Friday, 2 November 2012

GROUP-II SERVICES RECRUITMENT NOTIFICATION NO. 38/2008 & 11/2009 (GENERAL RECRUITMENT) SELECTION NOTIFICATION


                        GROUP-II SERVICES RECRUITMENT
NOTIFICATION NO. 38/2008 & 11/2009 (GENERAL RECRUITMENT)
                             SELECTION NOTIFICATION


Thursday, 1 November 2012

Current Affairs August (01-06)

Current Affairs August (01-06)


1. Consider the following Statements:
1.Indian Navy has commissioned its new air station INS Baaz to counter China's moves in Indian Ocean.
2.INS Baaz is the southernmost air station of the Indian armed forces, and overlooks the crucial Malacca Strait.
Which among the Statement(s) given above is/are correct?
[A]Only 1
[B]Only 2
[C]Both 1 and 2
[D]Neither 1 nor 2


2. Recently the RBI has slashed the Statutory Liquidity Ratio (SLR) from :
[A]25% to 23%
[B]25% to 24%
[C]24% to 22%
[D]24% to 23%


The Reserve Bank of India (RBI), has kept the key indicative policy rates unchanged while it cut the gross domestic product (GDP) forecast for the current financial year from 7.3 per cent to 6.5 per cent and raised the inflation forecast from 6.5 per cent to 7 per cent. However, the RBI cut the Statutory Liquidity Ratio (SLR) by one percentage point from 24 per cent to 23 per cent which is expected to provide liquidity of around Rs.60,000 crore. The RBI kept the Repo rate unchanged at 8 per cent, and the Cash Reserve Ratio (CRR) at 4.75 per cent. Repo rate is the rate at which banks borrow money from the central bank. CRR is the portion of deposits banks have to keep with the central bank in cash.