Current Affairs: RBI In News
RBI IN NEWS
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1.
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The Reserve Bank of India decided to grant in principle approval to the National Payments Corporation of India (NPCI) to function as the Bharat Bill Payment Central Unit (BBPCU) in Bharat Bill Payment System (BBPS).
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2.
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The Reserve Bank of India (RBI) permitted the Foreign Portfolio Investors (FPI) to buy fully or partly defaulted bonds in the repayment of principal on maturity or principal installment in the case of amortising bond.
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3.
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Reserve Bank of India (RBI) issued revised and uniform guidelines on Internet Banking for all licensed cooperative banks including Urban Cooperative Banks (UCBs), Cooperative Banks (StCBs) and Districts Co-operative Banks (DCBs). The cooperative banks have to report commencement of the service to the concerned Regional Office of RBI (and also NABARD in case of StCBs/DCCBs) within one month of operationalisation of this facility.
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4.
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The Reserve Bank of India (RBI) granted in-principle approval to three applicants to set up and operate Trade Receivables Discounting System (TReDS).
Organisations which got in-principle approval was granted are :
a) NSE Strategic Investment Corporation Limited (NSICL) and Small Industries Development Bank of India (SIDBI),Mumbai
b) Axis Bank Limited, Mumbai
c) Mynd Solutions Pvt. Ltd., Gurgaon, Haryana
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5.
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The Reserve Bank has imposed Rs 1 crore penalty on Dhanlaxmi Bank for violation of Know Your Customer (KYC) and Anti Money Laundering (AML) norms.
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6.
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The Reserve Bank of India (RBI) relaxed the norms of Foreign Portfolio Investors (FPIs) of government debt and also announced higher investment limits in rupee terms in government securities with a view to bring in an additional 1.2 lakh crore rupees by March 2018. The RBI fixed the FPI investment limits in rupee terms and raised the limits in phases to reach 5 percent of the outstanding stock by March 2018.
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7.
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The Reserve Bank of India (RBI) on 15 October 2015 formed a single Financial Inclusion Fund (FIF) with a corpus of 2000 crore rupees. The fund was formed by merging the Financial Inclusion Fund (FIF) and Financial Inclusion Technology Fund (FITF). The new FIF will be administered by the reconstituted Advisory Board constituted by Union Government and will be maintained by NABARD.
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8.
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The Reserve Bank of India (RBI) has signed a Memorandum of Understanding (MoU) with the Central Bank of United Arab Emirates (UAE) on Supervisory Cooperation and Exchange of Supervisory Information.
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9.
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The Reserve Bank of India (RBI) has allowed non-resident Indians (NRIs) to subscribe to the National Pension System (NPS) enabling them access old age income security.
Key acts -
• NPS will act as an investment option for NRIs under Foreign Exchange Management Act (FEMA), 1999.
• NRIs may subscribe to the NPS through normal banking channels and the person is eligible to invest as per the provisions of the PFRDA Act, 2013.
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10.
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The Reserve Bank of India (RBI) has granted permission to the Indian corporate to issue offshore rupee-denominated bonds outside India. Such bonds will attract a withholding tax of 5 per cent and gains arising in case of appreciation of rupee against the foreign currency.
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11.
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The Reserve Bank of India (RBI) notified that the Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 74 percent of the paid up capital of DEN Networks Limited under the Portfolio Investment Scheme (PIS).
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12.
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The Reserve Bank has signed a memorandum of understanding (MoU) with Bangladesh Bank for exchange of supervisory information.
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13.
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The Reserve Bank of India (RBI) issued a Direction to all Scheduled Commercial Banks (excluding Regional Rural Banks)on implementation of the Gold Monetisation Scheme, 2015 notified by the Union Government. The RBI issued the direction to banks in exercise of powers conferred on it under Section 35A of the Banking Regulation Act, 1949. The GMS 2015 will replace the existing Gold Deposit Scheme, 1999.
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14.
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The Reserve Bank of India (RBI) declared State Bank of India (SBI) and ICICI Bank as Domestic Systemically Important Banks (D-SIBs) in line with the D-SIB Framework.
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15.
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Reserve Bank of India (RBI) has decided to issue coins of 5 rupees denomination to commemorate golden jubilee year ofIndo-Pak War 1965. These coins will be issued under in The Coinage Act, 2011 and will be considered as legal a tender.
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16.
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In a fresh setback to the beleaguered Sahara India Pariwar, the Reserve Bank of India (RBI) has cancelled the license of its holding company Sahara India Financial Corporation Limited (SIFCL).
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17.
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Reserve Bank of India (RBI) has inked a Memorandum of Understanding (MoU) with the Nepal Rastra Bank (NRB) onSupervisory Cooperation and Exchange of Supervisory Information. The MoU was signed by RBI’s Executive Director Meena Hemchandra and Nepal Rastra Bank’s Executive Director Narayan Prasad Paudel in New Delhi.
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18.
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The Reserve Bank of India (RBI) has granted in principle approval to 10 entities to set up small finance banks to provide basic banking services to small farmers and micro industries. The in-principle approval will enable these entities comply with the guidelines on Small Finance Banks and will be valid for 18 months.
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19.
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In order to encourage overseas funding, the RBI proposed to allow domestic companies to borrow money from pension funds, sovereign wealth funds (SWFs) and insurance funds as part of the ECBs.
The draft framework on External Commercial Borrowings (ECBs), however, proposed to lower the all-in cost borrowing by 0.50 percent to ensure that the funds are borrowed from abroad at a reasonable interest rate.
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20.
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The Reserve Bank of India (RBI) announced relaxation in norms that allow banks to upgrade credit facilities extended to borrowing entities upon a change in ownership, only if the ownership has been changed outside Strategic Debt Restructuring Scheme (SDR). The Banker’s bank announced that the banks can treat loans to stressed companies that have undergone ownership changes as standard loans, provided the stress was due to operational or managerial inefficiencies.
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SYNDICATE BANK: ADMISSION TO PGD(B&F) COURSE OFFERED 2016 -2017
Syndicate bank Offers a 1 year Post Graduate Diploma in Banking and Finance course program for young and bright graduates who fulfill the eligibility criteria specified and who are interested in a Banking career. The course will be held in Manipal Global Education Services Pvt Ltd. Bangalore (MaGE) and Nitte Education International Pvt Ltd. Greater Noida (NEIPL).
On successful completion of the course within the stipulated time period, the candidate would be offered appointment in the bank as Probationary Officers in Junior Management Grade / Scale-I.
Some important dates and information:
Schedule of events
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Figures
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Start date for Online Registration
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16.12.2015
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Online Payment of Application Fees
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16.12.2015 to 31.12.2015
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Last date for Online Registration
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31.12.2015
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Download of Call letter for Examination
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After 21.01.2016
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Date of Online test(Tentative)
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07.02.2016
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Number of vacancies
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600
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Age
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20 to 28 years
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Daily wordlist
1.Discernment (N) : perception
synonyms- acumen, understanding
use-Tact is skill in touching; nice perception or discernment in dealing with others.
2. Narcissism (N) : egotism
synonyms- arrogance, selfishness
use-Narcissism is a result of stunted growth and of childhood abuse.
3. Mutiny(N): resistance
synonyms- defiance, insurrection
use-This was a clear case of mutiny, and the only one in which I was ever implicated.
4. Sabotage(N): damage
synonyms- vandalism, disruption
use-The sabotage of the Preliminary had been the first local step in that direction.
5. Protrude(V): stick out
synonyms- extrude, extend
use-She had no flesh left; her bones seemed to protrude through the skin.
6. Recede(V): withdraw
synonyms- abate, regress
use- The Cabinet will recede more and more from our principles, our party.
7. Wanton(Adj): extravagant
synonyms- lustful, outrageous
use-Between 1868 and 1872 they added ten millions by wanton extravagance to the State debt.
8. Nullify(V): cancel
synonyms- revoke, abolish
use-Fortunately, the attempt to nullify its benefits proved ineffectual.
9. Align(V): line up
synonyms- array, adjust
use-Similar instruction is given the troopers in aligning themselves to the left.
10. Grapple(V): grab
synonyms- confront, cope
use-Every blood-vessel was striving to grapple with the present.
Test of the Day
Directions (1-5): Study the following information carefully and answer the given questions. Eight friends J, K, L, M, N, O, P and Q are sitting in a circle facing the centre. K is sitting fourth to the left of J and is neighbour of P and O. O is sitting fourth to the right of N and third to the left of L. M is the immediate neighbour of Q, but not of J.
1.Who among the following is opposite M?
PL
K
N
None of these
The answer is (2)
2. What is the position of J with respect to Q?.
Third to the leftSecond to the right
Fourth to the left
Can’t be determined
None of these
The answer is (5)
3.Who among the following is sitting second to the right of K?
NL
M
O
None of these
The answer is (2)
Directions (Q. 4-6): In the following passage, some of the words have been left out, each of which is indicated by a number. Find the suitable word from the options given against each number and fill up the blanks with appropriate words to make the paragraph meaningfully complete.
Rapidly growing cities in India have increased the demand for natural resources and (4) public services, including water supply. But (5) existing infrastructure is outdated and in desperate need of repair, where, according to the World Bank, about half the water supplied for domestic consumption is lost (6) internal leakages or theft.
4.
primarybasic
useful
natural
fundamental
The answer is (2)
5.
againwhen
non-
an
the
The answer is (5)
6.
afterthrough
in
with
by
The answer is (2)
7. The difference between the present age of A and of B is 32 years. If 6 years ago their ages were in the ratio of 3 : 1, then what is the present age of B?
22 years24 years
28 years
30 years
32 years
The answer is (1)
8. An amount was distributed among A, B and C in the ratio of 7 : 11 : 16. If A received Rs. 4986 less than C, then what was the share of B?
Rs. 3878Rs. 6094
Rs. 7212
Rs. 8416
Rs. 8864
.
The answer is (2)
9. A person spent 40% of his monthly salary on house rent and 30% of the remaining amount on food. If the person is left with Rs. 3591 than what is his monthly salary??
Rs. 8250Rs. 8350
Rs. 8450
Rs. 8550
Rs. 8650
The answer is (4)
10. Which of the following is used for broadband communications?
Cable modemDSL modem
Satellite modem
All the above
None of these.
The answer is (4)
11.A specialized network device that determines the next network point to which it can forward a data packet towards the destination of the packet is commonly known as
bridgerouter
switch
hub
repeater
The answer is (2)
12. When computer is booted___________ are loaded into main memory.
utility programsword processing instructions
software instructions
internal command instructions
external command instructions
The answer is (4)
13.Who was appointed as the MD & CEO of Andhra Bank recently in November 2015?
Rakesh sharmaSuresh N patel
Ahmed javed
Sunil kanoria
Venkatraman Ramakrishnan
The answer is (2)
14. Where is the World Robot Olympiad 2015 was held?
QatarSwiterland
China
Afganistan
Ireland
The answer is (1)
15. According to the Global Gender Gap Report 2015, India stood up at which position in the report which is topped by Iceland?
102110
108
105
107
The answer is (3)
Night Class: General Awareness Quiz
Ques. : 1 Which of the following teams won 2015 Beighton Cup hockey title recently?
1) PNB
2) Punjab and Sind Bank
3) Punjab Police
4) ONGC
5) IOC
Ques. : 2 Which of the following footballers won a record fourth Golden Boot award as Europe's top scorer recently? He netted 61 times in all competitions in 2014-15.
1) Sergio Ramos
2) Neymar
3) Gareth Bale
4) Lionel Messi
5) Cristiano Ronaldo
Ques. : 3 "Mission Abaas" was launched in which state recently to provide affordable houses to urban poor?
1) Kerala
2) Odisha
3) West Bengal
4) Assam
5) Jharkhand
Ques. : 4 Which of the following pairs won women’s doubles title of 2015 China Open tennis tournament recently?
1) Chen Liang and Yafan Wang
2) Hao-Ching Chan and Yung-Jan Chan
3) Sania Mirza and Martina Hingis
4) Julia Goerges and Karolina Pliskova
5) None of these
Ques. : 5 Who won the women’s singles final of 2015 China Open tennis tournament?
1) Timea Bacsinszky
2) Venus Williams
3) Garbine Muguruza
4) Serena Williams
5) Maria Sharapova
Ques. : 6 Veteran actor Manorama, who died, recently, was associated with ________ cinema.
1) Tamil
2) Telugu
3) Kannada
4) Malayalam
5) Bengali
Ques. : 7 Who won the Man Booker prize 2015 for fiction recently for his novel “A Brief History of Seven Killings”?
1) Marlon James
2) Richard Flanagan
3) Joshua Ferris
4) Neel Mukherjee
5) Karen Joy Fowler
Ques. : 8 Which of the following cricketers became the highest run-getter in Tests for Pakistan recently?
1) Saeed Ajmal
2) Ahmed Shehzad
3) Shahid Afridi
4) Younis Khan
5) Misbah-ul-Haq
Ques. : 9 __________ is the present President of the State of Palestine and Palestinian National Authority. India offered $5-mn budgetary support to it recently.
1) Khaled Mashal
2) Ismail Haniyeh
3) Rami Hamdallah
4) Mohammed Dahlan
5) Mahmoud Abbas
Ques. : 10 What is India’s ranking on the World Economic Forum (WEF)’s Global Competitiveness Index of world’s most competitive economies for the year 2015-16?
1) 91st
2) 81st
3) 71st
4) 60th
5) 55th
Answers:
1. 1)
2. 5)
3. 2)
4. 3)
5. 3)
6. 1)
7. 1)
8. 4)
9. 5)
10. 5)
1. 1)
2. 5)
3. 2)
4. 3)
5. 3)
6. 1)
7. 1)
8. 4)
9. 5)
10. 5)
Night Class: English Quiz
Directions (Q. 1-5): Read each sentence to find out whether there is any error in it. The error, if any, will be in one part of the sentence. The number of that part is the answer. If there is no error, the answer is 5). (Ignore the errors of punctuation, if any.)
1. 1) If we are indeed a democracy /2) then politicians would do well /3) to remember that tolerance and free speech /4) is the hallmark of democracy. /5) No error
2. 1) These efforts will help bring /2) the people of the two countries /3) closer together paving the way /4) for greater people-to-people contact. /5) No error
3. 1) Not only commerce undergraduates /2) though engineers and science graduates /3) also seem to be eager /4) to flow with the management stream. /5) No error
4. 1) If India was to become a developed country /2) this sectional imbalance has /3) to be corrected which is /4) possible by improving the quality of education. /5) No error
5. 1) There are ways and measures /2) to be followed if we /3) really mean to enhancing agricultural /4) growth in the years to come. /5) No error
Directions (Q. 6-10): In the following passage there are blanks, each of which has been numbered. These numbers are printed below the passage and against each five words are suggested, one of which fits the blank appropriately. Find out the appropriate words.
At the core of the privatisation debate is the key ...(6)... of labour ...(7).... One of the long-standing demands of industry, both Indian and foreign, has been to ...(8)... labour laws as ...(9)... under the Industrial Disputes Act. These laws do not allow industry to reward merit and punish non-performers. Also, in the ...(10)... of an economic slowdown or shifting market preferences, they do not permit a downsizing of the work force. Ideally, industry should be free to contract or expand with changing technology, competition and obsolescence.
6.
1) role
2) emergence
3) reality
4) task
5) issue
7.
1) reforms
2) agenda
3) concerning
4) manpower
5) stigma
8.
1) hold
2) freeze
3) refrain
4) relax
5) challenge
9.
1) defined
2) sentenced
3) generated
4) initiated
5) subjected
10.
1) resurgence
2) event
3) advent
4) aftermath
5) miracle
Answers:
1. 4; Replace ‘is’ with ‘are’.
2. 5
3. 2; Replace ‘though’ with ‘but’.
4. 1; It should be ‘were’ in place of ‘was’.
5. 3; It should be ‘enhance’ in place of ‘enhancing’.
6. 5
7. 1
8. 4
9. 1
10. 2
Night Class: Reasoning Quiz
Directions (Q. 1-5) : Study the following information and answer the following questions :
M, N, O, P, Q, R, S and T are eight friends who went to polling station to franchise their votes. There were different parties’ names in the EVM namely BJP, AAP, Congress, JDU, BJD, SP and BSP not necessarily in the same order. All the parties had different symbols namely Lotus, Glass, Cup, Broom, Cycle, Brinjal and Elephant, but not necessarily in the same order. Each person voted for their favourite party. There was one more symbol in the name of NOTA.
- M voted on symbol cycle.
- AAP symbol is Cup.
- T voted for JDU.
- Q voted on Lotus.
- Glass is the symbol of Congress.
- N did not vote for any party.
- Brinjal is the symbol of BSP.
- S voted for BSP.
- O voted for the party whose symbol is cup.
- M and P did not vote for BJD and whose party symbol is Broom.
- P’s favourite party is SP.
1) Cycle
2) Cup
3) Brinjal
4) Glass
5) None of these
2. Q voted for which party?
1) BJP
2) AAP
3) BJD
4) SP
5) None of these
3. Which of the following combinations is definitely correct?
1) M – SP – Cycle
2) S – BSP– Elephant
3) O – AAP– Broom
4) Q – BJD – Lotus
5) N – BJP– Lotus
4. Which candidate voted for NOTA?
1) M
2) T
3) R
4) Q
5) N
5. Which of the following combinations is true according to the party symbols?
1) BJP – Cycle
2) JDU – Broom
3) AAP – Cup
4) BSP – Brinjal
5) All of these
Directions (Q. 6-10): Each of the questions below consists of a question and two statements numbered I and II given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Read both the statements and give answer:
1) if the data in statement I alone are sufficient to answer the question, while the data in statement II alone are not sufficient to answer the question.
2) if the data in statement II alone are sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question.
3) if the data either in statement I alone or in statement II alone are sufficient to answer the question.
4) if the data given in both the statements I and II together are not sufficient to answer the question; and
5) if the data in both the statements I and II together are necessary to answer the question.
6. On which day in April is Gautam’s birthday?
I. Gautam was born exactly 28 years after his mother was born.
II. His mother will be 55 years 4 months and 5 days on August 18 this year.
7. What is the code for ‘is’ in the code language?
I. In the code language, ‘shi tu ke’ means ‘pen is blue’.
II. In the same code language, ‘ke si re’ means ‘this is wonderful’.
8. Among A, B, C, D and E, who is in the middle while standing in a row?
I. C, who is third to the left of D, is to the immediate right of A and second to the left of E.
II. C is second to the left of E, who is not at any of the ends and who is third to the right of A. D is at one of the ends.
9. Among A, B, C, D, E and F, who is the heaviest?
I. A and D are heavier than B, E and F but none of them is the heaviest.
II. A is heavier than D but lighter than C.
10. How many girls are taller than Shravan in his class ?
I. When students of Shravan’s class are ranked in descending order of their heights, Shravan’s rank is 17th from the top among all the students and 12th among boys.
II. Shravan’s rank from the bottom on the basis of height among boys is 18th and among all students, 29th.
Answers:
1-5
Name Party Symbol
M BJP Cycle
P SP Elephant
O AAP Cup
Q BJD Lotus
T JDU Broom
R Congress Glass
S BSP Brinjal
N — NOTA
1. 1
2. 3
3. 4
4. 5
5. 5
6. 5
7. 5
8. 3
9. 1
10. 1
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