Current Affairs july 2013 {ECONOMY}

1) The Telecom Commission of India on 2 July 2013 approved the enhancement of the Foreign Direct Investment (FDI) limit in the telecom sector from 74 percent to
……………..percent.
Ans:- 100 %

2) State Bank of India, in month of July 2013 launched a card which will enable the holder to receive the remittance directly on the card. What is the name of the card?
Ans:- State Bank Xpress Money Card

3) Reserve Bank of India (RBI) on 15 July 2013 imposed fines of around 49.5 crore on 22 private and public sector banks. Why RBI has taken such an action?
Ans:-For violatingKYC/anti-money laundering norms

4) IT Company Satyam on 15 July 2013 formally merged with which company?
Ans:- Tech Mahindra

5) Name the Asian country which on 19 July 2013 lifted control on banks allowing them to set their own lending rates, a move to arrest slowdown and spur growth as well as to liberalise the economy?
Ans:- China

6) As per the latest data by World Federation of Exchanges, which stock exchange in India has regained its position as the world’s largest bourse in terms of volume in equity trade in June 2013?
Ans:- National Stock Exchange (NSE)

7) All public sector banks have been asked to set up ATMs in all branches to enable customers in rural pockets to do banking round-the-clock. What is the deadline for setting-up branch-ATMs for these banks?
Ans:-  March 2014