Maharashtra Bureaucrats Consult Governor on Yakub Memon's Mercy Plea
-
MUMBAI: Two senior bureaucrats of Maharashtra met Governor C Vidyasagar Rao on Saturday morning to discuss the mercy petition moved by '93 blasts convict Yakub Memon, who is to be executed on July 30.
Additional Chief Secretary (Home) K P Bakshi and Principal Secretary (Law and Judiciary) M A Sayeed had a hour-long meeting with the Governor to help the governor decide on his fresh mercy petition.
Memon's mercy plea was rejected in May 2014 by President Pranab Mukherjee. His last-minute appeal against capital punishment was rejected by the top court just two days ago.
He has filed a fresh appeal in Supreme Court a for stay on the execution, which the court is likely to hear on July 27.
In the plea, Memon said the death warrant was issued before he had exhausted all legal remedies.
The Maharashtra government has said it will follow the directions of the apex court.
The death warrant for Memon has created a controversy, with Asaduddin Owaisi, the president of All India Majlis-e-Ittehadul Muslimeen, saying yesterday that the killers of Rajiv Gandhi and Beant Singh "have the backing of respective political parties", so they have not been executed.
"Bringing religion into Yakub's death sentence case does not make much sense," said Uddhav Thackeray, the president of the state's ruling ally Shiv Sena.
"The people who died also had a religion. Such comments should be ignored and not taken into consideration," he added.
Of the 11 people convicted in the case, Memon alone has been given the death sentence. He has spent over two decades in jail and has said repeatedly in court that he was unaware of the conspiracy that was reportedly masterminded by his brother, Tiger, and Dawood Ibrahim, who have been on the run since 1993.
MUMBAI: Two senior bureaucrats of Maharashtra met Governor C Vidyasagar Rao on Saturday morning to discuss the mercy petition moved by '93 blasts convict Yakub Memon, who is to be executed on July 30.Additional Chief Secretary (Home) K P Bakshi and Principal Secretary (Law and Judiciary) M A Sayeed had a hour-long meeting with the Governor to help the governor decide on his fresh mercy petition.
Memon's mercy plea was rejected in May 2014 by President Pranab Mukherjee. His last-minute appeal against capital punishment was rejected by the top court just two days ago.
He has filed a fresh appeal in Supreme Court a for stay on the execution, which the court is likely to hear on July 27.
In the plea, Memon said the death warrant was issued before he had exhausted all legal remedies.
The Maharashtra government has said it will follow the directions of the apex court.
The death warrant for Memon has created a controversy, with Asaduddin Owaisi, the president of All India Majlis-e-Ittehadul Muslimeen, saying yesterday that the killers of Rajiv Gandhi and Beant Singh "have the backing of respective political parties", so they have not been executed.
"Bringing religion into Yakub's death sentence case does not make much sense," said Uddhav Thackeray, the president of the state's ruling ally Shiv Sena.
"The people who died also had a religion. Such comments should be ignored and not taken into consideration," he added.
9 People Held in Delhi With Drugs Worth Rs. 6 Crore
-
NEW DELHI: Nine people, including three Nigerians, have been arrested from different parts of the national capital and drugs valued at Rs. 6 crore in the international market recovered from their possession, police said on Saturday.
The seized drugs include 100 kg cannabis, 905 gram heroin and 65 gram cocaine.
Parvej Khan, 32 and Javed, 36, were arrested from a bus stand on National Highway 24 on Wednesday and 100 kg cannabis (ganja) was recovered from their possession.
"The value of the recovered cannabis is Rs. 50 lakh in the international market," Joint Commissioner of Police (Crime Branch) Ravindra Yadav said.
Anthony Umeh, 25 and Agbahia Ikenna, 30, both residing in Delhi and smuggling heroin into India, were held on Thursday from west Delhi's Uttam Nagar.
Mr Yadav said 800 gram heroin worth Rs. 1.6 crore in the international market was recovered from them. The heroin was destined for the US and was concealed in courier packets of embroidery.
A team of the Anti-Narcotics Cell arrested Raibul from south Delhi's New Friends Colony area with 105 gram heroin worth Rs. 22 lakh, he said.
Mohd Raibul, 22, Ubabueze Chijioke Emmaunle, 25, Rahul Chaudhary, 31, Anshuman Tiwari, 27 were arrested from west Delhi's Rohini with 60 gram cocaine worth Rs. 65 lakh.
The seized drugs include 100 kg cannabis, 905 gram heroin and 65 gram cocaine.
Parvej Khan, 32 and Javed, 36, were arrested from a bus stand on National Highway 24 on Wednesday and 100 kg cannabis (ganja) was recovered from their possession.
"The value of the recovered cannabis is Rs. 50 lakh in the international market," Joint Commissioner of Police (Crime Branch) Ravindra Yadav said.
Anthony Umeh, 25 and Agbahia Ikenna, 30, both residing in Delhi and smuggling heroin into India, were held on Thursday from west Delhi's Uttam Nagar.
Mr Yadav said 800 gram heroin worth Rs. 1.6 crore in the international market was recovered from them. The heroin was destined for the US and was concealed in courier packets of embroidery.
A team of the Anti-Narcotics Cell arrested Raibul from south Delhi's New Friends Colony area with 105 gram heroin worth Rs. 22 lakh, he said.
Mohd Raibul, 22, Ubabueze Chijioke Emmaunle, 25, Rahul Chaudhary, 31, Anshuman Tiwari, 27 were arrested from west Delhi's Rohini with 60 gram cocaine worth Rs. 65 lakh.
Economic Cooperation With Neighbours Must for Prosperous Eastern India: Bibek Debroy
-
KOLKATA: Observing that India cannot grow without the development of its eastern parts, economist and NITI Aayog member Bibek Debroy on Saturday said economic integration with neighbouring countries was imperative for the prosperity of the region.
Speaking at an Indian Chamber of Commerce organised event in Kolkata, Mr Debroy said the region's potential lies in agriculture and not manufacturing alone.
"India cannot grow at the desired level until the eastern parts of India also grow. By eastern part I mean, eastern part of UP, Bihar, Jharkhand, Odisha, West Bengal and the entire north eastern region.
"The eastern part of the country can only prosper when economic integration happens with neighbouring countries like Nepal, Bangladesh, Bhutan, Myanmar, (others in) southeast Asia and even parts of China," he said.
Asserting that 'Make in India' doesn't means manufacturing alone, Mr Debroy said decentralisation of governance and development of physical infrastructure was essential for the region to grow.
"There is enormous amount of slack as well potential in West Bengal. But that doesn't mean, to grow it has to manufacture in the strict corporate sense of manufacturing. Make in India doesn't necessarily mean manufacturing alone.
"The great growth potential of this part lies in agriculture and agr0based stuff, because that is where the slack is the largest," he said.
Claiming there was excessive government interference, Mr Debroy said decentralization was essential for effective distribution of public goods and services.
"If the public good and services are delivered efficiently then there is no need for subsidies. To ensure efficient delivery of public goods and services, it is extremely important to emphasize on the need for decentralization and devolution not only within the central and state governments but also down to the local governments.
"Since the past 60 years, there is an excessive degree of govern interference and one of the tasks of reforms is to reduce this malign role of the government," added Mr Debroy.
KOLKATA: Observing that India cannot grow without the development of its eastern parts, economist and NITI Aayog member Bibek Debroy on Saturday said economic integration with neighbouring countries was imperative for the prosperity of the region.Speaking at an Indian Chamber of Commerce organised event in Kolkata, Mr Debroy said the region's potential lies in agriculture and not manufacturing alone.
"India cannot grow at the desired level until the eastern parts of India also grow. By eastern part I mean, eastern part of UP, Bihar, Jharkhand, Odisha, West Bengal and the entire north eastern region.
"The eastern part of the country can only prosper when economic integration happens with neighbouring countries like Nepal, Bangladesh, Bhutan, Myanmar, (others in) southeast Asia and even parts of China," he said.
Asserting that 'Make in India' doesn't means manufacturing alone, Mr Debroy said decentralisation of governance and development of physical infrastructure was essential for the region to grow.
"There is enormous amount of slack as well potential in West Bengal. But that doesn't mean, to grow it has to manufacture in the strict corporate sense of manufacturing. Make in India doesn't necessarily mean manufacturing alone.
"The great growth potential of this part lies in agriculture and agr0based stuff, because that is where the slack is the largest," he said.
Claiming there was excessive government interference, Mr Debroy said decentralization was essential for effective distribution of public goods and services.
"If the public good and services are delivered efficiently then there is no need for subsidies. To ensure efficient delivery of public goods and services, it is extremely important to emphasize on the need for decentralization and devolution not only within the central and state governments but also down to the local governments.
"Since the past 60 years, there is an excessive degree of govern interference and one of the tasks of reforms is to reduce this malign role of the government," added Mr Debroy.
CBSE Re-Conducts All India Pre-Medical Test Successfully
-
NEW DELHI: CBSE on Saturday "successfully" conducted the All India Pre-Medical Test (AIPMT) for medical and dental courses after the Supreme Court cancelled the examination held on May 3 following the leak of the question paper.
"In compliance of the orders of the Supreme Court, the Central Board of Secondary Education conducted the AIPMT examination today (Saturday) successfully without any untoward incident," the board said in a statement.
"A total of 6,32,625 candidates were registered for this examination, out of which only 4,22,859 candidates downloaded the admit card. The examination was conducted at 1,065 centres in 50 cities throughout the country and abroad," it added.
The board said it made "strict security arrangements" to ensure fair conduct of the examination and all candidates were frisked before the test.
The Supreme Court cancelled the May 3 examination following the leak of the question paper and circulation of the answer keys through electronic devices across 10 states.
The court, by its June 15 verdict, while cancelling the examination held on May 3, had given CBSE four weeks time to re-conduct the examination and declare the result.
NEW DELHI: CBSE on Saturday "successfully" conducted the All India Pre-Medical Test (AIPMT) for medical and dental courses after the Supreme Court cancelled the examination held on May 3 following the leak of the question paper."In compliance of the orders of the Supreme Court, the Central Board of Secondary Education conducted the AIPMT examination today (Saturday) successfully without any untoward incident," the board said in a statement.
The board said it made "strict security arrangements" to ensure fair conduct of the examination and all candidates were frisked before the test.
The Supreme Court cancelled the May 3 examination following the leak of the question paper and circulation of the answer keys through electronic devices across 10 states.
The court, by its June 15 verdict, while cancelling the examination held on May 3, had given CBSE four weeks time to re-conduct the examination and declare the result.
India-Maldives Ties Will Continue to Flourish: President Pranab Mukherjee
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NEW DELHI: President Pranab Mukherjee on Saturday expressed confidence that "traditional ties of friendship and cooperation" between India and Maldives will continue to flourish.
In a message to Maldivian President Abdulla Yameen Abdul Gayoom on the country's Independence Day (July 26), President Mukherjee said: "I am confident that the traditional ties of friendship and cooperation that exists between two countries will continue to flourish in the years ahead.
"I have great pleasure in extending my warm greetings and best wishes to you and to the friendly people of Maldives on the occasion of your Independence Day and completion of fifty years as an independent nation."
"This year also marks the golden jubilee year of the establishment of diplomatic relations between our two countries. Please accept, my best wishes for your good health and personal well-being," President Mukherjee said in a statement.
NEW DELHI: President Pranab Mukherjee on Saturday expressed confidence that "traditional ties of friendship and cooperation" between India and Maldives will continue to flourish.In a message to Maldivian President Abdulla Yameen Abdul Gayoom on the country's Independence Day (July 26), President Mukherjee said: "I am confident that the traditional ties of friendship and cooperation that exists between two countries will continue to flourish in the years ahead.
"I have great pleasure in extending my warm greetings and best wishes to you and to the friendly people of Maldives on the occasion of your Independence Day and completion of fifty years as an independent nation."
"This year also marks the golden jubilee year of the establishment of diplomatic relations between our two countries. Please accept, my best wishes for your good health and personal well-being," President Mukherjee said in a statement.
Work Hard for Second Green Revolution: PM Modi Tells Scientists
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PATNA, BIHAR: Prime Minister Narendra Modi on Saturday urged the country's agriculture scientists to work hard for ensuring India's second Green Revolution.
"There is no time to further delay it. We have to brace ourselves for the second Green Revolution," PM Modi said in his address at the foundation day function of the Indian Council of Agricultural Research in Patna.
"All agriculture scientists should work jointly for the second green revolution for the country," he told scientists who gathered here from across the country.
He said the first green revolution was for producing food grains in the country to get rid of over dependent on their import but the aim of the second green revolution would be different.
He asked the agriculture scientists to research in their labs to increase yield per acre and to connect farmers with latest scientific research.
PM Modi said Bihar's fertile land was suitable for the second green revolution. "In Bihar, there is special attraction and additional power for the agriculture."
PM Modi, on a day-long visit to Bihar, said organic food and honey have big market globally and our farmers could encourage to produce both items to increase their earnings.
"There is no time to further delay it. We have to brace ourselves for the second Green Revolution," PM Modi said in his address at the foundation day function of the Indian Council of Agricultural Research in Patna.
He said the first green revolution was for producing food grains in the country to get rid of over dependent on their import but the aim of the second green revolution would be different.
He asked the agriculture scientists to research in their labs to increase yield per acre and to connect farmers with latest scientific research.
PM Modi said Bihar's fertile land was suitable for the second green revolution. "In Bihar, there is special attraction and additional power for the agriculture."
PM Modi, on a day-long visit to Bihar, said organic food and honey have big market globally and our farmers could encourage to produce both items to increase their earnings.
Narendra Modi Attempting to Create Divide Between Nitish Kumar and Me: Lalu Prasad
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PATNA, BIHAR: RJD chief Lalu Prasad on Saturday accused Prime Minister Narendra Modi of trying to create differences between him and Bihar Chief Minister Nitish Kumar.
After PM Modi lauded Nitish Kumar but targeted him and the Congress on Bihar's development, the former chief minister said: "Narendra Modi is lauding one of us and attacking another. It is a clear strategy to divide us. But it will never succeed."
Nitish Kumar's Janata Dal-United, Lalu Prasad's Rashtriya Janata Dal, the Congress and the Nationalist Congress Party have formed an alliance against the BJP in the upcoming Bihar assembly election.
PATNA, BIHAR: RJD chief Lalu Prasad on Saturday accused Prime Minister Narendra Modi of trying to create differences between him and Bihar Chief Minister Nitish Kumar.After PM Modi lauded Nitish Kumar but targeted him and the Congress on Bihar's development, the former chief minister said: "Narendra Modi is lauding one of us and attacking another. It is a clear strategy to divide us. But it will never succeed."
Nitish Kumar's Janata Dal-United, Lalu Prasad's Rashtriya Janata Dal, the Congress and the Nationalist Congress Party have formed an alliance against the BJP in the upcoming Bihar assembly election.
Saudi-Led Raid kill at Least 35 in South Yemen: Medics
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SANAA: At least 35 civilians have been killed and dozens wounded in a Saudi-led coalition air raid in south western Yemen, medical sources said today.
Women and children were among those killed in the Friday night strike in the town of Mokhba, close to the third city of Taez, the sources said.
The raid hit a residential neighbourhood where employees of the town's power station lived, according to residents.
They said several houses were destroyed and that dozens of people were wounded.
The Saba press agency, controlled by the Huthi rebels that have seized control of the capital and much of central Yemen, reported that 55 people were killed in the attack, which it denounced as a "Saudi crime".
Some witnesses said the neighbourhood in Mokhba had been targeted by mistake, although others alleged that the Huthis had taken up positions in the area.
In March, the coalition launched strikes on rebel positions after the Huthis swept into Sanaa and pushed south towards the port city of Aden, where President Abedrabbo Mansour Hadi had taken refuge before fleeing to Riyadh.
Coalition jets carried out fresh raids overnight on Huthi positions across Yemen, including around Aden, military sources said.
The United Nations says the conflict has killed more than 3,640 people, around half of them civilians, since late March.
Women and children were among those killed in the Friday night strike in the town of Mokhba, close to the third city of Taez, the sources said.
The raid hit a residential neighbourhood where employees of the town's power station lived, according to residents.
They said several houses were destroyed and that dozens of people were wounded.
The Saba press agency, controlled by the Huthi rebels that have seized control of the capital and much of central Yemen, reported that 55 people were killed in the attack, which it denounced as a "Saudi crime".
Some witnesses said the neighbourhood in Mokhba had been targeted by mistake, although others alleged that the Huthis had taken up positions in the area.
In March, the coalition launched strikes on rebel positions after the Huthis swept into Sanaa and pushed south towards the port city of Aden, where President Abedrabbo Mansour Hadi had taken refuge before fleeing to Riyadh.
Coalition jets carried out fresh raids overnight on Huthi positions across Yemen, including around Aden, military sources said.
The United Nations says the conflict has killed more than 3,640 people, around half of them civilians, since late March.
BANKING AWARENESS PRACTICE QUESTIONS FOR ALL EXAMS
-
1. The main function of an Asset Management Company is to:
a) hold the securities of various schemes
b) manage the funds by making investments in various types of securities
c) hold its property for the benefit of the unit holders
d) act on behalf of SEBI
e) All the above
------------------------------------------------------------------------------------------
2. What is the purpose of reduction in Cash Reserve Ratio (CRR)?
a) Reduce Credit Flow
b) Enhance Credit Flow
c) Enhance availability of cash
d) Reduce Cash transactions
e) None of the above
------------------------------------------------------------------------------------------
3. In India, conventionally, bonds are issued by institutions in ____ sector while debentures by corporate
in ____ sector.
a) private, public
b) public, private
c) either a or b
d) cooperative, NBFC
e) None of the above
------------------------------------------------------------------------------------------
4. Who notifies Foreign Trade Policy?
a) RBI
b) DGFT
c) Govt. of India
d) ECGC
e) None of the above
------------------------------------------------------------------------------------------
5. Cash kept in the currency chest is owned by?
a) Currency Chest branch bank
b) State Bank of India
c) Central Government
d) Reserve Bank of India
e) None of the above
------------------------------------------------------------------------------------------
6. Expand the term LIBOR as used in financial banking sectors?
a) Local Indian Bank Offered Rate
b) London-India Bureau of Regulations
c) Liberal International Bank Official Ratio
d) London Inter Bank Offered Rate
e) None of the above
------------------------------------------------------------------------------------------
7. Which one of the following rates is NOT decided by the RBI?
a) Bank Rate
b) Repo Rate
c) Reverse Repo Rate
d) Income Tax Rates
e) Only a & b
------------------------------------------------------------------------------------------
8. When more than one bank is allowing credit facilities to one party in coordination with each other under a formal arrangement, the arrangement is generally known as:
a) Participation
b) Consortium
c) Syndication
d) Multiple Banking
e) All the above
------------------------------------------------------------------------------------------
9. The headquarters of International Monetary Fund is ___
a) Geneva
b) Paris
c) London
d) Manila
e) Washington
------------------------------------------------------------------------------------------
10. The first insurance company was started in India in 1818 at:
a) Kolkata
b) Chennai
c) Mumbai
d) New Delhi
e) Allahabad
------------------------------------------------------------------------------------------
11. Which one of the following is not a "Money Market Instrument"?
a) Treasury Bills
b) Commercial Paper
c) Equity Shares
d) Certificate of Deposit
e) All the above
------------------------------------------------------------------------------------------
12. The Banking Codes and Standards Board of India was registered on 18 February, 2006 under
which of the following RBI Act?
a) Banking Regulation Act
b) The Societies Registration Act, 1860
c) Cooperative Societies Act
d) None of the above
e) All the above
------------------------------------------------------------------------------------------
13. Who is the chairman of Governing Council of BCSBI (Banking Codes and Standards Board of
India)?
a) K.C. Chakrabarty
b) A.C. Mahajan
c) HS Khurana
d) M.V. Nair
e) Salman Khurshid
------------------------------------------------------------------------------------------
14. Payment of cheques is governed by sections under_____:
a) Banking Regulation Act 1949
b) RBI Act 1934
c) Negotiable Instruments Act 1881
d) Prevention of Money Laundering Act 2002
e) None of the above
------------------------------------------------------------------------------------------
15. The Headquarters of Bank of International settlement is located at:
a) New York
b) London
c) Washington
d) Paris
e) Basel (Switzerland)
------------------------------------------------------------------------------------------
16. The Act governing forex activities in India is:
a) RBI act
b) FERA
c) FEMA
d) SEBI
e) Finance Ministry
------------------------------------------------------------------------------------------
17. Sri Arun Shrivastava has taken over charge on 15.05.2015 as new CMD of ____ bank.
a) Union Bank of India
b) United Bank of India
c) Syndicate Bank
d) Andhra Bank
e) Allahabad Bank
------------------------------------------------------------------------------------------
18. RBI advised Banks that all new cards issued - debit and credit, domestic and International shall be EMV (Europay MasterCard Visa) chip and pin based cards with effect from:
a) 1st September 2015
b) 1st October 2015
c) 1st November 2015
d) 1st August 2015
e) 15th August 2015
------------------------------------------------------------------------------------------
19. Benefits in core banking system are:
a) Reliable centralized data recovery
b) Data warehousing and data mining technologies
c) Integrated customer centric services
d) Core infrastructure can be used for future expansion
e) All the above
------------------------------------------------------------------------------------------
20. NRI Deposits are classified under:
a) Capital a/c
b) Current a/c
c) Special Foreign Deposit Account
d) Either b or c
e) None of the Above
------------------------------------------------------------------------------------------
21. Which of the following can be called as intermediary in the Financial System?
a) Insurance companies
b) Banking companies
c) Mutual funds
d) All the above
e) None of the above
------------------------------------------------------------------------------------------
22. Which type of machine is used by Business Correspondents?
a) Micro ATMs
b) POS
c) Biometric Card Reader
d) Solar empowered
e) Water resistant
------------------------------------------------------------------------------------------
23. The ceiling for repatriation of funds from NRE/FCNR accounts is:
a) Rs.2 lakhs
b) Rs.5 lakhs
c) Rs.10 lakhs
d) No ceiling
e) None of the above
------------------------------------------------------------------------------------------
24. Some banks are financing big projects like construction of roads, bridges etc. Financing
such projects means banks are helping exactly in:
a) Infrastructural Development
b) Project Management
c) Developing core sector Industry
d) Financial Inclusion
e) All of the above
------------------------------------------------------------------------------------------
25. Debentures are governed by____
a) Law of Contract
b) BR Act
c) Company Law
d) Banking Regulation Act
e) None of the above
------------------------------------------------------------------------------------------
26. The maturity period of CDs (Certificate of Deposit) issued by banks should not be less than ____ and not more than _____, from the date of issue.
a) 7 days, 6 months
b) 7 days, 1 year
c) 15 days, 6 months
d) 15 days, 1 year
e) 90 days, 180 days
------------------------------------------------------------------------------------------
27. The Main activity of the Financial Intelligence Unit India (FIU-IND) is to control:
a) Tax Evasion
b) Money Laundering
c) Terrorism
d) Avoiding NPAs
e) Avoiding frauds in ATMs
------------------------------------------------------------------------------------------
28. Infusion of liquidity, by RBI, is done through _____ from / to banks under a _____ transaction.
a) borrowing, repo
b) borrowing, reverse repo
c) lending, repo
d) lending, reverse repo
e) None of the above
------------------------------------------------------------------------------------------
29. Crossing a cheque is a direction to the:
a) Drawer
b) Payee
c) Paying Banker
d) Clearing House
e) Collecting banker
------------------------------------------------------------------------------------------
30. The minimum amount for which a CD (Certificate of Deposit) can be issued is:
a) Rs. 1 lakh
b) Rs. 2 lakh
c) Rs. 5 lakh
d) Rs. 10 lakh
e) Rs. 20 lakh
------------------------------------------------------------------------------------------
31. A rate of exchange established between any two currencies on the basis of the respective quotation
of each currency in terms of a third currency is known as:
a) Cross rate
b) Merchant rate
c) Wash rate
d) Composite rate
e) None of the above
------------------------------------------------------------------------------------------
32. CIBIL as a credit bureau caters to:
a) Consumer segments
b) Commercial segments
c) Both commercial and consumer segments
d) Nationalized Banks only
e) Private Banks only
------------------------------------------------------------------------------------------
33. Kishore Biyani-led Future Group agreed to merge its retail business stock deal worth Rs. 750
crore to create one of the biggest supermarket chains with Rs. 15,000 crore turnover with which of the following organizations?
a) V-Mart Retail
b) Shoppers Stop
c) Bharti Retail
d) Koutons Retail India
e) None of the above
------------------------------------------------------------------------------------------
ANSWERS
1) b 2) b 3) b 4) b 5) d 6) d 7) d 8) b 9) e 10) a
11) c 12) b 13) b 14) c 15) e 16) c 17) c 18) a 19) e 20) a
21) d 22) c 23) d 24) a 25) c 26) b 27) b 28) c 29) c 30) a
31) a 32) c 33) c
a) hold the securities of various schemes
b) manage the funds by making investments in various types of securities
c) hold its property for the benefit of the unit holders
d) act on behalf of SEBI
e) All the above
------------------------------------------------------------------------------------------
2. What is the purpose of reduction in Cash Reserve Ratio (CRR)?
a) Reduce Credit Flow
b) Enhance Credit Flow
c) Enhance availability of cash
d) Reduce Cash transactions
e) None of the above
------------------------------------------------------------------------------------------
3. In India, conventionally, bonds are issued by institutions in ____ sector while debentures by corporate
in ____ sector.
a) private, public
b) public, private
c) either a or b
d) cooperative, NBFC
e) None of the above
------------------------------------------------------------------------------------------
4. Who notifies Foreign Trade Policy?
a) RBI
b) DGFT
c) Govt. of India
d) ECGC
e) None of the above
------------------------------------------------------------------------------------------
5. Cash kept in the currency chest is owned by?
a) Currency Chest branch bank
b) State Bank of India
c) Central Government
d) Reserve Bank of India
e) None of the above
------------------------------------------------------------------------------------------
6. Expand the term LIBOR as used in financial banking sectors?
a) Local Indian Bank Offered Rate
b) London-India Bureau of Regulations
c) Liberal International Bank Official Ratio
d) London Inter Bank Offered Rate
e) None of the above
------------------------------------------------------------------------------------------
7. Which one of the following rates is NOT decided by the RBI?
a) Bank Rate
b) Repo Rate
c) Reverse Repo Rate
d) Income Tax Rates
e) Only a & b
------------------------------------------------------------------------------------------
8. When more than one bank is allowing credit facilities to one party in coordination with each other under a formal arrangement, the arrangement is generally known as:
a) Participation
b) Consortium
c) Syndication
d) Multiple Banking
e) All the above
------------------------------------------------------------------------------------------
9. The headquarters of International Monetary Fund is ___
a) Geneva
b) Paris
c) London
d) Manila
e) Washington
------------------------------------------------------------------------------------------
10. The first insurance company was started in India in 1818 at:
a) Kolkata
b) Chennai
c) Mumbai
d) New Delhi
e) Allahabad
------------------------------------------------------------------------------------------
11. Which one of the following is not a "Money Market Instrument"?
a) Treasury Bills
b) Commercial Paper
c) Equity Shares
d) Certificate of Deposit
e) All the above
------------------------------------------------------------------------------------------
12. The Banking Codes and Standards Board of India was registered on 18 February, 2006 under
which of the following RBI Act?
a) Banking Regulation Act
b) The Societies Registration Act, 1860
c) Cooperative Societies Act
d) None of the above
e) All the above
------------------------------------------------------------------------------------------
13. Who is the chairman of Governing Council of BCSBI (Banking Codes and Standards Board of
India)?
a) K.C. Chakrabarty
b) A.C. Mahajan
c) HS Khurana
d) M.V. Nair
e) Salman Khurshid
------------------------------------------------------------------------------------------
14. Payment of cheques is governed by sections under_____:
a) Banking Regulation Act 1949
b) RBI Act 1934
c) Negotiable Instruments Act 1881
d) Prevention of Money Laundering Act 2002
e) None of the above
------------------------------------------------------------------------------------------
15. The Headquarters of Bank of International settlement is located at:
a) New York
b) London
c) Washington
d) Paris
e) Basel (Switzerland)
------------------------------------------------------------------------------------------
16. The Act governing forex activities in India is:
a) RBI act
b) FERA
c) FEMA
d) SEBI
e) Finance Ministry
------------------------------------------------------------------------------------------
17. Sri Arun Shrivastava has taken over charge on 15.05.2015 as new CMD of ____ bank.
a) Union Bank of India
b) United Bank of India
c) Syndicate Bank
d) Andhra Bank
e) Allahabad Bank
------------------------------------------------------------------------------------------
18. RBI advised Banks that all new cards issued - debit and credit, domestic and International shall be EMV (Europay MasterCard Visa) chip and pin based cards with effect from:
a) 1st September 2015
b) 1st October 2015
c) 1st November 2015
d) 1st August 2015
e) 15th August 2015
------------------------------------------------------------------------------------------
19. Benefits in core banking system are:
a) Reliable centralized data recovery
b) Data warehousing and data mining technologies
c) Integrated customer centric services
d) Core infrastructure can be used for future expansion
e) All the above
------------------------------------------------------------------------------------------
20. NRI Deposits are classified under:
a) Capital a/c
b) Current a/c
c) Special Foreign Deposit Account
d) Either b or c
e) None of the Above
------------------------------------------------------------------------------------------
21. Which of the following can be called as intermediary in the Financial System?
a) Insurance companies
b) Banking companies
c) Mutual funds
d) All the above
e) None of the above
------------------------------------------------------------------------------------------
22. Which type of machine is used by Business Correspondents?
a) Micro ATMs
b) POS
c) Biometric Card Reader
d) Solar empowered
e) Water resistant
------------------------------------------------------------------------------------------
23. The ceiling for repatriation of funds from NRE/FCNR accounts is:
a) Rs.2 lakhs
b) Rs.5 lakhs
c) Rs.10 lakhs
d) No ceiling
e) None of the above
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24. Some banks are financing big projects like construction of roads, bridges etc. Financing
such projects means banks are helping exactly in:
a) Infrastructural Development
b) Project Management
c) Developing core sector Industry
d) Financial Inclusion
e) All of the above
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25. Debentures are governed by____
a) Law of Contract
b) BR Act
c) Company Law
d) Banking Regulation Act
e) None of the above
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26. The maturity period of CDs (Certificate of Deposit) issued by banks should not be less than ____ and not more than _____, from the date of issue.
a) 7 days, 6 months
b) 7 days, 1 year
c) 15 days, 6 months
d) 15 days, 1 year
e) 90 days, 180 days
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27. The Main activity of the Financial Intelligence Unit India (FIU-IND) is to control:
a) Tax Evasion
b) Money Laundering
c) Terrorism
d) Avoiding NPAs
e) Avoiding frauds in ATMs
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28. Infusion of liquidity, by RBI, is done through _____ from / to banks under a _____ transaction.
a) borrowing, repo
b) borrowing, reverse repo
c) lending, repo
d) lending, reverse repo
e) None of the above
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29. Crossing a cheque is a direction to the:
a) Drawer
b) Payee
c) Paying Banker
d) Clearing House
e) Collecting banker
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30. The minimum amount for which a CD (Certificate of Deposit) can be issued is:
a) Rs. 1 lakh
b) Rs. 2 lakh
c) Rs. 5 lakh
d) Rs. 10 lakh
e) Rs. 20 lakh
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31. A rate of exchange established between any two currencies on the basis of the respective quotation
of each currency in terms of a third currency is known as:
a) Cross rate
b) Merchant rate
c) Wash rate
d) Composite rate
e) None of the above
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32. CIBIL as a credit bureau caters to:
a) Consumer segments
b) Commercial segments
c) Both commercial and consumer segments
d) Nationalized Banks only
e) Private Banks only
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33. Kishore Biyani-led Future Group agreed to merge its retail business stock deal worth Rs. 750
crore to create one of the biggest supermarket chains with Rs. 15,000 crore turnover with which of the following organizations?
a) V-Mart Retail
b) Shoppers Stop
c) Bharti Retail
d) Koutons Retail India
e) None of the above
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ANSWERS
1) b 2) b 3) b 4) b 5) d 6) d 7) d 8) b 9) e 10) a
11) c 12) b 13) b 14) c 15) e 16) c 17) c 18) a 19) e 20) a
21) d 22) c 23) d 24) a 25) c 26) b 27) b 28) c 29) c 30) a
31) a 32) c 33) c
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