India-Bangladesh Land Swap Will Divide Some Families Tonight
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DAHALA-KHAGRABARI: Chapala Barman is heartbroken as she contemplates leaving the home she has known all her life ahead of a historic land swap between Bangladesh and India that will divide her family.
The exchange at midnight on Friday will end one of the world's most intractable disputes that has kept thousands of people in limbo for nearly 70 years.
But it will also rip apart families like Ms Barman's, leaving some stranded on one side of the border, while relatives relocate to the other.
The 60-year-old Hindu is preparing to leave her home in Dahala-Khagrabari, a small island of Indian land inside Muslim-majority Bangladesh, with three of her sons.
She will have to leave four other grown-up children and their families behind in Dahala-Khagrabari, which is about to become part of Bangladesh.
Her three daughters have married Bangladeshis, making them ineligible to move, like her eldest son, who was not counted in a joint census of the enclaves conducted in 2011.
"These days I can't stop my tears thinking how can I live without them," Barman told AFP ahead of the handover.
The two nations will hoist their respective flags in 162 enclaves -- 111 in Bangladesh and 51 in India -- at one minute past midnight to assume sovereignty over the territories following a historic border agreement in June.
For many of the 50,000 people living in the enclaves, the exchange means an end to 68 years of struggle, cut off from their national governments and unable to access vital services like hospitals and schools.
But it has also meant choosing between staying put and adopting a new nationality, or leaving the homes where their families have lived for generations.
Srichandi Barman and his brothers were all set to go to India until one day their parents bluntly refused to leave.
"They told us they would rather die here... We tried to persuade them, but they would not budge," said Srichandi.
So on Thursday, just a day before their enclave was due to be handed over to Bangladesh, Srichandi and his brothers rushed to the district town of Debiganj to try to cancel their applications to move to India.
Such decisions have torn families apart, with ambitious young people moving to India and leaving behind parents who are either afraid to move or just want to stay where they grew up.
DAHALA-KHAGRABARI: Chapala Barman is heartbroken as she contemplates leaving the home she has known all her life ahead of a historic land swap between Bangladesh and India that will divide her family.The exchange at midnight on Friday will end one of the world's most intractable disputes that has kept thousands of people in limbo for nearly 70 years.
But it will also rip apart families like Ms Barman's, leaving some stranded on one side of the border, while relatives relocate to the other.
The 60-year-old Hindu is preparing to leave her home in Dahala-Khagrabari, a small island of Indian land inside Muslim-majority Bangladesh, with three of her sons.
She will have to leave four other grown-up children and their families behind in Dahala-Khagrabari, which is about to become part of Bangladesh.
Her three daughters have married Bangladeshis, making them ineligible to move, like her eldest son, who was not counted in a joint census of the enclaves conducted in 2011.
"These days I can't stop my tears thinking how can I live without them," Barman told AFP ahead of the handover.
The two nations will hoist their respective flags in 162 enclaves -- 111 in Bangladesh and 51 in India -- at one minute past midnight to assume sovereignty over the territories following a historic border agreement in June.
For many of the 50,000 people living in the enclaves, the exchange means an end to 68 years of struggle, cut off from their national governments and unable to access vital services like hospitals and schools.
But it has also meant choosing between staying put and adopting a new nationality, or leaving the homes where their families have lived for generations.
Srichandi Barman and his brothers were all set to go to India until one day their parents bluntly refused to leave.
"They told us they would rather die here... We tried to persuade them, but they would not budge," said Srichandi.
So on Thursday, just a day before their enclave was due to be handed over to Bangladesh, Srichandi and his brothers rushed to the district town of Debiganj to try to cancel their applications to move to India.
Such decisions have torn families apart, with ambitious young people moving to India and leaving behind parents who are either afraid to move or just want to stay where they grew up.
India, Bangladesh Exchange Land Islands in Historic Deal
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DAHALA-KHAGRABARI, BANGLADESH: Bangladesh and India prepared on Friday to swap tiny islands of land, ending one of the world's most intractable border disputes that has kept thousands of people in stateless limbo for nearly 70 years.
Officials of the two nations will hoist their respective national flags in 162 enclaves - 111 in Bangladesh and 51 in India- at one minute past midnight (1801 GMT on Friday) to assume sovereignty over the territories following a historic border pact in June.
Following the flag hoisting, the enclaves - pockets of one country's territory surrounded by the other - will cease to exist and more than 50,000 people who have been living there can now access citizenship benefits such as schools, power and healthcare that they have lacked since 1947.
In the final hours before the handover, villagers have been holding feasts and rehearsing their new national anthems.
Plans for more lavish festivities in India have been scaled back due to national mourning for former president APJ Abdul Kalam, who died on Monday.
But there will be a ceremony on the stroke of midnight to light 68 candles to mark the years of stateless limbo since the end of British colonial rule of the whole of the sub-continent.
"This is the biggest celebration of my life. I can't describe how I feel today," said Parul Khatun, 35, a resident of the Indian enclave of Kot Bajni.
"I'll be a Bangladeshi citizen who can enjoy all the benefits," she said, recalling how she was kicked out of a Bangladeshi hospital when she was about to give birth as she lacked a national identification card.
The enclaves date back to ownership arrangements made centuries ago between local princes.
The parcels of land survived partition of the subcontinent in 1947 after British rule and Bangladesh's 1971 war of independence with Pakistan.
Bangladesh endorsed a deal with India in 1974 in a bid to dissolve the pockets, but India only signed a final agreement in June when Prime Minister Narendra Modi visited Dhaka.
Officials of both nations this month conducted surveys, asking residents to choose a country.
The overwhelming majority of people living in Indian enclaves in Bangladesh opted for Bangladeshi citizenship.
But nearly 1,000 people on the Bangladeshi side opted to keep their Indian nationalities, meaning they will leave their homes by November for India where they will be resettled by the West Bengal government.
In India, all of the Bangladeshis living in the 51 Bangladesh enclaves decided to switch nationalities.
Officials of the two nations will hoist their respective national flags in 162 enclaves - 111 in Bangladesh and 51 in India- at one minute past midnight (1801 GMT on Friday) to assume sovereignty over the territories following a historic border pact in June.
Following the flag hoisting, the enclaves - pockets of one country's territory surrounded by the other - will cease to exist and more than 50,000 people who have been living there can now access citizenship benefits such as schools, power and healthcare that they have lacked since 1947.
In the final hours before the handover, villagers have been holding feasts and rehearsing their new national anthems.
Plans for more lavish festivities in India have been scaled back due to national mourning for former president APJ Abdul Kalam, who died on Monday.
But there will be a ceremony on the stroke of midnight to light 68 candles to mark the years of stateless limbo since the end of British colonial rule of the whole of the sub-continent.
"This is the biggest celebration of my life. I can't describe how I feel today," said Parul Khatun, 35, a resident of the Indian enclave of Kot Bajni.
"I'll be a Bangladeshi citizen who can enjoy all the benefits," she said, recalling how she was kicked out of a Bangladeshi hospital when she was about to give birth as she lacked a national identification card.
The enclaves date back to ownership arrangements made centuries ago between local princes.
The parcels of land survived partition of the subcontinent in 1947 after British rule and Bangladesh's 1971 war of independence with Pakistan.
Bangladesh endorsed a deal with India in 1974 in a bid to dissolve the pockets, but India only signed a final agreement in June when Prime Minister Narendra Modi visited Dhaka.
Officials of both nations this month conducted surveys, asking residents to choose a country.
The overwhelming majority of people living in Indian enclaves in Bangladesh opted for Bangladeshi citizenship.
But nearly 1,000 people on the Bangladeshi side opted to keep their Indian nationalities, meaning they will leave their homes by November for India where they will be resettled by the West Bengal government.
In India, all of the Bangladeshis living in the 51 Bangladesh enclaves decided to switch nationalities.
39 Accidents of Defence Aircraft in 3 Years: Manohar Parrikar
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NEW DELHI: As many as 39 defence aircraft, including 14 helicopters, of the defence forces have crashed since 2012 in which 36 personnel have lost their lives.
Defence Minister Manohar Parrikar said in Lok Sabha that in 2012-13, 2013-14, 2014-15 and till July 27 this year, 39 defence aircraft, including two trainer aircraft and 14 helicopters of the defence forces, have crashed.
"36 defence personnel have lost their lives in these accidents. No civilian was killed. The loss to civilian property assessed so far is estimated at Rs. 4,43,800," he said during question hour.
Mr Parrikar said the number of accidents of defence aircraft has come down significantly over the last four decades, from an average 29 accident per year during 1970s to 17 per year during 2001-10.
It has further come down to just nine accidents per year during 2011-15, he said.
The Defence Minister said the average helicopter accidents has too come down from five per year a few years ago to just 1.4 per year now.
Mr Parrikar said every aircraft accident is thoroughly investigated by a Court of Inquiry to ascertain the cause of accident and the recommendations of the completed Court of Inquiry are implemented.
NEW DELHI: As many as 39 defence aircraft, including 14 helicopters, of the defence forces have crashed since 2012 in which 36 personnel have lost their lives.Defence Minister Manohar Parrikar said in Lok Sabha that in 2012-13, 2013-14, 2014-15 and till July 27 this year, 39 defence aircraft, including two trainer aircraft and 14 helicopters of the defence forces, have crashed.
"36 defence personnel have lost their lives in these accidents. No civilian was killed. The loss to civilian property assessed so far is estimated at Rs. 4,43,800," he said during question hour.
Mr Parrikar said the number of accidents of defence aircraft has come down significantly over the last four decades, from an average 29 accident per year during 1970s to 17 per year during 2001-10.
It has further come down to just nine accidents per year during 2011-15, he said.
The Defence Minister said the average helicopter accidents has too come down from five per year a few years ago to just 1.4 per year now.
Mr Parrikar said every aircraft accident is thoroughly investigated by a Court of Inquiry to ascertain the cause of accident and the recommendations of the completed Court of Inquiry are implemented.
Light Metro for Thiruvananthapuram and Kozhikode Approved
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THIRUVANANTHAPURAM: The Kerala cabinet has approved the Detailed Project Report (DPR) of Light Metro transport schemes proposed for the state capital and Kozhikode, estimated to cost Rs. 6,728 crore.
With the cabinet clearing the DPR, follow up action of the project would be initiated after getting necessary sanction from the Centre, an official press release said.
The two projects will be implemented by utilising the service of Delhi Metro Rail Corporation, which is implementing the Kochi metro project.
The projects will be implemented jointly by the state and the Centre by sharing 20 per cent of the cost,like that of the Kochi Metro. The balance 60 per cent cost will be mobilised as loan. The state government will meet the expenses for land acquisition.
As per the present plan, the Thiruvananthapuram project will cover around 22.20 km from Technocity near Pallipuram to Karamana with 19 stations.
THIRUVANANTHAPURAM: The Kerala cabinet has approved the Detailed Project Report (DPR) of Light Metro transport schemes proposed for the state capital and Kozhikode, estimated to cost Rs. 6,728 crore.With the cabinet clearing the DPR, follow up action of the project would be initiated after getting necessary sanction from the Centre, an official press release said.
The two projects will be implemented by utilising the service of Delhi Metro Rail Corporation, which is implementing the Kochi metro project.
The projects will be implemented jointly by the state and the Centre by sharing 20 per cent of the cost,like that of the Kochi Metro. The balance 60 per cent cost will be mobilised as loan. The state government will meet the expenses for land acquisition.
As per the present plan, the Thiruvananthapuram project will cover around 22.20 km from Technocity near Pallipuram to Karamana with 19 stations.
Hafiz Saeed Congratulated Congress Government on 'Hindu Terror': Rajnath Singh
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NEW DELHI: Union Home Minister Rajnath Singh stunned the Congress with a sharp attack today, accusing the previous UPA government it led of "weakening India's fight against terrorism" by coining the term "Hindu terror."
"The then Home Minister had coined the new term 'Hindu terrorism' in order to change the direction of probe. It weakened our fight... Hafiz Saeed of Pakistan had congratulated the then Home Minister," Mr Singh said in Parliament, in a reference to the Congress' P Chidambaram.
"Terrorism is terrorism, it has no religion, no caste," added the Home Minister, who made a statement today in the Lok Sabha on Monday's Gurdaspur terror attack. He censured the opposition party for making Parliament seem like a divided house on the serious issue of terrorism.
Hafiz Saeed, the mastermind of the 2008 Mumbai terror attacks, is among India's most wanted men and roams free in Pakistan, often making provocative anti-India speeches.
Rajnath Singh has told Parliament there is overwhelming evidence that the three terrorists who attacked Punjab on Monday killing seven people, came from Pakistan by crossing the Ravi river.
Unlike yesterday, when his statement in the Rajya Sabha was drowned out by a slogan-shouting Congress, his speech today had the opposition's rapt attention. The storm began when he finished, with opposition lawmakers trooping into the well or centre of the House.
That is when Mr Singh attacked the Congress. "Our government will never allow such a shameful situation again," the minister said.
The Congress was not allowed to respond to the minister; they later demanded that his comments be expunged.
On Thursday, Finance Minister Arun Jaitley had slammed the Congress leadership, saying it had "failed the test" by not allowing a discussion in Parliament on the Gurdaspur terror attack, a matter of national security.
The Congress and other opposition parties have vowed to disrupt Parliament till the ruling BJP removes three top leaders caught in scandals.
NEW DELHI: Union Home Minister Rajnath Singh stunned the Congress with a sharp attack today, accusing the previous UPA government it led of "weakening India's fight against terrorism" by coining the term "Hindu terror.""The then Home Minister had coined the new term 'Hindu terrorism' in order to change the direction of probe. It weakened our fight... Hafiz Saeed of Pakistan had congratulated the then Home Minister," Mr Singh said in Parliament, in a reference to the Congress' P Chidambaram.
"Terrorism is terrorism, it has no religion, no caste," added the Home Minister, who made a statement today in the Lok Sabha on Monday's Gurdaspur terror attack. He censured the opposition party for making Parliament seem like a divided house on the serious issue of terrorism.
Hafiz Saeed, the mastermind of the 2008 Mumbai terror attacks, is among India's most wanted men and roams free in Pakistan, often making provocative anti-India speeches.
Rajnath Singh has told Parliament there is overwhelming evidence that the three terrorists who attacked Punjab on Monday killing seven people, came from Pakistan by crossing the Ravi river.
Unlike yesterday, when his statement in the Rajya Sabha was drowned out by a slogan-shouting Congress, his speech today had the opposition's rapt attention. The storm began when he finished, with opposition lawmakers trooping into the well or centre of the House.
That is when Mr Singh attacked the Congress. "Our government will never allow such a shameful situation again," the minister said.
The Congress was not allowed to respond to the minister; they later demanded that his comments be expunged.
On Thursday, Finance Minister Arun Jaitley had slammed the Congress leadership, saying it had "failed the test" by not allowing a discussion in Parliament on the Gurdaspur terror attack, a matter of national security.
The Congress and other opposition parties have vowed to disrupt Parliament till the ruling BJP removes three top leaders caught in scandals.
Coal Scam: Madhu Koda, 8 Others Put on Trial
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NEW DELHI: Former Jharkhand Chief Minister Madhu Koda, former coal secretary HC Gupta and seven others were today put on trial by a special court in Delhi in connection with a case pertaining to alleged irregularities in allocation of a coal block.
Special CBI Judge Bharat Parasar also framed charges against former Jharkhand Chief Secretary AK Basu, two public servants - Basant Kumar Bhattacharya and Bipin Bihari Singh - Vini Iron and Steel Udyog Ltd (VISUL), its director Vaibhav Tulsyan, Koda's alleged close aide Vijay Joshi and chartered accountant Navin Kumar Tulsyan in the case.
The case pertains to alleged irregularities in allocation of Rajhara North (Central and Eastern) coal block in Jharkhand to VISUL.
All these accused did not plead guilty to the charge framed against them and claimed trial after which the fixed the matter for August 17 for admission/denial of documents by them.
"Separate charges against various accused persons have been framed. All the accused persons did not plead guilty and claimed trial," the court said.
The court had ordered to put these accused on trial for the alleged offence of Section 120-B (criminal conspiracy) of the IPC.
The court said Mr Gupta also prima facie committed offence under section 409 (criminal breach of trust by public servant) of the IPC while Vaibhav Tulsyan, Mr Joshi and VISUL prima facie committed offence of cheating under section 420 of the IPC.
The charges under relevant provisions of the Prevention of Corruption Act were framed against five public servants - Madhu Koda, HC Gupta, AK Basu, Bipin Bihari Singh and Basant Kumar Bhattacharya.
On July 14, the court had ordered to put these accused on trial noting that various acts of omission and commission committed by the accused prima facie made it clear that they had conspired with a "sole objective" to accommodate VISUL in Rajhara North (Central and Eastern) coal block in Jharkhand.
CBI, in its charge sheet, had said that VISUL had applied for allocation of Rajhara North coal block on January 8, 2007 to the Ministry of Coal.
CBI had alleged that although Jharkhand government and the Steel Ministry did not recommend VISUL's case for the coal block allocation, the 36th Screening Committee recommended the block to the accused firm.
NEW DELHI: Former Jharkhand Chief Minister Madhu Koda, former coal secretary HC Gupta and seven others were today put on trial by a special court in Delhi in connection with a case pertaining to alleged irregularities in allocation of a coal block.Special CBI Judge Bharat Parasar also framed charges against former Jharkhand Chief Secretary AK Basu, two public servants - Basant Kumar Bhattacharya and Bipin Bihari Singh - Vini Iron and Steel Udyog Ltd (VISUL), its director Vaibhav Tulsyan, Koda's alleged close aide Vijay Joshi and chartered accountant Navin Kumar Tulsyan in the case.
The case pertains to alleged irregularities in allocation of Rajhara North (Central and Eastern) coal block in Jharkhand to VISUL.
All these accused did not plead guilty to the charge framed against them and claimed trial after which the fixed the matter for August 17 for admission/denial of documents by them.
"Separate charges against various accused persons have been framed. All the accused persons did not plead guilty and claimed trial," the court said.
The court had ordered to put these accused on trial for the alleged offence of Section 120-B (criminal conspiracy) of the IPC.
The court said Mr Gupta also prima facie committed offence under section 409 (criminal breach of trust by public servant) of the IPC while Vaibhav Tulsyan, Mr Joshi and VISUL prima facie committed offence of cheating under section 420 of the IPC.
The charges under relevant provisions of the Prevention of Corruption Act were framed against five public servants - Madhu Koda, HC Gupta, AK Basu, Bipin Bihari Singh and Basant Kumar Bhattacharya.
On July 14, the court had ordered to put these accused on trial noting that various acts of omission and commission committed by the accused prima facie made it clear that they had conspired with a "sole objective" to accommodate VISUL in Rajhara North (Central and Eastern) coal block in Jharkhand.
CBI, in its charge sheet, had said that VISUL had applied for allocation of Rajhara North coal block on January 8, 2007 to the Ministry of Coal.
CBI had alleged that although Jharkhand government and the Steel Ministry did not recommend VISUL's case for the coal block allocation, the 36th Screening Committee recommended the block to the accused firm.
Madhya Pradesh to Expand its Cabinet Soon
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NEW DELHI: In the midst of a controversy over the Vyapam scam, Madhya Pradesh Chief Minister Shivraj Singh Chouhan today said he would soon carry out an expansion of his council of ministers.
"Soon, there will be an expansion," he told reporters in Delhi after meeting Prime Minister Narendra Modi in Delhi.
He, however, parried questions over state Home Minister Babulal Gaur's possible removal from the Cabinet.
"Why do you want to remove him?" he asked. There has been speculation that Mr Gaur maybe dropped from the cabinet.
There have been differences between Mr Chouhan and Mr Gaur, a former chief minister of the state, over various issues including the Vyapam scam, party sources said.
The political rivalry between Mr Chouhan and Mr Gaur goes back to 2005. Mr Chouhan had replaced Mr Gaur as Chief Minister then.
According to party sources, the state BJP was not in favour of giving a ticket to Mr Gaur in the 2008 Assembly polls, but he got it because of his good relations with BJP patriarch LK Advani.
The sources said that even in the 2013 Assembly elections, Mr Gaur had got a ticket from Govindpura seat in Bhopal, which he had won for a record tenth time, on the assurance that he will not ask for it again.
The state BJP also denied second term as Mayor of Bhopal to his daughter-in-law, Krishna Gaur last year. Mr Chouhan, who has been facing heat over the Vyapam scam, met the PM for nearly 30 minutes.
"There were discussions on various issues," he said. The Madhya Pradesh chief minister also discussed with the Prime Minister progress done by the Niti Aayog's sub-group headed by him on Centrally-sponsored schemes.
The Vyapam scam involves massive irregularities and corruption in the Madhya Pradesh Professional Examination Board (MPPEB) or MP Vyavsayik Pareeksha Mandal.
NEW DELHI: In the midst of a controversy over the Vyapam scam, Madhya Pradesh Chief Minister Shivraj Singh Chouhan today said he would soon carry out an expansion of his council of ministers."Soon, there will be an expansion," he told reporters in Delhi after meeting Prime Minister Narendra Modi in Delhi.
He, however, parried questions over state Home Minister Babulal Gaur's possible removal from the Cabinet.
"Why do you want to remove him?" he asked. There has been speculation that Mr Gaur maybe dropped from the cabinet.
There have been differences between Mr Chouhan and Mr Gaur, a former chief minister of the state, over various issues including the Vyapam scam, party sources said.
The political rivalry between Mr Chouhan and Mr Gaur goes back to 2005. Mr Chouhan had replaced Mr Gaur as Chief Minister then.
According to party sources, the state BJP was not in favour of giving a ticket to Mr Gaur in the 2008 Assembly polls, but he got it because of his good relations with BJP patriarch LK Advani.
The sources said that even in the 2013 Assembly elections, Mr Gaur had got a ticket from Govindpura seat in Bhopal, which he had won for a record tenth time, on the assurance that he will not ask for it again.
The state BJP also denied second term as Mayor of Bhopal to his daughter-in-law, Krishna Gaur last year. Mr Chouhan, who has been facing heat over the Vyapam scam, met the PM for nearly 30 minutes.
"There were discussions on various issues," he said. The Madhya Pradesh chief minister also discussed with the Prime Minister progress done by the Niti Aayog's sub-group headed by him on Centrally-sponsored schemes.
The Vyapam scam involves massive irregularities and corruption in the Madhya Pradesh Professional Examination Board (MPPEB) or MP Vyavsayik Pareeksha Mandal.
California Guard Uses Drone to Search for Missing Teacher
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SAN FRANCISCO: The California National Guard is using a drone to search El Dorado National Forest for a missing San Francisco teacher, marking the first time the Guard has used an unmanned aircraft for a search-and-rescue mission.
The drone will collect images in real time, allowing searchers on the ground to make faster, more informed decisions about where to concentrate their efforts, said Capt. Will Martin, a spokesman for the California Guard.
The Guard previously used the drone to support firefighting efforts in 2013 at Yosemite National Park.
"For the purpose of collecting imagery, it's unrivaled," Martin said of drone technology.
The search for Edward Kavanaugh, 45, has intensified in the 12 days since he went missing. Kavanaugh was last seen July 17 driving a motorcycle on a trail through El Dorado County, about three hours east of the San Francisco Bay Area. He was with another driver before cruising off on his own.
Kavanaugh is a popular veteran teacher who works for San Francisco Unified School District. Several staff members and students have gone to El Dorado National Forest to join the search efforts, SFUSD spokeswoman Gentle Blythe said.
Martin said the drone has yet to provide any new leads in Kavanaugh's disappearance.
Officials have gathered more than 50 volunteers to help sweep El Dorado and neighboring counties by foot, car and helicopter.
SAN FRANCISCO: The California National Guard is using a drone to search El Dorado National Forest for a missing San Francisco teacher, marking the first time the Guard has used an unmanned aircraft for a search-and-rescue mission.The drone will collect images in real time, allowing searchers on the ground to make faster, more informed decisions about where to concentrate their efforts, said Capt. Will Martin, a spokesman for the California Guard.
The Guard previously used the drone to support firefighting efforts in 2013 at Yosemite National Park.
"For the purpose of collecting imagery, it's unrivaled," Martin said of drone technology.
The search for Edward Kavanaugh, 45, has intensified in the 12 days since he went missing. Kavanaugh was last seen July 17 driving a motorcycle on a trail through El Dorado County, about three hours east of the San Francisco Bay Area. He was with another driver before cruising off on his own.
Kavanaugh is a popular veteran teacher who works for San Francisco Unified School District. Several staff members and students have gone to El Dorado National Forest to join the search efforts, SFUSD spokeswoman Gentle Blythe said.
Martin said the drone has yet to provide any new leads in Kavanaugh's disappearance.
Officials have gathered more than 50 volunteers to help sweep El Dorado and neighboring counties by foot, car and helicopter.
BANKING AWARENESS PRACTICE QUESTIONS
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1. ____ is raised in capital markets
a) Funds through long term securities
b) Long term loans through Govt. securities
c) Medium term loans
d) Short - term instruments
e) None of the above
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2. Interest on Government securities on fixed basis is known as:
a) Bank rate
b) Coupon
c) Prime Lending Rate
d) Bench mark PLR
e) None of the above
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3. As per latest guidelines _____ also attract TDS:
a) Fixed deposits
b) Reinvestment deposits
c) NRO SB
d) NRO FDR
e) Recurring deposits
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4. What is meant by development Oriented banking?
a) Infrastructure financing
b) Extending loans to States, which are least developed
c) Taking up the task of development of the economy by providing support to under privileged
sections of the society
d) All of the above
e) None of the above
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5. The main function of SIDBI is:
a) Promotion of SSI
b) Finance of SSI
c) Development of SSI
d) All of the above
e) None of the above
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6. When a bank returns a cheque unpaid, it is called?
a) Payment of the cheque
b) Drawing of the cheque
c) Cancelling of the cheque
d) Dishonour of the cheque
e) Taking of the cheque
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7. Now-a-days RBI uses Selective credit control measures rather infrequently because of:
a) Deregulation of functions
b) Autonomy given to banks
c) Comfortable liquidity
d) Reasonable inflation level
e) All of the above
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8. RBI pays interest on CRR balances of banks at _____.
a) Bank Rate
b) Repo Rate
c) Bank Rate minus 2%
d) Zero %
e) None of the above
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9. The Bank should comply and intimate the compliance of Award to Ombudsman within ______
a) 2 Months
b) 3 months
c) One month
d) One year
e) None of the above
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10. What are the features of selective credit control?
a) They distinguish between essential and nonessential uses of Bank credit
b) Only nonessential uses are brought under the scope of Credit Bank controls
c) They affect not only the lenders but also the borrowers
d) All the above
e) None of the above
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11. Which of the following are the targets for different categories of priority sector?
a) Overall target 40% of net Bank credit
b) Agriculture loans (direct and indirect) 18%
c) Priority sector target for foreign Banks is 32%
d) All of the above
e) None of the above
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12. NSC (National Savings Certificates) are issued in the denominations of:
a) Rs.100
b) Rs.500
c) Rs.1000
d) Rs.5000 & Rs.10,000 only
e) All of the above
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13. Which of the following can be called as intermediary in the Financial System?
a) Insurance companies
b) Banking companies
c) Mutual funds
d) All of the above
e) None of the above
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14. A depositor wants to give nomination in favour of a Needy Charitable Trust. Is it acceptable to the banker?
a) Yes, anyone can be a nominee
b) No, only a blood relative should be a nominee
c) As per the discretion of the Branch Manager
d) No, as per Nomination Guide lines only Individuals can be nominated as Nominee and not institutions
e) None of the above
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15. Which of the following is not an India based credit rating agency?
a) CRISIL
b) CARE
c) Standard & Poor
d) ICRA
e) None of the above
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16. SMERA is an SME Rating Agency in India meant for?
a) Rating on credit worthiness of MSME
b) Rating on Quality Management
c) Rating on Training System
d) Rating on Technology usage in the organization
e) None of the above
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17. Which of the following is not insured by the DICGC?
a) All Indian commercial Banks
b) Foreign Banks branches functioning in India
c) Local Area Banks
d) Cooperative Banks
e) Primary cooperative societies
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18. Which of the following is not a feature of Recurring Deposit Account?
a) Rate of interest will be higher than Savings Bank Account
b) Loan facility is available on Recurring Deposit
c) No TDS on the interest earned
d) Premature closure of the Recurring Deposit Account is not allowed
e) None of the above
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19. Cash Reserve Ratio is to be maintained by banks with reference to which of the following?
a) Time liabilities
b) Demand liabilities
c) Time and demand liabilities
d) Net demand and time liabilities
e) None of the above
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20. What is the minimum CRR as per the relevant Act?
a) No minimum
b) 4%
c) 3%
d) 6%
e) 8%
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21. Which of the following is not true in case of SARFAESI Act 2002?
a) Banks can take action of recovery of loan, in case of NPA, without intervention of court
b) Minimum Rs 1.00 lakh overdue should be in the loan account
c) Sixty days notice to be given under the Act to the defaulted borrower
d) SARFAESI Act can be implemented even if one installment in term loan is overdue
e) All of the above
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22. The main function of an Asset Management Company is:
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 of the above
------------------------------------------------------------------------------------------
23. Which kind of assistance is provided by EXIM Bank to Indian Companies?
a) Direct loans to exporters
b) Technology services
c) Credit for export of capital goods
d) a and b
e) All of the above
------------------------------------------------------------------------------------------
24. Which of the following includes "banking business" as per Banking Regulation Act?
a) Acceptance of deposit
b) Collection of bills
c) Buying of foreign exchange
d) All of the above
e) None of the above
------------------------------------------------------------------------------------------
25. Which of the following acts deals with the Right of Appropriation?
a) Indian Contract Act
b) Companies Act
c) Negotiable Instruments Act
d) All of the above
e) None of the above
------------------------------------------------------------------------------------------
26. Depositories hold shares in ______ form:
a) Physical
b) Dematerialized
c) Either a or b
d) Both a and b
e) None of the above
------------------------------------------------------------------------------------------
27. What is the full form of NBMSME?
a) National Bank for Micro, Small and Medium Enterprises
b) National Board for Micro, Small and Medium Enterprises
c) National Board for Micro, Selected Medium Enterprises
d) National Bank for Medium and selected Medium Entrepreneurs
e) None of the above
------------------------------------------------------------------------------------------
28. 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
------------------------------------------------------------------------------------------
29. Which type of machine is used by Business Correspondents?
a) Micro ATMs
b) POS
c) Biometric Card Reader
d) Solar empowered
e) Water resistant
------------------------------------------------------------------------------------------
30. _____ provides Clearing House facilities for netting of Payments and Security delivery:
a) Primary dealers
b) Banks
c) Stock exchanges
d) All of the above
e) None of the above
------------------------------------------------------------------------------------------
31. ____ is the regulatory authority for Mutual funds:
a) IRDA
b) SEBI
c) RBI
d) Ministry of Corporate affairs
e) All of the above
------------------------------------------------------------------------------------------
32. The Main activity of the Financial Intelligence Unit India (FIUIND) is to control:
a) Tax Evasion
b) Money Laundering
c) Terrorism
d) Avoiding NPAs
e) Avoiding frauds in ATMs
------------------------------------------------------------------------------------------
33. Primary dealers deal in:
a) Shares b) Insurance
c) Government securities
d) None of the above
e) All of the above
------------------------------------------------------------------------------------------
Answers:
1) a; 2) b; 3) e; 4) c; 5) d; 6) d; 7) e; 8) d; 9) c; 10) d;
11) d; 12) e; 13) d; 14) d; 15) c; 16) a; 17) e; 18) d; 19) d; 20) a;
21) d; 22) b; 23) e; 24) d; 25) a; 26) b; 27) b; 28) a; 29) c; 30) c;
31) b; 32) b; 33) c.
1. ____ is raised in capital markets
a) Funds through long term securities
b) Long term loans through Govt. securities
c) Medium term loans
d) Short - term instruments
e) None of the above
------------------------------------------------------------------------------------------
2. Interest on Government securities on fixed basis is known as:
a) Bank rate
b) Coupon
c) Prime Lending Rate
d) Bench mark PLR
e) None of the above
------------------------------------------------------------------------------------------
3. As per latest guidelines _____ also attract TDS:
a) Fixed deposits
b) Reinvestment deposits
c) NRO SB
d) NRO FDR
e) Recurring deposits
------------------------------------------------------------------------------------------
4. What is meant by development Oriented banking?
a) Infrastructure financing
b) Extending loans to States, which are least developed
c) Taking up the task of development of the economy by providing support to under privileged
sections of the society
d) All of the above
e) None of the above
------------------------------------------------------------------------------------------
5. The main function of SIDBI is:
a) Promotion of SSI
b) Finance of SSI
c) Development of SSI
d) All of the above
e) None of the above
------------------------------------------------------------------------------------------
6. When a bank returns a cheque unpaid, it is called?
a) Payment of the cheque
b) Drawing of the cheque
c) Cancelling of the cheque
d) Dishonour of the cheque
e) Taking of the cheque
------------------------------------------------------------------------------------------
7. Now-a-days RBI uses Selective credit control measures rather infrequently because of:
a) Deregulation of functions
b) Autonomy given to banks
c) Comfortable liquidity
d) Reasonable inflation level
e) All of the above
------------------------------------------------------------------------------------------
8. RBI pays interest on CRR balances of banks at _____.
a) Bank Rate
b) Repo Rate
c) Bank Rate minus 2%
d) Zero %
e) None of the above
------------------------------------------------------------------------------------------
9. The Bank should comply and intimate the compliance of Award to Ombudsman within ______
a) 2 Months
b) 3 months
c) One month
d) One year
e) None of the above
------------------------------------------------------------------------------------------
10. What are the features of selective credit control?
a) They distinguish between essential and nonessential uses of Bank credit
b) Only nonessential uses are brought under the scope of Credit Bank controls
c) They affect not only the lenders but also the borrowers
d) All the above
e) None of the above
------------------------------------------------------------------------------------------
11. Which of the following are the targets for different categories of priority sector?
a) Overall target 40% of net Bank credit
b) Agriculture loans (direct and indirect) 18%
c) Priority sector target for foreign Banks is 32%
d) All of the above
e) None of the above
------------------------------------------------------------------------------------------
12. NSC (National Savings Certificates) are issued in the denominations of:
a) Rs.100
b) Rs.500
c) Rs.1000
d) Rs.5000 & Rs.10,000 only
e) All of the above
------------------------------------------------------------------------------------------
13. Which of the following can be called as intermediary in the Financial System?
a) Insurance companies
b) Banking companies
c) Mutual funds
d) All of the above
e) None of the above
------------------------------------------------------------------------------------------
14. A depositor wants to give nomination in favour of a Needy Charitable Trust. Is it acceptable to the banker?
a) Yes, anyone can be a nominee
b) No, only a blood relative should be a nominee
c) As per the discretion of the Branch Manager
d) No, as per Nomination Guide lines only Individuals can be nominated as Nominee and not institutions
e) None of the above
------------------------------------------------------------------------------------------
15. Which of the following is not an India based credit rating agency?
a) CRISIL
b) CARE
c) Standard & Poor
d) ICRA
e) None of the above
------------------------------------------------------------------------------------------
16. SMERA is an SME Rating Agency in India meant for?
a) Rating on credit worthiness of MSME
b) Rating on Quality Management
c) Rating on Training System
d) Rating on Technology usage in the organization
e) None of the above
------------------------------------------------------------------------------------------
17. Which of the following is not insured by the DICGC?
a) All Indian commercial Banks
b) Foreign Banks branches functioning in India
c) Local Area Banks
d) Cooperative Banks
e) Primary cooperative societies
------------------------------------------------------------------------------------------
18. Which of the following is not a feature of Recurring Deposit Account?
a) Rate of interest will be higher than Savings Bank Account
b) Loan facility is available on Recurring Deposit
c) No TDS on the interest earned
d) Premature closure of the Recurring Deposit Account is not allowed
e) None of the above
------------------------------------------------------------------------------------------
19. Cash Reserve Ratio is to be maintained by banks with reference to which of the following?
a) Time liabilities
b) Demand liabilities
c) Time and demand liabilities
d) Net demand and time liabilities
e) None of the above
------------------------------------------------------------------------------------------
20. What is the minimum CRR as per the relevant Act?
a) No minimum
b) 4%
c) 3%
d) 6%
e) 8%
------------------------------------------------------------------------------------------
21. Which of the following is not true in case of SARFAESI Act 2002?
a) Banks can take action of recovery of loan, in case of NPA, without intervention of court
b) Minimum Rs 1.00 lakh overdue should be in the loan account
c) Sixty days notice to be given under the Act to the defaulted borrower
d) SARFAESI Act can be implemented even if one installment in term loan is overdue
e) All of the above
------------------------------------------------------------------------------------------
22. The main function of an Asset Management Company is:
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 of the above
------------------------------------------------------------------------------------------
23. Which kind of assistance is provided by EXIM Bank to Indian Companies?
a) Direct loans to exporters
b) Technology services
c) Credit for export of capital goods
d) a and b
e) All of the above
------------------------------------------------------------------------------------------
24. Which of the following includes "banking business" as per Banking Regulation Act?
a) Acceptance of deposit
b) Collection of bills
c) Buying of foreign exchange
d) All of the above
e) None of the above
------------------------------------------------------------------------------------------
25. Which of the following acts deals with the Right of Appropriation?
a) Indian Contract Act
b) Companies Act
c) Negotiable Instruments Act
d) All of the above
e) None of the above
------------------------------------------------------------------------------------------
26. Depositories hold shares in ______ form:
a) Physical
b) Dematerialized
c) Either a or b
d) Both a and b
e) None of the above
------------------------------------------------------------------------------------------
27. What is the full form of NBMSME?
a) National Bank for Micro, Small and Medium Enterprises
b) National Board for Micro, Small and Medium Enterprises
c) National Board for Micro, Selected Medium Enterprises
d) National Bank for Medium and selected Medium Entrepreneurs
e) None of the above
------------------------------------------------------------------------------------------
28. 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
------------------------------------------------------------------------------------------
29. Which type of machine is used by Business Correspondents?
a) Micro ATMs
b) POS
c) Biometric Card Reader
d) Solar empowered
e) Water resistant
------------------------------------------------------------------------------------------
30. _____ provides Clearing House facilities for netting of Payments and Security delivery:
a) Primary dealers
b) Banks
c) Stock exchanges
d) All of the above
e) None of the above
------------------------------------------------------------------------------------------
31. ____ is the regulatory authority for Mutual funds:
a) IRDA
b) SEBI
c) RBI
d) Ministry of Corporate affairs
e) All of the above
------------------------------------------------------------------------------------------
32. The Main activity of the Financial Intelligence Unit India (FIUIND) is to control:
a) Tax Evasion
b) Money Laundering
c) Terrorism
d) Avoiding NPAs
e) Avoiding frauds in ATMs
------------------------------------------------------------------------------------------
33. Primary dealers deal in:
a) Shares b) Insurance
c) Government securities
d) None of the above
e) All of the above
------------------------------------------------------------------------------------------
Answers:
1) a; 2) b; 3) e; 4) c; 5) d; 6) d; 7) e; 8) d; 9) c; 10) d;
11) d; 12) e; 13) d; 14) d; 15) c; 16) a; 17) e; 18) d; 19) d; 20) a;
21) d; 22) b; 23) e; 24) d; 25) a; 26) b; 27) b; 28) a; 29) c; 30) c;
31) b; 32) b; 33) c.
a) Funds through long term securities
b) Long term loans through Govt. securities
c) Medium term loans
d) Short - term instruments
e) None of the above
------------------------------------------------------------------------------------------
2. Interest on Government securities on fixed basis is known as:
a) Bank rate
b) Coupon
c) Prime Lending Rate
d) Bench mark PLR
e) None of the above
------------------------------------------------------------------------------------------
3. As per latest guidelines _____ also attract TDS:
a) Fixed deposits
b) Reinvestment deposits
c) NRO SB
d) NRO FDR
e) Recurring deposits
------------------------------------------------------------------------------------------
4. What is meant by development Oriented banking?
a) Infrastructure financing
b) Extending loans to States, which are least developed
c) Taking up the task of development of the economy by providing support to under privileged
sections of the society
d) All of the above
e) None of the above
------------------------------------------------------------------------------------------
5. The main function of SIDBI is:
a) Promotion of SSI
b) Finance of SSI
c) Development of SSI
d) All of the above
e) None of the above
------------------------------------------------------------------------------------------
6. When a bank returns a cheque unpaid, it is called?
a) Payment of the cheque
b) Drawing of the cheque
c) Cancelling of the cheque
d) Dishonour of the cheque
e) Taking of the cheque
------------------------------------------------------------------------------------------
7. Now-a-days RBI uses Selective credit control measures rather infrequently because of:
a) Deregulation of functions
b) Autonomy given to banks
c) Comfortable liquidity
d) Reasonable inflation level
e) All of the above
------------------------------------------------------------------------------------------
8. RBI pays interest on CRR balances of banks at _____.
a) Bank Rate
b) Repo Rate
c) Bank Rate minus 2%
d) Zero %
e) None of the above
------------------------------------------------------------------------------------------
9. The Bank should comply and intimate the compliance of Award to Ombudsman within ______
a) 2 Months
b) 3 months
c) One month
d) One year
e) None of the above
------------------------------------------------------------------------------------------
10. What are the features of selective credit control?
a) They distinguish between essential and nonessential uses of Bank credit
b) Only nonessential uses are brought under the scope of Credit Bank controls
c) They affect not only the lenders but also the borrowers
d) All the above
e) None of the above
------------------------------------------------------------------------------------------
11. Which of the following are the targets for different categories of priority sector?
a) Overall target 40% of net Bank credit
b) Agriculture loans (direct and indirect) 18%
c) Priority sector target for foreign Banks is 32%
d) All of the above
e) None of the above
------------------------------------------------------------------------------------------
12. NSC (National Savings Certificates) are issued in the denominations of:
a) Rs.100
b) Rs.500
c) Rs.1000
d) Rs.5000 & Rs.10,000 only
e) All of the above
------------------------------------------------------------------------------------------
13. Which of the following can be called as intermediary in the Financial System?
a) Insurance companies
b) Banking companies
c) Mutual funds
d) All of the above
e) None of the above
------------------------------------------------------------------------------------------
14. A depositor wants to give nomination in favour of a Needy Charitable Trust. Is it acceptable to the banker?
a) Yes, anyone can be a nominee
b) No, only a blood relative should be a nominee
c) As per the discretion of the Branch Manager
d) No, as per Nomination Guide lines only Individuals can be nominated as Nominee and not institutions
e) None of the above
------------------------------------------------------------------------------------------
15. Which of the following is not an India based credit rating agency?
a) CRISIL
b) CARE
c) Standard & Poor
d) ICRA
e) None of the above
------------------------------------------------------------------------------------------
16. SMERA is an SME Rating Agency in India meant for?
a) Rating on credit worthiness of MSME
b) Rating on Quality Management
c) Rating on Training System
d) Rating on Technology usage in the organization
e) None of the above
------------------------------------------------------------------------------------------
17. Which of the following is not insured by the DICGC?
a) All Indian commercial Banks
b) Foreign Banks branches functioning in India
c) Local Area Banks
d) Cooperative Banks
e) Primary cooperative societies
------------------------------------------------------------------------------------------
18. Which of the following is not a feature of Recurring Deposit Account?
a) Rate of interest will be higher than Savings Bank Account
b) Loan facility is available on Recurring Deposit
c) No TDS on the interest earned
d) Premature closure of the Recurring Deposit Account is not allowed
e) None of the above
------------------------------------------------------------------------------------------
19. Cash Reserve Ratio is to be maintained by banks with reference to which of the following?
a) Time liabilities
b) Demand liabilities
c) Time and demand liabilities
d) Net demand and time liabilities
e) None of the above
------------------------------------------------------------------------------------------
20. What is the minimum CRR as per the relevant Act?
a) No minimum
b) 4%
c) 3%
d) 6%
e) 8%
------------------------------------------------------------------------------------------
21. Which of the following is not true in case of SARFAESI Act 2002?
a) Banks can take action of recovery of loan, in case of NPA, without intervention of court
b) Minimum Rs 1.00 lakh overdue should be in the loan account
c) Sixty days notice to be given under the Act to the defaulted borrower
d) SARFAESI Act can be implemented even if one installment in term loan is overdue
e) All of the above
------------------------------------------------------------------------------------------
22. The main function of an Asset Management Company is:
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 of the above
------------------------------------------------------------------------------------------
23. Which kind of assistance is provided by EXIM Bank to Indian Companies?
a) Direct loans to exporters
b) Technology services
c) Credit for export of capital goods
d) a and b
e) All of the above
------------------------------------------------------------------------------------------
24. Which of the following includes "banking business" as per Banking Regulation Act?
a) Acceptance of deposit
b) Collection of bills
c) Buying of foreign exchange
d) All of the above
e) None of the above
------------------------------------------------------------------------------------------
25. Which of the following acts deals with the Right of Appropriation?
a) Indian Contract Act
b) Companies Act
c) Negotiable Instruments Act
d) All of the above
e) None of the above
------------------------------------------------------------------------------------------
26. Depositories hold shares in ______ form:
a) Physical
b) Dematerialized
c) Either a or b
d) Both a and b
e) None of the above
------------------------------------------------------------------------------------------
27. What is the full form of NBMSME?
a) National Bank for Micro, Small and Medium Enterprises
b) National Board for Micro, Small and Medium Enterprises
c) National Board for Micro, Selected Medium Enterprises
d) National Bank for Medium and selected Medium Entrepreneurs
e) None of the above
------------------------------------------------------------------------------------------
28. 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
------------------------------------------------------------------------------------------
29. Which type of machine is used by Business Correspondents?
a) Micro ATMs
b) POS
c) Biometric Card Reader
d) Solar empowered
e) Water resistant
------------------------------------------------------------------------------------------
30. _____ provides Clearing House facilities for netting of Payments and Security delivery:
a) Primary dealers
b) Banks
c) Stock exchanges
d) All of the above
e) None of the above
------------------------------------------------------------------------------------------
31. ____ is the regulatory authority for Mutual funds:
a) IRDA
b) SEBI
c) RBI
d) Ministry of Corporate affairs
e) All of the above
------------------------------------------------------------------------------------------
32. The Main activity of the Financial Intelligence Unit India (FIUIND) is to control:
a) Tax Evasion
b) Money Laundering
c) Terrorism
d) Avoiding NPAs
e) Avoiding frauds in ATMs
------------------------------------------------------------------------------------------
33. Primary dealers deal in:
a) Shares b) Insurance
c) Government securities
d) None of the above
e) All of the above
------------------------------------------------------------------------------------------
Answers:
1) a; 2) b; 3) e; 4) c; 5) d; 6) d; 7) e; 8) d; 9) c; 10) d;
11) d; 12) e; 13) d; 14) d; 15) c; 16) a; 17) e; 18) d; 19) d; 20) a;
21) d; 22) b; 23) e; 24) d; 25) a; 26) b; 27) b; 28) a; 29) c; 30) c;
31) b; 32) b; 33) c.
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