<a href='https://bankingduniya.blogspot.com/' itemprop='url' title='Banking Duniya'> Banking Duniya

In India Reserve Bank of India (RBI) fixes the various rates to control the money market. These are known as money market instrument. By these rates RBI increase or Decreases the Inflation in the market and stabilize the market. RBI has the capacity to revise these rates at any time. Here we have listed the Current Current Repo Rate, Reverse Repo,CRR, SLR, MSF, Bank Rate and FDI Limits in Various Sectors. In SBI Associate PO, SBI Clerk, IBPS PO, IBPS Clerk, LIC AAO and RBI Grade 'B' Officer and Assistant Exams you will get a definite question on any of these rates. Here we have also listed the Foreign direct investment (FDI) Limits in Various Sectors. These rates are upto 30, Sept, 2014 .

Current Repo Rate, Reverse Repo,CRR, SLR, MSF, Bank Rate and FDI Limits 2014

Remember As on 30, Sept, 2014, RBI (Reserve Bank of India) in its fourth bimonthly monetary policy statement kept the key policy rate unchanged.

Repo Rate : 8%
Reverse Repo : 7%
CRR : 4%
SLR : 22%
MSF : 9%
Bank Rate : 9%

NOTE : If you want to know the definition of these rates then click here to read the detail articles on these rates. Click Here

Foreign direct investment (FDI) Limits:

Q. What is the meaning of Foreign direct investment (FDI) Limits ?

Ans : A Foreign direct investment (FDI) is a controlling ownership in a business enterprise in one country by an entity based in another country.

Defence : Raised to 49% from 26%
Pension : 49 %
Insurance : Raised to 49% from 26%
Print Media : 26 %
Civil Aviation : 49 %
Public Sec. Banks : 20 %
Private Sec. Banks : 74 %
Multi Brand : 51 %
Single Brand : 100 %
Tourism : 100 %

Memorize these rates, you will e asked to answer any of these limits in the upcoming SBI PO or IBPS Clerk Exams.

General Awareness Questions on New Appointment in The World 2014 for Banking Exams

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Dear readers, here we are listing the recent appoint all over the world. You will get one or two question from the recent appointment in the world in Banking Exam. In the upcoming IBPS, SBI, RBI exams you will get question from this article.

New Appointment in The World 2014 - Questions for Banking Exams

1. Dilma Rousseff re-elected as Brazilian President for 2nd term

2. Joko Widodo elected as New President of Indonesia

3. Khaled Bahah elected as new Prime Minister of Yemen

4. Leah Kalanguka crowned as Miss Uganda 2014

5. Ron Klain : President Barack Obama appointed a former chief of staff Ron Klain as Ebola "czar."

6. Pratima Dharm : Georgetown University appoints Pratima Dharm as first Hindu priest

7. John Key re-elected as the Prime Minister of New Zealand for a third term

8. Ashraf Ghani sworn in as Afghanistan President. He replaced Hamid Karzai

9. Voreqe Bainimarama new Prime Minister of Fiji

10. Lieutenant General Rizwan Akhtar appointed Inter-Services Intelligence (ISI) chief

11. Leonardo DiCaprio appointed as UN Messenger of Peace

12. Kaushik Basu: International Economic Association appointed as President-Elect
Note: Amartya Sen became the first Indian to join IEA.

13. Subhash Chandra Garg appointed as Executive Director (ED) in World Bank.

14. Sergio Marchionne new Ferrari chairman. He replace Luca Cordero di Montezemolo

15. TCS re-appoints N Chandrasekaran as CEO

16. Recep Tayyip Erdogan: Turkey's new president

17. Haider al-Abadi : New Iraqi Prime Minister

18. Chief Prayuth Chan-ocha elected new PM of Thailand

19. Jacob Zuma sworn in as South Africa's President for second term

20. (CAG) Comptroller & Auditor General of India, Shashi Kant Sharma took charge as member of UN Board Of Auditors

21. Emma Watson, the British Actress appointed as the Goodwill Ambassador for UN Women.

22. Michelle Howard became the first female four-star admiral in US Navy. She is the first women
admiral in 236 year old history of US Navy.

23. Jean-Claude Juncker: named as next European Commission president

24. Chung Hung Won retained as Prime Minister of South Korea.

25. Mustafa Kamal: appointed New President of International Cricket Council (ICC).
Note: Mustafa Kamal has become the first from Bangladesh to be president of International Cricket Council (ICC).

26. N Srinivasan: appointed first chairman of International Cricket Council (ICC).

27. Juan Manuel Santos re-elected Colombia president.

28. Uganda’s Foreign Affairs Minister, Sam Kahamba Kutesa elected President for the 69th Session of United Nations General Assembly (UNGA). He replaced John William Ashe.
Note: United Nations General Assembly (UNGA) comprises 193 member nations.

29. Reuven Ruby Rivlin elected as 10th president of Israel. He succeed Shimon Peres.

30. Prince Zeid al Hussein (Jordan’s ambassador) nominated as U.N. High Commissioner for Human Rights.

31. Bashar al-Assad: elected Syria President for third time

32. Dalia Grybauskaite: new President of Lithuania

33. Peter Mutharika is new Malawi president

34. Abdel Fattah Al Sissi : New President of Egypt

Cabinet Minister of India 2014 List With Name & Their Departments

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Bharatiya Janata Party (BJP) made the Government in the center by gaining the mesurity in the leadership of Narendra Modi. Narendra Modi made the Cabinet with the list of ministers as given below. In various banking exams , you will find questions related to the name of the Cabinet Ministers with their department. Here we have listed all the cabinet ministers with their respective department which is very much important for the IBPS, SBI exams.

Cabinet Minister of India 2014 List With Name & Their Department

1. Who is the Home Minister of India ?

Ans : Rajnath Singh

2. Who is the minister of External Affairs & Overseas Indian Affairs of India ?

Ans : Sushma Swaraj

3. Who is the Finance Corporate Affairs & Defence minister of India ?

Ans : Arun Jaitley

4. Who is the Urban Development Housing and Urban Poverty Alleviation & Parliamentary Affairs minister of India ?

Ans : M. Venkaiah Naidu

5. Who is the Road Transport and Highways Shipping with Rural Development, Panchayati Raj & Drinking Water and Sanitation minister of India ?

Ans : Nitin Jairam Gadkari

Note: Nitin Jairam Gadkari given additional charge of Rural Development, Panchayati Raj & Drinking Water and Sanitation as Gopinath Munde died in Road accident.

6. Who is the Railway minister of India ?

Ans : D.V. Sadananda Gowda

7. Who is the minister of Water Resources, River Development and Ganga Rejuvenation in India ?

Ans : Uma Bharati

8. Who is the Minority Affairs minister of India ?

Ans : Dr. Najma A. Heptulla

9. Who is the Consumer Affairs, Food and Public Distribution minister of India ?

Ans : Ramvilas Paswan

10. Who is the Micro, Small and Medium Enterprises minister of India ?

Ans : Kalraj Mishra

11. Women and Child Development ministers of India ?

Ans : Maneka Gandhi

12. Who is the Chemicals and Fertilizers minister of India ?

Ans : Ananthkumar

13. Who is the Communications and Information Technology & Law and Justice minister of India ?

Ans : Ravi Shankar Prasad

14. Who is the Civil Aviation minister of India ?

Ans : Ashok Gajapathi Raju

15. Who is the Heavy Industries and Public Enterprises minister of India ?

Ans : Anant Geete

16. Who is the Food Processing Industries minister of India ?

Ans : Harsimrat Kaur Badal

17. Who is the Mines & Steel Labour and Employment minister of India ?

Ans : Narendra Singh Tomar

18. Who is the Tribal Affairs minister of India ?

Ans : Jual Oram (From Odisha)

19. Who is the Agriculture minister of India ?

Ans : Radha Mohan Singh

20. Who is the Social Justice and Empowerment minister of India ?

Ans : Thaawar Chand Gehlot

21. Who is the Human Resource Development minister of India ?

Ans : Smriti Zubin Irani

22. Who is the Health and Family Welfare minister of india ?

Ans : 70. Dr. Harsh Vardhan:

23. Who is the New Lok Sabha Speaker of India ?

Ans : Sumitra Mahajan

24. Who is the First Chief Minister of Andhra Pradesh ?

Ans : Chandrababu Naidu

25. Who is the first Chief Minister of Telangana ?

Ans : K Chandrasekhar Rao (KCR)

26. Who is appointed as Board of Governors of Philippines-based Asian Development Bank (ADB) ?

Ans : Finance Minister Arun Jaitley

27. Who is the leader of Congress in Lok Sabha ?

Ans : Mallikarjun Kharge

28. Who is the Principal Secretary to PM ?

Ans : Nripendra Mishra

29. Who is the new chief minister of Bihar ?

Ans : Jitan Ram Manjhi

30. Who is the new chief Minister (CM) of Gujarat ?

Ans : Anandiben Patel

31. Who is the new Chief Justice of India ?

Ans : R.M.Lodha (He is the 41st Chief Justice of India. He succeeds Justice P. Sathasivam. )

32. Who is the chief minister of Odisha ?

Ans : Naveen Patnaik

Some Important Appointments :

Mukul Rohatgi appointed 14th New Attorney-General of India. He replace G.E. Vahanvati

Ajit Kumar Doval appointed as new National Security Advisor

Rajiv Mathur takes over as New CIC (Chief Information Commissioner). He succeeds Sushma Singh,

Pawan Chamling sworn as Sikkim CM for record 5th time

T R Zeliang appointed new CM of Nagaland. He succeed Neiphiu Rio

Nabam Tuki sworn-in as CM of Arunachal Pradesh for second term.

Lt Gen Dalbir Singh Suhag: appointed new Army Chief. He succeed Gen Bikram Singh

Current Affairs Questions On Committees And Their Function

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In Banking exams like IBPS PO & Clerk, SBI PO & Clerk , LIC AAO, RBI Assistant & Grade 'B' officer, you will get a questions from "Committees And Their Function ". A committee will be given and their function will be asked or vice-versa. Here we have listed 27 important Committee in India from recent news with their function. It is the best possible questions for upcoming Banking Exams.

Committees And Their Function

1. K.V. Kamath panel:

Function : To examine the financial architecture for Micro, Small and Medium Enterprises (MSME) sector.

2. Gopalakrishna Committee :

Function : Capacity Building in Banks and non-Banks

3. G N Bajpai Committee:

Function : To review the investment guidelines for national pension system (NPS) schemes in private sector.

4. Scientist Raghunath Anant Mashelkar panel:

Function : To recommend best technologies for Prime Minister Narendra Modi's "Swachh
Bharat" national sanitation campaign.
Note: The terms of reference include achieving Prime Minister Modi's "Swachh Bharat" goals by 2019,

5. T S R Subramanian Committee:

Function : To review five key green laws concerning protection and conservation of environment,
forest, wildlife, water and air among others.

6. H R Khan Committee:

Function : To examine the un-claimed amount in PPF, Post Office and Savings Schemes.

7. H Devaraj Committee:

Function : Reported that most of the deemed universities are not fit for being a university.

8. Sivaramakrishnan Committee:

Function : To suggest the place to build the capital city of Andhra Pradesh

9. Former RBI Governor Bimal Jalan :

Function : To head the Expenditure Management Commission. The purpose of setting up the
commission is to cut-off the spending and review government expenditure to get maximum output.

10. Justice CS Dharmadhikari Committee:

Function : Recommended complete ban on dance bars in hotels and restaurants .

11. R. Ramanujam Committee :

Function : To review, identify and recommend amendment in obsolete laws to further smoothen and simplify the governance.

12. R.K. Singh Committee:

Function : To review parliament security

13. Hari Gautam Committee:

Function : To review present status of University Grant Commission

14. G. Padmanabhan Committee:

Function : Implementation of Bharat Bill Payment System (BPPS)

15. Nachiket Mor committee:

Function : For small and payments bank

16. Nachiket Mor Committee:

Function : To permits NBFCs to work as Business Correspondents of banks.

17. Deepak Mohanty Committee:

Function : On Data and Information Management in the Reserve Bank of India

18. PJ Nayak:

Function : To review Governance of Boards of Banks in India.

19. M P Bezbaruah:

Function : To suggest suitable remedial measures to address concerns regarding security of people from North East.

20. B. Sambamurthy:

Function : Panel favours single mobile banking app on all SIMs. Panel recommended that customers should not be required to visit the bank branch for mobile number registration.

21. Urjit Patel Committee :

Function : To examine the current monetary policy framework

22. Mukul Mudgal member panel :

Function : To probe IPL spot-fixing

23. Nachiket Mor - committee

Function : On comprehensive financial services for small businesses and low-income households.

24. Bimal Jalan panel :

Function : To scrutinize applications for new bank licenses.

25. Parthasarathi Shome :

Function : For Tax Administration Reform Commission (TARC)

26. Arvind Mayaram Panel:

Function : Report on the alleged irregularities at the National Spot Exchange Ltd (NSEL)

27. Arvind Mayaram Committee :

Function : For giving clear definitions to Foreign Direct Investment (FDI) and Foreign Institutional
Investment (FII)

Books and Authors for Competitive Exams and Bank Exams IBPS PO Clerk, SBI PO

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General Knowledge

In every competitive exams viz : Banking Exams of IBPS, SBI, SSC Exams, Railway exams you will definitely get a questions from books and their authors. It is the best section to add a mark to your total score. In the IBPS PO and Clerk and SBI PO & Clerk Exam 2014 you will get a question from this section. Here we have listed some famous books along with their authors. Prepare these books & authors questions for upcoming competitive exams like Banking and Railway.

Book and Authors for Bank Exams of IBPS & SBI

Book : And Then One Day
Author : Naseeruddin Shah's autobiography

Book :God of Antarctica
Author :Yashwardhan Shukla ( fictional tale of gods and monsters.)

Book : One Life is Not Enough (An autobiography of the former External Affairs Minister and senior Congress Party leader Natwar Singh.)
Author : Kunwar Natwar Singh

Book : Munger through the Ages authored
Author : Late Devendra Prasad Yadav

Book : The Lives of Others
Author : Neel Mukherjee ( Novel is short listed for the prestigious Man Booker Prize 2014 )

Book : The Substance and the Shadow
Author : Uday Tara Nayar, ( biography of 91-year-old actor Dilip Kumar. )

Book : Warrior State
Author : T V Paul

Book : Blood Feud
Author : Edward Klein

Book : A Bad Character
Author : Written by Deepti Kapoor.

Book : The Good, the Bad and the Ridiculous
Author : Written by Khuswant Singh

Book : Train To Pakistan
Author :  Khuswant Singh

Book : An Uncertain Glory: India and its Contradictions
Author : Jean Dreze and Amartya Sen.

Book : A Brush with Life
Author : Satish Gujral

Book : A Bend in the river
Author :  V.S. Naipaul

Book : God of Small things
Author : Arundhati Rai

Book : Inheritance of Loss
Author : Kiran Desai.

Book :  Joseph Anton
Author : Sulman Rushdie (Autobiography)

Book : “Khushwantnama : The Lessons of My Life “
Author : Khushwant singh

Book : Lajja
Author : Taslima Nasrim.

Book : My Unforgettable Memories
Author : Mamata Banerjee

Book : My Years with Rajiv and Sonia
Author : R.D.Pradhan

Book : Modi Nomics : Inclusive Economics, Inclusive Governance
Author : Sameer Kochhar.

Book : Crusader or Conspirator? Coalgate and other Truths
Author : PC Parakh

Book : The Accidental Prime Minister: The Making and Unmaking of Manmohan Singh
Author : Sanjaya Baru

Book : Revolution 2020, Half Girlfriend. One Night at The Call Centre, 3 Mistakes of My Life, 2 States
Author : Chetan Bhagat

Book : Wings of Fire
Author :APJ Abdul Kalam

Book : Assassination of Rajiv Gandhi
Author: Faraz Ahmad

Book : Gujarat’s Success Story in Water Management
Author: Sriram Vedire

Book : Munger through the Ages
Author: Devendra Prasad yadav

Book : Strictly Personal, Manmohan and Gursharan
Author: Daman Singh

Book : Vijay Mallya
Author: K. Giri Prakash

Book : Coffee-Table
Author: K. Giri Prakash

Book : A book Blood feud: the Clinton vs. the Obamas
Author: Edward Klein

Book : Warrior State
Author: T V paul

Book : A Bad Character
Author: Deepti Kapoor

Book : The Substance and the Shadow, biography of Dilip kumar
Author: Uday Tara Nayar

Book : Getting India Back on Track
Author: Bibek Debroy, Ashley tellis and reece trevor

Book : India Junction – A Window to the Nation
Author: Arunendra Kumar, the Chairman of Railway Board

Book : My years with Rajiv and Sonia
Author: R.D. Pradhan, Union Home Secretary and Governor of Arunachal Pradesh

Book : The candidate
Author: Anirudh Bhattacharya, Indian Journalist

Book : Hillary Clinton’s
Author: Hillary Clinton

Book : Lal Bahadur Shastri: Lessons in Leadership
Author: Anil Shastri and Pavan Choudary

Book : India at Risk
Author: Jaswanth Singh

Book : Akbar, The Aesthete in New Delhi
Author: Dr. Indu Anand

Book : Ambedkar Awakening India’s Social Consience
Author: Dr. Narendra Jadhav. Member of Planning Commission

Book : The Meaning of Success: Insights of Women
Author: Cambridge University

Book : Public Issues before Parliament
Author: Vijay Darda

Book : Arun Jaitley, BJP Leader
Author: Sameer Kochhar

Book : India’s Political and Foreign Relations with the Gulf Region
Author: Prof AK Pasha

Book : Sangharsh ke safar ka nayak Mulayam
Author: Nayak Mulayam

Book : Nirbhaya Ek Atmachintan
Author: Justice Chandrasekhar Dharamadhikari

Book : Unbreakable Unveiled
Author: Mary Kom

Book : Rationalised Roman for Kashmiri
Author: Dr. R L Bhat

Book : Public Issues Before Parliament
Author: Vijay Darda

Book : The Political Economy of Energy and Growth
Author: Sh. Najeeb Jung

Highlight of PM Narendra Modi Visit to US (United States)

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Prime Minister Narendra Modi visited United States of America in the afternoon on 27th September 2014. It is his first visit to US after 2002 riots in Gujarat after which US denied to give him to Visa to travel Us due to his role in Riots in which Muslim were killed mercilessly. On 28th September 2014 he addressed the Indian American community at the iconic Madison Square Garden in New York. Here are some important highlights of his US visit. Read these points, you may get few current affairs questions from this highlights in Banking Exams.

Highlights of Prime Minister Narendra Modi Visit to US (United States)

1. PM Modi visited US on 27th September 2014

2. He addressed the Indian American community at the iconic Madison Square Garden in New York on 28th Sept 2014.

3. PM announces Life Time visas for Indian People of Indian Origin (PIOs), Visa on Arrival for US visitors

4. PIO card holders staying for a long term will not have to report at the local police station

Important Point About PIO Card :

Currently PIO cards, given to those who themselves, their parents or grandparents or their spouse, were one-time Indian citizens, allow for visa-free travel to and from India. However, a PIO card is only valid for 15 years.
Also, if one’s stay in India is going to exceed 180 days on any single visit, one needs to register within 30 days of the ' expiry of 180 days with the concerned Foreigners Regional Registration Officer/Foreigners Registration Officer or local police authorities.

5. Prime Minister Narendra Modi invited New Jersey Governor Chris Christie to visit India with a trade mission. He is a popular Republican politician and a 2016 presidential election aspirant.

6. In his address to the 69th UNGA (United Nations General Assembly) Prime Minister Modi called for celebration of International Yoga Day on 21st June every year.

7. US to help in developing “smart cities” – Allahabad (UP), Ajmer (Rajasthan), Vishakhapatnam (Andhra P.)

8. India and the US have agreed to cooperate on future explorations of Mars planet.

9. NASA & ISRO signed deal to conduct joint NASA - ISRO Synthetic Aperture Radar (NISAR) mission.

10. India to participate in the Thirty Meter Telescope (TMT) project, a global consortium institutions from the US, Candara, Japan, India and China. It will be among world’s largest optical-infrared telescopes.

11. Visa-on-arrival to US nationals in 2015.

12. US-India Business Council members to invest over $41 billion in India over three years.

Cencus 2011 India Final Report & Questions for IBPS Clerk, SSC CGL,SBI PO & Railway Exam

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Census 2011 is the 15th Census of India since 1872. The motto of census 2011 was 'Our Census, Our future'. Cencus 2011 India Final Report is given below. It is very much important from the Banking, Railway and SSC Exam point of view. In this IBPS-IV Exam, some General Awareness and Current Affairs Questions were asked from this Cencus 2011. So prepare these highlights for upcoming IBPC Clerk, SBI PO, Intelligence Bureau Exams.

Questions on Cencus 2011 India Final Report

1. Who was the 2011 Census Commissioner of India ?

Ans : C Chandramuli

2. What is the total population of India according to 2011 census ?

Ans : 121 crore.

3. Which is the most populous state of India according to 2011 Cencus ?

Ans : Uttar Pradesh

4. Which is the least populous state in India ?

Ans : Sikkim

5. Which state has highest rural population ?

Ans : Uttar Pradesh

6. Which state has lowest rural population ?

Ans : Sikkim

7. Which state has highest urban population ?

Ans : Maharashtra

8. Which state has lowest urban population ?

Ans : Sikkim

9. What is the rate of growth of population of India ?

Ans : 17.64

10. What is the literacy rate in India in Cencus 2011 ?

Ans : 74.04%

11. Male Literacy rate in India ?

Ans : 82.14%

12. Female Literacy rate ?

Ans : 65.46%

13. Which is the most literate state in India ?

Ans : Kerala (93.9%)

14. Which is the least literate state in India ?

Ans : Bihar (63.82%)

15. Which is the most literate Union territory in India ?

Ans : Lakshadweep (92.2%)

16. Which is the least literate Union territory in India ?

Ans : Dadar and Nagar Haveli

17. Which state has high density of population ?

ans : Bihar (1102)

18. Which state has low density of population ?

Ans : Arunachal Pradesh (17)

19. What is the number of districts in India according to census 2011 ?

Ans : 640

20. Which State has highest sex ratio ?

Ans : Kerala (1084/1000)

21. Which state has lowest sex ratio ?

Ans : Haryana

22. What is the density of Population of India ?

Ans : 382

23. What is the sex ratio of India according to Cencus 2011 ?

Ans : 940/1000

24. Which Union territory has highest sex ratio ?

Ans : Pondicherry

25. Which union territory has lowest sex ratio ?

Ans : Lakshadweep

26. Which State has highest fertility rate in India ?

Ans : Meghalaya

Railway Budget 2014-15 Important Highlights for IBPS and SBI Bank Exams

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Railway Minister Sadananda Gowda presented the Railway Budget for 2014 on 8th July 2014. As you know the the new BJP government has already increased railway passenger fares by 14.2 per cent and the freight carriage charges by 6.5 per cent before the declaration of the Rail Budget. But this time in rail budget the main highlights are Bullet train proposed on identified Mumbai-Ahemdabad sector and Setting up of Diamond Quadrilateral Network of High Speed Rail connecting major metros. Here we have discussed all the key points of Railway Budget 2014-15 in brief it is very much useful for the upcoming Banking, SSC, UPSC and PSC exams. You will infinity get some questions from this article in the IBPS PO and IBPS Clerk Exam 2014.

Railway Budget 2014-15 Important Highlights For IBPS and SBI Bank & SSC Exams

1. 23 million passengers travel in 12,500 trains daily.

2. Finance Minister has granted additional capital of Rs. 1100 core and Rs. 273 crore as Railway share.

3. Railways carries only 31 per cent of freight carried by all modes.

4. Total estimated earnings at Rs. 1.64 Lakh Crore in 2014-15.

5. Provision of 1,785 crore for Road-over-bridges and Road-under- bridges; speedy clearances, online design standardization and decentralized sanctioning powers.

6. Gross traffic receipts in 2013-14 was Rs 12,35,558 crore; operating ratio was 94%.

7. Freight traffic growth of 4.9% amounting to 1,101.25 million tonne, an increment of 51.07 million tonne over 2013-14

8. Advanced technology for rail-flaw detection - Vehicle Borne Ultrasonic Flaw Detection System to detect rail and weld fractures and pilot trials on Ultrasonic Broken Rail Detection System (UBRD) at two locations.

9. 4000 women RPF constables to be recruited in addition to 7000 RPF constables.

10. Use of bio-diesel up to 5% of total diesel fuel consumption.

11. Recent fare and tariff hike to mop additional revenue of about Rs 8,000 cr.

12. Substantial increase of 40% in budget allocation for cleanliness.

13. Bullet train on Mumbai-Ahmadabad Sector

14. Battery operated cars for differently-abled and senior citizens at major stations.

15. Loss per passenger per kilometre up from 10p (in 2000-01) to 23p (2012-13).

16. Highest ever plan outlay of Rs 65,455 crore for 2014-15.

17. Expenditure in 2014-15 pegged at Rs 149,176 crore.

18. E-procurement to be made compulsory for procurements worth Rs 25 lakhs and more.

19. Substantial increase of 40% in budget allocation for cleaniliness

20. Byyappanahalli in Bengaluru area to be developed as a coaching terminal.

Budget Estimates 2014-15 :

Growth in passenger traffic - 2%.
Freight Earnings – Rs 1,05,770 cr.
Total Receipts - Rs 1,64,374 cr;
Total Expenditure – Rs 1,49,176 cr;
Pension estimated at Rs 28,850 cr.

Projects for Remote Areas, North-East, Andhra Pradesh and Telengana :

1. Higher funds for onging 23 projects in Northeast including 11 National Projects; Rs 5,116 cr outlay earmarked for projects of Northeast i.e. 54% higher than previous year.

2. Udhampur-Katra Rail link dedicated to the Nation

3. Focus on completion of missing link of Banihal to Katra.

4. 29 Projects, costing Rs 20,680 cr, currently running in Andhra Pradesh & Telengana.

Rail Tourism Development Measures :

1. Eco-Tourism and Education Tourism in Northeastern States.

2. Tourist Train from Gadag to Pandarpur via Bagalkot, Bijapur and Solapur covering the pilgrim and tourist places of Karnataka and Maharashtra.

3. Tourist Train from Rameshwaram covering pilgrim and tourist places like Bengaluru, Chennai, Ayodhya, Varanasi and Haridwar.

4.Special Train featuring life and work of Swami Vivekananda

IT Initiatives including revamping reservation system

* E-ticketing to support 7200 tickets per minutes to allow 1,20,000 simultaneous users.

Staff Welfare

Per capita contribution to Staff Benefit Fund increased from Rs 500 to Rs 800.

Speed of Trains

Bullet train proposed on identified Mumbai-Ahemdabad sector.
Setting up of Diamond Quadrilateral Network of High Speed Rail connecting major metros and growth centers of the country; Rs100 cr provided for initiating the project.
Increasing of speed of trains to 160-200 kmph in select 9 sectors.

New Trains :

5 new Jansadharan trains to be introduced.
5 Premium and 6 AC trains to be introduced.
27 new Express trains to be introduced.
8 new passenger services, 5 DEMU services
2 MEMU services to be introduced and run of 11 trains to be extended.

Union Budget 2014-15 Highlights for Bank Exams

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Finance minister Arun Jaitley Presented the Union Budget 2014-15 on 10th July 2014 (Thursday). Here are some important points of Union Budget 2014-15 which is very much important for the Banking Exams. You will definitely get few questions from Union Budget 2014-15 in upcoming IBPS PO , IBPS Clerk, SBI PO and Clerk Exams. So go through all these 45 points about union budget 2014-15.

Union Budget 2014-15 Highlights for Bank Exams

1. Fiscal deficit target retained at 4.1% of GDP for current fiscal

2. Fiscal deficit target 3.6% for 2015-16

3. Fiscal deficit target 3% for 2016-17

4. Revenue Deficit seen at 2.9% for FY15

5. Aim to achieve 7-8 per cent economic growth rate in next 3-4 years

6. Target Agriculture growth rate at 4 %

7. Minimum pension of Rs.1000 per month to all PP schemes.

8. Defence FDI cap raised to 49% from 26% at present

9. Insurance FDI cap raised to 49% from 26% at present

10. Exemption limit on income tax from Rs. 2 lakh to Rs. 2.5 lakh.

11. For senior citizens, the exemption on income has been raised to Rs. 3 lakh per annum.

12. Tax-free cap on home loan interest from Rs. 1.5 to Rs. 2 lakh.

13. Annual PPF upper limit to be improved from Rs 1 lakh to Rs 1.5 lakh

14. Budget Allocate for Beti Bachao, Beti Padhao Yojana' - 100 crores

15. Budget Allocate for National Rural Drinking Water - Rs 3600 cr

16. Budget Allocate for (Rural housing) national housing banking programme - Rs 8000 crore

17. Metro rails in PPP mode; for metro scheme in Ahmadabad and Lucknow - Rs. 100 cr

18. Budget Allocate to set up virtual classrooms - Rs 100 crores

19. Budget Allocate for setting up 5 more IIMs and IITs - Rs 500 crores

20. Budget Allocate for SC development - Rs 50,548 cr

21. Budget Allocate for Statue of Unity, a statue of Sardar Patel in Gujarat - Rs. 200 crore

22. Budget Allocate for irrigation plan named Pradhan Mantri Krishi Sichayin Yojana - Rs. 1000 cr

23. Budget Allocate for credit scheme for start-ups by those from scheduled castes and tribes - Rs 200 crores

24. Budget Allocate for creating Smart cities - Rs. 7060 cr

25. Budget Allocate for price stabilization fund - Rs. 500 crore

26. Budget Allocate for modernization of Madrasas - Rs. 100 crores

27. Budget allocated for Startup village to promote entrepreneurship among rural youth - Rs 100 crore

28. Budget allocated for PM Sadak Yojana - Rs. 14,389 crores

29. Budget allocated to set up six textiles cluster - Rs 200 crore

30. e-visa for 9 cities to promote tourism

31. 15 Braille press to come up.

32. Currency note with Braille-like signs.

33. Bharat Swach Yojna proposed for hygiene and cleanliness.

34. Skill India scheme to make youth employable and create more entrepreneurs.

35. Assam and Jharkhand to get Centre of Excellence on farming.

36. Senior Citizens Pension Plan Extended Till August 2015

37. 100 soil testing laboratories across the country.

38. Agriculture University in AP and Rajasthan Rs. 200 cr

39. Horticulture University in Haryana, Telangana; Rs. 200 cr

40. Crisis Management Centre for women at Delhi

41. PSU Banks to Raise Rs 2.40 Lakh Cr Capital by 2018

42. Budget allocates for Internet connectivity in villages - Rs 500 cr

43. 12 more medical colleges will be added. Rs. 500 crore allocated for this.

44. 100 soil testing laboratories across the country.

45. Budget Allocate for development of 100 'smart cities Rs 7,000 crores

46. 5 IIMs will be opened in – Bihar, Punjab, Odisha, Himachal Pradesh, Rajasthan – (BPOHR)

47. 5 IITs will be opened in – Jammu & Kashmir , Kerala, Chattisgarh , Andhra Pradesh, Goa – (JKCAG)

48. 4 AIIMs will be opened in – Andhra Pradesh, West Bengal, Purvanchal (Uttar Pradesh), Virbhadra (Maharashtra)

49. Singapore to help India in 100 smart cities project .

Most Important News Headlines & GA Questions For IBPS PO and IBPS Clerk Exam 2014

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Here are some most important news headlines related to Reserve Bank of India (RBI) in this years. These news are very much important from the Banking Exam point of view. You will get most of the Banking Awareness and General Awareness questions from these news. So once read all these important news carefully. Most of the Ga questions were asked in IBPS PO exams were from these headlines, so don't ignore it.

Most Expected News Headlines & GA Questions For IBPS PO and IBPS Clerk Exams 2014

1. RBI relaxes KYC norms for opening bank accounts.

RBI has asked banks to allow self-certified copy of the document by mail, or post for opening an account.
Banks have also been asked not to seek fresh documents, if a KYC compliant customer desires to open another account in the bank.
If the customers are unable to fulfill within a reasonable period of time, partial freezing may be introduced for KYC non-compliant customers. This means that only credits would be allowed in such accounts, but debits would not be allowed. The account holder would have the option to close the account and take back the money in the account.

NOTE :

KYC –

Know Your Customer is a term used for Customer Identification Process.
Objective : is to prevent banks being used, intentionally or unintentionally by criminal elements for money laundering.
KYC has two components – Identify and Address.

2. RBI proposed to separate Chairman and Managing Director (CMD) post of PSU banks

The Reserve Bank of India (RBI) proposed to separate the post of Chairman and Managing Director (CMD) of Public Sector Undertaking (PSU) banks.
These proposals are a part of corporate governance reforms in PSU banks and are based on the recommendations of various committees including the PJ Nayak Committee.

3. The Reserve Bank of India decided to fix the maximum age for Managing Directors and Chief Executive Officers in private sector banks at 70.

The RBI Move aligns retirement with the Companies Act 2013
Minimum age to become Manager is 21 years.
Maximum age for CEOs, whole-time directors is 70.
The P J Nayak committee recommended a maximum age of 65 for private bank CEOs.
The issue emerged when the board of Induslnd Bank cleared the extension of tenure of Romesh Sobti by another three years. Romesh Sobti is M.D. and CEO of Induslnd Bank
However, the RBI allowed only a year's extension. The move triggered speculation that the RBI wanted to fix the retirement age at 65.

4. RBI board approves essential changes, introduces COO post as proposed by Raghuram Rajan:

RBI governor create the post of Chief Operating Officer (COO), an executive who’s likely to be made responsible for executing the RBI’s reform agenda.
Rajan proposed to bring all aspects of RBI under 5 functional departments to be supervised by 4 Deputy Governors and a COO.
The position of COO is likely to be at the deputy governor level.
Nachiket Mor is seen as the most likely candidate for the post of COO. Mor is a former executive director of ICICI Bank and also chaired the RBI panel on financial inclusion.

5. CAD narrowed down to 1.7 per cent of GDP in Q1 of 2014-15: RBI

Current Account Deficit (CAD) of India narrowed down sharply to 1.7 percent of Gross Domestic Product (GDP) in the Quarter 1 (Q1) of the fiscal year 2014-15 as compared to 4.8 percent in the Q1 of 2013-14.

6. RBI issues amendments to Basel 3 norms:

Unveiling a slew of amendments in the implementation of the Basel 3 regulations, the RBI said that banks must have a provision of Point of Non-Viability (PONV) for every non-equity instrument which, when triggered, would lead to a conversion to common shares (of the bank) or a permanent write-off.
The regulator has reduced the minimum tenor after which call options are permissible in perpetual debt instruments from 10 to 5 years.
The minimum maturity of Tier 2 debt instruments has also been reduced from 10 to 5 years.

Basel-III Norms:

According to Basel Committee on Banking Supervision "Basel III is a comprehensive set of reform measures, developed by the Basel Committee on Banking Supervision, to strengthen the regulation, supervision and risk management of the banking sector".

Basel III raises the minimum required capital levels for both Tier 1 capital to 7.0 percent and Common Equity Tier 1 (CET1) capital to 5.5 percent.

7. Reserve Bank of India reduced free usage of other bank automated teller machines (ATMs) to 3 per month from 5:

Frequent withdrawal of money from ATMs will become expensive from November, with the RBI imposing a limit of 3 transactions per month from ATMs of other banks and 5 from the same bank in six metropolitan cities.
A customer will be required to pay a fee of up to Rs 20 for using Automated Teller Machines (ATMs) beyond the permitted numbers of transactions in Delhi, Mumbai, Chennai, Bangalore, Kolkata and Hyderabad.

8. RBI issued two new categories of banks—Small and Payments which can improve financial inclusion.

The idea of small and payments banks was first proposed by the Nachiket Mor committee on financial inclusion.
The minimum paid-up capital requirement of both small banks and payments banks is Rs. 100 crore.
The payments bank will have to invest in government securities with a maturity of up to one year.
Small banks will offer both deposits as well as loan products.
Payments banks will be used only for transaction and deposits purposes. Unlike small banks, payments banks can’t lend money to people.
Payments Banks cannot set up subsidiaries to undertake NBFC business.
Hence, payments banks will offer only a limited range of products such as acceptance of demand deposits andvremittance of funds.
Those eligible to set up a small bank include resident individuals with 10 years of experience in banking and finance, companies and societies, NBFCs, microfinance institutions and local area banks.
Of the minimum capital, the guidelines said, the promoters' initial minimum contribution will be at least 40 per cent, to be locked in for a period of 5 years.

9. RBI issues guidelines for NBFCs on lending against shares.

According to the guidelines applicable to NBFCs with asset size of Rs. 100 crore and above, the NBFCs have to maintain a loan-to-value (of shares pledged) of 50 per cent and accept only Group 1 securities as collateral for loans of a value more than Rs. 5 lakh.

10. RBI notified the increase in deposit money under Public Provident Fund, PPF to 1.5 lakh rupees from 1 lakh rupees.

11. The Reserve Bank of India (RBI) issued draft guidelines for implementation of Bharat Bill Payment System (BPPS), an 'anytime anywhere' bill payment system:

The G. Padmanabhan Committee was formed by RBI to study the Feasibility of Implementation of GIRO-based Payment Systems anticipated that around 30800 million bills amounting to more than 600000 crore rupees are paid each year in 20 Indian cities.

Bharat Bill Payment System is intended for the implementation of a unified bill payment system across the country.
This integrated bill payment system will comprise of two entities:
Entity operating at Bharat Bill Payment System (BBPS) will be setting up the standards related to payments, clearance and settlement process
Second entity would be Bharat Bill Payment Operating Units
(BBPOUs). It will be carrying out the operations in adherence to the standards fixed by BBPS.
Authorised entities such as agents, banks, service providers, payment gateways would be the participants at the Bharat Bill Payment System.

12. RBI tightened the Norms for asset reconstruction companies (ARC) to improve discipline and bring about transparency in the sale and purchase of bad loans.

Now, asset reconstruction companies (ARCs) will have to pay upfront 15 per cent of the bid value of non- performing loans, against five per cent earlier.
RBI said ARCs would get up to six months to plan recoveries from the non-performing assets acquired. Currently, ARCs get about a year for this.

13. The Reserve Bank of India has inked a memorandum of understanding (MoU) with the Monetary Authority of Hong Kong for exchange of supervisory information.

14. RBI permits NBFCs to work as Business Correspondents of banks:

With a view to achieve financial inclusion, the Reserve Bank of India has allowed Non-Banking Finance Companies to operate as Business Correspondents (BCs) of banks, permitting them to offer limited services. Banks will be allowed to work with non-deposit taking NBFCs as BCs.
The RBI took into account recommendations of Nachiket Mor Committee while reviewing the existing guidelines on the appointment of BCs

15. The Reserve Bank of India said banks should make all new ATMs installed from July 1, 2014 as “talking ATMs” with Braille keypads.

16. Raghuram Rajan, the Governor of the Reserve Bank of India (RBI) announced that plastic currency notes will be launched in 2015 after field trials.

17. RBI panel headed by ex-Chairman of Axis Bank, P. J. Nayak recommend for diluting govt stake in public sector banks to below 50 %. The government should cut its holding in public sector banks to under 50 per cent.

18. Reserve Bank of India granted banking licences to infrastructure financing firm IDFC and microfinance institution Bandhan

The in-principle approval will be valid for a period of 18 months during which the applicants have to comply with the requirements under the guidelines and fulfil the other conditions as may be stipulated by the RBI.
Chandra Shekhar Ghosh: CMD of Bandhan financial services
Dr. Rajiv B. Lall: Chairman of IDFC – Infrastructure Finance Company.

19. Reserve Bank of India (RBI) issued the guidelines to allow the minors of age above 10 years to independently open and operate savings bank accounts and use other facilities like ATM and cheque books.

20. RBI extended the timeline for full implementation of Basel III norms 31 March 2019 instead of 31 March 2018. RBI extends date of exchanging pre-2005 notes to Jan 1, 2015

Computer Awareness Questions Asked in IBPS PO-IV on 19th Oct 2014

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Computer Awareness

Here are some Computer Awareness Questions Asked in IBPS PO-IV on 19th Oct 2014 both in Morning session and Evening session. Please match this answer with what you have done. If you fell any answer is wrong, then comment below this post. We are happy to hear from you.

Computer Awareness Questions IBPS PO-IV

{19th Oct 2014- Morning Shift }

1. Mouse ,track ball are which type of device?

Ans : Pointing devices

2. Keyboard Short cut to BOLD a letter is what ?

Ans : CTRL + B

3. DOS is a which type of operating system ?

Ans :command Instruction

4. Data transmission takes place between mother board and component through ?

Ans : BUS

5. What is the full form of WAN ?

Ans : Wide Area Network

6. Which of the following belongs local network ?

Ans : LAN

7. Linux is a which type of software?

Ans : Operating System

8. Chip is a combinations of n number of what ?

Ans : Capacitors

9. What is the full form of URL?

Ans : Universal Resource Locator

10. What is the full form of EPROM ?

Ans : Erasable Programmable Read Only Memory

11. The details like name, data type, etc stored in ?

Ans : Data Dictionary / Table

12. Which of the following is not a programming language ?

Ans : MS-Excel

13. According to ASCII how many letters are there ?

Ans : 256

14. To go to End of the page which key you use ?

Cltr+End

Computer Awareness Questions IBPS PO-IV

{19th Oct 2014- Evening Shift }

1. What is the full form of Pdf ?

Ans : Portable Document Format

2. What is the full form of Virus ?

Ans : Vital Information Resources Under Seize

3. What is the full form of GUI ?

Ans : Graphic User Interface

General Awareness (GA) Questions Asked in IBPS PO-IV Exam on 19th October 2014

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