Important GK for SBI PO and Other- Part-1

Important GK Questions for SBI Upcoming Examination: 28-April-2013

Current Rates According to RBI:

  • CRR - 4%
  • SLR - 23%
  • Repo Rate- 7.5%
  • Reverse Repo Rate- 6.5%
  • MSF - 8.5%
  • Bank Rate- 8.5 %

Important Fact of RBI in news:

  • RBI has launched a website with explanation to detect Counterfeit (Fake) notes with a tagline "Pehchano Paise Ki Boli, Qki Paisa Bolta Hai".
  • Recently RBI(Reserve Bank of India) issued a guidelines that all the cheques should be cleared in two days.
  • The RBI has issued a new series of 50 Paisa coins with the new Rupees Symbol.
  • RBI has extended the date for implementation of Basel III by three months  i.e. from 1st January to 1st April 2013.
  • New bank will have to set up 25% of its Branch in unbanked rural areas.

Budget Related News:

Fiscal Deficit:

  • Fiscal deficit seen at 5.2% of GDP in 2012-13.
  • Fiscal deficit to 3% by 2016-17.

Revenue Deficit:

  • Revenue deficit seen at 5.2% of GDP in 2012-13.
  • Revenue deficit to 3% by 2016-17.

Amount allotted for major Sector in Union Budget 2013-14:(By- Finance Minister : P. Chidambram)

  • Total Budget : 1665297 Crore
  • Kisan Credit Card : 7 Lac Crore
  • MGNREGA : 33000 Crore
  • Mid day meal : 13215 Crore
  • Sarva Sikhsa Abhiyan : 27258 Crore
  • SIDBI : 10000 Crore
  • Indira Awas Yojna : 15184 Crore
  • JNNURM : 14873 Crore

Highlights of Rail Budget 2013-14 (By - Rail Minister : Pawan Kumar Bansal)

  • First Congress minister to present Railway Budget in last 17 Years.
  • Educational tourist train "Azadi Express" proposed.
  • Target of investment of 1 Lac crore through PPP mode in 12th Five year Plan.
  • Dronacharya awardees to get Shatabdi and Rajdhani passes.
  • New coach factory in Rae Bareli in colaboration with Rahtriya ispat nigam Limited.
  • A Coach manufacturing Unit in Sonepat District (Haryana) in collaboration with State government. 
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