Banking and Financial Awareness – 11

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Agnihotri Ravindra

11 Feb, 2013

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Banking Awareness, Uncategorized,

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1) The Union Cabinet on 7 February 2013 approved enhancing the authorised capital of the National Bank for Agriculture and Rural Development (NABARD) to Rs. _________ from Rs. 5,000 crore and expanding its scope of operations? – Rs. 20,000 crore

2) An RBI panel on 6 February 2013 proposed a slew of measures like mandatory quoting of PAN card numbers for high-value purchases, restriction on gold loans and check on NBFC branches dealing with gold loans. These proposals were given in view of rising gold imports which has widened country’s current account deficit (CAD). Who is the head of this panel? – K.U.B. Rao, an RBI officer (Gold import is the second major contributor to the CAD after oil. Gold import in April-December stood at USD 38 billion. In 2011-12 fiscal it was USD 56 billion)

3) Union govt. on 6 February 2013 constituted an advisory panel for the electricity sector with an objective to iron out the issues impacting the growth of the sector. Who is the head of this panel? – Jyotiraditya Scindia, Union Power Minister (This panel also includes industry leaders like Cyrus P Mistry (Chairman, Tata Sons), Anil Ambani (Chairman ADAG), Pratip Chaudhuri (Chairman, SBI) and Chanda Kochhar (MD, ICICI Bank) and many senior govt. officials. The panel will delve into the problems plaguing the power sector, the most important being the raw material insecurity which threatens to upset the electricity production targets)

4) The Employees Provident Fund Organisation (EPFO) deferred a plan to make Aadhaar numbers mandatory for new entrants to the scheme after facing problems in enrolment. From which date quoting of Aadhaar numbers was going to become mandatory? – 1 March 2013

5) On 6 February 2013 UPA Chairperson Sonia Gandhi launched a new universal child health screening for birth defects and deficiencies that can lead to disabilities. Where was this new programme launched? – Palghar, a tribal block in Thane district of Maharashtra (This programme was launched under the National Rural Health Mission (NRHM) of the Union Ministry of Health and Family Welfare)

6) Who is the latest mobile service operator to join hands with ICICI Bank in its mobile banking service called Mobile Money? – Aircel (ICICI Bank has already launched this service with Vodafone and Tata Docomo earlier. The service allows the unbanked population of ICICI and Aircel to transfer money instantly and safely through the mobiles without even connecting to data services. This service is made available initially in Tamil Nadu)

7) Which mobile operator recently launched a new service called ‘Apna Chaupal’, a service primarily targeted towards rural and semi-urban users? – Airtel (This service provides a plethora of agriculture-related information to users through a toll free number 58080)

8) What is the name of a newly formed association, formed recently by 30-odd software companies of India, which is going to evolve as an alternative to NASSCOM? – Indian Software Product Industry Round Table or iSpirt (iSpirt has been formed by Indian software companies who believe that NASSCOM would not be able to provide more growth avenues to them in future. However, iSpirt members clearly stated that they see no conflict with NASSCOM)

9) What is the new name of MetLife India Limited, after Punjab National Bank (PNB) signed an agreement to acquire 30 per cent stake in the company on 4 February 2013? – PNB MetLife India Insurance Company Limited (PNB MetLife Insurance was also launched officially by Union Finance Minister P. Chidambaram on 4 February 2013)

10) Fred Turner, who died during January 2013, was associated with which famous brand of the US? – McDonalds (Turner was a former Chairman and CEO of McDonalds and was instrumental in popularizing the brand worldwide)

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  1. pankaj saini says:

    very useful informatio. thanks a lot