SBI Clerk Mains(2016)

Transcription

SBI CLERK-MAINS (2016) CRACKER FOR G.K & BANKING
Banking Sytem in India
Reserve Bank of India: It is the Central Bank of the country. The Reserve bank of india was
established in 1935 with a capital of Rs.5 crore This capital of Rs.5 crore was divided into 5 lakh
equity shares of Rs. 100 each in the beginning the ownership of almost all the share capital was with
the non-government shareholders In order to prevent the centralization of the equity shares in the
hands of a few people.
The Reserve Bank of India was nationalised on January 1.1949. The general administration and
direction of RBI is managed by a Central Board of Directors consisting of 20 members which
includes 1 Government official appointed by the Union Government of india to give representation to
important stratas in economic life of the country Besides 4 directors are nominated by the Union
Government to represent local boards. Apart From the central board there are 4 local board also and
their head offices are situated in Mumbai Chennai Kolkata and New Delhi 5 members of local boards
are appointed by the Union Government for a period of 4 years the local boards work according to the
instruction and orders given by the Central.
Governor : Raghuram Govind Rajan
List of Deputy Governor:
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Name: Urijit Patel
Name: S.S.Mundra.
Name: H.R.Khan
Name: H R.Gandhi
Important Points on RBI
 RBI generally reviews the monetary policy every three months on a quarterly basis.
 The rate at which Reserve Bank of India lends short term money to the banks is called as repo
rate.
 The Reserve Bank of India was nationalized on 1.1.1949.
 RBI functions are governed by RBI act 1934.
 RBI is not expected to perform the function of accepting deposits from the general public.
 RBI has its headquarters at Mumbai.
 Prime lending rate is not decided by RBI.
 Prime lending rate is decided by the individual banks .
The Institute of Banking Training
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 RBI decides the following rates namely; Bank rate, repo rate, reverse repo rate and cash
reserve ratio.
 RBI was set up on the recommendations of Hilton Young commission.
 The quantitative instruments of RBI are – bank rate policy, cash reserve ratio and statutory
liquidity ratio.
 The objective of monetary policy of RBI is to control inflation; discourage hoarding of
commodities and encourage flow of credit into neglected sector.
 When RBI is lender of the last resort, it means that RBI advances credit against eligible
securities.
 Government of India decides the quantity of coins to be minted.
 The method which is used currently in India to issue currency note – minimum reserve
system.
 For issuing notes, RBI is required to hold the minimum reserves of Rs. 200 crore of which
note less than Rs. 115 crore is to be held in gold.
Interest Rates decided By RBI
Repo Rate:
Repo rate is the rate of interest which is levied on Short-Term loans taken by commercial banks from
RBI. Whenever the banks have any shortage of funds they can borrow it from RBI. A reduction in the
repo rate will help banks to get money at a cheaper rate. When the repo rate increases, borrowing
from RBI becomes more expensive.
Reverse Repo Rate:
This is exact opposite of Repo rate. Reverse repo rate is the rate at which commercial banks charge
on their surplus funds with RBI. RBI uses this tool when it feels there is too much money floating in
the banking system. Banks are always happy to keep money with RBI since their money is in the safe
hands with a good interest. An increase in Reverse repo rate can cause the banks to transfer more
funds to RBI due to these attractive interest rates.
CRR Rate:
Cash reserve Ratio (CRR) is the amount of cash funds that the banks have to maintain with RBI. If
RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is
using this method (increase of CRR rate), to drain out the excessive money from the banks.
SLR Rate: SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in
the form of cash, or gold or government approved securities (Bonds) before providing credit to its
customers. SLR is determined and maintained by the RBI in order to control the expansion of bank
credit. SLR is determined as the percentage of total demand and time liabilities. Time Liabilities are
the liabilities a commercial bank is liable to pay to the customers after a specific time period. SLR is
used to control inflation and proper growth. Through SLR tuning, the money supply in the system can
be controlled efficiently.
Bank Rate
Bank rate is the rate of interest which is levied on Long Term loans and Advances taken by
commercial banks from RBI. Changes in the bank rate are often used by central banks to control the
money supply.
MSF Rate:-MSF (Marginal Standing Facility Rate) is the rate at which banks can borrow overnight
from RBI. This was introduced in the monetary policy of RBI for the year 2011-2012. Banks can
borrow funds through MSF when there is a considerable shortfall of liquidity. This measure has been
introduced by RBI to regulate short-term asset liability mismatches more effectively.
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Currency in India
What do you know by currency chest?
Currency chests are operated by RBI so that they can provide good quality currency notes to the
public. However, RBI has appointed commercial banks to open and monitor currency chests on
behalf of RBI. The cash kept in currency chests is considered to be kept in RBI.
What do you mean by narrow banking?
It is the system of banking under which the bank accepts deposits from the public and places the
funds accepted in 100 percent risk free assets with maturity matching for its liabilities. The bank takes
no risk of lending at all.
Banking and Financial Awareness Current Affairs
1. RBI has kept interest rate unchanged - On 8 June 2016, the Reserve Bank of India in its 6th
bi – monthly policy review, key policy interest rates were kept unchanged on the basis of an
assessment of the current and evolving macroeconomic situation in the country.
Current policy and Reserve Rate:
Repo Rate
Reverse Repo Rate
MSF(Marginal Standing Facility)
Bank Rate
CRR(Case Reserve Ratio
SLR (Statutory Liquidity Ratio)
6.50%
6.00%
7.00%
7.00%
4.00%
21.25%
2. India’s largest lender State Bank of India (SBI) - has partnered with taxi-hailing service
Uber to provide its drivers with vehicle finance. The meeting was attended by Chairman
Arundhati Bhattacharya and Uber head of Asia operations Eric Alexander. Since all of the
car loans will fall under Rs 10 lakh, they will automatically be covered under the MUDRA
scheme and the credit guarantee fund trust for micro and small enterprises (CGTMSE) scheme
of SIDBI and Ministry of Small and Medium Enterprises.
3. The Kotak Mahindra Group and Canada Pension Plan Investment Board (CPPIB)
announced a $525-million fund, joining the growing tribe of stressed assets players in India.
Senior executives said the fund, to be called Kotak Special Situations Credit Fund, would
have a mandate to invest in bank non-performing assets (NPAs) as well as structured debt
extended to companies directly.
4. International Finance Corporation (IFC), a member of the World Bank group, launched
its first Uridashi Masala bonds, mobilizing Rs. 30 crore (or $4.3 million) directly from
Japanese household investors to promote private sector development in India.
Note: Masala bonds are rupee-denominated instruments sold only to offshore investors,
while Uridashi bonds are sold to Japanese household investors.
5. Former Comptroller and Auditor General (CAG) of India Vinod Rai as the first chairman of
the Banks Board Bureau (BBB). The BBB would replace the Appointment Board for
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appointment of whole time directors and non-executive chairman of PSBs as well as help
formulate appropriate strategies for their growth and development. And others in the 4member Bureau are: Anil K. Khandelwal, former CMD of Bank of Baroda; HN Sinor,
former Joint MD, ICICI Bank; and Rupa Kudwa, former MD & CEO, CRISIL. The
appointees would have tenure of two years.
6. The Reserve Bank of India (RBI) clarified that UDAY bonds, if and when issued as nonSLR state development bonds, will not hit the market but will be done through the private
placement route. The central bank also said it would consider regulatory relaxations, including
classification of these bonds as held to maturity (HTM).
7. Kotak Mahindra Bank, the country’s third-biggest bank by market capitalization, has signed
a share subscription and shareholders’ agreement with Bharti Airtel and its 100% subsidiary
Airtel M Commerce Services Ltd. (AMSL) to buy a 19.9% stake in the latter for Rs 98.38
crore. RBI granted a payments bank licence to AMSL.
8. The National Bank for Agriculture and Rural Development (NABARD) and the National
Highways Authority of India (NHAI) are planning to come out with their tax-free bond
issues. NABARD is planning to raise up to Rs 1,500 crores through tax-free bonds via the
private placement route. NHAI is also looking to raise up to Rs 3,300 crores via public issue
of its tax-free bonds. The company is offering bonds having tenures of 10 and 15 years.
9. NABARD entered into collaboration with German Govt. on ‘Soil Protection and
Rehabilitation for Food Security’.
10. Agri and rural lender Nabard is set to raise Rs 50,000 cr. from the markets in FY'17.
11. Jalandhar based Capital Local Area Bank (CLAB) Limited became the first financial
entity in India to get Small Financial Bank Licence by the Reserve Bank of India (RBI).
CLAB Ltd. states to be largest local bank in the country with total 44 branches in five districts
of Punjab. It will begin its operations as a small finance bank from April 13, 2016 and it will
focus on the northern region for first five years of operations.
12. State Bank of India (SBI) has been granted preliminary approval to operate Myanmar. SBI
was granted operating licence by Myanmar Government along with three other Asian banks.
These are Bank for Investment and Development of Vietnam, Sun Commercial Bank of
Taiwan and Shinhan Bank of South Korea.
13. ICICI Bank has presented iWork@Home programme for its women employees for up to a
year. It was launched by Chanda Kochhar, Managing Director and CEO of ICICI Bank on
the occasion of International Women’s Day (8th March).
14. Private lender Yes Bank launched an all-women operated bank branch 'Yes Grace' on
Cunningham Road in Bangaluru aimed at offering customised banking solutions to women.
15. HDFC Bank organised a two-day Digital Innovation Summit to get 30 fintech companies to
make presentations to its top management with innovative banking and payment solutions.
16. In the run-up to the next BRICS Summit to be held in New Delhi, India this year, Yes Bank
signed a pact with the India Brazil Chamber of Commerce for cooperation in knowledge
sharing, consultancy, skill and technology. The core sectors covered in the MoU will be
sports, media and entertainment with special focus on IT, infrastructure, broadcast driven
business opportunities. The MoU also seeks for building ground for innovative business
integrations for businesses from India and Brazil.
17. The World Bank and the Asian Infrastructure Investment Bank (AIIB) signed the first cofinancing framework agreement paving the way for joint projects. In 2016, the AIIB
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expects to approve about $1.2 billion in financing, with World Bank. The agreement in this
regard was signed by World Bank Group President Jim Yong Kim and Asian Infrastructure
Investment Bank President Jin Liqun.
18. The New Development Bank, the latest multilateral funding institution in the financial world,
has sanctioned a $250-million loan for India to fund its ambitious scheme on new and
renewable energy, a top finance ministry official has said. “Participated in meetings of BRICS
(Brazil, Russia, India, China and South Africa) finance ministers and Board of Governors of
the New Development Bank. Major policy issues discussed,” India’s Secretary for Economic
Affairs Shaktikanta Das said.
19. SEBI allowed mandatory sponsor holding in Infrastructure Investment Trusts (InvIts) to be
reduced to 10% from current requirement of 25%, subject to certain conditions. SEBI also
increased the number of sponsors from 3 to 5.
20. The World Bank’s Board has approved $625 million loan to support India’s grid connected
rooftop solar programme to generate clean energy. The Board also approved a co-financing
loan of $120 million on concessional terms and a $5 million grant from Climate Investment
Fund’s (CIF) Clean Technology Fund. It will be implemented by the State Bank of India,
which will on-lend funds to solar PV developers/ aggregators and end-users, who wish to
invest in mainly commercial and industrial rooftop PV systems.
21. ICICI Bank has launched a contactless mobile payment solution through which its
customers will be able to make payments by waving their cell phones near a contact-less
NFC- enabled merchant terminal. Using the virtual cards, an ICICI Bank customer can initiate
electronic payments from Near Field Communication (NFC) enabled smart phones.
22. RBI has decided to share FDI-related data with the country's intelligence agencies,
Intelligence Bureau (IB) and Research and Analysis Wing (RAW), to check the black money
entering India.
23. RBI signed a Special Currency Swap Agreement with the Central Bank of Sri Lanka. Under
the arrangement, the Central Bank of Sri Lanka can draw up to 700 million US dollars.
24. SBI has launched ‘Japan Desk’, a single window for inbound Japanese investments in India
and vice-versa. This is a first-of-its-kind initiative that seeks to facilitate Japanese corporate
looking to invest in India with banking and advisory services.
25. Banks have so far disbursed over Rs 1.15 lakh cr. under Pradhan Mantri MUDRA Yojana
(PMMY).
26. Indian Overseas Bank (IOB) has become the first bank to commence the sale of Indian Gold
Coin (IGC) in the domestic market.
27. International Finance Corporation, a member of the World Bank Group launched its first
Uridashi Masala Bond.
28. Meghalaya CM Mukul M Sangma inaugurated the first Digital Branch of State Bank of India
in North East.
29. RBI has extended the $2 billion currency swap arrangement to SAARC nations till midNovember 2017. Under the arrangement, RBI is to offer swap arrangement up to an overall
amount of $2 billion both in foreign currency and Indian rupee.
30. The Cabinet has given approval to the MoU between the Reserve Bank and the Central Bank
of United Arab Emirates (UAE) on co-operation on currency swap agreement.
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New Appointments/ National
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Who is new Chairman of The Energy and Resources Institute (TERI) - Ashok Chawla
Who is new Director of Indian Institute of Millets Research (IIMR) - Vilas A. Tonapi
New Chief Justice of the Bombay High Court - Justice Dhirendra Hiralal Waghela
Who is new Head of Indian Cost Accounts Service (ICoAS) she became the first woman to
occupy the post.- Aruna Sethi
New Head of Mission and Force Commander of the United Nations Disengagement Observer
Force (UNDOF) - Major General Jai Shankar Menon of India
New Managing Director (MD) and Chief Executive Officer (CEO) of Corporation Bank - Jai
Kumar Garg
New Director General of the Sashastra Seema Bal (SSB) that guards India's frontiers with
Nepal and Bhutan - Archana Ramasundram(She became the first woman to head a
paramilitary force)
Who is new India’s Ambassador to Mexico - Muktesh Kumar Pardeshi (Senior IFS officer)
New Chairman of Central Board of Direct Taxes (CBDT) - Atulesh Jindal (Senior revenue
service officer)
New Chairperson of the 21st Law Commission.- Justice Balbir Singh Chauhan
New Chairperson of the National Human Rights Commission of India.- Justice Handyala
Lakshminarayanaswamy Dattu
New Director General (DG) of Indian Coast Guard.- Rajendra Singh
New 28th Chief Justice of the High Court of Karnataka.- Justice Subhro Kamal Mukherjee
New Chief Justice of the Meghalaya High Court.- Justice Dinesh Maheshwari
New Chairman and Managing Director (CMD) of Bhartiya Nabhikiya Vidyut Nigam Ltd
(BHAVINI)- Kallol Roy
New President, CEO of Bank of the West - Nandita Bakhshi (Indian-American)
New Chief Justice of Tripura High Court.- Justice Tinlianthang Vaiphei
New Chief of the Naval Staff - Sunil Lanba
New The Director General (DG) of Railways Protection Force (RPF).- Surender Kumar
Bhagat (Senior IPS officer
New 4th Goodwill Ambassador for Team India at the Rio Olympics.- AR Rahma
New Director general of police (DGP) of Gujarat.- PP Pandey
New Ambassador of India to the Republic of Tajikistan - Somnath Ghosh
New Chief of Bureau of Civil Aviation Security (BCAS) - Kumar Rajesh Chandra
New CEO, Board of Control for Cricket in India (BCCI) - Rahul Johri
New Director General of Police (DGP),Gujarat - Geeta Johri
New Director General (DG), Bureau of Police Research and Development - Meeran C
Borwankar
New and First woman CM of J&K - Mehbooba Mufti
New Member, International Coordinating Committee of National Human Rights Institutions
(ICC) Bureau in Geneva.- HL Dattu
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New Appointments/ International
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New president of Taiwan - Tsai Ing-wen
New President of Philippines - Rodrigo "Digong" Duterte
New 9th President of Vietnam - Tran Dai Quang
New President of Kosovo - Hashim Thaci
New President of Chad - Idriss Deby
New President of Central African Republic - Faustin Archange Touadera
New President of Zanzibar - Ali Mohamed Shein
New President of Myanmar - Htin Kyaw
New Vice-President of South Sudan - Riek Machar
New President of Laos - Bounnhang Vorachit
New PM of Tibetan - Lobsang Sangay
New PM of Congo - Mouamba Clement
New PM of Ireland - Enda Kenny
New PM of Tibet - Lobsang Sangay
New PM of Iceland - Sigurdur Ingi Johannsson
New PM, Vietnam - Nguyen Xuan Phuc
New PM of Guinea Bissau - Baciro Dja
New US next envoy to Chad - Geeta Pasi (Indian American)
New Executive Director to the ADB - Pio Swati Dandekar
New Goodwill Ambassador, UN Population Fund (UNFPA) - Ashley Judd
New Goodwill Ambassador, UN Development Programme (UNDP) - Michelle Yeoh
New Chairman, International Association of Athletics Federations (IAAF) - Rozle Prezelj
New Vice-president and chief investment officer of the newly-created Asian Infrastructure
Investment Bank (AIIB) - DJ Pandian
 New Deputy Chairman of FIFA Governance Committee - Justice Mukul Mudgal
Awards & Honours
List of winners of the 10th Asian Film Awards
 Best Film: The Assassin
 Best Director: Hou Hsiao-Hsien for The Assassin
 Best Actor: Lee Byung-hun for The Inside Men
 Best Actress: Shu Qi for The Assassin
 Skoch Lifetime Achievement Award - M Venkaiah Naidu
 Lifetime Achievement Award -Yuen Wo-ping and Kirin Kiki
 Winner of the 2016 Abel Prize - Sir Andrew Wiles
 Chameli Devi Jain Award joint winners of the(2015-16) - Priyanka Kakodkar and Raksha
Kumar
 Prestigious Golden City Gate Award - Kerala Tourism's
 Pandit Dinanath Mangeshkar award - Ranveer Singh
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 Saraswati Samman for 2015 - Padma Sachdev(autobiography titled Chitt-Chete, written in
Dogri language)
 Global Indian of the Year 2016 award - Aishwarya Rai Bachchan
 FBB Femina Miss India World 2016 - Priyadarshini Chatterjee
 Mongolia’s highest civilian award "North Star" - Lokesh Chandra and Mansura Haider
 Bihari Puraskar 2015 - Poet Dr Bhagwati Lal Vyas
 Dadasaheb Phalke Award For 'Aligarh' - Manoj Bajpayee
 Dadasaheb Phalke Film Foundation Award 2016 in best actress category -Priyanka Chopra
 'Ceat T20 Player of the Year' awards 2016 - Virat Kohli
 Wisden’s Leading Cricketer in the World for the year 2015 - Kane Williamson
 'Sportsman and sportswoman of the Year' Laureus World Sports Awards -Tennis stars,
Novak Djokovic and Serena Williams
 'National Medal of Science' award from US President-Mr. Rakesh Jain
 Innovation Award 2016 given by the Indian Desalination Association (IDA), South Zone Prof. Sirshendu De
 ‘Excellence Award on empowering MSMEs’- Corporation Bank
 2016 Nelson Mandela Award - Tabassum Adnan
 Three international awards, including for best airport by size in the Asia Pacific region Indira Gandhi International Airport (IGIA)
 ‘Krishi Karman Award” - Govt. of Himachal Pradesh
New Books & Authors
 Book: A Kingdom For His Love authored by - Vani Mahesh and Shinie Antony
 Book: Nathuram Godse - The Story of an Assassin authored by- Anup Ashok Sardesai
 Book: The Z Factor: My Journey as the Wrong Man at the Right Time authored by -Subhash
Chandra.
 Book: Fixed! Cash and Corruption in Cricket authored by - Shantanu Guha Ray
 Book: Gandhi: An Illustrated Biography authored by - Pramod Kapoor
 Book: Who was Shivaji authored by - Govind Pansare
 Book: A State in Denial - Pakistan's Misguided and Dangerous Crusade authored by - BG
Verghese (veteran journalist)
 Book: The Kiss of Life: How a superhero and my son defeated cancer authored by -Emraan
Hashmi and Bilal Siddiqi
 Book: Anything But Khamosh: The Shatrughan Sinha Biography authored by - Bharathi S
Pradhan
 Book: The Drowned Detective authored by - Neil Jordan
 Book: Chaos and Caliphate: Jihadis and the West in the Struggle for the Middle East authored
by - Patrick Cockburn
 Book: India vs Pakistan: Why Can’t we just be Friends authored by - Husain Haqqani
(Former Pakistani Ambassador to the U.S.)
 Book: Shashi Kapoor – the Householder, the Star authored by - Aseem Chhabra (Film
journalist)
 Book: Blood on my Hands: Confessions of Staged Encounter authored by - Kishalay
Bhattacharjee
 Book: The Drowned Detective authored by - Neil Jordan
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 Book: Chaos and Caliphate: Jihadis and the West in the Struggle for the Middle East authored
by - Patrick Cockburn
 Book: The Making of India: The Untold Story of British Enterprises authored by - Kartar
Lalvani
 Book: Blood on my Hands: Confessions of Staged Encounters authored by - Kishlay
Bhattacharjee
 Book: Shashi Kapoor - the Householder, the Star authored by - Aseem Chhabra
 Book: A State in Denial - Pakistan’s Misguided and Dangerous Crusade authored by - BG
Verghese
News Around the States
 Union Minister for Health & Family Welfare JP Nadda launched Project ‘Clean Street Food’.
The project of Food Safety and Standards Authority of India (FSSAI) aims at to raise the safety
standards of foods sold on streets across the capital city of New Delhi. In the first phase of the
project, about 20000 roadside vendors will be trained on aspects of health and hygiene.
Key characteristics of Clean Street Food
 FSSAI will partner with the Ministry of Skill Development & Entrepreneurship to train
street food vendors at more than 40 centres across Delhi
 The food vendors will receive training under the Recognition of Prior Learning (RPL)
category of the Government’s flagship skills training scheme - Pradhan Mantri Kaushal
Vikas Yojana (PMKVY).
 Under the Delhi Project, 20000 food street vendors would be trained, assessed and certified
by seven training partners over the next four weeks at 40 training centres set up for the
purpose across Delhi.
 The Tourism and Hospitality Sector Skill Council (THSC), an affiliate of the National Skill
Development Corporation, Ministry of Skill Development & Entrepreneurship will be the
training provider under the Project.
 Food vendors will receive Smart Skill-cum-Registration cards on completion of the
training. Delhi Food Safety Commissioner and the National Association of Street Vendors
of India (NASVI) are engaged in mobilization of street vendors across Delhi.
 Minister of Railways Suresh Prabhakar Prabhu on 5 May 2016 dedicated to the nation a high
speed Wi-Fi hotspot at the three Railway Stations. These stations are Vijayawada in Andhra
Pradesh, Kachiguda in Telangana and Raipur in Chhattisgarh.
 Prime Minister Narendra Modi on 1 May 2016 launched the Pradhan Mantri Ujjwala Yojana
(PMUY) at Ballia, Uttar Pradesh. It will benefit the poor, especially the women.The scheme
aims to provide cooking gas connections to five crore below-poverty-line beneficiaries over the
next three years.
 The Union Government approved country’s first Metrino Pod project for Gurgaon, for which
the state government would not have to pay anything. The work on this project would start by 1
June 2016.
 Rail Minister Suresh Prabhu flagged off India's fastest train, the Gatimaan Express from Delhi
station to Hazrat Nizamuddin station.
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 The Department of Industrial Policy and Promotion (DIPP) under Union Ministry of Commerce
and Industry on 31 March 2016 launched the Startup India portal http://startupindia.gov.in
and mobile app in New Delhi.
 Telangana and Maharashtra signed 5 Memorandums of Understanding (MoUs) to facilitate
construction of irrigation barrages across the River Godavari and its tributary Penganga. The
MoUs were signed by Chief Ministers of Maharashtra and Telangana Devendra Fadnavis and K
Chandrashekar Rao respectively in Mumbai.
Highlights of MoUs
 An inter-state water board will be formed to oversee implementation of previously agreed
and future inter-state river projects on Godavari.
 It will oversee the implementation of the Godavari Water Disputes Tribunal award of 1979.
 The chairmanship and vice-chairmanship of the board will be held by chief ministers of
respective States in rotation manner in alternative years.
 Ministers and secretaries of various departments of two States will be the members of the
board.
 The head office of the board will be located in Hyderabad.
 Among other projects, the board will oversee the implementation of following –
 Lendi Project
 Pranahita Project (tummidi hatti project), Kaleshwaram Project (Medigadda barrage)
 Barrage on Penganga, a tributary of Godavari, at Raju Peta
 Barrage on Penganga at Chanaka-Korata
 Lower Penganga project
 Prime Minister Narendra Modi launched the guidelines for operationalization of the Pradhan
Mantri Fasal Bima Yojana (PMFBY). The guidelines were issued at a farmers’ convention in
Sherpur village of Madhya Pradesh. The PMFBY is a path breaking scheme for crop insurance
and was approved by the Union Cabinet on 13 January 2016.
 Union Urban Development Miniser M Venkaiah Naidu announced the results of Swachh
Survekshan 2016 survey. Under the Swachh Survekshan 2016, 73 cities were surveyed for
cleanliness and categorized based on the marks scored by each of them. Out of the 73 cities,
while Mysuru in Karnataka was adjudged as the cleanest city, Dhanbad in Jharkand was
adjudged as the least clean city.
 Union Minister of State (Independent Charge) for Petroleum and Natural Gas Dharmendra
Pradhan released the Hydrocarbon Vision 2030 for north-east India.The states covered under
this vision are Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland,
Sikkim and Tripura.
Main Features of the Hydrocarbon Vision 2030
 It outlines the steps to leverage the hydrocarbon sector for development of the region in
Guwahati.
 It is focused and consultative exercise to develop a common and shared aspiration for
benefiting people of the north east region with involvement and inputs of various
stakeholders, industry players and state governments.
 It not only includes the ambition for the region but also an actionable roadmap.
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The objectives of the plan are to leverage the region’s hydrocarbon potential, enhance
access to clean fuels, improve availability of petroleum products, facilitate economic
development and to link common people to the economic activities in this sector.
It rests on five pillars: People, Policy, Partnership, Projects and Production.
 The Union Ministry of Agriculture and Farmers Welfare decided to set up the National Organic
Farming Research Institute in Sikkim.
 Union government approved fitting of roof top solar energy panels over 10000 houses belonging
to Economically Weaker Sections in Tamil Nadu at a cost of 253 crore rupees. This is first of its
kind under Prime Minister’s Awas Yojana (PMAY). Under this Scheme, The Ministry of
Housing & Urban Poverty Alleviation will provide an assistance of 150000 rupees per house
while the State Government will contribute 60000 rupees and the beneficiary’s contribution will
be 43000 rupees About Prime Minister’s Awas Yojana (PMAY).
 Housing Scheme for All 2022 was renamed to Pradhan Mantri Awas Yojana (PMAY).
 This scheme was launched on 25th June 2015 by PM Narendra Modi.
 It aims to construct about 2 crore houses in the country within 7 years that is from 2015 to
2022.
 Nitin Gadkari has launched 20 Nirbhaya buses of Rajasthan State Transport Corporation with
multiple safety measures to better protect women passengers.
 Andhra Govt. which is known for its innovations and use of technologies in various sectors has
also become the first Indian state to implement lift irrigation.
 Madhya Pradesh is going to have its first Indo Tibetan Border Police weapon training centre
at Batiagarh, Damoh.
 In Bengaluru, South India’s first underground metro services flagged off at East-West corridor
(Purple Line) of BMRCL (Bangalore Metro Rail Corporation Limited).
 Andhra Pradesh CM formally inaugurated the state’s interim Govt. complex named AP Govt.
Transitional Headquarters at Velagapudi village in capital region Amaravati.
 Govt. of Punjab has proposed to develop 200 smart villages during the current financial year
2016-17 which will be provided with ultra-modern facilitie.
 PM Narendra Modi has launched the country's first solar powered e-boats at the Assi Ghat in
the river Ganga, Varanasi.
 Govt. of Kerala has taken first of its kind initiative by launching the Air Ambulance in Kerala
launched by the CM Oommen handy.
Sports News
 Indian Railways won the 36th National Chess team Championship in Bhubaneswar, Odisha. For
the Indian Railways team it was the first ever title. To win the championship the team defeated
Life Insurance Corporation (LIC) team in the final.
 The India women's team won gold at the 12th South Asian Games (SAG), beating Nepal 4-0 in
the final at the Jawaharlal Nehru Stadium in Shillong.
On the other hand, the match brought to an end India's top women's footballer Bembem Devi's
international career.
About 12th South Asian Games :
 Over 2500 athletes from India, Pakistan, Sri Lanka, Bangladesh, Afghanistan, Nepal, Bhutan
and Maldives are part of the games that is being co-hosted by Meghalaya Capital, Shillong.
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 A total of 228 events in 23 sports disciplines are being played during the games.
 Games slogan is Play for Peace, Progress and Prosperity.
 Tikhor, a one-horned rhino that represents endangered fauna of Assam found in Kaziranga
National Park is the official mascot of the event.
 India is hosting the game for the third time. First was held in 1987 in Kolkata, West Bengal
and second time in 1995 in Chennai, Tamil Nadu.
 The 12th South Asian Games, 2016 is the first international multi-sporting mega event in the
North Eastern region.
 Dominic Thiem defeated Nicolas Almagro to win ATP Argentina Open
 World No. 19 Dominic Thiem defeated Spaniard Nicolas Almagro 7-6 (2), 3-6, 7-6 (4) to
win the Association of Tennis Professionals (ATP) Buenos Aires tournament. With the win,
Theim claimed his fourth ATP singles title.
 Thiem reached the final after beating former No. 1 Rafael Nadal in the semifinals.
About Dominic Thiem
 Dominic Thiem is an Austrian tennis player.
 He first achieved his ATP high ranking of World No. 18 on 10 August 2015.
 He is currently the youngest player in the top 20 and top 30 of the world rankings.
 He won his first career ATP World Tour title in Nice, France, by defeating Argentina's
Leonardo Mayer in the final.
About ATP Buenos Aires
 The ATP Buenos Aires is an annual tennis event for male tennis players held in Buenos
Aires, Argentina.
 The tournament is an ATP World Tour 250 series event.
 It is played on outdoor clay courts at the 5500 capacity Buenos Aires Lawn Tennis Club,
in the Palermo barrio.
 The event includes both a men's singles and a men's doubles tournament.
 Between 1970 and 1989, it was part of the Grand Prix tennis circuit and a Grand Prix
Super Series event (1970–71).
 The event was previously known as South American International Championships, South
American Open, Copa AT&T and Copa Telmex.
 Rafael Nadal was the winner of 2015 ATP Buenos Aires (Singles).
 Sania Mirza, Martina Hingis won 2016 St. Petersburg Ladies Trophy
 Sania Mirza and her Swiss partner Martina Hingis won the 2016 St. Petersburg Ladies
Trophy in St. Petersburg, Russia.
 To win the title, the top-seeded Indo-Swiss pair defeated the Russian-Czech team of Vera
Dushevina and Barbora Krejcikova by 6-3 6-1 in the women’s doubles final.
Earlier records in women’s doubles
 Longest winning streak since 1990: It was registered by Jana Novotna and Helena Sukova of
Czech Republic who won 44 matches in a row.
 All time record: It is held by Martina Navratilova (Czech-American) and Pam Shriver (the
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USA) who set up the record in 1983 by winning record 109 matches in a row.
The West Indies lifted their maiden ICC Under-19 Cricket World Cup title. In the final
played at Mirpur, West Indies defeated three time champions India by five wickets.
Kerala won the 61st National School Athletics championship. The national School Athletics
championship was held at Olympian Rahman Stadium in Kozhikode, Kerala from 29
January 2016 to 2 February 2016.
Aditya Mehta won the 83rd Senior National Snooker Championship in Indore, Madhya
Pradesh.
World Number One Novak Djokovic won the Australian Open Men’s Singles title. In the
final played at Melbourne, the Serbian defeated Andy Murray of Britain in straight sets 6 - 1,
7 - 5, 7 - 6.
With this, Djokovic retained his title and also equalled the record of Roy Emerson's record
of six Australian Open Singles titles.
 United Kingdom Anti-Doping (UKAD) was granted a role of organising a worldwide fight
against performance-enhancing drugs in the run-up to 2016 Olympic Games in Rio.It was
appointed as the secretariat for an International Olympic Committee anti-doping taskforce which
will seek to standardise testing procedures.
 Services won the Santosh Trophy National Football Championships title. In the summit clash at
SEC Railway Stadium in Nagpur, Services defeated host Maharashtra 2-1.
 Australian golfer Adam Scott on 6 March 2016 won the 2016 WGC-Cadillac Championship at
Doral, Florida, U.S.
About Adam Scott
 Australian professional golfer, Adam Derek Scott plays mainly on the PGA Tour.
 He was the World No. 1 ranked golfer from mid-May to August 2014.
 He has won 29 professional tournaments around the world.
 His biggest win to date was the 2013 Masters Tournament, his first major championship
and the first Masters won by an Australian in its 77-year history.
About WGC-Cadillac Championship
 The WGC-Cadillac Championship is a professional golf tournament, one of the four annual
World Golf Championships.
 It is sanctioned and organized by the International Federation of PGA Tours and the prize
money is official money on both the PGA Tour and the European Tour.
 The 2016 WGC-Cadillac Championship was played on the TPC Blue Monster course at
Trump National Doral in Doral, Florida.
 The 2016 WGC-Cadillac Championship was the 17th WGC-Cadillac Championship
tournament and the first of the World Golf Championships events in 2016.
 Indian cricket team led by Mahendra Singh Dhoni won the Asia Cup for the record sixth
time. 2016 Asia Cup was played from 24 February to 6 March 2016.
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 Indian shooter Jitu Rai clinched the 50m pistol gold at the ISSF World Cup in Bangkok.
The gold medal winner scored 191.3 points in the final round.
 Rahul Sachdev won the 1st All India Open Invitational Snooker Championship 2016 in
Aurangabad, Maharashtra.
 World No 1 tennis player Novak Djokovic of Serbia won the Laureus Sportsman of the
Year Award, whereas US tennis player Serene Williams won the Sportswoman of the
Year Award.
List of top 5 finishers in 2016 Chinese Grand Prix
 Nico Rosberg, Mercedes
 Sebastian Vettel, Ferrari
 Daniil Kvyat, Red Bull
 Daniel Ricciardo, Red Bull
 Kimi Raikkonen, Ferrari
 World No. 1 women's doubles team of Sania Mirza and Martina Hingis on 15 May 2016
captured the Italian Open title. The pair defeated Elena Vesnina and Ekaterina Makarova 6-1,
6(5)-7, 10-3 in the final to clinch the title.The Italian Open women’s doubles title was the fifth
title for the Indo-Swiss pair after Sydney, Brisbane, Australian Open and St Petersburg.With the
win, Mirza and Hingis also captured their 14th women's doubles title together.
About Sania Mirza
 Sania Mirza is currently ranked No. 1 in the women's doubles rankings.
 From 2003 until her retirement from singles in 2013, she was ranked by the Women's
Tennis Association as India's No. 1 player, both in singles and doubles.
 Throughout her career, she has established herself as the most successful female Indian
tennis player ever.
About Martina Hingis
 Martina Hingis is a Swiss professional tennis player who is currently ranked world No. 1 in
doubles by the WTA.
 She spent a total of 209 weeks as the singles world No. 1.
 She has won five Grand Slam singles titles (three at the Australian Open, one at
Wimbledon, and one at the US Open), twelve Grand Slam women's doubles titles and four
Grand Slam mixed doubles titles.
 Coach of IPL franchise Kings XI Punjab Sanjay Bangar appointed India's head coach for tour to
Zimbabwe.
 Sunrisers Hyderabad has defeated Royal Challengers Bangalore (RCB) by 8 runs to clinch the
IPL title for the first time at the Chinnaswamy stadium in Bangalore.
 England captain Alastair Cook has become the youngest ever batsman to cross 10,000 runs in
Test cricket and also become the 12th man to join the elite 10,000-run club.
 Rwandan national captain Eric Dusingizimana, has set a new Guinness world record by batting
out a straight 51 hours, the longest individual net session.
14
 Former India captain Anil Kumble has been re-appointed ICC Cricket Committee chairman.
 International Cricket Council (ICC) has suspended Hong Kong allrounder Irfan Ahmed from
Cricket for 2.5 years.
 Badminton ace Nandu Natekar became the first non-Cricketer to be inducted into the Legends
Club founded by the late Cricket Club of India (CCI) president Raj Singh Dungarpur.
 International Cricket Council (ICC) suspended the Cricket Association of Nepal (CAN) in view
of Govt. interference in the board.
 New Zealand ace batsman Kane Williamson was confirmed as 29th test cricket captain of New
Zealand cricket Team.
 Tobago batsman Iraq Thomas created a record by scoring 21 ball century in the Tobago Cricket
Association’s T20 tournament at Louis D’or.
 The Mumbai under-23 team clinched the Col CK Nayudu Trophy by defeating Madhya Pradesh
at the Holkar Stadium, Indore.
 Indian cricket team led by Mahendra Singh Dhoni won the Asia Cup for the record sixth time.
 Rest of India defeated Mumbai to lift Irani Cup Cricket Title.
 Australia’s Shane Watson announced that he will retire from international cricket at the end of
the 2016 World Twenty20 Tournament.
 England and Nottinghamshire batsman James Taylor announced his retirement at the age of 26
due to ill health.
 Rangana Herath, the veteran Sri Lankan spinner, retired from T20 and One Day International
Cricket.
 The Pakistan Cricket Board appointed Inzamam-ul-Haq as the new chief selector of the team.
 The International Cricket Council (ICC) and Emirates Airline renewed their deal for an
additional seven years.
 Real Madrid defeated Atletico Madrid 5-3 in the penalty shoot-out to win their eleventh
Champions League title.
 FIFA acting Secretary General Markus Kattner was dismissed from his position with immediate
effect.
 Sevilla were crowned for the third straight year as the UEFA Europa League champions after
they defeated Liverpool.
 FIFA has appointed a UN diplomat, Fatma Samoura as its first ever female secretary-general.
 Leicester City have won the English Premier League title for the first time in the club's 132
years history.
 World No. 1 women's doubles team of Sania Mirza and Martina Hingis beat the Russian pair
Ekaterina Makarova and Elena Vesnina to claim the Italian open title 2016.
 Number one seed Novak Djokovic defeated Andy Murray to conquer the Mutua Madrid Open
title in Madrid, Spain.
 Victoria Azarenka of Belarusia and World No 1 Novak Djokovic of Serbia won women’s and
men’s singles titles of the 2016 Miami Open.
 Rafael Nadal defeated Frenchman Gael Monfils to grab the 2016 Monte Carlo Masters title.
 Rafael Nadal defeated two time defending champion Kei Nishikori of Japan to win the
Barcelona Open of tennis.
 Bob and Mike Bryan won the Barcelona Open doubles tennis title.
15
 French pair of Caroline Garcia and Kristina Mladenovic won women’s doubles final of the
Stuttgart Grand Prix tournament.
 Britain's Andy Murray has won his first Italian Open Men's Singles Tennis title.
 Former world number one Maria Sharapova announced that she failed a drug test at the
Australian Open and due to this, she was provisionally suspended from Tennis.
 The UN Development Programme (UNDP) suspended Maria Sharapova as a goodwill
ambassador.
 World No 1 Novak Djokovic of Serbia and Victoria Azarenka of Belarusia won men’s and
women’s singles titles of the BNP Paribas Open at the Indian Wells Tennis Garden in Southern
California.
 Australia defeated India in the final to win the 25th edition of the Sultan Azlan Shah Cup in
Ipoh, Malaysia.
 India’s Durga Thakur promoted as International Outdoor Umpire by the International Hockey
Federation (FIH).
 Indian Wrestlers Ravinder Khatri and Babita Kumari have secured spots at the upcoming Rio
Olympics.
 Indan Wrestlers Vinesh Phogat and Sakshi Malik earned 2016 Rio Olympics quota spots in
wrestling.
 Wrestler SANDeep Tomar secured an Olympic quota place for India in the men’s 57kg freestyle
category.
 India star wrestler Yogeshwar Dutt secured an Olympic quota place for India with a gold-medal
finish in the men's 65kg freestyle category in the Asian Olympic Qualification tournament in
Astana, Kazakhastan.
 Seven Indian Ace shuttlers have made the cut for the Rio Olympics.
 A three-member Indian women's archery team comprising Deepika Kumari,Bombayla Devi and
Laxmirani Majhi was named for the Rio Olympics.
 Indian boxer Shiva Thapa became the first Indian boxer to book a seat in the Rio Olympics.
 Indian artistic gymnast Dipa Karmakar created history by becoming the first Indian woman
gymnast to qualify for Olympics.
 Union Sports Ministry announced to provide one lakh Rs. per month as out of pocket allowance
to the sports persons under the Target Olympic Podium scheme.
 Japan’s Olympic organisers unveiled the new official logos of the 2020 Tokyo Olympic and
Paralympic Games. The emblems, designed by Asao Tokolo.
 South Korea announced that its Olympic athletes will wear uniforms that have been infused with
insect repellent to keep mosquitoes carrying the Zika virus at bay.
 Kento Momota of Japan won men’s singles title at the 2016 Yonex Sunrise India Open
badminton championship. Thailand’s Ratchanok Intanon won the women’s singles title by
defeating Xuerui Li of China.
 Kento Momota of Japan was axed from Japan’s badminton team for the 2016 Rio Olympics. He
was axed for gambling at an illegal casino.
 Lee Chong Wei won the men’s singles title at the Malaysia Open 2016 held in Shah Alam,
Malaysia.
16
 China’s Lin Dan earned his sixth All England badminton title. In the summit clash in
Birmingham, Dan defeated compatriot Tian Houwei.
 India’s fourth highest ranked men’s badminton player HS Prannoy won the men’s singles title at
the 2016 Swiss Open in Basel, Switzerland.
 Indian Star archer Deepika Kumari equalled the world record in the woman's recurve event at
the Archery World Cup in Shanghai.
 Indian boxer Sonia Lather won a silver medal at the AIBA Women's World Championships in
57 kg category.
 Indian boxing star Vijender Singh registered his sixth straight professional boxing victory with a
Technical Knockout over Poland's andrzej Soldra.
 Anthony Joshua won the International Boxing Federation heavyweight title 2016.
 NBA superstar Stephen Curry was named the National Basketball Association's (NBA) Most
Valuable Player for the second straight year.
 Pakistan has won the third edition of the Asian Kabaddi Championship 2016 (Circle Style) by
defeating India.
 Australian golfer Adam Scott won the 2016 WGC-Cadillac Championship at Doral, Florida,
U.S.
 Shiv Shankar Prasad Chawrasia won the Hero Indian Open title of golf played at the Golf
Course in New Delhi.
 The Union Govt. has merged Rajiv Gandhi Khel Abhiyan (RGKA), launched by the UPA Govt.,
with the Khelo India programme for development of sports.
 Mairaj Ahmed Khan won silver medal for India in the men’s skeet event at ISSF World Cup in
Rio de Janeiro.
 India has been allotted the Commonwealth Judo Championships 2018.
 Car racer Armaan Ebrahim awarded the Motorsports Man-of-the-Year Trophy by the Federation
of Motor Sports Clubs of India.
 Indian shooter Jitu Rai clinched the 50m pistol gold at the ISSF World Cup in Bangkok.
 Patna Pirates defeated U Mumba to win 2016 Pro Kabaddi League title.
 Russian Grandmaster Sergey Karjakin won the FIDE World Chess Candidates Tournament held
in Moscow.
 Indian wrestler Hardeep Singh won silver medal in the Asian Olympic Qualification
Tournament held in Astana, Kazakhstan.
Science and Technology
 Recently, Union cabinet approved an MoU between ISRO and United Arab Emirates Space
Agency.
 According to the latest U.N. report, air pollution level across the globe increased by 8%.
 Australia has built the World's first Scanning Helium Microscope (SHeM).
 RLV-TD is the India's first & indigenously developed space shuttle .
 Mukund Venkatakrishnan has invented a low-cost hearing aid recently.
 China has launched a bullet-shaped retrievable scientific research satellite recently.
17
 ISRO organisation is planning to launch a record number of 22 satellites in a single mission
recently.
 ESA & Roscosmos space agency launched ExoMars 2016 spacecraft successfully.
 Ashwani Kumar is the chairman of parliamentary Standing Committee on Science &
Technology, Environment & Forests.
 As per India's first Biennial Update Report submitted to UNFCCC, 2137 million tonnes of the
carbon dioxide has been emitted by India.
 ONGC Videsh Limited has signed an MoU with the Republic of Equatorial Guinea to
cooperate in the hydrocarbon sector.
 MIC Electronics company has signed an agreement with LG Innotek to jointly develop highly
energy efficient LED lighting products.
 Ministry of Environment, Forest & Climate Change has notified the revised standards for
Common Effluent Treatment Plants.
 IIT Kanpur institute has entered into an agreement with Keonics to establish a cyber security
centre in Bengaluru.
 GMR Hyderabad International Airport has commissioned a 5 MW solar power plant recently.
 BHEL company has commissioned a 520-MW coal-based thermal power unit in Andhra
Pradesh recently.
 ISRO Scientists made world’s lightest material ‘Silica Aerogel’ to keep soldiers warm in
Siachen. It is called ‘silica aerogel’ or ‘blue air’ or ‘frozen smoke’.
 ISRO launched India’s seventh navigation satellite of the Indian Regional Navigation Satellite
System (IRNSS 1G) into a Sub Geosynchronous Transfer Orbit (SubGTO) onboard PSLVC33.
 The ISRO launched the country’s sixth Indian Regional Navigational Satellite System (IRNSS)1F, on board the trusted launch vehicle PSLV C-32.
 ISRO is set to launch a record number of 22 satellites in a single mission. Polar Satellite Launch
Vehicle, PSLV C34 will carry India’s remote sensing satellite Cartosat 2C.
 NASA successfully launched a super pressure balloon to conduct near-space scientific
investigations. It was launched from South Island Wanaka Airport, New Zealand.
 NASA unveiled the first global digital elevation (topographic model) of Mercury.
 NASA astronaut Scott Kelly will write a memoir titled Endurance: My Year in Space and Our
Journey to Mars.
 The world’s first artificial intelligence lawyer has been employed by a law firm in the US. The
robot called ‘ROSS’ is built upon Watson, IBM’s cognitive computer.
 United states (US) based, SpaceX has successfully launched Japanese JCSAT-14
communication satellite into space.
 Australian researchers built world’s first scanning helium microscope helium microscope
(SHeM).
 China has successfully launched a remote sensing satellite Yaogan-30 into sun-synchronous
orbit (SSO) using the Long March-2D rocket.
 China launched its 22nd satellite for its BeiDou Navigation Satellite System (BDS).
 All new mobiles to have panic button from 2017.
18
 Sikkim Governor Shrinvas Patil formally unveiled Supercomputer named ‘Param
Kanchenjunga’ at the National Institute of Technology (NIT) Sikkim. It is named after
Kangchenjunga Mountain (8586 m), the third highest mountain in the world.
Obituaries / Persons Died
 Morley Safer − Journalist
 Chennamaneni Rajeswara Rao − Former
MLA
 Romesh Sharma − Former Minister
 Guy Hamilton − Director
 C Silvera − Former Union Minister
 Lal Muni Chaubey −Former MP
 Garry Shandling − US actor
 Lloyd S. Shapley −A Nobel laureate
for... Economics
 Ray Tomlinson − An inventor of...
Email
 Cricketer Martin Crowe − Former
captain of ... New Zealand
 George Kennedy − US Actor
 B K Garudachar − Former Cricketer
 Akbar Kakkattil − Malayalam Writer
 Aurobindo Mukherjee − Film Director
 Kalpana Ranjani − Malayalam Actress
 Ravindra Reddy − Founder of MTAR
 FGlenn Frey − Guitarist
 V Rama Rao − Former governor of
Sikkim
 David Bowie − Singer
 Ravindra Kalia − Former director of
Bharatiya Jnanpith and (Hindi writer and
journalist)
 Mufti Mohammad Sayeed − Chief
Minister of Jammu & Kashmir
 Mangesh Keshav Padgaonkar − A
Notable Marathi Poet
 Haskell Wexler − A cinematographer
 Sharad Joshi − Agro-Economist
 S K Bhattacharya − A Former FIFA
referee
 Dr. Satya Paul Agarwal − Secretary
General, Indian Red Cross Society
 Shankaran Nair − Former RAW Head
 Pithukuli Murugadas − A Devotional
Singer
 Saeed Jaffrey − Veteran Actor
 Bimal Prasad − India's former
Ambassador to Nepal
 V N Mishra − An Archaeologists
 Al Molinaro − An American Actor
 Pijush Ganguly − Bengali Actor
 K.S.L Swamy − Film Maker
 AS Lakshaman − Founder of .... BCIC
 Manorama − South Indian Actress
 Ravindra Jain − A Music Director
 Lindsay Kline − Cricketer
 Syed Ahmad − Former governor fo
Manipur
 Gangadhar Darbha − RBI Advisor
 T S Papola − Former Advisor of
Planning Commission
Important Days
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World Meteorological Day − 23 March
World Cancer Day −7 November
Human Rights Day − 10 December
Navy Day − 4 December
Pravasi Bharatiya Divas − 9 January
National Youth Day − 12 January
International day for the abolition of
slavery − 2 December
Rashtriya Ekta Diwas − 31 October
Indian Constitution Day − 26
November
Worlds Polio day − 24 October
Indian Air Force Day celebrated − 8
October
World Egg Day − 9th October
World Blood Donor Day − 14 June
World's Environment Day − 5 June
World No Tobacco Day − 31 May
International Day for Biological Diversity
(IBD) − 22 May
India National Technology Day
– 11 May
World Red Cross Day − 8 May
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World Press freedom Day − 3 May
International Day of Yoga − 21 June
World Dance Day − 29 April
World Malaria Day − 25 April
National Panchayati Raj Diwas – 24
April
World Hemophilia Day − 17 April
World Heritage Day − 18 April
National Safe Motherhood Day − 11
April
World Health Day − 7 April
Rajasthan Diwas − 30 March
Earth Hour Day − 28 March
World Tuberculosis Day − 24 March
World Water Day − 22 March
World Sparrow Day − 20 March
World Tourism Day − 27 September
World Radio Day −13 February
International Youth Day − 12 August
World Blood Donor Day − 14 June
International Labour Day − 1 May
Country and Currency
African Countries
Name
Algeria
Angola
Egypt
Ethiopia
Gambia
Ghana
Kenya
Liberia
Libya
Madagasc
ar
Mali
Mauritius
Morocco
Mozambi
que
Namibia
Nigeria
Rwanda
Capital
Algiers
Luanda
Cairo
Addis Ababa
Banjul
Accra
Nairobi
Monrovia
Tripoli
Antananarivo
Currency
Dinar
Kwanza
Egyptian pound
Birr
Gambian dalasi
Ghana cedi
Kenyan shilling
Liberian dollar
Dinar
Malagasy ariary
Bamako
Port Louis
Rabat
CFA franc
Mauritian rupee
Moroccan
dirham
Mozambican
metical
Namibian dollar
Naira
Rwandan franc
Maputo
Windhoek
Abuja
Kigali
Seychelle
s
Sierra
Leone
Somalia
South
Africa
South
Sudan
Sudan
Tanzania
Victoria
Tunisia
Uganda
Tunis
Kampala
Zambia
Lusaka
Zimbabw
e
Harare
Freetown
Mogadishu
Cape Town
Juba
Khartoum
Dodoma
Seychellois
rupee
Leone
Somali shilling
South African
rand
South Sudanese
pound
Sudanese pound
Tanzanian
shilling
Tunisian dinar
Ugandan
shilling
Zambian
kwacha
US dollar
Asian Countries
Name
Afghanista
n
Bahrain
Bangladesh
Bhutan
Capital
Kabul
Currency
Afghani
Manama
Dhaka
Thimphu
Cambodia
Phnom
Penh
Beijing
Jakarta
Tehran
Baghdad
Jerusalem
Tokyo
Astana
Bishkek
Vientiane
Beirut
Kuala
Lumpur
Malé
Ulaanbaatar
Naypyidaw
Kathmandu
Pyongyang
Bahraini dinar
Taka
Bhutanese
ngultrum
Riel
China
Indonesia
Iran
Iraq
Israel
Japan
Kazakhstan
Kyrgyzstan
Laos
Lebanon
Malaysia
Maldives
Mongolia
Myanmar
Nepal
North
Korea
Oman
Muscat
Renminbi (yuan)
Rupiah
Rial
Iraqi dinar
New Shekel
Yen
Tenge
Som
Kip
Lebanese pound
Ringgit
Maldivian rufiyaa
Tögrög
Kyat
Nepalese rupee
North
Korean
won
Rial
20
Pakistan
Philippines
Qatar
Saudi
Arabia
South
Korea
Taiwan
Islamabad
Manila
Doha
Riyadh
Pakistani Rupee
Philippine Peso
Riyal
Saudi riyal
Seoul
Tajikistan
Thailand
Turkey
Turkmenist
an
UAE
(United
Arab
Emirates)
Uzbekistan
Dushanbe
Bangkok
Ankara
Ashgabat
South
Korean
won
New
Taiwan
dollar
Somoni
Baht
Turkish lira
Turkmen
new
manat
UAE dirham
Taipei
Abu Dhabi
Norway
Oslo
Poland
Portugal
Romania
Russia
Serbia
Slovakia
Spain
Sweden
Switzerland
Ukraine
Warsaw
Lisbon
Bucharest
Moscow
Belgrade
Bratislava
Madrid
Stockholm
Bern
Kiev
United
Kingdom
Vatican City
London
Vatican City
Norwegian
krone
Złoty
Euro
Romanian leu
Russian ruble
Serbian dinar
Euro
Euro
Swedish krona
Swiss franc
Ukrainian
hryvnia
Pound sterling
Euro
North American Countries
Tashkent
Uzbekistan som
European Countries
Name
Albania
Austria
Belarus
Capital
Tirana
Vienna
Minsk
Belgium
Bulgaria
Croatia
Czech
Republic
Denmark
Brussels
Sofia
Zagreb
Prague
Finland
France
Germany
Greece
Hungary
Iceland
Helsinki
Paris
Berlin
Athens
Budapest
Reykjavík
Ireland
Italy
Latvia
Lithuania
Luxembourg
Malta
Monaco
Netherlands
Dublin
Rome
Riga
Vilnius
Luxembourg
Valletta
Monaco
Amsterdam
Copenhagen
Currency
Lek
Euro
Belarusian
ruble
Euro
Lev
Kuna
Czech koruna
Danish
krone[a]
Euro
CFP franc
Euro
Euro
Forint
Icelandic
króna
Euro
Euro
Euro
Euro
Euro
Euro
Euro
Euro
Name
Bahamas
Barbados
Bermuda
Canada
Cuba
Jamaica
Mexico
Nicaragua
Panama
United
States
Capital
Nassau
Bridgetown
Hamilton
Ottawa
Havana
Kingston
Mexico
City
Managua
Panama
City
Washington
, D.C.
Currency
Bahamian Dollar
Barbadian Dollar
Bermudian Dollar
Canadian Dollar
Cuban peso
Jamaican Dollar
Mexican peso
Nicaraguan
cordoba
Panamanian
balboa
United
States
Dollar
South American Countries
Name
Argentina
Bolivia
Brazil
Chile
Colombia
Ecuador
Paraguay
Peru
Uruguay
Venezuela
Capital
Buenos
Aires
Sucre
Brasília
Santiago
Bogotá
Quito
Asunción
Lima
Montevideo
Caracas
Currency
Peso
Boliviano
Real
Peso
Peso
US dollar
Guaraní
Nuevo sol
Uruguayan peso
Bolívar fuerte
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Stadiums in India
Other Countries
Name
Australia
Fiji
New
Zealand
Capital
Canberra
Suva
Wellingto
n
Currency
Australian dollar
Fijian dollar
New
Zealand Dollar
Important Indian Towns on
Rivers
Allahabad
Patna
Varanasi
Kanpur
Haridwar
Badrinath
Agra
Delhi
Mathura
Ferozpur
Ludhiana
Srinagar
Lucknow
Jaunpur
Ayodhya
Bareilly
Ahmedabad
Kota
Jabalpur
Panji
Ujjain
Surat
Jamshedpur
Dibrugarh
Guwahati
Kolkata
Sambalpur
Cuttack
Srirangapatna
Hyderabad
Nasik
Vijayvada
Kurnool
Tiruchirapalli
At the confluence of the
Ganga and Yamuna
Ganga
Ganga
Ganga
Ganga
Alaknanda
Yamuna
Yamuna
Yamuna
Satluj
Satluj
Jhelum
Gomti
Gomti
Saryu
Ram Ganga
Sabarmati
Chambal
Narmada
Mandavi
Shipra
Tapti
Subarnarekha
Brahmaputra
Brahmaputra
Hooghly
Mahanadi
Mahanadi
Cauvery
Musi
Godavari
Krishna
Tungabhadra
Cauvery
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Barabati Stadium - Cuttack
Barkatullah Khan Stadium -Jodhpur
Brabourne Stadium -Mumbai
Eden Gardens -Kolkata
Feroz Shah Kotla -Delhi
Gandhi Stadium -Jalandhar
Green Park -Kanpur
Indira Gandhi Stadium -Vijayawada
Rajiv Gandhi Port Silver Jubilee
Stadium -Visakhapatnam
Jawaharlal Nehru Stadium -New Delhi
Lal Bahadur Shastri Stadium Hyderabad
M.Chinnaswamy Stadium -Bangalore
MA Chidambaram Stadium -Chennai
Madhavrao Scindia Cricket Ground Rajkot
Moin-ul-Haq Stadium -Patna
Sardar Vallabhai Patel Motera Stadium
-Ahmedabad
Sawai Mansingh Stadium -Jaipur
Vidarbha CA Ground -Nagpur
Wankhede Stadium –Mumbai
Jawaharlal
Nehru
Stadium:
Kochi(Kerala)
Dr. Bhupen Hazarika Cricket Stadium:
Guwahati(Assam)
Dhyan Chand National Stadium: Delhi
Stadiums in the World
Stadiums in Australia
 Adelaide Oval- Adelaide
 Bundaberg Rum Stadium- Cairns
 Telstra Dome- Melbourne
 Manuka Oval- Canberra
 Marrara Cricket Ground- Darwin
 Melbourne Cricket Ground- Melbourne
 Sydney Cricket Ground- Sydney
 W.A.C.A. Ground- Perth
Stadiums in Bangladesh
 Bangabandhu
National
StadiumDhaka
 Chittagong Stadium- Chittagong
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Stadiums in England
 Edgbaston- Birmingham
 Headingley- Leeds
 Lord's- London
 Old Trafford- Manchester
 Sophia Gardens- Cardiff
 St Lawrence Ground- Canterbury
 The Brit Oval- London
 Trent Bridge- Nottingham
Stadiums in West Indies
 Sabina Park Kingston-Jamaica
 Antigua Recreation Ground St John'sAntigua
 Guyana Cricket Stadium GeorgetownGuyana
 Kensington
Oval
BridgetownBarbados
 Mindoo Phillip Park Castries-St Lucia
 Albion Sports Complex BerbiceGuyana
Stadiums in Zimbabwe
 Bulawayo Athletic Club-Bulawayo
 Harare Sports Club-Harare
 Kwekwe Sports Club-Kwekwe
 Queens Sports Club-Bulawayo
Stadiums in United Arab Emirates
 Sheikh Zayed Stadium-Abu Dhabi
 Sharjah Cricket Stadium-Sharjah
Stadiums in New Zealand
 Basin Reserve-Wellington
 Eden Park-Auckland
 Jade Stadium-Christchurch
 John Davies Oval-Queenstown
 McLean Park-Napier
Stadiums in Pakistan
 Arbab Niaz Stadium-Peshawar
 Ayub National Stadium-Quetta
 Gaddafi Stadium-Lahore
Stadiums in South Africa
 Kingsmead-Durban
 New Wanderers Stadium-Johannesburg
 Newlands-Cape Town
 St George's Park-Port Elizabeth
 Centurion Super Sport Park-Pretoria
Stadium in Sri Lanka
 Colombo Cricket Club GroundColombo
 Galle International Stadium-Galle
 P.Saravanamuttu Stadium-Colombo
 R.Premadasa Stadium-Colombo
 Sinhalese Sports Club GroundColombo
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Capital,CM & Governor of States
State
Capital
Chief Minister
Governor
Amravathi
Itanagar
N. Chandrababu Naidu
Kalikho Pul
E. S. L. Narasimhan
Jyoti Prasad Rajkhowa
Sarbananda Sonowal
Nitish Kumar
Raman Singh
Arvind Kejriwal
Laxmikant Parsekar
Anandiben Patel
Manohar Lal Khattar
Virbhadra Singh
Padmanabha Acharya
Ram Nath Kovind
Balram Das Tandon
Najeeb Jung
Mridula Sinha
Om Prakash Kohli
Kaptan Singh Solanki
Acharya Dev Vrat
Jharkhand
Karnataka
Kerala
Madhya Pradesh
Maharashtra
Manipur
Meghalaya
Mizoram
Nagaland
Odisha
Puducherry
Punjab
Rajasthan
Sikkim
Dispur
Patna
Raipur
New Delhi
Panaji
Gandhinagar
Chandigarh
Shimla
Srinagar(Summer)
Jammu (Winter)
Ranchi
Bangalore
Thiruvananthapuram
Bhopal
Mumbai
Imphal
Shillong
Aizawl
Kohima
Bhubaneshwar
Puducherry
Chandigarh
Jaipur
Gangtok
Narinder Nath Vohra
Draupadi Murmu
Vajubhai Vala
P. Sathasivam
Ram Naresh Yadav
C. Vidyasagar Rao
V. Shanmuganthan
V. Shanmuganthan
Nirbhay Sharma
Padmanabha Acharya
S. C. Jamir
Kiran Bedi
Kaptan Singh Solanki
Kalyan Singh
Shriniwas Dadasaheb Patil
Tamil Nadu
Telangana
Tripura
Uttar Pradesh
Uttarakhand
West Bengal
Chennai
Hyderabad
Agartala
Lucknow
Dehradun
Kolkata
Mehbooba Mufti
Raghuvar Das
Siddaramaiah
Pinarayi Vijayan
Shivraj Singh Chouhan
Devendra Fadnavis
Okram Ibobi Singh
Mukul Sangma
Lal Thanhawla
T. R. Zeliang
Naveen Patnaik
N. Rangaswamy
Parkash Singh Badal
Vasundhara Raje
Pawan Kumar
Chamling
Jayalalithaa
K. Chandrashekar Rao
Manik Sarkar
Akhilesh Yadav
Harish Rawat
Mamata Banerjee
Andhra Pradesh
Arunachal
Pradesh
Assam
Bihar
Chhattisgarh
Delhi
Goa
Gujarat
Haryana
Himachal Pradesh
J&K
K. Rosaiah
E. S. L. Narasimhan
Tathagata Roy
Ram Naik
Krishan Kant Paul
Keshari Nath Tripathi
Important Dams in India
Dam
Tehri Dam
Lakhwar Dam
River
State
Bhagirathi
Yamuna
Uttarakhand
Uttarakhand
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Idukki (Eb)/Idukki Arch Dam
Bhakra Dam
Pakal Dul Dam
Sardar Sarover Gujarat Dam
Srisailam (N.S.R.S.P) Dam
Ranjit Sagar Dam
Baglihar Dam
Pong Dam
Nagarjuna Sagar Dam
Salal (Rockfill and Concrete ) Dam
Supa Dam
Koteshwar Dam
Rihand Dam
Indira Sagar (NHDC) Dam
Pillur Dam
Madupetty (Eb) Dam
Parbati II Dam
Chakra Dam
Ukai Dam
Periyar
Satluj
Marusudar
Narmada
Krishna
Ravi
Chenab
Beas
Krishna
Chenab
Kali Nadi
Bhagirathi
Rihand
Narmada
Bhavani
Palar
Parbati
Chakra
Tapi
Kerala
Himachal Pradesh
J&K
Gujarat
Telangana
Punjab
J&K
Himachal Pradesh
Telangana
J&K
Karnataka
Uttarakhand
Uttar Pradesh
Madhya Pradesh
Tamil Nadu
Kerala
Himachal Pradesh
Karnataka
Gujarat
Thermal Power Plants (TPS) In India
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Mundra TPS, Kutch, Gujarat
Vindhyachal TPS, Singrauli, Madhya Pradesh
Talcher Super TPS, Angul, Odisha
Sipat TPS, Bilaspur , Chhattisgarh
Korba Super TPS, Chattisgarh
Rihand TPS, Sonebhadra, Uttar Pradesh
Jharsuguda TPS, Odisha
Tiroda TPS, Maharashtra
Anpara TPS – Uttar Pradesh
Barauni TPP – Bihar
Bellary TPP – Karnataka
Durgapur TPP – West Bengal
Sikka TPS – Gujarat
Satpura TPS – Madhya Pradesh
Singrauli Super Thermal Power Station – UP
Wanakbori TPS – Gujarat
Nuclear Power Plants in India
 Narora atomic power plant - Narora, UP
 Rajasthan atomic power plant: Rawatbhatta, Rajasthan (India & Candada)
 Tarapur atomic power plant – Maharashtra (India & US)
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Kakarpar atomic power plant - Gujarat
Madras atomic power plant - Tamilnadu
Kaiga atomic power plant - Karnataka
Kundankullam : in Tirunelveli district, Tamil Nadu (India & Russia)
Jaitapur Nuclear Power Plant - Ratnagiri district in Maharashtra (India & France)
Folk Dances in India
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Changu:
Gair:
Garba, Dandiya Rass:
Ghoomar:
Karagam:
Lavani:
Odissi:
Rauf:
Nautanki, Thora, Chappeli, Raslila, Kajri -
Odissa and Andhra Pradesh
Rajasthan.
Gujarat
Rajasthan.
Tamil Nadu.
Maharashtra
Orissa
Jammu & Kashmir
UP
Classical Dances in India
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Kathak:
Bihu:
Bharat Natyam:
Kuchipudi:
Kathakali:
Chhau:
Bhangra:
Khantumm:
Uttar Pradesh.
Assam
Tamil Nadu
Andhra Pradesh.
Kerala.
Orissa, Bihar and West Bengal
Punjab.
Mizoram
Lines B/W Different Countries in the World
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Durand Line: Pakistan and Afghanistan
Mc. Mohan Line: India(Arunachal Pradesh Region) and China
Radcliff Line: India and Pakistan
Line of Control :It divides Kashmir between India and Pakistan.
Hidden berg Line: Germany and Poland
Maginot Line: France and Germany
Older Neisse Line: Germany and Poland
Mannerheim Line :Russia and Finland border.
Siegfried Line : Germany and France.
17th Parallel: North Vietnam and South Vietnam
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 24th Parallel : India and Pakistan.
 26th Parallel : Australia & South Africa
 38th Parallel: North Korea and South Korea
 49th Parallel: Canada and USA
Some Food Festivals around the World
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Ivrea Orange Festival – Ivrea, Italy (held in February)
Alba White Truffle Festival – Alba, Italy
Maslenitsa Festival (Pancake Festival) – Moscow, Russia (held in February or March)
Melbourne Food & Wine Festival – Melbourne, Australia (held in February–March)
International Mango Festival – New Delhi, India (held in July)
Maine Lobster Festival – Harbor Park, Rockland, Maine, USA (held in July–August)
San Francisco Street Food Festival – San Francisco, USA (held in August)
Mistura Food Festival – Lima, Peru (held in September)
Oktoberfest – Munich, Germany (held in October)
Baltic Herring Festival – Helsinki, Finland (held in October)
Chinchilla Melon Festival(Watermelon) – Australia
Monkey Buffet Festival – Lopburi Province, Thailand (held in November)
Chocolate Festival – London, UK (held in December)
Onion Eating Festival – Spain
Orange Festival – Poland
Pancake Festival – Moscow, Russia
Potato Festival – Sweden
Tomato Festival – Spain
Vegetarian Festival – Thailand
Headquarters of Nationalised Banks
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Allahabad Bank-Kolkata
Bank of India -Mumbai
Bank of Maharashtra -Pune
Canara Bank -Bangalore
Central Bank of India -Mumbai
Corporation Bank -Mangalore
Dena Bank -Mumbai
Indian Bank- Chennai
Indian Overseas Bank- Chennai
Oriental Bank of Commerce- New Delhi
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Punjab National Bank- New Delhi
Punjab and Sind Bank- New Delhi
State Bank of India- Mumbai
Syndicate Bank- Manipal
UCO Bank - Kolkata
Union Bank of India- Mumbai
United Bank of India- Kolkata
Vijaya Bank- Bangalore
Andhra Bank- Hyderabad
Bank of Baroda- Vadodara
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Bank’s Taglines
 State Bank of India (Group) tagline :- Pure banking nothing else; With you all the way; The
Nation banks on us: A Bank to the common man; A banker to every Indian.
 IDBI Bank tagline :- Banking for All; Aao Sochein Bada.
 Bank of Baroda Slogan :— India’s international bank.
 United Bank of India :- The Bank that begins with U.
 Punjab National Bank tagline :- A Name you can Bank Upon
 Allahabad Bank tagline :- A tradition of trust.
 Yes Bank tagline:- Experience our expertise.
 Axis Bank tagline :-Badhti ka nam zindagi.
 Citi Bank tagline :- Let’s get it done.
 Standard Chartered Bank Slogan - Your Right Partner.
 Andhra Bank tagline :- Where India Banks
 Bank of India Slogan :- Relationships beyond banking.
 Bank of Maharashtra :- One family one bank.
 Canara Bank Slogan :- Together We Can ; It’s easy to change for those who you love
 Central Bank of India Slogan :- Build A Better Life Around Us; Central to you since 1911.
 Corporation Bank tagline:- Prosperity for All.
 Dena Bank tagline :- Trusted Family Bank.
 Andhra Bank tagline:- Much more to do; With You in focus.
 Allahabad Bank tagline :- A tradition of trust
 DBS Bank tagline :- Living, Breathing Asia
 American Express Bank Slogan :- Do more
 Indian Bank tagline :- Your tech friendly bank.
 HSBC Bank tagline - The World’s local bank.
 HDFC Bank tagline:- We UnderStand Your World.
 Indian Bank tagline :- Taking Banking Technology to Common Man; Your Tech-friendly bank.
 Royal Bank of Scotland :- Make it happen.
 JPMorgan Chase Bank slogan :- The right relationship is everything
 Indian Overseas Bank tagline :- Good people to grow with.
 ICICI Bank tagline :- Khayaal Apka; Hum hai na.
 Federal Bank tagline :- Your Perfect Banking Partner.
 Oriental Bank of Commerce (OBC) :- Where every individual is committed.
 Syndicate Bank tagline :- Your faithful and friendly financial partner
 UCO Bank tagline :- Honours Your Trust.
 Bhartiya Mahila Bank tagline :- Empowering Women.
 BNP Paribas tagline :- The bank for a changing world.
 Barclays Bank :- Fluent in finance.
 South Indian Bank :- Experience Next Generation Banking
 Union Bank of India tagline :- Good People to Bank with.
 The Economic Times :- Knowledge is Power
 Deutsche Bank - A passion to perform
 Vijaya Bank tagline:- A Friend You can Bank Upon.
 J and K Bank tagline:- Serving to Empower.
 Karur Vysya Bank :- Smart way to Bank.
 Punjab and Sindh Bank Slogan :- Where series is a way of life
 Scotia Bank :- You’re richer than you think.
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Syndicate Bank tagline :- Your Faithful and Friendly Financial Partner
Lakshmi Vilas Bank :- The Changing Face of Prosperity.
Induslnd Bank tagline - We Care... Dil Se; We Make You Feel Richer.
SBI Associate Banks Taglines, Slogans, Punchlines.
State Bank of Mysore tagline :- Working for a better tomorrow.
State Bank of Patiala :- Blending Modernity with Tradition.
State Bank of Travancore :- A Long Tradition of Trust.
State Bank of Hyderabad :- You can always bank on us.
Dhanalakshmi Bank :- Tann. Mann. Dhan.
Centurion Bank of Punjab :- To rejoice working, join us
City Union Bank :- Trust and Excellence since 1904
Catholic Syrian Bank :- Support All the way.
ING Vysya Bank :- Jiyo easy
Karnataka Bank:- Your family bank across India
Kotak Mahindra Bank :- Lets make money simple
Nainital Bank :- Banking with personal touch
Saraswat Bank:- Service to the Common Man
Bank of Ceylon:- BOC-the Bank you can trust
BNP Paribas Bank:- The bank for a changing world
China Trust Commercial Bank:- We Are Family
JPMorgan Chase Bank:- The right relationship is everything
ABN-AMRO Bank :- Making More Possible
Abu Dhabi Commercial Bank:- Our Vision. Your Future.
Some Importants Points For SBI Clerk Exam
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First bank established in India: Bank of Hindustan in 1770
First India bank started solely with Indian capital investment is PNB (Punjab National Bank)
Founder of Punjab National Bank is Lala Lajpat Rai
Reserve Bank of India RBI) was established in 1935 and Nationalized in 1949.
First governor of RBI: Mr.Osborne Smith
First Indian Governor of RBI: Mr. C D Deshmukh
First bank to introduce savings account in India: Presidency Bank in 1833
First bank to introduce cheque system in India: Bengal Bank in 1833
First bank to introduce internet banking: ICICI bank
29
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First bank to introduce mutual fund: State Bank of India
First bank to introduce credit card in India: Central Bank of India
Open market operations are carried out by – RBI
Capital market regulator is – SEBI
Largest Commercial bank in India – State Bank of India
The International Bank for Reconstruction and Development (IBRD) is known as – World Bank
India’s First Financial Archive has been set up at – Kolkata
CRR, SLR, Repo Rate, Reverse Repo rate are decide by RBI
Savings banks interest rates, fixed deposit interest rates, Loan Rates etc. are decided by individual
banks
The bank which has launched Mobile Bank Accounts in association with Vodafone’s m –paisa –
HDFC Bank
Largest Public sector bank in India – SBI
Largest Private sector bank in India – ICICI Bank
Largest Foreign bank in India – Standard Chartered Bank
First Indian bank to open branch outside India i.e. London in 1946: Bank of India
First RRB named Prathama Grameen Bank was started by: Syndicate Bank
First Bank to introduce ATM in India: HSBC in1987, Mumbai
Bank of Baroda has the maximum number of overseas branches
FDI limit for new banks – 49%
FDI limit for private banks: 74%
Bank of India is the first Indian Bank to open overseas branch. It established a branch in London in
1946.
ICICI Bank was the first Bank to provide Mobile ATM.
SBI State Bank of India has the total number of maximum branches and holds 2nd position in the
world.
India's first "talking" Automated Teller Machine ATM) launched by Union Bank of India UBI) for
visually impaired was launched in Ahmedabad Gujarat).
Important Banking Concepts
 Balance of Trade - The value of a country’s exports minus the value of its imports. Unless
specified as the balance of merchandise trade, it normally incorporates trade in services,
including earnings (interest, dividends, etc.) on financial assets.
 Balance of Payments - A list of all of a country’s international transactions for a given time
period, usually one year. Payments into the country (receipts) are entered as positive numbers,
called credits; Payments out of the country (payments) are entered as negative numbers called
debits. A single numbers summarize all of a country’s international transactions: the balance of
payments surplus.
 NOSTRO Account - A Nostro account is maintained by an Indian Bank in the foreign
countries.
 VOSTRO Account- A Vostro account is maintained by a foreign bank in India with their
corresponding bank.
30
 LIBOR: London InterBank Offered Rate. An interest rate at which banks can borrow funds, in
marketable size, from other banks in the London interbank market.
 STRIPS: Separate Trading for Registered Interest and Principal Securities.
 CASA: CASA Stands for Current Account Savings Account. The CASA ratio shows how much
deposit a bank has in the form of current and saving account deposits in the total deposit. A
higher CASA ratio means better operating efficiency of the bank
Note: The CORE word in CBS Stands for Centralized Online Realtime Exchange.
 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. A general crossing means that cheque can be
paid through any bank and a special crossing means where the name of the Bank is indicated on
the cheque can be paid only through the named bank.
 Dishonour of Cheque: Non – payment of cheque by the paying banker with a return memo
giving reasons for the non –payment.
 CTS (CHEQUE TRUNCATION SYSTEM) CTS is basically an online image-based cheque
clearing system where 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 a drawer to the drawee branch.
 Fiscal Deficit: A deficit in the government budget of a country and represents the excess of
expenditure over income. So this is the amount of borrowed funds require by the government to
meet its expenditures completely.
 Core Banking Solution (CBS) :-Core Banking Solution (CBS) is networking of branches,
which enables Customers to operate their accounts, and avail banking services from any branch
of the Bank on CBS network, regardless of where he maintains his account.
 Non Performing Assets (NPA): An asset, including a leased asset, becomes non performing
when it ceases to generate income for the bank.The Duration of NPA declaration is of 90 days.
 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 (for future use) i.e. 0 Last 6 Characters
display the Branch Identity. i.e. 004187 So IFSC Code is SBIN004187
 MICR:MICR code means Magnetic Ink Character Recognition code which contains 9 digits,
like 380002006 appearing 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
 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 and Paying
Agent)for issuance of CP.
 Treasury Bills: Treasury bills (T-bills) offer short term investment opportunities. They are
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 of Rs. 25,000. Treasury bills are issued at a discount and are
redeemed at par.
 Certificates of Deposit (CD): Certificate of Deposit (CD) is a negotiable money market
instrument and issued in dematerialised form or as a Usance Promissory Note against funds
31
deposited at a bank or other eligible financial institution 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 beRs.1 lakh, and in multiples of Rs. 1 lakh thereafter.
The maturity period of CDs issued by banks should not be less than 7 days and not more than
one year, from the date of issue.
 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 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.
Bounce: Meaning: when a check cannot be paid or accepted by a bank because of a lack of
money in the account:
Example: I had to pay a penalty fee when my check bounced.
 Debit: Meaning: (a record of) money taken out of a bank account.
The account was in debit at the end of the month (= more money had been spent than was in the
account at that time).
 Debt: Meaning: money, which is owed to someone else, or the state of owing something:
Example: He managed to pay off his debts in two years.
 Payee: Meaning: a person who money is paid to or should be paid to.
 Cheque: Cheque is a negotiable instrument containing conditional order to pay sum of money
to the person mentioned on it or to the bearer of the instrument.
 Crossing: Two parallel lines drawn on the top left corner of the cheque
 Account Payee Cheque: Account payee cheque can be routed only through accounts
 Post dated Cheque: The date on the check beyond today’s date then cheque becomes post
dated.
 Stale Cheque: A cheque which has completed the stipulated validity period of the cheque is
called as the stale cheque (The validity period of 6 months as at present)
 Mutilated cheque: It is a damaged cheque
 Bounced Cheque: It is nothing but an ordinary bank check that any bank can refuse to encash
or pay because of the fact that there is no sufficient balance in the bank account of the
originator.
 At Par cheque: It is payable anywhere in India
32
 Multi city cheque: A cheque which is payable in any branch of a particular bank
 Travelers Cheque: Cheques issued by a bank and function as cash but are protected against
loss or theft when travelling.
 Collateral: A borrower needs to provide some kind of security to the bank in case of high ticket
loans, such security is called ‘collateral’
 Inflation: Decreasing the value of money in this state money looses the value hence prices will
go up
 ECS-Electronic Clearing Scheme:-Definition-ECS is an electronic mode of funds transfer
from one bank account to another.It can be used by institutions for making payments such as
distribution of dividend interest, salary, pension, among others.It can also be used to pay bills
and other charges such as telephone, electricity, water or for making equated monthly
installments payments on loans a well as SIP investments. ECS can be used for bothcredit and
debit purposes.
 EMI-Equated Monthly Installments:EMI is equated monthly installment. EMI is monthly
basis repayment of the loan amount taken. A loan amount, be it home loan, car loan or personal
loan is paid back through a series of monthly payments. The monthly payment is in the form of
postdated cheques drawn in favour of lender. EMI are paid until the total amount due is paid
up.EMI is directly proportional to the loan amount taken and inversely proportional to time
period.
 OD-Over Draft:The word overdraft means the act of overdrawing from a Bank account. In
other words, the account holder withdraws more money from a bank account than has been
deposited in it.
 OMO-Open Market Operations:When the central bank chooses to buy or sell govt bonds in the
open market, in order to increase or decrease the amount of money as well as interest rates in
the banking system.
 POS-Point Of Sales:The place where sales are made. On a macro level, a point of sale may be a
mall, market or city. On a micro-level, retailers consider a point of sale to be the area
surrounding the counter where customers pay.Also known as "point of purchase".
 Basis points: It is the increase in interest rates in percentage terms. For instance, if the interest
rate increases by 50 basis points (bsp), then it means that interest rate has been increase by
0.50%. One percentage point is broken down into 100 basis points. Therefore, an increase from
2% to 3% is an increase of one percentage point or 100 basis points.
 PRIORITY SECTOR LENDING: In India every Domestic Commercial Bank has to lend
40% of its total lending (NBC = Net Bank’s Credit) to the Priority Sector and Foreign Bank also
have to provide 40% to these sector Indian banks have to lend 18% to Agricultural Sector and
10% to Weaker Sections. (Priority Sector includes SC/ST, Minority Community, Small &
Marginal Farmers, Artisans & distressed urban poor, Small Business, Retail Trade, Self Help
Group, NGO and Food & Agro processing Section, education etc.
 Bank For International Settlements -An international organization fostering the cooperation of
central banks and international monetary policy makers. Established in 1930, it is the oldest
international financial organization, and was created to administer the transaction of monies
according to the Treaty of Versailles. Among others, its main goals are to promote information
sharing and to be a key center for economic research.
Essentially, the BIS is a central bank for central banks; it does not provide financial services to
individuals or corporations. The BIS is located in Basel, Switzerland, and has representative
offices in Mexico City and Hong Kong. Member banks include the Bank of Canada, the Federal
Reserve Bank and the European Central Bank.
33
 Floating Rate: An interest rate that is referenced to a market rate and is revised as per the
change in the interest rates in the economy. When interest rates in the economy rise, floating
rates rise and vice versa.
 Inflation: Decreasing the value of money in this state money looses the value hence prices will
go up
 CBS:-Consolidated Banking Statistics/Core Banking Solution:Definition -CBS Is the
process which is completed in a centralized environment i.e. under which the information
relating to the customer account like financial dealings, profession, income, family members,
etc. These info is stored in a central server of the bank which is available toall the networked
34
branches instead of the branch server. The word core in CBS is stands for Centralized Online
Real time Environment (Core).
 NFA-Non-Foreign Exchange Assets:The value of overseas assets owned by a nation, minus
the value of its domestic assets that are owned by foreigners, adjusted for changes in valuation
and exchange rates.A nation's Net Foreign Assets (NFA) position is also defined as the
cumulative change in its current account over time. The net foreign assets position indicates
whether the nation is a net creditor or debtor to the rest of the world. A positive NFA balance
means that it is a net lender, while a negative NFA balance shows that it is a net borrower. An
alternative definition of “Net Foreign Assets” from the World Bank is that it is the sum of
foreign assets held by monetary authorities and deposit money banks, less their foreign
liabilities.
 Self Help Group is a homogeneous group of micro entrepreneurs with affinity among
themselves, voluntarily formed to save whatever amount they can conveniently save out of
their earnings and mutually agree to contribute to a common fund of the group from which
small loans are given to the members for meeting their productive and emergent credit needs at
such rate of interest, period of loan and other terms as the group may decide.
Banking Ombudsman Scheme 2006
 The Banking Ombudsman Scheme enables an expeditious and inexpensive forum to bank
customers for resolution of complaints relating to certain services rendered by banks.
 The Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redress
customer complaints against deficiency in certain banking services.
 All Scheduled Commercial Banks, Regional Rural Banks and Scheduled Primary Cooperative Banks are covered under the Scheme.
 India Security Press ( Nasik stamps)- Postal Material, Poatal Stamps, Non-Postal Stamps,
Judicial and Non-judicial Stamps, Cheques, Bonds, NSC, Kisan Vikas Patra, Securities of State
Governments, Public Sector Enterprise and Financial Corporations.
 Security Printing Press (Hyderabad)- Established in 1982 for meeting the demand for postal
Material by southern states It also fulfils the demand for Union Excise Duty Stamps of the
Country.
 Currency Notes Press (Nasik Road) – Since 1991, this press prints currency notes of Rs 1,
Rs.2, Rs.5, Rs.10, Rs.50, and Rs.100. (Earlier printing of Rs.50, and Rs.100 currency notes was
not done here).
 Bank Notes Press (Dewas)- Currency notes of Rs.20, Rs.50, Rs.100 and Rs.500 are printed
here.
 Modernized Currency Notes Press –two new modernized currency notes press are under
establishment at Mysore (Karnataka) and Salboni (West Bengal).
 Security Paper Hoshangabad (Established in 1967-68) makes production of bank and
Currency notes paper. Coins are minted at four places- Mumbai, Kolkata, Hyderabad and
Noida.
Credit Rating Agency in India & World
 Indian credit rating industry mainly comprises of CRISIL, ICRA, CARE, ONICRA, FITCH
(India Ratings & Research) & SMERA.
 CRISIL - Credit Rating Information Services of India Limited, Headquarter – Mumbai
 ICRA - Investment information and credit rating agency Headquarter - Gurgaon, India
 CARE - Credit Analysis and Research Headquarters – Mumbai
 ONICRA - Headquarter - Gurgaon, India
35
 SMERA - Headquarters – Mumbai
 Fitch (India Ratings & Research) - Headquarters – Mumbai
Note: CRISIL is the largest credit rating agency in India, with a market share of greater than 60%.
Leading Credit Rating Agency in World
 Standard & Poor's (S&P) – Headquarter – New York, US
 Moody's – Headquarter - New York, US
 Fitch - Headquarter - New York, US
 DBRS (Dominion Bond Rating Service) - Headquarter - Toronto, Ontario, Canada
 Egan – Jones - - Headquarter – Pennsylvania, US
 PRIORITY SECTOR LENDING: In India every Domestic Commercial Bank has to lend
40% of its total lending (NBC = Net Bank’s Credit) to the Priority Sector and Foreign Bank
also have to provide 40% to these sector Indian banks have to lend 18% to Agricultural Sector
and 10% to Weaker Sections. (Priority Sector includes SC/ST, Minority Community, Small &
Marginal Farmers, Artisans & distressed urban poor, Small Business, Retail Trade, Self Help
Group, NGO and Food & Agro processing Section, education etc.
 INTEREST RATE SWAPS: An Interest rate swap is the transfer of contractually agreed
between two counterparties of their respective Interest rate obligation Interest rate swaps are
commonly used as a means of converting fixed rate to floating rate debt and vice versa.
 NFS (National Financial Switch): It facilitates interconnectivity between banks’ switches and
interbank payment Gateway for authentication & routing the payment details of various Ecommerce & E-Govt activities (Retail Banking). Now NFS has been overtaken by NPCI
(National Payment Corporation of India)
 CURRENCY PEG: Means a fixed exchange rate A fixed exchange rate is usually used to
stabilize the value of a currency against the currency it is pegged to this makes trade and
investments between the two countries easier and more predictable and is especially useful for
small economies where external trade forms a large part of their GDP China is highly
successful at maintaining a currency peg using a government monopoly over all currency
conversion between the Yuan and other currencies A country’s exchange rate regime under
which the government or central bank ties the official exchange rate to another country’s
currency (or the price of gold) the purpose of a fixed exchange rate system is to maintain a
country’s currency value within a very narrow band. Also known as pegged exchange rate.
 Fiscal Deficit: This is the gap between the Government’s total spending and the sum of its
revenue receipts and on-debt capital receipt. It represents the total amount of borrowed funds
required by the Government to completely meet its expenditure The gap is bridged through
additional borrowing from the Reserve Bank of India, issuing Government securities etc. Fiscal
deficit is one of the major contributors to inflation.
 Primary Deficit: The primary deficit is the fiscal deficit minus interest payments. It tells how
much of the Government’s borrowings are going towards meeting expenses other than interest
payments.
 Deficit Financing: It is a practice resorted to by modern government of spending more money
than it receives in revenue. It is a policy of bridging a deficit between governments expenditure
and revenue Deliberately budgeting for a deficit is called deficit financing This practice was
popularized by Prof. J. M. Keynes to deal with the depression and unemployment situations
and to stimulate economic activity deficit financing, though having inflationary effects has now
become a common practice in all countries.
 Asset Management Companies:-A company that invests its clients' pooled fund into securities
36






that match its declared financial objectives. Asset management companies provide investors
with more diversification and investing options than they would have by themselves. Mutual
funds, hedge funds and pension plans are all run by asset management companies. These
companies earn income by charging service fees to their clients.
What is Liquidity Adjustment Facility(LAF)?
A tool used in monetary policy that allows banks to borrow money through repurchase
agreements. This arrangement allows banks to respond to liquidity pressures and is used by
governments to assure basic stability in the financial markets.
What is Bancassurance?
It is the term used to describe the partnership or relationship between a bank and an insurance
company whereby the insurance company uses the bank sales channel in order to sell insurance
products.
What is Balance of Trade?
The value of a country’s exports minus the value of its imports. Unless specified as the balance
of merchandise trade, it normally incorporates trade in services, including earnings (interest,
dividends, etc.) on financial assets.
What is Balance of Payments?
A list of all of a country’s international transactions for a given time period, usually one year.
Payments into the country (receipts) are entered as positive numbers, called credits;Payments
out of the country (payments) are entered as negative numbers called debits. A single numbers
summarizeall of a country’s international transactions: the balance of payments surplus.
What is IMPS?
Immediate Payment Service. It is an instant inter bank electronic fund transfer service through
mobile phones. Both the customers must have MMID (Mobile Money Identifier Number). For
this service, we don’t need any GPS-enabled cell phones.
NBFC:-A Non-Banking Financial Company (NBFC) is a company registered under the
Companies Act, 1956 engaged in the business of loans and advances, acquisition of
shares/stocks /bonds /debentures/securities issued by Government or local authority or other
marketable securities of a like nature, leasing, hire-purchase, insurance business, chit fund
business.
Difference between BANK & NBFC:
NBFCs lend and make investments and hence their activities are akin to that of banks; however
there are a few differences as given below:
 NBFC cannot accept demand deposits;
 NBFCs do not form part of the payment and settlement system and cannot issue
cheques drawn on itself;
 Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is
not available to depositors of NBFCs, unlike in case of banks.
NEFT AND RTGS
 NEFT:
 National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating oneto-one funds transfer.
 Under this Scheme, individuals, firms and corporates can electronically transfer funds from any
bank branch to any individual, firm or corporate having an account with any other bank branch
in the country participating in the Scheme.
37
Limit using NEFT:
 There is no limit – either minimum or maximum – on the amount of funds that could be
transferred using NEFT.
 However, maximum amount per transaction is limited to Rs.50,000/- for cash-based
remittances and remittances to Nepal.
 RTGS:
Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of
funds transfers individually on an order by order basis (without netting). 'Real Time' means
the processing of instructions at the time they are received rather than at some later time;
'Gross Settlement' means the settlement of funds transfer instructions occurs individually (on
an instruction by instruction basis).
Limit using RTGS:
 The RTGS system is primarily meant for large value transactions. The minimum amount to be
remitted through
 RTGS is Rs. 2 lakhs. There is no upper ceiling for RTGS transactions.
RTGS vs NEFT
NEFT is an electronic fund transfer system that operates on a Deferred Net Settlement (DNS) basis
which settles transactions in batches. Contrary to this, in the RTGS transactions are processed
continuously throughout the RTGS business hours.
Banking Abbreviations
1. PSBS: PUBLIC SECTOR BANKS
2. SNBCS: SCHEDULE NON COMMERCIAL BANKS
3. SENSEX: SENSITIVE INDEX OF STOCK EXCHANGE
4. GNP: GROSS NATIONAL PRODUCT
5. KYC: KNOW YOUR CUSTOMER
6. RTGS: REAL TIME GROSS SETTLEMENT
7. NEFT: NATIONAL ELECTRONIC MONEY TRANSFER
8. EFT: ELECTRONIC FUND TRANSFER
9. CBS: CORE BANKING SOLUTIONS
10. LIBOR: LONDON INTERBANK OFFERED RATE
11. MIBOR: MUMBAI INTERBANK OFFERED RATE
12. MIBID: MUMBAI INTERBANK BID RATE
13. SARFAESI: SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND
ENFORCEMENT OF SECURITY INTEREST
14. CAMELS: CAPITAL ADEQUECY RATIO, ASSET QUALITY, MANAGEMENT OF
EFFECTIVENESS, EARNING OF PROFITABILITY, LIQUIDITY, SYSTEM AND CONTROLS
15. CAR: CAPITAL ADEQUECY RATIO
16. Fiis: FOREIGN INSTITUTIONAL INVESTMENTS
17. FDI: FOREIGN DIRECT INVESTMENT
18. IPO: INITIAL PUBLIC OFFERING
19. MICR: MAGNETIC INK CHARACTER READER
20. BIRD: BANKERS INSTITUTE OF RURAL DEVELOPMENT
21. IBA: INDIAN BANK ASSOCIATION
22. BPLR: BENCHMARK PRIME LENDING RATE
38
23. ICICI: INDUSTRIAL CREDIT AND INVESTMENT CORPORATION OF INDIA
24. HDFC: HOUSING DEVELOPMENT FINANCE CORPORATION
25. SWOT: STRENGETH, WEEKNESSES, OPPORTUNITIES AND THREATS
26. SWIFT: SOCIETY FOR WORLDWIDE INTERBANK FINANCIAL
TELECOMMUNICATION
27. FERA: FOREIGN EXCHANGE REGULATORY ACT
28. FEMA: FOREIGN EXCHANGE MANAGEMENT ACT
29. CASA: CURRENT AND SAVING ACCOUNT
30. NDTL: NET DEMAND AND TIME LIABILITIES
31. NASDAQ: NATIONAL ASSOCIATION FOR SECURITIES DEALERS AUTOMATED
QUOTATIONS
32. CRISIL: CREDIT RATING AND INVESTMENT SERVICES INDIA LIMITED
33. CIBIL: CREDIT INFORMATION BUREAU OF INDIA LIMITED
34. NAV: NET ASSET VALUE
35. ICRA: INDIAN CREDIT RATING AGENCY
36. CARE: CREDIT ANALYSIS AND RESEARCH LIMITED
37. Wmas: WAYS AND MEANS ADVANCES
38. ALM: ASSET LIABILITY MANAGEMENT
39. INFINET INDIAN FINANCIAL NETWORK
40. OLTAS - On-Line Tax Accounting System (OLTAS) For Direct Taxes
41. TIN - TAX INFORMATION NETWORK (TIN)
42. IMPS - INTERBANK MOBILE PAYMENT SERVICE (IMPS).
43. CDR- CORPORATE DEBT RESTRUCTURING
44. CAD- CAPITAL ACCOUNT DEFICIT
45. REITS: REAL ESTATE INVESTMENT TRUSTS
46. INVITS: INFRASTRUCTURE INVESTMENT TRUSTS
47. ALM- ASSET LIABILITY MANAGEMENT
48. ASBA: APPLICATION SUPPORTED BY BLOCKED AMOUNT
49. CBS: CORE BANKING SOLUTION
50. PIN: PERSONAL IDENTIFICATION NUMBER
51. CCEA – CABINET COMMITTEE ON ECONOMIC AFFAIRS
52. CECA - COMPREHENSIVE ECONOMIC COOPERATION AGREEMENT
53. CEPA – COMPREHENSIVE ECONOMIC PARTNERSHIP AGREEMENY
54. DTAA – DOUBLE TAXATION AVOIDANCE AGREEMENT
55. ECBS - EXTERNAL COMMERCIAL BORROWINGS
56. EFSF – EUROPEAN FINANCIAL STABILITY FACILITY
57. FINO- FINANCIAL INCLUSION NETWORK OPERATION
58. FIPB – FOREIGN INVESTMENT PROMOTION BOARD
59. FSLRC – FINANCIAL SECTOR LEGISLATIVE REFORMS COMMISSION
60. CRAR: CAPITAL TO RISK-WEIGHTED ASSETS RATIO
61. LCR: LIQUIDITY COVERAGE RATIO
62. TARC - TAX ADMINISTRATION REFORM COMMISSION
63. GIRO - GOVERNMENT INTERNAL REVENUE ORDER
64. FRBMA: FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT
65. AMFI- ASSOCIATION OF MUTUAL FUND IN INDIA.
66. TIEA – TAX INFORMATION EXCHANGE AGREEMENT
67. GAAR - GENERAL ANTI AVOIDANCE RULE
68. GSLV - GEO-SYNCHRONOUS LAUNCH VEHICLE
69. PPP – PUBLIC PRIVATE PARTNERSHIP & PURCHASING POWER PARITY
39
70. PSLV – POLAR SATELLITE LAUNCH VEHICLE
71. TAPI - TURKMENISTAN-AFGHANISTAN-PAKISTAN-INDIA.
72. QFI -QUALIFIED FOREIGN INVESTORS
40

SBI Clerk Mains(2016)

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