IMF chief and Pranab discusses eurozone crisis

 International Monetary Fund (IMF) Managing Director Christine Lagarde on Monday had a meeting with Finance Minister Pranab Mukherjee and discussed the global economic environment, particularly in the wake of the continuing eurozone debt crisis and the role that emerging economies need to play in the changing world.

Talking to the media after her meeting with Mr. Mukherjee here, Ms. Lagarde said: “We particularly discussed the euro area situation and we also discussed the role of IMF and importance that emerging market economies have to play within [the] organisation.” There were also elaborate discussions on the general economic situation, she said.

After her China visit, the IMF chief's two-day visit to India has come at a time when the sovereign debt turmoil in Europe has led to a fragile economic recovery in the globalised world and has impacted the emerging economies also in a significant way although most of them have performed better than the developed world.

McLaren's Button wins Australian GP

 

McLaren’s Jenson Button won the season's first, Australian Grand Prix on Sunday, beating Sebastian Vettel of Red Bull into second place.

World champion Vettel prevented the McLaren team from starting the season with a one—two as he finished between Button and the Briton’s team—mate Lewis Hamilton, who started from pole.

Occupy Wall Street calls for a general strike on May 1

 

Occupy Wall Street activists on Monday called for supporters to skip work on May 1 to protest against alleged police brutality during 73 arrests in New York during the weekend. 

Occupy organizers across the country have been mobilizing for months toward a one—day general strike in May.

They’re encouraging people to stay out of work and school, and to refrain from spending money. In New York, a coalition of unions and worker justice groups are planning a solidarity march through the city.

What is Occupy Wall Street?

Occupy Wall Street (OWS) is a protest movement that began September 17, 2011 in Zuccotti Park, located in New York City'sWall Street financial district. OWS was initiated by the Canadian activist group Adbusters and has led to Occupy protests and movements around the world. The OWS protests are against social and economic inequality, greed, corruption and the undueinfluence of corporations on government—particularly from the financial services sector. Their slogan, We are the 99%, addresses the growing income inequality and wealth distribution in the U.S. between the wealthiest 1% and the rest of the population. To effect change OWS engages in "direct action" instead of petitioning authorities. 

Causes	Wealth inequality, Corporate influence of government, Populism, (in support of)Social Democracy
Characteristics	Non violent protest Civil disobedience Occupation Picketing Demonstrations Internet activism

To know more:  Wikipedia

                          http://occupywallst.org/

Government escape from one more issue: passes NCTC test in Rajyasabha

Government passed one more passed one more test as amendments moved by opposition to the President’s Address on National Counter Terrorism Centre (NCTC) were defeated in the Rajya Sabha, where the UPA is in minority, with the help of SP and BSP while ally Trinamool Congress absented.
Prior to the voting Prime Minister assured nothing would be done to infringe upon the federal structure and the next step would be taken only after full consultations with the States.

Vodafone Vs Government

The Supreme Court today dismissed Government’s plea seeking review of its verdict which held that Income Tax Department does not have jurisdiction to levy Rs. 11,000 crore as tax on the overseas deal between Vodafone International Holdings and Hutchison Group. 

After the review petition was filed on February 17, the government in its March 16 budget proposed to amend the Income Tax Act to levy capital gains tax on domestic asset acquisition through merger and acquisition deals involving foreign companies.

Finance Minister Pranab Mukherjee in the budget indicated amendments in direct tax laws with retrospective effect to allow the government to tax income “accruing or arising directly or indirectly through the transfer of capital asset situated in India”.

The apex court had also held that Vodafone’s transaction with Hong Kong-based Hutchison Group was a “bonafide” FDI which fell outside the tax jurisdiction of the Indian authorities.

Sachin is inspiration for Swiss open title: Saina

 

“It has been a painful wait (it took a year for her to win a major title). But, at the end I should thank Sachin Tendulkar for inspiring me to win the Swiss Open Grand Prix title,” remarked ace shuttler Saina Nehwal on Tuesday.

Saina who is from Pullela Gopi Chand Academy was waiting for a major title win for almost last one year.

She was also the Beijing Olympics quarter-finalist.

SBI - IBPS - Model question paper Clerk PO(Banking Industry and Finance Only ) - 2 (Sample question paper)

SBI - IBPS - Model question paper Clerk PO(Banking Industry and Finance Only ) - 2 (Sample question paper) :
This will be useful in SBI, IBPS clerical and probationary officer(PO) exams...
Practice these papers and do well in the exams... Good luck... Enjoy the exam...


1. RBI was nationalised in the year_____


    1. 1934
    2. 1935
    3. 1949
    4. 1955
    5. 1969


2. The Imperial Bank of India was nationalised and was renamed as SBI in the year____


    1. 1934
    2. 1949
    3. 1955
    4. 1969
    5. 1950


3. The first Regional Rural Bank (RRB) was established on October 2, _____


    1. 1969
    2. 1955
    3. 1975
    4. 1980
    5. None

4. How many RRBs are there in India ?

    1. 82
    2. 197
    3. 125
    4. 150
    5. 138

5. DRT stands for _____
 
   1. Direct Route Transfer
   2. Debt Recovery Tribunal
   3. Department Rate for Transfer
   4. Differential Rate of Transfer
   5. None of these

6. Which of the following is not a fully owned subsidiary of RBI ?

1. National Housing Bank (NHB)
2. Deposit Insurance and Credit Guarantee Corporation of India (DICGC)
3. Bharatiya Reserve Bank Note Mudran Private Ltd (BRBNMPL)
4. National Bank for Agriculture and Rural Development (NABARD)
5. None of these

7. In which of the following institution has RBI got majority stake ?

1. National Housing Bank (NHB)
2. Deposit Insurance and Credit Guarantee Corporation of India (DICGC)
3. Bharatiya Reserve Bank Note Mudran Private Ltd (BRBNMPL)
4. National Bank for Agriculture and Rural Development (NABARD)
5. None of these

8. To manage day to day liquidity in the banking system, RBI has instituted a system called LAF. What is     LAF ?

1. Liquidity Adjustment Facility 
2. Liquidity adjusted Frequency
3. Liquidity Against Facilities
4. Liquid Arrears Facility
5. None

9. To manage liquidity, RBI started MSS. What is MSS ?

1. Market Surplus Scheme
2. Marketing Stabilised Surplus
3. Market Stabilisation Scheme
4. Major Stabilisation Surplus
5. None

10. Four note printing presses are in operation in India. Which one of the following is not among them?

a. Dewar in Madhya Pradesh    b. Nasik in Maharashtra    c. Mysore in Karnataka    d. Salboni in west Bengal    e. Balasore in Odisha

1. a
2. b
3. c
4. d
5. e

11. Four coin mints are in operation. Where cannot we locate one ?

1. Mumbai
2. New Delhi
3. Noida 
4. Kolkatta
5. Hyderabad

12. Ways and Means Advances (WMA) is a short term credit scheme available from RBI to _____

1. Commercial Bank
2. Development Banks
3. State Government
4. Cooperative Bank
5. None

13. Pick out the incorrect combination among the following.

      a. FCNR - Foreign Currency Non Resident 

      b. NRE - Non Resident External

      c. NRO - Non Resident Ordinary

      d. NRNR - Non Resident Non Repatriable

      e. NRE - Non Resident Expatriate

1. Only a
2. Only b
3. Only c
4. Only d
5. Only e

14. The minimum amount to be remitted through RTGS is ?

1. Rs. 1 lakh
2. Rs. 2 lakh
3. Rs. 3 lakh
4. Rs. 4 lakh
5. Rs. 5 lakh

15. When you transfer fund electronically, Indian Financial System Code (IFSC) must be mentioned. IFSC has ______ characters. 

1. 5
2. 9
3. 11
4. 13
5. 14

16. RBI enables National Electronic Fund Transfer (NEFT) as a batch settlement. NEFT operates in batches every ______

1. 1 hour
2. 2 hours
3. 3 hours
4. 4 hours
5. 5 hours

17. Which of the following is not possible through an ATM of a bank ?

    a. Account information seeking

    b. Cash deposit

    c. Regular bills payments

    d. Purchase of recharge vouchers for mobile phone

    e. Mini / Short statement 

    f. Loan account inquiry

    g. Quick dispersal of loans

1. All the above are possible
2. All except f
3. All except g
4. All except d
5. None of these

18. HNI stands for ______

1. High Net-worth Individuals
2. Higher National Income
3. Higher Net Income
4. High Net Interest 
5. None of these

19. While reading newspapers, we may come across new items that say 'an SPV is constituted'. What is SPV?

1. Super Powered Vehicle
2. Special Purpose Vehicle
3. Specially Powered Vehicle
4. Special Purpose Value
5. None of these

20. 'The guilt edged market' refers to market for 

1. Gold
2. Corporate securities
3. Repo, reverse repo
4. Government and semi Government securities
5. None of these 

21. ______ Trading of Registered Interest and Principal of Securities (STRIPS) are basically zero-coupon securities where investor receives a payment at maturity only. 

1. Security 
2. Structure   
3. Separate
4. Special
5. Sum

22. The Unit Trust of India (UTI) was established in the year______

1. 1960
2. 1963
3. 1965
4. 1969
5. None

23. One unit of Unit Trust of India will cost 

1. Re. 1
2. Re. 10
3. Re. 100
4. Re. 1000
5. None of these

24. Which of the following cities is called financial capital of India ?

1. Mumbai
2. Bangaluru
3. New Delhi 
4. Chennai
5. Kolkatta

25. The Bombay Stock exchange is located at 

1. Dhalal street
2. Wall street
3. Horniman Circle
4. Medows street
5. Dharavi

26. How many regional stock exchanges are there in India?

1. None
2. 26
3. 19
4. 14
5. 11

27. The National Skill Development Council is chaired by

1. Prime Minister
2. Deputy Chairman of Planning Commission
3. Finance Minister
4. Labour Minister 
5. None of these

28. Pick out the incorrect combination.

     a. ALM - Asset Liability Management

     b. CBLO - Collateralised borrowing and Lending Operation

     c. ECB - External Commercial Borrowing

     d. FMCG - Fast Moving Consumer Goods

1. None is incorrect
2. Only a
3. Only b
4. a and b
5. Only c

29. ULIP  stands for

1. United Labour Insurance Policy
2. Unit Linked Insurance Plan
3. Union Labour Improvement Plan
4. United Liberal Insurance Plan
5. None 

30. LLP stands for

1. Limited Liability Partnership
2. Lean Liability Partnership
3. Limited Lean Partnership
4. Loan Limited Partnership
5. None

31. What is meant by 'Indian rupee is appreciating' ?

     a. The purchasing power of the rupee is declining

     b. The exchange rate of rupee is going up

     c. The purchasing power of rupee is going up

1. Only a
2. Only b
3. Only b and c
4. Only c
5. none

 32. Which state passed a bill for regulating micro finance institutions ?

1. Tamil Nadu
2. Bihar 
3. Karnataka
4. Andhra Pradesh
5. None of these

33. Which of the following has launched Bank on Bike initiative to cover villages untouched by banking facilities so far ?

1. Bank of India
2. Bank of Baroda
3. Central Bank of India
4. SBI
5. None of these

34. Which of the following pairs of India's public sector banks and their head quarters are correctly matched  ?

  a. Punjab National Bank - New Delhi

  b. Alahabad Bank - Kolkata

  c. Bank of India - Mumbai

1. a only
2. a and b only 
3. b and c only
4. a, b and c
5. None

35. China emerged as the world's second largest economy in 2010, overtaking _____

1. Germany
2. Briton
3. France
4. Japan
5. US

36. Which of the following has launched the 'Everywhere Teller Machine' (ETM) in India ?

1. StanChart Bank
2. HDFC Bank
3. SBI
4. Axis Bank
5. ICICI Bank

37. According to the RBI, branches serving population of ______ and above are classified as metropolitan branches.

1. 5 lakh
2. 10 lakh
3. 25 lakh
4. 50 lakh
5. None

38. Which foreign bank has the highest number of employees in India ?

1. HSBC
2. RBS
3. Standard Chartered Bank
4. Citi Bank
5. None of these

39. The amount of money that can be loaded on mobile phones (mobile wallet).

1. Rs. 10000
2. Rs. 15000
3. Rs. 25000
4. Rs. 50000
5. None

40. Which public sector bank is associated with the launch of India's first Grameen Bank ATM Card in association with Varanasi based Kashi Gomti Samyut Grameen Bank and National Payments Corporation of India (NPCI)?

1. Alahabad bank
2. SBI
3. UBI
4. Canara Bank
5. None

View Answers  

SBI - IBPS - Model question paper Clerk PO(Banking Industry and Finance Only ) - 2 (Sample question paper) with answers

SBI - IBPS - Model question paper Clerk PO(Banking Industry and Finance Only ) - 2 (Sample question paper)  with answers:
This will be useful in SBI, IBPS clerical and probationary officer(PO) exams...
Practice these papers and do well in the exams... Good luck... Enjoy the exam...



1. RBI was nationalised in the year_____


    
    3. 1949
   


2. The Imperial Bank of India was nationalised and was renamed as SBI in the year____


    
    2. 1949
   


3. The first Regional Rural Bank (RRB) was established on October 2, _____


   
    3. 1975
   

4. How many RRBs are there in India ?

    1. 82
 

5. DRT stands for _____

     2. Debt Recovery Tribunal


6. Which of the following is not a fully owned subsidiary of RBI ?
 
     4.National Bank for Agriculture and Rural Development (NABARD)

7. In which of the following institution has RBI got majority stake ?

     4.National Bank for Agriculture and Rural Development (NABARD)

8. To manage day to day liquidity in the banking system, RBI has instituted a system called LAF. What is     LAF ?

1. Liquidity Adjustment Facility 

9. To manage liquidity, RBI started MSS. What is MSS ?

     3.Market Stabilisation Scheme

10. Four note printing presses are in operation in India. Which one of the following is not among them?

a. Dewar in Madhya Pradesh    b. Nasik in Maharashtra    c. Mysore in Karnataka    d. Salboni in west Bengal    e. Balasore in Odisha

      5. e

11. Four coin mints are in operation. Where cannot we locate one ?

     2. New Delhi

12. Ways and Means Advances (WMA) is a short term credit scheme available from RBI to _____

     3. State Government

13. Pick out the incorrect combination among the following.

      a. FCNR - Foreign Currency Non Resident 

      b. NRE - Non Resident External

      c. NRO - Non Resident Ordinary

      d. NRNR - Non Resident Non Repatriable

      e. NRE - Non Resident Expatriate

     5. Only e
14. The minimum amount to be remitted through RTGS is ?

     2. Rs. 2 lakh

15. When you transfer fund electronically, Indian Financial System Code (IFSC) must be mentioned. IFSC has ______ characters. 

     3. 11

16. RBI enables National Electronic Fund Transfer (NEFT) as a batch settlement. NEFT operates in batches every ______

1. 1 hour

17. Which of the following is not possible through an ATM of a bank ?

    a. Account information seeking

    b. Cash deposit

    c. Regular bills payments

    d. Purchase of recharge vouchers for mobile phone

    e. Mini / Short statement 

    f. Loan account inquiry

    g. Quick dispersal of loans

     2. All except f
18. HNI stands for ______

1. High Net-worth Individuals

19. While reading newspapers, we may come across new items that say 'an SPV is constituted'. What is SPV?

     2. Special Purpose Vehicle

20. 'The guilt edged market' refers to market for 

     4. Government and semi Government securities
21. ______ Trading of Registered Interest and Principal of Securities (STRIPS) are basically zero-coupon securities where investor receives a payment at maturity only.

     3. Separate

22. The Unit Trust of India (UTI) was established in the year______

      2. 1963
23. One unit of Unit Trust of India will cost

     2. Re. 10

24. Which of the following cities is called financial capital of India ?

1. Mumbai

25. The Bombay Stock exchange is located at 

1. Dalal street

26. How many regional stock exchanges are there in India?

     3. 19

27. The National Skill Development Council is chaired by

1. Prime Minister

28. Pick out the incorrect combination.

     a. ALM - Asset Liability Management

     b. CBLO - Collateralised borrowing and Lending Operation

     c. ECB - External Commercial Borrowing

     d. FMCG - Fast Moving Consumer Goods

1. None is incorrect

29. ULIP  stands for

     2. Unit Linked Insurance Plan

30. LLP stands for

1. Limited Liability Partnership

31. What is meant by 'Indian rupee is appreciating' ?

     a. The purchasing power of the rupee is declining

     b. The exchange rate of rupee is going up

     c. The purchasing power of rupee is going up

     3. Only b and c

 32. Which state passed a bill for regulating micro finance institutions ?

     4. Andhra Pradesh

33. Which of the following has launched Bank on Bike initiative to cover villages untouched by banking facilities so far ?

     4. SBI

34. Which of the following pairs of India's public sector banks and their head quarters are correctly matched  ?

  a. Punjab National Bank - New Delhi

  b. Alahabad Bank - Kolkata

  c. Bank of India - Mumbai

     4. a, b and c

35. China emerged as the world's second largest economy in 2010, overtaking _____

     4. Japan

36. Which of the following has launched the 'Everywhere Teller Machine' (ETM) in India ?

     4. Axis Bank

37. According to the RBI, branches serving population of ______ and above are classified as metropolitan branches.

     2. 10 lakh

38. Which foreign bank has the highest number of employees in India ?

     3. Standard Chartered Bank

39. The amount of money that can be loaded on mobile phones (mobile wallet).

     4. Rs. 50000

40. Which public sector bank is associated with the launch of India's first Grameen Bank ATM Card in association with Varanasi based Kashi Gomti Samyut Grameen Bank and National Payments Corporation of India (NPCI)?

     4. UBI