President of India Election

BACKGROUND MATERIAL REGARDING PRESIDENTIAL ELECTION- 2017

The term of office of the present President of India is upto 24th July, 2017. Thus an election is due to be held for electing a new President before the 24th July, 2017. Under the provisions of sub-section (3) of section 4 of the Presidential and Vice-Presidential Elections Act, 1952, the notification under sub-section (1) of section 4 of the said Act calling the election can be issued by the Election Commission on or after the sixtieth day before the expiry of the term of office of outgoing President. That is, the notification containing the programme of election to the office of the President can be issued by the Election Commission on any day after 25th May, 2017

CONSTITUTIONAL PROVISIONS: -
2. The President of India is elected by the Members of an Electoral College consisting of (a) the elected members of both Houses of Parliament and (b) the elected members of the Legislative Assemblies of the States [including National Capital Territory of Delhi and the Union Territory of Puducherry vide the Constitution (Seventieth Amendment) Act, 1992] (Article 54). The members nominated to either House of Parliament or the Legislative Assemblies of State including NCT of Delhi and Union Territory of Puducherry are not eligible to be included in the Electoral College.

3. Vide Section 2 of the Constitution (Seventieth Amendment) Act, 1992, an amendment was made to the EXPLANATION below article 54 of the Constitution. The amended Explanation is as under: - “Explanation – In this Article and in Article 55 “State” includes the National Capital Territory of Delhi and the Union Territory of Puducherry”. It came into force w.e.f. 1st June 1995, by the notification G.S.R. No. 375(E) dated 2nd May 1995 issued by Ministry of Law and Justice, New Delhi.

46. The Constitution (Eighty-fourth) Amendment Act, 2001 provides that until the relevant population figures for the first census to be taken after the year 2026 have been published, the population of the States for the purposes of calculation of value of votes for the Presidential Election shall mean the population as ascertained at the 1971-census. Thus, the Electoral College for the ensuing Presidential Election shall now consist of (a) the elected members of both Houses of Parliament, and (b) the elected members of the Legislative Assemblies of the States including NCT of Delhi and Union Territory of Puducherry.

5. The Constitution also stipulates that there shall be uniformity, as far as practicable, in the scale of representation of the different States at the election (Article 55). For securing such uniformity among the States inter-se as well as parity between the States as a whole and the Union, a formula based on the population of each State

ILLUSTRATION
Total population of Andhra Pradesh (1971 census) : 2,78,00,586
Total No of elective seats in the State Assembly : 175
No. of votes for each member : 2,78,00,586
1000×175 = 158.8605 = 159 is given in the Constitution for determination of the value of vote which each elected Member of Parliament and of the Legislative Assembly of each State is entitled to cast.


7. Total Value of votes of all members of each State Assembly is worked out by multiplying the number of elective seats in the Assembly by the number of votes for each member, e.g., 175x159=27,825 for Andhra Pradesh. The total value of votes of all the States added together is divided by the total number of elected members of Parliament (Lok Sabha 543 + Rajya Sabha 233) to get the value of votes per each Member of Parliament.

8. A statement showing the value of votes of each Member of the Legislative Assemblies of 29 States, NCT of Delhi and the Union Territory of Puducherry, total value of votes of each of the said States, the value of votes of each Member of Parliament, the total value of votes of the MPs and the grand total of value of all the members in the List of Electoral College for the Presidential Election, 2017 may be seen at APPENDIX-I.

 9. The election shall be held in accordance with the system ofProportional Representation by means of the single transferable vote and the voting at such election shall be by secret ballot.

(A) VALUE OF EACH VOTE OF MEMBERS OF PARLIAMENT
 TOTAL MEMBERS LOK SABHA (543) + RAJYA SABHA (233) = 776

5,49,495   /   776   =708

VALUE OF EACH VOTE =

(B) TOTAL VALUE OF VOTES OF 776 MEMBERS OF PARLIAMENT = 708 ×776 = 5,49,408

(C) TOTAL ELECTORS FOR THE PRESIDENTIAL ELECTION = MLAs (4120) + M.Ps (776) = 4896

(D) TOTAL VALUE OF VOTES OF 4896 ELECTORS FOR THE PRESIDENTIAL ELECTION 2017 = 5,49,495 + 5,49,408 = 10,98,903



TOTAL ELECTORS

The total number of members in the Electoral College for the Presidential election in 2017 is 4896, as detailed below:

HOUSE SEATS (a) Rajya Sabha 233
                           (b) Lok Sabha 543
                           (c) State Assemblies 4120
                                              Total 4896







VALUE OF VOTES



The value of vote of each elector is pre-determined as may be seen from the Statement at APPENDIX-I. For example, the value of vote of each Member of Parliament is 708. The value of vote of each Member of the Legislative Assembly of Uttar Pradesh is 208 and that of Sikkim is 7. Thus, the value of votes for the Members of each Legislative Assembly varies. These values of each vote are indicated on each ballot paper, printed State-wise separately and for the Parliament.

While counting the votes, the Returning Officer counts the votes State wise in so far as the votes are cast by the members of each Legislative Assembly, and in one lot that of Members of Parliament.

ELIGIBILITY FOR ELECTION

 No person shall be eligible for election as President unless he -
 (1) is a citizen of India;
 (2) has completed the age of 35 years; and
 (3) is qualified for election as a member of the House of the People (Article 58).


A person shall not be eligible for election as President if he holds any office of profit under the Government of India or the Government of any State or under any Local or other Authority subject to the control of any of the State Governments.


However, a person shall not be deemed to hold any office of profit by reason only that he is the President or Vice-President of the Union or the Governor of any State or is a Minister either for the Union or for any State.

Detailed provisions regarding the election are contained in the Presidential and VicePresidential Elections Act, 1952 (No.31 of 1952) and the rules made thereunder, viz., “The Presidential and Vice-Presidential Elections Rules, 1974”.

OBJECTIVE QUESTIONS BASED ON INDIAN ECONOMY

OBJECTIVE QUESTIONS BASED ON INDIAN ECONOMY

                                                                                                                                                Praturi Potayya Sarma

1) ‘Mission Fingerling’ is relating to which revolution  ?

a) White Revolution

b) Blue Revolution ( Fisheries)

c) Green Revolution

d) Yellow Revolution

Ans :b

2)  Non – Performing Assets ( NPAs) of public sector banks soared to how much as per Chairman, Public Accounts Committee ?  ( Rs. In Lakh Crores) 

a) 6.8

b) 2.5

c) 3.0

d) 2.9

Ans :a

3) Coming in support of weak and non-performing public sector banks (PSBs), the Finance Ministry has chalked out a turnaround-linked Rs.8,586 Cr. Capital infusion plan for 10 PSBs. Which bank will highest amount ?

a) IDBI Bank

b) United Bank of India

c) Allahabad Bank

d) Bank of Maharastra

Ans :a

4) Who will be the next Chairman of Public Accounts  Committee (PAC) ?

a) Mallikarjun Kharge

b)Amitabh Kanth

c) Sachin Tendulkar

d) Lata Mangeshkar

Ans :a

5)  Under  Foreign Exchange Management Act, 1999 which remittances are prohibited ?

a) Remittance of income from racing/riding etc. or any other hobby.

b)Remittance for purchase of lottery tickets, banned /proscribed magazines, football pools, sweepstakes, etc.

c)Payment of commission on exports made towards equity investment in Joint Ventures / Wholly Owned Subsidiaries abroad of Indian companies. & participation in lottery schemes

d) All the above

Ans : d

6) Fraudsters are seeking money from gullible people, under different heads, such as_____________. The victims of the fraud have also been persuaded to deposit the amount in accounts with banks in India, and such amounts have been withdrawn immediately. Multiple accounts are being opened in the name of individuals or proprietary concerns, at different bank branches for collecting the transaction charges, etc. AD Category - I banks must, therefore, exercise due caution and to be extra vigilant while opening or allowing transactions in such accounts.

a) processing fees

b) transaction fees

c) tax clearance charges, conversion charges, clearing fees, etc. 

d) All the above

Ans : d

7) The index for eight core industries registered 4.8 per cent growth in 2016-17 (April-January). Core Sector comprises of which of the following ?

a)  crude oil, natural gas, petroleum refinery products,

b) coal, electricity,

c) cement, steel, and  fertilizers

d) All the above

Ans : d

8) India’s external sector position has been comfortable, with the CAD progressively contracting from US$ 88.2 billion (4.8 per cent of GDP) in 2012-13 to US$ 22.2 billion (1.1 per cent of GDP) in 2015-16. Expand CAD ?

a) Current Account Deficit

b) Capital Account Debt

c) Cash Account Debit

d) Clean Account Debit

Ans : a

9)  Great Trigonometric Survey was conducted in  1802. Computation of height of Mount Everest was completed in which year by Survey of India. Survey of India completed 250 years ?  

a) 1849

b) 1947

c) 1954

d) 1948

Ans : a

10) An Udyami Mitra portal has been set up to leverage IT architecture of Stand-Up Mitra portal which aims at instilling ease of access to _________________

a) MSMEs’ financial and non-financial service needs

b) rural development

c) urban development

d) Self Help Groups

Ans : a

11) What is  Balance of Payments (BoP) ?

a) It is  a statistical statement that summarises economic transactions between residents and non-residents during a specific time period. 

b) payments made to hotels

c) payments made to drivers

d) payments made to bus owners

Ans :a

12) The BoP  includes which  transactions ?

a) transactions in goods, services and income between an economy and the rest of the world

b) changes of ownership and other changes in that economy’s monetary gold, special drawing rights (SDRs), and financial claims on and liabilities to the rest of the world

c) unrequited transfers

d) All the above

Ans :d

13) Who is a Banking Ombudsman?

a) The Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redress customer complaints against deficiency in certain banking services.

b) Business man

c) Lawyer

d) Minister

Ans :a

14) GST implementation challenges should be addressed through a robust dispute resolution mechanism; with the goods and services tax network (GSTN) expected to provide __________

a) the necessary information technology (IT) infrastructure to all stakeholders.

b) money exchnage

c) bullion exchange

d) foreign exchange

Ans :a

15)  What is  RNR ?

a) Revenue Neutral Rate

b) “RNR refer to a single rate, which preserves revenue at desired (current) levels

c) The RNR is different from the “Standard Rate” which is defined as the rate applicable

d) on goods and services, taxation is not clearly stated. Hence, it is. & All the above

Ans : d

16) The GST is a destination-based single tax on the supply of goods and services from the manufacturer to the consumer and is one  indirect tax for the entire country. GST will replace  which of the following  multiple taxes ?

a) central value added tax (CENVAT),

b) central sales tax,

c) state sales tax  & octroi

d) All the above

Ans :d

17) What is Bharat Bill Payment System (BBPS)?

a) Bharat Bill Payment System (BBPS) is an integrated bill payment system which will offer interoperable bill payment service to customers online as well as through a network of agents on the ground

b)  The system will provide multiple payment modes and instant confirmation of payment.

c) Both (a) & (b)

d) It is a machine

Ans : c

18) What is Gross Value Added (GVA) ?

a) Gross value added of a sector is defined as the value of output less the value of its intermediate inputs.

b) Value added created by a sector is shared between labour compensation and capital compensation. 

c) Both (a) & (b)

d) It is instalment amount

Ans : c

19)  “Poverty anywhere is a threat to prosperity everywhere”. Where it was declared ?

a) League of Nations

b) This was a very important declaration by the International Labor Organization in their convention held at Philadelphia in the year 1944, which had a very significant and remarkable sentence.

c) United Nations

d) USSR

Ans : b

20)  What is UPI?

a)Unified Payments Interface (UPI). It is an instant payment system developed by the National Payments Corporation of India (NPCI), an RBI regulated entity.

b) UPI is built over the IMPS infrastructure and allows you to instantly transfer money between any two parties' bank accounts

c)  Both (a) and (b)

d) Internet chatting

Ans : c

The Union Agriculture & Farmers Welfare Minister, Shri Radha Mohan Singh has said that the milk production has recorded a growth rate of 6.28% during last two years 2014-15 and 2015-16, which is much higher than the growth rate of around 4% in the previous years. Shri Radha Mohan Singh further stated that per capita availability of milk increased from 307 gram per day in 2013-14 to 340 grams per day in 2015-16, a growth of 5% which was below 3% before 2014-15. This was stated by Agriculture Minister during the National Milk Day Celebration in New Delhi today. National Milk Day is celebrated in India on the birth anniversary of Dr. Verghese Kurien, the Father of White Revolution. The Minister of State for Agriculture & farmers Welfare, Shri Sudarshan Bhagat, Scientist and officers of the Department of Animal Husbandry, Dairying & Fisheries, Department of Agriculture & Cooperation, ICAR and representative of Milk Federations from across the country were present on the occasion.

Agriculture Minister informed that for the first time in the world under the scheme National Mission on Bovine Productivity ‘e-pashuhaat’ portal has been developed for connecting breeders and farmers regarding availability of bovine germplasm.  Through the portal breeders /farmers can sell and purchase breeding stock, information on all forms of germplasm including semen, embryos and live animals with all the agencies and stake holders in the country has been uploaded on the portal.  Through this portal, farmers will be aware about the availability of quality disease free bovine germplasm with different agencies in the country.  The portal will lead to propagation of high genetic merit germplasm . 

Shri Singh mentioned that Dr. Kurien’s contribution in organizing the dairy farmers in the form of cooperatives is well known. The Union Minister stated that India is world leader in milk production since last 15 year and credit of making India as world leader in milk production goes to small producers. Shri Singh further said that lot of work is to be done in the sector in order to make available sufficient nutrition and milk to every child in the country. Agriculture Minister informed that India with 190.90 million cattle (as per 19th Livestock Census 2012) has 13 % of the world cattle population. Out of this, 151 million are indigenous, which is 80% of the total cattle population.  Country with 108.7 million buffaloes has 57% of the world buffalo population. Country is number one in bovine population having 18% of the world population and contributing 20% of the total milk produced in the world.

Shri Radha Mohan Singh mentioned that to increase productivity of indigenous cattle population the allocation for development and conservation of indigenous breeds has been increased by many fold from Rs 45 crores in 2013 to Rs 582 crores.  “Rashtriya Goukul Mission”, a new initiative under National Programme for Bovine Breeding and Dairy Development has been launched for the first time in the country, with a view to conserve and develop indigenous bovine breeds. The mission also envisages establishment of integrated cattle development centres ‘Gokul Grams to develop indigenous breeds including upto 40% nondescript breeds.  Till date projects from 27 States have been approved with an allocation of Rs 582.09 crore and out of this an amount of Rs   216.54 crores has been released to the States for implementation. Establishment of 14 Gokul grams have been sanctioned under the scheme with an outlay of Rs 129 crores. Two “National Kamdhenu Breeding Centres” are being Centre of Excellence to develop and conserve Indigenous Breeds in a holistic and scientific manner. The National Kamdhenu Breeding Centre, besides being a repository of indigenous germplasm, will also be a source of Certified Genetics in the Country. An amount of Rs 25 crore each has been released.

Shri Singh mentioned that indigenous breeds besides being heat tolerant and resistant to diseases our indigenous breeds of cows are known to produce A2 type milk which protects us from various chronic health problems such as Cardio Vascular Diseases, Diabetes and neurological disorders besides providing several other health benefits.  There is a need to market A2A2 milk separately in the country. Amount of Rs 2 crore each has been sanctioned to Odisha and Karnataka for marketing of A2A2 Milk of our indigenous breeds. Agriculture Minister mentioned that the milk federations of the country to market A2A2 milk separately for benefits of consumers and poor farmers rearing indigenous cattle.

Shri Radha Mohan Singh said that to meet ever growing demand of milk and to make milk production more remunerative to the farmers Government has initiated new scheme National Mission on Bovine Productivity with an allocation of Rs 825.00 crores.as a Centre of Excellence to develop and conserve Indigenous Breeds in a holistic and scientific manner. The National Kamdhenu Breeding Centre, besides being a repository of indigenous germplasm, will also be a source of Certified Genetics in the Country. An amount of Rs 25 crore each has been released.

Shri Singh mentioned that indigenous breeds besides being heat tolerant and resistant to diseases our indigenous breeds of cows are known to produce A2 type milk which protects us from various chronic health problems such as Cardio Vascular Diseases, Diabetes and neurological disorders besides providing several other health benefits.  There is a need to market A2A2 milk separately in the country. Amount of Rs 2 crore each has been sanctioned to Odisha and Karnataka for marketing of A2A2 Milk of our indigenous breeds. Agriculture Minister mentioned that the milk federations of the country to market A2A2 milk separately for benefits of consumers and poor farmers rearing indigenous cattle.

Shri Radha Mohan Singh said that to meet ever growing demand of milk and to make milk production more remunerative to the farmers Government has initiated new scheme National Mission on Bovine Productivity with an allocation of Rs 825.00 crores.

Civils Interiew Questions 2017

శిఖరప్రాయమైన సివిల్స్‌లో ముఖ్యంగా అభ్యర్థుల ఎంపికలో ఇంటర్వ్యూ కీలకమైనది. అభ్యర్థి బహుముఖ ప్రజ్ఞాపాఠవాలను, వ్యక్తిత్వాన్ని పరీక్షించేందుకు ఇంటర్వ్యూను ఉద్దేశించారు. సివిల్స్‌ సీనియర్‌ అధికారులకు తోడు ఆయా రంగాల్లో నిష్ణాతులైన వ్యక్తులు ఈ ఇంటర్వ్యూలో పాలుపంచుకుంటారు. అభ్యర్థి నేపథ్యం, హాబీలు తదితరాలను దృష్టిలో పెట్టుకొని ప్రశ్నిస్తారు. అభ్యర్థులు చెప్పే జవాబులను బట్టి అత్యంత ప్రాధాన్యం కలిగిన సివిల్‌ సర్వీసులకు వారు ఎంతవరకు అర్హులో నిగ్గుతేలుస్తారు. ఇంటర్వ్యూల తీరూతెన్ను తెలుసుకొనేందుకు ఉపకరిస్తాయన్న అభిప్రాయంతో ఈ ఏడాది సివిల్స్‌లో 22వ ర్యాంకు సాధించిన ముజామిల్‌ఖాన్‌ ఇంటర్వ్యూ మీకోసం...

 

బోర్డ్‌ ఛైర్మన్‌ ఇతర సభ్యులకు అభివాదాల తరవాత ఛైర్మన్‌ ప్రశ్నించడం ఆరంభించారు. వార్మ్‌హోల్‌, క్వాంటమ్‌ పిజిక్స్‌పై మళ్ళీ అందులో భారత స్థానం తదితరాలపై అడిగారు. చేతులు ఉపయోగించి సమాధానాలు చెప్పనా అని అడిగితే. అవసరమైతే పేపర్‌ కూడా ఇస్తామని చెప్పారు. నేను ఆయా ప్రశ్నలకు వివరంగా ఛైర్మన్‌ అంగీకారం తెలిపే స్థాయిలో జవాబిచ్చాను. తదుపరి ప్రశ్నలు అడిగే అవకాశాన్ని మెంబర్‌కు ఛైర్మన్‌ కల్పించారు.

 

మెంబర్‌: మీరు తెలంగాణ నుంచి వచ్చారు కదా... ఉద్యమం తరవాత పరిస్థితులు ఎలా ఉన్నాయి?

జ: అప్పటి నుంచి కచ్చితమైన ఎదుగుదల కనిపిస్తోంది. అగ్రికల్చర్‌, ఇరిగేషన్‌, ఎలక్ట్రిసిటీ, సంక్షేమ పథకాలు వాటిలో కొన్ని. వ్యతిరేక అంశాలు కూడా ఉన్నాయి. నిరుద్యోగం ఆరు శాతం ఉంది. ఇది నా వ్యక్తిగత అభిప్రాయం. రాజకీయంగా చూస్తే పూర్తిగా గుత్తాధిపత్యం కనిపిస్తోంది. మొత్తానికి ప్రస్తుత ప్రభుత్వం చాలా బాగా పనిచేస్తోంది. అయితే సరైన ప్రతిపక్షం లేకుంటే భవిష్యత్తులో అది అధికారంలో ఉన్న వారికి గర్వం ఎక్కువయ్యేలా చేస్తుందని అనుకుంటున్నాను.

 

మెంబర్‌: ఉదయం నాలుగు గంటల నుంచే కోచింగ్‌ క్లాసులకు మీ రాష్ట్రం కేంద్రం కదా! దానిపై అభిప్రాయం ఏమిటి?

జ: నేను కూడా అలాంటి ఒక ఇన్‌స్టిట్యూట్‌ నుంచి వచ్చిన వాడినే. అయితే అక్కడి టీచింగ్‌ పద్ధతిని నేనూ వ్యతిరేకిస్తున్నాను. సంకుచితత్వానికి దారితీసేలా ఉంటుంది. అది తెలివితేటలు పెరిగేందుకు ఉపకరించదు.

 

మెంబర్‌: ఆ సిస్టమ్‌పై నీ విమర్శ ఏమిటి?

జ: (ఒక సెకను ఆగి) అటు పేరెంట్స్‌ని, ఇటు పిల్లలను భయపెట్టేలా వ్యవస్థ ఉంది. లెర్నింగ్‌ ఆగిపోయింది. అంతా సమాచారమే మిగులుతోంది. (మెంబర్‌ చిరునవ్వు చిందించారు)

 

మరో మెంబర్‌: రైల్వేలో కొత్తగా ఏర్పాటు చేసిన తొమ్మిదో జోన్‌పై చెప్పండి...

(నాకు తెలియదు అనగానే గెస్‌ చేయమన్నారు. రైల్వేలో తను పనిచేసిన విభాగాన్ని ఉద్దేశించి అడిగారు. ఆ విభాగం ఒంటిరిగా ఉంటుందని, అది రైల్వేలో పనిని నిరోధిస్తోందని అన్నారు. అయితే రెండో అభిప్రాయంతో నేను అంగీకరించలేదు. అలా ఆ విభాగంపై కొంత లోతైన చర్చ జరిగింది.)

 

ప్ర: సబ్సిడీ నుంచి ఏ ఐటెమ్‌ తొలగించాలంటారు?

జ: కిరోసిన్‌ సార్‌

 

ప్ర: (నవ్వుతూనే) ఎందుకు?

జ: ఆధునిక సమాజంలో కిరోసిన్‌కు చోటు లేదు. అదో డర్టీ ఫ్యూయల్‌

 

ప్ర: సబ్సిడీలు మంచివా, కాదా?

జ: రెండు కోణాలు ఉన్నాయండి. ఆయా వస్తువుల డెలివరీ ఎవరికి అన్న దానిపై ఆధారపడి ఉంటుంది.

 

రెండో మెంబర్‌: ఇప్పటికే దానిపై కొంత చొరవ తీసుకున్నట్టు ఉంది....

జ: ఆధార్‌తో అనుసంధానం చేశారనుకోండి. అదే వేరే ఇష్యూ.

 

మరో మెంబర్‌: కమ్యూనికేషన్‌ కోసం జియోస్టేషనరీ ఉపగ్రహాలు అవసరమా?

(24* 7 కమ్యూనికేషన్‌ కోసం అది ఉపకరిస్తుంది సర్‌. ఇదే సందర్భంలో ఫైబర్‌ ఆప్టిక్‌ కేబుల్‌ ప్రిన్సిపల్స్‌, వాటిని కొండ ప్రాంతాల్లో ఏర్పాటు, వీశాట్‌ టెక్నాలజీ తదితరాలపై అడిగిన వాటికి సంక్షిప్తంగా జవాబులు చెప్పాను.)

నాలుగో మెంబర్‌: మీరు గతంలో బ్యాంకులో పని చేశారు కదా?

(అవునండి అని చెప్పగానే సహకార బ్యాంకుల ఫంక్షనింగ్‌పై ప్రశ్నించారు)

జ: ఫైనాన్షియల్‌ ఇంక్లూజన్‌లో భాగంగా వాటి ఉనికి చాలా అవసరం. 1980 నుంచే అవి స్థంభించాయి.

 

మెంబర్‌: మీరు చెప్పింది కరెక్ట్‌. బ్యాంకింగ్‌ను మీరు ఎలా చూడాలని అనుకుంటున్నారు.

జ: బ్యాంకింగ్‌ రంగం చాలా కీలకం. అయితే అవి మరింత ముందుకు కదలాలంటే మరిన్ని చర్యలు అవసరం. బ్యాంకింగ్‌ కరస్పాండెంట్‌ మోడల్‌ని ఉపయోగించాలి. మొబైల్‌ టెక్నాలజీని కూడా ఉపయోగిస్తే ఫైనాన్షియల్‌ ఇంక్లూజన్‌ సాధించవచ్చు.

 

మెంబర్‌: ఎవల్యూషన్‌ తప్పనిసరి అంటారు. యంత్రాల మాదిరిగా మానవ శరీరంలో మార్పులు రావటం లేదు...

జ: ఎవల్యూషన్‌ అనేది నిరంతర ప్రక్రియ. అదే మనిషి శరీరంలోని కండరాల విషయానికి వస్తే, వయసుతో వాటి శక్తి తగ్గుతుంది.

 

రేపు మనం మరో జాతి కావచ్చు. ఉదాహరణకు ఇప్పటి నాచేయి స్థానంలో యంత్రాన్ని అమర్చితే ఇప్పటికంటే 50 రెట్లు ఎక్కువ బరువు మోయవచ్చు. ఇదంతా బయలాజకల్‌ పాయింట్‌లో అభిప్రాయమే. మానవాతీతం అంటే ఇదే. ఇది లాజికల్‌గా కరెక్ట్‌ కావచ్చు. అయితే ఈ పరిణామక్రమాన్ని నేను అంగీకరించను.

(ప్రశ్నించిన సభ్యుడు పెద్దపెట్టున నవ్వారు. తరవాత కృతజ్ఞతలు చెప్పి బైటకు వచ్చాను)

The new Keynesian Philips curve is a modified version of Phillips curve introduced by Philips in which year ?

BANKING KNOWLEDGE / FINANCIAL AWARENESS

1) Who can set data standards banking sector ?

a) Large banks in commercial

b) large banks in  mortgage lending, and

c) large NBFCs and micro-finance institutions in rural and

d) MSME lending

e) All the above

Ans: e

2) What is ‘FX Global Code’ ? 

a) It is a single global code of conduct for the wholesale foreign exchange (FX) market.

b) The publication of this code  welcomed by The Bank of Korea (BOK), the Hong Kong Monetary Authority (HKMA), the Monetary Authority of Singapore (MAS), the Reserve Bank of Australia (RBA) and the Reserve Bank of India (RBI) 

c) The Code is developed through a collaborative process between the Bank for International Settlements’ (BIS) Foreign Exchange Working Group¹ and private sector market participants.

d) The Code sets out principles that promote a robust, fair, liquid, open and appropriately transparent market, underpinned by high ethical standards. The Code is voluntary and applies to wholesale FX market participants.

e) All the above

Ans : e

3) Phillips curve framework was the basic theoretical premise to examine how shocks affect which of the following ?

a) inflation

b) unemployment

c) depression

d) interest

e) None of these

Ans : a

4) Which monsoon has always played a vital role in India in determining inflation trajectory over the years ?

a) North – East

b) south-west

c) North - West

d) South East

e) None of these

Ans : b

5) The new Keynesian Philips curve is a modified version of Phillips curve introduced by Philips in which year ?

a) 1939

b) 1958

c) 1934

d) 1939

e) None of these

Ans : b

6) The P-star approach, first proposed by Hallman et al. (1991), is based on the quantity theory of money. Under this approach, the short run fluctuations in inflation are attributed to the determinants of long run equilibrium price. Theoretically, the long run equilibrium price is determined by current money supply, potential income and the equilibrium velocity. What is  P* (P-Star) ?

a) price

b) equilibrium price

c) power

d) people

e) None of these

Ans : b

7) Preamble to the Reserve Bank of India Act 1934 specifies the central bank’s objective as regulating “the issue of Bank notes and the keeping of reserves with a view to securing monetary stability in India …” Thus currency management, which was originally the _________ of a central bank, still continues to be one of its major functions.

a) primary function

b) secondary function

c) last function

d) not an important function

e) None of these

Ans : a

8)  EFT-PoS  reduces  which of the following ? (The impact of ATMs on currency demand is ambiguous )

a) currency demand

b) supply of material

c) unemployment

d) economic growth

e) None of these

Ans : a

9) Among the important determinants of the demand for currency,  which of  the following deserve special attention ?

a) volume of transactions demand arising in the formal economy

b) transactions demand arising from the underground economy

c) precautionary, prudential and speculative demand; (iv) the type and pace of financial innovation

d) use by other countries (in case of India, primarily Nepal and Bhutan

e) All the above

Ans : e

10) Rs.500 denomination notes quickly emerged as the second most important denomination since 1998-99 and replaced Rs.100 denomination as the most important denomination in 2003-04. Its share in value among all denominations peaked at _____ per cent in 2010-11.

a) 47

b) 50

c) 60

d) 70

e) None of these

Ans :a

11) Currency in circulation is the sum of which of the following ?

a) notes in circulation which is the principal liability of the Reserve Bank under Section 22 of the Reserve Bank of India Act, 1934

b) government’s currency liabilities to the public comprising rupee coins and small coins.

c) Both (a) & (b)

d) Gold

e) Silver

Ans : c

12) Rs.1000 and notes of higher denomination were demonetised in ______, since higher denomination notes were being used for hoarding purposes and for carrying out illegal transactions, generating black income and wealth.

a) 1978

b) 1947

c) 1961

d) 1964

e) None of these

Ans : a

13) Liberalised Exchange Rate Management System (LERMS) was put in place in _______  involving the dual exchange rate system in the interim period. The dual exchange rate system was replaced by a unified exchange rate system in March 1993. 

a) March, 1992

b) 1966

c) 1969

d) 1971

e) None of these

Ans : a

14)  India’s exchange rate policy has seen a shift from a par value system to a basket-peg and further to a managed float exchange rate system.

a) During the period 1947 till 1971, India followed the par value system of the exchange rate whereby the rupee’s external par value was fixed at 4.15 grains of fine gold

b) With the breakdown of the Bretton Woods System, in December 1971, the rupee was linked with pound sterling.

c)  In order to overcome the weaknesses associated with a single currency peg and to ensure stability of the exchange rate, the rupee, with effect from September 1975, was pegged to a basket of currencie

d) All the above

e) None of these

Ans : d

15) The devaluation of the rupee in September 1949 and June 1966 in terms of ______ resulted in the reduction of the par value of rupee in terms of gold to 2.88 and 1.83 grains of fine gold, respectively. 

a) Gold

b) Silver

c) Copper

d) Bronze

e) None of these

Ans : a

16) By the late ‘eighties and the early ‘nineties in India, it was recognised that both macroeconomic policy and structural factors had contributed to balance of payment difficulties. The Current Account Deficit (CAD) widened to 3.0 per cent of GDP in 1990-91 and the foreign currency assets depleted to less than a billion dollar by_________ .

a) June 1, 2010

b) July 1991

c) 1969

d) 1980

e) None of these

Ans : b

17) The Indian foreign exchange market is a decentralised multiple dealership market comprising two segments – the spot and the derivatives market. In a spot transaction, currencies are traded at the prevailing rates and the settlement or value date is two business days ahead. The two-day period gives adequate time for the parties to send instructions to debit and credit the appropriate bank accounts at home and abroad. The derivatives market encompasses which of the following ?

a) forwards

b) swaps

c) options

d) All the above

e) None of these

Ans : d

18) ABN AMRO Bank Headquarter located in which of the country country ?

a) Netherlands

b) USA

c) France

d) Switerland

e) Japan

Ans : a

19) Dishonour of cheque for insufficiency of funds in the bank account, deal with under which section ?

a) Section 138

b) Section 151

c) Section 160

d) Section 170

e) None of these

Ans : a

20) In United Kingdom ‘ merchant banking’ institutions are referred to as ?

a) Investments Banks

b) Commercial Banks

c) Industrial banks

d) Development Banks

e) None of these

Ans : a

21) Indradhanush 2.0 related with ?

a) SHG

b) recapitalization of PSBs

c) Insurance

d) PF

e) Pension Schemes

Ans : b

22) LIME app is launched by which of the following Bank ?

a) SBI

b) UCO Bank

c) Axis Bank

d) ICICI Bank

e) Yes Bank

Ans : c

23) What does CNP stand for ?

a) Card Not Present

b) Call Not Present

c) Cash Not Present

d) Card Net Present

e) None of these

Ans : a

24) What is BBPS in NPCI ?

a) Bharat Bill Payment System

b) Bharat Base Payment System

c) Bharat Bill Paid System

d) Bharat Best Payment System

e) None of these

Ans : a

25) What is the full form of APBS ?

a) Aadhar Payments Bridge System

b) Aadhar Payment Best System

c) Aadhar Payment Bill System

d) Aadhar Paise Best System

e) None of these

Ans : a

26) What VPA stands for in UPI ?

a) Virtual Payment Address

b) Value Payment Address

c) Vote Payment Address

d) Voice Payment Address

e) None of these

Ans : a

27) What is the size of Rs.2000 ?

a) 160 mm * 60 mm

b) 166 mm * 66 mm

c) 170 mm * 60 mm

d) 180 mm * 60 mm

e) None of these

Ans : b

28) What does R stand for in the expansion of MUDRA ?

a) Rural

b) Relevant

c) Re-finance

d) Reliance

e) None of these

Ans : c

29) What does D stand for in the expansion of RIDF ?

a) Debt

b) Deep

c) Development

d) Draft

e) None of these

Ans : c

30) 100% government equity payment bank ?

a) Bandhan Bank

b) IDFC Bank

c) India Post Payment Bank

d) Yes Bank

e) None of these

Ans : c

31) What is full form of AEPS ?

a) Aadhar Enabled Payment System

b) Aadhar Estate Payment System

c) Aadhar Equity Payment System

d) Aadhar Enquiry Payment System

e) None of these

Ans : a

32) PCA stands for ?

a) Prompt Corrective Action (RBI)

b) Payment Corrective Action

c) Past Corrective Action

d) Present Correct Action

e) None of these

Ans : a

33) RBI nationalized in  which year ?

a) 1935

b) 1949

c) 1934

d) 1969

e) 1980

Ans : b

34) Authorised Capital of NABARD will be  increased from Rs. 5000 Crores to ____?  

a) Rs. 25,000 Crores

b) Rs 30,000 crore 

c) Rs.20,000 Crores

d) Rs.15,000 Crores

e) None of these

Ans : b

35) Maximum limit of loan under PMMY?

a) Rs 10 lakh 

b) Rs.20 Lakhs

c) Rs.25 Lakhs

d) Rs.15 Lakhs

e) None of these

Ans : a

36) Micro Industry investment limit in manufacturing is how much ?

a) Rs.5 Lakhs

b) Rs 25 lakh 

c) Rs.2 Lakhs

d) Rs.One Lakh

e) None of these

Ans : b

37) Banker’s lien comes under which act?- 

a) Indian Contract Act 1872

b) Negotiable Instrument Act

c) ID Act

d) Factories Act

e) Trade Union Act

Ans : a

38) Which of the following is a  Fully digital and paperless bank ?

a) Airtel Payment Bank

b)  SBI

c) Indian Bank

d) Indian Overseas Bank

e) None of these

Ans : a

39) Airtel Payment Bank is joint venture with ?

a) Kotak Mahindra Bank Ltd.

b) ICICI Bank

c) HDFC Bank

d) Axis Bank

e) None of these

Ans : a

40) Number of customers in SBI after Merger?

a) 50 Crore (as per SBI website)

b) 25 Crores

c) 10 Crores

d) 5 Cores

e) None of these

Ans : a