Daily GK Update 20th June 2017

1. Afghan President inaugurates first Afghanistan-India air corridor 

i. Afghan President Ashraf Ghani inaugurated the first Afghanistan-India air corridor at the Kabul International Airport. The corridor is a direct route that will bypass Pakistan and is meant to improve commerce in Afghanistan.

ii. The aim of the route is to create more opportunities and make Afghanistan an exporter country. Afghan agricultural products will for the first time head to India on cargo planes.

Static Takeaways-

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

2. 114-year-old Taj Palace of Mumbai becomes first Indian building to get trademark 

i. The iconic Taj Mahal Palace Hotel in the Mumbai City has acquired an 'image trademark', making it the first building in the country to get intellectual property rights protection for its architectural design. 

ii. With this, it had joined the elite and small club of trademarked properties in the world which includes the Empire State Building in New York, the Eiffel Tower in Paris and Sydney Opera House.

Important Takeaways-

• Taj Palace is located in Mumbai, Maharashtra.
• It first commenced operations in the year 1903.
• It is owned by Indian Hotels Company Limited(IHCL), which was incorporated by the founder of the Tata Group, Jamsetji Tata.

3. Dr. Harshvardhan Launches Mobile App “Celebrating Yoga” 

i. Minister for Science & Technology Dr. Harshvardhan launched a Mobile App “Celebrating Yoga” developed by Ministry of Science & Technology in New Delhi. 

ii. The Mobile App has been developed by DST on the occasion of International  Yoga Day (21 June) 2017. The purpose of the App is to popularize Yoga and encourage people to participate in it for a scientifically healthy living.

Important Takeaways-

• International Yoga Day is Celebrated across the world on 21st June.

4. Shri Piyush Goyal Launches Energy Conservation Building Code 2017 

i. Shri Piyush Goyal, Minister of State (IC) for Power, Coal, New and Renewable Energy and Mines launched the Energy Conservation Building Code 2017 (ECBC 2017). Developed by Ministry of Power and Bureau of Energy Efficiency (BEE), ECBC 2017 prescribes the energy performance standards for new commercial buildings to be constructed across India.

ii. The updated version of ECBC provides current as well as futuristic advancements in building technology to further reduce building energy consumption and promote low-carbon growth.

Important Takeaways-

• Bureau of Energy Efficiency is an agency of the Government of India, under the Ministry of Power.
• Headquarters of BEE is located in New Delhi.

5. Lockheed Martin signs pact with Tata to make F-16 planes in India 

i. The defense arm of the Tata Group has signed an agreement with American firm Lockheed Martin to produce and export new generation F-16 fighter aircraft, potentially kick-starting a mega ‘Make in India’ project.

ii. The agreement has been signed at the Paris Airshow, Lockheed to produce F-16 fighter planes in India. It is the newest and most advanced version of the world’s most successful, combat-proven multi-role fighter.

Important Takeaways-

• TATA Advanced Systems is the defense arm of TATA.
• S Ramadorai is the Chairman of TATA Advanced Systems.
• Sukaran Singh is the CEO & Managing Director of TATA Advanced Systems.

6. Bihar Governor Ram Nath Kovind resigns 

i. Bihar Governor Ram Nath Kovind has resigned from his gubernatorial post. The resignation follows his nomination as the ruling NDA’s presidential candidate. President Pranab Mukherjee has accepted the resignation of Kovind as the Governor of Bihar.

ii. West Bengal Governor Keshari Nath Tripathi will discharge the functions of the Governor of Bihar, in addition to his own duties.

Important Takeaways-

• Rajendra Prasad was the first President of India.
• Pranab Mukherjee is the 13th President of India.

7. World Refugee Day: 20 June

i. The World Refugee Day is observed across the world on 20 June to commemorate the strength, courage, and perseverance of millions of refugees. The day is celebrated by United Nations.

Important Takeaways-

• 9th Secretary-General of United Nations is Antonio Guterres
• The headquarter of UN is in New York City, USA.

8. Mangalyaan completes 1000 Earth days in its orbit

i. Indian Mars Orbiter Mission (MOM) also called Mangalyaan completes 1000 Earth days in its orbit on 19th June 2017. The interplanetary mission of ISRO was launched on 5th November 2013.

ii.  It was inserted into Martian orbit on 24th September 2014 in its first attempt.

Important Takeaways-

• The Operator of the MOM is Indian Space Research Organisation (ISRO)
• PSLV-C25 launched Mars Orbiter Mission Spacecraft from the First Launch Pad at Satish Dhawan Space Centre SHAR, Sriharikota.
• ISRO was founded in 1969.
• A S Kiran Kumar is the present chairman of ISRO.

9. BankBazaar.com opens office in Malaysia

i. Online financial services marketplace BankBazaar has begun its operations in Malaysia to strengthen its presence in South East Asia.

ii. Further, to scale and steer its international operations, BankBazaar has appointed former Visa employee Vipin Kalra to lead the business growth internationally.

Important Takeaways-

• Co-founder and CEO of BankBazaar.com is Adhil Shetty.
• The Capital of Malaysia is Kuala Lumpur.
• The Currency of Malaysia is Malaysian ringgit.

10. India becomes 71st country to ratify UN International Convention on Road Transports

i. India has become the 71st country to ratify the United Nations International Convention on Road Transports, TIR. The Convention is a multilateral treaty to boost International Transport of Goods. TIR is managed and developed by IRU - the world road transport organization.

ii. The TIR Convention is part of India's multi-modal transport strategy that aims to integrate the economy with global and regional production networks through better connectivity. TIR will help India to integrate with Myanmar and Thailand as well as Bangladesh, Bhutan, and Nepal.

Important Takeaways-

• IRU was founded in 1948 in Geneva, Switzerland.

11. IDBI initiated insolvency proceeding against Lanco, first among 12 accounts identified by RBI

i. IDBI Bank has started insolvency resolution process against Lanco Infratech Ltd. following a directive from the Reserve Bank of India (RBI). While this is the first resolution process initiated by the lenders against 12 large borrowers identified by the RBI recently.

ii. The other accounts identified by RBI include Essar Steel, Bhushan Steel, Electrosteel Steel, Alok Industries, Jyoti Structures, Monnet Ispat and Jaypee Associates.

Banking Takeaways-

• Headquarters of IDBI bank is in Mumbai, Maharashtra.
• Industrial Development Bank of India is the full form of IDBI.
• CEO of IDBI Bank is Mahesh Kumar Jain.

12. Indian Wushu Team bags six medals in BRICS Games

i. India won six medals in the Wushu competition of the first ever BRICS Games, which concluded in Guangzhou, China recently. The medals haul comprised two each in gold, silver, and bronze.

ii. It featured some 300 athletes from five countries- Brazil, China, India, Russia and South Africa (BRICS Nations) with 10 events in 3 sports – men’s basketball, women’s volleyball, and Wushu.

iii. China will host the 9th BRICS summit in September 2017.

Important Takeaways-

• Brazil, Russia, India, China, and South Africa are the five-member Nations of BRICS.
• It was established in 2009.

13. Predhiman Krishan Kaw, father of India’s nuclear fusion passes away

i. The father of India's nuclear fusion reactor research program, Padma Shri Prof Predhiman Krishan Kaw, passed away.

ii. He was the founder director of Institute for Plasma Research (IPR), Gandhinagar.

SSC Recruitment 2017

SSC Recruitment 2017 – Apply Online for Stenographer Grade C & D Exam: Staff Selection Commission (SSC) has announced a notification to conduct Stenographer Grade C & D Examination 2017 for the recruitment of Stenographer vacancies. Eligible candidates may apply online from 17-06-2017 to 15-07-2017 up to 05:00 P.M. Other details like age limit, educational qualification, selection process, application fee & how to apply are given below…

SSC Vacancy Details:
Name of the Exam: Stenographer Grade C & D Examination 2017
Name of the Post: Stenographer

Age Limit: Candidates age should be 18-27 years as on 01-08-2017. Age relaxation is applicable as per rules.

Educational Qualification: Candidates should have passed 12th Standard or equivalent from a recognized Board or University.

Selection Process: Candidates will be selected based on computer based written exam & skill test in stenography.

Application Fee: Candidates should pay Rs. 100/- through SBI Challan/ SBI Net banking or through credit/ debit cards of any bank. No fee for Women, SC, ST, PWD and Ex Servicemen candidates.

How to Apply: Eligible candidates may apply online through the website www.ssconlie.nic.in from 17-06-2017 to 15-07-2017 up to 05:00 P.M.

Instructions to Apply Online:
1. Candidates log on the website www.ssconlie.nic.in
2. Click on Apply & Select the desired post
3. Again Click on Apply Link
4. Fill the form in 2 Parts (Part-I Registration, Part-II Registration).
5. In Part I Registration, Candidates have to fill basic information carefully.
6. After filling the Part-I, If there is no need to make any corrections then Click on “I agree” button. Thereafter no correction/ modification etc will be allowed.
7. Registration No will be generated, Note down the registration number or take out the print out of the page.
8. In Part II registration candidates have to enter the payment details, upload the photograph & scanned signature.
9. Those who are exempted from payment of fee can skip that entering those fields.
10. Fill all the details carefully & Submit the form.
11. Now take printout of online application for future use.

Important Dates:

Start Date to Apply Online	17-06-2017
Last Date to Apply Online	15-07-2017
Date for Payment of Fee	18-07-2017
Date of Computer Based Examination	From 04-09-2017 to 07-09-2017

For more details like reservation, exam center, syllabus, Permissible disability for PH candidates, relaxation details, scheme of examination & other information click on the link given below…

SSC Recruitment 2017	More Information
Recruitment Advt	Get Details
Apply Online	Get Details
Eligibility Criteria	Get Details
Selection Process	Get Details
Syllabus	Get Details
Exam Pattern	Get Details

Read more: SSC Recruitment 2017 - Apply Online for Stenographer, CGL, SI & Other Posts

NABARD Recruitment 2017

NABARD Recruitment 2017 – Apply Online for 91 Assistant Manager Posts: National Bank for Agriculture and Rural Development (NABARD) has advertised a notification for the recruitment of 91 Assistant Manager in Grade ‘A’ vacancies for different disciplines in the Rural Development Banking Service (RDBS). Eligible candidates can apply online from 19-06-2017 to 10-07-2017. Other details like age limit, educational qualification, selection process, application fee & how to apply
are given below…

NABARD Vacancy Details:
Total No.of Posts: 91
Name of the Post: Assistant Manager in Grade ‘A’
Name of the Discipline:
a. General: 46 Posts
b. Economics: 05
c.Agriculture: 06
d. Agriculture Engineering: 02
e. Plantation and Horticulture: 04
f. Animal Husbandry: 05
g. Fisheries: 03
h. Food Processing: 03
i. Forestry: 03
j. Environmental Engineering: 03
k. Water Resource Development & Management: 04
l. Social Work: 02
m. Chartered Accountant: 03
n. Company Secretary: 02

Age Limit: Candidates age should be in between 21 to 30 years as on 01-06-2017, i.e., (the candidate must have been born not earlier than 02-06-1987 and not later than 01-06-1996). Age relaxation is admissible for SC/ ST/ OBC/ PWD category
candidates as per GOI instructions.

Educational Qualification: Candidates should possess Bachelor’s Degree in any subject from a recognized University with a minimum of 50% marks (SC/ ST/ PWD applicants 45%) in aggregate or Post Graduation Degree with a minimum of 50% marks (SC/ ST/ PWD applicants 45%) in aggregate or Ph.D for S.No-a, Bachelor’s Degree with Economics with 50% marks (SC/ ST/ PWD applicants -45%) in aggregate or Post Graduation Degree in Economics/ Agriculture Economics with a minimum of 50% marks (SC/ ST/ PWD applicants-45%) in aggregate from a recognized university for S.No-b, Bachelor’s Degree in Agriculture from any recognized University with a minimum of 50% marks (SC/ ST/ PWD applicants – 45%) in aggregate or Post Graduation Degree in Agriculture with a minimum of 50% marks (SC/ ST/ PWD applicants 45%) in aggregate for S.No-c, Bachelor’s Degree in Agricultural Engineering with 50% marks in aggregate from a recognized University or having PG degree in Agricultural Engineering with 50% marks in aggregate after Bachelor’s Degree in any engineering discipline for S.No-d, Bachelor’s Degree in Horticulture from any recognized University with a minimum of 50% marks (SC applicants 45%) in aggregate or Post Graduation Degree in Horticulture with a minimum of 50% marks (SC applicants 45%) in aggregate for S.No-e Posts with adequate experience.For more information refer the notification.

Selection Process: Candidates will be selected based on Preliminary Examination, Main Examination & Interview.

Application Fee: Applicants required to pay Rs.800/- (Application Fee -Rs.650/- + Intimation charges Rs.150/-) for all others, Rs.150/- (Intimation charges) for SC/ ST/ PWD candidates through payment gateway by using only Master/ Visa/ Rupay Debit or Credit Cards or Internet Banking, IMPS, Cash cards/Mobile Wallets. Staff exempted from the payment.

How to Apply: Eligible candidates can apply online through the website www.nabard.org from 19-06-2017 to 10-07-2017.

Instructions to Apply Online:
1. Before applying online applicants should have valid log in credentials & scanned copies of photograph & signature.
2. Log in through the website www.nabard.org.
3. Go to “Working with Us” & Click on “Career Notices”.
4. Select the desired post & Click on “Click here to Apply”.
5. Fill all the details carefully & submit the Form
6. Take printout of online application for future use.

Important Dates:

Starting Date for Apply Online & Fee Payment	19-06-2017
Last Date to Apply Online & Fee Payment	10-07-2017
Last Date for editing of Application	10-07-2017
Last Date for Printing of Application	25-07-2017
Tentative Date for Phase I (Preliminary) – Online Examination	August 2017

For more details like salary, job description, remuneration & other information click on the link given below….

NABARD Recruitment 2017	More Information
Recruitment Advt	Get Details
Online Application	Apply Online
FAQ’s	Get Details
How to Apply	Get Details

Read more: NABARD Recruitment 2017 – Apply Online for 108 Asst Manager & Manager Posts 

Ahmednagar District Central Cooperative Bank Recruitment 2017

Ahmednagar District Central Cooperative Bank Recruitment 2017 – Apply Online for 156 Officer & Clerical Posts: The Ahmednagar District Central Cooperative Bank Ltd., Ahmednagar has announced notification for the recruitment of 156 Grade I Officer, Grade II Officer, Junior Officer & Clerical vacancies. Eligible candidates can apply online from 10-06-2017 to 30-06-2017. Other details like age limit, educational qualification, selection process, exam fee & how to apply are given below…

Ahmednagar District Central Cooperative Bank Vacancy Details:
Total No.of Posts: 156
Name of the Post:
1. Grade I Officer: 05 posts
2. Grade II Officer: 23 posts
3. Junior Officer: 76 posts
4. Clerical: 52 posts

Age Limit: Candidates age should be minimum 21 years & maximum 38 years for Open category, 43 years for Other categories as on 10-06-2017.

Educational Qualification: Candidates should possess PG in any branch/ Degree & 05 years experience as Banking Regional Officer for Post No.1 & 2, Degree in any branch for Post No.3 & 4.

Selection Process: Selection will be based on Written test & Interview.

Exam Fee: Candidates have to pay Rs.850/- (Rs.800/- for Reserved categories) for Post No.1, Rs. 800/- (Rs.750/- for Reserved categories) for Post No.2, Rs.750/- (Rs.700/- for Reserved categories) for Post No.3, Rs.700/- (Rs.650/- for Reserved categories) for Post No.4 through Challan drawn in favour of The Ahmedanagar District Central Cooperative Bank in any branch. Ex-Serviceman candidates are exempted from Fee.

How to Apply: Eligible candidates can apply online through the website www.adccbanknagar.org OR www.ahmednagardccbexam.com from 10-06-2017 to 30-06-2017.

Instructions to Apply Online:
1. Log on to the website www.adccbanknagar.org OR www.ahmednagardccbexam.com
2. Click on “Apply Online” & Enter the login details.
3. Complete the Registration if he/ she would be New User.
4. Fill the application form with all the details.
5. After filling relevant data, submit the application form.
6. Take printout of the application form for further purpose.

Important Dates:
Starting Date to Apply Online: 10-06-2017.
Last Date to Apply Online: 30-06-2017.
Last Date for Payment of Fee: From 13-06-2017 to 04-07-2017.

For more details like pay scale, age limit, general conditions & other information click on the link given below…

Click here for Recruitment Advt

Click here for Online Registration & Other details

Read more: Ahmednagar District Central Cooperative Bank Recruitment 2017 – Apply Online for 156 Officer & Clerical Posts

QUIZ-20+

Q1. The government of India has recently set up a high-level task force to compute timely data on employment in the country, a move that will go a long way to help government frame policies and take steps that can create jobs in the country. The task force has been created under the chairmanship of _____________.
Answer: Arvind Panagariya

Q2. Markets regulator Stock Exchange board of India (SEBI) allowed investors to buy mutual fund schemes for up to _____________ through digital wallets.
Answer: Rs 50,000

Q3. India achieved a major technological breakthrough by successfully carrying out nuclear tests at Pokhran, Rajasthan. Technology Development Board, Ministry of Science and Technology has celebrated National Technology Day on _____________.
Answer: 11th May

Q4. Lake Baikal, the world’s oldest and deepest freshwater lake is situated in which country?
Answer: Russia

Q5. Who is the present Chairman of Dena Bank?
Answer: Ashwani Kumar

Q6. Name the company that has recently became the first US Company to top the $800 billion mark in market capitalization slightly more than two years after it crossed the $700 billion thresholds.
Answer: Apple Inc.

Q7. Name the Retd. Justice of India who was recently elected as the head of International Federation of Association Football governance committee at the 67th Congress in Bahrain.
Answer: Mukul Mudgal

Q8. Union Minister of Road Transport and Highways Nitin Gadkari launched the National Highways Authority of India (NHAI) Masala Bond at _______________.
Answer: London Stock Exchange, UK

Q9. In 2017, United Nations International Day of Vesak will be hosted by Sri Lanka under the theme-
Answer: Buddhist Teachings for Social Justice and Sustainable World Peace

Q10. Which city has been named as the world’s most affordable tech city in the new Savills Tech Cities Index 2017?
Answer: Bengaluru

Q11. The Election Commission of India has added feather to its cap with the launch of National Contact Centre with a toll-free No. Who is the current Chief Election Commissioner of India?
Answer: Nasim Zaidi

Q12. Name the state that has become first state to introduce a logo for identifying vehicles driven by persons with hearing impairment.
Answer: Telangana

Q13. Which state will host biggest ever International Yoga Day event on the 21st of June?
Answer: Gujarat

Q14. Name the current joint secretary in the Prime Minister’s Office who has been appointed as the next ambassador to France.
Answer: Vinay Mohan Kwatra

Q15. Name the famous actor who has been appointed by the World Health Organization as its Goodwill Ambassador for Hepatitis in South-East Asia Region to spread awareness about the disease.
Answer: Amitabh Bachchan

QUIZ-20+

Q1. Name the 38-year-old Indian-origin doctor who has scripted history by becoming Ireland’s youngest Prime Minister.

(a) Emmanuel Macron

(b) Edouard Philippe

(c) Leo Varadkar

(d) Martin McGuinness

(e) Mark Durkan

S1. Ans.(c)
Sol. Leo Varadkar, a 38-year-old Indian-origin doctor, scripted history by becoming Ireland’s youngest and the first openly gay Prime Minister of the Catholic-majority country.

Q2. The World Bank has approved financing worth more than 500 million dollars for Afghanistan to support a string of projects to boost the economy. Who is the present President of World Bank?

(a) Jim Yong Kim

(b) Takehiko Nakao

(c) Ban ki Moon

(d) Kristalina Georgieva

(e) Joaquim Levy

S2. Ans.(a)
Sol. The World Bank has approved financing worth more than 500 million dollars for Afghanistan to support a string of projects to boost the economy, help improve service delivery in five cities and support Afghan refugees sent back from Pakistan. Jim Yong Kim is the President of World Bank and its headquarters is in Washington, D.C, USA.

Q3. India and Australia have started second Maritime Joint Exercise together. It is named as ___________.

(a) Shaurya-II

(b) EXAUSIND- II

(c) Parakram- II

(d) AUSINDEX 17

(e) Bhootal 17

S3. Ans.(d)
Sol. Indian warships began a week-long naval exercise off the coast of Western Australia. The second AUSINDEX exercises are aimed at increasing interoperability between Australian and Indian naval forces, executing complex naval manoeuvres.

Q4. Railway Ministry has recently launched a Mission named _____________ to enhance the passenger experience.

(a) Mission Naveenikaran

(b) Mission Retro-Fitment

(c) Mission Train-Fittings

(d) Mission Coach-Fitment

(e) Mission Train-Fitment

S4. Ans.(b)
Sol. To enhance the passenger's experience by upgrading existing fleet of coaches with better furnishing, aesthetics & amenities and better safetyfeatures with a view to provide a safe and comfortable travel, Minister of Railways Shri Suresh Prabhu has launched MISSION RETRO-FITMENT in Rail Bhavan, New Delhi.

Q5. The Cabinet has recently approved a scheme called ISS for farmers for the year 2017-18 that will help farmers getting short term crop loan up to Rs. 3 lakh payable within one year at only 4% per annum. ISS is abbreviated as ____________.

(a) Interest Summation Scheme

(b) Interest Submerged Scheme

(c) Interest Subvention Scheme

(d) Interest Submissive Scheme

(e) Interest Submission Scheme

S5. Ans.(c)
Sol. The Cabinet has approved the Interest Subvention Scheme (ISS) for farmers for the year 2017-18. This will help farmers getting short term crop loan up to Rs. 3 lakh payable within one year at only 4% per annum.  The Government has earmarked a sum of Rs. 20,339 crore for this purpose.

Q6. According to the Code Compliance Rating of banks done by the Banking Codes and Standards Board of India (BCSBI) 2017, name the only one bank out of 26 public sector banks which has got ‘high’ rating for their adherence to code compliance.

(a) SBI

(b) Allahabad Bank

(c) Union Bank of India

(d) UCO Bank

(e) IDBI Bank

S6. Ans.(e)
Sol. According to the Code Compliance Rating of banks done by the Banking Codes and Standards Board of India (BCSBI) 2017, only one (IDBI Bank) out of 26 public sector banks and eight out of 17 private sector banks got ‘high’ rating for their adherence to code compliance.

Q7. The central government has signed an MoU between India and Armenia on cooperation on youth matters. What is the capital of Armenia? 

(a) Kapan

(b) Goris

(c) Suva

(d) Yereva

(e) Cuba

S7. Ans.(d)
Sol. The central government has signed an MoU between India and Armenia on cooperation on youth matters. Yerevan is the capital of Armenia.

Q8. Name the person who has been named as India’s Ambassador to Belgium and the European Union.

(a) Anil Wadhwa

(b) Gaitri Issar Kumar

(c) Reenat Sandhu

(d) Ajit Vinayak Gupte

(e) Rajeev Shahare

S8. Ans.(b)
Sol. India has announced a number of new diplomatic appointments in its missions abroad, including envoys to the European Union, Italy, Belgium, and Denmark. Gaitri Issar Kumar, joint secretary in the President’s Secretariat, was named as India’s Ambassador to Belgium and the European Union which has its headquarters in the Belgian capital of Brussels.

Q9. Minister of Food Processing Industries Smt Harsimrat Kaur Badal addressed a Joint Press Conference with the organizers of ANUGA - an international business platform for Food Industry to be held in ___________.

(a) Italy

(b) Russia

(c) France

(d) Germany

(e) Canada

S9. Ans.(d)
Sol. Minister of Food Processing Industries Smt. Harsimrat Kaur Badal addressed a Joint Press Conference with the organisers of ANUGA - an international business platform for Food Industry to be held in Cologne, Germany.

Q10. The Defence Research and Development Organization (DRDO) has successfully test fired the missile named “Nag” in a desert in Rajasthan’s western sector. 

(a) Surface to Surface Missile

(b) Air to Air Missile

(c) Anti-tank Missile

(d) Anti-Submarine Missile

(e) Surface to Air Missile

S10. Ans.(c)
Sol. The Defence Research and Development Organisation (DRDO) has successfully test fired the anti-tank missile “Nag” in a desert in Rajasthan’s western sector.

Banking Awareness,

Q1. Softbank has made its biggest investment in an Indian digital enterprise by sealing a funding round of Rs 9,000 crore ($1.4 billion) in mobile payments provider Paytm. Softbank is based in-
(a) Austria
(b) Japan
(c) Hong Kong
(d) China
(e) Russia
S1. Ans.(b)
Sol. Softbank has made its biggest investment in an Indian digital enterprise by sealing a funding round of Rs 9,000 crore ($1.4 billion) in mobile payments provider Paytm.The Japanese internet and telecom conglomerate will now own about a fifth of the Noida-based company estimated to be worth $8 billion, making it the country’s second most valuable startup. This is the largest fund infusion by a single investor in an Indian start-up and also Softbank's largest investment in a single company in India.

Q2. Which among the following banks has entered into a Memorandum of Understanding (MoU) with Life Insurance Corporation (LIC) of India for selling life insurance products of LIC?
(a) Kotak Mahindra Bank
(b) Axis Bank
(c) ICICI Bank
(d) State Bank of India
(e) Karnataka Bank
S2. Ans.(e)
Sol. Karnataka Bank Ltd has entered into a Memorandum of Understanding (MoU) with Life Insurance Corporation (LIC) of India for selling life insurance products of LIC.

Q3. HDFC Life has announced the launch of an artificial intelligence-based application 'SPOK' that can automatically read, understand, categorise, prioritise and respond to customer emails sent to the private insurer. Where is the corporate office of HDFC life?
(a) Nainital
(b) Jaipur
(c) Mumbai
(d) New Delhi
(e) Ahmedabad
S3. Ans.(c)
Sol. HDFC Life has announced the launch of an artificial intelligence-based application 'SPOK' that can automatically read, understand, categorise, prioritise and respond to customer emails sent to the private insurer. Mumbai is the corporate office of HDFC life.

Q4. Which bank has launched a new trading platform called “Selfie” for customers in association with Geojit?
(a) Federal Bank
(b) IDFC Bank
(c) Kotak Mahindra Bank
(d) HDFC Bank
(e) ICICI Bank
S4. Ans.(a)
Sol. Federal Bank, in association with Geojit, has launched a new trading platform called “Selfie” for customers. Designed and managed by Geojit, the trading platform will give its users absolute control over their investments with timely research inputs to make sound investment decisions.

Q5. _____________ and IFFCO rolled out their first set of co-branded debit cards for farmers as part of a novel initiative to push digitalisation and cashless economy.
(a) SIDBI
(b) SBI
(c) PNB
(d) BOB
(e) NABARD
S5. Ans.(d)
Sol. Bank of Baroda (BOB) and IFFCO has rolled out their first set of co-branded debit cards for farmers as part of a novel initiative to push digitalisation and cashless economy. Both the organisations in February 2017 entered into a memorandum of understanding (MoU) in this regard. The co-branded debit cards, with inbuilt overdraft of Rs. 2,500 in special savings bank account, could be used for purchase of various agri products at IFFCO sale counters.

Q6. The Employees Provident Fund Organisation (EPFO) has approved hike in investment limit in ETFs to 15% from the existing 10%. What is the meaning of "T" in ETFs?
(a) Traded
(b) Transit
(c) Truncated
(d) Transfer
(e) Total
S6. Ans.(a)
Sol. The Employees Provident Fund Organisation has approved hike in investment limit in exchange traded funds (ETFs) to 15%, from the existing 10%, Union Labour Minister Bandaru Dattatreya stated it. The decision was taken during the meeting of the Central Board of Trustees (CBT). In 2016, the investment was raised to 10%.

Q7. India has signed a loan agreement of 36 million dollars with the World Bank for Himachal Pradesh Public Financial Management Capacity Building Programme. Who is present President of World Bank?
(a) Tedros Adhanom Ghebreyesus
(b) Jim Yong Kim
(c) Takehiko Nakao
(d) Christine Lagarde
(e) Jin Liqun
S7. Ans.(b)
Sol. India has signed a loan agreement of 36 million dollars with the World Bank for Himachal Pradesh Public Financial Management Capacity Building Programme. The project aims to improve the efficiency of public expenditure management and tax administration in Himachal Pradesh. The agreement was signed by Joint Secretary of Department of Economic Affairs Raj Kumar and the Bank's Country Director Junaid Kamal Ahmad. Jim Yong Kim is the President of World Bank and its headquarter is in Washington, D.C, USA.

Q8. Which Bank has entered into a distribution agreement to sell the mutual fund products of HDFC Capital Asset Management Ltd (HDFCAML) during exchanged the memorandum of understanding in Mangaluru, Karnataka?
(a) State Bank of India
(b) Karur Vysya Bank
(c) Karnataka Bank
(d) Kotak Mahindra Bank
(e) ICICI Bank
S8. Ans.(c)
Sol. Karnataka Bank Ltd has entered into a distribution agreement to sell the mutual fund products of HDFC Capital Asset Management Ltd (HDFCAML) during exchanged the memorandum of understanding in Mangaluru, Karnataka. Investment in mutual funds will provide an opportunity to those customers who are uncomfortable about investing directly in stock markets as this tie-up will give HDFCAML an opportunity to expand its base in these centers.

Q9. The Reserve Bank of India will soon put into circulation currency notes in ____________ denomination.
(a) three rupee
(b) four rupee
(c) two rupee
(d) one rupee
(e) ten rupee
S9. Ans.(d)
Sol. The Reserve Bank of India will soon put into circulation currency notes in one rupee denomination. New one rupee notes with predominantly pink-green on obverse and reverse in combination with other colours will be soon put into circulation.The notes bearing the rupee symbol have been printed by the Government of India.

Q10. __________ and the World Bank has announced that they had financed 100 MW of rooftop solar projects worth Rs400 crore in India.
(a) RBI
(b) BOB
(c) ICICI
(d) PNB
(e) SBI
S10. Ans.(e)
Sol. State Bank of India and the World Bank announced that they had 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.

Q11. India's Gross Domestic Product (GDP) grew ___________ year-on-year during the January-March, 2017 period according to government data. 
(a) 6.7 per cent
(b) 6.5 per cent
(c) 6.3 per cent
(d) 6.9 per cent
(e) 6.1 per cent
S11. Ans.(e)
Sol. India's Gross Domestic Product (GDP) grew 6.1 per cent year-on-year during the January-March, 2017 period according to government data. With this, India loses its status of the world's fastest growing economy. China's GDP grew 6.9 per cent during the same quarter. The GDP growth rate for the full year (2016-17) came in at 7.1 per cent in line with official estimate compared to a revised growth figure of 8 per cent in FY16.

Q12. The GST Council has cleared the pending rules, including transition provisions and returns, with all the States agreeing to the July 01st 2017 rollout of the tax. What is the meaning of "S" in GST?
(a) Solutions
(b) Semester
(c) System
(d) Services
(e) Sending
S12. Ans.(d)
Sol. The GST (Goods and Services Tax) Council has cleared the pending rules, including transition provisions and returns, with all the States agreeing to the July 01st 2017 rollout of the tax. Transition rules have been cleared and everybody has agreed for a July 1 rollout,” according to Kerala Finance Minister Thomas Isaac. The GST Council last month fitted over 1,200 goods and 500 services in the tax brackets of 5, 12, 18 and 28 per cent.

Q13. The Reserve Bank of India has initiated PCA for Dena Bank in view of high net non-performing assets and negative return on assets. PCA stands for- 
(a) Prompt Collection Action
(b) Prompt Corrective Agency
(c) Prompt Corrective Action
(d) Prompt Corrective Association
(e) Permanent Corrective Action
S13. 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.

Q14. Which among the following Banks is going to develop as many as 100 digital villages in various States of the country as part of its initiative to promote digital banking among the rural population?
(a) UCO Bank
(b) Vijaya Bank
(c) Corporation Bank
(d) Bank of India
(e) Central Bank of India
S14. Ans.(b)
Sol. Vijaya Bank is going to develop as many as 100 digital villages in various States of the country as part of its initiative to promote digital banking among the rural population.

Q15. Leading bourse National Stock Exchange (NSE) has launched its international exchange in the Gujarat International Finance Tec-City (GIFT City). Where is the corporate office of NSE? 
(a) Mumbai
(b) New Delhi
(c) Bengaluru
(d) Hyderabad
(e) Nagpur
S15. Ans.(a)
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. Mumbai is the corporate office of National Stock Exchange.