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KYO (Know Your Organization) -WHO

The World Health Organization (WHO) is a specialized agency of the United Nations (UN) that is concerned with international public health. It was established on 7 April 1948, headquartered in Geneva, Switzerland. WHO is a member of the United Nations Development Group. Its predecessor, the Health Organization, was an agency of the League of Nations. The constitution of the World Health Organization had been signed by 61 countries on 22 July 1946, with the first meeting of the World Health Assembly finishing on 24 July 1948. It incorporated the Office International d’Hygiène Publique and the League of Nations Health Organization. Since its creation, it has played a leading role in the eradication of smallpox. Its current priorities include communicable diseases, in particular, HIV/AIDS, Ebola, malaria and tuberculosis; the mitigation of the effects of non-communicable diseases; sexual and reproductive health, development, and aging; nutrition, food security and healthy eating; occupational health; substance abuse; and drive the development of reporting, publications, and networking. WHO is responsible for the World Health Report, a leading international publication on health, the worldwide World Health Survey, and World Health Day (7 April of every year).

Flag of the World Health Organization
Abbreviation WHO
OMS
Formation 7 April 1948
Type Specialized agency of the United Nations
Legal status Active
Headquarters Geneva, Switzerland
Head Margaret Chan
Parent organization United Nations Economic and Social Council (ECOSOC)
Website www.who.int
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ANSWER KEY D-BAT(DAILY BANKING AWARENESS TEST): 18-12-2014

ANSWER KEY D-BAT(DAILY BANKING AWARENESS TEST): 18-12-2014

Q.1. Indian-American __________has been confirmed by the US Senate as a federal judge in the District of Columbia, becoming the first Asian Pacific American to occupy this important position.

Ans: (1) Amit Priyavadan Mehta

Q.2. ‘Clean India Green India’ is the theme of the Indian government’s calendar for__________

Ans: (2) 2015

Q.3. Which state government announced a relief package of Rs. 1,100 crore for farmers in the State?

Ans: (4) Gujarat

Q.4.According to private wealth consultancy Wealth-X_________, the founder and executive chairman of Chinese e-commerce major Alibaba, is 2014’s biggest financial gainer.

Ans: (4) Jack Ma

Q.5. Asia is set to surpass _______________to become the world’s largest e-commerce market this year, according to the Economist Intelligence Unit (EIU).

Ans: (3) North America

Q.6. Bollywood actress _______and former Supreme Court judge Justice KS Panicker Radhakrishnan have been given PETA India’s People of the Year award for their contribution towards the protection of animals.

Ans: (4) Jacqueline Fernandez

Q.7. Chinese pro-democracy activist Xu Youyu, who was among key signatories of a 2008 manifesto seeking sweeping political reforms in China, was awarded _____________ Olof Palme human rights prize.

Ans: (2) Sweden’s

Q.8.Which state has bagged Krishi Karman award for 2013-14 for excelling in wheat production?

Ans: (3) Madhya Pradesh

Q.9.  _____________of 2 Signal Training Centre Goa broke the Guinness World Record for travelling the farthest distance balancing a football on the head.

Ans: (2) Naib Subedar Azad Singh

Q.10. According to Energy and Mining Minister Rajendra Shukla the world’s biggest________solar power station will come up in Rewa district’s Gudh area, Madhya Pradesh.

Ans: (4) 750 mega watt

TOP HEADLINES –19.12.2014

1. India’s heaviest test rocket with an experimental crew module blasted off successfully from the spaceport. Indian Space Research Organisation (Isro) launched GSLV Mark III carrying an unmanned crew module. The 630 tonne Geosynchronous Satellite Launch Vehicle-Mark III (GSLV-Mark III) standing 43.43 metre tall freed itself from the second launch pad holds and with a reverberating deep throated roar, it rose into the sky.

भारत ने अब तक के अपने सबसे वजनी व नवीनतम पीढ़ी के रॉकेट जीएसएलवी-मार्क3 का सफलतापूर्वक परीक्षण किया। यह रॉकेट अपने साथ प्रायोगिक क्रू मॉड्यूल भी लेकर गया है, जो मानवरहित है। 630 टन वजनी और 43.43 मीटर लंबे भू-स्थैतिक उपग्रह प्रक्षेपण यान-मार्क3 (जीएसएलवी-मार्क3) ने प्रक्षेपण के कुछ ही सेकंडों में अपने को दूसरे लांच पैड से अलग कर लिया और आकाश में उड़ान भरी।

2. Tata Steel has been chosen as one of the 100 Most Valuable Brands of the year 2014 by World Consulting & Research Corporation (WCRC), Asia’s No 1 Brand Rating & Ranking company.

एशिया की नंबर वन ब्राड रेटिंग और रैंकिंग कंपनी ‘व‌र्ल्ड कंसल्टिंग एंड रिसर्च कॉर्पोरेशन (डब्ल्यूसीआरसी)’ ने टाटा स्टील को वर्ष 2014 के सौ सर्वाधिक मूल्यवान ब्राडों में से एक ब्राड के रूप में चुना है।

3. The US Senate confirmed Tony Blinken as deputy secretary of state, installing a seasoned insider who has served as a close advisor to President Barack Obama. He will succeed William Joseph Burns.

अमेरिकी सीनेट ने राष्ट्रपति बराक ओबामा के उपराष्ट्रीय सुरक्षा सलाहकार एंटनी ब्लिंकेन को उपविदेश मंत्री नियुक्त किए जाने को मंजूरी दे दी है। वह विलियम जोसेफ बर्न्स का स्थान ले रहे हैं।

4. President of Somalia Hassan Sheikh Mohamud appointed Omar Abdirashid Ali Sharmarke as new Prime Minister of Somalia. Sharmarke resigned as Prime Minister in 2010 after tensions with former President Sheik Sharif Sheik Ahmed.

सोमालिया के राष्ट्रपति हसन शेख मोहम्मद ने उमर अबदीराशिद अली शर्रमार्के को नए प्रधानमंत्री के रूप में नियुक्त किया है। शारमार्के ने पूर्व राष्ट्रपति शेख शरीफ शेख अहमद के साथ तनाव के बाद 2010 में प्रधानमंत्री के पद से इस्तीफा दे दिया था।

5. The International Basketball Federation (FIBA) has announced that Spain has been selected to host first woman Basketball World Cup Tournament to be held in 2018.

अंतर्राष्ट्रीय बास्केटबाल महासंघ (फीबा) ने घोषणा की है कि 2018 में होने वाले पहले महिला बास्केटबाल विश्व कप टूर्नामेंट की मेजबानी के लिए स्पेन को चुना गया है।

6. India has announced a USD 500,000 contribution to a UN humanitarian fund as part of its commitment towards assisting an increasing number of people around the globe in need of humanitarian assistance.

भारत ने दुनिया भर में मानवीय सहायता के ज़रूरतमंद लोगों की बढ़ती संख्या में सहयोग हेतु अपनी प्रतिबद्धता के भाग के रूप में एक संयुक्त राष्ट्र मानवीय कोष में 500,000 अमेरिकी डालर के योगदान की घोषणा की है।

7. Indian film director Ritesh Batra’s “The Lunchbox” has been named best first feature at the 18th annual Toronto Film Critics Association (TFCA) awards. It’s the only Indian movie to win a TFCA award, voted by the members of the association, which includes Toronto-based journalists and broadcasters who specialise in film criticism and commentary.

भारतीय फिल्म निर्देशक रितेश बत्रा की ‘द लंचबॉक्स’ को 18वें वार्षिक टोरंटो फिल्म क्रिटिक्स एसोसिएशन अवॉर्ड्स में बेस्ट फर्स्ट फीचर के रूप में नामित किया गया। यह एकमात्र ऐसी फिल्म है जिसने यह अवॉर्ड जीता जिसमें एसोसिएशन के सदस्यों ने वोट किया। इस एसोसिएशन मेंफिल्म क्रिटिसिज्म व कमेंटी में विशेषज्ञता वाले ब्रॉडकास्टर्स व जर्नलिस्ट शामिल हैं।

8. Government of India signed agreement with Germany worth Euro 625 million for financial cooperation to support “Green Energy Corridors (GEC)” project under Indo German Bilateral Development Cooperation.

भारत सरकार ने जर्मनी के साथ इंडो जर्मन द्विपक्षीय विकास सहयोग के तहत “ग्रीन एनर्जी कॉरीडोर (जीईसी)” परियोजना का समर्थन करने के लिए वित्तीय सहयोग हेतु 625 मिलियन यूरो का समझौता किया।

9. Empays, a provider company of multi-bank payment systems, announced that its Instant Money Transfer (IMT) service has received authorisation from the Reserve Bank of India (RBI). The company was awarded the IMT payment system certificate of authorisation under the Payments and Settlements Act 2007.

बहु बैंक भुगतान प्रणाली की एक प्रदाता कंपनी, एमपेज़ ने घोषणा की है कि उसकी त्वरित मनी ट्रांसफर (आईएमटी) सेवा ने भारतीय रिजर्व बैंक (आरबीआई) से प्रमाणीकरण प्राप्त कर लिया है। कंपनी को भुगतान एवं निपटान प्रणाली 2007 के तहत आईएमटी भुगतान प्रणाली प्राधिकार पमाण पत्र से सम्मानित किया गया था।

10. The Central Government has decided that henceforth the Long Term Visa (LTV) will be granted to Members of the minority communities from Pakistan, Afghanistan and Bangladesh initially by the Ministry of Home Affairs for five years at a time on the specific recommendation of the State Government/ UT Administration instead of one year at present. Powers have been delegated to Foreigners Regional Registration Officer (FRRO)/ Foreigners Registration Officer (FRO) concerned to grant extension for a period up to six months on the short term visa of the minority nationals from neighbouring countries applying for LTV.

केन्द्रr सरकार ने फैसला किया है कि पाकिस्तान, अफगानिस्तान और बांग्लादेश से अल्पसंख्यक समुदायों को राज्ये सरकारों और संघ शासित प्रदेशों की विशेष अनुशंसा पर अब एक वर्ष की बजाय गृहमंत्रालय द्वारा एक बार में पांच वर्ष के लिए दीर्घावधि वीजा (एलटीवी) प्रदान किया जायेगा। एलटीवी के लिए पड़ोसी देशों से आवेदन करने वाले अल्पफसंख्ययक नागरिकों के लिए लघु अवधि पर 6 माह तक की समय सीमा बढ़ाने के लिए संबंधित विदेशी क्षेत्रीय पंजीकरण अधिकारी (एफआरआरओ)/विदेशी पंजीकरण अधिकारी (एफआरओ) को अधिकार दिये जा चुके हैं।

KYO (Know Your Organization) -OPEC

Organization of the Petroleum Exporting Countries (OPEC), a permanent, international organization headquartered in Vienna, Austria, was established in Baghdad, Iraq on 10–14 September 1960. Its mandate is to “coordinate and unify the petroleum policies” of its members and to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry.” In 2014 OPEC comprised twelve members: Algeria, Angola, Ecuador, the Islamic Republic of Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela.According to the United States Energy Information Administration (EIA), OPEC crude oil production is an important factor affecting global oil prices. OPEC sets production targets for its member nations and generally, when OPEC production targets are reduced, oil prices increase. Projections of changes in Saudi production result in changes in the price of benchmark crude oils.

OPEC was formed in 1960 when the international oil market was largely dominated by multinational companies, the ‘seven sisters‘. “From offices in London, New York and Pittsburgh top executives of oil companies were controlling destinies of Middle East oil producing states.” According to Daniel Yergin, the formation of OPEC represented the “first collective act of sovereignty on the part of oil exporters” and the “first turning point in the international economic relations towards the states’ control over natural resources”.In the 1960s OPEC “ensured oil companies would be cautious about taking any steps unilaterally” and oil companies “would not dare cut the posted price again.”

Organization of the Petroleum Exporting Countries

Flag

Headquarters
Type
Trade bloc
Membership
12 states (2011)
Leaders
 – 
President
 – 
Establishment
 – 
Statute
10–14 September 1960 
 – 
in effect
January 1961 
Area
 – 
Total
11,854,977 km2
4,577,232 sq mi
Population
 – 
estimate
372,368,429
 – 
Density
31.16/km2
80.7/sq mi
Currency
Indexed as USD -per-barrel
Website
www.opec.org

ANSWER KEY D-BAT(DAILY BANKING AWARENESS TEST): 17-12-2014

ANSWER KEY D-BAT(DAILY BANKING AWARENESS TEST): 17-12-2014

Q.1.      Which bank is at the top in the list of public lenders with maximum incidence of bad loans?

Ans: (1) United Bank of India

Q.2.      Which Bank, has recently opened its first All Women Branch in Patna, Bihar?

Ans: (3) Axis Bank

Q.3.      Recently the Wholesale price inflation hit a zero level, the lowest in about five and half years. This was on account of decline in prices of-(A) food items (B) fuel items (C) manufactured items

Ans: (4) All A, B and C

Q.4.      Which city was in news recently for a Taliban Attack that killed about 126 people most of them were children?

Ans: (2) Peshawar

Q.5.      Germany won the Champions Trophy held at the Kalinga Stadium by defeating Pakistan from 2-0. In which city the Kalinga Stadium is situated?

Ans: (4) Bhubneshwar

Q.6.      Which Bollywood actress and former beauty queen has been felicitated for being the most successful Miss World at this year’s pageant.

Ans: (3) Aishwarya Rai

Q.7.      To promote electronic payments, the Reserve Bank has increased RTGS business hours to 12 hours on weekdays, and 7:30 hours on Saturday effective December 29. The existing business hours for RTGS on weekdays is-

Ans: (2) 7:30 hours

Q.8.      Which of the following persons of Indian descent has made a history for becoming the youngest US Surgeon General?

Ans: (4) Vivek Murthy

Q.9.      What is the rank of India in illicit wealth outflow in 2012 according to Global Fin?

Ans: (3) Third

Q.10.    Who has been honoured with International Icon of the Year at the Sansui COLORS Stardust Awards?

Ans: (2) Amitabh Bachchan

BANKING GLOSSARY (Alphabet-C)

Canceled Check :
A check that a bank has paid, charged to the account holder’s account, and then endorsed. Once canceled, a check is no longer negotiable.

Cashier’s Check:
A check drawn on the funds of the bank, not against the funds in a depositor’s account. However, the depositor paid for the cashier’s check with funds from their account. The primary benefit of a cashier’s check is that the recipient of the check is assured that the funds are available.

Cease and Desist Letter:
A letter requesting that a company stops the activity mentioned in the letter.

Certificate of Deposit:
A negotiable instrument issued by a bank in exchange for funds, usually bearing interest, deposited with the bank.

Certificate of Release:
A certificate signed by a lender indicating that a mortgage has been fully paid and all debts satisfied.

Certified Check:
A personal check drawn by an individual that is certified (guaranteed) to be good. The face of the check bears the words “certified” or “accepted,” and is signed by an official of the bank or thrift institution issuing the check. The signature signifies that

  • the signature of the drawer is genuine, and 
  • sufficient funds are on deposit and earmarked for payment of the check.

Charge-off:
The balance on a credit obligation that a lender no longer expects to be repaid and writes off as a bad debt.

Check:
A written order instructing a financial institution to pay immediately on demand a specified amount of money from the check writer’s account to the person named on the check or, if a specific person is not named, to whoever bears the check to the institution for payment.

Check 21 Act:
Check 21 is a Federal law that is designed to enable banks to handle more checks electronically, which is intended to make check processing faster and more efficient. Check 21 is the short name for the Check Clearing for the 21st Century Act, which went into effect on October 28, 2004.

Check Truncation:
The conversion of data on a check into an electronic image after a check enters the processing system. Check truncation eliminates the need to return canceled checks to customers.

Checking Account:
A demand deposit account subject to withdrawal of funds by check.

Closed-End Credit :
Generally, any credit sale agreement in which the amount advanced, plus any finance charges, is expected to be repaid in full by a specified date. Most real estate and automobile loans are closed-end agreements.

Closed-End Loan:
Generally, any loan in which the amount advanced, plus any finance charges, is expected to be repaid in full by a specified date. Most real estate and automobile loans are closed-end agreements.

Closing a Mortgage Loan:
The consummation of a contractual real estate transaction in which all appropriate documents are signed and the proceeds of the mortgage loan are then disbursed by the lender.

Closing Costs:
The expenses incurred by sellers and buyers in transferring ownership in real property. The costs of closing may include the origination fee, discount points, attorneys’ fees, loan fees, title search and insurance, survey charge, recordation fees, and the credit report charge.

Collateral:
Assets that are offered to secure a loan or other credit. For example, if you get a real estate mortgage, the bank’s collateral is typically your house. Collateral becomes subject to seizure on default.

Collected Funds:
Cash deposits or checks that have been presented for payment and for which payment has been received.

Collection Agency:
A company hired by a creditor to collect a debt that is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, usually through letters and telephone calls.

Collection Items:
Items-such as drafts, notes, and acceptances-received for collection and credited to a depositor’s account after payment has been received. Collection items are usually subject to special instructions and may involve additional fees. Most banks impose a special fee, called a collection charge, for handling collection items.

Collective Investment Funds (CIFs):
A Collective Investment Fund (CIF) is a trust created and administered by a bank or trust company that commingles assets from multiple clients. The Federal securities laws generally require entities that pool securities to register those pooled vehicles (such as mutual funds) with the SEC. However, Congress created exemptions from these registration requirements for CIFs so long as the entity offering these funds is a bank or other authorized entity and so long as participation in the fund is restricted to only those customers covered by the exemption. If these limitations are met, CIFs are exempt from SEC registration and reporting requirements.

Co-Maker:
A person who signs a note to guarantee a loan made to another person and is jointly liable with the maker for repayment of the loan. (Also known as a Co-signer.)

Community Reinvestment Act:
The Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977.

Consumer Credit Counseling Service:
A service which specializes in working with consumers who are overextended with debts and need to make arrangements with creditors.

Consumer Reporting Agency:
An agency that regularly collects or evaluates individual consumer credit information or other information about consumers and sells consumer reports for a fee to creditors or others. Typical clients include banks, mortgage lenders, credit card companies, and other financing companies.

Conventional Fixed Rate Mortgage:
A fixed-rate mortgage offers you a set interest rate and payments that do not change throughout the life, or “term,” of the loan.
A conventional fixed-rate loan is fully paid off over a given number of years-usually 15, 20, or 30. A portion of each monthly payment goes towards paying back the money borrowed, the “principal”; the rest is “interest.”

Co-Signer:
An individual who signs the note of another person as support for the credit of the primary signer and who becomes responsible for the obligation. (Also known as a Co-maker.)

Credit Application:
A form to be completed by an applicant for a credit account, giving sufficient details (residence, employment, income, and existing debt) to allow the seller to establish the applicant’s creditworthiness. Sometimes, an application fee is charged to cover the cost of loan processing.

Credit Bureau:
An agency that collects individual credit information and sells it for a fee to creditors so they can make a decision on granting loans. Typical clients include banks, mortgage lenders, credit card companies, and other financing companies. Also commonly referred to as a consumer reporting agency or a credit reporting agency.

Credit Card Account Agreement:
A written agreement that explains the

  • terms and conditions of the account,
  • credit usage and payment by the cardholder, and
  • duties and responsibilities of the card issuer.


Credit Card Issuer:
Any financial institution that issues bank cards to those who apply for them.

Credit Disability Insurance:
A type of insurance, also known as accident and health insurance, that makes payments on the loan if you become ill or injured and cannot work.

Credit Life Insurance:
A type of life insurance that helps repay a loan if you should die before the loan is fully repaid. This is optional coverage.

Credit Limit:
The maximum amount of credit that is available on a credit card or other line of credit account.

Credit Repair Organization:
A person or organization that sells, provides, performs, or assists in improving a consumer’s credit record, credit history or credit rating (or says that that they will do so) in exchange for a fee or other payment. It also includes a person or organization that provides advice or assistance about how to improve a consumer’s credit record, credit history or credit rating. There are some important exceptions to this definition, including many non-profit organizations and the creditor that is owed the debt.

Credit Report:
A detailed report of an individual’s credit history prepared by a credit bureau and used by a lender in determining a loan applicant’s creditworthiness.

Credit Score:
A number, roughly between 300 and 800, that measures an individual’s credit worthiness. The most well-known type of credit score is the FICO® score. This score represents the answer from a mathematical formula that assigns numerical values to various pieces of information in your credit report.
Banks use a credit score to help determine whether you qualify for a particular credit card, loan, or service.

Cut-Off Time:
A time of day established by a bank for receipt of deposits. After the cut-off time, deposits are considered received on the next banking day.

For  Alphabet-A click here

For Alphabet-B click here