Current Affairs July 2010(Short Answers)

·        Head of the Committee instituted by RBI to look into the interest rates and bank fees, charges & services – M Damodaran.

·        Which committee recommended 15-20% variable component in the salary package for PSB employees, instituted by Finance minister – A K Khandelwal.

·        RBI has revised the norms for __________ for giving loans to the housing and real estate segment – Urban Cooperative Banks(UCBs).

·        SEBI has announced that MF distributors and agents will now need a NISM certificate to sell policies. What is the full form of NISM - National Institute of Securities Market.

·        RBI has advised all banks to print IFSC on cheque leaves issued to customers. IFSC stands for- Indian Financial System Code.

·        India has emerged as the ___ most preferred destination for retailers in the world - 39^th.

·        India’s first Anti-submarine warfare Corvette – INS Kamorta.

·        _____ banks are recently allowed by the RBI to open ATM’s at places other than their branches without prior approval – Urban Cooperative banks.

·        National Florence Nightingale Award 2010 was given to – A P Subhadra.

·        Government has fixed FRP of Sugarcane for the year 2010-11 at Rs. 139.12 per quintal. FRP stands for - Fair and Remunerative Price.

·        India’s trade deficit during 2009-10 - $102.1 billions.

·        Asian Banker Achievement award given to – SBI.

·        Who is the head of the committee for comprehensive review of National  Small Savings Fund(NSSF) structure , interest rates, tenor and other administrative matters – Shyamala Gopinath.

·        ____ company offered  to provide cloud computing solutions t Rural Banks – Polaris.

·        Chairman of RBI working group on BPLR on the basis of which Base Rate System is slated to switch over by the banks – Deepak Mohanty.