The Union Government Cleared 2000 Crore Rupees Project    for Juhu Airport Redevelopment

The Union Government of India decided to redevelop the Juhu Airport of Mumbai by extending runway 650 metres into sea. This has been done to ease the congestion of traffic at Chhatrapati Shivaji International (CSI) Airport. It is worth noticing that this is the first ever kind of a project in India where the realigning and extension of the runway would be done into the sea.

Policy: It’s the difference between success and failure

December 2012

Why the continued progress of today’s new economic stars will all be down to policy
Afshin Molavi

Policy is an even more powerful determinant of a nation’s future than demography or geography

High up, in one of Dubai’s glassy skyscrapers, a formerly London-based banker was explaining to me why he chose to move to the emirate. “It’s obvious and simple,” he said, “Shanghai, Mumbai, Dubai, or Goodbye.”

Cute catch phrase, I thought, but I got his point. Something historic had been happening to the global economy over the past generation – something that made it “obvious” for this London banker to move to Dubai. In 25 years, a geo-economic transformation has taken place: the rise of Asia and of emerging markets in general. Twenty five years ago, nobody would have said “Shanghai, Mumbai, Dubai or goodbye.” Twenty five years ago, bricks were what you used to build houses, not the leading growth economies of the world, coined by Goldman Sachs’ Chief Economist Jim O’Neill, the “Brics” – Brazil, Russia, India, China, and now South Africa.

Twenty five years ago, AAA meant only the highest credit rating, and most AAA countries were in the West. Today, the “new AAAs” are the growth drivers of the world – Africa, Asia and the Americas.

Twenty five years ago, if you talked about the Silk Road, you were most likely an academic referring to the ancient trade routes linking China to the Mediterranean. Today, people speak of the New Silk Road of trade between the Middle East and Asia and the super-charged trade between and among emerging markets in the so-called global South.

Twenty five years ago, if you looked at the global GDP pie, the economic output produced by emerging markets would be a thin slice – about 15 per cent. Today that pie is evenly distributed – 50 per cent of global output from emerging markets, 50 per cent from so-called advanced industrialised economies.

Twenty five years ago, you could ignore emerging markets and still have a global business. Not anymore. Meanwhile, the share of that pie will continue to grow and tilt towards emerging markets. Why? What happened? Three things happened:

• Many emerging markets got their house in order. They developed sound macro economic policies and a regulatory environment that favours the private sector, abandoning inefficient command and control economies in favour of hybrid market economies with massive government investment in infrastructure and room for private sector growth.

• Globalisation happened. Globalisation is the increasing interconnectedness of everything on the planet: goods; capital; services; ideas. As the planet got flatter, the emerging world had new opportunities to sell its goods, attract investment, draw talent, and educate its populations.

• Population happened. Today, 75 per cent of the world’s population lives in Asia or Africa. For years, these so-called emerging markets were underperforming economies with growing populations. The economies began to catch up with the population, and in turn, these large populations drove economic growth.

Geography, it is often said, is destiny. Demography, others argue, is the new geography. In reality, policy is destiny. Countries with large, young populations have both a demographic gift and a demographic burden. They can channel the productive power of a huge population towards innovation and economic dynamism, or be pulled down by the weight of a population in need of services and jobs. The key difference will be the policies enacted by the government.

By moving towards a market economy in 1979, China has lifted 300 million people out of poverty and become a global economic behemoth. Policy changed China and, thus, the world. Policy, too, will determine the winners of the New AAA. Every year, 80 million children are born in our world – the majority from Asia or Africa. Sub-Saharan Africa’s population could double – even triple – in the next 40 years.

The difference between boom and bust, between unleashing the potential of the AAA and stagnation and underperformance, will be simple: policy. Governments that create enabling environments for trade, investment and entrepreneurialism through sound regulatory policies and investment in infrastructure will be the new AAA winners.

All one needs to do is look at small, economically dynamic city-states like Singapore, Hong Kong or Dubai to see the value of this simple proposition. It may not make for a cute catch phrase, but the reality is that policy is an even more powerful determinant of a nation’s future than demography or geography.

S Gopalakrishnan elected as new President of Confederation of Indian Industry (CII) 

S Gopalakrishnan, the co-founder and Executive Co-Chairman of Infosys, on 5 April 2013 was elected as the President of the industry body Confederation of Indian Industry (CII) for the year 2013-14.

He is succeeding Adi Godrej, Chairman of the Godrej Group.

S Gopalakrishnan, who is also a Padma Bhushan recipient, Gopalakrishnan was in recent times was voted as the top CEO (IT services category) in Institutional Investor's inaugural ranking of Asia's Top Executives, and was selected as one of the winners of the second Asian Corporate Director Recognition Awards by Corporate Governance Asia.

Ajay S Shriram, Chairman of DCM Shriram Consolidated Ltd, is President Designate of CII for the year 2013-2014. Sumit Mazumder Vice-Chairman and Managing Director of Tractors India Pvt Ltd has been elected as the Vice-President of the business chamber for the year.

                      Italian Archeologists Discovered the Gate to      Hell from Ruins in Turkey

Italian archeologists in the first week of April 2013, discovered the gate to hell from ruins in Turkey. The research conducted by the team led by Francesco D'Andria, professor of classic archaeology at the University of Salento found out that there existed a gate to hell, also called Pluto's Gate-Ploutonion in Greek and Plutonium in Latin.

The gate to hell was known to be the gateway to underworld in Greco-Roman mythology as well as tradition. Historically, this site was situated in ancient Phrygian city of Hierapolis, which is now called Pamukkale. It was described by the historians that the opening of this gate to hell was filled with lethal mephitic vapors

Infosys signed Five year agreement with European Energy Trading House

               Infosys signed Five year agreement with European Energy Trading House

Infosys on 2 April 2013 signed a five-year agreement with a European Energy Trading House, RWE Supply & Trading (RWEST).

RWE Supply & Trading (RWEST) is a leading, Energy Trading House which provides technology services to transform its trading operations to create business efficiencies and drive growth from new markets and commodities.

About the Agreement

• The agreement is an innovation and gain-share model supported by a joint investment framework to identify and implement innovative business and technology projects that will deliver measurable benefits to RWEST.
• The agreement highlights include consulting and technology services for applications transformation and business platforms, and transition to a managed services model for application management.

Infosys, which is the multinational provider of business consulting, technology, engineering, and outsourcing services, is basically associating with RWEST to enable a strategic growth through the transformation of their trading platform.

                            Nasdaq to Buy ESpeed Platform From BGC for 750 Million Dollar

Nasdaq OMX Group Inc. (NDAQ) in the month of March 2013 announced that it will buy eSpeed, the electronic trading system for U.S. Treasuries, from BGC Partners Inc. (BGCP) for about 750 million dollars in cash.
The deal is supposed to give the second-largest U.S. stock market a grip in fixed income.
In exchange for eSpeed, which operates a fully executable central limit order book for electronic trading of U.S. Treasuries, Nasdaq  apart from paying BGC 750 million dollars in cash also agreed for certain contingent issuances of stock that BGC values at up to 484 million dollars over 15 years.
• BGC shares rose 37 percent in trading after the market closed.
• Nasdaq will also issue about 15 million common shares over 15 years as part of the acquisition, pushing the potential value of the transaction to 1.23 billion Dollars.

About NASDAQ

NASDAQ is an American stock market which originally stood for National Association of Securities Dealers Automated Quotations. It is the second-largest stock market comparing to official stock exchanges by market capitalization in the world, after the New York Stock Exchange. The NASDAQ exchange platform is owned by NASDAQ OMX Group, which also owns the OMX stock market network.

MARKETING APTITUDE

MARKETING APTITUDE

Q. ‘Definitely Male’ this advertisement line is for which Motor Cycle?   1 Hero Honda   2 TVS   3 Bajaj   4 LML     Ans: 3

Q. Delivery channels other than Bank counters are .......   1 ATM's   2 Internet Banking   3 Tele Banking   4 All of these     Ans: 4

Q. Marketing is best suited in .....   1 Buyers' market   2 Sellers' market   3 Internal marketing   4 Direct marketing     Ans: 1

Q. Customer's Relationship with the Bank is influenced by .....   1 Customers' attitudes   2 Attitudes of Bank staff   3 Interest rates of the Bank   4 Attitudes of salespersons     Ans: 2

Q. Marketing is Find the wrong option .....   1 an ancient concept   2 a modern need   3 a continuous affair   4 a term effort     Ans: 1

Q. Indirect Marketing means ......   1 Marketing by non-sales persons   2 Market Survey   3 Market Research   4 Advertisements     Ans: 4

Q. Direct Marketing means .......   1 Face-to-face marketing   2 Melas   3 Seminars   4 Indoor marketing     Ans: 1

Q. Effective Bank Marketing requires .....   1 proper pricing   2 customised products   3 simple procedures   4 All of these     Ans: 4

Q. Selling is a function undertaken by .....   1 All the sales persons   2 All the employees   3 Entire organization   4 Outsourced agencies     Ans: 1

Financial inclusion plan main criteria for getting new bank licences: RBI

March 8th, 2013

The Reserve Bank of India (RBI) has said in its new banking license guidelines that the important criteria for processing the application would be the business model of the applicants and it should provide for financial inclusion.As per these guidelines, new banks are required to establish at least 25% of their branches in places with less than 10,000 population.As per the new norms, private corporates and public sector entities must have 10 years experience to be eligible to apply for new licence. The initial paid-up capital for new banks has been set at Rs 500 crore.

Current Affairs 2013

 

                                         Current Affairs 2013

U.K. company ‘Lagan Construction’ bags Maldives airport project

March 21st, 2013

Maldives has chosen U.K.-based Lagan Construction to develop the Addu International Airport.
Maldives had last year cancelled a $511-million contract awarded to Indian infrastructure major GMR for upgrading and development of the Male International Airport.
The termination had led to a row with GMR taking the issue to an arbitration Court in Singapore. Currently, Maldives and GMR are in the process of working out a compensation package.

Infosys to assist India Post to build Rural Systems Integration (RSI) program

March 21st, 2013

Infosys has partnered with India Post to implement and manage a platform that will transform the latter’s rural operations. Infosys will facilitate India Post’s Rural Systems Integration (RSI) program.
This initiative is likely to penetrate the reach of postal services to the country’s rural population, streamlining the distribution of social benefits.
As a partner to the RSI programme, Infosys will develop a service delivery platform using its solutions such as mConnect, TruSync and Finacle. This will allow more than 130,000 rural post offices to offer online services. Besides, it will also connect and manage more than 130,000 handheld devices used by rural postal workers for distribution of social benefits under the National Rural Employment Guarantee Act and process electronic money orders.
Infosys is also assisting India Post to transform its financial services operations and end-user experience under the Financial Services System Integration program

Italian envoy can’t claim immunity: CJI

March 21st, 2013

A Bench of Chief Justice Altamas Kabir and Justices Anil R. Dave and Ms. Ranjana Desai has clarifies to Italian envoy Daniele Mancini that a person who came to the court as a petitioner could not claim any immunity. The Apex court has extended its direction until further orders restraining the envoy from leaving the country.
The Italian Ambassador Daniele Mancini claimed complete immunity under the Vienna Convention.
The Ambassador had signed an undertaking assuring the return of the two marines accused of killing two Indian fishermen. On his assurance the court had allowed the two accused to go to their country to exercise their votes in elections there. However, Italy refused to return the marines insisting that by planning to try the naval mariners India violates its international pledges, specifically the UN Law of the Sea Convention, since the incident occurred in the open sea (as claimed by Italy).
What is Vienna Convention on Diplomatic Relations?
The Vienna Convention on Diplomatic Relations of 1961 is an international pact that defines a framework for diplomatic relations b/w independent nations. It specifies the privileges of a diplomatic mission that enable diplomats to perform their function without fear of coercion or harassment by the host country. This forms the legal basis for diplomatic immunity. It has been ratified by 187 nations.
Summary of the Treaty:
The treaty consists of 53 articles. Key articles of the treaty are:
Article 9: The host nation may at any time and for any reason declare a particular member of the diplomatic staff to be persona non grata. The sending state must recall this person within a reasonable period of time, or otherwise this person may lose their diplomatic immunity.
Article 22: The premises of a diplomatic mission, such as an embassy, are inviolate and must not be entered by the host country except by permission of the head of the mission. Furthermore, the host country must protect the mission from intrusion or damage. The host country must never search the premises, nor seize its documents or property. Article 30 extends this provision to the private residence of the diplomats.
Article 27: The host country must permit and protect free communication between the diplomats of the mission and their home country. A diplomatic bag must never be opened even on suspicion of abuse. A diplomatic courier must never be arrested or detained.
Article 29: Diplomats must not be liable to any form of arrest or detention. They are immune from civil or criminal prosecution, though the sending country may waive this right under Article 32. Under Article 34, they are exempt from most taxes, and under Article 36 they are exempt from most customs duties.
Article 31.1c: Actions not covered by diplomatic immunity: professional activity outside diplomat’s official functions.
Article 37: The family members of a diplomat that are living in the host country enjoy most of the same protectons as the diplomats themselves.

National Bioscience Award 2012

March 21st, 2013

S. Venkata Mohan of the Indian Institute of Chemical Technology, here has won the National Bioscience Award for 2012, awarded by the Department of Biotechnology, for scientists below 45.
He has won the prize for his contributions towards developing technologies for production of clean bio-fuels from waste.

GENERAL AWARNESS

3.	The chemical name of 'Caustic Soda' is a) Potassium Hydroxide b) Aluminium Oxide c) Sodium Hydroxide d) None of these

CURRENT AFFAIRS

REC Signed 250 Million US Dollars Bilateral Term-Loan Agreement with SBI 

Rural Electrification Corporation Limited (REC) on 11 March 2013 signed a bilateral term-loan agreement worth 250 million US Dollars or 1350 crore Rupees approximately, with the State Bank of India at Hong Kong.

G.K

Presidential Elections in India 2012 : Scrutinized Nominations

PRESIDENTIAL ELECTION, 2012
Statement showing Valid Nomination Papers after Scrutiny held on Monday, the 2nd of July, 2012 and Tuesday, the 3rd of July, 2012

IMPORTANT ECONOMIC TERMS

IMPORTANT ECONOMIC TERMS

Accepting house : It is an institution specializing in accepting or guaranteeing bills of exchange.

Account  : It is a record for financial transaction in the form of stock or flows. It is also an arrangement between a seller and a buyer under which a period of credit is allowed before payment

Administered prices: They are prices set by the management decision rather than the negotiation between buyer and seller. The term administered price. Is often used to refer to price fixing by a monopoly firm. A cartel or government bodies some economist have argued that inflexible administered price have been an important contribution cause of inflation.

 Allotment-letter: it is a letter addressed to a subscribed to an issue of share informing him of the number of shares that he has been allotted and- where payment was not made with the application-the amount due.

Amortization  : It is the provision for the repayment of debit by means of accumulating a sinking fund through regular payment which with accumulated interest , may be used to settle the debit in installments over time or in a lump sum. The term is also used an a synonym for depreciation.

           

CURRENT AFFAIR 2013

                                          

China became the World's Fifth-Largest Arms Exporter

A Swedish think tank, Stockholm International Peace Research Institute in the Month of March 2013 mentioned China as the world's fifth largest arms exporter.

The reason of China Being top most arms exporter is evident from the fact that the volume of Chinese weapons exports rose by 162 percent in the five years 2008-2012, compared to the previous five-year period.

Earlier the country was eighth in ranking and it climbed to fifth with an increase in international arms exports from 2 percent to 5 percent.

The report also revealed that the largest buyer of Chinese weapons was Pakistan, which accounted for 55 percent of the country's exports, followed by Myanmar with 8 percent and Bangladesh with 7 percent.

 A number of recent deals indicate that China is establishing itself as a significant arms supplier to a growing number of important recipient states. Such deals include the sale of three frigates to Algeria, eight transport aircraft to Venezuela and 54 tanks to Morocco.

The US with 30 percent of global export volume remains the world's top arms exporter during the 2008-2012 periods. Russia stands in Second Position with 26 percent export while at third and fourth is Germany and France with 7 and 6 percent export volume.

Another major evident as per the report is that Asia dominated the global imports of weapons, with the top five importers all located in that region.

The top 5 arms importers in 2008-2012 (share of international imports)

1. India -12 percent

2. China - 6 percent

3. Pakistan - 5 percent

4. South Korea -5 percent

5. Singapore -4 percent

NASA’s Swift Satellite Discovered one of the Youngest-known Supernova Remnants

 NASA's Swift satellite in the Month of March 2013 discovered one of the youngest-known supernova remnants which is believed to be less than 2500 years old - in our Milky Way galaxy.

                      General Knowledge 2013 

 

9-11: Noam Chomsky
Naari: Humavun Azad
Nai Duniya Ko Salam & Path or Ki Dewar: .Ali Sardar Jafri
Naivedyam (The Offering) :  N. Balamai Amma
Naked Came the Stranger: Penelope Ashe
Naku Thanthi: D R. Bendre
Nana: Emile Zola
Natya Shastra: Bharat Muni
Neela Chand: Shiv Prasad Singh
Nehru and the Language Politics of India: Robert D. King
Nehru Family and Sikhs: Harbans Singh
Nehru–A Political Life: Prof. Judith Brown
Neither Here Nor There ~ Bill Bryson
Nelson Mandela–A Biography: Martin Meredith
Netaji Subhash–Ideology & Doctrine: Amlendu Guha
Netaji–Dead or Alive: Samar Guha
Never At Home: Dom Moraes
New Dimensions of India's Foreign Policy: Atal Bihari Vajpayee
Nice Guys Finish Second: B.K Nehru
Nicholas Nickelby :  Charles Dickens
Nile Basin: Sir Richard Burton
Nine Days' Wonder: John Mansfield
Nineteen Eighty-Four (1984) :  George Orwell
1999–Victory Without War: Richard Nixon
Nirbashita Narir Kabita :  Taslima Nasreen
NirmaJa :  Prem Chand
Nisheeth :  Uma Shankar Joshi

Government Jobs

UCIL - Management Trainee - B.E./M.E, B.Tech/M.Tech, Diploma/ITI, B.Sc/M.Sc, CA/ICWA, M.Phil/Ph.D, Graduate

 SAIL - Management Trainee - B.E./M.E, B.Tech/M.Tech, MBA/ PGDBM, CA/ICWA, BCA/MCA

 Kendriya Vidyalaya - Teacher - B.E./M.E, B.Tech/M.Tech, B.Sc/M.Sc, Diploma/ITI, B.Ed/M.Ed, MBBS, BCA/MCA, MBA/ PGDBM, M.A/M.Com

 NBCC Ltd - Jr. Engineer - B.E./M.E, B.Tech/M.Tech, Diploma/ITI, Any Graduate

 BARC - OCES/ DGFS - B.E./M.E, B.Tech/M.Tech, B.Sc/M.Sc

 ONGC - Asst. Technician / Jr. Assistant/ Technical Asst - B.E./M.E, B.Tech/M.Tech, Diploma/ITI, B.A/B.Com, M.A/M.Com, B.Sc/M.Sc, Post Graduate

 Kerala Minerals and Metals Ltd - Executive Trainee - B.E./M.E, B.Tech/M.Tech, CA/ICWA

 Instrumentation LTD - Engineer - B.E./M.E, B.Tech/M.Tech

 UPSC - Administrative Officer/ Investigator/ Assistant Town and Country Planner - M.A/M.Com, B.Sc/M.Sc, Diploma/ITI, Post Graduate

 Indian Coast Guard - MT Drivers/ Store Keeper/ Draughtsman Grade -III - Graduate, 10th/12th, Diploma/ITI

 TERI University - Research Associate (Trainee)/ Business Development Executive - B.E./M.E, B.Tech/M.Tech, B.Sc/M.Sc, MBA/ PGDBM

 CCMB - Data Entry Operator - Graduate

 IIT Roorkee - Project Fellow - B.E./M.E, B.Tech/M.Tech

 IIT Bombay - Senior Research Engineer - B.E./M.E, B.Tech/M.Tech, M.Phil/Ph.D

 IISER Mohali - Ph.D. Programme - B.E./M.E, B.Tech/M.Tech, MBBS, Master's Degree

 IIT Hyderabad - Project Asst./ Sr. Project Asst./ Project Technician/ Sr. Project Technician - B.E./M.E, B.Tech/M.Tech, BCA/MCA, B.Sc/M.Sc

 University of Delhi - Ph.D. Programme - MBA/ PGDBM, M.Phil/Ph.D, M.A/M.Com, B.Sc/M.Sc, Master's Degree

 Chennai Mathematical Institute - Ph. D Programme - B.E./M.E, B.Tech/M.Tech, B.Sc/M.Sc, BCA/MCA

 University of Pune - Project Asst - B.E./M.E, B.Tech/M.Tech, B.Sc/M.Sc

 NIT Goa - Asst. Professor - B.Sc/M.Sc, M.A/M.Com, MBA/ PGDBM, B.E./M.E, B.Tech/M.Tech, M.Phil/Ph.D

 NITIE Mumbai - Post Graduate Diploma in Industrial Engineering/ Fellow doctoral Programme - B.E./M.E, B.Tech/M.Tech, CA/ICWA, M.A/M.Com, Master's Degree

 TERI University - Business Coordinator - B.E./M.E, B.Tech/M.Tech, MBA/ PGDBM

 National Aerospace Laboratories - Technician - 10th/12th, Diploma/ITI

 IIT Kharagpur - Assistant Librarian/ Assistant Registrar / Engineer / Executive Engineer - Master's Degree, B.E./M.E, B.Tech/M.Tech, BCA/MCA, B.Sc/M.Sc, M.A/M.Com, Bachelor Degree

 CIMFR - Project Fellow - B.E./M.E, B.Tech/M.Tech, B.Sc/M.Sc

 Tamil Nadu PSC - Assistant Statistical Investigator - Graduate

 CBSE - Stenographer - Post Graduate, Bachelor Degree

 Indian Ordnance Factories - Trade Apprenticeship Training - Diploma/ITI

 Kendriya Vidyalaya Darjipura - TGT/ PRT/ Computer Instructor/ Nurse - B.E./M.E, B.Tech/M.Tech, BCA/MCA, B.Sc/M.Sc, Diploma/ITI, B.Ed/M.Ed

Mizoram PSC - Combined Competitive Examinations - Graduate

Bank Clerical Examination | Computer and Marketing Aptitude

1. FDI stands for _

(a) Foreign Direct Investment
(b) Foreign Diverse Investment
(c) Frequent Direct Interest
(d) Follow-up Discreet Intent

2. The following is not a function of the DGFT

(a) DGFT entrusted with the responsibility of implementing various policies regarding trade for example, Foreign Trade Policy.
(b) DGFT is the licensing authority for exporters, importers, and export and import business.
(c) DGFT can prohibit, restrict and regulate exports and imports
(d) DGFT acts as market regulator controlling foreign company stocks

3. What is Rupee depreciation?

(a) Rupee depreciation means that rupee has become less valu­able with respect to dolllar
(b) Rupee depreciation means dollar has become less valuable than rupee
(c) Rupee depreciation means a situation when value of rupee is same as euro
(d) Rupee depreciation happens when the combined value of dollar and euro is more than rupee

4. Directorate General of Foreign Trade (DGFT) notified that the Commerce Ministry on on 11 January 2012 lowered the minimum export price of onions by $100 a tonne to $150 a tonne.What was the purpose

(a) To enhance import
(b) To boost export
(c) To lower prices in the domestic market
(d) To facilitate crop clearance

5. Indirect tax does not include _

(a) Customs
(b) Central Excise
(c) Sales Tax
(d) Service Tax

6. Telecom Commission, the decision-making body of the Department of Telecommunications recommended a uniform licence fee of what per cent of adjusted gross revenues (AGR) as against the prevalent rate of 6-8 per cent?

(a) 10%
(b) 8%
(c) 5.2%
(d) 9.3%

7. What is the current repo rate (as on January 2012) fixed by the RBI?

(a) 8%
(b) 8.5%
(c) 7.5%
(d) 7%

8. CRISIL is a _

(a) Credit rating agency
(b) Employment exchange watchdog
(c) Infrastructure sector guide
(d) Market regulator

9. A committee on mutual funds, constituted by SEBI in december 2011 recommended to the regulator’s board to break down the bifurcation within the fee structure known as expense ratio. Which of the following facts are not true with regard to the above statement?

A. Currently  mutual funds are allowed to charge up to 2.25% as expense ratio. fund houses are allowed to accept only 1.25% as asset management charges
B. Funds with large corpuses currently charge 1.55% as expenses charges
C. SEBI was suggested to keep overall scheme expenses unchanged at 2.25% for schemes with assets under management not exceeding Rs 400 crore
D. Expense ratio is more than important in debt schemes where the rate of return is not hig.

(a) 1 & 2
(b) 3 & 4
(c) 1 & 3
(d) Only 2
(e) None of the above

10. The Centre for Development of Telematics (C-DoT) on 5 December 2011 transferred indigenously-developed Gigabit Passive Optical Network (GPON) technology to seven telecom equipment manufacturers. Which of the following facts about the technology is not true?

A. The GPON technology is a pivotal component required for broadband connectivity over optical fibre.
B. C-DOT indigenously designed and developed GPON technology, which can be used to provide triple play (voice, video and data) through fibre-based networks
C. The GPON technology was tested, validated, field-evaluated and made operational in MTNL's/VSNL’s network in Ajmer (Rajasthan)
D. The technology will help fulfil requirements of major national programmes like the National Optical Fibre Network and the State Wide Area Network

(a) Only 2
(b) Only 3
(c) Only 4
(d) 1 & 2

11. By Public Sector we mean

(a) Government ownership on commerce and trade
(b) Capitalist ownership on commerce and trade
(c) Private ownership on trade
(d) None of these

12. IN which list does Economic Planning belong to

(a) Union list
(b) State list
(c) Concurrent list
(d) Not any specified list

13. _ forms a part of the Interest Rate Policy

(a) Fiscal Policy
(b) Industrial Policy
(c) Monetary Policy
(d) None of these

14. The share of road transport in total transport of the country is–

(a) 20%
(b) 40%
(c) 60%
(d) 80%

15. Which percentage of Central Taxes have been recommended by the 12th Finance Commission to be transferred to States ?

(a) 28.5%
(b) 29.5%
(c) 30.5%
(d) 31.5%

16. 'Customisation' means __

(a) Tailor-made products for each customer
(b) Customers selling goods
(c) Tailor-made products for each staff
(d) A selling process
(e) None of these

17. A Marketing Survey is required for __

(a) deciding marketing strategies
(b) deciding Product strategies
(c) deciding pricing strategies
(d) All of these
(e) None of these

18. Cross-selling means __

(a) Selling with a cross face
(b) Cross country marketing
(c) Selling other products to existing customers
(d) Selling to friends

19. Credit cards are used for -

(a) Cash withdrawals
(b) Purchase of air tickets
(c) Purchase of consumable items from retail outlets
(d) All of these
(e) None of these

                     TCP PIPS RELIANCE TO BECOME LARGEST COMPANY BY M-CAP

India's biggest software service firm tata consultancy services has pipped reliance industries to become the largest company by market capitalization on the last day of trading in 2011. Market capitalization in the total worth of company in the term of the share is its equal to the share price multiplied by the total no of the shares. Reliance industries lost its position  as the country most valued company to tata group of firm TCS as the shares of billionaires Mukesh Ambani-led corporate gaint fell sharply in a weak market. 

                                      PRIME MINISTER ADDRESSES THE UN GENERAL ASSEMBLY

Prime Minister Dr. Manmohan Singh addressed the 66th session of the UN General Assembly in Newyork USA on september 24, 2011 . Dr. Singh expressed concern over the deepening world economic crisis which poses serious threat to the global financial system.

120.The Reserve Bank of India (RBI) was nationalized on

 (1) 1 January, 1949 (2) 1 July, 1955

 (3) 19 July, 1969 (4) 15 April, 1980

 (5) None of the above

121.Which of the following acts govern the RBI functions?

 (1) RBI Act,1934      (2) Banking Regulation Act, 1949

 (3) Companies Act, 1956

 (4) Foreign Exchange Regulation Act, 1973

 (5) Foreign Exchange Management Act,

122. The RBI is not expected to perform the function of

 (1) the banker to the government

 (2) accepting deposit from Commercial  Banks

 (3) accepting deposits from general public

 (4) issuer of currency

 (5) None of the above

123. Headquarters of Reserve Bank of India is in

 (1) New Delhi  (2) Mumbai (3) Kolkata 

 (4) Chennai (5) Hyderabad

124. The first Governor of the Reserve Bank of India 

       from 1 April1935 to 30 June, 1937 was

 (1) Sir Osborne Smth  (2) Sir James Taylor

 (3) C.D. Deshmukh

 (4) Sir Benegal Rama Rao (5) KG. Ambegaonkar

125.22nd and Current Governor of Reserve Bank of 

     India is 

 (1) Manmohan Singh (2) C. Rangarajan 

 (3) Bimal Jalan  (4) Y.V. Reddy

 (5) D. Subbarao

126.Which of the following rates is not decided by RBI?

 (1) Bank Rate  (2) Repo Rate (3) Reverse Repo Rate

 (4) Prime Lending Rate  (5) Cash Reserve Ratio

127 .The Reserve Bank of India was set up on the    recommendations of the

 (1) Narasimham Committee 

 (2) Hilton-Young Commission

 (3) Mahalanobis Committee

 (4) Fazal Ali Commission  (5) None of the above

128. Which of the following formulates. implements 

       and monitors the monetary policy?

 (1) Ministry of Finance  (2) RBI

 (3) SBI (4) ICICI Bank  (5) None of the above

129.Which of the following is th central banking    institution India?

 (1) State Bank of India  (2) Ministry of Finance 

 (3) Reserve Bank of India

 (4) Finance Commission of India

 (5) None of the above

130. The Reserve Bank of India had divested its stake 

     in State Bank of India to

 (1) IDBI Bank (2) LIC (3) ICICI Bank

 (4) Government of India (5) None of the above

131. At Present the RBI holds one per cent of  shareholding in?

 (1) State Bank of India         (2) National Housing Bank

 (3) State Bank of Hyderabad

 (4) National Bank for Agriculture and Rural Development  (NABARD)

 (5) None of the above

132. The number of regional offices of RBI is

 (1) 20  (2) 21   (3) 22 (4) 23   (5) None of these

133. In India, the RBI prescribes the minimum SLR  level for Scheduled
       Commercial Banks in India in specified assets as a percentage of Bank’s

 (1) Net Demand and Time Liabilities

 (2) Demand Liabilities (3) Time Liability

 (4) None of the above (5) All of the above

134 . CRR refers to the share of that banks Rural have 

     to maintain with RBI of their net demand and time   liabilities.

 1) Liquid cash   (2) forex reserves 

 (3) gold  (4) liquid cash  (5) None of the above

135.The RBI has adopted _____ Model in which mobile   banking and is
     promoted through business correspondents of banks.

 1) Bank Led  (2) Band Mobile (3) Mobile 

 (4) All of these S) None of these

136. Services offered to government departments include   all the above except 

 (1) payments of salaries and pensions

 (2) distributing RBI bonds to government departments

 (3) direct and indirect tax collections

 (4) remittance facilities (5) None of the above

137. Which of the following is/are known as Banker’s Bank?

 (1) SBI  (2) NABARD (3) RBI 

 (4) All of these (5) None of these

138. Which of the following is the central bank of the  country?

 (1) RBI  (2) SBI (3) RRB 

 (4) NABARD (5) None of these

139 . RBI was established on

 (1) April 1, 1935   (2) March 1, 1935

 (3) April 1, 1934   (4) March 1, 1934 

 (5) None of these

140. Which of the following is/are functions of the RBI?

 (I) Acts as the currency authority

 (ii) Controls money supply and credit

 (iii) Manages foreign exchange

 (iv) Serves as a banker to the government

 (1) (i) and (Ill)  (2) (ii) and (iii)

 (3) (i), (ii) and (iii)  (4) (i), (ii), (iii) and (iv)

 (5) None of these

141. Central Bank

 (1) creates (2) controls  (3) restricts

 (4) all of these  (5) None of these

142  credit investment.

 (1) Dear (2) Cheap  (3) Restricted

 (4) Green (5) None of these

143. Quantitative instrument of RBI can be

 (1) bank rate policy (2) cash reserve ratio

 (3) statutory liquidity ratio  (4) All of the above

 (5) None of the above

144. Objective of monetary policy of RBI is to

 (1) control inflation

 (2) discourage loarding of commodities

 (3) encourage flow of credit into neglected sector

 (4) All of the above  (5) None of the above

145. When RBI is lender of last resort, what does it mean?

 (1) RBI advances necessary credit against eligible        securities

 (2) Commercial Banks give fund to the RBI

 (3) RBI advances money to public whenever there is any       emergency

 (4) All of the above (5) None of the above

146. When RBI acts as a banker to the government, what   does it do?

 (1) RBl keeps bank accounts of the government

 (2) RBI carries out government transactions

 (3) RBI advises the government on all financial and        monetary matters

 (4) All of the above (5) None of the above

147. The merit of issuing notes with RBI can be seen is

 (1) uniformity   (2) stability in currency

 (3) control of credit (4) All of the above

 (5) None of the above

148. Which of the following is not an objective of financial   sector reform in India?

 (1) Creating an efficient, productive and profitable financial sector industry

 (2) Preparing the financial system for increasing international competition

 (3) Opening the external sector in a calibrated fashion

 (4) Reducing the fiscal deficit

 (5) Promote the maintenance of financial stability even in the face of domestic and
      external environment

149. The Narsimham Committee-I was set up in

 (1) 1990  (2) 1991  (3) 1992 

 (4) 1998 (5) 2000

150. The Narsimham Committee-I was set up to suggest   some recommendations for
      improvement in the 

 (1) efficiency and productivity of the financial institution 

 (2) banking reform process  (3) export of IT sector 

 (4) fiscal reform process (5) None of the above

151.  The Narsimham Committee-Il was set up to suggest   some recommendations for
     improvement in the

 (1) efficiency and productivity of the financial institution

 (2) banking reform process (3) export of IT sector

 (4) fiscal reform process (5) None of the above

152.  The Narsimham Committee, 1991 has given which 

       of the following major recommendations

 (i) Reduction in the SLR and CRR.

 (ii) Phasing out Directed Credit Programme.

 (iii) The determination of the interest rate should be on the grounds of market forces
     such as the demand for and the supply of fund.

 (iv) The actual numbers of public sector banks need to be reduced.

 (v) ‘Narrow Banking Concept’ where weak banks will be allowed to place their funds
     only in short-term and risk free assets.

 Select the correct answer using the following codes

 (1) i,ii and v (2) i, iii, iv and v  (3) i,ii,iii and v

 (4) ii, iii, iv and v (5) i, ii, iii and iv

153.  Which of the following is not correct about the    recommendations of
      Narsimham Committee Report,   1998?

 (1) Reduced CRR and SLR 

 (2) Deregulation of Interest Rate 

 (3) Establishment of the ARE Tribunal

 (4) Fixing Prudential Norms  (5) Capital Adequacy Norms

154.  Basel I, which was issued in 1988, focuses on the

 (1) capital adequacy of financial institutions

 (2) improvement of the banking sectors ability to deal with  financial and economic stress 

 (3) technology up gradation 

 (4) training of banking staff 

 (5) professionalism in banking

155.  In 1991, SLR was as high as

 (1) 25%  (2) 30%  (3) 38.5%

 (4) 39.5%  (5) 40%

156.  Narsimham Committee recommended to reduce   

       SLR and CRR to

 (1) 25% and 3.5% respectively

 (2) 24% and 3.5% respectively 

 (3) 25% and 3% respectively

 (4) 20% and 5% respectively 

 (5) 25% and 5% respectively

157. Which of the following is not a recommendation of   the Narsimham Committee, 1991?

 (1) Reduction of CRR and SLR

 (2) Phasing out directed credit programme 

 (3) Reduction of Capital Adequacy Ratio

 (4) Establishment of ARE Fund 

 (5) Autonomy to Public Sector Bank

158. Which of the following guidelines were issued by   Reserve Bank of India in
     January 1993 for the entry   of Private Sector Banks in the wake of Narasimham 
     Committee recommendation 

 (1) The new bank, upon being granted license under the Banking Regulation Act by RBI,
     Shall be registered as a public limited company under the Companies Act, 1956

 (2) Its inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 shall be
     sunject to Reserve  Bank’s decision

 (3) Preference would be given to those banks the  headquarters of which are proposed to be located in the      centre which does not have the headquarters of any other     bank

 (4) (1) and (3)   (5) All of these

159. The RBI has prescribed that a new Private Sector   Bank

 (1) shall be subject to prudential norms in regard to income    recognition, asset classification and provisioning, capital    adequacy, etc.

 (2) shall have to observe priority sector lending targets as    applicable to other domestic banks

 (3) will be required to open rural and semi-urban branches    also as may be laid down by RBI

 (4) None of the above (5) All of above

160.  A new Private Sector Bank

 (1) would be governed by existing branch licensing policy    where by banks could open branches including at urban/   metro centres without prior approval of RBI once capital    adequacy and prudential accounting norms were satisfied

 (2) will be governed by the provisions of the RBI Act, 1934    the Banking Regulation Act, 1949 and other relevant     statutes

 (3) would be subject to the directives, guidelines and advices    given by the Reserve Bank of India

 (4) None of the above  (5) All of the above

161.  To create a strong and competitive banking system,   reform measures were initiated in early 1990s. The   thrust of these reforms was on

 (1) increasing operation efficiency

 (2) strengthening supervision over banks

 (3) developing technological and  institutional infrastructure

 (4) All of the above  (5) None of the above

162.  What does EBT stands for?

 (1) Electronic Belated Transfer

 (2) Electric Beginners Transaction

 (3) Electronic Benefit Transfer

 (4) Electronic Beginning Transaction

 (5) None of the above

163.  On the recommendations of which of the following   committee Regional Rural Banks were established?

 (1) Tarpore Committee           (2) Narasimham Committee

 (3) Karmakar Committee       (4) Kelker Committee 

 (5) Jha Committee

164.  RRBs were set up on 

 (1) 1975  (2) 1985 (2) 1991 

 (4) 2001 (5) 1965 

165.  The total authorized capital of RRBs was originally   fixed at 1 crore which has since been raised to

 (1) Rs. 2crore (2) Rs. 3 crore (3) Rs. 5 crore

 (4) Rs. 7 crore  (5) Rs. 10 crore

166.  At present, the formula for subscription to RRBs 

        capital has been fixed at

 (1) Central Government 50%, State Government 35% and      Sponsor Bank 15%

 (2) Central Government 60%, State Government 20% and          Sponsor Bank 20%

 (3) Central Government 30%, State Government 30% and      Sponsor Bank 40%

 (4) Central Government 35%, State Government 35% and        Sponsor Bank: 30%

 (5) Central Government 50%, State Government 25% and            Sponsor Bank: 25%

167.  Central Government’s contribution towards the 

        capital of RRBs is made through

 (1) NABARD (2) RBI  (3) SBI

 (4) Central Cooperative Bank   (5) State Cooperative Bank

168.  The Sponsor Bank helps and aids the RRB sponsored   by it by

 (i) Subscribing to its share capital.

 (ii) Training its personnel.

 (iii) Providing managerial and financial assistance during the       first five years or extended period.

 Select the correct answer by using the following codes

 (1 )  i  and ii  (2) ii and iii   (3) i and ii  

 (4) i, ii, and iii  (5) None of these

169.  The Sponsor Banks are empowered

 (1) to monitor the progress of RRBs

 (2) to conduct inspection and internal audit 

 (3) to suggest corrective measures

 (4) All of the above  (5) None of the above

170.  Each of the RRBs covers districts ranging from

 (1) 1 to 15   (2) 2 to25 (3) 3 to 25 

 (4) 2 to 15 (5) 1 to 5 

171.  The main resources of RRBs are

 (1) share capital

 (2) deposits from the public 

 (3) borrowing from Sponsor Banks

 (4) refinance from NABARD  (5) All of the above

172.  RRBS are refinanced at 

 (1) 2% below the bank rate  (2) 1% below the bank rate  (3) 2% below the repo rate   (4) 1% below the repo rate

 (5) repo rate

173.  RRBs are owned by

 (1) Central Government         (2) State Government

 (3) Sponsor Bank                 (4) jointly by all of the above

 (5) None of the above

174. The main resources of RRBs are

 (i) share capital.               (ii) deposits from the public. 

 (iii) borrowing from Sponsor Banks. 

 (iv) refinance from NABARD.

       Select the correct answer

 (1) i and ii (2) i, ii and iii (3) iii and iv

 (4) ii, iii and iv  (5) i, ii, iii and iv

175. The number of directors on the boards of RRBs has   been raised to

 (1) 14  (2) 15      (3) 16     (4) 17   (5) 18

176.  The issued/paid-up capital of a Regional Rural Bank   should be

 (1) Rs. 60 lac

 (2) minimum Rs. 25 lac and maximum Rs. 100 lac

 (3) Rs. 80 lac (4) Rs. 90 lac (5) None of the above

177.  Under which category will Ofl classify Regional 

       Rural Banks?

 (1) Scheduled Commercial Banks 

 (2) Co-operative banks           (3) Private sector banks 

 (4) Development banks          (5) None of the above

178. Paid-up share capital of Region Rural Bank is    contributed by

 (1) Central Government only

 (2) State Government only

 (3) Central Government,  State Government and the sponsor      commercial bank in the ratio of 50: 15: 35 respectively

 (4) NABARD, the concerned Government and the sponsor      commercial bank in the ratio of 60:20 :20 respectively

 (5) All of the above

179.  Regional Rural Banks are empowered to transact 

      the business of banking as defined under

 (1) Banking Regulation Act, 1949

 (2) Negotiable Instruments Act, 1881

 (3) Regional Rural Banks Act, 1976

 (4) The Banking Companies (Acquisition and Transfer of      Undertakings) Act, 1970

 (5) None of the above

180.  RRBs are permitted to undertake corporate agency   business, without risk participation, for distribution   of all types of insurance products, including health   and animal insurance subject to the condition that

 (1) The bank should comply with the Insurance Regulatory      and Development Authority (IRDA) regulations for acting      as ‘composite corporate agent’

 (2) The bank should not adopt any restrictive practice of      forcing its customers to go in only for a particular        insurance company in respect of assets financed by       the bank

 (3) The risks, if any, involved in insurance agency should       not get transferred to the business of the bank

 (4) Only (2) and (3)   (5) All of the above

181. Regional Rural Banks are managed by

 (1) Reserve Bank of India      (2) a board of directors

 (3) the sponsor bank            (4) the State Government

 (5) All of the above

182. Deposits with Regional Rural Banks are insured by

 (1) Life Insurance Corporation of India

 (2) General Insurance Corporation

 (3) Deposit Insurance and Credit Guarantee Corporation

 (4) None of the above (5) All of the above

183. For opening a new branch, a Regional Rural Bank   requires

 (1) permission of NABARD

 (2) permission of Director, Institutional Finance

 (3) RBI license  (4) All of the above

 (5) approval of DRDA

184. Regional Rural Banks are classified as

 (1) scheduled commercial banks 

 (2) subsidiaries of the sponsor banks

 (3) subsidiaries of NABARD (4) All of the above

 (5) None of the above

 185.  For the purpose of Income Tax Act, 1961, the regional   rural banks are treated as

 (1) scheduled commercial banks

 (2) non-scheduled banks  (3) nationalised banks

 (4) co-operative banks  (5) None of the above

186. On the current account balances maintained by the   Regional Rural Banks with them, the commercial banks   may

 (1) pay interest up to 9 per cent

 (2) waive incidental charges

 (3) pay interest as applicable to savings accounts

 (4) pay interest at such rates as may be mutually agreed to

 (5) All of the above

187.  All regional rural banks (RRBs) are required to 

      maintain their entire statutory liquidity ratio (SLR) in

 (1) government and other approved securities

 (2) current accounts with sponsor banks

 (3) time deposits with sponsor banks

 (4) gold holdings only (5) All of the above

188. Which of the following statements about Regional   Rural Banks are correct?

 (1) Sponsor banks’ travellers cheques can be issued by RRBs

 (2) RRBs can enter into arrangements with the sponsor banks      for providing remittance facilities to its customers

 (3) Where RRBs can afford the investment, they can install      lockers also

 (4) Only (1) and (2) (5) All of the above

189.Reserve Bank has permitted RRBs for opening/

        maintaining Non-Residents (Ordinary /External) 

        accounts in rupees and for acceptance of FCNR (B) 

        deposits subject to the condition that

 (1) The bank should have a positive net-worth and earned      net profit during the preceding year

 (2) The bank should not have defaulted in maintenance of      CRR/SLR requirements on more than three occasions      during the preceding two years

 (3) Net NPA level of the bank should not exceed five per      cent of the outstanding advances as on March 31 of the      preceding year

 (4) Only (2) and (3) (5) All of the above

190. The Regulatory Authority Regional Rural Banks is

 (1) Sponsor bank  (2) Central Government

 (3) State Government (4) RB land NABARD

 (5) All of the above

191. Which of the following are the recommendations of   the Internal Group (Chairman : Shri A V Sardesai) set   up by RBI in regard to strengthening and viability of   RRBs? 

 (1) merger/amalgamation of RRBs to improve operational      viability

 (2) change of sponsor banks to enhance competitiveness.

 (3) governance and management and scope for improving     profitability

 (4) None of the above (5) All of the above

192. Which of the-following measure have been taken to   enlarge resources available to RRI3s?

 (1) Lines of credit at a reasonable rate of interest from       sponsor banks

 (2) Access to inter-RRB term money/ borrowings

 (3) Access to repo / CBLO markets

 (4) All of the above  (5) None of the above

193.  With a view to increase their resource base, RRBs 

       have been permitted to

 (1) issue of credit/debit cards and setting-up of ATMs

 (2) open Currency Chests

 (3) handle pension and other government business as sub-     agents of those banks which are authorised to conduct      government business

 (4) Only (1) and (2) (5) All of the above

194.  Which of the following conditions are required to be   fulfilled by a Regional Rural Bank to be eligible for   opening of new branches?

 (1) It should not have defaulted in maintenance of SLR and      CRR during the last two years

 (2) It should be making operational profits  

 (3) Its net worth should show improvement and its net NPA      ratio should not exceed 8 per cent

 (4) Only (1) and (2) (5) All of the above

195.  Co-operative Banks in India are registered under

 (i) Banking Laws (Cooperative Societies) Act, 1965.

 (ii) Banking Regulations Act, 1949. 

 (iii) Companies Act, 1956.

      Select the correct answer using the following codes

 (1) only i  (2) i and ii (3) ii and iii 

 (4) i, ii and iii (5) i, and iii

196.  Co-operative Development Bank was set up by

 (1) NABARD (2) RB! (3) SB! 

 (4) Central Government (5) None of the above

197.  Co-operative banks in India do not finance rural 

       areas under

 (1) Farming  (2) Cattle (3) Milk 

 (4)Small scale units (5) Personal finance

198.  Which of the following is not a negotiable 

        instrument?   (2) semi-negotiable instrument? 

 (1) Promissory note  (2) Bill of exchange 

 (3) Cheque (4) Bank Draft (5) Share certificate

199.  Those instruments which can be transferred by    endorsement and delivery, but the transferee does not   get a better title than that of the transferor is called

 (1) negotiable instruments

 (2) semi-negotiable instruments 

 (3) non-negotiable instruments

 (4) All of the above (5) None of the above

200.  Transfer of any instrument to another person by    signing on its back or face or on a slip of paper    attached to it is known as :

 (1) promissory note  (2) bill of lading

 (3) bill of exchange  (4) endorsement

 (5) None of the above

201.  Which of the following is not a prerequisite for a    promissory note?

 (1) drawn on a specified banker

 (2) It should be unconditional

 (3) It should be in writing

 (4) It should be made and signed by the debtor

 (5) It should be payable in the currency of the country

202.  A bill of exchange in which a bank orders its branch   or another bank, as the case may be, to pay a specified   amount to a specified person or to the order of the   specified person is called

 (1) cheque (2) bank draft (3) promissory note 

 (4) bill of exchange (5) None of the above

203.  Which of the following is not a party of bill of    exchange?

 (1) The Drawer (2) The Drawee (3) The Payee

 (4) The Endorser (5) None of the above

204.  Which of the following is/are the right(s) of customer   towards his banker?

 (1) To receive a statement of his account from a banker

 (2) To sue the bank for any loss and damages

 (3) To sue the banker for not maintaining the secrecy of his      account

 (4) All of the above (5) None of the above

205.  When an endorser waives presentment and notice   of dishonour he increases his liability. His     endorsement is:

 (1) facultative endorsement      (2) qualified endorsement

 (3) alternative endorsement      (4) restrictive endorsement

 (5) None of the above

206. All of the following are examples of Quasi Negotiable   Instruments, under the Negotiable Instrument Act,   1881, except

 (1) Dividend Warrants (2) Share Warrants

 (3) Bearer Debentures (4) Promissory Note

 (5) None of the above

207.  Section 131 of Negotiable Instrument Act, 1881 

        extends protection to the

 (1) Paying Banker (2) Collecting Banker

 (3) Advising Banker (4) Issuing Banker

 (5) All of the above

208.  Which of the following is not considered as 

    negotiable instrument under the Negotiable 

     Instruments Act, 1881?

 (1) Bill of exchange (2) Promissory note

 (3) Share certificate 

 (4) Cheque payable to bearer

 (5) Cheque with ‘not negotiable’ crossing

209. Which of the following is not considered as an    instrument negotiable by custom or usage?

 (1) Delivery orders for goods 

 (2) Railway receipts for goods

 (3) Hundi 

 (4) Government promissory notes  (5) Cheques

210. Under the Negotiable Instrument Act, 1881, an    instrument which is incomplete in some respects, is   called a/an

 (1) Foreign instrument            (2) Inland instrument 

 (3) Inchoate instrument          (4) Ambiguous instrument 

 (5) Fictitious instrument

211.  Which of the following is an example of ‘restrictive   crossing’?

 (1) Not Negotiable  (2) State Bank of India 

 (3) A/c Payee  (4) Company

 (5) Two transverse parallel lines simply drawn across the      face of the cheque

212.  Which of the following is not a payment in due 

        course?

 (1) Payment made in accordance with the apparent tenor of      the instrument

 (2) A payment is made on an instrument before the date of      maturity

 (3) Payment is made to a person who is in possession of      the instrument either as a holder or a person authorised      to receive payment on behalf of holder

 (4) Payment made in good faith and without negligence

 (5) Payment made to a person in possession of an instrument     payable to bearer or one that is, endorsed in blank

213. When a bill is drawn, accepted or indorsed for    consideration, it is called a/an

 (1) Accommodation bill             (2) Genuine trade bill 

 (3) Escrow                      (4) Ambiguous instrument 

 (5) Inchoate instrument

214.  Which of the following is a prerequisites for transfer   of a negotiable instrument?

 (1) Crossing  (2) Acceptance 

 (3) Noting with a Notary (4) Blank indorsement

 (5) Mere delivery or indorsement and delivery

215.  Which of the following statements is correct about   promissory note?

 (1) It need not be in writing

 (2) An implied promise is enough to constitute a valid       promissory note

 (3) The promise to pay must be definite and unconditional

 (4) The name of the pyee need not be mentioned

 (5) The payment can be in kind

216.  The legal relationship between a bank and its 

        customer is a kind of

 (i) Debtor and Creditor          (ii) Principal and Agent

 (iii) Pledgor and Pledgee      (iv) Mortgagor and Mortgagee

 Select the correct answer by using the following codes

 (1) i and ii (2) i, iii and iv (3) i, ii, iii and iv

 (4) i and ii (5) i, ii and iii

217.  Since, acceptance of deposits and granting of loans   are the two general functions of a bank, the          relationship arising out of these two main activities is   known as

 (1) principal and agent relationship

 (2) financer and finance relationship 

 (3) bailor and bailee relationship

 (4) general relationship     (5) specific relationship

218.  Which of the following is not an obligation of bank   towards its customer?

 (1) Pay bills as per the instructions of the customer

 (2) Act as per the directions given by the customer

 (3) Submit periodical statements, i.e., informing customers      of the state of the account

 (4) Not to set off a debt owed to him by a creditor from the      credit balances held in other accounts of the borrower

 (5) Maintain secrecy of accounts

219.  Which of the following statement is not correct    regarding a minor?

 (1) A minor is a person who has not attained the age of 18

 (2) Minor does not have legal capacity to enter into a contract

 (3) A current account in the name of minor can be opened      when guardian of the minor operates this account

 (4) A minor’s account should never be allowed to 

    be overdrawn

 (5) In the event of death of a minor, the money will be payable      to the guardian

220.  Money deposited with the bank becomes a debt due

 (1) from the banker (2) from the customer 

 (3) to the customer (4) Either 1 or 2

 (5) None of the above

221.  KYC means

 (1) Know your customer very well

 (2) Know your existing customer very well

 (3) Know your prospective customer very well

 (4) Satisfy yourselves about the customer’s identity and      activities

 (5) All of the above

222. Mahesh and Suresh are friends aged 14 and 15    respectively. They want to open a joint account in your   bank. You will

 (1) allow them to open a joint account to be operated jointly

 (2) allow them to open a joint account with operating        instructions either or survivor

 (3) allow them to open a joint account with operating        instructions former or survivor

 (4) allow them to open a joint account with operating        instructions any one or survivor

 (5) None of the above

223.  NABARD was set up as an apex Development Bank   with a mandate for facilitating credit flow for    promotion and development of

 (1) agriculture                    

 (2) small-scale industries

 (3) cottage and village industries

 (4) handicrafts and other rural crafts

 (5) All of the above

224.  On the recommendation of which committee 

       NABARD was established?

 (1) The Committee to Review Arrangements for Institutional       Credit for Agriculture and Rural Development

 (2) Narshimham Committee  (3) Chelliaha Committee

 (4) Kelkar Committee            (5) None of the above

225.  NABARD was set up with an initial capital of ‘Rs. 

     100 crore, which was enhanced to

 (1) Rs. 1,000 crore  (2) Rs. 2000 crore

 (3) Rs. 3000 crore  (4) Rs. 4000 crore (5) Rs. 5000 crore

226.  On the recommendations of which committee, the   NABARD was established?

 (1) Shivaraman Committee (2) Basel Norms 

 (3) Narasimham Committee  (4) All of the above 

 (5) None of the above

227.  Which of the following statements is not correct 

      about NBFCs?

 (1) An NBFC cannot accept demand deposits

 (2) These institutions trade in the capital market in a variety      of assets and liabilities

 (3) An NBFC can issue cheques drawn on itself

 (4) Deposit insurance facility of Deposit Insurance and Credit      Guarantee Corporation is not available for NBFC     depositors

 (5) NBFIs act as brokers of loanable funds and in this           capacity they intermediate between the ultimate saver       and the ultimate investor.

228.  The working and operations of  NBFCs are regulated   by

 (1) SEBI  (2) RBI          (3) Finance Ministry, Gol

 (4) IRDA (5) None of the above

229.  Which of the following is a kind of non-banking    financial institutions?

 (1) Equipment leasing company 

 (2) Hire purchase company (3) Loan company

 (4) Investment company  (5) All of the above

230.  Which of the following is not correct about the    acceptance of deposits by the NBFCs?

 (1) They are allowed to accept/renew public deposits for a      minimum period of 12 months and maximum period of     60 months

 (2) They cannot accept deposits repayable on demand

 (3) They should have minimum investment grade credit rating

 (4) Their deposits are not insured

(5) The repayment of deposits by NBFCs is guaranteed by      RBI

231.  Any financial intermediary whose principal business   is that of buying and selling of securities is called

 (1) equipment leasing company

 (2) hire purchase company (3) loan company

 (4) investment company (5) None of the above

232.  Life Insurance in its modern form came to India from   England in the year

 (1) 1818  (2) 1896  (3) 1905 

 (4) 1907 (5) 1919 

233.  Which of the following statements about insurance   business in India is not correct?

 (1) Oriental Life Insurance Company was the first life        insurance company on Indian Soil

 (2) Bombay Mutual Life Assurance Society was the first       Indian life insurance company

 (3) The Life Insurance Companies Act and the Provident       Fund Act were passed 1949

 (4) The Insurance Regulatory and Development Authority       was established in the year 1999

 (5) From March 21, 2003 GIC ceased to be a holding       company of its subsidiaries

234.  In which year had the Insurance Regulatory and    Development Authority come into force?

 (1) 1999  (2) 2000 (3) 2001 

 (4) 1991 (5) 1993

235.  By taking out insurance cover an individual

 (1) reduces the cost of an accident 

 (2) reduces the risk of an accident

 (3) transfers the risk to someone else 

 (4) converts the possibility of large loss to certainty of a      small one

 (5) reduces the certainty of major loss

236.  Which of the following is an example of NBFCs?

 (1) Unit Trust of India

 (2) Life Insurance Corporation

 (3) General Insurance Corporation 

 (4) All of the above (5) None of the above

237.  A company which pools money from investors and 

 invests in stocks, bonds, shares is called

 (1) A bank                    (2) An insurance company

 (3) Bank assurance               (4) Mutual fund

 (5) None of the above

238. Bank assurance is

 (1) an insurance scheme to insure bank deposits

 (2) an insurance scheme to insure bank advances

 (3) a composite financial service offering both bank and      insurance products

 (4) a bank deposit scheme exclusively for employees of      insurance companies

 (5) None of the above

239.  Which was the first mutual fund started in India?

 (1) SBI Mutual Fund             (2) Indian Bank Mutual Fund

 (3) Kotak Pioneer Mutual Fund 

 (4) Unit Trust of India  (5) None of the above

240. The regulator of mutual fund in India is

 (1) FIMMDA   (2) AMFI   (3) RBI   (4) SEBI (5) None of these

241. FIMMDA’s general principles and procedures are    applicable to

 (1) Fixed income markets (2) Money markets

 (3) Derivative markets (4) All of the above

 (5) None of the above

242. Which is the principal institution for promotion,    financing and development of small scale industries   in the country?

 (1) RBI  (2) SBI (3) IDBI  (4) SIDBI   (5) None of these

243. The UTI was established in 

 (1) 1956  (2) 1964   (3) 1972 

 (4) 1976 (5) None of these

244. Which of the following mobiise/s the savings of the   public to specifically invest in the industrial securities?

 (1) UTI  (2) LIC (3) GIC 

 (4) All of these (5) None of these

245. Whcih of the following is/are ‘Term Deposits’?

 (1) Fixed deposits                  (2) Re-investment deposits 

 (3) Recurring deposits            (4) None of the above 

 (5) All of the above

246. Which of the following is not correct about Non-   Banking Financial Companies (NBFCs)?

 (1) NBFC can not accept demand deposits

 (2) NBFC is not a part of the payment and settlement       system

 (3) NBFC can issue cheques drawn on itself

 (4) NBFCs are fast emerging segment of Indian financial      system

 (5) None of these

247. The working and operations of NBFCs are regulated   by 

 (1) SBl  (2) RBI (3) Finance Ministry 

 (4) All of these  (5) None of these

248.  Which of the following is not correct about 

 Development Banks in India?

 (1) The Development Banks do not seek or accept deposits       from the public

 (2) They provide short term finance

 (3) The Development Banks promote economic       development by promoting investment and enterprise

 (4) Development Banks are those banks engaged in the      promotion and development of industry, agriculture,     exports and other key sectors.

 (5) All of the above

249.  Which of the following is the first Development 

      Bankof India?

 (1) Industrial Finance Corporation of India

 (2) State Finance Corporation

 (3) Industrial Credit and Investment Corporation of India

 (4) State Industrial Development Corporations

 (5) National Bank for Agriculture and Rural Development

250.  The Small Industries Development Bank of India 

      was established in

 (1) 1975  (2) 1980 (3) 1982 

 (4) 1989 (5) 1990

251.  The erstwhile Industrial Reconstruction Bank of 

     India (IRBI) is now known as

 (1) Industrial Finance Corporation of India

 (2) Industrial Credit and Investment

 (3) Corporation of India Industrial Development Bank of      India

 (4) State Industrial Development Corporations

 (5) Industrial Investment Bank of India LTD

252.  National Housing Bank was established in

 (1) 1975  (2) 1980 (3) 1985 

 (4) 1988  (5) 1990

253.  Industrial Development Bank of India was            established as a subsidiary of

 (1) Reserve Bank of India

 (2) State Bank of India

 (3) Industrial Credit and Investment Corporation of India

 (4) State Industrial Development Corporations

 (5) Small Industries Development Corporation Bank of India      (SIDBI) was established in 1989

254.  Which of the following is not an objectives of SIDBI?

 (1) To initiate the process of modernisation and technical       upgradation of the present units

 (2) To facilitate the marketing of the products of the small       scale sector in India and abroad

 (3) to give loans both to the private as well as public sector      undertakings in the field of commodity production,       mining and services such as hotels and transport

 (4) to provide special aid to labour intensive industries to      enable them to provide more employment

 (5) To provide refinancing factoring, leasing services to the      small sector

255.  ‘Development Banks’ are

 (1) branches of Commercial Banks, whether in private or      public sector, situated in rural areas for upliftment of      weaker sections of the society

 (2) financial institutions which provide long term finance to      industries

 (3) land development banks which provide developmental      financing to agriculture

 (4) (2) and (3)  (5) None of the above

256.  SEBI was established in

 (1) 1993 (2) 1992 (3) 1988 

 (4) 1990 (5) 1994