Sunday, 14 May 2017

QUIZ-14



Q1. India’s first and longest ropeway to connect Mumbai with the famous Island in the Arabian Sea is planned to be constructed by the Mumbai Port Trust. What is name of that Island?
(a) Majuli Island
(b) Havelock Island
(c) Barren Island
(d) Elephanta Island
(e) Diu Island

Q2. The Indian Navy has begun a joint maritime exercise with the French Navy at the Mediterranean Sea to further deepen combat coordination between the two navies. The Joint exercise is named as ____________.
(a) PARAKRAM
(b) VARUNA
(c) KAUSHAL
(d) GRAMANA
(e) SHAKTI

Q3. The White House has recently named a retired Marine major general ______________ as the new Director of the Secret Service.
(a) SandishMachol
(b) Sebastian Andrew
(c) Randolph Ailes
(d) JohnneferSout
(e) HarrynaraDahol

Q4. The World Intellectual Property Day is celebrated globally on __________.
(a) March 28
(b) March 21
(c) April 19
(d) April 28
(e) April 26

Q5. Private sector lender Yes Bank announced the alliance with which of the following e-commerce company under which the bank will offer conditionally approved loans to the latter’s existing customers?
(a) Paisabazaar.com
(b) Naptol.com
(c) Askbazar.com
(d) Bookmyshow.com
(e) None of the given options is true

Q6. Northeast India's largest Information Technology (IT) hub was opened recently in _____________ to boost employment and e-governance besides to export software technology.
(a) Assam
(b) Tripura
(c) Meghalaya
(d) Arunachal Pradesh
(e) Sikkim

Q7. Name the youngest chancellor of any university in the nation who has bagged Dr. BabasahebAmbedkar International Foundation award for excellent performance in the field of education.
(a) Sankalp Joshi
(b) Manish Subrato
(c) Mangalam S Sen
(d) Dileep K Nair
(e) Mahesh K Rawat

Q8. Name the country that has signed a Memorandum of Understanding with India on economic co-operation, recently.
(a) Myanmar
(b) Bangladesh
(c) Sri Lanka
(d) Australia
(e) Malaysia

Q9. Name the country that has become the first to open an honorary consulate office in Gujarat International Finance Tec-City (GIFT City).
(a) Austria
(b) Belgium
(c) Russia
(d) France
(e) Japan

Q10. Name the country that will host the 18th World Road Meeting (WRM 2017) in November 2017 according to the International Road Federation (IRF).
(a) India
(b) China
(c) Japan
(d) Indonesia
(e) Pakistan

Q11. National Aeronautics and Space Administration (NASA) successfully launched its football-stadium-sized, heavy-lift Super Pressure Balloon (SPB) from _____________.
(a) La Condamine, Monaco
(b) Canberra, Australia
(c) Chicago, USA
(d) Wanaka, New Zealand
(e) Boston, USA

Q12. The 2nd quarterly review meeting on the Swachh Iconic Places (SIP) was held recently at Mata Vaishno Devi Shrine in Jammu & Kashmir. On this occasion how many new Iconic places to be taken under the Phase II of the Swachh Iconic Places initiative were announced?
(a) 6
(b) 10
(c) 8
(d) 15
(e) 5

Q13. Who was crowned as Miss Teen Universe 2017 at the event held in Managua, Nicaragua?
(a) AryTrava
(b) Samantha Pierr
(c) SrishtiKaur
(d) Ritalia Jones
(e) SonakshiPawar

Q14. Who is the Managing Director and Group CEO of Gujarat International Finance Tec-City (GIFT City)?
(a) SandeepJajodiya
(b) SamnwaySarkar
(c) Sankalp Sharma
(d) Ajay Pandey
(e) ManojShukla

Q15. e-SOT and e-PRAN card launched for Atal Pension Yojana subscribers, recently. What is the full form of SOT?
(a) Statement of Truncation
(b) Statement of Transfer
(c) Service of Transaction
(d) Security of Transaction
(e) Statement of Transaction

Solutions

S1. Ans.(d)
Sol. India’s first and longest ropeway to connect Mumbai with the famous Elephanta Island in the Arabian Sea is planned to be constructed by the Mumbai Port Trust, according to the official report.

S2. Ans.(b)
Sol. The Indian Navy has begun a joint maritime exercise with the French Navy at the Mediterranean Sea to further deepen combat coordination between the two navies. Guided missile destroyer INS Mumbai, stealth frigate INS Trishul and fleet tanker INS Aditya are taking part in the 'Varuna' exercise.

S3. Ans.(c)
Sol. The White House has named a retired Marine major general Randolph Ailes as the new Director of the Secret Service. Ailes was in the Marine Corps for 35 years.

S4. Ans.(e)
Sol. Every April 26, World Intellectual Property Day is celebrated to learn about the role that intellectual property rights (patents, trademarks, industrial designs, copyright) play in encouraging innovation and creativity.

S5. Ans.(a)
Sol. Private Sector lender Yes Bank announced the alliance with Paisabazaar.com under which the bank will offer conditionally approved loans to the latter’s existing customers.

S6. Ans.(b)
Sol. Northeast India's largest Information Technology (IT) hub was inaugurated at Agartala to boost employment and e-governance besides to export software technology. The Hub was set up at a cost of Rs. 50 crore. The Chief Minister of Tripura, ManikSarkar inaugurated the IT hub.

S7. Ans.(d)
Sol. The youngest chancellor of any university in the nation, Dileep K Nair has bagged Dr. BabasahebAmbedkar International Foundation award for excellent performance in the field of education in Trivendurum, Kerala.

S8. Ans.(c)
Sol. India and Sri Lanka have signed anMoU on economic co-operation. The agreement was exchanged in the presence of Prime Minister NarendraModi and his Sri Lankan PM RanilWickremesinghe in New Delhi.

S9. Ans.(b)
Sol. Belgium has become the first country to open an honorary consulate office in Gujarat International Finance Tec-City (GIFT City). Besides the Belgian Embassy in New Delhi, two Consulates-General in Mumbai and Chennai, and an honorary consulate in Kolkata, Belgium has expanded its diplomatic representation in India with this new office in Gandhinagar.

S10. Ans.(a)
Sol. India will host the 18th World Road Meeting (WRM 2017) on November 13, 2017 as per the International Road Federation (IRF). The WRM is the biggest global platform for road engineers, safety and transport experts and companies engaged in road safety products.

S11. Ans.(d)
Sol. National Aeronautics and Space Administration (NASA) successfully launched its football-stadium-sized, heavy-lift Super Pressure Balloon (SPB) from Wanaka, New Zealand.

S12. Ans.(b)
Sol. The 2nd quarterly review meeting on the Swachh Iconic Places (SIP) was held recently at Mata Vaishno Devi Shrine, in Katra, Jammu & Kashmir. On this occasion, ShriNarendra Singh Tomar announced 10 new Iconic places to be taken under the Phase II of Swachh Iconic Places initiative.

S13. Ans.(c)
Sol. SrishtiKaur was crowned Miss Teen Universe 2017 after beating 25 contestants from around the world at the annual beauty pageant. The event was held in Managua, the capital of Central American country Nicaragua.

S14. Ans.(d)
Sol. Ajay Pandey is the Managing Director and Group CEO of GIFT City

S15. Ans.(e)
Sol. With a view to digitally empower the Atal Pension Yojana (APY) subscribers and improve the quality of service, the facility of online viewing of the statement of the transaction (e-SOT) and also the e- Permanent Retirement Account Number (e-PRAN card) have been launched.

Saturday, 13 May 2017

Daily GK Update 13th May 2017


Election Commission of India Launches National Contact Centre
i. The Election Commission of India has added feather to its cap with the launch of National Contact Centre with a toll-free No. 1800111950
ii. Now any citizen from any part of the country can call 24*7 on the toll-free in English or Hindi with any query or complaint at any time of the day. 
iii. The National Contact Centre is operated on a National Grievance Redressal System Software.



Aadhaar not mandatory for PAN, ITR in J&K, Assam & Meghalaya: Govt
i. The government has exempted the residents of Jammu and Kashmir, Assam, Meghalaya and citizens above 80 years from mandatory quoting of Aadhaar to obtain PAN cards and file tax returns. 

ii. As per the official notification of the Finance Ministry, the exemption has been given to an individual who does not possess the Aadhaar number or the enrolment ID. The exemption will also apply on non-residents and non-citizens. 

Telangana first state with logo for hearing impaired drivers
i. Telangana has introduced a logo for identifying vehicles driven by persons with hearing impairment and has become the first state in the country to do so. 
ii. The state’s transport department has finalized the logo designed by Hyderabad-based graphic designer Manikanta Annapragada, who incidentally is the first person to obtain a driving license in the ‘hearing impaired’ category.

Ahmedabad to host biggest ever International Yoga Day event on June 21
i. Ahmedabad in Gujarat will host biggest ever International Yoga Day event on the 21st of June announced by Yoga Guru Baba Ramdev. 
ii. Chief Minister of Gujarat Mr. Vijay Rupani will inaugurate the event. 
iii. The program will be conducted in partnership with Gujarat government which will also involve various social organizations. 





Rajnath Singh launches mobile app for paramilitary forces to lodge grievances
i. Union home minister Rajnath Singh launched a mobile phone app 'MHA Mobile Application' to remain ‘just a click away’ from troopers of all central forces to address their grievances.   
ii. Rajnath Singh also launched a dedicated app for BSF personnel named 'BSFMyApp'. The app provides the mechanism to address issues related to pay, provident fund, leave or deputation of the personnel. The app will also help troopers with financial literacy.

Vinay Mohan Kwatra named India’s new ambassador to France
i. Vinay Mohan Kwatra currently a joint secretary in the Prime Minister’s Office has been appointed as the next ambassador to France
ii. Mr. Vinay Mohan Kwatra has succeeded Mohan Kumar




Amitabh Bachchan appointed WHO Goodwill Ambassador for Hepatitis
i. Bollywood superstar Amitabh Bachchan has been appointed by the World Health Organisation as its Goodwill Ambassador for Hepatitis in South-East Asia Region to spread awareness about the disease. 
ii. This is the first formal association between WHO and Amitabh Bachchan, who served as UNICEF Goodwill Ambassador for Polio in India.



Light Combat aircraft Tejas successfully test-fires air-to-air missile

i. Light combat aircraft 'Tejas' has successfully demonstrated an Air-to-Air Beyond Visual Range (BVR) missile firing capability by releasing Derby Air-to-Air BVR missile in RADAR guided mode. 
ii.The objective of the test was to assess the Derby integration with aircraft systems on-board Tejas including the aircraft avionics, fire-control radar, launchers and Missile Weapon Delivery System and to verify its performance. The test was conducted on a Manoeuvrable Aerial Target at the Interim Test Range (ITR) at Chandipur in Odisha


India test-fires ‘Spyder’ surface-to-air missile from Odisha test range
i. India test fired a surface-to-air missile ‘Spyder’ from a test range at Chandipur in Odisha as part of missile launch practice of a series of tests of the short-range quick reaction. 
ii. Spyder ( Surface-to-air PYthon and DERby) is an acquired missile system from Israel which is a short-range quick reaction surface-to-air missile to neutralize enemy targets up to a distance of 15 km and at heights between 20-and-9,000 meters.

Bahamas elects Hubert Minnis as new prime minister

i. The Bahamas has elected Free National Movement's Hubert Minnis as its new Prime Minister, defeating incumbent Progressive Liberal Party's leader Perry Christie in a 34-5 parliamentary split. 





Forbes Middle East lists top 100 Indian business leaders

i. Retail Mogul Yusuff Ali and Pepsico executive Sanjeev Chadha are among the top 100 Indian business leaders in the Arab World 2017, according to a Forbes ranking for the Middle East. 
ii. Ali, managing director of Lulu Group International topped the Indian business owners’ category and Chadha CEO of Asia, Middle East and Africa at PepsiCo International led the Indian executive’s category.

VVS Laxman awarded honorary life membership by MCC
i. VVS Laxman awarded with an honorary life membership by the Marylebone Cricket Club (MCC). 
ii. The elegant Hyderabad batsman becomes the fifth Indian to receive the honour after fellow stalwarts, Sachin Tendulkar, Rahul Dravid, Sourav Ganguly and Zaheer Khan.



Important Takeaways from above GK Update for Exams are as follows-
  • Dr. Nasim Zaidi is the 20th Chief Election Commissioner of India
  • Election Commission of India was founded on 1950.
  • Aadhaar number is a 12-digit random number issued by the UIDAI to the residents of India
  • UIDAI full form is Unique Identification Authority of India
  • Shri J. Satyanarayana is part-time Chairman of the UIDAI.
  • CM of Telangana is Chandrasekhar Rao and the governor is E.S.L Narasimhan
  • The capital of Telangana is Hyderabad
  • Telangana is the 29th state of India and was founded in 2014.
  • 1st International Yoga Day (IYD) was Hosted by New Delhi on 21st June 2015
  • Ministry of AYUSH made the arrangements for 1st IYD
  • Mr. Rajnath Singh is the Union home minister of India
  • K K Sharma is the Director-General of Border Security Force
  • Mr. Vinay Mohan Kwatra has succeeded Mohan Kumar
  • Emmanuel Macron has been recently elected as President of France
  • Paris is the capital of France and currency is Euro
  • Margaret Chan is the Director-General of WHO
  • WHO is headquartered in Geneva, Switzerland
  • Defence Minister of India is Arun Jaitley
  • The first defence minister of independent India was Baldev Singh during 1947-1952
  • Tejas is a Light Combat Aircraft that uses fourth generation technologies.
  • Spyder full form is Surface-to-air PYthon and DERby
  • Bipin Rawat is 27th chief of Army Staff.
  • Marylebone Cricket Club is a cricket club of London and was founded in 1787.
  • Anjum Chopra was the first Indian woman cricketer to receive MCC life membership.

13 May 2017 Current Affairs


Amitabh Bachchan Appointed WHO Goodwill Ambassador for Hepatitis
Veteran Indian actor Amitabh Bachchan, a Hepatitis B conqueror, was on 12 May, 2017 appointed the Who Goodwill Ambassador for the Hepatitis awareness programme in Southeast Asia Region. He says nobody should suffer from the disease. The famous actor has been brought on board to boost awareness and intensity action to arrest the Hepatitis epidemic. Announcing his association with WHO, Poonam Khetrapal Singh Regional Director for WHO Southeast Asia.

 Union Agriculture and Farmers Welfare Minister launches e-Krishi Samvad
The Union Agriculture and Farmers Welfare Minister, Radha Mohan Singh has launched a portal for addressing problems in the agricultural sector. The platform is known as e-Krishi Samvad and is a portal that allows agricultural workers and other stakeholders to directly approach the Indian Council of Agricultural Research (ICAR) with the problems they face. The platform is meant for farmers,students, researchers and entrepreneurs.

 International Nurses Day 12 May 2017
International Nurses Day (IND) is celebrated every year all around the world on 12th May. It was to commemorate the birth anniversary of the florence Nightingale and to mark the nurses contributions towards people’s health. Nurses Day was first proposed by the Dorothy Sutherland Can officer from the U.S. Department of Health, Education and Welfare in the year 1953 and first proclaimed by the president Dwight D. Eisenhower.

 VK Saraswat named as New JNU Chancellor
The HRD Ministry has named scientist and former DRDO chief Vijay Kumar Saraswat as the next chancellor of JNU. A full time member of NITI Ayog, Saraswat will be replacing ISRO Chief K. Kasturirangan, who completed his term on 30 March, 2017. Saraswat was conferred Padma Shri in 1998, Padma Bhushan in 2013 and had served as a chief scientific advisor to the Minister of Defence.

 India test fires surface to air missile “Spyder”
India on 11 May 2017 test fired a surface to air missile ‘Spyder’ from test range in Odisha as part of missile launch Practice of a series of tests of the short range quick reaction, Spyder was test fired from a mobile launcher at launch complex 3 of the Integrated Test Range (ITR) at Chandipur and targeted a pilot less target aircraft.

AP Govt Jobs 2017 – Apply Online for 252 Diploma Apprentice Posts


Directorate of Town & Country Planning Guntur Jobs 2017 – Apply Online for 252 Diploma Apprentice Posts: Directorate Of Town And Country Planning, Government Of Andhra Pradesh, Guntur has advertised a notification for the recruitment of 252 Diploma Apprentice vacancies in Town & Country Planning Department in various Urban Local Bodies in the State of Andhra Pradesh. Eligible candidates can apply Online from 04-05-2017 to 18-05-2017. Other details like age, qualification, selection process, how to apply are given below…
Directorate of Town & Country Planning Guntur Vacancy Details:
Total No of Posts: 252
Name of the Posts:
Name of the Zone:
1. Zone-I: 27 Posts
2. Zone-II: 58 Posts
3. Zone-III: 77 Posts
4. Zone-IV: 90 Posts
Age Limit: Candidates age limit should be 18 years as on 01-04-2017.
Educational Qualification: Candidates should possess SSC or its equivalent and Diploma in Civil Engineering or Licentiate in Architecture Assistant ship awarded by the A.P. State Board of Technical Education and Training subject.
Selection Process: Candidates will be selected based on merit.
How to Apply: Eligible candidates can apply online through the website www.dtcp.ap.gov.in from 04-05-2017 to 18-05-2017.
Instructions to Apply Online:
1. Candidates should log on to the website www.dtcp.ap.gov.in.
2. Select the desired post & Read the Notification.
3. Click on “Click Here for Online Application”.
4. Fill all the details in the application form & Submit Ok.
5. Take print copy of application form for future use.
Important Dates:
Starting Date for Apply Online: 04-05-2017.
Last Date to Apply Online: 18-05-2017


Read more: AP Govt Jobs 2017 - Apply Online for 252 Diploma Apprentice Posts 

QUIZ-13


Q1. China and Iran have recently signed the first agreement on the reconfiguration of Iran's heavy water reactor. The rector is named as ___________.
(a) Barak Reactor
(b) Tehran Reactor
(c) Iran React-I
(d) Arak Reactor
(e) Iranian React-I

Q2. World Malaria Day is observed globally on ___________.
(a) 23 April
(b) 25 April
(c) 27 March
(d) 22 March
(e) 26 April

Q3. Name the Indian shot putter who has clinched gold in the first leg of the Asian Grand Prix Athletics Meet 2017.
(a) SagarLodha
(b) Joginder Singh
(c) ManpreetKaur
(d) SryashodYadav
(e) HarmanpreetLamba

Q4. Name the environmental activist who has been selected for Goldman Environmental Prize 2017 (also called as Green Nobel) from Asia region for championing the cause of State’s DongriaKondhtribals and safeguarding their land and culture.
(a) KailashSatyarthi
(b) Anil Agarwal
(c) Salim Ali
(d) Both (a) and (b)
(e) PrafullaSamantara

Q5. In the recent figures released by the Stockholm International Peace Research Institute (SIPRI), India stood on which rank in the military expenditure?
(a) 4th
(b) 5th
(c) 3rd
(d) 6th
(e) 7th

Q6. Name the Renowned Director and actor who has won the DadasahebPhalke award for the year 2016 for his outstanding contribution to the film industry.
(a) KasinathuniViswanath
(b) PrakashJha
(c) AnuragKashyap
(d) RakeshRoshan
(e) RajkumarSantoshi

Q7. Real estate developers’ body CREDAI (Confederation of Real Estate Developers’ Associations of India) has signed a memorandum of understanding with which of the following lender to jointly conduct various initiatives towards development of the realty sector?
(a) Bank of India
(b) State Bank of India
(c) Dena Bank
(d) IDBI Bank
(e) Punjab and National Bank

Q8. India has replaced which of the following country as world's number two importer of Liquefied Petroleum Gas (LPG)?
(a) China
(b) Austria
(c) Japan
(d) Bangladesh
(e) Russia

Q9. An Indian shot putter has recently clinched gold in the first leg of the Asian Grand Prix Athletics Meet. The event was held in ___________.
(a) Japan
(b) China
(c) Indonesia
(d) Sri Lanka
(e) UAE

Q10. What is the global theme for World Malaria Day 2016 was ____________.
(a) Come together against Malaria
(b) Malaria- Can not be tolerated
(c) Against Malaria Together
(d) End Malaria for Good
(e) None of the above themes is true


Solutions

S1. Ans.(d)
Sol. China and Iran have signed the first agreement on the reconfiguration of Iran's Arak reactor. The deal was concluded between the Atomic Energy Organization of Iran (AEOI) and a Chinese company at the official ceremony in the Austrian capital Vienna.

S2. Ans.(b)
Sol. World Malaria Day is observed globally on 25th of April every year. It is organized by World Health Organization (WHO).

S3. Ans.(c)
Sol. Indian shot putter ManpreetKaur has clinched a gold in the first leg of the Asian Grand Prix Athletics Meet in Jinhua, China.

S4. Ans.(e)
Sol. Top environmental activist PrafullaSamantara of Odisha has been selected for Goldman Environmental Prize 2017 (also called as Green Nobel) from Asia region for championing the cause of State’s DongriaKondhtribals and safeguarding their land and culture.

S5. Ans.(b)
Sol. India's military expenditure grew around 8.5 percent in 2016, making it the world's fifth largest spender at $55.9 billion, figures released by the Stockholm International Peace Research Institute (SIPRI).

S6. Ans.(a)
Sol. Renowned Director and actor KasinathuniViswanath has won the DadasahebPhalke award for the year 2016 for his outstanding contribution to the film industry. He will be the 48th recipient of the award, the highest recognition in Indian cinema, which consists of a golden lotus, a cash prize of Rs10 lakh and a shawl.

S7. Ans.(b)
Sol. State Bank of India and real estate developers’ body CREDAI (Confederation of Real Estate Developers' Associations of India) have signed a memorandum of understanding (MoU) to jointly conduct various initiatives towards development of the realty sector. The MoU will be in force for a period of 3 years.

S8. Ans.(c)
Sol. India has replaced Japan as world's number two importer of Liquefied Petroleum Gas (LPG).  The result is an outcome of the rigorous effort of Nation's call for a 'safer kitchen'. 

S9. Ans.(b)
Sol. Indian shot putter ManpreetKaur has clinched gold in the first leg of the Asian Grand Prix Athletics Meet in Jinhua, China.

S10. Ans.(d)
Sol. World Malaria Day is observed globally on 25th of April every year. It is organized by World Health Organization (WHO). The theme for World Malaria Day 2016 was 'End Malaria for Good'.

Friday, 12 May 2017

Daily GK Update 12th May, 2017


PM Modi visits Sri Lanka 
i. Prime Minister Narendra Modi was on the two-day visit to Sri Lanka which is a sign of “strong relationship” between the two countries and brings to the fore the shared heritage of Buddhism.
ii. During his two-day visit, he will participate in the International Vesak Day celebrations, the biggest festival of Buddhists, inaugurate a hospital built with Indian assistance and address the Indian-origin Tamil community, besides attending some other programs.

Union Agriculture and Farmers Welfare Minister launch e-Krishi Samvad 
i. Shri Radha Mohan Singh, Union Minister for Agriculture and Farmers Welfare launched e-Krishi Samvad an online interface at Krishi Bhawan in New Delhi.
ii. It is an internet-based interface and is a unique platform that will provide direct and effective solutions to the problems faced by farmers and stakeholders in the agriculture sector.

Nitin Gadkari launches NHAI's Masala Bond in UK
i. Union Minister of Road Transport and Highways Nitin Gadkari launched the National Highways Authority of India (NHAI) Masala Bond at the London Stock Exchange, UK. 
ii. The initially benchmarked issue of Rs. 1,500 crore was upsized to Rs. 3,000 crore at a price yielding 7.30 percent annually in view of the highly positive response from the investor market.
iii. The transaction marks the largest ever in the five-year issuance and the largest inaugural transaction in Masala Bond market. 

 India to replace Maitri station in Antarctica, expand research activity
i. India has decided to replace the Maitri research station in Antarctica with a new one in the next three to four years. 
ii. The country is also drafting laws to safeguard its interest in Antarctica and is poised to expand its research activity in the coldest continent with the special ice-cutting facility will be procured for the purpose.

SBI revises service charges; to charge ATM withdrawals at Rs. 25
i. State Bank of India (SBI) has announced another revision in service charges with effect from June 1, 2017. All cash withdrawals through ATM will now be charged at Rs. 25 per transaction. Only RuPay classic card will be issued for free.
ii. State Bank of India has clarified that the proposed hike in ATM withdrawal charges will be applicable only to customers of its mobile wallet State Bank Buddy.
Few major changes done by SBI are as follows-

1. Limit of four ATM withdrawals in a month only applies to the Basic Savings Banks deposit account.
2. All Normal Saving Bank accounts will continue to get eight free ATM transactions (5 SBI ATMs + 3 other bank ATMs) in Metros & 10 free transactions in Non-Metro (SBI ATM + 5 Other Bank ATMs) free apart from the bank transaction.
3. Anyone making upto Rs 1 lakh transfer on IMPS will be charged with Rs 5 per transaction plus service tax.
4. Between Rs 1 lakh – Rs 2 lakh and Rs 2 lakh – Rs 5 lakh, service charges are at Rs 15 and Rs 25 each plus service tax.
5. On Basic Savings Bank Deposit (BSBD) account, no charged will be levied for four withdrawals, more than that Rs 50 plus service tax will be charged at any SBI branch, while at any other bank Rs 20 plus tax.

LIC Housing Finance launches new home loan product
i. LIC Housing Finance launched a new product `Griha Siddhi' which will offer loans for construction, purchase of the house or flat and repairs or renovation to the existing properties.
ii. Under the new product, borrowers will be offered the interest rate of 8.40% up to Rs 25 lakh and for loans up to Rs 1 crore the interest rate will be 8.50% per annum. For women borrowers, the mortgage lender is offering a special interest rate of 8.35% for loans up to Rs 25 lakh.

 Justice Mukul Mudgal elected head of FIFA Governance Committee
i. Justice (Retd.) Mukul Mudgal was elected as head of International Federation of Association Football (FIFA’s) governance committee at the world football governing body’s 67th Congress in Bahrain’s capital city of Manama.



Bengaluru ranked 20th in world's most affordable tech city Index
i. Bengaluru has been named the world’s most affordable tech city in the new Savills Tech Cities Index 2017The Indian technology hub is the most affordable out of 22 cities that were graded on different parameters.
ii. Overall, Bengaluru ranks 20th among tech cities in the world while Austin topped the list, followed by San Francisco and New York. But when it comes to the cost of living index, Bengaluru tops the charts with a weekly residential rent for tech employees and household.

Chanda Kochhar receives Woodrow Wilson Award 
i. ICICI Bank chief Chanda Kochhar has become the first Indian woman to be conferred with the prestigious Woodrow Wilson Award for Global Corporate Citizenship.
ii. She received the annual award which was instituted in 1998 by the prestigious Wilson Center to felicitate individuals whose actions and accomplishments either in their careers or through service.

Important Takeaways from above GK Update for Exams are as follows-
  • President of Sri Lanka is Maithripala Sirisena and Prime Minister is Ranil Wickremesinghe.
  • The capital of Sri Lanka is Sri Jayawardenepura Kotte. This is the administrative capital where most of the administrative institutions exist including Parliament of Sri Lanka.
  • The 14th United Nations Day of Vesak is celebrated from 12th May to 14th May in Sri Lanka
  • In 2017, United Nations International Day of Vesak will be hosted by Sri Lanka under the theme “Buddhist Teachings for Social Justice and Sustainable World Peace”
  • Union Minister for Agriculture and Farmers Welfare is Shri Radha Mohan Singh.
  • The rupee-denominated offshore bonds are popularly known as Masala Bonds
  • The instrument has been exempted from taxation for transfer among non-residents while a low rate of five percent would be applicable for investors till 2020
  • Capital of UK is London and its currency is Pound Sterling
  • Theresa May is the PM of UK.
  • Dakshin Gangotri was the first Indian scientific research base station established in Antarctica during 1984
  • Maitri is India’s second permanent research station in Antarctica. It was built in 1989.
  • Chairman of LIC is Vijay Kumar Sharma
  • Life Corporation of India was founded on 1 September 1956 and its headquarter is Mumbai.
  • 2017 FIFA U-17 World Cup will be hosted by India
  • 2018 FIFA World Cup to be held in Russia
  • FIFA president is Gianni Infantino.
  • Bengaluru named as the Silicon valley of India
  • Bengaluru also named as the Information Technology (IT) capital of India.
  • CEO of ICICI Bank is Chanda Kochhar
  • ICICI Bank headquarter is in Mumbai.