New Pattern English

Directions (1-5): Four sentences are given with a blank in each. Five words are also given. The blank in each sentence can be filled by one or more of the four words given. Similarly, each word given in the choices can go into any number of sentences. Identify the number of sentences each word can go into and mark as your answer the maximum number of sentences any word can go into.

Q1. A. What is the __________ value of the shares?

B. The __________ was released by the minister.

C. There is no need to __________ rooms, as it is offseason now.

D. The __________ for food items is always good.

(a) book

(b) market

(c) reserve

(d) product

(e) capital

Q2. A. The party was held at the __________ side.

B. They decided to __________ their resources.

C. I was shocked to see him lying in a __________ of blood.

D. The __________ room was over crowded.

(a) waiting

(b) combine

(c) pool

(d) lake

(e) share

Q3. A. I tried to __________ him off with my old PC.

B. The __________ tree is the life of the desert people.

C. What is the __________ today?

D. Do you __________ him regularly?

(a) palm

(b) date

(c) meet

(d) day

(e) see

Q4. A. The two brothers quarreled __________ themselves.

B. The sea lies __________ France and England.

C. This custom still exists __________ certain tribes.

D. The internet is __________ the most remarkable of modern inventions.

(a) between

(b) among

(c) with

(d) along

(e) in

Q5. A. Tickets for the __________ were booked months in advance.

B. They pushed hard but the door wouldn’t __________.

C. Better to keep quiet than __________ your ignorance.

D. “__________ me your tickets,” the inspector demanded.

(a) programme

(b) show

(c) display

(d) give

(e) play

Directions (6-15): A word has been used in four different ways in the sentences that follows. Choose the option corresponding to the sentence in which the usage is incorrect or inappropriate. 

Q6. Deal

(a) He has a great deal of support from the people.

(b) His father deals in diamonds.

(c) Deal with this complaint the way you feel fit.

(d) She was asked to deal three books to each student.

(e) None of the above

Q7. See

(a) I can’t understand what she sees in him.

(b) I can still see through my daughter as she was years ago.

(c) The last fifty years have seen sweeping changes in technology.

(d) She could not see the task through as she fell ill.

(e) None of the above

Q8. Know

(a) Millions in our country have known poverty for generations.

(b) She knows to write well.

(c) We do not yet know the solution to this problem.

(d) Many top politicos were in the know of the scam for a very long time.

(e) None of the above

Q9. Look

(a) She is looking really pretty in that pink dress.

(b) We are looking at the possibility of relocating.

(c) We look to have good year in the B-School.

(d) The business seems to be looking up this year.

(e) None of the above

Q10. Mean

(a) The average of 3, 4, 5, 8 and 10 is 6 whereas the mean is 5.

(b) I believe; I’ll be meant to the job.

(c) His criticism of others is often petty and mean.

(d) His physical handicap makes his selection to the B – school no mean feat.

(e) None of the above

Q11. Tag

(a) They tagged the telephone trying in vain to reach each other.

(b) The shirt was tagged at Rs. 1500.

(c) He moved on with several people tagging along.

(d) The teacher asked them to add a tag question to every sentence.

(e) None of the above

Q12. Hold

(a) Can the roof hold all that weight?

(b) The restaurant holds 400 diners.

(c) The rule holds in most cases.

(d) Let’s hold till we have more data.

(e) None of the above

Q13. Form

(a) The captain of the team, generally low profile, was in unusual form during the crisis.

(b) The map shows the form of North America with its mountains, rivers, and plains.

(c) Being confined to one’s house under house arrest is a form of punishment.

(d) The inflected forms of a word can be represented by a stem and a list of inflections to be attached.

(e) None of the above

Q14. Refer

(a) This story refers an incident during the Second World War

(b) He referred the complaint to another department.

(c) Students asked several questions referring to yesterday’s lecture.

(d) The teacher constantly refers the students to their studies.

(e) None of the above

Q15. Set

(a) Let’s set the error down to inexperience.

(b) It is wise to set food and money by in case of a future emergency.

(c) A parent must set a good example for the children.

(d) Evening was setting as I took the road over the hill.

(e) None of the above

Solutions

S1. Ans.(c)

Sol. The word ‘reserve’ fits correctly in the sentences A, C and D and express the intended meaning.

S2. Ans.(d)

Sol. The word ‘lake’ correctly fits into the sentences A and C maximum times. In option D, the word ‘waiting’ fits correctly but only once, hence doesn’t qualify as correct choice.

S3. Ans.(b)

Sol. The word ‘date’ fits correctly in the sentences B and C and maximum time appropriately. Hence the correct choice.

S4. Ans.(b)

Sol. The word ‘among’ correctly fits in the sentences C and D. for more than three objects/persons, we use among usually. But sometimes we can use it in the case of two too as in sentence A. hence, it can be used maximum times in option C, D and A.

S5. Ans.(b)

Sol. The word ‘show’ can be used correctly and maximum times in the sentences A, C and D. hence the appropriate choice.

S6. Ans.(d)

Sol. In option D, the word ‘deal’ doesn’t fit appropriately. In other sentences, it is correctly used.

S7. Ans.(d)

Sol. In option A, B and C the word ‘see’ is correctly used but in option D, its usage is inappropriate.

S8. Ans.(c)

Sol. The word ‘know’ is not correct according to the context of the sentence. In other sentences, ‘know’ is correctly used.

S9. Ans.(b)

Sol. In option B, the usage of the word ‘look’ is not appropriate. It can be replaced correctly by ‘considering’ or with any other word.

S10. Ans.(b)

Sol. In option B, the word mean is incorrect. It can be replaced by ‘considered’ or ‘selected’

Or any other word.

S11. Ans.(a)

Sol. In sentence A, the use of word ‘tag’ is not appropriate. In option C, the phrasal verb ‘tag along’ is used. It means tag along (after someone)-to follow along after someone; to go along with someone.

S12. Ans.(d)

Sol. In option D, the word ‘hold’ is incorrect. It can be possibly replaced by ‘wait’ or any other appropriate word.

S13. Ans.(b)

Sol. The word ‘form’ in the sentence B is inappropriate. In Option A, C and D the usage of word ‘form’ is correct.

S14. Ans.(b)

Sol. In the second option, the use of the word ‘refer’ is not appropriate.

S15. Ans.(a)

Sol. In option A, the use of word ‘Set’ is not correct. We need some other word to make the intended meaning clear.  

QUIZ-01

Q1. Which of the following country has claimed the top spot among the remittance-receiving nations, surpassing China in 2016?
(a) Japan
(b) Switzerland
(c) Denmark
(d) India
(e) Russia

S1. Ans.(d)
Sol. India has claimed the top spot among the remittance-receiving nations, surpassing China in 2016. The United Nations, in its report, stated that Indians working across the globe sent home 62.7 billion US dollars in 2016.

Q2. The Fifth BhupenHazarika National Award, 2017 has been conferred recently to YesheDorjeeThongshi. He is an eminent writer from which of the following state?
(a) Sikkim
(b) Assam
(c) Arunachal Pradesh
(d) Meghalaya
(e) Tripura

S2. Ans.(c)
Sol. The Fifth BhupenHazarika National Award, 2017 has been conferred to an eminent writer from Arunachal Pradesh YesheDorjeeThongshi. The prestigious Award, instituted by Sarhad, a Maharashtra-based organization, is honoring a person every year since 2012, who has rendered an outstanding literary work at national and international level.

Q3. Name the Indian who has become the first Indian Woman to be elected as the Member of International Tribunal for the Law of the Sea (ITLOS).
(a) NeeruChadha
(b) KadambiSaraswath
(c) GurleenKaur
(d) Vineeta Singh
(e) ChandaKharat

S3. Ans.(a)
Sol. Indian nominee NeeruChadha became the first Indian Woman to be elected as the Member of International Tribunal for the Law of the Sea (ITLOS). Chadha, the international law expert, got 120 votes with the highest in the Asia-Pacific group.

Q4. The International Tribunal for the Law of the Sea (ITLOS) is headquartered in ________________.
(a) Geneva, Switzerland
(b) Brussels, Belgium
(c) New York, USA
(d) Hamburg, Germany
(e) Paris, France

S4. Ans.(d)
Sol. Indian nominee NeeruChadha became the first Indian Woman to be elected as the Member of International Tribunal for the Law of the Sea (ITLOS). Chadha, the international law expert, got 120 votes with the highest in the Asia-Pacific group. The Hamburg (Germany)-based ITLOS was established in 1996.

Q5. The Ministry of Health and Family Welfare has launched an initiative named IDCF in order to intensify efforts to reduce child deaths due to diarrhoea. What does 'F' stands for in IDFC?
(a) Federation
(b) Firm
(c) Favour
(d) Fund
(e) Fortnight

S5. Ans.(e)
Sol. The Ministry of Health and Family Welfare has launched the Intensified Diarrhea Control Fortnight (IDCF) in order to intensify efforts to reduce child deaths due to diarrhoea. The Ministry has made it a national priority to bring health outcomes among children to a level equitable with the rest of the world.

Q6. Who is the present Minister of Health and Family Welfare of India?
(a) AnantGeete
(b) JagatPrakashNadda
(c) JualOram
(d) Rajiv Pratap Rudy
(e) Jitendra Singh

S6. Ans.(b)
Sol. JagatPrakashNadda is the Ministers of Health and Family Welfare of India.

Q7. Private sector lender Yes Bank has partnered with which of the following mobile payments switch to enable real-time money transfer to bank accounts in India?
(a) MobiKwik
(b) Paytm
(c) TerraPay
(d) Naaptol
(e) Paisabazar

S7. Ans.(c)
Sol. Private sector lender Yes Bank has partnered with mobile payments switch TerraPay to enable real-time money transfer to bank accounts in India. Powered by TerraPay’s global clearing and settlement service, the partnership will make it faster and convenient for consumers to send money to any bank account.

Q8. In the Global Innovation Index (GII) rankings 2017, what is the ranking of India?
(a) 66th
(b) 65th
(c) 94th
(d) 60th
(e) 70th

S8. Ans.(d)
Sol. India continued to rise in the Global Innovation Index (GII) rankings for the second year in succession, after four consecutive years of decline. In 2017 rankings released in Geneva (Switzerland), India improved its position from 66 to 60.

Q9. In the Global Innovation Index (GII) rankings 2017, which of the following country has topped the list?
(a) Denmark
(b) Iceland
(c) Ireland
(d) Sweden
(e) Switzerland

S9. Ans.(e)
Sol. In the Global Innovation Index (GII) rankings 2017, Top three most innovative countries in the list are- 1. Switzerland, 2.Sweden, and 3. Netherlands

Q10. The Reserve Bank of India (RBI) has placed which of the following bank under prompt corrective action (PCA)?
(a) UCO Bank
(b) Central Bank of India
(c) Union Bank
(d) Punjab and Sind bank
(e) Bank of India

S10. Ans.(b)
Sol. The Reserve Bank of India (RBI) has placed Central Bank of India under prompt corrective action (PCA) which puts restricts on banking activities such as from lending, hiring and expanding branches.

Q11. Asian Infrastructure Investment Bank (AIIB) has recently approved USD 150 million equity investment loan to the India Infrastructure Fund. The Bank is led by which of the following country?
(a) China
(b) Russia
(c) Japan
(d) USA
(e) Switzerland

S11. Ans.(a)
Sol. China-led Asian Infrastructure Investment Bank has approved USD 150 million equity investment loan to the India Infrastructure Fund. It is the bank's first such loan to fund private projects.

Q12. Name the author who has won the Man Booker International Prize 2017 for his novel `A Horse Walks Into a Bar'.
(a) Amos Oz
(b) Meir Shalev
(c) David Grossman
(d) AharonAppelfeld
(e) Benjamin Netanyahu

S12. Ans.(c)
Sol. Israeli author David Grossman has won the Man Booker International Prize 2017 for his novel `A Horse Walks Into a Bar'. Grossman beat out five other finalists, including fellow Israeli author Amos Oz for the counterpart to Britain's prestigious Booker Prize.

Q13. The man booker prize winning book, `A Horse Walks Into a Bar' has been traslated by __________.
(a) Gregory Rabassa
(b) HovhannesMasehian
(c) AlbenaBakratcheva
(d) Jessica Cohen
(e) ValeriPetrov

S13. Ans.(d)
Sol. Israeli author David Grossman has won the Man Booker International Prize 2017 for his novel `A Horse Walks Into a Bar'. The book has been translated by Jessica Cohen.

Q14. China successfully launched its first X-ray space telescope to study black holes, pulsars and gamma-ray bursts. The Telescope has been named as ______________.
(a) Insight
(b) Airlift
(c) Airbourne
(d) Spacious
(e) SpaceX

S14. Ans.(a)
Sol. China successfully launched its first X-ray space telescope to study black holes, pulsars and gamma-ray bursts. The 2.5-tonne Hard X-ray Modulation Telescope (HXMT), named 'Insight,' was launched from Jiuquan Satellite Launch Center in northwest China's Gobi desert.

Q15. The government of India has appointed a senior executive of Tata Consultancy Services ____________ to head Atal Innovation Mission.
(a) N. Krishnamurthy
(b) RamanathanRamanan
(c) SrinathRangasamy
(d) Shashi K Kamath
(e) Arup Shah

S15. Ans.(b)
Sol. The government of India has appointed a senior executive of Tata Consultancy Services RamanathanRamanan to head Atal Innovation Mission, its initiative to promote entrepreneurship in the country.

Banking Awareness,

Q1. e-KYC is possible only for those who have _______

(a) PAN Card

(b) Driving License

(c) Ration Card

(d) Aadhaar Number

(e) None of the given options is true

S1. Ans.(d)

Sol. e-KYC is possible only for those who have Aadhaar numbers. While using e-KYC service, you have to authorise the Unique Identification Authority of India (UIDAI), by explicit consent, to release your identity/address through biometric authentication to the bank branches/business correspondent (BC).

Q2. ____________ is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routeing & merchant payments into one hood.

(a) NEFT

(b) RTGS

(c) NPCI

(d) BHIM

(e) UPI

S2. Ans.(e)
Sol. Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience.

Q3. Banks can not generally accept interest-free deposits. Which of the following is an exception to this rule?

(a) Current Account

(b) Savings Account of Minors

(b) Deposit from Minority groups

(c) BSBDA

(e) None of the given options is true

S3. Ans.(a)
Sol. Banks cannot accept interest-free deposits other than in current account.

Q4. Deposits under Foreign Currency Non-Resident (FCNR) scheme can be accepted for a minimum of-

(a) Six months

(b) Three months

(c) One year

(d) 15 days

(e) Five Years

S4. Ans.(c)
Sol. The deposits should be accepted under the Foreign Currency Non- Resident(FCNR) Scheme for the following maturity periods:
1. One year and above but less than two years
2. Two years and above but less than three years
3. Three years and above but less than four years
4. Four years and above but less than five years
5. Five years only

Q5. What is the meaning of a bond issued by an Indian company expressed in foreign currency, and the principal and interest in respect of which is payable in foreign currency? 

(a) ECB

(b) FCCBs

(c) Automatic Route

(d) FCNR

(e) None of the given options is true

S5. Ans.(b)
Sol. FCCBs mean a bond issued by an Indian company expressed in foreign currency and the principal and interest in respect of which is payable in foreign currency. The bonds are required to be issued in accordance with the scheme viz., "Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depositary Receipt Mechanism) Scheme, 1993”, and subscribed by a non-resident in foreign currency and convertible into ordinary shares of the issuing company in any manner, either in whole, or in part, on the basis of any equity related warrants attached to debt instruments.

Q6. Deposits under Foreign Currency Non-Resident (FCNR) scheme can be accepted for a maximum of-

(a) one year

(b) three year

(c) five year

(d) seven year

(e) nine year

S6. Ans.(c)
Sol. The deposits should be accepted under the Foreign Currency Non- Resident(FCNR) Scheme for the following maturity periods:
1. One year and above but less than two years
2. Two years and above but less than three years
3. Three years and above but less than four years
4. Four years and above but less than five years
5. Five years only

Q7. What is the full form of FCCB?

(a) Foreign Currency Convertible Bond

(b) Foreign Currency Credit Bond

(c) Financial Consortium and Credit Bureau

(d) Future Credit and Currency Bureau

(e) None of the given options is true

S7. Ans.(a)
Sol. FCCBs stands for foreign currency convertible bonds.

Q8. Which of the following institutions is responsible for the supervision of RRBs?

(a) RBI

(b) SEBI

(c) NABARD

(d) GOI

(e) Both (a) and (c)

S8. Ans.(e)
Sol. NABARD has been sharing with the Reserve Bank of India certain supervisory functions in respect of cooperative banks and Regional Rural Banks (RRBs).

Q9. By which rate is the domestic current rate of currency converted into foreign currency?

(a) Bank Rate

(b) CRR

(c) Stock Exchange Rate

(d) Repo Rate

(e) Exchange Rate

S9. Ans.(e)
Sol. Exchange rates allow you to determine how much of one currency you can exchange for another. For example, the dollar's exchange rate tells you how much a dollar is worth in a foreign currency, and vice versa.

Q10. Which of the following works is/are done by Credit Information Companies?

(a) Collecting records of an individual’s payments pertaining to loans

(b) Maintaining records of an individual’s payments pertaining to credit cards

(c) Creating Credit Information Reports

(d) All of the Above

(e) None of the given options is true

S10. Ans.(d)
Sol. Credit Information Companies collects and maintains records of an individual‘s payments pertaining to loans and credit cards. These records are submitted to Credit Information Companies by banks and other lenders, on a monthly basis. This information is then used to create Credit Information Reports (CIR) and credit scores which are provided to lenders in order to help evaluate and approve loan applications.

Q11. On 07th October 2015, Ujjivan Financial Services Private Ltd has received an in-principle approval from the RBI to set up a small finance bank. Where is headquarter of Ujjivan Financial Services Private Ltd small finance bank?

(a) Kochin

(b) Jaipur

(c) Mumbai

(d) Chennai

(e) Bengaluru

S11. Ans.(e)
Sol. On October 7, 2015, Ujjivan Financial Services Private Ltd has received an in-principle approval from the RBI to set up a small finance bank ("SFB"). Bengaluru, Karnataka is the head office of Ujjivan Financial Services Private Ltd.

Q12. Name the India's first credit rating agency, is incorporated, promoted by the erstwhile ICICI Ltd, along with UTI and other financial institutions.

(a) CRISIL

(b) CIBIL

(c) ICRA

(d) All of the above

(e) None of the given options is true

S12. Ans.(a)
Sol. On 29th January 1987: CRISIL, India's first credit rating agency, is incorporated, promoted by the erstwhile ICICI Ltd, along with UTI and other financial institutions. Mr N Vaghul and Mr. Pradip Shah are CRISIL's first Chairman and Managing Director, respectively.

Q13. ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) was set up in _________ by leading financial/investment institutions, commercial banks and financial services companies as an independent and professional Investment Information and Credit Rating Agency.

(a) 2004

(b) 1999

(c) 1995

(d) 1987

(e) 1991

S13. Ans.(e)
Sol. ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) was set up in 1991 by leading financial/investment institutions, commercial banks and financial services companies as an independent and professional Investment Information and Credit Rating Agency.

Q14. The largest shareholder of a Public Sector Banks (PSBs) is?

(a) RBI

(b) Government of India

(c) NABARD

(d) All of the Above

(e) Finance Ministry

S14. Ans.(b)
Sol. Public Sector Banks (PSBs) are banks where a majority stake (i.e. more than 50%) is held by a government. The shares of these banks are listed on stock exchanges.

Q15. The Foreign Exchange of India is kept with-

(a) SBI

(b) ECGC

(c) RBI

(d) NABARD

(e) None of the given options is true

S15. Ans.(c)

Sol. Reserve Bank of India accumulates foreign currency reserves by purchasing from authorised dealers in open market operations. Foreign exchange reserves of India act as a cushion against rupee volatility once global interest rates start rising. The Foreign exchange reserves of India consists of below four categories. (a) Foreign Currency Assets(b) Gold (c) SDRs (d) Reserve Tranche Position in the IMF.

Daily GK Update 30th June 2017

1. PM Modi inaugurates filling of Aji Dam at Rajkot by Narmada water

i. Prime Minister Narendra Modi inaugurated various irrigation and water-related initiatives at Aji Dam in Rajkot, Gujarat including the filling of Aji dam with Narmada waters under Sauni Yojana.

ii. PM recognized the role of younger generation in finding solutions to the everyday problems. PM on the occasion launched Smart Rajkot Hackathon where urban local body will engage with young students to find innovative solutions to improve the efficiency of various government departments.

Important Takeaways from Above News-

• The Capital of Gujarat is Gandhinagar.
• Mr. O.P. Kohli is the governor of Gujarat.

2. UNSC approves resolution reducing joint UN-AU peacekeeping force in Sudan’s Darfur

i. The UN Security Council has unanimously approved a resolution sharply reducing the joint United Nations-African Union peacekeeping force in Sudan’s troubled Darfur region.
ii. The British-drafted resolution will reduce the number of peacekeepers by 44 per cent and international police by about 27 per cent in the Darfur mission.

Important Takeaways from Above News-

• Darfur is a region in western Sudan.
• The Security Council held its first session on 17 January 1946 in London.

3. British PM Theresa May wins confidence vote in parliament

i. British Prime Minister Theresa May narrowly won the confidence vote in the parliament, winning her first major test as the Prime Minister of a minority government in the United Kingdom (UK).

ii. With this, May was finally confirmed as the British Prime Minister three weeks after the election, after winning the vote on her legislative program known as the Queen's Speech.

Static Takeaways from Above News-

• Robert Walpole (1721–42) was the first PM of Britain.

4. Rajiv Kumar appointed as Chief Secretary of Uttar Pradesh

i. Rajiv Kumar was appointed as the Chief Secretary of Uttar Pradesh. His appointment was approved by the Uttar Pradesh Government. Prior to this appointment, Kumar was a Secretary in the Union Shipping Ministry.

ii. Mr. Kumar has replaced Rahul Prasad Bhatnagar.

Important Takeaways from Above News-

• Mr. Ram Naik is the Governor of UP.
• Dudhwa National Park is in UP famous for Tigers.

5. Uttarakhand gets award of excellence at international meet

i. Uttarakhand was conferred with the award of excellence at the 2nd Global Skill Development Summit held in Paris recently for innovations and extensive use of IT for skilling the state's youth.

ii. Project Director of Uttarakhand Skill Development Committee Pankaj Kumar Pandey received the honor on behalf of the state on the concluding day of the event.

Important Takeaways from Above News-

• Krishna Kant Paul is the present Governor of Uttarakhand.
• Trivendra Singh Rawat is the newly elected CM of Uttarakhand.

6. Vijay Keshav Gokhale appointed economic relations secretary in MEA

i. Senior diplomat Vijay Keshav Gokhale was appointed as the economic relations secretary in the Ministry of External Affairs (MEA). The Appointments Committee of the Cabinet has approved his appointment.

ii. Mr. Gokhale, a 1981-batch officer of Indian Foreign Service (IFS), is at present India's envoy to China. He was the High Commissioner of India to Malaysia from 2010 to 2013.

Important Takeaways from Above News-

• Smt. Sushma Swaraj is the Union External Affairs Minister.

7. Dr. Jitendra Singh launches new training programme ‘COMMIT’ for State Government officials 

i. The Minister of State for Public Grievances & Pensions, Atomic Energy and Space, Dr. Jitendra Singh launched a new training program 'Comprehensive Online Modified Modules on Induction Training' (COMMIT) for State Government officials. 

ii. The objective of this training program is to improve the public service delivery mechanism and provide citizen-centric administration through capacity building of officials who interact with the citizens on day-to-day basis.
iii. COMMIT will be launched in 6 States of Assam, Haryana, Maharashtra, Tamil Nadu, Telangana and West Bengal initially on the pilot basis during the current financial year 2017-18 and within next year it is expected to cover all India level.

Important Takeaways from Above News-

• Comprehensive Online Modified Modules on Induction Training is the full form of  COMMIT.

8. India becomes 1st country to give to UN Tax Fund with $100000 contribution

i. India has contributed $100,000 to a UN fund to help developing countries actively participate in the discussion of tax issues, becoming the first country to make the contribution. The UN Tax Trust Fund aims to support the work of the Committee of Experts on International Cooperation in Tax Matters.

ii. The UN Tax Committee, a subsidiary body of the UN Economic and Social Council (ESOSOC), has provided guidance on current issues such as double taxation treaties, transfer pricing (profit shifting) taxation of the extractive industries and taxation of services.

Important Takeaways from Above News-

• UN Headquarters in New York City, USA.
• The Secretary General of UN is Mr. Antonio Guterres.

9. Govt. unveils new hydrocarbon policy

i. Petroleum Minister Dharmendra Pradhan introduced a new oil and gas block licensing policy that is expected to open up 2.8 million square kilometers of sedimentary basins to exploration and production activities.
ii. The Minister was at the inauguration of the government’s Open Acreage Licensing Policy (OALP) and the National Data Repository. The OALP, a part of the government’s Hydrocarbon Exploration and Licensing Policy (HELP), gives exploration companies the option to select the exploration blocks on their own, without having to wait for the formal bid round from the Government.

10. Adi Godrej, Andrew Liveris bag USIBC Global Leadership Awards

i. Godrej Group Chairman Adi Godrej and Dow Chemical CEO Andrew Liveries have been awarded the Global Leadership Awards of the US-India Business Council for their role in integrating India in the global supply chain.

ii. Liveris and Godrej were presented with the prestigious annual award at the USIBC's annual gala. Both were honored for creating inclusive business environments, integrating India in the global supply chain and advancing core values such as manufacturing, innovation and scale in tough market conditions.

Important Takeaways from Above News-

• The President of USIBC is Mr. Mukesh Adhi.

11. Hyderabad-based TS Vineeth Bhatt conferred with the 'best astrologer of world' award

i. City-based astrologer and numerologist T S Vineeth Bhatt has been conferred with the 'Best astrologer of the world' award at the 'Russian-Indian economic dialogue' round-table meet held in Moscow. 

ii. The event was organized by Peacemakers International, a charity that works for the advancement of conflict resolution through mediation services and training.