By

RajeshGoyal*

( Rajesh Goyal joined as Management Trainee (also called PO) in a nationalized Bank in 1980 and worked for
over 30 years in banking sector, and took VRS from the post of Assistant General Manager. He is also the
owner and editor of www.AllBankingSolutions.com - the most popular website among the serving and
retired bankers )

Success Mantras - Part 3 for SBI Clerk Exam
August 2014

(In This Part of the e-Magazine we have consolidated the
material provided in Part 1 and Part 2 of Success Mantras
and added new questions based on the trends in SBI Clerk
Exams held on 19th/20th/26th / 27th July, 2014)

Most Important
You Must Download

(1)BestGurus Half Yearly Round-up (January to June
2014) and memorized as much as possible.

(2) Read the study material given in this BestGuru Success
Mantra e-Magazine.

[Disclaimer:Weatbestguru.comhavetriedourbesttocompilethestudymaterial,whichis
beingprovidedabsolutelyFREEofcost,fromvariousauthenticsources.However,
candidates,incaseofdoubt,areadvisedtorecheckthesamefromtheirownsources.We
willnotberesponsibleforanymistake/omissionforwhatsoeverreasons]
OverviewofSBIClerkExam2014
(RepeatedfromPart1)

IamsureyoumusthavegonethroughthedetailsasannouncedintheSBI
Advertisementforthisexam.YouwillbeappearingintheSBIclerkexam2014in
nextfewdaysastheprocessofissuingcalllettershasalreadystarted.Thus,now
youhavelittleornotimeforpreparingfortheexamfromscratch.However,itis
necessarytorecollectsomefactsaboutthisexam.
State Bank of India Assistants in Clerical Cadre Selection Process is based on (a)
Online Objective type Test and (b) Personal Interview.

(A) Online Objective Type Test: Marks 200
Time Duration: 2 Hrs 15 min. We give below the details of the subjects covered,
total questions and number of total marks for each subject for the forthcoming
SBI Clerk Exam 2014
Subject No of Questions Total Marks
1. General Awareness 40 40
2. General English 40 40
3. Quantitative Aptitude 40 40
4. Reasoning Ability 40 40
5. Marketing Aptitude / Computer
Knowledge
40 40
Total 200 Qs 200 Marks
For Marketing Aptitude / Computer Knowledge, there are likely to be 20 questions
from each section;
The questions in objective tests, except for the test of General English, will
be bilingual i.e., English & Hindi. Each test will be of 40 marks. For these
objective type tests of total 200 marks candidates will be given a composite
time of 2 Hours 15 minutes.

w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
There will be negative marks for wrong answers in the Objective tests.
1/4th mark will be deducted for each wrong answer. Candidates will have to
pass in each of the objective tests.

The passing marks in each of the tests will be decided by the Bank on the
basis of the performance of all the competing candidates taken together in
each test to a minimum required level. Candidates are also required to score
a minimum percentage marks on aggregate (For SC/ST/OBC/PWD/XS
candidates, 5% relaxation available thereon) for being considered for
interview. Minimum percentage marks on aggregate will be decided by the
bank.

Youmustkeepalltheaboverequirementsinmindwhileattemptingyourquestionpaper.
Wegivebelowsomemoretipsforyourexam.
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
TipsfortheExam:
(RepeatedfromPart1)

TipsforBeforetheTest:
Youshouldensurethatyouarewellrestedthenightbeforethe
examandhaveasoundsleepIfpossible,dosomething
relaxing!

TipsforDuringtheTestPeriod
Berelaxedduringthetestperiodastoomuchtensionmay
preventyoufromthinkingclearly;
Donotlookatthetimetoofrequentlyasthisreducesyourtime
fordoingtheactualtest

ForMultipleChoiceQuestion
ReadeachquestioncarefullyandchoosetheBESTanswerfrom
theoptionsgiven
Ifaquestionistakingaverylongtime,goontothenextquestion
andcomebacktotheoneyoumissedattheendofthetime
Ifyouarenotsureoftheanswer,crossouttheoptionsyouknow
arewrongandthendecidebetweenwhatisleft
IfyouaredoingtheEnglishpaper,readthewholepassagebefore
youstartansweringthequestions
Makesureyoumarktheanswerscorrectlyintheonlinetest.
Ensurethatyouhaveclickedontherightanswer

TowardstheEndofthetest
Attheendofthetesttime,checkifyouhaveleftoutany
questionsandgivethematryagain
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
Banking and Financial Awareness:-
You Must READ from the following Links
You must attempt the following exercises and know their
answers :
Financial Awareness Exercise No. 002 on Whos Who of Financial Sector
Financial Awareness Exercise No. 001 on Current Policy Rates
Financial Awareness Exercise No. 704
Financial Awareness Exercise No. 703
Financial Awareness Exercise No. 702
Financial Awareness Exercise No. 701

You should check and memorize the latest policy Rates and Reserve Ratio
from RBI Websites or http://www.allbankingsolutions.com/DATA.htm

You should read the following study material and
grasp the concepts:
Financial Awareness Study Material Part 5
Financial Awareness Study Material Part 4
Financial Awareness Study Material Part 3
Financial Awareness Study Material Part 2
Financial Awareness Study Material Part 1
(A) http://www.bestguru.com/important-dates-days-
celebrated-observed/
(B) Must Read Last 15 Posts on www.bestguru.com which
covers the current news including Commonwealth
Games history; CWG 2014 and Performance of Indian
players w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
162QUESTIONSANDANSWERSBASEDONMCQsOFSBICLERKEXAMHELDON
19TH/20TH/26TH/27THJULY,2014EXAMSExpectedQuestions/TopicsBased
onTheseTrendsandHowtoPrepareforThem

S.No.
Questions
Asked
An
sw
ers
Category of Qs
Expected Questions Based on
Trends
1 PC stands
for ?
Personal
Computer
2 Full form of
ASCII ?
American
Standard Code for
Information
Interchange
3 IBSA full
form ?
India, Brazil,
South & Africa
4 What is full
form of
CAG?
Comptroller and
Auditor General
5 What is the
full form of
NVRAM ?
Non Volatile
Random Acess
Memory
6 What is the
full form of
CBS?
Core Banking
Solutions
7 PC stands
for ?
Personal
Computer
8 What is the
full form of
ECB ?
External
Commercial
Borrowings
9 What is the
Full form of
CD-R?
Compact Disc -
Recordable
10 What is the
full form of
CSO?
Central Statistical
Organisation
11 What is the
full form of
CD?
Compact Disc
12 What is the
full form of
CBS?
Core Banking
Solution
13 What is the
full form of
MIS in
financial
sector?
Marketing
Intelligence
System
Abbreviations
The trend indicates that
questions on
abbreviations are (a)
Current Affairs (b)
Computers.

Therefore, candidate
should memorize the
abbreviations given in our
above referred magazine
so that he is prepared to
answer the questions
asked about abbreviations
in News.

For computer
abbreviations too you
need to memorize the
abbreviations given at
www.BestGuru.com
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
14 What is the
full form of
SWOT
Strength,Weaknes
s,Opportunity,Thr
eats
15 Which
award is
given to
Leander
Paes and
Ruskin
Bond?
Padma Bhushan
award
16 Who is the
recipient of
49th
Jnanpith
Award
Kedar Nath Singh
17 Who was
recently
honoured
with the
Dadasaheb
Phalke
Academy
Award for
Best Singer
(Female)?
Sunidhi Chauhan
18 York
University,
Canada
gave award
to ?
Ratan Tata
Awards
We have covered the
awards quite
comprehensively in the
above magazine,
therefore, you need to
study these carefully. In
the exam held on 27th and
28th July, there appears
to be less focus on this
aspect, but this can not be
ignored
19 Which of
the
following
activities is
not done by
RBI?
Trading in
commodities
20 Which of
the
following is
not a bank
?
IRDA
21 Recently
banking
license has
been issued
to which
company?
IDFC
Banking
The trend here indicates
that questions on banking
are either based on the
current news relating to
banking sector or are
based on the basic
concepts which an
educated person is
supposed to know.

For current banking news,
please read our above
referred magazine. For
some of the banking
concepts, please read the
study material given at the
end of these questions.
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
22 Who
among the
following is
RBI Deputy
Governor ?
URJIT PATEL
23 Which is
the
Regulatory
Authority
of
Cooperativ
e banks &
RRBs?
NABARD
24 Name the
present
Chairman/
Chairperso
n of SBI?
ARUNDATI
BHATTACHARYA
25 How many
languages
in Indian
currency?
17
26 In shops
the credit
/Debit card
transaction
s are done
through
which
machine?
POS
27 Which card
is issued by
NPCI?
RuPay Card
28 Who issues
the
Monetary
policy in
India?
RBI
29 Commercia
l papers
issued in
what
multiples?
Rs.5 lakh or
multiples thereof
30 Commercia
l Paper is
issued for
how many
days ?
A minimum of 7
days and a
maximum of up to
one year from the
date of issue

You should also update
yourself with the news
uploaded at
www.bestguru.com in last
few weeks.


In case you are preparing
for even higher exam, you
should start reading the
material from
www.allbankingsolutions.
com under the heading
Banking Tutor
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
31 . Indian
currency
notes bear
a signature
of ?
RBI Governor
32 In which
year was
RBI
established
?
1935
33 In which
year were
Banks
Nationaliza
tion took
place?
1969
34 Which tool
is used by
RBI to
adjust
Liquidity in
the banking
system?
LAF (Liquidity
Adjustment
Facility)
35 What is the
validity of a
cheque?
3 months
36 Which is
one of the
major
functions
of RBI
Bankers Bank
37 Which of
the
following is
related to
financial
inclusion?
BSBDA
38 Which is a
negotiable
instrument
?
Cheque
39 Whose
signatures
appear on 1
Rupee
currency
notes
Finance Secretary
40 T- Bill what
type
instrument
Money market
instruments
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
41 Who
headed the
Committee
on
Comprehen
sive
Financial
Services for
Small
Businesses
and Low
Income
Households
?
Nachiket Mor
Committee
42 Who
provides
assistance
to small
industries
SIDBI
43 Name the
Human
Resource
Minister ?
Smitri Irani
44 Who is the
Chairman
of Bhartiya
Mahila
Bank?
Usha
Ananthasubraman
ium
45 Who is the
author of
the book
My Journey
:
Transformi
ng Dreams
into
Actions?
Former President
APJ Abdul Kalam
46 Who is the
author of
the book
Sahara :
The Untold
Story ?
Tamal
Bandyopadhyay
47 Casual
vacancy
written by?
J K Rowling
48 Name the
book for
which Vijay
Sheshadri
3 Sections
Books
See the chapter on books
and authors in the above
referred magazine
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
has won
Pulitzer
prize ?
49 What is the
Capital of
Bhutan?
Thimphu
50 What is the
Capital of
Mynamar?
Naypyidaw
51 Capital of
Brazil?
Brasilia
52 Name the
Capital of
Argentina?
Buenos Aires
53 Name the
Capital of
Canada?
Ottawa
54 Name the
Capital of
Sweden?
Stockholm
Capital
These capitals have been
in news.

If possible try to
remember as many capital
as possible from GK Book
or our website
www.BestGuru.com.

Some of the important
capitals based on current
affairs are Ukraine, Libya,
Turkey, Brazil, Russia,
South Africa, Israel,
55 Which of
the
following is
an Input
device?
Light pen
56 What is an
Operating
system ?
system software
57 Which of
the
following is
related to
Email?
Attachment
58 Two people
should be
logged in
simultaneo
usly for
what kind
of
software?
Instant messaging
59 MS word is
a type of?
Application
Software
60 Keyboard
and ___ is
an input
Mouse
Computer
Study the computer
material available at our
website
www.BestGuru.com which
covers quite
comprehensively the
topics that are usually
asked in such type of
exams. There are
regularly questions on
input and output devices.
Therefore, be clear what is
an input and what is an
output device.
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
device
61 Magnetic
Disk is ?
Non Volatile
62 What is a
Linux ?
Operating system
63 Printer is
an example
of
Output device
64 Which of
the
following is
an
operating
system?
WINDOWS 2003
65 What is
window
vista ?
Operating System
66 Devices
that
attached to
computer
outside ?
Peripheral devices
67 What is the
name of
Chinese
Currency?
Yuan
68 What is the
currency of
Kuwait?
Kuwaiti Dinar
69 What is the
Currency of
Afghanista
n ?
Afghani
70 Name the
Currency of
Malaysia?
Ringgit
71 Currency of
Italy
Euro
72 Iraq
currency?
Dinar
73 Which is
the official
Currency of
Indonesia
Indonesian Rupiah
Currency
If possible try to
remember as many
currencies as possible
from GK Book or our
website
www.BestGuru.com.

Some of the important
countries for which
currencies can be asked
include Sri Lank,
Bangladesh, Thailand,
Russia, Japan, Brazil,
Bhutan, Libya, Ukraine
74 World
Autism day
?
2nd April
Day
These should be
memorized from the
above referred magazine
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
75 World aids
day
celebrated
on ?
1st December
76 On which
day is Army
Flag Day
celebrated
?
7
th
December
77 On which
date is
Human
Rights Day
is observed
?
10
th
December
78 World
Autism day
?
2nd April
79 World aids
day
celebrated
on ?
1st December
80 When is
Internation
al Day for
Old Person
observed
1st October
81 On which
day is
World
Tourism
Day
celebrated
?
27th September
82 When is
Press
Freedom
Day
observed?
3rd May
of BestGuru and other GK
books / website
www.bestguru.com

http://www.bestguru.c
om/important-dates-
days-celebrated-
observed/

83 Definition
of Current
account
deficit?
A measurement of
a country's trade
in which the value
of goods and
services it imports
exceeds the value
of goods and
services it exports
Economics
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
84 Which of
the
following is
not an
indirect
tax?
10% surcharge on
income
85 What are
Intangible
assets?
An asset that is not
physical in nature.
Corporate
intellectual
property (items
such as patents,
trademarks,
copyrights,
business
methodologies),
goodwill and
brand recognition
are all
common intangibl
e assets in today's
marketplace.
86 . Budget in
which
article ?
Article:112
87 Who is the
Water
Resource
Minister?
Uma Bharti
88 Who is the
current
Road
Transport,
Highways
and
Shipping
Minister ?
Nitin Gadakari
89 Indian
Overseas
minister?
Sushma Swaraj
90 Chemical
and
fertilizer
cabinet
minister?
Ananth Kumar
Ministers
Usually such questions
were not asked in earlier
years but in view of totally
cabinet, examiner has
asked questions on this
topic regularly.
Therefore, we have
included this list in this
magazine itself.

Examiner is also asking
questions on the
constituencies of
important leaders who
have recently won Lok
Sabha elections. Some
leaders whose Lok Sabha
constituencies you should
be aware are : PM,
Rajnath Singh, L K
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
113 Name the
Minister of
Social
Justice and
Empowerm
ent?
Thawar Chand
Gehlot
120 Name the
Health
Minister of
India
Dr. Harsh
Vardhan
124 Who is the
Union
Cabinet
Minister of
Micro,
Small and
Medium
Enterprises
?
Kalraj Mishra
Advani, Murli Manohar
Joshi, Sonia Gandhi,
Rahul Gandhi, Ravi
Shankar Prasad, Kalraj
Mishra,
91 Malaysia,
truly Asia
relates to
what?
Tourism campaign
of Malaysia
92 Who is the
first
woman
director of
Reliance
Industries?
Nita Ambani
93 RIL &
Network 18
Deal has
been struck
for what
amount (in
crores)?
4000 Crores
94 Amul has
plans to set
up Dairy
worth 200
cr in which
city?
Varanasi
95 Why did
India ban
the import
of Milk
Products
from China
India banned milk
products form
China : due to
presence of
melamine, used
for making plastics
and fertilizer
News
Read newspaper
regularly. We have tried
to cover the news items
which we felt will be
important from exam
point of view. However,
the questions are asked
from much wider field and
thus you may refer to
some other magazines too,
if you get time for the
same.

Regularly read the
updates given in
www.bestguru.com

w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
96 Nevia first
plant in
India ?
Sanand, Gujarat
97 OPEC has
how much
% of total
oil ?
81%
98 Country
having least
global
peace index
?
Syria
99 Headquart
er of
Infosys?
Bangalore
100 World
economic
forum held
in?
Abuja (Nigeria)
101 In which
state Solar
thermal
power
plant was
installed
recently ?
Rajasthan
102 Which
south east
organisatio
n has 10
members?
ASEAN
103 Sachin
Tendulkar
coins were
sponsored
by which
company?
East India
Company
104 Recently
Navaratna
status given
to?
National Building
Construction
Corporation &
Engineers India
Ltd (EIL)
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
105 In LoK
Sabha
elections if
any
candidate
win two
seats (like
our pm) so
in what
duration of
time he has
to leave one
seat ?
14 days
106 Flipkart
acquire
which
online
shop?
Myntra.com
107 Amul can
be related
to which
revolution
?
White revolution
108 Best
ranked IIT
among
BRICS top
universities
2014?
IIT Delhi
109 Beiji oil
refinary
located in ?
Iraq
110 Tata group
joined
which
airlines?
Air Asia
111 Name the
place
where
recently
Hindustan
Motor car
plant was
shut
down?
Uttarpara plant
(West Bengal)
112 Which state
dont
shares the
border with
Telangana?
Jharkhand
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
114 Name the
place
where
recently
PM
inaugurate
d a hydro
power
plant in J &
K?
Uri (J & K)
115 Telangana
is -----State
of India?
29th state of India
116 Which
country
first of all
introduced
plastic
notes?
Australia
117 A.R
Rahman is
now a
street name
in which
country?
Canada
118 Japan has
sea-conflict
with which
country
China
119 Worlds
highest
railway
tunnel?
China (16.3-km-
long tunnel links
Gansu Province
and Xinjiang
provinces. )
121 Which
organisatio
n is for
Rural
women
entreprene
urs ?
FIWE (Federation
of Women
Entrepreneurs)
122 Which of
the
following is
not true
about
Telangna?
Is divided on the
linguistic basis.
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
123 Who is
Chairman
of the
Cauvery
Water
Disputes
Tribunal
Justice B S
Chauhan
125 Kaveri
river water
dispute
between
which
states?
Karnataka & Tamil
Nadu
126 Capro
Group has
won the
Internation
al Business
Year of the
award is
owned by
Lord Swaraj Paul
127 Where will
be the next
Commonwe
alth Heads
of
Governmen
t Meeting
2015,(CHO
GM 2015)
be held?
Malta
128 Who
inaugarate
d Bhartiya
Mahila
Bank ?
Manmohan Singh
129 Where is
CRISIL HQ
?
Mumbai
130 Which is
the
Constituen
cy of Nitin
Gadkari?
Nagpur
131 What will
be the
venue for
24-ASEAN
summit to
be held in
Nay Pyi Taw
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
November,
2014?
132 Who is the
current
Food &
Consumer
Affairs
minister?
Ram Vilas Paswan
133 Name the
150 km
missile
launched
by DRDO
recently?
Vidisha
134 Azlan Shah
who died
recently is
a ?
Hockey Player
135 Head of SIT
Committee
?
MB Shah
136 Azlan Shah
who died
recently is
a ?
Hockey Player
Persons in
News

137 Vijay
Hazare
Trophy is
associated
with which
sport?
CRICKET
138 FIBA is
associated
with which
sport ?
Basketball
139 FIFA World
cup-can be
termed as
what kind
of
marketing?
Event
140 WIMBLED
ON
champions
hip is
associated
LAWN TENNIS
Sports
These questions can be
divided into two parts : (a)
Traditional Sports GK,
which you should
memorize from our
website bestguru.com or
some other good GK Book
; (b) Sports News :

The focus has been on
FIFA World Cup. Be ready
for questions on FIFA
world cup final results
and special awards given
to certain top ranked
footballers [These are
available in the above
referred magazine}

Now focus is also likely to
shift to CWG 2014 games
being held in Glosgow.
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
with which
sports?
141 FIBA is
associated
with which
sport ?
Basketball
142 Who is
Richest
Player in
FIFA ?
Cristiano Ronaldo
143 Who did
hat trick
goal in foot
ball world
cup?
Thomas Muller
(Germany) score
first hattrick of the
FIFA World Cup
Tournament
144 FIFA 2014
Mascot
Name?
Fuleco (The name
Fuleco is a
portmanteau of
the words
"Futebol"
("Football") and
"Ecologia"
("Ecology").)
145 Who win 3
medals in
ISSF world
cup in
Munich?
Jitu Rai
146 Ashes
trophy is
played
between
which two
countries?
Australia and
England
147 Gillette Cup
is
associated
with which
sports?
Cricket
148 In which
city the
next
Commonwe
alth Games
of 2018 will
be held ?
Gold Coast City,
Queensland,
Australia
At www.bestguru.com we
have covered these games
quite in depth. There are
four articles which you
must read from the latest
posts.

w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
149 Who is the
winner of
Australian
Grand
Prix?
Nico Rosberg
150 Night
blindness is
caused due
to
deficiency
of which
Vitamin?
Vitamin A
151 Name the
state which
has been
highest
rural
population
as per
Census
2011 ?
Uttar Pradesh
152 A Scheme
named
Rajiv
Gandhi
Scheme for
Empowerm
ent of
Adolescent
Girls is also
known as?
SABLA
153 Kanyakum
ari
formerly
known as ?
Cape Comorin
154 Salarjung
museum
located in
which state
?
Hyderabad,
Telangana
155 Which state
has highest
urban
population
in india?
Maharashtra
156 Which
organizatio
n collects
and publish
financial
National Sample
Survey
Organisation
Traditional GK
This is a vast subject and
nobody can predict
anything from this topic.
Therefore, do not waste
too much time and
attempt your questions
based on what you have
studied upto now.
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
data?
157 Study of
kidney
diseases
comes
under
which
medical
branch?
Nephrology
158 Which
India state
has the
highest per
capita milk
availability
?
Punjab
159 Camel is
the official
animal of
which
state?
Rajasthan
160 Which
device is
used to
measure
blood
pressure ?
Sphygmomanomet
er
161 Nilgiris is
located in
which
state?
Tamil Nadu
162 Name the
indigenousl
y DRDO
developed
fighter
plane ?
Tejas

w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m

CERTIFICATE OF DEPOSIT

These are type of Usance Promissory note and can be issued in
Dematerialisation form only. The major features are:
Who can issue All Scheduled commercial banks except RRBs and All India
Financial Institutions
CRR/SLR Applicable on the issue price in case of banks
Investors Individuals (other than minors), corporations, companies,
trusts, funds, associations etc.
Maturity Min: 7 days Max: 12 Months (in case of FIs minimum 1 year
and maximum 3 years).
Amount Min: Rs. 1 lac, beyond which in multiple of Rs. Lac
Intt. Rate Market related, Fixed or floating.

COMMERCIAL PAPER
Commercial Paper (CP) is a short term money market instrument
and is issued as a usance promissory note (unsecured). CP are
privately placed. CP are issued at a discount to face value as may be
determined by the issuer.

CPs enable the highly rated corporate borrowers to diversify their
requirements of short-term borrowings. These instruments also provide an
additional instrument to investors for investment opportunity. Now,
primary dealers and FI are also permitted to issue CP to enable them to
meet their short-term funding requirements for their operations.
Who can issue
Commercial
Paper (CP)

Companies, primary dealers (PDs) and all-India financial
institutions (FIs). (for PDs/FIs, no eligibility criteria
except that their borrowing should be within their overall
borrowing limit).

Maturity

Minimum 7 days & maximum upto one year.

Denominations

Rs.5 lakh or multiples thereof.

Investors in CP

Individuals, banking companies, other corporate bodies
registered or incorporated in India and unincorporated
bodies, Non-Resident Indians and Foreign Institutional
Investors (for FIIs within the limits set for their
investments by SEBI.

Mode of
Issuance:

CP is a promissory note and can be issued through any of
the depositories approved by and registered with SEBI.
Wef 01.07.2001 PDs/FIs/Banks shall hold CPs in demat
form only.

w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m


NON-CONVERTIBLE DEBENTURES
NCD are debt instruments which are issued by a corporate (including
NBFCs).

Eligibility
Parameters
i. Minimum tangible net worth Rs. 4 crore, as per the
latest audited balance sheet.
ii. The borrowal account is classified as a Standard
Asset by bank/s or institution/s.

Rating
Requirement
Credit rating to be obtained from CRISIL, ICRA, CARE,
FITCH Ratings India Pvt. Ltd or such other agencies
registered with SEBI. The minimum credit shall be P-2 of
CRISIL or such equivalent rating by other agencies. The
rating should be current and has fallen due for review.

Denomination: NCDs any be issued in denominations with a minimum of
Rs. 5 lakh (face value) and in multiples of Rs.1 lakh.
Maturity (a) Min 90 days from the date of issue and maximum one
year.


NON BANKING FINANCE COMPANIES (NBFCs):
A company is considered to be an NBFC if (a) its financial assets are more
than 50% of its total assets (netted off by intangible assets) and (b) income
from financial assets are more than 50% of the gross income.
Currently, RBI has classified NBFCs under 4 categories, viz., Asset Finance
Companies, Loan companies, Investment Companies and Infrastructure
Finance Companies (IFCs).

CREDIT RATING
Credit rating means an opinion of a credit rating agency on the future
ability and legal obligations of the company being rated, to make timely
payment of principal and interest.
Credit Rating Agencies International and National : At international level
two agencies namely Standard & Poors and Moodys are very prominent
rating agency and in India, there are 5 agencies namely CRISIL, ICRA,
CARE, Fitch Rating India and Brick Work Rating India which are engaged
in the credit business.


VENTURE CAPITAL
Venture capital is a source of funds used to finance new proposals/ideas
involving new technology or products which are risky but with a potential of
high returns. It is a capital committed in the form of share-holding for the
formation and setting up of a firm, specialized in new ideas or technologies.
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
In other projects involving high risks and yet having strong potential of high
profitability. In India, the venture capital has largely been sponsored by
financial institutions.

INITIAL PUBLIC OFFERING (IPO)
IPO means when the company has come to market with shares for the first
time. Usually such shares are sold to public through one of the following
modes : (a) one where the company and lead manager fix a price (called a
fixed price) and (b) one where the company and the lead manager stipulate
a floor price or a price band and leave it to market forces, to determine the
final prices (price discovery through book-building process).

Follow Up Public Offering (FPO)

FPO means the company is coming to market again i.e. after IPO and is
seeking public to subscribe to its share again.

Debt market
Debentures, Bonds, Zero Coupon Bonds, Government Securities, Treasury
Bills are part of the debt market.


INSIDER TRADING
Insider trading refers to the act of buying or selling of securities by a person
with access to privileged information (to which none else in the market has
access to), usually done with the motive of making profits or avoiding
losses.
Depository
A depository is an organization which holds securities of investors in
electronic form at the request of the investors through a registered
Depository Participant. At present two Depositories viz. National Securities
Depository Limited (NSDL) and Central Depository Services (i) Limited
(CDSL) are registered with SEBI.

Dmat or dematerialization
Dmat or Dematerialization is a process under which the paper certificates
of an investor are replaced by the company/registrar and an equivalent
number of securities are credited in electronic form to the Dmat account of
that investor.

APPLICATION SUPPORTED BY BLOCKED AMOUNT (ASBA)
ASBA is a scheme introduced for the benefit of the investors wherein the
applicant applying for shares in the primary market authroises the bank to
block the application money in his bank account. Once the allotment
process for shares is complete and the basis of allotment is finalized. the
money is debited to the account based on the number of shares actually
allotted to that applicant
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m

SENSEX
The full form of SENSEX is Sensitive Index. It is a market capitalization
weighted index of 30 stocks (shares) representing a sample of large, well-
established and financially sound Indian companies.

BOOK BUILDING
Book building is the process to assess demand for a particular public issue
at various prices, based on which the issue is priced and sold to the
investors. A number of companies in the recent past including ONGC and
ICICI Bank, have taken this route to raise funds from the market.

Some More Links for Candidates Who Have Time and Energy to Study

What is Cheque Truncation System (CTS 2010) ? Know Everything About
this new Scheme
DICGC And Rules and Regulations for Insurance of Bank Deposits
What are Basic Savings Bank Deposit Account?
What is inflation, deflation, stagflation and hyperinflation
What is Marginal Standing Facility ?
Bancassurance - What is Bancassurance ?
What is PAN ? Know Everything About Permanent Account Number

Latest CRR, SLR, Bank Rate, MSF, repo, reverse repo rate etc.

Define CRR, SLR, Bank Rate, Repo, Reverse Repo etc.?

w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m

BankingandEconomicNews(ApriltoJune2014forSBIClerk2014
ExamtobeheldinJuly/August2014)
Headline News in Brief
Fare and Freight Hike by
Railways
Government announced a sharp hike of 14.2% in
passenger fares and 6.5% in freight tariffs, as envisaged
in the interim budget. The decision o these hikes was
taken on February 10 by the UPA government with the
caveat that it would come into effect after the polls.
Institute for Economics
and peace (IEP) released
its Global Peace Index for
the year 2014 which is
topped by Iceland.
Instituted for Economics and Peace (IEP) in June, 2014
released its Global Peace Index for the year 2014 which
it topped by Iceland. India has been ranked at 143
rd

position out of 162 countries surveyed. According to the
index, the most peaceful countries are Iceland, Denmark
and New Zealand. Syria replaces Afghanistan as the
worlds least peaceful country.
SLR Reduction by
Reserve Bank of India
The RBI reduced the SLR by 50 basis points 22.5 percent
in its bi-monthly monetary policy statement while.
RBI asks banks to
disclose sector-wise loans
from next fiscal
RBI has now asked banks to make sector wise
disclosure from 2014-15 onwards of their advances with
a view to encourage them to actively manage exposure to
various segments. This disclosure requirement is based
on recommendations of the Committee on
Comprehensive Financial Services for Small Businesses
and Low Income Households under chairmanship of Dr.
Nachiket Mor.
NABARD reduces
refinance rate by 20 bps
National Bank for Agriculture and Rural Development
(NABARD) in June 2014 reduced the rate of interest by
20 basis points (bps) on their long term refinance facility
to banks with an objective to promote investments in
agriculture. The new rates will be applicable from June
2014. The rates of refinance will now be 9.50% for 5
years and above and 9.70% for 3-5 years period, Banks
availing more than Rs. 500 crore in a single drawl will
further be incentivized by 10 bps.
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
RBI simplifies KYC
norms for opening of
banks accounts
RBI in its directions to Banks has told thata bank
account can be opened with just one address proof,
which can be either permanent or local. The decision will
help migrant workers and employees with transferable
jobs who at present face problems in opening banks
accounts due to non availability of the documents of
address proof at new place.
RBI keeps key policy rates
unchanged in monetary
policy review
In its Policy dated 3
rd
June, RBI kept the Repo rate
unchanged at 8 percent. However it reduced Statutory
Liquidity Ratio by 50 basis points to 22.5 percent
(from 23 percent). This move is likely to infuse around
Rs. 40000 crore into the banking system.
RBI extends loan tenures
for exporters to 10 years
RBI has allowed banks to provide loans with tenures of
up to 10 years to exporters to help them ensure capital
flows to fulfill long-term contracts. Existing norms allow
banks to give loans for up to one year only.
DLF gets ISO
certification
Indias largest real estate company DLF has become the
countrys first real estate developer to get ISO 9001 :
2008 quality certification for development of housing
and commercial projects.
ONGC begins drilling in
Palar basin
The Oil and Natural Gas Corporation (ONGC) began
drilling of its first-ever well in the Palar basin at
Chinnapulitur village near Gummidipoondi, about 55
km from Chennai. The basin, covering an area of 1800
sq km, was sandwiched between the two petroleum-
bearing Krishna-Godavari and Cauvery basins.
Flipkart buys out Myntra
for $300 m
Indias biggest e-commerce company, Flipkart has
announced to acquire fast growing online fashion retailer
Myntra for $300 million.
Shome Panel submits its
first to Finance Ministry
The Tax Administration Reform Commission (TARC)
headed by Parthasarathi Shome, submitted its first
report. The panel has recommended a radical overhaul
including abolition of the post of Revenue Secretary,
empowerment of the apex direct and indirect taxes
bodies, and allowing revenue service officers to specialize
to help implement global best practices.
G7 summit held in
Brussels
The leader of Canada, France, Germany, Italy, Japan,
the United Kingdom, the United States, AND the
President of the European Council and the President of
the European Commission (G7) leaders) met in Brussels
on 4-5 June, 2014. The event was originally planned to
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
take place in the Black Sea resort city of Sochi, in a G8
format (including Russia) However, Russia was expelled
from the Group of Eight over disagreement over the
Ukraine and the political crisis there.
Lithuania ready to join
euro in 2015
The European Commission in June, 2014 announced
that Lithuania meets all the criteria for joining the euro,
clearing the way for the Baltic state to become the 19
th

member of the single currency in January, 2015.
PMs Bhutan visit At the invitation of King of Bhutan, Jigme Khesar
Namgyel Wangchuck, Indian Prime Minister Narendra
Modi paid a State Visit to Bhutan in June, 2014. Prime
Minister addressed the Joint Sitting of the Parliament in
the Gyalyong Tshogkang in June 2014.
India becomes permanent
member of Washington
Accord
India in June, 2014 became a permanent member of the
Washington Accord, an elite international treaty on
engineering studies that promotes the movement of
engineers across signatory countries that includes the
US, the UK and Australia.
Govt. constitutes SIT on
Black Money
In its first decision after taking charge, Prime Minister
Narendra Modis government announced the formation
of a Special investigation Team (SIT) to probe black
money The decision was taken in the first meeting of the
Union Cabinet chaired by Prime Minister Modi.
Kudankulam becomes
first nuclear plant to
generate 1000 MW power
The Unit 1 of the Kudankulam nuclear power plant
(KNPP) reached full capacity generation of 1000 MW in
June 2014. This is the first nuclear power plant in the
country to touch 1000 MW of power generation. The
Rusian-designed Voda Voda Energo Reactor (VVER)
achieved the final milestone nearly eight months after
power generated at the plant was connected to the grid.
Delhi becomes first
kerosene-free city in India
The Delhi Government in June 2014 announced that the
national capital has become the first Kerosene-free city
in the country. With the successful implementation of
Delhi; A Kerosene-Free City Scheme, 2012, no
subsidized Kerosene is being issued in the national
capital and the country can save up to Rs. 200 crores
every year.
India becomes worlds
third-largest economy
India emerged as the worlds third-largest economy in
2011 in terms of purchasing power parity (PPP) from
being the tenth largest in 2005, moving ahead of Japan,
while the US remained the largest economy closely
followed by China, according to a World Bank reported
released on 29 April, 2014.
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
Singapore replaced
Mauritius as top sources
of FDI in India
Singapore has replaced Mauritius as the top sources of
for foreign direct investment into India, according for
about 25 percent of FDI inflows in 2013-14. During the
last financial year, India attracted $5.98 billion in FDI
from Singapore, whereas it was $4.85 billion from
Mauritius, according to the data of the Department of
Industrial Policy and Promotion (DIPP).
RBI extends loan tenures
for exporters to 10 years
The Reserve Bank of India in may, 2014 allowed bank to
provide loans tenures of up to 10 years to exporters to
provide loans tenures of up to 10 years to exporters to
help them ensure capital flows to fulfill long-term
contracts. Existing norms capital flows to fulfill long-
term contracts. Existing norms allow banks to give loans
for up to one years only. This facility is available with
certain conditions, including an interest rate limit of 200
basis points above the London interbank, offered rate
(Libor), a global benchmark, Besides, exporters
receiving loans of $100 million or above, need to report
the translation immediately to the RBI. As per the
conditions, there should be irrevocable supply orders in
place.
Bhartiya Mahila Bank
included in second
scheduled to RBI Act
Bhartiya Mahila Bank, the countrys first all-women
lender, was included in the second scheduled to the RBI
Act in May, 2014. Post inclusion in the second schedule
or commercial bank category, the lender becomes
eligible for loans from RBI on bank rate and also
acquires membership of clearing houses. Also, it
provides that any activity of the bank would not
adversely affect the interests of depositors. In existence
since November 2013, the bank started with a seed
capital of Rs. 1,000 crore. One of the key objectives of
the lender is to focus on the banking needs of women and
promote economic empowerment.
RBI asks banks to install
disabled-friendly ATMs
The Reserve Bank of India (RBI), for the benefit of
persons with disabilities, made it mandatory in May,
2014 for banks to install talking ATMs with Braille
keyboard. All new ATMs to be installed by commercial
banks from July 2014 onwards would provide audible
instructions and Braille keyboard to customers.
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
RBI to launch plastic
notes next year
Plastic currency notes would be launched in the country
in 2015 after field trials, reserve Bank of India (RBI)
governor Raghuram Rajan said in May, 2014.
RBI allows minors above
10 years to open operate
bank a/c
To boost financial inclusion, the Reserve Bank of India
(RBI) on 7 May, 2014 said that banks were at liberty to
allows minors above 10 years to independently open and
operate bank accounts only along with a parent or a
guardian. All children and teenagers below the age of 18
are considered minors under current rules.
Minimum balance Penalty
to end
In its first bi-monthly monetary policy, RBI said that
instead of levying penal charges for non-maintenance of
minimum balance in ordinary saving bank accounts,
banks should limit services available on such accounts.
Hence, while no penalty may be charged for non
maintenance of minimum balances, the services available
to a customer including account statement, several ATM
transactions, cheque books issuance and number of
withdrawals may be offered only on the payment of a
sum.
SBI sells stressed assets During the end of the last financial year, banks sold large
part of their non-performing assets (NPAs) to Asset
Reconstruction Companies (ARCs). The move, which
follows a push from the Reserve Bank of India in this
regards, is expected to boost banks profitability for the
quarter ended March 2014. State Bank of India (SBI),
Indias largest lender sold Rs. 3500 cr. of NPAs.
Govt. sets cap for MSS The Govt. of India has authorized the Reserve Bank of
India (RBI) to issue debt instruments up to a ceiling of
Rs. 50000 cr. under the market stabilization scheme
(MSS) for the fiscal 2014-15. Last year to the ceiling was
pegged at the same level.
SBI rolls out tab banking
service
State Bank of India (SBI) launched Tablet (Tab)
Banking service for opening savings bank accounts and
giving in-principle housing loan approval at the
customers doorstep. Indias largest bank also launched
e-KYC (Know your Customer) service. The three digital
banking services will be rolled out across the SBI
network in a phased manner.
WB projects 5.7 % growth
for India
The World Bank, in its latest edition of South Asia
Economic Focus projected an economic growth rate of
5.7 percent in 2014-15 for India on the back of a more
competitive exchange rate and many large investment
going forward.
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
Big loan defaulters to face
RBIs audit
The reserve Bank of India (RBI) has taken upon itself
the task of investigating bank frauds after a series of
inquiries by banks themselves in high-profile cases such
as those involving Decan Chronicle and Kingfisher
Airlines yielded very little. The Board of Financial
Supervision (BFS), chaired by RBI governor Raghuram
Rajan, has cleared a proposal that the central bnak will
conduct an independent forensic audit of corporate
declared fraudulent by banks. Independent audits,
however, will be restricted to corporate that have
borrowed that have borrowed more than Rs. 1000 cr.
The central bank will first try gen to the bottom of what
went wrong with Decan Chronicle. The Hyderabad-
based Decan Chronicle borrowed Rs. 4000 cr. From a
consortium of 18 lenders, who allege the company
misused the banning system by borrowing from one of
lenders without keeping others in the loop. Independent
forensic audit is one of the many steps taken by the RBI
to check the rise in stressed assets in the banking system.
The Reserve Bank of India granted in-principle bank
licences to Infrastructure Development Finance co
(IDFC) and microfinance lender Bandhan Financial
Services Ltd. ending a four-year process that left many
applicants including Reliance Capital and L & T Finance
disappointed. But the regulars promise of keeping a
window open permanently for bank licenses in future,
rather than inviting applications at intervals, has kept
their hopes alive. India Post should still get a license with
the regular saying it may issue one to the institutions
with the largest presence across the country after
discussions with the govt.
RBIs approval to IDFC,
Bandhan
The announcement came after the Election Commission
allowed the central bank to go ahead with the move. The
in-principle approval is valid for 18 months during
which IDFC and Bandhan will have to meet all RBI
rules to secure a permanent license and begin banking
activities. Twenty-five applicants were in the fray to get
new licenses.
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
RBI caps WMA limit for
the Government
RBI has set the upper limit for the WMA (Ways and
Means Advances) for the Central Government at Rs.
35000 cr per week for the first half of the FY 2015. If the
govt. utilizes 75 percent of WMA limit, RBI may further
activate fresh floatation of market loans.
India takes the crown of
third largest economy
from Japan
As per the data of International Comparison
Programme, India has overtaken Japan as the Worlds
third largest economy in 2011 in terms of Purchasing
Power Parity (PPP). India holds 6.4% share of global
GDP on a PPP bases. US remains in first place with
17.1% share, followed by China at 14.9%
Sun Pharma to acquire to
Ranbaxy
It has been reported that The Sun Pharmaceutical
Industries will acquire 100% of Ranbaxy Laboratories in
a $ 4 billion..The combined entity will create the fifth
largest specialist generics company in the world and the
largest pharma company in India.
India tops Global
Remittance Chart
As per world Bank report India received foreign
exchange remittances worth $ 70 billion in 2013 from its
migratory work force to retain the top spot in the world.
China, Philippines, Mexico are other countries with large
remittances from abroad.
India and US agree on
FATCA
India and the US have agreed to implement Foreign
Accounts Tax Compliance Act (FATCA), a US law that
targets tax non-compliance by US taxpayers with foreign
accounts.
P J Nayak Committee's
recommednations
The RBI panel, headed by Ex-Chairman of Axis Bank,
P.J. Nayak, in its report has recommended for diluting
the government stake in public sector banks to below
50%. As per this report Public Secotr Banks suffer from
several externally imposed constraints like dual
regulation by the RBI and the Finance Ministry, and
external vigilance by agencies such as the CVC and
CAG, among others. [However, in th budget, Finance
Minister has given hints that Government is not going to
bring the government stake below 51%]
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
NewPovertyLineby
Rangrajan
A panel headed by former Economic Advisor to Prime
Minister, C Rangrajan sets new poverty line at Rupees
32 per day in Rural areas and Rupees 47 in Urban
areas. Rangarajan also said that the number of poor in
India was higher in 2011-12 at 29.5 per cent of the
population, which means that three out of 10 persons are
poor. The Rangarajan Committee was set up last year to
review the Tendulkar Committee methodology for
estimating poverty and clear the ambiguity over the
number of poor in the country.
ICICIovertakesHDFCin
numberofemployees
Recently ICICI Bank has overtaken it HDFC in terms of
numbers of employee as ICICI has added over 10,000
employees in the last fiscal. Thus, now ICICI has
emerged as the biggest employer in the private banking
space with more than 72,000 employees.
RatingsBasedonCustomer
Services
PerformanceratingsofBanksoncustomerserviceswillbeput
inpublicdomainbyBankingCodesStandardsBoardofIndia
(BCSBI).
SEBInormsfordebtsecurities SEBI has issued new norms for public issuance of debt
securities under which such offers have to be of
minimum Rs. 100 crore, while issuers would need to
make additional disclosures and attain atleast 75 per
cent subscription.
ICICIcredit/debitcardwith
DMRC
ICICI Bank has launched co-branded card with DMRC.
It can be your credit/debit card, and offers the benefit of
10 per cent discount that the DMRC smart card offers.
IndialaunchesRuPay India recently launched its own payment gateway
RuPay, equivalent of Visa and Mastercard, which will
work on ATMs and merchant outlets it will helps in
reducing cash transactions. Note: RuPay, works on
three channels ATMs, Point of Sales (POS) and online
sales, is the seventh such payment gateway in the world.
The RuPay platform developed by National Payments
Corporation of india (NPCI) is being used by certain
banks like ICICI, State Bank of India, Punjab National
Bank, among others, for clearing and settlement. Now
G.I wants that this should be used by all PS Banks
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
Indiabecomesthirdlargest
economy
India became third largest economy in 2011 from 10
th
in
2005: World Bank. India emerged as the worlds third-
largest economy in 2011 from being the 10
th
largest in
2005, moving ahead of Japan, while the US remained the
latest economy closely followed by China, latest figures
have revealed.
SahooPanelreporton
depositoryreceiptsaccepted
Govt accepts Sahoo panel report on review of depository
receipts scheme. The key recommendations of the
committee include allowing issuance of depository
receipts against any underlying securities equity or
debt, by any issuer listed or unlisted. Depository
receipts are receipts denominated in foreign currency
created by a depository in the country of listing. There
are two popular types of depository receipts global
depository receipts and American depository receipts.
ExideLifeInsuranceCompany ING Vysya Life Insurance Company Ltd has become
Exide Life Insurance Company. The insurance company
will continue to honour its commitments and obligations
under the insurance policies issued to customers in the
name of ING Vysya Insurance Company Ltd.
Mostexpensiveeconomies Switzerland and Norway are the worlds most expensive
economies, as per World Bank report.
BaselIIItobeeffectivefrom
2019
The Basel Committee on Banking Supervision on 15
April 2014 issued Final standards for measuring and
controlling large exposures of banks to customer. These
standards will take effect from 1 January 2019. These
are popularly known as Basel III
BoIgivesbridgeloantoAir
India
Bank of India (BOI) has become the first Indian bank to
extend a bridge loan of $200 million to Air India to
finance the purchase of two Boeing 787 Dreamliner
aircraft.
Indiantopsglobal
remittances
As per World Bank report India leads global remittances
with USD 70 bn in 2013. China is second with USD 60
billion .
WTOprojections World Trade Organisation (WTO) projected that the
world trade will grow by 4.7 percent in 2014.
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
BoIlaunchesIMTscheme Bank of India (BOI) launched Instant Money Transfer
(IMT) scheme in Mumbai. This IMT scheme allows
customers to withdraw cash without using either debt
card or credit card at Bols IMT-enabled ATMs. This is
the first-of-tis-kind initiative launched by a public sector
bank.
CBIsellsitsstakeinCIBIL Central Bank of India has sold its entire stake in credit
information provider CIBIL to Transunion International
Inc. Central Bank had a 5 per cent stake in CIBIL while
Transunion is the majority shareholder in CIBIL at 27.5
per cent.
BrandAmbassadorofCanara
Bank
Canara Bank names cricketer Shikhar Dhawan as its
brand ambassador.
Fastestgrowingstate Bihar emerges as fastest growing state (15.05 per cent) in
2012-13: CSO Report.
FDratesinPostOffices
increased
Interest rate on Post Office Fds increased by up to 0.2
per cent from 8.2 percent to 8.4 percent.
PostOfficestoostartATMs Indias 1
st
post office savings bank ATM inaugurated in
Thyagaraya Nagar, Chennai.
Increaseinrateofintereston
PFdeposits
Retirement fund body EPFO decided to increase the rate
of interest on Provident Fund deposits to 8.75 percent
from 8.5 percent.
BMBandSBICardstieup Bharatiya Mahila Bank (BMB) and SBI Cards have
joined hands for roll-out of credit cards to customers of
Indias first women-focused commercial bank.
BoJandRBIexpandswap
limit
The Bank of Japan (BOJ) and RBI concluded an
agreement that expands the maximum amount of the
bilateral swap arrangement (BSA) between the two
countries to USD 50 billion. BOJ Governor is Haruhiko
Kuroda and RBI Governor Raghuram Rajan.

w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
List of Cabinet and State Ministers as on 27th May 2014

NameoftheMinister Portfolio Rank

NarendraModi Personnel,PublicGrievancesandPensions,
DepartmentofAtomicEnergy
DepartmentofSpace,Allimportantpolicyissues
andallother
portfoliosnotallocatedtoanyminister.
PrimeMinister
RajnathSingh HomeAffairs CabinetMinister
SushmaSwaraj ExternalAffairs,OverseasIndianAffairs CabinetMinister
ArunJaitley Finance,CorporateAffairs,Defence CabinetMinister
M.VenkaiahNaidu UrbanDevelopment,HousingandUrban
PovertyAlleviation,Parliamentary
Affairs
CabinetMinister
NitinGadkari RoadTransportandHighways,Shipping CabinetMinister
D.V.SadanandaGowda Railways CabinetMinister
UmaBharati WaterResources,RiverDevelopmentandGanga
Rejuvenation
CabinetMinister
NajmaA.Heptulla MinorityAffairs CabinetMinister
GopinathraoMunde RuralDevelopment,PanchayatiRaj,Drinking
WaterandSanitation
CabinetMinister
RamvilasPaswan ConsumerAffairs,FoodandPublicDistribution CabinetMinister
KalrajMishra Micro,SmallandMediumEnterprises CabinetMinister
ManekaGandhi WomenandChildDevelopment CabinetMinister
AnanthKumar ChemicalsandFertilizers CabinetMinister
RaviShankarPrasad CommunicationsandInformationTechnology,
LawandJustice
CabinetMinister
AshokGajapathiRaju
Pusapati
CivilAviation CabinetMinister
AnantGeete HeavyIndustriesandPublicEnterprises CabinetMinister
HarsimratKaurBadal FoodProcessingIndustries CabinetMinister
NarendraSinghTomar Mines,Steel,LabourandEmployment CabinetMinister
JualOram TribalAffairs CabinetMinister
RadhaMohanSingh Agriculture CabinetMinister
ThaawarChandGehlot SocialJusticeandEmpowerment CabinetMinister
SmritiIrani HumanResourceDevelopment CabinetMinister
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
HarshVardhan HealthandFamilyWelfare CabinetMinister
DharmendraPradhan PetroleumandNaturalGas(Independent
Charge)
MinisterofStates
G.M.Siddeshwara CivilAviation MinisterofStates
InderjitSinghRao Planning(IndependentCharge),Statisticsand
ProgrammeImplementation
(IndependentCharge),Defence
MinisterofStates
JitendraSingh ScienceandTechnology(IndependentCharge),
EarthSciences
(IndependentCharge),PrimeMinisterOffice,
Personnel,Public
GrievancesandPensions,DepartmentofAtomic
Energy,Departmentof
Space
MinisterofStates
KirenRijiju HomeAffairs MinisterofStates
KrishanPal RoadTransportandHighways,Shipping MinisterofStates
ManojSinha Railways MinisterofStates
MansukhbhaiDhanjibhai
Vasava
TribalAffairs MinisterofStates
Nihalchand ChemicalsandFertilizers MinisterofStates
NirmalaSitharaman CommerceandIndustry(IndependentCharge),
Finance,CorporateAffairs
MinisterofStates
P.Radhakrishnan HeavyIndustriesandPublicEnterprises MinisterofStates
PiyushGoyal Power(IndependentCharge),Coal(Independent
Charge),Newand
RenewableEnergy(IndependentCharge)
MinisterofStates
PrakashJavadekar InformationandBroadcasting(Independent
Charge),Environment,Forest
andClimateChange(IndependentCharge),
ParliamentaryAffairs
MinisterofStates
RaosahebDadaraoDanve ConsumerAffairs,FoodandPublicDistribution MinisterofStates
SanjeevKumarBalyan Agriculture,FoodProcessingIndustries MinisterofStates
SantoshKumarGangwar Textiles(IndependentCharge),Parliamentary
Affairs,WaterResources,
RiverDevelopmentandGangaRejuvenation
MinisterofStates
SarbanandaSonowal SkillDevelopment,Entrepreneurship,Youth
AffairsandSports
(IndependentCharge)
MinisterofStates
w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m
ShripadYessoNaik Culture(IndependentCharge),Tourism
(IndependentCharge)
MinisterofStates
SudarshanBhagat SocialJusticeandEmpowerment MinisterofStates
UpendraKushwaha RuralDevelopment,PanchayatiRaj,Drinking
WaterandSanitation
MinisterofStates
V.K.Singh DevelopmentofNorthEasternRegion
(IndependentCharge),External
Affairs,OverseasIndianAffairs
MinisterofStates
VishnuDeoSai Mines,Steel,LabourandEmployment MinisterofStates

w
w
w
.
B
e
s
t
G
u
r
u
.
c
o
m