A Quick Look on Financial Awareness - I

By Avik Sarkar|Updated : April 19th, 2016

Hello Readers,

Here we are providing you recent updates on  Financial Awareness. It will be very useful for SBI Clerk and other Banking Exams.  

1. RBI cancels registration of 22 NBFCs

  • Reserve Bank of India (RBI) has cancelled registration of 22 non-banking finance companies (NBFCs) including Amazon Capital and Mascot Commerce.

2. Swavalamban subscribers can switch to APY: PFRDA

  • Subscribers of micro-pension scheme ‘Swavalamban’, which closes on March 31, can switch to the ‘Atal Pension Yojana’ (APY) and retain the government’s co-contribution.
  • Under the scheme, the government contributes Rs 1,000 per year to each NPS account for the first four years.

3. Boost for e-commerce as Centre permits 100 per cent FDI in online market places

  • The government permitted 100% foreign direct investment (FDI) under the automatic route for retail trading, or B2C (business-to-consumer) transactions, in the marketplace model of e-commerce.

4. Gujarat to set up country's first organic farming university

  • In 2016-17 state annual budget; state government has allocated a fund of 10 crore rupees towards the university.  It also took steps like setting up of a cell to implement its new organic farming policy. 

5. ADB, USAID to assist developing Solar parks in India

  • The US Agency for International Development (USAID) and Asian Development Banktoday signed a pact for providing Rs 5,681 crore (USD 848 million) to develop solar parks across India, as part of clean energy infrastructure in the country.

6. ONGC to invest $5 billion to develop KG basin deepwater block

  • The ONGC board has approved a $ 5.076-billion field development plan for a portion of its deepwater oil and gas block in the Krishna-Godavari basin on the east coast.

7. Indian-American appointed as President, CEO of Bank of the West

  • Indian-American Nandita Bakshi has been appointed the President and Chief Executive Officer (CEO) of Bank of the West, a subsidiary unit of French banking giant BNP Paribas.

8. Jeff Bezos top Fortune’s Greatest Leaders List

9. India’s forex reserves reach all time high

  • India’s forex reserves jumped by $2.5 billion to reach a record high at $355.9 billion for the week that ended on March 18, the Reserve Bank of India said on Friday in its weekly statistical report.
  • The previous high stood at $355.4 billion reported on June 27 of last year 

10. New BRICS-supported bank approves first loans

  • A new multilateral lender set up by the BRICS nations has approved its first set of loans valued at 811 million US dollars for renewable energy projects in four of its member countries.
  • According to a statement, the first group of projects approved by the bank’s board are in the area of green and renewable energy.

11. Centre to increase monthly minimum wages to 10,000 rupees for contract labourers

  • Union Labour Minister Bandaru Dattatreya has said that the government has decided to bring out an executive order to increase minimum wages to 10,000 rupees per month for contract labourers across the country.

12. Jharkhand Government launches Bhimrao Ambedkar Awas Yojana for widows

  • It was launched by Chief Minister Raghubar Das on the occasion of 125th birth anniversary of Dr. B R Ambedkar.
  • The scheme (Yojana) aims at building 11000 units (houses) for widows in 2016-17 financial year with the budgetary allocation of 80 crore rupees.
  • Under it, beneficiaries would get an amount of 75000 rupees to build a house in hilly terrains districts and 70000 rupees in plains area.

13. India offers to invest $20 billion in oil and other projects in Iran

  •  India has offered to invest up to $20 billion in oil, petrochemicals and fertiliser projects in joint ventures with Iran if Tehran provides land and cheap gas, even as there is no sign yet of an agreement on the long-pending rights to develop Farzad-B gas field in the Persian Gulf discovered by staterun ONGC Videsh.

 14. India to get $250m for renewables from New Development Bank

The New Development Bank, the latest multilateral funding institution in the financial world, has sanctioned a $250 million loan for India to fund its ambitious scheme on new and renewable energy.

15. RBI gave in-principle approval to Airtel payments bank

  • Reserve Bank of India (RBI) has granted the first payments bank license to Airtel M Commerce Services (AMSL) which is a subsidiary of Bharti Airtel.
  • All companies, which received in-principle approval from RBI in August, will have to make their banks operational by March 2017.

16. India world’s largest remittance recipient in 2015: World Bank

  • In its annual report Migration and Development Brief, World Bank said, India retained its top spot in 2015, attracting about 69 billion US dollars in remittances, down from 70 billion in 2014.

17. Interest rates for NSSF loan to Centre, states cut to 8.8%

  • The government has slashed interest rates on loans from the National Small Savings Fund (NSSF) to 8.8 per cent from 9.5 per cent for FY17.
  • All the funds collected from small savings such as National Small Savings Certificate,Kisan Vikas Patra (KVP), Public Provident Fund (PPF) and Senior Citizens’ Savings Scheme (SCSS) is deposited in the NSSF.

18. Nauru becomes 189th member of IMF, World Bank

The Republic of Nauru, a tiny South Pacific island nation in Pacific Ocean became the 189th member of the International Monetary Fund (IMF) and World Bank.

19. Vijay Shekhar Sharma appointed chairman of IAMAI payments banks group

  •  Industry body Internet and Mobile Association of India, has appointed Paytm founder Vijay Shekhar Sharma, chairman of its the newly formed payments banks group.
  • Vodafone India business head(M-Pesa)Suresh Sethi, will be the vice-chairman of the group.

20. India may expand by 7.7% in fiscal year 2017: Fitch

  • Fitch Ratings expects India to be on the top of the global growth ladder and expanding by 7.7 per cent in the current fiscal.
  • Growth is expected to gradually accelerate to 7.7 per cent in FY17 and 7.9 per cent in FY18,” Fitch Ratings said in its India-Global Economic Outlook (GEO) Forecast.

21. India to notch up to 7.5 pc growth in 2016–17: IMF

  • MF in its latest, World Economic Outlook report said, India’s growth is projected to notch up to 7.5 per cent in 2016-17, overtaking China’s GDP by more than 1 per cent.

22. Postal department to launch payments bank by January 

  • The Department of Post will launch its payments bank by January next year and top management of the new-age venture would be in-place by July.

23. India, Germany sign pact on Ganga Rejuvenation

  • The project duration is three years from 2016 to 2018 and the German contribution in the project will be to the tune of 22.5 crore rupees. 

24. Central govt employees get 6 per cent DA hike from Jan 1

  • Dearness allowance (DA) for central government employees has been hiked to 125 %of basic pay, up by 6 percentage points, with effect from January 1, 2016.
  • The Centre revises DA twice a year on the basis of one year average of retail inflation for industrial workers as per a pre-determined formula.

25. Nita Ambani most powerful businesswoman in Asia: Forbes

  • SBI Chairman and Managing Director Arundhati Bhattacharya has been rankedsecond.

26. RBI cuts repo rate by 25 basis points to 6.5%; Keeps CRR unchanged

  • The Reserve Bank of India (RBI) has cut down key interest rates repo rate by 25 basispoints to 6.50 per cent from 6.75 per cent in its first bi-monthly monetary policyreview for the 2016-17 fiscal.

27. DCB Bank launches India’s first Aadhaar-based ATM

  • DCB Bank has launched, India’s first of its kind Aadhaar-based Automatic Teller Machine (ATM) in Mumbai. It is a card less and PIN less ATM,customers can transact using hisbiometric details instead of the PIN.

28. Modi launches ‘Stand Up India’ scheme 

  • The scheme is intended to promote entrepreneurship among Scheduled Castes,Schedule Tribes and women will involve loans ranging from Rs. 10 lakh to Rs. 1 crore.

29. India ranks 6th in 2015 top-10 manufacturers list: UNIDO report

  • India has been ranked sixth among the world’s Top-Ten largest manufacturing countries in the United Nations Industrial Development Organization (UNIDO) 2015 Yearbook report.

30. Germany’s Development Bank KfW to provide loan assistance to metro system for Nagpur

  • Germany’s Development Bank KfW will provide loan assistance of three thousand and 750 crore rupees for the modern and sustainable metro system for Nagpur city being executed by Nagpur Metro Rail Corporation Limited.

31. Geeta Reddy is new Chairperson of PAC 

  • Congress senior MLA J Geeta Reddy has been appointed as the new Chairperson of the Public Accounts Committee (PAC) of Telangana.


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Neeraj Shura

Neeraj ShuraSep 29, 2016

@Jyoti Bharti u can go through these for financial awareness

ABSOct 2, 2016

DBC bank 1st adhar based ATM in Bangalore... Plz check
Ankur Singh

Ankur SinghOct 26, 2016

First aadhar based atm is at carporate office of dcb megapolis lower parel mumbai
Launched 3 apr
In bangulure  14 june
Yella Swamy
Antonyms : 200 Words

1. Inevitable- Avoidable
2. Exceptional- Common
3. Permanent- Temporary
4. Dim- Luminous
5. Reckless- Careful
6. Explicit- Ambiguous
7. Incredible- Believable
8. Repel- Attract
9. Rapidly- Slowly
10. Meticulous- Careless
11. Barbarous- Civilized
12. Successor- Predecessor
13. Urban- Rural
14. Conclusive- Indecisive
15. Terminate-Begin
16. Niggardly- Lavishly
17. Advanced- Receded
18. Enlightened- Ignorant
19. Moderate- Extreme
20. Superficial- Thorough
21. Scorn- Admiration
22. Trivial- Serious
23. Loquacious- Reserved
24. Confiscate- Release
25. Often- Rarely
26. Eminent- Notorious
27. Embark upon- Conclude
28. Diffidence- Boldness
29. Paucity- Plenty
30. Triggered- Choked
31. Fastidious- Adjustable
32. Grandiose- Simple
33. Bleak- Bright
34. Insolent- Humble
35. Lurid- Mild
36. Unscrupulous- Conscientious
37. Melodious- Tuneless
38. Contaminate- Purify
39. Frugal- Extravagant
40. Falling off- Improvement
41. Genial- Unkind
42. Shallow- Deep
43. Immune- Vulnerable
44. Veneration- Disrespect
45. Yield to- Resist
46. Concur- Disagree
47. Vague- Precise
48. Humility- Pride
49. Extol- Censure
50. Takes off- Lands
51. Demolish- Build
52. Prevent- Induce
53. Frailty- Strength
54. Collapse- Rise
55. Anxious- Carefree
56. Thrifty- Wasteful
57. Innovate- Copy
58. Enduring- Fleeting
59. Progressive- Retrogressive
60. Purposely- Unintentionally
61. Brave- Timid
62. Opaque- Transparent
63. Hinder- Encourage
64. Zeal- Apathy
65. Shimmering-Gloomy
66. Plausible- Implausible/ Unbelievable
67. Flair- Inability
68. Dormant- Active
69. Hazy- Clear
70. Fantastic- Ordinary
71. Asceticism- Luxury
72. Dissolution- Establishment
73. Unnerved- Confident
74. Harmony- Disagreement
75. Guilty- Innocent
76. Duplicity- Honesty
77. Jocular- Morose
78. Uncompromising- Flexible
79. Desecration- Consecration
80. Far-fetched- Realistic
81. Parallel- Crooked
82. Blocked- Facilitated
83 Turn coat- Loyal
84. Embellish- Spoil
85. Intentional- Accidental
86. Expand- Contract
87. Stimulate- Discourage
88. Perilous- Safe
89. Audacious- Timid
90. Quiet- Pandemonium
91. Genuine- Fictitious
92. Implicit- Explicit
93. Repulsive- Attractive
94. Escalate- Decrease
95. Commotion- Tranquility
96. Manifested- Concealed
97. Vindictive- Forgiving
98. Inaugurate- Terminate
99. Detest- Like
100. Commence- Conclude
101. Prosperity- Adversity
102. Deliberate- Unintentional
103. Disputable- Indisputable
104. Make- Break
105. Depressed- Elated
106. Ham-fisted- Adroit
107. Capture- Liberate
108. Misery- Joy
109. Anarchy- Order
110. Monotony- Variety
111. Latter- Former
112. Diligent- Lazy
113. Philistine- Cultured
114. Ingest- Disgorge
115. Laceration- Healing
116. Disorderly- Organized
117. Glossy- Dull
118. Accomplish- Fail
119. Orderly- Chaotic
120. Strife- Peace
121. Antique- Recent
122. Rapid- Slow
123. Initiated- Concluded
124. Fatigued- Rigid
125. Dynamic- Static
126. Hereditary- Acquired
127. Heretical- Orthodox
128. Implicate- Exonerate
129. Liberty- Slavery
130. Elevation- Reduction
131. Boon- Bane
132. Famous- Obscure
133. Gloomy- Radiant
134. Isolation- Association
135. Contented- Dissatisfied
136. Severe- Mild
137. Fatigued- Energised
138. Flexible- Rigid
139. Delete- Include
140. Evanescent- Eternal
141. Virtue- Vice
142. Confident- Diffident
143. Adamant- Yielding
144. Callous- Sensitive
145. Procrastinate- Expedite
146. Probity- Dishonesty
147. Sporadic- Continual
148. Apposite- Inappropriate
149. Chivalry- Cowardice
150. Sanguine temper- Despairing nature
151. Imperil- Safeguard
152. Consolidated- Disjoined
153. Vituperative- Laudatory
154. Benefactor- Enemy
155. Barren- Fertile
156. Nervous- Composed
157. Evident- Hidden
158. Professional- Amateur
159. Cessation- Commencement
160. Potent- Weak
161. Gregarious- Unsociable
162. Implication- Exoneration
163. Dismal- Bright
164. Meagre- Surplus
165. Flamboyant- Not showy
166. Chronic- Temporary
167. Awkward- Graceful
168. Despair- Hope
169. Validate- Disprove
170. Smug- Dissatisfied
171. Vicious- Virtuous
172. Obscure- Clear
173. Enervate- Strengthen
174. Autonomous- Dependent
175. Exonerate- Convict
176. Controversial- Indisputable
177. Accord- Disagreement
178. Feasible- Impractical
179. Acquit- Condemn
180. Affluence- Poverty
181. Harmonious- Discordant
182. Factual- Unrealistic
183. Assent- Disagreement
184. Discreet- Careless in behavior
185. Unjust- Fair-minded
186. Oppressive- Gentle
187. Clinch- Lose
188. To put up with- To dislike
189. Deceitful- Honest
190. Exaggerate- Understate
191. Synthetic- Natural
192. Infirmity- Strength
193. Deny- Accept
194. Benediction- Curse
195. Forbid- Permit
196. Inconspicuous- Prominent
197. Abandon- Retain
198. Fickle- Constant
199. Articulate- Unable to express oneself.
200. Humble- Powerful

PO, Clerk, SO, Insurance

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PO, Clerk, SO, Insurance

BankingIBPS POIBPS ClerkSBI POIBPS SOSBI ClerkRBIRRBLICESICNainital BankOtherQuick LinkMock Test
tags :PO, Clerk, SO, InsuranceGeneral AwarenessSBI Clerk OverviewSBI Clerk Apply OnlineSBI Clerk Eligibility CriteriaSBI Clerk Selection ProcessSBI Clerk Vacancy

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