CURRENT AFFAIRS:-

• Miss World 2014 title clinched by Miss South Africa Rolene Strauss

• Men's Hockey Champions Trophy 2014 lifted by Germany

• Mima Ito and Miu Hirano of Japan became youngest table tennis champions

• Anerood Jugnauth named as Mauritius Prime Minister

• National Energy Conservation Day observed on 14th December

Miss World 2014 title clinched by Miss South Africa Rolene Strauss

On 14th December 2014, Miss South Africa Rolene Strauss was crowned Miss World 2014. She clinched this title at the final held in London, UK. Outgoing Miss World, Megan Young of the Philippines presented sash to Rolene Strauss.

Miss Hungary Edina Kulcsar was runner up and Miss United States Elizabeth Safrit was on third spot. Women from 121 countries contested in this 64th annual competition. 

Koyal Rana was representing India and also finished in top 10, however she got the sub-title of Best Designer of the world.

Indian Winner of last Miss World Title was Priyanka Chopra in ear 2000.

Men's Hockey Champions Trophy 2014 lifted by Germany

Among the important sports current affairs, On 14th December 2014, Germany defeated Pakistan to lift the Champions Trophy title at the Kalinga Stadium in Bhubaneswar, Odisha. Germany defeated Pakistan by 2-0 to won 10th Champions Trophy crown. 

For the third position Australia defeated India by 2-1, thus India finished fourth in the tournament.

In Hockey Champions Trophy eight nations take place these are India, Pakistan, Australia, Netherlands, Argentina, England, Belgium and Germany. Till date India has won a bronze medal in 1982 at Amstelveen, Netherlands.

Mima Ito and Miu Hirano of Japan became youngest table tennis champions

Another Important Current Affairs from the Sports Section is that On 13th December 2014, Table tennis got its youngest champions as teenagers from Japan Mima Ito and Miu Hirano won the table tennis World Grand Finals held in Bangkok.

Japanese teens won women's doubles title after defeating Poland's pair Natalia Partyka and Katarzyna Grzybowski with a score of 11-7, 11-6, 11-4, 11-5.

In Men's pair South Korea's Cho Eon-Rae and Seo Hyun-Deok emerged as winners by defeating Kenta Matsudaira and Koki Niwa of Japan.

Anerood Jugnauth named as Mauritius Prime Minister

On 14th December 2014, Anerood Jugnauth was named as new Prime Minister of Mauritius by President Purryag. Anerood Jugnauth replaced Labour Party PM Navinchandra Ramgoolam who had earlier resigned from the post on 13th December 2014. Anerood Jugnauth was a candidate of Militant Socialist Movement party and his party had made alliance with Lepep.

National Energy Conservation Day observed on 14th December

On 14th December 2014, National Energy Conservation Day was observed in India, as It is an annual event which is celebrated by the Bureau of Energy Efficiency (BEE).

BEE is a statutory body under Government of India and BEE implements the Energy Conservation Act 2001.                                                                                                                                                                                                                                                                                                                                                                                                                                             FOR MORE QUERY:- www.acmeentranceexpert@gmail.com                                                                                                                             CALL:- 9810513909

CURRENT AFFAIRS

Aspirants who are preparing for competitive exams can read the article to find out the top 10 news events like Haryana’s first BJP chief minister Manohar Lal Khattar sworn-in ceremony, Ashwika Kapur becoming the first Indian woman to win prestigious Wildscreen Panda Award.  . Here is the glimpse of other current affairs and top news events of October 27 across different fields like politics, sports, health:

1. Haryana’s first BJP chief minister Manohar Lal Khattar sworn-in as the chief minister of Haryana. Prime Minister Narendra Modi and senior party leaders like L.K. Advani and Murli Manohar Joshi attended the ceremony
2. Winter session of Parliament will start from November 24 and conclude on December 23 during which a heavy legislative agenda is on the cards according to Home Minister Rajnath Singh
3. Astronomers produce first images of exploding stellar fireball  during the early fireball stage and revealed how the structure of the ejected material evolves as the gas expands and cools
4. Senzo Meyiwa South Africa’s football captain and goalkeeper Senzo Meyiwa died on October 26, 2014 after being shot
5. Ashwika Kapur  became the first Indian woman to win prestigious Wildscreen Panda Award. She won the coveted wildlife photography award in best newcomer category for her film, Sirocco – how a dud became a stud
6. Brazilian incumbent President Dilma Rousseff was re-elected for her second four-year term
7. Sania Mirza and Cara Black of Zimbabwe won the doubles title of the BNP Paribas Women’s Tennis Association after defeating defending champions Peng Shuai and Hsieh Su-Wei, 6-1, 6-0
8. Alan Eustace, a senior Google vice-president broke the world altitude record  set by Austrian Felix Baumgartner for highest free-fall parachute jump.
9.  Denis Mukwege won the prestigious Sakharov human rights prize of European Parliament for helping thousands of gang rape victims in Congo
10.  Senior IAS officer Sandeep Saxena has been named the new Chief Electoral Officer of Tamil Nadu

                                                                                               

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 BANKING TERMS

1. What is a Repo Rate?

A: Repo rate is the rate at which our banks borrow rupees from RBI. Whenever the banks have any shortage of funds they can borrow it from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases, borrowing from RBI becomes more expensive.

2. What is Reverse Repo Rate?

A: This is exact opposite of Repo rate. Reverse Repo rate is the rate at which Reserve Bank of India (RBI) borrows money from banks. RBI uses this tool when it feels there is too much money floating in the banking system. Banks are always happy to lend money to RBI since their money is in safe hands with a good interest. An increase in Reverse repo rate can cause the banks to transfer more funds to RBI due to this attractive interest rates.

3. What is CRR Rate?

A: Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is using this method (increase of CRR rate), to drain out the excessive money from the banks.3

4. What is SLR Rate?

A: SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in the form of cash, or gold or govt. approved securities (Bonds) before providing credit to its customers.

SLR rate is determined and maintained by the RBI (Reserve Bank of India) in order to control the expansion of bank credit. SLR is determined as the percentage of total demand and percentage of time liabilities. Time Liabilities are the liabilities a commercial bank liable to pay to the customers on their anytime demand. SLR is used to control inflation and propel growth. Through SLR rate tuning the money supply in the system can be controlled efficiently.

5. What is Bank Rate?

A: Bank rate, also referred to as the discount rate, is the rate of interest which a central bank charges on the loans and advances that it extends to commercial banks and other financial intermediaries. Changes in the bank rate are often used by central banks to control the money supply.

6. What is Inflation?

A: Inflation is as an increase in the price of bunch of Goods and services that projects the Indian economy. An increase in inflation figures occurs when there is an increase in the average level of prices in Goods and services. Inflation happens when there are fewer Goods and more buyers; this will result in increase in the price of Goods, since there is more demand and less supply of the goods.

7. What is Deflation?

A: Deflation is the continuous decrease in prices of goods and services. Deflation occurs when the inflation rate becomes negative (below zero) and stays there for a longer period.

8. What is PLR?

A: The Prime Interest Rate is the interest rate charged by banks to their most creditworthy customers (usually the most prominent and stable business customers). The rate is almost always the same amongst major banks. Adjustments to the prime rate are made by banks at the same time; although, the prime rate does not adjust on any regular basis. The Prime Rate is usually adjusted at the same time and in correlation to the adjustments of the Fed Funds Rate. The rates reported below are based upon the prime rates on the first day of each respective month. Some banks use the name "Reference Rate" or "Base Lending Rate" to refer to their Prime Lending Rate.

9. What is Deposit Rate?

A: Interest Rates paid by a depository institution on the cash on deposit.

Policy Rates:

· Bank Rate: 6.00%

· Repo Rate: 5.25%

· Reverse Repo Rate: 3.75%

Reserve Ratios:

· CRR: 6.00%

· SLR: 25.0%

Lending/Deposit Rates:

· PLR: 11.00%-12.00%.

· Deposit Rate: 6.00%-7.50%.

. Savings Bank rate: 3.5%.

                                                     

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