Word Usage Questions for SBI PO

Directions (1-15): For each of the words given below, a contextual usage is provided. From the alternatives given, pick the word that is the most inappropriate as a substitute in the given context and mark its number as your answer.

Q1. Abjure: I have decided to abjure smoking.

(a) relinquish

(b) renounce

(c) abnegate

(d) discontinue

(e) abandon

Q2. Acquittal: His acquittal in spite of the incriminating evidence surprised all of us.

(a) dismissal

(b) vindication

(c) exoneration

(d) deliverance

(e) exculpation

Q3. Presage: The phenomenal growth of this chain of stores presaged globalization and was a glitzy part of it.

(a) supported

(b) signaled

(c) prophesised

(d) portended

(e) threatened

Q4. Unassailable: Its brand image is unassailable.

(a) impregnable

(b) invincible

(c) inviolable

(d) invisible

(e) secure

Q5. Venom: The venom in his voice was unmistakable.

(a) rancour

(b) abhorrence

(c) malice

(d) malevolence

(e) bitterness

Q6. Despondent: After their trauma, they were exhausted and despondent.

(a) doleful

(b) morose

(c) defiant

(d) crestfallen

(e) dismal

Q7. Fitfully: She felt groggy in the morning as she had slept fitfully the previous night.

(a) faintly

(b) intermittently

(c) irregularly

(d) discontinuously

(e) erratically

Q8. Incredulous: He was incredulous regarding the potential benefits of the tiny gadget.

(a) cynical

(b) disbelieving

(c) weary

(d) skeptical

(e) dubious

Q9. Misconstrue: His introverted behaviour is often misconstrued as haughtiness.

(a) erred

(b) misinterpreted

(c) misunderstood

(d) confused

(e) miscalculated

Q10. Embellish: On the occasion of the festival, the deity was embellished with jewels of many types.

(a) adorned

(b) beautified

(c) studded

(d) decorated

(e) beatified

Q11. Paean: The student leader ended his speech singing paeans about the initiatives adopted by the new principal.

(a) panegyric

(b) accolades

(c) eulogy

(d) anathema

(e) tribute

Q12. Sprightly: Her sprightly disposition camouflaged her illness.

(a) voracious

(b) vivacious

(c) jaunty

(d) perky

(e) frisky

Q13. Ubiquitous: The ubiquitous internet cafes have helped increase the level of its accessibility to the common man.

(a) pervasive

(b) dominating

(c) prevalent

(d) extensive

(e) rife

Q14. Tyro: His subtle discomfort in front of the camera reveals that he is a tyro in this field.

(a) novice

(b) veteran

(c) beginner

(d) neophyte

(e) trainee

Q15. Variegated: The variegated religions and the multitude of cultures contribute to the rich spiritual heritage of our country.

(a) kaleidoscopic

(b) psychedelic

(c) many-hued

(d) diversified

(e) colourful

Solutions

S1. Ans.(d)

Sol. ‘Abjure’ means to solemnly renounce. Hence, it can mean renounce, relinquish (give up) or abnegate (renounce or reject) or abandon but not discontinue (stop) discontinue is a common word by comparison.

S2. Ans.(a)

Sol. ‘Acquittal’ means declared not guilty. Hence it can mean vindication (shown to be right or justified), exoneration (officially absolve from blame), and deliverance (the process of being set free), and exculpation but not dismissal (order or allow to leave).

S3. Ans.(a)

Sol. ‘Presage’ means a sign or warning. It also means predict. Hence, in the context it can be replaced by signalled (indicate a state) or prophesied (predicted) or portended (sign or warning) or threatened but not supported (bear the weight or give assistance).

S4. Ans.(d)

Sol. ‘Unassailable’ means not liable to attack hence ‘impregnable’, (unconquerable) invincible’ or ‘secure’ or ‘inviolable’ but not ‘invisible’ (not seen).

S5. Ans.(b)

Sol. ‘Venom literally means poison and by extension hatred and bitterness. In this context it can mean rancor (bitterness) malice (hatred) malevolence (ill-will) and bitterness. It cannot mean abhorrence which is disgust.

S6. Ans.(c)

Sol. ‘Despondent’ means being in low spirits from loss of hope or courage. It can mean doleful (sorrowful), morose (sullen) or crestfallen (sad and disappointed) dismal, but not defiant (resistance or disobedient).

S7. Ans.(a)

Sol. ‘Fitfully’ means occurring intermittently, not regularly. Hence, it means erratically intermittently, irregularly discontinuously but it does not mean faintly which means ‘barely perceptible’.

S8. Ans.(c)

Sol. ‘Incredulous’ means unwilling to believe. Hence, it can be dubious, cynical meaning, sceptical (doubtful) and disbelieving but not weary (tired).

S9. Ans.(d)

Sol. ‘Misconstrued’ means ‘interpreted wrongly, hence it can mean miscalculated, misinterpreted or misunderstood (wrongly understood) or erred (mistaken) but not confused which means bewildered or lacking order.

S10. Ans.(e)

Sol. ‘Embellished’ means adorned or decorated or studded and hence beautified but not beatified (sanctified).

S11. Ans.(d)

Sol. ‘Paeans’ means a song of praise hence it can mean tribute, panegyric (in praise of someone) accolade (special honour), eulogy (praise someone highly) but not anathema (something that one vehemently dislikes).

S12. Ans.(a)

Sol. ‘Sprightly’ means lively, energetic, hence it can mean frisky, vivacious (attractively lively) jaunty (lively and self confident manner) perky (cheerful and lively) but not voracious which means greedy or insatiable.

S13. Ans.(b)

Sol. ‘Ubiquitous’ means found everywhere, hence it means rife, pervasive (widespread), prevalent (widespread or existing) and extensive (covering a large area) but not dominating which means have a commanding or controlling influence over.

S14. Ans.(b)

Sol. ‘Tyro’ means a beginner or novice hence it can mean trainee, beginner novice or neophyte (a person who is new to a subject) but not veteran (a person who has long experience in a field) which is the opposite.

S15. Ans.(d)

Sol. ‘Variegated’ means exhibiting different colours hence colourful, kaleidoscopical (changing patterns, psychedelic (vivid colours and swirling abstract patterns) and many hued (many colours) but not diversified (enlarge the range).

Daily GK Update 06th July 2017

1. India Signed 7 Agreements with Israel

i. A total of seven agreements were signed between India and Israel in sectors ranging from agriculture to water conservation and space as they sought to deepen ties beyond high-priced defence deals.

ii. The PM of India Mr. Narendra Modi and his counterpart Benjamin Netanyahu presented a series of agreements for cooperation on satellite technology, water and agriculture, as well as the creation of a $40 million innovation fund.

Important Takeaways From Above News-

• Benjamin Netanyahu is the PM of Israel.
• The Capital of Israel is Jerusalem.
• Israeli new shekel is the Currency of Israel.
• PM Modi's visit marks 25 years since India and Israel established diplomatic relations.

2. Sushma Swaraj inaugurated the 9th edition Delhi Dialogue

i. External Affairs Minister Sushma Swaraj has inaugurated the 9th edition of Delhi Dialogue.
ii. The theme for Delhi Dialogue 9 is 'India-ASEAN relations: Charting the Course for the Next 25 Years'.

Important Takeaways from Above News-

• ASEAN was established on 8 August 1967 in Bangkok, Thailand.

3. 5th Meeting of BRICS Education Ministers held in China

i. Meeting of BRICS Ministers of Education was held in Beijing, China. The Indian delegation was led by Shri Prakash Javadekar, Minister of Human Resource Development, India.

ii. Javadekar highlighted some of the initiatives of the Govt. of India in education. He specifically spoke about the National Institutional Ranking Framework (NIRF), SWAYAM platform which has already hosted over 480 courses online, research initiative IMPRINT and Smart India Hackathon.

Important Takeaways from Above News-

• Brazil, Russia, India, China, and South Africa are the five-member Nations of BRICS.
• It was established in 2009.

4. AIIB approves USD 329 mn loan to build roads in Gujarat

i. China-based Asian Infrastructure Investment Bank (AIIB) announced its approval to a $329 million loan to build access roads across 4,000 villages in Gujarat.
ii. The funds have been approved to construct road linkages for last-mile connectivity to schools and tribal areas in 33 districts of the state. 

Important Takeaways from the above News:

• Jin Liqun is present president of the Asian Infrastructure Investment Bank (AIIB).
• Beijing, China is headquarters of AIIB.

5. 10th Session of the India- Jordan Trade and Economic Joint Committee held in New Delhi

i. The 10TH India-Jordan Trade and Economic Joint Committee (TEJC) Meeting was held in New Delhi under the co-chairs of Smt. Nirmala Sitharaman, Minister of State (Independent Charge) for Commerce and Industry, (India) and Mr. Yarub Qudah, Minister of Industry, Trade and Supply (Jordan).

ii. The two leaders also inked the revised Economic and Trade Cooperation Agreement between India and Jordan, aiming at boosting and diversifying bilateral trade relations, in addition to promote economic, trade and investment cooperation based on the principle of equity, non-discrimination.

Important Takeaways from Above News-

• Amman is the Capital of Jordan.
• The currency of Jordan is Jordanian dinar.

6. Jammu & Kashmir Assembly passes resolution to implement GST in the state

i. Jammu and Kashmir Assembly adopted a resolution to implement the goods and services tax (GST), bringing the state’s indirect taxation into the new unified tax regime that the rest of the country adopted on 1 July at a landmark ceremony in Parliament.

ii. With this Jammu and Kashmir has become the last state to pass the GST bill in the state.

Important Takeaways from the above News-

• Mehbooba Mufti Sayeed is the present chief minister of Jammu and Kashmir.
• Narinder Nath Vohra is the present governor of Jammu and Kashmir.

7. Pradeep Kumar Rawat appointed as the next Ambassador of India to Indonesia

i. Pradeep Kumar Rawat presently a Joint Secretary in the Ministry of External Affairs (MEA), has been appointed as the next Ambassador of India to Indonesia.
ii. Rawat, an Indian ForeignService (IFS) officer of the 1990 batch, is expected to take up his assignment shortly.

Important Takeaways from Above News- 

• The capital of Indonesia is Jakarta.
• Joko Widodo is the current president of Indonesia.

8. N Chandrasekaran appointed as Chairman of Tata Global Beverages Limited

i. Tata Global Beverages Ltd. appointed Natarajan Chandrasekaran as the Chairman of its board with immediate effect. Chandrasekaran will succeed Harish Bhat.

ii. The Board has also appointed Siraj Azmat Chaudhry as Non-Executive Independent Director.

Important Takeaways from the above News-

• Natarajan Chandrasekaran is also head of  Tata Sons.
• Harish Bhat was appointed in place of former Tata Sons chairman Cyrus Mistry in November 2016.

9. Trilateral Malabar exercise to kick off on July 10

i. The Malabar naval exercise involving Indian, American and Japanese navies will kick start on July 10 in the Bay of Bengal.
ii. The aim of the Malabar exercise is to achieve deeper military ties and greater interoperability among the three navies in the strategically-important Indo-Pacific region. India and the US have regularly conducted the annual exercise since 1992.

Important Takeaways From Above News-

• Admiral Sunil Lanba is the Chief Naval Officer of Indian Navy. 
• Yutaka Murakawa is the Chief of Staff of Japan Maritime Self-Defense Force (JMSDF). 
• Chief of Naval Operations (CNO) of American Navy is Admiral John M. Richardson.

10. Pankaj Advani-led Indian team beat Pakistan to clinch Asian Snooker Championship

i. India’s leading cueist Pankaj Advani teamed up with Laxman Rawat to demolish Pakistan in the final of the Asian Team Snooker Championship in Bishkek, Kyrgyzstan. Advani pieced together a brilliant break of 83 to seal the first tie of the best-of-five final.

ii. Advani remained the only player not to lose a single individual match in the team event. This title brings up Advani’s second Asian title this season and 8th overall while it was a first major first international title for Rawat.

Important Takeaways from above News-

• Bishkek is the Capital of Kyrgyzstan.
• The Currency of Kyrgyzstan is Kyrgyzstani som.
• The President of Kyrgyzstan is Almazbek Atambayev.

11. South Indian Bank ties up with PFG Forex

i. South Indian Bank has tied up with PFG Forex for remittance facility for the benefit of Indian expatriates from Australia. The new facility will leverage the bank to reach the Indian diaspora.

ii. Under this arrangement, NRIs can enjoy cost-effective and fast remittance services using SIB's Express facility. NRIs can visit the PFG Forex outlets across Australia for remittances to India. SIB is already having correspondent banking arrangement with National Australia Bank and Fly World Money Exchange for remittances to India.

Important Takeaways from the above News:

• Headquarter of South Indian Bank is in Thrissur, Kerala.
• Current MD and CEO of South Indian Bank is Mr. V.G Mathew.

Banking Awareness

Q1. Which Bank has launched 10-second paperless instant loan Scheme?

(a) HDFC

(b) SBI

(c) PNB

(d) IDBI

(e) ICICI

S1. Ans.(a)
Sol. HDFC Bank, India’s second-largest private sector lender has launched a 10-second paperless instant loan Scheme for its existing customers. The 10-second Loan Scheme was launched as part of HDFC Bank’s digital banking platform GoDigital. With this, HDFC Bank became first banking institution to completely automate the entire process of loan approval and disbursement.

Q2. Which among the following organisation to provide Rs 30,000 crore credit to farmers for irrigation?

(a) NABARD

(b) RBI

(c) SBI

(d) PNB

(e) SIDBI

S2. Ans.(a)
Sol. State-run National Bank for Agriculture and Rural Development (NABARD) has set a target of providing 30,000 crore rupees as the credit to farmers for the irrigational purpose. It was announced by Bank’s Chairman and Managing Director Dr Harsh Kumar Bhanwala in Mumbai on the occasion of 34th Foundation Day of NABARD.

Q3. Which of the following bodies regulates the Regional Rural Banks?

(a) Union Government

(b) SBI

(c) RBI

(d) NABARD

(e) SIDBI

S3. Ans.(d)
Sol. RRBs are regulated by NABARD. Other banks are regulated by RBI directly.

Q4. Which among the following banks has launched the First Multi-Currency Contactless Card service in India?

(a) HDFC Bank

(b) Axis Bank

(c) State Bank of India

(d) Punjab National Bank

(e) ICICI Bank

S4. Ans.(b)
Sol. India’s third largest private sector lender, Axis Bank has launched the first Contactless Debit, Credit and Multi-Currency Forex Card in association with VISA payWave in the country. Axis Bank will offer a contactless debit/credit cards to its 1.7 million premium customers which also enables withdrawal of 15 currencies via Multi-Currency Forex facility. To facilitate contactless cards operations bank will upgrade 50,000, of its point of sale (PoS) machines across the country.

Q5. Name the organisation, which has allows Banks to tie up with insurers?

(a) IRDA

(b) RBI

(c) SBI

(d) World Bank

(e) SEBI

S5. Ans.(a)
Sol. The Insurance Regulatory and Development Authority of India (IRDA) has allowed banks to tie up with insurers. This decision was taken as part of the IRDAI’s new Bancassurance model guidelines which will be notified soon. Prior to this decision, banks were not allowed to have insurance agency tie-ups with more than one insurer. As per new decision banks can tie up with nine insurers from three segments viz. life, non–life and standalone health. It will not be binding on banks and they are free to take their call. Earlier, IRDA had constituted a 7 member committee to study the reviewing of the existing architecture of the Bancassurance model.

Q6. Which among the following Banks has launched ‘Saral-Rural Housing Loan’ Scheme for weaker sections?

(a) ICICI Bank

(b) SBI

(c) PNB

(d) Syndicate Bank

(e) Axis Bank

S6. Ans.(a)
Sol. India’s largest private sector lender Industrial Credit and Investment Corporation of India (ICICI) Bank has launched ‘ICICI Bank Saral-Rural Housing Loan’ Scheme for weaker sections of society. The scheme is new home loan proposition of the bank with the special interest rate to cater people from rural areas including women borrowers as well as from weaker sections.

Q7. Which of the following public sector bank emblem figures a dog and the words ‘faithful, friendly’ in it?

(a) Punjab National Bank

(b) Oriental Bank of Commerce

(c) Syndicate Bank

(d) State Bank of India

(e) Indian Overseas Bank

S7. Ans.(c)
Sol. Syndicate Bank emblem figures a dog and the words ‘faithful, friendly’ in it.

Q8. If the Cash Reserve Ratio (CRR) is lowered by the RBI, its impact on credit creation will be-

(a) Increases

(b) Decreases

(c) No impact

(d) All of the above

(e) None of the given options is true

S8. Ans.(a)
Sol. The Cash Reserve means, RBI informs the banks to maintain particular cash as the reserve. So if the reserve ratio is lower then the bank can utilise those cash for credit purpose.

Q9. Which one of the following is a private bank?

(a) Allahabad Bank

(b) Punjab and Sind Bank

(c) Punjab National Bank

(d) South Indian Bank

(e) Bank of Baroda

S9. Ans.(d)
Sol. South Indian Bank Limited is a major private sector bank headquartered at Thrissur in Kerala.

Q10. PAN card issued by the income tax department cannot be used for which of the following purpose?

(a) Proof of identity

(b) Proof of a registered tax payer

(c) Proof of address

(d) Proof of date of birth

(e) None of the given options is true

S10. Ans.(c)
Sol. Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department, to any “person” who applies for it or to whom the department allots the number without an application.

Q11. Which among the following sectors contributes most to the saving in India?

(a) Banking and financial sector

(b) Private corporate sector

(c) Export sector

(d) Household sector

(e) None of the given options is true

S11. Ans.(d)

Sol. Household contributes most to the saving in India.

Q12. The EXIM Bank of India was established in-

(a) 1964

(b) 1970

(c) 1982

(d) 1984

(e) 1992

S12. Ans.(c)
Sol. Established by the Government of India, EXIM Bank has commenced operations in 1982 under the Export-Import Bank of India Act, 1981 as a purveyor of export credit, mirroring global Export Credit Agencies.

Q13. In banking terminology, NPA means-

(a) Non-Promise Account

(b) Non-Personal Account

(c) Non-Performing Asset

(d) Net-performing Asset

(e) Non-Performing Agency

S13. Ans.(c)
Sol. NPA stands for Non-Performing Asset.

Q14. Which of the following schemes has been launched for providing health services in rural areas?

(a) Operation Flood

(b) Look East

(c) SJSRY

(d) ASHA

(e) MGNREGA

S14. Ans.(d)
Sol. The ASHA or the Accredited Social Health Activist. ASHA will be the first port of call for any health related demands to access health services. ASHA will be a health activist in the community who will create awareness on health and its social determinants and mobilise the community towards local health planning and increased utilisation and accountability of the existing health services in Rural areas.

Q15. Which of the following is NOT a banking related term?

(a) Radiation

(b) Outstanding Amount

(c) Explicit Guarantee

(d) Benchmark Prime Lending Rate

(e) None of the given options is true

S15. Ans.(a)
Sol. In physics, radiation is the emission or transmission of energy in the form of waves or particles through space or through a material medium.

QUIZ-06

Q1. Stepping up its fight against tax evasion, the Centre has made it mandatory to quote the Aadhaar number for opening bank accounts and for transactions exceeding.......?
(a) Rs.1, 00,000
(b) Rs.10, 000
(c) Rs.75, 000
(d) Rs.50, 000
(e) Rs.25, 000

S1. Ana.(d)
Sol. Stepping up its fight against tax evasion, the Centre has made it mandatory to quote the Aadhaar number for opening bank accounts and for transactions exceeding Rs.50,000. With the amendments to the Prevention of Money Laundering (Maintenance of Records) Rules, 2005 notified earlier this month, banks will have to demand both Aadhaar and the Permanent Account Number (PAN) for verification of identity, starting June 1.

Q2. Helmut Kohl was passed away recently. He was from-
(a) France
(b) USA
(c) Canada
(d) Japan
(e) Germany

S2. Ana.(e)
Sol. Former German Chancellor, Helmut Kohl, died at his house in Ludwigshafen, in the western state of Germany. He was 87.  Mr. Kohl, who led the centre-right Christian Democrats, was the longest-serving German chancellor of the 20th Century. As Germany's leader for 16 years, Kohl was remembered for reuniting the country and for making a huge political and economic contribution to Europe's integration.

Q3. The country's competition watchdog commonly known as CCI has imposed a penalty of how much amount on Korean carmaker Hyundai Motor India for anticompetitive conduct?
(a) Rs 87 crore
(b) Rs 501 crore
(c) Rs 133 crore
(d) Rs 102 crore
(e) Rs 15 crore

S3. Ana.(a)
Sol. The country's competition watchdog has imposed a penalty of Rs 87 crore on Korean carmaker Hyundai Motor India for anticompetitive conduct. According to the Competition Commission of India (CCI), the carmaker imposed arrangements upon its dealers that resulted in resale price maintenance — a deal not to sell a product below a specified price — in the sale of passenger cars manufactured by it. 

Q4. Name the singer and pop culture lightning rod, who has became the first person to reach 100 million followers on Twitter, making her/his the most-followed person on the platform?
(a) Justin Bieber
(b) Robert Pattinson
(c) Katy Perry
(d) Tom Cruise
(e) Kristen Stewart

S4. Ana.(c)
Sol. Katy Perry just keeps soaring in popularity. The Witness singer and pop culture lightning rod became the first person to reach 100 million followers on Twitter, making her the most-followed person on the platform, Twitter reports. Perry joined Twitter back in 2009, making her something of an early adopter as a celebrity. 

Q5. Which among the following Metro is the first public transport system to reserve jobs for members of the third sex and it will be manned mainly by women a self-help group?
(a) Jaipur Metro
(b) Kochi Metro
(c) Delhi Metro
(d) Bengaluru Metro
(e) Kolkata Metro

S5. Ana.(b)
Sol. Prime Minister Narendra Modi has inaugurated the Kochi Metro. He took a ride on the Metro from Palarivattom station to Pathadippalam station. Kerala Governor P Sathasivam, Chief Minister Pinarayi Vijayan, Union Urban Development Minister M Venkaiah Naidu and E Sreedharan is popularly known as Metro man also travelled with Mr Modi. Kochi Metro is the first public transport system to reserve jobs for members of the third sex and it will be manned mainly by women a self-help group.

Q6. What is the tagline of Aadhaar?
(a) UIDAI Parivaar, Aapka Parivaar
(b) Mera Aadhaar, Meri Pehchan
(c) Aadhar Ek, Khushiyan Anek
(d) Mera Khata, Bhagya Vidhaata
(e) Aam Aadmi, Ka Aadhikar

S6. Ana.(b)
Sol. The present tagline of Aadhaar is 'Mera Aadhaar, Meri Pehchan. The tagline of Aadhaar - 'Aam Aadmi Ka Aadhikar' has been changed to 'Mera Aadhaar, Meri Pehchan'.

Q7. Who is the present Chairperson of Competition Commission of India (CCI)?
(a) Neeru Chadha
(b) Ramanathan Ramanan
(c) J Satyanarayana
(d) Nandan Nilekani
(e) Devender Kumar Sikri

S7. Ana.(e)
Sol. Devender Kumar Sikri is the present Chairperson of Competition Commission of India (CCI). Competition Commission of India (CCI) has been established by the Central Government with effect from 14th October 2003.

Q8. External Affairs Minister has inaugurated __________ for young overseas Indians in New Delhi. 
(a) Ek Bharat Anek Sanskriti (EBAS)
(b) Bharat Ko Jaano (BKJ)
(c) Know India Programme (KIP)
(d) Young India Campaign (YIC)
(e) None of the given options is true

S8. Ana.(c)
Sol. External Affairs Minister Sushma Swaraj has inaugurated Know India Programme (KIP) for young overseas Indians at a function in New Delhi. This programme is aimed at promoting awareness on different facets of life in India and the progress made by the country in various fields such as economic and education. The Know India Programme is a three-week orientation programme for the Indian diaspora. It provides a unique forum for students and young professionals of Indian origin to visit India, share their views, expectations and experiences and develop closer bonds with the contemporary India.

Q9. Name the former Chief Justice of India, who was considered a pioneer of judicial activism in the country for introducing the concept of Public Interest Litigations (PILs) was passed away in New Delhi after the brief illness? 
(a) Anil Madhav Dave
(b) Reema Lagoo
(c) Mehrunnisa Dalwai
(d) PN Bhagwati
(e) C Narayana Reddy

S9. Ana.(d)
Sol. Former Chief Justice of India PN Bhagwati, considered a pioneer of judicial activism in the country for introducing the concept of Public Interest Litigations (PILs) was passed away in New Delhi after the brief illness. 

Q10. Which among the following public sector banks has entered into a tie-up with Tirumala Milk Products, a South- based company which was acquired by Groupe Lactalis in 2014, to provide loans to dairy farmers who supply milk to the latter?
(a) State Bank of India
(b) Bank of Baroda
(c) Central Bank of India
(d) Indian Overseas Bank
(e) Punjab National Bank

S10. Ana.(a)
Sol. State Bank of India has entered into a tie-up with Tirumala Milk Products, a South- based company which was acquired by Groupe Lactalis in 2014, to provide loans to dairy farmers who supply milk to the latter. France-based Groupe Lactalis, which also acquired Indore-based Anik Dairy in 2016, wants to double the number of dairy farmers under its fold to three lakh and ramp up the amount of milk it procures daily to 25 lakh litres by 2020 from 14 lakh litres now.

Q11. Pension Fund Regulatory and Development Authority (PFRDA) has now introduced __________ which involves a complete digital enrolment process.
(a) APY@eNPS
(b) EPFO@eNPS
(c) PMJDY@eNPS
(d) KVP@eNPS
(e) PMMY@eNPS

S11. Ana.(a)
Sol. Pension Fund Regulatory and Development Authority (PFRDA) has now introduced “APY@eNPS” which involves a complete digital enrolment process. This is the latest in the series of various initiatives taken by PFRDA for expansion of outreach of Atal Pension Yojana (APY), to give the additional push to cover the as yet unreached population with greater ease. PFRDA has conducted meetings with Banks and Dept of Post at Kolkata, Bengaluru & Mumbai respectively for the earliest roll out of the facility call.

Q12. The Directorate General of Civil Aviation (DGCA) has suspended the flying licence of Air Carnival, which has not operated a single flight since early April. Air Carnival is based in-
(a) Nagpur
(b) Coimbatore
(c) New Delhi
(d) Patna
(e) Kochi

S12. Ana.(b)
Sol. The Directorate General of Civil Aviation (DGCA) has suspended the flying licence of Coimbatore-based carrier Air Carnival, which has not operated a single flight since early April. With this, Air Carnival has become the third regional carrier, after Air Pegasus and Air Costa, whose air operator permit has been suspended by DGCA in the last eight months.

Q13. Who is Shushma Swaraj?
(a) Union Minister for Human Resource Development
(b) Union Minister for Civil Aviation
(c) Union Minister of External Affairs of India
(d) Union Minister of Women and Child Development
(e) Union Minister of Food Processing Industries

S13. Ana.(c)
Sol. Sushma Swaraj is an Indian politician, former Supreme Court lawyer and the current Minister of External Affairs of India, in office since 26 May 2014.

Q14. The Atal Pension Yojana (APY) was launched by the Prime Minister of India on 9th May 2015 and became operational from 1st June 2015. APY is available for all citizens of India in the age group of-
(a) 18-20 years
(b) 18-60 years
(c) 18-50 years
(d) 18-40 years
(e) 18-30 years

S14. Ana.(d)
Sol. The Atal Pension Yojana (APY) was launched by the Prime Minister of India on 9th May 2015 and became operational from 1st June 2015. APY is available for all citizens of India in the age group of 18-40 years. Under the APY, the subscribers would receive a minimum guaranteed pension of Rs. 1000 per month, Rs. 2000 per month, Rs. 3000 per month, Rs. 4000 per month, Rs. 5000 per month, at the age of 60 years, depending on their contributions, which itself would vary on the age of joining the APY.

Q15. UIDAI is a statutory authority established under the provisions of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (“Aadhaar Act 2016”) on 12 July 2016 by the Government of India, under the Ministry of Electronics and Information Technology (MeitY). What is the meaning of "U" in UIDAI?
(a) Unicode
(b) Universal
(c) Umbrella
(d) Useful
(e) Unique

S15. Ana.(e)
Sol. The Unique Identification Authority of India (UIDAI) is a statutory authority established under the provisions of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (“Aadhaar Act 2016”) on 12 July 2016 by the Government of India, under the Ministry of Electronics and Information Technology (MeitY). UIDAI was created with the objective to issue Unique Identification numbers (UID), named as "Aadhaar", to all residents of India that is (a) robust enough to eliminate duplicate and fake identities, and (b) can be verified and authenticated in an easy, cost-effective way. The first UID number was issued on 29 September 2010 to a resident of Nandurbar, Maharashtra. The Authority has so far issued more than 111 crore Aadhaar numbers to the residents of India.