Friday, 14 April 2017

Daily GK Update 14th April, 2017


127th birth anniversary of BR Ambedkar: 14 April 
i. Nation remembers Dr. Bhimrao Ramji Ambedkar on his 127th birth anniversary today i.e 14 April 2017.  
ii. Dr. Babasaheb Ambedkar, chief architect of the Constitution of India, was born on 14th April 1891 at Mhow in Madhya Pradesh, which is now known as Dr. Ambedkar Nagar. He was also the first law minister of India. 
iii. Prime Minister Modi launched several crucial initiatives to further the digital payments revolution in India on the occasion of Ambedkar Jayanti in Nagpur. These projects include the launch of BHIM Aadhaar platform for merchants, cash back and referral bonus schemes for BHIM and declaring about 75 townships going less-cash.

France, India ink pact to upgrade Railways
i. The French Minister of State for Transport Alain Vidalies signed an agreement with Indian Railway Minister Suresh Prabhu for collaboration in railway areas such as high-speed and semi-high speed rail, modernisation of current operations and infrastructure, station renovation and operations, suburban trains and safety systems.


Women can retain maiden names in passports, PM announced
i. Prime Minister Narendra Modi announced that women are free to retain their maiden names in their passports now after the marriage. 
ii. Stating that he wanted women to be at the centre of the developmental schemes as the government is working in different ways to empower them through various schemes like Mudra and Ujjwala. 

Haryana launched Operation Durga to ensure women Safety
i. Similar to that of Uttar Pradesh’s ‘Anti-Romeo Squad’, the Haryana government has launched ‘Operation Durga’ to ensure women safety in the state. 
ii. Under this operation, the 'Flying Squad' is patrolling those areas where anti-social elements are committing crimes against women. The team is formed by Chief Minister of Haryana Mr. Manohar Lal Khattar.

Jharkhand police initiates Tare Zameen Par programme for underprivileged kids
i. Jharkhand Police has initiated 'Tare Zameen Par programme' to enlighten children in Naxal-affected areas in the Palamau district of Jharkhand. 
ii. This programme is aimed to restore confidence in the state police force and to encourage children to lead happy lives. 
iii. As a part of the programme, the state police appealed the locals to donate bags, shoes, books and clothes to improve the basic amenities of the children in the Naxal-affected areas.

Bank Boards Bureau evolves 'GRAF' for PSBs
i. The Bank Boards Bureau (BBB) has evolved a Governance, Reward and Accountability Framework (GRAF) for public sector banks to ensure that they have the ability to compete successfully with private sector banks, small finance and payments banks, foreign banks and non-banking finance companies. 
ii. The framework is guided by the latest global benchmarking on governance practices provided by the Basel Committee on Banking Supervisions guidelines on corporate governance principles for banks released in July 2015.

Postal department, SBI join hands to promote cashless transactions
i. Department of Posts has joined hands with State Bank of India to promote 'SBI buddy e-wallet' and Point of Sale (POS) machines for cashless transactions at post office counters while booking speed post and registered post items. 
ii.  Higher officials have dedicated SBI buddy e-wallet and SBI POS machines at Chandigarh General Post Office for the general public. 

I-T CPC in Bengaluru gets new unique pin code for taxpayers benefit
i. Taxpayers wanting to send their paper Income Tax Return (ITR) acknowledgment forms or documents related to refunds and others to the I-T department's CPC in Bengaluru can now send it to a unique pin code '560500'. 
iiThe Department of Post has allotted the pin code to the Central Processing Centre (CPC) to ensure that letters and emails sent by taxpayers and assessees are not lost and reach the centre without delay. 


IRDAI launches web portal for insurers
i. The Insurance Regulatory and Development Authority of India (IRDAI) has launched a web portal for insurers that will allow them to register and sell policies online.
ii. The portal 'isnp.irda.gov.in' is also open to intermediaries in the insurance business.



Grasim gets RBI approval to hike FII limit
i. The Reserve Bank has allowed Aditya Birla Group firm Grasim Industries to raise the foreign shareholding to 49% from the existing limit of 30%. 
ii. RBI has notified that foreign institutional Investors/foreign portfolio investors can now invest the paid-up capital of Grasim Industries Ltd under the Portfolio Investment Scheme (PIS). 

Dr. (Ms.) Mukulita Vijayawargiya takes charge as Whole Time Member of IBBI
i. Dr. (Ms.) Mukulita Vijayawargiya took charge as Whole Time Member of the Insolvency and Bankruptcy Board of India (IBBI) in New Delhi. 
ii. He will look after the fields like Administrative Law Wing, Information Technology, Limited Insolvency Examination, National Insolvency Examination, Finance Accounts and  Communication.

Himachal Pradesh bags Krishi Karman Award 2015-16
i. The Union Ministry of Agriculture has selected Himachal Pradesh for the Krishi Karman Award 2015-16 for the commendable increase in food grains production. 
ii. Himachal Pradesh is being selected for this award for the third time.  The award would carry a trophy, citation and cash prize. The state was also conferred the Krishi Karman Award for 2011-12 for the increase in wheat production and in 2014-15 for increasing food grains production.

Indian wins top prize at UN challenge for open source tool
i. An Indian software engineer Abdulqadir Rashik has won the top prize at a global challenge for an open-source tool that enables users to interactively view UN General Assembly resolutions and gain a deeper understanding of the voting patterns of member states.  
ii. He also won the 'Unite Ideas UNGAViz Textual Analysis and Visualisation Challenge' for his Global Policy.

Cisco launched 5th global and 1st in India cyber range lab in Gurugram
i. US-based tech giant Cisco launched its fifth global cyber range lab in Gurugram, Haryana with an aim to train Indian firms and government agencies on real-world cyber attacks
ii. This is the first cyber range lab in India. The facility was inaugurated by National Cyber Security Coordinator Gulshan Rai.

Pranab Mukherjee released book on Draupadi by Veerappa Moily
i. A book on Draupadi named 'the Flaming Tresses of Draupadi' written by senior Congress leader M Veerappa Moily was released by President Pranab Mukherjee at Rashtrapati Bhavan, New Delhi. 
ii. The book is an English translation by D A Shankar of Moily’s original work in Kannada. 


Important Takeaways from above GK Update are as follows-
  • Nation remembers BR Ambedkar on his 127th birth anniversary i.e. 14 April 2017
  • He was born on 14th April 1891 at Mhow in Madhya Pradesh, which is now known as Dr. Ambedkar Nagar
  • He was also the first law minister of India
  • Unified Payment Interface (UPI) based app BHIM was launched by PM Modi which has been named after Bhim Rao Ambedkar.
  • Pranab Mukherjee released the book named 'the Flaming Tresses of Draupadi' authored by M Veerappa Moily
  • The book was translated into English by D A Shankar
  • Moily is best known for his book Shree Ramayana Mahanveshanam, which received the Moortidevi Award of the Bharatiya Jnanpith.
  • Haryana govt launched Operation Durga to ensure women Safety
  • Haryana CM is Mr. Manohar Lal Khattar
  • Governor of Haryana is Kaptan Singh Solanki.
  • Cisco launched its fifth global cyber range lab in Gurugram, Haryana
  • The facility was inaugurated by National Cyber Security Coordinator Gulshan Rai
  • Cisco was formed in 1984 and it is headquartered in California, USA
  • Chuck Robbins is the current CEO of Cisco
  • India and France inked pact to upgrade Railways
  • France PM is Bernard Cazeneuve 
  • The capital of France is Paris and its Currency is Euro
  • French Minister of State for Transport is Alain Vidalies.
  • Himachal Pradesh bags Krishi Karman Award for 2015-16
  • The total food grains production has increased from 14.94 lakh tonne to 16.34 lakh tonne in Himachal Pradesh
  • Radha Ram Mohan Singh is the Union Agriculture and farmer welfare Minister of India
  • The Capital of Himachal Pradesh is Shimla and its Chief Minister is Mr. Virbhadra Singh
  • Postal department and SBI joined hands to promote cashless transactions in India
  • SBI buddy e-wallet and SBI POS machines at Chandigarh General Post Office has been dedicated to the general public
  • Smt. Arundhati Bhattacharya is the Chairperson of Mumbai Headquartered State Bank of India
  • Tare Zameen Par programme launched in Jharkhand 
  • CM of Jharkhand is Raghubar Das 
  • Governor of Jharkhand is Draupadi Murmu.
  • Tare Zameen Par programme launched in Jharkhand 
  • CM of Jharkhand is Raghubar Das 
  • Governor of Jharkhand is Draupadi Murmu.
  • BBB has evolved a Governance, Reward and Accountability Framework (GRAF) for public sector banks
  • Banks Board Bureau is an autonomous body of Union Government of India tasked to improve the governance of Public Sector Banks.
  • IRDAI has launched a web portal 'isnp.irda.gov.in' for insurers that will allow them to register and sell policies online.
  • Full form of IRDAI is Insurance Regulatory and Development Authority of India
  • IRDAI Chairman is T.S Vijayan and its headquarter is in Hyderabad.
  • Dr. (Ms.) Mukulita Vijayawargiya took charge as Whole Time Member of IBBI
  • The Insolvency and Bankruptcy Board of India (IBBI) was established on October 1, 2016, in accordance with the provisions of The Insolvency and Bankruptcy Code, 2016.

Banking Awareness


Q1. Financial literacy is a serious issue for RBI, because?
(a) It would enable better understanding of banking business 
(b) With better understanding, more and more people would utilize the banking services
(c) It would mean banks can do more business 
(d) It would mean the maximum number of people
(e) None of the given options is true

Q2. RBI has replaced BPLR regime by Base Rate regime w.e.f?
(a) July 1, 2010
(b) July 5, 2010
(c) July 11, 2010 
(d) July 15, 2010
(e) None of the given options is true

Q3. Many times, we read about Special Drawing Right (SDR) in newspapers. As per in definition, SDR is a monetary unit of the reserve assets of which of the following organisations/agencies?
(a) World Bank
(b) International Monetary Fund (IMF)
(c) Reserve Bank of India (RBI)
(d) Organization of the Petroleum Exporting Countries (OPEC)
(e) None of the given options is true

Q4. Reserve Bank of India is-
(a) an extension wing of Ministry of Finance, Government of India
(b) India's central banking institution, which controls the monetary policy of the Indian rupee
(c) an Institution owned by Indian Bank’s Association 
(d) a private sector company
(e) None of the given options is true 

Q5. The term ‘Ways and Means’ advances refer to-
(a) The temporary advance made to the government by its Bankers to bridge the interval between expenditure and the flow of receipt of revenues
(b) the advance given by the Banks to the poorest of the society 
(c) lending made under PMRY scheme 
(d) All of the above
(e) None of the given options is true

Q6. As per the guidelines issued by the RBI, banks are preparing for a service which will allow customers to withdraw up to Rs.1,000 using their debit cards from notified shoes/stores all over the country. All such shops/stores will have ‘POS’ terminals for the same. What is full form of the ‘POS’?
(a) Payment on Sale 
(b) Power of Sale 
(c) Point of Sale
(d) Payment Order Service
(e) None of the given options is true

Q7. Which of the following is considered as the financial capital of India?
(a) New Delhi
(b) Kolkata 
(c) Ahmedabad 
(d) Mumbai
(e) None of the given options is true

Q8. One of the major emphasis of Basel II is that banks should have?
(a) Adequate Capital Adequacy Ratio
(b) Only few-braches in urban centres
(c) More and more branches in rural areas 
(d) Core banking mode of operation
(e) None of the given options is true

Q9. MUDRA Bank as a wholly owned subsidiary of which institutions-
(a) Non-Banking Financial Companies (NBFCs) 
(b) Commercial Banks 
(c) Micro Finance Institutions (MFIs) 
(d) Small Industries Development Bank of India (SIDBI)
(e) None of the given options is true

Q10. What amount of corpus is allocated to set up MUDRA Bank? 
(a) Rs. 20,000 crore
(b) Rs. 25,000 crore
(c) Rs. 3,000 crore
(d) Rs. 3,500 crore
(e) None of the given options is true

Q11. Currently, which of the following combination has female CMDs or heads? 
(a) HDFC, ICICI, Axis Bank 
(b) ICICI, Axis Bank, Kotak Mahindra Bank 
(c) Yes Bank, Kotak Mahindra Bank, SBI 
(d) SBI, ICICI, Axis Bank
(e) None of the given options is true

Q12. Which two private sector banks have got the license from RBI in 2014? 
(a) Bandhan and Yes Bank 
(b) Yes Bank and IDFC 
(c) IDFC Bank and Bandhan Bank
(d) Axis Bank and ICICI 
(e) None of the given options is true

Q13. Who is conferred with the Central Banker of the Year Award (Global and Asia Pacific) for 2016 by The Banker, the Financial Times Group's monthly publication?
(a) Janet Yellen
(b) Raghuram Rajan 
(c) Graeme Wheeler 
(d) Mario Draghi
(e) None of the given options is true

Q14. Which bank first introduced Automated Teller Machine (ATM) in India (1987)? 
(a) SBI 
(b) Punjab National Bank 
(c) Federal Bank 
(d) HSBC
(e) None of the given options is true

Q15. Bank of Rajasthan was merged with which private sector bank? 
(a) ICICI Bank
(b) Axis Bank 
(c) HDFC Bank 
(d) Kotak Mahindra Bank
(e) None of the given options is true  

QUIZ-14


Q1. Indian men’s doubles pair of Satwiksairaj Rankireddy and Chirag Shetty clinched the Vietnam Open International challenger badminton Title, recently. What is the capital of Vietnam?
(a) Danang
(b) Haiphong
(c) Huew
(d) Hanoi
(e) Ho Chi Minh City

Q2. Name the Indian-origin British Director who has been honored with the Sikh Jewel Award for 2017.
(a) Joe Rajan
(b) Gurinder Chadha
(c) Kasinadhuni Viswanath
(d) Jaspal Bhatti
(e) Katta Subba Rao

Q3. Leading communication app Truecaller has tied up with _________ to integrate the tech giant's video calling app Duo within the Truecaller app.
(a) Infosys
(b) TCS
(c) Google
(d) Microsoft
(e) Facebook

Q4. Name the first Indian-American woman who has been appointed as president and CEO of ‘The Leadership Conference on Civil and Human Rights’.
(a) Vanita Gupta
(b) Sonal Vira
(c) Aruna Ray
(d) Arundhati Saini
(e) Kavitha Joe

Q5. Name the lender that has recently announced the partnership with mobile app firm Truecaller for a new UPI-based mobile payment service.
(a) HDFC Bank
(b) ICICI Bank
(c) SBI
(d) Karnataka Bank
(e) IDFC Bank

Q6. Name the cricketer who received Garfield Sobers Trophy, recently.
(a) Joe Root
(b) Imran Tahir
(c) Steve Smith
(d) Ravichandran Ashwin
(e) Ravindra Jadeja

Q7. Name the person who has been appointed as the head of the Rome-based World Food Programme (WFP) by the Secretary-General of United Nations.
(a) Andrew Johnatthan
(b) San Ba Chan
(c) David Beasley
(d) Arunoday Singh
(e) None of the given options are true

Q8. Name the city that will host the Men’s Hockey World League Final in December 2017 and the men’s World Cup in 2018.
(a) New York
(b) Honk Kong
(c) Beijing
(d) Bhubaneswar
(e) Kolkata

Q9. Name the regulatory body that has imposed a penalty of Rs 20 lakh on ICICI Prudential Life Insurance Company on various charges.
(a) IRDAI
(b) SEBI
(c) RBI
(d) NABARD
(e) SIDBI

Q10. The Indian Navy has recently inducted surveillance ship INLCU L51 in which of the following Indian cities?
(a) Chennai
(b) Port Blair
(c) Mumbai
(d) Kolkata
(e) Goa

Q11. Name the e-commerce industry that will become a member of the self-regulatory voluntary organization Advertising Standards Council of India (ASCI) from April, 2017.
(a) Amazon
(b) FlipKart
(c) Paytm
(d) FreeCharge
(e) Naptol

Q12. Name the Asian country that has 1st time turned around from a Net importer of electricity to Net Exporter of electricity, as per Central Electricity Authority of the country.
(a) Bangladesh
(b) Pakistan
(c) India
(d) Myanmar
(e) Nepal

Q13. SBI Card recently launched a unique credit card named ________ targeted at all SBI customers, including Jan Dhan account-holders across the country.
(a) PRAGATI
(b) VIKAS
(c) UTKARSH
(d) UNNATI
(e) VRIDDHI

Q14. Name the first woman of the Pakistan who has been recently appointed as the new President and Chief Executive Officer (CEO) of United Bank Limited, Pakistan.
(a) Zareen Begun
(b) Sima Kamil
(c) Shabana Khan
(d) Romana Zaidi
(e) None of the given options are true

Q15. The country’s fast-growing e-commerce industry Paytm is a 100% subsidiary of ___________.
(a) Alibaba
(b) Porteck
(c) Pacific
(d) One97 Communications
(e) Chroma

Thursday, 13 April 2017

Panchayat Secretary Grade-IV



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Banking Awareness Quiz


Q1. The merchant banking activities in India are governed by which of the following bodies:
(a) SEBI
(b) IRDA
(c) RBI
(d) NABARD
(E) TRAI

Q2. RBI was established in-
(a) 01st April 1935
(b) 05th April 1934
(c) 05th May 1935
(d) 01st January 1949
(e) 01st July 1955

Q3. State Bank of India comes into existence in the year-
(a) 1947
(b) 1955
(c) 1959
(d) 1969
(e) 1921

Q4. "Hum Hai Na" is slogan of which bank-
(a) ICICI Bank
(b) Punjab National Bank
(c) Vijaya Bank
(d) Allahabad Bank
(e) Axis Bank

Q5. World Bank was established in the year-
(a) 1955
(b) 1942
(c) 1944
(d) 1988
(e) 1914

Q6. Headquarters of World Bank is located at-
(a) London
(b) Washington D.C.
(c) Geneva
(d) Paris
(e) Nairobi

Q7. Jim Yong Kim is the 12th president of-
(a) World Bank Group
(b) International Monetary Fund (IMF)
(c) World Trade Organization (WTO)
(d) United Nations (UN)
(e) Asian Development Bank (ADB)

Q8. "Overdrafts" covered under which function-
(a) Accepting Deposits
(b) Advancing of Loans
(c) Assets
(d) All of the above
(e) None of the above

Q9. For the overdraft facility, the customer has to pay?
(a) Interest
(b) Commission
(c) Normal Charges
(d) EMI
(e) None of the above

Q10. SIDBI stands for-
(a) Specially Industries Development Bank of India
(b) Sound Industries Development Bank of India
(c) Small Industries Development Bank of India
(d) Small International Development Bank of India
(e) None of the above

Q11. NHB, a wholly owned subsidiary of Reserve Bank of India, was set up in 1988. NHB stands for-
(a) Hyderabad Bank for Nation
(b) National Housing Bank
(c) Non-Housing Bank in India
(d) National Housing Branch
(e) None of the above

Q12. The share of NDTL which Bank maintains in cash with RBI is termed as?
(a) CRR
(b) SLR
(c) MSF
(d) SDR
(e) None of the above

Q13. The account that allows you to buy, sell as well as transact without the need of any paperwork is-
(a) Simple Account
(b) Demat Account
(c) Current Account
(d) Saving Account
(e) None of the above

Q14. Increase in the general level of prices for goods and services are known as-
(a) Deflation
(b) Inflation
(c) Normal Price Increment
(d) All of the above
(e) None of the above

Q15. Scheduled Commercial Banks got license under-
(a) Banking Regulation Act, 1949
(b) Banking Regulation Act, 1952
(c) Banking Regulation Act, 1955
(d) Banking Regulation Act, 1935
(e) None of the above