Current Affairs Current Affairs - 6 July 2017 - Vikalp Education

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Current Affairs - 6 July 2017


General Affairs 

Wreckage of missing IAF chopper found in Arunachal's Pampunpare, 3 feared dead
  • Wreckage of the Indian Air Force chopper that went missing in Arunachal Pradesh on Tuesday has been found in the state's Pampunpare district.
    All 3 crew members on board the helicopter are feared dead.
    Wing Commander MS Dhillon was the pilot of the helicopter and the commanding officer of the unit. Flight Lieutenant PK Singh and Flight Engineer Sergeant Gujjar were also on board the indigenous chopper.
    The Advanced Light Helicopter (ALH) of the IAF had been pressed into service to help people stranded due to floods and landslides. It had gone missing at 3.50 pm yesterday after taking off from Pilputu Helipad near Sagalee for the Naharlagun heliport.
    HELICOPTER EVACUATING PEOPLE STRANDED IN LANDSLIDES
    The helicopter was evacuating people stranded in Sagalee and Dambuk due to massive landslides caused by heavy rains.
    Tezpur-based Defence spokesperson Lieutenant Colonel Sombit Ghosh said the chopper had gone out for flood rescue operations from its base in Jorhat on Tuesday morning.
    "The wreckage was found after rescue teams from the Army, the Indo-Tibetan Border Police along with the state police trekked through the jungle and hill areas between Yupia and Hoj Telam in Pampumpare district to locate the chopper," Sandeep Goel, the police chief of Arunachal Pradesh, said.
    CLOSE SHAVE FOR RIJIJU
    Meanwhile in another incident on Tuesday, Union Minister of State Kiren Rijiju had a close shave after his helicopter made an emergency landiung near Itanagar due to heavy rains and foggy weather.
    "I was lucky enough to land safely, thanks to the BSF pilots who are very experienced," Rijiju told PTI.
    The Mi-17 helicopter with Rijiju and seven other passengers and crew members on board was flying from Guwahati to Ziro in Arunachal Pradesh.

West Bengal: Rajnath Singh dials CM Mamata Banerjee, Governor Tripathi, asks them to resolve differences
  • After the public spat between West Bengal CM Mamata Banerjee and Governor Keshari Nath Tripathi over communal clashes in North 24 Parganas district, Union Home Minister Rajnath Singh today called up both the leaders and asked them to resolve the differences.
    Rajnath Singh called up Mamata and Tripathi separately and took stock of the situation in the riot-hit area.  He also discussed the situation in Darjeeling. According to highly placed sources,  Banerjee and Tripathi explained stands to the home minister.
    The home ministry has also sought a detailed report from the West Bengal govt about the riots.
    Meanwhile, Bashirhat sub-division of North 24 Parganas district of West Bengal continues to remain tense. Sporadic clashes have been reported from Bashirhat town area, where the RAF has been rushed.
    In Baduria, which is the epicentre of the violence, BSF personnel are conducting area domination exercises.
    The district police is appealing to people via public address systems to maintain calm and not venture out of their homes.Prohibitory orders under CrPC section 144 has been put in place in the troubled area. 
    The CM had yesterday accused the Governor that he insulted and threatened the her over the  communal clashes in North 24 Parganas district. She also said that she felt so much humiliated that she even thought of quitting. 
    Banerjee further alleged that the Governor was like acting like  BJP block president. Meanwhile, Governor said he was surprised at Mamata Banerjee's attitude and the kind of language she had used against him.

    Communal clashes broke out in North 24 Parganas district on Monday night following an "objectionable" Facebook post. While the government sent 400 BSF personnel to assist the local administration in controlling the situation.

Should India be tackling China first than Pakistan? 1971 war army veteran explains
  • To get an insight of the Indo-China-Bhutan relations and the prevailing tension between India and China, India Today spoke to Lieutenant General DB Shekatkar. He is one of those senior Indian Army officers who has worked in the region and has enough experience to his credit that will authenticate what he wants to say on Chinese aggression.
    India Today spent significant time with Gen D B Shekatkar to understand the ongoing standoff between the two Asian giants, which is said to be one of the longest after 1962.  Gen Shekatkar has served the Indian Army for four decades. He recently  headed the Shekatkar Committee report that recommended host of reforms in the Indian military.
    Lt Gen Shekatkar said that People's Liberation Army (PLA) has a strategy that while dealing with its enemy in case of a land dispute, do not to let go the rival's land area which is in China's holding. Another strategy of the Chinese is to demand the land which is with its rival and third, if the rival country's land falls in between their land then threaten the enemy for that piece of land as well.
    "This bulling strategy in practise by Chinese is not only against India but also its surrounding nations. Today China does not have any friendly countries in its neighborhood except Pakistan and North Korea," he said.
    IS THERE ANYTHING TO DO WITH MODI-TRUMP MEETING AND CHINA'S RECENT AGGRESSION?
    When asked whether PM Narendra Modi meeting US President Donald Trump and China's recent aggression, Gen Shekatkar said, "Yes these things are timed, they are not done in isolation. When PM Modi was in US, there certainly was a discussion between Modi and Trump on China's aggression on the neighbouring states - it is unavoidable. China, through their statement, said that India should not get too close to America. Why is China concerned about it then? China feels threatened that in this part of the world, India is the only country which can take on China. Cooperation between the US and India can be troublesome for China's expansionist policy."
    CHINA WILL BE AT LOSS FOR ITS CLOSE PROXIMITY WITH PAKISTAN
    Talking about China's inclination towards Pakistan, Lt Gen Shekatkar said, "What China is calling the One Ring One Road economic corridor is nothing but economic military aggression. I believe 15 years from now, Pakistan will under China's control. Chinese President Xi Jinping said that Pakistan is its best friend and their friendship is higher than the Mount Everest, deeper than the sea and sweeter than honey. But what they have not realised as yet that Pakistan is spreading terrorism across the world and North Korea is threatening everyone with its missiles and both are being protected by China.
    PROBLEM WITHIN CHINESE ARMY
    China is facing many internal problems. Youngsters in China do not want to join the Army, which is also the situation in India. The Chinese youth is not ready to serve in the high altitude areas. China also does not trust Tibetans hence, they do not want to give weapons to them. The Tibetans who have been driven out, along with the Holy Dalai Lama want to go back to their own country. This is a bigger challenge for China.
    CHINA GETTING ARMED TANKS TO HIGH ALTITUDES
    China has tanks in Tibet and PLA is trying to bring those tanks to the higher plateaus including north Sikkim. Gen Shekatkar said the Chinese people who are going to operate such equipment should be prepared for all kinds of situation as tanks cannot fire the same way in higher altitude as they fire in the plains. The environmental  condition, wind velocity and temperature affect its working.

Supreme Court warns of intervention if law for Election Commission appointments are not made
  • Expressing concerns over absence of law on the appointment to the Election Commission of India and the Chief Election Commissioner, the Supreme Court today asked the Centre as to what steps the present government will take.
    The apex court told the Central government that EC should have people neutral to all political parties.
    Supreme Court said that the Article 324 mandates that the appointments to the Election Commission are done as per the enabling law. But presently there is no law in place to govern the appointments to the Election Commission.
    While SC reiterated that the Parliament has not made any law, it highlighted Centre's response saying that competent people have been appointed in a timely manner.
    SC pronounced it decision while hearing a plea seeking constitution of a committee comprising of the Leader of Opposition and the Chief Justice of India for appointment of election commissioners.
    The plea sought that government should enact a law which ensures a fair and transparent process to appoint people at the Election Commission of India. 
    SC stated that if the Parliament does not make any law regarding this, the issue will be taken up judicially. The issue will be taken up for hearing after two months.
    A bench headed by Chief Justice of India JS Khehar and DY Chandrachud told Solicitor General Ranjit Kumar that the only argument of the government has been that competent people are appointed.
    The observations comes a day after Achal Kumar Hoti, who was earlier chief secretary of Gujarat during Modi's tenure as Cheif Minister, was appointed to succeed Nasim Zaidi.

Cyber criminals dupe bank holders by seeking details of Aadhaar on pretext of linking to PAN
  • BEWARE! If you are getting call from someone asking to share Aadhaar card details over the phone to link it with the bank account. Police claims cyber criminals have come up with new trick to dupe bank account holders by trapping them on pretext of linking Aadhaar, PAN card with the bank account as per the directive of the central government.
    According to the police, recently, they have received several complaints where gullible people were tricked by fraudsters by seeking details of their Aadhaar card through phone calls and emails.
    A Noida-based engineer who became a victim of pan-India fraud told Mail Today that last week he lost Rs 20,000 after he received a call from a landline number and the Truecaller app, which is used for identifying unknown calls also showed the number as 'bank'.
    "The caller identified as bank executives and spoke in fluent English. He said that bank has decided to link Aadhaar number with debit card for better customer service. He also read central government's rule in this context. For this he asked my Aadhaar number and other details," said the victim wishing anonymity.
    He explained that caller had most of his banking details so he could not sense any foul play and hence, trusted the caller. "The caller said that I would receive a message having one-time password (OTP) which will link the bank account with aadhaar. As soon I shared the message, the money was debited from my account," victim said.
    HOW SCAMSTERS WORK
    According to the cops, scamsters are misusing government's recent move. "To gain the victims' trust, fraudsters tell the common 12-digit code on the debit card, which will be unique to each bank, and then ask him to disclose the remaining four digits, unique to each customer. Along with the last four digits, they secure the card verification value (CVV) number," said UP STF's additional superintendent Triveni Singh.
    Singh explained that there are several people who are unaware of such scam and are sharing their details as the Centre had instructed the public to link the Aadhaar card with PAN.
    According to the security agencies, there are several gangs working across India who are cashing on government's initiative to dupe people.
    "Cyber criminals are getting innovative with each crime and as soon government floats a policy they start misusing it. It is high time for people to stay safe in the virtual work by securing their details. Fraudsters will continue to target those who remain ignorant. This can be avoided only through awareness programmes," Singh said.
    Senior official with Unique Identification Authority of India (UIDAI), which issues Aadhaar cards, said, "people should ignore such calls asking for Aadhaar details, no genuine party would ask for these details over the phone. Only official and verified websites should be used for linking Aadhaar, otherwise citizens are urged to go to bank branches and telephone companies' retail outlets to get any sort of seeding or linking done", officials at UIDAI said.

Business Affairs 

    Amid opposition, Jammu and Kashmir Assembly adopts resolution for implementing GST
    • Amid protests by the National Conference and the Congress, the Jammu and Kashmir Assembly on Wednesday adopted a resolution for implementing the GST in the state.
      With this, all the states have implemented the Goods and Services Tax.
      The resolution moved by state Finance Minister Haseeb Drabu, was adopted through a presidential order calling on the Centre to safeguard the special status and exclusive taxation powers of the state.
      He said Article 370 of the constitution is not compromised in any way through this presidential order.
      After two days of discussions, the resolution was adopted by a voice vote even as the National Conference, the Congress, the CPI(M) and an Independent MLA protested against implementing the new indirect tax regime in the state in its present form.
      Earlier, replying to the debate, Drabu said the resolution calls upon the Centre to implement the GST in the state while incorporating safeguards for protecting its special status and exclusive taxation powers.
      "We will appeal, argue, debate and discuss with the Government of India, as a matter of principle, section 5 of the J-K constitution, which gives us exclusive powers of taxation, shall be protected," he read from the draft of the resolution.
      "The GSTN council will not be a way to subvert the process and enough safeguards will be built as regards the state of Jammu and Kashmir empowering the representatives of Jammu and Kashmir and bringing in under the ambit of Article 370," Drabu said.
      He said the business activity in the state had dropped to almost 50 per cent due to non-implementation of the GST after the new regime was rolled out in the rest of the country on July 1, causing losses to the state exchequer.
      Giving comparative data, the finance minister said while 2,000 truckloads of goods were imported on July 4 last year, only 1,000 truckloads were imported on the day this year.
      He said export of goods from the state has also dropped from 300 on this day last year to 150 this year, a 50 per cent decline in trade.
      On the revenue earned by the state, Drabu said it had dropped from Rs 82 crore on July 4 last year to Rs 40 crore yesterday.
      "This shows that business and trade in Jammu and Kashmir cannot function without the GST," he said.
      Responding to the opposition charges, the finance minister said there was no compulsion on the government to bring a resolution in the Assembly on the GST but it was done as part of "restoration of a process".
      "If the GST overwrites Article 370 (of the Indian constitution) or section 5 (of the J-K constitution) I will not come back to this House," Drabu said.

    Ashok Leyland stock extends gains, hits 52-week high on June sales
    • The Ashok Leyland stock hit a new 52-week high on Tuesday, extending yesterday's gains on rise in June sales. The stock hit an yearly high of Rs 102 in early trade but later lost all the momentum to close at Rs 99.30 level on the BSE. 

      On Monday, the stock closed 6.82 percent higher to Rs 100 level on the BSE. The stock is up 9.52 percent or 8.65 points in five days and 24.38 percent on year-to-date basis. 

      The Hinduja Group firm reported a 11 percent rise in June sales on Monday. Sales rose to 12,330 units in June compared with 11,108 units in the corresponding month last year. 

      Sales of medium and heavy commercial vehicles rose by 6 per cent to 9,202 units as against 8,685 units in the year-ago month, the company said in a statement. Light commercial vehicle sales grew by 29 per cent to 3,128 units as compared to 2,423 units in June last year, the Hinduja Group firm said. 

      Ashok Leyland deals in commercial vehicles and related components. Through its subsidiaries, it is engaged in manufacturing and trading in medium and heavy commercial vehicle, light commercial vehicles, passenger vehicles, automotive aggregates, vehicle financing and engineering design services. 

      It offers a range of 18 to 80-seater buses under categories, such as city application and electric buses. The firm has operations in India, Sri Lanka, Bangladesh, Mauritius, the Middle East and Africa. 

      Its competitors are Tata Motors, Atul Auto, Force Motors and Maruti Suzuki India among others. The BSE Auto index closed 114 points or 0.48 percent lower at 23,604 level.

    Capex activity remains subdued in June quarter of FY18
    • The investment climate in India has remained subdued in the first quarter of FY18. As per the data released by CMIE's CapEx service, only 448 new projects with an aggregate investment of Rs 1.35 lakh were announced during the quarter. This is significantly lower than 2.91 lakh crore of investment projects announced in the March quarter.
      The completion activity also remained weak, with projects worth only Rs 97,281.2 crore  being commissioned during the quarter compared to Rs 1,77,038.4 in the last quarter. The largest project completed was Phase I of Jindal Steel & Power's Angul Steel plant around Rs 33,000 crore, followed by Phase I of Bangalore Metro Rail project which involved an investment of Rs 1,4000 crore.
      52 projects were scrapped between April and June 2017. The largest among these was Mithi Vardi Automic Power Plant worth Rs 60,000 billion, which was proposed to be set up by the government.
      The largest private project that got scrapped during the quarter was Posco's 12 million tonnes steel plant in Paradip, Odisha, with a proposed investment of Rs 50,000 billion. The aggregate value of projects scrapped in the June 2017 quarter was as huge as Rs 2.39 lakh crore.

    Indian stock market hit by tsunami; swim with the tide
    • When a tsunami hits it tend not to strike once. In fact, there are usually several cycles of a tsunami that are spaced out over time. Similarly the Indian equity market has been hit by the tsunami of flows. This flow is just getting stronger and stronger especially the domestic inflows. So the best thing for investors is to sit tight and not do anything foolish. The next wave would be the pension money. So far the increased allocation from the pension funds has not hit the market. Once that money come into the market, Nifty will see another rally of 4000 to 5000 points.
      Meanwhile the inflow of money isn't stopping anytime soon. Low interest rates and lack of options in other asset classes has seen the money coming into equity market. The flow of money through systematic investment plan (SIP) has been the big positive and a game changer in the Indian equity market.
      It's been the advent of Retail 3.0 in the Indian equity market and while it's not wide spread, it's much stronger, sensible and also has depth. The return of retail has just begun and it will certainly take time to become a larger phenomenon. The reason for it being stronger is also because the regulator is vigilant and is focused on ensuring no mishap in the market. In fact it's been heard that the government's only mandate for the regulator is they don't want any scam. They don't mind if retail don't come directly to equities but they shouldn't burn their fingers.
      The slack in real estate and commodity has also seen money finding its way into the Indian equity market. Therefore it's not surprising that despite valuations being high, money is coming into equities and keeping the market high. However speaking of valuation experts still see quality being available in the market.
      The market is discounting the future on the hopes that things will improve. Today the only fear is on the economic front. While the market has discounted high economic growth, the growth isn't coming. This is important. Similarly corporate performance too has to deliver. While the impact of GST will be known by the end of third quarter of FY2018, capacity utilisation has to pick up which is currently at 65-70 per cent. Similarly corporate India has to deleverage itself.
      While there is talk of banks planning to acquire the assets of corporates with large debt and sell them to recover their money, nothing concrete is seen on the ground. This is because of the hair cut banks will have to take and no one is willing to take a steep 70-90 per cent cut on the value of the loan. Bankers feel resolution is better than litigation and this is the prime reason why banks aren't willing to take a huge haircut on the assets. It's not easy as one will also have to see how the banks provide for these loans if they are considered as NPAs. It has also to be seen if the banks can afford to take a huge hole on their P&L.
       Sale of assets is certainly an option. However, lower inflation is adding to the woes of India Inc as asset prices have plummeted. Until inflation rises, prices aren't going up which means debtors can't get the most from sale of assets. In short, near-term troubles of India Inc aren't ending anytime soon and banks and investors would feel the heat.
      Meanwhile, for the market the tsunami doesn't seem ending. Even if money flow slows down and market corrects it not going to be a huge correction. In fact correction will be an opportunity to buy. One can argue on valuation and future growth but when one is hit by a liquidity rally you just need to swim with the tide and not against it. Even in this market investors would be okay to invest and the best way to invest in the current market scenario is to go through the mutual fund route.
      If you are looking for a long haul getting in the market at these levels is still not a bad idea, the other best way to tackle volatility is to go through systematic investment plan (SIP). These days everyone on the street talks the same language advising investors to come through SIP. They aren't wrong as there isn't much option as investing directly into the equity market is riskier, especially in mid and small cap stocks. 

    AirAsia fund diversion case: Tata Sons denies Mistry charges
    • "We strongly reject the statement from Mistry which seeks to insinuate wrongdoings in the affairs of Air Asia India by Venkataramanan," Tata Sons said in a statement.
      It also said Air Asia India has taken definitive steps both in civil and criminal courts which have cleared the air in relation to the "mischievous allegations" made by the SP Group companies at the NCLT proceedings.
      "Contrary to any allegations, Tata Sons denies any conduct which could be said to be oppressive or resulting in mismanagement. We are of the view that these frivolous allegations levelled by Mistry and the SP Group are value- destructive," the statement added.
      Stating that Mistry's allegations and actions since his ouster has been hurting the group, the statement said, "it is ironical that Mistry continues to make statements that his actions are in the interest of the Tata Group. On the contrary, his actions thus far have consistently harmed the reputation of the Tata Group."
      "Tata Sons continues to evaluate its legal options in this regard as we have the highest respect for the judiciary and has never resorted to muzzle and interfere with legal proceedings as alleged by Mistry."
      After being summoned by a local court to appear before it on August 24 in a criminal defamation complaint filed by Venkataramanan yesterday, Mistry had accused the Tatas of subverting the legal system and warned that they could not muzzle him in with defamation suits.
      "The attempt to initiate criminal prosecution for alleged defamation is an ill-advised and immature proxy battle through Venkataraman whose role in Air Asia India is a subject matter of several investigations by law enforcement agencies.
      "The move by the Tata trustees to attempt to muzzle and interfere with legal proceedings will be effectively and appropriately dealt with. We believe in the legal system and know such subversion of justice systems will meet its fate," Mistry had said afer Venkataramanan's Rs 500 crore defamation complaint was accepted by a local court here yesterday.
      The Esplanade Metropolitan Magistrate's Court yesterday took cognisance of the Rs 500-crore defamation complaint filed by Venkatramanan against Mistry and others, and had directed them to appear before it on August 24.
      After he was ousted as chairman of Tata Sons on October 24, 2016, Mistry, in an e-mail, had alleged that fraudulent transactions worth Rs 22 crore had taken place at the group's aviation venture and accused Venkatramanan of having tried to cover it up. The issue, however, is now being probed by the Enforcement Directorate.
      On April 17, National Company Law Tribunal (NCLT) had dismissed a petition by two firms belonging to the Mistry family, seeking waiver of an eligibility condition for moving the forum against Tata Sons. Mistry later challenged this at the National Company Law Appellate Tribunal.
      The two firms had sought to challenge Mistry's ouster from Tata Sons and alleged that there was mismanagement and oppression of minority shareholders. They urged NCLT to use its discretion and waive an eligibility condition for filing such a petition.

    General Awareness

    CURRENT GENERAL AWARENESS PRACTICE MCQs FOR ALL BANK EXAMS

    • 1. Which denomination note was the first paper currency issued by RBI in January 1938?
      1) Rs.2
      2) Rs.5
      3) Rs.10
      4) Rs.100
      5) Rs.1000

      2. The central govt recently kickstarted Regional Air Connectivity Scheme (RCS) by awarding 128 regional routes to five airlines. Which of the following is NOT among these five airlines?
      1) Air Deccan
      2) Spice Jet
      3) Alliance Air
      4) Turbo Megha
      5) None of these

      3. The World Health Day is a global health awareness day celebrated every year on...
      1) 1 Apr
      2) 3 Apr
      3) 5 Apr
      4) 7 Apr
      5) 8 Apr

      4. On which one of the following issues can SEBI penalize any company in India?
      A. Violation of Banking Regulation Act
      B. Violation of Foreign portfolio of investment guidelines
      C. For violation of Negotiable Instrument Act.
      1) Only A
      2) Only B
      3) Only C
      4) Only A & B
      5) Only B & C

      5. MEITY has issued draft Information Technology (Security of Prepaid Payment Instruments) Rules 2017 for Prepaid Payment Instruments (PPI) company or e-wallet firms. What is the form of MEITY?
      1) Ministry of Electronics and Information Technology
      2) Ministry of Electronics and Information of Technology
      3) Ministry and Electronics and Information Technology
      4) Ministry of Electronics and Information Technique
      5) None of these

      6. The German Development Bank (KfW) and Uttar Pradesh based Energy Efficiency Services Limited (EESL) has signed a loan agreement for ......... million with a four year moratorium and a 12-year repayment period and where is the headquarter of 'The German Development Bank (KfW)'?
      1) 200 million and Frankfurt
      2) 100 million and Hamburg
      3) 500 million and Berlin
      4) 100 million and Frankfurt
      5) 200 million and Berlin

      7. How much amount of assistance would be provided to the National Agricultural Market (e-NAM) as per the Union Budget 2017-18?
      1) Rs.65 lakhs
      2) Rs.69 lakhs
      3) Rs.75 lakhs
      4) Rs.72 lakhs
      5) Rs.80 lakhs

      8. Under Pillar-2 of Basel III, the banks are to have a Board approved ICAAP and assess capital accordingly. ICAAP stands for
      1) Internal Capital Adequacy Assessment Procedure
      2) Internal Capital Approval Assessment Process
      3) Internal Capital Adequacy Assessment Process
      4) Internal Capital Assessment Approved Process
      5) None of these

      9. Who among the following has been appointed as the new chairman of the National Association of Software and Services Companies (NASSCOM) for 2017-18?
      1) R. Chandrashekhar
      2) Rishad Premji
      3) Vishal Sikka
      4) Raman Roy
      5) Shiv Nadar

      10. Which bank has planned to open up the Unified Payment Interface (UPI) platform for digital wallets firms as part of the government's digitization campaign?
      1) SBI
      2) RBI
      3) ICICI Bank
      4) Axis Bank
      5) HDFC Bank

      11. What percent of surcharge on income tax would be levied on individuals with income between Rs.50 lakhs and Rs.1 crore?
      1) 5 percent
      2) 7 percent
      3) 8 percent
      4) 9 percent
      5) 10 percent

      12. Gross domestic product is a measure of the total value of all
      1) consumer income in an economy over a period of time
      2) capital accumulation in an economy over a period of time
      3) sales in an economy over a period of time
      4) final goods and services produced in an economy over a period of time
      5) final as well as intermediate goods and services produced in an economy over a period of time

      13. The International Hockey Federation (FIH) recently confirmed Kalinga Stadium as the host of the Men's Hockey World League Final in Dec 2017. The stadium is situated in
      1) Patna
      2) Lucknow
      3) Bhubaneswar
      4) Bhopal
      5) Chandigarh

      14. Periyar National Park is also known as 'God's own country'. It is one of the most famous national parks of southern India and was established in 1950, covering an area of 925 square km. It is situated in
      1) Odisha
      2) Andhra Pradesh
      3) Tamil Nadu
      4) Kerala
      5) None of these

      15. According to the norms prescribed by RBI for setting up of white label ATMs, what is the minimum net worth the NBFCs should have?
      1) Rs.50 crore
      2) Rs.75 crore
      3) Rs.100 crore
      4) Rs.200 crore
      5) Rs.150 crore

      16. Which state government has launched 'Tirtha Darshan' scheme for senior citizens?
      1) Kerala
      2) Rajasthan
      3) Haryana
      4) Madhya Pradesh
      5) None of these

      17. The Indian Space Research Organization (ISRO) has successfully launched a record 104 satellites from the Satish Dhawan Space Centre (SDSC) in Sriharikota, Andhra Pradesh through which launch vehicle?
      1) PSLV C-36
      2) PSLV C-37
      3) PSLV C-38
      4) PSLV C-39
      5) None of these

      18. 'Relationship beyond banking' is a Tagline of which bank?
      1) Dena Bank
      2) Bank of Baroda
      3) Central Bank of India
      4) Bank of India
      5) SBI Bank

      19. The minimum amount of and multiple of commercial paper should be:
      1) Rs.1 lac, Rs.1 lac
      2) Rs. 1 lac, Rs. 5 lac
      3) Rs. 5 lac, Rs. 5 lac
      4) Rs. 5 lac and no multiple
      5) None of these

      20. Who won the 2017 Brisbane International Women's Doubles title?
      1) Sania Mirza and Bethanie Mattek
      2) Serena Williams and Venus Williams
      3) Bethanie Mattek and Chris Evert
      4) Sania Mirza and Martina Hingis
      5) Sania Mirza and Serena Williams

      21. The Bhavani Sagar Dam constructed across Bhavani River, is located in .....
      1) Odisha
      2) Karnataka
      3) Tamil Nadu
      4) Kerala
      5) None of these

      22. Leading global payments and technology firm, Mastercard is set to provide payments processing solution to which Payments Bank and who is the CEO of Mastercard?
      1) Indian Post Payment Bank and Ajaypal Singh Banga
      2) Airtel Payment Bank and Richard Haythornthwaite
      3) Paytm Payment Bank and Richard Haythornthwaite
      4) Airtel Payment Bank and Ajaypal Singh Banga
      5) Paytm Payment Bank and Alfred F. Kelly

      23. What is Net Interest Income (NII)?
      1) Difference of interest earned on assets and non-interest income.
      2) Difference of assets and liabilities.
      3) Difference of interest earned on assets and Interest paid on liabilities.
      4) Both (1) and (2)
      5) None of the above

      24. Where is the headquarter of Deutsche Bank?
      1) Singapore
      2) Russia
      3) France
      4) Germany
      5) None of these

      25. Who has been appointed as the managing director of Life Insurance Corporation of India and where is the headquarter of LIC?
      1) Hemant Bhargava and Mumbai
      2) Girish Chandra Murmu and New Delhi
      3) Alice G. Vaidyan and Gujarat
      4) Hemant Bhargava and New Delhi
      5) Alice G. Vaidyan and Mumbai

      26. India's ranking in the current Travel and Tourism Competitive Index (TTCI) of the World Economic Forum is
      1) 65th
      2) 40th
      3) 52nd
      4) 62nd
      5) 33rd

      27. Many times, we read in newspapers that a company is planning to bring a public
      issue. What does it mean?
      I. Shares of the company will be issued only through public sector organizations like banks/ central financial institutions etc.
      II. Shares of the company will be issued to general public only through primary market.
      III. This means some stakeholders/promoters are willing to leave the company.
      Hence, they wish to sell their stock to the general public.
      Select the correct answer using the codes given below
      1) Only I
      2) Only II
      3) Only III
      4) All of the above
      5) None of the above

      28. Name the noted Gujarati poet and ghazal writer, has passed away in Ahmedabad, Gujarat.
      1) P V Modi
      2) Surender Modi
      3) Chinu Modi
      4) Ved Prakash Modi
      5) None of these

      29. Which bank has received medals in the Collateral Awards Category at the 11th Global Communication Conclave held in Bengaluru?
      1) ICICI Bank
      2) Bank of Baroda
      3) Canara Bank
      4) South Indian Bank
      5) Axis Bank

      30. Treasury Bills means
      1) salary bills drawn by Government officials on the treasury
      2) bills drawee by the Government contractors and other suppliers on the treasury for the dues owed to them by the Government
      3) obligation of the Government of India issued by the Reserve Bank of India and payable normally 91 days after issue
      4) a mode of drawings by the Treasury Office on the Reserve Bank of India
      5) None of the above

      31. The International Day of Forests is observed every year on which date to celebrate and raise awareness of the importance of all types of forests and of trees outside forests for the benefit of current and future generations and what is the theme of 2017 The International Day of Forests?
      1) March 20 and Forests and Animals
      2) March 21 and Forests and Greenery
      3) March 20 and Forests and Energy
      4) March 18 and Forests and Greenery
      5) March 21 and Forests and Energy

      32. The Reserve Bank of India (RBI) has proposed to cap the upper limit for Pre-paid Payment Instruments at Rs. ........ lakh due to the growing usage of PPIs for purchase of goods and services as well as funds transfer.
      1) Rs.5 lakh
      2) Rs.1.5 lakh
      3) Rs.1 lakh
      4) Rs.2 lakh
      5) Rs.3.5 lakh

      33. Which life Insurance launched iSelect term plan to expand its online product suit and iSelect term plan provides enhanced protection cover for the family at an affordable premium?
      1) Bajaj Allianz General Insurance
      2) Canara HSBC and Oriental Bank of Commerce Life Insurance
      3) ICICI Prudential Life Insurance
      4) PNB MetLife India Insurance Company Limited
      5) Reliance General Insurance

      34. Who among the following won the 2017 Chinese Grand Prix F1 championship?
      1) Kimi Raikkonen
      2) Daniel Ricciardo
      3) Lewis Hamilton
      4) Max Verstappen
      5) Sebastian Vettel

      35. Which institution is known as 'soft loan window' of the World Bank?
      1) IFC
      2) IDA
      3) IMF
      4) Indian Development Forum
      5) None of these

      36. The Digital Payments 2020 report said that digital payment industry in India is expected to reach USD 500 billion by 2020. The report was published by which of the following institutions?
      1) Google and World Bank
      2) World Bank and UNESCO
      3) Google and Boston Consulting Group
      4) UNESCO and Boston Consulting Group
      5) All of these

      37. Name the India's most successful Badminton player, who has been appointed as a new member of the governing body of Sports Authority of India (SAI).
      1) Jwala Gutta
      2) Saina Nehwal
      3) PV Sindhu
      4) Ashwini Ponnappa
      5) None of these

      38. Who was appointed as deputy governor of Reserve Bank of India (RBI) for three years?
      1) Viral Acharya
      2) Surekha Marandi
      3) N. S. Vishwanathan
      4) B.P. Kanungo
      5) None of these

      39. How much amount has been proposed by the government in the Union Budget 2017 for each pregnant woman under maternity Benefit Scheme who undergoes institutional delivery and vaccinates their children?
      1) Rs.4,500
      2) Rs.5,000
      3) Rs.7,000
      4) Rs.6,000
      5) Rs.10,000

      40. Many economists, bankers and researchers in India often advocate that banks should equip themselves for new challenges. These challenges are in which of the following shapes/ forms?
      I. As India economy is getting increasingly integrated with the rest of the world the demand of the Corporate banking is likely to change in terms of size, composition of services and also the quality.
      II. The growing foreign trade in India will have to be financed by the local banks.
      III. Foreigners are habitual of the comforts provided by the technology. India has to do a lot in this Reference.
      1) Only I is correct
      2) Only II is correct
      3) Only III is correct
      4) All of the above
      5) None of the above

      41. Which of the following films won the Best Picture Oscar at the 89th Academy Awards?
      1) Moonlight
      2) Manchester by the Sea
      3) La La Land
      4) Fences
      5) The Salesman

      42. Rohan Bopanna recently lifted the men's doubles crown of the 2017 Monte Carlo Masters Tennis tournament with his partner ....
      1) Marcin Matkowski
      2) Jeevan Nedunchezhiyan
      3) Marc Lopez
      4) Feliciano Lopez
      5) Pablo Cuevas

      43. Togrog is the currency of which of the following countries?
      1) Malaysia
      2) Mongolia
      3) Venezuela
      4) Cambodia
      5) Zambia

      44. The IRDAI has reduced premium rates of motor third party insurance for some categories of vehicles for 2017-18. The present Chairman of IRDAI is
      1) Yogesh Aggarwal
      2) TS Vijayan
      3) VK Sharma
      4) Ajay Tyagi
      5) UK Sinha

      45. India is pegged to be the fastest growing economy in the world in 2017-18 as International Monetary Fund (IMF) retains India's growth forecast for FY18 at
      1) 6.9%
      2) 7.2%
      3) 7.4%
      4) 7.6%
      5) 7.8 %

      46. Which of the following tech giants introduced 'Solve for India' campaign aimed at empowering developers from Tier II cities?
      1) Microsoft
      2) Facebook
      3) Google
      4) Twitter
      5) Yahoo

      47. The World Red Cross Day is observed every year on
      1) 1 May
      2) 8 May
      3) 18 May
      4) 28 May
      5) 31 May

      48. The world's tallest tower, Jeddah Tower, which is to rise more than a kilometre (almost 3,300 feet), is coming up in which country?
      1) Iran
      2) Saudi Arabia
      3) Kuwait
      4) Bahrain
      5) UAE

      49. Private lender Kotak Mahindra Bank is planning to raise about Rs.5,662 cr through sale of 62 mn shares through QIP. Expand the term QIP.
      1) Qualitative Institutional Placement
      2) Quantitative Institutional Placement
      3) Qualified Institutional Placement
      4) Quick Institutional Placement
      5) None of these

      50. Ritu Phogat, who won a bronze medal at the Asian Championship, is associated with
      1) Weightlifting
      2) Boxing
      3) Wrestling
      4) Shot Put
      5) Javelin Throw

      ANSWERS:

      1-2, 2-5, 3-4, 4-2, 5-1, 6-1, 7-3, 8-3, 9-4, 10-2
      11-5, 12-4, 13-3, 14-4, 15-3, 16-3, 17-2, 18-4, 19-3, 20-1
      21-3, 22-4, 23-3, 24-4, 25-1, 26-2, 27-2, 28-3, 29-3, 30-3
      31-5, 32-3, 33-2, 34-3, 35-2, 36-3, 37-1, 38-4, 39-4, 40-1
      41-1, 42-5, 43-2, 44-2, 45-2, 46-3, 47-2, 48-2, 49-3, 50-3

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