1. The Central Government is all set of appoint Arvind Subramanian as the new Chief Economic Advisor (CEA). He is now the Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics and senior fellow at the Centre for Global Development as its Chief Economic Advisor (CEA).
He will succeed Dr. Raghuram Rajan who took over as Reserve Bank Governor in September last year, since then the post has been lying vacant.
2. The Reserve Bank has projected India’s economic growth at 5.5% in the current financial year due to improvement in manufacturing activity and investment, in its annual report for the Financial Year 2013-14 published yesterday. As per the report, high and persistent inflation has become a key risk to growth and to overall macroeconomic stability.
RBI expects retail inflation to be at 8% by January 2015 which is in its control but it projects 6% inflation by January 2016 which is still on the higher side. It has also warned that any steep increase in global crude oil price will have adverse impact on Inflation.
The RBI said in its report that its surplus for the Financial Year 2014 fiscal declined 14.75% to Rs 52,679 crore as its interest income from investments in foreign sovereign bonds declined during the year even as its investments increased.
3. The Indian Banks’ Association has elected TM Bhasin as the Chairman of the Association for 2014-15 at its 67th annual gene meeting. Currently, he is Chairman and Managing Director of Indian Bank. He succeeded previous IBA chairman KR Kamath, CMD of Punjab National Bank.
The AGM also elected three Deputy Chairpersons, Arun Kaul, CMD, UCO Bank; SL Bansal, CMD, Oriental Bank of Commerce, and Chanda Kochhar, MD & CEO, ICICI Bank and an Honorary Secretary, Arundhati Bhattacharya, Chairman, State Bank of India.
4. Jnanpith award winner and famous Kannada writer U R Ananthamurthy passed away today evening at a hospital in Bangalore. He was hospitalised for infection and fever today morning. He was awarded with the Padma Bhushan in 1998, Jnanpith award in 1994, the state Rajyothsava award in 1984. He was also nominated for the 2013 Man Booker International Prize.
He did his doctorate from the University of Birmingham in 1966 where he began his career as a professor in the English department. He also served as the vice chancellor of the Mahatama Gandhi University in Kottayam from 1987 to 1991. After serving as the chairman of the National Book Trust for the year 1992, he was elected as the President of the Sahitya Academy in 1993.
GK Quiz – 22 August 2014
|7551||Former India cricket captain ___________ has been elected as the newest member of Laureus World Sports Academy in July 2014. With this he will become the 47th member of the panel.|
|A) Rahul Dravid|
|B) Saurav Ganguly|
|C) Sachin Tendulkar|
|D) Sunil Gavaskar|
|7552||An eminent biographer of _________________ Granville Austin passed away in Washington in July 2014.|
|A) Indian Constitution|
|B) Indian Archiology|
|C) Indian Geography|
|D) Indian History|
1. Prime Minister Narendra Modi dedicated NTPC’s thermal power station at Mouda near Nagpur to the nation today. In his speech, he has given more importance to infrastructure for any nation to develop.
He has also dedicated the Ranchi-Dharamjaygarh-Sipat 765 KV inter-regional power transmission line to the nation in Jharkhand earlier the day. This line is the first inter-regional link between the eastern and western region.
2. The Reserve Bank of India introduced a minimum set of guidelines for non-banking finance companies (NBFCs) on lending against shares in order to reduce volatility in the capital market due to NBFCs offloading shares pledged by borrowers who have defaulted on loans. As per the new guidelines, NBFCs with asset size of Rs 100 crore and above, the NBFCs have to maintain a loan-to-value (of shares pledged) of 50% and accept only Group 1 securities as collateral for loans of a value more than Rs 5 lakh. The guidelines come into effect immediately.
All NBFCs with asset size of Rs 100 crore and above should report online to stock exchanges information on the shares pledged in their favour by borrowers to avail themselves of loans.
3. HDFC Bank has been ranked as India’s most valuable brand with a brand value of USD 9.4 billion, as per the first edition of the BrandZ Top 50 Most Valuable Indian Brands ranking published in Mumbai on 20th August. Bharti Airtel secured the second position with USD 8.2 billion, State Bank of India (SBI) at third with 6.8 billion and ICICI Bank at fourth position with USD 3.53 billion in the same list.
4. Five Indian companies, including Hindustan Unilever and Tata Consultancy Services, are placed in the list of Forbes’ list of the world’s 100 most innovative companies that investors think are most likely to “generate big, new growth ideas’’, published yesterday. Hindustan Unilever is ranked 14th, followed by IT major Tata Consultancy Services (57), Larsen & Toubro (58), Sun Pharma Industries (65) and Bajaj Auto (96).
1. Thailand coup leader, Army Chief Prayuth Chan-ocha, has been elected as the 29th Prime Minister of Thailand. He was backed by 191 members of the 197-strong junta-picked national assembly. No assembly member opposed the selection of the army chief who was also the only candidate for the Prime Minister post.
Earlier, He seized power from an elected government in a bloodless coup in May this year shortly after previous Prime Minister Yingluck Shinawatra was dismissed in a controversial court ruling.
2. Bangladesh has decided to join the newly formed BRICS development Bank, an initiative taken by the five emerging countries of the world – Brazil, Russia, India, China and South Africa. Finance Minister of Bangladesh A.M.A. Muhith announced that the ministry has send letters to Bangladesh Missions in the five countries to know about the details of joining the bank.
3. Global cloud computing company Salesforce secured the first rank in the same list for the fourth consecutive times in the list of Forbes’ list of the world’s 100 most innovative companies that investors think are most likely to “generate big, new growth ideas’’, published yesterday. Salesforce is followed by biotech firm Alexion Pharmaceuticals (2), British semi-conductor company ARM Holdings (3), fast moving consumer goods company Unilever Indonesia (4) and New York-based biopharmaceutical company Regeneron Pharmaceuticals (5).
4. Australian Cyril Baldock has set the world record for being the oldest person to cross the English Channel. The 70 year old swimmer completed the swim between England and France in 12 hours and 45 minutes yesterday. This is his second channel swim, he had earlier crossed the channel in 1985.
GK Quiz – 21 August 2014
|7541||China’s economic growth stood at ______ in the second quarter (April-June) of the current year (announced in July 2014).|
|7542||Who was sworn in for a new seven-year term as President of Syria in Damascus in July 2014?|
|A) Maher al‑Assad|
|B) Hafez al‑Assad|
|C) Bashar al-Assad|
|D) None of These|
1. Senior Congress leader K V Thomas has been appointed as the Chairman of Parliament’s Public Accounts Committee, PAC which will hold its first meeting next week. The Committee is constituted every year consisting not more than 22 members out of which 15 members are taken from Lok Sabha and remaining ones from Rajya Sabha. It examines Comptroller and Auditor General’s reports after they are tabled in Parliament.
As per norm, the post of the PAC chairman should be held by a senior member of the opposition party. Earlier Senior BJP leader Murli Manohar Joshi was the chairman in the previous Lok Sabha when UPA was in power.
2. The Central government has issued a notification regarding CSAT exams. As per the notification, the marks obtained for questions on English language comprehension skills, asked in the second paper of the civil services (preliminary) examination, will not be included for grading.
There are two compulsory papers of 200 marks each in the civil services preliminary examination. These papers are also known as CSAT I and CSAT II. The notification, issued by the Department of Personnel and Training, makes it clear that candidates should not attempt nine questions of 22.5 marks asked in the English section of the prelims’ second paper.
3. The Government has constituted a high-level committee to recommend restructuring of Food Corporation of India (FCI) which will be headed by former Himachal Pradesh Chief Minister Shanta Kumar. The committee will submit its report to the Government within three months.
The committee will study various models of restructuring or unbundling of FCI to improve its operational efficiency and financial management as well as measures for overall improvement in management of foodgrains by FCI, among others.
4. World-famous yoga guru and founder of the Iyengar School of Yoga BKS Iyengar passed away early this morning following illness. He was 96. He was was admitted to a private hospital last week and he was put on dialysis after his condition worsened two days back.
Iyengar was considered one of the foremost yoga teachers in the world and had written many books on yoga practice and philosophy including ‘Light on Yoga’, ‘Light on Pranayama’, and ‘Light on the Yoga Sutras of Patanjali’. He was honoured with Padma Vibhushan by Indian Government.
1. Indian capital Delhi has been ranked at 111th position out of 140 world cities in the Economist Intelligence Unit’s (EIU) ‘Global Liveability Ranking’ released yesterday. This dismal ranking indicates to the lack of urban planning across India’s polluted and chaotic cities.
The ranking, which provides scores for lifestyle challenges in 140 cities worldwide, shows that since 2009 average liveability across the world has fallen by 0.7%. Karachi in Pakistan and Dhaka in Bangladesh were ranked at 135th and 139th places respectively in the same ranking.
Melbourne, Australia tops the ranking for the fourth consecutive year, while Vienna has been ranked as the top city in Europe and 2nd overall.
2. An Indian neuroscientist in the US, Partha Mitra, has been awarded Early Concept Grants for Exploratory Research (EAGER) under President Barack Obama’s multi-year Brain Initiative to map the human brain. He along with his fellow researchers at the National Science Foundation, Florin Albeanu, have been awarded with the grant.
The award provides USD 300,000 over two years for the development of innovative conceptual and physical tools to advance neuroscience. The grant will help them to develop a “virtual neuroanatomist”, an artificial-intelligence system that can identify cell types and neural structures in microscopic images of brain slices.
3. Sixteen-year-old Max Verstappen will become the youngest driver in Formula One history in 2015 season after being singed for the season. He, son of ex-F1 driver Jos Verstappen, will partner Daniil Kvyat in the Red Bull feeder team along with Frenchman Jean-Eric Vergne as surplus.
He will turn 17 next month and will beat the age record currently held by Spain’s Jaime Alguersuari, who was 19 years and 125 days when he made his debut in 1990.
GK Quiz – 20 August 2014
|7531||Global banking giant _________ has announced that it will pay USD 7 billion to settle an investigation into its sale of residential mortgage-backed securities prior to the financial crisis and global recession that started in 2008, as per the data published by the company and the US Justice Department (DOJ) in July 2014.|
|A) JP Morgan Chase|
|B) Bank of America|
|C) Barclay’s Bank|
|7532||China received ___________ foreign direct investment (FDI) in the first six months of current year 2014, (announced in July 2014).|
|A) USD 52.62 billion|
|B) USD 63.33 billion|
|C) USD 76.21 billion|
|D) USD 43.44 billion|
General, Banking, Marketing and Computer awareness questions asked in the 16th August Evening Session of SBI Clerk 2014 Exam
General, Banking, Marketing and Computer awareness questions asked in the 16th August Morning Session of SBI Clerk 2014 Exam