IBPS PO Important Questions On ASIAN Games 2014

1) 17th Asian Games (XVII Asiad 2014) was hosted at which city of South Korea? – Incheon (Incheon is the third largest city of South Korea after Seoul and Busan. It neighbours capital Seoul)
……………………………………………………………………………
2) 17th Asian Games at Incheon were officially held between which dates? – 19 September to 4 October 2014 (However, some events like football started from 14 September itself)
……………………………………………………………………………
3) With the conclusion of these games, South Korea has now hosted the Asian Games for how many times? – Three times (Seoul (1986), Busan (2002) and now Incheon (2014))
……………………………………………………………………………
4) How many countries took part in 17th Asian Games? – 45
……………………………………………………………………………
5) How many sporting events were held at 17th Asian Games? – 36 (439 different events in 36 sports were held in these games)
……………………………………………………………………………

6) Approximately how many athletes took part in 17th Asian Games? – 9,500
……………………………………………………………………………
7) The sporting events of 17th Asian Games were held in how many venues? – 49 (This included venues in host city Incheon and some neighbouring cities like Seoul and Chungju)
……………………………………………………………………………
8) What was the motto of 17th Asian Games? – Diversity Shines Here
……………………………………………………………………………
9) What were the names of the three official mascots of 17th Asian Games? – Chumuro, Vichuon and Barame
……………………………………………………………………………
10) Chumuro, Vichuon and Barame, the three mascots of 17th Asian Games represented which animal? – The spotted seal
……………………………………………………………………………
11) Which country would host the 18th Asian Games of 2018? – Indonesia (These games would be hosted in three cities of the country – capital Jakarta, Bandung and Palembang
……………………………………………………………………………
12) Which country was to host the 18th Asian Games originally? – Vietnam (Originally Vietnamese capital Hanoi was to host these games but it withdrew due to financial constraints. Then the hosting was transferred to Indonesia)
……………………………………………………………………………
13) Which country topped the medals tally at 17th Asian Games? – China
……………………………………………………………………………
14) The top 5 countries (in medals tally) at 17th Asian Games are – China, South Korea, Japan, Kazakhstan and Iran )
……………………………………………………………………………
15) How many overall medals were won by China in these games? – 342 (This included 151 gold medals, 108 silver medals and 83 bronze)
……………………………………………………………………………
16) By topping in these games, China has now topped the Asian Games medals tally consecutively for how many times? – Nine
……………………………………………………………………………
17) How was named as the Most Valuable Player (MVP) of 17th Asian Games? – Kosuke Hagino, the swimmer from Japan (He won medals in all the seven events he took part and thus won 4 gold medals, 1 silver medal and 2 bronze medals)
……………………………………………………………………………
18) How many cases of doping were reported from 17th Asian Games? – Six (These four cases involved Tajikistan footballer Khurshed Beknazarov, Cambodian soft tennis player Yi Sophany, the Malaysian Wushu gold medallist Tai Cheau Xuen, Iraqi weightlifter Mohammed al Aifuri, Syrian karate fighter Nour-Aldin al-Kurdi and Chinese athlete Zhang Wenxiu. Tai Cheau and Zhang Wenxiu were stripped of their gold medals while ban were imposed on other players)
……………………………………………………………………………
19) Who was the chef de mission (Head) of the Indian contingent at 17th Asian Games? – Adille Sumariwalla
……………………………………………………………………………
20) Who held the Indian tricolour in the opening ceremony of 17th Asian Games? – Sardar Singh (Captain of India Hockey team)
……………………………………………………………………………
21) What was India’s position in 17th Asian Games? – 8th (India finished with 57 medals overall, including 11 gold medal, 10 silver and 36 bronze medals)
……………………………………………………………………………
22) Which country won the first medal at 17th Asian Games? – China (It won games’ first gold medal through 4 women shooters in women’s 10m Air Pistol team event on 20 September 2014)
……………………………………………………………………………
23) Who won the first medal for India at 17th Asian Games? – Shooter Shweta Chaudhary (She won the bronze medal in the women’s 10m air pistol on 20 September 2014. This was India’s first medal in these games)
……………………………………………………………………………
24) Who won the first gold medal for India at 17th Asian Games? – Jitu Rai (Shooter Jitu Rai won the gold medal in the men’s 50m Pistol event held on 20 September 2014. This was India’s first gold medal in these games)
……………………………………………………………………………
25) Who won the first silver medal for India at the 17th Asian Games? – Saurav Ghosal (in men’s squash singles)
……………………………………………………………………………
26) What was the important feature of India’s gold medal wins in these games? – No single sports dominated this time (India won gold medals in Athletics, Kabaddi, shooting, squash, archery, wrestling, tennis, boxing and hockey. Thus 11 gold medals were derived from as many as 9 sports)
……………………………………………………………………………
27) Indian contingent won the largest number of 2 gold medals in which two sports? – Kabaddi and Athletics (2 gold medals respectively in men’s and women’s category in Kabaddi and one gold in women’s discus throw and women’s 4X400m relay)
……………………………………………………………………………
28) What is the name of the Indian boxer who came to limelight due to the controversy of not accepting her medal after controversial decision in her bout? – Laishram Sarita Devi (This boxer from Manipur lost a highly controversial 60 kg semi-final bout against eventual silver medalist South Korean boxer Park Jina. She later refused to accept her bronze medal in the medal ceremony. But she later accepted the medal after pressure from the AIBA and an apparent displeasure of Indian authorities.

IBPS PO INDIAN BANKING STRUCTURE

Indian Banking Structure

a) Central Bank (RBI)
b) Specialized Banks
c) Commercial Banks
d) Development Banks
e) Co-operative Banks

Central Bank:

As its name signifies, a bank which manages and regulates the banking system of a particular country. It provides guidance to other banks whenever they face any problem (that is why the Central Bank is also known as a banker’s bank) and maintains the deposit accounts of all other
banks. Central Banks of different countries: Reserve Bank of India (INDIA), Federal Reserve System (USA), Swiss National Bank (SWITZERLAND), Reserve Bank of Australia (AUSTRALIA),
State Bank of Pakistan (PAKISTAN).

Specialized Banks:

Those banks which are meant for special purposes. For examples: NABARD, EXIM bank, SIDBI,
IDBI.
NABARD: National Bank for Agriculture and Rural Development. This bank is meant for financing the agriculture as well as rural sector. It actually promotes research in agriculture and
rural development.

EXIM Bank: Export Import Bank of India. This bank gives loans to exporters and importers and

also provides valuable information about the international market. If you want to set up a
business for exporting products abroad or importing products from foreign countries for sale in
our country, EXIM bank can provide you the required support and assistance.

SIDBI: Small Industries Development Bank of India. This bank provides loans to set up the small scale business unit / industry. SIDBI also finances, promotes and develops small-scale industries

whereas IDBI (Industrial Development Bank of India) gives loans to big industries.

Commercial Banks:

Normal banks are known as commercial banks, their main function is to accept deposits from
the customer and on the basis of that they grant loans. (Loans could be short-term, medium term
and long-term loans.) Commercial banks are further classified into three types.
(a) Public sector Banks
(b) Private sector Banks
(c) Foreign Banks
(a) Public Sector Banks (PSB): Government banks are known as PSBs since the majority of their
stakes are held by the Government of India. (For example: Allahabad Bank, Andhra Bank, Bank
of Baroda, Bank of India, Bank of Maharastra, Canara Bank, Central Bank of India etc).

(b) Private Sector Banks: In these banks, the majority of stakes are held by the individual or

group of persons. (For example: Bank of Punjab, Bank of Rajasthan, ICICI Bank, Axis Bank etc).

(c) Foreign Banks: These banks have their headquarters in a foreign country but they operate

their branches in India. For e.g. HSBC, Standard Chartered Bank, ABN Amro Bank etc.

Development Banks:

Such banks are specially meant for giving loans to the business sector for the purchase of latest
machinery and equipment’s. Examples: SFCs (State Financial Corporation of India) and IFCI
(Industrial Finance Corporation of India).

Co-operative Banks:

These banks are nothing but an association of members who group together for self-help and
mutual-help. Their way of working is the same as of commercial banks. But they are quite
different. Co operative Banks in India are registered under the Co-operative Societies Act, 1965.
and regulated by the RBI.

October 3 Complete Reference To Current Affairs

  1. Indian-American engineer a Stanford University Who recently won US Medal of Science is? –Thomas Kailath.
  2. What is the Full Form of IOSCO recently in news? —International Organization of Securities Commission.
  3. Indra Gandhi Thermal Power Station is located in which city.? –Haryana.
  4. Recenlty Dr. Ruhakana Rugunda termed as new Prime Minister of which Country.? —Uganda.
  5. Veteran Industrialist, chairman of Coimbatore based Sakhti Group has passed away.? —N. Mahalingam.
  6. Renctly a term ART Bill 2014 is in news. What is the full form of ART.? –Assisted Reproductive Technollogies.

Some Important Questions On Banking For IBPS PO Aspirants Set 1

1.  On the recommendation of which committee was NABARD established?

(a)    Shivraman    (b) Rangarajan
(c)    Malegam      (d) Vijay Kelkar

2.  ‘Swabhiman’, the financial inclusion scheme, comes under the purview of which ministry?
(a) Ministry of Commerce  (b) Ministry of Home Affairs
(c) Ministry of Finance      (d) Ministry of External Affairs

3.  RBI was established on ___________.
(a) April 1, 1925     (b) April 1, 1935
(c) April 1, 1945     (d) April 1, 1955    

4.  The one-rupee note bears the signature of____________.
(a) RBI Governor           (b) Deputy Governor
(c) Finance Secretary     (d) Finance Minister

5.  Which among the following does the RBI not decide?
(a) CAR     (b) CRR    (c) Base Rate     (d) Bank Rate 

6.  What does ‘T’ in RTGS stand for?
(a) Transaction    (b) Transfer    (c) Tax    (d) Time

7.  In banking, IFSC code stands for_________________.
(a) International Format System Code 
(b) Indian Function System Code
(c) International Forex System Code
(d) Indian Financial System Code

8.  If a customer does not get a satisfactory response to his grievance from the bank within _____ days, then he can approach the Banking Ombudsman.
(a) 60    (b) 90    (c) 30    (d) 15  

9.  Which of the following organizations is the Mutual Fund Market regulator?
(a) AMFI     (b) SEBI    (c) CIBIL    (d) CRISIL 

10.   Which of the following statements is incorrect regarding RTGS system?
(a) The transactions take place in real time
(b) The system operates on DNS (Deferred Net Settlement) basis
(c) The minimum amount that can be remitted is Rs. 2 lakh
(d) Service charges for RTGS transactions vary from one bank to another

11. Banks have recently launched a service through which money can be transferred using mobile phones. This service is known as
(a) MMTF (Mobile Money Transfer Facility)
(b) MTMT (Mobile To Mobile Transfer)
(c) IMPS (Inter Bank Mobile Payment Service)
(d) IBMPS (Internet Banking Mobile Payment Service)

12. Which among the following is at times mentioned as a kind of Direct Debit Facility?
(a) ECS    (b) RTGS    (c) IMPS    (d) UTR   

13. The discounting rate at which RBI borrows government securities from commercial banks is known as
(a) Repo Rate        (b) Reverse Repo
(c) Deposit Rate     (d) Base Rate         

14. Which among the following is an instrument of monetary policy used by the RBI?
(a) Base Rate    (b) PLR    (c) CRR    (d) BPLR

15.  Which among the following statements is incorrect in the context of IMPS?
(a) It’s a mobile-to-mobile fund transfer facility
(b) For this facility we need a GPS-enabled mobile phone
(c) Both the sender and the receiver must have an account in the same bank
(d) Both the customers must have an MMID (Mobile Money Identifier Number) number

16. ________is the organization that maintains the borrower’s history in India.
(a) CRISIL    (b) CIBIL    (c) CARE    (d) RBI 

17.  RBI has directed commercial banks to resolve ATM transaction-related complaints within seven working days. If a commercial bank is unable to do so then it has to pay Rs.________per day as compensation.
(a) 50     (b) 100     (c) 200     (d) 225 

18. RTGS as well as NEFT uses
(a) UTR Number    (b) MICR    (c) IFSC    (d) DNS

19. Which of the following statement is incorrect about SEBI?
(a) SEBI is a capital market regulator
(b) SEBI is the mutual fund regulator
(c) SEBI also regulates the credit rating agencies in India
(d) None of them is wrong

20. What does liquidity mean?
(a) It means how cash is converted into gold
(b) It means how cheaply and quickly an asset is converted into cash
(c) It means how cash is converted into SDR (Special Drawing Rights)
(d) It means how uncertain the money market conditions are


Answer

1. (a) NABARD (National Bank for Agriculture and Rural Development) was established in 1982 on the recommendation of Shivraman Committee.
2. (c) Ministry of Finance.
3. (b) RBI was established on 1st of April 1935.
4. (c) Finance secretary.
5. (c) Base rate is decided by commercial banks, not the RBI.
6. (d) RTGS-Real Time Gross Settlement system is a funds transfer systems where transfer of money or securities takes place from one bank to another on a “real time”. (Real time means within fraction of seconds.)
7. (d) Indian Financial System Code.
8. (c) 30 days.
9. (b) SEBI is also known as Capital regulator or Mutual funds regulator or Market regulator. SEBI is also created investors protection fund and SEBI is the only organization which regulate the credit rating agencies in India such as CRISIL and CIBIL.
10. (b) NEFT-National Electronic Fund Transfer. This is a method used for transferring funds across banks in a secure manner. It usually takes 1-2 working days for the transfer to happen. NEFT is an electronic fund transfer system that operates on a Deferred Net Settlement (DNS) basis which settles transactions in batches. RTGS does not works on DNS.
11. (c) IMPS-Interbank Mobile Payment Service is an instant interbank electronic fund transfer service through mobile phones. Both the customers must have MMID (Mobile Money Identifier Number). 
12. (a) ECS: Electronic Clearing Service.
13. (a) Also called Repurchase Rate, the rate at which the RBI lends money to the banks or in other words we can say that Repo rate is the discounting rate at which central bank borrows government securities from commercial bank. Repo means repurchase agreement between RBI & commercial bank.
14. (c) CRR (Cash Reserve Ratio)
15. (b) We don’t need any GPS enabled cell phone for IMPS.
16. (b) CIBIL: Credit Information Bureau of India Limited. CIBIL is India’s first credit information bureau. Whenever a person apply for new Loans or Credit Card to a Financial Institution, they generate the CIBIL report of the said person or concern to judge the credit worthiness of the person and also to verify existing track record. CIBIL actually maintains the borrower’s history.
17. (b) Rs 100 per day.
18. (c) IFSC: Indian Financial System Code.
19. (d) None of them is wrong.
20. (b) It refers to how quickly and cheaply an asset can be converted into cash. Money (in the form of cash) is the most liquid asset.

IBPS PO Important General Awareness Questions Of 29 September 2014

  1. India’s to external debt stood at —– at he end of June- $450.1 B.
  2. Economy growth target by RBI is—– % for this financial year.- 5.5%.
  3. Prime Minister Narendra Modi inaugurated —— Food Park in Karnatka. – Tumkur.
  4. World Heart Day theme is. — Heart Choices not Hard Choices.
  5. Kandla Export Processing Zone established in.—-1965.
  6. Which is the first EPZ of Asia that is established in India– Kandla EPZ.
  7. Who won the Under-10 Youth Chess championship recently- Divya Deshmukh.of India.
  8. Which country has recently launched the 3-day Special Anti-Polio campaign.? —Pakistan
  9. Which bank celebrated its 80th Foundation Day recently.?- Bank of Maharastra.
  10. Who is the current chief of Border Security Forces? – D.K. Pathak.
  11. Bhartiya Mahila Bank recently opened itss Silver Branch recently in which city?— Kanpur.
  12. Seema Punia bagged Gold medal recently by defeating China’s player? Xia Oxin lu
  13. Who is the current Commerce Secretary?- Rajeev kher
  14. Union Textile minister announced a Handicraft Mega Cluster worth Rs. 200 crore in which city of India? –Varanasi
  15. Round Squre International Conference 2014 recently held in which city? Bhopal.
  16. Who has received the Indra Gandhi Rajbhasa Award recently? –Rajeecv Ranjan Prasad of NHDC.
  17. Which security force officers and jawans have contributed their one day salary for PM Relief Fund for Jammu & Kashmir? –Shastra Seema Bal.
  18. Alibaba, got approval to open a private bank in which country recently? –China.
  19. Which team won the Golf’s Ryder Cup held recently?- European Team.
  20. Which country became the first to give written support for Prime Minister’s International Yoga Day? –Srilanka.