Grand_Prix_Winners_2017

1) Australian_Grand_prix- Sebastian Vettel
2) Bahrain_Grand_prix- Sebastian Vettel
3) Chinese_Grand_prix- Lewis Hamilton
4) Spanish_Grand_prix - Lewis Hamilton
5) Russian_Grand_Venues Of Upcoming Sports Events
Summer Olympics
2020 – Tokyo, Japan.
Winter Olympics
2018 – Pyeongchang, South Korea.
2022 – Beijing, China.
Commonwealth Games
2018 – Gold Coast, Queensland, Australia.
2022- Durban, South Africa.
Asian Games
2018 – Jakarta, Indonesia.
2022- Hangzhou, China.
Hockey World Cup
2018 – New Delhi, India.
Women Hockey World Cup
2018 – London, England.
FIFA World Cup
2018 – Russia2022 – Qatar.
Women Football World Cup
2019 – France.
ICC Cricket World Cup
2019 – England.
2023 – India.
Women Cricket World Cup
2017 – England.
2021 – New Zealand.
ICC World T-20 World Cup
2018 – Australia.
Women ICC World T-20 World Cup
2018 – West Indies.
ICC World Test Championship
2017 (1st edition) – England.
2021 – India

List Of All The Acts Related To Bank

1. Negotiable Instrument Act– 1881
2. The Bankers’Books Evidence Act– 1891
3. The ReserveBank of India Act– 1934
4. The Industrial Finance Corporation of India Act– 1948
5. The Banking Companies (Legal Practitioner Clients’
Accounts) Act– 1949
6. The Industrial Disputes (Banking and Insurance
Companies) Act– 1949
7. The Banking Regulation(Companies) Rules– 1949
8. The Banking Regulation Act– 1949
9. The State Financial Corporations Act– 1951
10. The Reserve Bank of India (Amendment and Misc.
Provisions) Act– 1953
11. The Industrial Disputes (Banking Companies) Decision
Act– 1955
12. The State Bank of India Act– 1955
13. The State Bank of India (Subsidiary Banks) Act- 1959
14. The Subsidiary Banks General Regulation– 1959
15. The Deposit Insurance and Credit Guarantee
Corporation Act– 1961(DICGC)
16. The Banking Companies (Acquisition and Transfer of
Undertakings) Act– 1970
17. The Regional Rural Banks Act– 1976
18. The Banking Companies (Acquisition and Transfer of
Undertakings) Act– 1980
19. The Export-Import Bank of India Act– 1981
20. The National Bank for Agriculture and Rural
Development Act– 1981
21. Chit Fund Act– 1982
22. Sick Industrial Companies (Special Provisions)Act–
1985
23. The National Housing Bank Act– 1987
24. SIDBI Act– 1988
25. The Special Court (trial of Offences relating to
Transactions in Securities) Act– 1992
26. The Industrial Finance Corporation (Transfer of
Undertakings and Repeal) Act– 1993
27. Industrial Reconstruction Bank (Transfer of Undertaking
& Appeal) Act– 1997
28. The Securitisation and Reconstruction of Financial
Assets and Enforcement of Security Interest Act–
(SARFASI-2002)
29. Industrial Development Bank (Transfer of Undertaking &
Repeal) Act– 2003
30. Credit Information Companies (Rules & Regulation)
Act– 2005
31. The Industrial Finance Corporation of India Act– 1948
32. The Banking Companies (Legal Practitioner Clients’
Accounts) Act– 1949
33. The Industrial Disputes (Banking and Insurance
Companies) Act– 1949
34. The State Financial Corporations Act– 1951
35. The Reserve Bank of India (Amendment and Misc.
Provisions) Act– 1953
36. The Industrial Disputes (Banking Companies) Decision
Act– 1955
37. The State Bank of India Act– 1955
38. The State Bank of India (Subsidiary Banks) Act- 1959
39. The Subsidiary Banks General Regulation– 1959
40. The Deposit Insurance and Credit Guarantee
Corporation Act– 1961
41. The National Bank for Agriculture and Rural
Development Act– 1981
42. Chit Fund Act– 1982
43. Shipping Development Fund Committee (Abolition)Act–
1985
44. Sick Industrial Companies (Special Provisions)Act–
1985
45. The National Housing Bank Act– 1987
46. The Special Court (trial of Offences relating to
Transactions in Securities) Act– 1992
47. The Industrial Finance Corporation (Transfer of
Undertakings and Repeal) Act– 1993
48. Industrial Reconstruction Bank (Transfer of Undertaking
& Appeal) Act– 1997
49. SIDBI General Regulations, 1990
50. Banking Regulation (Companies) Rules 1949
51. The Nationalised Banks (Management and Misc.
Provisions)Scheme, 1970
52. NABARD General Regulations 1982
53. Banking Companies (Period of Preservation of Records)
Rules, 1985
54. Banking Companies (Regulation)Rules, 1985
55. NABARD Bonds Regulations — 1988
56. The Banking Ombudsman Scheme, 2006
57. Factoring Act Rules, 2011
58. SARFAESI (Central registry) Rules, 2011
59. Banker’s Books Evidence Act, 1891
60. Banking Regulation Act, 1949
61. Banking Companies (Legal Practitioners’ Clients’
Account) Act, 1949
62. Banking Regulation (Companies) Rules, 1949
63. Banking Companies (Acquisition and Transfer of
Undertaking) Act, 1969
64. Debts Recovery Appellate Tribunal (Procedure)
Rules, 1994
65. Foreign Contribution (Regulation) Act, 1976
66. Foreign Exchange Management Act, 1999
67. Indian Partnership Act, 1932
68. Indian Stamp Act, 1899
69. Indian Trusts Act, 1882
70. Limitation Act, 1963
71. Recovery of Debts due to Banks and Financial
Institutions Act, 1993
72. Reserve Bank of India Act — 1934

FIRST IN INDIA

1. India’s first Civil Aviation park – Gujarat
2. India’s first Space park – Bengaluru
3. India’s first solar powered ferry – Kerala
4. India’s first IT co-operative UL CyberPark – Kerala
5. India’s first ever Gender Park – Kerala
6. India’s first LCD panel plant – Maharashtra
7. India’s first railway university set up in – Vadodara, Gujarat
8. India’s first underwater restaurant – Ahmedabad
9. India’s first National Organic Farming Research Institute – Sikkim
10. India’s first Fully Solar powered educational institute – Sri Aurobindo International Centre for Education, Pondicherry
11. India’s first self-cleaning smart toilets have been
installed in – Chennai
12. India’s first digital state – Kerala
13. India’s first rail-auto transportation and logistics hub will come up in which state – Walajabad, Chennai,Tamil Nadu
14. India’s first online interactive heritage portal – Sahapedia
15. First Defence park located in – Ottappalam,kerala
16. India's first textile University in surat
17. India's First water metro in kochi
18.India's first medical devices park- gujarat
19.South India gets its first children's court in-Hyderabad
20. India's first e-court-Hyderabad
21.India's first gender university-Kerala
22.India's first 'Women Entrepreneurs Park'-Uttarakhand
23.India's first smart grid - Gurugram,Haryana
24.India's first Green Rail Corridor-Tamiln
adu
25.India's first LIGO (Laser Interferometer Gravitational-Wave Observatory) laboratory -Aundh in Hingoli district of Maharashtra
26.India's first,Commercial Court, Commercial Disputes Resolution Centre-Raipur, Chattisgarh
27. India's first AYUSH university-Hary
ana
28.India's first facility to produce nickel was launched by the Hindustan Copper Limited (HCL) Jharkhand

All the Important Codes and Numbers Used in Financial System

♨ *Indian Financial System Code (IFSC)*

��IFSC is an 11 – character alpha numeric code.

��First Four alphabetic characters represent the Bank Name.

��The Fifth character is 0 (Zero) and reserved for future purpose and the last Six characters (numeric / alphabetic / combination of both) representing the Bank Branch.

��Banks and organizations use IFSC to identify participating Bank Branch in NEFT, RTGS & IMPS transactions.

��e.g. ABCD0123456
ABCD –Bank Name
0 – Zero
123456 – Bank’s Branch Code

♨ *Magnetic Ink Character Recognition (MICR)*

��MICR is a 9- digit code.

��MICR code usually printed on the bottom strip of cheque leaf.

��It is used in cheque clearing process to identify the bank and branch.

��First Three digits represent the City Code.

��Next Three digits represent the Bank Code.

��Last Three digits represent the Branch Code.

��e.g.: 123456789
123 – City Code
456 – Bank Code
789 – Bank’s Branch Code

♨ *Permanent Account Number (PAN)*

��PAN is an 10- character alpha numeric code.

��It is the identifier of Indian Income Tax Payers.

��The PAN is unique, valid for life-time of the PAN-holder throughout India.

��The PAN structure is as follows:
ABCDE1234F:
��First Five characters are Alphabets.

��Next Four are numerals,

��Last Character is also Alphabet

♨ *AADHAAR / Unique Identification Number (UID)*

��Aadhaar is a 12 – digit code.

��It collects the biometric and demographic data of Resident Indians.

��Unique Identification Authority of India (UIDAI) data centre is located at Manesar (Haryana).

♨ *Universal Account Number (UAN)*

��UAN is a 12 –digit code.

��It will be generated for each of the Provident Fund contributing member by Employees’ Provident Fund Organization (EPFO).

��UAN is necessary for easy PF management.

♨ *Permanent Retirement Account Number (PRAN)*

��PRAN is a 12 – digit code.

��National Pension System subscriber will be allocated a unique Permanent Retirement Account
Number (PRAN) by Pension Fund Regulatory & Development Authority (PFRDA).

♨ *International Securities Identification Number (ISIN)*

��The ISIN is a 12 – character alpha numeric code.

��It uniquely identifies a security.

��ISINs are issued to bond, commercial paper, stock and mutual fund units etc.

♨ *Society for Worldwide Interbank Financial Telecommunication (SWIFT)*

��SWIFT code is a 8 – 11 character alphabetic code.

��It is a unique identification code for both financial and non-financial institutions.

��The SWIFT code structure is as follows:

��First Four letters – Institution code / Bank code

��Next Two letters – Country code

��Next Two letters – Location code

��Last Three letters – Branch code

Where an 8- character code is given, it may be assumed that it refers to primary office.

♨ *Mobile Money Identifier (MMID)*

��MMID is a 7- digit code

��It is a random number issued by the bank upon registration.

��In the 7 digits of the MMID are 4 digits used to identify the bank of the user and three used to identify the account of the user.

��Remitter & Beneficiary should have this number  for performing IMPS transaction.

��The bank will allocate a MMID for each account of the mobile banking customers.

CONFUSING_DAYS (Very IMP.)

1. National Youth Day - January 12
2. International Youth Day - August 12
3. National Teachers' Day - September 5
4. International Teachers' Day - October 5
5. National Tourism Day - January 25
6. International Tourism Day - September 27
7. National Children's Day - November 14
8. International Children's Day - June 1
9. National Consumer Day - December 24
10. International Consumer Day - March 15
11. National Postal Day - October 10
12. International Postal Day - October 9
13. National Blood Donation Day - October 1
14. World Blood Donors Day - JUNE 14

Banking awareness Questions and answers

*Q:1*. Name some negotiable instruments.

Ans. The negotiable instruments include
- promissory note
- bill of lading
- Bank draft/ pay order/bankers cheque.
- Railway receipts
- Dock warrant
- Warehouse receipt
- Certificate of deposit
- Commercial paper
- Treasury bills
- Hundi

*Q:2*. What are the features of Negotiability?

Ans. Features of Negotiability:
- Freely transferable by delivery (when it is bearer).
- Freely transferable by endorsement (when it is an order instrument).
- The transferee taking the instrument in good faith.

*Q:3*. What is Promissory Note (PN)?

Ans. It’s an instrument in writing which contains an unconditional undertaking signed by the maker to pay a certain sum of money to the order or the bearer of instrument. The Promissory Notes require being stamped ad per Indian Stamp Act.

*Q:4*. How many types of Promissory Notes are there?

Ans. Types of Promissory Note:
1.Demand Promissory Note
2.Usance Promissory Note

*Q:5*. What is Demand Promissory Note?

Ans. The Promissory Note which is payable immediately on demand is called “Demand Promissory Note”.

*Q:6*. What is Usance Promissory Note?

Ans. The Promissory Note which is payable after a predefined definite period is called “Usance Promissory Note”.

*Q:7*. How many parties are required in Promissory Notes?

Ans. Basically it requires two parties. The one is maker who promises to pay and the other is payee to whom it is payable. For example a person take loan from the bank then the “person” is the “maker” and “the bank” is “payee”.

*Q:8*. What is “Bill of Exchange” (BoE)?

Ans. It’s an instrument containing an unconditional order signed by the maker directing a certain person to pay a certain sum of amount only to the bearer of that instrument.

*Q.9*. How many types of bills are used in Banking Operations?

Ans. Following are the types of Bills used in Banking Operations:
- Inland bills and Foreign bills
- Time bills and Demand bills
- Trade bills and Accommodation bills
- Clean bills and Documentary bills.

*Q10*. What are “Inland bills”?

Ans. Inland bills are contract agreements which define the information related to the transportation of goods overseas. Inland bills must be drawn on a person resident in India although it is payable outside India. The essential condition is that it must be drawn in India. For example a bill is drawn in Nagpur and payable in Hyderabad by an importer in New York is an inland bill.

*Q11*.What is “Foreign Bill”?

Ans. A foreign bill is a financial instrument which is drawn at in country and payable in another country. Any bill which is not an inland bill is a “Foreign Bill”. For example a bill drawn in London and payable in Bhopal by a resident Indian is a foreign bill.

*Q12*. What is “Accommodation Bill”?

Ans. Accommodation bill is the “bill of exchange” by the third party which is also known as an “Accommodation party” or “Accommodation endorser” who acts as a guarantor. This kind of bill is not a genuine trade bill and it is drawn to accommodate a known party. After actual sale of goods, when a bill is drawn by a seller and accepted by another person claim to be buyer is accommodation bill.

*Q13*. What is “Hundi”?

Ans. Hundi is kind of “bill of exchange”. In Hundi any seller sells his good under bill of exchange. These bill of exchange are known as “Hundi”. Then the seller sends the “Hundi” to the buyer for its acceptance. These bills of exchange are generally written in native language of that place and governed by local usage and practices. Generally four types of Hundi are used.

1. Darshani Hundi- It is similar to the demand bills.
2. Miadi Hundi- It is similar to the usance bills.
3. Namyog Hundis- It is similar to the order instruments.
4. Khokha- which has been paid and cancelled.

*Q14*. What is “Cheque”?

Ans. A cheque is an instrument drawn on a specified bank and it is only payable on demand.

*Q15*. How is Cheque is different from BoE?

Ans. Cheque is different from bill of exchange in following ways:
- Cheque is valid only 6 months from the date of issue.
- Cheque is payable to the bearer on demand
- Cheque is drawn in a bank.
- Notice of dishonor is not necessary in cheque.

*Q16*. When should banks not pay the Cheque?

Ans. Bank should not pay a cheque in the following cases:
- Death of the drawer.
- Insane customers
- Insolvent customers
- On receipt of valid stop payment instruction.
- When cheque is post-dated.
- When account has insufficient fund.

*Q17*. What is Stale Cheque?

Ans. If the cheque is not presented for payment for a period of 6 months from the date of its issuance, it is then considered as Stale Cheque.
The validity of the cheque can be reduced by the drawer, like valid for 3 months but the maximum validity of any cheque is 6 months.

*Q18*. What is “Saving Bank Account”?

Ans. If a person has limited income and he wants to save some money for future, then the account he opens is a Saving Bank Account. The account can be opened with the minimum initial deposit amount decided by the bank. The account holder can deposit the money anytime. He can also withdraw the money by withdrawal form or ATM or cheque. The rate of interest varies from bank to bank and changes time to time.

*Q19*. What is “Current Deposit Account”?

Ans. Big institutions, companies, businessman etc. normally open their current deposit accounts. There are some restrictions on withdrawal in saving accounts and in current accounts there are no such restrictions.
Current account can be opened with some initial amount decided by the bank. Here the bank does not pay any interest on their balance, in fact the bank charges the customer certain amount each year as Operational Charge. It also provides the facility of withdrawing excess of the balance of deposit.

*Q20*. What is “Overdraft Facility”?

Ans. It is a facility provided by the banks that permits an account holder to use or withdraw more than they have in their accounts, but they can’t withdraw exceeding the maximum minus balance.This facility is called Overdraft Facility.

*Q21*. What is “Fixed Deposit Account”?

Ans. This facility allows us to save money for long time. In saving accounts the rate of interest is less, but in fixed deposit account the rate of interest is higher. It is also known as term deposit account. The depositor can deposit the money for long periods like 7 to 10 years. During this period withdrawal is not allowed however the depositor can encash the money before the maturity period but at that time the rate of interest will be less.

*Q22*. What is “Recurring Deposit Account”?

Ans. In this type of account the depositor saves regularly and in return gets a fair return of deposit. While opening this account the deposit per month is fixed. We can deposit the amount once in the month on a fixed date and the amount is also fixed. The total amount with interest we can receive after the maturity. The rate of interest in recurring deposit account is higher than the saving account. The account can be opened by a person individually as well as jointly with another.

*Q23*. What are “Non- performing assets” (NPA)?

Ans. The asset which is not producing income is a “Non-Performing Asset”. It is an asset or an account of a borrower which is considered as loss asset or doubtful by the bank account or the financial institution is called “non-performing asset”.

*Q24*. What is 90 days overdue?

Ans. It’s a norm for the identification of the “Non-performing asset” (NPA) starting 31 March 2014.
The norm is as follow:
- Interest or installment of principal remain overdue for more than ninety days in respect of term loan.
- The account remains out of order for the period of more than ninety days.
- The bill remains overdue for the period of more than ninety days.
- Any amount to be received is due for more than ninety days.

*Q25*. What is “Money Laundering”?

Ans. The process of converting illegal money into legal money is Money Laundering. According to Section 3 of the Prevention of Money laundering Act 2002 as:
“Whosever directly or indirectly attempts to indulge or knowingly assists or is involved in any process or activity connected with the proceeds of crime and is projecting it as the untaint
d property shall be guilty of the offence of money laundering”.

*Q26*. What are the common factors of “Money Laundering”?

Ans. Generally there are four factors of money laundering:
- The true ownership and real source of money is not revealed.
- The launderers change the form of the proceeds in order to shrink the huge volume of cash generated by the initial unlawful activity.
- The trail left by the process is not known so that it make it difficult to follow the money from the beginning to end.
- Constant control is maintained on the money.

*Q27*. What are the stages of “Money Laundering” process?

Ans. The following are the stages of “money laundering” process:
1. Placement stage:-It is the first introduction of entry for funds derived for any criminal activities.
2. Layering/Agitation stage: - The object of this stage is to prevent the tracing of illegal proceed. It creates a complex network of transactions which attempts to not reveal the link between the initial entry and the end of the money laundering cycle.
3. Integration stage: - This process achieves the appearance of total legitimacy of funds thereby it refers to the return of funds to the legitimate economy for later extraction.

*Q28*. Give few ways of “Money Laundering”?

Ans. Following are the few ways of money laundering:-
- Frequent exchange of cash into other currencies.
- Large withdrawals from inactive account.
- Transferring large sum of money to or from abroad.
- More use of safe deposit facilities.
- Customer having several accounts in different banks but in same location.

*Q29*. What is “BANKNET”?

Ans. It’s a kind of payment network established by RBI. It was launched during 1991 in India. In this network the user can BANKNET from their premises through leased or dial up lines at the local centers. Here the messages of banking transactions are transferred in the form of codes for the settlement of the transaction and advice. It also provides access to SWIFT through its system.

*Q30*. What is “RBINET”?

Ans. It is a communication system running on BANKNET and RBINET is a client running a personal computer called RBINET. It can communicate with its server over the dedicated leased or dial-up lines.

*Q31*. What is “I-net”?

Ans. I-net was opened in 1983. It is owned by the Department of Telecommunication which uses Packet Switching Public Data Network (PSPDN). PSPDN is a kind of data sending technology. I-net uses telephone connections and satellites for communication which replaces the slow speed data communication. This technology connects major metropolis and international networks.

*Q32*. What is “NICNET”?

Ans. NICNET stands for National Informatic Centre Network, which was set up in 1975. It promotes information culture which is a government organization and work for government organizations. It provides multiple facilities to finance, agriculture, industry, commerce by providing various applications. Currency chest operations in banks are performed by NICNET.

*Q33*. What is “INFINET”?

Ans. The abbreviation for INFINET is Indian Financial Network. It was developed by RBI sponsored organization which provides fast and secure intra –bank and inter-bank communication system.

*Q34*. What is “SPNS”?

Ans. The full form of SPNS is Shared Payment Network System. It provides round-the-clock banking convenience to customer of any bank performing basic banking functions like cash withdrawal, balance enquiry etc. at any ATM belonging to any bank.

*Q35*. Which banking services can be used through Information Technology (IT)?

Ans. Following banking services can be achieved by using IT:
- Faster remittance services
- Home banking
- Tele- banking
- Cash management products
- Banking online

*Q36*. What is “Digital Signatures” (DS)?

Ans. Digital Signature is used for security purpose and it is equivalent to the handwritten signature. It is a signature in electronic form attached to an electronic record. Digital signature identifies the origin of the message and maintain the integrity of message. It defines authentication of an electronic record by a person whose name the digital signature certificates. In India Information Technology Act 2000 considers digital signature as personalized thumb print.

*Q37*. What is “Mobile Banking”?

Ans. Mobile banking provides us the ease of carrying out certain banking transactions through their mobile phone. This facility is provided by the banks. Many operations can be performed by using mobile banking like checking account balance, paying bills, request for cheque book. Stop payment instruction, summaries of last three transactions, transferring money to other account etc.

*Q38*. What is “Electronic Fund Transfer System” (EFTS)?

Ans. Electronic fund transfer provides us to transfer fund electronically replacing the paper instruments. The electronic fund transfer is fast and easily available. It saves time of customer’s standing in queue. The products of EFTS includes:-
- WTs- wireless transfers.
- ATM- Automated Trailer Machine
- CDs- Cash Dispensers
- POS- Point of Sale terminals
- Home banking

*Q39*. What is “Smart Card”?

Ans. The Smart Card is an Integrated Circuit Card (ICC) to store information. It is a cash card or we can say ‘electronic purse’ which is a pre-paid cash card. The card provides an option to the customers for debit and credit facilities. These cards can be reloaded by ATM or by telephone. It reduces the need of carrying cash for shopping and enables the card holder to increase the amount at any time.

*Q40*. What is “Credit Card”?

Ans. It is an instrument of payment. The customer gets some credit on the card which he can use for shopping, ticket booking, encashment etc. The credit cards are of different types having different credit limits depending upon the bank.

*Q41*. What is “Debit Card”?

Ans. It is a payment card used to obtain cash, purchasing goods and services automatically debiting the payment to the card holder’s bank account.

*Q42*. What are the advantages of “Debit Card”?

Ans. The advantages of Debit Card:
- No need to carry cash.
- Quick and less complicated than using cheque.
- Used for withdrawal of cash.
- It can be issued to any individual having bank account.

Ministry Portfolio(Odisha)

1. Maheswar Mohanty : Revenue
2. Dama Rout : Agriculture
3. Pratap Jena : Health
4. Prafulla Samal : Women & Child Welfare
5. Usha Devi : Planning & Coordination
6. Sashi Bhusan Behera : Finance , Excise
7. Nurshinga Sahoo : Commerce & Transport
8. Prafulla Mallick : Energy
9. Bijayshree Routray : Forest
10. Ananta Das : Higher Education
11. Badri Patra : School & Mass
12. Chandra Sarathi Behera : Youth & Sports
14. Ramesh Majhi : SC & ST
15. Surjya Patro : Food & Supply, Co-operation
16. Pradip Maharathi : Panchayatiraj
17. Bikram Arukha : RD & I & PR
18. Niranjan Pujari : Urban & Housing