Saturday, 22 December 2012

Current affairs Questions for competitive preparation

Here some Current affairs Question for Preparation of all competitive Exam
 
1. Firms under perfectly competitive markets generally are    a) Price makers    b) Price givers
    c) Price takers
    d) Price fixers

2.  Select the odd one in the following:    a) Petroleum
    b) Coal
    c) Fuel wood    d) Electricity

Monday, 17 December 2012

PNB to Pick 30% in MetLife India



PNB to Pick 30% in MetLife India

v  Punjab National Bank has agreed to pick up a 30% stake in MetLife India which will make it the single largest shareholder in the private insurance company. The two parties have agreed that once the deal is finalized the company will be renamed PNB MetLife India.
v  MetLife India has a paid-up capital of Rs 1997 crore. The life insurer will fresh shares to PNB which will increase the company's capital to Rs 2596 crore. PNB's entry will dilute equity of all existing shareholders which include M Pallonji and Co, Jammu & Kashmir Bank and IGE-a Pune-based company-besides a clutch of private equity investors. The existing Indian shareholder stake will be diluted further as within 120 days of the deal with PNB, MetLife proposes to buy shares which will bring back its stake to 26%.



For IBPS 2012 Exam preparation


               10 Importent Question for IBPS Exam  


Q.1         Ranjan Mathai has been recently appointed as India's new foreign secretary, succeeding Nirupama Rao. Mathai was serving as _______ before that posting
1)  Ambassador to France
2)  Finance Secretary
3)  Ambassador to USA
4)  India's Permanent representative to United Nations
5)  None of the above

Q.2         Kapil Sibbal, Minister of Communications & Information Technology and Human Resource Development recently conferred the Meghdoot Awards to the employees of a government department. Employees of which department are conferred Meghdoot Awards every year?
1)  Department of Agriculture
2)  Postal Department
3)  All India Radio
4)  Prasar Bharti
5)  None of the above
Q.3         Economic Reconstruction Agency projects are being run by J&K government for infrastructure expansion in the capital cities of Jammu and Srinagar and other key towns in the state. which of  the following organization is providing fund for ERA projects?
1)      World Bank
2)      International Monetary Fund
3)      Asian Development Bank
4)      Organization for Economic Cooperation and Development
5)      None of above
Q.4         Which among the following companies has received the prestigious Golden peacock Environment Management Award for the year 2011 ?
1)      BHEL
2)      ONGC
3)      NTPC
4)      HPCL
5)      SAIL
Q.5         Basant Nayak, who passed away recently, was a filmkaker of which among the following film industry?
             1)      Tamil
             2)      Telugu
             3)      Oriya
             4)      Bhojpuri
             5)      None of these
Q.6         the ICC Executive Board has declared that 14 team will be eligible for the 2015 world cup, to be held in Australia and New Zealand. What Number has been Decided for 2019 World cup ?
              1)      8
              2)      12
              3)      14
              4)      16
              5)      10
Q.7         In order to effectively deal with funding of terrorist activities, the federal government is putting in place an elite unit in the home ministry to combat the menace, which has a bearing on national security. This unit will function under the ministry of home affairs, but will be headed by an officer of the
              1)      Indian Police Services
              2)      Indian Army
              3)      Indian Revenue Services
              4)      Indian Administrative Services
              5)      None of the above
Q.8         A resolution for reviving the Legislative Council in west Bengal was moved in the state Assembly by Chief Minister Manata Banerjee recently. At present how may States have Legislative Council in the country ?
              1)      5
              2)      6
              3)      11
              4)      13
              5)      8
Q.9         The 17th SAARC Summit will be held in the Republic of Maldives form Nov 10-11, 2011. what will be the theme of this summit ?
              1)      Investing for Future
              2)      Building Cross-Border confidence
              3)      Respect for Elders and Love for Children
              4)      Building Bridges for Peace, Friendship And Security
              5)      None of the above
Q.10       The 25 paise coin, popularly known as chavanni died an Official death on June 30, 2011. With the end of the era for 25 paise coins, the 50 paise shall now be the lowest denomination coin in public circulation. 25 paise came into existence in :
              1)      1948
              2)      1949
              3)      1953
              4)      1955
              5)      1950





World Affairs : First US Cargoship to Cuba in 50 Years



First US Cargoship  to Cuba in 50 Years

Cargoship, Ana Cecilia, carrying humanitarian aid from US to Cuba, in the first expedition of its kind in 50 years, arrived in on July 13, 2012. It will be a weekly shipment sailing some 16 hours from Miami to Havana. 




Monday, 10 December 2012

World Affairs : Elections in Libya



Elections in Libya

Elections for General National Congress are held in Libya on July 7, 2012 which have been postponed form June 19, 2012. The election has marked the end of the interim National Transitional Council which has been running Libya since Gaddafi was killed in 2011 and is also a major step for the country emerging from Gaddafi's one man rule.
·         Election commission of Libya on July 17, 2012 has released the results of seventh polls, maximum seats won by national forces Alliance led by US-trained economist Mahmoud Jibril. Justice and Construction Party has won 17 seats and come second.
·         The General National congress is composed of 200 members of which 80 have been elected through a party list system and 120 have been elected as independent in single member districts.
This 200 seat National Congress will form new government within 30 days of its first meeting to replace NTC's Cabinet.



General Knowledge for IBPS : RBI Repo Rate 8 per cent



RBI hikes Repo Rate from 7.5 per cent to 8 per cent

v  The Reserve Bank of India in a bid to tame inflationary pressure, hiked the short-term indicative policy rate by 50 basis points from 7.5 per cent to 8 per cent on July 26. The RBI Governor D. Subbarao also announced the first quarter review of Monetary Policy for 2011-12
v  The first quarter review of Monetary Policy for 2011-12 revealed that headline wholesale price index inflation rate for the first quarter of 2011-12 remained stubbornly close to double digits and inflationary pressures continued to be broad-based.
v  The decision to raise the rate by 50 basis points, beating the market expectation of 25 basis points was taken to drive home the fact that in the absence of complementary policy responses on demand and supply sides, stronger monetary policy actions are required.
v  With the hike in repo rate the reverse repo rate settled at 7 percent. Similarly, the Marginal Standing Facility rate stood recalibrated at 9 percent.
v  The hike by the central bank in rates is expected to put further pressure on consumers as lending rates of banks will be higher.
v  The RBI also revised the WPI inflation projection for March 2012 from 6 percent to 7 percent. However, the central bank retained the projection of real GDP growth for the current year at 8 per cent. RBI pointed out that crude oil prices that remained volatile were a major risk factor.



General knowledge for IBPS Exam : Coal India Overtakes Reliance Industries



Coal India Overtakes Reliance Industries as Most Valuable Company

v  State-run Coal India on Aug 17 toppled billionaire Mukesh Ambani-led Reliance Industries as the Country's most valued company, with a slightly higher market valuation around mid-day.
v  At around 1200 hours on the National Stock Exchange, Coal India Ltd commanded a market cap of Rs 250759.67 crore, with an over 2 per cent rise in its share price. At that time, RIL had a market cap of Rs 250580.21 crore on the NSE.
v  A few minutes later, CIL's market valuation exceeded that of RIL on the BSE as well.
v  CIL has been closing the gap on RIL in terms of market valuation over the past few days and on August 9, the gap slipped below 1 per cent.
v  way back in 2006, RIL had toppled ONGC to emerge as the country's most valued firm and has managed to stay on the top since then.