Global giant Deutsche Boerse has decided to expand its strategic partnership with BSE thus allow market participants in Hong Kong and Singapore to use its connectivity networks for connecting to the trading systems of the Indian exchange. What percent of stake does Deutsche Boerse holds in BSE ?: 4.91 percent stake
Explanation: After this announcement now from second quarter of 2015, participants of BSE will be able to use Deutsche Boerse's N7 network services to connect to BSE back-ends in India through the respective Deutsche Boerse Access Points or data centres in Hong Kong and Singapore. Therefore, this major step will boost and help to improve the connectivity of BSE's customers operating out of Hong Kong and Singapore. This direct service will now allow them to connect their trade-execution systems to BSE's fully regulated offering covering equities, derivatives and currency markets. Currently, the two Access Points are mainly used by Eurex members.
The per capita income in Chhattisgarh is up by 10% and estimated at Rs 64,442 for the 2014-15 fiscal. What was the per capita Income in 2013-2014?: Rs.58.547
Explanation: The per capita income in Chhattisgarh is up by 10% while the state's economy GSDP (gross state domestic product) is likely to grow by 13.20 per cent during the period. As per advance estimate of GSDP at current price, during 2014-15, agriculture sector (agriculture, livestock, forestry and fishing) is expected to grow by 14.18 per cent, whereas industry sector (mining, construction, manufacturing and electricity, gas & water supply) and service sector is likely to grow by 10.62 per cent and 15.21 per cent, respectively.
Preparing for its banking foray, Reliance Capital has completed sale of 2.77 per cent stake for Rs 371 crore on 12 March 2015 to which country’s bank, which would be also a strategic partner in the proposed bank?: Japan's Sumitomo Mitsui Trust Bank
Explanation: Reliance Capital, which is running the host of financial services segments, including insurance, mutual funds, commercial and home finance, broking and wealth management, plans to set up a full-fledged bank as and when RBI opens the window for new licenses. Thus, SMTB has made its investment in the company at a price of Rs 530 each through preferential allotment of shares. SMTB is Japan's fourth-largest group, managing assets of USD 682 billion, while it has assets under custody of USD 1.8 trillion.
NITI Aayog on 12 March 2015 decided to hire outsiders through a transparent procedure backed by entrance exam. What is the idea behind this change of hiring?: To ensure that no retired officials of the Aayog are generally absorbed in the Aayog as domain experts without going through the strictly laid out procedure
Explanation: The Cabinet resolution of January 1 2015 had led to the creation of the National Institution for Transforming India or NITI Aayog. Thus Aayog will have experts, specialists and practitioners with relevant domain knowledge as special invitees nominated by the prime minister. Thus to maintain a state-of-theart resource Centre, now Aayog has to hire from outside through a proper entrance exam, which will be a repository of research on good governance and best practices in sustainable and equitable development, and the domain experts, similar to young professionals, would be utilized to fulfill this mandate of the government's think tank. However, during the Planning Commission days, research associates were hired on contracts for a period of one year to assist various technical divisions in the commission. With the maximum age limit for applying to the posts being 65 years, in majority of cases, it were retired officials of the commission who were roped in as research associates, primarily for two reasons.
Reserve Bank of India on 13 March 2015 agreed on $1.5 Bn Currency swap with Which country’s Bank to provide support and help them to stabilze their currency in International market?: Sri Lankan Central Bank
Explanation: In the current currency valuation, one Indian rupee is equivalent to 2.12 Sri Lankan Rupee thus it has lost almost three percent value in comparison to the Indian rupee so far in 2015. The agreement on currency swap with SriLankan Central Bank will with in Bilateral ties with Srilanka; when Modi in it maiden trip to lanka who is now became the first Indian Prime Minister to come to Sri Lanka on a standalone bilateral visit since 1987. India had an earlier swap arrangement to the tune of USD 400 million, which has now been extended to USD 1.5 billion.
Preparing for its banking foray, Reliance Capital has completed sale of 2.77 per cent stake for Rs 371 crore on 12 March 2015 to which country’s bank, which would be also a strategic partner in the proposed bank?: Japan's Sumitomo Mitsui Trust Bank
Explanation: Reliance Capital, which is running the host of financial services segments, including insurance, mutual funds, commercial and home finance, broking and wealth management, plans to set up a full-fledged bank as and when RBI opens the window for new licenses. Thus, SMTB has made its investment in the company at a price of Rs 530 each through preferential allotment of shares. SMTB is Japan's fourth-largest group, managing assets of USD 682 billion, while it has assets under custody of USD 1.8 trillion
NITI Aayog on 12 March 2015 decided to hire outsiders through a transparent procedure backed by entrance exam. What is the idea behind this change of hiring?: To ensure that no retired officials of the Aayog are generally absorbed in the Aayog as domain experts without going through the strictly laid out procedure
Explanation: The Cabinet resolution of January 1 2015 had led to the creation of the National Institution for Transforming India or NITI Aayog. Thus Aayog will have experts, specialists and practitioners with relevant domain knowledge as special invitees nominated by the prime minister. Thus to maintain a state-of-theart resource Centre, now Aayog has to hire from outside through a proper entrance exam, which will be a repository of research on good governance and best practices in sustainable and equitable development, and the domain experts, similar to young professionals, would be utilized to fulfill this mandate of the government's think tank. However, during the Planning Commission days, research associates were hired on contracts for a period of one year to assist various technical divisions in the commission. With the maximum age limit for applying to the posts being 65 years, in majority of cases, it were retired officials of the commission who were roped in as research associates, primarily for two reasons.
1. Global giant Deutsche Boerse has decided to expand its strategic partnership with BSE thus allow market participants in Hong Kong and Singapore to use its connectivity networks for connecting to the trading systems of the Indian exchange. What percent of stake does Deutsche Boerse holds in BSE ?: 4.91 percent stake
Explanation: After this announcement now from second quarter of 2015, participants of BSE will be able to use Deutsche Boerse's N7 network services to connect to BSE back-ends in India through the respective Deutsche Boerse Access Points or data centres in Hong Kong and Singapore. Therefore, this major step will boost and help to improve the connectivity of BSE's customers operating out of Hong Kong and Singapore. This direct service will now allow them to connect their trade-execution systems to BSE's fully regulated offering covering equities, derivatives and currency markets. Currently, the two Access Points are mainly used by Eurex members.
3. On March 2015, ICICI bank is planning to re-start the Special Vertical for NPA’s recovery, when the Bad loan is becoming one of the great problems for the Indian banks. In which year this special Vertical was shut down?: 2005
Explanation: ICICI Bank is looking at various ways to check over the bad loans, which went up to 3.40 percent in the December quarter. According to bank, its gross non-performing assets ratio moved up to 3.40 percent, while fresh slippages rose to Rs 2,279 crore. Of this, almost a third, or Rs 776 crore, came from restructured loans. When this special Vertical will be launched then it will be headed by Senior General Manager K M Jayarao, who headed the wing in its first avatar as well. In the past, ICICI Bank Managing Director and Chief Executive Chanda Kochchar had blamed the NPA problem on prolonged tepidness on the macro front, which is forcing recast assets to slip
