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Vidya Foundation Cochin

An educational charity to help poor students who are in need of support and motivation

Current Affairs & GK

Current Affairs 10

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Current Affairs 4

Current Affairs 5

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General Awareness series 1

General Awareness series 2

 General Awareness series 3

Current Affairs 10

Elections 2014.

1.How many seats were won by BJP alone – 282
2.How many seats were bagged by NDA -336
3.How many seats UPA got in the election: 59 only
4.Total no: of elected seats in Lok Sabha: 543
5.How many women MPs in Lok Sabha: 61
6.Highest Margin in the election : Sri Narendra Modi by winning Vadodara seat with a margin of 570128 votes
7.Narendra Modi was born in free India when all other PMs were born before 1947
8.Mr Narendra Modi hails from Vadnagar, in Gujarat

Some Important appointments

1.Speaker , Lok Sabha: Smt Sumitra Mahajan
2.Home Minister:Sri Raj Nath singh
3.Minister for External affairs:Smt. Sushma Swaraj
4.Finance Minister: Sri Arun Jaitley
5.Minister of Railways:Sri Sadananada Gowda
6.Minister of HRD: Smt Smriti Irani

Assembly elections held along with Loksabha elections:

1.Telengana – new state: won by TRS ( Telengana Rashtra Samithi) K Chandrasekhara Rao.(CM)
2.Andhra Pradesh( remaining portion of AP ) won by Telugu Desam Party ,N Chandrababu Naidu,(CM)
3.Orisha – won by BJD – Naveen Patnaik ( CM)
4.Arunachal Pradesh – won by Congress- Naban Tuki(CM)
5.Sikkim- won by P K Chamling (Sikkim Democratic Front)

Here are the highlights of the budget presented by Finance Minister Arun Jaitley.

FISCAL DEFICIT
* Accepts fiscal deficit target of 4.1 percent of GDP for 2014/15
* Fiscal deficit seen at 3.6 percent of GDP in 2015/16
* Finance Minister says: “We cannot spend beyond our means”
GROWTH
* Aims for sustained growth of 7-8 percent in the next 3-4 years
TAXATION
* Aims to approve goods and services tax ( GST) by end of this year
* Will not change rules on retrospective tax. All pending cases of retrospective tax for indirect transfers to be examined by a high-level committee before action is taken
* Will provide the necessary tax changes to introduce real estate investment trusts and infrastructure investment trusts
FOREIGN DIRECT INVESTMENT
* Raises limit on foreign direct investment in defence sector from 26 percent to 49 percent
* Raises FDI limit in insurance sector from 26 percent to 49 percent
SPENDING
* Capital outlay for defence raised by 50 billion rupees over interim budget
* Earmarks 70.6 billion rupees to create 100 “smart cities”
* Proposes 50 billion rupees for warehousing capacity; 100 billion rupees of private capital for start-up companies; and 378 billion rupees of investment in national and state highways
* 40 billion rupees for affordable housing proposed through national housing bank and extends tax incentives for housing loans
* Proposes 80 billion rupees for rural housing scheme
SUBSIDIES
* Plans to make food and petroleum subsidies more targeted
* Rural job-guarantee scheme, which provides 100 days of paid employment a year, will become more focused on asset creation
AGRICULTURE
* Will focus on achieving 4 percent growth per year in agriculture
* Sets farm credit target at 8 trillion rupees for 2014/15
* Proposes a long-term rural credit fund with an initial corpus of 50 billion rupees
FINANCE MINISTER COMMENTS
* “We have no option but to take some bold steps to spurt economy; these are only the first steps and are directional.”
* “Slow decision making has resulted in a loss of opportunity”

New Banking Licences- Draft Guidelines July 2014

It is proposed to give licenses for two kinds of banks- they are Payment Banks and Small Banks. Details are given below:

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Current Affairs 11
1. Which Car of Honda is catching the Indian Market …………. Amaze
2. Which University hosted a leadership training programme for Indian Parliamentarians.- …………. Yale ( USA)
3. Who is the Chief Minister of Jammu & Kashmir …………. Omar Abdulla
4. Which country is now a hot destination for international investors …………. Indonesia
5. What are the consequences of a weak rupee …………. push up inflation, widen fiscal deficit, slow capital inflows, negative sentiments on new business etc.
6. Project Loon is a project of……………. to send balloons to different countries with equipments attached to balloon. This will further smoothen internet connections worldwide. …………. Google
7. UN Public services award 2013 was bagged by …………. Sri Oommen Chandy for his mass contact programme.
8. Which is the latest version of Windows tested by Microsoft …………. Windows8.1
9. New star for Brazil Football …………. Neymar
10. A non-banking institution can set up and can have tie up with many banks as its ATM outlet. The banks can be free from managing their own ATMs. This ATMs are called …………. White Label ATM
11. Syrian President ( now re-elected) …………. Bashar Al Assad
12. US, Germany, Japan, Britain, Italy,France, Canada are …………. G-7 countries
13. British Prime Minister …………. David Cameroon
14. The country which passed Gay Marriage Bill recently …………. France
15. New President for Iran: …………. Hassan Rouhani
16. Project cost of Kochi Metro( Komet) …………. Rs 5181 cr,
17. Distance covered by Kochi Metro …………. 25.5 kms 22 stations
18. What is the minimum amount fixed for sale of an immovable property for TDS ( Tax deduction at source) of 1% newly introduced in this budget …………. Rs 50 lacs
19. Which Indian Co. entered into tie up with BOEING for supply of 30 % components to BOEING from its newly formed subsidiary- …………. Reliance Industries
20. Standard Chartered Bank in India is acquiring Wealth Management business of …………. Morgan Stanley in India
21. Who bought the stake in United Breweries …………. UK Based Heineken buys 3.21%
22. Govt clears a FDI of 10500 cr investment by …………………………. for single brand store in India …………. IKEA , Swedish Furniture giant
23. Supreme Court upheld 51% FDI in …………. Multi-Brand retail
24. According to Bloomberg, Bill Gates is again the richest Man in the world …………. capturing the title from Mexican Investor –Carlos Slim
25. IIT Delhi – Electrical Engg Dept …………. world ranking 37th
26. Indian National Defence University( INDU) will be set up in …………. Gurgaon, Haryana
27. India’s supersonic cruise missile test fired successfully …………. BrahMos
28. WTO Chief …………. Roberto Azvedo ( Brazil)
29. FDI in Insurance has been raised to …………. 49%
30. FDI in Telecom raised to …………. 100%
31. Finance secretary …………. Aravind Mayaram

General Knowledge –Finance related – Questions

1. Who is the  Finance Minister of India : Sri Arun Jaitly

2. Who is the Governor of RBI                  : Dr Raghuram Rajan

3.Who is the Dy Chairman of Planning Commission:…Dr Montek Singh Aluvalia

4. Inflation rate CPI based : 7.31(July 2014) refer updates

5. What is the Current CRR  : 4.00% (July14) pl refer RBI site for current rate)

6. What is the current SLR    :22.5 ( refer latest from RBI site)

7. What is the  current  Repo rate:8%.( refer latest from RBI site)

8. Who is the Speakekr of Lok Sabha: Ms Sumitra Mahajan.

9. Who is the founder of Microfinance?…Prof Muhammed Yunus.

10. What is the current value of  US Dollar in Indian Rupees ?.Rs 60.* refer latest from RBI site

11. What is the  current price of crude oil in international market? refer latest *

12. NRI Deposits  in Kerala  in 2013-14   : a new high Rs 75000 cr.

13. What is the expected GDP growth rate expected for 2014-15 ?….5- 6%

14.Who is the Chairman of Federal Reserve , USA? Janet Yellen

15.What do you mean  by “ sensex”?. SENSEX is Bombay Stock Exchange SENSitive indEX. It is the Bench mark index of the India’s biggest and oldest stock exchange, BSE.( 30 shares in the Basket)

16. Name two International Rating Agencies……Standard & Poors. ,  Moody’s Investment services

17. One billion means  100 crores and one trillion means 100 000..crores

18.Which are the  two most prominent stock markets  of India ?…Bombay Stock Exchange.(BSE)..& …National Stock Exchange(NSE)

19.What is the international standard of measurement  of gold ? …Ounce (31.1 grams)

20.  Which is the new Stock exchange in India : MCX-SX ( now in trouble)

21. Who was the Finance Minister  who initiated New Economic Reforms ( LPG) in 1991…Dr Manmohan Singh.

22. Which private Airlines  in India  is in deep trouble now and who is its promoter?

-Kingfisher , Vijay Mallya, UB Group

23.Who is the Finance Minister of Kerala ? K M Mani

24.  Which is the Commodity exchange in trouble now: NSEL(National Spot Exchange Ltd.)

25. Which is the nuclear Plant in South India, which is prone  to severe criticism?.Koodamkulam.

26. Who is the Minister for HRD: Ms Smrithi Irani

27. Which is the present Five year plan  now? …12th …       Period from 2012.to 2017.

28. Who is the Chairman of  SEBI ? U K Sinha ( SEBI:…Securities & Exchange Board of India.)

29. Regulator for Commodity exchanges: Forward Market Commission( now under Ministry of Finance)

30. Can you name a few Kerala based Banks?..SBT, Federal, SIB, Dhanalxmi, CSB

Current Affairs  2

  1. Which Automobiles had shut down its factory for three days  because of excess stock and less demand: Tata Motors
  2. PVR Cinema is going to acquire  which cinema company: Cinemax  -69%
  3. Which Indian Co. acquires Patton Inc of US : ELGI Equipments
  4. Asian Leadership Award was bagged by  a prominent  business women of India: Ms Mallika Srinivasan ( TAFE-Chairperson)
  5. Which Company manufactures Akash tablet: Data Wind ( Chairman Suneet Singh Tuli recently met UN Secretary General and demonstrated  Akash to them)
  6. Flipkart opened a  store for e-books alone but not successful : Flyte
  7. Unilever CEO : Paul Polman
  8. World’s greatest investor/ Investment Guru: Warren Buffet
  9. Company of Warren Buffet: Berkshire Hathway
  10. The book about his investing  recently published : Tap dancing to Work

 

Current Affairs  3

  1. Which Co’s Initial Public offer was last year  oversubscribed by 41 times: CARE( Credit Analysis and  Research)
  2. King of Goals ( football) Lionnel Messy – 86 goals
  3. The new car of Bajaj Auto ( electric) : RE 60
  4. Which Co  to buy Appollos’ BPO for 1000 cr. : Sutherland
  5. CEO of Sutherland: Dilip Vellodi
  6. Which Bank had to remit a fine of $ 1.90 bn to settle Anti-Money laundering  case in US: HSBC
  7. Sunflower branch of Vanaspati of WIPRO was sold to  Cargill of US
  8. WIPRO: Western India Vegetable products : started in 1945
  9. Current Chairman of  WIPRO : Azim Premji ( from 1966 at the age of 21 years!!!!!)
  10. Soap to software company is WIPRO and Salt to software Co: is Tatas

Current Affairs  4

  1. Which Management Institute in India has started  a course for the first time  with a degree MFAB( Management of Family Business): Indian School of Business-ISB
  2. Who is the promoter of NEXT Retail: Videocon Group
  3. Who is the new CEO of iGate solutions: Ashok Vemuri.
  4. Which Skin Care co is acquired by Wipro: Waxsons
  5. Palestine Hamas Chief:  Khaled Mishal
  6. CEO of WIPRO: T K Kurian
  7. Mr Parthasathy Shome submitted the report on GAAR, proposing progressive taxation
    1. CEO of Tata StarBucks  : Ms Avani  Sanglani from Tata Administrative Service: 32 years old
    2. Corruption Perception  Index : India ranks  : 94th
    3. Least corrupt countries: Denmark, Finland, Newzeland, Sweden, Singapore

Current Affairs 5:

  1. Chairman of SBI: Ms Arundhathi Bhattacharya
  2. Chairman  of Aditya Birla Group: Kumar Manglam  Birla
  3. Direct Cash Transfer of subsidies starting  on: 01.01.2013 in 20 districts
  4. Three steps advocated by  Sri Raghuram Rajan , RBI Governor:
    1. Good confidence- building Budget
    2.  Speeding up of  clearance for new projects
    3. Stock market reforms

5. Mastermind behind Telecom Revolution in India: Sam Pitroda

6. Telecom Regulatory  Authority of India  (TRAI)  Chairman: Rahul Khullar

7. New Japanese Prime Minister : Shinzo Abe

8. No of patents  owned by  Siemens : 57900

9.Most googled Indian Tourist destination:  Kerala Tourism

10.Domestic retailers:  Future group, Reliance Fresh, Bharati Retail, Aditya  Birla Retail, Spencers,

Next Retail(   Videocon group)Croma ( Tata owned Infinity  Retail), Promart –Discount Chain

Current  Awareness 6: as on 18.09.2013.

  1. Foreign Secretary : Ms Sujatha Singh
  2. NOFN : national Optical Fibre Network   proposed for  total network-  for e- governance- proposed by Sam Pitroda  at an estimated cost of Rs 20000 crores.( for digital connectivity of all State capitals and Delhi  and important   centres)
  3. Chinese  President  – Xi Jin Ping
  4. Chinese Prime Minister  Li Kequiang
  5. Total No: of  scheduled Bank Branches in the Country :105000
  6. Total No of ATMs in the country :111500
  7. NASSCOM Chairman : R Chandrasekharan, Vice Chairman, Cognizant Tech.(NASSCOM: National Association of Software and Service Cos-IT sector  body)
  8. Which sector is growing in India at double digit:  Software and services: more than 10%
  9. Five year  road map for fiscal deficit : 3% by 2017
  10. What is the current year target  of fiscal deficit :4.10%

Current affairs 7 –

  1. Which cricketer has been  conferred –order of Australia: Sachin Tendulkar
  2. External affairs minister: Ms Sushama Swaraj
  3. Nnew Australian  Prime Minister: Tony Abbot
  4. Nobel prize for Peace 2012: European Union
  5. Nobel Prize  for literature2012:  Mo Yan ( Chinese)
  6. Vice President of India : Hamid Anzari
  7. ICC World 2020 Championship was won by : West Indies
  8. Golden Boot award winner : Lionnel Messi
  9. Indian’s supersonic Cruise Missile : BrahMos
  10. Chief Minister of West Bengal: Ms Mamta Banerjee
  11. Chief Minister  of these States : HP- VeerBhadra Singh ( Congress)
  12. Most popular Vehicle  of  Tata  now exported widely: TATA   ACE
  13. New  Thinking New Possibilities- Tagline of  Hyundai
  14. Lets go:  tagline of Maruti Alto
  15. Pure Banking , nothing  else-tagline of  SBI

Current awareness 8

1. Who is the new Dy Governor for RBI: Mr Urjit Patel ( replaces Mr.Subir Gokarn)

2.A prepaid Mobile Wallet called Mobi Cash was started by …SBI

3.Starbucks C E O : Howard Schultz

4.Latest James Bond Movie: Skyfall

5.Forex Reserves of China: USD 1.2 trillion ( India –USD 274 billion)

6.Import duty on Gold : 10% (as on 18.09.2013)

7. Last years Gold import bill: Rs 3,30,000 crores

8. Who is the new  (14th) Finance Commission  Chairman: Y V Reddy

( former RBI Governor)

9. How much amount Govt. is going to  infuse to Banks  as Capital  now:

Rs 12000 crores

10. Mr Cyrus Mistry( new Tata Group  Chairman ) said the group is committed to invest additional  Rs 45000 crores in the next two years

11. Jet Airways confirms   stake sale to Ethihad Air ( abudhabi)

12. U S Vice President: Joe Byden

13. Who is the successor to Hilary Clinton as  US Foreign Secretary: John Kerry

14.India’s Gold reserves: 557 tonnes

I5.Head line  Inflation ( WPI based) as on August is 5.40 % ( June 2014)

Current Affairs  9 

  1. Rural Development Minister : Mr Nitin Gadkari
  2. What is IKEA: Swedish Furniture   retailer with global presence
  3. Chairman of  NSE: Ms Chitra Ramakrishnan
  4. MD & CEO of BSE : Ashish Kumar Chauhan
  5. India’s foreign debt: USD 350 billion ( approx)
  6. Indias forex reserves: USD 318 billion (as on 18.07.2014)
  7. Arcellor Mittal:  Lakshmi Mittals’s acquisition of Frances’s Arcellor, Steel co. now faces a  nationalization threat from Govt of France for violation of MOU terms
  8. Which Country adopts Kerala  Model of Women development ( Kudumbasree)-Ethiopia
  9. Citi Bank  Third largest bank in assets is in news now: Vikram Pandit, CEO resigns  due to conflict with the Chairman ( Vikram Pandit is a world famous Bank CEO)
  10. Which Indian Co celebrated 50 years of presence in Egypt recently: Kirloskar

General Awareness series 1

  1. 12th Plan Period  :  2012-2017
  2. GDP Growth target of 12th Plan : 8 %
  3. QFI: Qualified  Foreign Investor
  4. Demographic Opportunity for  India :  Skill development
  5. Voting rights  in Private Bank increased to :26 %  (from 10%)
  6. NDC : National  Development Council- Chairman _Prime Minister   apex Centre-State body which approves plans and  attended by Chief Ministers  and Cabinet Ministers
  7. Minimum Support Price  for wheat increased  to Rs 1350. Per quintal
  8. Tata has  presence in 80 companies and  4.50 lacs employees
  9. CAG( Comptroller and Auditor General ) to audit D6 Block of Reliance :( D6 is the biggest  block of natural gas discovered by Reliance in Krishna Godavari Basin of Andhra)
  10. Commerce and Industry Minister: Ms Nirmala Sitharaman

 

General Awareness series 2  .

  1. 12th plan envisages creation of  5 cr jobs in 5 years
  2. India’s best known global branch: Tata
  3. Which Indian CEO is ranked  7th in the best 10 CEOs  by Harvard Business School: Y C Deveswar (ITC)
  4. Russian President : Vladimir Putin
  5. India’s favourite  online portal: Flipkart  ( second  Myntra)
  6. Food security bill envisages to give  food grains to 67 % of population at concessional rate
  7. Which country has collaboration for Koodankulam Project: Russia
  8. New Railway Minister: Mr Sadananda Gowda
  9. What is the new provision for CSR: Companies with  net profit of  5 crores and above have to spend  2 % on CSR  of average  three years profit
  10. CEO of Apple: Tim Cook

General Awareness Series No: 3 

1.World’s  most  powerful woman in Forbes  Magazine  Top 100 –

Angela Merkel ( Chancellor –Germany)

2. Indian Woman in the top 50  most influential people ranked by Bloomberg  Market magazine: Mamata Banerjee ( WB Chief minister)

3. Who received US Congress  highest  civilian honour: Aung San  Suu Ki  ( Opposition leader of Myanmar)

4. Palestine National Authority President : Mahmoud Abbas( visited India  in Sept2012)

5. Core sector of Industries:  Crude, Natural Gas, Cement, Coal, Steel, Electricity , petroleum refinery products, fertilizers

6. What is the rate of interest on Marginal  standing facility (MSF)  , a facility offered by RBI for banks to pledge  the SLR securities for a loan other than  Repo loans:  Now same as Bank rate-9

7. What is  green field project: Manufacturing  facility   set up from scratch

8. Banking system in which banks are allowed to provide a wide variety of financial  services, including  both commercial and investment services: Universal banking

9. Highest contribution to Direct tax is from : Corporate Tax

10.”Maharajas Express”  is a joint venture between Indian railways and  Private sector  “COX & KINGS”

11. Which Automobile company   has launched  its “Vanquish” sports car in India  in July 2012: Aston  Martin ( cost  Rs 4 crores)

12. FICCI President: Mr. Sidhartha Birla

FICCI –Federation  of Indian Chambers  of Commerce and Industry- Nainalal Kidwai is the first woman  president  of FICCI