Test of the Day

Q1. MUDRA Bank, a Non Banking Finance Company as MUDRA Ltd has been set up as a subsidiary of............?

 SIDBI

 IDBI

 RBI

 NABARD

 SBI

Solution:

MUDRA Bank, a Non Banking Finance Company as MUDRA Ltd has been set up as a subsidiary of SIDBI.

Q2. In which among the following year Asia's first Export Processing Zone (EPZ) was set up?

 1959

 1971

 1965

 1956

 1975

Solution:

India was one of the first in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia's first EPZ set up in Kandla, Gujarat in 1965. With a view to overcome the shortcomings experienced on account of the multiplicity of controls and clearances; absence of world-class infrastructure, and an unstable fiscal regime and with a view to attract larger foreign investments in India, the Special Economic Zones (SEZs) Policy was announced in April 2000.

Q3. Which of the following Indian Wrestler defeated Lee Seung-chul of Korea to win the gold medal in themen’s 65 kg freestyle category at the Asian Wrestling Championship 2017?

 Sushil Kumar

 Yogeshwar Dutt

 Bajrang Punia

 Sakshi Malik

 Narsingh Yadav

Solution:

Bajrang Punia defeated Lee Seung-chul of Korea to win the gold medal in the men’s 65 kg freestyle category at the Asian Wrestling Championship.

Q4. Which of the following Indian state was on bottom most position in the list of recently released Public Affairs Index (PAI) 2017 in governance?

 West Bengal

 Chhattisgarh

 Odisha

 Bihar

 Madhya Pradesh

Solution:

Two South Indian States - Kerala and Tamil Nadu - secured first and second rankings for the second year in a row while poll-bound Gujarat gained two positions rising from five in 2016 to three in 2017 and Bihar stayed at the bottom in public affairs index (PAI) in governance in States.

Q5. Which of the following Indian state hosted the first outreach program of the Ministry of External Affairs ‘Videsh Sampark’ to engage the State governments in creating awareness about various programmes of the Ministry?

 Kerala

 Karnataka

 West Bengal

 Assam

 Telangana

Solution:

Telangana hosted the first outreach program of the Ministry of External Affairs ‘Videsh Sampark’ to engage the State governments in creating awareness about various programmes of the Ministry. It was inaugurated by the Minister of State for External Affairs, Gen. V.K. Singh. The conference will create awareness on the schemes regard to consular and passport services, engagement with overseas Indians, welfare and protection of overseas Indians.

Directions (6-10): Study the given information and answer the questions: 
 A word and number arrangement machine when given an input line of words and numbers rearranges them following a particular rule in each step. The following is an illustration of an input and rearrangement.
Input: 19 eyes 24 are 18 now 25 on 32 meet 9 between 
Step I: 10 19 eyes 24 18 now 25 on 32 meet between are
Step II: between 10 eyes 24 18 now 25 on 32 meet are 20
Step III: 26 between 10 24 18 now on 32 meet are 20 eyes
Step IV: meet 26 between 10 24 now on 32 are 20 eyes 17
Step V: 23 meet 26 between 10 on 32 are 20 eyes 17 now
Step VI: on 23 meet 26 between 10 are 20 eyes 17 now 31
And Step VI is the last step of the rearrangement of the above input.
As per the rules followed in the above steps, find out in each of the following questions the appropriate step for the given input.
Input: 17 as 32 of 12 now 29 to 7 push 4 for 

 Q6. In which step the elements ‘32 12 to’ found in the same order?

 Step I

 Step II

 Step III

 Step IV

 Step VI

Solution:
(6-10)

Students let us understand the Logic behind this Question and let’s understand how to solve it. When we see the each step, then we can find that there is both number and words are arranged in each step.
1) For words arrangement- Words are arranged according to ascending order given in English dictionary. In first step the word which come first according to English dictionary arranged first to extreme right. And in second step next word are arranged to extreme left. And this process is continued in further step.
2) For number arrangement- Number are arranged according to ascending order. There are three odd number and three even numbers. In first three step odd number are arranged in ascending order first to extreme left end and in second step to extreme right end and this process is continued in further step.And in last three step even number are arranged in ascending order. (Each odd number is added by 1 while they are arranged and each even number is subtracted by 1 while they are arranged).
Input: 17 as 32 of 12 now 29 to 7 push 4 for 
 Step I: 8 17 32 of 12 now 29 to push 4 for as
 Step II: for 8 32 of 12 now 29 to push 4 as 18
 Step III: 30 for 8 32 of 12 to push 4 as 18 now
 Step IV: of 30 for 8 32 12 to push as 18 now 3
 Step V: 11 of 30 for 8 32 to as 18 now 3 push
 Step VI: to 11 of 30 for 8 as 18 now 3 push 31

Q7. In step III, which of the following element would be at 2nd to the left of 5th from the right end?

 12

 to

 push

 4

 as

Q8. How many step required completing the above arrangement?

 Three

 Four

 Five

 Seven

 None of these.

Q9. Which of the following would be the step V after arrangement?

 11 of 30 for 8 32 to 18 as now 3 push

 of 11 30 for 8 32 to as 18 now 3 push

 11 of 30 for 8 32 to as 18 now push 3

 11 of 30 for 8 32 to as 18 now 3 push

 None of these

Q10. In step VI, ‘to’ is related to ‘of’ and ‘now’ is related to ‘push’. In the same way ‘for’ is related to?

 to

 11

 of

 as

 None of these

Q11. Two guns were fired form the same place at an interval of 10 minutes and 30 seconds, but a person in the train approaching the place hears the second shot 10 minutes after the first. The speed of the train (in km/hr), supposing that speed of sound travels at 330 metres per second, is 

 19.8

 58.6

 59.4

 111.80

 None of these

Solution:

Q12. Four identical coins are placed in a square. For each coin, the ratio of area to circumference is same as the ratio of circumference to area.

Then, find the area of the square that is not covered by the coins

 16(π-1)

 16(8-π)

 16(4-π)

 

 None of these

Solution:

Q13. The figure shows a circle of diameter AB and radius 6.5 cm. If chord CA is 5 cm. long, find the area of ∆ ABC

 60 sq. cm

 30 sq. cm

 40 sq. cm

 52 sq. cm

 None of these

Solution:

Q14. Ram and Shyam appear for an interview for two vacancies in an organization for the same post. The probabilities of their selection are 1/6 and 2/5 respectively. What is the probability that at least one of them will be selected? 

 5/6

 1/5

 1/2

 3/5

 None of these

Solution:

Q15. Three groups of children contain 3 girls and 1 boy, 2 girls and 2 boys and 1 girl and 3 boys respectively. One child is selected at random from each group. The probability that the three selected consists of 1 girl and 2 boys is 

 13/32

 12/32

 15/32

 11/32

 None of these

Solution:

The event definition is A girl is selected from the first group and one boy each is selected from the second and third groups. OR A girl is selected from the second group and one boy each is selected from the first and third groups. OR A girl is selected from the third group and one boy each is selected from the first and second groups.
  

Directions (16-20) Read each sentence to find out whether there is any error in it. The error, if any, will be in one part of the sentence. The number of that part is the answer. If there is no error, the answer is (E). (Ignore errors of punctuation, if any.)

Q16. 

 As mentioned on the form

 and also in the brochure

 please write your

 name only with ink.

 No error

Solution:

Use 'in' in place of 'with' because 'ink' is an uncountable noun and 'with' is used with countable noun.

Q17. 

 Ramesh is a student

 who we all expect.

 to get more than

 95% marks

 No error

Solution:

Replace' who' with 'whom' because the relative pronoun is functioning as an object here and 'whom' is always used as an object.

Q18. 

 He is one of

 the best novelists

 that has ever lived.

 do you agree?

 No error

Solution:

Replace 'has' with 'have'. This is all because of the rule that the verb after a relative pronoun (who, whom,which,that,as,etc)agrees with the noun coming just before it.

Q19. 

 He who knows

 all the pros and cons

 of any problem

 can wield a lot of power

 No error

Solution:

No error

Q20. 

 I am obliged with you

 and your entire family

 for showing kindness

 and generosity towards us.

 No error

Solution:

'Obliged' is always followed by preposition 'To' not 'with'

Daily GK Update 12th September 2017

1. Belarus President on Two-Day Visit in India

i. Prime Minister Narendra Modi met Belarus President Aleksandr Grigoryevich Lukashenko in New Delhi to discuss various issues of mutual interest of both countries. A number of agreements are expected to be signed in several areas after the talks.
ii. Mr. Lukashenko’s visit is significant as it taking place in a year when Belarus and India are celebrating the 25th anniversary of the establishment of diplomatic relations.

Important Takeaways from Above News-

• Minsk is the Capital city of Belarus.
• Its Currency is Belarusian ruble.

2. British Parliament Passed EU Withdrawal Bill

i. The Government’s bid to extract the UK from EU law in time for Brexit has passed its first Parliamentary test. The EU Withdrawal Bill was backed by MPs by 326 to 290. The bill, which will end the supremacy of EU law in the UK, now moves onto its next Parliamentary stage.

ii. Previously referred to as the Great Repeal Bill, the EU Withdrawal Bill overturns the 1972 European Communities Act which took the UK into the then European Economic Community. It will also convert all existing EU laws into UK law, to ensure there are no gaps in legislation on Brexit day.

Important Takeaways from Above News-

• Theresa May is the Present PM of the United Kingdom.

3. India, Afghanistan Exchange Four Pacts

i. India and Afghanistan exchanged four pacts in areas of health, transport, space and new development partnership. The agreements were exchanged after delegation level talks between External Affairs Minister Sushma Swaraj and Foreign Minister of Afghanistan Salahuddin Rabbani in New Delhi.

ii. Mr. Rabbani was on the three-day visit to India. India will supply wheat to Afghanistan in coming weeks through Chahbahar port. 

Important Takeaways from Above News-

• Kabul is the Capital City of Afghanistan.
• Ashraf Ghani is the President of Afghanistan.

4. National Pension Scheme Upper Age Limit Raised to 65

i. The Pension Fund Regulatory and Development Authority (PFRDA) announced that the upper age limit for joining the National Pension Scheme (NPS) had been raised to 65 years, from the current 60.

ii. NPS is currently open for people between 18 and 60, and the Board has approved raising the age limit for joining to 65.

Important Takeaways from Above News-

• Hemant Contractor is the Chairman of PFRDA.

5. ADB to Provide $152 Million Fund to Nepal

i. The Asian Development Bank (ADB) will provide a USD 152 million to Nepal for the implementation and enhancement of its power transmission and distribution. ADB and Nepal’s Ministry of Finance signed the loan agreement in Kathmandu.
ii. The aid will be granted to the Power Transmission and Distribution Efficiency Enhancement Project (PTDEEP) which supports the expansion of the transmission lines in various areas of Nepal.

Important Takeaways from Above News-

• ADB headquarters in Manila, Philippines.
• Takehiko Nakao is the President of ADB.

6. First Lifetime Achievement Award to Prakash Padukone

i. The renowned Indian Badminton legend Prakash Padukone has been selected for the first life time award by Badminton Association of India (BAI). He has been selected for the award for his contributions to Badminton.

ii. The award carries a cash prize of 10 lakh rupees with a citation which will be presented to him in New Delhi.

Important Takeaways from Above News-

• Mr. Himantha Biswa Sarma is the President of Badminton Association of India.
• Mr. Padukon was bestowed with the Arjuna award in 1972 and the Padma Shri in 1982.
• He also won a gold medal at the 1978 Commonwealth Games.

7. Tahir Mahmood Awarded N R Madhava Menon Best Law Teacher Award

i. Eminent jurist Tahir Mahmood was awarded the prestigious N R Madhava Menon Best Law Teacher Award 2017 for his distinguished services to legal education and the legal profession on the occasion of Law Teachers' Day celebrations.

ii. The function was organized by the Society of Indian Law Firms (SILF) and Menon Institute of Legal Advocacy Training (MILAT).

Important Takeaways from Above News-

• SAARC stands for South Asian Association for Regional Cooperation.
• The awards are bestowed every year to honor the most deserved law teachers and institutions in India and across the SAARC region.

8. Mother Dairy, Maharashtra Government Tie up For Processing Plant

i. The Maharashtra Government and Mother Dairy Fruit and Vegetable Pvt. Ltd, a subsidiary of National Dairy Development Board (NDDB) have signed a lease agreement to set up a state-of-the-art milk and milk products processing plant.

ii. As per the MoU, a dairy development initiative will begin in Vidarbha and Marathwada regions to provide access to milk producers to markets in Nagpur and Mumbai.

Important Takeaways from Above News-

• Devendra Fadnavis is the Present CM of Maharashtra.
• C V Rao is the Present Governor of Maharashtra.

9. Infosys Completes Brilliant Basics Acquisition

i. India's second largest software services firm Infosys has completed the acquisition of London-based Brilliant Basics. Through this acquisition, Infosys further expands its worldwide connected network of Digital Studios that are focused on fulfilling the needs of global clients for end-to- end digital transformation solutions.

ii. Infosys had acquired the company in a cash deal worth GBP 7.5 million, including earn-out and employee retention amounts.

Important Takeaways from Above News-

• Brilliant Basics was founded in 2012.
• Infosys has digital studios across Bengaluru, Pune, New York, London and Melbourne.

10. HDFC Bank Becomes 2nd Most Valuable Company on BSE

i. HDFC Bank surpassed Tata Consultancy Services (TCS) to become the country’s second most valued firm in terms of market valuation. 

ii. Shares of HDFC Bank gained 0.93 per cent to Rs. 1,840 (its 52-week high) on the BSE. Reliance Industries Ltd is the country’s most valued firm with a market cap of Rs. 5,33,818.72 crore followed by HDFC Bank and TCS in top three list.

Important Takeaways from Above News-

• Aditya Puri is the CEO of HDFC Bank.
• It headquarters in Mumbai, Maharashtra.

11. Force Motors Chief Abhay Firodia Takes Over as SIAM President

i. Force Motors Chairman Abhay Firodia has been elected as the new president of the automobile industry body Society of Indian Automobile Manufacturers (SIAM).

ii. Firodia headed SIAM in 1990-91 and 1991-92 as well. Mahindra & Mahindra's President-Automotive Sector Rajan Wadhera has been elected as the new vice-president of the organization.

Important Takeaways from Above News-

• SIAM is headquartered in New Delhi.

12. Sumit Nagal Wins ITF Futures Tournament

i. Sumit Nagal of India blasted Colin van Beem of the Netherlands 6-3, 6-0 in the singles final to justify the top billing in the 8th MCC – S R Subramaniam Memorial ITF Futures Men’s tennis championship in Chennai.

ii. He conceded only nine points while winning the next nine games in a row to win the match. Nagal received USD 2,160 and 18 ITF points for the victory while van Beem received USD.1272 AND 12 ITF points.

13. BWF World Senior Badminton Championships- First Time in India

i. The coastal city of Kochi is hosting the BWF World Senior Badminton Championships. The championship is been held in India for the first time. The week-long tournament will see a total of 665 players from 40 countries battle it out.

ii. A total of 175 players will represent India including Olympians - Abhinn Shyam Gupta, Nikhil Kanetkar, and V Diju.

Important Takeaways from Above News-

• The BWF World Senior Championships are held every two years.
• BWF World Senior Badminton Championships 2015 was held in Helsingborg, Sweden.

14. Airtel Launches 'Office-in-a-Box' Connectivity Solutions

i. Airtel has launched 'Office-In-a-Box' for start-ups registered under the Karnataka government’s Start-Up Cell initiative.

ii. Airtel has been selected as the preferred partner for the state government’s initiative. The Office-in-a-Box suite will be available to the over 100 start-ups registered with the Start-Up Cell and will add to their business efficiency.

Important Takeaways from Above News-

• Vajubhai Vala is the Present Governor of Karnataka.

15. J&K Bank cuts interest rate on savings account to 3.5%

i. Public sector lender Jammu and Kashmir Bank (J&K Bank) has lowered the interest rate on its savings bank accounts by 0.50 per cent to 3.50 per cent with immediate effect.

ii. The interest rate cut primarily began with industry leader SBI slashing it 0.50 per cent to 3.50 pr cent for deposits up to Rs. 1 crore.

16. Retail Inflation in August Shoots Up by 3.36%

i. The Consumer Price Index (CPI) or retail inflation rose 3.36 per cent in August from a year earlier, government data showed. The current rate of inflation is the highest in five months.

ii. The rate, however, is still below the Reserve Bank of India's (RBI) medium-term target of 4 per cent. In another set of data, the IIP or Index of Industrial Production for the month of July went up by 1.2 per cent.
iii. The cumulative growth in IIP for the period April-July 2017 over the corresponding period of the previous year stands at 1.7 per cent.

Important Takeaways from Above News-

• Arun Jaitley is the current Finance Minister of India.

UPSC Advt No 17/ 2017

UPSC Advt No 17/ 2017 – Apply Online for Jr Scientific Officer & Asst Advisor Posts: Union Public Service Commission (UPSC) has advertised a notification for the recruitment of Junior Scientific Officer, Junior Scientific Officer (Chemistry, Physics) & Assistant Adviser (Public Health Engineering) vacancies in various disciplines. Eligible candidates can apply online on or before 28-09-2017 by 23.59 hrs & send print out of online application on or before 29-09-2017 by 23.59 hrs. Other details like age limit, educational qualification, selection process, application fee & how to apply are given below…

UPSC Advt No 17/ 2017 Vacancy Details:
Total No.of Posts: 07
Name of the Posts:
1. Junior Scientific Officer: 02 Posts
2. Junior Scientific Officer (Chemistry): 02 Posts
3. Junior Scientific Officer (Physics): 01 Post
4. Assistant Adviser (Public Health Engineering): 02 Posts

Age Limit: Candidates age should be 30 years for S.No-1 to 3, 40 years for S.No-4 as on the closing date for receipt of applications. Age relaxation 5 years is applicable to SC/ ST, 3 years for OBC & for other refer notification.

Educational Qualification: Candidates should possess M.Sc. in Microbiology Or M.Sc. in Botany with specialization in Plant Pathology or Microbiology or Mycology Or M.Sc. in Agriculture with specialization in Soil Science or Agricultural Chemistry or Agronomy or Microbiology or Plant Pathology or Horticulture or Agricultural Extension from a recognized university or institute for S.No-1, Master’s Degree in Chemistry/ Biochemistry / Forensic Science with Chemistry as one of the subjects at Bachelor of Science level from a recognized University or equivalent for S.No-2. Master’s Degree in Physics/ Biophysics/ Forensic Science with Physics as one of the subjects at Bachelor of Science level from a recognized University or equivalent for S.No-3, Degree in Civil Engineering or Environmental Engineering or Public Health Engineering from a recognized University or Institute or passed A and B examination of the Institution of Engineers (India) in Civil Engineering, PG in Public Health Engineering or Environmental Engineering from a recognized University or Institute for S.No-4 Posts with adequate experience.

Selection Process: Candidates will be selected based on interview or Recruitment Test followed by interview.

Application Fee: Applicants required to pay of Rs. 25/- (Rupees Twenty five) only either by remitting the money in any branch of the SBI by cash or by using net banking facility of the SBI or by using visa/master credit/ debit card. No fee for SC/ ST/ PH/Women candidates of any community. No “fee exemption” is available to OBC male candidates and they are required to pay the full prescribed fee.

How to Apply: Eligible candidates can apply online through the website www.upsconline.nic.in on or before 28-09-2017 by 23.59 hrs & take a print out of online application on or before 29-09-2017 by 23.59 hrs.

Instructions for Applying Online:
1. Before applying online candidates have to scan photograph & signature.
2. Log on to the website www.upsconline.nic.in
3. Click on the link “ONLINE RECRUITMENT APPLICATION (ORA) FOR VARIOUS RECRUITMENT POSTS”.
4. Select the Advertisement No . 17/2017 & Choose the appropriate Post.
5. If you are already registered & Enter login details directly.
6. Else click on New Registration and get registered and the login.
7. Enter Registration Id, Password & Confirm Random Image, Click on Submit button.
8. Fill all the mandatory fields like name, gender, etc and click on “Continue”.
9. Make payment as mentioned in application fee and enter payment details.
10. Click on Submit button.
11. After submission of Online Application & take a print out of finally submitted application and retain it for future use.

Important Dates:
Last Date for Online Application: 28-09-2017 by 23.59 hrs.
Last Date to take printout of Application: 29-09-2017 by 23.59 hrs.

For more details like experience, qualification, duties, pay scale, headquarters & other information click on the link given below….

UPSC Advt No 17/ 2017	More Information
Recruitment Advt	Get Details
Instructions	Get Details
Prescribed Performa for Documents/ Certificates	Get Details
Frequently Asked Questions	Get Details
Apply Online	Click here

Assam Co-operative Apex Bank Recruitment 2017

Assam Co-operative Apex Bank Recruitment 2017 – 55 Probationary Officer & Asst cum Asst Cashier Posts:

               Assam Co-operative Apex Bank has advertised a notification for the recruitment of 55 Probationary Officer & Assistant cum Assistant Cashier vacancies on contractual basis. Eligible candidates can apply in prescribed application format on or before 28-09-2017 by 5.00 P.M. Other details like age limit, educational qualification, selection process, application fee & how to apply are given below…

Assam Co-operative Apex Bank Vacancy Details:
Total No.of Posts: 55
Name of the Posts:
1. Probationary Officer: 20 Posts
2. Assistant cum Assistant Cashier: 35 Posts

Age Limit: Candidates age limit should be Minimum 23 years and Maximum 28 years for S.No-1, Minimum 21 years and Maximum 26 years for S.No-2 Posts as on 01-09-2017.

Educational Qualification: Candidates should Possess Post Graduation in any discipline or equivalent degree in MBA, CA, Engineering, MCA, Agriculture etc. and knowledge of computer for S.No-1, Graduation in any discipline. Preference will be given to the candidates with MBA Degree or equivalent having good knowledge of computer for S.No-2 Posts with adequate experience.

Selection Process: Candidates will be selected based on applicants performance in Written Test/ Interview.

Application Fee: Applicants required to pay of Rs. 300/- (Rupees three hundred) only for both the Posts in the form of Demand Draft or Pay order in favour of “ The Assam Co-operative Apex Bank Ltd.” payable at Guwahati must be furnished along with the Application form.

How to Apply: Eligible candidates can send their application in prescribed format to be filled up in capital letters and duly signed by the Applicant, 2(two) copies of recent passport size photograph should be pasted on the application with signature, self attested copies of educational qualifications from H.S.L.C. onwards both pass certificate & marksheets, experience certificate, Age certificate and other qualifications etc., by Registered/ Speed Post/ Hand Delivery only in a sealed envelop superscribed with “Post applied for (Name of the Post)” to the The Managing Director, The Assam Co-operative Apex Bank Ltd, H.O., Panbazar, H.B. Road, Guwahati-781001, Kamrup (M), Assam on or before 28-09-2017 by 5.00 P.M.

Last Date for Receipt of Application: 28-09-2017 by 5.00 P.M.

For more details like emoluments, syllabus, pay band & other information click on the link given below….

Click here for Recruitment Advt

Click here for Application Form

Daily GK Update 10th and 11th September 2017

Daily GK Update 10th and 11th September 2017

1. Venkaiah Naidu Laid Foundation of Country’s First ‘Green-Field’ Smart City

i. Vice President M Venkaiah Naidu laid the foundation stone for Ranchi Smart City coming up on the Heavy Engineering Corporation (HEC) land. According to the Urban Development Minister CP Singh, this would be the country’s first ‘green-field’ smart city.

ii. The smart city is coming up on 656 acres of HEC land which would be fully wi-fi, carbon free, garbage free locality with modernized housing, traffic management system and education hub.

Important Takeaways from Above News-

• Shri Raghubar Das is the CM of Jharkhand.
• Smt Droupadi Murmu is the Present Governor of Jharkhand.

2. Prince Charles Becomes Longest-Serving Prince of Wales

i. Prince Charles, the heir to Britain’s throne, became the longest-serving Prince of Wales in history. The 68-year-old broke the record of Queen Victoria’s oldest son Albert, who went on to become King Edward VII after holding the title of Prince of Wales for more than 59 years before becoming monarch.

ii. Prince Charles is the 21st Prince of Wales in the current line. Prince Charles was created Prince of Wales when he was nine years old on July 26, 1958. He has now held the title for more than 59 years.

Important Takeaways from Above News-

• The Prince of Wales is historically the title bestowed.
• In 1301 Edward of Caernarfon, the future Edward II was invested as Prince of Wales - this was the first time the eldest son of the King of England had been bestowed the title.

3. IndusInd Bank and Bharat Financial Inclusion Sign Exclusivity Agreement for Merger

i. Private sector lender IndusInd Bank and India's second largest Microfinance company Bharat Financial Inclusion have signed a confidentiality agreement for the proposed merger between them.

ii. The Hinduja Group controlled bank has informed the exchanges about an ‘exclusivity agreement’ with the micro lender to explore merger or expansion plans. The deal between the two companies may formalise after due diligence, definitive documentation and their shareholders, regulatory, NCLT and other third-party approvals, as applicable.

Important Takeaways from Above News-

• R. Seshasayee is the present Chairman of IndusInd Bank.
• It Headquarters in Mumbai.

4. PNB, BSNL Join Hands for Mobile Wallet Speedpay Rollout

i. Punjab National Bank and state-run firm BSNL teamed up to roll out open mobile wallet Speedpay across 10 states in the country. PNB Speedway wallet will operate like any other mobile wallet for paying bills, recharging phone besides its users will be able to deposit and withdraw money from authorized retail outlets.

ii. Under the agreement, BSNL will expand Speedpay services in Punjab, Chandigarh(UT), Haryana, Jammu and Kashmir, Himachal Pradesh, Uttar Pradesh, Bihar, West Bengal, Jharkhand, and Uttarakhand.

Important Takeaways from Above News-

• Sunil Mehta is the MD & CEO of Punjab National Bank.
• PNB is headquartered in New Delhi.
• Chairman & Managing Director of BSNL is Shri Anupam Shrivastava.

5. Second Indian Workers’ Resource Centre Inaugurated in UAE

i. Indian Ambassador in UAE Navdeep Singh Suri inaugurated the second Indian Workers’ Resource Centre (IWRC) in UAE to provide support and counseling to Indians in distress.

ii. IWRC provides counseling and support to the overseas Indian Community on legal, personal and financial matters, free of cost. IWRC will provide support and guidance to any member of the Indian community in any such distress situation.

Important Takeaways from Above News-

• The first IWRC was opened in Dubai in 2010.
• Khalifa bin Zayed bin Sultan Al Nahyan is the President of the United Arab Emirates (UAE).

6. Defence Minister Flags off Women’s Circumnavigation Expedition

i. Defence Minister Nirmala Sitharaman flagged off the Navika Sagar Parikrama by an all-women crew of Indian Navy aboard Indian Naval Sailing Vessel (INSV) Tarini from INS Mandovi jetty in Goa.

ii. Navika Sagar Parikrama is the first attempt by an Indian all-women crew to circumnavigate the globe. The expedition will cover Australia, New Zealand, Falklands and South Africa. It is expected to be completed in around 160 days. INSV Tarini is skippered by Lieutenant Commander Vartika Joshi.

Important Takeaways from Above News-

• Admiral Sunil Lanba is the present CNS of Indian Navy.

7. DRDO Carries Out Successful Tests of Nag Missile

i. India's indigenously developed third generation anti-tank guided missile (ATGM) Nag has been successfully flight tested by Defence Research and Development Organisation (DRDO) in deserts of Rajasthan, marking the completion of development trials.

ii. According to the defence ministry, Nag has been successfully flight tested twice by the DRDO against two different targets in Rajasthan. The missile can hit a target up to seven km.

Important Takeaways from Above News-

• S Christopher is the chairman of DRDO.
• DRDO Headquarters in New Delhi.

8. Shaheen VI: China-Pakistan Air Forces Joint Exercise

i. The air forces of China and Pakistan began a joint training exercise named "Shaheen VI" and deployed their latest fighter jets and AWACS aircraft. China has dispatched J-11 fighters, JH-7 fighter-bombers, KJ-200 AWACS aircraft and ground forces including surface-to-air missile and radar troops.

ii. The exercise will run in China. AWACS is Airborne Warning And Control System, a mobile, long-range radar surveillance and control centre for air defence. 

Important Takeaways from above News-

• The "Shaheen" joint training between the two militaries which maintain close relations was launched in March 2011.

9. SEBI Advisory Committee To Discuss Trading Hours Extension

i. An advisory committee of the Securities and Exchange Board of India is likely to discuss a proposal for extending stock market trading hours.

ii. The stock market in India currently opens at 9 a.m. and closes at 3.30 p.m., but there is a view, including among stock exchanges, that the trade hours could be extended till up to 7.30 p.m. to better align domestic trading with global markets. The 19-member committee is led by Jayanth R Varma, professor, Indian Institute of Management, Ahmedabad. 

Important Takeaways from Above News-

• Ajay Tyagi is the Present Chairman of SEBI.

10. US Open Tennis Tournament 2017: Complete List of Winners

i. The 2017 US Open was the fourth and final Grand Slam event of the year. It was held on outdoor hard courts at the USTA Billie Jean King National Tennis Center in New York City, USA. The tournament is an event run by the International Tennis Federation (ITF).
ii. Rafael Nadal was the winner of Men's Singles. With this win, Nadal captured his third US Open title and his 16th Grand Slam title overall. Sloane Stephens was the winner of Women's Singles. The 83rd-ranked Stephens is only the second unseeded woman to win the tournament in the Open era.

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11. India Finishes 5th at Moscow Shotgun World Championships

i. India has finished fifth in the medals tally with one gold and two silver medals at the Moscow Shotgun World Championships. Only 16 of the 76 participating nations got amongst the medals and Italy topped the tally with nine gold medals for a total of 17 medals in all.

ii. Both their Olympic skeet champions Gabrielle Rossetti and Diana Bacosi were also crowned world champions in the process. The USA stood second with five gold medals for a total of 12. Hosts Russia were third in the overall tally with two golds for a total of eight.

Important Takeaways from Above News-

• The Capital of Russia is Moscow.

12. India Win 2nd SABA U-16 Championship

i. India has won 2nd South Asian Basketball, SABA, Under - 16 Championship. India defeated Bhutan by 131-50 in its last league match at Kathmandu in Nepal. India remained unbeaten in its all four matches and accumulated 8 points. 

ii. Bangladesh finished second and host Nepal third. The championship was played in a round robin league format. India has now qualified for 2017 International Basketball Federation, FIBA.

13.  US Open: Sloane Stephens wins Women's Singles Title

i. Unseeded American Sloane Stephens lifted the US Open women's singles title. Sloane ranked 83rd completed a spectacular return from injury to beat 15th seed Keys 6-3, 6-0 in the finals. 

ii. The 24-year-old was ranked as low as 957th six weeks ago went on to become only the fifth unseeded woman to win a major title in the Open era. Sloane stunned Venus Williams in the semifinal.

14. SIM Cards not Linked to Aadhaar to be Deactivated after February 2018

i. The government is moving ahead with linking Aadhaar with mobile SIM cards and all unlinked phones will be deactivated after February 2018. 

ii. Aadhaar mobile linkage is being done as per the orders of Supreme Court passed in February 2017 in Lokniti foundation case and all SIM cards have to be verified with Aadhaar within a year from the date of judgement, with all unlinked phones to be deactivated after February next year.