మిత్రులకు భోగి మరియు సంక్రాంతి శుభాకాంక్షలు

మిత్రులకు భోగి మరియు సంక్రాంతి శుభాకాంక్షలు

Current Affairs 07th and 08th January 2018

National News

1. Bilateral Annual Haj 2018 Agreement between India and Saudi Arabia Signed

i. According to the Union Minister for Minority Affairs Mukhtar Abbas Naqvi, Saudi Arabia has given the green signal for India’s decision to revive the option of sending Haj pilgrims through sea route also.

ii. The practice of ferrying Haj pilgrims between Mumbai and Jeddah by waterways was stopped in 1995. For the first time, Muslim women from India will go to Haj without “Mehram” (male companion).

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-

• Saudi Arabia Capital- Riyadh, Currency- Saudi riyal.

2. Indian Navy Signs MoU with Cochin Port Trust

i. The Indian Navy has inked an MoU with the Cochin Port Trust (CPT), Kerala towards leasing of 228 metres of berths at Mattancherry Wharf for a period of five years.
ii. The MoU has been concluded to cater for the futuristic requirements of the Navy with the sizeable increase in its fleet scheduled in the near future. This is the first time such an agreement has been signed between the Navy and CPT.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-

• Cochin Port Trust Chairman- P.Raveendran.
• Admiral Sunil Lanba is the present Chairman of Indian Navy.

3. Haryana Becomes First State to Launch High-Risk Pregnancy Portal

i. Haryana has become the first state in the country to launch High-Risk Pregnancy (HRP) Portal. This portal not only helps in early identification of high-risk pregnant cases up to the grass-roots level but also ensures their timely referral to the civil hospitals for further management and delivery by specialists.

ii. This innovative web application has been designed to track every high-risk pregnant woman till 42 days after delivery.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-

• Haryana CM- Manohar Lal Khattar, Governor- Kaptan Singh Solanki.

4. India’s Second FTII to be Set up in Arunachal Pradesh

i. Minister of State (I/C) of the Ministry of Development of North Eastern Region Jitendra Singh announced that Arunachal Pradesh would get its first Film and Television Institute, being set up by the Union Government.

ii. This would be the second such one in the country. The first Film and Television Institute of India (FTII) was set up in Pune.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-

• FTII Pune Established in - 1960, Current Chairman - Anupam Kher.
• FTII is an autonomous institute operating under the Information and Broadcasting Ministry.

Awards

5. Golden Globe Awards 2018: The Complete List of Winners

The 75th Golden Globe Award ceremony was held in Los Angeles, the USA.  “Three Billboards Outside Ebbing, Missouri” dominated the 2018 Golden Globes, taking home four statues, including best drama, best screenplay, and acting awards for Frances McDormand and Sam Rockwell in the drama category. Seth Meyers hosted the star-studded show.

Here is the Complete List of Winners of Golden Globe Awards 2018-

1. Best motion picture, drama: Three Billboards Outside Ebbing, Missouri.

2. Best motion picture, musical or comedy: Lady Bird.

3. Best director, motion picture: Guillermo del Toro, “The Shape of Water”.

4. Best performance by an actress in a motion picture, drama: Frances McDormand.

5. Best performance by an actor in a motion picture, drama: Gary Oldman.

6. Best performance by an actress in a motion picture, musical or comedy: Saoirse Ronan.

7. Best performance by an actor in a motion picture, musical or comedy: James Franco.

8. Best motion picture, animated: Coco

9. Best motion picture, foreign language: In the Fade

10. Best television series, drama: The Handmaid’s Tale, Hulu

11. Best performance by an actress in a television series, drama: Elisabeth Moss.

12. Best performance by an actor in a television series, drama: Sterling K. Brown.

Banking/ Economy/ Business News

6. All You Need to Know About New Rs10 Banknote in Mahatma Gandhi Series

i. The Reserve Bank of India has announced to issue Rs10 denomination banknotes in the Mahatma Gandhi (New) Series. The new denomination has the motif of Sun Temple, Konark on the reverse, depicting the country's cultural heritage.
ii. The base colour of the note is Chocolate Brown. The dimension of the banknote will be 63 mm x 123 mm.

Read The Complete Article Here

Sports News

7. Philippe Coutinho Joins Barcelona, Becomes 2nd Most Expensive Transfer in World Soccer History

i. Team Liverpool sold Brazilian football player Philippe Coutinho to Team Barcelona for 160 million Euros ($192 million). With this, transfer of Philippe Coutinho has become the 2nd Most Expensive transfer in World Soccer History.

ii. World’s most expensive transfer is Brazilian football player Neymar’s transfer from Barcelona to Paris Saint Germain team in 200 million pounds in 2017.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-

• FC Barcelona President - Josep Maria Bartomeu
• Based in - Barcelona, Spain.

8. Gilles Simon Wins Inaugural Tata Open Title 

i. Gilles Simon of France has lifted the inaugural Tata Open Maharashtra Tennis trophy.
ii. In the summit clash in Pune, the unseeded French player defeated second-seeded Kevin Anderson in straight sets.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-

• Maharashtra Capital- Mumbai, CM- Devendra Fadnavis, Governor- Chennamaneni Vidyasagar Rao.
• Simon is ranked 89 in the world, while Anderson is ranked Fourteen.

9. Federer-Bencic Lead Switzerland to Hopman Cup Title

i. Switzerland won their third Hopman Cup as Roger Federer and Belinda Bencic beat Germany's Alexander Zverev and Angelique Kerber in the deciding mixed doubles to secure a 2-1 victory in the final at the Perth Arena.

ii. It was Federer's second Hopman Cup triumph after victory in 2001 alongside then world number one Martina Hingis.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-

• The capital of Switzerland is Bern.
• The Association of Tennis Professionals was formed in September 1972.

10. Sports Minister Rathore Launches 'Khelo India' Logo

i. The vibrant Khelo India logo, reflecting the freshness, agility and vitality of New India was launched at a ceremony by the Union Minister of  State ( I/C) Youth Affairs and Sports Rajyavardhan Rathore in New Delhi.

ii. The logo also conveys an impression of fitness and competitiveness. The three-stroke Khelo India logo, designed by Ogilvy India, has in-built modularity, allowing plenty of adaptability and flexibility into endless pictorial forms.

11. Elina Svitolina Wins Brisbane International

i. Elina Svitolina secured her first WTA title in Australia with a straight-sets victory in the Brisbane International final. Svitolina beat Belarusian qualifier Aliaksandra Sasnovich.

ii. Nick Kyrgios moved a step closer to claiming his first ATP title on home soil with a semifinal win over defending champion, Grigor Dimitrov. He will face American Ryan Harrison in finals.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-

• Elina Mykhaylivna Svitolina is a Ukrainian professional tennis player. 
• The Association of Tennis Professionals was formed in September 1972.

Obituaries

12. NASA's Astronaut John Young Passes Away

i. Legendary astronaut John Young, who walked on the Moon and later commanded the first space shuttle flight, has died at 87.

ii. Young was the only agency astronaut to go into space as part of the Gemini, Apollo and space shuttle programs and the first to fly into space six times. He was the ninth man to walk on the Moon.

Daily GK Update November

1. Important Cabinet Approvals- 01st November 2017

i. The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given the following set of approvals. The full list of Cabinet Approvals is given as follows.

ii. The Cabinet has approved-

1. Trade Agreement between India and Ethiopia for strengthening and promoting trade and economic cooperation.

2. Signing an Agreement between India and Armenia on cooperation and mutual assistance in customs matters.

3. Amendment in the National Council for Teacher Education Act, 1993- The amendment seeks to grant retrospective recognition to the Central/State/Union Territory funded Institutions/Universities conducting Teacher Education Courses without NCTE recognition till the academic year 2017-2018.

4. Ongoing Centrally Sponsored Scheme (State Plans) - Rashtriya Krishi Vikas Yojana (RKVY) as Rashtriya Krishi Vikas Yojana- Remunerative Approaches for Agriculture and Allied sector Rejuvenation (RKVY-RAFTAAR) for three years i.e. 2017-18 to 2019-20.

5. Special Banking Arrangement (SBA) for payment of outstanding subsidy to fertilizer companies during 2016-17.

2. India Makes it to Top 100 in ‘ease of doing business’: World Bank

i. India broke into the top 100 in the World Bank’s Ease of Doing Business rankings, notching up the biggest improvement among all countries on the back of big gains on a number of measures.

ii. The rise to the 100th position from 130 last year made India one of the top 10 best-improved countries and rounded off a day of good news on the economic front for the government. The World Bank’s ‘Doing Business 2018 — Reforming to Create Jobs’ report ranks 190 countries on the basis of a combined score on 10 parameters.

Important Takeaways from Above News for RRB PO Mains Exam-

• Jim Yong Kim is the President of World Bank.
• The World Bank headquarters in Washington, D.C., United States.

3. India Tops List of New Tuberculosis Cases in 2016: WHO

i. India topped the list of seven countries, accounting for 64 percent of the 10.4 million new tuberculosis (TB) cases worldwide in 2016, according to a new report by the World Health Organisation.

ii. India was followed by Indonesia, China, Philippines, Pakistan, Nigeria and South Africa, according to a Global TB Report 2017 released by the WHO. An estimated 1.7 million people died from TB in 2016. Also, India along with China and the Russia accounted for almost of half of the 490,000, Multidrug-Resistant TB (MDR-TB) cases registered in 2016.

Important Takeaways from Above News for IBPS PO Mains Exam-

• TB is a disease which in humans is usually caused by bacteria called Mycobacterium tuberculosis (M. tuberculosis).
• Tedros Adhanom Ghebreyesus is the WHO’s Director General.
• WHO Headquarters in Geneva, Switzerland.

4. India, Tunisia Agreed to Combat Terror, Extremism

i. India and Tunisia agreed to jointly combat terrorism and extremism while ramping up cooperation in the field of security. A review of bilateral ties was undertaken as External Affairs Minister Sushma Swaraj co-chaired the 12th India- Tunisia Joint Commission Meeting with her Tunisian counterpart Khemaies Jhinaoui.

ii. Six agreements in the fields of judicial cooperation, cooperation in youth issues, information and communications technology, trade and business, were also signed. 

Important Takeaways from Above News for IBPS PO Mains Exam-

• Tunis is the capital of Tunisia. 
• Beji Caid Essebsi jas is the present President of Tunisia.

5. Govt Sets up Arun Jaitley-Panel to Oversee PSU Bank Mergers

i. The government set up a ministerial panel, led by finance minister Arun Jaitley, to consider and oversee mergers among the country’s 21 state-run banks.
ii. Members of the panel on PSU bank consolidation include railway and coal minister Piyush Goyal, and defence minister Nirmala Sitharaman.

Important Takeaways from Above News for IBPS PO Mains Exam-

• The State Bank of India merged operations of five of its associate banks and Bharatiya Mahila Bank with itself have marked the first consolidation move in the sector following the bad loan crisis.
• The merger has reduced the number of state-controlled banks to 21 from 26.

6. SBI Sanctions Rs2,317 crore for Financing Solar Power Projects

i. State Bank of India announced sanction of credit facilities amounting to Rs2,317 crore to corporates for financing Grid Connected Rooftop Solar projects under an SBI-World Bank program.

ii. This funding will create solar power capacity aggregating 575 MW. The renewable energy space can avail loans for establishing grid-connected rooftop solar projects at the bank’s marginal cost of funds based lending rate plus 15 basis points.

Important Takeaways from Above News for RRB PO Mains Exam-

• Rajnish Kumar is the Present Chairman of Mumbai-Headquartered SBI.

7. Michael Jackson Named Top-Earning Dead Celebrity for 5th Time

i. Michael Jackson is atop the Forbes list of top-earning dead celebrities for the fifth straight year, with $75 million (all figures in US).

ii. Golf legend Arnold Palmer claims the No. 2 spot with $40 million and Peanuts creator Charles Schulz ranks third with the income of $38 million. The list is compiled from information gathered from pretax income from Oct. 15, 2016, through Oct.15, 2017 before deducting cuts for agents, managers, and lawyers.

8. Bhutan King Arrived in India for Four-Day Visit

i. King of Bhutan, Jigme Khesar Namgyel Wangchuck has arrived in New Delhi on a four-day visit to India. He was accompanied by his wife, Queen Gyaltsuen Jetsun Pema Wangchuck.

ii. During the visit, the King will meet with President Ram Nath Kovind and Prime Minister Narendra Modi.

Important Takeaways from Above News for RRB PO Mains Exam-

• Thimphu is the capital of Bhutan.
• Dzongkha is the official language of Bhutan.

9. Haryana Announces Lifetime Pensions for 'Hindi Satyagrahis'

i. The state government of Haryana has announced lifetime monthly pension of Rs 10,000 for 'Hindi Satyagrahis' and those from the state who were jailed during the Emergency.

ii. The state government also announced that it would be providing enhanced financial assistance to World War-II veterans and their widows.

Important Takeaways from Above News for RRB PO Mains Exam-

• Manohar Lal is the Present CM of Haryana.
• Kaptan Singh Solanki is the Present Governor of Haryana.

10. Tata Steel Elevates T V Narendran as Global CEO, MD

i. Tata Steel has elevated T V Narendran as Chief Executive Officer and Managing Director globally. He was appointed as Managing Director of Tata Steel for India and South East Asia on November 1, 2013.

ii. Koushik Chatterjee has been reappointed as Executive Director and Chief Financial Officer for a period of 5 years with effect from November 9, 2017.

Important Takeaways from Above News for RRB PO Mains Exam-

• Jamsetji Tata was the founder of TATA Steels.
• It Headquarters in Mumbai, Maharashtra.

11. Vikram Singh Appointed Private Secretary to President

i. Railway officer Vikram Singh was appointed Private Secretary to President Ram Nath Kovind. Singh is a 1997 batch officer of the Indian Railway Traffic Service.

ii. The Appointments Committee of the Cabinet has approved his appointment to the post for a period of two years. IAS officer P C Meena was appointed Private Secretary to Minister of State for Commerce and Industry C R Chaudhary.

Important Takeaways from Above News for RRB PO Mains Exam-

• Ram Nath Kovind is the 14th President of India.

12. Suresh Chukkapalli Appointed as Consul General of Korea

i. Suresh Chukkapalli, Chairman of Phoenix Group of Hyderabad, has been appointed as Honorary Consul General in Hyderabad by the Republic of Korea, with consular jurisdiction over the state of Telangana.

ii. Suresh Chukkapalli was given charge/invested formally at a ceremony in New Delhi.

Important Takeaways from Above News for RRB PO Mains Exam-

• South Korea is the fourth largest economy in Asia and the 11th largest in the world known for its global corporations.

13. Bharti AXA Life Appoints Vikas Seth as CEO

i. Bharti AXA Life Insurance, a joint venture between Bharti Enterprises and AXA, has appointed Vikas Seth as Chief Executive Officer. The appointment is subject to requisite IRDAI approval.

ii. Prior to joining Bharti AXA Life, he was with the Aditya Birla Group, where he worked for nearly 10 years in different roles.

Important Takeaways from Above News for RRB PO Mains Exam-

• Bharti AXA Life is a life Insurance player that was started in 2006.
• It brings together the Paris-headquartered AXA Group and Bharti Enterprises.
• The joint venture has a 51% stake from Bharti and 49% stake from AXA.

14. Joint Indo-Russia Tri-Services Exercise Indra-2017 Successfully Conducted 

i. The Joint Indo-Russia Tri-Services Exercise INDRA-2017 was successfully conducted at Vladivostok in Russia.  The name of the exercise INDRA has been derived from INDia and RussiA.

ii. Exercise INDRA-2017 is the first Joint Tri-Services Exercise between Russia and India. The theme of Exercise INDRA-2017 was ‘Preparation and Conduct of Operations by a Joint Force for Suppression of International Terror Activity at the request of a host country under UN mandate’.

Important Takeaways from Above News for RRB PO Mains Exam-

• Moscow is the capital of Russia.
• Vladimir Putin is the present President of Russia.

15. Martina Hingis Announces Retirement from Pro Tennis

i. Martina Hingis, one of only six women's players to hold the No. 1 ranking in both singles and doubles at the same time, will retire after the WTA Finals. Hingis, 37, won Grand Slam titles Nos. 24 and 25 at the US Open in September, capturing the women's doubles and mixed doubles titles.
ii. Overall, she won 13 major doubles titles, along with five in singles and seven in mixed doubles. She held the world No. 1 ranking for 209 weeks during her career, winning 43 WTA singles titles and 64 doubles titles.

Important Takeaways from Above News for IBPS PO Mains Exam-

• Martina Hingis is from Switzerland.
• She is the youngest Grand Slam champion in history, having won the Wimbledon doubles title when she was just 15.
• Hingis was inducted into the International Tennis Hall of Fame in 2013.

16. Rashtriya Ekta Diwas (National Unity Day): October 31

i. India celebrates October 31 as Rashtriya Ekta Diwas (National Unity Day). This day marks the birth anniversary of Sardar Vallabhbhai Patel, who played an instrumental role in the integration of princely state with Indian Union post-independence.

ii. Prime Minister Modi also flagged off the 1.5 km ‘Run for Unity’ event at Major Dhyan Chand National Stadium in New Delhi.

Important Takeaways from Above News for IBPS PO Mains Exam-

• The Celebration of October 31 as ‘Rashtriya Ekta Diwas’ was announced by Prime Minister Narendra Modi in 2014.

general awareness

📖QUIZ NO-38👍🌎
       Dt.23.10.2017.
1.లోకమాన్య&భారత అశాంతి జనకుడు అని ఎవరిని అంటారు?
2.మదన్ మోహన్ మాలవ్య బెనారస్ హిందూ విశ్వవిద్యాలయాన్ని ఎప్పుడు స్థాపించారు?
3.మహాబలేశ్వరాన్ని ఎవరు నిర్మించారు?
4.జాతీయ ఆయుర్వేద సంస్థ ఎక్కడ ఉంది?
5.బృహదీశ్వర ఆలయాన్ని ఎవరు నిర్మించారు?
6.చార్మినార్ ను ఎవరు నిర్మించారు?
7.ఎలుకల ద్వారా వచ్చే వ్యాధి?
8.రామప్ప దేవాలయాన్ని ఎవరు నిర్మించారు?
9.స్వర్ణ దేవాలయం(golden temple) ను ఎవరు నిర్మించారు?
10.అక్షరధామ్ దేవాలయం ఎక్కడ ఉంది?
🇮🇳🥇జవాబులు.
1.భాలగంగాధర్ తిలక్
2.1916
3.నరసింహ వర్మ-1
4.జైపూర్ -1976
5.రాజ రాజ చోళ-1
6.మహ్మద్ కూలీ కుతుబ్ షా -1591(ప్లేగు వ్యాధి నిర్ములన)
7.ప్లేగు వ్యాధి.
8.రేచర్ల రుద్రుడు-1213
9.గురు రాందాస్ సిక్కు4 వ గురు-1589
10.న్యూఢిల్లీ.

Computer Questions

Q1. Who among the following is known as the Father of The Internet?
(a) Tim Berners-Lee
(b) Raymond Tomilson
(c) Douglas Englebart
(d) Charles Babbage
(e) Vint Cerf

S1. Ans.(e)
Sol. Tim Berners-Lee- Inventor of the World Wide Web.  Berners-Lee is the director of the World Wide Web Consortium (W3C), which oversees the continued development of the Web.
Raymond Tomilson-Sent the first e-mail (to himself)
Douglas Englebart- Father of computer mouse
Charles Babbage- Father of computers, inventor of analytical engine and difference engine
Vint Cerf- Father of the Internet. Cerf is the co-designer of the TCP/IP protocols and the architecture of the Internet.

Q2. Which among the following is a device that has functioning of a mobile information manager?
(a) PDA
(b) MICR
(c) Mainframe
(d) Light Pen
(e) OCR

S2. Ans.(a)
Sol. Personal Digital Assistant (PDA) is a device with functioning of a mobile information manager.

Q3. ______ key combination is used to reverse the last Undo.
(a) Ctrl+A
(b) Ctrl+C
(c) Ctrl+W
(d) Ctrl+Y
(e) Ctrl+Z

S3. Ans.(d)
Sol. Ctrl+A- to select all
Ctrl+C- to copy
Ctrl+W- to close currently focused tab/window
Ctrl+Y- used to reverse last undo
Ctrl+Z- to reverse last action i.e. to perform undo operation

Q4. IEEE standard 802.3 is for which of the following?
(a) Higher Layer LAN Protocols
(b) Wireless PAN
(c) Ethernet
(d) Bluetooth certification
(e) None of the above

S4. Ans.(c)
Sol. IEEE 802 is a family of IEEE standards dealing with local area networks and metropolitan area networks. 802.3 is for Ethernet.

Q5. The OSI model defines internetworking in terms of a vertical stack of layers.  The OSI model doesn't perform any functions in the networking process. It is a conceptual framework so we can better understand complex interactions that are happening. Frame is protocol data unit of which OSI Layer?
(a) Layer 7
(b) Layer 3
(c) Layer 8
(d) Layer 1
(e) Layer 2

S5. Ans.(e)
Sol. There are 7 layers in the OSI Model and OSI stands for Open System Interconnection.
Following are the protocol data units of OSI Layers:
Layer 1- bit
Layer 2 - frame,
Layer 3 - packet
Layer 4 - segment
Layer 5 and above- data.

Q6. Which of the following is a term for the process of trading goods over the Internet?
(a) e-selling-n-buying
(b) e-trading
(c) e-finance
(d) e-salesmanship
(e) e-commerce

S6. Ans. (e)
Sol. Electronic commerce, commonly written as e-commerce or e-commerce, is the trading or facilitation of trading in products or services using computer networks, such as the Internet or online social networks.

Q7. An example of a telecommunications device is a ________.
(a) keyboard
(b) mouse
(c) printer
(d) modem
(e) None of these

S7. Ans. (d)
Sol. Modem is a telecommunication device.

Q8. An application where only one user accesses the database at a given time is an example of a(n) ________ .
(a) single-user database application
(b) multiuser database application
(c) e-commerce database application
(d) data mining database application
(e) None of these

S8. Ans. (a)
Sol. Single-user mode allows only one connection to a database at a given moment in time.

Q9. A nibble is equal to _____________ bits.
(a) 16
(b) 32
(c) 4
(d) 8
(e) 18

S9. Ans. (c)
Sol. A nibble =4 bits.

Q10. What is a named area on a disk that is used to store related subfolders and files called?
(a) desktop
(b) folder
(c) menu
(d) Safari
(e) explorer

S10. Ans.(b)
Sol. A folder is a virtual location where programs, files, and other folders can be located.

Q11. The two ways to arrange multiple windows on the desktop are:
(a) cascade and tile
(b) drag and drop
(c) point and click
(d) minimize and maximize
(e) copy and paste

S11. Ans. (a)
Sol. cascade and tile are two ways to arrange multiple windows on the desktop.

Q12. _____________ is a service that allows organisations to make their own website.   
(a) Web hosting
(b) Web surfing
(c) Domain hosting
(d) Linux hosting
(e) Windows hosting

S12. Ans.(a)
Sol. Web hosting is a service that allows organisations to make their own website accessible through WWW. This service allows you to share the data on the Web or the Internet by storing your Web page on the Internet.

Q13. Which of the following HTML tags is used to create a horizontal line on a Web page? 
(a) <hr>
(b) <tr>
(c) <line>
(d) <hr1>
(e) <line direction = “horizontal”>

S13. Ans.(a)
Sol. In HTML, you can create a horizontal line on a Web page by using the <hr>tag. The purpose of the <hr> tag is to separate paragraphs or sections on a Web page.

Q14. Which of the following image formats was developed for CompuServe?
(a) JPEG Image
(b) GIF Image
(c) PNG Image
(d) BMP Image
(e) None of these

S14. Ans.(b)
Sol. The GIF image format was developed for CompuServe (an online information service). Converting an image to a GIF image format is safe as no data is lost at the time of conversion.

Q15. Which among the following is a Super computer series developed by Indian scientists?
(a) Param
(b) Super30l
(c) Compaq Presario
(d) Cray YMP
(e) Blue Gene

S15. Ans.(a)

Sol. PARAM is a series of supercomputers designed and assembled by the Centre for Development of Advanced Computing (C-DAC) in Pune, India. The latest machine in the series is the PARAM Kanchenjunga.

Banking Awareness

Q1. Which among the following countries has contributed $100,000 to a UN fund to help developing countries actively participate in the discussion of tax issues, becoming the first country to make the contribution?
(a) India
(b) UK
(c) Austria
(d) Canada
(e) China

S1. Ans.(a)
Sol. India has contributed $100,000 to a UN fund to help developing countries actively participate in the discussion of tax issues, becoming the first country to make the contribution. The UN Tax Trust Fund aims to support the work of the Committee of Experts on International Cooperation in Tax Matters.

Q2. Which 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.
(a) State Bank of India
(b) IDBI Bank
(c) Punjab National Bank
(d) Bank of India
(e) ICICI Bank

S2. Ans.(b)
Sol. 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.

Q3. Stepping up its fight against tax evasion, the Centre has made it mandatory to quote the Aadhaar number for opening bank accounts and for transactions exceeding-
(a) Rs.10,000
(b) Rs.80,000
(c) Rs.50,000
(d) Rs.1,00,000
(e) Rs.1,50,000

S3. Ans.(c)
Sol. Stepping up its fight against tax evasion, the Centre has made it mandatory to quote the Aadhaar number for opening bank accounts and for transactions exceeding Rs.50,000. With the amendments to the Prevention of Money Laundering (Maintenance of Records) Rules, 2005 notified earlier this month, banks will have to demand both Aadhaar and the Permanent Account Number (PAN) for verification of identity.

Q4. The Reserve Bank of India has initiated PCA on Bank of Maharashtra placing a restriction on the banking activities. What is the meaning of "A" in PCA?
(a) Against
(b) Assets
(c) Association
(d) Action
(e) Agency

S4. Ans.(d)
Sol. The Reserve Bank of India has initiated prompt corrective action (PCA) on Bank of Maharashtra placing a restriction on the banking activities. This RBI has said that the action is taken on the bank in view of the high level of bad loans. This is the sixth bank to be placed under PCA by the RBI and of this five banks were placed under PCA in the last three months. RBI has initiated PCA on Central Bank of India, IDBI Bank, UCO Bank, Dena Bank and Indian Overseas Bank.

Q5. Which among the following international organisation has cleared a USD 250-million loan for making Indian youth more employable through reskilling, in a move that is seen to aid the Skill India Mission?
(a) Asian Development Bank (ADB)
(b) World Trade Organization (WTO)
(c) Asian Infrastructure Investment Bank (AIIB)
(d) International Monetary Fund (IMF)
(e) World Bank (WB)

S5. Ans.(e)
Sol. The World Bank has cleared a USD 250-million loan for making Indian youth more employable through reskilling, in a move that is seen to aid the Skill India Mission. The multi-lateral lender is keen to support the Indian government in its efforts to better equip the young workforce with employable skills. Under the program, adults in 15-59 years of age, underemployed or unemployed, will get the skill training.

Q6. The RBI has cut the repo rate by 25 bps in third bi-monthly monetary policy 2017. What is present Repo Rate?
(a) 5.75 per cent
(b) 6.00 per cent
(c) 6.25 per cent
(d) 6.50 per cent
(e) 5.50 per cent

S6. Ans.(b)
Sol. On the basis of an assessment of the current and evolving macroeconomic situation at its meeting, the Monetary Policy Committee (MPC), headed by Urjit Patel, decided to reduce the Policy Repo Rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.25 per cent to 6.0 per cent with immediate effect.

Q7. Which among the following public sector Banks has offered BBPS, introduced by the National Payments Corporation of India for its customers?
(a) Bank of Baroda
(b) State Bank of India
(c) Central Bank of India
(d) Punjab National Bank
(e) Indian Overseas Bank

S7. Ans.(e)
Sol. Public sector Indian Overseas Bank has offered Bharat Bill Payment System, introduced by the National Payments Corporation of India, for its customers. BBPS is an integrated bill payment system that offers inter-operable online bill payments to customers.

Q8. Which Bank has launched its first ‘Digital Banking Branch’ named 'CANDI' in Bengaluru?
(a) Union Bank
(b) ICICI Bank
(c) Canara Bank
(d) Indian Bank
(e) Axis Bank

S8. Ans.(c)
Sol. Canara Bank has launched its first ‘Digital Banking Branch’ named 'CANDI' in Bengaluru. The branch will provide an end-to-end digital experience to customers. The bank has introduced customer-friendly mobile apps which help customers get most of the information related to their accounts from the app without the need to visit the branch.

Q9. The decline in rate of inflation and high real interest rates have prompted State Bank of India to cut the savings bank deposits rate from 4 per cent to ___________ on deposits below Rs. 1 crore. 
(a) 3.50 per cent
(b) 2.75 per cent
(c) 3.75 per cent
(d) 3.30 per cent
(e) 3.00 per cent

S9. Ans.(a)
Sol. The decline in rate of inflation and high real interest rates have prompted State Bank of India to cut the savings bank deposits rate from 4 per cent to 3.5 per cent on deposits below Rs. 1 crore. This cut in savings bank rate will prompt many banks to follow suit.

Q10. The RBI has imposed a penalty of Rs. 3 crore on state-owned Union Bank of India for “non-compliance” with the directions on KYC norms. KYC stands for-?
(a) Know Your Commerce
(b) Know Your Conclusion
(c) Kite Your Customer
(d) Know Your Customer
(e) Know Your Consumer

S10. Ans.(d)
Sol. The RBI has imposed a penalty of Rs. 3 crore on state-owned Union Bank of India for “non-compliance” with the directions on Know Your Customer (KYC) norms.

Q11. In which of the following types of banking, there is a direct execution of transaction between a bank and its consumers?
(a) Retail Banking
(b) Universal Banking
(c) Virtual Banking
(d) Unit Banking
(e) None of the given options is true

S11. Ans.(a)
Sol. Retail banking also known as Consumer Banking is the provision of services by a bank to individual consumers, rather than to companies, corporations or other banks. Services offered include savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards.

Q12. Maximum loan amount to individuals against physical security shares can be _____
(a) 20 lakh
(b) 15 lakh
(c) 25 lakh
(d) 50 lakh
(e) 10 lakh

S12. Ans.(e)
Sol. Loans/ advances granted to individuals against the security of shares, debentures and PSU bonds should not exceed Rs.10 lakh and Rs.20 lakh, if the securities are held in physical form and dematerialized form respectively.

Q13. The process by which the central bank of a country controls the supply of money in the economy by exercising its control over interest rates in order to maintain price stability and achieve high economic growth is known as:
(a) Economic Policy
(b) Monetary Policy
(c) Fiscal Policy
(d) Credit Policy
(e) Budgetary Policy


S13. Ans.(b)
Sol. Monetary Policy is the process by which monetary authority of a country, generally a central bank controls the supply of money in the economy by exercising its control over interest rates in order to maintain price stability and achieve high economic growth. In India, the central monetary authority is the Reserve Bank of India (RBI). is so designed as to maintain the price stability in the economy.

Q14. Loans granted by a bank to an exporter popularly known as ‘Export credit’ is guaranteed, in case of default, by which of the following
(a) EXIM Bank
(b) Ministry of International Trade, GOA
(c) ECGC
(d) DICGC
(e) None of the given options is true

S14. Ans.(c)
Sol. ECGC Limited (Formerly Export Credit Guarantee Corporation of India Ltd) is a company wholly owned by the Government of India based in Mumbai, Maharashtra. It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce.

Q15. Who amongst the following is the regulator in the financial system of the country?
(a) OIC
(b) SEBI
(c) CRISIL
(d) TRAN
(e) CERC

S15. Ans.(b)
Sol. The financial system in India is regulated by independent regulators in the field of banking, insurance, capital market, commodities market, and pension funds. Example of Financial Regulators: RBI, IRDAI, SEBI, PFRDA.