Saturday, May 28, 2011
BPSC 2011 answer key
(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
Thursday, April 14, 2011
Foreign Regulation in India
Forex management in India
Chalange for India in Forex management
Promoter Holding 75.07% in State Bank of Bikaner & Jaipur
Karur Vysya Bank Ltd having 3.51% Promoter Holding
CRISIL leading Rating Company expects higher interest rates
Sunday, March 20, 2011
World Cup: India run past Indies to meet Aussies
Arkan Eyes Capacity Expansion through Dhs100m Dry Mortar Plant
Al Quoz Industrial Area to Gain from Emirates NBD’s Bouquet of Banking Services
Polystyrene Demand to Go Up in UAE
UAE Undertakes to Fight Food Insecurity
Credit Crunch Drives another Nail in MFIs’ Coffin
Jasmine Revolution Smelling in China Now.
Saturday, March 19, 2011
Indonesia Is Capable of Building over 30 Nuclear Reactors
Corporation Bank Partners with Commonwealth Secretariat to Deliver Youth Entrepreneurship Programme
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.
Sugar Prices May Head North This Month
It has been seen that sugar prices spiral north during Christmas season and the New Year’s as global consumption and demand of sugar during the festive season experience a surge. To meet domestic demand and increased consumption, increased domestic production as well as import of sugar assumes significance.
Let Egypt Be a Lesson and Allow People to Protest, White House Spokesman Tells Iran
Assange Extradition Hearing Concludes,
Saturday, March 12, 2011
EPFO Favors Larger Investment in Public Sector Bonds for Higher Returns
With this decision, EPFO is now in a position to park a larger chunk of its corpus worth Rs 3.5 lakh Cr in corporate bonds of PSUs. The decision was taken by Central Board of Trustees (CBT) on Thursday coming in the wake of EPFO having exhausted the existing limits of investment for AA- rated PSUs (25% of net worth) and AAA-rated PSUs (40% of net worth) such as Power Grid Corporation, Power Finance Corporation, IDBI Bank and Corporation Bank. EPFO is permitted by regulation to invest only 30-60% of its corpus in the bonds of state-held companies, banking and financial institutions, while the balance is invested in Government securities.
The Labour Minister, Mr Mallikarjun Kharge asserted, “The increased exposure to such public sector institutions will help us get more interest, while saving money. Higher returns would also help us finance the increased interest payout in the next fiscal.”
EPFO has suspended further investment in the scam-tainted LIC Housing Finance, until the CBI’s investigation into the multi-crore bribes-for-loan scandal is completed. Retirement fund manager, EPFO has invested up to Rs 454 Cr in the bonds of the LIC Housing Finance Company till date. The current investment norms enable investment up to Rs 846 Cr. However, EPFO, which can invest balance Rs 392 Cr in the housing finance company, has decided not to do so pending completion of the CBI’s investigation into the housing finance racket.
Is Gulf Emerging as the New Tax Haven after Switzerland for Indians?
Mumbai, Mar,12. The past few months have seen an unusual spurt in deposit flows into several banks in Dubai, Abu Dhabi and the UAE financial centres. Interestingly, the surge in deposits has come about following a pact between India and Switzerland on August 30 to exchange sensitive information on tax-evaders. The treaty was viewed as India’s first step towards obtaining information on funds stashed away in Swiss banks’ accounts. A similar agreement with Bermuda, another tax haven had been reached too.
If data compiled by the Central Bank of UAE is any indication, total bank deposits surged more than $11 billion in October compared to an average monthly growth of $2.7 billion since January 2010.
Speculation is rife that money is moving out of Swiss banks and Dubai is an obvious choice for Indians as there is no tax. The modus operandi for such transaction is often floating of a firm staffed with local directors (many of them being Indians working in the Gulf) in Dubai Free Trade Zone. Subsequently, funds are wired from a tax haven (say, Switzerland) to a bank account opened in the firm’s name. The money finally ends up in a local bank and the newly-established firm receives and shows it as consultancy fee from international clients or as trading income
Indian Banks’ Share in Global Banking Pie to Nudge 2.8% by 2015
Mumbai, Mar,12. If the forecast by a McKinsey & Company report is any indication, the share of domestic banks in the global banking pie could almost double from the current (or the end of financial 2009)1.5% (revenues worth $2850 bn) to 2.8% (revenues worth around $4000 bn) by the end of fiscal 2015. The underlying assets of the domestic lenders could nudge $3 trillion and deposits could go as far as around $2.3 trillion. In the backdrop of this stupendous growth, the banking and financial sector will continue to be the mainstay of the Indian economy.
The report also predicts that the next decade could see at least 5-6 domestic banks figure in the top global 100 list. Consolidation among the banks could also pick up.
The revenues of the domestic lenders more than quadrupled over the past decade from $11.8 bn in 2001 to $46.9 bn in 2010. Also, their net profit rose almost nine-fold from a meager $1.41 bn in 2001 to 12.06 bn in 2010.
Moreover, market capitalization of the top 5 lenders in the country including SBI, ICICI Bank and PNB is expected to rise higher from 55% in 2005 to 66% by the end of the current fisca
Indian Banks’ Share in Global Banking Pie to Nudge 2.8% by 2015
Mumbai, Mar,12. If the forecast by a McKinsey & Company report is any indication, the share of domestic banks in the global banking pie could almost double from the current (or the end of financial 2009)1.5% (revenues worth $2850 bn) to 2.8% (revenues worth around $4000 bn) by the end of fiscal 2015. The underlying assets of the domestic lenders could nudge $3 trillion and deposits could go as far as around $2.3 trillion. In the backdrop of this stupendous growth, the banking and financial sector will continue to be the mainstay of the Indian economy.
The report also predicts that the next decade could see at least 5-6 domestic banks figure in the top global 100 list. Consolidation among the banks could also pick up.
The revenues of the domestic lenders more than quadrupled over the past decade from $11.8 bn in 2001 to $46.9 bn in 2010. Also, their net profit rose almost nine-fold from a meager $1.41 bn in 2001 to 12.06 bn in 2010.
Moreover, market capitalization of the top 5 lenders in the country including SBI, ICICI Bank and PNB is expected to rise higher from 55% in 2005 to 66% by the end of the current fisca