Latest Current Affairs - May 30, 2016

Sports

IPL - 2016

Sun risers Hyderabad  (SRH) has won 9^th Edition of Indian Premier League (IPL), 2016  by defeating Royal Challengers Bangalore(RCB) in Final match at Chinna swamy Stadium in Bangalore. SRH has scored 208 runs with a loss of 7 wickets  , but RCB failed to chase the given target and were all out at 200 runs.  

Olympic Qualifiers

 Disc thrower Seema Punia has qualified for 2016 Rio Olympics to be held in Rio de Janeiro, Brazil in August. She is the 19^th Indian track and field athlete to qualify for Rio Olympics. This qualification comes after she threw disc at 62.62 meters and winning Gold medal  in the Pat Young’s throwers classic 2016 held in United States.

Appointments

A R Karve

A R Karve has been appointed as Flag Officer Commanding in Chief of SNC( Southern Naval Command).He is replacing the position of vice Admiral Girish Luthra , who has been appointed as Flag Officer commanding in Chief of  WNC, (Western Naval Command).

Important Days

May 29

May 29^th is celebrated as International Day of United Nations Peacekeepers to honor peacekeepers who have lost their lives for the cause of Peace.  The theme for 2016 is “Honoring our Heroes”. Around 3,500 peacekeepers have lost there lives while serving under UN Flag.

New Programs

NZEB

Net Zero  Energy Buildings(NZEB)  portal was launched by  United States Agency for International Development (USAID)   and Indian Ministry of Power. This portal provides complete information about NZEB that generates as much energy as they consume which helps to achieve near Zero Energy status through efficient lighting and equipment and integration of renewable energy technologies.

States

Lakshadweep

Lakshadweep has become the 1^st Union Territory(UT) in country to sign “24 X7 Power for All” agreement document. This document envisions (Meaning: possibility in future)  for providing  round the clock  power supply to all households, agriculture, Industries etc. So far 22 States have singed this document.

Awards

Springer Theses Award

Arnab De , an Indian- American  scientist  has won Springer These Award 2016 for his outstanding research on developing transgenic mice to study a critical tumor suppresser A 20. Springer Theses Award is given in recognition of Outstanding PhD research at International level .

Scholastic  Asian Book Award

Aditi Krishnakumar , an Indian author   has won  2016 Scholastic Asian Book Award  for her 32,000 words manuscript  “Codex: The Lost Treasure of the Indus”.  Scholastic Asian book Award is given once in Two years  to promote reading and champion literary works of Asians  , with a cash prize of 10,000 Singapore Dollars.

Agreements /MoU’s

  India and Australia have singed a MoU to enhance Research and Development capabilities in Biotechnology by initiating joint Fund.  BIRAC from India and Horticulture innovation Australia have singed this MoU.  A funding of 6 Million Australian Dollars( Around 29 Crore Rupees)  is the commitment  in this MoU from both parties.

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Daily Current Affairs- May 28th, 2016

International

Nuclear Reactor

 China and Sudan have made 2 important agreements  for building 600 Megawatt  Atomic reactor in Sudan by China. This will be 1^st nuclear power plant in Sudan.

National Geographic Bee Contest

Indian-American students have outperformed in the  28^th National Geographic Bee Contest, 2016 held in Washington , USA.  Indians Americans Rishi Nair(1^st), Saketh Jonnalagadda(2^nd ) and Kapil Nathan(3^rd)  have stood in top 3 positions  who has received 33 lakh rupees, 16 lakhs rupees and 7 lakhs rupees scholarships respectively.  Interestingly it is the 5^th consecutive year Indian origin students have won this Contest.

States

New  CM

Mamata Benerajee ( Didi) has sworn in as Chief Minister of West Bengal state for the 2^nd consecutive term after winning recently held  elections . With 42 ministers in her government , this Trinamool Congress(TMC) party leader rule the state next 5 years as 8^th chief minister of the state.

                              Earlier she served as Central minister of Railways 2 times, Minister of Coal and also Human Resource Development.

National Investment &Manufacturing Zone in Odisha

A large 163 km² area spread NIMZ(National Investment and Manufacturing Zone) is going to be set up in Kalinganagar, Odisha for which final approval has been given by Union Ministry of Commerce & industry and funds of  4241 Crore Rupees have been allotted to it.

According to government,  this  NIMZ will create 1.5 lakh job opportunities  and help Odisha to grow as a manufacturing hub.   

Deaths

R G Jadhav

RG Jadhav(83), a noted Marathi litterateur who served as Chief editor of ‘Marathi Vishwakosha’  has  passed away in Mumbai on May 27^th .His famous books list include, “Nilee Pahat”, “Baapu”, “Anandacha Doh” .

Awards

“Harvard Alumni Achievement Award”

Sunil Bharti  Mittal  , CEO of Bharti Enterprises has received prestigious  “2016 Harvard  Business School Alumni Achievement Award” . His Company Bharti Enterpises is the largest telecom company in India and world’s 3^rd largest mobile operator. All over the world he has more than 27.5 Crore customers base.

National

Indian Railways

“ Rail Humsafar Saptaah”   a one week program  organized by  Indian Railways to highlight the significant achievements it has made . Starting from May 26^th daily unique events will be organized till June 1^st . They include 26^th– Swachchta Diwas, 27^th- Satkar Diwas, 28^th- Sewa Diwas, 29^th-Satarkata diwas, 30^th – Saamanjasya Diwas, 31^st- Sanyojan Diwas, June 1^st – sanchaar Diwas.

Stay on Reservation

Punjab and Haryana High Court has put Stay on the reservation Quota for Jats and other 5 communities in Haryana. Earlier Haryana government has provided reservation to these communities under newly carved Backward Class Act, 2016.

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May 2016 Current Affairs/ General Awareness - Week 3

Important Days

a) In India May 21 is observed as Anti-Terrorism Day to spread awareness about dangers of terrorism and violence on people and society.

b) May 22 is observed as International Day for Biological Diversity to promote conservation and sustainable use of biodiversity. The theme of this year (2016) is “Mainstreaming Biodiversity; Sustaining People and their Livelihoods|

Appointments
a) Mary Robinson and Macharia Kamau have been appointed as United Nations Special envoys for El Nino and climate change. These envoys will provide leadership in tackling challenges and responses to climate change and El Nino effects to scale up humanitarian response in urgency.

b) Ratan P Watal is appointed as Principal advisor of social sector in NITI Aayog(National Institution for Transforming India) for next 3 Years.

 c) Kiran Bedi, former IPS officer has been appointed as Lieutenant Governor of Puducherry according to Article 239.Kiran Bedi was the 1st Woman IPS officer in India .

Apple Inc CEO Tim Cook and KCR

 Launches/ Inaugurations 

a) US based Technology giant , ‘Apple Inc’ has inaugurated its New Development centre in Hyderabad,Telangana by Apple CEO ‘Tim Cook’ . In this Development centre Apple will focus on development of Map’s technology for its flagship products including IPhone, Mac Book, Apple Watch etc.
                                    On this occasion Apple Inc has also announced that it will open Ios App Design and Development Accelerator in Bengaluru, Karnataka.

b) Centre for Environmental health” , which assess the impact of environment related issues on Health has been launched in Capital New Delhi by Minister of Health and Family welfare J.P.Nadda.
This is a joint imitative of Public Health Foundation of India,PHFI and Tata Institute of Social sciences,TISS.

Economy

a)State Bank of India(SBI) decided to merge it’s 5 associate public sector banks and BMB within itself and has informed BSE(Bombay stock exchange) that it is seeking in principal approval from Government.
                         The 5 associate bank of SBI are 1. State Bank of Hyderabad 2. State Bank of Mysore 3. State Bank of Bikaner and Jaipur 4. State bank of Travancore and 5. State Bank of Patiala. And also it’s completely Women employee bank , Bharatiya Mahila Bank(BMB)

b) HDFC bank has launched SmartUp , which is a dedicated solution for Startup’s to fulfill all there banking requirements like banking and paying solutions, forex and advisory services, current account and waiver of average monthly balance for first 6 months.
                       SmartUp is launched in collaboration with Mumbai based start up accelerator ‘Zone Startups India’

c) India and Slovenia have agreed to amend bilateral DTAA (Double Taxation Avoidance Agreement). Sarvajit Chakravarthi ( Indian amassidor to Slovenia) and Dusan Mramor (Finance Minister of Slovenia) have signed this protocol. This will help to curb tax evasion by exchange of information between the two countries.

Committees
a) A 5 member committee headed by NK Singh has been constituted to review and suggest recommendations on Fiscal responsibility and Budget Management route map for future, FRBM
The 5 member committee includes Rathin Roy, Urjit Patel, Arvind Srubramanian, Sumit Bose and NK Singh. The committee will submit it’s report to Government by October 31st 2016.

b) 11 members committee headed by Lt Gen D B Shekatkar has been constituted to recommend measure to re- balance overall defense  expenditure and enhance combat capability .

National
a) Union government has decided to start ASMITHA, a student tracking programme from 2017. Under Shala Asmita Yojana(SAY) , All School Monitoring Individual Tracing Analysis (ASMITHA) would track the educational journey of students from Class 1 to Class 12 across 15 lakh schools of government and government aided schools in India.
                                       Under this, students Aadhaar numbers will be used to track the educational development , be it their attendance, enrollment, dropping out, mid day meals, toilets , infrastructure etc. in the form an online database.

b) Intelligent Operations Centre(IOC) and ‘Monitor’ are launched in Rashtrapati Bhavan by President Pranab Mukherjee.
- IOC is software which provides insights of the Rashtrapati Bhavan Estate by collecting rich data from several resources and ‘Monitor’ is mobile application which help residents and supervisors to collaborate in smarter way.

States
a) India and World Bank have inked USD 100 million loan agreement for Karnataka Urban water supply modernization.  4 components under this project  are 1) Capital investment, 2) Institutional building 3) Technical Assistance for sector development, 4) Project maintenance addressed .
                        Objectives of this 100 millions USD project are to provide city wide access to continuous piped water supply and strengthen the service delivery arrangements in cities. Initially the project will be implemented in Huballi- Dharwad twin cities .

Jayalalitha

b)Ms. Jayalalitha sworn in as Chief Minister of Tamilandu for the record 6th time after winning 2016 elections.

International 

a) Tsai Ing-wen(59) has sworn in as President of Taiwan on May 20, 2016. She is the 1st female president and 14th President of Taiwan. Tsai Ing Wen is the leader of Democratic progressive party(DPP) .

Rupa Iyer

b) An Indian American professor, Rupa Iyer has been awarded with “Distinguished Leadership in Teaching Excellence” Award by University of Houston in United States for her sustained and significant contribution in the field on Teaching.

c) Philip Abraham, an Indian Journalist who hails from Kerala has been elected as Deputy Mayor of Loughton in United Kingdom.Mr. Philib Abraham is editor of Kerala link.

d) India and Oman have signed 4 MoU’s on defense cooperation and others during the visit of Defense minster Manohar Parikar in Oman. The 4 MoU’s are a) MoU in Defence cooperation b) MoU in Marine Crime Prevention c) MoU on Maritime Issues and d) MoU in Flight safety information Exchange.

e) India , Iran and Afghanistan have signed historic 3-way land transmit agreement on Iran southern port ‘Chabahar’ which is strategically located in Sistan- Balochistan Province , on the energy rich Persian Gulf Nation’s south coast which can be easily accessed from Indiawestern coast bypassing Pakistan.
                              This historic agreement is signed during Naredra Modi visit to Iran where Iran President Hassan Rouhani, Afghanistan President Ashraf Ghani and Modi together signed .

Deaths
Diwaliben Bhil, a veteran Gujarati folk singer who received Padma Shri award in 1991 for her contribution in Gujarati music has passed away on May 19, 2016.

Conference
The 1st World Conference on Tourism for Development(WCTD) was held in Beijing(China) from May 18th to 21st, 2016 with the theme of “Tourism for Peace and Development”

Sports 

Anurag Thakur is elected as 34th BCCI (Board of Control for Cricket in India) President succeeding Shashank Manohar who was elected as ICC Chairman. Anurag Thakur is a MP from Hamirpur in Himachal Pradesh.

Awards
a) Pawan Chamling, Chief Minister of Sikkim is conferred with “Yug Kavi Siddhicharan” which is Nepal’s prestigious literary award for his contribution in promoting Nepali literature in India.
 Pawan chamling has also received Chintan Puraskar in 1987, and Bhanu Puraskar in 2010 from Skikkim Sahitya Parishad.

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General awareness / Financial awareness Quiz 2016

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1. Who among the following has resigned from the President of BCCI Post ?

1. Jaganmohan Dalmiya

2. Sharad Pawar

3. Shashank Manohar

4. Narendra Modi


2. “ World Migratory Bird Day” is celebrated on ?

1. May 11

2. May10

3. May 1

4. May15

3. South Asia Initiative to end violence against children, 4th Edition has begun in New Delhi. This event will be held from ?

1. May 5 to 10

2. May 9 to 11

3. May 3 to 6

4. May 9 to 14


4) Who is appointed as International Cricket Council (ICC) President recently?

1. Sharad pawar

2. Ricky pointing

3. Surav Ganguly

4.Shahank Manohar


5. Who took charge as managing director (MD) and chief executive officer (CEO) of Multi Commodity Exchange (MCX), country’s largest commodity exchange

1) Mrugank Paranjape

2) Arundati Roy

3) Chanda Kochhar

4) Rangarajan

6. Atma Ram Nadkarni is recently appointed as ______ by Union government of India?

1)Adovocate general

2)Chief general

3)Chief justice

4)Additional Solicitor
General

7. Who has won Mutua Madrid Open 2016 Tilte in Men’s singles category ?

a) Roger federer

b) Rafael Nadel

c) Mahesh Bhupathi

d) Novak Djokovic

8. What is the name of Indian Origin lawyer who was recently elected as member of parliament in Singapore ?

1. Muralidharan

2. Murali Pillai

3. Mukesh

4. Anand patel

9. What is the emergency number which will be operational from 2017 for services of police, ambulance and fire department?

1) 108

2) 111

3) 110

4) 112

10. Union government has released a commemorative coin of Rs.100 and a circulation coin of Rs.___ as part of 475th Birth anniversary celebrations of Maharana Pratap.

1) 10

2) 5

3) 2

4) 20

11. India is ranked in ____ position in Crony capitalism Index with crony sector wealth accounting for 3.4 per cent of GDP.

1) 7

2) 5

3) 9

4) 1

12. Which state government has decided to set up Asia’s first rice technology park ?

1)Tamil Nadu

2)Maharashtra

3)Karnataka

4)Kerala

13. Sakshi Malik and Vignesh Phogat, two Indian women have qualified for 2016 Rio Olympics in which category of sport?

1) Archery

2) Sprint

3) Badminton

4) Wrestling

14. Indian railways had launched ________ Tourist Train for piligrims to visit Shiridi, Tirupathi, Jagannath Puri, Gangasagar etc

1) Bhagvan Darshan

2) Desi

3) Hindu Gyan

4) Bharat Darshan

15. Union government has launched UBIN issuance process for supporting emerging entrepreneurs . What does UBIN stand for?

1) Urban Business India

2) Universal Business International

3) Unique Business Identification Number

4) None of the above

16. Name of the Shashi Kapoor’s Biography which was released recently?

1) ‘Shashi Kapoor- the star’

2) ‘The veteran star – Shashi Kapoor’

3) ‘Shashi kapoor- The Householder, the Star’

4) None of the above

17. Which Indian private bank has inked a MoU with BRICS Grouping promoted New Development Bank for partnership in bond issuances, treasury management , Human resources etc.?

1) HDFC

2) AXIS

3) ICICI

4) Kotak Mahindra

18. Goa shipyard limted(GSL) has launched offshore patrol vehicle , _____an Indian coastguard ship at Panaji in may 2016

1) Vikranth

2) Sailesh

3) Shourya

4) Simha

19. Which veteran film maker statue has been unveiled by Switzerland Government as honour recently ?

1) B.R.Chopra

2) Aditya Chopra

3) Yash chopra

4) None of the above

20. Which country has won the 3rd Asian Kabaddi Championship 2016 ?

1) India

2) Pakistan

3) Bangladesh

4) China

21. Who has been appointed as Pakistan Cricket team head coach?

1) Johnty Rodes

2) Ricky pointing

3) Sunil gavaskar

4) Mickey Arthur

22. Who is the elected as first Muslim Mayor of London ?

1) Mehbooba Mufti

2) Banajeer Bhutto

3) Sadikh Khan

4) None of the above

23. Vice Admiral Sunil Lanba is appointed as Chief of ______?

1) Naval staff

2) Army staff

3) Scientist staff

4) Fighters staff

24. __________is appointed as Chief of Bureau of Civil Aviation Security ?

1) Rakesh Kumar

2) Kumar Rajesh Chandra

3) Satish Chandra

4) None of the above

25. How many Indian shuttlers have qualified for 2016 Rio Olympics?

1) 5

2) 3

3) 6

4) 7

26. What is minimum limit and maximum limits of RTGS transaction?

1) Min: 1 lakh, Max: 10 lakhs

2) Min: 2 lakh, Max: 20 Lakhs

3) Min:3 lakh, Max: 30 lakhs

4) Min: 2 lakh, Max: No limit

27. How many characters does IFSC code contain?

1) 10

2) 11

3) 9

4) 12

28. Money borrowed or lent for a day ( usually termed Overnight) is called _____money?

1. Daily money

2. Black money

3. Call money

4. Tell money

29. Cheuqe is ______Instrument?

1) Negotiable

2) Nonnegotiable

3) Fixed

4) None of the above

30. Full form of ATM?

1. Any time Money

2. All Time money

3. Always Teller Machine

4. Automated Teller machine

31. Which of the following is a credit rating agency?

1) Brazil

2) CRISIL

3) BRICS

4) None of the above

32. Which of the following is a qualitative tool for monetary policy?

1) Open market operations

2) CRR

3) Credit rationing

4) Bank rate

33. Which among the following is NOT a subsidiary of Reserve Bank of India (RBI)?

1) NABARD

2) DICGC

3) National housing bank

4) Bharatiya Reserve Bank Note Mudran Private limted(BRBNMPL)

5) None of the above

34. Who decides the amount of coins to be minted ?

1) SEBI

2) World Bank

3) RBI

4) Indian government



35. The decimal system in Currency notes & coins has started in India?

1) 1947

2) 1957

3) 1950

4) 1960

36. RBI has the sole right to issue notes, under____RBI act ?

1) 28

2) 32

3) 22

4) 26

37. Which committee has recommended establishment of special tribunals for Bank dues recovery ?

1. Rangarajan committee

2. Tiwari committee

3. Rakesh sharma committee

4. None of the above

38. Bad loans in banking terminology generally called as ?

1. Prime Asset

2. Key asset

3. NPA’s

4. GTP’s

39. Identify from the following options which is not an indicator of productivity for a bank branch

1) Net profit per employee

2) Business per employee

3) Neat and clean ambience

4) Accounts per employee

40. Currency notes issued by Reserve Bank of India are totally covered by ?

1) Gold

2) Foreign exchange

3) Approved assets

4) All of these

41. First private sector bank in India to open dedicated branch for start ups ?

1) SBI

2) HDFc

3) Axis Bank

4) RBL


42. Who is India’s permanent Representative to WTO currently ?

1) Shalini Sinha

2) Uma Shekhar

3) Anjali Prasad

4) None of the above

43. India has attracted ____ worth FDI investments projects in the year 2015?

1) $49 billion

2) $67billion

3) $63 billion

4) None of the above

44. Which bank has launched _____ based ATM in India for the first time?

1) ICICI

2) SBI

3) DCB

4) SBH

45. Minimum paid up capital for small banks is?

1) 100 crore

2) 200 crore

3) 500 crore

4) 10000 crore

46. What is Present Repo rate ?

1) 7.25%

2) 5.75%

3) 6.50%

4) 6.0%

47. Inflation in India is calculated based on which of the following?

1) CRR

2) Whole sale price index

3) Repo rate

4) Consumer price index

48. Sub prime lending means?

1) Lending to prime minster office employees

2) Lending to those borrowers who do not have good credit history

3) Lending to big entrepreneurs

4) None of the above

49. An arrangement in which two or more banks facilitate a person/party credit by coordinating with each other is called _____?

1) Syndication

2) Call money

3) Consortium

4) Hand shaking

50. The act of taking on a risk for a fee is called ____ in financial sector?

1) Overwriting

2) Undertaking

3) Sidelining

4) None of the above




Answer Key:

1.3

2.1

3.2

4.4

5.1

6.4

7.4

8.2

9.4

10.1

11.3

12.3

13.4

14.4

15.3

16.3

17.3

18.3

19.3

20.2

21.4

22.3

23.1

24.3

25.4

26.4

27.2

The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India. A code uniquely identifies each bank branch participating in the two main Payment and settlement systems in India: the Real Time Gross Settlement (RTGS) and the National Electronic Fund Transfer (NEFT) systems.

The IFSC is an 11-character code with the first four alphabetic characters representing the bank name, and the last six characters (usually numeric, but can be alphabetic) representing the branch. The fifth character is 0 (zero) and reserved for future use. Bank IFS Code is used by the NEFT & RTGS systems to route the messages to the destination banks/branches.  The format of the IFS Code is shown below.

28.3

29.1

30.3

31.2

32.3

The quantitative instruments are Open Market Operations, Liquidity Adjustment Facility (Repo and Reverse Repo), Marginal Standing Facility, SLR, CRR, Bank Rate, Credit Ceiling etc. On the other hand, qualitative instruments are: credit rationing, moral suasion and direct action (by RBI on banks).

33.5

34.4

35.2

36.3

37.2

38.3

39.3

40.4

41.4

The dedicated branch was inaugurated at Koramangala, Bengaluru by Nandan Nilekani, noted entrepreneur and former chairman of UIDAI.

42.3

43.2

44.3

45.1

46.3

47.4

48.2

49.3

50.2

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