Banking and Financial Awareness – 6

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Agnihotri Ravindra

01 Feb, 2013

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Banking Awareness, Uncategorized,

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Basel 3

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1) India will start implementing Basel III norms, which comprises of new global capital rules for banks, from which date? – 1 April 2013 (Under Basel III norms, Indian banks will have to hold core capital of at least seven percent of risk-weighted assets)

2) S. Raman, who was appointed as the third whole-time member of Securities and Exchange Board of India (SEBI) recently, is former Chairman & Managing Director (CMD) of which bank? – Canara Bank

3) The ceiling for foreign direct investment (FDI) in asset reconstruction companies (ARCs) was raised by the union govt. from 49 to ………. per cent recently? – 74

4) The Unique Identification Authority of India (UIDAI) is setting up its data centre, which is going to be a state-of-the-art, energy efficient, captive ‘Green Data Centre’ and would be built as per global standards. Where this data centre of UIDAI is being established? – Manesar (Haryana)

5) Who is the Chairman of a newly set-up five-member committee, which will suggest measures to lower the high costs of Air India’s operations and improve its utilization of resources? – Prof. Ravindra H. Dholakia (Professor of IIM Ahmedabad)

6) Who was named as World’s richest person in the latest edition of Bloomberg Billionaire Index which was released recently? – Carlos Slim (The telecom tycoon of Mexico, with a wealth over $70 billion. Richest Indian in this index was Reliance Industries’ Mukesh Ambani with a wealth of about $24 billion)

7) The govt. announced constitution of 14th Finance Commission on 2 January 2013, which is to give its final report on 31 October 2014. Who was appointed as the Chairman of 14th Finance Commission? – Y.V. Reddy (former Governor of the Reserve Bank of India)

8) Who was appointed as Deputy Governor of the Reserve Bank of India on 3 January 2013 in place of Subir Gokarn, who retired on 31 December 2012? – Urjit Patel

9) Union govt.’s ambitious Direct Benefits Transfer (DBT) programme was rolled out in how many districts of the country on 1 January 2013? – 20 districts (Earlier the programme was to be initiated in 51 districts of the country but due to technical glitches and teething problems the programme was started in 20 districts. Govt. announced on 31 December 2012 that scheme would be extended to 11 more districts on 1 February 2013 and to another 12 districts on 1 March 2013)

10) What crisis was the US facing, which was resolved on 1 January 2013, after the Congress voted in favour of a White House compromise bill? – This bill averted America’s longest running fiscal cliff and without this bill every tax-payer in America would have faced tax rises from 1 January 2013. This bill is a short-term, temporary compromise that will impose tax rises on the 2 per cent wealthiest Americans and would spare the working-class and middle-class


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The Swedish newspaper was recently asked it to delete the reference made by President Pranab Mukherjee to the Bofors scam in an interview to it, as a claim protested by the Indian Government on 27 May 2015. India has expressed disappointment over the disrespect shown to the President, the newspaper has defended its right to publish what was said during the interview.

Know, who is Vijay Kelkar and what is PPP !

Vijay Kelkar is a renowned economist and a former Finance Secretary. He was appointed head of newly constituted committee to give recommendations to recast the model of Public-Private-Partnership (PPP) model in India. India is one of the largest PPP market with over 900 projects. The Kelkar committee will review the PPP policy, suggest a better risk-sharing mechanism between private developers and the government after analysing such projects.

Know, who is Yaduveer Krishnadatta Chamaraja Wadiyar !

Yaduveer Krishnadatta Chamaraja Wadiyar was crowned as the new Maharaja of of Mysuru (Mysore) royal family. He is the 23-year old grandson of Princess Gayathri Devi, who was the eldest daughter of the last Maharaja of Mysore, Sri Jayachamarajendra Wadiyar. The coronation was held at Mysuru’s famous Amba Vilas Palace, which was decked up for the occasion.

Know about Sepp Blatter!

Swpp Blatter, was re-elected as FIFA president for a fifth term at the 65th Annual Congress of FIFA held at Zurich for four year term.

Prince Ali bin al-Hussein of Jordan stood against Blatter in this election. It is worth mentioning that FIFA is going through a major controversy regarding corruption in the organisation with two FIFA vice presidents and a recently elected FIFA executive committee member still in custody.


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