Banking Terms

1. What is a Repo Rate?

A: Repo rate is the rate at which our banks borrow rupees 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.
2. What is Reverse Repo Rate?
A: This is exact opposite of Repo rate. Reverse Repo rate is the rate at which Reserve
Bank of India (RBI) borrows money from banks. RBI uses this tool when it feels there is
too much money floating in the banking system. Banks are always happy to lend money
to RBI since their money is in safe hands with a good interest. An increase in Reverse
repo rate can cause the banks to transfer more funds to RBI due to this attractive interest
rates.
3. What is CRR Rate?
A: Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep 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.3
4. What is SLR Rate?
A: SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in
the form of cash, or gold or govt. approved securities (Bonds) before providing credit to
its customers.
SLR rate is determined and maintained by the RBI (Reserve Bank of India) in order to
control the expansion of bank credit. SLR is determined as the percentage of total
demand and percentage of time liabilities. Time Liabilities are the liabilities a
commercial bank liable to pay to the customers on their anytime demand. SLR is used to
control inflation and propel growth. Through SLR rate tuning the money supply in the
system can be controlled efficiently.
5. What is Bank Rate?
A: Bank rate, also referred to as the discount rate, is the rate of interest which a central
bank charges on the loans and advances that it extends to commercial banks and other
financial intermediaries. Changes in the bank rate are often used by central banks to
control the money supply.
6. What is Inflation?
A: Inflation is as an increase in the price of bunch of Goods and services that projects the
Indian economy. An increase in inflation figures occurs when there is an increase in the
average level of prices in Goods and services. Inflation happens when there are fewer
Goods and more buyers; this will result in increase in the price of Goods, since there is
more demand and less supply of the goods.
7. What is Deflation?
A: Deflation is the continuous decrease in prices of goods and services. Deflation occurs
when the inflation rate becomes negative (below zero) and stays there for a longer period.
8. What is PLR?
A: The Prime Interest Rate is the interest rate charged by banks to their most
creditworthy customers (usually the most prominent and stable business customers). The
rate is almost always the same amongst major banks. Adjustments to the prime rate are
made by banks at the same time; although, the prime rate does not adjust on any regular
basis. The Prime Rate is usually adjusted at the same time and in correlation to the
adjustments of the Fed Funds Rate. The rates reported below are based upon the prime
rates on the first day of each respective month. Some banks use the name "Reference
Rate" or "Base Lending Rate" to refer to their Prime Lending Rate.
9. What is Deposit Rate?
A: Interest Rates paid by a depository institution on the cash on deposit.
Policy Rates:
Bank Rate: 6.00%
Repo Rate: 5.25%
Reverse Repo Rate: 3.75%
Reserve Ratios:
CRR: 6.00%
SLR: 25.0%
Lending/Deposit Rates:
PLR: 11.00%-12.00%.
Deposit Rate: 6.00%-7.50%.
. Savings Bank rate: 3.5%.
Note: Rates as on 14-05-10.
10. What is FII?
A: FII (Foreign Institutional Investor) used to denote an investor, mostly in the form of an
institution. An institution established outside India, which proposes to invest in Indian
market, in other words buying Indian stocks. FII's generally buy in large volumes which
has an impact on the stock markets. Institutional Investors includes pension funds, mutual
funds, Insurance Companies, Banks, etc.
11. What is FDI?
A: FDI (Foreign Direct Investment) occurs with the purchase of the physical assets or a
significant amount of ownership (stock) of a company in another country in order to gain
a measure of management control (Or) A foreign company having a stake in a Indian
Company.
12. What is IPO?
A: IPO is Initial Public Offering. This is the first offering of shares to the general public
from a company wishes to list on the stock exchanges.
13. What is Disinvestment?
A: The Selling of the government stake in public sector undertakings.
14. What is Fiscal Deficit?
A: It is the difference between the governments total receipts (excluding borrowings)
and total expenditure. Fiscal deficit in 2009-10 is proposed at 6.8% of GDP.
15. What is Revenue deficit?
A: It defines that, where the net amount received (by taxes & other forms) fails to meet
the predicted net amount to be received by the government. Revenue deficit in 2009-10 is
proposed at 4.8% of GDP.
16. What is GDP?
A: The Gross Domestic Product or GDP is a measure of all of the services and goods
produced in a country over a specific period; classically a year. GDP during 2008-09 is
6.7%.
17. What is GNP?
A: Gross National Product is measured as GDP plus income of residents from
investments made abroad minus income earned by foreigners in domestic market.
18. What is National Income?
A: National Income is the money value of all goods and services produced in a country
during the year.
19. What is Per Capita Income?
A: The national income of a country, or region, divided by its population. Per capita
income is often used to measure a country's standard of living.Per capita income during
2008-09 estimated by CSO: Rs.25, 494.
20. What is Vote on Account?
A: A vote-on account is basically a statement ,where the government presents an estimate
of a sum required to meet the expenditure that it incurs during the first three to four
months of an election financial year until a new government is in place, to keep the
machinery running.
21. Difference between Vote on Account and Interim Budget?
A: Vote-on-account deals only with the expenditure side of the government's budget, an
interim Budget is a complete set of accounts, including both expenditure and receipts.
22. What is SDR?
A: The SDR (Special Drawing Rights) is an artificial currency created by the IMF in
1969. SDRs are allocated to member countries and can be fully converted into
international currencies so they serve as a supplement to the official foreign reserves of
member countries. Its value is based on a basket of key international currencies (U.S.
dollar, euro, yen and pound sterling).
23. What is SEZ?
A: SEZ means Special Economic Zone is the one of the part of governments policies in
India. A special Economic zone is a geographical region that economic laws which are
more liberal than the usual economic laws in the country. The basic motto behind this is
to increase foreign investment, development of infrastructure, job opportunities and
increase the income level of the people.
Interview question
What is corporate governance? (For more click here)
The way in which a company is governed and how it deals with the various interests of
its customers, shareholders, employees and society at large. Corporate governance is the
set of processes, customs, policies, laws, and institutions affecting the way a corporation
(or company) is directed, administered or controlled.Is defined as the general set of
customs, regulations, habits, and laws that determine to what end a firm should be run.
y Functions of RBI?
The Reserve Bank of India is the central bank of India, was established on April 1, 1935
in accordance with the provisions of the Reserve Bank of India Act, 1934. The Reserve
Bank of India was set up on the recommendations of the Hilton Young Commission. The
commission submitted its report in the year 1926, though the bank was not set up for nine
years.To regulate the issue of Bank Notes and keeping of reserves with a view to securing
monetary stability in India and generally to operate the currency and credit system of the
country to its advantage." Banker to the Government: performs merchant banking
function for the central and the state governments; also acts as their banker.Banker to
banks: maintains banking accounts of all scheduled banks.
y What is monetary policy?
A Monetary policy is the process by which the government, central bank, of a country
controls (i) the supply of money, (ii) availability of money, and (iii) cost of money or rate
of interest, in order to attain a set of objectives oriented towards the growth and stability
of the economy.
y What is Fiscal Policy?
Fiscal policy is the use of government spending and revenue collection to influence the
economy. These policies affect tax rates, interest rates and government spending, in an
effort to control the economy. Fiscal policy is an additional method to determine public
revenue and public expenditure.
y What is Core Banking Solutions?
Core banking is a general term used to describe the services provided by a group of
networked bank branches. Bank customers may access their funds and other simple
transactions from any of the member branch offices. It will cut down time, working
simultaneously on different issues and increasing efficiency. The platform where
communication technology and information technology are merged to suit core needs of
banking is known as Core Banking Solutions.
y What is bank and its features and types?
A bank is a financial organization where people deposit their money to keep it safe.Banks
play an important role in the financial system and the economy. As a key component of
the financial system, banks allocate funds from savers to borrowers in an efficient
manner.
Regional Rural Banks were established with an objective to ensure sufficient
institutional credit for agriculture and other rural sectors. The RRBs mobilize
financial resources from rural / semi-urban areas and grant loans and advances
mostly to small and marginal farmers, agricultural labourers and rural artisans.
The area of operation of RRBs is limited to the area as notified by GoI covering
one or more districts in the State.
ii. Banking services for individual customers is known as retail banking.
iii. A bank that deals mostly in but international finance, long-term loans for
companies and underwriting. Merchant banks do not provide regular banking
services to the general public
iv. Online banking (or Internet banking) allows customers to conduct financial
transactions on a secure website operated by their retail or virtual bank.
v. Mobile Banking is a service that allows you to do banking transactions on your
mobile phone without making a call , using the SMS facility. Is a term used for
performing balance checks, account transactions, payments etc. via a mobile
device such as a mobile phone.
vi. Traditional banking is the normal bank accounts we have. Like, put your money in the
bank and they act as a security and you will get only the normal interests (decided by RBI
in our case, FED bank in US).
vii. Investment banking is entirely different. Here, people who are having so much
money (money in excess which will yield only less interest if in Banks) will invest
their money and get higher returns. For example, If i have more money instead of
taking the pain of investing in share market, buying properties etc. I will give to
investment banks and they will do the money management and give me higher
returns when compared to traditional banks.
y What is E-Governance?
E-Governance is the public sectors use of information and communication technologies
with the aim of improving information and service delivery, encouraging citizen
participation in the decision-making process and making government more
accountable,transparent and effective.
y What is Right to information Act?
The Right to Information act is a law enacted by the Parliament of India giving citizens of
India access to records of the Central Government and State overnments.The Act applies
to all States and Union Territories of India, except the State of Jammu and Kashmir -
which is covered under a State-level law. This law was passed by Parliament on 15 June
2005 and came fully into force on 13 October 2005.
y Credit Rating Agencies in India?
The credit rating agencies in India mainly include ICRA and CRISIL. ICRA wasformerly
referred to the Investment Information and Credit Rating Agency of India Limited. Their
main function is to grade the different sector and companies in terms of performance and
offer solutions for up gradation. The credit rating agencies in India mainly include ICRA
and CRISIL(Credit Rating Information Services of India Limited)
y What is Cheque?
Cheque is a negotiable instrument instructing a Bank to pay a specific amount from a
specified account held in the maker/depositor's name with that Bank.A bill of exchange
drawn on a specified banker and payable on demand.Written order directing a bank to
pay money.
y What is demand Draft?
A demand draft is an instrument used for effecting transfer of money. It is a Negotiable
Instrument. Cheque and Demand-Draft both are used for Transfer of money. You can
100% trust a DD. It is a banker's check. A check may be dishonored for lack of funds a
DD can not. Cheque is written by an individual and Demand draft is issued by a bank.
People believe banks more than individuals.
y What is a NBFC?
A non-banking financial company (NBFC) is a company registered under the
Companies Act, 1956 and is engaged in the business of loans and advances, acquisition
of shares/stock/bonds/debentures/securities issued by government, but does not include
any institution whose principal business is that of agriculture activity, industrial activity,
sale/purchase/construction of immovable property.
NBFCs are doing functions akin to that of banks; however there are a few differences:
(i)A NBFC cannot accept demand deposits (demand deposits are funds deposited at a
depository institution that are payable on demand -- immediately or within a very short
period -- like your current or savings accounts.)
(ii) it is not a part of the payment and settlement system and as such cannot issue cheques
to its customers; and
(iii) Deposit insurance facility of DICGC is not available for NBFC depositors unlike in
case of banks.
y Diff between banking & Finance?
Finance is generally related to all types of financial, this could be accounting, insurances
and policies. Whereas banking is everything that happens in a bank only.The term
Banking and Finance are two very different terms but are often associated together. These
two terms are often used to denote services that a bank and other financial institutions
provide to its customers.
y What is NASSCOM ?
The National Association of Software and Services Companies (NASSCOM), the Indian
chamber of commerce is a consortium that serves as an interface to the Indian software
industry and Indian BPO industry. Maintaining close interaction with the Government of
India in formulating National IT policies with specific focus on IT software and services
maintaining a state of the art information database of IT software and services related
activities for use of both the software developers as well as interested companies
overseas. Mr. Som Mittal President. Chairman-Pramod Bhasin
y What is ASSOCHAM?
The Associated Chambers of Commerce and Industry of India (ASSOCHAM), India's
premier apex chamber covers a membership of over 2 lakh companies and professionals
across the country. It was established in 1920 by promoter chambers, representing all
regions of India. As an apex industry body, ASSOCHAM represents the interests of
industry and trade, interfaces with Government on policy issues and interacts with
counterpart international organizations to promote bilateral economic issues. President-
Swati Piramal
y What is NABARD?
NABARD was established by an act of Parliament on 12 July 1982 to implement the
National Bank for Agriculture and Rural Development Act 1981. It replaced the
Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of
Reserve Bank of India, and Agricultural Refinance and Development Corporation
(ARDC). It is one of the premiere agency to provide credit in rural areas. NABARD is set
up as an apex Development Bank with a mandate for facilitating credit flow for
promotion and development of agriculture, small-scale industries, cottage and village
industries, handicrafts and other rural crafts.
y What is SIDBI?
The Small Industries Development Bank of India is a state-run bank aimed to aid the
growth and development of micro, small and medium scale industries in India. Set up in
1990 through an act of parliament, it was incorporated initially as a wholly owned
subsidiary of Industrial Development Bank of India.
y What is SENSEX and NIFTY?
SENSEX is the short term for the words "Sensitive Index" and is associated with the
Bombay (Mumbai) Stock Exchange (BSE). The SENSEX was first formed on 1-1-1986
and used the market capitalization of the 30 most traded stocks of BSE. Where as NSE
has 50 most traded stocks of NSE.SENSEX IS THE INDEX OF BSE. AND NIFTY IS
THE INDEX OF NSE.BOTH WILL SHOW DAILY TRADING MARKS. Sensex and
Nifty both are an "index. An index is basically an indicator it indicates whether most of
the stocks have gone up or most of the stocks have gone down.
y What is SEBI?
SEBI is the regulator for the Securities Market in India. Originally set up by the
Government of India in 1988, it acquired statutory form in 1992 with SEBI Act 1992
being passed by the Indian Parliament. Chaired by C B Bhave.
y What is Mutual funds?
Mutual funds are investment companies that pool money from investors at large and offer
to sell and buy back its shares on a continuous basis and use the capital thus raised to
invest in securities of different companies. The mutual fund will have a fund manager
that trades the pooled money on a regular basis. The net proceeds or losses are then
typically distributed to the investors annually.
y What is Asset Management Companies?
A company that invests its clients' pooled fund into securities that match its declared
financial objectives. Asset management companies provide investors with more
diversification and investing options than they would have by themselves. Mutual funds,
hedge funds and pension plans are all run by asset management companies. These
companies earn income by charging service fees to their clients.
y What are non-perfoming assets?
Non-performing assets, also called non-performing loans, are loans,made by a bank or
finance company, on which repayments or interest payments are not being made on time.
A debt obligation where the borrower has not paid any previously agreed upon interest
and principal repayments to the designated lender for an extended period of time. The
nonperforming asset is therefore not yielding any income to the lender in the form of
principal and interest payments.
y What is Recession?
A true economic recession can only be confirmed if GDP (Gross Domestic
Product)growth is negative for a period of two or more consecutive quarters.
y What is foreign exchange reservers?
Foreign exchange reserves (also called Forex reserves) in a strict sense are only the
foreign currency deposits and bonds held by central banks and monetary
authorities.However, the term in popular usage commonly includes foreign exchange and
gold,SDRs and IMF reserve positions.
List of Padma Awards - 2011
Padma Awards, the countrys highest civilian awards, are conferred in three categories,
namely, Padma Vibhushan, Padma Bhushan and Padma Shri. The awards are given in
all disciplines/ fields of activities, viz. art, social work, public affairs, science and
engineering, trade and industry, medicine, literature and education, sports, civil service,
etc. Padma Vibhushan is awarded for exceptional and distinguished service; Padma
Bhushan for distinguished service of high order and Padma Shri for distinguished
service in any field. The awards are announced on the occasion of Republic Day every
year.
This year President has approved 128 awards, including one duo case (#counted as
one) and 12 in the category of (*)Foreigners/ NRIs/ PIOs/ Posthumous. These comprise
13 Padma Vibhushan, 31 Padma Bhushan and 84 Padma Shri Awards. There are 31
ladies among the awardees.
List of Padma Vibhusan awardees:
Sl.No. Name Discipline
State /
Domicile
1. Dr. (Smt.) Kapila Vatsyayan Art - Art Administration and
Promotion.
Delhi
2. Mrs. Homai Vyarawalla Art - Photography Gujarat
3. Shri A Nageshwara Rao Art- Cinema Andhra
Pradesh
4. Shri Parasaran Kesava Iyengar Public Affairs Delhi
5. Dr. Akhlaq-ur-Rehman Kidwai Public Affairs Delhi
6. Shri Vijay Kelkar Public Affairs Delhi
7. Shri Montek Singh Ahluwalia Public Affairs Delhi
8. Shri Palle Rama Rao Science and Engineering Andhra
Pradesh
9. Shri Azim Premji Trade and Industry Karnataka
10. Shri Brajesh Mishra Civil Services Madhya
Pradesh
11. Prof. (Dr.) Ottaplakkal
Neelakandan Velu Kurup
Literature and Education Kerala
12. Dr. Sitakant Mahapatra Literature and Education Orissa
13. Late Shri L. C. Jain Public Affairs Delhi *

List of Padma Bhusan awardees:
Sl.No. Name Discipline
State /
Domicile
1. Shri Satyadev Dubey Art - Theatre Maharashtra
2. Shri Mohammed Zahur Khayyam
Hashmi alias Khayyam
Art - Cinema - Music Maharashtra
3. Shri Shashi Kapoor Art - Cinema Maharashtra
4. Shri Krishen Khanna Art - Painting Haryana
5. Shri Madavur Vasudevan Nair Art - Dance - Kathakali Kerala
6. Ms. Waheeda Rehman Art - Cinema Maharashtra
7. Shri Rudrapatna Krishna Shastry
Srikantan
Art - Music-Vocal Karnataka
8. Ms. Arpita Singh Art - Painting Delhi
9. Dr. Sripathi Panditharadhyula
Balasubrahmanyam
Art - Playback Singing,
Music Direction & acting
Tamil Nadu
10. Shri C.V. Chandrasekhar Art - Classical Dance-
Bharatanatyam
Tamil Nadu
11. Shri Dwijen Mukherjee Art West Bengal
12. Smt. Rajashree Birla Social work Maharashtra
13. Mrs. Shobhana Ranade Social work Maharashtra
14. Dr. Suryanarayanan
Ramachandran
Science and Engineering Tamil Nadu
15. Shri S.(Kris) Gopalakrishnan Trade and Industry Karnataka
16. Shri Yogesh Chander Deveshwar Trade and Industry West Bengal
17. Ms. Chanda Kochhar Trade and Industry Maharashtra
18. Dr. K. Anji Reddy Trade and Industry-
Pharmacy
Andhra
Pradesh
19. Shri Analjit Singh Trade and Industry Delhi
20. Shri Rajendra Singh Pawar Trade and Industry Haryana
21. Dr. Gunapati Venkata Krishna
Reddy
Trade and Industry Andhra
Pradesh
22. Shri Ajai Chowdhary Trade and Industry Delhi
23. Shri Surendra Singh Civil Services Delhi
24. Shri M. N .Buch Civil Services Madhya
Pradesh
25. Shri Shyam Saran Civil Services Delhi
26. Shri Thayil Jacob Sony George Literature and Education Karnataka
27. Dr. Ramdas Madhava Pai Literature and Education Karnataka
28. Shri Sankha Ghosh Literature and Education West Bengal
29. Late Shri K. Raghavan
Thirumulpad
Medicine - Ayurveda. Kerala*
30. Late Dr. Keki Byramjee Grant Medicine - Cardiology Maharashtra *
31. Late Shri Dashrath Patel Art Gujarat *

List of Padma Shri awardees:

Sl.No. Name Discipline State / Domicile
1. Ms. Neelam Mansingh
Chowdhry
Art - Theatre Chandigarh
2. Shri Makar Dhwaja Darogha Art- Chhau Dance Jharkhand
3. Shri Shaji Neelakantan
Karun
Art - Film Direction Kerala
4. Shri Girish Kasaravalli Art - Film making Karnataka
5. Ms. Tabassum Hashmi
Khan alias Tabu
Art - Cinema Maharashtra
6. Shri Jivya Soma Mase Art - Warli Painting Maharashtra
7. Guru (Ms.) M.K. Saroja Art - Dance- Bharatnatyam Tamil Nadu
8. Shri Jayaram Subramaniam Art - Cinema Tamil Nadu
9. Pandit Ajoy Chakraborty Art - Music-Indian Classical
Vocal
West Bengal
10. Smt. Mahasundari Devi Art - Mithilia/ Madhubani
Painting.
Bihar
11. Shri Gajam Govardhana Art - Handloom Weaving Andhra
Pradesh
12. Ms. Sunayana Hazarilal Art - Dance - Kathak Maharashtra
13. Shri S.R. Janakiraman Art - Carnatic Vocal Music Tamil Nadu
14. Shri Peruvanam Kuttan
Marar
Art - Chenda Melam- Drum
concert
Kerala
15. Smt. Kalamandalam
Kshemavathy Pavithran
Art - Dance - Mohiniattam Kerala
16. Shri Dadi Dorab Pudumjee Art - Puppetry Delhi
17. Shri Khangembam Mangi
Singh
Art - Traditional Music of
Manipur (Pena)
Manipur
18. Shri Prahlad Singh Tipaniya Art - Folk Music Madhya
Pradesh
19. Smt. Usha Uthup Art - Music. West Bengal
20. Smt. Kajol Art- Cinema Maharashtra
21. Shri Irfan Khan Art- Cinema Maharashtra
22. Shri Mamraj Agrawal Social work West Bengal
23. Shri Jockin Arputham Social work Maharashtra
24. Ms. Nomita Chandy Social work Karnataka
25. Ms. Sheela Patel Social work Maharashtra
26. Ms. Anita Reddy Social work Karnataka
27. Shri Kanubhai Hasmukhbhai
Tailor
Social work Gujarat
28. Shri Anant Darshan Shankar Public Affairs Karnataka
29. Prof. M. Annamalai Science and Engineering Karnataka
30. Dr. Mahesh Haribhai Mehta Science and Engineering -
Agricultural Science
Gujarat
31. Shri Coimbatore Narayana
Rao Raghavendran
Science and Engineering Tamil Nadu
32. Dr. (Mrs.) Suman Sahai Science and Engineering Delhi
33. Prof.(Dr.) E.A. Siddiq Science and Engineering -
Agricultural Science
Andhra
Pradesh
34. Shri Gopalan Nair Shankar Science and Engineering -
Architecture
Kerala
35. Shri Mecca Rafeeque
Ahmed
Trade and Industry Tamil Nadu
36. Shri Kailasam Raghavendra
Rao
Trade and Industry Tamil Nadu
37. Shri Narayan Singh Bhati Civil Services Andhra
Pradesh
38. Shri P K Sen Civil Services Bihar
39. Ms. Shital Mahajan Sports - Adventure Sports-
Para Jumping
Maharashtra
40. Ms. Nameirakpam Kunjarani
Devi
Sports - Weightlifting Manipur
41. Shri Sushil Kumar Sports - Wrestling Delhi
42. Shri Vangipurapu Venkata
Sai Laxman
Sports - Cricket Andhra
Pradesh
43. Shri Gagan Narang Sports - Shooting Andhra
Pradesh
44. Smt. Krishna Poonia Sports - Discus Throw Rajasthan
45. Shri Harbhajan Singh Sports - Mountaineering Punjab
46. Dr. Pukhraj Bafna Medicine - Padeatrics Chhattisgarh
47. Prof. Mansoor Hasan Medicine- Cardiology Uttar Pradesh
48. Dr. Shyama Prasad Mandal Medicine - Orthopaedic Delhi
49. Prof. (Dr.) Sivapatham Vittal Medicine - Endocrinology Tamil Nadu
50. Prof. (Dr.) Madanur Ahmed
Ali
Medicine - Gastroenterology Tamil Nadu
51. Dr. Indira Hinduja Medicine - Obstetrics and
Gynaecology.
Maharashtra
52. Dr. Jose Chacko
Periappuram
Medicine - Cardio-Thoracic
Surgery.
Kerala
53. Prof. (Dr.) A. Marthanda
Pillai
Medicine - Neurosurgery Kerala
54. Shri Mahim Bora Literature and Education Assam
55. Prof. (Dr.) Pullella Srirama
Chandrudu
Literature and Education-
Sanskrit
Andhra
Pradesh
56. Dr. Pravin Darji Literature and Education Gujarat
57. Dr. Chandra Prakash Deval Literature and Education Rajasthan
58. Shri Balraj Komal Literature and Education Delhi
59. Mrs. Rajni Kumar Literature and Education Delhi
60. Dr. Devanooru Mahadeva Literature and Education Karnataka
61. Shri Barun Mazumder Literature and Education West Bengal
62. Dr. Avvai Natarajan Literature and Education Tamil Nadu
63. Shri Bhalchandra Nemade Literature and Education Himachal
Pradesh
64. Prof. Riyaz Punjabi Literature and Education Jammu and
Kashmir
65. Prof. Koneru Ramakrishna
Rao
Literature and Education Andhra
Pradesh
66. Ms. Buangi Sailo Literature and Education Mizoram
67. Prof. Devi Dutt Sharma Literature and Education Uttarakhand
68. Shri Nilamber Dev Sharma Literature and Education Jammu and
Kashmir
69. Ms. Urvashi Butalia # Literature and Education Delhi
70. Ms. Ritu Menon # Literature and Education Delhi
71. Prof. Krishna Kumar Literature and Education Delhi
72. Shri Deviprasad Dwivedi Literature and Education Uttar Pradesh
73. Ms. Mamang Dai Literature and Education Arunachal
Pradesh
74. Dr. Om Prakash Agrawal Others - Heritage
Conservation
Uttar Pradesh
75. Prof. Madhukar Keshav
Dhavalikar
Others - Archeology Maharashtra
76. Ms. Shanti Teresa Lakra Others-Nursing Andaman &
Nicobar
77. Smt. Gulshan Nanda Others - Handicrafts
promotion
Delhi
78. Dr. Azad Moopen Social work UAE *
79. Prof. Upendra Baxi Public Affairs -Legal Affairs United Kingdom
*
80. Dr. Mani Lal Bhaumik Science and Engineering USA *
81. Dr. Subra Suresh Science and Engineering USA *
82. Prof. Karl Harrington Potter Literature and Education USA *
83. Prof. Martha Chen Social work USA *
84. Shri Satpal Khattar Trade and Industry Singapore *
85. Shri Granville Austin Literature and Education USA *


Quiz 2010-11
1. Who is the present Telecom Minister?
a)Manmohan Singh b)A Raja c)Kapil Sibal d)Sachin Pilot e)none
2. Which organization has launched Awaaz Do with the support of GOI?
a)UNESCO b)UNICEF c)UN d)WHO e)none
3. Which Country will build countrys first industrial solar power station near Black sea?
a)Russia b)China c)India d)Japan e)none
4. Which country has supplied F-16 combat jets to Pakistan?
a)China b)Russia c)US d)France e)Britain
5. Which of the following countries has test fired intercontinental ballistic missile Bulava?
a)Russia b)China c)North Korea d)Iran e)none
6. Which country has approved worlds biggest Solar Power Project?
a)US b)India c)Britain d)China e)Russia
7. India has lifted ban on emigration clearance for employment on which of the following
country?
a)Pakistan b)Australia c)Libya d)Nepal e)China
8. World Food Day is observed on which of the following days?
a)July 16 b)September 16 c)June 16 d)October 16 e)none
9. In the recent past the name Julian Assange has came in most of the news channels and
news papers. He belongs to which of the following?
a)Facebook b)Wikipidea c)Google d)Wikileaks e)none
10. Which of the following is not a direct tax?
a)Income tax b)Wealth tax c)Corporate tax d)a,b & c e)Sales tax
Posted by Varun Reddy at 22:00 7 comments
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Monday, December 20, 2010
Current Events - November 2010
1. The United Arab Emirates (UAE) has emerged as the country's largest trading partner in
term of total trade exchange in the first half of 2010.
2. The Government has launched a special scheme for the health and well-being of
adolescent girls as a pilot project in 200 most backward districts of the country. 'Sabla'
or the 'Rajiv Gandhi Scheme for Adolescent Girls' would be launched in 22 districts of
Uttar Pradesh, 15 districts of Madhya Pradesh, 12 of Bihar, 12 of Sikkim, 11 districts of
Maharashtra and 10 districts of Rajasthan.
3. Former Test captain Anil Kumble elected as the President of the Karnataka State Cricket
Association while former pace duo of Javagal Srinath and Venkatesh Prasad were
elected as Secretary and Vice President respectively.

4. Actress Aishwarya Rai Bachchan honoured with Teacher's People Achiever Award.
5. India and Norway joined hands to set up a centre in Chennai to protect the bio-diversity
to help tackle threats of climate change.
6. India has pledged to provide a grant assistance of Rs 16.19 million to Nepal for
construction of 350 tube-wells in the southern region of the country.
7. State-run Coal India has become the third most powerful Indian company with a total
market capitalisation (m-cap) of Rs 2,09,671.57 crore and is only lagging behind RIL and
ONGC.
8. Punjab Government has brought Sain Samaj under Shagun scheme to provide financial
assistance of Rs 15000 to the daughters of Sain Samaj at the time of their marriage.
9. Noted Malayalam film and stage actress Shanta Devi died.

10. Malaysia has emerged as one of the the most favourite destinations in the Asia Pacific
for Indian travellers, according to a new survey.
Posted by Varun Reddy at 20:22 0 comments
Labels: Anil Kumble, Brijesh Patel, India, Javagal Srinath, Karnataka State Cricket Association, Roger
Binny, United Arab Emirates, Venkatesh Prasad
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Wednesday, December 15, 2010
Current Affairs Quiz 2010-11
1. Who is the head of the committee constituted by Prime Minister to probe corruption in
2010 Commonwealth Games?
a)Sam Pitroda b)Shantanu Consul c)Pargat Singh d)V K Shunglu e)none
2. 2010 United Nations Climate Conference was held in ______?
a)Washington b)Geneva c)Cancun d)New York e)none
3. Which Country has launched the Worlds first Synthetic jet fuel?
a)US b)France c)South Africa d)Japan e)India
4. Who won the 2010 ATP World Tour Title?
a)Rafael Nadal b)Andy Murray c)Andy Roddick d)Roger Federer e)none
5. Tertiary sector contributes maximum to Indian GDP. Tertiary sector is also known as
_________ sector?
a)Banking Sector b)Primary Sector c)Secondary Sector d)Agriculture
Sector e)Service Sector
6. Armando Emilio Guebuza recently visited India. He is the _______?
a)Prime Minister of Mozambique
b)President of Madagascar
c)President of Mozambique
d)Prime Minister of Madagascar
e)none
7. Who won the 2010 Mahatma Gandhi Peace Award?
a)John Brumby b)Aund San Suu Kyi c)Sheikh Hasina d)Barack Obama e)none
8. Who is the author of the book The Masque of Africa?
a)V S Naipaul b)Salman Rushdie c)K R Narayanan d)Nelson Mandela e)none
9. Which two countries have agreed to resume direct flights between their capitals for the
first time in three decades?
a)India and Iran b)Egypt and Iran c)Cuba and US d)US and Iran e)none
10. Recently Shimla has been declared the fourth smoking free city in India after
Chandigarh, Kottayam and Sikkim?
Posted by Varun Reddy at 23:13 9 comments
Labels: 2010 ATP World Tour, Andy Murray, Andy Roddick, Armando Guebuza, Rafael Nadal, Sam
Pitroda, Tertiary sector of the economy, Tom Berdych
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Tuesday, December 7, 2010
November Current Affairs -2010
y India has become Israel's second largest export destination after the United States, as
the Jewish state focusses on tapping potential in the Asian markets.
y Minister of State in the Prime Minister's Office Prithviraj Chavan has been named the
next Maharashtra Chief Minister. Nationalist Congress Party (NCP) leader Ajit Pawar,
nephew of party chief Sharad Pawar and a minister named Maharashtra's next deputy
chief minister after Chhagan Bhujbal.
y Iconic Indian batsman Sachin Tendulkar, who is set to become only the second
player(After Javed Miandad) in the history of cricket to play six ODI World Cups, named
the official ambassador of the event to be held in the sub-continent next year.
y Rajkumar Hirani's "3 Idiots" continued with its award-winning spree bagging top
honours at the Global Indian Music Awards (GIMA) which was held in Mumbai. The
movie took home the best film album.
y As part of its administrative reforms process, Punjab aims to become the first state in
the country to achieve complete computerisation of land records by March 31, 2011.
y India owns over 18,000 tonnes of above ground gold stocks worth approximately $ 800
billion and representing at least 11 per cent of global stock, according to estimates of
World Gold Council. In 2009, total Indian gold demand reached $ 19 billion, or Rs 974
billion, which accounts for 15 per cent of the global gold market, according to WGC.
y Noted Telugu film producer D V S Raju passed away.
y India is set to become the fastest growing major economy in the world by 2012 and will
be third largest by GDP-size in the next two decades, behind China and the USA, a global
study by British banking giant Standard Chartered said.
y China has overtaken US in the global supercomputing race as it has been confirmed as
the creator of the world's fastest supercomputer, according to a latest survey. The
Tianhe-1A, which means meaning Milky Way is capable of 2.67 quadrillions of
computing operations per second, earning it the number one spot in the Top 500 list of
the world's most powerful supercomputers.
y Free trade agreement (FTA) between India and Canada will help push bilateral trade to
USD 15 billion in 5 years. Bilateral trade was close to USD 4.2 billion last year.
Posted by Varun Reddy at 22:37 0 comments
Labels: Ajit Pawar, Chhagan Bhujbal, Chief Minister, Nationalist Congress Party, Prithviraj Chavan, Sachin
Tendulkar, Sharad Pawar, United States
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Tuesday, November 30, 2010
Current Affairs 2010-11
1. Who has been elected as the President of Indian Newspaper Society for the year 2010-
11?
a)K.N Tilak Ram b)Rakesh Sharma c)Kundan R.Vyas d)V.Shankaran e)none
2. Recently who among the following conferred with Taj Enlighten Tareef Award?
a)Leela Naidu b)Shabana Azmi c)Javed Akthar d)Both a& b e)none
3. Base Rate of banks is fixed by ______?
a)RBI b)Finance Minister c)Both a & b d)Banks e)none
4. India is the ___ Largest Producer of Vehicles in the World?
a)third b)fifth c)seventh d)second e)none of these
5. ______ is a Insurance Regulator in India?
a) TRAI b)SEBI c)BSE d)RBI e)IRDA
6. Micro Credit in India comes under ________?
a)Private Banking b)NBFC c)Rural Banking d)Cooperative Banking e)none
7. What is the present limit for money transfer in RTGS?
a)`1,00,000 b)`1,50,000 c)`2,00,000 d)`2,50,000 e)`5,00,000
8. Which is the only Asian country represented in the G-8 group?
a)India b)South Korea c)China d)Japan e)none
9. Bad Loans can be described as NPA (Non Performing Assets) in banking terminology?
10. A/c to the recent report of ADB, what is Indias urbanization rank in Asia(% of
population living in urban areas)? 34th.
Posted by Varun Reddy at 23:27 8 comments
Labels: Amitabh Bachchan, India, Indian Newspaper Society, Leela Naidu, Rakesh Sharma, Run batted in,
Securities and Exchange Board of India, Shabana Azmi
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Sunday, November 21, 2010
Gk Quiz 2010
1. RBI has approved the merger of Bank of Rajasthan' with ICICI bank.
2. Who got the 2010 Commonwealth Writers Prize for the book Solo' - Rana Dasgupta.
3. Which day has been observed as the International Day of Older Persons(IDOP) - Oct 1st.
4. What is the Indias rank in the new Global Hunger Index by the International Food Policy
Research Institute - 67.
5. Gourde is the currency of which country?
a)Bhutan b)Haiti c)Norway d)Chile e)none
6. India has won 101 medals in 2010 Commonwealth Games. In which sport India has won
maximum no. of gold medals?
a)Wrestling b)Boxing c)Shooting d)Badminton e)Weightlifting
7. Which of the following country is not elected to UNSC as a non-permanent member for
a two year term on the council starting from Jan 1
st
2011?
a)India b)Kazakhstan c)South Africa d)Germany e)Portugal
8. Which of the following ministry has re-launched the PURA(Provision of Urban Amenities
in Rural Areas) Scheme?
a)Ministry of Urban Development
b)Ministry of Rural Development
c)Ministry of Health & Family Welfare
d)Ministry of Finance
e)Ministry of Social Justice and Empowerment
9. Who among the following has been chosen for ICC Cricketer of the Year 2010?
a)Sachin Tendulkar b)A B de Villiers c)Virender Sehwag d)M S Dhoni e)none of
these
10. Who won the 2010 Champions League Twenty20?
a)Mumbai Indians b)Royal Challengers Bangalore c)Warriors d)Chennai Super
Kings e)none
Posted by Varun Reddy at 21:59 6 comments
Labels: Barack Obama, Global Hunger Index, India, International Day of Older Persons, United Nations,
United Nations Security Council, United States, UNSC
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Tuesday, November 16, 2010
General Awareness Quiz 76 - 2010
1. Based on monthly wholesale price index (WPI), the annual rate of inflation stood at ___
percent for the month of September 2010?
a)8.51 b)5.44 c)8.6 d)11.6 e)none
2. Who is the winner of 64
th
edition of Santhosh Trophy?
a)Goa b)Punjab c)Tamil Nadu d)Goa e)West Bengal
3. Who is the present Chief Minister of Jharkhand?
a)Shibu Soren b)Madhu Koda c)Arjun Munda d)Sudesh Mahto e)none of these
4. Which of the following is the first team to play 900 Test matches in cricket history?
a)Australia b)England c)India d)West Indies e)none
5. Who is the most powerful women in the world in 2010, compiled by Forbes?
a)Angela Merkel b)Indra Nooyi c)Sonia Gandhi d)Michelle Obama e)Irene
Rosenfeld
6. What is the present Repo rate?
a)5.75 b)6.00 c)6.25 d)5.25 e)none
7. Howard Jacobson won the 2010 Man Booker Prize for his novel _____?
a)The Finkler Question b)The Act of Love c)Wolf Hall d)Kalooki Nights e)none
8. Recently Pranab Mukherjee has won which of the following award?
a)Worlds Best Finance Minister of the year 2010
b)Asias Best Finance Minister of the year 2010
c)Indias Best Finance Minister of the year 2010
d)Both b & c
e)none
9. Who among the following is the worlds highest paid female athlete by Forbes
magazine?
a)Maria Sharapova b)Serena Williams c)Danika Patrick d)Kim Yu-Na e)none
10. Who has become the first Indian to qualify for 2012 London Olympics?
a)Abhinav Bhindra b)Saina Nehwal c)Mary Kom d)Pankaj Advani e)Gagan Narang
11. Prime Minister Manmohan Singh has released a commemorative stamp on _________?
a) J S Mohammed Ali Shihab Thangal b)Maulana Mohammad Ali c)S Ubaidur
Rahman d)Syed Ahmad Khan e)none
12. Which country has won the 2010 Women's Hockey World Cup?
a)Netherlands b)England c)Germany d)Argentina e)Australia
13. What is present interest rate on Savings bank account?
a)3% b)3.25% c)3.5% d)3.75% e)4.0%
14. Who has been bagged the prestigious Akshaya Samman award for the year 2010?
a)Manna De b)Ilaiyaraja c)A R Rehman d)Hari Prasad Chaurasia e)none
15. Which of the following films has been nominated for 2011 Oscar awards in Best fim in
Foreign Category?
a)Paa b)Rajneeti c)Kites d)Peepli Live e)none of these
16. Who among the following has been awarded with The World Statesman Award?
a)Manmohan Singh b)Sonia Gandhi c)Pratibha Patil d)A P J Abdul Kalam e)none
17. Who has been awarded 'Rabindranath Tagore Peace Prize' 2010?
a)Nafisa Ali b)Irom Chanu Sharmila c)Jyotirmoyee Devi d)Anasuyaben
Sarabhai e)none
18. Who among the following has chosen for Jnanpith Award for the year 2008?
a)O.N.V.Kurup b)Satya Vrat Shastri c)Ravindra Kelekar d)Akhlaq Khan
Shahryar e)none of these
19. Who among the following has chosen for 2009 Indira Gandhi National Integration
Award?
a)A R Rehman b)Balraj Puri c)Ramakrishna Mission Ashram d)Javed
Akhtar e)Both a & c
20. Recently Puttaraj Gawai has been passed away. He was a famous ______?
a)Social Activist b)Hindustani Classical musician c)Journalist d)Politician e)none
Posted by Varun Reddy at 20:03 10 comments
Labels: All Jharkhand Students Union, Arjun Munda, Bharatiya Janata Party, Jharkhand Mukti Morcha,
List of Chief Ministers of Jharkhand, Madhu Koda, Shibu Soren, Sudesh Mahto
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Friday, November 12, 2010
Nobel Prize Winners 2010
Every year since 1901 the Nobel Prize has been awarded for achievements in physics, chemistry,
physiology or medicine, literature and for peace. The Nobel Prize in Economics was first awarded in the
year 1969. The Nobel Prize is an international award administered by the Nobel Foundation in
Stockholm, Sweden. Each recipient, or laureate, is presented with a gold medal, a diploma, and a sum of
money which depends on the Nobel Foundation's income that year.

List of 2010 Nobel Prize Winners:
y The Nobel Prize in Peace has been given to Liu Xiaobo "for his long and non-violent struggle for
fundamental human rights in China".

y The Nobel Prize in Medicine has been given to Robert G. Edwards "for the development of in vitro
fertilization".

y The Nobel Prize in Literature has been given to Mario Vargas Llosa "for his cartography of structures of
power and his trenchant images of the individual's resistance, revolt, and defeat".

y The Nobel Prize in Physics has been given to Andre Geim and Konstantin Novoselov "for groundbreaking
experiments regarding the two-dimensional material graphene".

y The Nobel Prize in Chemistry has been given to Richard F. Heck, Ei-ichi Negishi and Akira Suzuki "for
palladium-catalyzed cross couplings in organic synthesis"

y The Nobel Prize in Economic Sciences has been given to Peter A. Diamond, Dale T. Mortensen and
Christopher A. Pissarides "for their analysis of markets with search frictions".

Posted by Varun Reddy at 21:55 4 comments
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Wednesday, November 10, 2010
Current Affairs Quiz 75 - 2010
1. Which of the following Indian city has been named among the top four Livable cities in
the world?
a)Mumbai b)New Delhi c)Ahmedabad d)Bangalore e)Hyderabad
2. Recntly which country has become full fledge member of Financial Action Task
Force(FATF)?
a)Bangladesh b)Pakistan c)China d)India e)none
3. Which country is building the Worlds largest telescope in Antarctica?
a)China b)US c)Russia d)India e)Britain

4. Who won the Next Step Foundation 2010 Award?
a)Veerappa Moily b)Sharad Pawar c)Manmohan Singh d)Sonia Gandhi e)none
5. Who has been sworn in as 59
th
President of Colombia?
a)Michael Bloomberg b)Julia Gillard c)Christian Wulff d)Juan Manuel Santos e)none
6. Who has been appointed as the new vice president of ICC?
a)John Howard b)Sharad Pawar c)Alan Isaac d)Malcom Speed e)none
7. Who has been chosen for the Lal Bahadur Shastri Award for Excellence in public
administration, academics and management for 2010?
a)Aditi Lahiri b)Aruna Roy c)Bharat Bhasker d)Girish Tewari e)none
8. Ravindra Kelekar has been presented the coveted 2006 Jnanpith Award for his
contribution to the world in Literature. He was a famous write in which language?
a)Konkani b)Hindi c)Bengali d)Sanskrit e)none
9. Who among the following received the 2010 National Amity Award?
a)Yash Chopra b)Amir Khan c)Amitabh Bachchan d)Kareena Kapoor e)Sunil Dutt
10. Who has been conferred as Businessman of the Decade Award?
a)Narayana Murthy b)Mukhesh Ambani c)Ratan Tata d)Lakshmi Mittal e)Azim
Premji
11. Which is the first state in the country to launch the Pradhan Mantri Adarsh Gram
Yojana(PMAGY)?
a)Gujarat b)Rajasthan c)Uttar Pradesh d)Bihar e)Assam
12. With which country India has inked a deal for purchase of 57 Hawk Advanced Jet Trainer
Aircraft?
a)US b)Britain c)Israel d)Russia e)none
13. What is the present Retirement age of High court judges?
a)58 b)60 c)62 d)65 e)none
14. Who is the head of National Innovation Council to prepare road map for the decade of
Innovation 2010-2020?
a)Kapil Sibal b)A S Murthy c)Manmohan Singh d)Sam Pitroda e)none
15. How many crores has been allocated for the Leh Cloudburst Victims?
a)50 b)75 c)100 d)125 e)150
16. 2010Stand Up, Take Action is a campaign against ______?
a)Commonwealth Games b)Poverty c)Inflation d)Per capita Income e)Illiteracy
17. The Winner of 2010 Man Booker Prize?
a)Kiran Desai b)Anne Enright c)Hillary Mantel d)Aravind Adiga e)Howard Jacobson
18. The 2010 Asia-Europe Meeting (ASEM) summit was held in ______?
a)Beijing b)Bangkok c)Seoul d)Brussels e)London
19. Which Country has won highest gold medals in XIX Common wealth Games 2010?
a)India b)China c)Australia d)Canada e)none
20. XX Commonwealth Games 2014 will be held at _____?
a)Rome b)London c)Beijing d)Glasgow e)Melbourne

57th National Film Awards 2010:
The 57
th
National film awards were announced on 16-09-2010.
Amitabh Bachchan bags his third National Award for his performance in Paa,
previously he got for the films Agneepath(1991) and Black(2001).

List of 2010 Winners:
y Best Actor Amitabh Bachchan for Paa.
y Best Actress Ananya Chatterjee for Abohoman (Bengali).
y Best Director - Rituparno Ghosh for Abohoman.
y Best Film - 'Kutty Shrank'(Malayalam).
y Best Popular Film 3 Idiots.
y Best Film on Social Issues - Shyam Benegal's 'Well Done Abba'.
y Best Film on National Integration - Rakeysh Omprakash Mehra's 'Dilli-6'.
y Best Music Director - Amit Trivedi for Dev D.
y Best lyrics - Swananad Kirkirey for 3 Idiots.
y Best Playback Singer (Male) - Rupam Islam.
y Best Playback Singer (Female) - Niranjana Sarkar (Housefull).
y Best Sound Engineer - Rasool Pookutty.
y Best Supporting Actor - Farooq Sheikh for 'Lahore'.
y Best Supporting Actress - Arundhati Nag for Paa.
y Best Choreography - K Shivashankar for film Magadheera.
y Best Special Effects - Kamalakannan for film Magadheera.
US OPEN 2010:
The US Open, formally the United States Open Tennis Championships is one of the four
grand slam tennis tournament held every year.
List of 2010 winners:
S.no Winners Runners
1. Mens Single Rafael Nadal(ESP) Novak Djokovic(SRB)
2. Womens Single Kim Clijsters(BEL) Vera Zvonareva(RUS)
3. Mixed Doubles Liezel Huber, Bob
Bryan(US)
Kveta Peschke(CZE), Aisam-
Ul-Haq Quereshi(PAK)
4. Mens Doubles Bob Bryan, Mike
Bryan(US)
Bopanna(IND), Qureshi(PAK)
5. Womens Doubles N. Petrova(RUS), L
Huber(US)
Yung-Jan Chan(TPE), Jie
Zheng(CHN)



Posted by Varun Reddy at 19:19 5 comments
Labels: Amitabh Bachchan, Arts and Entertainment, Delhi-6, India, Movies, National Film Awards,
Rakeysh Omprakash Mehra, Shyam Benegal
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Sunday, September 12, 2010
Latest Current Affairs - 2010
y India lags behind several developing countries in terms of doing business, but is ahead
of China. It is ranked 77th in the Forbes Best Countries for Business list.
y Movie moghul D. Ramanaidu, a veteran producer with 130 films in a dozen languages in
five decades, has been conferred the prestigious Dadasaheb Phalke award for 2009 for
rendering outstanding contribution to the world of Indian cinema.

y The Planning Commission has finalised a Rs 13,742-crore Integrated Action Plan (IAP) for
Naxal-affected districts.The scope of IAP, earlier envisaged to cover 35 Naxal-affected
districts, has been widened to cover governance reforms and devolution of power to
grassroot institutions in 60 districts over the next three fiscal.
y Former Atomic Energy Commission (AEC) chairman and one of the guiding lights behind
India's first nuclear test, Homi Nusserwanji Sethna has died.
y The International Development Association (IDA), the World Bank's concessionary
lending arm, has approved a $220 million credit to support rebuilding efforts in areas
affected by the 2008 Kosi floods in Bihar. The Bihar Kosi Flood Recovery Project will
finance flood recovery efforts through the reconstruction of about 100,000 houses, 90
bridges and 290 kilometres of rural roads.
y Miss Mexico Jimena Navarrete, 22, was crowned Miss Universe 2010, beating off
competition from 82 contestants including Miss India.

y Japan approved an $ 11 billion stimulus package to tackle deflation and shore up a
recovery threatened by the surging yen, as the government heaped pressure on the
central bank to do more.
y After becoming the first state to accord the status of second official language to
Sanskrit, Uttarakhand has now finalised a proposal to have signboards of names of
places, departments and officials in the language, a move aimed at making it popular
among common people.
y Julia Gillard becomes Australia's first female and 27th prime minister prime minister.

y China successfully launched its "SinoSat-6" satellite for live radio and television
broadcast from the Xichang Satellite Launch Center in southwest China's Sichuan
Province. The satellite was carried on the Long March 3B rocket which took the SinoSat-
6 into a geostationary transfer orbit 26 minutes after the launch.
y Japan said it has detected its first case of an antibiotic-resistant "superbug" that
surfaced in South Asia and has triggered a global health alert.
y India cricket captain Mahendra Singh Dhoni was nominated as Uttarakhand's first
honorary wildlife warden as part of the hill state's tiger conservation campaign.
y The Punjab government has approved a new media policy providing more facilities to
journalists in the state. Under the new policy, 286 accredited journalists will get an
insurance cover of Rs five lakh. The state government has also set up Rs 10 crore 'Punjab
Chief Minister Relief Fund' for media persons.
y Mukesh Ambani-led Reliance Industries has been ranked second in the list of world's 10
biggest 'sustainable value creators' -- companies that have been successful in creating
the most shareholder value over the last decade -- prepared by Boston Consulting
Group.
y Srilanka defeated India to win the Triangular Series 2010 held in Srilanka.

y Mukesh Ambani-led Reliance Industries has been ranked second in the list of world's 10
biggest 'sustainable value creators' -- companies that have been successful in creating
the most shareholder value over the last decade -- prepared by Boston Consulting
Group.
y The Parliament of Sri Lanka passes the 18th Amendment to the Constitution of Sri Lanka
which removes the two-term limit on the presidency and allows him to choose the
judges and commissioners monitoring elections, human rights, and other affairs.
Posted by Varun Reddy at 10:44 13 comments
Labels: Dadasaheb Phalke, India, International Development Association, Jimena Navarrete, Miss
Universe, Miss Universe 2010, World Bank
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Sunday, September 5, 2010
Monetary Policy and Current Affairs of August - 2010
First Quarter Review of Monetary Policy 2010-11:
Monetary policy is the process by which the government, central bank of a country
controls (i) the supply of money, (ii) availability of money, and (iii)cost of money or rate
of interest, in order to attain a set of objectives oriented towards the growth and
stability of the economy.
As expected, RBI has raised the policy rates in the first quarter review of monetary
policy on 27-07-2010. This is the fourth rate hike since March this year raising the Repo
by a total of 100 bps and Reverse Repo by 125 bps.
Highlights of the policy:
y Repo rates hiked by 25 bps to 5.75% with immediate effect.
y Reverse Repo rates hiked by 50 bps to 4.50% with immediate effect.
y CRR, SLR and Bank rate kept unchanged at 6%, 25% and 6%, respectively.
y Estimated for GDP growth for 2010-11 revised to 8.5% from 8%.
y Inflation projection for March 2010 increased to 6% from 5.5%.
The next mid-quarter review of Monetary Policy for 2010-11 will be announced through
a press release on September 16, 2010.
The second quarter review of Monetary Policy 2010-11, including developmental and
regulatory policies, is scheduled on November 2, 2010.
August Current Affairs:
y China has eclipsed Japan as the world's second-biggest economy after three decades of
blistering growth that put overtaking the U.S. in reach within 10 years.
y Former Union Power Secretary Harishankar Brahma has been appointed as the Election
Commissioner in the Election Commission of India.
y Britains Andy Murray won the 2010 Rogers Cup over Roger Federer 75, 75 on Sunday
in Toronto.
y The President Mrs. Pratibha Devisingh Patil this evening conferred the prestigious Best
Parliamentarian Awards to Priya Ranjan Dasmunsi, Mohan Singh and Dr. Murali
Manohar Joshi at an impressive function in the Central Hall of Parliament. The Awards
were given for the year 2007, 2008 and 2009 respectively for their
outstanding contributions to parliamentary debates.
y Former Lok Sabha Speaker Somnath Chatterjee's book, "Keeping the Faith: Memoirs of a
Parliamentarian", which was released by Prime Minister Dr. Manmohan Singh.
y The Centre cleared for implementation the Rajiv Gandhi Scheme for Empowerment of
Adolescent Girls known as Sabla' aimed at enhancing their nutritional and
economic status. The scheme will be run along with the Integrated Child Development
Services (ICDS) project in anganwadi centres in 200 select districts, targeting girls in the
age group 11-18.
y Senior IPS officer R K Medhekar will be the new Director General of elite commando
force -- National Security Guard. Medhekar, a 1975 batch officer of Kerala cadre,
currently serving as Special Director General of Border Security Force. He will take over
from 1972 batch IPS officer N P S Aulakh.
y Vineet Jain, Managing Director, The Times of India (TOI) Group, has been elected as the
new chairman of Press Trust of India (PTI), the leading news agency of India. Jain
succeeds Vjiay Kumar Chopra, Editor, Punjab Kesari Group.
y Union Minister of State for Environment and Forests Jairam Ramesh launched the Green
Action for National Dandi Heritage Initiative(GANDHI) project in the historic coastal
village in south Gujarat. It was at Dandi that Mahatma Gandhi launched his salt
Satyagraha 80 years ago.
y The postal department released a stamp(of Rs.5) in Visakhapatnam to commemorate
the first death anniversary of the former chief minister late Y.S. Rajasekhar Reddy.