Banking and Financial Awareness – 8

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Agnihotri Ravindra

06 Feb, 2013

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Banking Awareness, Uncategorized,


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1) Indian market regulator SEBI with a view to safeguard the interest of small shareholders vis-à-vis promoters and other large investors during company takeovers, on 18 January 2013 brought the entities holding more that …….per cent stake under its insider trading regulations? – 5 per cent

2) During January 2013 the Parliamentary Standing Committee on Food and Consumer Affairs suggested the entitlement of food under the National Food Security Act to what percent of Indian populace which will be known as inclusive category? – 67 percent (These beneficiaries would be identified by the state government for the public distribution system of the subsidized rice and wheat. The remaining 33 per cent populace will be known as exclusive category who are tax-payers and have pucca houses of their own)

3) Indian market regulator SEBI with a view to safeguard the interest of small shareholders vis-à-vis promoters and other large investors during company takeovers, on 18 January 2013 brought the entities holding more that …….per cent stake under its insider trading regulations? – 5 per cent

4) 10th Knowledge Millennium Summit, which was inaugurated by President Pranab Mukherjee at New Delhi during January 2013, was organized by which leading commerce and industry association of India? – ASSOCHAM

5) By how much was the opening price of sale of spectrum used by mobile operators on the CDMA platform was slashed on 17 January 2013 by the union cabinet? – by Half or 50% (The decision to cut the reserve or base price for pan-India spectrum in the 800 megahertz band to Rs. 9,100 crore from earlier price of Rs. 18,200 crore was taken by the Cabinet headed by Prime Minister Manmohan Singh)

6) According to an income tax (IT) clarification made by the IT Department on 17 January 2013 software companies can send software engineers to clients abroad and claim deemed export benefits. This tax sop for software companies is being provided on recommendations of which committee’s report? – N Rangachary Committee’s report on taxation of the information technology sector

7) The union govt. during January 2013 decided to remodel the National Investment Fund (NIF) and use disinvestments proceeds to buy back shares of public sector enterprises as well as recapitalization of banks and insurance firms. From which date this remodeling and other related announcement would come into effect? – From 1 April 2013

8) A leading state-run power equipment manufacturing company in January 2013 informed the Prime Minister’s Office (PMO) about its reduction in capacity utilization by 60-70 per cent due to huge pending receivables, piling inventories and a drying order book. This company is also experiencing a very serious cash-crunch. Which is the company? – BHEL (Bharat Heavy Electricals Limited)

9) Who was appointed as the new CEO (India and South Asia) of India’s largest mobile communications company Bharti Airtel Limited on 15 January 2013? – Gopal Vittal (He will take place of outgoing CEO Sanjay Kapoor (wef 1 March 2013), who resigned from the company after serving the company for about 15 years)

10) Who led the Indian delegation to the annual meet of the World Economic Forum (WEF) held during January 2013 at Davos in Switzerland? – Kamal Nath (Urban Development and Parliamentary Affairs Minister)


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