Pandora Box XV

Pandora Box XV March 2011

• Book letters to my daughter-Barack Obama
• Tembhli(Maharashtra)-AAdhar started from here
• Saraswati samman –Sujit Pattar
• Dada sahib phalke award-D.Ramanaidu
• Book masque of Africa-V.S. Naipaul
• Global competitiveness rank india-51,Switzerland no. 1
• Swawlamban scheme-100 rs/month pension for unorganized sector
• Rwanda president-Paul Kagame
• Jharkhand cm-Arjun Munda
• Kerala CM-V.Achutanand
• Chief vigilance commissioner-P.J. Thomas
• Nepal president-Shusila koirala
• Miss universe-mexico’s Navarette
• December 1-AAIDS day
• Germany,India elected for UN security council,india after 1992
• India-scotland-signed educational MOUs
• India-S.korea-social security agreement
• 17^th asean summit-hanoi(Vietnam)
• CSC-convention on supplimentry compensation
• 5^th east asia summit-hanoi
• National green tribunal head-lokeshwar dutt
• Miss world-alexandria mills of usa
• Man booker prize-Howard Jacobson for Frinkler question
• Noble prize for literature-Vargas lallosa(feast of goat)
• Noble prize medicine-Robert Edward
• Indradhanush-india and uk airforce joint exercise
• Book conversation with myself-nelson Mandela
• ICC awards-sachin player of the year,sehwag test player of the year,ab devilliers one day player of the year
• Lal bahadur shastri award-aruna roy
• India –malaysia did road pact
• Highest suicide rate –Sikkim
• Lok pal bill passed-3 members
• Cambridge university is the best
• Wheat price set at 1120/quintal
• Rescue operation in chile
• CWG best athelete-tracia smith
• US huge arms deal with Saudi Arabia
• Elephant-heritage animal
• Global hunger index india at 67^th
• K.VIJAY KUMAR-CRPF head
• Gender gap rank india-112^th
• Sikh of the year-chandhiok
• Hu jintao is most powerful person of the world
• Andhra CM-kiran kumar reddy
• Hindu best fiction award-manu joseph
• Sable scheme(rajiv Gandhi)for 11-18 year old girls
• NATO in afganistan only till-2014
• Indira Gandhi is 9^th most powerful in the list of most powerful
• South asian winter games-dehradun
• Yeonpeong island-north and south korea fight
• Indira Gandhi peace prize-lula disilva
• Repo,reverse repo rates-6.50 and 5.50
• SLR 24%
• Human development report india at 119
• Dilma rouseff-brazil president
• San su kyi belongs to Myanmar
• Mike russel wins world billiards tittle
• 25 january is voters day(important)
• 15 january-army day
• 30 jan-martyrs day
• 5^th G-2o summit in seol
• Book decision points-george bush
• 11^th india –EU summit in Brussels
• Conference on climate change-cancun
• Athlete of the year-david rudhisha and blanka vlasic
• Highest HIV cases in Manipur
• Golden peacock award-movie moner manush
• WWW meet-hyderabad
• Football world cups-2014,2018,2022-brazil,Russia,quatar
• Davis cup winner-serbia
• Tamilnadu and railways volleyball champions in men and women category
• Hero Honda golf championship-rikard karlberg
• TAPI pipeline-turkmenistan,afganistan,india,Pakistan
• Miss earth-nicole faria of india
• National chess champion-parimarjan nebi
• Common wealth india-38g,27s,36 bronze medals,3^rd position
• ASIAD india-14g,17s,33b,6^th position
• PNB-2/3 stake in ISC dana bank kazakstan
• Durand cup winner-chirag united
• March 3-defence day,march 8 is women’s day,15^th is consumer rights day
• RAW chief-s.k. tripathy
• Book a journey-tony blair
• First DSC prize-H.M. Naqvi
• Central bank completed 100 years,sponsor bancon meet in Mumbai
• Tunisia president-ben ali
• Egypt president-hosni Mubarak
• Chief information commissioner-satyanand mishra
• National science congress-kattan kulathar in Chennai
• Filmfare awards-dabang best film,shahrukh and kajol best actor actress for my name is khan,unit roy and kareena best supporting actor and actress,manna day gets lifetime achievement
• Best footballers-lionel messi and marta(women)
• BRIC new member is south Africa
• IMPS-international mobile payment service
• Rajasthan wins ranji trophy after beatinf baroda
• Pt bheemsen joshi belongs to classical music
• Australlian open
• Kim clijsters beat li na
• Dajkovic beat andy murray
• Bryan brothers beat bhupati and paes
• Japan win asia cup football
• Chief guest of republic day was susilo bambang president indonasia
• Sri Krishna committee related to telangna issue
• CNN-IBN person of the year-nitish kumar CM bihar
• TIME magazine person of the year-Mark zukerberg(facebook)

Pandora Box XIV

1.Which among the following writs is issued against wrongful detention?
(A)Mandamus
(B)Habeas Corpus
(C)Prohibition
(D)Quo Warranto
Ans.(B)


2.Who among the following is the new Finance Secretary of India?
(A)Ashok Chawla
(B)Sushma Nath
(C)Nirupama Rao
(D)None of them
Ans.(B)


3.The Third proclamation of emergency under Article 352 was made by President of India on which among the following 
grounds ?
(A)External Aggression
(B)Internal Disturbance
(C)Financial Instability
(D)Political Instability
Ans.(B)


4.Consider the following: 
1. Deposit rates, 
2. Base Rate 
3. Prime Lending Rate
Which among the above are decided by Reserve Bank of India?
(A)1 & 2
(B)2 only
(C)3 only
(D)none of them
Ans.(D)


5.Which among the following companies was recently awarded most respected company in the power sector for the year 2011 by the Business World?
(A)Tata Power
(B)National Thermal Power Corporation
(C)National Hydroelectric Power Corporation
(D)Powergrid corporation of India
Ans.(B)


6.Which among the following founding member of the Shanghai Cooperation Organization was not a member of its 
predecessor Shanghai-5?
(A) Uzbekistan
(B)Tajikistan
(C)Kazakhstan
(D)Kyrgyzstan
Ans.(A)


7.Travelers from how many countries are at present provided visa-on-arrival facility in India?
(A)5
(B)7
(C)9
(D)11
Ans.(C)


8. ONV Kurup is the Eminent litterateur and Jnanpith award winner of which among the following languages?
(A)Odiya
(B)Malayalam
(C)Tamil
(D)Kannada
Ans.(B)


9.Among state, which is the leading Gold medal winner state in the 34th National Games ?
(A)Mizoram
(B)Maharastra
(C)Manipur
(D)Kerala
Ans.(C)


10.With which among the following countries, Egypt formed a state called the United Arab Republic in the late 1950s?
(A)Turkey
(B)Syria
(C)Libya
(D)Jordan
Ans.(B)


11.In which of the following state is located Rumtek Monastery ?
(A)Arunachal Pradesh
(B)Himachal Pradesh
(C)Jammu and Kashmir
(D)Sikkim
Ans.(D)


12.Which among the following is the correct set of G4 nations?
(A)India, Brazil, Russia, China
(B)India, Brazil, China, Japan
(C)India, Brazil, Russia, Germany
(D)India, Brazil, Germany, Japan
Ans.(D)


13.Recently, Nishant which is India's indigenous Unmanned Aerial Vehicle (UAV) completed the series of confirmatory 
trials carried out by the army at the Chandan ranges. In which state are located the Chandan Ranges ?
(A)Madhya Pradesh
(B)Rajasthan
(C)Haryana
(D)Punjab
Ans.(B)


14."Hunar se Rozgar" is an scheme of which of the following ministries of Government of India?
(A)Ministry of Rural Development
(B)Ministry of Micro, Small and Medium Enterprises
(C)Ministry of Tourism
(D)Ministry of Urban Development
Ans.(C)


15.Which among the following country is also known as the "Pearl of Africa"?
(A)Tanzania
(B)Uganda
(C)Sudan
(D)Kenya
Ans.(B)


16.Where are the headquarters of "Organization for Security and Co-operation in Europe"?
(A)Paris
(B)Astana
(C)Vienna
(D)Auckland
Ans(C)


17. The World Military Cup organized by the International Military Sports Council (CISM) involves which among the 
following sports?
(A)Cricket
(B)Football
(C)Volleyball
(D)Basket Ball
Ans(B)


18.Who among the following former Prime Ministers of India ,never remained a Chief minister of Indian state?
(A)Morar Ji Desai
(B)Chandra Shekhar
(C)V P Singh
(D)P V Narsimharao
Ans(B)


19.The National Highways in India cover which among the following fractions of India's total Road Network?
(A)1.7%
(B)2.7%
(C)3.7%
(D)5.7%
Ans(A)


20.In which of the following years, first commercial civil aviation flight took place in India between Allahabad and Naini?
(A)1910
(B)1911
(C)1915
(D)1921
Ans(B)


21.What is the name of the first tri services Joint exercise of Indian Armed Forces conducted in 2009?
(A)TIRANGA I
(B)SANGAM
(C)AKASHGANGA
(D)MADAD II
Ans(D)


22.Maximum Jute mills are located in which among the following states?
(A)West Bengal
(B)Assam
(C)Andhra Pradesh
(D)Uttar Pradesh
Ans(A)


23.During the last 60 years, how many General Elections have been conducted by the Election Commission of India?
(A)14
(B)15
(C)16
(D)17
Ans(B)


24.How many states of India are covered under the National Horticulture Mission?
(A)18
(B)20
(C)22
(D)25
Ans(A)


25.Recently a commemorative stamp was released by the Department of Posts in honor of T N Rajarathinam Pillai.He was world famous artist of which among the following instruments?
(A)Mridangam
(B)Nadaswaram
(C)Saraswati veena
(D)Violin
Ans(B)


26.Approximately what fraction of India's trade by volume is moved by sea?
(A)70%
(B)80%
(C)90%
(D)95%
Ans(D)


27.Right to Safety, Right to information, Right to Choose, Right to be heard & Right to Seek Redressal are the essential 
components of which among the following?
(A)Fundamental Rights in the Constitution of India
(B)The Consumer Protection Act
(C)The Essential Commodities Act
(D)Prevention of Corruption Act
Ans(B)


28.How many Gold medals were won by India in 2010 Asian Games ?
(A)14
(B)16
(C)18
(D)20
Ans(A)


29.Indian Army Chief Vijaya Kumar Singh was recently conferred honorary rank of General of which among the 
following armies?
(A)Nepal
(B)Bhutan
(C)Bangladesh
(D)Sri Lanka
Ans(A)


30.Which among the following is the largest oil producer of the Organization of the Petroleum Exporting Countries?
(A)Saudi Arabia
(B)Venezuela
(C)Canada
(D)Iran
Ans(A)

Financial Terms Used in Banking

Financial Terms used in Banking

Abandon

The act of an option holder in electing not to exercise or offset an option.

Accommodation Trading

Non-competitive trading entered into by a trader, usually to assist another with illegal trades.

Account

Record of all transactions.

Account Balance

Same as balance.

Accreted Interest

The difference between par value of a zero coupon security and purchase price. Also called original issue discount. Yearly accreted interest is the amount of accreted interest "earned" each year that you hold a zero coupon investment.

Accrued Interest

The amount of interest that the buyer owes the seller on transactions involving fixed income securities, such as most bonds and notes.

ACH

Automated Clearing House-A method of transferring funds. Member banks wire instructions to the Automated Clearing House which then wires to the appropriate receiving bank.

Acreage Allotment

A voluntary limitation on the number of acres farmers plant to a given crop. Established under the federal farm program to stimulate production of certain crops of limited supply, and curtail production of others in ample supply.

Actuals

The physical or cash commodity, as distinguished from a commodity futures contract. Also see Cash and Spot Commodity.

Advanced Option

Multiple option strategy. See Spread Order, Straddle, Strangle, Buy/Write, Sell/Write, and Unwind.

Afloat

Commodities in harbor or in transit in vessels.

Agency Security

Any of the bills, notes, and bonds issued by agencies of the federal government.

Agent

An individual employed to act on behalf of another (the principal).

Aggregate Demand

The sum of government spending, personal consumption expenditures, and business expenditures.

Aggregation

The principle under which all futures positions owned or controlled by one trader (or group of traders acting in concert) are combined to determine reporting status and compliance with speculative limits.

All or None (AON)

A limit price order that instructs the broker to fill the whole order at the stated price or not at all.

Allowances

The discounts (premiums) allowed for grades or locations of a commodity lower (higher) than the par (or basis) grade or location specified in the futures contract. See Differentials.

American Depository Receipt (ADR)

A share of stock that is issued by an American bank and is backed by foreign securities on deposit.

American Stock Exchange (AMEX)

Located at 86 Trinity Place, New York, NY; a major stock and option exchange.

Amortization

An accounting term indicating the appointment of an incurred expense over the life of an asset. For example, if a three-year magazine subscription (an expense) is paid in year one, it should be "amortized" (or "spread out") over the three-year life of the subscription (the asset).

Amortize

An artificial method of allocating over the life of the instrument, income received or given up at maturity.

Annuity

A contract with an insurance company in which the individual makes either lump-sum or periodic payments to the insurance company and in return receives a lifetime income (usually guaranteed).

AON

See All or None.

Appreciation

A currency is said to appreciate when price rises in response to market demand; an increase in the value of an asset.

Approved Delivery Facility

Any bank, stockyard, mill, storehouse, plant, elevator or other depository that is authorized by an exchange for the delivery of commodities tendered on futures contracts.

Arbitrage

Simultaneous purchase of cash commodities or futures in one market against the sale of cash commodities or futures in the same or a different market to profit from a discrepancy in prices. Also includes some aspects of hedging. See Spread, Switch.

Arbitrageur

One who engages in arbitrage.

Arbitration

A method of settling a dispute by utilizing an impartial individual or individuals. All exchanges and securities associations have adopted a Code of Arbitration through which all disputes between firms, employees and firms, and firms and clearing corporations are settled.

Asian Option

An option whose payoff depends on the average price of the underlying asset during some portion of the life of the option.

Ask (Asked Price)

The lowest round lot price at which a broker will offer for sale a security on an exchange or over-the-counter market.

Ask Or Offer Price

The lowest price any potential seller is willing to accept for a particular option.

Ask Rate

The lowest price at which a financial instrument is offered for sale (as in bid/ask spread).

Ask Size

The amount of shares being offered for sale at the ask rate.

As-of

A term used to describe any trade processed not on the actual trade date, but "as of" the actual trade date.

Asset

Goods available to pay debts. Anything owned by an individual or corporation.

Asset Allocation

Investment practice that distributes funds among different markets (forex, stocks, bonds, commodity, real estate) to achieve diversification for risk management purposes and/or expected returns consistent with the outlook of the investor, or investment manager.

Assign

Action of the option holder (buyer) requiring the option seller (writer) to complete the terms of the option contract. The writer would be required to either buy stock from the holder or deliver stock to the holder.

Assignable Contract

One which allows the holder to convey his rights to a third party. Exchange-traded contracts are not assignable.

Associated Person (AP)

An individual who solicits orders, customers, or customer funds on behalf of a Futures Commission Merchant, an Introducing Broker, a Commodity Trading Advisor, a Commodity Pool Operator or a Leverage Transaction Merchant who is registered with the Commodity Futures Trading Commission.

At-the-Market

An order to buy or sell a futures contract at whatever price is obtainable when the order reaches the trading floor. Also called a Market Order.

At-The-Money

An option whose strike price is equal-or approximately equal-to the current market price of the underlying futures contract.

Attorney in Fact

A person who is allowed to transact business and execute documents on behalf of another person because one holds power of attorney.

Auction

The issuance of new Treasury bills, notes, and bonds at stated intervals by the Federal Reserve.

Auction Market

A market where buyers and sellers enter simultaneous bids and offers such as the New York Stock Exchange.

Audit Trail

The record of trading information identifying, for example, the brokers participating in each transaction, the firms clearing the trade, the terms and time of the trade, and, ultimately, and when applicable, the customers involved.

Average

Also known as an index, a mathematical computation that indicates the value of a number of securities as a group. The three most popular averages are the Dow Jones Industrial Average (DJI), Standard & Poor’s (S&P) 500, and the New York Stock Exchange Composite. The average, which may be market-weighted, share-weighted, or price-weighted, indicates performance.

Average Life

The estimate of maturity for a pool of mortgage-backed securities.