Banking and Financial Awareness – 12

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Agnihotri Ravindra

13 Feb, 2013

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Banking Awareness, Uncategorized,

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1) Which South-American country on 8 February 2013 announced decision to devalue its currency by half as devaluation is expected to push up prices in this heavily import-reliant economy? – Venezuela (Venezuelan currency bolivars’ devaluation became effective on 13 February 2013)

2) Finance Minister P. Chidambaram simultaneously inaugurated 101 branches of which public sector bank on 9 February 2013? – State Bank of India (SBI)

3) The Reserve bank of India on 8 February 2013 directed which two categories of banks not to grant loans for purchase of gold in any form in order to check the significant rise in import of the precious metal in recent years? – Central co-operative Banks (CCBs) and State Co-operative Banks (SCBs)

4) Which stock exchange became India’s newest stock exchange on 9 February 2013 after Finance Minister P. Chidambaram inaugurated it? – MCX-SX (This newest stock exchange of India is competing against two established stock exchanges of the country – NSE and BSE)

5) India’s newest stock exchange MCX-SX started formal stock trading operations on 11 February 2013 with first day’s total trade worth Rs. 12.53 crore. MCX-SX started with how many companies admitted for trading in its capital market segment? – 1,116 companies

6) Who are the promoters of country’s first infrastructure debt fund (IDF), which was launched by Union Finance Minister P. Chidambaram on 9 February 2013? – Life Insurance Corporation (LIC) of India and the IL&FS Group (IDF has primarily been set up to provide long term finance available for complete lifecycle of infrastructure projects)

7) A committee was recently set up by the Union Environment Ministry to review the kinds of projects that require environmental clearance from the Centre. Who is the head of this committee? – K. Kasturirangan, Member, Planning Commission

8) How much additional cash subsidy was announced on 11 February 2013 by the union govt. for state-owned fuel retailers for current fiscal year to make up for the revenue they lost on selling auto and cooking fuel below cost? – Rs. 25,000 crore

9) Which major coffee producing country on 8 February 2013 declared a national emergency over the spread of coffee rust disease, which has affected almost 70 per cent of coffee plantation in the country? – Guatemala (Coffee rust and fungus has affected coffee produce Guatemala as well as other South and Central American countries like Mexico, Honduras, Costa Rica and El Salvador)

10) The Supreme Court on 7 February 2013 directed Karnataka Govt. to release 2.44 tmcft. of water to Tamil Nadu after accepting the report of a commission on this matter. Which commission submitted its comprehensive report to the Supreme Court on Cauvery dispute between Tamil Nadu and Karnataka? – The Central Water Commission – CWC (the commission prepared its report after visiting Thanjavur, Nagapattinam and Thiruvarur on February 5 2013. Supreme Court also rejected Tamil Nadu’s plea for releasing 9 tmcft. of Cauvery water)

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