Static Awareness Quiz for Bank Exams Set – 2

Static Awareness Quiz

Dear Readers,

Welcome to Mentor for Current Affairs. Here I am presenting Static Awareness Quiz for Bank Exams Set – 2 for upcoming bank exams like IBPS/BOB. Aspirants preparing for those exams can make use of these updates. Thank you.

1. “Kolkata” is located on the bank of the ____________ River.

A) Hooghly

B) Teesta

C) Damodar

D) Mahananda

E) Subamarekha

2. “National Handloom Day” is observed on __________

A) August 7th

B) August 3rd

C) August 17th

D) August 12th

E) August 5th

3. CENSUS 2011 was ________ CENSUS after Independence.

A) 6th

B) 8th

C) 7th

D) 9th

E) 5^th

4. As per CENSUS 2011, India has more than ________ % of its population below the age of 25 years.

A) 30%

B) 35%

C) 40%

D) 45%

E) 50%

5. Which among the following is capital of “Argentina”?

A) Sucre

B) Quito

C) Santiago

D) Bogota

E) Buenos Aires

6. Which of the following is the capital of “Canada”?

A) Havana

B) Ottawa

C) Mexico

D) Kingston

E) Quito

7. Currency of “Belgium” is ____________

A) Franc

B) Peso

C) Pound

D) Euro

E) Sterling

8. Which of the following is the oldest currency in the World?

A) Dollar

B) Pound

C) Franc

D) Yen

E) Euro

9. “National Defence Academy (NDA) is situated in which city?

A) Luck now

B) Jalandhar

C) Pune

D) Bangalore

E) Patna

10. Every year “8th March” is celebrated as __________

A) World Day of Social Justice

B) International Day of Happiness

C) International Mother Language Day

D) World Wildlife Day

E) International Women’s Day

Answers:

1)a   2)a   3)c   4)e   5)e   6)b   7)d   8)b   9)c   10)e

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Platinum Award for Inclusive Insurance: Ujjivan

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Ujjivan Financial Services Ltd, bags award

Ujjivan Financial Services Ltd, a microfinance institution, has won the Platinum Award for Inclusive Insurance at the SKOCH Insurance Awards 2016.

The platinum award is the highest independent honour given for inclusive insurance and was presented to Ujjivan for the company’s exemplary work on financial inclusion initiatives, exceptional customer service, insurance penetration and for covering the highest number of lives through insurance.

The award was given to Ujjivan for conceptualising and implementing a comprehensive end-to-end whole nine yards’ project to create awareness and achieve an 100 per cent insurance penetration among the economically active and financially weaker segments of its customer base, who are normally deprived of insurance protection.

Vijay Balakrishnan, Chief Marketing Officer, Ujjivan Financial Services Ltd said, “Ujjivan is honoured to receive this award.

Creating strategic product awareness and penetrating into a segment hardly aware about insurance, its benefits or affordability, was not an easy task.

This reinforces Ujjivan’s commitment to provide the full range of financial services to the economically active financially weaker segment of our society, as we progress in our transformation to become a small finance bank.”

Ujjivan Financial Services Ltd:

Ujjivan is an Indian microfinance services company, established in 2005. Ujjivan disbursed Rs. 4,328 crore during the financial year 2014-15. The company clocked its net profit at Rs 55.03 crore for FY 2013-14. Since its inception, it has 423 branches in 24 states across India with a staff of over 6,500 employees.

Ujjivan is one of the founding members of Microfinance Institutions Network (MFIN) and Association of Karnataka Microfinance Institutions – organizations for propagating best practices in microfinance industry.

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Banking Awareness Quiz for Bank Exams Set – 2

Banking Awareness Quiz

Dear Readers,

Welcome to Mentor for Current Affairs. Here I am presenting Banking Awareness Quiz for Bank Exams Set – 2 for upcoming bank exams like IBPS/BOB. Aspirants preparing for those exams can make use of these updates. Thank you.

00:00:00

1. What does the letter “F” denotes in the Acronym FMCG?

A. Foreign

B. Fixed

C. Financial

D. Fast

E. Fiscal

2. Which of the following rates signals the RBI’s long term outlook on interest Rates?

A. Repo Rate

B. Reserve Repo Rate

C. Bank Rate

D. Cash Reserve Ratio (CRR)

E. Statutory Liquidity Ratio

3. Who among the following is not present “Deputy Governor” of Reserve Bank of India [RBI]?

A. Urjit Patel

B. Shyamala Gopinath

C. R.Gandhi

D. H.R.Khan

E. S.S.Mundra

4. A “Certificate of Deposit” can be issued by _____________

A. Bank / Financial Institution

B. Corporate Companies

C. Central / State Governments

D. Municipal Corporation

E. Any of the above

5. New Private Sector Banks are being given licenses since ____________

A. 1991

B. 1993

C. 1996

D. 1999

E. 2001

6. Which one of the following methods is currently used in India to issue notes?

A. Proportional Reserve System

B. Fixed Fiduciary System

C. Minimum Reserve System

D. Fiscal Reserve System

E. Budget Reserve System

7. “Nikkei” is a stock market index of which of the following Asian country?

A. Japan

B. China

C. Hong Kong

D. South Korea

E. Singapore

8. Which of the following is the minimum interest rate fixed by individual banks below which cannot lend funds, except cases the govt. Sponsored schemes?

A. Bank Rate

B. Base Rate

C. Repo Rae

D. Market Rate

E. Exchange Rate

9. “CTS” stands for ____________

A. Cheque Transfer System

B. Cheque Trade System

C. Cheque Truncation Solution

D. Cheque Truncation System

E. Cheque Transfer Solution

10. ___________ per depositor across all banks is the maximum Deposit amount insured by Deposit Insurance Credit Guarantee Corporation (DICGC).

A. Rs.25,000

B. Rs.50,000

C. Rs.1,00,000

D. Rs.2,00,000

E. Rs.5,00,000

Answers:

1)d (FMCG – Fast Moving Consumer Goods also known as Consumer Packaged Goods)  

2)c   3)b   4)a   5)b   6)c   7)a   8)b   9)d   10)c

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Carlo Azeglio Ciampi, Former Italian Prime Minister, Dies at 95

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Carlo Azeglio Ciampi, Former Italian Prime Minister, Dies at 95

Carlo Azeglio Ciampi, a former prime minister and president of Italy and a highly respected economist who, as treasury minister, helped usher in the euro, died on Friday. He was 95.

Mr. Ciampi’s death, after a long illness, was confirmed by the Italian Senate, where he served as senator for life. He had been hospitalized in recent days in Rome after his condition worsened, the news agency ANSA reported, citing his doctor. No other details were provided.

As prime minister from April 1993 to May 1994, Mr. Ciampi led postwar Italy’s first technocratic government during a sweeping corruption inquiry that reshaped the country’s political landscape. He was president from 1999 to 2006, and governor of the Bank of Italy for 14 years.

Mr. Ciampi never belonged to a political party, and in 1993 he became the first prime minister who had not been elected to Parliament. He was governor of the central bank when President Oscar Luigi Scalfaro named him prime minister on an interim basis. Asked to shepherd a nation rocked by corruption scandals, he was chosen because he was considered above politics.

As prime minister, Mr. Ciampi enforced a policy of tight state spending and deficit cuts after years of freewheeling government spending. He resigned after 13 months, saying that he considered the country to be on its way to recovery.

A firm believer in the euro, he ensured, as treasury minister, that Italy passed the test to be among the founding eurozone members in 1997 by reducing the deficit to 2.7 percent from 6.4 percent. He said it was important for Italy to be part of the new currency from the beginning. Otherwise, he said, “the Mediterranean component, the real cradle of European civilization, would have been marginalized.”

Mr. Ciampi was born on Dec. 9, 1920, to a bourgeois family in the Tuscan port city Livorno. He attended a Jesuit school, joined the army in 1941 and graduated with a degree in literature from the prestigious Normal University in Pisa before taking a second degree in law

He became secretary general of the Bank of Italy in 1973 and was appointed to the top post, central bank governor, in 1979. He sought during his 14-year term to defend the central bank’s independence.

He is survived by his wife, Franca, and two children.

Prime Minister Matteo Renzi recalled Mr. Ciampi as “a man of the institutions who served Italy with passion.” Pope Francis said Mr. Ciampi had “covered his public responsibilities with masterly discretion and a strong sense of state.”

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India slips 10 notches in World Economic Freedom Index 2016

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India (112th) slips 10 notches in World Economic Freedom Index 2016

India has slipped 10 positions and ranks behind Bhutan (78), Nepal (108) and Sri Lanka (111) but stood higher than China (113), Bangladesh (121) and Pakistan (133) in the World Economic Freedom Index 2016. Hong Kong topped the index, followed by Singapore and New Zealand among 159 countries.

The Economic Freedom of the World: 2016 Annual Report, released worldwide on Friday by the Centre for Civil Society, a public policy think tank, along with Canada’s Fraser Institute, measures the degree of economic freedom in countries in five broad areas based on 2014 data -- size of government: expenditure, taxes and enterprises; legal structure and security of property rights; access to sound money; freedom to trade internationally and regulation of credit, labour, and business.

As per the report India has fared badly in all categories i.e. legal system and property rights (86), sound money (130), freedom to trade internationally (144) and regulation (132) except the size of the government (8).

The 10 lowest-ranked countries are Iran, Algeria, Chad, Guinea, Angola, Central African Republic, Argentina, Republic of Congo, Libya and lastly Venezuela. Other notable countries include the United States (16), Germany (30), Japan (40), France (57) and Russia (102).

“The economic freedom index of a country is directly proportional to the freedom and opportunities available to its citizens. People living in countries with high levels of economic freedom enjoy greater prosperity, more political and civil liberties, and longer lives. On the contrary, countries at the lower levels of freedom index tend to suppress its citizens’ freedom and rights” said Parth Shah, Founder and President, Centre for Civil Society, in a release.

In the top quartile, the average income of the poorest 10 per cent was $11,283, compared with $1,080 in the bottom quartile in 2014. Interestingly, the average income of the poorest 10 per cent in the most economically free nations was twice the average per capita income in the least free nations, says the report.

Life expectancy was 80.4 years in the top quartile compared with 64 years in the bottom quartile, while political and civil liberties were also considerably higher in economically free nations.

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PM Modi launches irrigation and drinking water supply projects in tribal areas of Gujarat

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PM Modi launches irrigation and drinking water supply projects in tribal areas of Gujarat

Prime Minister Narendra Modi has dedicated the water supply and irrigation projects worth of 4800 crore rupees in Gujarat at Limkheda in tribal district of Dahod.

Mr. Modi has also handed over the forest land titles to the tribal people of Dahod and adjoining districts.

AIR correspondent reports that six water supply projects worth 1757 crore rupees and four lift irrigation projects worth another 2,000 crore rupees are under the Gujarat Vanbandhu Kalyan Yojna.

The six water supply projects will provide drinking water to about 21-lakh people residing in 960 villages including 23 settlements in Dahod, Mahisagar, Narmada and Chhota Udepur districts.

Similarly, the four lift irrigation projects based on Kadana- Karjan and Kakrapar Reservoirs will provide irrigation in 97,455 hectares of land in Dahod, Narmada, Mahisagar and Surat districts. Dahod district alone will get benefits for lift irrigation projects worth 1055 crore rupees from Kadana Reservoir and drinking water projects worth Rs.890 crore from the Narmada based Hafeshwar.

In another program, Prime Minister Narendra Modi will distribute Aids and Assistive Devices to the persons with Disabilities at Samajik Adhikarita Shivir at Navsari in South Gujarat.

The function was organized by Department of Empowerment of Persons with Disabilities, Ministry of Social Justice & Empowerment.

More than 11 thousand Persons with Disabilities will be provided free-of-cost assistive equipment worth 10 crore rupees.

This camp also holds the prospect of entering the ‘Guinness Book World Records’ in three categories namely most people fitted with hearing aid in eight hours, Largest wheelchair logo image and most oil lamps lit simultaneously at the single venue.

Prime Minister will depart for Delhi late this evening from Surat Airpot.

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Ajinkya Rahane, Rohit Sharma conferred with Arjuna Award

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Ajinkya Rahane, Rohit Sharma conferred with Arjuna Award

The Minister of State (Independent Charge) for Youth Affairs & Sports, Shri Vijay Goel here today conferred Arjuna Awards to cricketers Rohit Sharma and Ajinkya Rahane in a function held at Jawaharlal Nehru Stadium.

Rohit Sharma was conferred Arjuna Award for the year 2015 and Ajinkya Rahane for the year 2016. Sharma and Rahane could not earlier receive the Arjuna Awards from the President of India, as they were participating in international tournaments.

Speaking on the occasion Shri Goel said that while there is no doubt that cricket is among the most popular game in India, the current government under the leadership of Prime Minister Shri Narendra Modi is committed to promote indigenous and other sports as well. He said, the recent success of Athletes at Paralympics, 2016 has made every Indian proud.

The Arjuna Awards, instituted in 1961, are given to sportspersons for consistently outstanding performance for four years preceding the year of award and who have also shown qualities of leadership, sportsmanship and a sense of discipline. The awardees are given a statuette, a certificate, ceremonial dress and award money of Rs. 5 lakh.

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India finishes 2nd in Track Asia Cup

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India finishes 2nd in Track Asia Cup

India ended their campaign in the Track Asia Cup at second position at the Cycling Velodrome in IG Stadium in New Delhi today. India got eight medals, including two gold, on the final day of the competition today.

With this, India's medals tally comprises 16 with five gold, four Silver and seven bronze. Hong Kong topped the table with 18 medals which comprise 11 Gold, four Silver and three bronze.

India's Deborah Herold, in her Final Sprint event, clinched the top position with a time of 12.576 minutes and 12.493 minutes in the first and second rounds, respectively. She beat Zhaojuan of Hong Kong, who clocked 12.820 minutes and 12.734 minutes in both the rounds to settle for a silver.The third position was taken by Farina Shawati of Malaysia with a time of 12.552 and 12.342.

Another Indian -- Kezia Vargheese -- missed the bronze medal by a whisker, finishing fourth in this event. Deborah, however, lost the gold medal in her favourite event -- Keirin -- and managed to win a silver ahead of her teammate Kezia Varghesse, who bagged the bronze.The 21-year-old Deborah turned out to be the star performer for the country, having clinched three gold and one silver.

In the Men's Elite Keirin event, Indian cyclist Amarjeet Singh finished 8th, but in the Junior Keirin competition, Emerson won the bronze medal for India.

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US playwright Edward Albee dies aged 88

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US playwright Edward Albee dies aged 88

US playwright Edward Albee, the author of “Who's Afraid of Virginia Woolf?” has died aged 88.

Albee's assistant said he died on Friday at his home on Long Island near New York. No cause of death was given.

A three-time Pulitzer Prize winner, he was arguably America's greatest living playwright after the deaths of Arthur Miller and August Wilson in 2005,

Albee was awarded Pulitzers for A Delicate Balance, Seascape and Three Tall Women.

Often bleakly humorous, his plays explored the darker sides of marriage, religion, raising children, and American life.

His best-known work, Who's Afraid of Virginia Woolf?, a portrait of a decaying marriage set over one evening, was denied the 1963 Pulitzer Prize after debuting on Broadway the previous year.

The prize's advisory board ruled that the work was not sufficiently "uplifting" because of its profanity and sexual themes.

The work did win a Tony Award for best play, and was later adapted for a film starring Richard Burton and Elizabeth Taylor.

In 1996 he described the effect of the play's success: "I find Virginia Woolf hung about my neck like a shining medal of some sort - really nice but a trifle onerous."

The same year he was awarded a National Medal of the Arts by then-president Bill Clinton.

Albee continued to write into his 70s, and 2008 saw the premiere of a new play, Me, Myself and I, about identical twins.

A few years ago, before undergoing major surgery, Albee penned a short statement to be published at the time of his death: "To all of you who have made my being alive so wonderful, so exciting and so full, my thanks and all my love," he wrote.

Albee's longtime partner, sculptor Jonathan Thomas, died in 2005.

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Union Water Resources Ministry signs MoU with Agriculture Ministry to take up organic farming

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Union Water Resources Ministry signs MoU with Agriculture Ministry to take up organic farming

The Union Water Resources Ministry has signed an MoU with the Agriculture Ministry to encourage farmers of over 5,000 villages along the Ganga to take up organic farming, which will help curb pollution caused by chemical fertiliser-laden runoff in the river.

Union Water Resources Minister Uma Bharti and Agriculture Minister Radha Mohan Singh attended the MoU signing event in New Delhi Friday.

As per the MoU, the Agriculture Ministry will develop organic farming in over 5,000 villages along the Ganga with each Gram Panchayat representing a cluster under Paramaparagat Krishi Vikas Yojana.

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India and Nepal pledge not to allow their territory to be used against each other

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India and Nepal pledge not to allow their territory to be used against each other

India and Nepal have pledged that they will not allow their territory to be used against each other.

A joint statement issued after delegation-level talks between Prime Minister Narendra Modi and his Nepalese counterpart Pushpa Kamal Dahal Prachanda said this in New Delhi Friday.

It stressed the need to ensure that the open border is not allowed to be misused by unscrupulous elements posing security threats to either side.

Both countries also agreed to set up a mechanism to review the progress of economic and developmental projects on regular basis. They reviewed the progress of other major hydro-power projects, Pancheshwar, Upper Karnali and Arun-III.

The two leaders noted that various issues should be addressed expeditiously to implement the projects in a time-bound manner.

It was also agreed upon that both sides will continue to take measures to operationalise the Power Trade Agreement signed in 2014.

The Nepal Prime Minister shared with Mr Modi the efforts made by his present government to take all sections of Nepali society on board for effective implementation of the constitution.

The two Prime Ministers stressed on the need for early development of infrastructure at integrated check posts (ICPs) to facilitate smooth and faster movement of people and goods.

They expressed satisfaction over the progress in construction of ICPs at Raxaul and Jogbani, and agreed to expedite work on the Raxaul-Birgunj ICP project to complete it by December.

Both sides agreed to initiate steps to facilitate development of three other agreed cross-border rail-link projects so that the land acquisition can commence on the Nepali side.

Nepal also reiterated its support for India's candidature for permanent membership of the UN Security Council.

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