ANS: QOTW 2 FOR JUNE 2014

* Chitra Ramakrishna (born 1963) is the Managing Director 

and CEO of National Stock Exchange of India (NSE) since 

1st April, 2013 succeeding Ravi Narain. 

* She is a Chartered Accountant by profession, and has 

been with NSE since its inception. 

* She was part of the core five-member team selected 

by the government to create a screen based Pan Indian stock exchange.

* In 2013, she was ranked 17th in Fortune's 50 Most powerful 

Women in the World.

Congrats Vivek and Jingampou

QOTW 2 FOR JUNE 2014

Chitra Ramakrishna is the MD and CEO of which exchange?

(I)        NSE

(II)      BSE
(III)    MCX
(IV)     NCDEX

Sens your answers to profKMody@mail.com

Ans: First QOTW for June 2014

Floating rate term deposits are a variant of fixed deposits offered by banks. 
The interest rates on offer are linked to the bank’s base interest rate. 
This first such deposit was launched by State Bank of India 
in September 2010.

Congrats Stella

WORLD ENVIRONMENT DAY : 5 JUNE 2014

The UN General Assembly declared 2014 as 

the International Year of Small Island Developing States (SIDS). 

Therefore, World Environment Day 2014 will shine the spotlight on SIDS.

RBI CREDIT POLICY JUNE 2014

ACCORDING TO THE ECONOMICS TIMES
TODAY 03/06/2014
Reserve Bank of India kept key rates unchanged. 
While the repo rate was maintained at 8% and reverse repo rate at 7%, 
the SLR was cut by 50 basis points.

Rajan kept the policy rate unchanged at 8% at the previous review on April 1 as inflation, 
especially of food items, hovered at over 8%. 
Food inflation in April stood at 9.66% and retail inflation at 8.59%. 

Key measures: 

Reduces mandatory government bond holdings 25 basis points

Cuts export credit refinance to 32% of eligible export credit from 50%

Special term repo of 25 basis points to offset export credit cut

Price pressures to remain in May, but seasonal

If economy stays on course, no need for interest rate hike

To allow domestic funds in currency derivatives

Lifts individual USD remittance abroad to $125,000 vs $75,000

Allows all residents and non-residents except citizens 

of Pakistan and Bangladesh to take out Indian currency notes 

up to Rs. 25,000 while leaving the country.
 

First QOTW for June 2014

Which is the first bank to launch Floating rate term deposits in India?

A. State Bank of India 

B. ICICI Bank 

C. HDFC Bank 

D. Bank of India

Send your answers to profKMody@gmail.com

Answer: Mid-Vacation QOTW 2

An Education Cess of 2% and Secondary and Higher Education Cess of 1%
(collectively referred to as ‘education cess’) are levied on tax plus surcharge, 
if applicable, payable by all assesses.

Looks like all our members are on vacation :)