at a shallow depth of about 19 km (12 miles).
In its analysis, the agency described the May 12 event as the "largest aftershock to date" from the April 25 earthquake.
Also known as the Gorkha earthquake, its epicentre was 93 miles (150 km) to the west.
It resulted from continuing movement along the fault line between the Indian and Eurasian tectonic plates.
Caused by "thrust faulting", the earthquake occurred as the Indian plate continues converging with its Eurasian neighbour at a rate of 45mm a year.
The Indian plate is pushing beneath as the other slides on top and the action is making the Himalayan mountain range, which were formed because of the collision, higher every year.
A spokesperson for the US Geological Survey said the movement would continue to generate "numerous earthquakes" and make Nepal "one of the most seismically hazardous regions on Earth".
The agency said that although the epicentre of Tuesday's earthquake was plotted as a point, it was more accurately described as a "slip" along a fault.
Seismic events of that size usually happen along areas 35 miles (55km) long and 19 miles (13km) wide.
The earthquake on April 25 happened along approximately 75 miles (120km) of plate boundaries, 50 miles (80km) wide.
The underground disturbance it caused stretched eastwards from the epicentre, towards the badly damaged capital of Kathmandu, and the latest earthquake happened towards the eastern end of that line.
Before the start of 2015, only four earthquakes larger than six on the Richter scale had happened in the region in 100 years.
The largest, the 1934 Nepal-Bihar earthquake, struck with a magnitude of eight and caused around 10,600 deaths.
It ruptured a large section of the fault to the south of Tuesday's earthquake and severely damaged Kathmandu.
A magnitude 6.9 earthquake near the border of Nepal and India also killed almost 1,500 people in 1988.
Glaring mathematical errors in Jayalalithaa verdict, says public prosecutor
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BENGALURU: BV Acharya, the special public prosecutor in the multi-crore disproportionate assets case against former Tamil Nadu chief minister J Jayalalithaa, on Tuesday said there are glaring arithmetical errors in the 919-page verdict of the Karnataka high court that acquitted her and three others.
The prosecutor said if the mathematical mistakes are set right, the quantum of disproportionate assets owned by Jayalalithaa would be in excess of 76% of her known sources of income and not 8.12 % as arrived by the court.
The acquittal was premised on a Supreme Court judgment stating that disproportionate assets less than 10% of the known income is permissible.
Speaking to the TOI, Acharya referred to page number 852 of the verdict where the judge had calculated the loans borrowed by the 10 companies of the accused from nationalized banks and page 913 where the disproportionate assets were quantified.
"The total of the loan amount is calculated as Rs 24,17,31,274 (page 852).However, if added correctly, the total will be Rs 10,67,31,274 crore. This fundamental mistake in adding the individual loan amounts has inflated the income by Rs 13.5 cr," Acharya explained.
"The wrong figure has been used in the end (Page 913) to calculate the accused's income and also the DA. The total assets have been shown as Rs 37,59,02,466 and income at Rs.34,76,65,654 and the differential amount as Rs 2,82,36,812. Using these figures, the verdict puts the DA at 8.12% of her income. But if added properly, the disproportionate assets would be 76.70% ," he explained.
As regards the future course of action, Acharya said all options that are available including filing of an SLP before the apex court are under consideration as the glaring mistake has come to the notice of the prosecution.
The prosecution had calculated Rs 66.65 crore as disproportionate assets based on the cost of construction of buildings owned by the accused and also the expenses incurred on the lavish marriage of VN Sudhakaran, the third accused. However, the trial court had reduced the disproportionate assets amount to Rs 53.60 crore.
The high court held the trial's court figures as exaggerated and brought down the cost of construction as also the marriage expenditure. It preferred to go with Jayalalithaa's claim in her IT returns that she had spent Rs 28.60 lakh on the marriage. The prosecution had put the marriage expenditure at Rs 6 crore.
BENGALURU: BV Acharya, the special public prosecutor in the multi-crore disproportionate assets case against former Tamil Nadu chief minister J Jayalalithaa, on Tuesday said there are glaring arithmetical errors in the 919-page verdict of the Karnataka high court that acquitted her and three others.
The prosecutor said if the mathematical mistakes are set right, the quantum of disproportionate assets owned by Jayalalithaa would be in excess of 76% of her known sources of income and not 8.12 % as arrived by the court.
Speaking to the TOI, Acharya referred to page number 852 of the verdict where the judge had calculated the loans borrowed by the 10 companies of the accused from nationalized banks and page 913 where the disproportionate assets were quantified.
"The total of the loan amount is calculated as Rs 24,17,31,274 (page 852).However, if added correctly, the total will be Rs 10,67,31,274 crore. This fundamental mistake in adding the individual loan amounts has inflated the income by Rs 13.5 cr," Acharya explained.
"The wrong figure has been used in the end (Page 913) to calculate the accused's income and also the DA. The total assets have been shown as Rs 37,59,02,466 and income at Rs.34,76,65,654 and the differential amount as Rs 2,82,36,812. Using these figures, the verdict puts the DA at 8.12% of her income. But if added properly, the disproportionate assets would be 76.70% ," he explained.
As regards the future course of action, Acharya said all options that are available including filing of an SLP before the apex court are under consideration as the glaring mistake has come to the notice of the prosecution.
The prosecution had calculated Rs 66.65 crore as disproportionate assets based on the cost of construction of buildings owned by the accused and also the expenses incurred on the lavish marriage of VN Sudhakaran, the third accused. However, the trial court had reduced the disproportionate assets amount to Rs 53.60 crore.
The high court held the trial's court figures as exaggerated and brought down the cost of construction as also the marriage expenditure. It preferred to go with Jayalalithaa's claim in her IT returns that she had spent Rs 28.60 lakh on the marriage. The prosecution had put the marriage expenditure at Rs 6 crore.
Rahul to oppose land bill inside and outside Parliament
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NEW DELHI: Rahul Gandhi on Tuesday accused the NDA government of "killing" the Land Acquisition Act brought by the UPA and said Congress will fiercely resist within and outside Parliament the attempt of "suit-boot ki sarkar" to "grab" farmers' land.
"This government is in a hurry to pass this bill... It will not happen so easily. If we are not able to stop it here (in Parliament), we will hit the streets against it outside," the Congress Vice President said in Lok Sabha during a debate on the land bill.
He drew a parallel between a daylight robbery and the proposed law, saying an economist had told him that thieves wearing suits now strike during daylight.
Rahul's repeated jibes at the Modi government invited running protests from the treasury benches.
Hitting out at the bill, he termed it as an attempt by the government to acquire land, whose price has been rising, for industrialist "friends" and crony capitalists.
"This government wants to give land to crony capitalists and its industrialist friends because it's a 'suit-boot ki sarkar'," he said.
NEW DELHI: Rahul Gandhi on Tuesday accused the NDA government of "killing" the Land Acquisition Act brought by the UPA and said Congress will fiercely resist within and outside Parliament the attempt of "suit-boot ki sarkar" to "grab" farmers' land. "This government is in a hurry to pass this bill... It will not happen so easily. If we are not able to stop it here (in Parliament), we will hit the streets against it outside," the Congress Vice President said in Lok Sabha during a debate on the land bill.
He drew a parallel between a daylight robbery and the proposed law, saying an economist had told him that thieves wearing suits now strike during daylight.
Rahul's repeated jibes at the Modi government invited running protests from the treasury benches.
Hitting out at the bill, he termed it as an attempt by the government to acquire land, whose price has been rising, for industrialist "friends" and crony capitalists.
"This government wants to give land to crony capitalists and its industrialist friends because it's a 'suit-boot ki sarkar'," he said.
Google's biggest campus outside US to be in Hyderabad
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HYDERABAD: Google will build its largest campus outside the US in Hyderabad at an investment of Rs 1,000 crore, according to Telangana IT minister KT Rama Rao.
"Excited to announce that Google & government of Telangana have inked an MoU to build their largest campus (outside the US) in Hyderabad," Tweeted Rama Rao, who is currently on a visit to the US.
"First campus in Asia. 2 million sq ft space would be built. Investment of Rs 1,000 crore and in four years employee size to double from 6,500 to 13,000," the minister said.
Vice president, real estate & workplace at Google, David Radcliffe, and Telangana IT secretary Jayesh Ranjan signed the MoU at Google headquarters in Mountain View, California, he added.
HYDERABAD: Google will build its largest campus outside the US in Hyderabad at an investment of Rs 1,000 crore, according to Telangana IT minister KT Rama Rao."Excited to announce that Google & government of Telangana have inked an MoU to build their largest campus (outside the US) in Hyderabad," Tweeted Rama Rao, who is currently on a visit to the US.
"First campus in Asia. 2 million sq ft space would be built. Investment of Rs 1,000 crore and in four years employee size to double from 6,500 to 13,000," the minister said.
Vice president, real estate & workplace at Google, David Radcliffe, and Telangana IT secretary Jayesh Ranjan signed the MoU at Google headquarters in Mountain View, California, he added.
Chinese daily accuses Modi of 'playing little tricks' to boost his domestic image
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BEIJING: Ahead of Prime Minister Narendra Modi's visit to China, a state-run newspaper on Tuesday carried a highly critical article, accusing him of "playing little tricks" over the border dispute and security issues against China to boost his domestic prestige.
"Ever since Modi assumed office, he has taken the initiative to actively develop India's relationships with Japan, the US, and European countries in no time, in order to promote the country's poor infrastructure construction and economic development.
"But his diplomatic moves last year have proven that he is a pragmatist, rather than a visionary," said the article 'Can Modi's visit upgrade Sino-Indian ties?' by Hu Zhiyong, a research fellow at the Shanghai Academy of Social Sciences, published in the state-run Global Times.
Observers say the article in the newspaper, a sister publication of the ruling Communist Party of China, strikes a sour note ahead of Modi's first visit here from May 14 to 16 after taking over as the Prime Minister.
Citing historical feud and mutual mistrust that stems from geopolitics, the article said the two sides have never established real strategic trust.
"Leaders from both China and India should not only strengthen mutual political trust, but also stick to a series of agreed principles and match their rhetoric with action," it said.
"In light of this, Modi should no longer visit the disputed border region (Arunachal Pradesh) in pursuit of his own political interests, nor should he deliver any remarks that infringe on the consensus on bilateral ties," it added.
"Meanwhile, the Indian government should completely stop supporting the Dalai Lama, and stop making the Tibetan issue a stumbling block to the Sino-Indian relationship."
The paper is critical of Modi's neighbourhood policy. "Modi has been busy strengthening India's ties with neighbouring countries to compete with China, while trying to take advantage of the tremendous opportunities for economic development created by China" with its Silk Road projects, it said ahead of Modi's talks with the Chinese leadership.
"Modi has also been playing little tricks over border disputes and security issues, hoping to boost his domestic prestige while increasing his leverage in negotiations with China," it added.
BEIJING: Ahead of Prime Minister Narendra Modi's visit to China, a state-run newspaper on Tuesday carried a highly critical article, accusing him of "playing little tricks" over the border dispute and security issues against China to boost his domestic prestige. "Ever since Modi assumed office, he has taken the initiative to actively develop India's relationships with Japan, the US, and European countries in no time, in order to promote the country's poor infrastructure construction and economic development.
"But his diplomatic moves last year have proven that he is a pragmatist, rather than a visionary," said the article 'Can Modi's visit upgrade Sino-Indian ties?' by Hu Zhiyong, a research fellow at the Shanghai Academy of Social Sciences, published in the state-run Global Times.
Observers say the article in the newspaper, a sister publication of the ruling Communist Party of China, strikes a sour note ahead of Modi's first visit here from May 14 to 16 after taking over as the Prime Minister.
Citing historical feud and mutual mistrust that stems from geopolitics, the article said the two sides have never established real strategic trust.
"Leaders from both China and India should not only strengthen mutual political trust, but also stick to a series of agreed principles and match their rhetoric with action," it said.
"In light of this, Modi should no longer visit the disputed border region (Arunachal Pradesh) in pursuit of his own political interests, nor should he deliver any remarks that infringe on the consensus on bilateral ties," it added.
"Meanwhile, the Indian government should completely stop supporting the Dalai Lama, and stop making the Tibetan issue a stumbling block to the Sino-Indian relationship."
The paper is critical of Modi's neighbourhood policy. "Modi has been busy strengthening India's ties with neighbouring countries to compete with China, while trying to take advantage of the tremendous opportunities for economic development created by China" with its Silk Road projects, it said ahead of Modi's talks with the Chinese leadership.
"Modi has also been playing little tricks over border disputes and security issues, hoping to boost his domestic prestige while increasing his leverage in negotiations with China," it added.
Retail inflation eases to 4-month low of 4.87% in April
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NEW DELHI: The consumer price inflation eased to a four-month low of 4.87 per cent in April, on slower annual increases in food costs, government data showed on Tuesday.
The data compared with a 4.90 per cent annual rise predicted by analysts in a Reuters poll and March's upwardly revised figure of 5.25 per cent.
Consumer food price inflation dropped to 5.11 per cent last month from 6.14 per cent in March.
NEW DELHI: The consumer price inflation eased to a four-month low of 4.87 per cent in April, on slower annual increases in food costs, government data showed on Tuesday.
The data compared with a 4.90 per cent annual rise predicted by analysts in a Reuters poll and March's upwardly revised figure of 5.25 per cent.
Consumer food price inflation dropped to 5.11 per cent last month from 6.14 per cent in March.
The data compared with a 4.90 per cent annual rise predicted by analysts in a Reuters poll and March's upwardly revised figure of 5.25 per cent.
Consumer food price inflation dropped to 5.11 per cent last month from 6.14 per cent in March.
US trashes claim that ISI revealed Osama's hideout
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WASHINGTON: The US has rejected as "inaccurate" and "baseless" a claim by a top American investigative journalist that a Pakistani intelligence officer provided inputs to CIA about the hideout of al-Qaida chief Osama bin Laden, who was later killed in a raid by Navy Seals.
American investigative journalist Seymour M Hersh had claimed that the Pakistani officer disclosed the hideout of Osama to the CIA in exchange for a $25 million bounty on the head of the al-Qaida chief, who was living as a prisoner under ISI protection in the garrison town of Abbottabad.
"I can tell you that the White House is not the only one to observe that the story is riddled with inaccuracies and outright falsehoods," White House Press Secretary Josh Earnest said yesterday.
"The former Deputy Director of the CIA, Mike Morell, has said that every sentence was wrong. And, Peter Bergen, a security analyst for CNN, described the story as being about 10,000 words in length; and he said, based on reading it, that what's true in the story isn't new, and what's new in the story isn't true. So I thought that was a pretty good way of describing why no one here is particularly concerned about it," Earnest said in response to a question.
White House National Security Council spokesman Edward Price said, "there are too many inaccuracies and baseless assertions in this piece to fact check each one."
Talking to reporters, Price said, "Nevertheless, the notion that the operation that killed Osama bin Laden was anything but a unilateral US mission is patently false."
"As we said at the time, knowledge of this operation was confined to a very small circle of senior US officials. The President decided early on not to inform any other government, including the Pakistani government, which was not notified until after the raid had occurred. We had been and continue to be partners with Pakistan in our joint effort to destroy al-Qaida, but this was a US operation through and through," the spokesman said.
Meanwhile, American TV network NBC News also reported that the Pakistani government knew the whereabouts of Osama.
In a news report - based on unnamed sources - it claimed that a former Pakistani intelligence official was the one who provided information about the hiding point of Osama.
The Pentagon also strongly refuted the new versions describing them as an act of fiction and lies.
Pentagon spokesperson Lt Col Steve Warren told reporters that the new account had "too many inaccuracies" and was "largely a fabrication".
Republican Senator John McCain supported the Administration's version.
"I simply have never heard of anything like this and I've been briefed several times. This was a great success on the part of the administration and something that we all admire the president's decision to do," he said.
WASHINGTON: The US has rejected as "inaccurate" and "baseless" a claim by a top American investigative journalist that a Pakistani intelligence officer provided inputs to CIA about the hideout of al-Qaida chief Osama bin Laden, who was later killed in a raid by Navy Seals. American investigative journalist Seymour M Hersh had claimed that the Pakistani officer disclosed the hideout of Osama to the CIA in exchange for a $25 million bounty on the head of the al-Qaida chief, who was living as a prisoner under ISI protection in the garrison town of Abbottabad.
"I can tell you that the White House is not the only one to observe that the story is riddled with inaccuracies and outright falsehoods," White House Press Secretary Josh Earnest said yesterday.
"The former Deputy Director of the CIA, Mike Morell, has said that every sentence was wrong. And, Peter Bergen, a security analyst for CNN, described the story as being about 10,000 words in length; and he said, based on reading it, that what's true in the story isn't new, and what's new in the story isn't true. So I thought that was a pretty good way of describing why no one here is particularly concerned about it," Earnest said in response to a question.
White House National Security Council spokesman Edward Price said, "there are too many inaccuracies and baseless assertions in this piece to fact check each one."
Talking to reporters, Price said, "Nevertheless, the notion that the operation that killed Osama bin Laden was anything but a unilateral US mission is patently false."
"As we said at the time, knowledge of this operation was confined to a very small circle of senior US officials. The President decided early on not to inform any other government, including the Pakistani government, which was not notified until after the raid had occurred. We had been and continue to be partners with Pakistan in our joint effort to destroy al-Qaida, but this was a US operation through and through," the spokesman said.
Meanwhile, American TV network NBC News also reported that the Pakistani government knew the whereabouts of Osama.
In a news report - based on unnamed sources - it claimed that a former Pakistani intelligence official was the one who provided information about the hiding point of Osama.
The Pentagon also strongly refuted the new versions describing them as an act of fiction and lies.
Pentagon spokesperson Lt Col Steve Warren told reporters that the new account had "too many inaccuracies" and was "largely a fabrication".
Republican Senator John McCain supported the Administration's version.
"I simply have never heard of anything like this and I've been briefed several times. This was a great success on the part of the administration and something that we all admire the president's decision to do," he said.
GENERAL AWARENESS PRACTICE MCQs FOR ALL BANK EXAMS
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1. Proportional Reserve System was replaced in 1956 by Minimum of Foreign Reserve System. It means....
1) RBI to hold assets minimum of Rs. 515 crores worth of foreign reserves in which Rs. 115 Cr. of gold and Rs. 400 Cr. of foreign securities must be maintained.
2) RBI to hold assets minimum of Rs. 515 crores worth of foreign reserves in which Rs. 115 Cr. of gold and Rs. 400 Cr. Dollars must be maintained.
3) RBI to hold assets minimum of Rs. 515 crores worth of foreign reserves in which Rs. 400 Cr. of gold and Rs. 115 Cr. of foreign securities must be maintained.
4) RBI to hold assets minimum of Rs. 515 crores worth of foreign reserves in which Rs. 200 Cr. of gold and Rs. 315 Cr. of foreign direct investments.
5) RBI to hold assets minimum of Rs. 515 crores worth of foreign reserves in any mode.
2. 1956 Minimum of Foreign Reserve System of RBI was diluted in 1957. It says .....
1) RBI should maintain Rs. 115 crore worth of Gold.
2) RBI should maintain Rs. 150 crore worth of Gold and Rs. 450 Cr. worth of Government bonds.
3) RBI should maintain Rs. 1000 Cr. worth of Gold or Rs. 1000 crore worth of Government securities.
4) RBI should maintain Rs. 100 Cr. worth of Gold or Rs. 1000 crore worth of foreign securities.
5) RBI need not maintain any worth of Gold or Government securities.
3. Currency paper is composed of ......
1) Flax seed pulp
2) Soya seed pulp
3) Cotton and cotton rag
4) Jute
5) None
4. Who determines the denominations of Paper currency?
1) RBI
2) Ministry of Commerce
3) Government of India
4) Deputy Governor
5) None of above
5. To cancel the disadvantages of Paper Currency Plastic currency mooted. Which is the first country to mint Plastic money?
1) India
2) New Zealand
3) China
4) Spain
5) Australia
6. India moots to mint ........ rupee plastic money first?
1) 5
2) 2
3) 100
4) 10
5) 500
7. In the five cities/ towns, the Rs. 10 plastic paper currency to be introduced for the valuation of up to Rs. 100 crores. They are Kochi, Mysore, Bhubaneswar, Jaipur and....
1) New Delhi
2) Hyderabad
3) Visakhapatnam
4) Shimla
5) Pune
8.Virtual Currency is .....
1) coins
2) Bit coin
3) Rs. 1000 currency note
4) Rs. 1 coin
5) None
9. Bit coin invented by ........
1) John Shepherd - Barron
2) Satoshi Nakamoto
3) Tim Berners-Lee
4) Charles Babbage
5) None of above
10. Who has the sole right to mint coins in India?
1) RBI
2) MMTC
3) Government of India
4) SBI
5) Department of Post
11. Whose signature appears on coins?
1) President of India
2) RBI Governor
3) Finance Secretary
4) RBI Deputy Governor
5) Coins do not bear the signature
12. Whether all banks accept coins in India though mint by government of India?
1) accept by asking the customer give the undertaking
2) Never accept
3) Yes, accept
4) Accept, tell the customer that the bank return any time
5) Accept at the lower value
13. Which rupee coin has largest circulation in India?
1) 2
2) 5
3) 1
4) 10
5) None
14. Which committee suggested for the high denomination of Coins in Indian Circulation?
1) C. Rangarajan
2) Bimal Jalan
3) Tarapore
4) Chandulal
5) Malegam
15. Maximum punishment for melting or destruction of coins would be increased from 5 years to ..... years of imprisonment?
1) 4
2) 9
3) 7
4) 10
5) 16
16. Coins in India are presently being issued for the circulation in denominations of 50 paise, one rupee, two rupees, five rupees and ...
1) two hundred rupees
2) hundred rupees
3) ten rupees
4) twenty rupees
5) None
17. Familiar metal using to mint coins of India these days is.....
1) Stainless Steel
2) Gold
3) Silver
4) Copper
5) Brass
18. ......... become the 19th country to adopt Euro as a Single currency from 1 January 2015?
1) Croatia
2) Lithuania
3) Latvia
4) Mexico
5) South Sudan
ANSWERS:
1-1, 2-1, 3-3, 4-3, 5-5, 6-4, 7-4, 8-2, 9-2, 10-3
11-5, 12-3, 13-3, 14-3, 15-3, 16-3, 17-1, 18-2
1. Proportional Reserve System was replaced in 1956 by Minimum of Foreign Reserve System. It means....
1) RBI to hold assets minimum of Rs. 515 crores worth of foreign reserves in which Rs. 115 Cr. of gold and Rs. 400 Cr. of foreign securities must be maintained.
2) RBI to hold assets minimum of Rs. 515 crores worth of foreign reserves in which Rs. 115 Cr. of gold and Rs. 400 Cr. Dollars must be maintained.
3) RBI to hold assets minimum of Rs. 515 crores worth of foreign reserves in which Rs. 400 Cr. of gold and Rs. 115 Cr. of foreign securities must be maintained.
4) RBI to hold assets minimum of Rs. 515 crores worth of foreign reserves in which Rs. 200 Cr. of gold and Rs. 315 Cr. of foreign direct investments.
5) RBI to hold assets minimum of Rs. 515 crores worth of foreign reserves in any mode.
2. 1956 Minimum of Foreign Reserve System of RBI was diluted in 1957. It says .....
1) RBI should maintain Rs. 115 crore worth of Gold.
2) RBI should maintain Rs. 150 crore worth of Gold and Rs. 450 Cr. worth of Government bonds.
3) RBI should maintain Rs. 1000 Cr. worth of Gold or Rs. 1000 crore worth of Government securities.
4) RBI should maintain Rs. 100 Cr. worth of Gold or Rs. 1000 crore worth of foreign securities.
5) RBI need not maintain any worth of Gold or Government securities.
3. Currency paper is composed of ......
1) Flax seed pulp
2) Soya seed pulp
3) Cotton and cotton rag
4) Jute
5) None
4. Who determines the denominations of Paper currency?
1) RBI
2) Ministry of Commerce
3) Government of India
4) Deputy Governor
5) None of above
5. To cancel the disadvantages of Paper Currency Plastic currency mooted. Which is the first country to mint Plastic money?
1) India
2) New Zealand
3) China
4) Spain
5) Australia
6. India moots to mint ........ rupee plastic money first?
1) 5
2) 2
3) 100
4) 10
5) 500
7. In the five cities/ towns, the Rs. 10 plastic paper currency to be introduced for the valuation of up to Rs. 100 crores. They are Kochi, Mysore, Bhubaneswar, Jaipur and....
1) New Delhi
2) Hyderabad
3) Visakhapatnam
4) Shimla
5) Pune
8.Virtual Currency is .....
1) coins
2) Bit coin
3) Rs. 1000 currency note
4) Rs. 1 coin
5) None
9. Bit coin invented by ........
1) John Shepherd - Barron
2) Satoshi Nakamoto
3) Tim Berners-Lee
4) Charles Babbage
5) None of above
10. Who has the sole right to mint coins in India?
1) RBI
2) MMTC
3) Government of India
4) SBI
5) Department of Post
11. Whose signature appears on coins?
1) President of India
2) RBI Governor
3) Finance Secretary
4) RBI Deputy Governor
5) Coins do not bear the signature
12. Whether all banks accept coins in India though mint by government of India?
1) accept by asking the customer give the undertaking
2) Never accept
3) Yes, accept
4) Accept, tell the customer that the bank return any time
5) Accept at the lower value
13. Which rupee coin has largest circulation in India?
1) 2
2) 5
3) 1
4) 10
5) None
14. Which committee suggested for the high denomination of Coins in Indian Circulation?
1) C. Rangarajan
2) Bimal Jalan
3) Tarapore
4) Chandulal
5) Malegam
15. Maximum punishment for melting or destruction of coins would be increased from 5 years to ..... years of imprisonment?
1) 4
2) 9
3) 7
4) 10
5) 16
16. Coins in India are presently being issued for the circulation in denominations of 50 paise, one rupee, two rupees, five rupees and ...
1) two hundred rupees
2) hundred rupees
3) ten rupees
4) twenty rupees
5) None
17. Familiar metal using to mint coins of India these days is.....
1) Stainless Steel
2) Gold
3) Silver
4) Copper
5) Brass
18. ......... become the 19th country to adopt Euro as a Single currency from 1 January 2015?
1) Croatia
2) Lithuania
3) Latvia
4) Mexico
5) South Sudan
ANSWERS:
1-1, 2-1, 3-3, 4-3, 5-5, 6-4, 7-4, 8-2, 9-2, 10-3
11-5, 12-3, 13-3, 14-3, 15-3, 16-3, 17-1, 18-2
1) RBI to hold assets minimum of Rs. 515 crores worth of foreign reserves in which Rs. 115 Cr. of gold and Rs. 400 Cr. of foreign securities must be maintained.
2) RBI to hold assets minimum of Rs. 515 crores worth of foreign reserves in which Rs. 115 Cr. of gold and Rs. 400 Cr. Dollars must be maintained.
3) RBI to hold assets minimum of Rs. 515 crores worth of foreign reserves in which Rs. 400 Cr. of gold and Rs. 115 Cr. of foreign securities must be maintained.
4) RBI to hold assets minimum of Rs. 515 crores worth of foreign reserves in which Rs. 200 Cr. of gold and Rs. 315 Cr. of foreign direct investments.
5) RBI to hold assets minimum of Rs. 515 crores worth of foreign reserves in any mode.
2. 1956 Minimum of Foreign Reserve System of RBI was diluted in 1957. It says .....
1) RBI should maintain Rs. 115 crore worth of Gold.
2) RBI should maintain Rs. 150 crore worth of Gold and Rs. 450 Cr. worth of Government bonds.
3) RBI should maintain Rs. 1000 Cr. worth of Gold or Rs. 1000 crore worth of Government securities.
4) RBI should maintain Rs. 100 Cr. worth of Gold or Rs. 1000 crore worth of foreign securities.
5) RBI need not maintain any worth of Gold or Government securities.
3. Currency paper is composed of ......
1) Flax seed pulp
2) Soya seed pulp
3) Cotton and cotton rag
4) Jute
5) None
4. Who determines the denominations of Paper currency?
1) RBI
2) Ministry of Commerce
3) Government of India
4) Deputy Governor
5) None of above
5. To cancel the disadvantages of Paper Currency Plastic currency mooted. Which is the first country to mint Plastic money?
1) India
2) New Zealand
3) China
4) Spain
5) Australia
6. India moots to mint ........ rupee plastic money first?
1) 5
2) 2
3) 100
4) 10
5) 500
7. In the five cities/ towns, the Rs. 10 plastic paper currency to be introduced for the valuation of up to Rs. 100 crores. They are Kochi, Mysore, Bhubaneswar, Jaipur and....
1) New Delhi
2) Hyderabad
3) Visakhapatnam
4) Shimla
5) Pune
8.Virtual Currency is .....
1) coins
2) Bit coin
3) Rs. 1000 currency note
4) Rs. 1 coin
5) None
9. Bit coin invented by ........
1) John Shepherd - Barron
2) Satoshi Nakamoto
3) Tim Berners-Lee
4) Charles Babbage
5) None of above
10. Who has the sole right to mint coins in India?
1) RBI
2) MMTC
3) Government of India
4) SBI
5) Department of Post
11. Whose signature appears on coins?
1) President of India
2) RBI Governor
3) Finance Secretary
4) RBI Deputy Governor
5) Coins do not bear the signature
12. Whether all banks accept coins in India though mint by government of India?
1) accept by asking the customer give the undertaking
2) Never accept
3) Yes, accept
4) Accept, tell the customer that the bank return any time
5) Accept at the lower value
13. Which rupee coin has largest circulation in India?
1) 2
2) 5
3) 1
4) 10
5) None
14. Which committee suggested for the high denomination of Coins in Indian Circulation?
1) C. Rangarajan
2) Bimal Jalan
3) Tarapore
4) Chandulal
5) Malegam
15. Maximum punishment for melting or destruction of coins would be increased from 5 years to ..... years of imprisonment?
1) 4
2) 9
3) 7
4) 10
5) 16
16. Coins in India are presently being issued for the circulation in denominations of 50 paise, one rupee, two rupees, five rupees and ...
1) two hundred rupees
2) hundred rupees
3) ten rupees
4) twenty rupees
5) None
17. Familiar metal using to mint coins of India these days is.....
1) Stainless Steel
2) Gold
3) Silver
4) Copper
5) Brass
18. ......... become the 19th country to adopt Euro as a Single currency from 1 January 2015?
1) Croatia
2) Lithuania
3) Latvia
4) Mexico
5) South Sudan
ANSWERS:
1-1, 2-1, 3-3, 4-3, 5-5, 6-4, 7-4, 8-2, 9-2, 10-3
11-5, 12-3, 13-3, 14-3, 15-3, 16-3, 17-1, 18-2
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