Current Affairs, General and Banking Knowledge Thread For Bank Aspirants

Assertion (A) : Disguised unemployment is present in Indian agriculture.
Reason (R) : Marginal productivity of agriculture is close to zero.

Codes :

Consider the following schemes :
I. EAS
II. TRYSEM
III. JRY
IV. RLEGP

The correct chronological sequence of the launching of these schemes are :

The Commercial Banks in India may be broadly classified into the following categories:

1.Public Sector /Nationalized Banks,

2.Private Sector Banks (Indian) and

3.Foreign-Commercial Banks in India.

Public Sector/Nationalized Commercial Banks in India:

State Bank of India / SBI


SBI s the Largest and the Oldest Commercial Bank in India. SBI originated in the year 1806 as the "Imperial Bank of India" and it is the "First Commercial Bank", nationalized in India in the year 1955 which is of and for the Government of India.

Nationalized Commercial Banks in India:

The following 7 commercial banks were nationalized and made the Subsidiaries of State Bank of India ( 4 in the year on 19th July 1960 and 3 on 19th July 1969) :

1.State Bank of Hyderabad (SBH)-Founded by the last Nizam of Hyderabad in the year 1941-(Nationalized in 1960),

2.State Bank of Mysore (SBM)-Established in 1913 as by (late) Dr. M. Visvesvaraya under the sponsorship of the then Government of Mysore- (Nationalized in 1960),

3.State Bank of Patiala (SBP)-Founded on 17th of November, 1917 by His Highness Bhupindar Singh, the Maharaja of the princely state of Patiala- (Nationalized in 1960),

4.State Bank of Saurashtra (SBS) ,

5.State Bank of Travancore (SBT)-Founded in the year 1945- (Nationalized in 1960),

6.State Bank of Bikaner and Jaipur (SBBJ)-Founded in 1963 at Jaipur- (State Bank of Bikaner founded in 1944 took over the State Bank of Jaipur founded in 1943)- (Nationalized in 1969) and

7.State Bank of Indore (SBIR)-Founded in the year 1963- (Nationalized in 1969)

The following 14 Major Commercial Banks were nationalized on 19th July 1969 during the then Prime Minister of India, Mrs.Indira Gandhi:-

1.Allahabad Bank-Founded by a Group of Europeans on 24th April 1865 at Allahabad

2.Bank of Baroda-Founded in the year 1908 in Baroda

3.Bank of Maharashtra-Founded on 16th September 1935 at Pune

4.Bank of India-Founded in September 1906 at Mumbai

5.Canara Bank-Founded on 1st July 1906 at Bangalore

6.Central Bank of India-Founded by Sir Sorabji Pochkhanawala at Mumbai in the year 1911.

7.Dena Bank-Founded on 26th May 1938 by Devkaran Nanjee family

8.Indian Bank-Founded on 15th August 1907 as a part of Indian Swadeshi Movement at Chennai (then Madras)

9.Indian Overseas Bank-Founded in the year 1937 at Chennai (then Madras)

10.Punjab National Bank-Founded in Lahore in the year 1894

11.UCO Bank-Founded in 1943 by Birla at Kolkata (the then Calcutta)

12.Union Bank of India-Inaugurated by Mahatma Gandhi in November 1919 .

13.United Bank of India-Inaugurated by Mahatma Gandhi in November 1919 – nationalized in 1975

IDBI Bank Ltd:

14.IDBI-Industrial Development Bank of India was established as a subsidiary of Reserve Bank of India-RBI on 1st July 1964. From 1st October 2004 IDBI Bank Ltd started commencing as a Full Service Commercial Bank.

The following 6 Commercial Banks were nationalized in the year 1980:

1.Andhra Bank -Founded in the year 1923

2.Corporation Bank-Founded in the year 1906 at Udupi in Karnataka

3.New Bank of India- Established in the year 1968/Renamed as New India Bank in the year 1977

4.Oriental Bank of Commerce-founded in Februray 1943 at Lahore

5.Punjab and Sind Bank-Founded at Amritsar in the year 1908

6.Vijaya Bank -established by Mr.A.B.Shetty on 23rd October 1931

The following are the Private Sector Scheduled Banks in India:

Vysya Bank Ltd

Axis Bank Ltd

Indusind Bank Ltd

ICICI Banking Corporation Bank Ltd

Global Trust Bank Ltd

HDFC Bank Ltd

Centurion Bank Ltd

Bank of Punjab Ltd

The following are the Scheduled Foreign Banks in India:

American Express Bank Ltd.

ANZ Gridlays Bank Plc.

Bank of America NT & SA

Bank of Tokyo Ltd.

Banquc Nationale de Paris

Barclays Bank Plc

Citi Bank N.C.

Deutsche Bank A.G.

Hongkong and Shanghai Banking Corporation

Standard Chartered Bank.

The Chase Manhattan Bank Ltd.

Dresdner Bank AG.

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The Reserve Bank of India (RBI) on 30 August 2013 permitted the premature encashment of 8 percent savings (Taxable) Bonds for individual investors who are __ years and above in age. The facility would be available after a minimum lock-in period of _____ years from the date of issue of the bond.

Identify the sequence of implementation of the following taxes.
Select the correct answer from the given codes :

I. Land Revenue
II. Sales tax
III. MODVAT
IV. Service tax


If the interest payment are subtracted from gross fiscal deficit , the remainder will be:

Which of the following Committees has been set up in India for identification of BPL families in urban areas ?

A major financial inclusion initiative named 'Swabhiman' was formally launched on :

Growth of Indian agriculture has been slowed down since the adoption of new economic policy due to
1. low increase in crop yield
2. low or no public investment
3. stagnant green revolution technology
4. low retail market prices of agricultural produce


Answer this question by selecting the correct combination of codes given below :


The general methods used to solve industrial disputes in India are
1. Collective bargaining

2. Compulsory arbitration
3. Adjudication
4. Decision by trade unions
Choose the correct combination of methods from this following :

Match 'SEBI' with the appropriate item among the following :

Full employment and balance of payments equilibrium will be automatically achieved in an optimum currency area

All internationally traded services are covered under which of the following WTO agreements ?

Given below are the various combinations giving the steps of industrial development. Select the correct sequential combination of steps.

who is known as the magician of hockey.?

India's first defence satellite which was successfully placed in the geosynchronous orbit recently?

which is India's most literate state?

Which of the following disease is also known as factor IX deficiency or Christmas disease?