Important GK News

 

Chiefs of Defence Forces

• Chief of Air Staff: Air Chief Marshal Norman Anil Kumar Browne, PVSM, AVSM, VM, ADC (* these all are name of Madel they got *)
• Chief of Army Staff: General Vijay Kumar Singh, PVSM, AVSM, YSM, ADC
• Chief of Naval Staff: Admiral Nirmal Verma, PVSM, AVSM, ADC
• Chief of Integrated Defence Staff: Vice Admiral Devendra Kumar Joshi, AVSM, YSM, NM, VSM

Members of Parliament (Lok Sabha)

·         total 33 only

Members of Parliament (Rajya Sabha)

·          Total members found: 18

Banks to redress ATM related complaints within 7 days-

             The RBI has been receiving complaints from the bank customers regarding non-disbursement of funds from ATMs despite debiting of the same from the accounts. The banks are taking considerable time in reimbursing the amount involved in account of the card holder in such failed transactions.

                       By considering the guidelines of  RBI -The government  of India  took the stand  and said  that banks have been told to redress customer complaints of ATMs not dispensing cash despite debiting the amount within seven working days, and pay compensation at the rate of Rs 100 per day thereafter. The time limit for resolution of customer complaints by the issuing banks has been reduced from 12 working days to 7 working days from the date of receipt of customer complaint.

                        Failure to re-credit the customer's account within 7 working days of receipt of the complaint shall entail payment of compensation to the customer at the rate of Rs 100 per day by the issuing bank.The customer, will be entitled to the compensation, provided the claim is lodged within 30 days of the date of transaction,under the (Payment and Settlement  system Act,2007). 

BANK EXAM QUESTION PAPERS

Indian Bank Probationary Officers Exam. 2011 Solved Paper

1. On which one of the following ‘Head of Expenses’, the expenses of the Government of India are highest ?
(A) Food subsidy
(B) Fertilizer subsidy
(C) Pradhan Mantri Gram Sadak Yojana
(D) Maintenance of national highways
(E) Oil subsidy
Ans : (A)

2. Which one of the following foreign agencies will assist the municipal agencies to improve quality of municipal schools through its School Excellence Programmes (SEP) ?
(A) IMF
(B) UNDP
(C) UNICEF
(D) ADB
(E) None of these
Ans : (C)

3. Which of the following carries out ‘Open Market Operations’ ?
(A) Finance Ministry
(B) External Affairs Ministry
(C) Reserve Bank of India
(D) Planning Commission
(E) Ministry of Commerce
Ans : (C)


4. Who among the following Ministers will hold telecom portfolio in addition to his own portfolio till next reallotment ?
(A) Kamal Nath
(B) Kapil Sibal
(C) Pranab Mukherjee
(D) Mamta Banerjee
(E) None of these
Ans : (B)

5. Under provisions of which one of the following Acts, the RBI issues directives to the Banks in India ?
(A) RBI Act
(B) Banking Regulation Act
(C) Essential Commodities Act
(D) RBI and Banking Regulation Act
(E) None of these
Ans : (B)

6. Which one of the following tools is used by RBI for selective credit control ?
(A) It advises banks to lend against certain commodities
(B) It advises banks to recall the loans for advances against certain commodities
(C) It advises banks to charge higher rate of interest for advance against certain commodities
(D) It discourages certain kinds of lending by assigning higher risk weights to loans it deems undesirable
(E) None of these
Ans : (C)

7. For which one of the following Loan Products ‘teaser loans’ are offered by Banks ?
(A) Education Loans
(B) Commercial Loans
(C) Loans against security of gold
(D) Retail Trade Loans
(E) Home Loans
Ans : (E)

8. The Commonwealth Games 2010 were held in Delhi from October 3 to 14, 2010. Who amongst the following picked up the Game’s first gold medal ?
(A) Augustina Nwaokolo
(B) Ravinder Singh
(C) Azhar Hussain
(D) Carol Huynh
(E) None of these
Ans : (A)

9. In which one of the following cities was the recent meet of G–20 Countries organised ?
(A) Tokyo
(B) Seoul
(C) London
(D) Beijing
(E) Singapore
Ans : (B)

10. As per recent newspaper reports, which one of the following countries (among the given) has highest literacy rate ?
(A) India
(B) Sri Lanka
(C) China
(D) Vietnam
(E) Bangladesh
Ans : (D)

11. Which one of the following has decided to give guarantee for infra loans ?
(A) IDBI
(B) SBI
(C) IIFCL
(D) SIDBI
(E) None of these
Ans : (C)

12. In which one of the following States is the uranium project proposed to be set up ?
(A) Manipur
(B) Meghalaya
(C) Orissa
(D) Assam
(E) Nagaland
Ans : (C)

13. Amongst 169 countries on Human Development Index which one of the following is India’s rank ?
(A) 89
(B) 91
(C) 119
(D) 129
(E) 138
Ans : (C)

14. What is ‘Kaveri’ ?
(A) India’s indigeneous aircraft engine
(B) India’s low cost laptop
(C) India’s Air to Air Missile
(D) India’s guided Surface to Air Missile
(E) Unmanned Aircraft acquired from Israel
Ans : (A)

15. An increasing finished good stock as % to sales of a manufacturing Company indicates that ……….
1. the market is getting competitive
2. the quality of the goods is not upto the mark
3. the production cost has increased
4. the production has decreased
(A) Only 1 and 2
(B) Only 2 and 3
(C) Only 3 and 4
(D) Only 3
(E) Only 4 and 1
Ans : (A)

16. Which one of the following has got RBI nod to issue prepaid cards to its clients ?
(A) LIC
(B) GIC
(C) SIDBI
(D) NABARD
(E) None of these
Ans : (A)

17. For which one of the following reasons is an amendment in Companies Bill 2009 proposed ?
(A) To provide more powers to Department of Company Affairs
(B) To provide regulatory powers to Department of Company Affairs
(C) To make Indian Accounting Standards applicable with effect from 1.4.2011
(D) To ensure smooth convergence of the Indian Accounting Standards with IFRS
(E) None of these
Ans : (E)

18. As per recent newspaper reports, India’s public debt rises 2•8 per cent to Rs. 28 lakh crore. Which one of the following is the reason that has forced commercial banks to buy Government securities ?
(A) Lack of credit growth
(B) Increase in credit growth
(C) Raising of repo rate
(D) Raising of reverse repo rate
(E) None of these
Ans : (A)

19. In which one of the following States Sariska Tiger Reserve is located ?
(A) M. P.
(B) U. P.
(C) Orissa
(D) Gujarat
(E) Rajasthan
Ans : (E)

20. On which one of the following characters, Biometric security is based ?
(A) Finger prints and palm recognition only
(B) Face recognition and voice recognition only
(C) Hand writing and manual recognition only
(D) Only (A) and (B)
(E) All (A), (B) and (C)
Ans : (D)

21. Which one of the following may be the consequence of buying forex in the marked by the RBI ?
(A) It leads to inflation
(B) It leads to control over inflation
(C) It does not affect inflation
(D) It results into deflation
(E) None of these
Ans : (A)

22. Under provisions of which one of the following Acts, the Reserve Bank of India has the power to regulate, supervise and control the banking sector ?
(A) RBI Act
(B) Banking Regulation Act
(C) Negotiable Instrument Act
(D) RBI and Banking Regulation Act
(E) None of these
Ans : (B)

23. Who amongst the following is the author of the book ‘The God of Small Things’ ?
(A) Chetan Bhagat
(B) V. S. Naipul
(C) Namita Gokhale
(D) Kiran Desai
(E) Arundhati Roy
Ans : (E)

24. Which one of the following has proposed $ 11 billion infrastructure debt fund ?
(A) NABARD
(B) SBI
(C) RBI
(D) Ministry of Finance, Govt. of India
(E) Planning Commission
Ans : (D)

25. Myanmar’s pro-democracy leader Suu Kyi is a ……….
(A) 42 years old politician
(B) Bharat Ratna
(C) Military General
(D) Nobel Prize winner
(E) None of these
Ans : (D)

26. Which one of the following factors influence working capital of a unit ?
(A) Seasonality of operations only
(B) Production Policy only
(C) Suppliers Term only
(D) Only (A) and (B)
(E) All (A), (B) and (C)
Ans : (E)

27. One of the following states is a major producer of spices ……….
(A) Karnataka
(B) Tamil Nadu
(C) Kerala
(D) Gujarat
(E) Manipur
Ans : (C)

28. The NAV of a mutual fund ……
(A) Is always constant
(B) Keeps going up at a steady rate
(C) Fluctuates with market price movements
(D) Cannot go down at all
(E) None of these
Ans : (E)

29. The expansion of TRAI is …….
(A) Telecom Regulations and Inspection
(B) Transport Regulatory Authority of India
(C) Train Regulatory Authority of India
(D) Telecom Regulatory Authority of India
(E) Transfer Regulations Act of India
Ans : (D)

30. ASBA, a facility while applying / submitting an application for purchase of shares under a public issue, is ……….
(A) Applications Simple Balance Amount
(B) Amount Saved and Balance in Account
(C) Already Savings Blocked Amount
(D) Applications Supported by Blocked Amount
(E) None of these
Ans : (D)

31. A Saving Bank Deposit Account is one where ……….
(A) Amounts are deposited and are withdrawn as per requirement of the customers
(B) The deposits are made only once in a year
(C) Periodical Fixed amount are deposited month wise and withdrawals are allowed after a fixed period
(D) All the above
(E) None of these
Ans : (A)

32. Who is the Chief Minister of Maharashtra at present ?
(A) Ashok Chavan
(B) R. R. Patil
(C) Vilasrao Deshmukh
(D) Sushil Kumar Shinde
(E) None of these
Ans : (E)

33. The expansion of CDMA is …….
(A) Calculated Division of Many Applications
(B) Computer Divided Multiple Access
(C) Code Diversified Memory Applications
(D) Code Division Multiple Access
(E) None of these
Ans : (D)

34. ‘Merdeka Cup’ is associated with the game of ……….
(A) Tennis
(B) Hockey
(C) Badminton
(D) Cricket
(E) Football
Ans : (E)

35. Which of the following is a financial asset ?
(A) Gold
(B) Silver
(C) Shares in a demat account
(D) Land & buildings
(E) None of these
Ans : (C)

36. Zero balance account is generally allowed to be opened for ……….
(A) Salaried class
(B) businessmen
(C) foreign customers
(D) children
(E) Senior Citizens
Ans : (A)

37. In Deposits Account ‘KYC’ (Know Your Customer) has been implemented in 2002 as per directive of ……….
(A) IBA
(B) RBI
(C) Ministry of Finance
(D) SEBI
(E) IRDA
Ans : (B)

38. The regulator of the banking system in India is………
(A) AMFI
(B) Finance Minister
(C) SEBI
(D) IBA
(E) RBI
Ans : (E)

39. Ten Rupee notes contain the signature of………
(A) Finance Secretary, GOI
(B) Chairman, State Bank of India
(C) Governor, Reserve Bank of India
(D) Finance Minister, GOI
(E) Prime Minister
Ans : (C)

40. Statue of Liberty is the national monument of ……….
(A) Italy
(B) Australia
(C) France
(D) Denmark
(E) USA
Ans : (E)

41. Loan against the security of immovable property is by executing an agreement of ……….
(A) Assignment
(B) Pledge
(C) Transfer
(D) Mortgage
(E) None of these
Ans : (D)

42. Credit Rating ……….
(A) is used to rate the borrowers while giving advances
(B) is used to work out performance of the employees
(C) is used to calculate the number of excellent audit rated branches
(D) is NOT used in any Bank
(E) is necessary before giving promotion to employees
Ans : (A)

43. Who amongst the following is the recipient of the ‘Dadasaheb Phalke Award 2010’ ?
(A) Javed Akhtar
(B) Amitabh Bachchan
(C) Gulzar
(D) Hema Malini
(E) None of these
Ans : (E)

44. In Corporate Hedging, which one of the following types of risks can be covered ?
(A) Liquidity risk
(B) Currency risk
(C) Credit risk
(D) Transaction risk
(E) None of these
Ans : (B)

45. Bank of Rajasthan is now merged with which of the following banks ?
(A) AXIS Bank
(B) IDBI Bank
(C) ICICI Bank
(D) HDFC Bank
(E) None of these
Ans : (C)

46. As per GDP figures on calendar year basis, according to World Bank, which one of the following economies will have highest GDP growth in the year 2011 ?
(A) US
(B) China
(C) Japan
(D) India
(E) Brazil
Ans : (B)

47. In respect of infrastructure bonds issued under provisions of Section 80 CCF of the Income Tax Act, what is the maximum amount (Rs. in thousands), upto which these bonds can be covered ?
(A) 30
(B) 20
(C) 40
(D) 50
(E) None of these
Ans : (E)

48. Which of the following is the full form of the abbreviation ‘IFRS’ as used in corporate / finance sector ?
(A) Indian Financial Reconciliation Standards
(B) Interpretation and Formal Reporting System
(C) International Financial Reporting Standards
(D) International Financial Reporting System
(E) None of these
Ans : (C)

49. As per the new guidelines issued by SEBI, companies are required to list shares within how many days of the closure of the Initial Public Offers (IPOs) ?
(A) 60 days
(B) 12 days
(C) 30 days
(D) 45 days
(E) None of these
Ans : (D)

50. RTGS stands for ……….
(A) Real Time Gross Settlements
(B) Reduced Time Gross Settlements
(C) Relative Time Gross Settlements
(D) Real Total Gross Securities
(E) None of these
Ans : (A)

Rajan Mathai is new foreign Secretary

                Ambassador to france RajanMathai has been appointed foreign Secretary.He will replace Nirupama Rao.A 1974 batch officer of the Indian foreign service,Mathai has served in Europe,the US and the Middle east,besides a spell in Sri Lanka.

1. What meaning “little bits of gold” in Spanish was introduced by Alex Foods in 1964? (Hint given: Alex Foods was later acquired by Frito Lays)

Ans: Doritos

2. What is the name of the Venture capital fund started by Infosys N.R.Narayana Murthy from a Tamil Root word?

Ans:Catamaran

3. Complete this Quote by Coco Chanel: I want to give women….. a scent that smells like a _________ not like a flower.

Ans: Women

4. In the year 2000, which film personality did “LEGO” teamed up to create the movie maker set for children?

Ans: Steven Speilberg

5. Which entrepreneur initial stands for “Gorur Ramasamy Iyengar”?

Ans: Capt. GR Gopinath

6. Which company (retailing) is known for introducing “Blue light Specials” as they occurred at surprise moments when store worker would light up a mobile police light & offer a discount in a specific department of the store?

Ans: KMart

7. Which Tobacco company’s crest features the word “Veni, Vidi, Vici” meaning “I came, I saw, I conquered”?

Ans: Philip Morris

8. Based on the patented invention created by Clyde J. Coleman & Charles F. Kettering, what was first installed in “Cadillac” in 1911? Later on, it was also introduced in two-wheelers?

Ans: Self starter / Electric starter

9. What started out as a cable television channel called “pinwheel” then changed to “orange splat”?

Ans: Nickelodeon

10. What was unveiled by Steve Ballmer on May 28, 2009 at D: All Things Digital Conference hosted by the Wall Street Journal?

Ans: Bing

11. Who became the youngest ambassador of the United Nations “World food programme” in 2004?

Ans: Football player Kaka

12. Which brand you would associate with Ashok Kumar, Shami Kumar & Saeed Jaffrey advertised at various times?

Ans: Pan Parag

13. Tax introduced in 1535 by King Henry VIII of England & in 1705 by Tsar Peter I of Russia. (Hint: Applicable only to males)

Ans: Beard Tax

14. Which watchmaker company was founded in 1853 by Charles-Felicien along with his son Charles-Emile?

Ans: Tissot

15. Which company was known as “company Bahadur” in India?

Ans: East India Company

16. If you are TBTF in credit market, where you lower your risk and add more attractive investment. What is TBTF?

Ans: Too Big to Fail

17. This statue in Venice is an inspiration for?

Ans: Cannes

18. ‘Grrr! Magazine’ for kids is brought out by which organization founded by Ingrid Newkirk & Alex Pacheco?

Ans: PETA

19. Designed by fragrance experts, which product is inspired by the West Indies cricket team’s victory sign – the high five – which they liberally flashed & popularized on the cricket field? (Hint: Manufactured by CavinKare)

Ans: Hi-5

20. Star Health Insurance company became the 1st ever Indian company to provide Insurance to which particular group of people?

Ans: HIV Positive

21. Which company has the distribution rights for this movie? (“Thillalangadi” – Tamil Movie poster shown)

Ans: Sun Pictures

22. Coin released on what occasion?

Ans: World Tamil COnference