QUIZ-11+

Q1. NSDC and Bird Academy have signed an MoU to skill more than 30 thousand unemployed youth from across states in the aviation and aerospace sectors. What does 'D' stands for in NSDC?

(a) Department

(b) DISCOM

(c) Development

(d) Deployment

(e) None of the given options is true

S1. Ans.(c)
Sol. National Skill Development Corporation (NSDC) and Bird Academy have signed an MoU to skill more than 30 thousand unemployed youth from across states in the aviation and aerospace sectors.

Q2. Energy Efficiency Services Ltd. has initiated a French Agency-funded project to retrofit 10 lakh conventional street lights with LED lights in Gram Panchayats which of the following state? This is the first project for rural LED street lighting in the country under the Centre’s Street Lighting National Project (SLNP).

(a) Himachal Pradesh

(b) Haryana

(c) Uttar Pradesh

(d) Andhra Pradesh

(e) Telangana

S2. Ans.(d)
Sol. Energy Efficiency Services Ltd. has initiated a French agency funded project to retrofit 10 lakh conventional street lights with LED lights in Gram Panchayats of 7 districts in Andhra Pradesh. This is the first project for rural LED street lighting in the country under the Centre’s Street Lighting National Project (SLNP).

Q3. To emphasize the importance of financial literacy, the Reserve Bank of India is observing June 5-9, 2017 as Financial Literacy Week across the country. The Week will focus on which of the following theme/themes?

(a) Know Your Customer (KYC)

(b) All of the given themes

(c) Exercising Credit Discipline

(d) Grievance Redress

(e) Going Digital

S3. Ans.(b)
Sol. To emphasise the importance of financial literacy, the Reserve Bank of India is observing June 5-9, 2017 as Financial Literacy Week across the country. The Week will focus on four broad themes, viz. Know Your Customer (KYC), Exercising Credit Discipline, Grievance Redress and Going Digital.

Q4. TRAI has recently launched three new apps to help customer’s rate quality of services, speed and performance. What does 'R' stands for in TRAI?

(a) Regulatory

(b) Reformative

(c) Resource

(d) Reconstruction

(e) None of the given options is true

S4. Ans.(a)
Sol. Telecom Regulatory Authority of India (TRAI) has recently launched three new apps to help customer’s rate quality of services, speed and performance. The three new apps are Mycall app, MySpeed app and 'Do not disturb (DND 2.0)' app. The apps are being launched with the motive that there is more transparency between the consumers and the service providers.

Q5. Which of the following state government has recently launched the single-women pensions’ scheme across the state? It is the first such scheme in India.

(a) Maharashtra

(b) Telangana

(c) Gujarat

(d) Madhya Pradesh

(e) Assam

S5. Ans.(b)
Sol. Telangana government has recently launched the single-women pensions’ scheme across the state. Single women will be given Rs 1,000 per month. It is the first such scheme in India.

Q6. Which one of the following state has recently launched India’s first public bicycle sharing (PBS) initiative 'Trin Trin?

(a) Tripura

(b) Assam

(c) Karnataka

(d) Nagaland

(e) Uttar Pradesh

S6. Ans.(c)
Sol. Chief Minister of Karnataka Siddaramaiah has recently launched India’s first public bicycle sharing (PBS) initiative 'Trin Trin' in Mysuru. A short video detailing various aspects of Trin Trin and a mobile app were also released on the occasion. The World Bank, Global Environmental Fund, and state govt have jointly funded the initiative.

Q7. Leading bourse National Stock Exchange (NSE) launched its international exchange in the GIFT City. GIFT City is situated in _____________.

(a) Karnataka

(b) Goa

(c) Rajasthan

(d) Gujarat

(e) Kerala

S7. Ans.(d)
Sol. Leading bourse National Stock Exchange (NSE) launched its international exchange in the Gujarat International Finance Tec-City (GIFT City). NSE IFSC Ltd, the global exchange promoted by NSE, will remain operational for a longer period than NSE during a trading day.

Q8. As per the Global Retail Development Index (GRDI) India has surpassed which one of the following countries to secure the top position among 30 developing countries on ease of doing business?

(a) Japan

(b) Malaysia

(c) Switzerland

(d) Indonesia

(e) China

S8. Ans.(e)
Sol. India has surpassed China to secure the top position among 30 developing countries on ease of doing business, according to a study that cited India’s rapidly expanding economy, relaxation of FDI rules and a consumption boom as the key drivers. The Global Retail Development Index (GRDI) was titled as ‘The Age of Focus’, ranks China in second place. Malaysia was in the third position in the list.

Q9. The book “The Ministry of Utmost Happiness”, authored by ______________ was released recently.

(a) Shashi Tharoor

(b) Arundhati Roy

(c) Vikram Seth

(d) Salman Rushdie

(e) Chetan Bhagat

S9. Ans.(b)
Sol. The book “The Ministry of Utmost Happiness” has been authored by Arundhati Roy, was released recently. It is fiction-based novel and will be published by Hamish Hamilton UK and Penguin India.

Q10. Mumbai-headquartered IDBI Bank was recently in News. Who is the current CEO of IDBI Bank?

(a) Tapan Ray

(b) Shashikanta Das

(c) Mahesh Kumar Jain

(d) R D Rego

(e) Kishor Kharat

S10. Ans (c)
Sol. The present Chief Executive Officer of Industrial Development Bank of India (IDBI) is Mahesh Kumar Jain. It is headquartered in Mumbai, Maharashtra.

QUIZ-11

Q1. Name the port that has recently topped the list in the First-Ever Ranking of Ports on Sanitation Parameters in the exercise that was undertaken during the ‘Swachhta Pakhwada’.
Answer: Haldia Port


Q2. Jharkhand Police has initiated __________ programme, recently to enlighten children in Naxal-affected areas in the Palamau district of Jharkhand.
Answer: Tare Zameen Par

Q3. Name the Public lender, which has joined hands with Department of Posts to promote Point of Sale (POS) machines for cashless transactions at post office counters.
Answer: SBI

Q4. Name the Finance Bank that has recently launched a social deposit scheme called 'Hrudaya Deposit scheme' in Thrissur, Kerala.
Answer: ESAF Small Finance Bank

Q5. Name the State, which has been selected by the Union Ministry of Agriculture for the Krishi Karman Award 2015-16 for the commendable increase in food grains production, recently.
Answer: Himachal Pradesh

Q6. RBI has issued a new set of enabling provisions titled PCA which is used to resolve the problem of banks mounting non-performing assets (NPAs), or bad loans. What does C stands for in PCA
Answer: Corrective

Q7. The Income Tax department has launched the second phase of 'OCM' to investigate over 60,000 individuals with an aim to detect black money generation post demonetization, recently. What is the full form of 'OCM'?
Answer: Operation Clean Money

Q8. Name the Yojana under which Loans extended have crossed the target of Rs 1,80,000 crore during 2016-17.
Answer: PMMY

Q9. Name the City, in which PM Narendra Modi launched a cashless/less cash township model, developed by Gujarat Narmada Valley Fertilizers and Chemicals Ltd (GNFC), recently.
Answer: Nagpur

Q10. Name the State which has signed an MoU with central govt for the 'Power for All' scheme across the state. The aim of this scheme is to ensure 24-hour quality power supply in the state by October 2018 and electric connection to every house and agriculture field by 2019.
Answer: Uttar Pradesh

Q11. Prime Minister Narendra Modi has recently inaugurated 1980 MW of the Koradi super-critical thermal power project of state-run Mahagenco. Koradi super-critical thermal power project is situated in ____________.
Answer: Maharashtra

Q12. Sixteen-time world champion Pankaj Advani has won his sixth Asian Billiards title and seventh overall Asian championship. The final of the Asian Billiards Championship was held in ____________.
Answer: Chandigarh

Q13. An eminent personality Mr. Girish Chandra Saxena has passed away recently. He was ________.
Answer: Former Governor

Q14. Emma Morano, the oldest person alive and the last survivor of the 19th century died recently at the age of 117. She was from which country?
Answer: Italy

Q15. Name the player who has won the title match of Men's singles at Singapore Open Badminton, recently.
Answer: Sai Praneeth

QUIZ-10+

Q1. International Day of Innocent Children Victims of Aggression is observed globally on ______________.
(a) 6 June
(b) 4 June
(c) 2 June
(d) 8 June
(e) 10 June

S1. Ans.(b)
Sol. International Day of Innocent Children Victims of Aggression was observed across the world on 4 June 2017.

Q2. The Bank of Baroda (BoB) recently entered into a Memorandum of Understanding (MoU) with Small Farmers Agribusiness Consortium (SFAC). Who is the present MD and CEO of BoB?
(a) ChandaKocchar
(b) Shikha Sharma
(c) ShyamSrinivasan
(d) P S Jayakumar
(e) RajkiranRai G

S2. Ans.(d)
Sol. The Bank of Baroda (BoB) recently entered into a Memorandum of Understanding (MoU) with Small Farmers Agribusiness Consortium (SFAC). P S Jayakumar is the Present MD and CEO of BOB.

Q3. The Goods and Services Tax (GST) Council recently cleared the pending rules for the rollout of the new indirect tax regime from Jul 1. The tax on Jute will be ____________.

(a) 5 Percent

(b) 15 Percent
(c) 0 Percent
(d) 18 Percent
(e) 28 Percent

S3. Ans.(c)
Sol. The Goods and Services Tax (GST) Council recently cleared the pending rules for the rollout of the new indirect tax regime from Jul 1. The tax on Jute will be 0 Percent.

Q4. Name the Badminton Player who has recently clinched the Thailand Open Grand Prix Gold badminton title 2017.
(a) Lin Dan
(b) Jonatan Christie
(c) SaiPraneeth
(d) Cai Yun
(e) Lee Chan Mung

S4. Ans.(c)
Sol. B SaiPraneeth has clinched the Thailand Open Grand Prix Gold badminton title by defeating Indonesia’s Jonatan Christie in a closely-fought final in Bangkok. The success in the Thailand Open Grand Prix Gold extended SaiPraneeth’s remarkable run in 2017.

Q5. Name the only assigned competition manager of International Table Tennis Federation (ITTF) who has recently become the first Indian to be nominated as a member of the Umpires and Referees Committee (URC).
(a) Shashikant Dev
(b) Neelmani Prasanna
(c) Gurbax Dayal
(d) Ganeshan NeelakantaIyer
(e) Samantha Das

S5. Ans.(d)
Sol. Ganeshan Neelakanta Iyer, the only assigned competition manager of International Table Tennis Federation (ITTF), has become the first Indian to be nominated as a member of the Umpires and Referees Committee (URC).

Q6. India has successfully test-fired its first all-weather tracked-chassis QR-SAM from a mobile launcher at Integrated Test Range at Chandipur in Odisha. QR is abbreviated as _____________.
(a) Quick Radiation
(b) Quality Reaction
(c) Quality Radiation
(d) Quartic Reaction
(e) Quick Reaction

S6. Ans.(e)
Sol. India has successfully test-fired its first all-weather tracked-chassis Quick Reaction Surface-to-Air Missile (QR-SAM) from a mobile launcher at Integrated Test Range at Chandipur in Odisha.

Q7. Market regulator Securities and Exchange Board of India (SEBI) has recently set up a committee to help improve the standards of corporate governance of listed companies in India. The committee will be headed by _____________.

(a) Ajay Tyagi

(b) SandeepJajodiya

(c) UdayKotak

(d) Mahabaleshwar

(e) ArvindPanghariya

Q8. The Ministry of Rural Development has selected Vizianagaram district in which of the following Indian State as one among the 17 districts across the nation for the MGNREGA annual award for effective implementation of the Mahatma Gandhi National Rural Employment Guarantee (MGNREGA) Act during 2015-16.
(a) Himachal Pradesh
(b) Telangana
(c) Karnataka
(d) Andhra Pradesh
(e) Maharashtra

S8. Ans.(d)
Sol. The Ministry of Rural Development has selected Vizianagaram district in Andhra Pradesh as one among the 17 districts across the nation for the MGNREGA annual award for effective implementation of the Mahatma Gandhi National Rural Employment Guarantee (MGNREGA) Act during 2015-16.

Q9. Kotak Mahendra Bank is headquartered in ___________.

(a) New Delhi

(b) Mumbai

(c) Jaipur

(d) Chennai

(e) Mysuru

S9. Ans.(b)
Sol. Kotak Mahendra Bank is headquartered in Mumbai and it was founded in 2003.

Q10. In the IMD World Competitiveness Yearbook 2017, India has been ranked __________ out of total 63 countries. 
(a) 45th
(b) 51st
(c) 48th
(d) 52nd
(e) 50th

S10. Ans.(a)
Sol. In the IMD World Competitiveness Yearbook, 2017 India has been ranked 45th out of total 63 countries. Hong Kong topped the list.

Q11. Name the company that has recently announced the launch of Green Thumb, an initiative to enhance the green cover on the occasion of World Environment Day (05th June).
(a) TATA Power
(b) Reliance Power
(c) TATA Communications
(d) TATA Projects
(e) None of the given options is true

S11. Ans.(d)
Sol. TATA Projects has announced the launch of Green Thumb, an initiative to enhance the green cover. This new initiative of the infrastructure company coincides with World Environment Day (05th June). TATA Projects planted over 42,000 saplings across over 100 locations during 2016-17.

Q12. Which defaulting telecom firm recently got time till Dec 2017 from its lenders to make interest and principal repayment?
(a) Aircel
(b) Airtel
(c) RCom
(d) Telenor
(e) Vodafone India

S12. Ans.(c)
Sol. Reliance Communications is the defaulting telecom firm recently got time till Dec 2017 from its lenders to make interest and principal repayment. The lenders have taken the strategic debt restructuring (SDR) route for the firm.

Q13. PM NarendraModi will attend the Shanghai Cooperation Organization (SCO) Summit at Astana in which of the following country on June 8-9?

(a) Kazakhstan
(b) Ajerbaijan
(c) Oman
(d) Indonesia
(e) Hong Kong

S13. Ans.(a)
Sol.  PM Narendra Modi will attend the Shanghai Cooperation Organization (SCO) Summit at Astana in Kazakhstan on Jun 8-9.

Q14. In the World Competitiveness Rankings 2017, compiled by the International Institute for Management Development’s (IMD) World Competitiveness Center, which of the following country topped the list?
(a) Switzerland
(b) Hong Kong
(c) Denmark
(d) Sweden
(e) Ireland

S14. Ans.(b)
Sol. India has ranked 45th out of 63 countries in the World Competitiveness Rankings 2017, compiled by the International Institute for Management Development’s (IMD) World Competitiveness Center. Hong Kong topped the World Competitiveness Rankings 2017.

Q15. NursultanNazarbayev is the current President of ____________.

(a) Hong Kong
(b) Kazakhstan
(c) UAE
(d) Afghanistan
(e) Thailand

S15. Ans.(b)
Sol. Nursultan Nazarbayev is the President of Kazakhstan and its currency is Kazakhstani tenge.

QUIZ-10+

Q1. Maharashtra Chief Minister Devendra Fadnavis launched a web portal named ____________ that will cater to job seekers, employers, entrepreneurs, and training institutes who can avail details regarding skill development and employment.
(a) Maharojgar
(b) Mahaswayam
(c) Mahaseva
(d) Mahabalesh
(e) Mahavikas
S1. Ans.(b)
Sol. Maharashtra Chief Minister Devendra Fadnavis launched a web portal 'Mahaswayam' that will cater to job seekers, employers, entrepreneurs, and training institutes who can avail details regarding skill development and employment. Earlier, the state government ran three different portals- Maharashtra State Skill Development Society (MSSDS) portal for Skill Development, 'Maharojgar' for employment and 'Mahaswayamrojgar' for entrepreneurship. These three have now been merged into 'Mahaswayam'.

Q2. Name the Indian-Origin leader who is all set to become the Republic of Ireland's next Prime Minister after winning the leadership of the Fine Gael party.
(a) Ruby Dhalla
(b) Dave Hayer
(c) Leo Varadkar
(d) Kamal Khera
(e) Deepak Obhrai
S2. Ans.(c)
Sol. Indian-Origin Leo Varadkar is set to become the Republic of Ireland's next Prime Minister after winning the leadership of the Fine Gael party. The 38-year-old will become the first gay Prime Minister and will also be the country's youngest ever leader. He will succeed Enda Kenny as leader of the centre-right party within weeks.

Q3. Which of the following lender and the World Bank has recently announced that they had financed 100 MW of rooftop solar projects worth Rs400 crore in India?
(a) State Bank of India
(b) ICICI Bank
(c) Punjab National Bank
(d) Allahabad Bank
(e) Ratnakar Bank Ltd.
S3. Ans.(a)
Sol. State Bank of India and the World Bank had recently financed 100 MW of rooftop solar projects worth Rs400 crore in India. SBI has availed of a loan of $625 million from the World Bank for on-lending to viable Grid-Connected Rooftop Solar PV (GRPV) projects undertaken by developers, aggregators and end-users, for installation of rooftop solar systems.

Q4. Name the person who has been recently appointed as the CEO of Prasar Bharati.
(a) A. Surya Prakash
(b) Kantadas Acharya
(c) Ashok Samrat
(d) Shashi Shekar Vempati
(e) Swapnil Shah
S4. Ans.(d)
Sol. Shashi Shekar Vempati has been appointed as the CEO of Prasar Bharati on the recommendation of the three-member committee headed by the Vice-President, and consisting of the Chairman, Press Council of India, and the President’s nominee.

Q5. The Reserve Bank of India has initiated PCA for Dena Bank in view of high net non-performing assets and negative return on assets. What does 'C' stands for in PCA?
(a) Catholic
(b) Chamber
(c) Corrective
(d) Character
(e) Combined
S5. Ans.(c)
Sol. The Reserve Bank of India has initiated prompt corrective action (PCA) for Dena Bank in view of high net non-performing assets and negative return on assets. Last month (May 2017), the central bank had initiated PCA for IDBI Bank and UCO Bank in view of high NNPAs and negative ROA.

Q6. Bharti Airtel has received approvals from the Securities & Exchange Board of India, BSE and the National Stock Exchange of India for its proposed merger with _____________.
(a) Aircel
(b) Telenor India
(c) Tata Indicom
(d) MTS India
(e) Photon
S6. Ans.(b)
Sol. Bharti Airtel has received approvals from the Securities & Exchange Board of India, BSE and the National Stock Exchange of India for its proposed merger with Telenor India. Airtel entered into an agreement with Telenor South Asia Investments in February, 2017 to buy Telenor India’s operations in Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam. These seven circles contribute about 35% to Airtel’s total revenue.

Q7. Which the first State in India to have developed an automatic public address system that can be activated along its entire coast?
(a) Odisha
(b) Kerala
(c) Gujarat
(d) Maharashtra
(e) Goa
S7. Ans.(a)
Sol. Odisha is the first State in India to have developed an automatic public address system that can be activated along its entire coast. The State government is all set to commission the ambitious Early Warning Dissemination System (EWDS) that would enable loud sirens go off simultaneously from towers at 122 locations by July 2017.

Q8. Name the Indian-American legal luminary who has been appointed a judge on the US Court of Appeals for the Sixth Circuit by President Donald Trump.
(a) Sumitra Pant
(b) Kedar Nath
(c) Amul Thapar
(d) Sumal Chand
(e) Aditya Gehlot
S8. Ans.(c)
Sol. Amul Thapar, an Indian-American legal luminary, has been appointed a judge on the US Court of Appeals for the Sixth Circuit by President Donald Trump. Before his appointment to the Court of Appeals, Judge Thapar served on the District Court for the Eastern District of Kentucky.

Q9. The cricket board for West Indies on its 91st anniversary has announced that the cricket team from now on will be officially known as ___________.
(a) WESTIES
(b) INDIES
(c) CRIC INDIES
(d) WINDIES
(e) None of the given option is true
S9. Ans.(d)
Sol. The cricket board for West Indies, on its 91st anniversary, has re-branded themselves as Cricket West Indies from the former West Indies Cricket board. The board also announced in a media release on their official website that the cricket team from now on will be officially known as ‘WINDIES’.

Q10. Which of the following team has become the first to win back-to-back UEFA Champions League titles?
(a) Manchester United
(b) Real Madrid
(c) Arsenal
(d) Juventus
(e) Manchester City
S10. Ans.(b)
Sol. Never in the history of the UEFA Champions League had a team won the title in consecutive seasons. That is until now — Real Madrid has done it. Now, they stand alone as the only team in the history of the competition to win back-to-back titles.

Q11. Which of the following city metro has partnered with Google to display its services in Google Maps application?
(a) Mumbai
(b) Delhi
(c) Bengaluru
(d) Chennai
(e) Kolkata
S11. Ans.(a)
Sol. Reliance Infrastructure-promoted Mumbai Metro One Private Limited (MMOPL) has partnered with Google to display its services in Google Maps application. To bring convenience for the commuters, MMOPL has collaborated with Google Maps to publish authentic timetable information and associated geographic information of the Metro One stations in the app.

Q12. World Environment Day is observed globally on ____________.
(a) 2 June
(b) 4 June
(c) 5 June
(d) 15 June
(e) 20 June
S12. Ans.(c)
Sol. World Environment Day (WED) is the biggest annual event for positive environmental action and takes place every on 5 June. This year’s host country is Canada.

Q13. As per the recent announcement of Reliance Communications (RCom), the merged entities of RCom and Aircel will be called ______________.
(a) ComAir
(b) Reliair
(c) Recel
(d) Aircom
(e) None of the given option is true
S13. Ans.(d)
Sol. Reliance Communications (RCom) Chairman Anil Ambani has announced that the merged entities of RCom and Aircel will be called Aircom. These merged entities are Reliance Communications and Maxis Communications Berhad (MCB). Both the companies announced their merger plans in September 2016.

Q14. Dena Bank was recently in News. Who is the current Chairman and MD of Dena Bank?
(a) A. Mahabaleswar
(b) Ashwani Kumar
(c) Sunil Mehta
(d) Sakshi Tanwar
(e) Shikha Sharma
S14. Ans.(b)
Sol. The MD and Chairman of Dena Bank is Ashwani Kumar and its headquarter is in Mumbai.

Q15. The theme for World Environment Day 2017 is ______________.
(a) The world with us
(b) Towards the sustainable growth
(c) The world in our hands
(d) Connecting People to Nature
(e) Lets grow together with Environment
S15. Ans.(d)
Sol. World Environment Day (WED) is the biggest annual event for positive environmental action and takes place every on 5 June. This year’s host country is Canada. The theme for World Environment Day 2017 is "Connecting People to Nature".

Daily GK Update 10th June 2017

India, Pakistan Become Full Members Of Shanghai Cooperation Organisation 

i. India and Pakistan became full members of the Shanghai Cooperation Organisation (SCO), the first-ever expansion of the China-dominated security grouping after 2001.
ii. With the inclusion of India and Pakistan, SCO now represents over 40% of world population and nearly 20% of the global GDP.

iii. 2017 SCO summit was based on the theme “Future Energy”.

Important Takeaways-

• The SCO was founded at a Summit in Shanghai in 2001 by the Presidents of Russia, China, Kazakhstan, Kazakhstan, Tajikistan, and Uzbekistan.
• SCO is regarded as a counterweight to the North Atlantic Treaty Organisation (NATO).

President Pranab Mukherjee launches 'Selfie with Daughter' mobile app 

i. President Pranab Mukherjee today launched the 'Selfie with Daughter' mobile application, aimed at raising awareness about female foeticide and sex selection.

ii. The campaign was started by Sunil Jaglan in June 2015 in village Bibipur in Haryana's Jind district.
iii. The aim of the campaign is to motivate society to feel proud to be parents of a girl child, which, in turn, will result in improving child sex ratio.

Static Takeaways-

• Dr. Rajendra Prasad was the first President of India.

Minister of Railways Inaugurates 1st Indian Railways HR Round Table Conference 

i. Minister of Railways Shri Suresh Prabhakar Prabhu inaugurated Indian Railways' 1st HR Round Table Conference in New Delhi. The Conference was organized around three themes i.e.

(1) Stakeholders Expectations from HR.

(2) The Future of Work – HR Role

(3) Creativity Within Constraints

ii. HR experts and leaders of industry held round table discussion on each of the above mentioned themes.

Static Takeaways-

• Indian Railways is the biggest civilian employer in the country.
• John Mathai was the first Minister of Railways of India.

RBI Governor to appear before House panel on July 6 

i. RBI Governor Urjit Patel will appear before a Parliamentary panel on July 6 during which he is expected to be questioned about total deposits made in banks post government’s demonetisation move.
ii. This is the fourth time Patel has been summoned by the Parliamentary Standing Committee (PSC) on Finance, headed by Congress MP and former Union Minister Veerappa Moily.

Static Takeaways-

• The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934
• Urjit Patel is the 24th Governor of RBI.
• Sir Osborne Smith was the first Governor of the Reserve Bank.

SBI cuts interest rate on home loans above Rs 75 lakh by 10 bps 

i. The State Bank of India, country’s largest lender cut the interest rate on home loans above Rs 75 lakh by 10 basis points (bps) to 8.60 percent. For salaried women borrowers, the loans will be offered at 8.55 percent.

ii. According to SBI, the new rates will be effective from June 15. The home loan rates offered are lowest in the industry.

Important Takeaways-

• SBI was established in 1955 
• Smt. Arundhati Bhattacharya is the Chairperson of SBI 
• SBI is headquartered in Mumbai, Maharashtra.

Indian Overseas Bank launches retail mart in Thiruvananthapuram

i. Indian Overseas Bank (IOB), the Lead Bank for Thiruvananthapuram district, has launched the Retail Mart, a retail lending concept, in Kerala's capital city. 

ii. The Retail Mart has been designed with an aim to complete all the pre-release formalities at the customer’s doorstep and sanction quality retail loans at a competitive rate of interest with a minimum turnaround time.

Banking Takeaways-

• Shri R. Subramaniakumar MD & CEO of IOB.
• IOB is headquartered in Chennai, Tamil Nadu.

SEBI clears Vikram Limaye as NSE chief

i. Capital market regulator SEBI has given conditional approval for the appointment of Vikram Limaye as the MD and CEO of the NSE. 

ii. SEBI had delayed clearing his appointment as he was also part of the four-member Supreme Court-appointed panel managing the affairs of the Board of Control for Cricket in India. His term with the BCCI ends in August 2017.

Static Takeaways-

• Ajay Tyagi is the Chairman of SEBI
• SEBI is headquartered in Mumbai
• The National Stock Exchange (NSE) of India Limited is the leading stock exchange of India, located in Mumbai.

Canara Bank ties up with New India Assurance Company

i. Canara Bank has inked pact with the state-owned general insurer The New India Assurance Company Ltd. to sell policies through its branches.
ii. The pact allows Canara Bank to offer non-life insurance products to its customers across metros and tier II and III cities through the bank’s extensive network of over 6,000 branches.

iii. Under the agreement, New India Assurance will make offer a bouquet of products such as motor, home, health, travel, fire, marine, and engineering insurance policies through branches of Canara Bank.

Banking Takeaways-

• New India Assurance Co Ltd is a 100 % Govt owned multinational general insurance company operating in 28 countries and headquartered at Mumbai.
• Mr. G. Srinivasan is the present Chairman cum Managing Director of New India Assurance Company.
• Canara Bank was founded as 'Canara Bank Hindu Permanent Fund' in 1906.
• Headquarter of Canara bank is in Bengaluru.
• Shri. T.N. Manoharan is the Chairman of Canara Bank.

Microsoft signs agreement to acquire Israeli security firm Hexadite

i. Ransomware attacks have prompted Microsoft to sign an agreement to acquire Hexadite.
ii. This deal cost $100 million. Hexadite is an Israeli startup that uses Artificial Intelligence to identify and protect against cyber attacks.

Important Takeaways-

• CEO of Microsoft is Satya Nadella.
• Headquarters of Microsoft is in Washington D.C., USA.

Govt sets up 18 sectoral groups for smooth GST rollout

i. The government has set up 18 sectoral groups, comprising senior members from the Centre and the States, to ensure the smooth rollout of the Goods and Services Tax.
ii. The 18 groups pertain to sectors such as banking and insurance, textiles, exports, information technology, transport, and oil and gas.

Takeaways from Above News-

• The GST Council is headed by Finance Minister Arun Jaitley.

IOC approves new events for 2020 Tokyo Game

i. The International Olympic Committee has approved new events for the 2020 Tokyo Games, including a number of mixed gender competitions. The IOC’s Executive Board made the decision at a meeting in Lausanne, Switzerland. The choices reflect the IOC’s focus on gender equality and appeal to young people.

ii. The additions include a mixed team event for judo. Table Tennis will also get a mixed doubles competition. The event was featured in the recent world championships in Germany. Three-on-three basketball is an example of the IOC’s focus on youth and urban sports.

Static Takeaways-

• 2018 Olympic Winter Games will be held in PyeongChang.
• International Olympic Committee headquarters in Lausanne, Switzerland.

Eminent rights activist Mehrunnisa Dalwai passes away

i. Mehrunnisa Dalwai, a noted social activist and author, and the wife of one of modern Maharashtra’s most remarkable and formidable social reformers, Hamid Dalwai, passed away. She was 87.

ii. Her autobiography, "Mi Bharun Pawle" is considered an inspirational piece for progressive movement.