Current Affairs(2014) Series 5
Q.1) Recently N.R. Narayana Murthy, the founder and executive Chairman of __________ was honoured with the 2014 'Canada India Foundation Chachalani Global Indian Award' in Toronto, Canada .
1) Infosys
2) TCS
3) Wipro
4) IBM
5) None of these
Correct Ans:
1 "N.R. Narayana Murthy is the fifth recipient of the 2014 Canada India Foundation Chachalani Global Indian Award and was awarded for his remarkable works in the IT sector. "
Q.2) Recently England's Snooker Player _________won World Snooker Championship 2014 held in Sheffield, England. He defeated Ronnie O Sullivan.
1) Alex Davies
2) Dave Harold
3) Yu Delu
4) Mark Selby
5) None of these
Correct Ans:
4 "
Mark Selby defeated Ronnie O Sullivan with 18-14. By this win he earned his first World Title and also became World No. 1 Rank holder in Snooker."
Q.3) Recently Saurabh Chandra assumed charge as Secretary, Ministry of Petroleum & Natural Gas, Government of India. He succeeded ___________.
1) Shubham Singh
2) R.K. Rao
3) Sumit Saxena
4) Vivek Rae
5) None of these
Correct Ans:
4 "
Saurabh Chandra assumed charge as Secretary, Ministry of Petroleum & Natural Gas, Government of India. He succeeded Vivek Rae. An officer of the Indian Administrative Service, belonging to the 1978 Batch (UP), Saurabh Chandra was earlier Secretary, Department of Industrial Policy and Promotion, Government of India since 17th April, 2012. "
Q.4) The bank should have net profit for the last ________consecutive years to be permitted to set up the joint venture company for undertaking the insurance business with risk participation subject to safeguards.
1) 6
2) 3
3) 5
4) 10
5) None of these
Correct Ans:
2 "Only the banks which satisfy the eligibility criteria given below will be permitted to set up the joint venture company for undertaking insurance bussiness with risk participation , subject to safeguards:
i. The net worth of the bank should not be less than Rs. 500 crore
ii. The CRAR of the bank should not be less than 10 percent
iii. The level of non-performing assets should be reasonable
iv. The bank should have net profit for the last three consecutive years, etc."
Q.5) Cheque Truncation is the process of stopping the flow of the physical cheque issued by a drawer at some point with the presenting bank en-route to the drawee bank branch. In its place an electronic image of the cheque is transmitted to the drawee branch by the clearing house.
Which among the following is/are its advantage(s) to the customers?
(A) Shorter clearing cycle
(B) Superior verification and reconciliation process
(C) Reduction in operational risk
(D) Increase in risks associated with paper cheque clearing
2) B and C
3) C and D
4) A, B and C
5) None of these
Correct Ans:
4 "
The benefits from CTS could be summarized as follows –
· Shorter clearing cycle
· Superior verification and reconciliation process
· No geographical restrictions as to jurisdiction
· Operational efficiency for banks and customers alike
· Reduction in operational risk and risks associated with paper cheque clearing"
1) Infosys
2) TCS
3) Wipro
4) IBM
5) None of these
Correct Ans:
1 "N.R. Narayana Murthy is the fifth recipient of the 2014 Canada India Foundation Chachalani Global Indian Award and was awarded for his remarkable works in the IT sector. "
Q.2) Recently England's Snooker Player _________won World Snooker Championship 2014 held in Sheffield, England. He defeated Ronnie O Sullivan.
1) Alex Davies
2) Dave Harold
3) Yu Delu
4) Mark Selby
5) None of these
Correct Ans:
4 "
Mark Selby defeated Ronnie O Sullivan with 18-14. By this win he earned his first World Title and also became World No. 1 Rank holder in Snooker."
Q.3) Recently Saurabh Chandra assumed charge as Secretary, Ministry of Petroleum & Natural Gas, Government of India. He succeeded ___________.
1) Shubham Singh
2) R.K. Rao
3) Sumit Saxena
4) Vivek Rae
5) None of these
Correct Ans:
4 "
Saurabh Chandra assumed charge as Secretary, Ministry of Petroleum & Natural Gas, Government of India. He succeeded Vivek Rae. An officer of the Indian Administrative Service, belonging to the 1978 Batch (UP), Saurabh Chandra was earlier Secretary, Department of Industrial Policy and Promotion, Government of India since 17th April, 2012. "
Q.4) The bank should have net profit for the last ________consecutive years to be permitted to set up the joint venture company for undertaking the insurance business with risk participation subject to safeguards.
1) 6
2) 3
3) 5
4) 10
5) None of these
Correct Ans:
2 "Only the banks which satisfy the eligibility criteria given below will be permitted to set up the joint venture company for undertaking insurance bussiness with risk participation , subject to safeguards:
i. The net worth of the bank should not be less than Rs. 500 crore
ii. The CRAR of the bank should not be less than 10 percent
iii. The level of non-performing assets should be reasonable
iv. The bank should have net profit for the last three consecutive years, etc."
Q.5) Cheque Truncation is the process of stopping the flow of the physical cheque issued by a drawer at some point with the presenting bank en-route to the drawee bank branch. In its place an electronic image of the cheque is transmitted to the drawee branch by the clearing house.
Which among the following is/are its advantage(s) to the customers?
(A) Shorter clearing cycle
(B) Superior verification and reconciliation process
(C) Reduction in operational risk
(D) Increase in risks associated with paper cheque clearing
1) A and B
2) B and C
3) C and D
4) A, B and C
5) None of these
Correct Ans:
4 "
The benefits from CTS could be summarized as follows –
· Shorter clearing cycle
· Superior verification and reconciliation process
· No geographical restrictions as to jurisdiction
· Operational efficiency for banks and customers alike
· Reduction in operational risk and risks associated with paper cheque clearing"
