Daily GK Update 25th July 2017

1. Arun Jaitley launches Pradhan Mantri Vaya Vandana Yojana pension scheme with 8% fixed rate

i. Finance Minister Arun Jaitley formally launched Pradhan Mantri Vaya Vandana Yojana (PMVVY), a pension scheme exclusively for senior citizens with 8% fixed rate of interest on their savings.

ii. Under this scheme, there will be an assured return of 8 per cent over a tenure of 10 years. It can be purchased offline as well as online through Life Insurance Corporation (LIC) of India which has been given the sole privilege to operate this scheme.

Important Takeaways from Above News-

• Present chairman of LIC is V K Sharma.

2. BoB signs MoU with DGS&D for services to govt’s e-marketplace

i. Bank of Baroda has entered into an agreement with Directorate General of Supplies & Disposal (DGS&D) for extending various banking services to Government e-Marketplace (GeM). 

ii. DGS&D has been mandated to set up GeM, an initiative intended to bring greater transparency and efficiency in public procurements.

Important Takeaways from Above News-

• MD and CEO of Bank of Baroda is P. S. Jayakumar.
• Headquarter of Bank of Baroda is in Vadodara.

3. Karamjyoti Dalal wins bronze medal at World Para Athletics

i. India’s Karamjyoti Dalal has won bronze medal at the World Para Athletics Championships 2017 in the discus-throw. In the women’s F55 category of discus-throw, she managed a throw of 19.02 m.

ii. Earlier, Sundar Singh Gurjar had opened India’s account at the 2017 World Para Athletics Championships by winning gold medal in the men’s javelin throw event. Later, Amit Saroha won silver medal in the club throw event in the F-51 category. 

Important Takeaways from Above News-

• The first IPC Athletics World Championships were held in Berlin, Germany in 1994.

4. Kerala to host literary festival with ‘Tolerance’ as theme

i. Kerala will be hosting the fifth edition of South India Writers Ensemble (SIWE) at Chengannur, a town in Kerala’s coastal Alappuzha district from 24 July 2017.

ii. The core theme of the festival this year is ‘tolerance’. So creative writers, journalists, theatre and film personalities from across the industry will be seen deliberating on the theme at a time when the country as a whole is witnessing raging debates over intolerance.

Important Takeaways from Above News-

• Chief Minister of Kerala is Pinarayi Vijayan.
• Governor of Kerala is Palaniswamy Sathasivam.

5. Sanjay Kothari appointed Secretary to new President

i. Sanjay Kothari, Chairman of Public Enterprises Selection Board, has been appointed as Secretary to President-elect Ram Nath Kovind.

ii. Senior journalist Ashok Malik has been named as Press Secretary to Kovind, by the Department of Personnel and Training (DoPT). Senior Gujarat-cadre forest service officer Bharat Lal will be Joint Secretary to Kovind.

Important Takeaways from Above News-

• Kovind will be sworn in as the 14th president of India on July 25.

6. MEA spokesperson Gopal Baglay appointed Joint Secretary in PMO

i. Senior diplomat and External Affairs Ministry spokesperson Gopal Baglay appointed as Joint Secretary in the Prime Minister’s Office.

ii. Baglay, a 1992 batch Indian Foreign Service Officer. The Appointments Committee of the Cabinet has approved Baglay's appointment to the post for three years.

Important Takeaways from Above News-

• Gopal Baglay has been appointed in place of Vinay Mohan Kwatra, who has been already named as India’s Ambassador to France.

7. Vijay Goel, Nitin Gadkari flag off 10th 'Slum Yuva Daud'

i. Sports Minister Vijay Goel and Road Transport and Highways Minister Nitin Gadkari today flagged off the 10th Slum Yuva Daud at Khichripur in New Delhi. 

ii. The Slum Yuva Daud is a part of the Adopt a Slum campaign of the Sports Ministry and Nehru Yuva Kendra Sangathan. Thousands of youth from Delhi slums participated in the run which started from Lal Bahadur Shastri Hospital, Khichripur and ended at Dr. Bhimrao Ambedkar Stadium, Trilokpuri. 

Important Takeaways from Above News-

• Chief Minister of Delhi is Arvind Kejriwal.

8. Partnership with PNB MetLife to provide insurance cover for borrowers

i. Karnataka Bank, in association with its PNB MetLife, has launched Met Loan and Life Suraksha (MLLS), a single premium plan covering the loan liability of a customer.

ii. The bank has also introduced KBL MLLS, an app for its employees to instantly calculate the insurance cover and premium based on loan liability of the borrowers.

Important Takeaways from Above News-

• MD and CEO of Karnataka Bank Mahabaleshwara M.S.
• Sameer Bansal is the Director of PNB MetLife.

9. SBI and Carlyle to jointly acquire GE Capital's stake in SBI Card

i. State Bank of India (SBI), the Carlyle Group and GE have announced that they have signed definitive agreements, whereby SBI and Carlyle Group will acquire GE Capital's entire stake in SBI Card, the second-largest credit card franchise in India.

ii. SBI Card is operated through two joint venture companies , SBI Cards & Payment Services and GE Capital Business Process Management Services, which issue credit cards and process card transactions in the Indian market. Following the transactions, SBI and Carlyle will own 74 percent and 26 percent respectively in each of the two entities.

Important Takeaways from Above News-

• Chairman of SBI is Arundhati Bhattacharya.
• Headquarter of SBI is in Mumbai.

Reasoning Quiz

Reasoning Quiz

Directions : Study the following information to answer the giv­en 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 input and rearrangement.

(All the numbers are two digits numbers and are ar­ranged as per some logic based on the value of the number.)

Input: win 56 32 93 bat for 46 him 28 11 give chance

Step I: 93 56 32 bat for 46 him 28  11 give chance win

Step II: 11 93 56 32 bat for 46 28 give chance win him

Step III: 56 11 93 32 bat for 46 28 chance win him give

Step IV: 28 56 11 93 32 bat 46 chance win him give for

Step V: 46 28 56 11 93 32 bat win him give for chance

Step VI: 32 46 28 56 11 93 win him give for chance bat

Step VI is the last Step of the arrangement of the above input as the intended arrangement is obtained.

As per the rules followed in the above steps, find out in each of the following questions the ap­propriate steps for the given in­put,

Input for the questions:

Input: fun 89 at the 28 16 base camp 35 53 here 68

(All the numbers given in the arrangement are two digit num­bers.)

1. Which of the following would be the Step II?

(1) 89 fun at 28 16 base camp 35 53 here 68 the

(2) 35 53 28 68 16 89 the here fun camp base at

(3) 16 89 at fun 28 camp base 35 53 68 the here

(4) 53 28 68 16 89 35 the here fun camp base at

(5) None of these

2. Which word/number would be at 7th position from the left in Step IV?

(1) base                

(2) at

(3) 35    

(4) the

(5) 53

3. Which step number would be the following output?

53 28 68 16 89 at 35 the here fun camp base

(1) There will be no such step

(2) III   

(3) II

(4) V     

(5) IV

Direction: Each of the questions below consists of a question and three statements numbered I, II and III given below it.

 You have to decide whether the data provided in the statements are sufficient to answer the question:

4. Who is the daughter in law of B?

I. I is the brother of D. S is the wife of J's nephew.

II. R is the brother of N. T is the son of N. S is the mother of T.

III. B is the wife of D. D is the father of N. D has two children.

(1) Only I and III

(2) All I, II and III are required to answer the question

(3) Only II and III

(4) Questions cannot be answered even with all I, II and III

(5) Only I and II

5. How many students are there in the class?

I. There are more than 22 but less than 36 students in the class.

II. If students of the class are divided into groups each group has exactly 11 students.

III. There are more than 29 but less than 45 students in the class.

(1) Only I and II

(2) Only II and either I or III is required to answer the question

(3) Only II and III

(4) All I, II and III are required to answer the question

(5) All I, II and III are not sufficient to answer the question.

Direction: In these questions, relationship between different elements is shown in the statements. These statements are followed by two conclusions. Mark answer

1) If only conclusion I follows.

2) If only conclusion II follows.

3) If either conclusion I or II follows.

4) If neither conclusion I nor II follows.

5) If both conclusions I and II follow.

6. Statements: 

X > P > Q > R

X = Y

X < Z

Conclusions: 

I. Y > R

II. R > Z

7. Statements: 

P > Q    

S < T

X = Y

X > Z

Conclusions: 

I. S = Q

II. X > Q

8. Statements: 

S < T

T > R

T = W

Conclusions: 

I. R < S

II. S < W

9. Statements: 

X = Y < Z > W

Conclusions: 

I. Z = X

II. Z > X

10.   Statements: 

S > R

Y = X < Z

S < Y

Conclusions: 

I. Y > R

II. R > Z

Solutions ---

It is evident that one word and one number are arranged in each step. The numbers are arranged from the left and the words are arranged from the right. 

In the first step the word which comes last in the dictionary is shifted to the extreme right, while the highest number is shifted to the extreme left. 

In the second step the word which appears at the second last position in dictionary order is moved to the extreme right while the lowest number is shifted to the extreme left position. 

The same procedure is followed to get the final output.

Input: fun 89 at the 28 16 base camp 35 53 here 68

Step I: 89 fun at 28 16 base camp35 53 here 68 the

Step II: 16 89 fun at 28 base camp 35 53 68 the here

Step III: 68 16 89 at 28 base camp 35 53 the here fun

Step IV: 28 68 16 89 at base 35 53 the here fun camp

Step V: 53 28 68 16 89 at 35 the here fun camp base

Step VI: 35 53 28 68 16 89 the here fun camp base at

1.         (5)

2.         (3)

3.         (4)

4.         (3): From statements II and III it is clear that S is the daughter-in-law of B.

B is the mother of N and R.

T is the son of N and S is the mother of T.

So, S is the wife of N.

5.         (1): From statement I and II, there are 33 students in the class.

From statement II and III there may be 33 or 44 students in the class.

6.         (1)

7.         (4)

8.         (4)

9.         (3)

10.     (1)

Reasoning Quiz

Reasoning Quiz

Directions : Study the following information to answer the giv­en 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 input and rearrangement.

(All the numbers are two digits numbers and are ar­ranged as per some logic based on the value of the number.)

Input: win 56 32 93 bat for 46 him 28 11 give chance

Step I: 93 56 32 bat for 46 him 28  11 give chance win

Step II: 11 93 56 32 bat for 46 28 give chance win him

Step III: 56 11 93 32 bat for 46 28 chance win him give

Step IV: 28 56 11 93 32 bat 46 chance win him give for

Step V: 46 28 56 11 93 32 bat win him give for chance

Step VI: 32 46 28 56 11 93 win him give for chance bat

Step VI is the last Step of the arrangement of the above input as the intended arrangement is obtained.

As per the rules followed in the above steps, find out in each of the following questions the ap­propriate steps for the given in­put,

Input for the questions:

Input: fun 89 at the 28 16 base camp 35 53 here 68

(All the numbers given in the arrangement are two digit num­bers.)

1. Which of the following would be the Step II?

(1) 89 fun at 28 16 base camp 35 53 here 68 the

(2) 35 53 28 68 16 89 the here fun camp base at

(3) 16 89 at fun 28 camp base 35 53 68 the here

(4) 53 28 68 16 89 35 the here fun camp base at

(5) None of these

2. Which word/number would be at 7th position from the left in Step IV?

(1) base                

(2) at

(3) 35    

(4) the

(5) 53

3. Which step number would be the following output?

53 28 68 16 89 at 35 the here fun camp base

(1) There will be no such step

(2) III   

(3) II

(4) V     

(5) IV

Direction: Each of the questions below consists of a question and three statements numbered I, II and III given below it. 

You have to decide whether the data provided in the statements are sufficient to answer the question:

4. Who is the daughter in law of B?

I. I is the brother of D. S is the wife of J's nephew.

II. R is the brother of N. T is the son of N. S is the mother of T.

III. B is the wife of D. D is the father of N. D has two children.

(1) Only I and III

(2) All I, II and III are required to answer the question

(3) Only II and III

(4) Questions cannot be answered even with all I, II and III

(5) Only I and II

5. How many students are there in the class?

I. There are more than 22 but less than 36 students in the class.

II. If students of the class are divided into groups each group has exactly 11 students.

III. There are more than 29 but less than 45 students in the class.

(1) Only I and II

(2) Only II and either I or III is required to answer the question

(3) Only II and III

(4) All I, II and III are required to answer the question

(5) All I, II and III are not sufficient to answer the question.

Direction: In these questions, relationship between different elements is shown in the statements. These statements are followed by two conclusions. Mark answer

1) If only conclusion I follows.

2) If only conclusion II follows.

3) If either conclusion I or II follows.

4) If neither conclusion I nor II follows.

5) If both conclusions I and II follow.

6. Statements: 

X > P > Q > R

X = Y

X < Z

Conclusions: 

I. Y > R

II. R > Z

7. Statements: 

P > Q    

S < T

X = Y

X > Z

Conclusions: 

I. S = Q

II. X > Q

8. Statements: 

S < T

T > R

T = W

Conclusions: 

I. R < S

II. S < W

9. Statements: 

X = Y < Z > W

Conclusions: 

I. Z = X

II. Z > X

10.   Statements: 

S > R

Y = X < Z

S < Y

Conclusions: 

I. Y > R

II. R > Z

Solutions ---

It is evident that one word and one number are arranged in each step. The numbers are arranged from the left and the words are arranged from the right.

 In the first step the word which comes last in the dictionary is shifted to the extreme right, while the highest number is shifted to the extreme left. 

In the second step the word which appears at the second last position in dictionary order is moved to the extreme right while the lowest number is shifted to the extreme left position. 

The same procedure is followed to get the final output.

Input: fun 89 at the 28 16 base camp 35 53 here 68

Step I: 89 fun at 28 16 base camp35 53 here 68 the

Step II: 16 89 fun at 28 base camp 35 53 68 the here

Step III: 68 16 89 at 28 base camp 35 53 the here fun

Step IV: 28 68 16 89 at base 35 53 the here fun camp

Step V: 53 28 68 16 89 at 35 the here fun camp base

Step VI: 35 53 28 68 16 89 the here fun camp base at

1.         (5)

2.         (3)

3.         (4)

4.         (3): From statements II and III it is clear that S is the daughter-in-law of B.

B is the mother of N and R.

T is the son of N and S is the mother of T.

So, S is the wife of N.

5.         (1): From statement I and II, there are 33 students in the class.

From statement II and III there may be 33 or 44 students in the class.

6.         (1)

7.         (4)

8.         (4)

9.         (3)

10.     (1)

Reasoning Quiz

Reasoning Quiz

Directions (1-5): Study the following information to answer the given questions: 

In a certain code, 'always create new ideas' is written as 'ba ri sha gi', ‘ideas and new thoughts' 

is written as 'fa gi ma ri', 'create thoughts and insights' is written as `ma jo ba fa' and 'new and better solutions' is written as 'ki ri to fa' 

1. What is the code for 'ideas'? 

(1) sha 

(2) ba 

(3) gi 

(4) ma 

(5) Cannot be determined 

2. What does fa' stand for? 

(1) thoughts 

(2) insights 

(3) new 

(4) and 

(5) solutions 

3. 'fa lo ba' could be a code for which of the following? 

(1) thoughts and action 

(2) create and innovate 

(3) ideas and thoughts 

(4) create new solutions 

(5) always better ideas 

4. What is the code for 'new'? 

(1) ki 

(2) ri 

(3) to 

(4) fa 

(5) ba

5. Which of the following may rep-resent 'insights always better'?

(1) jo ki to 

(2) ki to ri 

(3) sha jo ri 

(4) to sha jo 

(5) sha to ba 

6. What is the code for thoughts'? 

(1) ma 

(2) fa 

(3) ba 

(4) jo 

(5) Either jo or fa

Direction: Each question below consists of some statement followed by four or two conclusion. 

Consider that statement to be true even if they are in variance with the commonly known facts. 

Read all the conclusions and then decide which of the given conclusion logically follows from the given 

statements using all the three statement together.

7. Statement: 

All rings are bangles.

Some bangles are not watches.

All watches are bracelets.

No bracelet is a ring.

Conclusion: 

I. Some bracelets are bangles. 

II. Some rings are watches.

III. No watch is a ring.

IV. Some bracelets are not bangles.

(1) only II and III follows.

(2) only I and II follows.

(3) only III and IV follows

(4) only III follows

(5) None of these

8. Statement: 

Some cat are horses

All horse are peacock

Some rabbits are dogs

All peacock are rabbits.

Conclusion: 

I. Some dogs are horse.

II. Some rabbits are cats.

III. No dog is a horse

IV. Some rabbits are horses

(1) only I, II and IV follows

(2) only II, III and IV follows

(3) only either I or II and III follows

(4) only either I or III and IV follows

(5) only either I or II, III and IV follows.  

9. Statement: 

Some chocolates are candies

Some lollypops are candies

Some candies are biscuits

All biscuits are pastries

Conclusion: 

I. Some pastries are chocolates.

II. Some pastries are lollypops

III. Some lollypops are chocolates

IV. Some biscuits are chocolates.

(1) none follow

(2) only I follows

(3) only II follows

(4) only III follows

(5) only IV follows

10. Statement: 

Some stones are glasses

All glasses are golds

Conclusion: 

I. All glasses which are stones are gold 

II. Some glasses are stones.

(1) only I follows

(2) only II follows

(3) either I or II follows

(4) neither I nor II follows

(5) Both I and II follows

11. Statement: 

Some shirts are jeans

All jeans are blue

Some blue are pant

Conclusion: 

I. Some shirts are pant

II. No shirt is pant

(1) only I follows

(2) either I or II follows

(3) both I and II follows

(4) only II follow

(5) neither I nor II follows

Solutions (15-20):

and – fa

thoughts – ma

new – ri

ideas – gi

create – ba

always – sha

insights – jo

better / solutions – ki / to

1.         (3)

2.         (4)

3.         (2)

4.         (2)

5.         (4)

6.         (1)

Solutions (21-25):

7.         (4):

 8.         (5):

9.         (1):

10.     (5):

11.     (2):