General Awareness Series - 10

Insurance Special

1) Where was the first Life Insurance company was setup in India?
Answer : Calcutta

2) In which year was the first life insurance company was setup in India?
Answer : 1818

3) Which was the first life insurance company to be setup in India?
Answer : Oriental Life Insurance company

4) In which year Government of India started publishing returns of Insurance companies in India?
Answer : 1914

5) What was the statutory measure been taken to regulate the life business?
Answer : Indian Life Insurance Act was passed

6) Which act was passed to protect the interest of the investors who invest in Insurance?
Answer : Insurance Act in 1938

7) In which year an ordinance was passed to nationalise the Life Insurance sector?
Answer : 1956

8) In which year Life Insurance Corporation came into existence?
Answer : 1956

9) Which was the first general insurance company to be setup in India?
Answer : Triton Insurance Company private limited

10) In which year Nationalisation of General insurance took place?

Answer :1973
                

                                   By- Amit Jha
                                          MBA 2nd Year

General Awareness Series - 9

1) Where is the world’s largest diamond bourse situated?
Answer : India

2) What is the minimum amount which is exempted from tax for salaried person according to New Direct Tax Code (DTC) 2011 Bill?
Answer : 2 Lakh


3)   Which country is the largest recipient of World Bank loans?
Answer : India


4) What is Tobin tax?
Answer : Tax levied on spot conversion of one currency to other.


5) Where is the world’s first gold vending machine set up?
Answer : Abu Dhabi


6) Which is the second largest economy in the world after the United States?
Answer : China


7)  Who won the Finance Minister of the Year for Asia award 2010?
Answer : Indian finance minister


8)  What amount of the tax collected should be transferred to the state government according to the finance commission?
Answer :  32%


9) What is the overall debt of the centre and state be capped as suggested by the 13^th finance commission?
Answer :  68% of GDP


10) In which year IRDA was constituted as an autonomous body?
Answer : 2000

                                    By : Shailendra Kumar

                                            MBA 2nd Year

General Awareness Series - 8

1) In which asian stock exchange will the UK club Man United do a billion $ IPO ?

 Ans. Singapore

2) Loyalty programmes of airlines is old hat. Which airport in India has launched a program for travel agents and passengers ?

Ans. Rajiv Gandhi International Airport,  Hyderabad

3) What is grandparent dividend ?

Ans. The social benefits of growing with grand parents

4) When does a fund “broke the buck” ?

Ans. When its NAV goes down below 1 $

5) As per the CII INSEAD study of Global Innovation Index which country is ranked no 1 and what is India’s rank ?

Ans. Switzerland and 62

6) Which new co is positioned itself as India’s first dedicated education loan co. ?

Ans. Credila

7)  Which bankrupt tech company has sold its patents and patent apps to a consortium of cos for a solid US$ 4.5 B ?

Ans. Nortel

8) In private equity jargon what is dry powder ?

Ans.Money raised but not invested

9) In recent market share data for cola in US, Pepsi is no. 3. What are 1 & 2 ?

Ans. Coke and Diet Coke

10) What is “FIAT” money ?

Ans.  Money that has value only because of govt fiat or law

                                         By- Prabhat Kr Mathur
                                                 MBA 1st Year

General Awareness Series - 7

1) Who is all set to introduce Jan Lokpall Bill as a private member's bill in LokSabha?
Answer : BJP MP Varun Gandhi

2) Who has been appointed as joint Managing Director of Hero MotoCorp (formerly Hero Honda)?

Answer : Sunil Kant Munjal

3) Which company has launched Android tablet priced at Rs.6,250?

Answer : LACS (Lakshmi Access Communications Systems)

4) Which Bank has sought support of Rs.300 crore from the Government to fund business growth?

Answer : Corporation Bank

5) Name the deposit scheme that Indian Bank has launched for people under the financial inclusion plan.

Answer : Variable Recurring Deposit Scheme

6) Expand IBPS

Answer : Institute of Banking Personnel Selection

7) Which Bank's net profit dip to about 45% as it disclosed its Q1 earnings?

Answer : State Bank of India

8) Which is the world's First international town to be sponsored by UNESCO?

Answer : Auroville in Pondicherry

9) What is the maximum amount that can be withdrawn from a third-party ATM per transaction?

Answer : Rs.10,000

10) Which Bank has launced Debit Card with credit limit? Name the card.

Answer : IDBI Bank. IDBI Magic Card

General Awareness Series - 6

1) Private equity investors, invest in a company based mainly on :
Answer : the credibility and the valuation of the company 


2) ‘Sub Prime Lending' is a term applied to the loans made to :
Answer : Those borrowers who do not have a good credit history


3) Repo rate is decided by
 Answer : Reserve Bank Of India

4) Five Year Plans in India are finally approved by which body :

Answer : National Development Council                          

5) Structure of Basel II is based on how many pillars?

Answer :Three


6) Basel III in banks is being planned to be implemented from which years? 
Answer : 2019


7) Money Laundering refers to
 Answer : Conversion of Money which is illegally obtained

8) The price at which the Govt. Purchases food grain for maintaining the public distribution system is known as :

Answer : Procurement price

9) Who has taken charge as HAL's Director Corporate Planning and Marketing?

Answer : Baldev Singh

10) Which Bill in India is set to be tabled in Winter Parliament session?

Answer : Food bill

     

                                       By : Amresh Kr.Pandey

                                               MBA 2nd Year

General Awareness Series - 5

1) India's foreign exchange reserves as on 19th August 2011 is?
Answer : $318.22 billion


2) Which country is set to host the annual IMF-World Bank meet in 2012?
Answer : Japan

3) In which year was Indian Partnership Act launched?
Answer : 1932

4) Expand ARS.
Answer : Automatic Refinance Scheme

5) When was SIDBI set up in India?
Answer : 1990

6) How well do we know Raghuram Rajan?
Answer : Raghuram Rajan has served as Chief Economist of the International Monetary Fund

7) NABARD holds one percent shareholding of?
Answer : RBI

8) RBI has sole right to issue __________ in India.
Answer : Paper currency

9) Repo Rate is a rate at which RBI lends ________ to the banks.
Answer : Short-term money

10) What is reviewed by RBI every 6 weeks?
Answer : Monetary Policy

General Awareness Series - 4

1) The 'Krona' is the currency of which nation?

Answer : Sweden

2)  The CAC 40 is the prominent stock index in which country?

Answer : France

  

3) "Net Safe Credit Card" as introduced by which bank in India?

Ans. HDFC Bank

4) The primary function of the Income Statement is to:

Answer : Determine if the company will have enough cash to operate properly

5)  When was the first ministry of discinvestment formed in India?

Answer : 1999

6) Who are the Bretton Wood sister?

Answer : World Bank and IMF

7) Who was the first Asian to win Noble Prize for Economics?

Answer : Amartya Sen

8)  Which was the first private Mutual Fund company in India?

Answer : Kothari Pioneer(1993)

9)  What do you call the stock market trend that is neither bullish nor bearish?

Answer : "Chicken market"

10).  By what name is the building "Phiroze Jeejebhoy Towers" better known as?

Answer : Bombay Stock Exchange

                                 

                                            By :- Prabhat Kumar Mathur

                                                     MBA 1st Year

General Awareness Series - 3

1) What is Repo and Reverse Repo rate as on 26th July 2011?
Answer : Repo: 8% and Reverse Repo: 7%


2) Which bank has launched a service of accepting income tax payment through ATMs?
Answer : HDFC Bank


3) Which bank has entered into pact with SBI Mutual Fund?
Answer : Indian Bank

4)Who has been appointed as CEO of Aditya Brila Finance?

Answer : Rakesh Singh

5) Which bank has launched credit card with no pre-set limit on spending?

Answer : HDFC Bank

6) Which bank is promoted by 20th Century Finance Corporation and Keppel Tatlee Bank of Singapore in India?

Answer : Centurion Bank

7) Name the first Public Sector share quoted on the Bombay Stock Exchange?

Answer : Hindustan Petroleum Corporation Limited

8) Which google feature is likely to over take Facebook?

Answer : Google +


9) Who has been named 1st woman IMF chief?
Answer : France's Christine Lagarde

10)Country's largest 2 wheeler maker Hero Honda's board have approved the changing of the company name to?
Answer : Hero MotoCorp Ltd

General Awareness Series - 2

1) Which is the apex bank or central bank in India?

Answer : Reserve Bank of India (RBI).

2) When did Reserve Bank of India come into existence?

Answer : April 1, 1935

3) Upon which commission’s recommendations RBI was setup?

Answer : Hilton and Young Commission

4) In which year Hilton and Young Commission submitted its report?

Answer : 1926

5) Where was the head office of Reserve Bank of India when it came to existence?

Answer : Kolkata, Bengal

6) In which year Reserve Bank of India was Nationalised?

Answer : 1949

7) In which year Banking Regulation Act was passed?

Answer : 1949

8) Which was the first bank to be setup in India?

Answer : General Bank of India in 1786

9) Which were the banks being established under the charter of British East India Company?

Answer : Bank of Bengal

               Bank of Bombay

               Bank of Madras

10) Bank of Bengal, Bank of Madras, Bank of Bombay was also known as?

Answer : Presidency Banks

General Awareness Series - 1

1) In which year all three presidency banks were merged and called as Imperial Bank of India?

Answer : 1921

2) Which bank was the first bank to be established by Indian Merchants?

Answer : Union Bank

3) Which reputed bank was being setup in Lahore and which is still functioning?

Answer : Punjab National Bank

4) Which was the first Indian Joint stock bank and when was it setup?

Answer : Oudh Commercial Bank established in1881

5) For what purpose the Banking Regulation Act was passed in 1949?

Answer : To regulate, control and inspect the Banks in India

6) In which year 14 Commercial Banks were Nationalised?

Answer : 19^th July,1969

7) In which year another 6 banks were Nationalised?

Answer : 1980

8) Which Indian Prime minister gave green signal for Liberalisation inturn leading to setting up of Private Banks in India?

Answer : P.V.Narasimha Rao

9) Which bank was the first private bank to be setup after Liberalisation?

Answer : Global Trust Bank

10) Which bank was established to promote the investment in the property market?

Answer : National Housing Bank


                                                      By : Amit Jha
                                                              MBA 2nd Year