Iift GK
Iift GK
Iift GK
We are delighted to present to you this Addendum for IIFT 2015 examination. You are already provided with the
IIFT GK Compendium-2015. The purpose of this Addendum is to provide additional knowledge which is very much relevant
for your forthcoming IIFT examination-2015.
We sincerely hope and believe that this Addendum will add value to the existing compendium and will serve its intended
purpose.
TEAM CL
iift gk aDDENDUM 2015
SBI has 5 more associate banks attached with it which are : Mysore, Patiala, Bikaner and Jaipur, Travancore, Hyderabad
8. Government schemes
Pradhan Mantri Jan-Dhan Yojana (PMJDY)
It is National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings &
Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner. Account can be opened in any
bank branch or Business Correspondent outlet. PMJDY accounts are being opened with Zero balance. However, if
the account-holder wishes to get cheque book, he/she will have to fulfill minimum balance criteria.
Sukanya Samriddhi Account
It is a saving scheme targeted at the parents of girl children. The scheme encourages parents to build a fund for the
future education and marriage expenses for their female child. The account can be opened at any India Post office
or a branch of some authorised commercial banks. Initially, the interest rate was set at 9.1% but later revised to 9.25
in late March 2015.
MUDRA Bank Yojana
This yojana is under the Micro Units Development and Refinance Agency (MUDRA) Bank is a new institution being
set up by Government of India for development and refinancing activities relating to micro units. The purpose of
MUDRA is to provide funding to the non corporate small business sector and to serve those three categories of
9. Economic data
1. GDP size: $2.308 trillion (Nominal, October 2015)
$8.027 trillion (PPP, October 2015)
2. GDP rank: 7th (Nominal) / 3rd (PPP)
3. GDP growth: 7.4% as per the latest Monetary & Credit policy issued on 29th Sep 2015.
4. GDP per capita: $1,688(Nominal: 131st; October 2015)
$6,209 (PPP: 121st; 2015)
5. GDP by sector:
(i) Agriculture: 17%
(ii) Industry: 26%
(iii)
Services: 57% (2013-14)
6. Main industries: software, petroleum products, chemicals, pharmaceuticals, agriculture, textiles, steel, transportation
equipment, machinery, leather, cement, mining, construction
7. Ease-of-doing-business rank: 142/189 countries (2015)
8. Export goods: software, petrochemicals, agriculture products, Jewellery, engineering goods, pharmaceuticals,
textiles, chemicals, transportation, ores and other commodities
9. Import goods: crude oil, gold and precious stones, electronics, engineering goods, chemicals, plastics, coal and
ores, iron and steel, vegetable oil and other commodities
10. Current account: positive decrease1.3% of GDP ($27.5 billion) (20142015).
11. Public debt: 64.9% of GDP (2014)
12. Budget deficit: 3.9% of GDP (201516)
13. Revenues: 27.5 trillion (US$420 billion) (2015, IMF)
14. Expenses: 37.6 trillion (US$570 billion) (2015, IMF)
15. Foreign reserves: $350.81 billion (as of 25 September 2015)
16. Reverse Repo Rate: 5.75%
17. Marginal Standing Facility Rate: 7.75%
18. Bank Rate: 7.75%
19. CRR: 4%
20. SLR: 21.5%
21. Fiscal Deficit is 3.99 per cent of GDP for the 2015-16.
22. Savings Deposit Rate: 4%
23. Term Deposit Rate > 1 yr: 7.00-7.90%
Base Rate: 9.30-9.70%
Details of FDI Investments in Various Sectors
(A) Sectors with Restrictions
Lottery Business including Government /private lottery, online lotteries, etc.
Gambling and Betting including casinos etc.
Chit funds
Nidhi company-(borrowing from members and lending to members only).
Trading in Transferable Development Rights (TDRs)
Real Estate Business (other than construction development) or Construction of Farm Houses
1 Arundhati Roy The God of Small Things, Power Politics, War Talk, Public Power in the Age of Empire, An
Ordinary Persons Guide to Empire, The Algebra of Infinite Justice, Capitalism: A Ghost Story,
The Hanging of Afzal Guru, 13 December, India: A Mosaic
2 Chetan Bhagat Half Girlfriend, What Young India Wants, Revolution 2020, 2 States, The 3 Mistakes of my
Life, One Night @ the Call Center, Five Point Someone
3 V.S. Naipaul An Area of Darkness, Mr Stone And The Knights Companion, A Flag on the Island, The
Loss of El Dorado: A Colonial History, Finding the Center, Bombay, Adventures of Gurudeva,
Fireflies, The Mystic Masseur, In a Free State, India: A Wounded Civilization, India: A Million
Mutinies Now, Half a Life, Magic Seeds, A House for Mr Biswas, A Bend in the River, The
Enigma of Arrival
4 Amitav Ghosh Sea of Poppies, River of Smoke, The Glass Palace, The Circle of Reason
5 Anita Desai Midnights Children, The Tenant of Wildfell Hall, Fasting, Feasting, The Village by the Sea,
Fire on the Mountain, Games at Twilight, The Village by the Sea
6 Kiran Desai The Inheritance of Loss, Hullabaloo in the Guava Orchard, India Pack 2003, AIDS Sutra:
Untold Stories from India, Generation 1.5
7 APJ Abdul Kalam Ignited Minds: Unleashing the Power within India, Turning Points: A Journey through
Challenges, India 2020: A Vision for The New Millennium, My Journey: Transforming Dreams
into Actions, Indomitable Spirit, Inspiring Thoughts, The Scientific Indian: A Twenty-first
Century Guide to the World around Us, Mission India: A Vision for Indian Youth, You Are Born
To Blossom: Take My Journey Beyond., You are Unique: Scale New Heights by Thoughts
and Actions, Forge your Future, The Luminous Sparks, Spirit Of India, India My Dream,
Transcendence My Spiritual Experiences with Pramukh Swamiji, Scientist to President, The
Righteous Life: The Very Best of A.P.J. Abdul Kalam, Wings of Fire: An Autobiography, The
Family and The Nation
8 Salman Rushdie Midnights Children, The Satanic Verses, The Ground beneath Her Feet, Shame, Khalifa
Brothers, Haroun and the Sea of Stories, Shalimar the Clown, Grimus, The Jaguar Smile: A
Nicaraguan Journey, Joseph Anton, Two Years Eight Months and Twenty-Eight Nights
9 Taslima Nasareen Lajja, Amar Meyebela, Utal Hawa, Dwikhondito, Oporpokkho (The Opponent), Shodh,
Nimontron (Invitation), Phera (Return), Bhromor Koio Gia (Tell Him The Secret), Forashi
Premik (French Lover), Nirbasan
10 Jhumpa Lahiri Hell-Heaven, Brotherly Love, The Lowland, Improvisations: Rice, Unaccustomed Earth, The
interpreter of maladies, The Namesake, The Third and Final Continent
11 Vikram Seth A Suitable Boy, The Golden Gate, An Equal Music: A Novel, A Suitable Girl, The Golden Gate,
Three Chinese Poets, The Humble Administrators Garden, Rivered Earth, The, All You Who
Sleep Tonight
12 Aravind Adiga The White Tiger, Last Man in Tower, Between the Assassinations