DAILY CURRENT AFFAIRS: 8 AUG 2016

DAILY CURRENT AFFAIRS: 8 AUG 2016

(Daily News India)

Shared By: WWW.DailyGk.IN

1. UNION GOVERNMENT AIMS TO ROLL OUT GST FROM APRIL 1, 2017

i. The Union Finance Minister Arun Jaitley announced that the Government has set the ambitious target to start imposing the Goods and Services Tax from 1st April 2017.

ii. He also unveiled a detailed roadmap for GST implementation.

iii. The announcement was made after Rajya Sabha had passed The Constitution (122nd Amendment) (GST) Bill, 2014.

2. UNION GOVERNMENT FIXES AN INFLATION TARGET OF 4 PERCENT FOR FIVE YEARS

i. The Union Government has set an inflation target of 4 % for the next five years with a range of plus/minus 2 % for the next five years under the monetary policy framework.

ii. The agreement is finalised after Union Government and Reserve Bank of India  had agreed on a monetary policy framework.

iii. Union Government will soon set-up Monetary Policy Committee  to adhere to the target till March 31, 2021.

3. SOUTH INDIA'S FIRST DOPPLER WEATHER RADAR INAUGURATED

i. ISRO chairman A S Kiran Kumar has inaugurated a 'C Band Polarimetric Doppler Weather Radar' at the Vikram Sarabhai Space Centre  Thiruvananthapuram.

ii. Prime Minister Narendra Modi had inaugurated the first Doppler weather radar in Cherrapunji which was built by the ISRO.

iii. This Doppler weather radar can provide advance information about cyclones,storms,, and other severe weather conditions.

iv. The data from this radar would help India Meteorological Department  to forecast weather predictions.

4. NAIDU LAUNCHES SWACHH SURVEKSHAN FOR 500 CITIES

i. Union Urban Development Minister Venkaiah Naidu has launched Swachh Survekshan-2017 for 500 cities in the country.

ii. The idea of the program is to make competitive environment make the cities clean in New Delhi.

iii. The main objective of Swach Survekshan is not to point out shortcomings but to suggest ways to improve the state of cleanliness in the particular area.

5. IBM AND APPLE OPEN FIRST GLOBAL DEVELOPMENT HUB IN INDIA

i. IBM in partnership with Apple has launched a new global development hub at Manyata Tech Park, Bengaluru.

ii. It aims to help the clients in India complete digital mobility process platform.

iii. IBM is also planning to launch satellite centres in many other countries including China, Romania, and Brazil.

CURRENT AFFAIRS GK QUIZ BASED ON TODAY’S NEWS

1. NAME THE CHAIRMAN RAJYA SABHA OF INDIA?

a. Arun Jaitley

b. Ghulam Ali Azad

c. Md. Hamid Ansari

d. P J Kurien

2. WHAT PERCENT OF INFLATION IS BEING TARGETED BY UNION GOVERNMENT FOR FIVE YEARS?

a. 4%

b. 4.5%

c. 4.6%

d. 4.8%

3. HOW MANY COMPANIES ARE PARTICIPATING IN INDIA’S INTERNATIONAL FOOTWEAR FAIR?

a. 253

b. 263

c. 273

d. 283

4. NAME THE SCHEME WHICH IS LAUNCHED TO SUGGEST WAYS TO IMPROVE THE STATE OF CLEANLINESS IN THE PARTICULAR AREA?

a. Swach Kalayan

b. Swach Bharat

c. Swach Survekshan

d. None of the above

5. “MANAYATA TECH PARK” IS LOCATED AT?

a. Bangalore

b. Gurgaon

c. Mumbai

d. Surat

6. WHO IS THE PRESIDENT OF BRAZIL?

a. Nymar Temer

b. Michel Temer

c. Nelson Temer

d. Raga Temer

7. WHAT IS THE THEME OF “RIO SUMMER OLYMPICS 2016”?

a. World Sports Enthusiasm

b. World Interface Development

c. World Awareness about Sports

d. World Peace & Environment

ANSWERS:

1) C     2) A    3) C     4) C     5) A    6) B    7) D

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DAILY CURRENT AFFAIRS: 7 AUG 2016

DAILY CURRENT AFFAIRS: 7 AUG 2016

(Daily News India)

Shared By: WWW.DailyGk.IN

1. VIJAY RUPANI TO BE CM OF GUJARAT

i. BJP state chief Vijay Rupani has been named as the new Chief Minister of Gujarat and  Nitin Patel as Deputy CM of gujrat.

ii. Former Cm of Gujrat   Anandiben Patel  has  resigned a few days ago.

2. FIRST TECH MEET OF HYDROCARBON VISION 2030

i. The first technology meet under the Hydrocarbon Vision 2030 for Northeast India has been started in Guwahati .

ii. The meet is a stepping stone to put the north-east region on top of Indian energy map by utilising its hydrocarbon potential in line with the Hydrocarbon Vision 2030.

iii. The experts from different PSUs and private sector oil firms are attending the two-day technology meet.

3.  ODISHA OPENS 100 NEW MULTI-PURPOSE CALAMITY SHELTER UNITS

i. CM Naveen Patnaik has dedicated 100 multi-purpose shelter houses to the people of Odisha for use during floods and cyclones.

 ii., The main aim of the programme is to ensure zero casualty during calamities.

iii. Theses 100 new shelters will add to the state’s existing 526 multi-purpose shelter houses, adding people can take shelter in these places during calamities like floods and cyclones.

4. RBI IMPOSES PENALTY ON TWO COOPERATIVE BANKS OF CHHATTISGARH

i. Reserve Bank of India has imposed the penalty on two cooperative banks of Chhattisgarh under the Banking Regulation Act, 1949.

ii. The Zila Sahakari Kendriya Bank Maryadit, Raipur and Raipur Urban Mercantile Cooperative Bank Limited are the two on which RBI imposed the penalty of five lakh rupees each.

iii. The banks are penalized for violating the directives/guidelines of the Central Bank on 'Know Your Customer' norms.

5. IBJA ANNOUNCES AWARDS FOR INDIAN MEDAL WINNERS AT RIO 2016 OLYMPICS

i. India Bullion and Jewellers Association  has announced 500 gms Sovereign Gold Bonds and silver to the Indian medal winners at the Rio 2016 Olympics.

ii. The Sovereign Gold Bonds of 500 gms will be awarded to the Gold Medal winners and 1 kg silver will be awarded to Silver Medal winners.

iii. This timeAC the Indian Olympic Association is going to send the nation's largest ever delegation in Summer Olympic history.

CURRENT AFFAIRS GK QUIZ BASED ON TODAY’S NEWS

1.  RECENTLY WHO HAS TAKEN OATH AS THE NEW CHIEF MINISTER OF GUJRAT?

a) Anandiben Patel

b) Vijay Rupani

c) Nitin Patel

d) Amit Shah

2. “GUWAHATI” IS SITUATED IN WHICH RIVER’S BANK?

a) Ganga

b) Yamuna

c) Brahamputra

d) Kosi

3. NAME THE CHIEF MINISTER OF GOA?

a) Laxmikanth Parsekar

b) Laxmikanth Sinha

c) Laxmikanth Iyer

d) None of these

4. WHAT IS THE CAPITAL OF CHHATTISGARH?

a) Raipur

b) Bhopal

c) Sagar

d) Gwalior

5. WHO IS THE AUTHOR OF “KATHANIBARI GHAT”?

a) Sarojani Naidu

b) Rabindranath Tagore

c) Munsi Prem Chand

d) Mahim Bora

6. RBI IMPOSED PENALTY ON WHICH STATE COOPERATIVE BANK?

a) Chhattisgarh

b) Madhya Pradesh

c) Gujrat

d) Tamil Nadu

7. FIRST TECH MEET OF HYDERABAD VISION 2030 HELD AT?

a) Gangtok

b) Imphal

c) Guwahati

d) Agartala

ANSWERS:

1) B    2) C     3) A    4) A    5) D    6) A    7) A

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DAILY CURRENT AFFAIRS QUIZ - 9 AUGUST

DAILY CURRENT AFFAIRS QUIZ - 9 AUGUST

1.    Who of the following created history by becoming the first Indian gymnast to enter the Olympic final at the Rio Olympic Centre?

a)    Deepika Kumari

b)    Dipa Karmakar

c)    Yelena Produnova

d)    Ashish Kumar

2.    Who of the following headed the BCCI Panel that was formed to advice on SC verdict on implementation of Justice Lodha committee recommendations?

a)    Justice (retd) Markandey Katju

b)    Ram Jethmalani

c)    Justice (retd) MB Shah

d)    Madhav Chitale

3.    Which App was launched by Union Government in August 2016 to enable citizens’ associate more and more with Swachh Bharat Mission in urban areas?

a)    SwachhIndia App

b)    SwachhBharat App

c)    Swachhata App

d)    SwachhBharatAbhiyan App

4    Prime Minister Narendra Modi in August 2016 launched Mission Bhagiratha in which state?

a)    Uttar Pradesh

b)    Telangana

c)    Andhra Pradesh

d)    Uttarakhand

5.    Who of the following was sworn-in as the deputy Chief Minister of Gujarat?

a)    Vijay Rupani

b)    Saurabh Patel

c)    Nitin Patel

d)    Ganpat Vasava

6.    Who of the following was sworn-in as the 16th Chief Minister of Gujarat?

a)    Vijay Rupani

b)    Nitin Patel

c)    Saurabh Patel

d)    Ganpat Vasava

7.    Name the state that launched ‘Baristha Bunakar Sahayata Yojana’, a special assistance scheme for elderly weavers.

a)    Odisha

b)    Karnataka

c)    Telangana

d)    Assam

8.    Name the state that launched an online service for consumers to apply for low-tension service connections.

a)    Delhi

b)    Tamil Nadu

c)    Karnataka

d)    Assam

9.    Name the portal launched by the Reserve Bank of India (RBI) to check illegal money collection?

a)    Sanchay

b)    Sachet

c)    Sanchit

d)    Nirikshak

10.    What is the theme of the World Breastfeeding Week 2016?

a)    Breastfeeding: A key to Sustainable Development

b)    Breastfeeding and Work – Let's Make it Work!

c)    Breastfeeding: A Winning Goal for Life

d)    None of the above

ANSWER

1.B, 2.A, 3.C, 4.B, 5.C, 6.A, 7.A, 8.B, 9.B, 10.A,

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BANKING QUIZ -34 FOR IBPS-PO &CLERK EXAM

BANKING QUIZ -34 FOR IBPS-PO &CLERK EXAM

1. As per the newspaper reports the RBI is planning to introduce “Plastic Currency Notes’. What is/are the benefits of ‘Plastic Notes’?

I. Their Shelf life will be longer.

II. It will replace plastic money or credit, debit cards which are giving birth to many fraudulent practices.

III. Printing will be cheaper.

(a) Only I

(b) Only II

(c) Only III

(d) All of the above

2. ‘Sub Prime Lending’ is a term applied to the loans made to?

(a) Those who have a good credit history and are known to bank since 10 years

(b) Those who wish to take loan against the mortgage of tangible assets

(c) Those borrowers who do not have a good credit history

(d) None of the above

3. What is the indivisual’s maximum limit of fund transfer of RBI-EFT?

a. 10 lakh

b. 30lakh

c. 90 lakh

d. No Limit

4. Who can fix the interest rates on NRE and FCNR (B) deposits?

a. Board of Directors of banks

b. Asset-Liability Management Committee 

c. Governor of RBI

d. Both (a) & (b)

5. Name the scheme through which transferring of personal remittances from abroad to beneficiaries in India?

a. MTSS

b. ATTS

c. MMSS

d. ATMS

e. Both (a) & (b)

6. What is the limit of foreign exchange for an indivisual for going abroad on employment basis?

a. USD 250000

b. USD 215000

c. USD 205000

d. USD 200000

7. Name the website which is launched by RBI to curb Illegal Collection of Deposits?

a. Janhit

b. Viswas

c. Sachet

d. None of the above

8.  Who issues Sovereign Gold Bond scheme?

a. Finance Minister of India

b. RBI

c. SEBI

d. Public sector banks

9. Under Indo-Nepal Remittance Facility Scheme, what is the maximum limit of fund transfer through NEFT enabled bank from India to Nepal?

a. Rs 50000

b. Rs 65000

c. Rs 52000

d. Rs 60000

10. What is the mandate for banks for issuing Magnetic stripe cards or Chip-based cards?

a. Mag-strip and CVV number

b. EVM Chip and pin enabled

c. EVM chip and finger prints

d. Mag-strip and finger prints

e. None of the above

ANSWER KEY

1.A,2.C,3.D,4.D,5.A,6.C,7.C,8.B,9.A,10.C

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BANKING QUIZ -33 FOR IBPS-PO &CLERK EXAM

BANKING QUIZ -33 FOR IBPS-PO &CLERK EXAM

1. Which Act was framed specially to monitor the Non-Performing Assets (NPA)?

1.   Banking Regulation Act 1949

2.   Foreign Exchange Management Act (FEMA) 1999

3.   Industrial Disputes Act 1947

4.   NPA Act, 2000

5.  SARFAESI Act, 2002

2. If any company which is a financial institution carrying on as its principal business the acquisition of securities is called as_______.

1.   Investment Company (IC)

2.   Loan Company (LC)

3.   Infrastructure Finance Company (IFC)

4.   Asset Finance Company (AFC)

5.   None of these

3. Which of the following is the largest network of shared automated teller machines (ATMs) in India?

1.   Immediate Payment Service(IMPS)

2.   National Financial Switch (NFS)

3.   Cheque Truncation System(CTS)

4.   Aadhar Enabled Payment System (AEPS)

5.   None of these

4. Name the bank, which partnered with UltraCash Technologies to launch payments processing through sound waves?

1) HDFC Bank                  

2) ICICI Bank

3) Yes Bank                                               

4) Axis Bank

5. Which of the following international organization has lead the race to buy stake in government controlled IDBI bank?

1.   Asian Development Bank

2.   Commonwealth Development Corporation

3.  GIC of Singapore

4.   International Finance Corporation

5.   None of these

6. Who was the first Governor of RBI?

1) Osborne Smith

2) James Braid Taylor

3) C.D.Deshmukh

4) Raghuram Rajan

7. Bank of Rajasthan was merged with which private sector bank?

1) HDFC Bank

2) Axis Bank

3) ICICI Bank

4) Kotak Mahindra Bank

8. Which bank are Public Sector Banks of India?

1) 50 % stake held by government

2) More than 50 % stake held by government

3) Less than 50 % stake held by government

4) None of the above

9. “Marginal cost of fund based lending rate system (MCLR)” has been replaced which of the following system?

1. LIBOR

2. MIBOR

3. SLR

4. Base rate system

10. When a country decides to conduct trade on favorable terms with another country for mutual benefits, this is called?

(1) FTA System

(2) Bilateral Trade

(3) MFN Status

(4) Counter Trade

ANSWER KEY

1.5, 2.5, 3.2, 4.3, 5.4, 6.1, 7.3, 8.2, 9.4, 10.3,

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