1) The Reserve Bank of India (RBI) on 21 October 2014
asked the banks to take a step against bank accounts of
customers who have not complied with KYC requirements
despite repeated reminders. What step these banks have
been asked to take? – Partially freeze such accounts in a
partial manner
Explanation: The RBI, while imposing this partial freezing,
advised the banks to ensure that the option is exercised
after giving due notice of three months initially to the
customers and followed by a reminder for further period of
three months. If the accounts are still KYC non-compliant
after six months of imposing initial ‘partial freezing’, banks
may disallow all debits and credits from/to the accounts,
rendering them inoperative. Further, it would always be
open to the bank to close the account of such customers.
Meanwhile, the account holders can revive accounts by
submitting the KYC documents as per instructions in
force.
…………………………………………………………………..
2) Who was chosen as the new Chief Minister of Haryana
by BJP’s Legislature Party on 21 October 2014? –
Manohar Lal Khattar
Explanation: 60-year old Manohar Lal Khattar is a first-
time MLA and has worked as an RSS Pracharak
(propagandist) for 40 long years. He will be the first Chief
Minister of the BJP in Haryana and also the first Punjabi
to become the Chief Minister of the State. He had
contested the Assembly elections from Karnal and had
won the seat with a margin of 63,736 votes.
…………………………………………………………………..
3) Who was the coach of Indian national hockey team,
who resigned on 19 October 2014? – Terry Walsh
Explanation: Australian hockey legend Terry Walsh’s
contract as Indian Hockey coach was to expire on 19
November 2014. He however resigned mainly due to
payment disputes with the Sports Authority of India (SAI).
He alleged that bureaucratic confines in Indian sports
system had taken its toll on his personal life. Walsh had
guided India to the historic Asian Games gold in Incheon
recently.
…………………………………………………………………..
4) Aditya Birla Financial Services Group recently signed a
memorandum of understanding (MOU) with which
overseas entity to enter the health insurance market of
India? – MMI Holdings Ltd of South Africa
Explanation: The Aditya Birla Group currently operates in
the life insurance segment through Birla Sun Life Insurance
(BSLI). BSLI is a joint venture with the Canada-based Sun
Life Financial Inc. Aditya Birla Financial Services Group and
MMI Holdings will enter into a formal joint venture in
which the foreign partner will hold 26% stake, which is the
maximum holding allowed as per the existing foreign
direct investment norms in the sector.
…………………………………………………………………..
5) Which Pakistani news channel was taken off the air for
15 days by Pakistan’s media regulatory authority PERMA
on 21 October 2014? – ARY News
Explanation: Pakistan Media Regulation Authority
(PEMRA) in a statement released on 21 October said the
private ARY News channel was shut for next 15 days
following a court order as it was “maligning” the country’s
judiciary. The court also banned one of ARY News’
anchors, Mubashar Luqman, from appearing on any
national TV.
…………………………………………………………………..
6) South African Olympic and Paralympic track star Oscar
Pistorius was on 21 October 2014 sentenced to five years
in prison for the negligent killing of his girlfriend Reeva
Steenkamp. Judge Thokozile Masipa handed down the
prison sentence for culpable homicide. Pistorius came to
limelight in 2012 for achieving which sporting glory? – In
the London Olympics of 2012 he reached the semifinals
of the 400m against able-bodied athletes
Explanation: He was charged with killing his girlfriend-
model Reeva Steenkamp on Valentine’s Day in 2013.
…………………………………………………………………..
7) Jaguar Land Rover (JLR), the iconic British car
manufacturer owned by Tata Motors, on 21 October 2014
opened its first overseas manufacturing facility in which
country? – China
Explanation: JLR had tied up with China’s Chery
Automobile Company Ltd to manufacturer its vehicles in
China. The Range Rover Evoque will be the first model to
be built under this first Chinese-British automotive joint
venture. Till now JLR had six manufacturing facilities, five
of which were in the UK and one in India. However, the
Indian unit (in Pune) is presently engaged in assembly of
complete knock-down (CKD) units only.
asked the banks to take a step against bank accounts of
customers who have not complied with KYC requirements
despite repeated reminders. What step these banks have
been asked to take? – Partially freeze such accounts in a
partial manner
Explanation: The RBI, while imposing this partial freezing,
advised the banks to ensure that the option is exercised
after giving due notice of three months initially to the
customers and followed by a reminder for further period of
three months. If the accounts are still KYC non-compliant
after six months of imposing initial ‘partial freezing’, banks
may disallow all debits and credits from/to the accounts,
rendering them inoperative. Further, it would always be
open to the bank to close the account of such customers.
Meanwhile, the account holders can revive accounts by
submitting the KYC documents as per instructions in
force.
…………………………………………………………………..
2) Who was chosen as the new Chief Minister of Haryana
by BJP’s Legislature Party on 21 October 2014? –
Manohar Lal Khattar
Explanation: 60-year old Manohar Lal Khattar is a first-
time MLA and has worked as an RSS Pracharak
(propagandist) for 40 long years. He will be the first Chief
Minister of the BJP in Haryana and also the first Punjabi
to become the Chief Minister of the State. He had
contested the Assembly elections from Karnal and had
won the seat with a margin of 63,736 votes.
…………………………………………………………………..
3) Who was the coach of Indian national hockey team,
who resigned on 19 October 2014? – Terry Walsh
Explanation: Australian hockey legend Terry Walsh’s
contract as Indian Hockey coach was to expire on 19
November 2014. He however resigned mainly due to
payment disputes with the Sports Authority of India (SAI).
He alleged that bureaucratic confines in Indian sports
system had taken its toll on his personal life. Walsh had
guided India to the historic Asian Games gold in Incheon
recently.
…………………………………………………………………..
4) Aditya Birla Financial Services Group recently signed a
memorandum of understanding (MOU) with which
overseas entity to enter the health insurance market of
India? – MMI Holdings Ltd of South Africa
Explanation: The Aditya Birla Group currently operates in
the life insurance segment through Birla Sun Life Insurance
(BSLI). BSLI is a joint venture with the Canada-based Sun
Life Financial Inc. Aditya Birla Financial Services Group and
MMI Holdings will enter into a formal joint venture in
which the foreign partner will hold 26% stake, which is the
maximum holding allowed as per the existing foreign
direct investment norms in the sector.
…………………………………………………………………..
5) Which Pakistani news channel was taken off the air for
15 days by Pakistan’s media regulatory authority PERMA
on 21 October 2014? – ARY News
Explanation: Pakistan Media Regulation Authority
(PEMRA) in a statement released on 21 October said the
private ARY News channel was shut for next 15 days
following a court order as it was “maligning” the country’s
judiciary. The court also banned one of ARY News’
anchors, Mubashar Luqman, from appearing on any
national TV.
…………………………………………………………………..
6) South African Olympic and Paralympic track star Oscar
Pistorius was on 21 October 2014 sentenced to five years
in prison for the negligent killing of his girlfriend Reeva
Steenkamp. Judge Thokozile Masipa handed down the
prison sentence for culpable homicide. Pistorius came to
limelight in 2012 for achieving which sporting glory? – In
the London Olympics of 2012 he reached the semifinals
of the 400m against able-bodied athletes
Explanation: He was charged with killing his girlfriend-
model Reeva Steenkamp on Valentine’s Day in 2013.
…………………………………………………………………..
7) Jaguar Land Rover (JLR), the iconic British car
manufacturer owned by Tata Motors, on 21 October 2014
opened its first overseas manufacturing facility in which
country? – China
Explanation: JLR had tied up with China’s Chery
Automobile Company Ltd to manufacturer its vehicles in
China. The Range Rover Evoque will be the first model to
be built under this first Chinese-British automotive joint
venture. Till now JLR had six manufacturing facilities, five
of which were in the UK and one in India. However, the
Indian unit (in Pune) is presently engaged in assembly of
complete knock-down (CKD) units only.
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