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Financial Awareness MCQ: 1

1) Which is necessary for product planning and development?

(a) New product department
(b) Research department
(c) Research department
(d) Product team
(e) ) All of these
2) Who among the following is the New Chairman of TRAI, who
has taken charge in May, 2012 ?
(a) Rajendra S. Pawar
(b) Rahul Khullar
(c) J.S Sharma
(d) R.K Sinha

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3) A trademarks may be protected by __ ?

(a) Bank
(b) Consumer
(c) Law
(d) Producer
(e) Manufacturer
4) In March, 2013, RBI had announced the Mid-Term review of
Credit Policy. What is true regarding it ?
(a) CRR reduced by 25bps
(b) SLR raised by 25 %
(c) Repo Rate reduced by 25 bps
(d) No rate cut
(e) None Of these
5) The President for NASSCOM for 2012-13 is ?
(a) N Chandreshekhram
(b) Rajendra S. Pawar
(c) Krishna K Natrajan
(d) None of the Above.
6) In the Union Budget, 2013-14, What is true regarding Tax Slab
?
(a) No Change
(b) Tax Exception Up to 3 Lack
(c) Up to 2.5 Lack
(d) None Of these

7) Which is the type of labelling?

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(a) Brand labels

(b) Grade labels
(c) Descriptive labels
(d) Combination labels
(e) All of these

8) The Foodgrain Production Target for 2012-13 has been set of

Ministry of Agriculture at (a) 260 MT
(b) 255 MT
(c) 250 MT
(d) 245 MT

9) Supplementary Foreign Trade Policy 2012-13 aims to increase

Exports During 2012-13 by(a) 15%
(b) 20 %
(c) 25%
(d) 33%

10) During 2011-12, after Saudi Arabia which among the

following countries become the Second biggest Oil Supplier to
India ?
(a) Kuwait
(b) Iran
(c) Iraq
(d) Nigeria

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Ans: 1e, 2b,3c,4c,5a,6a,7e,8c,9b,10c

Financial Awareness MCQ: 2

Question 1Who is the newly elected Chairman of IBA ?

K. R. Kamath - K R Kamath was working as the chairman and managing

director of Punjab National Bank

Question 2What is full abbreviation of MMID ?

Answer :- Mobile Money Identifier used by the IRCTC to book train or
railway ticket.
Question 3Which thing is known as plastic money ?
Answer :- Credit card
Question 4Which is the largest commercial bank of India ?
Ans:- State Bank of India
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RBI permitted to encashment of which type of saving or bonds ?

Ans:- 8 % Saving Taxable Bond

Question 6- What is full form of PFRDA ?

Ans :- Pension Fund Regulatory and Development Authority Bill
Question 7Which is the country that launched first direct bank ?
Ans : -China - Beijing ( A direct bank is a bank without any branch
network )
Question 8Where is the headquarter of Bharatiya Mahila Bank ?
Ans :- New Delhi
Question 9Government of India planned to open how many branches of Bhartiya
Mahila Bank in first round and on which places ?
Ans:- total six branches at Delhi, Mumbai, Kolkata, Chennai, Guwahati
and Indore.
Question 10Recently RBI- Reserve Bank of India reduced MSF rate ( Marginal
Standing Facility ) to which rate ?
Ans:- 9.5% , earlier it was 10 %
Question 11in the past month of september which bank launched a new campaign
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"Own Your NPA ?

Ans :- IDBI

Question 12What is full abbreviation of CCEA ?

Ans :- Cabinet Committee on Economic Affairs
Question 13Who is the new CMD of Central Bank of India ?
Ans:- Rajeev Rishi
Question 14- Who is the new CEO MD of Bhartiya Mahila Bank ?
Ans:- Usha Anatha Subramanyam.

Financial Awareness MCQ: 3

Bold Options Are Answers
1. When did Regional Rural Banks start functioning in India?
(A) 1975
(B) 1947
(C) 1956
(D) 1960
2. Who was the Chairman of the Sixth Central Pay Commission?
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(A) Justice B. N. Srikrishna

(B) Prof. Ravindra Dholakia
(C) J. S. Mathur
(D) Sushma Nath
3. The 11th Five Year Plan is termed as plan for.
(A) Indias Health
(B) Eradication of poverty from India
(C) Indias Education
(D) Development of Rural India
4. Which of the following correctly describes what sub-prime lending is?
(1) Lending to the people with less than ideal credit status.
(2) Lending to the people who are high value customers of the banks.
(3) Lending to those who are not a regular customer
(A) Only 1
(B) Only 2
(C) Only 3
(D) All
5. The actual return of an investor is reduced sometimes as the prices of
the commodities go up all of a sudden. In financial sector this type of
phenomenon is known as:
(A) Probability risk
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(B) Market risk

(C) Inflation risk
(D) Credit risk
6. Which of the following is the limitation of the ATMs owing to which
people are required to visit branches of the bank?
(1) It does not accept deposits.
(2) It has a limited cash disbursement capacity.
(3) Lack of human interface.
(A) Only (1)
(B) Only (2)
(C) Only (3)
(D) All
7. The World Development Report 2009 is released by which of the
following Organisations?
(A) UNESCO
(B) ADB
(C) IMF
(D) World Bank
8. Which of the following statements is/are TRUE about the Lehman
Brothers Holdings Inc. which was in news sometimes back?
(1) The US government provided a US$ 7000 million bailout package to
the company.
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(2) The company filed for bankruptcy in a court in New York.

(3) The company is now out of financial crisis and is busy in its
restructuring so that it can start afresh.
(A) Only (1)
(B) Only (2)
(C) Only (3)
(D) All
9. The Reserve Bank of India has recently issued guidelines to banks on
Pillar 2 of Basel II framework. Pillar 2 deals with which of the
following?
(1) Better human resource management
(2) Adequate capital to support risks
(3) Better profitability with minimum number of employees
(A) Only (1)
(B) Only (2)
(C) Only (3)
(D) None of these
10.The World Investment Report 2008 was released in September
20This report is published every year by:
(A) Government of India
(B) World Trade Organisation (WTO)
(C) Asian Development Bank (ADB)
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(D) United Nations Conference on Trade and Development

(UNCTAD)
11. As we all know some new initiatives were introduced in the area of
Fiscal Management by the government of India. Which of the following
acts was passed a few years back to keep a check on the fiscal
indiscipline on macroeconomic parameters?
(A) FERA
(B) FRBMA
(C) FEMA
(D) Public Debt Act
12. Which of the following has the sole right of issuing paper notes in
India?
(A) Union Government
(B) Reserve Bank of India
(C) Ministry of Finance
(D) Supreme Court
13. Decision taken at Bretton Woods Conference led to the formation of
(A) IDA
(B) IMF
(C) ADB
(D) IFC
14. Which of the following is known as plastic money?
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(A) bearer cheques

(B) credit cards
(C) demand drafts
(D) gift cheques
15. Euro is the currency of European Union. When did it come into
being?
(A) 1999
(B) 1995
(C) 2000
(D) 2001
16. Which is the largest commercial bank in India?
(A) Reserve Bank of India
(B) State Bank of India
(C) ICICI Bank
(D) Bank of India
17. The Bank of Calcutta, Bank of Bombay and Bank of Madras were
merged in 1921 to form
(A) Reserve Bank of India
(B) Imperial Bank of India
(C) Bank of India
(D) Union Bank of India
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18.In India, income tax is levied by

(A) Union Government
(B) State Governments
(C) Ministry of Finance
(D) RBI
19. The Reserve Bank of India was nationalized in?
(A) 1947
(B) 1948
(C) 1950
(D) 1956
20. What is a Bank which has capital and reserves of over Rs. 5 lakhs
called?
(A) National Bank
(B) Cooperative Bank
(C) Scheduled Bank
(D) Unscheduled Bank

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IMPORTANT NOTES:
IMF cuts Chinas growth forecast but urges focus on reforms:
The International Monetary Fund (IMF) cut its 2015 economic growth forecast for
China to about 7 percent, but urged authorities to avoid further stimulus measures
and concentrate on curtailing financial risks instead.
RBI fixes
rupee reference
rate at 59.2973
against USD:
The Reserve Bank of India (RBI) on Thursday fixed the reference rate of the rupee
against US dollar at 59.2973 and of euro at 80.6999 as against 59.3360 and
80.7640 on 4 june 2014.
RBI allows FPIs, NRIs to invest upto 26% in insurance:
The Reserve Bank on 5 June said overseas investors, including FPIs and NRIs, can
invest up to 26 percent in insurance and allied activities through the automatic
route.
Exim Bank provides $46 mn line of credit to Mauritius:
a. Exim Bank has extended USD 46 million line of credit to Mauritius for
financing goods and defence related vehicles purchases.
b. Exim Bank has entered into an agreementfor a Line of Credit of USD 46
million for financing eligible goods, machinery, equipment and services including
consultancy services from India for the purpose of financing purchase of
specialised defence-related equipment and vehicles for the Mauritius Police Force
[MPF] in Mauritius, RBI said in a notification.
c. Exim Bank and Mauritius had entered into the agreement on February 12, 2014.
SBI General Insurance hopes to maintain its growth momentum of recent years and
has set a 60 per cent target in premium growth in the 2014-15 fiscal.

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According to the HSBC Services Business Activity Index released on 4 June 2014
Indias services sector expanded for the first time during May 2014 after a gap of
how many months? 11 months
RBI keeps Repo Rate unchanged at 8%; SLR cut by 50 bps:
Second Bi-Monthly Monetary Policy Statement, 2014-15 By Dr. Raghuram G
Rajan, Governor(R.B.I) Reserve Bank of India on 2 June kept key rates
unchanged. While the repo rate was maintained at 8% and reverse repo rate at 7%,
the SLR was cut by 50 basis points Current RBI Policy & Reserve Rates:
Repo Rate 8% (Unchanged)
Reverse Repo 7% (Unchanged)
CRR
4% (Unchanged)
SLR
22.5% (Changed)
MSF
9% (Unchanged)
Bank Rate
9% (Unchanged)
HSBC
manufacturing
PMI
inches
up
in
May:
The HSBC India Manufacturing Purchasing Managers Index (PMI), a measure of
factory production, edged up marginally from 51.3 in April to 51.4 in May,
pointing to a slight improvement in operating conditions of the firms surveyed.
Activity in the sector expanded for the seventh consecutive month in May. A PMI
reading above 50 indicates growth while a lower reading means contraction.
The momentum in the manufacturing sector improved at the margin, thanks to
higher domestic and export order flows, said Frederic Neumann, Co-Head of
Asian Economic Research at HSBC.
RBI
directive
on
foreign
currency
accounts:
The Reserve Bank of India has directed banks to: convert credit balances in any
inoperative foreign currency (FC) denominated deposit into Indian rupee if the
former remains not in use for three years from the date of maturity of deposit.
Syria has suffered $143.8-bn economic loss due to civil war: UN
Syria has suffered $143.8 billion in economic losses due to the continuing civil war
in the country, according to a new UN report.
RBI
to
hold
repo
rate
next
week:
DBS
The Reserve Bank of India is likely to leave the key interest rate unchanged in the
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monetary policy review next week as inflation control remains a priority for the
central bank, says a DBS report.
YES Bank raises $500 mn, demand strong after Modi win:
The offering, aimed at boosting its balance sheet, drew strong demand, pricing at
the top end of its indicative range and bids outnumbered shares on offer by five
times.
RBI CHIEF REITERATES CALL FOR GLOBAL MONETRY
COORDINATION:
Reserve Bank of India chief Raghuram Rajan reiterated on 28 May what he said is
the need for global central banks to be mindful of the impact of their
unconventional monetary policy measures on other economies.
DOLLAR
VOTING:
The term dollar voting is an analogy which purports to characterize the process of
economic resource allocation through the relative sums of money spent on various
goods and services.
SEBI bans nine entities from securities market for up to five years:
Regulator SEBI prohibited nine entities from the securities market for up to five
years for allegedly indulging in manipulative trade in the shares of Asian Star
Company Ltd (ASCL).
RBI
eases
forward
forex
contracts
norms
for
importers:
Providing importers with greater flexibility in hedging, Reserve Bank on Tuesday
allowed them book forward foreign exchange contracts up to 50 percent of the
eligible limit.
Convert inoperative foreign currency A/c into Re A/c: RBI:
The Reserve Bank has directed banks to convert credit balances in any inoperative
foreign currency denominated deposit into Indian rupee if the former remains not
in use for a period of three years from date of maturity of deposit.
RBI tightened acquisition & merger rules for Non-Banking Financial
Companies:
i. The Reserve Bank of India (RBI,) tightened merger rules for non-bank finance
companies (NBFCs) to ensure fit and proper character of the management of
NBFC.
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ii. The RBI on 26 May 2014 notified the Non-Banking Financial Companies
(Approval of Acquisition or Transfer of Control) Directions, 2014. The directions
will come into force with immediate effect.
In 2014, Foreign Exchange Reserves increased by 15.5 billion US dollar RBI
Reserve Bank Governor Raghuram Rajan called on new Finance Minister Arun
Jaitley and discussed the prevailing economic situation as well as the issues related
to the rise in prices.
RBI
extends
loan
tenure
for
exporters
to
10
years:
The Reserve Bank of India on 21 May 2014 allowed banks to provide loans to
exporters with tenures of up to 10 years.RBI gave the permission to banks to allow
only those exporters who have a minimum of three years satisfactory track record
to receive long term export advance up to a maximum tenure of ten years. It will be
utilized for execution of long-term supply contracts for export of goods.
How much amount was collected by Indias largest banking group the State Bank
of India (SBI) recently in overseas debt sale through a dual tranche bond
programme, which make it the largest ever offering from a domestic issuer?
$1.25 billion
Which country during 2013 overtook Mauritius as the top gateway of money being
brought in by overseas investors through the foreign direct investment (FDI) into
Indian markets? The United States
Which international financial institution on 11 April 2014 completed its first global
rupee bond programme worth $ 1 billion? International Finance Corporation
(IFC)
Which famous American bank came to news during April 2014 for miscalculating
a measure of the capital on its books which reduced its capital level by $4 billion?
Bank of America
RBI announces easing for gold imports:
Gold-Imports The Reserve Bank of India (RBI) on 21 May 2014 eased gold import
norms by allowing select trading houses, in addition to already permitted banks.
The RBI had in July last year had imposed severe restrictions on gold imports in
order to check the burgeoning current account deficit and sliding rupee. It had tied
imports with exports and prescribed a 20:80 formula. This facility was available to
select banks only and other entities were barred from importing gold.
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Bharatiya Mahila Bank included in Second Schedule of RBI Act, 1934:

i. Bharatiya Mahila Bank (BMB) was included in the second schedule of the
Reserve Bank of India (RBI) Act, 1934. The inclusion of the BMB in the second
schedule was announced by RBI in a notification issued in Mumbai on 21 May
2014.
ii. With the inclusion of BMB, total number of scheduled commercial banks in
India now stands at 90. As on 2 May 2014, there were 89 Scheduled commercial
banks in India.
iii. The inclusion of BMB in the second schedule of the RBI Act, 193 means that
now it will be eligible for loans from RBI on bank rate and also acquired
membership of clearing houses.
RBI eases gold import norms; nod for select trading houses to procure from
abroad:
i. The RBI has eased gold import norms and allowed select trading houses to
procure it from abroad. In a notification issued from Mumbai, the RBI said that
star trading houses or premier trading houses which are registered as nominated
agencies can now import gold under 20:80 scheme.
ii. Under this scheme, an importer has to ensure that at least 20 per cent of every
lot of imported gold is exclusively made available for export purpose.
RBI nod for bank loan tenure upto 10 years to boost export industry:
In a major boost for the export industry, the RBI has allowed banks to provide
loans with tenures of up to 10 years.
RBI directs all banks to install talking ATMs from July 1:
i. The Reserve Bank of India on Wednesday said banks should make all new
ATMs installed from July 1, 2014 as talking ATMs with Braille keypads.
RBI panel recommends one-licence policy for all banks:
i. The RBIs vision of a uniform licence regime for the banking sector was
proposed in a panel report on Tuesday that recommended a one-licence policy for
all banks , irrespective of the ownership pattern.
ii. This will include all public sector, private sector (old and new) and foreign
banks operating in India.
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iii. This will facilitate larger pools of capital coming into the nationalised banks
and assist in improving market valuations. For distressed public sector banks, it
provides the Government with another financing option through the induction of
private equity with board representation, a partnership which could also help
improve board governance, the RBI said.
April
inflation
eases
to
5.2
per
cent:
Moderating onion prices eased wholesale inflation in April ahead of new
government formation. The Wholesale Price Index (WPI) in April rose at the rate
of 5.2 percent, according to official data released in New Delhi on 15 may 2014.
The Punjab government has fixed 8.7 per cent interest rate on General Provident
Fund (GPF) and Contributory Provident Fund (CPF) for the financial year 201415.
Shares of state-run banks rose as much as 5% after an RBI panel report said that
the Government should reduce the holdings in PSU lenders to below 50%. Who
headed this panel? PJ Nayak, ex-Chairman of Axis Bank.
Which car belonging to Maruti Suzuki India (MSI) became the second to reach the
milestone of 2.5 million units sale recently? Alto
Sensex,
Nifty
end
at
record
highs
on
capital
inflows:
(i). The benchmark sensex on 9th May crossed record 23,000 level for the first
time but closed a tad lower at 22,994.23, posting its biggest single-day gain of
650.19 points since September 2013, on strong FII buying in banking, auto and
power stocks ahead of election results next week.
(ii). In the day trade, the 30-share BSE barometer scaled its all-time high of
23,048.49 points as ICICI Bank, Tata Motors and Reliance Industries spurted.
(iii). The broad-based Nifty of the National Stock Exchange too spurted by 198.95
points, or 2.99 per cent to settle at record closing of 6,858.80. It touched an alltime intra-day high of 6,871.35 points, breaching previous record of 6,869.85
reached on April 25.
GDP growth can reach 6.5% in 2014-15 with reforms: CII
(i). According to the new president of the Confederation of Indian Industry (CII),
India can achieve GDP growth rate of well over 6% provided that systemic reforms
are carried out quickly by the new government.
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(ii). In the period of 2004-08 the GDP was at an average growing at the level of
9%, thereafter for next 2 years the average growth fell down to 7% and in the last
few years it has lowered further. One of the important issues which the lower
economic growth brings to the forefront is of job creation and with no economic
growth it will be a greater challenge.
Indian companies will not be permitted to raise External Commercial
Borrowings:
RBI:
The Reserve Bank of India, RBI, has decided that Indian companies will not be
permitted to raise External Commercial Borrowings from overseas branches or
subsidiaries of Indian banks for refinance or repayment of the Rupee loans raised
from domestic banking system.
RBI allowed the minors of age above 10 years to open Savings bank accounts:
Reserve Bank of India (RBI) issued the guidelines to allow the minors of age
above 10 years to independently open and operate savings bank accounts and use
other facilities like ATM and cheque books.
RBI
scraps
pre-payment
charges
on
floating
rate
loans:
Now you can pre-pay your home loans with that extra money in your hands
without doing complex calculations on what your bank might charge you as
penalty because you eat into their potential interest earnings.
The Reserve Bank of India (RBI) has put on hold its decision to make Aadhaarbased biometric authentication for transactions mandatory. The Supreme Court had
earlier asked the government not to link Aadhaar with any social benefit schemes
and subsidies. What was the main reason for this decision of the RBI? Huge
time taken for Aadhaars biometric authentication and high set up costs.
What major relief was announced by the Reserve Bank of India (RBI) on 7 May
2014 for takers of housing, auto and personal loans? It directed all the
commercial banks not to levy any penalty on pre-payment of loans under floating
rate scheme that cover housing, auto as well as personal loans
A modest recovery is on the cards for the Indian economy and it is expected to
clock 5.6 per cent GDP growth in 2014-15, says a Citigroup report.
UAE-based bank Emirates NBD has launched DirectRemit service which
would, among other things, enable customers to speedily transfer money to other
banks in India.
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Forex
reserves
rise
by
$500
mn:
RBI
Indias foreign exchange (forex) reserves rose by $499.8 million to $309.91 billion
for the week ended April 25, led by a sharp jump in overseas currency assets,
Reserve Bank of India (RBI) data showed.
World
Bank
approves
$12b
loan
for
Pakistan:
The World Bank is preparing to loan Pakistan 12 billion dollars over the next five
years to help lift its economy, which has been battered by a decade of conflict and
an acute energy shortage, the Finance Ministry said Friday.
Who headed the committee on Credit Information Reports (CIRs), which
submitted its report to the Reserve Bank of India (RBI) during March 2014?
Aditya Puri
Which infrastructure finance company during March 2014 received RBI approval
to set up a minimum of 9,000 white label ATMs (WLAs) in the next three years in
rural India? SREI Infrastructure Finance Ltd
What is the name of the pre-paid/remittance provider associated with the m-Pesa
platform, which during March 2014 started a pan-India inter-bank money transfer
service by joining hands with the Immediate Payment Service (IMPS) of the
National Payments Corporation of India (NPCI)? Mobile Commerce Solutions
Ltd (MCSL)
Union Government on 21 March 2014 sold its 9% stake in which private sector
bank? Axis Bank
The Reserve Bank of India (RBI) on 19 March 2014 allowed five domestic private
banks to import gold. This decision is expected to give a boost to gold supplies and
bring down premiums gold prices in India, which is the worlds second-biggest
consumer after China. Which 5 banks are these? HDFC Bank , Axis Bank,
Kotak Mahindra Bank, IndusInd Bank and YES Bank
Which state scored the highest in monthly per capita consumer expenditure
(MPCE) report rankings for urban areas which was released during March 2014 by
the National Sample Survey Organisation (NSSO)? Haryana
Which state scored the highest in monthly per capita consumer expenditure
(MPCE) report rankings for rural areas which was released during March 2014 by
the National Sample Survey Organisation (NSSO)? Kerala
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What is the name of the Deputy Governor of the RBI who resigned on 20 March
2014? KC Chakrabarty
Indian market regulator SEBI on 19 March 2014 passed an order against Financial
Technologies (FTIL), declaring it as not fit and proper to hold any shares directly
or indirectly in any stock exchange or clearing corporation. FTIL presently holds
equity stakes in which stock exchanges of the country? MCX Stock Exchange
(MCX-SX), National Stock Exchange (NSE), Delhi Stock Exchange (DSE),
Vadodara Stock Exchange (VSE) and MCX-SX Clearing Corporation (MCXSX CCL)
Which financial entity is managing this ETF?
Goldman Sachs India MF (The CPSE-ETF tracks an index fund but trades like a
stock on the exchange and is yet another avenue for the Union Govt. for selling its
stake in CPSEs)
RBI
implements
Bhaskar
panel
recommendations:
The Reserve Bank of India (RBI) has asked the Fixed Income Money Market and
Derivatives Association of India (FIMMDA) and the Foreign Exchange Dealers
Association of India (FEDAI) to act as administrators of the Indian rupee interest
rate and foreign exchange benchmarks.
IMFs
cautious
optimism:
The latest edition of the IMFs flagship publication, World Economic Outlook, is
cautiously optimistic on the prospects for the global economy. The update,
prepared on the eve of the spring meeting of the IMF and the World Bank in
Washington, projects a modest growth in world output by about 3 per cent in 2013,
going up to 3.6 per cent in 2014 and to 3.9 the next year.
The Reserve Bank of India (RBI) on 10 April 2014 issued a directive to banks on
sale and purchase of real estate overseas.
Which round of Inflation Expectations Survey was launched by the Reserve Bank
of India (RBI) on 3 March 2014? 35th
The Reserve Bank of India (RBI) on 3 March 2014 extended the deadline for the
public to exchange currency notes printed before 2005 up to which date? 1
January 2015 Which PSU bank sold its entire stake in credit information provider
Credit Information Bureau of India Limited (CIBIL) to Transunion International
Inc (TII) during March 2014? Central Bank of India.
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(Central Bank had 5% stake in CIBIL while TII is the majority shareholder in
CIBIL at 27.5%. State Bank of India and ICICI Bank carry 10% each, while rest of
2.5% is with Sundaram Finance Ltd. Among others, Bank of Baroda, Bank of
India, Punjab National Bank, Union Bank, Citicorp Finance (India), HSBC,
Standard Chartered Bank, Indian Overseas Bank and HDFC Ltd each hold 5%
stake in CIBIL)
Union Government on 28 February 2014 approved the proposal to ensure Rs.
1,000 minimum monthly pension under a scheme of Employees Provident Fund
Organisation (EPFO). This pension would be provided under which EPFO
scheme? Employees Pension Scheme-95 (EPS-95)
The Union government on 4 March 2014 announced raising the interest rates on
select fixed deposit schemes offered by post offices. Maximum increase of 0.2%
per annum (20 basis points) was announced on which two schemes offered by post
offices? 1-year term deposit and 2-year term deposit
(The interest on these two schemes was raised from the present 8.2% per annum to
8.4% per annum. On the other hand rate of interest was raised by 0.10% (10 basis
points) on 3-year term deposit, 5-year term deposit and 5-year recurring deposit
schemes. This increase would come into effect from 1 April 2014)
Reserve Bank of India (RBI) on 13 March 2014 hiked the trade related remittance
limit from Rs. 2 lakh to Rs. 5 lakh per transaction. What was the reason for this
increase? Increase in the number of transactions handled by exchange
houses
(There is a rapid increase in the number of the permitted transactions under the
Rupee Drawing Arrangements (RDAs) due to rapid developments in the
communication facilities)
Nishi Vasudev on 1 March 2014 became the first woman to become head of a
prominent blue-chip PSU. Which PSU is this? Hindustan Petroleum Corp Ltd.
HPCL (She replaced Subir Roy Choudhury)
Who took over as the new Chairman and Managing Director (CMD) of Allahabad
Bank on 11 March 2014? Rakesh Sethi (Prior to this elevation, Sethi was an
executive director at Punjab National Bank)

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Which two state-owned companies on 14 March 2014 bought 10% government

stake in Indian Oil Corp (IOC) for Rs 5,340 crore? Oil and Natural Gas Corp
(ONGC) and Oil India Ltd (OIL)

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