JPSC 4th PT General studies Answer Key

Here are the answers for JPSC 4th combined Pt exam held on 13-3-2011

Subject :- GENERAL STUDIES

Order of questions according to booklet series C. However recognize the questions and mark the answers.

1- it was Wednesday on July 15 = a

2- A clock shows time as 12:20. what angle = c

3- A one rupee coin placed on paper =d

4- Prema has son named Anand =c

5- The monsoon responsible for rain in JKD = b

6- what does philatelist do = b

7- the prime minister is = d

8- what of following is not tax/duty levied = d

9- in a dry cell = a

10- second most abundant metal = a

11- not a kharif crop = d

12- difference between IST and GMT = c

13- first Olympic games = c

14- microorganism hepatitis B = a

15- largest population of ST = c

16- Catharsis = c

17- match list 1.. Vanashree Rao = b

18- south asian countries has highest population density = c

19- carbon credit = a

20- if blue is green =d

21- 5179-3285 = b

22- book cry. the peacock = c

23- first women Jnanpith = d

24- DPSP borrowed from =a

25- Grand Trunk road = d

26- Manchester of South india = a

27- Thorium state largest = a

28- camel trading fair = a

29- type of economy of india = b

30- POCKET is coded = b

31- clock takes 5 min to strike = c

32- GoM approved for caste in Census= d

33- President Patil loan to Laos = c

34- Teflon = a

35- dry ice = d

36- rights in const. of india to non citizens = d

37- women gold asian games = d

38- Olympic 2016 =d

39- water % in plasma = d

40- protein working woman = b

41- inflation rate is measured = b

42- Falkland island = d

43- Ashtadhyayi = b

44- breathes through skin = c

45- bulletproof jackets = c

46- blood is = a

47- height of great himalayas = a

48- largest producer of milk = c

49- widest spoken language = a

50- Match List 1 (Disease) Rickets = a

51- National Anthem = c

52- party as national party = c

53- not a metallic mineral =c

54- artificial ripening gas = d

55- Ryotwari = d

56- Consider statement.. first session of INC = c

57 - Archaeological survey =a

58- Onge tribe = a

59- lymphocyte = b

60- hormone insulin = c

61- Mekong = b

62 – Vedas magic spells = c

63- Montagu- Chelmsford = b

64- correct chronological Shankaracharya = a

65 – Baking Soda is used = d

66- Match.. coal ..girdih = c

67- National highway longest = c

68- executive power of every state = a

69- santhal rebellion = d

70- districts in JKD = d

71- shimla of JKD = d

72- J in logo of JKD = 4

73- VAT first in state = c

74- JKD autonomous council = c

75- hemisphere is JKD state =c

76- object weights maximum in = a

77- IC chips = b

79- tropic of cancer passes = d

80- Public accounts committee = a

81- panchayat samiti = a

82- JKD Party founded by= a

83- JKD contribution in coal = a

84- Endoscope = d

85- AIDS virus = a

86- Gandhi first Satyagrah = c

87- Artificial Silk =a

88- Muslim Scholar Mahmud Gazni = b

89- cooking gas mixture = b

90- absolute zero = b

91- astronomical unit= a

92- 26 January selected as = c

93- metamorphic rocks = c

94- racial group largest in number = a

95- cotton is facing competition = c

96- threatens biodiversity c

97- cobalt 60 = c

98- fish can survive =c

99- point out pair wrongly matched.. chisti = c

100- stratosphere = d

BPSC 2011 Cut-off

BPSC organised Preliminary Examination for Combined State Services on 17th April, 2011.

The General Studies paper was a mixed bag. Some questions were very easy and direct specially on History and Current Affairs and some questions were tricky from Environmental Science, Geography etc.

The expected cut- off can be as follows, keeping in mind the number of seats and last batch cutoffs of BPSC.

General = 95 to 100

BC I = 85 to 90

BC II = 90 to 95

SC/ST = 80 to 85

BC (Girls) = 75 to 80

BPSC 2011 answer key

4. Which of the following is not a capital city?
(A) Canberra
(B) Sydney
(C) Wellington
(D) Riyadh
B
6. Folding is the result of
(A) epeirogenetic force
(8) Coriolis force
(C) orogenetic force
(D) exogenetic force
C
7. Amritsar and Shimla are almost on the same latitude, but their climate difference is due to
(A) the difference in their altitudes
(B) their distance from sea
(C) snowfall in Shimla
(D) pollution in Amritsar
A

8. Coal mines in Jharkhand are located at
(A) Jharia
(B) Jamshedpur
(C) Ranchi
(D) Lohardaga
A
10. The large States of India in the order of area are
(A) Rajasthan, Madhya Pradesh, Maharashtra
(B) Madhya Pradesh, Rajasthan, Maharashtra
(C) Maharashtra, Rajasthan, Madhya Pradesh
(D) Madhya Pradesh, Maharashtra, Rajasthan
A
11. Bihar is the — largest State of India according to Census 2001.
(A) second
(B) third
(C) fourth
(D) fifth
B
12. The highest wheat-producing State of India is
(A) Haryana
(B) Punjab
(C) Bihar
(D) Uttar Pradesh
D
13. TISCO plant is located near
(A) Patna
(B) Darbhanga
(C) Dhanbad
(D) Tatanagar
D
14. Which States in India are the largest producers of sugarcane?
(A) Bihar and Uttar Pradesh
(B) Uttar Pradesh and Rajasthan
(C) Andhra Pradesh and Jammu and Kashmir
(D) Punjab and Himachal Pradesh
A

16. According to 2001 Census, what is the total population of Bihar?
(A) 82998509
(B) 76210007
(C) 96878627
(D) 80176197
A

17. The East Central Railway zone headquarters is located at
(A) Patna
(B) Hajipur
(C) Muzaffarpur
(D) Katihar
B
19. North Bihar is famous for
(A) agricultural prosperity
(B) heavy industries
(C) flood
(D) famine
C
20. Which one is not located on National Highway-2 (NH-2)?
(A) Aurangabad
(B) Sasaram
(C) Mohania
(D) Patna
D
21. Congress passed the ‘Swaraj’ resolution in the year 1905. The purpose of the resolution was
(A) right to make a constitution for themselves but it was not done
(B) to secure self-rule
(C) responsible government
(D) self-government
D

(Please refer Bipan Chandra’s freedom struggle for independence)

22. The Provincial were constituted Act of Governments under the
(A) 1935
(B) 1932
(C) 1936
(D) 1947
A
23. The Indian comprises of Constitution
(A) 395 Articles, 22 Parts and 12 Schedules
(B) 371 Articles, 21 Parts and 11 Schedules
(C) 372 Articles, 20 Parts and 7 Schedules
(D) 381 Articles, 23 Parts and 8 Schedules
A
24. The Rajya Sabha consists of
(A) 280 members of which 20 members are nominated by the President of India
(B) 275 members of which 18 members are nominated by the President of India
(C) 250 members of which 12 members are nominated by the President of India
(D) 252 members of which 12 members are nominated by the President of India
C
25. January 26 was selected as the date for the inauguration of the Constitution, because
(A) the Congress had observed it as the Independence Day in 1930
(B) on that day the Quit India Movement was started in 1942
(C) it was considered to be an auspicious day
(D) None of the above
A
27. Of the following statements, which one is not correct?
(A) The Rajya Sabha is powerless in money matter
(B) Money Bills originate in the Rajya Sabha
(C) The Rajya Sabha has to pass Bills within 14 days after they are passed by the Lok Sabha
(D) The Rajya Sabha may pass or return the Money Bill with some recommendations to the Lok Sabha
B
30. ‘National Emergency’ may be declared by the President of India in line with
(A) Article 352
(B) Article 370
(C) Article 371
(D) Article 395
A
31. Of the following statements, which one is not correct?
(A) Supreme Court was constituted in 1950
(B) Supreme Court is the highest court of appeal in the country
(C) Supreme Court can hear from any High Court/Tribunals except from Court-martial
(D) Supreme Court can hear from any High Court/ Tribunals as well as from Court-martial
C
32. Who is the constitutional head of the State Governments?
(A) Chief Minister
(B) Governor
(C) Speaker
(D) High Court Judge
B
33. Commercial sources of energy purely consist of
(A) power, coal, oil, gas, hydro-electricity and uranium
(B) coal, oil, firewood, vegetable waste and agricultural waste
(C) power, coal, animal dung and firewood
(D) coal, gas, oil and firewood
A
35. When did the first oil crisis/ energy crisis occur in India?
(A) During 1950′s and 1960′s
(B) During 1930′s and 1940′s
(C) During 1990′s and 2000′s
(D) During 1970′s and 1980′s
D

37. Which type of economy does India have?
(A) Socialist
(B) Gandhian
(C) Mixed
(D) Free
C
41. Name the committee which was set up by the NDC in 1957 for the reorganisation of CDP and NES, which suggested a three tier system of rural local government
(A) Balwant Rai Mehta Committee
(B) Ashok Mehta Committee
(C) Maharashtra Committee on Democratic Decentralisation
(D) Rural-Urban Relationship Committee
A
42. Ashok Mehta recommended
(A) three-tier government of Panchayati Raj Committee
(B) two-tier government of Panchayati Raj
(C) single-tier government of Panchayati Raj
(D) multiple-tier government of Panchayati Raj
B
43. Consider the following about the ‘Rolling Plan’:
I. A plan for the current year which includes the annual budget
II. A plan for a fixed number of years, say 3, 4 or 5
III. It is revised every year as per requirements of the economy
IV. A perspective plan for 10, 15 or 20 years
Which of the above are correct?
(A) I and II
(B) I and III
(C) II and III
(D) I, II, III and IV
B
44. In which year was the ‘Planning Commission’ set up in India?
(A) 1950
(B) 1947
(C) 1948
(D) 1951
45. Patna International Airport is directly connected with
(A) Kathmandu (Nepal), New Delhi, Kolkata, Mumbai, Lucknow, Varanasi and Ranchi
(B) Bengaluru, Hyderabad and Dhaka
(C) Islamabad, Dhaka and Bengaluru
(D) Washington, Dhaka and Chennai
A
48. In Bihar, though ‘Zamindari’ was statutorily abolished In 1952, the social base of land control remained in the grip of
(A) Middle Caste Hindus
(B) Scheduled Caste Hindus
(C) Dominant Caste Hindus
(D) Scheduled Tribe Hindus
C
50. In Bihar, name the scheme which aims at building up infrastructural facilities of high standard, required for establishment of ‘Export oriented Units’
(A) Integrated Infrastructural Development (IID)
(B) Export Promotion Industrial Park (EPIP)
(C) Concept of Build-Operate- Transfer (BOT)
(D) Software/Hardware Technology Park (STP /HTP)
B
51. “Swaraj is my birthright and I shall have it.” Who said?
(A) M. K. Gandhi
(B) Jawaharlal Nehru
(C) Bal Gangadhar Tilak
(D) Bhagat Singh
C
53. How many representatives took part in the First Session of the Indian National Congress?
(A) 52
(B) 62
(C) 72
(D) 82
C
54. The first Indian Governor General of Independent India was
(A) Raja Gopalachari
(B) Surinder Nath
(C) Rajendra Prasad
(D) B. R. Ambedkar
A
56. The Non-Cooperation Movement was started in
(A) 1918
(B) 1920
(C) 1921
(D) 1922
B
57. The Montagu-Chelmsford Report formed the basis of
(A) the Indian Independence Act, 1947
(B) the Indian Councils Act, 1909
(C) the Government of India Act, 1919
(D) the Government of India Act, 1935
C
58. Who is popularly known as ‘Sher-e-Punjab,?
(A) Rajguru
(B) Bhagat Singh
(C) Lala Lajpat Rai
(D) Udham Singh
C
59. Gandhi-Irwin Pact took place in
(A) 1930
(B) 1931
(C) 1932
(D) 1933
B
60. Which Round Table Conference held in 1932?
(A) First
(B) Second
(C) Third
(D) Fourth
C
61. Who is associated with ‘Abhinav Bharat’?
(A) V. D. Savarkar
(B) C. R. Das
(C) B. G. Tilak
(D) S. C. Bose
A
62. ‘Do or Die’ is associated with the following movement
(A) Dandi
(B) Non-Cooperation
(C) Khilafat
(D) Quit India
B
64. At which place was the 27th Session of the Indian National Congress held?
(A) Bhagalpur
(B) Patna
(C) Ranchi
(D) Bankipur
D

68. Shri Nivaranchandra Dasgupta belonged to
(A) Patna
(B) Purulia
(C) Hazipur
(D) Meenapur
B
69. Kunwar Singh was the King of
(A) Hamirpur
(B) Dheerpur
(C) Jagdishpur
(D) Rampur
C
70. Lord Sinha had resigned in 1921 from the post of Governor of
(A) Bihar-Orissa
(B) Bengal
(C) Punjab
(D) Madras
A
73. The median of 2, 4, 6, 8, 10, 12, 14, 16 is
(A) 8
(B) 9
(C)10
(D)11
B
75. The length of the minute hand of a clock is 12 cm. Then the area swept by the minute hand in one minute will be
(A) 22•12 cm2
(B) 23•10 cm2
(C) 24•12 cm2
(D) None of the above
D
76. A player completes 2200-metre race in any circular path with 7 revolutions. Then the radius of the circular path is ( 1t = ~2)
(A) 30 metres
(B) 40 metres
(C) 50 metres
(D) 60 metres
C
77. The coordinates of the mid- point on joining the points P (4, 6) and Q (- 4, will be
(A) (2, 7)
(B) (7, 2)
(C) (7, 0)
(D) (0, 7)
D
79. In triangle PQR if L.P = 120 degree and PQ = PR, then L. Q and L.R will be respectively
(A) 60°, 30°
(B) 30°, 40°
(C) 30°, 30°
(D) 20°, 40°
C
81. The visible range of solar radiation is
(A) 100-400 nm (B) 400-700 nm (C) 740-10000 nm (D) None of the above
B
82. Plants which grow on saline soils are
(A) xerophytes
(B) hydrophytes
(C) halophytes
(D) succulents
C
83. Environment is a composite state of
(A) biotic factors
(B) physiographic factors (C) abiotic factors
(D) All of the above
D
84. Water is conducted in vascular plants by
(A) phloem tissue
(B) parenchyma tissue (C) meristems
(D) xylem tissue
D
87. Development of the natural systems is described as
(A)~nction of the systems
(B) evolution of the systems
(C) self-sustained process of the systems
(D) None of the above
C
88. Genetics deals with
(A) Mendel’s laws
(B) organic evolution
(C) DNA structure
(D) heredity and variations
D
92. A single type of atom is found in
(A) compounds of minerals
(B) mixture of minerals
(C) native elements
(D) None of the above

C
95. Photosynthesis occurs in
(A) nucleus
(b) mitochondria
(C) chloroplast
(D) peroxisome
C
97. Which of the following do not belong to solar system?
(A) Asteroids
(8) Comets
(C) Planets
(D) Nebulae
D
101. Who among the following is the winner of the Mahatma Gandhi International Award for Peace and Reconciliation, 2009?
(A) Yukia Amano
(B) Aung San Suu Kyi
(C) Bill Gates
(D) Hillary Clinton
A
102. ‘Durand Cup’ is associated with the game of
(A) football
(B) polo
(C) cricket
(D) hockey
A
103. For which word, the letter ‘G’ has been used in ’2G Spectrum’?
(A) Global
(B) Government
(C) Generation
(D) Google
C
104. Former Central Minister for Communication and Information Technology, Mr. A. Raja belongs to which of the following parties?
(A) Congress
(B) BJP
(C) Communist Party of India
(D) DMK
D
105. Which one of the following numbered Rajdhani trains covers the longest distance?
(A) 12429 Bangalore City Junction
(B) 12431 Trivandrum Central
(C) 12433 Chennai Central
(D) 12435 Dibrugarh Town
B
111. ‘AVAHAN’, the Indian segment of ‘Bill and Melinda Gates Foundation’, is engaged in the prevention of
(A) dengue
(B) polio
(C) HIV / AIDS
(D) filariasis
C
112. A recently held underwater meeting has drawn attention world over. The meeting was held by
(A) Some Somali pirates to make a new strategy for capturing ships for ransom
(B) Some environmental scientists for promoting awareness for saving water
(C) some activists environmental awareness for promoting against air pollution
(D) The cabinet of a country to highlight the threat of rising sea level for any country
D
115. The time at Cairo is 2 hours ahead of Greenwich. Hence, it is located at
(A) 30° W longitude
(B) 30° E longitude
(C) 28° E longitude
(D) 28° W longitude
B
116. The headquarters of International Court of Justice is at
(A) Hague
(B) New York
(C) Geneva
(D) Paris
A
118. Which university was ranked first in the list of ’2010 Academic Rankings of the World Universities ‘?
(A) Jawaharlal Nehru University, India
(B) Cambridge University, Britain
(C) Harvard University, USA
(D) Massachusetts Institute of Technology, USA
C
120. In which country, Ms. Julia Gillard was made the first woman Prime Minister in the year 2010?
(A) Australia
(B) Canada
(C) Germany
(D) Poland
A
121. Which country’s parliament has banned ‘Burqa’ by passing a law on 14th September, 2010?
(A) USA
(B) France
(C) Italy
(D) Holland
B
123. Mr. P. J. Thomas has been appointed as the Central Vigilance Commissioner on September 7,2010. He is an IAS Officer of the following State’s cadre
(A) Assam
(B) Karnataka
(C) Kerala
(D) Tamil Nadu
C

126. Match the achievements of India in the XVI Asian Games, 2010 :
1. Rank P. 14
2. Gold Q. 33
3. Silver R. 06
4. Bronze S. 17
(A.) 1 2 3 4
Q R P S
(B) 1 2 3 4
R P S Q
(c.) 1 2 3 4
P Q R S
(D) 1 2 3 4
S R P Q
B
128. Which Indian was honoured by the ‘World Statesman Award, 2010′?
(A) Mrs. Sonia Gandhi
(B) Atal Bihari Vajpayee
(C) Dr. Manmohan Singh
(D) Lal Krishna Advani
C
129. India’s Third Research Centre at Antarctica is name as
(A) Bharti
(B) Swagatam
(C) Hindustan
(D) Maitri
A
131. Which of the following is a Harappan port?
(A) Alexandria
(B) Lothal
(C) Mahasthangarh
(D) Nagapattanam
B
132. The Gupta emperor who defeated the ‘Hunas’ was
(A) Samudragupta
(B) Chandragupta II
(C) Skandagupta
(D) Ramgupta
C
133. What is the name of Kalhana’s book?
(A) Arthashastra
(B) Indica
(C) Purana
(D) Rajtarangini
D
134. Which inscription tells about the various achievements of Rudradaman I?
(A) Junagarh
(B) Bhitari
(C) Nasik
(D) Sanchi
A
135. Who was the first ruler of the Slave dynasty?
(A) Qutubuddin Aibak (B) Iltutmish (C) Razia (D) ‘Balban
A
136. Who was the ruler of Devgiri at the time of Alauddin Khalji’s invasion?
(A) Prataprudra bev (B) Ramchandra Dev (C) Malik Kafoor (D) Rana Ratan Singh
B
137. Who of the following Muslim rulers abolished the pilgrimage tax?
(A) Bahalol Lodi (B) Sher Shah (C) Humayun (D) Akbar
D
139. The ‘Permanent Settlement’ was made with
(A) Zamindars (B) village communities (C) Muqaddamas (D) peasants
A
140. Who was the founder of ‘Prarthana Samaj?
(A) Atmaram Panduranga (B) Tilak (C) Annie Besant (D) Rasbihari Ghosh
A

141. Who was the father of Indian Renaissance?
(A) Bal Gangadhar Tilak
(B) Dayananda Saraswati
(C) Shraddhananda
(D) Raja Ram Mohan Roy
D
142. ‘Swaraj Dal’ was founded by
(A) Tilak and Chittaranjan Das
(B) Gandhi and Motilal Nehru
(C) Gandhi and Tilak
(D) Chittaranjan Das and Motilal Nehru
D
143. Who founded the ‘Theosophical Society’?
(A)Madame H, P. Blavatsky
(B) Raja Ram Mohan Roy
(C) Mahatma Gandhi
(D) Swami Vivekananda
A
144. Which one of the following books was written by Tilak?
(A) India in Transition
(B) Gita Rahasya
(C) Gokhale-My Political Guru
(D) Discovery of India
B
145. Where was Mahaveer Swami born?
(A) Kundagram
(B) Pataliputra
(C) Magadh
(D) Vaishali
A
146. Where did Mahatma Buddha’s ‘Mahaparinirvan’ take place?
(A) Lumbini
(B) Bodh Gaya
(C) Kushinara
(D) Kapilavastu
C
147. At which place did Mahatma Buddha give his first ‘Dharmachakrapravartan ‘?
(A) Lumbini
(B) Sarnath
(C) Pataliputra
(D) Vaishali
B
148. What was the early capital of Magadh?
(A) Pataliputra
(B) Vaishali
(C) Rajagriha (Girivraja)
(D) Champa
C
149. What was the name of the dynasty of Ajatshatru?
(A) Maurya
(B) Haryanka
(C) Nanda
(D) Gupta
B
150. The Third Buddhist Council was convented at
(A) Takshashila
(B) Sarnath
(C) Bodh Gaya
(D) Pataliputra
D

Foreign Regulation in India

When trade takes place between the residents of two countries, the two countries being a sovereign state have their own set of regulations and currency. Due to this, problem arises in the conduct of international trade and settlement of the transactions .While the exporter would like to get the payment in the currency of its own country, the importer can pay only in the currency of the importers country. This creates a need for the conversion of the currency of importer’s into that of the exporter’s country. Foreign exchange is the mechanism by which the currency of one country is gets converted into the currency of another country. The conversion is done by banks who deal in foreign exchange.

History of Money:

In recent times, people used to trade with bartering which means the exchange of a good or service for another good or service, a bag of rice for a bag of beans. When Barter system start creating problems, the commodity money system lessen the problem of trade.

Commodity money is money whose value comes from a commodity out of which it is made. It is objects that have value in themselves as well as for use as money. Commodity money still had some problems like, currency was not unified and the quality of currency varied. Some used high-quality grains for currency, which would be a rare occasion. Majority used low-quality commodities, since it has equal amount of purchasing power compared to the same amount of high-quality commodities. This system didn’t solve the problem of trade because of non-standardization. This leads to the development of coinage system which includes metals like copper, silver, and gold. This system solved the problem of trade and gives some standard also. After this era, the most dramatic evolution came in the history of money which was starting of paper currency which was originated representative currency and fiat money. Representative money refers to money that consists of a token or certificate made of paper (legal tender). The use of the various types of money including representative money, tracks the course of money from the past to the present. Gold certificates or Silver certificates are a type of representative money which was used in the United States as currency until 1933. Fiat money refers to money that is not backed by reserves of another commodity. The money itself is given value by government fiat or decree, enforcing legal tender laws, previously known as "forced tender", whereby debtors are legally relieved of the debt if they pay it off in the government's money.

International trade requires an international standard to solve the problem of trade. Before gold standard, it faced many difficulties in trade between two countries. The evolution of gold standard gives a huge boost.

Forex management in India

Forex management is one of the complex procedures to follow on by regulators around the world. The country like India where trade deficit has been the regular reflection of overseas trade and balance of payment is at negative side, the management of forex became challenging. Historically trading history started from batter system to punch mark coins and now at currency system. The central government in India has wide powers to control transactions in foreign exchange. Until 1992 all foreign investments in India and the repatriation of foreign capital required prior approval of the government. The Foreign-Exchange Regulation Act, which governs foreign investment, rarely allowed foreign majority holdings. However, a new foreign investment policy announced in July 1991 prescribed automatic approval for foreign investments in thirty-four industries designated high priority, up to an equity limit of 51 percent. Initially the government required that a company's automatic approval must rely on matching exports and dividend repatriation, but in May 1992 this requirement was lifted, except for low-priority sectors. In 1994 foreign and nonresident Indian investors were allowed to repatriate not only their profits but also their capital. Indian exporters are also free to use their export earnings as they see fit. However, transfer of capital abroad by Indian nationals is only permitted in special circumstances, such as emigration. Foreign exchange in India is automatically made available for imports for which import licenses are issue.

The main constrain in India’s rapid growth is the infrastructure bottleneck and lack of capital formation in the country. India has been the rider of Hindu growth rate since 1947,the trigger came after four decade after independence when country get the real freedom to grow with the legs of liberalization ,privatization and globalization opted by Rao Manmohan duo in early nineties. The new policy allowed the foreign direct investment, advent of new technology, public private participation backed by IT revolution in the country. The change of policy paid well in the form of improvement in Micro and Macro economic indicator like GDP growth, employment generation, infrastructure development, export and import growth, forex reserve, country rating, business confidence, governance, etc.

Chalange for India in Forex management

India is an emerging economic hub; Indian trade to world has gone up significantly post WTO, after the BOP crisis in nineties India has managed their foreign exchange quite well. We are going to explore the practices which were opted in the past and the change that government is planning to do in future. And the practices which is opted by the global players to manage their foreign exchange reserve.

Till now, India is using most of their reserve for their BOP requirements we are more concern with liquidity and safety of the Forex reserve. We will explore the opportunity for the use of the Forex reserve for the development of infrastructure project in our country. Infrastructure in

India has been the core problem and great hindrance of our growth .In spite of huge expenditures in the infrastructure by the government country is still having inadequate facilities and blame has been given to the lack of fund with government, at the same time billions of dollar of Forex reserve are kept idle with the government .If part of the reserve will be planted in the infrastructure project it will help to fix the problem, once infrastructure issue will be solved the FDI inflow will increase and it will further increase the Forex reserve in longer period and help in prosperity of the nation.

Diversification by adding more currencies and their proportion in our foreign exchange reserve basket to adjust our reserve with our requirements, because world economy order is dynamic and it has changed a lot after the advent of European Union and their common currency, emergence of Euro zone and better performance of emerging market is also forcing to adopt the changes. Record fall in dollar index also propel the idea of balancing the Forex basket for the countries. World has become the global village and divided into several trade blocks which have their own dynamics, to adjust with these dynamics in changing equation country has to rebalance their policy regarding the Forex management for their sustainable growth in future.

Promoter Holding 75.07% in State Bank of Bikaner & Jaipur

Mumbai, Apr,14: As per the information submitted by the State Bank of Bikaner & Jaipur to stock exchange regarding the share holding pattern of the bank quarter ended December 31, 2010 (Q3) the holding of Foreign Institutional Investor seen down to 1.11 percent from the previous quarter holding of 2.95.The promoter holding increased to 75.07 from 75.00 in previous quarter. Domestic Institutions holding has increased to 4.20 per cent in the Q3 from 2.56 in Q2. However, the other segment including retail shareholding in the share has increased to 19.62 per cent from 19.49 which were reported in Q2. The Bank has reported revenue growth of Rs 12,262.20 million net profit of Rs 1,324.50 million, Earning per Share (EPS) Rs 26.49 and Net Profit Margin percent 10.80 reported in quarter ending December 2010.

Karur Vysya Bank Ltd having 3.51% Promoter Holding

Mumbai, Apr,14: As per the information submitted by the Karur Vysya Bank Ltd to stock exchange regarding the share holding pattern of the bank quarter ended December 31, 2010 (Q3) the holding of Foreign Institutional Investor seen down to 21.43 percent from the previous quarter holding of 21.79.The promoter holding reduced to 3.51 from 3.53 in previous quarter. Domestic Institutions holding has increased to 4.24 per cent in the Q3 from 3.92 in Q2. However, the other segment including retail shareholding in the share has increased to 70.78 per cent from 70.76 which were reported in Q2. The Bank has reported revenue growth of Rs 5,754.90 million net profit of Rs 1,132.20 million, Earning per Share (EPS) Rs 14.86 and Net Profit Margin percent 16.67 reported in quarter ending December 2010.

CRISIL leading Rating Company expects higher interest rates

CRISIL leading Rating Company expects higher interest rates and commodity prices to slow down investment-driven demand in the country, with rising rates moderating retail demand, it said in a statement on Wednesday.

Indian companies' credit quality is peaking and profitability of players in the cement, chemicals, construction, automobile and textile spinning industries may be affected by high input prices, CRISIL said that the External factors, such as surging oil prices due to unrest in West Asia and North Africa and interruption in trade and investments, can have a "large impact on corporate credit quality.CRISIL has modified credit ratio (MCR), an indicator of the relative frequency of upgrades and downgrades, rose for the second year, after plummeting to a decade low in FY09.

However, an improvement in the MCR is likely to be limited, going forward, on higher pressure on profitability and intensifying competition, it said.Increased profitability pressures are expected to continue over the medium-term, it said

World Cup: India run past Indies to meet Aussies

"Smith was taking it away from the Indians as West Indies were placed comfortable at 154 for two in the 31st over but once Zaheer Khan bowled Smith, the Caribbeans lost wickets in a heap.

Harbhajan sent back hard-hitting Keiron Pollard (1) and Yuvraj had Devon Smith (2) stumped by Dhoni. That brought skipper Darren Sammy on to the crease but threw his wicket by running himself out, thanks to a terrible mix up with Sarwan.

Yuvraj struck for the second time when he had Andre Russell (zero) caught by Yusuf Pathan at point.

Zaheer ended all Windies hopes when he scalped Sarwan.

It was Ashwin, playing his first game in the tournament, who handed India its first breakthrough by trapping Edwards with his carrom ball.

The umpire had initially turned down the appeal but the the decision had to be overturned after the Indians asked for a review, which went in their favour."

Source Indian Express

Arkan Eyes Capacity Expansion through Dhs100m Dry Mortar Plant

UAE, Mar, 20. Arkan Building Material Company has announced the launch of a Dhs100m dry mortar plant in Al Mafraq. The setting up of the state-of-the-art facility called Arkan Dry Mortar spread over more than 57000 square meters of area is a part of Arkan’s capacity expansion drive within the category of dry mortar products.

Arkan Dry Mortar has a wide range of products such as machine applied plasters, masonry mortars, tile mortars, and floor screeds. The Arkan plant will also provide such facilities as palletizing, tanker filling, and automatic shrink wrapping.

Saeed Al Mutawa Al Dhaheri, VP- Projects, Arkan expressed optimism in calling the new facility a sound investment and an enterprise that would persist in providing quality and cost-effective solutions to the regional construction industry.

The project Arkan Dry Mortar will produce pre-mixed mortars at the rate of 1000 tonnes per day.

Construction work has begun at the site, and by the fourth quarter of 2011, the unit is expected to be fully operational.

Al Quoz Industrial Area to Gain from Emirates NBD’s Bouquet of Banking Services

Emirates, Mar, 20. Emirates NBD, a prominent bank in the emirates, announced opening of its new branch and business centre in Dubai with a view to catering to the local residents and providing comprehensive banking services to the people working in the Al Quoz industrial area.

With 132 branches, 705 ATMs and SDMs, the retail banking franchise of Emirates NBD in the UAE registers a strong presence. It is also a prominent player in the corporate banking sphere in the UAE. The bank also has a wide coverage of operations such as Islamic banking, private banking, investment banking, brokerage operations and asset management. ]

The bank also operates in several countries such as the UK, the UAE, Qatar, the Kingdom of Saudi Arabia as also having representative offices in Singapore, Iran and India

Polystyrene Demand to Go Up in UAE

If the figures of a semi-official study are any indication, it would seem that the consumption of polystyrene is a barometer of development as the material has found widespread application in the construction boom in the UAE as an insulating material as also registering ubiquitous presence as a material for packaging and disposable crockery. Polystyrene imports by the UAE have understandably more than doubled over the past eight years with an average annual growth of around 5.5 per cent. However, it is the domestic manufacturing of polystyrene and not just the imports that satiates the demand for more and more polystyrene. In fact, domestic production of XPS products in the UAE that started in 2003 has resulted in imports coming to a virtual halt, and almost the entire demand is being met by domestic manufacturing.

The fact that the material remains non-biodegradable is perhaps one factor that could constrain the growth in demand, but not by much, as collection of the material for the purpose of recycling should not be problem. Globally the dominant presence of polystyrene as a construction material cannot be overemphasized, said the study by the government supported Emirates Industrial Bank. EIB opines that installing thermal insulation systems in buildings could reduce the power requirements of a building by as much as 40%. According to EIB, the polystyrene products have two categories: Expanded Polystyrene (EPS) and Extruded Polystyrene (XPS).

UAE Undertakes to Fight Food Insecurity

March,20: Amid rising concerns over a myriad of issues-- the over-dependency of the Arab world on foreign shores for food security; stray incidents of food scare in the form of carcinogenic pesticides allegedly found in food imports; the UAE’s domestic self-sufficiency crippled by a paucity of arable land and water as well as the latest misgivings of the UN Food and Agriculture Organization about global food security expected to plummet over the next two years in case the maize and wheat production does not bump up substantially by 2011-- the oil-rich UAE has apparently undertaken to wage a war on food insecurity in all of its forms.

Several of the Gulf States may be floating on oil, but these oil-rich nations have to look further than their own shores to meet their food demands as the supplies come from India, many of the African nations such as Sudan and farmlands of other foreign countries. The UAE has to import nearly 80% of its food products as the locally processed food account for an exiguous 20%.

Quite understandably, the UAE has chalked up a plan to set up a government-owned multi-million dollar trading house in its bid to secure vagaries-free food supplies for its teeming millions. Agricultural investments abroad would have to be ramped up and the domestic produce would have to be given more of a fillip.

Credit Crunch Drives another Nail in MFIs’ Coffin

Mumbai, Mar,20. If one didn’t know better, it would seem that the microfinance industry in India is in the throes of heaving its last breath with the flat refusal by banks to lend credit to microfinance institutions (MFIs), as the chances of loan recovery are nothing if not slim. As the credit-crunch precipitated by the refusal by banks to lend credit to MFIs drives another nail in the dying industry, Vijay Mahajan, President of Microfinance Institutions Network (MFIN), an industry group, feels that a clutch of MFIs may be forced to shut down their businesses as early as 1 January. “Come January, and we are dead,” he said.

Vijay Mahajan’s comment came on the sidelines of a banking conference here. MFIN which comprises 44 member companies accounts for nearly 80% of the microfinance lending in India.

Mahajan said MFIs are ready to provide any collateral that they are asked to even if it is equity, but he added that banks have not lent at all to the microfinance sector in the last six weeks. Corporation Bank, CMD, Ramnath Pradeep, said that he had told his MFI clients that any new lending would entail their agreement, of necessity, to the conversion of loans into equity in case of a default.

Bank funding for MFIs has come to a virtual stop ever since the Andhra Pradesh government issued an ordinance to coerce recovery and began capping loan rates which caused lending and collections to nosedive and private-equity backed micro-lenders to delay sale of shares

Jasmine Revolution Smelling in China Now.

Chinese Government is lessening pedals on foreign journalists, after the third week of calls for protests to show unity with the “Jasmine Revolutions” in the Middle East. However there wasn’t noticeable demonstration last week, but the foreign journalists at the scene were stressed.

Stiff security in Beijing is a normal characteristic of the annual legislative session of the National People’s Congress.

The circumstances this year has became more complex by online calls for Chinese citizens to protest pn discrimination in country and to show unity with the so-called "Jasmine Revolutions" across-the-board in the Middle East.

Sunday was the third consecutive week that unidentified organizers called for Chinese to come out to designated demonstration sites in cities across the china. Despite of that there wasn’t any reports of any major incidents.

Last week, Chinese security personals and foreign journalists outnumbered obvious protesters at the designated Beijing site, Wangfujing Street. There was no clear protest, yet unidentified men beat or physically abused foreign journalists at the scene.

This Sunday, Chinese authorities tried to prevent a repeat of those incidents by persuading foreign journalists not to go there. Many reporters were warned they would be expelled from the country if they were caught breaking the law.

The Beijing city government called a news conference Sunday afternoon, at exactly the same time as the would-be demonstration.

Beijing officials echoed central government authorities, in denying that there are changes to formal State Council rules governing journalist activities.

But Li Honghai, with the Beijing Foreign Affairs office, said a booklet distributed at the briefing shows how the city’s laws, in his words, "build on" the State Council’s laws.

Li says Beijing’s policy is that foreign correspondents who want to do reporting in downtown Beijing need to first apply to city authorities for permission.

Authorities did not grant permission to any foreign news organization for any reporting from Wangfujing this Sunday.

Beijing’s spokeswoman, Wang Hui, says stability is the paramount concern. She also responded to questions about the beating of an American journalist last Sunday.

Wang says the incident was reported to the police, who are treating the issue with what she described as "full seriousness" and are conducting an investigation.

At the same time, she did not address a question about how this kind of violence could have happened in broad daylight, in a public place in downtown Beijing, with so many policemen around.

Indonesia Is Capable of Building over 30 Nuclear Reactors

Bangka Belitung (Indonesia), Mar,19. According to an expert staff at the National Nuclear Energy Agency (BATAN), Indonesia has the capacity to build over 30 nuclear reactors, given that it has favorable geological conditions and adequate reserves of materials.

Dr Wawan Purwanto holds the view that every province of Indonesia has the capacity to build a nuclear reactor as the geological conditions and large reserves of materials favor too.

At present, Indonesia has 3 nuclear reactors, one each in Serpong, Yogyakarta and Bandung with a total capacity of 90 MW. The expert also observed that Korea which is only a third of Java Island possesses 20 nuclear reactors whereas China has 30. He also opined that the nuclear energy was cleaner and less expensive compared to other types of energy.

Babel (Bangka Belitung) has been earmarked as a nuclear energy spot in Bangka Barat District.

Corporation Bank Partners with Commonwealth Secretariat to Deliver Youth Entrepreneurship Programme

Mangalore, Mar,19. Corporation Bank and the Commonwealth Secretariat, London have entered a tie-up to help young people and women of rural India access credit for enterprise development activities. A press release quoting Mr Ramnath Pradeep, CMD, Corporation Bank said that a Youth Entrepreneurship Programme would be delivered and piloted in partnership with the Secretariat.

Corporation Bank offers its branchless banking facility through business correspondents to those who lack proper access to finance in rural India as also for those who have to travel long distances to bank branches. The aim of the project is to take technology to the doorstep of villages and bring prosperity to rural India so as to bridge the rural-urban divide.

Mr Steve Cutts, Commonwealth Assistant Secretary-General said that financial inclusion is critical for achieving inclusive growth. It addresses three major issues such as access to financial services, affordability of such services, and the actual utilization of these services.

As stated in the release, the modalities of the programme will be worked out between the two organizations and the programme will be formally launched soon.

SME Segment to Figure High on Federal Bank’s Agenda

Chennai,Mar,19.For the newly appointed Managing Director and CEO of Federal Bank, Mr Shyam Srinivasan, the SME segment is the immediate priority as he, buoyed by the bank’s solid footprints outside India, sets out to exploit opportunities for doing business matching .

Out of its 750 branches, Federal bank has identified 114 branches as SME and is going to establish regional commercial hubs that will have committed teams of sales executives who will aggressively generate business.

The underleveraged treasury products will be given prime attention. In order to secure full value for the SMEs domestic as well as international products will have to be rolled out, as several of the SMEs do cross-border transactions. The under-marketed foreign exchange products also need to be spotlighted. Given that several of the SMEs are looking beyond Indian shores, Federal Bank should be leveraging its relationship and scaling up its capability.

Federal Bank expects to boost the risk management by setting up 13 regional credit hubs. The bank already enjoys good technology platform like Finacle, CBS and also has the Internet and mobile banking.

Bankers Breathe Easily as Warning of Report to CIB Helps Defaulters Mend Their Ways

Mumbai, Mar,19.It would seem that the defaulters would now have to mend their ways and pay up or they could end up in the credit bureau’s negative list which could well jeopardize their future relationship with other banks that would refuse entertaining such individuals as have a bad credit history. Not only have a lot of banks breathed a sigh of relief, as well they might, some of them have actually got the defaulters to cough up their dues, as the warning of a possible report to the Credit Information Bureau works like a charm, convincing the defaulters to refrain from defaulting on their payments.

The gambit has apparently paid off as the banks try this as a first resort before appealing to the debt recovery tribunal or taking refuge in Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002.

The provisions of the Credit Information Companies (Regulation) Act, 2005 make it mandatory for all credit institutions including banks and housing finance companies to become a member of at least one credit information company (to name a few, Credit Information Bureau (India) Ltd, Experian Credit Information Company of India Pvt Ltd and Equifax Credit Information Services Pvt Ltd) with whom they would be sharing their credit data.