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Sunday, November 24, 2013

Daily Current Affairs: 23 November 2013

Daily Current Affairs: 23 November 2013
1) Dhanush missile successfully test-fired: India successfully test-fired its nuclear-capable Dhanush ballistic missile from a naval ship off the Odisha coast on Saturday. The surface-to-surface Dhanush, a naval variant of India’s indigenously developed ‘Prithvi’ missile, was test-fired at around 11.10 a.m. from a location in the Bay of Bengal by the SFC of the defence force. The Dhanush missile is capable of carrying a conventional as well as a nuclear payload of 500 to 1,000 kg and can hit both land and sea-based targets.The single-stage, liquid-propelled Dhanush has been inducted into the armed services and is one of the five missiles developed by the Defence Research and Development Organisation (DRDO) under the Integrated Guided Missile Development Programme (IGMDP), defence sources said.

2) Twitter toughens encryption to thwart online snooping: Twitter announced it has toughened the encryption of traffic at the globally popular one-to-many messaging service to thwart online snooping. Twitter followed in the footsteps of Google and Facebook, adding a layer of security called Perfect Forward Secrecy to protect data that users would like kept from prying eyes.

3) Grace Koshie appointed woman director in Federal Bank: Grace Elizabeth Koshie today joined the Board of Federal Bank as the first lady Director in the Kerala headquartered lender. The bank becomes one of the few listed companies which had complied with the latest regulatory directions in the Companies Act, 2013, which requires a lady Director to be on the Board of Directors. Grace Koshie has also held charge of the Foreign Exchange Department in RBI Central Office from 2001—2004 and had also served as RBI nominee Director on the Boards of Dena Bank and Corporation Bank.

4)  Six lose life following widespread rain in AP:  In its latest status update on cyclone Helen, the Andhra Pradesh Revenue Department accounted for six deaths due to the rains. While two persons are reported to have died in Krishna district, two others have died in East Godavari and one each in Srikakulam and West Godavari districts.

5) Bring FB, Twitter under ambit of Indian law: IB chief- Intelligence Bureau chief Syed Asif Ibrahim on Saturday conceded that Indian security agencies were handicapped by technical and procedural constraints in regulating malicious content on the internet, and favoured foreign content providers to be brought within the ambit of Indian laws.

6) INS Vikrant to be commissioned by 2017: Naval chief- India's first indigenous Aircraft carrier INS Vikrant, being built at public sector Cochin Shipyard Limited and formally launched in August this year, would be commissioned by 2017, chief of Naval Staff Admiral D K Joshi, said.

7) Ashes First Test (Aus vs Eng): David Warner and Michael Clarke scored dominant centuries to put Australia firmly in control of the first Ashes Test on Saturday and leave England needing an unlikely 537 for victory at the end of Day three at the Gabba.

8) China Set up Air Defence Zone over East China Sea: China on 23 November 2013 announced that it was set up an Air Defence Identification Zone over an area in the East China Sea. The Zone includes Senkaku islands that are controlled by Japan but claimed by China.


9) Justice Ajit Prakash Shah appointed as Chairman of Law Commission of India: Union Government on 22 November 2013 appointed Justice Ajit Prakash Shah as the new Chairman of the 20th Law Commission of India. Justice Ajit Prakash Shah succeeded Justice D. K. Jain who resigned in October 2013 to take over as the President of National Consumer Disputes Redressal Commission.

Saturday, November 23, 2013

IBPS Clerk 2013: Expected Economy/Banking Current Affairs Questions- Part 15

IBPS Clerk 2013: Expected Economy/Banking Current Affairs Questions- Part 15

Friends..150 Expected questions so far covered and still counting...



1) The RBI has increased Repo rate by 25 bps to _______ during its monetary policy review meet in October 2013.
(A) 7.25%
(B) 7.75%
(C) 7%
(D) 6.75%
Ans. (B) 7.75%

2) Who has been appointed as the new Chairman and Managing Director of India Infrastructure Finance Company (IIFC) Ltd in Oct 2013?
(A) SB Nayar
(B) S Varadarajan
(C) R K Singhon
(D) B Ashok
Ans. (A) SB Nayar

3) Which Internet company image-recognition startup LookFlow, which will bring image-recognition technology to its Flickr service for sharing photos in Oct 2013?
(A) Yahoo
(B) Google
(C) Microsoft
(D) Facebook
Ans. (A) Yahoo

4) A CBI court sentenced former Chairman and Managing Director of _________, M Gopalakrishnan and four others to one year imprisonment for defrauding various branches of the bank in Oct 2013.
(A) Indian Bank
(B) Canara Bank
(C) Dena Bank
(D) Bank of Baroda
Ans. (A) Indian Bank

5) India was ranked at which place in the ease of doing business list according to the annual Doing Business report released on 29 October 2013 by World Bank and International Finance Corporation (IFC)?
Ans. 134th

6) The Reserve Bank of India has constituted a GIRO Advisory Group (GAG) to implement a national Indian Bill Payment System in Oct 2013. This will be headed by ________.
(A) Arvind Mayaram
(B) Bimal Jalan
(C) Umesh Bellur
(D) B. Sambamurthy
Ans. (C) Umesh Bellur

7) Reserve Bank of India on 29 October 2013 allowed the commercial banks to revise the periodicity of interest payments thus enabling savings bank account and term deposit holders to earn interest at shorter intervals. What is the present interval at which interests are paid?
Ans. Quarterly intervals

8) Which famous bollywood actor has been named the brand ambassador for India’s leading lighting and consumer electronics company, Philips in Oct 2013?
(A) Salman Khan
(B) Shahrukh Khan
(C) Ranbir Kapoor
(D) Amitabh Bachchan
Ans. (C) Ranbir Kapoor

9) The Australian Trade Commission (Austrade) and which Indian Private bank have entered into a memorandum of understanding (MoU) in Oct 2013 to explore avenues for mutually beneficial knowledge sharing in food processing and agricultural sectors?
(A) YES Bank
(B) ICICI Bank
(C) HDFC Bank
(D) Axis Bank
Ans. (A) YES Bank

10) Name the new scheme, approved by Cabinet Committee on Economic Affairs on 30 October 2013, with a total cost of 500 crore rupees during the 12th Five Year Plan and to establish four to six brown field projects and three to five green field projects addressing the environmental issues faced by Textile Processing Units?
Ans. Integrated Processing Development Scheme (IPDS)
View other parts of this Question Series: Click Here
Complete Current Affairs  October 2013 PDF>>CLICK HERE
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IBPS Clerk 2013: Expected Economy/Banking Current Affairs Questions- Part 14

IBPS Clerk 2013: Expected Economy/Banking Current Affairs Questions- Part 14

Friends...here is Part 1of Expected Economy/Banking Current Affairs Questions. So far we covered 140 Questions.. and some more questions remaining. After that PDF file including all questions will be uploaded.



1) Which PSU bank has signed a MoU with industry body CII to facilitate cheaper credit access to micro, small and medium enterprises in oct 2013?
(A) Punjab National Bank
(B) Canara Bank
(C) Dena Bank
(D) Bank of Baroda
Ans. (B) Canara Bank

2) Union Government of India has appointed whom as the Chairperson of the Central Electricity Regulatory Commission (CERC) in Oct 2013?
(A) Gauri Kumar
(B) Jaimini Bhagwati
(C) Arunendra Kumar
(D) Gireesh B. Pradhan
Ans. (D) Gireesh B. Pradhan

3) Which bank in Indonesia marked its re-entry into India after five years by opening a branch in Mumbai in Oct 2013?
(A) Bank Internasional Indonesia
(B) Bank Maspion Indonesia
(C) Bank Negara Indonesia
(D) Bank UOB Indonesia
Ans. (A) Bank Internasional Indonesia

4) Which global mining giant has confirmed that it was pulling out of nine oil and gas exploration projects in India in Oct 2013 due to their inability to carry out exploration operations in these blocks because of bureaucratic hurdles and disagreements with the Government.
(A)  BHP Billiton
(B) ALCOA
(C) Rio Tinto
(D) None of These
Ans. (A)  BHP Billiton

5) Who has been appointed as the Managing Director and CEO of Philips Electronics India Ltd in Oct 2013?
(A) Deepak Mehrotra
(B) Rajeev Chopra
(C) Amit Laroya
(D) A. Krishnakumar
Ans. (D) A. Krishnakumar

6) Committee headed by whom, appointed to probe illegal mining across the country, has submitted its third and final report which is mainly on the menace in Goa in Oct 2013?
(A) Tarun Chaterjee
(B) M B Shah
(C) Lakshmi Kanta Mohapatra
(D) A.P. Shah
Ans. (B) M B Shah

7) The RBI has increased Reverse Repo rate by 25 bps to _______ during its monetary policy review meet in October 2013.
(A) 7%
(B) 7.75%
(C) 7.25%
(D) 6.75%
Ans. (D) 6.75%

8) An expert panel headed by whom suggested in Oct 2013 that diesel prices should be hiked by a steep Rs 5 per litre, kerosene by Rs 4 a litre and cooking gas (LPG) rates by Rs 250 per cylinder immediately?
(A) Kirit S Parikh
(B) Mukul Mudgal
(C) Arvind Mayaram
(D) Asha Tiwari
Ans. (A) Kirit S Parikh

9) As per recent World Bank study published in Oct 2013, It is easiest to start a business in ______ within India.
(A) Hyderabad
(B) Bangalore
(C) New Delhi
(D) Mumbai
Ans. (C) New Delhi

10) Which Indian IT Services Company has paid USD 34 million to settle a civil lawsuit from the US government over allegations it misused visas in Oct 2013?
(A) HCL Technologies
(B) TCS
(C) Wipro
(D) Infosys
Ans. (D) Infosys
View other parts of this Question Series: Click Here
Complete Current Affairs  October 2013 PDF>>CLICK HERE
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Kollam LDC Clerk Exam 2013 Answer Key/Solved Question Paper

Kollam LDC Clerk Exam 2013 Question Paper along with Answer Key- PDF Download


Friends...Today Kerala Public Service Commission Conducted the LD Clerk Exam for Kollam District. A total of 100 Questions were asked for different sections. The Questions were very easy. Click on the below link to Download Question Paper along with Answer Keys of all Booklet codes A, B, C and D in PDF Format.

Kerala PSC LD Clerk Exam 2013
Kollam Solved Question Paper

Booklet Code: A
Exam Date- 23 November 2013

Download Answer Key/Solved Question Paper:: Click Here

All LDC Questions 2013: Click Here

Kannur LDC Clerk Exam 2013 Answer Key/Solved Question Paper- PDF Download

Kannur LDC Clerk Exam 2013 Question Paper along with Answer Key


Friends...Today Kerala Public Service Commission Conducted the LD Clerk Exam for Kannur District. A total of 100 Questions were asked for different sections. The Questions were on an average level. Click on the below link to Download Question Paper along with Answer Keys of all Booklet codes A, B, C and D in PDF Format.

Kerala PSC LD Clerk Exam 2013
Kannur Solved Question Paper

Booklet Code: A
Exam Date- 23 November 2013

Download Answer Key/Solved Question Paper:: Click Here
All LDC Questions 2013: Click Here

IBPS Clerk 2013: Expected Economy/Banking Current Affairs Questions- Part 13

IBPS Clerk 2013: Expected Economy/Banking Current Affairs Questions- Part 13

Friends...here is Part 13 of Expected Economy/Banking Current Affairs Questions....


1) The Ministry of Micro, Small and Medium Enterprises has assigned which bank No. 1 rank under the ‘National Awards for Excellence in MSE (micro and small enterprises) Lending’ for 2012-13 as announced in Oct 2013?
(A) ICICI Bank
(B) IDBI Bank
(C) Corporation Bank
(D) Bank of Baroda
Ans. (C) Corporation Bank

2) India has been ranked at _____ in the latest Global Hunger Index released by the International Food Policy Research Institute (IFPRI), Welthungerhilfe and Concern Worldwide in Oct 2013.
(A) 65th
(B) 63rd
(C) 68th
(D) 72nd
Ans. (B) 63rd

3) The United States has overtaken which country to become the world’s biggest oil producer due to the jump in output from shale gas finds in US (published in Oct 2013).
(A) Kuwait
(B) Saudi Arabia
(C) UAE
(D) Russia
Ans. (B) Saudi Arabia

4) The Public Health Foundation of India (PHFI) has elected whom as its Chairperson for a term of three years in Oct 2013 (who succeeds N R Narayana Murthy).
(A) Adi Godrej
(B) Azim Premji
(C) Anand Mahindra
(D) Ratan Tata
Ans. (C) Anand Mahindra

5) The World Bank has lowered India’s economic growth forecast for the current fiscal 2013-14 to ___________ (announced in Oct 2013).
(A) 5.2%
(B) 4.7%
(C) 4.3%
(D) 5.8%
Ans. (B) 4.7%

6) The World Bank has approved _______ assistance for Uttarakhand in Oct 2013, which was hit hard by rains and landslides earlier this year.
(A) USD 300-million
(B) USD 500-million
(C) USD 250-million
(D) USD 100-million
Ans. (C) USD 250-million

7) The working committee of the Board of Cricket Control of India has terminated the contract of which IPL team “Pune Warriors” for non-payment of franchise fee in Oct 2013. Which group was owner of the team?
(A) Deccan Group
(B) India Cement
(C) ADAG Group
(D) Sahara Group
Ans. (D) Sahara Group

8) The proposed aviation venture of TATA with Singapore Airlines (SIA) has got corporate Affairs  Ministry’s approval to use the name “Tata SIA Airlines Ltd” in Oct 2013. Tata Group will hold ______ stake in the company while the rest will be held by Singapore Airlines.
(A) 74%
(B) 49%
(C) 51%
(D) 60%
Ans. (C) 51%

9) Publishing giant Pearson has appointed whom as the new Managing Director for its India business in Oct 2013?
(A) Deepak Mehrotra
(B) Rajeev Chopra
(C) Tarun Chugh
(D) A. Krishnakumar
Ans. (A) Deepak Mehrotra

10) Which Indian City has been ranked as the country’s top business destination in terms of infrastructure, human capital, city culture and basic quality of living, as per a new survey, conducted DTZ in Oct 2013?
(A) Mumbai
(B) Pune
(C) Bangalore
(D) Chennai
Ans. (C) Bangalore
View other parts of this Question Series: Click Here
Complete Current Affairs  October 2013 PDF>>CLICK HERE
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Daily Current Affairs: 22 November 2013

Daily Current Affairs: 22 November 2013


1) Magnus Carlsen dethrones Anand, becomes new World Champion:  Five-time title holder Viswanathan Anand’s reign as the world champion came to a heart-breaking end on 21 Nov 2013 with Norway’s Magnus Carlsen taking the crown after a hard-fought draw in the 10th game of the World Chess Championship match, which ended in Chennai on Friday. Carlsen, who will be 23 years on 30th November, closed the championship with two games to spare by taking his tally to required 6.5 points out of a possible ten, winning three and drawing seven games.

2) CNR Rao became first Indian scientist elected to Chinese academy: Eminent Scientist and Bharat Ratna awardee Prof CNR Rao has become the first Indian scientist to be elected as honorary foreign member of Chinese Academy of Science (CAS). “Prof Rao is the first Indian Scientist to be elected to this prestigious academy, which consists of several Nobel laureates and eminent scientists of the world,” Jawaharlal Nehru Centre for Advanced Scientific Research, of which Rao is a founder and honorary President, said.

3) Cyprus university world’s first to accept bitcoin: Cyprus’ largest private university said it has become the first in the world to accept increasingly popular digital currency bitcoin for the payment of tuition and other fees.
Bitcoin>> Bitcoin is a peer-to-peer digital currency that functions without the intermediation of a central authority. The concept was introduced in a 2008 paper by a pseudonymous developer known as "Satoshi Nakamoto".

4)  Milkman of India to feature in Amar Chitra Katha: The Milkman of India will now be part of Indian mythology! The late Dr Verghese Kurien, who piloted the White Revolution during the 1960s-1980s period, and unveiled Amul, “The Taste of India”, will now be immortalised by Amar Chitra Katha (ACK), well-known publishers of children’s illustrated books on India’s rich cultural heritage and mythology. ACK Media will launch the new title, “Verghese Kurien-the Man with the ‘Billion Litre’ Idea” at a function on November 23, the 92nd birth anniversary of the legend, at the Institute of Rural Management-Anand (IRMA).

5) Three Indian writers shortlisted for $50,000 DSC Lit Prize: Three Indians are among the six authors who have been shortlisted for the $50,000 DSC Prize for South Asian Literature 2014. The shortlisted works include "The Book of Destruction" by Anand and "Goat Days" by Benyamin both fiction translated from Malayalam by Chetana Sachidanandan and Joseph Koyippalli respectively. The third is "Chronicle of a Corpse Bearer" by Cyrus Mistry. The final winner of the Prize is scheduled to be announced at the DSC Jaipur Literature Festival in January 2014.

6) Goa police filed FIR against Tarun Tejpal:  Goa police on Friday filed an FIR against Tehelka Editor Tarun Tejpal, who has been accused by a woman journalist colleague of sexual assault during an event in Goa about 10 days ago.

7) Indo-American Arts Council honoured Salman Rushdie, Mira Nair: Prominent Indian-Americans — author Salman Rushdie and filmmaker Mira Nair — have been honoured here for their commitment and contributions to the global artistic community. The Indo-American Arts Council (IAAC) honoured the two along with renowned Indian-American pathologist Majula Bansal as it commemorates its 15th anniversary this year to celebrate its contributions of Indian performing, visual and literary arts to New York City’s diverse cultural scene.

8) Cyclone Helen crossed near Machilipatnam coast: Cyclone Helen crossed the coast near Machilipatnam, popularly known as Bandar, the port town which is the headquarters of Krishna district on Friday afternoon and there was widespread rainfall coupled with gales in the coastal districts, with Krishna and the two Godavari districts bearing the brunt.

9)  T.V. Ramachandran of Vodafone awarded IET honorary fellowship: In recognition of his contribution to mobile telephony in India, T.V. Ramachandran, Resident Director Regulatory Affairs at Vodafone India has been bestowed an honorary fellowship of the Institution of Engineering and Technology (IET).

10) Sarfaesi Act most effective tool to recover bad loans: Report- Amidst rising non-performing loans, the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (Sarfaesi Act) was the most potent tool in the hands of banks for recovering bad loans. The Sarfaesi Act empowers banks and financial institutions to recover their non-performing assets without the intervention of courts.

11) Citibank’s old headquarters in Mumbai put up for sale: Citibank has decided to put its old headquarters in Mumbai on the block and has appointed the CBRE group as its consultant. Citi Centre, an 84,000-sq-ft space in Mumbai’s prime business district Bandra-Kurla Complex, was Citi India’s headquarters until April last year. The bank had shifted to its new location First International Finance Centre about six months ago.

12) LIC to discontinue 14 policies: Country’s insurance giant Life Insurance Corporation (LIC) has decided to stop selling as many as 14 policies, including Jeevan Mitra and Anmol Jeevan. Of this 14 products, LIC has already withdrawn seven policies, including Convertible Term Assurance, Children Deferred Endowment Assurance, with effect from November 16. Many of these policies are being discontinued as part of regulatory compliance, a senior official of LIC said.

13) Serena Williams earns 5th WTA player of the year award: Serena Williams  was named WTA player of the year for the second year running and the fifth time overall. Since February, she's been the oldest No. 1 in WTA history. She's now 32.

Friday, November 22, 2013

Recruitment of Clerks 2014 in Tamilnad Mercantile Bank Ltd.

Recruitment of Clerks 2014 in Tamilnad Mercantile Bank Ltd.


Friends..Tamilnad Mercantile Bank Ltd. has invited applications for its Clerical Recruitment 2014. The details are as follows:

Posts: Recruitment of Clerks 2014
Important dates:
Opening date for Registering Online E-application: Nov 20, 2013.
Closing date for Registering Online E-application: Dec 04, 2013.
Qualification:
A Graduate (Arts, Commerce & Science), other than Engineering category, with minimum of 55% marks or a Post Graduate from a recognized University in regular college course with knowledge in Computer Operations.
[OR]
An Engineering Graduate with 60% marks from a recognized University in regular college course with knowledge in Computer Operations.
Note:
1. Graduation from Open University and Correspondence courses are not eligible.
Age:
Maximum: For Graduates: 24 years and for Post Graduates 26 years as on Oct 31, 2013.
Relaxation for MBC / BC will be 2 years. Relaxation for SC / ST / Physically Handicapped will be 5 years.


For More details see detailed notification: Click Here

"Banking on women"- Read Editorial of The Hindu on Bharatiya Mahila Bank (BMB)

"Banking on women"- Read Editorial of The Hindu on Bharatiya Mahila Bank (BMB)


To the long list of 28 public sector banks in India, one more was added with the inauguration of the Bharatiya Mahila Bank (BMB) on Tuesday by Prime Minister Manmohan Singh. The bank is unique in more ways than one. It will focus predominantly on women, apart from being staffed largely by them. To the BMB will go the distinction of being the first-ever public sector bank to have been set up by the government, as the others came into being through nationalisation of existing private banks. Women, who constitute about half the country’s population, account for 80 per cent lower per capita credit compared to men. This is largely because they are unable to offer collateral for borrowings given that property is invariably held in the name of the father, husband or son. That there is a gender bias in banking services is clear. It was precisely this that led to the creation of women's cooperative banks such as the Shri Mahila Sewa Sahakari Bank Ltd. which extended financial support to self-employed women in the unorganised sector. Yet, it is not clear if an all-new, full-service bank is the way to get more women into the financial system. Could not the same objective have been achieved through the existing public sector banks that have an extensive network in rural areas, where financial exclusion of women is the most acute?

The BMB will face the same issues as other public sector banks; if anything, it will be handicapped even more by the fact that it is a start-up operation. For example, if the bank is to be commercially viable, it needs an extensive network in the cities where it can attract deposits, but its lending focus has to be in the rural areas where women are marginalised. How does it solve this network dilemma? In the first year of operations at least, the bank will be opening branches only in the cities. The initial year or two will largely determine if the concept of the BMB will be a success. The bank will have to conceive and devise innovative products that will encourage women to bank with it. The bank has already indicated that it will offer higher deposit rates to attract savings bank customers, but this should not result in pushing up lending rates. It will have to tailor products for the unorganised sector where lending is largely without collateral. The bank is likely to be hamstrung in recruiting experienced staff; public sector banks are reported to be facing a staff shortage. Even assuming that staff from other banks can be attracted by means of promotions and higher salaries, it is doubtful if they will agree to move to rural branches. How well the BMB handles these challenges is what will decide if the idea will be a success — or if the BMB will turn out to be just another public sector bank.


Courtesy: The Hindu Editorial