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1, 2015-16; Issue 5
FINANCIAL WEEKLY
19th 25th NOV
INTERNATIONAL NEWS
NATIONAL NEWS
The biggest beneficiaries of the Seventh Central Pay Commission are set to be 52 lakh pensioners
with the adoption of the one-rank, one-pension (OROP) principle. They are also more likely to
spend the bounty than save it since they typically have fewer liabilities than those still working,
potentially fuelling higher demand for consumer goods and services besides recreation and travel,
experts said.
http://economictimes.indiatimes.com/articleshow/49885661.cms?utm_source=contentofinterest&utm_medium=text&utm_ca
mpaign=cppst
Coal-rich eastern states are in for a bonanza as Reserve Bank of India (RBI) today directed
they will get close to Rs 1,280 crore from the banks that they should lend at least 11.57 per
latest round of coal auction by this month-end, cent of their funds directly to non-corporate
with Rs 650 crore already transferred to their farmers in the fiscal 2015-16.
kitty.
RBI today set the target for direct lending by
The last three rounds have generated proceeds banks to agriculture under priority sector at
of more than Rs 3 lakh crore, which would be 11.57 per cent, which is based on the system-
realised over 30 years by eastern states like wide average of the last three years'
Jharkhand, Chhattisgarh, Odisha, West Bengal, achievement with regard to overall direct
in addition to Maharashtra and Madhya lending to non-corporate farmers.
Pradesh, where these mines are located.
http://economictimes.indiatimes.com/articleshow/49850219.c
http://economictimes.indiatimes.com/articleshow/49879393.c ms?utm_source=contentofinterest&utm_medium=text&utm_
ms?utm_source=contentofinterest&utm_medium=text&utm_ campaign=cppst
campaign=cppst
Market Stats
-Leif Garrett
Financially Yours (FY) Quiz
1. Moody's Investors Service upgraded its outlook for India's banking system to ------ from 'negative'
over the next 12-18 months.
a. stable b. positive
c. highly optimistic d. poor
2. -------- will create an alternative funding source and firms like IRFC, PFC, REC, NTPC along with big
NBFCs could issue these rupee denominated overseas bonds in the next 12 months.
a. Govt. Bonds b. Masala Bonds
c. Gold d. Mutual funds
3. After Fitch, Moodys has further downgraded Indias GDP growth forecast to ------ for the current
financial year.
a. 8.8 percent b. 7.8 percent
c. 7.0 percent d. 6.5 percent
4. The Union Government has decided to launch ------- in some countries to provide long term finance
for infrastructure development in the country.
a.Rupee Bonds b. Masala Bonds
c.Equities d. Gold bonds
5. Which of the following public sector banks has the largest number of banks in foreign countries?
a.Bank of India b. Bank of Baroda
c.Punjab National Bank d. Corporation Bank
6. Which is the countrys third largest private sector lender now known as Axis Bank Ltd.?
a.HDFC Bank b. Centurion Bank
c.UTI Bank d. Bank of Baroda
7. Expand LIBOR
a. Local Indian Bank Offered Rate
b. London-India Bureau of Regulations
c. Liberal International Bank Official Ratio
d. London Inter Bank Offered Rate
10. Which of the following public sector company provides insurance cover to exporters?
a.ECGC b. NABARD
c.SIDBI d. IRDA