gk cracker-sbi clerk special

7/27/2019 Gk Cracker-sbi Clerk Special

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The Institute of Banking Training

SBI CLERK CRACKER-GENERAL & BANKING AWARENESS

1

General Awareness

1. Statue of unity, a proposed 182 metres (597 ft) monument of Vallabhbhai patelwill be created directly facing

the Narmada Dam, 3.2 km away on the river island called Sadhu Bet ofNarmada river,nearBharuch inGujarat stateofIndia.(Rs 200 Crore provided for this statue in Budget 2014-2015).

2. FIFA 2014 : Germanybecame the first European country to win a world title in the Americas, and only the

second country after Brazil (1958, 2002) to win a World Cup outside their respective continent. Mascot : Fuleco,

the Armadillo

FIFA President :Sepp Blatter

Winner Germany(4th Time) at the Maracana Stadium Brazil.( Mario Goetze scored the only goal for

Germany in finals)

Runners-up Argentina

Best player(Golden Ball award) - Lionel Messi of Argentina

Best young player- Paul Pogba of France

Top scorer- Colombia James Rodrguez with 6 goals

FIFA Fair Play Trophy- Colombia

Best goalkeeper(Golden Glove award) - Manuel Neuer of Germany

Golden Boot Award- James Rodrguez of Colombia

3rdSpot : Netherlands.

Total Scoring Goals in this World Cup = 171.(Highest)

3. New Chief of Air force is Air Marshal Arup Raha.

4. New Navy Chief is Robin Dhowan.

5. Next Army Chief will be Dalbir Singh Suhag(FROM 1STAug , 2014)

6. The first ever indigenously built Research Vessel (Ship) Sindhu Sadhanaacquired recently by the CSIR-National

Institute of Oceanography, at Marmugao Harbour, in Goa

7. SBIs 1stwoman chairperson is Arundhati Bhattacharaya.

8. Chief Justice of India is Rajendra Mal Lodha.

9. London will host Regional Pravasi Bharatiya Divas,in November, 2014(last time held in Australia)

10. Gujarat will host Annual Pravasi Bhartiya Divas(NRI Day)in 2015.(due to celebrations of 100 years of Ganhijisreturn from South Africa to India in 1915).

11. British Government announced to build Gandhijis Statue in British Parliament Square.

12. Mangalyaan (Mars Orbiter Mission) was set off on an 11-month-long expedition from Sriharikota on 5th

November, 2013. Its is PSLVs 25th Launch.

13. Eric Schmidtis Googles Executive Chairman.

14. Satish Dhawan Space Center (Sriharikota) is inAndhra Pradesh.

15. Malabar-2014 Joint naval exercises between India and U.S.

16. 2018 mens Hockey World Cup will be held in India.

17. U-17 Football World Cupwill be held in India.

18. 2016 T-20 Cricket World Cupwill be held in India.

19. 2016 Olympics : Rio de Janeiro (Brazil)

20. 2018 Winter Olympics :South Korea.21. 2018 Commonwealth Games :Gold Coast(Australia)

22. 2018 FIFA World Cup :Russia

23. U-19 Cricket World Cup : Won by South Africa against Pakistan. Next will in Bangladesh(2016)
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24. 1stTest Cricket World Cup :2017(England)

25. Commonwealth Head of Government Meeting(CHOGM) 2013- Srilanka. Next : in Malta

26. WIPO (World Intellectual Property Organization) : World Intellectual Property Organization (WIPO) is a

specialized agency of United Nations, setup in 1970.It promotes the protection of intellectual property rights.

Director General Francis Gurry Head Quaretrs: Geneva, Switzerland

27. The International Court of Justice (ICJ) is the main judicial organ of the United Nations to Settle legal disputes

submitted by States.Permanent seat at Hague, Netherlands Marshall Islands case

2014: Marshall Island government filed a case in ICJ against the nine nuclear weapon states alleging theyve

continued nuclear race and did not begin nuclear disarmament despite obligations under NPT.

28. Petro Poroshenkowon the Ukrainian Presidential Election.

29. Maria Sharapova Tennis player on 2 July 2014 sparked controversy saying that she doesn't know who Sachin

Tendulkar is.

30. Senior Advocate Pinky Anand has been appointed Additional Solicitor-General in the Supreme Court and she

assumed office on Wednesday. She is the second woman lawyerto be appointed ASG after senior advocate Indira

Jaising demitted office.

31. Number of women ministers inducted in Narendra Modis council of Ministers? Seven(Sushma Swaraj, Uma

Bharati, Maneka Sanjay Gandhi, Harsimrat Kaur Badal, Smriti Zubin Irani, Dr. Najma A. Heptullah and Nirmala

Sitaramam. Of these Nirmala Sitaramam was inducted as Minister of State with independent charge while other sixwere inducted as cabinet ministers)

32. PM Narendra Modi represented two Lok Sabha constituencies (Vadodara and Varanasi) out of which he resigned

from Vadodra seat.

Total votes received by him in the Lok Sabha Elections 2014 (14,26,486) is the highest ever received by any

candidate in Lok Sabha elections. These total votes include 8,45,464 votes he received from Vadodara and

5,81,022 votes from Varanasi.

His winning margin of 5,70,128 against Madhusudan Mistry (Congress) from Vadodara constituency (Gujarat) is

the highestin the 16th Lok Sabha.

His party Bharatiya Janata Party (BJP)s vote share during General Elections (31%)is the lowest for a party to get

absolute majority in India

He is the 15thPrime Minister of India.

33. Dhubri Parliamentary constituency in Assam registered the highest voter turnout in the General Election 2014

while Srinagar in Jammu & Kashmir saw the lowest voter turnout in the Election 2014.34. Russi Mody, who passed away on 16 May 2014 at the age of 96, headed Tata Steel Ltd. regarded as Indias Steel

Man

35. Who was elected as the first ChiefMinister of the newly-formed state of Telangana? K Chandrasekhara Rao

36. Some high spots of Lok Sabha polls 2014:It was 16thLok Sabha election.

Election Commission of India conducted election in 9 phases, longest election in the countryshistory.

8,251 candidates contested for 543 constituencies in India.

814.5 million Peoplewere eligible voters, with an increase of 100 million voters since the last general election

in 2009, making this the largest-ever election in the world.

Average election turnout was around 66.38%,the highest ever in the history of Indiangeneral elections.

With 282 seats, the BJP has won the highest number of seats by a single party in the modern, post-regional

politics era, compared with 244 for the Congress in 1991 and 206 for it in 2009.

Since 1977, the BJP is the first non-Congress party to defeat Congress by such a huge margin. However, thebiggest tally of seats achieved by a non-Congress party is 295 won by the Janata Party in the 1977 post-

Emergency election that ousted Mrs. Gandhi from office.

TheAam Aadmi Party (AAP) which contested on 424 seats has faced debacle as it could win just 4 seats

37. The worlds first airplane completely powered by electricity called E-FAN has successfully taken to the

skies for its maiden flight in southwestern France.

38. Aptly called Glimpses of India, the largest ever festival of Indian culture and heritage in China was

inaugurated in Shanghai

39. Caparo Group won the International Business of the Year award 2014 at the Asian Business Awards

Midlands in Birmingham

40. Ronnie OSullivanon 8 may 2014 was crowned World Snookers Player of the Year

41. Forbes 11th annual Global 2000 list. Reliance Industries is ranked 135 on the list. Reliance is followed by

State Bank of Indiawhich is ranked 155.

42. Indias first voter Shyam Saran Negi43. World Press Freedom Daywas observed on 3 May 2014
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44. In the US Trade Representative (USTR) 2014 Special 301 Reportreleased last week (The Pharma Letter May

1), India remains on the Priority Watch List, as in previous years, for what the USTR considers to be inadequate

protection of intellectual property

45. International Labour Daybeing observed on 1st May.

46. Air India joined the world's largest airline grouping, Star Alliance.

47. Amit Shahis New BJP President after Rajnath Singh.

48. India on 30th June successfully launched five foreign satellites from four countries on board PSLV-C23rocket(27thPSLV Launch). Besides its primary payload of 714 kg FrenchEarth Observation Satellite SPOT-

7, PSLV C23 carried and placed in orbit 14 kg AISAT of Germany, NLS7.1 (CAN-X4) and NLS7.2 (CAN-

X5) of Canada each weighing 15 kg and the 7 kg VELOX-1 of Singapore.

49. Govind Mishrahas been selected for the Saraswati honour for the year 2013 for the book Dhool Paudho Par

50. Gujarat Governor Dr. Kamla Beniwalwas shifted to Mizoram.

51. Governor of Chattisgarh is Ram Naresh Yadav

52. Global press freedom has fallen to its lowest level in over a decade with India ranked 78th

53. IIT Guwahatiis the only Indian educational institute in the 2014 league table of '100 Under 50' institutions

released by the Times Higher Education magazine.

54. Cadbury India Limited on 22 April 2014 announced to change its name to Mondelez IndiaFoods Limited.

55. Tata Consultancy Services (TCS), has broken into the league of top 10 global IT services

companies, moving from the 13th position in 2012 to the 10th spot.56. 6th International Nuclear Energy Forum ATOMEXPO-2014was held from 9 to 11 June 2014 in Moscow.

57. Andy Coulson: Gets 18-month jail for phone hacking. Coulson was the editor of the News of the World.

58. Election Commissions National Icon for Lok Sabha Elections 2014 was Aamir Khan.

59. American military history was made whenMichelle Janine Howardbecame the first woman in the U.S.

Navy to be promoted to a four-star admiral.

60. The 2014Nuclear Security Summit was held inThe Hague,theNetherlands

61. Vietnam officially announced to pull out from hosting the Asian Games of 2019, which were proposed to

be held at Hanoi.

62. Vijay Seshadri on 14 April 2014 won the prestigious 2014 Pulitzer Prize in the poetry category for his

collection of poems entitled 3 Sections.

63. The 7th of Aprilis observed as World Health Day.

64. Chinawas successful in defending its Uber Cuptitle after it defeated Japan. Uber Cup is the most prestigious

womens team badminton tournament. Of the 25 titles, China has won the tournament for the maximum 13

times, followed by Japan (5 times), Indonesia (3 times), United States (3 times) and South Korea (1 time).

65. Of the twenty-eight Thomas Cup tournaments held since 19481949, only four nations have won the

title.Indonesia is the most successful team, having won the tournament thirteen times. China, follows

Indonesia with nine titles, whileMalaysia has won five titles. Japanwon for 1st time this year.

66. The WHOs EmergencyCommittee for MERS has raised concerns about the sharp surge in the number of

Middle East Respiratory Syndrome CoronaVirus(MERS-CoV) cases since March 2014. The Virus

Originated from Saudi Arabia (through camels milk)

67. Malavath Poorna, a 13-years and 11-month old girl of Andhra Pradesh on 25 May 2014 became the

youngest woman to climb the Mount Everest, the highest peak in the world.

68. Singaporebecame the top source of foreign direct investment (FDI) into India. Singapore replaced Mauritius

to become the number one source of FDI.

Top three countries investing in India1.Singapore

2. Mauritius

3. United Kingdom

69.

Prime Minister and Council of Ministers - India

S.No Portfolio Name

Cabinet Ministers

1

Prime Minister and also in-charge of the Ministries/Departments not specifically

allocated to the charge of any Minister

Narendra ModiPersonnel, Public Grievances and Pensions

Department of Atomic Energy Department of Space
http://www.navytimes.com/article/20140630/NEWS/306300039/Howard-receive-history-making-4th-star-Tuesdayhttp://www.navytimes.com/article/20140630/NEWS/306300039/Howard-receive-history-making-4th-star-Tuesdayhttp://www.navytimes.com/article/20140630/NEWS/306300039/Howard-receive-history-making-4th-star-Tuesdayhttp://en.wikipedia.org/wiki/Nuclear_Security_Summithttp://en.wikipedia.org/wiki/Nuclear_Security_Summithttp://en.wikipedia.org/wiki/Nuclear_Security_Summithttp://en.wikipedia.org/wiki/The_Haguehttp://en.wikipedia.org/wiki/Netherlandshttp://en.wikipedia.org/wiki/Indonesia_national_badminton_teamhttp://en.wikipedia.org/wiki/China_national_badminton_teamhttp://en.wikipedia.org/wiki/Malaysia_national_badminton_teamhttp://currentaffairs.gktoday.in/current-affairs/committeehttp://currentaffairs.gktoday.in/current-affairs/committeehttp://en.wikipedia.org/wiki/Malaysia_national_badminton_teamhttp://en.wikipedia.org/wiki/China_national_badminton_teamhttp://en.wikipedia.org/wiki/Indonesia_national_badminton_teamhttp://en.wikipedia.org/wiki/Netherlandshttp://en.wikipedia.org/wiki/The_Haguehttp://en.wikipedia.org/wiki/Nuclear_Security_Summithttp://www.navytimes.com/article/20140630/NEWS/306300039/Howard-receive-history-making-4th-star-Tuesday


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2 Home Affairs Rajnath Singh

3 External Affairs, Overseas Indian Affairs Sushma Swaraj

4 Finance, Corporate Affairs, Defence Arun Jaitley

5 Urban Development Housing, Urban Poverty Alleviation, Parliamentary Affairs M Venkaiah Naidu

6 Road Transport, Highways Shipping Nitin Gadkari

7 Railways D V SadanandaGowda

8 Water Resources, River Development and Ganga Rejuvenation Uma Bharati

9 Minority Affairs Dr Najma A Heptulla

10 Rural Development, Panchayati Raj, Drinking Water and Sanitation Nitin Gadkari

11 Consumer Affairs, Food and Public Distribution Ram Vilas Paswan

12 Micro, Small and Medium Enterprises Kalraj Mishra

13 Women and Child Development Maneka Gandhi

14 Chemicals and Fertilizers Ananth Kumar

15 Communications and Information Technology, Law and Justice Ravi Shankar Prasad

16 Civil AviationAshok Gajapathi Raju

Pusapati

17 Heavy Industries and Public Enterprises Anant Geete

18 Food Processing Industries Harsimrat Kaur Badal

19 Mines Steel Labour and Employment Narendra Singh Tomar

20 Tribal Affairs Jual Oram

21 Agriculture Radha Mohan Singh

22 Social Justice and Empowerment Thaawar Chand Gehlot

23 Human Resource Development Smriti Irani

24 Health and Family Welfare Dr Harsh Vardhan

Ministers of State with Independent Charge

1 Development of North Eastern Region, External Affairs, Overseas Indian Affairs General VK Singh

2 Planning, Statistics and Programme Implementation, Defence Inderjit Singh Rao

3Textiles, Parliamentary Affairs, Water Resources, River Development and Ganga

Rejuvenation Santosh Kumar Gangwar

4 Culture and Tourism Shripad Yesso Naik

5 Petroleum and Natural Gas Dharmendra Pradhan

6 Skill Development, Entrepreneurship, Youth Affairs and Sports Sarbananda Sonowal

7Information and Broadcasting Environment, Forest and Climate Change,

Parliamentary AffairsPrakash Javadekar

8 Power, Coal, New and Renewable Energy Piyush Goyal

9Science and Technology Earth Sciences Prime Minister Office Personnel, Public

Grievances & Pensions Department of Atomic Energy, Department of SpaceJitendra Singh

10 Commerce and Industry, Finance Corporate Affairs Nirmala Sitharaman

Ministers of State


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1 Civil Aviation GM Siddeshwara

2 Railways Manoj Sinha

3 Chemicals and Fertilizers Nihalchand

4 Rural Development Panchayati Raj Drinking Water and Sanitation Upendra Kushwaha

5 Heavy Industries and Public Enterprises Radhakrishnan P

6 Home Affairs Kiren Rijiju

7 Road Transport and Highways Shipping Krishan Pal

8 Agriculture, Food Processing Industries Dr Sanjeev Kumar Balyan

9 Tribal AffairsMansukhbhai Dhanjibhai

Vasava

10 Consumer Affairs, Food and Public Distribution Raosaheb Dadarao Danve

11 Mines, Steel, Labour and Employment Vishnu Deo Sai

12 Social Justice and Empowerment Sudarshan Bhagat

70.

Rajiv Suri NOKIA CEO from Manipal university.

Satya Nadella Microsoft CEO. By the way, his father was an IAS.

Helsinki capital of Finland

71. April 2014: EU temporarily banned Alphonso mangoes, eggplants, taro plant, bitter gourd and snake

gourd.This temporary ban extends from 1st May 2014 upto 31st December 2015.

72. Anti-Terrorism Dayobserved Across India on 21 May 2014. The day is celebrated as 23rd Death Anniversary of

former Prime Minister of India Rajiv Gandhi.The day is marked by a pledge taking ceremony among other

activities.

73. The 2014 edition of the SIMBEX 14 series of annual bilateral naval exercises between the Indian Navy (IN) and

the Republic of Singapore Navy (RSN), is being conducted in the Andaman Sea from 22 May to 28 May 14.

74. Googleis worlds top brand replacing Apple.

75. Sachin Bansal, co-founder of Indias largest e-commerce firm Flipkart announced that it has acquired Myntra, the

countrys largest e-commerce site for fashion and lifestyle products.

76. Former IB chief Rajiv Mathuron Thursday took over as the new Chief Information Commissioner in the Central

Information Commission.

77. Indias wicket-keeper-batsman in the 1950s, Madhav Mantripassed away. He was oldest test player of India.

78. The Indian women's badminton team created history by ensuring a bronze medal finish at the World Women's

Team Championship for the Uber Cup.79. In the wake of Nancy Powell`s retirement, Kathleen Stephenshas been named the new interim US Ambassador

to India as President Barack Obama is yet to nominate a diplomat for this important post.

80. To pay tribute to the 100 yearsof Indian cinema, Brazilreleased two postage stamps .

81. New Chief Minister of Gujarat Anandiben Patel

82. Vishwanath Tripathi, eminent Hindi writer was awarded with the prestigious Vyas Sammanfor the year 2013.

83. The SIT on Black Money will be headed by retiredSupreme Courtjudge MB Shah.

84. Highly decorated police officer and former Intelligence Bureau Chief Ajit Doval, was appointed as the National

Security Adviser.

85. Singapore Airlinesbecame the first airline to start commercial operations of the world's largest passenger aircraft

Airbus 380 in India

86. The next Solicitor General of India - Ranjit Kumar

87. Every year, on 31 May, mark World No Tobacco Day

88. Senior advocate Mukul Rohatgiwill be the new Attorney General (AG).

89. Sachin Tendulkar on 27 May 2014 was selected as the goodwill ambassador of 35th National Games that is

scheduled to be held in Kerala from January-February 2015
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90. Kolkata Knight Riders (KKR) won the 2014 title of the Indian Premier League (IPL) on 1 June 2014 with a

magnificent win over first-time finalists Kings XI Punjab at Bangalores Chinnaswamy Stadium.

91. Man of the Match IPL 2014 : Manish Pandey.

92. Orange Cap in IPL 2014 for scoring highest number of runs? Robin Uthappa

93. Purple Cap in IPL 2014 for taking highest number of wickets? Mohit Sharmaof CSK.

94. Name of Indias first luxury superfast train which completed 85 years of its operations on 1 June 2014? Deccan

Queen.95. The 13th FIH Mens Hockey World Cup was held at Kyocera Hockey Stadium at the Hague. 12 teams

participating in the Hockey World Cup are Argentina, Australia, Belgium, England, Germany, India, Malaysia,

Netherlands (the hosts), New Zealand, South Africa, South Korea and Spain). Indian men's hockey team rank 9th.

96. Indian-American school boys Ansun Sujoe and Sriram Hathwar won the National Spelling Bee for 2014 and

thus became the first joint-winners of this coveted trophy since 1962.

97. Four French Rafale fighteraircraft and a contingent of about 70 French airforce personnel participated in the 10-

day long joint air exercise "Garuda-5".

98. Mahindra Group Chairman Anand G Mahindrabecame the first Indian to receive the prestigious Harvard Medal.

99. William Hague: UK Foreign Minister visited India.

100.Laurent Fabius: French Foreign Minister who visited India.

101.The Accidental Prime Minister: The Making and Unmaking of Manmohan Singh authored by Dr. Sanjaya Baru

102.Crusader or Conspirator?Coalgate and other Truths authored by PC Parakh.103.Blood Feudwritten by Edward Klein.

104.World Population Day is being observed today, an annual event on 11 July to raise awareness of global

population issues. This year, the theme is "Investing in Young People."

105.Often called the grand old lady of Bollywood, ZOHRA SEHGAL last appeared in Sanjay Leela Bhansali's

"Saawariya" in 2007.

106.Delhihas become the world's second most populouscity in 2014 after Tokyo, more than doubling its population

since 1990 to 25 million, according to a UN report. Tokyo topped UN's ranking of the most populous cities in

2014 with 38 million inhabitants. Mumbai, which ranks sixth on the list of the world's most populous cities in

2014. Tokyo and New Delhi were followed by Shanghai with 23 million, and Mexico City, Mumbai and Sao

Paulo, each with around 21 million inhabitants in 2014.

107.US Deputy Secretary of State William Burns met Prime Minister Narendra Modi and delivered US President

Barack Obama's invitation for him to visit Washington in September.

108.Amul has inked an agreement with the Indian Olympic Association to sponsor the Indian contingent for theupcoming Glasgow 2014 Commonwealth Games and the Asian Games to be held later this year in South Korea.

109.SAARCheadquarters : Kathmandu , Nepal. Total 8 countries(India , Bangladesh, Srilanka , Maldives, Pakistan ,

Nepal , Bhutan and Afghanistan) invited for Modis Swearing in.

110.In Global Textiles Exports, Indiaovertook Italy to become the second largest exporter. China still remains the

largest exporter of textiles in the world.

111.19th member of Eurozone and the last Baltic nation to adopt the euro on 1 January 2015 as announced by the

European Commission on 4 June 2014? Lithuania

112.40th Summit of Group of Seven (G7)group of countries concluded on 5 June 2014. This 2-day summit was held at

which city? Brussels, Belgium

113.Indias new Prime Minister Narendra Modi undertook his first official foreign visit to Bhutan

114.State government of Madhya Pradesh appointed Madhuri Dixitas the brand ambassador of maternal and child

health campaign, Mamta Abhiyan115.Sim Bhullar has become the first player of Indian origin to be a part of the National Basketball Association

(NBA) after he signed a summer contract with the Sacramento Kings, a professional basketball team in the US.

116.World Environment Day (WED) was observed across the world on 5 June 2014.

117.Recently, top Russian Tennis star Maria Sharapovahas claimed her second French Open title when she floored

Romanian fourth seed Simona Halep

118.Rafael Nadalclinched his ninth French Open and 14th career Grand Slam title on Sunday with a brutal 3-6, 7-5,

6-2, 6-4 victory over a battling Novak Djokovic

119.Kudankulamnuclear power plant (KNPP) is the first nuclear power plant in the country to touch 1000MW of

power generation

120. Good, bad and ridiculouswas Khushwant Singhs last book

121.Autobiography of Dilip Kumar : The Substance and the Shadow

122.Dada Saheb Phalke Award for 2013 : Gulzar.

123.61stNational Filmfare Awards :

- Best Feature Film: Ship of Theseusby Saeed Mirza

- Best Director : Hansal Mehtafor Shahid

- Best Actor : Raj Kumar Rao for Shahid; and Malayam actor Suraj


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- Best Hindi Film : Jolly LLB

124.IIFA-2014 :

- @ Tampa Bay , Florida(U.S)

- Best film: Bhag Milkha Bhag

- Best director same movie, Rakesh Mehra

- Best actor- same movie Farhan Akhtar

-

Hollywood actor John Travoltawas honored the most popular Hollywood star

125.Bharat Ratna : Sachin Tendulkar(42nd) and Dr. C.N Rao.(43rd)

126.National Tourism award : Sikkim

127.Best GDP Growth : Bihar

128.Abel Prize : Russian Mathematician Ya G. Sinai

129.Pritzker Prize(Architecture) : Japanese Shigeru Ban

130.Vishal Sikkahas beenappointed as the new CEO and MD of IT-major Infosys.

131.Reuven Ruby Rivlinon 10 June 2014 was elected as 10th president of Israel.

132.Nanauk is a tropical cyclone which initiated in the east-central Arabian Sea

133.Goldman Environment Award 2014 : Indias Ramesh Agrawal

134.UK knighthood : Ratan Tata

135.Principal Secretary to PM : Nripendra Misra, former TRAI chief

136.Opposition Leader (Rajya Sabha) : Ghulam Nabi Azad

137.Opposition Leader (Lok Sabha) : vacant

138.Congresss leader in Lok Sabha = Mallikarjun Kharge

139.Cabinet Secretary : Ajit Seth

140.Lok Sabha Speaker : Sumitra Mahajan

141.CAG(Comptroller and Auditor General) : Shashikant Sharma

142.Sikkim CM: Pawan Chamling(5th time)

143.Delhi Lt. Governor: Najeeb Jung

144.Bihar CM: Jitan Ram Manjhi

145.Arunachal CM: Nabam Tuki

146.Election Commission : V. S. Sampath(chief), HS Brahma & Sayyed Nasim

147.First state of India to ban all type of Tobbaccos : Assam

148.Double decker flyover : Mumbai

149.Larji dam : Himachal, on Beas river. Released water without warning.

150.BIMSTEC Summit :Nay Pyi Tao, Myanmaar

151.Ending sexual violence in conflict(1stSummit) : @London.Angelina Jolieparticipated.

152.18thSAARC Summit : Kathmandu, Nepal in Nov 2014

153.Jinnah Airport : Karachi. Biggest terrorist attack

154.Peshawar : Worlds largest reservoir of Polio

155.Michel Schumacher : Formula one race driver from Germany. Retired from game but in medical coma.

156.Ian Thorpe : Olympic winner swimmer from Australia. Shoulder infection

157.Amy Van Dyken : American Olympic gold medalist swimmer. Paralyzed after a vehicle accident

158.Cricket World Cup 2015: Jointly hosted by Australia and New Zealand

159.ICC T20 World Cup : Won by Srilanka in Bangladesh. Womens Cup by Australia.

160.Commonwealth Games 2014: Glasgow , Scotland. Mascot : Clyde, a thistle man

161.Asian Games , 2014 : Incheon City , South Korea. Mascot : Light, Wind and Dance

162.Hockey New Format : 4*15 minutes.

163.Azlan Shah Cup 2014: Australia defeated Malaysia in Malaysia

164.Hockey India League second edition: Delhi defeated Punjab

165.Indias Hockey National coach: Terry Walsh

166.India has become a permanent Signatory to Washington Accord which will enable global recognition of

Indian degrees in engineering and technical education

167.Ugandas Foreign Affairs Minister, Sam Kahamba Kutesa was elected as the President of 69th Session of

United Nations General Assembly (UNGA).

168.The United Arab Emirates has issued a law requiring compulsory military service for adult males.

169.The UN General Assembly introduced the United Nations Nelson Rolihlahla Mandela Prize as a tribute to

the achievements and contributions of the late South African leader.

170.Greenpeaceis an environmental organization with offices in over forty countries and with an international

coordinating body inAmsterdam,theNetherlands.IB report against Greenpeace.

171. Leading NRI industrialist Lord Swraj Paulhas been honoured with the Lifetime Achievement Award by a UK-

based business association for his outstanding contribution to the industry, education and philanthropy.
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172. Australiaretained the mens hockey World Cup title by outplaying Olympic silver medallist The Netherlands 6-

1. Bronze for Argentina. Australia has now won Threehockey World Cup titles.

Womens title

Olympic gold medallists and hosts The Netherlandsdefeated Australia 2-0

Mascot : Stockey the Stock

173.The Uttar Pradesh government has notified the Pilibhit Wildlife Sanctuaryas a tiger reserve.

174. Prime Minister Narendra Modi on Saturday visited the country's largest warship INS Vikramadityaoff Goa coastin Arabian Sea. It is a modified Kiev-class aircraft carrier which was purchased by India from Russia for the

Indian Navy in 2013. The ship has been renamed in honour of Vikramaditya, a legendary 1st century BC emperor.

175. World Blood Donation Day: 14 June

176. C Radhakrishnan, the eminent Malayalam scientist-turned-writer was selected for the prestigious Moortidevi

Award for 2013.

177.Kolkata Airporthas won the Airport Service Quality (ASQ)

178. Bloodhound SSC is Worlds first supersonic car which can run at 1,609 kmph (1,000 mph).

179.Indian origin physicist Tejinder Virdee was honoured knighthood Bachelor by Queen Elizabeth II.

180.Zarb-e-Azb is a major operation started by the Pakistani military from 15 June 2014 to flush insurgents out of

the volatile region of North Waziristan bordering Afghanistan.

181.Prince Zeid al Hussein of Jordan was chosen as the next United Nations High Commissioner for Human Rights

by the U.N. General Assembly on 16 June 2014.182.San Antonio Spurswon the US prestigious NBA championship.

183.Delhi Government announced that Delhihas become the first kerosene-free city in the country.

184.Realty giant DLF said on Monday it has become the country's first real estate developer to get ISO 9001:2008

quality certification for development of housing and commercial projects.

185.Indias first One Stop Crisis Centre (OSCC) named Gauraviwas launched in Bhopal, Madhya Pradesh.

186.The United States on 30 June 2014 named a mountain in Antarctica as Mt. Sinha to honour an eminent

Indian-American scientist, Akhouri Sinha.

187.Frances former President Nicolas Sarkozy has been charged with corruption and influence peddling

188.President Pranab Mukherjeebecomes first serving President of India to join Twitter. President joined on Twitter

with@RashtrapatiBhvn(https://twitter.com/RashtrapatiBhvn).

189.Fire Phoneby Amazon

190.1st Woman Director of RIL : Nita Ambani

191.Facebook announced the release on Tuesday of its latest messaging appSlingshot.192.Stockholm International Peace Research Institute (SIPRI) on 16 June 2014 released its annual nuclear forces data.

There are nine statesnamely the United States, Russia, the United Kingdom, France, China, India, Pakistan, Israel

and North Korea around the globe which possessed nuclear arsenals.

193.Mehrangir, the south Mumbai bungalow of late Dr. Homi Bhabha was sold on 18 June 2014 for Rs. 372 crore.

194.Stuart Binnybreaked Anil Kumble's 21-year-old ODI record by claiming 6 wickets for 4 runs in 4 overs.

195.Shooting World Cup was held in Maribor, Slovenia

196.India-born plant scientist Sanjaya Rajaramhas been named the winner of the 250,000 US dollars World Food

Prize

197.Indian-born Booker Prize winning author Salman Rushdie was on Friday named the winner of this year's

prestigious Pen Pinter prize for his outstanding literary output and support for freedom of expression

198.Noted Hindi poet Kedarnath Singhon 20 June 2014 was chosen for the prestigious Jnanpith award for 2013.

199.The Government has constituted an independent High Level Committee to inquire into the gas leakage incident inBhilai Steel Plant in Chhattisgarh. The Committee will be headed by K.K. Mehrotra

200.Mukul Mudgal panel to probe IPL spot-fixing. Sourav Gangulyjoined this panel.

201.Tang PrizeFoundation announced the inaugural Tang Prizes on 18 June 2014. The Prize will be given in four

categories of Sustainable Development, Sinology, Biopharmaceutical Science and The Rule of Law.

Sustainable Development - Gro Harlem Brundtland

Sinology Chinese American, Historian Yu Ying-shih

Biopharmaceutical Science - James P Allison of US and Tasuku Honjo

The Rule of Law - Albie Sachs.

202.Former Bangladesh captain Mohammad Ashrafulhas been banned for eight year for fixing matches.

203.Maoist movement was one of the biggest threats to Indias internal security, says a global body which has ranked it

as low as 143among 162 countries in its peace index.

204.Former TATA Group Chairman Ratan Tata on 21 June 2014 received an honorary doctor of laws degree

from York University in Toronto, Canada.

205.FIFA has suspended Nigeria from international football citing government interference in the running of its

national federation.
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206.Global skin care giant Niveatoday announced to set up its first ever manufacturing plant in India at Sanand near

Gujarat

207.Dhoni is ranked 22ndon Forbes list of worlds 100 highest paid athletes with U.S Boxer Mayweather at No.1

208.Indias first monorail service launched in-Mumbai.

209.Indiaremains the biggest buyer of arms in the world, importing nearly three times as many weapons as its nearest

competitors China and Pakistan over the last five years

210.Indiabecame third largest crude oil importer in the World after China and U.S211.IOC(International Olympic Committee) President: Thomas Bach

212.Jitu Raion 19 June 2014 became the first Indian to win three medals in successive ISSF Shooting World Cup. He

is now world no.1 in pistol shooting.

213.Britain's premium luxury goods brand East India Companyhas issued an exclusive legal tender gold coin worth

12,000 pound sterling in honour of Indian cricket legend Sachin Tendulkar.

214.India's first indigenously-built anti submarine warfarecorvette INS Kamortais ready to be commissioned into

the Indian Navy

215.The Okavango Delta in Botswana became the 1,000th site to be inscribed on the UN cultural agencys coveted list

as the 38thSession of World Heritage Committee at Doha (Qatar) concludes on 25 June 2014. The Great

Himalayan National Park Conservation Area(Himachal) and Ran-Ki-Vav(Gujarat)were included from India.

Myanmar made its entry onto the World Heritage List today, with the inscription of its first site, Pyu Ancient

Cities.216.Prof. Dinesh Singhis Delhi University Vice-Chancellor and Vice Presidentof India is Chancellor.

217.Malaysias top court (The Federal Court) on 23 June 2014 upheld a government ban forbidding non-Muslims

from using Allah to refer to God.

218.AB de Villiersis at the top of the latest International Cricket Council One Day International rankings.

219.World Refugee Daywas observed across the world on 20 June 2014.

220.Nuclear Suppliers Group (NSG) meeting was held in Buenos Aires , Argentina.

221.IAEA headquarters are at Vienna , Austria.

222.Thomas Muellerof Germany scored the first hat-trick of the 2014 FIFA World Cup.

223.TCShas become the worlds third largest employer in the technology sector.

224.India slipped to the fourth position in the latest ranking of most favoured destinations for investment by

transnational corporations.

225.Mustafa Kamalhas become the first from Bangladesh to be president of International Cricket Council (ICC). He

was elected as the 11th president.226.President-in-exile N Srinivasanwas on Thursday formally appointed the first Chairman of the ICC.

227.Indian-origin judge V K Rajahwas appointed as 8th Attorney-General of Singapore. President of Singapore

228.State Cabinet of Maharashtra approved 16 percent reservation to Maratha community and 5 percent to

Muslims in government jobs and educational institutions.

229.External Affairs minister Sushma Swaraj started her first foreign visit to Bangladesh.

230.Senior advocate Gopal Subramaniam on 25 June 2014 asked the Chief Justice of India to withdraw the

recommendation about his candidature asthe judge of the Supreme Court.

231.Goahas been formally declared as permanent venue for the prestigious annual International Film Festival of India

(IFFI)

232.FIFA banned Uruguay striker Luis Suarezfrom all football activities for four months on Thursday for biting an

opponent at the World Cup

233.Polands Wroclaw citywill be the World Book Capital (WBC) for 2016 . Nigerias Port Harcourt is the WBC for2014 while South Koreas Incheon city named for 2015

234.France announced to honour Shahrukh Khan with Officer of the Legion of Honour for his contribution to

Cinema.

235.Vice President Hamid Ansariparticipated in a trilateral summit on behalf of India, where besides the host China,

the President of Myanmar will also be present. They also celebrated 60 years of PANCHSHEEL

236.Indian sand artist Sudarsan Pattnaikon 27 June 2014 won the People's Choice prize at the World Cup of Sand

Sculpting-2014 held in the Atlantic City of the US. He won prize for his work Save Tree, Save the Future. This is

first sand art world cup at USA 2014.

237.Google on 25 June 2014 launched Project Android Oneto build ultra cheap Smartphone.

238.26 June: International Day against Drug Abuse and Illicit Trafficking.

239.Union Government on 26 June 2014 extended the deadline for implementing National Food Security Act by three

more months.

240.Researchers at the University of Yorkin the U.K. designed an alternative to passwords called Facelock.241.15 people were killed and 20 injured in a blast in Gas Authority of India Limited (GAIL) pipeline at Nagaram

Village in Andhra Pradesh.

242.Kochihas won this years best city award from news channel CNBC Awaaz.


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243.The Major Atmospheric Cherenkov Experiment (MACE) Telescope will be the second largest in the world. The

worlds largest high-altitude telescope for detection of gamma ray emissions is all set to be transported to Hanle,

Ladakh.

244.For the first, Punes Fergusson College on 26 June 2014 has included the category of third gender in its

application forms for academic programs.

245.Jean-Claude Juncker(Luxemburg) on 26 June 2014 was named as the next president of the European

Commission.246.For the first time two countries from Africa qualified for last-16 stage in FIFA World Cup Algeria and Nigeria

247.Miroslav Klose of Germanyscored his 16th FIFA World Cup beating Brazil's Ronaldo's record of highest goal in

FIFA World Cup.

248.Statistics Dayis celebrated on 29th June

249.Worlds largestinternational maritime exercise named RIMPAC 2014began on June 26 in Hawaii Islands. The

23 nations participating in this years edition of RIMPAC

250.The Indian government extended the ban on imports of milk and its products fromChinatill June 2015

251.Uttar Pradeshis the largest producer of milk in India. Punjabhas largest availability of milk. New Zealandhas

largest availability of milk in world. Indiais the largest producer of milk in the world.

252.Salar Jung MuseuminHyderabad,Telangana celebrated its 125th anniversary in June 2014.

253.A Pakistani girl Malala Yousafzai has won the Liberty Medal from the National Constitution Centre in

Philadelphia.254.Orkut, Googles first social networking site, will cease to exist after 30th September.

255.Lou Vincent(New Zealand)banned for life in International Cricket.

256.Indiaon 30 June 2014 became the first country to ratify the Marrakesh Treaty to facilitate access to published

works for persons who are blind and visually impaired.

257.Pranab Mukherjee, the President of India on 1 July 2014 presented the National Awards for Handicrafts(21) and

Handlooms(25), Shilp Guru Awards and Sant Kabir Awards for the year 2011. The awards were given to

weavers and artisans at a function at Vigyan Bhavan in New Delhi.

258.State Government of Rajasthanon 30 June 2014 declared Camel as the State animal.

259.India on 1 July 2014 observed the National Doctors Day. The day is observed to honour legendary physician, Dr

Bidhan Chandra Roy.

260.OSCARS 2014 :

- Best Film -12 Years a Slave Directed by Steve McQueen.

-

Best Foreign Language Film -The Great Beauty (Italy)

- Best Director -Alfonso Cuarn for Gravity

261.World Bank, in its latest report, has ranked India 134thamongst 189 nations in ease of doing business. Singapore

1st and Chad last.

262.Rahul Dravidwas recently named as the Batting Consultant of Indian Team for England Tour starting July 9?

263.Miss India 2014 : Koyal Rana.

264.NATO Summit 2014 will be held in Britain.

265.M.K. Narayananbecame the first Governor to be questioned by an investigative agency(CBI).

266.The minimum export price (MEP) on onion was raised to $500 per tonne and that of Potatoes to $450 per tonne.

267.Indian Army Chief General Bikram Singh started a rare official visit of Chinafrom 2 July 2014

268.50th anniversary (Golden Jubilee) during July 2014? Industrial Development Bank of India IDBI

269.An Indian passenger train set a new national speed record of 160 kilometres an hour (100 miles an hour) on

Thursday during a test between the capital and the Taj Mahal city of Agra.270.State Government of Tamil Nadu on 3 July 2014 constituted a one-man commission headed by Justice (retd.) R

Raghupathyto inquire into the 11-storey building collapse of Chennai.

271.NASA on 2 July 2014 launched Orbiting Carbon Observatory-2 (OCO-2), a satellite designed to track carbon

dioxide which is responsible for global warming.

272.The Cabinet Committee on Economic Affairs (CCEA) on 2 July 2014 approved the inclusion of onion and potato

under the purview of stock holding limits under the Essential Commodities Act 1955.

273.The Indian Air Force (IAF) on 3 July 2014 launched nations first 3D mobile game Guardians of the Skies

(GOTS) in a bid to attract generation-next youth to pursue a career in the air force.

274.The Chief Operating Officer (COO) of Facebook - Sheryl Sandbergvisited India.

275.Union Government on 3 July 2014 introduced four new vaccines as part of Indias Universal Immunization

Programme (UIP). These include vaccines against rotavirus, rubella and polio (injectable), along with an adult

vaccine against Japanese encephalitis.

276.Prime Minister Narendra Modi has suggested that the new train to Katra be named Shreeshakti Express.
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277.As per Rangarajan panel estimates, a person spending less than Rs 1,407 a month (Rs 47/day)in cities and Rs

1000 a month(Rs 33/day) in villages would be considered poor in cities, as against the Tendulkar Committee's

suggestion of Rs 1,000 a month (Rs 33/day) in Cities and Rs 840 a month(Rs 28/day) in villages.

278.Chess greats Viswanathan Anand (India) and Boris Gelfand (Israel) have been selected for the Russian

Federations Order of Friendshipaward.

279.Germany, Brazil, Argentina and Netherlands have fought their way to be the semi-finalists of this years

football world cup. Germany and Argentinamade it to the finals.280.Petra Kvitovastormed to her second Wimbledontitle in the shortest women's final at the All England Club since

1983 as the Czech sixth seed crushed Canada's Eugenie Bouchard6-3, 6-0 on 05 July 2014( Saturday).

281.As per the latest estimates by PricewaterhouseCoopers (PwC),India will become the third largesteconomy in the

world by 2030.

282.TheSupreme Court has ruled that the police can no longer automatically arrest the accused under the

anti-dowry law without sufficient reason and proof.The apex court expressed concern over the misuse

of Section 498A of IPCby unhappy wives against in-laws and husbands.

283.Sarkar Aapke Dwarcampaign is of Rajasthan Government. It has announced that it will introduce camel milk

in its food security programme.

284.The 6th BRICS summitwill be the sixth annual diplomatic meeting of the BRICS, a grouping of major emerging

economies that includes Brazil, Russia, India, China and South Africa. It will be hosted by Brazil, as the first host

country of the current five-year summit cycle, the host city will be Fortaleza. Summit host and Brazilian PresidentDilma Rousseff

285.ATP(Association of Tennis Professionals) top 3 as of July 3. Men and Womens.

1. Novak Djokovic 2. Rafael Nadal 3. Roger Federer

1. Serena Williams. 2. Li Na, China 3. Simona Halep

286.Marylebone Cricket Club XI on 5 July 2014 won the match played to celebrate 200-years(bi-centenary) of Lords

Cricket Ground the Home of Cricket. Sachin Tendulkar-led MCC XI beat Shane Warne-led Rest of the World

XI in Lords in London, UK.

287.Rail Budget Highlights 2014

Railway Minister Sadananda Gowdapresented the Rail Budget in the Parliament.

Railways also proposes to set up Food Courtsat major stations. Feedback services through IVRS on quality

of food Food can be ordered through SMS, phone.

Spend 94 paisa of every rupee earned, leaving a surplus of only 6 paisa

4,000 women constablesto be recruited to ensure safety of women. 17,000 RPF constables to provide safety

to passengers.

Setting up of Railway University.

Ultrasonic Broken Rail Detection System (UBRD)to detect problem in track

Diamond Quadrilateral project of high speed trainsto connect all major metros

Proposal to start Bullet trains in MumbaiAhmedabad route. A provision of Rs 100 crore (Rs 1 billion)

has been made in the Budget for high Speed project. Efforts will be made to increase speed of trains to 160-

200km/h on select 9 sectors. The identified sectors are: Delhi-Agra; Delhi-Chandigarh; Delhi-Kanpur;

Nagpur-Bilaspur; Mysore-Bengaluru-Chennai; Mumbai-Goa; Mumbai-Ahmedabad; Chennai-Hyderabad and

Nagpur-Secunderabad

Paperless office of Indian railways in 5 years.

A special train featuring life and works of Swami VivekanandaThe Indian Railways proposes to introduce 58 new trains which includes five Jansadharan Trains, five

Premium Trains, six AC Express Trains, 27 Express Trains, eight Passenger Trains, two MEMU services

and five DEMU services this year.

Next generation e-Ticketing system, capable of supporting 7200 tickets per minuteas against 2000 tickets

per minute and allow 1,20,000 simultaneous users at any point in time.

Railway Ministry will develop 10 major stations in the country to global standards . It will provide Wi-Fi

in A-1 and A category stations and in select trains.

The budget allocation for cleanliness at railway stations has been increased by 40%

288.47.9% of Chhattisgarhs population is below poverty line. Chhattisgarh thus tops the list of states with the highest

poverty count. 6.3% of Goaspopulation is below poverty line and it thus tops the list of states with the lowest

poverty count.

289.Typhoon Neoguriis expected to be one of the largest typhoons to hit Japan in the month of July.

290.Recently, Susie Wolffbecomes the first woman to take part in a Formula1 racing weekend race in 22 years during

the British Grand Prix.

291.Japanwill issue multiple entry visas for short-term stay to Indians.
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292.Recently, the Pentagon has notified the US congress about its decision to sell anti-ship Harpoon missile to India

at an estimated cost of $200 million.

293.Bangalorehas recorded highest cyber crime cases (417) followed by Vishakhapatnam (175) and Hyderabad (160).

294.Granville Austin, the eminent scholar of the Indian Constitution died in Washington DC.

295.Indian tennis legend Vijay Amritrajon Monday announced the launch of Champions Tennis League (CTL) in

India.

296.Franceannounced a one billion Euros credit line over the next three years to India to take initiates in the climatecontrol area.

297.Australialeads the latest ICC test rankings followed by South Africa, England with India in the fourth place.

298.Sania Mirzahas entered the top-five for the first time in her career with her Zimbabwean partner Cara Black in

the top-5.

299.Emma Watson, the British Actress on 8 July 2014 was appointed as the Goodwill Ambassador for UN Women.

300.Indialeads global remittances with USD 70 bn in 2013.

301.Madhya Pradesh has the largest forest cover of 77,522 sq. km. in terms of area in the country followed by

Arunachal Pradesh with forest cover of 67,321 sq. km. In terms of percentage of forest cover with respect to total

geographical area, Mizoram with 90.38 percent had the followed by Lakshadweep with 84.56 percent. State with

maximum increase in forest cover isWest Bengal- 3810 square kilometre.

302.Britain's Parliament Square London's version of Delhi's Jantar Mantar - the spot which has lately become the

seat for all major civil protests in UK will now house a statue of Mahatma Gandhi303.Indian economy is likely to grow in the range of 5.4 to 5.9 per cent in 2014-15overcoming the sub-5 per cent

GDP growth of past two years, says the Economic Survey. Fiscal deficit for 2013-14 contained at 4.5% of the

GDP. Agriculture sector growth rate 4.7%in the year 2013-14. : India ranked 12th in terms of services GDP

among the worlds top 15 countries. Services constitute a 57 percent share in GDP at factor cost in 2013-14.

India ranks first in the world in productivity of grapes,banana, cassava, peas, and papaya

304.Union Budget 2014:- Arun Jaitley

Clean energy cess increased from Rs 50/ tonne to Rs 100/tonne

Additional 5% excise tax to be levied on aerated drinks with added sugar(cold drinks). Tobacco productsalso to get costly as excise duty hiked to 72%

Government announces reduction in excise duty for specified food package industryfrom 10% to 6%.

Excise duty on footwearreduced from 12% to 6%

Fiscal deficit target retained at 4.1% of GDP for current fiscal and 3.6 for 2015-16 and 3% for 2016-17.

Revenue Deficit seen at 2.9% for FY15

Minimum pensionincreased to Rs 1,000 per month

Rs. 7,060 crore for the project of developing 100 Smart Cities.

Rs 150 crore allocated for increasing safety of women in large cities

Housing loanrebate to raised from Rs 1.5 lakh to Rs 2 lakh.

Government proposes to increase investment limit under Section 80C from Rs 1 lakh to Rs 1.5 lakh.Tax exemption limitfor Individual tax payers changed from Rs 2.0 to Rs 2.5 lakh. For senior citizens, notax for income up to Rs 3 lakh per annum.No changes in tax rate.PPF limit to be raised to Rs 1.5 lakh.

Rs 100 crore for training of sportspersons for upcoming Asian Games.(Incheon City , South Korea)

Government announces Arun Prabha channel for northeastern region.

Rs 1000 crore provided for rail connectivity in northeastern region.

Rs 100 crore set aside for project to link rivers

Government announces Rs 100 crore for development of Archaeological sites. Gaya to be developed asworld class tourism spot.

National Police Memorialto be set up. Rs 50 crore set aside for this purpose.

Rs 100 crore War Memorial at Princess Park, India Gate.

Policy of One Rank One Pensionto be adopted for defence personnel.(Rs 1000 Crore)

Government aims to provide all households with banking facilities to empower the weaker sections; thereshould be atleast 2 bankaccountsin each household. Financial Inclusion Mission from 15thAugust , 2014.

Rs 4200 crore set aside for Jal Marg Vikas project on river Ganga connecting Allahabad to Haldia , over1620 km.

All govt departments and ministries to be integrated through E-platform by 31 Decemberthis year.

Rs 100 crore set aside for KisanTV to provide real time information on various farming and agricultureissues

Propose to provide finance to 5 lakh landless farmers through NABARD.


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Agriculture University in Andhra Pradesh and Rajasthan, and Horticulture University in Haryana,Telangana; Rs. 200 cr.

National Rural Internet and Technology Mission; Rs 500 crore set aside.

Govt proposes to set up Center of Excellence in MP named after Lok Nayak Jai Prakash Narayan.

5 more IITs and 5 IIMs to be set up. Five new IITs in Jammu, Chhattisgarh, Goa, Andhra Prdaesh andKerala. The five new IIMs will be set up in Himachal Pradesh, Bihar, Punjab, Maharashtra and Odisha.

Propose to set up 4 more AIIMS; Rs. 500 crore set aside for this. Six new AIIMS started recently havebecome functional. Four new AIIMS will be set up in Andhra Pradesh, West Bengal, Vidarbha and

Purvanchal.

Govt proposes National Housing Banking programme; sets aside Rs 8000 crorefor this program.

Crisis Management Center for women at Delhi; money to be provided from Nirbhaya fund.

Govt announces Beti Padhao, Beti Badhao Yojana; sets aside Rs 100 crorefor this.

Govt committed to providing 24/7 power supply to all homes. Deen Dayal Upadhyay Gram Jyoti Yojnafor

electricity supply to rural areas.

Rs 200 crore for 'Statue of Unity' of Sardar Vallabh Patel.

E-visas to be introduced at nine airportsin India in phased manner.

Swachh Bharat Abhiyanto cover every household with sanitation facility by the year 2019

6 new Debt Recovery Tribunals.

Rs.100 cr set aside for metro scheme in Ahmedabad and Lucknow.

Assam and Jharkhandto get Centre of Excellence on farming.

FDI in insurance to be increased to 49%

FM announces FDI in defence up from 26 to 49 %with Indian management and control

Aim to achieve 7-8 per cent economic growth rate in next 3-4 years

In his speech, the finance minister announced as many as 29 schemeswhich have been granted Rs 100 croreeach.

Padma Vibhushan only 2

1. Dr. Raghunath Mashelkar, Science

2.

BKS Iyengar, Yoga guru

Banking Awareness1. H. R. Khan re-appointed as Deputy Governor of RBI for Two years:The Government of India (GoI) on July

3, 2014 re-appointed Shri Harun Rashid Khan as the Deputy Governor of the Reserve Bank of India (RBI) for afurther period of two years with effect from July 4, 2014 or until further orders, whichever is earlier, the RBI saidin a press release.

2. RBI Governor(23rd) : Raghuram Govind Rajan. He replaced D. Subarao. Term 3 years(till 2016). Has served asChief Economist of IMF and Chief Economic Advisor to Finance Minister.

RBI Deputy Governors :

URJIT Patel R.GandhiH.R Khan SS Mundra

3. RBI Monetary Policy Rates :

Key Rates 1stApril , 2014 3rdJune , 2014

Bank Rate 9% 9%

Repo Rate(Policy Rate) 8% 8%

Reverse Repo Rate 7% 7%

SLR 23% 22.5%

CRR 4% 4%

4. RBI issued uniform accounting norms for Asset Reconstruction Companies:The Reserve Bank of India (RBI)on 23 April 2014 issued uniform accounting standards for Asset Reconstruction Companies (ARCs). The norms

were issued with regard to acquiring non performing loans, recognising revenue and management fees to ensurecommon treatment for firms.

5. Banks should not levy penal charges for non-maintenance of minimum Balance: RBI:The Reserve Bank of


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India (RBI) in its first bi-monthly monetary policy statement for 2014-15 directed banks not to impose financialpenalty on the consumers in case of non-maintenance of minimum balance in their saving accounts.

6. The Reserve Bank of India permitted banks to give exporters, with a minimum of three yearssatisfactory trackrecord, long-term export advance up to a maximum period of 10 years. The exporters can receive export advance

from banks (authorised to deal in foreign exchange or Authorised Dealer Bank) only for execution of long-termsupply contracts for export of goods, subject to conditions.

7. RBI Reserve Bank of India (RBI) directed all commercial banks that all new ATMs to be installed from July 1,2014 onwards would provide audible instructions and Braille keypads to customers.

8. Bharatiya Mahila Bank (BMB), the first all-women bank of India, was included in the second schedule of theReserve Bank of India (RBI) Act, 1934. The inclusion of the BMB in the second schedule was announced by RBIin a notification. With this inclusion, total scheduled banks in India increases to 90.

9. RBI Commitees

10. Indian companies are not permitted to raise External Commercial Borrowings: RBI

11. Reserve Bank of India (RBI) on 9 May 2014 barred Indian companies from raising the External CommercialBorrowings (ECB) from overseas branches and subsidiaries of Indian banks for refinance or repayment of theRupee loans raised from domestic banking system

12. The deadline for switching to new format bank cheques under the Cheque Truncation System (CTS) ended on 30April 2014.

13. Raghuram Rajan, the Governor of the Reserve Bank of India (RBI) announced that plastic currency notes will belaunched in 2015 after field trials.

14. Reserve Bank of India granted in-principle banking licences to infrastructure financing firm IDFC and micro-finance institution Bandhan from among 25 applicants. The in-principle approval will be valid for a period of 18months during which the applicants have to comply with the requirements under the guidelines and fulfill the otherconditions as may be stipulated by the RBI.

15. Chandra Shekhar Ghosh: CMD of Bandhan financial services

16. Dr. Rajiv B. Lall: Chairman of IDFC Infrastructure Finance Company

17. GUIDELINES FOR NEW LICENCES

In Principle Approval for 18 monthsCurrent Minimum Capital Requirement for License (Rs 500 Crores)Must open 25% branchesin unbanked rural areas.once they fulfil above conditions, RBI will give them license under Banking Regulation Act, 1949

Once they get license under BRA, then we can open current account, savings account etc.

18. Reserve Bank of India (RBI) issued the guidelines to allow the minors of age above 10 years to independentlyopen and operate savings bank accounts and use other facilities like ATM and cheque books.

19. RBI extended the timeline for full implementation of Basel III norms 31 March 2019 instead of 31 March 2018.

20. RBI in consultation with Union Government on 1 April 2014 capped the Ways and Means Advances (WMA)

Anil Kumar Sinha Public key infrastructure

Bimal jalan New Bank licenses- Bandhan and IDFC

Nachiket MorFinancial products for small businessman and lowincome households

PJ Nayak Panel By RBI- To review governance of BoardsRecommended to reduce govt. share in public banks

less than 50%

Urjit Patel Monetary policy strengthen revise. Target 4% CPI,monetary policy Committee, decision by majority

Chandra shekhar By RBI on simplifying norms for all foreign investorsto invest in Indian govt. securities recommended newcategory

Registered Foreign Portfolio Investor (RFPI)

G Padmanabha Facilitating exporters.


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limits for the first half of the new financial year 2014-15 (April 2014-Sep 2014) at 35000 crore rupees.Note: The interest rate on WMA/overdraft will be based on: a) WMA: Repo Rate. b) Overdraft: Twopercent above the Repo Rate

21. Reserve Bank of India (RBI) hiked the trade related remittance limit from 2 lakh rupees to 5 lakh rupees per

transaction with immediate effect. It also increased the number of transaction handled by exchange houses.

22. KC Chakrabarty, Deputy Governor, Reserve Bank of India, has quit three months ahead of completion of his term.

23. RBI panel headed by RBI Deputy Governor Anand Sinha has recommended bringing a benchmark floating interestrate, especially for home loans. Panel also suggested Indian Banks Base Rate (IBBR).

24. The Reserve Bank of India has raised the Foreign Institutional Investors, FIIs investment limit in the Power GridCorporation to30 per cent of its paid up capital, under the Portfolio Investment Scheme.

25. RBI tightens norms for credit card holders: RBI advised banks to treat a credit card account as anon-performing asset if the customer fails to pay the minimum due amount within a stipulated 90-day

period.Earlier it was 180 days.

26. RBI permits 4 non-bank entities to set up white label ATMs: The Reserve Bank has issued certificate ofauthorisation to four non-bank entities

(1)

Tata Communications Payment Solutions(2) Muthoot Finance,(3)

Prizm Payment Services and(4)

Vakrangee Ltd. , to set up White Label ATMs (WLAs) in the country.

Note: Most of the ATMs belong to banks, but the cash dispensing machines which are owned and operated by non-banking companies are called White Label ATMs.

27. RBI permits Srei to roll out white label ATMs: Srei Infrastructure Finance is planning to start roll-out of its whilelabel ATMs (WLAs) between July and September starting with a pilot of 200Tier-III towns in Uttar Pradesh andBihar.

28. The expert committee headed by Urjit R. Patel, Deputy Governor of the Reserve Bank of India examine the

current monetary policy framework of the Reserve Bank of India (RBI) has suggested that the apex bank shouldadopt the new CPI (consumer price index) as the measure of the nominal anchor for policy communication. Thenominal anchor or the target for inflation should be set at 4 per cent with a band of +/- 2 per cent around it.

29. Ex-Chairman of Axis Bank, P. J. Nayak is the head of the expert panel to review bank boards governance. Thepanel will review the RBI's regulatory guidelines on ownership of banks and representation in their boards, amongother things.

30. RBI relaxes gold loan norms: The Reserve Bank of India has allowed Non-Banking Financial Companies, NBFCsto lend up to 75 per cent of the value of gold. It was 60 per cent earlier.

31. The Reserve Bank of India (RBI) had set up a panel under executive director Deepak Mohanty to review thecurrent system of data collection, dissemination and data management processes in the central bank and improvethe existing mechanism.

32. RBI permitted NBFCs-ND to work as BCs for banks The Reserve Bank of India (RBI) on 24 June 2014permitted the non-deposit taking Non-Banking Finance Companies (NBFCs-ND) to act as BusinessCorrespondents(BCs) for commercial banks. This was done with an aim of spread financial inclusion.

33. RBI directed Banks and FIs to provide information to SIT The Reserve Bank of India (RBI) on 23 June 2014

directed all banks and financial institutions to provide information and documents to the Special InvestigationTeam(SIT).

Background

The SIT under the chairmanship of former Justice M B Shah was constituted by the India requested theSwitzerland government to expeditious sharing of bank information, that is, the details of Indians havingunaccounted money in Swiss banks. According to central bank of Switzerland (SNB), Indian money in variousSwiss banks rose by 43 percent during 2013 to close to 14000 crore rupees, including the money held directly by

Indian clients and those through fiduciaries or wealth managers.

34. The Reserve Banks accounting year begins on July 1 and ends on June 30.


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SBI ONLY

1. SBI won the Best Bank award in the 'Asia MONEY FX POLL OF POLLS 2014 for best overall performance asdomestic provider of Forex services over the last 10 years.

2. State Bank of India chairperson Arundhati Bhattacharya said it would be Endeavour of the group to spend 2 % ofthe annual net profit on CSR activities in each financial year.

3. Total number of branches have increased to 15,869 with 1,053 branches opened during the year.

4. Total number of ATMs for SBI Group stands at 51,491 including 43,515 ATMs of SBI alone.

5. State Bank of India chairperson Arundhati Bhattacharya and ICICI Bank managing director Chanda Kochhar areamong the five women from India featured in Forbes' 100 most powerful women in the world.She got 36thrank inthe same.

6. State Bank of India (SBI), on May 23, 2014 overtook the private sector lender HDFC Bank to regain the top spotin terms of m-cap, after trailing HDFC Bank for more than a year.

7. State Bank of India (SBI), which has an exposure of Rs 1,600 crore to grounded airline Kingfisher, on Friday saidit is exploring ways to declare the carriers promoter Vijay Mallya as a wilful defaulter.

8. SBI Donates Rs.2 Crore to Ramakrishna Sarada Mission.

9. SBIINTOUCH: SBI launches six digital banking branchesThe State Bank of India, countrys largest lender, on July 1, 2014 launched six digital branches across the countryas part of its programme to offer next generation banking solutions to the growing mobile phone and internetsavvy customer base.These branches, named sbiINTOUCH, will facilitate services such as instant account opening with personaliseddebit cards, instant loan approval for car and home, remote expert advisors available via video links, along withinteractive walls and table displays.Besides Delhi, where sbiINTOUCH branch was inaugurated by Finance Minister Arun Jaitley, the other suchbranches are located in Mumbai, Bangalore, Chennai and Ahmedabad.

SBI launches 3 Digital banking facilities for its customers

Tab Banking for Saving A/C - Opening Savings a/c at Customers door step using tablet

TAB Banking for Home Loan - In-principle approval for the home loan at customers door step using tabletPC provided to the Banks Home Loan Sales Team which will capture on the tablet KYC details and details.

e-KYC - Generates e-KYC (Know Your Customer) identity document.

10. Bharatiya Mahila Bank (BMB) and SBI Cards have joined hands for roll-out of credit cards to customers of Indiasfirst women focused commercial bank

11. State Bank Group to spend 2% of profit on CSR: Arundhati Bhattacharya: The Chairperson of State Bank ofIndia (SBI) Ms. Arundhati Bhattacharya on June 2, 2014 said it would be endeavor of the State Bank Group tospend two per cent of the annual net profit on Corporate Social Responsibility (CSR) activities in each financial

year.

12. Govt. accepts Sahoo panel report on review of depository receipts scheme. The key recommendations of thecommittee include allowing issuance of depository receipts against any underlying securities equity or debt, byany issuer - listed or unlisted.

Note: Depository receipts are receipts denominated in foreign currency created by a depository in thecountry of listing. There are two popular types of depository receipts global

GENERAL CURRENT AFFAIRS:ALL BANKS & OTHER BODIES

1. Canara Bank opened branch in New York: Bangalore headquartered Canara Bank has achieved a milestone byopening its branch in New York, USA.

2. Bank of India (BOI) has become the first Indian bank to extend a bridge loan of $200 million to Air India tofinance the purchase of two Boeing 787 Dreamliner aircraft.

3. Qatar based Doha Bank announced its First branch in Mumbai. The branch in Mumbai will be opened as a full-


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fledged bank in May 2014.

4. Bank of India (BOI) launched Instant Money Transfer (IMT) scheme in Mumbai.Note: IMT scheme allowscustomers to withdraw cash without using either debt card or credit card at BoI's IMT-enabled ATMs. This is thefirst-of-its-kind initiative launched by a public sector bank.

5. Bharatiya Mahila Bank (BMB), the first all-women bank, tied with New India Assurance to launch health

insurance products for women account holders of the bank.

6. Indian Overseas Bank launched Connect Card, a new ATM cum Debit card in association with VISA that can beused for ecommerce across five lakh merchant outlets.

7. Finance Minister Arun Jaitley has been appointed on the Board of Governors of Philippines-based Asian

Development Bank (ADB).

8. FICCI and IDBI signed an MoU for easy access to organised finance facility at competitive interest rates for micro,small and medium enterprise (MSME).

9. From 2015, performance ratings of Banks on customer services will be put in public domain by BankingCodesStandards Board ofIndia (BCSBI).

10. Foreign Investment in Banking Sector : Up to 49% via Automatic Routeand 74% with Government Approval.

11. In a move that will release over Rs 39,000 crore of funds locked in government bonds, the Reserve Bank of Indiahas cut the mandatory statutory liquidity ratio (SLR) requirementfor banks by 50 basis points to 22.5%in itsbi-monthly policy in June.

12. Private sector IndusInd Bank has launched video-branch, claiming to be a first-of-its-kind service, enablingcustomers interact with the staff of the bank through video conference facility

13. State Bank of Indiahas partnered with payments service provider, Ezetap Mobile Solutions, to deploy mobilepoint-of-sale (mPOS) solution. The SBI-Ezetap platform would allow the bank to provide value-added services formerchants and consumers from a single, secure POS device and application.

14. State Bank of India is organising The Banking and Economics Conclave 2014 in Mumbai.

15. Bharatiya Mahila Bank Ltd (BMB) and trade body Gujarat Chamber of Commerce and Industry (GCCI)willjointly facilitate women entrepreneurs by addressing their finance requirements for technological up-gradation,marketing, diversification in their businesses.

16. ICICI Bank has launched co-branded card withDelhi Metro Railway Corporation.

17. Bank of Maharashtrawas conferred Best Bank Public Sector award in BFSI Awards-2014.

18. RuPayis Indias own card payment network just like Visa and Master Card and provides an alternative system forbanks to provide debit card service. RuPay is developed by National Payments Corporation of India (NPCI) a not-for-profit company envisioned by the Reserve Bank and created by the banking industry. Within 18

months

19. As per the Committeeon Comprehensive Financial Services for Small Businesses and Low-Income

Households, headed by Nachiket Mor (former executive director ICICI Bank):

SLR should be gradually abolished

A Separate category of banks should be created to cater to low-income households with a minimumentry capital requirement of Rs. 50 crore 1/10thof the currently mandatory Rs. 500 crore.

Banks should provide facilities for withdrawal, payment and deposit within 15 minutes walking distanceanywhere in the country.

All Indians above 18to have a full-service, safe, and secure electronic bank account by 2016. The priority sector lending cap should be increased from the current 40% to 50%.

20. The Reserve Bank of India (RBI) granted an additional nine months for the public to exchange currency notesprinted before 2005, including Rs. 500 and Rs. 1,000 denominations, and set a deadline of January 1, 2015. As

per the RBI, pre-2005 notes can be identified easily as these notes do not have the year of printing

mentioned on them.

21. The Union Finance Minister P. Chidambaram inaugurated the Indias first post office savings bank ATMat theHead Post Office in Thyagaraya Nagar, Chennai
http://currentaffairs.gktoday.in/current-affairs/bankinghttp://currentaffairs.gktoday.in/current-affairs/bankinghttp://currentaffairs.gktoday.in/current-affairs/bankinghttp://currentaffairs.gktoday.in/current-affairs/indiahttp://currentaffairs.gktoday.in/current-affairs/indiahttp://currentaffairs.gktoday.in/current-affairs/banking


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22. ICICI Bank Ltd. launched Branch on Wheelsin Odisha as part their financial inclusion plans toprovide Banking services in remote villages. Odishais the third state where ICICI Bank has expanded its Branchon Wheels network after Maharashtrain September 2013 and Chattisgarhin February 2014.

23. Telecom major, Vodafone India and ICICI Bank announced the launch of mobile commerce initiative called

M-Pesaservice in Odisha.

24. As per Reserve Bank of India (RBI) , Plastic currency noteswill be launched in 2015 after field trial which islikely to be conducted in the latter half of 2014. The pilot testing would be conducted in five cities- Kochi,Mysore, Jaipur, Bhubaneswar and Shimla.

25. One billion plastic notes of Rs.10 denomination will be released in the field trial in these cities chosen fortheir geographical andclimatic diversity. Plastic currency notes have an average life span of about 5 years andare difficult to counterfeit. Also, these notes are cleaner than paper notes.

26. Star trading houses big importers and exporters has been permitted by the RBI to import gold under itsexisting 20:80 scheme. Thus far, the facility was available to select banks only and other big entities like startrading houses were forbidden from importing the yellow metal.

27. The Government of India has accepted the report of Mayaram Committee thereby accepting the definitions ofFII and FDI.

Some key points from Mayaram Committee Report: Foreign investment of 10% or more in a listed companywill now be treated as FDI. An investor may be allowed to invest below 10% and this can be treated as FDI subject to the condition

that the FDI stake is raised to 10% or beyondwithin one yearfrom the date of the first purchase.

If the stake is not raisedto 10% or above, then the investment can be treated as portfolio investment.

28. RBI panel headed by Anand Sinhahas recommended bringing a benchmark floating interest rate, especially forhome loans. It also suggested to introduce Indian Banks Base Rate.

29. Union Government decided to provide interest free loans of 4400 crore to cash-starved sugar UnionGovernment of India on 23 June 2014 decided to provide additional interest free loan of up to 4400 crore rupees tosugar mills.

30. Switzerland prepared list of Indians with suspected black money in its banks:- Switzerland in third week ofJune 2014 prepared a list of Indians suspected to have stashed un-taxed wealth in various Swiss banks. This can beconsidered as a major boost to Indias fight against black money. Names of Indian individuals and entities wereprepared on the basis of the Swiss authorities ongoing exercise to identify real beneficiary owners of funds held invarious banks operating in Switzerland.

31. NABARD reduced rates of refinance to boost investment credit:The National Bank for Agriculture and RuralDevelopment (NABARD) on 9 June 2014 reduced the rate of interest by 20 basis points (bps) on long-termrefinance facility to banks with an objective to promote farm sector investments.

BANKING IMPORTANT TERMS

1. Commercial Paper: Commercial Paper (CP) is an unsecured money market instrument issued in the form of a

promissory note. Corporate, primary dealers (PDs) and the All-India Financial Institutions (FIs) are eligible to issue

CP. Maturity period: between a minimum of 7 days and a maximum of up to one year from the date of issue. CP can

be issued in denominations of Rs.5 lakh or multiples thereof. Only a scheduled bank can act as an IPA (Issuing andPaying Agent) for issuance of CP.

2. Treasury Bills: Treasury bills (T-bills) offer short-term investment opportunities. They are thus useful in managing

short-term liquidity. At present, the Government of India issues three types of treasury bills through auctions,

namely, 91-day, 182-day and 364-day. There are no treasury bills issued by State Governments. Treasury bills are

available for a minimum amount of Rs.25,000 and in multiples ofRs. 25,000. Treasury bills are issued at a discountand areredeemed at par.

3. Certificates of Deposit (CD): Certificate of Deposit (CD) is anegotiable money market instrument and issued indematerialised

form or as a Usance Promissory Note against funds deposited at a bank or other eligible financialinstitution for a specified time period.

Note: CDs can be issued by (i) scheduled commercial banks{excluding Regional Rural Banks and Local

Area Banks}; and (ii) select All-India Financial Institutions (FIs) that have been permitted by RBI

Minimum amount of a CD should be Rs.1 lakh, and in multiples of

Rs. 1 lakh thereafter. The maturityperiod of CDs issued by banks should not be less than 7 days and not more than one year, from the date ofissue.

4. Fiscal Deficit: A deficit in the government budget of a country and represents the excess of expenditure over


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income. So this is the amount of borrowed funds require by the government to meet its expenditures completely.

5. SDR (Special Drawing Rights): SDR are new form of International reserve assets, created by the InternationalMonetary Fund in 1967. The value of SDR is based on the portfolio of widely used countries and they aremaintained as accounting entries and not as hard currency or physical assets like Gold.

6 . Crossing of Cheque: Crossings refers to drawing two parallel lines across the face of the cheque. A crossed cheque

cannot be paid in cash across the counter, and is to be paid through a bank either by transfer,

collection or clearing.

7. Dishonour of Cheque: Non payment of cheque by the paying banker with a return memo giving reasons for thenon payment.

8. Demand Draft: Demand draft is defined as an order to pay money drawn by one office of a bank upon anotheroffice of the same bank for a sum of money payable to order on demand. Cheque and Demand draft both are usedfor transfer of money.

9. Difference b/w Cheque & DD: A cheque can be bounce but D.D cannot be bounce as it is already paid.

10. NEFT (National Electronic Fund Transfer):NEFT enables funds transfer from one bank to another but works abit differently than RTGS. NEFT is slower than RTGS. The transfer is not direct and RBI acts as the serviceprovider to transfer the money from one account to another. You can transfer any amount through NEFT, even a

rupee.Minimum limit:No Minimum limit Maximum Limit: No maximum limit

11. RTGS (Real time gross settlement ): RTGS system is funds transfer systems where transfer of money or securitiestakes place from one bank to another on a "real time" and on "gross" basis. Settlement in "real time" means paymenttransaction is not subjected to any waiting period. The transactions aresettled as soon as they are processed.

Minimum & Maximum Limit of RTGS: 2 lakh and no upper limit.

12. Call Money: Call Money is the borrowing or lending of funds for 1day.

13. Notice Money: Money borrowed or lend for period between 2 days and 14 days it is known as Notice Money

14. Term Money: Term Money refers to borrowing/lending of funds for period exceeding 14 days

15. CRAR(Capital to Risk Weighted Assets Ratio) or CAR(Capital Adequacy Ratio): Capital to risk weightedassets ratio is arrived at by dividing the capital of the bank with aggregated risk weighted assets for credit risk,market risk and operational risk.

16. Non Performing Assets (NPA): An asset, including a leased asset, becomes non performing when it ceases togenerate income for the bank.

17. Doubtful Asset: An asset would be classified as doubtful if it has remained in the substandard category for a periodof 12 months.

18. CASA Deposit: Deposit in bank in current and Savings account.

19. Liquid Assets: Liquid assets consists of cash, balances with RBI, balances in current accounts with banks, money at

call and short notice, inter-bank placements due within 30 days and securities under held for trading and

available for sale categories excluding securities that do not have ready market

20. Import parity price (IPP): The price that a purchaser pays or can expect to pay for imported goods such as petrol,diesel or cooking gas. The import parity price (IPP) is the price at the border of a good that is imported, which includes international transport costs and tariffs. The IPP is used in International trade and is sometimes referred to as the International Benchmark Price.

21. Export parity price (IPP): The price that a producer gets or can expect to get for its product if exported, equal tothe Freight on Board price minus the costs of getting the product from the farm or factory to the border. The EPP

applies only to the quantity that is exported and not to the quantity that is sold domestically.

22. Basis points: It is the increase in interest rates in percentage terms. For instance, if the interest rate increases by50 basis points (bsp), then it means that interest rate has been increase by 50%. One percentage point isbroken down into 100 basis points. Therefore, an increase from 2% to 3% is an increase of one percentage point

or 100 basis points.

23. Participatory Notes or P-notes: are derivative instruments, used by Foreign Institutional Investors (FIIs) who are

NOT registered with SEBI. P-Notes, mostly used by overseas HNIs (High Net worth Individuals), hedge funds and


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other foreign institutions, allow them to invest in Indian markets through registered Foreign Institutional Investors(FIIs), while saving on time and costs associated with direct registrations.

24. Devaluation: means official lowering of the value of a country's currency within a fixed exchange rate system, bywhich the monetary authority formally sets a new fixed rate with respect to a foreign reference currency.

25. IFSC: IFSC code means Indian Financial System Code. RTGS and NEFT payment system of Reserve Bank of

India (RBI) use these codes. IFSC code consists of 11 Characters identified as under (Lets take an example of SBI,Madhapur Hyderabad):- First 4 digits show the Identity of the bank. i.e. SBIN 5th digits in default as ZERO (forfuture use) i.e. 0 Last 6 Characters display the Branch Identity. i.e. 004187 So IFSC Code is SBIN004187

26. MICR:MICR code means Magnetic Ink Character Recognition code which contains 9 digits, like 380002006appearing at the bottom of the cheque, following the cheque number. Each Bank Branch has a unique MICR code.

First 3 digits:-City PIN Code + Next 3 digits :Bank Code +Last 3 Digits-Branch Code

27. CTS (CHEQUE TRUNCATION SYSTEM) CTS is basically an online image-based cheque clearing systemwhere cheque images and Magnetic Ink Character Recognition (MICR) data are captured at the collecting bank

branch and transmitted electronically. Truncation means, stopping the flow of the physical cheques issued by adrawer to the drawee branch.

28. Core Banking Solution (CBS)

gk cracker-sbi clerk special

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