Complete Gk Universal Key 2014-15 (Check It Out) Bansal_2

Complete

GK

Universal

Key 2014-15

E x a m C o m p e t i t i o n T o p p e r s

V a r u n . B a n s a l 1 9 8 9 @ g m a i l . c o m

1 2 / 3 1 / 2 0 1 4

Varun Bansal Banking introduction, Stock exchange Index, Dance

and its state , Important Banking Codes, International

institutes- World Bank and IMF,Organisation and its

headquater, Monetary Policies, Banking 6 months

news, Sports 6 months news ,Awards, New Person in

News , New Appointments, Census 2011, Upcoming

Games Venues , Banking Awareness, Complete list of

Full Forms, Miscellaneous Awareness (150 Questions)

, Union Ministers and their Constituencies, NEFT and

RTGS, NABARD ,List of Awards and Their Fields etc.

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Exam Competition Toppers

Brief Introduction about Banks in India (History)

Banks are intermediaries between depositors (who lend money to the bank) and

borrowers (to whom the bank lends money). The amount banks pay for deposits and

the income they receive on their loans are both called interest.

The story of banking starts from Bank of Hindustan established in 1770 and it was first bank at Calcutta under European management

After Bank of Hindustan, Three Presidency banks were set up under charters from the British East India Company- Bank of Calcutta, Bank of Bombay and the Bank of Madras.

These worked as quasi central banks in India for many years.

Three Presidency banks

After it, In 1 July 1955, these all three Banks would be Merge in One Bank which name is

Imperial Bank of India

Bank of Bengal

Bank of Bombay

Bank of Madras

Bank of Bengal (1809) Bank of Bombay (1840) Bank of Madras (1943)

State Bank of India

(1st July 1955)

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Types of Bank

1. Para banking- When Bank provide banking services except the general banking facility.

2. Narrow Banking- When banks invest its money in government securities instead investing in market to avoid risk.

3. Overseas Banking- Banks having branches in other countries besides its origin country. Example Bank of Baroda has maximum foreign branches by any indian bank

4. Offshore Banking- Bank which accept currency of all countries. Offshore banks are in those countries which declares them as Heaven Bank Country. Example- Swiss Banks

5. Green banking- promoting environmental-friendly practices and reducing your carbon footprint from your banking activities.

6. Islamic bank- Those Banks which work according to Islamic Laws. Concept originates in Egypt. Islamic bank opens at Cochin in kerala in 2010.

7. Kiosk Banking- When we Deposit or withdraw money from booths, it is called Kiosk banking.

8.Defence Banking- Full banking services made available to all members of the Defense force, including non-uniformed personnel and other civilians.

9. Retail Banking- Retail banking refers to the division of a bank that deals directly with retail customers. Also known as consumer banking or personal banking, retail banking is the

visible face of banking to the general public.

10. Banking on Wheel- to provide banking services in remote villages which are devoid of banking facilities as part its financial inclusion plan.

11. Wholesale banking-Wholesale banking is the provision of services by banks to organizations such as Mortgage Brokers, large corporate clients, mid-sized companies, real estate

developers and investors, international trade finance businesses, institutional customers (such as

pension funds and government entities/agencies), and services offered to other banks or other

financial institutions.

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Imperial Bank of India acted as central bank of our country from 1921 to 1935.

Imperial Bank of India was nationalized and renamed as State Bank of India in 1955.

First Chairman, A. D. Gorwala.

SBI has 7 Subsidiaries (SBI Ground). They are : State Bank of Hyderabad, Mysore, Indore,

Patiala, Saurashtra, Travancore, Bikaner & Jaipur. All these were formed in 1959.

The total number of associate banks of SBI currently working in the country is Five

SBI is the largest commercial bank of India

Largest Public Sector Bank in India SBI

First Bank to introduce Mutual Fund : State Bank of India

SBI launched a New Scheme Parvartan to attract more customers by rendering better

services.

SBI has introduced the Tiny-Card with biometric identification to achieve Financial

Inclusion. Tiny-Card provides easy banking services for under privileged communities.

SBI Head Quarters :Mumbai

State Bank of India launched Mobi Cash Eash a mobile wallet service that allows users to

transfer funds and make bill payment easily using Mobile Phone.

On 7th October 2013, Arundhati Bhattacharya is appointed as the first lady chairperson for

SBI.

Note: In 2008 the State Bank of Sourashtra merged with SBI.

In 2010 the above State Bank of Indore also merged with SBI.

Slogan of SBI

With you all the way

Pure banking nothing else

The banker to every Indian

The Nation Banks on us

State Bank of India

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Reserve Bank of India (RBI) was instituted in 1935.

Reserve Bank of India (RBI) was established in 1935 and Nationalized in 1949.

First Governor of RBI: Mrs. Osborne Smith

First Indian Governor of RBI: Mr. C. D. Deshmukh

The RBI Central Board consists of One Governor and not more than Four Deputy Governors

(Appointed / Nominated for a period of Four years).

Present(23rd) Governor Raghuram Rajan

Present Deputy Governors : Urjit Patel - 14.01.2013 onwards

H. R. Khan - 04.07.2011 onwards (Re-elected)

R. Gandhi - 03.04.2014 onwards

S. S. Mundra - 30.07.2014 onwards

The first headquarter of RBI is Calcutta (1935)

Present Headquarter of RBI Mumbai (1937 to present)

RBI has 29 Regional Offices in India

The Financial year of the RBI starts on 1st July and ends on 30th June

CRR, SLR, Repo Rate, Reverse Repo Rate are decided by RBI

Open market operations are carried out by RBI

Monetary Policies

CRR (Cash Reserve Ratio): According to sect 42(I) RBI Act 1934, every bank licensed by

RBI should keep certain percentage its NKTL (net demand and time liabilities) with RBI in the

form of cash is known as CRR.

- No interest will be paid by RBI on CRR to the banks. - The present CRR is 4.0% - Till 22nd June 2006 the min CRR rate was 3% and max was 15%. - Now there is no limit on max & minimum on CRR. - RBI decreases CRR to promote economic growth of the country.

SLR (Statutory Liquidity Ratio) :- Section 2(A) of Banking Regulation Act 1943 says SLR is the percentage of NDTL that banks need to maintain as reserves in the form of approved

securities, gold and cash.

Reserve Bank of India

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- The present SLR is 22 % - The max SLR is 40%.

Repo Rate: - Repo is the rate at which RBI lends to commercial banks as term loans by keeping their securities with RBI to meet their short term needs (Repo-Repurchase).

- The present Repo Rate is 8%

Reverse Repo Rate: - The process of borrowing money from banks by RBI by keeping its securities as collateral with banks is known as Reverse Repo.

- The interest paid by RBI to banks on such borrowing is known as Reverse Repo Rate . - The regular infection & absorption of liquidity through repo and reverse repo process by Using securities as collateral is known as liquidity adjustment facility

- The present Reverse Repo Rate is 7.0%

Bank Rate: - Is defined in Sec (49) of RBI Act 1934 it is the interest rate charged by RBI on the long term loans given to banks again rediscounting of the bills and other commercial paper.

- Present Bank Rate is 9.0%

Marginal Standing Facility (MSF):- This was introduced by RBI in May 2011. This loan provided by RBI to banks at the rate of 2% of its NDTL Banks should be request for MSF

between 3-30 to 4-30 pm electrically under negotiable dealing system (NDS).

- This loan is provided only for 1 day. - If any bank takes this loan for Friday it can repay it on Monday with the same interest. - Interest charged on MSF at present is 9.0% - The min loan provided by RBI under MSF is 1 Crore.

KYC (Know Your Customer)

RBI introduced KYC in Banking sector under 35(A) of Banking Regulation Act 1949.

This KYC was introduced in August 2002.

To identify the people who wants to transact with any bank and to know about the customer before opening an account. This process involves verification of customers id proof & address proof.

The main objectives of KYC are:

To prevent money laundering

To prevent money transfer to and from illegal activities.

Money Laundering : Acquiring, Owning, Processing (or) Transferring of money earned Through crime (or) knowingly entering in to any transaction related to crime within (or) Outside India (or) it is the process of conversion of illegally obtained money.

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Important Points about Nationalized Banks

1. Allahabad Bank is the Oldest Joint Stock Bank of India.

2. Andhra Bank was the bank founded by a Freedom Fighter Dr. Bhogaraju Pattabhi

Seetaramayya.

3. Bank of India was the first bank to open branch outside India (in London, 1946)

4. Canara Bank is the bank to be given an ISO 9002 certificate for one of its branches.

5. The postal department has issued a commemorative stamp in the name of Central Bank of

India celebrating 100 years in 2011.

6. Central Bank of India is the First Indian Bank to be wholly owned by Indians.

7. Punjab National Bank is the bank fromed on the efforts of Lala Lajpat Rai.

8. Syndicate Bank is the bank whose brand equity is "Pygmy Deposit Scheme".

9. UCO Bank is the bank which was conceived by Shri GD Birla.

10. Union Bank of India is the bank which was inaugurated by Mahatma Gandhi (in 1919).

11. SBI is the largest commercial bank in India.1st purely indian bank was the Oudh commercial

bank with limited liability by the Indian Board.

12. Punjab National Bank was the first Indian bank with unlimited liabilty (estd in 1984).

13. SBI launched a new scheme "Parivarthan" to attract more customers by rendering better

services.

14. Govt. of India's holding in SBI is reduced from 55% to 51% in August 2010.

15. ICICI bank is the largest private sector bank and 1st Universal Bank in India.ICICI bank is

the 1st bank to have crossed Rs. One Trillion market valuation.

16. SBI launched a "Crore Pathi Only" branch in Hyderabad (Andhra Pradesh). The criterion to

open an account is the minimum opening balance of as One Crore.

17. Bank of Baroda has largest number of branches abroad. Its punchline is "India's International

Bank".

Note: There are a total of 27 PSBs in India 21 Nationalised banks + 6 State bank group (SBI + 5 associates) ii. At present there are 23 Private Banks functioning in India iii. At present there are 56 RRBs (Regional Rural Banks ) functioning in India. iv. At present there are 41 Foreign Banks functioning in India

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Important Points about Schemes

Savings Account system in India was started by Presidency Bank, in 1833.

Cheque system was first introduced by Bengal Bank which was established in 1784.

Allahabad Bank is the oldest existing public sector bank in India.

Central Bank of India was the first public bank to introduce credit card.

Central Bank of India is the first commercial bank which was managed by Indians.

ICICI Bank was the first bank to provide Mobile ATM

Bank of Baroda has the maximum number of overseas branches.

Indias first Talking Automated Teller Machine (ATM) launched by Union Bank of

India (UBI) for visually impaired was launched in Ahmedabad (Gujarat).

The National Payments Corporation of India (NPCI) launches Indias first rural bank

ATM card with a regional rural bank in Varanasi

First Indian bank got ISO: Canara Bank

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

First Bank to introduce Credit Card in India: Central Bank of India

The International Bank for Reconstruction and Development (IBRD) is known as World

Bank

Indias First Financial Archive has been set up at Kolkata

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 Vodafones m-

paisa- HDFC Bank

Largest Private Sector Bank in India ICICI

Largest Foreign Bank in India Standard Chartered Bank

Frist 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 in 1987, Mumbai

Bank of Baroda has the maximum number of overseas branches.

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Different Codes use in Banks

Indian Financial System Code (IFSC):- Indian Financial System Code is an alphanumeric code that uniquely identifies a bank branch

participating in NEFT system.

- This is a 11 digit code with the first 4 alpha characters representing the bank, the 5th character is 0 (zero) and the last 6 characters representing the bank branch.

- IFSC is used by the NEFT system to identify the originating / destination branks / branches and also to route the messages approximately to the concerned banks / branches.

For Ex: SBIN0015986

First 4 characters SBIN refers to State Bank of India

5th Code 0 is a control number

Last six characters (015986) represents the SBI branch Jail Road, Hari Nagar, New Delhi.

Magnetic Ink Character Recognition (MICR):

MICR code is a numeric code which uniquely identifies a bank branch participating in the ECS

Credit Scheme. MICR code consists of 9

Digits. E.g. 400229128

- First 3 digits represent the city (400) - Next 3 digits represent the bank (229) - Last 3 digits represent the branch (128)

Banks and Their Tag Lines -

1. SBI - With you all the way, Pure Banking Nothing Else, The Nations banks on us 2. State Bank of Hyderabad You can always bank on us. 3. State Bank of Mysore - Working for a better tomorrow

4. State Bank of Patiala Blending Modernity with Tradition 5. State Bank of Travancore - A long Tradition of Trust

6. Allahabad Bank - A Tradition of Trust

7. Andhra Bank Where India Banks 8. Bank of Baroda - Indias International Bank 9. Bank of India - Relationship beyond banking

10. Bhartiya Mahila Bank Empowering Women

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11. Bank of Maharashtra - One family one bank

12. Canara Bank Together We Can 13. Central Bank of India Central To you Since 1911 14. Corporation Bank A Premier Public Sector Bank 15. Dena Bank - Trusted Family Bank

16. ECGC Bank You focus on exports. We cover the risks 17. IDBI Bank Banking For All, Aao Sochein Bada 18. Indian Bank Your Tech- Friendly Bank 19. Indian Overseas Bank Good people to grow with 20. Punjab National Bank - The name you can bank upon

21. Punjab & Sind Bank Where service is a way of life 22. Oriental Bank of Commerce Where every individual is committed 23. UCO Bank Honours Your Trust 24. Union Bank of India Good People to Bank with 25. United Bank of India The Bank that begins with U 26. Vijaya Bank - A friend you can bank on

27. Axis Bank Badhti Ka naam Zindagi 28. ICICI Bank Hum Hai Na, Khyal Apka 29. HDFC Bank - We understand your world indeed

30. Yes Bank Experience our Expertise 31. HSBC - The worlds local bank

Plastic Money

Plastic money emerged at the end of 20th century following the introduction of credit cards. At the

beginning credit card was classified also as credit more but introduction of debit card and ATM

cards influenced the establishment of an another form of currency that is 'Plastic Money'.

A PIN (Personal Identification Number) code is required to perform transaction with the plastic

money.

Example of Plastic Money are

Credit Cards

Debit Cards

ATM Cards

Smart Cards

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BANCASSURANCE

The sales of insurance and other same type of product through a bank is called Bancassurance.

This can help the bank's customer in some situations;

e.g.

When a bank requires life insurance for those receiving a mortgage loan the customer could

purchase the insurance directly from the bank.

This is a partnership between a bank and an insurance company whereby the insurance company

uses the bank sales channel in order to sell their products.

If a bank wants to sell insurance product then they have to obtain a C.C.A (Composite corporate

agent) certificate from IRDA.

Classification of Money

RBI classified the supply of money in the following four categories :-

M1 (narrow money) = Currency with the public + Demand deposit of banks + Other deposits with

RBI.

M2 = M1 + Post office saving deposits.

M3 (broad money) = M1 + Fixed deposit with bank.

M4 = M3 + Total post office deposit.

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Difference between a Cheque and a Demand draft

A cheque is issued by an individual whereas a demand draft is issued by a bank.

A cheque is defined in the Negotiable Instrument Act,1881, whereas a demand draft has not be precisely defined in the Negotiable Instrument Act.

A cheque can be made payable either to a bearer or order but a demand draft is always payable to order of a certain person.

A cheque is drawn by an accountholder of a bank, whereas a draft is drawn by one branch of a bank on another branch of the same bank.

In a cheque, the drawer and the drawee are different persons. But in a draft both the drawer and the drawee are the same bank.

A cheque can be dishonored in case of insufficient balance in the account whereas a draft cannot be dishonored.

Payment of a cheque can be stopped by the drawer of the cheque, whereas the payment of a draft cannot be stopped.

Mortgage

Immovable property like land and building etc are often used as security to avail of loans and

advances. When factory land and building is given as security, plant and machinery thereon are

generally taken as part of the security.

A valid mortgage should exhibit the following features:

1. It is transfer of the interest in the property without actual sale suggesting that the

ownership has not changed. Possession remains with the owner that is the mortgager and

need not be transferred to the mortgagee i.e, the creditor.

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2. The property to be mortgaged has to be clearly identifiable with all the specific

marks as available in the revenue records.

3. The mortgage has to be for securing an existing or future debt.

4. The mortgagee has the right to sell/disposal of the mortgaged property to recover

its dues in the event of non-payment by the borrower who is the mortgager.

5. A minor can not create a mortgage.

6. In case of limited companies the mortgage has to be registered with the registrar

of companies within 30 days from the date of creation.

7. The mortgage deed is cancelled once the mortgage money which is the

aggregation of the loan amount with interest is fully paid.

Non-Banking Financial Institutions

Non-Banking Financial Institutions/Intermediaries (NBFIs) is a heterogenous group of financial institutions, other than Commercial and Co-operative Banks.

These institutions are an integral part of the Indian financial system. A wide variety of financial institutions is included in it.

These institutions raise funds from the public, directly or indirectly, to lend them to ultimate spenders.

In other words, these intermediaries pool resources from the savers and channelize them to provide funds to business firms and local bodies.

Definition

According to Reserve Bank (Amendment Act) 1997, A Non-banking Finance

Company/Institution means:

1. a financial institution which is a company;

2. a non-banking institution which is a company and which has its principal

business, the receiving of deposits under any scheme or arrangement or in any

other manner or lending in any manner;

3. such other non-banking institution or class of such institutions as the, Bank may,

with the previous approval of the Central Government, specify.

Main Non-Banking Financial Intermediaries in India

Development Banks (Industrial Finance Corporation of India Limited, Industrial Development Bank of India, Small Industries Development Bank of India, Industrial Investment Bank of India, Industrial Credit and Investment Corporation of India, State Finance Corporation and State Industrial Development Banks)

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Specialized Banks ( National Agriculture and Rural Development Bank, Export-Import Bank, etc)

Others ( Life Insurance Corporation of India, General Insurance Corporation, Unit Trust of India, Investment Companies, Hire Purchase Finance Companies, Loan Company, Housing Finance Company, Mutual Benefit Company, Nidhi Company, Chit Fund Company, Venture Capital Funds/Companies, etc).

Important Regulatory Bodies

Regulator of NBFC: RBI

Regulator of MFI: RBI

Regulator of BANKS: RBI

Regulator of TELECOM: TRAI

Regulator of POWER SECTOR: CERC

Regulator of PENSION SECTOR: PFRDA

Regulator of INSURANCE INDUSTRY: IRDA

Regulator of COMMODITY MARKET: FMC

Regulator of SECURITY MARKETS: SEBI

SEBI (Securities & Exchange Board of India)

SEBI

SEBI is the regulator for the securities market in India.

It was established on 1998.

Statutory status was given to SEBI on 12th April, 1992.

Chairman of SEBI- U.K.Sinha.

Its headquarter is in Mumbai.

Regional office of sebi- New Delhi, Kolkata, Chennai & Ahmedabad.

FUNCTIONS

1. It protects the interest of investor and with the help of appropriate way, it develops

the share market.

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2. It regulates capital market and has also the power to regulate the mutual fund &

venture capital funds in India.

3. There are certain number of brokers in each stock exchange and with the help of

them, shares are bought and sold and they are registered by sebi.

4. SEBI makes law for stock exchange and instructs to implement them.

CHEQUE TRUNCATION

Truncation is the process of stopping the flow of the physical cheque issued by a drawer at some point with the presenting bank en-route to the drawee bank branch.

In its place an electronic image of the cheque is transmitted to the drawee branch by the clearing house, along with relevant information like data on the MICR band, date of presentation, presenting bank, etc.

Cheque Truncation speeds up the process of collection of cheques resulting in better service to customers, reduces the scope for clearing related frauds or loss of instruments in transit, lowers the cost of collection of cheques, and removes reconciliation- related and logistics- related problems, thus benefitting the system as a whole.

Services provided by E-Banking

1. Bill Payment Service- E-banking facilitates the payment of electricity bills, telephone bills, credit card and insurance premium bills. Generally, the bank does

not charge customers for on-line bill payments.

2. Fund Transfer- You can transfer any amount from one account to another of the same or any another bank. Customers can send money anywhere in India. The

transfer will take place in a day or so, whereas in a traditional method, it takes

about three working days.

3. Credit Card Customers- With internet banking, customers cannot only pay their credit card bills online but also get a loan on their cards. In case of loss of

the credit card, an online reporting can be done.

4. Recharging Prepaid Mobile- By just selecting the operator's name, entering the mobile number and the amount for recharge the mobile phones can

be back in action within few minutes.

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5. Shopping- On-line shopping can also be done with a range of all kind of products. Railawy and air ticket can also be bought through the internet banking.

6. RTGS Fund Transfer- RTGS is an inter-bank funds transfer system, where funds are transferred as and when the transactions are triggered.

7. On-line Payment of Taxes- A customer can pay various taxes on-line including Excise and Service Tax, Direct Tax etc.

SOME IMPORTANT STOCK EXCHANGE AND THEIR INDEX

STOCK EXCHANGE INDEX

Bombay Stock Exchange (B.S.E) Sensex

National Stock Exchange (N.S.E) Nifty

New york Dow Jones

U.S.A NASDAQ

Tokiyo NIKII

Singapore SIMEX

Thailand SET

South Korea Seol Composite

Hongkong Hongseng

China Sanghai com

Germany MIDDEX

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INTERNATIONAL FINANCIAL INSTITUTION

INTERNATIONAL FINANCIAL INSTITUTION

There are mainly two international financial institution:

1. I.M.F (International Monetary Fund)

2. World Bank

INTERNATIONAL MONETARY FUND

Establishment- 27th December,1945

Headquarter- Washington, D.C, United States.

Members- 188

Present MD- Christine Lagarde

S.D.R. (SPECIAL DRAWING RIGHTS) - S.D.R. is the currency of I.M.F. When I.M.F. gives financial

support to any country, then it will be measured in terms of S.D.R. It is also known as Paper Gold.

WORLD BANK

Establishment- July,1944

Headquarter- Washington, D.C, United States.

Members- 188

Present Chairman- Jim Young Kim

To become member of world bank.one must be the member of I.M.F.

Associate member of world bank:

1. I.B.R.D. (International Bank for Rural Development)

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2. I.D.A. (International Development Association)

3. M.I.G.A. (Multilateral Investment Guarantee Agency)

4. I.F.C. (International Finance Corporation)

5. I.C.S.I.D. (International Centre for Settlement of Investment Dispute)

IDA is also known as Self Loan Window because it gives interest free loans to poor member

countries.

IMPORTANT SUMMITS

1. BRICS summit (Brazil, Russia, India, China, SouthAfrica.):- 5th Summit 2013 : (Durban) South Africa:

6th BRICS Summit 2014: to be held in Fortaleza, Brazil from 1517 July 2014.

Next 7th BRICS Summit to be held in Ufa, Russia

2. BIMSTEC Summit:- 3rd BIMSTEC summit 2014: Nay Pyi Taw (Myanmar)

4th BIMSTEC summit will be held in Nepal.

3. Nuclear security Summit:- 2nd Summit 2012 Seoul, South Korea.

3rd Summit 2014 - Hague, Netherland

4th Summit 2016 - United States

4. G 8 Summit :- 39th Summit 2013: United Kingdom. (Northern Ireland)

G8 Countries: Canada, France, Germany, Italy, Japan, Russia, Britain and the US.

40th G7 summit 2014 held at Brussels.

5. G 20 Summit:- G20 meeting (2014) of Finance ministers and central bank governors held in Sydney (Australia). G20 Leaders Summit (2014) will be held in Brisbane, Queensland Australia, in November 2014. Turkey 2015 China - 2016

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6. SAARC Summit:- 3rd SAARC ministerial meet on poverty alleviation 2013 Kathmandu (Nepal)

18th SAARC Summit 2014 Kathmandu

19th SAARC Summit 2014 Islamabad, Pakistan

7. NATO Summit: NATO Summit 2014 will be held in Britain. (Britain last hosted the summit in 1990, when Margret

Thatcher was Prime Minister).

8. IBSA Summit:- India will host the next summit of IBSA (India, Brazil, South Africa) in New Delhi in 2015.

OTHERS_SUMMITS 18th BASIC Ministerial Meeting held in New Delhi.

BASIC - (Brazil, South Africa, India and China)

Note:

17th Meeting on Climate Change was held in Hanzghou, China

ASEAN foreign-minister-meeting held in Myanmar.

Fifth Indo-US Strategic Dialogue held in New Delhi during which the two sides discussed

transformative initiatives in key areas of security and energy.

3rd India-Africa Summit will be held in New Delhi.

6th International Nuclear Energy Forum ATOMEXPO-2014 held in Moscow.

World Economic Forum 2014: held in Abuja (Nigeria). Bharti Enterprises founder and Chairman Sunil

Bharti Mittal co chair this years edition of the World Economic Forum on Africa.

BOOKS AND AUTHORS

[1] Playing It My Way Sachin Tendulkar [2] Half Girlfriend- Chetan Bhagat

[3] Iqbal: The Life of a Poet, Philosopher and Politician- Zafar Anjum

[4] The Narrow Road to the Deep North- Richard Flanagan

[5] Dark Star: The Loneliness of Being Rajesh Khanna - Gautam Chintamani

[6] Final Test: Exit Sachin Tendulkar- Dilip DSouza [7] Untold Story of the Indian Public Sector Dr. U.D. Choubey

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[8] Empire to Independence- Jai Krishan Kaushik

[9] One Life is Not Enough- Natwar Singh

[10] The Lives of Others- Neel Mukherji

[11] The Vijay Mallya Story- K. Giriprakash

[12] The Accidental Prime Minister: the making and unmaking of Manmohan Singh- Sanjaya

Baru

[13] Crusader or Conspirator? Coalgate and other Truths - PC Parakh

[14] Hard Choices- Hillary Rodham Clinton

[15] The Candidate - Anirudh Bhattacharya.

[16] Arctic Summer- Damon Galgut

[17] A Stamp is Born - C. R. Pakrashi

[18] Anticipating India - The best of national interest- Shekhar Gupta

[19] A Man and a Motorcycle, How Hamid Karzai Came to Power- Bette Dam

[20] Syntheism Creating God in The Internet Age- Alexander Bard.

Other Important Books

1. Book: Crusader or Conspirator? Coalgate and other Truths authored by PC Parakh

2. Book: The Accidental Prime Minister: The Making and Unmaking of Manmohan

Singh authored by Dr. Sanjaya Baru

3. Book: Lal Bahadur Shastri: Lessons in Leadership written by Pavan Choudary

4. Book: Rationalised Roman for Kashmiri written by Dr. R L Bhat

5. Book: Narendra Modi: A Political Biography written by Andy Marino

6. Book: Public Issues Before Parliament written by Vijay Darda

7. Book: The Political Economy of Energy and Growth authored by Sh. Najeeb Jung

8. Book: India at Risk: authored by Jaswant Singh.

9. Book: Water, Peace and War Confronting the Global Water Crisis written by Brahma Chellaney

10. Book: Hard Choices authored by Hillary Rodham Clinton

11. Book: Greater than Bradman: celebrating Sachin, the greatest batsman in Test

history authored by :Rudolph Lambert Fernandez, a Chennaibased author 12. Book: Unbreakable An Autobiography by Mary Kom 13. The Luminaries by: Eleanor Catton. She won the Man Booker Prize 2013

14. Walking With Giants: authored by former Finance Secretary G. Ramachandran

15. I am Malala : authored by Christina Lamb

16. Momentous Times on the 175 years of Times of India. The book is an effort of the Times of

India Group.

17. Victory India A Key to Quality Military Leadership authored by Colonel Vinay B Dalvi (Retd)

18. The Da Vinci Code: Dan Brown

Some Books authored by RBI Governor : Raghuram Rajan Aid and Growth

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Fault Lines

Indias Pattern of Development

The Real Effect of Banking Crises

Controlled Capital Account Liberalization

First in India

_ First newspaper published in India - The Bengal Gazette, The Bengal Gazette was published on January 29,1780.

_ Raja Harishchandra (1913) is the first silent feature film made in India directed by Dadasaheb Phalke

_ Alam Ara is the the first Indian sound film which is directed by Ardeshir Irani.

_ First colour film in Hindi - Kisan Kanya (1937) directed by Ardeshir Irani.

_ The first Indian to win Nobel Prize Rabindra Nath Tagore

_ The first woman to receive Nobel Prize Mother Teresa

_ The first person to receive Nobel Prize in Economics -Amartya Sen

_ The first person to receive Nobel Prize in Physics C.V. Raman

_ The first Indian to receive Bharat Ratna award Dr. Radhakrishnan

_ Indias first person in space Rakesh Sharma

_ The first woman Olympic medal Winner Karnam Malleswari (2000)

_ The first woman Asian Games Gold medal Winner Kamalijit Sandhu

_ The first woman Chief Minister of an Indian State Sucheta Kriplani

_ The first woman to climb Mount Everest Bachendri Pal

Important International Boundary Lines

1. McMahon Line : between India and China

2. Durand Line : Pakistan and Afghanistan

3. Radcliffe Line : India and Pakistan

21


4. 49th Parallel : USA and Canada

5. Alpine Line : Italy and France

6. Oder Niesse Line : Germany and Poland

7. Mannerheim Line : Russia an Finland

8. Maginot Line : France and Germany

9. 38th Parallel : North Korea and South Korea

10. Line of Control : It divides Kashmir between India and Pakistan.

HEADS OF VARIOUS BOARDS

S.NO BOARD DESIGNATION PERSON 1 RAILWAY BOARD CHAIRPERSON ARUNENDRA KUMAR

2 ATOMIC ENERGY REGULATORY CHAIRPERSON SS BAJAJ

3 CBDT CHAIRPERSON ANITA KAPUR

4 COMPANY LAW BOARD CHAIRPERSON DR DESHMUKH

5 SEBI CHAIRPERSON UK SINHA

6 CENTRAL BOARD OF FILM CERTIFICATION CHAIRPERSON LEELA SAMSON

7 CENTRAL SOCIAL WELFARE BOARD CHAIRPERSON DURGABAI DESHMUKH

8 PETROLEUM & NATURAL GAS REGULATORY CHAIRPERSON S. KRISHNAN

9 CENTRAL BOARD OF SECONDARY

EDUCATION

CHAIRPERSON VINEET JOSHI

10 14TH FINANCE COMMISSION CHAIRPERSON Y V REDDY

11 NATIONAL COMMISSION FOR WOMEN CHAIRPERSON LALITHA

KUMARMANGLAM

12 NATIONAL COMMISSION FOR SCHEDULED

CASTES

CHAIRPERSON PL POONIA

13 NATIONAL COMMISSION FOR SCHEDULED

TRIBES

CHAIRPERSON RAMESHWAR ORAON

14 NATIONAL COMMISSION FOR BACKWARD

CLASSES

CHAIRPERSON WANGLA ISHWARAIAH

15 NATIONAL HUMAN RIGHTS COMMISSION CHAIRPERSON KG BALAKRISHNAN

16 UNION PUBLIC SERVICE COMMISSION CHAIRPERSON DEEPAK GUPTA

17 ASSOCHAM PRESIDENT RANA KAPOOR

18 BSNL CHAIRMAN & MD RAJKESH K. UPADHYAY

22


19 GENERAL INSURANCE CHAIRMAN & MD ASHOK KUMAR ROY

20 LIC CHAIRMAN S. K . ROY

21 NABARD CHAIRMAN HARSH KUMAR

BHANWALA

23


Rank of India in Development and other sectors 2014

S. No Index Rank of India

1 Human Development Index 135th Rank

2 Globalization Index 122th Rank

3 Index of Economic Freedom 120th Rank

4 Quality of Life Index 72.6 points

5 Global Competitiveness Index 71th Rank

6 Corruption Perception Index 94th Rank

7 Global Hunger Index 63rd Rank

8 Global Innovation Index 76th Rank

9 Global Peace Index 143rd Rank

10 Global Age Watch Index 73rd Rank

11 Legatum Prosperity Index 106th Rank

12 Global Slavery Index 4th Rank

13 Household Download Index 132nd Rank

14 Human Development Index 135th Rank

15 World Press Freedom Index 140th Rank

16 Happy Planet Index 32nd Rank

17 Environmental Performance Index 155th Rank

18 Social Development Index 102nd Rank

19 Global Retain Development Index 20th Rank

24


List of important organizations and its headquarters

ORGANIZATION HEAD QUARTERS LOCATED

Common Wealth of Nations London

United Nations Childrens Fund (UNICEF) New York

United Nations Population Fund (UNFPA) New York

International Labor Organization (ILO) Geneva

World Health Organization (WHO) Geneva

World Trade Organization (WTO) Geneva

International Court of Justice The Hague

International Telecommunication Union Geneva

World Meteorological Organization Geneva

United Nations Industrial Development

Organization (UNIDO)

Vienna

World Intellectual Property Organization

(WIPO)

Geneva

World Bank Washington, D.C

International Monetary Fund (IMF) Washington, D.C

United Nations Organizations (UNO) New York

International Criminal Police Organization

(Interpol)

Lyon

International Atomic Energy Agency Vienna

International Committee of the Red Cross Geneva

Amnesty International London

International Maritime Organization London

International Civil Aviation Organization

(ICAO)

Montral

World Tourism Organization London

Universal Postal Union Berne

25


17th Asian Games Complete Medals List

Gold Medal Winners:-

Jitu Rai: Mens 50 metre pistol shooting

Indian team: Womens kabaddi

Indian team: Mens hockey

Indian team: Mens kabaddi

Yogeshwar Dutt: Mens freestyle 65 kg wrestling

Sandeep Kumar, Rajat Chauhan, Abhishek Verma: Mens compound team archery

Saurav Ghosal, Harinder Pal Singh Sandhu, Mahesh Mangaonkar, Kumar Kush: Mens team squash

Seema Punia: Womens discus throw athletics

Sania Mirza, Saketh Myneni: Mixed doubles tennis

M.C. Mary Kom: Womens 48-51 kg boxing

Priyanka Panwar, Tintu Luka, Mandeep Kaur, M. Poovamma: Womens 4X400m relay athletics

Silver Medals:-

Abhishek Verma: Mens individual compound archery

Pemba Tamang, Gurpreet Singh, Vijay Kumar: Mens 25m centre fire pistol team shooting

Khushbir Kaur: Womens 20 km race walk athletics

Food and Agriculture Organization Rome

SAARC Katmandu

World Tourism Organization Spain

Transparency International Berlin

International Renewable Energy Agency Abu Dhabi (UAE)

International Standard Organization Geneva

United Nations Educational, Scientific and

Cultural Organizations (UNESCO)

Paris

26


Dipika Pallikal, Joshna Chinappa, Anaka Alankamony: Womens team squash

Saurav Ghosal: Mens singles squash

Tintu Luka: Womens 800m athletics

Saketh Myneni, Sanam Singh: Mens doubles tennis

Bajrang Kumar: Mens freestyle 61 kg wrestling

Vikas Gowda: Mens discus throw athletics

Manju Bala: Womens hammer throw athletics

Bronze Medals:-

Jitu Rai, Samaresh Jung, Prakash Nanjappa: Mens 10 metre air pistol team shooting

Shweta Chaudhary: Womens 10 metre pistol shooting

Abhinav Bindra, Ravi Kumar, Sanjeev Rajput: Mens 10 metre air rifle team shooting

Abhinav Bindra: Mens 10 metre air rifle shooting

Saina Nehwal, PV Sindhu, P.C. Thulasi, Pradnya Gadre, N. Siki Reddy, Ashwini Ponnappa, Tanvi Lad:

Womens team badminton

Rahi Sarnobat, Anisa Sayyed, Heena Sidhu: Womens 25 metre pistol team shooting

Dipika Pallikal: Womens singles squash

Yumnam Sanathoi Devi: Womens sanda -52 kg wushu

Sawarn Singh: Mens single sculls rowing

Kapil Sharma, Ranjit Singh, Bajrang Lal Thakhar, Robin Ulahannan, Sawan Kumar Kalkal, Mohammad

Azad, Maninder Singh, Davinder Singh, Mohammed Ahmed: mens eight rowing

Narendra Grewal: Mens sanda -60 kg wushu

Dushyant Chauhan: Mens lightweight single sculls rowing

Shagun Chowdhary, Shreyasi Singh, Varsha Varman: Womens double trap team shooting

Sandeep Sejwal: Mens 50m breaststroke swimming

Purvasha Sudhir, Surekha Vennam, Trisha Deb: Womens compound team archery

Trisha Deb: Womens individual compound archery

Chain Singh: Mens 50m rifle 3 positions shooting

Vinesh Phogat: Womens freestyle 48 kg wrestling

Yuki Bhambri, Divij Sharan: Mens doubles tennis

Sania Mirza, Prarthana Thombare: Womens double tennis

Geetika Jakhar: Womens freestyle 63 kg wrestling

Lalita Babar: Womens 3,000m steeplechase athletics

Yuki Bhambri: Mens singles tennis

27


M. Poovamma: Womens 400m athletics

Vikas Krishan: Mens 75 kg boxing

Arokia Rajiv: Mens 400m athletics

O.P. Jaisha: Womens 1,500m athletics

Satish Kumar: Mens +91 kg boxing

Inderjeet Singh: Mens shot put athletics

Narsingh Pancham Yadav: Mens freestyle 74 kg wrestling

Naveen Kumar: Mens 3,000m steeplechase athletics

L. Sarita Devi: Womens 57-60 kg boxing

Pooja Rani: 75 kg boxing

Varsha Gautam, Aishwarya Nedunchezhiyan: Womens 29er two person dinghy sailing

India: Womens hockey

Annu Rani: Womens javelin throw athletics

List Of Abbreviations

ABCI - Association of Business Communicators of India

ABCP - Asset Backed Commercial Paper

ACU - Asian Clearing Union

ADB - Asian Development Bank

ADF - Augmented Dicky Fuller

ADR - Asset Development Reserve

ADRs - American Depository Receipts

ADs - Authorised Dealers

AERA - Airport Economic Regulatory Act

AFI - Annual Financial Inspection

AIFI - All India Financial Institution

AIMSCS - Advanced Institute of Mathematics,

Statistics and Computer Science

ALM - Asset Liability Management

AMA - Advanced Measurement Approach

AMFI - Association of Mutual Funds in India

AML - Anti-Money Laundering

AMU - Asian Monetary Unit

ANBC - Adjusted Net Bank Credit

APS - Annual Policy Statement

AS - Accounting Standard

ATM - Automated Teller Machine

BAFT - Bankers Association for Finance & Trade

28


BC - Business Correspondent

BCBS - Basel Committee on Banking Supervision

BCP - Business Continuity Planning

BCSBI - Banking Codes and Standards Board of India

BE - Budget Estimates

BF - Business Facilitator

BFS - Board for Financial Supervision

BFSI - Banking Financial Services and Insurance

BIS - Bank for International Settlements

BMP - Basic Management Programme

BoP - Balance of Payments

BPLR - Benchmark Prime Lending Rate

BPSS - Board for Regulation and Supervision of

Payment and Settlement Systems

BRBNMPL - Bharatiya Reserve Bank Note Mudran Private Limited

BSA - Bilateral Swap Arrangements

BSE - Bombay Stock Exchange, Mumbai

BSR - Basic Statistical Returns

BTC - Bankers Training College

CA - Concurrent Audit

CAB - College of Agricultural Banking

CACP - Commission for Agricultural Costs and Prices

CAD - Current Account Deficit

CAMELS - Capital Adquacy, Asset Quality, Management, Earnings, Liquidity,

Systems and Control

CAS - Central Account Section

CBDT - Central Board of Direct Taxes

CBLO - Collateralised Borrowing and Lending Obligation

CBS - Consolidated Banking Statistics

CBS - Core Banking Solutions

CC - Cubic Capacity

CCB - Central Co-operative Bank

CCC - Central Complaints Committee

CCIL - Clearing Corporation of India Limited

CCR - Counterfeit Currency Report

CCRS - Currency Chest Reporting System

CD - Certificate of Deposit

C-D - Currency-Deposit

CDBMS - Centralised Data Base Management System

CDOs - Collateralised Debt Obligations

CDR - Corporate Debt Restructuring

CDS - Credit Default Swap

CENVAT - Central Value Added Tax

CFMS - Centralised Funds Management System

CFSA - Committee on Financial Sector Assessment

CFT - Combating Financing of Terrorism

CGFTMSE - Credit Guarantee Fund Trust for Micro and Small Enterprises

29


CGRA - Currency & Gold Revaluation Account

CIC - Central Information Commission

CICs - Credit Information Companies

CIS - Commonwealth of Independent States

CMCPS - Compulsorily and Mandatorily

Convertible Preference Shares

CMIS - Currency Management Information System

CoBoSAC - Corporate Bonds and Securitisation Advisory Committee

CODs - Central Office Departments

CoR - Certificate of Registration

CP - Commercial Paper

CPADS - Centralised Public Accounts Department System

CPC - Cheque Processing Centre

CPDO - Centralised Public Debt Office

CPFF - Commercial Paper Funding Facility

CPI - Consumer Price Index

CPI-AL - Consumer Price Index- Agricultural Labourers

CPI-RL - Consumer Price Index- Rural Labourers

CPI-IW - Consumer Price Index for Industrial Workers

CPIO - Central Public Information Officer

CPIs - Consumer Price Indices

CPMG - Corporate Performance Monitoring Group

CPPC - Central Pension Payment Cell

CPSEs - Central Public Sector Enterprises

CR - Contingency Reserve

CRAR - Capital to Risk-Weighted Assets Ratio

CRCS - Central Registar of Co-operative Societies

CRR - Cash Reserve Ratio

CSAA - Control Self Assessment Audit

CSD - Customer Services Department

CSF - Consolidated Sinking Fund

CSGL - Constituant Subsidiary General Ledger

CSO - Central Statistical Organisation

CTR - Cash Transaction Receipt

CTS - Cheque Truncation System

CTS - Complaint Tracking System

CVD - Countervailing Duty

CVPS - Currency Verification and Processing System

CWC - Central Water Commission

DAD - Deposit Accounts Department

DAP - District Agricultural Plan

DAPM - Department of Administration and Personnel Management

DBOD - Department of Banking Operations and Development

DBS - Department of Banking Supervision

DCC - District Consultative Committee

DCCB - District Central Cooperative Bank

DCM - Department of Currency Management

30


DEAP - Department of Economic Analysis and Policy

DEBC - Department of Expenditure and Budgetary Control

DEIO - Department of External Investments and Operations

DEPB - Duty Entitlement Pass Book

DGBA - Department of Government and Bank Accounts

DGCI & S - Directorate General of Commercial Intelligence and Statistics

DIC - District Industries Centre

DICGC - Deposit Insurance and Credit Guarantee Corporation

DIP - Disclosure and Investor Protection

DIT - Department of Information Technology

DMIS - Document Management Information System

DNBS - Department of Non-Banking Supervision

DOC - Department of Communication

DoT - Department of Telecommunication

DRG - Development Research Group

DRI - Differential Rate of Interest

DRT - Debt Recovery Tribunal

DS - Difference Stationary

DSB - Designated Settlement Banks

DSIM - Department of Statistics and Information Management

DvP - Delivery versus Payment

EACB - European Association of Co-operative Banks

EBT - Electronic Benefit Transfer

ECB - European Central Bank

ECBs - External Commercial Borrowings

ECGC - Export Credit Guarantee Corporation

ECR - Export Credit Refinance

ECS - Electronic Clearing Services

EEA - Exchange Equalisation Account

EEFC - Exchange Earners Foreign Currency

EFT - Electronic Funds Transfer

EMEs - Emerging Market Economies

EOU - Export Oriented Unit

EPCG - Export Promotion Capital Goods

ESOS - Employees Stock Option Scheme

EU - European Union

EXIM Bank - Export Import Bank

FAO - Food & Agriculture Organisation

FAQs - Frequently Asked Questions

FATF - Financial Action Task Force

FBT - Fringe Benefit Tax

FC - Financial Conglomerate

FCAs - Foreign Currency Assets

FCCB - Foreign Currency Convertible Bond

FCI - Food Corporation of India

FCNR(B) - Foreign Currency Non-Resident (Banks)

FDI - Foreign Direct Investment

31


FED - Foreign Exchange Department

FEDAI - Foreign Exchange Dealers Association of India

FI - Financial Institutions

FIEO - Federation of Indian Export Organisation

FIIs - Foreign Institutional Investors

FIPB - Foreign Investment Promotion Board

FITL - Funded Interest Term Loan

FIU-IND - Financial Intelligence Unit-India

FLCCs - Financial Literacy and Credit Counseling Centres

FMCG - Fast Moving Consumer Goods

FMD - Financial Markets Department

FOF - Flow of Funds

FPS - Focus Product Scheme

FRBM - Fiscal Responsibility and Budget Management

FRBs - Floating Rate Bonds

FRL - Full Reservoir Level

FRLs - Fiscal Responsibility Legislations

FSB - Financial Stability Board

FSF - Financial Stability Forum

FST - Financial Sector Technology

FVCIs - Foreign Venture Capital Investors

GCC - Gulf Cooperation Council

GCCs - General-purpose Credit Cards

GDP - Gross Domestic Product

GDRs - Global Depository Receipts

GFCE - Government Financial Consumption Expenditure

GFD - Gross Fiscal Deficit

GFSR - Global Financial Stability Report

GIPSA - General Insurers (Public Sector) Association of India

GoI - Government of India

GRF - Guarantee Redemption Fund

GSDP - Gross State Domestic Product

GST - Goods and Services Tax

HFCs - Housing Finance Companies

HLAC - High Level Advisory Committee

HLCCFM - High Level Coordination Committee on Financial Markets

HLG - High Level Group

HR - Human Resources

HRDD - Human Resources Development Department

HRMS - Human Resources Management System

HSUI - Housing Start Up Index

HTM - Held-to-Maturity

IAS - Integrated Accounting Systems

IASC - Inspection and Audit Sub-Committee

IBA - Indian Banks Association

ICAC - International Cotton Advisory Committee

ICAI - Institute of Chartered Accountants of India

32


ICAR - Indian Council for Agricultural Research

ICCOMS - Integrated Computerised Currency

Operations and Management System

ICT - Information and CommunicationTechnology

IDMD - Internal Debt Management Department

IDR - Indian Depository Receipt

IDRBT - Institute for Development & Research in Banking Technology

IEM - Industrial Entrepreneurs Memoranda

IES - Integrated Establishment System

IGIDR - Indira Gandhi Institute of Development Research

IIA - Institute of Internal Auditors

IIBM - Indian Institute of Bank Management

IIFCL - India Infrastructure Finance Company Limited

IIFT - Indian Institute of Foreign Trade

IIP - Index of Industrial Production

ILO - International Labour Organisation

IMA - Internal Models Approach

IMD - India Millennium Deposits

IMD - India Meteorological Department

IMF - International Monetary Fund

IMFC - International Monetary and Financial Committee

IODP - Integrated Officers Development Programmes

IPAs - Issuing and Paying Agents

IPCC - Inter-Govermental Panel on Climate Change

IPCs - Irrevocable Payment Commitments

IPDIs - Innovative Perpetual Debt Instruments

IPOs - Initial Public Offerings

IP-RR - Interest Payment - Revenue Receipt

IRB - Internal Ratings-Based

IRDA - Insurance Regulatory and Development Authority

IRFs - Interest Rate Futures

ISA - Information Systems Audit

ISACA - Information Systems Audit and Control Assessment

ISMS - Information Security Management System

ISO - International Organisation for Standardisation

IT - Information Technology

IT-BPO - Information Technology Business Process Outsourcing

ITEs - Intra-Group Transactions and Exposures

IWMP - Integrated Watershed Management Programme

JLG - Joint Liability Group

JNNURM - Jawaharlal Nehru National Urban Renewal Mission

KCCs - Kisan Credit Cards

KVIBs - Khadi and Village Industries Boards

KVIC - Khadi and Village Industries Commission

KYC - Know Your Customer

LAF - Liquidity Adjustment Facility

LB - Lowest daily outstanding Balance

33


LCD - Liquid Crystal Display

LIBOR - London Inter-Bank Offer Rate

LOI - Letter of Intent

LPA - Long Period Average

MASI - Management Audit Systems Inspection

MAT - Minimum Alternate Tax

MCA - Ministry of Corporate Affairs

MBS - Mortgage Backed Securities

MF - Mutual Funds

MFDEF - Micro Finance Development and Equity Fund

MFDF - Micro Finance Development Fund

MFI - Micro Finance Institution

MICR - Magnetic Ink Character Recognition

MMA - Macro Management of Agriculture

MMBCS - Magnetic Media Based Clearing System

MMMFs - Money Market Mutual Funds

MMS - Multi Modal Settlements

MODVAT - Modified Value Added Tax

MoU - Memorandum of Understanding

MPD - Monetary Policy Department

MPI - Macro-Prudential Indicators

MPLS - Multi Protocol Label Switching

MSE-CDP - Micro and Small Enterprises Cluster Development Programme

MSEs - Micro and Small Enterprises

MSMEs - Micro, Small and Medium Enterprises

MSOE - Minimum Standards of Operational Efficiency

MSP - Minimum Support Price

MSS - Market Stabilisation Scheme

MTM - Mark-to-Market

NAB - New Arrangement to Borrow

NABARD - National Bank for Agriculture and Rural Development

NASSCOM - National Association of Software and Services Companies

NAV - Net Asset Value

NBFCs - Non-Banking Financial Companies

NBFC-D - Deposit taking NBFC

NBFC-ND - Non-deposit taking NBFC

NBFC-ND-SI - Systemically Important Non-deposit taking NBFC

NCR - National Capital Region

NBO - National Building Organisation

NDA - Net Domestic Asset

NDS - Negotiated Dealing Systems

NDS - OM - Negotiated Dealing System Order Matching

NDTL - Net Demand and Time Liability

NECS - National Electronic Clearing System

NEFT - National Electronic Funds Transfer

NFS - National Financial Switch

NFA - Net Foreign Assets

34


NFSM - National Food Security Mission

NGO - Non-Government Organisation

NHB - National Housing Bank

NIBM - National Institute of Bank Management

NIC - National Informatics Centre

NIF - National Investment Fund

NIMSME - National Institute for Micro, Small and Medium Enterprises

NIPFP - National Institute of Public Finance and Policy

NOC - No Objection Certificate

NOF - Net Owned Funds

NPAs - Non-Performing Assets

NPCI - National Payments Corporation of India

NPS - New Pension Scheme

NRAA - National Rain Fed Area Authority

NREGS - National Rural Employment Guarantee Scheme

NR(E)RA - Non-Resident (External) Rupee Account

NRI - Non-Resident Indian

NRRDA - National Rural Road Development Agency

NSE - National Stock Exchange

NSM - Note Sorting Machine

NSSF - National Small Saving Fund

NSSO - National Sample Survey Organisation

OBCs - Other Backward Classs

OBE - Off- Balance Sheet Exposures

OD - Overdraft

OECD - Organisation for Economic Co-operation and Development

ODI - Offshore Derivative Instruments

OLTAS - Online Tax Accounting System

OMO - Open Market Operation

OMS - Open Market Sales

OPEC - Organisation for Petroleum Exporting Countries

ORFS - Online Returns Filing System

OSMOS - Off-Site Monitoring and Surveillance

OTC - Over-the-Counter

OTS - One-Time Settlement

PACS - Primary Agricultural Credit Socity

PAD - Public Accounts Department

PAN - Permanent Account Number

PCA - Prompt Corrective Action

PCPS - Perpetual Cumulative Preference Shares

PDs - Primary Dealers

PDI - Perpetual Debt Instruments

PDO - Public Debt Office

PDO-NDS - Public Debt Office - Negotiated Dealing System

PDS - Public Distribution System

PE - Private Equity

PFCE - Private Final Consumption Expenditure

35


PFRDA - Pension Fund Regulatory and Development Authority

PGPBF - Post Graduate Programme in Banking & Finance

PIT - Personal Income Tax

PMEGP - Prime Minister Employment Generation Programme

PMLA - Prevention of Money Laundering Act

PMRY - Prime Ministers Rojgar Yojana

PNCPs - Perpetual Non-Cumulative Preference Shares

POL - Petroleum, Oil and Lubricants

PPP - Public Private Partnership

PSBs - Public Sector Banks

PSS Act - Payment & Settlement Systems Act

PSUs - Public Sector Undertakings

QCBS - Quality and Cost Based Selection

QIB - Qualified Institutional Buyer

QIP - Qualified Institutional Placement

QMS - Quality Management System

R&D - Research & Development

RBIA - Risk Based Internal Audit

RBSC - Reserve Bank Staff College

RCs - Reconstruction Companies

RCC - Regional Complaints Committee

RCS - Registar of Co-operative Societies

RE - Revised Estimates

REER - Real Effective Exchange Rate

REGP - Rural Employment Generation Programme

RIDF - Rural Infrastructure Development Fund

RKVY - Rashtriya Krishi Vikas Yojana

RNCPS - Redeemable Non-Cumulative Preference Shares

RoA - Return on Assets

ROE - Return on Equity

ROSC - Report on Observance of Standards and Codes

RPCD - Rural Planning and Credit Department

RRBs - Regional Rural Banks

RTGS - Real Time Gross Settlement

RTI - Right to Information

RTP - Reserve Tranche Position

SAARC - South Asian Association for Regional Co-operation

SACPs - Special Agricultural Credit Plans

SAD - Single Administrative Document

SDDS - Special Data Dissemination Standards

SAMIS - Service Area Monitoring and Information System

SAP - State Agricultural Plan

SARFAESI - Securitisation and Reconstruction of Financial Assets and Enforcement of Security

Interest

SBI - State Bank of India

SC - Scheduled Caste

SCs - Securitisation Companies

36


SCB - Scheduled Commercial Bank

SDLs - State Development Loans

SDR - Special Drawing Rights

SEBI - Securities and Exchange Board of India

SEZs - Special Economic Zones

SFCs - State Finance Corporations

SFMS - Structured Financial Messaging System

SFURTI - Scheme for Fund for Regeneration of Traditional Industries

SGL - Subsidiary General Ledger

SHGs - Self-Help Groups

SIDBI - Small Industries Development Bank of India

SIFI - Systemically Important Financial Intermediaries

SIPS - Systemically Important Payment System

SITP - Scheme for Integrated Textile Parks

SIVs - Structured Investment Vehicles

SLAF - Second Liquidity Adjustment Facility

SLA(IC) - Sundry Liabilities Account (Interest Capitalisation)

SLB - Securities Lending and Borrowing

SLBC - State Level Bankers Committee

SLR - Statutory Liquidity Ratio

SMEs - Small and Medium Enterprises

SMO - Special Market Operations

SPMCIL - Security Printing and Minting Corporation of India Ltd.

SPV - Special Purpose Vehicle

SREP - Supervisory Review and Evaluation Process

SRMS - Self Employment Scheme for Rehabilitation of Manual Scavangers

SSS - Securities Settlement System

ST - Scheduled Tribe

StCB - State Co-operative Bank

STCRC - Short-Term Co-operative Rural Credit

STOs - State Treasury Offices

STR - Suspicious Transaction Report

STRIPS - Separate Trading for Registered Interest and Principal of Securities

TAC - Technical Advisory Committee

TAFCUBs - Task Force for Urban Co-operative Banks

TAG - Technical Advisory Group

TALF - Term Asset-Backed Securities Loan Facility

TFC - Twelfth Finance Commission

TFCI - Tourism Finance Corporation of India

TFP - Total Factor Productivity

TFTS - Trade for Trade Settlement

TIN - Tax Information Network

TMSM - Training Methods and Skills for Managers

TMT - Thermo Mechanically Treated

ToRs - Terms of References

TS - Trend Stationary

TUFS - Technology Upgraded Fund Scheme

37


UBD - Urban Banks Department

UCBs - Urban Cooperative Banks

UCNs - Uniform Code Numbers

UNDP - United Nations Development Programme

UNICO - Umbrella Organisation for Large Cooperative Banks in Europe

UNDP - United Nations Development Programme

UNIDO - United Nations Industrial Development Organisation

UNME - Urban Non-Manual Employees

UTs - Union Territories

VAR - Vector Autoregression

VaR - Value at Risk

VKGUY - Vishesh Krishi Gram Udyog Yojana

VPN - Virtual Private Network

WADR - Weighted Average Discount Rate

WEO - World Economic Outlook

WMA - Ways and Means Advances

WPI - Wholesale Price Index

WSS - Weekly Statistical Supplement

WTO - World Trade Organisation

XBRL - eXtensible Business Reporting Language

XML - Extensible Markup Language

Y-o-Y - Year-on-Year

ZTC - Zonal Training Centre

List of Important Countries with their Capital and Currency

COUNTRY CAPITAL CURRENCY

AFGANISTAN KABUL AFGANI

ARGENTINA BUENOS AIRES ARGENTINE PESO

AUSTRALIA CANBERRA AUSTRALIAN DOLLAR

BANGLADESH DHAKA TAKA

BHUTAN TRIMPHU NGULTRUM

BRAZIL BRASILIA REAL

38


CANADA OTTAWA CANADIAN DOLLAR

CHINA BEIJING CHINESE YUAN

CUBA HAVANA CUBAN PESO

DENMARK COPENHAGEN DANISH KRONE

EGYPT CAIRO EGYPTIAN POUND

FRANCE PARIS EURO,CFP FRANC

GERMANY BERLIN EURO

GREECE ATHENS EURO

HAITI PORT-AU-PRINCE GOURDE

INDIA NEW DELHI INDIAN RUPEE

INDONESIA JAKARTA RUPIAH

IRAN TEHRAN RIAL

IRAQ BAGHDAD IRAQI DINAR

ITALY ROME EURO

JAPAN TOKYO YEN

KENYA NAIROBI KENYAN SHILLING

NORTH KOREA PYONGYANG NORTH KOREAN WON

SOUTH KOREA SEOUL SOUTH KOREAN WON

LIBYA TRIPOLI LIBYAN DINAR

MALAYSIA KUALA LUMPUR RINGGIT

MALDIVES MALE MALDIVIAN RUFIYAA

MAURITIUS PORT LOUIS MAURITIAN RUPEE

MEXICO MEXICO CITY MEXICAN PESO

39


MYANMAR NYPYIDAW KYAT

NEPAL KATHMANDU NEPALESE RUPEE

NETHERSLANDS AMSTERDAM,THE HAGUE EURO

NEW ZEALAND WELLINGTON NEW ZEALAND DOLLAR

OMAN MUSCAT OMANI RIAL

PAKISTAN ISLAMABAD PAKISTANI RUPEE

PARAGUAY ASUNCION GUARANI

QATAR DOHA QATARI RIYAL

RUSSIA MOSCOW RUBLE

SAUDI ARABIA RIYADH SAUDI RIYAL

SEYCHELLES VICTORIA SEYCHOELLOIS RUPEE

SINGAPORE SINGAPORE SINGAPORE DOLLAR

SOUTH AFRICA PRETORIA,CAPE

TOWN, BLOEMFONTEIN

RAND

SPAIN MADRID EURO

SRI LANKA COLOMBO SRI LANKAN RUPEES

SWITZERLAND BERNE SWISS FRANC

SYRIA DAMASCUS SYRIAN POUND

TRINADAD AND TOBAGO PORT-OF-SPAIN TRINADAD AND TOBAGO DOLLAR

THAILAND BANGKOK THAI BHAT

UAE ABU DHABI DIRHAM

UK LONDON POUND STERLING

USA WASHINGTON DC US DOLLAR

40


Important Days

JANUARY

January 9 -NRI Day

January 10 -World Laughter Day

January 12 -National Youth Day

January 15 -Army Day

January 26 -India's Republic Day, International Customs Day

January 30 -Martyrs' Day; World Leprosy Eradication Day

FEBRUARY

2nd Sunday of February- World Marriage Day

February 24 -Central Excise Day

February 28 -National Science Day

MARCH

Second Monday March -Commonwealth Day

March 8 -International Women's Day; Intl. literacy Day

March 15 -World Disabled Day; World Consumer Rights Day

March 18 -Ordnance Factories Day (India)

March 21 -World Forestry Day; International Day for the Elimination of Racial Discrimination

March 22 -World Day for Water

March 23 -World Meteorological Day

March 24 -World TB Day

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APRIL

April 5 -International Day for Mine Awareness; National Maritime Day

April 7 -World Health Day

April 17 -World Haemophilia Day

April 18 -World Heritage Day

April 21 -Secretaries' Day

April 22 -Earth Day

April 23 -World Book and Copyright Day

MAY

May 1 -Workers' Day (International Labour Day)

May 3 -Press Freedom Day; World Asthma Day

May 2nd Sunday -Mother's Day

May 4 -Coal Miners' Day

May 8 -World Red Cross Day

May 9 -World Thalassaemia Day

May 11 -National Technology Day

May 12 -World Hypertension Day; International Nurses Day

May 15 -International Day of the Family

May 17 -World Telecommunication Day

May 24 -Commonwealth Day

May 31 -Anti-tobacco Day

JUNE

June 4 -International Day of Innocent Children Victims of Aggression

June 5 -World Environment Day

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June 3rd Sunday -Father's Day

June 14 World Blood Donor Day

June 26 -International Day against Drug Abuse and Illicit Trafficking

JULY

July 1 -Doctor's Day

July 6 -World Zoonoses Day

July 11 -World Population Day

AUGUST

August 3- Internatioal Friendship Day

August 6 -Hiroshima Day

August 8 -World Senior Citizen's Day

August 9 -Quit India Day, Nagasaki Day

August 15 -Indian Independence Day

August 18- IntI. Day of the World's Indigenous Peoples

August 19- Photography Day

August 29- National Sports Day

SEPTEMBER

September 2 -Coconut Day

September 5-Teachers' Day; Sanskrit Day

September 8 -World Literacy Day (UNESCO)

September 15 -Engineers' Day

September 16 -World Ozone Day

September 21 -Alzheimer's Day; Day for Peace & Non-violence (UN)

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September 22 -Rose Day (Welfare of cancer patients)

September 26 -Day of the Deaf

September 27 -World Tourism Day

OCTOBER

October 1 -International Day for the Elderly

October 2 -Gandhi Jayanthi

October 3 -World Habitat Day

October 4 -World Animal Welfare Day

October 8 -Indian Air Force Day

October 9 -World Post Office Day

October 10 -National Post Day

October 2nd Thursday -World Sight Day

October 13 -UN International Day for Natural Disaster Reduction

October 14 -World Standards Day

October 15 -World White Cane Day (guiding the blind)

October 16 -World Food Day

October 24 -UN Day; World Development Information Day

October 30 -World Thrift Day

NOVEMBER

November 9 -Legal Services Day

November 14 -Children's Day; Diabetes Day

November 17 -National Epilepsy Day

November 20 -Africa Industrialisation Day

November 29 -International Day of Solidarity with Palestinian People

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DECEMBER

December 1 -World AIDS Day

December 3 -World Day of the Handicapped

December 4-Indian Navy Day

December 7 -Indian Armed Forces Flag Day

December 10 -Human Rights Day; IntI. Children's Day of Broadcasting

December 18 -Minorities Rights Day (India)

December 23 -Kisan Divas (Farmer's Day) (India)

Important Sports Venue OLYMPICS

2014 winter - Sochi (Russia)

2014 paralympics - Sochi (Russia)

2016 summer - Rio de jenerio (Brazil)

2016 paralympics - Rio de jenerio (Brazil)

2018 winter - Pyeongchang (South Korea)

2020 summer - Tokyo (Japan)

COMMONWEALTH GAMES

2014 - Glasgow (Scotland)

2018 - Gold Coast (Australia)

FOOTBALL

2014 FIFA World cup - Brazil

2016 euro cup - France

2018 FIFA World cup- Russia

2022 FIFA World cup - Qatar

( brand ambassador of FIFA world cup 2014 - Pele.)

(mascot of 2014 FIFA World cup - Fuleco the Armadillo

ASIAN GAMES

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2014 - Incheon (South Korea)

2019 - Hanoi (Vietnam)

NATIONAL GAMES

2014- 35TH National Games - Kerala

( Mascot of 35th national games - Great Hornbill)

CRICKET

ICCWorld Test Championship Host Countries :

2017 London (1st)

2021 India (2nd)

ICCMens ODI World Cup Host Countries :

2015 New Zealand & Australia

2019 England

2023 India

ICCMens T 20World Cup Host Countries :

2014 Bangladesh

2016 India

2018 Australia

ICCWomens ODIWorld Cup Host Countries :

2017 England

2021 New Zealand

ICCWomens T20World Cup Host Countries :

2014 Bangladesh

2018 West Indies

2022 South Africa

U 19World Cup :

2016 Bangladesh

2018 New Zealand

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2020 South Africa

2022 West Indies

Important Facts about Insurance Companies

Life Insurance in its modern form came to India from England in the year 1818.

Oriental Life Insurance Company started by Europeans in Calcutta was the first Life Insurance Company on Indian Soil.

Bombay Mutual Life Assurance Society heralded the birth of first Indian life Insurance Company in the year 1870.

Bharat Insurance Company (1896) was also one of such companies inspired by nationalism.

The Swadeshi Movement of 1905-1907 gave rise to more insurance companies. The United India in Madras, National Indian and National Insurance in Calcutta and the Cooperative Assurance at Lahore were established in 1906.

In 1907, Hindustan Cooperative Insurance Company took its birth in one of the rooms of the Jorasanko, house of the great poet Rabindranath Tagore, in Calcutta.

The Indian Mercantile, General Assurance and Swadeshi Life (later Bombay Life) were some of the companies established during the same period.

The Life Insurance Companies Act, 1912 made it necessary that the premium rate tables and periodical valuations of companies should be certified by an actuary. But the Act discriminated between foreign and Indian companies on many accounts, putting the Indian companies at a disadvantage.

INFLATION

Description of inflation

Inflation: A general and sustained rise in the price levels of goods and services for a given period. Inflation can be described as a decline in the real value of moneya loss of purchasing power in the medium of exchange. When the general price level rises, each unit of currency buys fewer goods and services.

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In simple terms, inflation is a situation where too much money chases too few goods .

Characteristics:

o It is a continuous process. o It refers to a rise in prices in general. o It involves a considerable increase in prices. o It causes a decline in the purchasing power of money

Causes of inflation

Increase in the money supply.

Increase in the input costs.

Market failure.

Imported inflation.

Weaker exchange rate.

Decline in productivity.

Trade unions.

Measures to combat inflation

Fiscal measures:

Increase direct taxes.

Increase indirect taxes.

Reduce government spending.

Introduce measures to increase productivity, e.g. tax rebates

Monetary measures:

Increase interest rates of banks.

Decrease money supply.

Decrease availability of credit from banks.

Decrease currency control.

Few descriptions of this measure::

~BANK RATE POLICY

The increase in bank rate increases the cost of borrowing which reduces commercial banks borrowing from the central bank. Consequently, the flow of

48


money from the commercial banks to the public gets reduced. Therefore, inflation is controlled to the extent it is caused by the bank credit.

~Cash Reserve Ratio

the central bank raises the CRR which reduces the lending capacity of the commercial banks. Consequently, flow of money from commercial banks to public decreases. In the process, it halts the rise in prices to the extent it is caused by banks credits to the public.

~Open Market Operations:

Open market operations refer to sale and purchase of government securities and bonds by the central bank. To control inflation, central bank sells the government securities to the public through the banks. This results in transfer of a part of bank deposits to central bank account and reduces credit creation capacity of the commercial banks.

Stagflation

A country persistently suffers from high inflation and high unemployment.

Hyperinflation

Extremely rapid and substantial changes in the overall level of prices

Demand-pull inflation:

inflation caused by increases in aggregate demand due to increased private and government spending, etc. Demand inflation is constructive to a faster rate of economic growth since the excess demand and favourable market conditions will stimulate investment and expansion.

Cost-push inflation:

also called "supply shock inflation," caused by drops in aggregate supply due to increased prices of inputs, for example. Take for instance a sudden decrease in

49


the supply of oil, which would increase oil prices. Producers for whom oil is a part of their costs could then pass this on to consumers in the form of increased prices.

Deflation:

Deflation is the reverse of inflation. It refers to a sustained decline in the price level of goods and services. It occurs when the annual inflation rate falls below zero percent (a negative inflation rate), resulting in an increase in the real value of money.

Interview Preparation

For SCIENCE background 1. Why does cycle tube burst in summer?

2. What is under table water?

3. What is the formula of (A+B)cube?

4. Why does sky look blue?

5. What is hard and soft water?

6. What is Doppler's effect?

7.What is Pascal's law?

8. What is Archimedes Principle?

9. What is Snell's law?

10. Is there any vain which carries impure blood?

11. What is colour blindness?

12. What is Newton's I,II,III Law?

13. What is Charle's Law?

14. What is Conduction, Convection and Radiation?

15. What is Coulomn's law of Electricity?

16. Is there any use of science in bank?

17. What is Raman's Effect?

18. What is colour blindness?

19. What is Specific heat?

20. The winner of Nobel Prize in Physics, Chemistry and Medicine?

For COMMERCE background

50


1. What are the principles of Book keeping?

2. What is balance sheet? How does a balance sheet help us to know the economic condition of the

company?

3. What is the difference between CA and ICWA?

4. What are accounting ratios?

5. What is the use of ratios in balance sheet of a bank?

6. What is Acid Test ratio?

7. What is Accounting?

8. Difference between Double entry system and Single entry system?

9. What are Direct and Indirect tax? With example.

10. What is Capital Gain?

11. Current year assessment?

12. Difference between Public limited company and Private limited company?

13. What are prepaid expenses and Outstanding expenses?

14. What is Value Added Tax?

15. What is break even point?

16. What is Capitalization?

17. What is Wages inward and Outward?

18. What is Bank Reconciliation System?

19. What is the use of Trail Balance?

20. What is Fund Flow?

21. What is Cash Flow?

22. What is Working Capital?

23. Errors which are not disclosed in Trial balance?

24. What is Real Account?

25. What is Short Working?

For MANAGEMENT background 1. What is Motivation?

2. What is Corporate Social Responsibility?

3. What is Branding?

4. Who is the founder of Management?

5. What is Scientific Management?

6. What is Marketing?

7. What is Management?

8. What is Product Mix?

9. What is Marketing?

10. What are the 4P's in Marketing?

11. Use of Marketing in bank?

12. What are the leadership qualities?

13. What is Marketing Mix?

14. What is a Portfolio?

15. What do you mean by Security Analysis

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Last 6 Months Sports News

1. Pankaj Advani won World Billiards Point Format Championship

2. Terry Walsh resigned as Chief Coach of Indian Hockey Team

3. Cricketer Suresh Raina become co-owner of HIL franchis team Uttar Pradesh Wizards

4. Saina Nehwal and Kidambi Srikanth won China open singles title of Badminton

5. Serbian tennis player Novak Djokovic won ATP World Tour Finals

6. ICC announced Ambassadors for ICC Cricketer World Cup 2015, Indias Kohli is among

5 cricketers

7. Salgaocar FC won Durand Cup 2014

8. Virat Kohli became fastest cricketer to reach 6000 ODI runs

9. Cristiano Ronaldo received 2013-14 European Golden Boot award

10. Angelo Mathews named as captain of the ICC Test Team of the year

11. Mahendra Singh Dhoni named as captain of ICC ODI Team of the year 2014

12. Bhuvaneshwar Kumar won LG peoples Choice Awards

13. Narinder Batra became a member of FIH Executive Board

14. Pankaj Advani won IBSF World Billiards Championship in Bangalore

15. Sachin Tendulkar and Steve Waugh inducted into Don Bradman Hall of Fame

16. Serena Williams won the singles title of BNP Paribas WTA Finals Singapore 2014

17. Indian Golfer Anirban Lahiri won Venetian Macau Golf Open

18. Sania Mirza and Cara Black won doubles title of the BNP Paribas WTA Finals

Singapore

19. Luis Suarez received European Golden Boot Award 2014

20. India won Sultan of Johor Cup Under-21 Hockey title

21. Paralympic Games to be held in India in February 2015

22. Mary Kom voted as Indias Most Valuable Player in Asian Games 2014

23. Ajay Jayaram won Dutch Open Grand Prix badminton tournament

24. RCA removed former IPL Commissioner Lalit Modi as its President

25. Roger Federer won Shanghai Masters trophy of Tennis

26. ICC banned Zimbabwe bowler Prosper Utseya and Bangladeshi bowler Sohag Gazi for

illegal action

27. 17th

Asian Games Incheon 2014 held in South Korea

28. MS Dhoni became ISL team CHennaiyin co-owner

29. Chitresh Tatha is the Youngest Sailor at the Asian games 2014

30. Abishek Bachchans Jaipur Pink Panthers won Pro Kabaddi title

31. MC Mary Kom bagged her first Asian Games Gold Medal

32. Leander Paes and Marcin Matkowski won Malaysian Open doubles title of tennis

33. Kuala Lumpur to host ICC World Cricket Division 3

34. BCCI extended tenure of Ravi Shastri as team India Director till 2015 World Cup

35. Marvan Atapattu appointed as head coach of Sri Lankan cricket team

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36. Sardar Singh became Indias flag bearer at 17th Asian Games Opening

37. USA won FIBA Basketball World Cup 2014 by defeating Serbia

38. HS Prannoy won Indonesian masters title

39. Chitresh Tatha is the youngest Sailor at the Asian Games 2014

40. Pakistans Saeed Ajmal has been suspended by ICC for illegal bowling action

41. Mike and Bob Bryan won 5th

U.S> Tennis Open Mens double title

42. Marin Cilic won Mens Singles title of US open

43. Harika Dronavalli won bronze in women grand prix chess

44. Serena Williams won 3rd

consecutive US Open

45. Sania Mirza & Brazillian teammate Bruno Soares won Mixed Doubles trophy of US

Open

46. Sudhakar Jayant won gold medal at IWF World Masters Weightlifting

Championships

47. Ritu Rani to lead Indian Womens Hockey team in Asian Games 2014

48. Carolina Marin became the first Spaniard to win World Badminton Championship

49. Jaipur Pink Panthers won the inaugural title of Pro Kabaddi League

50. Weightlifter Ragala Venkat Rahul won first medal for India at 2nd

Youth Olympics

51. Hockey Madhya Pradesh became 23rd

Associate Member of Hockey India

52. Dutch Teenager Max Verstappen to become youngest Formula One driver

53. Adille Sumariwala appointed as the Chef-de-Mission for 2014 Asian Games

54. Ravi Shastri appointed as the Director of Indian Cricket Team

55. Roger Federer won Cincinnati Tennis Open

56. Kush Kumar became first Indian player to reach semi final of World Junior Squash

Championship

57. Jo Pavey of Great Britain became oldest-ever woman to win Goldin European

Championships

58. Real Madrid won UEFA Super Cup in Cardiff

59. Miroslav Klose of Germany announced retirement from International Football

60. R Ashwin ranked no.1 Test all-rounder in ICC test team rankings

61. Former Hockey Captain Ajitpal Singh to head Dronacharya Award Selection Committe

62. Kapil Dev to head Arjuna Awards Selection Committee

63. Xavi, the Spanish midfielder retired from International football

64. P Kashyap became third Indian to win Gold medal in Badminton at Commonwealth

Games

65. India won 64 Medals in Glasgow Commonwealth Games

66. Vikas Gowda of Karnataka won gold medal in mens athletics

67. Dipa Karmakar became first Indian Woman gymnast to win medal on Commonwealth

Games

68. Abhinav Bindra won Gold medal in Mens 10m Air Rifle at the 2014 Common wealth

games

69. Weightlifters Sukhen Dey & K Sanjith Chanu won Gold Medal on day 1 of

Commonwealth Games 2014

70. India tennis star Sania Mirza appointed as Brand Ambassador of Telangana

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71. Mercedes driver Nico Rosberg won 2014 German Grand Prix

72. Irishman Rory Mcllroy won British Golf open 2014

73. Rahul Dravid elected as member of Laureus World Sports Academy

74. 127th

edition of Durand Cup football tournament to be held in Goa in October 2014

75. Sim Bhullar became first Indian-origin basketball player to join NBA

76. Germany won the 2014 FIFA Football World Cup beating Argentina 1-0

77. Sania Mirza ranked career-best fifth in WTA doubles rankings

78. Knitova won the Womens Wimbledon Tennis Open

79. Novak Djokovic won the Mens Wimbledon Tennis Open defeating Roger Federer

80. Indian pistol shooter Jitu Rai ranked No. 1 in the world

81. Saina Nehwal won Australian Open Super Series title

Last 6 Month Banking News

1. ICICI bank launches co-branded card with Delhi metro

2. SBI, HDFC Bank, PNB and others to secure ATMs by live CCTV monitoring

3. From talking ATMs to magnifying glasses at branches for physically and visually

challenged customers

4. ICICI bank launches iMobile app for Windows phone

5. Shareholders approved the re-appointment of Rana Kapoor as managing director and

CEO

6. 18 PSU banks failed to meet FY14 target of setting ATMs

7. IDFC Bank which recently bagged a commercial banking license, plans to start bank

operations by October next year

8. Kotak Mahindra bank set up ATMs at Mumbai Metro Stations

9. ICICI Bank overtakes HDFC Bank as top private bank employer

10. Syndicate Bank, Bol, BoB, others give Rs 1,157 crores for Narendra Modis dream

financial hub project in Gujarat

11. K Venkataraman re-appointed as MD & CEO of Karur Vysya Bank

12. IndusInd Bank launches Video Branch Service for Customers

13. Rajiv Lall to be IDFC Bank Managing Director and CEO

14. Maharashtra cabinet approves Rs 231 Crore to strengthen small banks

15. RBI cancels licenses of Six Delhi-based NBFCs (Non-Banking Financial Companies

(NBFCs)

16. Exim bank wants RBI to hike its leverage ration by 50

17. Government asks IDBI Bank, United Bank of India to plan merger

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