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Entrances.
BANKING AWARENESS CAPSULE
RBI Current Reserve Ratios and Policy Rates
1
Bank Rate
8.25%
2
Repo Rate
7.25%
3
Reverse Repo Rate
6.25%
4
CRR
4%
5
SLR
21.5%
6
MSF
8.25%
The Structure of Indian Banking
The structure of the Indian banking system can be
categorized in two ways.
The first divides the banks into three categories: the
Reserve Bank of India, commercial banks and
cooperative banks. The second divides the banks
into two categories: scheduled banks and nonscheduled banks. In both of these systems of
categorization, the Reserve Bank of India, or RBI, is at
the center of the banking structure. It holds the reserve
capital of all commercial and scheduled banks in the
country.
Scheduled Banks
The eligibility criteria exist for scheduled banks:
a) The first of which entails carrying on the business of
banking in India.
b) All scheduled banks must maintain a reserve capital
of 5 lakhs rupees in the Reserve Bank of India.
c) These are registered under the second schedule of
RBI Act, 1934.
Commericial Banks vs. Cooperative Banks
Scheduled banks in India fall into two categories:
commercial banks and cooperative banks.
Commercial banks constitute those banks driven by
profit. These banks exist for no other reason than
generating capital. Cooperative banks technically
constitute cooperative institutions with an elected
managing committee, provisions for the protection of
members' rights and a set of communally developed
and approved by laws and amendments.
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3. Crossed Cheque
Crossing of cheque means drawing two parallel lines on
the face of the cheque with or without additional words
like "& CO." or "Account Payee" or "Not Negotiable". A
crossed cheque cannot be encashed at the cash counter
of a bank but it can only be credited to the payee's
account.
4. Ante-Dated Cheque
If a cheque bears a date earlier than the date on which
it is presented to the bank, it is called as "ante-dated
cheque". Such a cheque is valid upto 3 months from the
date of the cheque.
5. Post-Dated Cheque
If a cheque bears a date which is yet to come (future
date) then it is known as post-dated cheque. A post
dated cheque cannot be honoured earlier than the date
on the cheque.
6. Stale Cheque
If a cheque is presented for payment after 3 months
from the date of the cheque it is called stale cheque. A
stale cheque is not honoured by the bank.
7. A self cheque
A self cheque is written by the account holder as pay
self to receive the money in the physical form from the
branch where he holds his account.
Terms in reference to BANKING
Repo Rate
Repo rate is the rate of interest which is levied on
Short-Term loans taken by commercial banks from
RBI. Whenever the banks have any shortage of funds
they can borrow it from RBI. A reduction in the repo
rate will help banks to get money at a cheaper rate.
When the repo rate increases, borrowing from RBI
becomes more expensive.
Reverse Repo Rate
This is exact opposite of Repo rate. Reverse repo rate is
the rate at which commercial banks CHARGE on their
surplus funds with RBI. RBI uses this tool when it feels
there is too much money floating in the banking
system. Banks are always happy to keep money with
RBI since their money is in the safe hands with a good
interest. An increase in Reverse repo rate can cause the
banks to transfer more funds to RBI due to these
attractive interest rates.
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CRR Rate
Cash reserve Ratio (CRR) is the amount of cash funds
that the banks have to maintain with RBI. If RBI
decides to increase the percent of this, the available
amount with the banks comes down. RBI is using this
method (increase of CRR rate), to drain out the
excessive money from the banks.
SLR Rate
SLR (Statutory Liquidity Ratio) is the amount a
commercial bank needs to maintain in the form of cash,
or gold or government approved securities (Bonds)
before providing credit to its customers. SLR is
determined and maintained by the RBI in order to
control the expansion of bank credit. SLR is determined
as the percentage of total demand and time liabilities.
Time Liabilities are the liabilities a commercial bank is
liable to pay to the customers after a specific time
period. SLR is used to control inflation and proper
growth. Through SLR tuning, the money supply in the
system can be controlled efficiently.
Bank Rate
Bank rate is the rate of interest which is levied on Long
Term loans and Advances taken by commercial banks
from RBI. Changes in the bank rate are often used by
central banks to control the money supply.
MSF Rate:-MSF (Marginal Standing Facility Rate) is the
rate at which banks can borrow overnight from RBI.
This was introduced in the monetary policy of RBI for
the year 2011-2012. Banks can borrow funds through
MSF when there is a considerable shortfall of liquidity.
This measure has been introduced by RBI to regulate
short-term asset liability mismatches more effectively.
Base Rate:-The Base Rate is the minimum interest
rate of a Bank below which it cannot lend, except for
DRI advances, loans to bank's own employees and loan
to banks' depositors against their own deposits. (i.e.
cases allowed by RBI).
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ATM
What is an Automated Teller Machine (ATM)?
Automated Teller Machine is a computerized machine
that provides the customers of banks the facility of
accessing their account for dispensing cash and to carry
out other financial & non-financial transactions without
the need to actually visit their bank branch.
What type of cards can be used at an ATM?
The ATM debit cards, credit cards and prepaid cards
(that permit cash withdrawal) issued by banks can be
used at ATMs for various transactions.
What are the services/facilities available at
ATMs?
In addition to cash dispensing ATMs may have many
services/facilities enabled by the bank owning the ATM
such as:
Account information
Cash Deposit
Regular bills payment
Purchase of Re-load Vouchers for Mobiles
Mini/Short Statement
Loan account enquiry etc.
How can one transact at an ATM?
For transacting at an ATM, the customer inserts /swipes
his/her Card in the ATM and enters his/her Personal
Identification Number(PIN) issued by his/her bank.
What is Personal Identification Number (PIN)?
PIN is the numeric password which is separately mailed
/ handed over to the customer by the bank while
issuing the card. Most banks require the customers to
change the PIN on the first use.
Can these cards be used at any bank ATM in the
country? Is the customer charged for the same?
Yes. The cards issued by banks in India may be used at
any bank ATM within India. However the savings bank
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PSL in detail
1. What is meant by Priority Sector?
Priority sector refers to those sectors of the economy
which may not get timely and adequate credit in the
absence of this special dispensation. Typically, these
are small value loans to farmers for agriculture and
allied activities, micro and small enterprises, poor
people for housing, students for education and other
low income groups and weaker sections.
2. What are the different categories under
priority sector?
Priority Sector includes the following categories:
Agriculture
Micro, Small and Medium Enterprises
Export Credit
Education
Housing
Social Infrastructure
Renewable Energy
Others
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Foreign
banks
with less
than 20
branches
40 percent
of Adjusted
Net
Bank
Credit
or
Credit
Equivalent
Amount of
Off-Balance
Sheet
Exposure,
whichever
is higher; to
be achieved
in a phased
manner by
2020
Not
applicable
Micro
7.5 percent of ANBC or Not
Enterprises Credit Equivalent Amount Applicable
of Off-Balance Sheet
Exposure, whichever is
higher to be achieved in
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Manufacturing sector
Enterprises
Investment in plant and
machinery
Micro Enterprises Do not exceed twenty five lakh
rupees
Small Enterprises More than twenty fivelakh rupees
but does not exceed five crore
rupees
Enterprises
Investment in equipment
Micro Enterprises Does not exceed ten lakh rupees
Small Enterprises More than ten lakh rupees but
does not exceed two crore rupees
5. What is the loan limit for education under
priority sector?
Loans to individuals for educational purposes including
vocational courses upto `10 lakh for studies in India
and `20 lakh for studies abroad are included under
priority sector.
6. What is the limit for housing loans under
priority sector?
Loans to individuals up to 28 lakh in metropolitan
centres (with population of ten lakh and above) and loans
up to 20 lakh in other centres for purchase/construction
of a dwelling unit per family provided the overall cost of
the dwelling unit in the metropolitan centre and at other
centres should not exceed 35 lakh and 25 lakh
respectively.
7. Limits under Social infrastructure
Bank loans up to a limit of 5 crore per borrower for
building social infrastructure for activities namely schools,
health care facilities, drinking water facilities and sanitation
facilities in Tier II to Tier VI centres.
8. Limits under Renewable Energy
Bank loans up to a limit of 15 crore to borrowers for
purposes like solar based power generators, biomass
based power generators, wind mills, micro-hydel plants
and for non-conventional energy based public utilities viz.
street lighting systems, and remote village electrification.
For individual households, the loan limit will be 10 lakh
per borrower.
What is Bancassurance?
It is the term used to describe the partnership or
relationship between a bank and an insurance company
whereby the insurance company uses the bank sales
channel in order to sell insurance products.
Balance of Trade:
The value of a countrys exports minus the value of its
imports. Unless specified as the balance of merchandise
trade, it normally incorporates trade in services,
including earnings (interest, dividends, etc.) on financial
assets.
Balance of Payments:
A list of all of a countrys international transactions for a
given time period, usually one year. Payments into the
country (receipts) are entered as positive numbers,
called credits; Payments out of the country (payments)
are entered as negative numbers called debits. A
single numbers summarize all of a countrys
international transactions: the balance of payments
surplus.
NOSTRO Account:
A Nostro account is maintained by an Indian Bank in
the foreign countries.
VOSTRO Account:
A Vostro account is maintained by a foreign bank in
India with their corresponding bank.
Lead Banking Scheme: Under this scheme all the
nationalized banks and few private sector banks were
allowed specially and were asked to play the Lead
Role. The lead banks act as a leader to bring about coordination of cooperative banks, commercial banks and
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Quality,
Nationalization of Banks
How many banks were nationalized during the
first stage in our country?
Nineteen banks were nationalized during the first
stage on 19.07.1969
A separate act namely Banking companies
acquisition and undertakings act 1970 was promulgated
in order to commence the banks as nationalized banks
The following banks were nationalized during the first
stage:
a) Central Bank of India; b) Bank of Maharashtra; c)
Dena Bank; d) Punjab National Bank; e) Syndicate
Bank; f) Canara Bank; g) Indian Bank; h) Indian
Overseas Bank; i) Bank of Baroda; j) Union Bank of
India; k) Allahabad Bank; l) United Bank of India; m)
United Commercial Bank; n) Bank of India.
What do you mean by the second stage of bank
nationalisation?
While fourteen banks were nationalized on 19.7.1969,
six banks were once again nationalized during the year
1980 on 15.4.1980 with an objective to achieve the
social
objectives
The following are the banks which were nationalized
during 1980: Andhra Bank, Punjab and Sind Bank, New
Bank of India, Vijaya Bank, Corporation Bank, Oriental
Bank
of
Commerce
New Bank of India subsequently merged with Punjab
National Bank
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Financial inclusion
Financial inclusion involves
1) Give formal banking services to poor people in
urban & rural areas.
2) Promote habit of money-savings, insurance,
pension-investment among poor-people.
3) Help them get loans at reasonable rates from
normal banks. So they dont become victims in the
hands of local moneylender.
Three important initiatives taken by RBI for
financial inclusion:
1) Lead banking scheme (LBS).
RBI asked every bank to choose a particular district.
That Bank will be responsible for promoting banking
services and financial literacy, in that district.
2) No frills account replaced in 2012 by BSBDAPoor people can open bank accounts with ZERO
balance on 10th august 2012 no frills replaced by basic
saving bank account
3) Business Correspondents (BC) system.
Business correspondents are bank representatives. they
personally goes to the area allotted to them and carry
out banking.
They help villagers to open bank accounts.
They help villagers in banking transactions. (deposit
money, take money out of savings account, loans
etc.)
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BASEL-3 NORMS
The Basel Committee is the primary global standardsetter for the prudential regulation of banks and
provides a forum for cooperation on banking
supervisory matters. Its mandate is to strengthen the
regulation, supervision and practices of banks
worldwide with the purpose of enhancing financial
stability.
Stefan
Ingves,
Governor
of Sveriges
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BANKING ABBREVIATIONS
1. PSBs: PUBLIC SECTOR BANKS
2. SNBCs: SCHEDULE NON COMMERCIAL BANKS
3. SENSEX: SENSITIVE INDEX OF STOCK EXCHANGE
4. GNP: GROSS NATIONAL PRODUCT
5. KYC: KNOW YOUR CUSTOMER
6. RTGS: REAL TIME GROSS SETTLEMENT
7. NEFT: NATIONAL ELECTRONIC MONEY TRANSFER
8. EFT: ELECTRONIC FUND TRANSFER
9. CBS: CORE BANKING SOLUTIONS
10. LIBOR: LONDON INTERBANK OFFERED RATE
11. MIBOR: MUMBAI INTERBANK OFFERED RATE
12. MIBID: MUMBAI INTERBANK BID RATE
13. SARFAESI:
SECURITISATION
AND
RECONSTRUCTION OF FINANCIAL ASSETS AND
ENFORCEMENT OF SECURITY INTEREST
14. CAMELS: CAPITAL ADEQUECY RATIO, ASSET
QUALITY, MANAGEMENT OF EFFECTIVENESS,
EARNING OF PROFITABILITY, LIQUIDITY, SYSTEM
AND CONTROLS
15. CAR: CAPITAL ADEQUECY RATIO
16. FIIs: FOREIGN INSTITUTIONAL INVESTMENTS
17. FDI: FOREIGN DIRECT INVESTMENT
18. IPO: INITIAL PUBLIC OFFERING
19. MICR: MAGNETIC INK CHARACTER READER
20. BIRD:
BANKERS
INSTITUTE
OF
RURAL
DEVELOPMENT
21. IBA: INDIAN BANK ASSOCIATION
22. BPLR: BENCHMARK PRIME LENDING RATE
23. ICICI: INDUSTRIAL CREDIT AND INVESTMENT
CORPORATION OF INDIA
24. HDFC:
HOUSING
DEVELOPMENT
FINANCE
CORPORATION
25. IRDA:
INSURANCE
REGULATORY
AND
DEVELOPMENT AUTHORITY
26. SWOT:
STRENGETH,
WEEKNESSES,
OPPORTUNITIES AND THREATS
27. SWIFT: SOCIETY FOR WORLDWIDE INTERBANK
FINANCIAL TELECOMMUNICATION
28. FERA: FOREIGN EXCHANGE REGULATORY ACT
29. FEMA: FOREIGN EXCHANGE MANAGEMENT ACT
30. CASA: CURRENT AND SAVING ACCOUNT
31. NDTL: NET DEMAND & TIME LIABILITIES
32. NASDAQ:
NATIONAL
ASSOCIATION
FOR
SECURITIES DEALERS AUTOMATED QUOTATIONS
33. CIBIL: CREDIT INFORMATION BUREAU OF INDIA
LIMITED
34. NAV: NET ASSET VALUE
35. ICRA: INDIAN CREDIT RATING AGENCY
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holders
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FINANCIAL SCHEMES
Jan Dhan Yohana Yojana
Aim - scheme to promote financial inclusion:
Prime Minister Narendra Modi launched
'Pradhan Mantri Jan
Dhan Yojana' to help the
poor open bank accounts.
The slogan for the Pradhan Mantri Jan Dhan
mission is Mera Khata Bhagya Vidhaata.
Benefits :
i. Every individual who opens a bank account
will become eligible to receive an accident
insurance cover of up-to Rs. 1 Lakh.
ii. HDFC Ergo General Insurance will provide the
accident cover under the scheme.
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5.
6.
7.
8.
9.
10.
11.
Scheme & Plan Launched by Union & State
Government:
1. Union Government launches FAME-India scheme to
boost electric, hybrid vehicle sales.
2. Prime Minister Narendra Modi launched Give it Up
campaign at the annual energy-focussed summit
Urja Sangam 2015. The campaign seeks to extort
the better off sections of society to forego their
liquefied petroleum gas (LPG) subsidy, which
would be utilised in providing subsidised LPG
connections to the poor.
3. Union Ministry of Home Affairs (MHA) has renamed
Tourist
Visa
on
Arrival-Electronic
Travel
Authorization scheme (TVoA-ETA) to e-Tourist Visa
4. Railways today launched E-Samiksha, an online
monitoring mechanism, with an aim of monitoring
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Padma Vibhushan:
1. LK Advani- Public Affairs- Gujarat
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5. Germany: 12 14 April
2. Mongolia: 16 17 May
Highlights:
A. Mongolia and India are keen to move forward on the
MoU for Uranium supply that the two countries had
entered in 2009.
B. Mongolia is keen on Indian helping the country in
cyber security.
C. Help in border patrolling is another area where the
two countries will be stepping up the ties.
* Key person --Chimed SaikhanbilegPM
Highlights:
The PMs visit to Germany was widely covered by the
media there especially his inauguration of the famous
Hannover industrial fair along with German Chancellor
Angela Merkel.
A. Both leaders spoke in favour of a free trade
agreement between the European Union and India. PM
Modi said that this was important for the expansion of
India as a manufacturing hub.
B. The joint statement by both countries recognized the
establishment of a working group on urban
development.
* Germany chancellor--- angela merkel
6. France: 9 12 April
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Highlights:
* 20 pacts signed between India and France
*Participate in the Make In India programme in
defense, civil nuclear power and food processing
* India asked France to supply 36 Rafale fighter jets in
fly-away condition
* Key Person-French President Francois Hollande.
7. Singapore: 29 March
Highlights:
A. Prime Minister Modi attended the state-funeral of Lee
Kuan Yew,
* The first Prime Minister of Singapore.
* There, at the sidelines, he met several world leaders
including Israeli President.
*It was his first visit to Singapore and he is expected to
visit again during the later part of the year for golden
jubilee celebration of India-Singapore diplomatic
relation.
8. Sri Lanka - 13 14 March
Highlights:
4 agreements with Sri Lanka:
* Customs pact to balance trade,
* Credit line of more than $300 million,
* Currency swap agreement
* Visa on arrival for Sri Lankan nationals in India.
* Prime Minister Narendra Modi today flagged off a
train service at the north-western Sri Lankan town of
.The newly-constructed 63-km railway track between
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3.
9.Mauritius - 11 13 March
6.
* Highlights:
AGGREMENTS: Total 5
A. India Offers $500 Million Credit to Mauritius During
PM Modi's Visit, 5 Pacts Signed
# Indian line of credit of $ 200 million initially meant for
the light railway transit system to projects in the water
and energy sector.
B. Modi was the Chief guest at the Mauritian National
Day on 12 March
* Key persons--PM of mauritius--aniruthJugnauth
4.
5.
7.
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9.
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Australian Open
Men's Single - Winner = Novak Djokovic (Serbia),
Runner Up = Andy Murray (UK)
Women's Single - Winner = Serena Williams (USA),
Runner Up = Maria Sharapova (Russia)
T20:
1. India -2016
2. Australia - 2020
Test:
1. England 2017 (for first time).
2. India - 2021.
IPL 2015
IPL 2015
IPL 2015
IPL 2015 Runner Up
Orange Cap
Purple Cap
Emerging Player
Highest Individual
Score
Most Number of Sixes
Winner
Mumbai Indians
Chennai Super Kings
David Warner
Dwayne Bravo
Shreyas Iyer
AB De Villiars
Chris Gayle
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1. 2018 : Russia
2. 2022: Qatar
Commonwealth Games venues:
1. 2014 Glasgow (Scotland).
2. 2018 Gold Coast (Australia).
Olympics Games venues:
1. 2014 winter: Sochi (Russia) Russia tops in the
medal tally in 2014 winter Olympic games.
2. 2016 Summer: Rio de Janeiro (Brazil)
3. 2018 winter: Pyeongchang (South Korea)
4. 2020 summer: Tokyo (Japan)
News
Related
To
Defence,Science
and
Technology
1. Defence Minister Manohar Parrikar launched the
country's
first
indigenously-built
Scorpene
submarine at the Mazagaon Dockyard Ltd in
Mumbai.
2. Isro IRNSS-1D Launch Puts India a Step Closer to
Own GPS-Like System.
3. HAL has delivered Orbiter Craft Module Structure
of Chandrayaan-2 to ISRO Satellite Centre (ISAC).
4. Brightest Galaxy in Early Universe named after
Cristiano Ronaldo as CR7.
5. India successfully test-fired its nuclear-capable
Dhanush ballistic missile with a strike range of 350
km from a naval ship off the Odisha coast.
6. India successfully test-fired nuclear weaponscapable Agni-III ballistic missile from the Wheeler
Island off Odisha coast. The missile has a strike
range of more than 3,000 k.m.
7. The Indian Navy launched Visakhapatnam, the
first of stealth destroyers under the P15-B project.
8. Surface-to-air short range Akash missile system
inducted into Indian Army.
9. A strategically important new Naval base INS
Sardar Patel was commissioned in Porbandar.
10. India-Singapore bilateral naval exercise SIMBEX-15
commences in Singapore.
11. In an attempt to practise using highways for
emergency landings, an IAF Mirage 2000 jet
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12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
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Business News
1. Snapdeal acquires majority stake both in
RupeePower and FreeCharge.
2. Online fashion retailer Myntra shut it's website on
1st May 2015; to be available as a mobile app only
3. Cricketer Yuvraj Singh starts his new innings as
businessman with YouWeCan Ventures, aiming to
support young entrepreneurs by investing in
startups across sectors.
4. Major Indian Steel Companies viz. Steel Authority
of India Limited (SAIL), Tata Steel, JSW Steel of
Jindal Group, Jindal Steel and Power Limited,
Rashtriya Ispat Nigam Limited (RINL), National
Mineral Development Corporation (NMDC) and
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5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
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18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
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launched
its
consumer
complaint
mobile
application ASCIonline, to provide consumer
complaint services on a mobile app besides
providing the facility online.
Anil Ambani-led Reliance Power signed an
agreement to invest $ 3 billion in setting up a
mega power plant and a floating LNG import
terminal in Bangladesh which faces acute power
shortages.
SpiceJet signs deal to sell tickets to waitlisted
railway travellers.
After fighting tooth and nail with online retailers,
the apex body of small traders, Confederation of
All India Traders (CAIT), has decided to launch its
own ecommerce portal named 'e-Lala'.
Microsoft begins rebranding of Nokia Priority
Stores.India is the first country among Microsoft's
global markets to roll out the new look for its retail
outlets.
Reliance Capital, part of Anil Ambani-led Reliance
Group appointed B Gopkumar as chief executive of
its broking and distribution business.
State-run BSNL launched free roaming, , which will
allow all its mobile customers across the country to
receive incoming calls at no cost.
The National Association of Software and Services
Companies (Nasscom) signed an MoU with India
Electronics and Semiconductor Association (IESA)
to speed up 'Make in India' and 'Digital India'
agenda for electronic system design and
manufacturing (ESDM) and IT.
FDI in services sector up 46% in 2014-15.
Future Group's Retail Business to Merge With
Bharti Retail.
Microsoft India unveiled Edu-Cloud, a cloud
computing-based offering, designed to offer digital
learning and teaching in schools and higher
educational institutions through virtual learning
platforms in India.
India is home to 56 of the worlds 2000 largest and
most powerful public companies, according to the
Forbess annual list which is topped by the US with
its share of 579 companies.
Reliance Industries has signed up for a $750
million loan, backed by Korea Trade Insurance
Corp, to primarily finance the procurements for its
infrastructure rollout from Samsung Electronics
and Ace Technologies Corp.
The government will sell its 10 per cent stake in
blue-chip Indian Oil Corporation (IOC) and 5 per
cent in power producer NTPC to mop up about Rs
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Page 42
30.
31.
32.
33.
34.
Days
1. World Heritage Day was observed across the world
on 18 April 2015.
2. World Haemophilia Day was observed globally on
17 April 2015 with theme Building a family of
support.
3. International Mother Earth Day was observed
globally on 22 April 2015 with the theme Its our
turn to lead.
4. National Panchayati Raj Day was observed across
India on 24 April 2015
5. World Malaria Day (WMD) was observed on 25
April 2015. The theme for the 2013-2015 campaign
is Invest in the Future. Defeat Malaria.
6. 14th June: World Blood Donor Day
7. Kerala Government declares June 22 as Snake Bird
Day.
8. India set for World Yoga Day on 21 June 2015.
9. World Press Freedom Day is annually observed on
May 3 to inform the international community that
freedom of the press and freedom of expression
are fundamental human rights.
10. Russia celebrates victory day on 9th May.
11. Every year, `National Technology Day is observed
across India on May 11.
12. The United Nations (UN) observed the
International Day for Biological Diversity (IBD) on
22 May 2015. The theme was Biodiversity for
Sustainable Development.
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Others
1. Railway Minister Suresh Prabhu introduced the
mobile app for paperless unreserved ticketing for
commuters in Egmore and Tambram suburban
sections in Chennai under Southern Railway zone.
2. Chhurim Sherpa, first woman to climb the Mount
Everest summit twice in a week.
3. Operation Raahat was in news as India launched a
massive air and sea operation to evacuate over
4000 Indian nationals from Yemen
4. India launched a relief and rescue Operation
named Maitri in earthquake hit Nepal.
5. The BJP-led NDA government has dropped the
names of former Prime Ministers Indira Gandhi and
Rajiv Gandhi from two awards. The Indira Gandhi
Rajbhasha Puraskar and Rajiv Gandhi Rashtriya
Gyan-Vigyan Maulik Pustak Lekhan Puraskar,
launched more than two decades ago, have given
way for Rajbhasha Kirti Puraskar and Rajbhasha
Gaurav Puraskar.
6. Two Indian organizations, India Army and Indian
Railways are among the worlds biggest employers.
It was revealed in a research published by the
World Economic Forum (WEF). Both organisations
employ around 2.7 million people together.
7. The government of India has released stamp s and
coins of the denomination of Rs.10 and Rs.100 on
International Yoga Day (IYD) on June 21.
8. Op DOGA to secure Yoga Day event.
9. Union Government has exempted builders from
obtaining prior green nod for construction of
Universities, School, College and Hostel facilities.
10. BIS App launched by Union Food and Consumer
Affairs Minister Ram Vilas Paswan.
11. Government to Give Rs 6,000 Crore Interest-Free
Loans to Sugar Mills.
12. Manu Prakash, who amazed the world last year by
building a paper microscope, has now come up
with a computer that works by moving water
droplets.
13. The countrys current account deficit (CAD)
narrowed sharply to USD 1.3 billion, or 0.2 per
cent of Gross Domestic Product (GDP), in the
fourth quarter. The CAD shrank to 1.3 per cent of
GDP for full financial year 2014-15.
14. The Foreign Investment Implementation Agency, a
brainchild of the former Vajpayee government, is
set to get a new lease of life under Prime Minister
Narendra Modi.
15. Union Government has scrapped customs import
duties for drugs and test kits used to treat Human
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Page 43
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
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Page 44
UNION BUDGET
Key Highlights Quoting PAN a must for all purchases above Rs
1,00,000
Corporate tax reduced from 30% to 25% over next
four years
Defence allocation for this fiscal is Rs 2,46,727 crore.
AIIMS to be set up in J&K, Punjab, Tamil Nadu,
Himachal Pradesh and Assam.
Govt to raise visa-on-arrival facilities to 150 countries
from 43
Govt to introduce Indian gold coin with Ashoka sign
on it.
Proposal of 5 ultra mega power projects for 4,000 MW
each.
Investment in infrastructure to go up by Rs 70,000
crores.
GST to be put in place by April 1, 2016.
All contributions to Sukanya Samridhi scheme to be
tax free.
Transport allowance, which is currently Rs 800 per
month, has been increased to Rs 1600 per month.
Additional deduction of Rs 50,000 for pension
contributions.
Govt increases limit of deduction of health insurance
premium from Rs 15,000 to Rs 25,000.
100% deduction for contribution to Swachch Bharat
and Clean Ganga schemes.
Rs 150 core to create world class IT hub in India.
Net gain from tax proposals seen at 150.68 billion
rupees in 2015-16.
Direct tax proposals will lead to loss of Rs 8,315 crore;
indirect proposal will yield Rs 23,383 crore.
Yoga included in the ambit of charitable purposes
under the Income Tax Act.
Questionnaire on Union Budget
1. In the Union Budget, rate of Service Tax was hiked
from 12% to ____ - 14%
2. In the Union Budget 2015-16, Fiscal deficit seen at
how much per cent of GDP in 2015/16? - 3.9 %
3. How much amount has been allocated to the Rural
Infrastructure Development Bank in the Union
Budget 2015-16? - Rs. 25,000 crore
4. According to the Union Budget, two new IIM will be
opened in which of the following states? -Jammu
& Kashmir and Andhra Pradesh
5. According to the Union Budget 2015-16, NonBanking Financial Companies (NBFCs) registered
with Reserve Bank of India (RBI) above _______
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Page 45
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Page 46
STATIC GK CAPSULE
United Nations Headquarters
CABINET MINISTERS
Narendra Modi Personnel, Public Grievances and
Pensions,
Department
of
Atomic
Energy,
Department of Space, All important policy issues
and all other portfolios not allocated to any Minister
Rajnath Singh Home Affairs
Sushma Swaraj External Affairs, Overseas Indian
Affairs
Arun Jaitley Finance, Corporate (Additional charge
Affairs Information and Broadcasting)
Manohar Parrikar Defence
M Venkaiah Naidu Urban Development, Housing,
Urban Poverty Alleviation, Parliamentary Affairs
Nitin Gadkari Road Transport and Highways,
Shipping
Suresh Prabhu Railways
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International Organizations
UNO (United Nations Org)
UNICEF
UNCTAD (United Nations
Conference on Trade &
Development)
WHO (World Health Org)
ILO (International Labour Org)
WMO (World Meteorological Org)
World Intellectual Property Org
International Standards Org.
IMF (International Monetary
Fund)
World Bank
UNESCO (United Nations
Educational Scientific and
Cultural Org)
OECD (Org. for Economic
Cooperation and Dev.)
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Headquarters
New York
New York
Geneva
Geneva
Geneva
Geneva
Geneva
Geneva
Washington DC
Washington DC
Paris
Paris
Page 47
Vienna
Vienna
Vienna
London
London
London
The Hague
Rome
Brussels
Berlin
Kathmandu
Jakarta
Singapore
Jeddah
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Page 49
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Page 50
Securities
and
Exchange
Board of
India
(SEBI)
Insurance
Regulatory
and
Developme
nt
Authority
(IRDA)
Telecom
Regulatory
Authority of
India
(TRAI)
Forward
Markets
Commissio
n
Pension
Fund
Regulatory
Developme
nt Authority
(PFRDA)
Sectors
Financial
system and
monetary
policy,
Money
Market
Security &
Capital
Market,
stock
broking &
Merchant
Banking,
Nidhis, Chit
Fund
Chairman
Raghuram
Rajan
Headquarter
Mumbai
U.K. Sinha
Mumbai
Insurance
industry
T. S.
Vijayan
Hyderabad
Telecommu
nication
Industry
Rahul
Khullar
New Delhi
Commodity
Market
Ramesh
Abhishek
Mumbai
Pension
sector
Hemant
Contractor
New Delhi
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Page 51
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Page 52
IMPORTANT DAYS(TRICKS)
1) January:
In January there are 5 important days
1)12 jan-National youth day (rashtriya yuva diwas)
2) 15 jan-Army day (sena diwas)
3)24 jan-National girl child day (rashtriya balika
diwas)
4) 25 jan- National tourism day/ voter day
5) 30 jan- National martyr day(rashtriya shahid
diwas)/ Anti leprosy day
Story subject- January me mere ghar 5 tarah ke
log aaye
Trick with story- January me mere ghar paanch
tarah ke log aaye
jinme 12 yuva,15 sena ke log,24 balikaye,25-25
tourism aur voter or 30 shahid ke parivar ke log jo
leprosy ke shikar the.
Note-12,15,24,25,30 is days.
(2) February:
1) 4 feb- world Cancer day
2) 28 feb-National Science day
In February only 2 important days.
No of days-2(both related to science)
Story subject- February me science ne 2
experiment kiye
Trick-" February me science ne do experiment
kiye jinme 4 cancer ke marizo ko thik karne me
28 vigyan(science) ka use hua".
4) April:
1) 2 april -Autism awareness day in
(AADami)/World autism day
2) 7 april- world health day
3) 21 april- Civil service day
4) 22 april- Earth day
5) 24 April- National Panchayati Raj day
No. Of days=5
Subject-chaar (april is 4th month) ka paanch
short
Trick with story2 AADamiyo be acche helath ke sath (7) 21 baar civil
service ka exam diya or ve do do (22) bar is dharti
(earth) par pass hue or end me 24 vi baar me unhe
Panchayat vibhag mila. (Hard work pays off)
5) May:
1) 1 may- international labour day
2) 3 may- world press freedom day
3) 11 may- National technology day
4) 21 may- Anti- terrorism day/death of Rajiv gandhi
5) 31 may- Anti-Tobacco day
No. Of days=5
3) March:
1)8 mar- International women day
2) 12th Mar-world kidney day
3) 15 mar-world consumer right day
4)20 mar- world sparrow day/happiness day(khushi
diwas)
5) 21 mar- World forest day
6) 22 mar- world water day
7) 23 mar- meteorological day
8) 24 mar- World T.B day
No. Of days=8
7) july
1) 1 july - National Doctor's day
2) 11july - world population day
No. Of days- 2
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Page 53
(11) November:
1) 17 Nov- World Students day
2) 18 nov- World Adults day
3) 19 nov- World Citizens day
4) 26 nov- National laws day
No.of days= 4
Subject - 114=44 ( means in nov. four days)
Trick with story "17 saal ke students jab 18 saal ke adults hue to
unhe 18 saal ke Citizens ne unhe 26 national laws
sikhaye".
Note- (17,18,19) saal ke bachhe
(12) December:
1) 1 dec- AIDS day
2) 2 dec- World computer literacy day
3) 4 dec- Navy day
4) 10-dec- human rights day
5) 14 dec- National Energy Conservation Day
6) 24 dec- national consumers day
7) 25 dec- Good governance day(India)
No. Of days- 7
Subject - December ke sath sath (7) saal bhi chala
gaya.
Tricks with story"1 Add (AIDS) me likha tha 2 computer literate ki
jarurt hai 4 dino ke ander Navy me jiske liye 10
human ne apne rights ke sath apply kiya or 14 dec.
Ko full energy ke sath interview diya or 24 ghante me
unhe national consumers ki post mili , is tarah 25
saal me unhe Good gav. Job mil gai" :))
TWO SAME DAYS FUNDA:
1) 12 jan- National youth day
2) 12 aug- International youth day
Trick- "jane na (national) you(youth) ko kya oogI
(aug- International) ho you(youth)"
1)15 mar- World consumers rights day
2) 24 dec- National consumer rights day
Trick- Pahle consumers march me world me aaye
rights lene fir December me india (nation) me rights
liya.
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