Monday, 6 February 2017

Quiz-6

Quiz-6


Q1. Recently Railway Minister Suresh Prabhu has laid the foundation of Nadikudi-Srikalahasti railway project and initiated several other development works in __________.
Answer: Andhra Pradesh

Q2. The soon to be released book titled “Khullam Khulla” is the autobiography of-
Answer: Rishi Kapoor

Q3. Name the app, which has launched by PM Narendra Modi to facilitate digital cash transactions with only a thumb print after the bank account is linked with Aadhaar gateway.
Answer: BHIM

Q4. India and which country has signed the 3rd protocol for amending Double Taxation Avoidance Agreement (DTAA) recently?
Answer: Singapore

Q5. Samajwadi Party chief Mulayam Singh Yadav has expelled his son and Chief Minister Akhilesh Yadav for six years for alleged anti-party activities, putting the state ruling party on the brink of a split ahead of assembly elections next year. Akhilesh Yadav is present Chief Minister of which state?
Answer: Uttar Pradesh

Q6. Who has took charge as the UN Secretary General, making a strong appeal to the international community to strive for peace in 2017 at a time when millions of people are caught up in conflict and threat of global terrorism affects all?
Answer: Antonio Guterres

Q7. Days after its launch, government's online payments app BHIM has become the most popular Android app in the country. BHIM stands for?
Answer: Bharat Interface for Money

Q8.  India's star singles player __________________ has announced his retirement from professional tennis, bringing an abrupt end to what was once a promising career recently.
Answer: Somdev Devvarman

Q9. The NRI citizens of India, who were abroad from November 09th to December 30th 2016, can exchange their defunct notes up to
Answer: June 30th, 2017

Q10. What additional fund has been given by the govt recently to NABARD to give loans to farmers?
Answer: Rs 20,000 crore

Q11. Which country has become the first country in the world to pay a basic income to randomly picked citizens on a national level?
Answer: Finland

Q12. Name the State, which has banned the use of Purse Seine Nets for Fishing recently?
Answer: Maharashtra

Q13. Name the Karnataka Minister for cooperation and Sugar, who has been passed away recently due to cardiac arrest?
Answer: H S Mahadeva Prasad

Q14. Table tennis Olympic champion Li Xiaoxia has announced her retirement recently. She is belongs to which country?
Answer: China

Q15. Who has been appointed as the Chairman of the Union Public Service Commission (UPSC)?
Answer: David R Syiemlieh

SBI Online – 2313 PO Posts

SBI Online – 2313 PO Posts


SBI Online – 2313 PO Posts: State Bank of India (SBI) has invited applications for the recruitment of 2313 Probationary Officer (PO) vacancies. Eligible candidates can apply online from 07-02-2017 to 06-03-2017. Other details like age limit, educational qualification, selection process & how to apply are given below…
SBI Vacancy Details: 
Total No. of Posts: 2313
Name of the Post: Probationary Officer
1. SC: 347 Posts
2. ST: 350 Posts
3. OBC: 606 Posts
4. GEN: 1010 Posts
Age Limit: Candidates age should be 21 – 30 years (must have been born not earlier than 02-04-1987 and not later than 01-04-1996) as on 01-04-2017. Upper age relaxation is applicable by 3 years for OBC, 10 years for PWD, 5 years for SC/ ST/ Ex-Servicemen & Others candidates as per rules.
Educational Qualification: Candidates should possess Graduation in any discipline from a recognised University or any equivalent qualification recognised as such by the Central Government.
Selection Process: Selection will be based on Preliminary Examination, Main Examination, Group Exercises, Interview.
Application Fee: Candidates should pay Rs.600/- for General and Others, Rs. 100/- for SC/ ST/ PWD candidates through online by using Internet Banking, Debit Cards (RuPay/ Visa/ Master Card/ Maestro), Credit Cards, IMPS, Cash Cards/ Mobile Wallets.
How to Apply: Eligible candidates may apply online through the website “www.sbi.com” from 07-02-2017 to 06-03-2017.
Instructions to Apply Online:
1. Before applying to Online Applicants have valid email & Scanned copies of photo, signature.
2. Candidates should log on to the website www.sbi.co.in.
3. Go to Careers — > Click on “Latest Announcement”.
4. Choose the desired post & Click on “Apply Online”.
5. Click on “Click here for New Registration”, if you are new user.
6. Complete the Registration & Click on “Submit”.
7. After Registration, Log in with Registered Number & Password.
8. Fill the all details in the application & upload Photo, Signature.
9. Application fee should be paid through Online & then Submit the Form.
8. Take printout of online application for future use.
Important Dates:
Start Date for Online Registration Including Edit/Modification of Applications07-02-2017
Last Date for Online Registration Including Edit/Modification of Applications06-03-2017
Date for Payment of Application Fees/ Intimation Charges07-02-2017 to 06-03-2017
Date for Download of Call Letters for Online Preliminary Examination15-04-2017 onwards
Date for Online Examination – Preliminary29th & 30th Apr and 6th & 7th May’17
Date for Result of Online Exam – Preliminary17-05-2017
Date for Download of Call Letter for Online Main Exam22-05-2017 onwards
Date for Conduct of Online Examination – Main04-06-2017
Date for Declaration of Result – Main19-06-2017
Date for Download Call Letter for Interview26-06-2017
Date for Conduct of Group Exercises & Interview10-07-2017 onwards
Date for Declaration of Final Result 05-08-2017
Pre-Examination Training for SC/ST/Religious Minority Community Candidates
Date of Download of Call Letters for Pre-Exam Training07-04-2017 onwards
Date of Conduct of Pre-Exam Training17-04-2017 to 22-04-2017
For more details like exam syllabus, age relaxation, exam pattern & other information click on the link given below….
SBI OnlineMore Information
Notification DetailsGet Details
Apply OnlineGet Details
How to ApplyGet Details
FAQGet Details
Eligibility DetailsGet Details
Selection ProcessGet Details
Exam PatternGet Details
Exam SyllabusGet Details


Read more: SBI Online Apply for 2317 PO, Sr Manager, Dean & Other Postshttp://ibps.sifyitest.com/sbiposjan17/

Daily GK Update 06th February, 2017

Daily GK Update 06th February, 2017


Health Ministry launches Measles Rubella vaccination campaign
i. Health Ministry launched Measles Rubella vaccination campaign in the country at a function in Bengaluru.
ii. The campaign against these two diseases Measles and Rubella will start from Karnataka, Tamil Nadu, Puducherry, Goa and Lakshadweep, covering nearly 3.6 crore children.
iii. Minister of State for Health and Family Welfare, Faggan Singh Kulaste launched this initiative at a function in Bengaluru, Speaking on the occasion, Mr Kulaste stated that the centre is committed to eradicating Measles and Rubella from the country. 

Vijay Goel lays foundation stone of 1st centre of excellence for differently abled sportsmen
i. The Union Minister for Sports Vijay Goel laid the foundation stone of the country's first centre of excellence for differently abled sportsmen at Gandhinagar, Gujarat.
ii. The centre is proposed with an estimate of 50 crores rupees and will provide World class facilities such as indoor halls, dedicated tracks and 100 bedded hostel where para athletes will be trained for various internationalcompetitions including Paralympics.
iii. The Minister also inaugurated a sports training centre at Sports Authority of India campus in Gandhinagar. Around 50 differently abled sportspersons between age group 8-12 will be imparted training in Athletics, Swimming and power lifting at the training centre.

Sasikala Natarajan to take over as Tamil Nadu's next CM
i.AIADMK chief Sasikala Natarajan will take over as the next Chief Minister of Tamil Nadu from O Panneerselvam, the party announced. 
ii. The AIADMK MLAs also elected Sasikala Natarajan as the Legislative party leader. Notably, the party said in a tweet that current Chief Minister Panneerselvam had himself proposed Sasikala's name as the leader of AIADMK Legislature Party.

Nagaland cabinet to submit memorandum to PM to exempt it from Part IX A of Constitution
i. Nagaland cabinet has decided to submit a memorandum to the Prime Minister to issue an ordinance to exempt the state from the provision of Part IX A of the Constitution which deals with the municipalities. 
ii. According to a communique issued by the media cell of Chief Minister's Office, the decision was taken in an emergency meeting of the state Cabinet, was attended by special invitees comprising legislators from all tribes. 

Sarbananda Sonowal launches CMSGUY in Guwahati
i. In a move to bring about paradigm shift towards holistic development of villages, Assam Chief Minister Sarbananda Sonowal launched the Chief Minister Samagra Gramya Unnayan Yojana, CMSGUY in Guwahati this evening. 
ii. This scheme is a mega mission with a financial outlay of 30,000 crore rupees and it will be implemented in all the villages of the state. It will culminate in 2021-22. 

Corp Bank pact with Religare
i. Corporation Bank has signed an agreement with Religare Health Insurance Co Ltd to market its products and services through the distribution network of the bank across India. A press release said that Corporation Bank holds around 5 per cent stake in Religare Health Insurance. 
ii. The Executive Directors of the bank Sunil Mehta and Gopal Murli Bhagat, and Managing Director & CEO of Religare Health Anuj Gulati were present at an event to sign the agreement in Mangaluru

Telangana launches India's first social innovation hub in Nizamabad
i. The Telangana government has launched India's first social innovation centre The ‘Kakatiya Hub For Social Innovation’ in Nizamabad, Telangana.
ii. Telangana IT Secretary Jayesh Ranjan made this announcement at the one-day Development Dialogue, an international social entrepreneurship ecosystem conference hosted by Kakatiya Sandbox.
iii. Jayesh Ranjan said the ‘Kakatiya Hub For Social Innovation’ funded by the Telangana government and implemented through Kakatiya Sandbox will function like a rural incubator to encourage entrepreneurship at the grassroots level.

2% reservation to sports persons in govt jobs: CM Raghubar Das
i. Jharkhand Chief Minister Raghubar Das stated that state will give two per cent reservation to sports persons in government jobs and nutritious food to them. 
ii. He said efforts were also being taken to give nutritious food to the sports persons, an official release in Ranchi.

Bureau of Civil Aviation Security suspends IndiGo's security training centre licence
i. Bureau of Civil Aviation Security, BCAS has suspended the licence of budget carrier IndiGo's aviation security training facility.
ii. The regulatory authority took the decision after several lapses were detected in the examination procedure that it was following. PTI quoting sources stated, the orders issued by the apex aviation security agency BCAS the Gurgaon-based airline from conducting security training programme for its employees any further.
iii. The training academy is run by IndiGo's parent company, InterGlobe Aviation. 

Uber launches taxi hiring service UberHIRE
i. Global taxi-hailing platform Uber announced it has launched a new category UberHIRE that allows customers to hire a taxi for the day, to cover several destinations, and is targetting senior citizens, business travellers and tourists.
ii. Currently, UberHIRE works only on cash payments.After a pilot run in Kochi,UberHIRE will go live in New Delhi, Bangalore, Chennai, Mumbai, Pune, Ahmedabad, Vizag and Nagpur, with more cities slated for launch in the weeks to come, it added.

CESC wins Bikaner power distribution franchise
i. CESC Ltd, a part of the Rs. 19,000-crore RP-Sanjiv Goenka Group, has received a letter of intent for appointment as a power distribution franchisee to supply electricity in Bikaner, Rajasthan.
ii. This is the group’s third distribution operation in Rajasthan, the other two being in Kota and Bharatpur

World’s longest flight lands in New Zealand
i. The world’s longest commercial flight landed in New Zealand on 6 February 2017 with the arrival of Qatar Airways’s 14,535km (9,032-mile) Doha-Auckland service.
ii. The long-range Boeing 777-200LR crossed 10 time zones on its marathon flight. 
iii. There were four pilots on board as well as 15 cabin crew who served 1,100 cups of tea and coffee, 2,000 cold drinks and 1,036 meals during the flight.

Renowned Urdu author Bano Qudsia passes away
Renowned Pakistani Urdu novelist and playwright Bano Qudsia has passed away here. She was 88. She was awarded Sitara-i-Imtiaz in 2003 and Hilal-i-Imtiaz in 2010. 



India to host FIBA Women's Asia Cup basketball tournament
i. India to host FIBA Women's Asia Cup basketball tournament at Bengaluru in July, 2017. Basketball Federation of India (BFI) President KGovindaraj stated that continental flagship tournament for women will be hled from July 23 to 29, 2017.
ii. India has also been given another continental level tournament-the FIBA U-16 Women's Asian Championship - which will be held from October 22 to 28, 2017 in Hyderabad.
iii. This will be the first time since 2009 that India will host a major FIBA (International Basketball Federation) event.

Virat Kohli features in latest cover star of Wisden Cricketers' Almanack
i. Indian skipper Virat Kohli, who led his side to victory against England in all three formats of the game recently, has featured in the latest cover star of the bible of cricket - Wisden Cricketers' Almanack. 
ii. Kohli becomes only the third Asian origin player after Tendulkar and England all-rounder Moeen Ali to be featured on the cover of the magazine.

Sunday, 5 February 2017

గ్రూప్‌-2 సర్వీసెస్‌ కోసం

                                          గ్రూప్‌-2 సర్వీసెస్‌ కోసం

 ‘పంచాయతీ’ పోస్టులకు 5,65,798
గ్రూప్‌-1కు 93,386 మంది..
26న గ్రూప్‌-2 స్ర్కీనింగ్‌: ఏపీపీఎస్సీ
 గ్రూప్‌-2 సర్వీసెస్‌ (నోటిఫికేషన్‌ నం.18/2016) ఉద్యోగాల కోసం మొత్తం 6,57,010 అప్లికేషన్లు ఏపీపీఎస్సీకి అందాయి. విశాఖపట్నం జిల్లా నుంచి అత్యధికంగా 74,536 మంది, ఆ తర్వాత తూర్పుగోదావరి జిల్లా నుంచి 64,107 మంది, కర్నూలు జిల్లా నుంచి 56,188 మంది, హైదరాబాద్‌ నుంచి 53,063 మంది దరఖాస్తు చేసుకున్నారు. గ్రూప్‌-2 సర్వీసెస్‌కు ఈ నెల 26న ప్రిలిమినరీ పరీక్ష (స్ర్కీనింగ్‌ టెస్ట్‌) నిర్వహిస్తున్నట్లు కమిషన్‌ తెలిపింది. పంచాయతీ కార్యదర్శి (నోటిఫికేషన్‌ నం.29/2016) ఉద్యోగాల కోసం 5,65,798 మంది అభ్యర్థులు దరఖాస్తు చేసుకున్నారు. ఇక గ్రూప్‌-1 సర్వీసెస్‌ ఉద్యోగాల కోసం 93,386 దరఖాస్తులు వచ్చాయి. అలాగే హాస్టల్‌ వెల్ఫేర్‌ అధికారి ఉద్యోగాల కోసం 47,811 మంది, అసిస్టెంట్‌ బీసీ వెల్ఫేర్‌ ఆఫీసర్స్‌ ఉద్యోగాలకు 38,841 మంది, అసిస్టెంట్‌ స్టాటిస్టికల్‌ అధికారి (నోటిఫికేషన్‌ నం.27/2016) ఉద్యోగాలకు 32,239 మంది దరఖాస్తు చేసుకున్నారు. ఏ నోటిఫికేషన్‌కు అయినా సరే 25 వేలకు పైబడి దరఖాస్తులు అందితే స్ర్కీనింగ్‌ టెస్ట్‌ నిర్వహిస్తామని ఏపీపీఎస్సీ కార్యదర్శి వై.వి.ఎస్.టి.శాయి తెలిపారు.
ఇతర నోటిఫికేషన్లకు అందిన దరఖాస్తులు ఇలా
టెక్నికల్‌ అసిస్టెంట్‌ ఉద్యోగాలకు(నోటిఫికేషన్‌ నం. 19/2016) 1541, టెక్నికల్‌ అసిస్టెంట్‌ (20/2016)కు 233, ఫిషరీస్‌ అభివృద్ధి అధికారి (21/2016) ఉద్యోగాలకు 107, సివిల్‌ అసిస్టెంట్‌ సర్జన్స్‌ (22/2016)కు 1279, ఇన్‌స్పెక్టర్‌ ఆఫ్‌ ఫాక్టరీస్‌ (23/2016)కు 1757, అసిస్టెంట్‌ ఆర్కిటెక్చరల్‌ డ్రాఫ్ట్స్‌మెన్‌ అండ్‌ సర్వేయర్స్‌ (24/2016)కు 22,963, క్లినికల్‌ సైకాలజిస్ట్‌కు 71, ప్రభుత్వ డిగ్రీ కాలేజ్‌ లెక్చరర్స్‌కు 16,899 మంది, అసిస్టెంట్‌ కెమిస్ట్ కు 1247, టౌన్‌ప్లానింగ్‌ అసిస్టెంట్‌ 1564, అగ్రికల్చర్‌ అధికారి ఉద్యోగాలకు 2144, రాయల్టీ ఇన్‌స్పెక్టర్‌కు 362 దరఖాస్తులు అందాయి.
నం.19 నుంచి 24 నోటిఫికేషన్‌కు పరీక్షా కేంద్రాల రీఆప్షన్‌
నోటిఫికేషన్‌ నం.19 నుంచి 24 వరకు ఉన్న ఉద్యోగాలకు దరఖాస్తు చేసుకున్న అభ్యర్థులు రాష్ట్రంలోని 13 జిల్లాల్లో ఎక్కడైనా పరీక్షా కేంద్రాలను ఎంచుకునేందుకు ‘రీ ఆప్షన్‌’కు అవకాశం ఇచ్చినట్లు ఏపీపీఎస్సీ కార్యదర్శి శాయి తెలిపారు. గతంలో విజయవాడ, గుంటూరులో మాత్రమే సెంటర్లు ఇవ్వగా, అభ్యర్థుల వెసులుబాటు కోసం అన్ని జిల్లాల్లో కేంద్రాలను ఏర్పాటు చేసినట్లు చెప్పారు. ఆదివారం నుంచి ఈ నెల 10 వరకు సెంటర్ల రీ ఆప్షన్‌కు అవకాశం ఉందని తెలిపారు. ఆయా నోటిపికేషన్‌ పోస్టులకు మార్చిలో రాత పరీక్షలు జరుగుతాయని ఆయన పేర్కొన్నారు.

Quiz-5

Quiz-5


Q1. Which among the following private sector lender has partnered with Bangaluru- based fin-tech startup firm Fisdom for launching a mobile application Mission FINFIT?
(a) Bandhan Bank
(b) Lakshmi Vilas Bank
(c) RBL Bank
(d) South Indian Bank
(e) Kotak Mahindra Bank

Q2. As per the report of the rating agency, ICRA, the bank credit growth rate is likely to float between 5-6% in the current fiscal year (2017). ICRA was set up in-
(a) 1999
(b) 1988
(c) 1955
(d) 1982
(e) 1991

Q3. Name the person, who has been elected as the head of African Union (AU) Commission?
(a) Antonio Tajani
(b) Nkosazana Dlamini-Zuma 
(c) Moussa Faki Mahamat
(d) Jimmy Adams
(e) None of the given options is true

Q4. The First ever National Entrepreneurship Awards 2016 was presented by the Union Home Minister Shri Rajnath Singh in-
(a) IIT-Kanpur
(b) IIT-Delhi
(c) IIT-Kharagpur
(d) IIT-Guwahati
(e) IIT-Roorkee

Q5. How much amount has been decided in Union Budget to allocate towards recapitalisation of public sector banks in FY2017-18?
(a) Rs. 20,000 crore 
(b) Rs. 49,000 crore 
(c) Rs. 38,000 crore 
(d) Rs. 10,000 crore
(e) Rs. 70,000 crore 

Q6. Finance Minister Arun Jaitley has proposed a creation of a six-member Payments Regulatory Board in the RBI, headed by RBI Governor ___________ as part of bringing about structural reforms in the payment eco-system.
(a) SS Mundra
(b) Raghuram Rajan
(c) Duvvuri Subbarao
(d) Urjit Patel
(e) Y Venugopal Reddy

Q7. National carrier Air India will receive how much amount as equity infusion in 2017-18 under the government’s ongoing financial assistance and the amount is slightly higher than the allocation for 2016-2017?
(a) Rs 1,800 crore
(b) Rs 5,000 crore
(c) Rs 2,700 crore
(d) Rs 300 crore
(e) None of the given options is true

Q8. A new scheme will be introduced by Govt of India to create infrastructure for exports, a move aimed at reducing transaction costs for traders named TIES. what is the full form of TIES?
(a) Transaction Infrastructure for Export Scheme 
(b) Trade Investment for Export Scheme 
(c) Trade Infrastructure for Export Scheme
(d) Trade Infrastructure for Export Service
(e) None of the given options is true

Q9. What is the theme state of the 31st edition of Surajkund International Crafts Mela 2017?
(a) Chhatisgarh
(b) Rajasthan
(c) Bihar
(d) Odisha
(e) Jharkhand

Q10. UK Prime Minister ____________ has received Parliament's first stage approval to begin the process of Britain's exit from the European Union (EU) after winning a crucial vote in the House of Commons.
(a) Justin Trudeau
(b) Theresa May
(c) Malcolm Turnbull
(d) Bill English
(e) Alexis Tsipras

Q11. To augment income of farmers budget has proposed setting-up of a Dairy Processing and Infrastructure Development Fund with a corpus of ___________ over three years.
(a) Rs 19,000 crores 
(b) Rs 20,000 crores 
(c) Rs 5,000 crores 
(d) Rs 10,000 crores 
(e) Rs 8,000 crores

Q12. Name the player, who has become the World No 1 Junior Badminton player?
(a) Pullela Gopichand
(b) PV Sindhu
(c) Srikanth Kidambi
(d) Lakshya Sen
(e) None of the given options is true

Q13. In which among the following Indian cities Tech giant Apple has set up a manufacturing plant recently?
(a) Mumbai, Maharashtra
(b) Ahmedabad, Gujarat
(c) Bengaluru, Karnataka 
(d) Hyderabad, Telangana
(e) Gurugram, Haryana

Q14. As a core element of its transformation journey 'FutuReady', Tata Motors presented its new Passenger Vehicle strategy and introduced its new sub-brand TAMO. TAMO will premiere at the upcoming _______ Geneva International Motor Show on March 07, 2017. 
(a) 71st
(b) 87th
(c) 62nd
(d) 53rd
(e) 105th

Q15. India is expected to clock GDP growth of how much percent in 2017—18 as the country gets sufficiently demonetized and the schemes in the Budget play a supportive role, says an HSBC report.
(a) 7.1 percent
(b) 7.0 percent
(c) 6.9 percent
(d) 6.7 percent
(e) 7.3 percent

                                                                                  
Solutions

S1. Ans.(b)
Sol. The private sector lender Lakshmi Vilas Bank in partnership with Bangalore based fin-tech startup firm Fisdom, has launched a mobile application Mission FINFIT to offer the customers of the bank financial planning and personal wealth management services based on Robo advisory. The mobile app would enable the customer of the bank to plan their finances in an effective manner using the online platform for wealth management thus encouraging them to invest smarter.

S2. Ans.(e)
Sol. As per the report of the rating agency, ICRA, the bank credit growth rate is likely to float between 5-6% in the current fiscal year (2017). The reason cited includes weak loan demand as the rate of return offered by debt market is better in comparison to banks.Besides, the deposit rate was also projected to drop to 12 percent from the current 14.7 percent this fiscal ending March 2017 due to better cash flow in the system and cut in the deposit rate by the banks. 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.

S3. Ans.(c)
Sol. Chadian foreign affairs minister Moussa Faki Mahamat has been elected as the head of African Union (AU) Commission. He will replace Nkosazana Dlamini-Zuma.

S4. Ans.(b)
Sol. The First ever National Entrepreneurship Awards 2016 was presented by the Union Home Minister Shri Rajnath Singh at Indian Institute of Technology, New Delhi. Shri Rajiv Pratap Rudy, Minister of State (I/C) for Skill Development and Entrepreneurship was the guest of honour on the occasion. The National Entrepreneurship Awards was instituted by the Ministry of Skill Development and Entrepreneurship (MoSDE) to recognize and honor the entrepreneurial spirit of India’s youth and encourage more and more young Indians to become entrepreneur.The awards were given in 11 different categories divided into two groups Award Track and Recognition Track.

S5. Ans.(d)
Sol. The Union Budget has allocated Rs. 10,000 crore towards recapitalisation of public sector banks in FY2017-18. Under Indradhanush roadmap announced in 2015, the government stated to infuse Rs. 70,000 crore in state banks over four years while they will have to raise a further Rs. 1.1 lakh crore from the markets to meet their capital requirement in line with global risk norms, known as Basel—III.

S6. Ans.(d)
Sol. Finance Minister Arun Jaitley has proposed a creation of a six-member Payments Regulatory Board in the RBI, headed by RBI Governor Urjit Patel as part of bringing about structural reforms in the payment eco-system. For the purpose, necessary amendments are proposed in the Finance Bill 2017 to create a Payments Regulatory Board in the Reserve Bank of India by replacing the existing Board for Regulation and Supervision of Payment and Settlement Systems.

S7. Ans.(a)
Sol. National carrier Air India will receive Rs 1,800 crore as equity infusion in 2017-18 under the government’s ongoing financial assistance and the amount is slightly higher than the allocation for 2016-2017. The allocation has been made in the Union Budget for 2017-18, which was presented by Finance Minister Arun Jaitley. For 2016-17, the government had allocated Rs 1,713 crore to the airline against a demand of Rs 3,911 crore. 

S8. Ans.(c)
Sol. A new scheme will be introduced by Govt of India to create infrastructure for exports, a move aimed at reducing transaction costs for traders. A new and restructured central scheme with a focus on export infrastructure namely Trade Infrastructure for Export Scheme (TIES) will be launched in 2017-18. 

S9. Ans.(e)
Sol. The 31st edition of Surajkund International Crafts Mela started with amid tight security. To be inaugurated by Haryana chief minister Manohar Lal Khattar, the carnival is a 15-day affair in Faridabad, Haryana. Over 20 countries are participating in the event with Egypt as a partner country this year, 2017 and Jharkhand as the theme state.

S10. Ans.(b)
Sol. UK Prime Minister Theresa May has received Parliament's first stage approval to begin the process of Britain's exit from the European Union (EU) after winning a crucial vote in the House of Commons. British MPs voted in favour of the European Union (Notification of Withdrawal) Bill. 498 MPs voted in favour of Brexit Bill, while 114 voted against it.

S11. Ans.(e)
Sol. To augment income of farmers budget has proposed setting-up of a Dairy Processing and Infrastructure Development Fund with a corpus of Rs 8,000 crores over three years. Dairy is an important source of additional income for the farmers. A Dairy Processing and Infrastructure Development Fund would be set-up in NABARD with a corpus of Rs 8,000 crores over 3 years stated Finance Minister Arun Jaitley during his budget speech, 2017. 

S12. Ans.(d)
Sol. India's Lakshya Sen has become the World No 1 Junior Badminton player. He achieved the distinction in the latest rankings of the Badminton World Federation (BWF). Fifteen-year-old is the first shuttler from Uttarakhand to attain the numero uno spot at the international level. 

S13. Ans.(c)
Sol. Tech giant Apple has reached an agreement with the Karnataka government to set up a manufacturing plant in Bengaluru, Karnataka. "Apple’s decision on initial manufacturing in Bengaluru has further enhanced the reputation of Bengaluru as the most preferred destination for foreign investment," the Karnataka government said. Apple is reportedly expected to start production for the Indian market in April.

S14. Ans.(b)
Sol. As a core element of its transformation journey 'FutuReady', Tata Motors presented on 02nd February 2017 its new Passenger Vehicle strategy and introduced its new sub-brand - TAMO. TAMO will act as an incubating centre of innovation towards new technologies, business models and partnerships in order to define future mobility solutions. The first product developed by TAMO will premiere at the upcoming 87th Geneva International Motor Show on March 07, 2017.

S15. Ans.(a)
Sol. India is expected to clock GDP growth of 7.1 percent in 2017—18 as the country gets sufficiently remonetized and the schemes in the Budget play a supportive role, says an HSBC report. The uptick in the growth numbers would be largely driven by the remonetisation process, which is expected by April-end, as this, in turn, would boost the consumption levels in the country. HSBC expect GDP to grow at 7.1 per cent year-on-year in 2017-18, up from 6.3 per cent in 2016-17, as the country gets sufficiently remonetised (by April-end), and consumption moves back to pre-demonetisation levels.

Daily GK Update 05th February, 2017


Daily GK Update 05th February, 2017


Govt forms panel to improve Haj policy, look into subsidy issue
i. The Centre has formed a six-member committee to give a report on ways to improve India's Haj policy and also look into the issue of subsidy to the pilgrimage in light of 2012 Supreme Court order on gradually reducing and abolishing it by 2022. 

ii. Former Consulate General of India (CGI), Jeddah, Afzal Amanullah has been appointed as convener of the high-level panel, Union Minister of State for Minority Affairs (Independent Charge) Mukhtar Abbas Naqvi told reporters in New Delhi that the committee will submit its report in a month or two on how India's Haj policy can be improved and how the pilgrims can get maximum concessions.

‘President Pranab’ to bloom at Delhi’s Mughal Gardens by March first week
i. As the Mughal Gardens at Rashtrapati Bhavan has reopened on 05th February 2017, visitors will for the first time see roses named after the Indian President and his wife, growing next to ‘ Abraham Lincoln’, ‘Christian Dior’ and ‘Queen Elizabeth’ . ‘President Pranab’, a crossbred variety of rose which was planted last month along with another variety of rose named ‘Suvra Mukherjee’, will blossom in spring. The President’s wife passed away in August 2015.

ii. The entire complex comprising spiritual garden, herbal garden, bonsai garden and musical garden will remain open from February 5-March 12 (except on Mondays which are maintenance days) between 9.30am to 4.00pm.

BCCI opposes ICC's proposals on financial model, governance structure
i. Despite the change of guard at the Board of Control for Cricket in India (BCCI), the Indian board continued to oppose the International Cricket Council's (ICC) new changes to the financial model and governance structure on 04th February 2017.

ii. The changes that the BCCI, represented by Vikram Limaye, a member of the new Committee of Administrators, is currently opposing are amongst the same changes that were recommended in 2014 with respect to a larger share of ICC's revenue to be given to India. 

Startup acquires Google's satellite imaging business
i. American startup Planet Labs, that launches small satellites into orbit and sells the imagery, has announced its acquisition of Google's 'Terra Bella' satellite business. As part of the agreement, 60 Google employees will join the startup founded by ex-NASA scientists. Terra Bella, formerly Skybox, was acquired by Google in 2014 for $500 million.

Alastair Cook awarded Order of the British Empire
i. England Test captain AlastairCook has been honoured with Commander of the Most Excellent Order of the British Empire (CBE). He was awarded the CBE at the Buckingham Palace by Prince Charles. 

ii. Cook is the only England player to have scored over 10,000 runs in Tests and has also led England in the most number of Tests. Cook said, receiving the CBE was a very proud moment for him, his family and friends.

Alibaba-made app helps find 611 missing Chinese children
i. A mobile app developed by Alibaba helped Chinese authorities recover 611 missing children last year. The 'Tuanyuan' app, which means 'reunion' in Chinese, sends push notifications with photos and descriptions to users who are close to the location of a child's disappearance. The notifications are sent to users farther from the location of the disappearance till the child is found.



Arun Kumar succeeds Richard Rekhy as KPMG India chairman
i. KPMG India board has elected Arun M Kumar as chairman and CEO to lead the India operations of the consulting and accounting major. He succeeds Richard Rekhy, who stepped down in November last year following a large-scale exodus of key people from the advisory team.

ii. Earlier in January 2016, Rekhy had been re-elected for a four-year term. Kumar, who spent the majority of his career with KPMG in the US, will take charge from 05th February 2017 for a five-year term.