Banking and Financial Awareness
English
1) Who is poised to become the first woman to head the US Federal Reserve, which is the central bank of the United States? - Janet Yellen (Yellen was nominated to head US Federal 31 January, 2014)
2) The Reserve Bank of India (RBI) during October, 2013 constituted a committee to examine the feasibility of encrypted SMS-based fund transfers so as to boost mobile banking in the country. Who will head this committee? - B. Sambamurthy, Director, Institute for Development and Research in Banking Technology (IDRBT) - The committee will study challenges faced by banks in mobile banking. It will consider the advantages/ challenges of having a single application across all handsets in an SMS-encrypted environment. The committee will also look at any other solution to expand the reach of mobile banking and accordingly, draw a roadmap to implement those solutions)
3) The Union Government on 7 October, 2013 cleared the elevation of Arundhati Bhattacharya as the new Chairperson of SBI. Consequently she became the first woman to head SBI, which is India’s largest commercial bank of India. Bhattacharya became the ……… head of SBI – 24th (She succeeded Pratip Chaudhuri, who retired on 30 September, 2013. Her tenure will be of around two and a half years)
4) Which corporate company on 14 October, 2013 became the first Indian corporate to achieve sales of more than Rs 1,00,000 crore in a quarter? – Reliance Industries Limited (RIL) - RIL’s turnover or sales soared 14.2% to Rs 1,06,523 crore during the second quarter (July-September) of 2013-14. Company’s net profit for the quarter stood at Rs. Rs 5,490 crore, up 1.5% from Rs. 5,409 crore a year earlier)
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