Documente Academic
Documente Profesional
Documente Cultură
IN MAY 2019
INDEX
5 GROUP DISCUSSION TOPICS FOR 1
BANK EXAMS
ABBREVIATIONS 2
A STUDY IQ Initiative
bankiq.in May 2019
Interview Do’s and Don’ts Inflation is a quantitative measure of the rate at which the
average price level of a basket of selected goods and services in
DO’S- an economy increases over a period of time. It is the constant
rise in the general level of prices where a unit of currency buys
Dress appropriately. Extremes in fashion or very casual clothes less than it did in prior periods. Often expressed as a
should generally be avoided. Look neat and clean. percentage, inflation indicates a decrease in the purchasing
An interview is a massive event and can change your life - so take it power of a nation’s currency.
seriously.
Think of your interview as a performance. Money Laundering
Most of the time you have 10 to 30 minutes to deliver your very best.
Get out of your comfort zone it is the only way you can grow if you Money laundering is the process of making large amounts of
hate interviewing, practice, practice, practice, practice this is the only way. money generated by a criminal activity, such as drug trafficking
Express yourself and your views clearly. or terrorist funding, appear to have come from a legitimate source.
Listen carefully to the questions and answer clearly and thoughtfully. The money from the criminal activity is considered dirty, and the
Make eye-contact. Remember to talk to the person (not the top right process "launders" it to make it look clean. Money laundering is
hand corner of the room or at their shoes). itself a crime.
Do your research on the bank-Do a thorough background research
of the bank and the job profile you're interviewing for. Visit the bank CAMELS Rating System
website before appearing for the interview.
Use quotes, facts and figures, statements, everyday life examples to CAMELS is a recognized international rating system that bank
express a clear chain of thoughts. Also it might leave a good impression supervisory authorities use in order to rate financial institutions
on the examiner and help you score well. according to six factors represented by its acronym. Supervisory
Thank the interviewer-Last but not the least; do not leave the room authorities assign each bank a score on a scale. A rating of one
without thanking the interviewer(s) for giving you his/her/their time. is considered the best, and a rating of five is considered the
Stay genuine. worst for each factor.
Don’t give any irrelevant information or excessive details. Masala bonds are bonds issued outside India but denominated
Never give an impression that you are not interested in a in Indian Rupees, rather than the local currency. Masala is an
particular bank. Indian word and it means spices. The issuance of rupee
You do not need to jump to answers. It’s OK to take a second or two denominated bonds transfers risk associated with currency
to compose your thoughts. Don’t rush. fluctuations to investors and not to the issuers. The term was
Do not defend yourself in wrong answers and get into an argument. used by the International Finance Corporation (IFC) to evoke
If you argue, they are better than you to do it. the culture and cuisine of India.
Avoid long pauses while speaking.
Do not lie. UPI
Bancassurance
Banking Ombudsman
Credit Crunch
Currency Chest
ABBREVIATIONS
BCBS-Basel committee on Banking Supervision.
CASA- Current A/C Saving A/C
DNS- Domain Name System
ECS- Electronic Clearing Service
FINO- Financial Inclusion Network and Operational Limited
IBBI- Insolvency and Bankruptcy Board of India
IFSC- Indian Financial System Code
MFI- Micro Finance Institutions
NECS- National Electronic Clearing System
TDS- Tax Deducted at Source
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NEWS
percent voting in the Lok Sabha 2019.
In constituency Navsari,-the highest victory margin was
recorded in 2019 General elections.BJP leader CR Patil won the
Nvasari Lok Sabha seat .Winning Margin –689668 votes
The lowest victory margin recorded in 2019 General Elections
is in Machhlishahr, Uttar Pradesh constituency. Winning
Margin –181 votes
In Himachal Pradesh the BJP had the highest vote share with
69.1% in Himachal Pradesh.
The world’s highest polling station is at Tashiganag, Himachal
Pradesh, with the height of 15,256 feet. Till 2017 the highest
polling station is Ka at Himachal Pradesh.
AAP is the only party to field a transgender candidate. Aam
Aadmi Party Filed transgender candidate, Chirpi Bhawani from
the Prayagraj seat in Uttar Pradesh.
INC party fielded the maximum women candidates.
In UP and West Bengal state the maximum women
candidates won the elections.
Modi 2.0 era begins; 58 – member team took charge Tejaswi Surya from Bangalore, South, became the youngest
BJP candidate to win in Lok Sabha Elections 2019. The
Narendra Modi was on 30th May sworn in for his second term as youngest candidate of LokSabha Elections in 2019 who
the Prime Minister at a glittering ceremony at Rashtrapati Bhavan. wonthe election is Chandrani Murmu, the BJD candidate from
With the BJP-led NDA having swept the Loksabha elections, Keonjhar.
winning 352 of 542 seats and securing a huge mandate, there are Bihar state saw about 8.17 lakh voters opting for none of the
strong expectations that Modi 2.0 will deliver fast-track reforms on two Above (NOTA) option, the highest in the country.
crucial factors of productivity land and labour. Modi, and his Cabinet 4 independent candidates won in Lok Sabha elections 2019.
colleagues were administered the oath of office and secrecy by Sangrur, Punjab is the only seat that AAP won in Lok Sabha
President Ram Nath Kovind at the ceremony, attended by about elections 2019–MP Bhagwant Mann.
6,000 invitees, including foreign dignitaries, BIMSTEC leaders,
Chief Ministers of States, RBI Governor Shaktikanta Das, corporate Hits and Misses : 5 years of Modi Government
honchos, including Ratan Tata, Mukesh Ambani and Tata Sons
chief N Chandrashekhar, besides sports and film personalities. Here are the hits and misses of the NDA government –
As many as 58 Ministers, including Prime Minister Modi, were sworn on
30th May. There were 25 Cabinet Ministers, nine Ministers of State (with GDP Growth: With Niti Aayog panel ‘downgrading’ UPA-era
independent charge), and 24 more Ministers of State.Therearethree growth of revised 2016-18 data, Modi government’s GDP
women Cabinet Ministers — Smriti Irani, Harsimrat Kaur Badal and growth record 7.6% average of 5 years is comfortably ahead of
NirmalaSitharaman — in the Modi 2.0 team. In all, Team Modi has six UPA’s 6.7%. This century’s fastest growth year still belongs to
women Ministers — three Cabinet and three Ministers of State. UPA (8.5% IN 2010-11). India overtook France in 2018 to become
Modi 2.0’s Cabinet team comprised almost all the seniors — except the world’s 6th largest economy. It will take 5th position from
ArunJaitley and Sushma Swaraj who opted out — of his earlier the UK this year on way to a $3 trillion GDP in 2020.
innings. BJP President Amit Shah, a first-time Member of Parliament, On Job creation, Govt found itself on a back foot: Slow job
was inducted into the Council of Ministers. creation- The labour ministry stopped releasing its quarterly
About 22 Ministers from the earlier Modi-led Government have survey of employment. The govt claimed jobs were being
been dropped. Some of the key Ministers who did not make it are created but not captured in official estimates. On Jan 30, a
Suresh Prabhu, Maneka Gandhi, JP Nadda, Radha Mohan Singh and media report on NSSO’s periodic labour survey said that annual
Jayant Sinha. employment rate in 2017-2018 was at a 45 –year high of 61%.
Some of the new faces in the Council of Ministers are Arvind CMIE, which publishes a monthly employment report, estimated
Sawant, Prahlad Joshi, Arjun Munda, Ramesh Pokhariyal and S that at least a million jobs were lost in 2018, and unemployment
Jaishankar. rate rose from 5% in January to 7.7% in December.
From the Opposition parties, the Congress was represented at the 5 Ministries get stellar score from people, and Finance is
swearing-in ceremony by UPA Chairperson Sonia Gandhi, not among them : The top five ministries of the Modi
Congress President Rahul Gandhi and former Prime Minister government are Defence, External Affairs, New and Renewable
Manmohan Singh.
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Energy, Coal, and Road, Transport and Highways, a survey conducted weakness, Axis Capital attributes it to stress in rural income,
Industry
by LocalCircles showed. Indians have given a stellar score to the rising unemployment and insufficient job creation. In the long
Defence Ministry — 4.9 on the scale of 5. The government has been term, the government will need to focus on income growth to
applauded for “taking some bold steps like the surgical strikes against drive up household consumption.
Pakistan. Healthcare - BJP’s election manifesto promised setting up
Four ambitious targets NDA is poised to miss: After taking over of 1,50,000 health and wellness centres (HWCs) by 2022. It
the Prime Minister’s Office in 2014, Narendra Modi shared his vision to proposed a separate pricing policy for medical devices. BJP
make India an investor-friendly destination, which would subsequently has also promised to increase spending on healthcare to 2.5
lead to job creation and development. However, despite ambitious per cent of GDP by 2025 from 1.15 per cent now.
plans like Make in India, Narendra Modi, five years later, is poised to
miss some targets. What the Modi Government 2.0 has Promised?
4 developments that shocked the nation: From vowing to build
toilets in every school to announcing demonetisation to Moody’s
India has the world’s second largest startup ecosystem, and
surprise rating upgrade to massive fraud at Punjab National Bank
the BJP is looking to increase its support to the community
(PNB) allegedly by diamond czar Nirav Modi, the nation has been
by easing regulatory requirements for them. The party said in
shocked in a good and a bad way in last five years.
its manifesto that over 17 crore entrepreneurs have availed
Has Modi kept India secure? Are women now safer in India? :
loans under the PradhanMantri Mudra Yojana, and expects
The BJP government says it brought in tough laws to combat violence
to take the total number of beneficiaries of loans to go up to 30
against women. The data shows a rise in the reporting of rape to the
crore people. The ruling party also said it was aiming to create
authorities, particularly after the notorious Delhi gang rape of 2012.
50,000 new startups by 2024, and establish 100 innovation
But the conviction rate for cases that go to the courts has not really
zones in urban local bodies. In addition, the party said it
improved in the last few years
would set up about 500 new incubators and accelerators
by 2024.
Sectors crying for urgent attention in Modi 2.0 regime.-
Here’s the full list of the Union Council of Ministers and their portfolios, under the Modi Government 2.0.-
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Santosh Kumar Gangwar Minister of State (Independent Char ge) of the Ministry of Labour
and Employment.
RaoInderjit Singh Minister of State (Independent Charge) of the Ministry of Statistics
and Programme Implementation; and Minister of State
(Independent Charge) of the Ministry of Planning
ShripadYessoNaik Minister of State (Independent Charge) of the Ministry of Ayurveda,
Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH);
and Minister of State in the Ministry of Defence.
Dr.Jitendra Singh Minister of State (Independent Charge) of the Ministry of
Dev elopment of North Eastern Region;
Minister of State in the Prime Minister’s Office; Minister of State in
the Ministry of Personnel, Public Grievances and Pensions; Minister
of State in the Department of Atomic Energy; and
Minister of State in the Departmen t of Space.
KirenRijiju Minister of State (Independent Charge) of the Ministry of Youth
Affairs and Sports; and Minister of State in the Ministry of Minority
Affairs.
Prahalad Singh Patel Minister of State (Independent Charge) of the Ministry of Culture;
and Minister of State (Independent Charge) of the Ministry of
Tourism.
Raj Kumar Singh Minister of State (Independent Charge) of the Ministry of Power;
Minister of State (Independent Charge) of the Ministry of New and
Renewable Energy; and Minister of S tate in the Ministry of Skill
Development and Entrepreneurship
Hardeep Singh Puri Minister of State (Independent Charge) of the Ministry of Housing
and Urban Affairs; Minister of State (Independent Charge) of the
Ministry of Civil Aviation; and Minister o f State in the Ministry of
Commerce and Industry.
Mansukh L. Mandaviya Minister of State (Independent Charge) of the Ministry of Shipping;
and Minister of State in the Ministry of Chemicals and Fertilizers.
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Ministers of State -
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Awareness
of the Madras High Court has set aside a single judge order
that ordered restoration of Certificate of Registration (CoR)
of non-banking financial companies (NBFC) cancelled by the
central bank for non-compliance of the enhanced net owned
fund (NOF) norms. .
RBI had notified an enhanced NOF holding by all NBFCs on
March 27,2015, which stipulated them to have Rs 1 crore as NOF
as of April 1, 2016 andRs 2 crore as of April 1, 2017.RBI had
cancelled the CoR of over 1,500 NBFCs for non-compliance.
The bench also directed the NBFCs to approach the appellate
authority within 30 days and raise their concerns to get the
grievances redressed.
Though the easing of the monetary policy (the repo rate has been RBI imposes penalties on five PPI issuers
cut by 25 basis points each in February and April) has the potential
to support growth. Credit growth could have been challenged by Reserve Bank of India (RBI) has imposed penalties on five
continuous tightening of bank liquidity, causing the call money prepaid payment instrument (PPI) issuers for violating
market rates to trend up since Q1. regulatory norms under Section 30 of provisions of Payment
and Settlement System Act, 2007.
o Gross domestic product (GDP) is a monetary measure of the It includes Vodafone’s m-pesa, My Mobile Payments Limited
market value of all the final goods and services produced in a period which own Oxigen, Flipkarts’sPhonePe, Y-cash Software
of time, often annually. Solutions Private Limited which owns YPayCash and GI
o Current finance minister- PiyushGoyal Technology Private Limited.
Jalan Panela
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“It was felt that this was required more in view of the fiscal Finance Commissionand Finance Ministry discussions
management requirementsof the states.Importance of the states
in the economy has increased with the shift in composition of Finance Commission held discussions with the Finance
government finances.” RBI Ministry,related with-
“Specific factors drive fiscal slippages: these factors include UDAY A. Fiscal management
in the past and farm loan waivers and income support schemes in B. Economic management
2018-19 RE”. C. Rationalisation of expenditure related to centrally
sponsored schemes.
Canara Bank and Canara HSBC OBC launch 15th Finance Commission observed that the GDP numbers
‘ Webassurance’ suggest continued high growth over the medium term eventhough
there have been fluctuations within the overall global trend.
Canara Bank and its life insurance partner Canara HSBC Oriental The Commission also noted that the revenue projections on
Bank of Commerce Life Insurance launched ’Webassurance’ to direct taxes are healthy though on Indirect taxes there have
enable its customers to purchase life insurance in a convenient and been periodic fluctuations, chaired by N K Singh.
hassle-free way through bank’s website.
Canara HSBC OBC Life is jointly owned by two public sector banks, RBI’s vision document
Canara Bank (51 per cent) and Oriental Bank of Commerce (23 per
cent) and HSBC Insurance (Asia Pacific) Holdings (26 per cent), the The RBI’s ‘Payment Systems Vision 2021’ document would
Asian insurance arm of banking and financial services groups HSBC. act as a catalyst for promoting digital economy and instill
confidence among the general public. Aiming at a‘cash-lite’
Canara Bank Chairman-Shri T.N. Manoharan
society, the Reserve Bank of India released the vision document
Headquarters- Bangalore
for ensuring a safe, secure, convenient, quick and affordable
MD & CEO- R A Sankara Narayanan
e-payment system as it expects the number of digital
transactions to increase more than four times to 8,707 crore in
Retail Inflation December 2021.
“We are confident with our vision as a payment system
Retail inflation inched up to a six-month high of 2.92 per cent in provider aligned with the regulators, we will be able to
April due to a spike in food prices, including vegetables, meat, fish contribute in increasing the digital transactions penetrations
and eggs. especially in the assisted segment in smaller cities and rural
Inflation based on the Consumer Price Index (CPI) was at 2.86 per India,”- RBI
cent in the previous month and 4.58 per cent in April 2018. The
rate of price rise in April is the highest since October 2018 when the PNB merger
rate was 3.38 per cent.
The Reserve Bank mainly factors in the CPI-based inflation while
setting the key policy rates. The Monetary Policy Committee headed
by the RBI governor would be meeting early June to decide on its
monetary policy.
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PNB founded in- 1894 Finance Ministry will soon appoint an advisor to explore
Headquarter - New Delhi its feasibility.
Chairman and MD- Sunil Mehta The balance sheet of PSU banksexpected to strengthen
going forward and an ETF would provide risk-averse investors
Oriental Bank of Commerce founded in- 1943 an option to hold sharesof multiple banks through a single
Headquarter – Gurugram, India financial instrument.
MD & CEO – Mukesh Kumar Jain
Provide names of big loan defaulters : CIC to RBI
Andhra Bank founded in- 1923
Headquarter- Hyderabad The Central Information Commission (CIC) has directed the
MD & CEO – J. Packirisamy Reserve Bank of India to disclose the list of big loan
defaulters it has sent to banks for resolution.
An Economic agenda for the next government In 2017 RBI Deputy Governor Viral Acharya said that the
accounts of some loan defaulters have been sent to banks
“A wish list for any new government will be to have political will in for resolution.
the first year in office to bring in reforms in Land, Labour and The RBI directed banks to file insolvency applicationsagainst
Capital”- N.K Singh, 15th Finance Commission. 12 large accounts comprising about 25% of the total NPAs.
“Some important structural reforms like the GSTandIBC are done, Nutan Thakur, a social activist wanted to know from the RBI the
although some more tweaking is required there. These have to be list of loan defaulters, The RBI had refused to provide the details.
followed up with reforms in the factors markets”- Krishnamurthy
Subramanian, Chief economic advisor. MCA lens on IL& FS shareholders
“Fixing the NBFC crisis and growth slowdown are immediate
priorities. Mobilise more revenues and channel them towards The probe into the collapse of Infrastructure Leasing &
productive spending”- SonalVarma,Chief India economist at Nomura. Financial Services is set to expand to include the role of
“First, the government has to address growth slowdown, come out marquee shareholders such as HDFC, State Bank of India
with policies to fix farm distress and more reforms, especially in GST and Orix Corporation.
and IBC fast. It needs to seriously look at more divestment revenues”- How these shareholders are their representatives on the
DK Joshi, Chief economist at Crisil. IL&FS board failed to flag the irregularities and deteriorating
“The economy is facing risks of getting into a middle-income trap. financial condition.
Schemes like PM-Kisan are sort of compensatory apology; they may An investigation will also be conducted into the role of CARE,
stimulate consumption in a limited manner but won’t be enough to India Ratings and ICRA which had given high ratings to IL&FS
reverse structural slowdown”- Rathin Roy, Director, NIPFP. before the crisis.
“The slowdown in private consumption is here to stay for some time
and no government can stimulate it overnight. So economic growth
will stagnate around 7% for one-two years before recoding a gentle
recovery.”- MadanSabnavis, Chief economist at CARE Ratings.
“Economic growth has been weakening in the past four-six
quarters, which needs to be corrected urgently through appropriate
policy reforms”- ArvindVirmani, Former chief economic advisor.
NPA crisis
Below 7% Economic growth- ET Poll
With the economy seeing a very sharp slowdown with demand
weakening and some uncertainty on the monsoon, exposure to Because of a disappointing 4th quarter India’s economic
businesses in sectors such as MSME, real estate, agriculture, power, growth is likely to have slipped below 7% in FY19.
and even to NBFCs could go bad. The economy is facing tighter financial conditions, weak
The contraction in factory output in March and also the very poor global and domestic demand, with private consumption
corporate results for Q4FY19. For the MSME sector, interest costs have slowing materially
not fallen meaningfully as banks have not transmitted the entire
reduction in the repo rate to customers. Did you Know ?
Finance Ministry to launch ETF with banks stocks, Did you know when the symbol for Rupee was adopted?
financial institutions this fiscal
In 2010 Indian rupee symbol Rupee “₹” was adopted. D.Udaya
After the resounding success of CPSE ETF (exchange traded Kumar is the creator of the rupee symbol. The symbol is a
fund) and Bharat-22 ETF, the government is looking at combination of the Latin Letter “R” and Devanagari letter “₹”.
diversifying the ETF basket by including stocks public sector
banks and financial institutions. Page 11
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Taxation
product segments witnessed a rise in purchases from
overseas since the tariffs went up.
Between October 2018 and February 2019, imports on
air conditioners and refrigerator to footwear rose an
average 5% to $2,343.41 million.
Gems and Jewellery segment, already down by 10.8%
up to September last fiscal.
The Central Board of Direct Taxes has said figures for income
tax returns e-filed during the financial year 2018-19 as
GST collection jumps up compared to 2017-18 are not comparable. During FY 2017-18,
out of a total of 6.74 crore ITRs which were e-filed, 5.47 crore
The goods and services tax (GST) collections for the first month of ITRs were filed for Assessment Year (AY) 2017-18, the current year.
the financial year 2019-20 came in at Rs 1.14 lakh crore, highest level In comparison, during FY 2018-19 only 0.14 crore ITRs for AY
for any month since July 2017. 2017-18 were filed during FY 2018-19 as these were the revised
Though April collections are typically high since business tends to ITRs for the relevant AY which could only be filed due to change
close the year’s accounts. GST collections are being taken onto a in law
higher plane, finally.
The collections have risen to record levels, collection in March were Anti- profiteering mechanism
Rs1.07 lakh crore, the highest level until then.
In April 2019 collections were 10% higher than the level in the
year-ago month and a solid 16% higher than the monthly average
in 2018-19.
The Centre’s GST revenue or FY20 is projected at Rs 7.61 lakh crore.
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Agriculture
Notes
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Industry
CCI ON Maruti
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Infrastructure
Notes
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International
HUAWEI with severe sanctions and said it was adding HUAWEI
Technologies Co Ltd and 70 affiliates to its “Entity List”.
HUAWEI denies its products pose a security threat, said it
was “ready and willing to engage with the U.S. government and
Notes
China vs USA
India and
the World
H- 1B fee hike
India- US Trade
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India-China Trade
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Japan drags India to WTO In March, bowing down to international pressure, Pakistan
launched a major crackdown on Jaish-e-Mohammad, Jamat
Japan has dragged India to the World Trade Organisation (WTO) -ud-Dawa, and other banned outfits and took over the control
over the “continuously and systematically“ raise import duties on of their assets throughout the country.
certain electronic goods after the announcement of ‘Make in India’
campaign in September 2014.
It has also alleged that these import duties are in excess of bound
rates, which is a ceiling of import duty beyond which a WTO member
country cannot go.
India Kyrgyzstan
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Polity and
Notes
Governance
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Appointments
Notes
and
Resignations
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Government
o Unified Payments Interface (UPI) is an instant real-time
payment system developed by National Payments
Corporation of India facilitating inter-bank transactions. The
interface is regulated by the Reserve Bank of India.
Schemes
Introduced in- 11 April 2016
Notes
PM Kisan scheme
UPI
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Miscellaneous
considering the government’s thrust on ‘Make in India’ where
the tax on imported mobile phone components and
consumer electronics is going up. Samsung is also pitching
to the government for export incentives so that it can even
export components from India.
Samsung Display has already signed a MoU with the Uttar
Pradesh government for Rs 1,500 crore plant for
manufacturing mobile display.
The ministry of corporate affairs (MCA) has decided not to extend Meity to verify social media fake accounts
the deadline for applicability of Standard on Auditing SA 701 till
March 31, 2020, despite a demand from the Institute of Chartered The ministry of electronics and IT (MeitY) is exploring the
Accountants of India (ICAI). option of verifying user’s profile on social media platforms
The ministry has stated that “enough time” was given to auditors to such as Facebook, Whatsapp and Twitter which it feels could
familiarise themselves with SA 701, (first issued by the ICAI in May help check fake accounts that indulge in anti-social activities
2016 and was applicable for audit of financial statements after April 1, like spreading dubious information and propaganda. Individual
2017) which involves communicating key audit matters (KAM). online account of users of social media platforms should be
verified and fake ones weeded out.
UN Designates JeM Chief Masood Azhar
As Global Terrorist Whtaspp’s payments services and the
Supreme Court
UN designates Masood Azhar as global terrorist. In a huge
diplomatic win for India, the United Nations today designated WhatsApp’s payments services came under fire from the
Pakistan-based Jaish-e-Mohammed Chief Masood Azhar as a "global Supreme Court.
terrorist" after China lifted its hold on a proposal to blacklist him. The issue at stake is that overseas firms like WhatsApp need
to store all financial data within the country under a Reserve
o The UN Security Council has primary responsibility for the Bank of India notification. The deadline for meeting the norm
maintenance of international peace and security. for local storage of financial data ended on October 18, 2018.
o It has 15 Members, and each Member has one vote. Since WhatsApp’s payments services is still in pilot stage and
has not received the permission of National Payments
Corporation of India to go live, technically it is not ain violation
Samsung for Make in India of any guidelines.
The Supreme Court took note of a petition filed by an NGO
Electronic giant Samsung has lined up fresh investment of around Centre for Accountability and Systemic Change (CASC) which
Rs 2,500 crore to turn its India operations into a hub for has claimed that WhatsApp has not fully complied with the
components business. RBI’s circular which prescribed data localisation norms.
The Korean company has set up two new component RBI is free to prosecute it for failing to comply with data
manufacturing entities in India- Samsung Display Co localisation norms.
and Samsung SDI India- for production of mobile phone display and
batteries.
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Reliance Jio to launch GigaFiber to improve call quality India’s service sector activity slipped to a seven month low
in April, due to weak rise in sales amid competitive pressures
Reliance Jio, which is working on the launch of its Fibre-to-home and disruptions arising from elections.
wirelineBroadband services JioGigaFiber. It will offer automatic Nikkei India Services Purchasing Managers’ Index (PMI)
routing of mobile voice services through landing networks, thereby dropped to 51 in April from 52 the previous month.
improving call quality by reducing call drops in a big way. The Nikkei India Composite PMI Output Index, which
Once JioGigaFiber is rolled out, subscribers will be able to set their combines both service and manufacturing, fell from 52.7 in
Jio mobile phones in a manner that once they are home, the voice March to 51.7 in April.
calls will get routed through their fibre-based landline network. It will Predictions that economic conditions will normalise after
work in exactly the same manner as today mobile data and Wi-Fi data the elections.
get synergised. The Delhi High Court’s recent stay on anti-profiteering
proceedings against Abbott Healthcare opening a window
for other firms to become party to the case that challenges
constitutional validity of the provision in the GST law, also
questioned the practice of anti-profiteering authorities to
expand the scope of investigation to multiple products of the
same company after completing probe on one.
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The ministry of corporate affairs (MCA) is understood to have asked Finding an ATM in India is getting tougher even as
the Serious Fraud Investigation Office (SFIO) to begin a probe into dependence on cash persists. Tighter regulations are
Jet Airways on suspicion that the promoters siphoned off money. making it more costly to run the machines.
The move follows after the MCA started a preliminary enquiry into According to the IMF, India already has the fewest ATMs
the company by inspecting its books. The MCA also want a probe as per 100,000 people among BRICS nations.
to how Jet suddenly turned in a loss in FY18 after posting a profit for The drop may continue as banks and ATM operators
a couple of years. struggle to absorb the cost of software and equipment
upgrades. ATM operators which include banks as well as
third parties charge a so-called interchange fee of 15 rupees
to the lender whose debit or credit card is used for cash
withdrawals. Interchange fees are the biggest factor
behind muted growth of ATMs.
The declining number of ATMs is likely to further boost
mobile banking,grew 65 times in the past five years alone.
Founder- Shaktikanta Das
Founded in- Mumbai, Maharashtra
Android abuse
The private sector has facilitated this process, as competition has AI in MCA 21 portal
helped to reduce data costs by 95% from 2013 to 2017 and to make
smart phones affordable.
Corporate affairs ministry plans to introduce artificial
In financial services, the surge in digital payments and related data
intelligence system in the MCA 21 Portal as it seeks to make
is already enabling flow-based lending whereby actual patterns of
compliance process easier as well as ensure routine
receipts and payments rather than loan applications are used to
enforcement activities are done round-the-clock on
evaluate potential borrowers.
autopilot basis.
We estimate that, by 2025, technology could estimate between
MCA 21 is the electronic backbone for dissemination of
40-45 million mostly routine jobs in areas such as clerical services
information to all stakeholders, including the regulator,
and data entry. It will also help to create some 60-65 million higher-
corporate and investors.
quality jobs.
Regulatory framework
Central Electricity Regulatory Commission (CERC) has allowed TRAI formed on- 20 February 1997
power companies to claim compensation for the additional cost
of coal procured from alternative sources due to Coal India’s New standards for measuring
failure to meet supply obligations. Such compensation facility was
available for the FY14-FY17. India adopted a global resolution to redefine four of the seven
The compensation on account of coal shortage would be worked base units. Four of the seven base units passed by
out according a formula prescribed by the CERC on a case to case representatives of 60 countries at the General Conference on
basis. Weights and Measures (CGPM).
As per the modified fiats of the New Coal Distribution Policy Kilogramme, Kelvin, Mole, Ampere.
(NCDP), power plants receive 75 per cent of their contracted fuel It has been implemented across the world on May 20- World
quantities through CIL linkages. Meteorology Day.
The purpose of a system unit is to enable worldwide
Refurbished mobile coherence of measurements.
India has finally allowed import of refurbished or second mobile MSDE on Reforms
phones, subject to the condition that they are certified by the
Bureau of Indian Standards (BIS). Ministry of Skill Development and Entrepreneurship’s top
Though the move meets demands of mobile operators like Apple, agenda for next government is to-
which has been seeking permission for import of refurbished 1. Operationalisation of the skills regulator,
iPhones for the past few years, analysts said the process is 2. An enhanced apprenticeship programme
cumbersome and fraught with risks. 3. Rejuvenation of 2,500 ITIs.
The government was earlier against import of refurbished To impart improved training to make youth job-ready.
electronics products into the country, fearing that companies may Last October, cabinet okeyed National Council for Vocational
use it to dump hazardous electronic waste. It would negate the effect Education and Training (NCVET). NCVET will regulate the
of Make in India initiative. functioning of entities engaged in vocational education and
training, and establish minimum standards for them.
States should contribute It will also focus on research, information dissemination and
grievance redressal.
State governments should contribute in funding for defence, The ministry will have to work with the states and attract
national highways and railways projects, said BibekDebroy, public investments in Industrial Training Institutes to make
Chairman of Economic Advisory Council to Prime Minister (EAC-PM). them world-class.
Fiscal consolidation is important, he said there is a need to prioritise The aim was to impart skills training to 400 million people by
and decide areas that are important from point of view of public 2022 through flagship schemes such as PradhanMantriKaushal
administration.He said as long as we have tax exemptions we will VikasYojana, the DeenDayalUpadhyayaGrameenKaushalyaYojana.
not have simplified tax structure.
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He said, it would be good if the government in its first 100 days Excess’ stocks of FCI creates huge losses
gives a very strong signal for its commitment to reforms.
The final budget will be presented probably in July, maybe even in Till 1st April 2019 FCI & state government agencies were
June, and/or even before that a number of things could be holding excess food grain stock worth Rs 1.18 lakh crore.
announced including the corporate profit tax. This was even as fiscally-stressed Centre’s food subsidy dues
The government could also give a signal by rolling back many of to FCI were close to a staggering Rs 2 lakh crore at the start of
the tariffs that had been raised in the past two years. The government this fiscal and for the third year in a row.
can do is to also speed up privatisation, It is time to actually carry FCI borrowed an additional of Rs 60,000crore from the
out that mandate. NSSF in April 2019 to ensure its operations under the National
NPA cleanup needs to be speeded up. Food Security Act are not disrupted.
The industry needs to shape up a little better and I have never While offloading the excess stocks appears to be a rational
understood this whole talk about consumption slowing down, option for the FCI rather than pile up more debt, it lacks a
because the global economic is large. There were interest rates policy mandate to exercise that choice.
complaints, particularly auto when you say for 70 years they have Even if the FCI were to sell the excess stock in the open market
been protected with 100 plus kind of tariffs. Automobiles are now, it would fetch some Rs 30,000 crore less than the cost
paying a punishing kind of price for automobiles. incurred by it to create it.
The wages in China have really gone up now and our wages
significantly lower and that alone gives us a big advantage in large CII demands for lowering corporate tax rate
number of labour-intensive industries.
The trade war between the United States and China have deep Industry body Confederation of Indian Industry (CII) has called
roots and therefore it is not going to go away so quickly and that for lowering corporate tax rate, kick-starting government
does give us a major opportunity to break into both the American expenditure and rationalisation of dispute tax resolution
market because Chinese now are facing higher barriers in the mechanism. Dividend distribution tax should be rationalised
American market and in the Chinese market because now the to 10% (from 15% currently).
Americans are facing high barriers in the Chinese market. We have got Long-term capital gains tax on equities and MAT should
a double opportunity there. be removed.
I found this repeatedly in my experience at the NITI Aayog that the Government stake in public sector banks should be reduced
ministries do not work in national interest, they work in their from 70% currently to 51% to enable capital infusion and
narrow interest of the ministry itself. promote efficiency in public sector banks.
DPIIT for shortening compliance time to just 1 378 companies under IBC
hr/ month for start-ups
As many as 378 companies with total creditor claims of Rs
The Commerce and Industry Ministry has proposed cutting down 2,57,642 crore have so far been sent into liquidation under
compliance time significantly to just one hour per month for start- the Insolvency and Bankruptcy Code.64 companies, or
ups as part of measures to ease regulatory requirements for budding more than 16%, had received bids higher than the liquidation
entrepreneurs. value of the assets.
The proposal is a part of ‘Start-up India Vision 2024’, prepared by Liquidation value is the estimated realisable value of the
the Department for promotion of Industry and Internal Trade (DPIIT) assets of a corporate debt or if it is liquidated at the
for the new government to promote the growth of budding beginning of the insolvency proceeding.
entrepreneurs. At present, start-ups comply with a plethora of Based on the liquidation value, creditors to the companies
requirements such as GST filings, tax returns and other local laws every sent into liquidation would on an average recover only 7.1%
month. Compliance to these processes takes a lot of time and cost. of their admitted claims.
At present, start-ups comply with a plethora of requirements such IBBI data also showed that in the 88 cases of successful
as GST filings, tax returns and other local laws every month. resolutions under the bankruptcy law since it came to effect
Compliance to these processes takes a lot of time and cost. in December 2016, operational creditors and financial
Monthly compliance for start-ups needs to be reduced to one hour creditors recovered about 48% of their claims.
per month so that they can concentrate on their core work.
The vision document has suggested some important measures-
o Setting up of a regulatory sandbox or innovation hub to help
fintech start-ups;
o Tax incentives for investments in ventures of budding entrepreneurs;
o Reduction in GST rates on alternate investment fund management services;
o Amendment in income tax laws pertaining to sale of residential
properties and carrying forward of losses.
o Deployment of entire corpus of Rs 10,000 crore Funds of Funds.
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Q2) Which Bank will link its interest rate on savings account with balance above Rs. 1 lakh
to Reserve Bank of India’s repo rate, effective 1 May 2019 ?
(a) Punjab National Bank (b) Bank of Baroda (c) State Bank of India (d) Indian Bank
Q3) Which country was the biggest recipient of funds from the Asian Development
Bank (ADB) in the year 2018?
Q4) Reserve Bank of India has imposed a penalty of Rs 11.25 lakh on which bank for
violating money transfer norms?
(a) ICICI Bank (b) Yes Bank (c) Federal Bank (d) HDFC Bank
Q5) The Reserve Bank of India has imposed penalties on which prepaid payment
instrument (PPI) issuers for violation of regulatory norms?
(a) Vodafone m-pesa (b) PhonePe (c) Western Union (d) All of the above
Q6) The World Bank ha announced a 545 million U.S. dollars donation to help people in
Mozambique, Malawi, and Zimbabwe that have been affected by which cyclone recently ?
Q7) According to latest data released by RBI India’s Foreign Exchange Reserves has
risen by_____ Billion dollars as on April 26?
(a) $ 5 Billion (b) $ 3.2 Billion (c) $ 4.3 Billion (d) $ 4.8 Billion
Q8) Which country’s 10 dollar Bill/Currency has been adjudged as the best bank note
for 2018 by the International Bank Note Society (IBNS)?
Q9) Asian Development Bank (ADB) has launched __________billion dollar Action Plan for Healthy
Oceans and Sustainable Blue Economies for the Asia and Pacific region at its 52nd Annual Meeting?
(a) Billion Dollar (b) 4 Billion Dollar (c) 5 Billion Dollar (d) 2 Billion Dollar
Q10) Which country’s central bank has printed the $50 note with a spelling mistake where the
word “responsibility”is printed as “responsibilty”?
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(a) Anil Khosla (b) Rakesh Kumar Bhadauria (c) Surya Singh Prakash (d) Narendra Singh Rajput
Q2) Who has been appointed as the Officer on Special Duty (OSD) in the office of Lokpal ?
(a) Ramesh Singh (b) Vihan Thakur (c) Dilip Kumar (d) Pinaki Chandra Ghose
Q3) General S.H.S Kottegoda has been appointed as the Defence Secretary of which country?
Q4) Q4) Name the President of the Archery Association of India who has given his resignation?
(a) Ajay Singh (b) B.V.P. Rao (c) Narinder Dhruv Batra (d) Ajay Rastogi
Q5) BSE, formerly known as the Bombay Stock Exchange, has appointed whom a
s its first independent woman director?
(a) Niranjana Jha (b) Jayshree Vyas (c) Kashvi Patel (d) Archana Baghel
Q6) Who has been appointed as member of Advisory Council of 15th Finance Commission ?
(a) Krishnamurthy Subramanian (b) Arvind Subramanian (c) Arvind Virmani (d) Kaushik Basu
Q7) Bhushan Patil who has given his resignation was the President of which company?
Q8) Godavarthi Venkata Srinivas was appointed as the next Ambassador of India to
which of the following countries?
Q9) Who has been appointed as the Governor of State Bank of Pakistan?
(a) Kassim Parekh (b) Salim Raza (c) Yaseen Anwar (d) Reza Baqir
Q10) Who has been appointed as the new Chairman and Managing Director of ITC?
(a) Vineet Taneja (b) Pradeep Jain (c) Pawan Munjal (d) Sanjiv Puri
Q11) Who was appointed as a member of Commonwealth Secretariat Arbitral Tribunal (CSAT)?
(a) KS Radhakrishnan (b) Madan Lokur (c) H L Dattu (d) Dinesh Maheshwari
Q12) Who has been appointed as the new President of the United Nations General Assembly?
(a) Tijjani Mohammad Bande (b) María Fernanda Espinosa (c) Joseph Nanven Garba (d) Peter Thomson
Q2) Ayushman Bharat Diwas was celebrated across the country on?
(a) Uniting Workers for Social and Economic Advancement (b) Workers are backbone of the society
(c) World is nothing without Labours (d) None of the above
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(a) Special Cyber Agency (b) Defence Cyber Agency (c) Space Cyber Agency (d) Armed forces Cyber Agency
Q3) The 17th edition of the joint naval exercise, “Varuna-19”, has started
between India and which country?
Q4) Indian Navy has launched the fourth Scorpene Class Submarine named what?
(a) INS Vela (b) INS Kalvari (c) INS Kursura (d) INS Karanj
(a) Alberto Curamil (b) Jacqueline Evans (c) Alfred Brownell (d) All of the above
Q2) Which country has honoured Lt. Gen. (retd) Jack Farj Rafael (JFR) Jacob with a plaque on
Ammunition Hill Wall of Hon
Q3) Who was conferred with France's highest civilian honour, Chevalier de l'Ordre
national de la Legion d'Honneur?
(a) A S Kiran (b) K Sivan (c) G. Satheesh Reddy (d) Avinash Chander
Q4) Who has been declared as the top military officer (Supreme Allied Commander Europe)
of the 29-nation NATO military alliance?
(a) Richard Abel (b) James Abrahamson (c) Tod D Wolters (d) Curtis M. Scaparrotti
Q5) The article titled Coalgate 2.0' authored by whom has won the ACJ Award for
Investigative Journalism, 2018?
(a) Nileena M S (b) Shereen Bhan (c) Ashok Malik (d) Karma Paljor
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Q6) Who was awarded with the 27th P.C. Chandra Puraskaar?
(a) Devi Prasad Shetty (b) Surender Nath Khanna (c) Ramakanta Panda (d) Amit Mittal
(a) VikramMisri (b) Sanjay Kumar Verma (c) RuchiGhanshyam (d) RanjitSethi
Q7) Which two Indians are included among 115 UN personnel staff honoured for sacrifice in line of duty?
(a) Radhika Singh, Suresh Goyal (b) Jitender Kumar, Shikha Garg (c) Surbhi Sharma, Subodh Verma (d) Anshul Patel, Vinital Messy
Q8) Who has been awarded the 2019 V K Krishna Menon award posthumously for his outstanding
contribution in journalism??
(a) Satyendra Murli (b) G D Robert Govender (c) Gour Kishore Ghosh (d) Gaurav Smith Arya
Q9) Who was honoured with the 2019 McCain Institute Award for Courage and Leadership?
(a) Chhaya Sharma (b) Archana Ramasundaram (c) Meera Borwankar (d) Vimla Mehra
Q10) Who has been awarded the 2019 V K Krishna Menon award posthumously for his
outstanding contribution in journalism?
(a) Satyendra Murli (b) G D Robert Govender (c) Gour Kishore Ghosh (d) Gaurav Smith Arya
Notes
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Q1) Which country has emerged as the third largest foreign direct investor in India during 2017-18?
Q2) The Government has extended its deadline to impose retaliatory import duties on how
many products from the United States (US), including almond, walnut and pulses, till May 16 ?
Q3) The 11th meeting of the joint working group on counter-terrorism between India and
Australia held at which city?
Q4) The United Kingdom is in talks with the Indian government on building a new state-of-the-art
aircraft carrier named what?
(a) INS Rohit (b) INS Vishal (c) INS Samudra (d) INS Kirti
Industry
Q1) Vodafone Idea Ltd has signed an agreement with which IT company?
Q2) State-owned Oil and Natural Gas Corporation (ONGC) has received the green nod to drill
6 development wells in which state at an estimated cost of Rs 240 crore?
Infrastructure
Q1) LIC Housing Finance (LIC HFL) has launched ‘Udyam’, a skilling centre in which city?
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International Affairs
Q1) Which country is set to withdraw from the U.N. Arms Trade Treaty?
Q3) Stevo Pendarovski has won the run-off Presidential elections conducted in which country?
Q4) Which country’s Air Force has successfully tested laser weapons system called ‘SHiELD’ to
shoot down Missiles?
Q5) Pakistan will receive $ _________ billion from International Monetary Fund for over three years?
Q6) Which country has tested the world’s fastest bullet train called ALFA-X with Speed of 400 kmph?
Q7) Laurentino Cortizo has won the presidential elections of which country?
Notes
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Q1) The Supreme Court has rejected the review petition filed by 21 opposition parties seeking ______
percent verification of Voter Verified Paper Audit Trail (VVPAT) during counting of votes in Lok Sabha
Elections 2019 ?
Q2) The Election Commission of India has permitted relaxation in the model code of conduct for
which of the following states?
Q1) According to a latest report, Drug-resistant diseases could cause 10 million deaths each
year by which year?
Q2) According to a latest report from the Stockholm International Peace Research Institute (SIPRI),
India was the world’s ________largest military spender in the year 2018?
Q3) India Ratings and Research has predicted India’s GDP growth rate prediction
for 2019-20 at what percent?
Q4) According to a report titled ‘Cyber Insurance in India’ released by the Data Security Council of India
(DSCI), Indian cyber insurance market has grown to what percent more in 2018 as against 2017?
Q5) According to a new report, which city has emerged as the top choice for Indian investors with
record investments in 2018?
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Sports
Q1) Which F1 racer has won the 2019 Azerbaijan Grand Prix?
(a) Lewis Hamilton (b) Sebastian Vettel (c) Valtteri Bottas (d)Sergio Perez
Q2) Who has clinched the women’s singles title at Stuttgart’s Porsche Grand Prix 2019?
(a) Petra Kvitova (b) Simona Halep (c) Naomi Osaka (d) Angelique Kerbe
Q3) Who is set to become the first wrestler from India to fight at the iconic Madison Square
Garden in New York?
(a) Rahul Aware (b) Deepak Punia (c) Praveen Rana (d) Bajrang Punia
Q4) Who has been named the 2019 footballer of the year by the Football Writers' Association (FWA)?
(A) Raheem Sterling (b) Virgil Van Dijk (c) Lionerl Messi (d) Luka Modric
Q5) Who has become the first Indian to rank in the top 25 rankings of ITTF rankings?
(a) G Sathiyan (b)Sharath Kamal (c) Ramkumar Ramanathan (d) Prajnesh Gunneswaran
Q6) Who has become the first woman to referee a French Ligue 1 match?
(a) Stephanie Frappart (b) Bibiana Steinhaus (c) Hope Solo (d) Lucy Bronze
Q7) Which football club has won the Spanish La Liga title 2019?
Q8) Who has been appointed as the first non-British president of the Marylebone Cricket Club ?
(a) Kumar Sangakkara (b) Rahul Dravid (c) Sanath Jayasuriya (d) Kapil Dev
Q9) Who has attained the world number one position in the women's 10 metres air rifle event ?
(a) Manu Bhaker (b) Anjum Moudgil (c) Apurvi Chandela (d) Heena Sidhu.
Q10) Table Tennis Federation of India (TTFI) has decided to bid for which edition of the biennial
World Team Championships?
Q11) Which Indian wrestler bagged gold medal in the 2019 Ali Aliyev Wrestling Tournament ?
(a) Sushil Kumar (b) Bajrang Punia (c) Gurpreet Singh (d) Harpreet Singh
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Q12) Which of the following player has received the Orange Cap for scoring maximum
runs at the IPL 2019?
(a) Imran Tahir (b) David Warner (c) Andre Russell (d) K L Rahul
Q13) Which female cricketer has become the highest wicket-taking spinner in ODI?
(a) Jhulan Goswami (b) Sana Mir (c) Suzie Bates (d) Meg Lanning
Q14) Who has become the third Indian to claim 150 wickets in the Indian Premier League (IPL)?
(a) Piyush Chawla (b) Amit Mishra (c) Mohit Sharma (d) Harbhajan Singh
Q15) Who has been appointed as India men’s football team coach?
(a) Jim Harbaugh (b)Tony Dungy (c) Marv Levy (d) Igor Stimac
Notes
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Miscellaneous
Q1) Shanghai Cooperation Organisation (SCO) Defence Ministers’ Meet was organized in which country?
Q2) Which company has launched a new option of recurring payments for its merchants ?
(a) Google Pay (b) PhonePe (c) Paytm (d) Samsung Pay
Q3) Which General Insurance Company has become the first in the Indian market to collaborated with
web aggregator, Wishfin Insurance to sell 2-wheeler policies via WhatsApp ?
(a) Bajaj Allianz (b) Bharti AXA (c) HDFC Ergo (d) Max Bupa
Q4) B Subhashan Reddy who passed away recently was a former Chief Justice of which High Courts?
Q5) Government of India has made it mandatory for Electric Vehicles to have number/license
plates in which Color ?
Q6) India is planning to launch its latest radar imaging satellite named “what” towards the end
of May 2019?
(a) GISAT 2BR1 ( b) VISAT 2BR1 (c) KISAT 2BR1 (d) RISAT 2BR1
Q7) The Police of which city has launched an all-women police patrol unit ‘Rani Abbakka Force’ ?
Q8) The 16th Ministerial Meeting of Asia Cooperation Dialogue (ACD) was held in which country ?
Q9) India will purchase 10 Kamov-31 choppers from which country for 3,600 crores ?
Q10) The Indian Space Research Organization is planning to send a probe to study the sun early
in 2020. The name of the mission is ?
Q11) Which of the following has launched a new initiative named Global Registry of Violent Deaths
(GReVD) to establish the annual number of violent deaths worldwide?
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(a) Shoaib Akhtar (b) Shahid Afridi (c) Shoaib Malik (d) Wasim Akram
Q13) The Group of 7 (G7) industrialised nations meet is going to be organized in August 2019
in which country?
Q14) Konkan Railways Corporation Ltd has signed a contract agreement with which country to
supply two 1600 HP DEMU train sets?
Q15) Apple is going to open its first retail store in which city of India?
Q16) Which airlines has launched the world’s first-ever “zero-waste” flight?
(a) Year of Pulwama Martyrs (b) Year of Next of Kin (c) Year of Sacrifice (d) Year of Remembrance of Martyrs
Q18) India’s first UPI Bahi Khata for merchants has been started by which of the following?
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MCQ’S SOLUTION
Banking and Financial Awareness
Ans1-(b) 6 months
SEBI bars NSE from accessing the securities market for a period of six months
Securities and Exchange Board of India (SEBI) has barred National Stock Exchange (NSE) from accessing the securities market directly or
indirectly for a period of six months starting from April 30, 2019. It means NSE cannot launch a new derivative product for the next six months.
This has been done as NSE had not exercised the requisite due diligence while putting in place the TBT architecture. There were some
chances of fraud due to server co-location issue.
Tick-by-Tick (TBT) is a data feed, which provides information regarding every change in the order book on the NSE.
Ans3-(b) India
RBI slaps Rs 11 lakh fine on Yes Bank for violating money transfer norms
Yes Bank on May 3 said the Reserve Bank of India has imposed a penalty of Rs 11.25 lakh on it for violating money transfer norms.
Ans6-(b) Idai
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“The World Bank is activating the International Development Association (IDA) Crisis Response Window (CRW) to provide up to 545
million dollars in total for the three affected countries.
“Together, total World Bank support to the three countries’ recovery reaches around 700 million dollars
India’s Foreign Exchange Reserves Rise By $4.3 Billion as on April 26: RBI
The country's foreign exchange reserves soared by $4.368 billion to $418.515 billion in the week to April 26, helped by the second
dollar-rupee swap auction, RBI data showed Friday.
In the swap auction conducted on April 23, the Reserve Bank had received bids worth $18.65 billion against $5 billion on offer. It
accepted just five bids worth $5 billion. In the previous week, the forex reserves had declined by $739.2 million to $414.147 billion.
In the reporting week, foreign currency assets, which are a major component of the overall reserves, rose by $4.387 billion to $390.421 billion.
Ans8-(b) Canada
Canada’s $10 bill adjudged as the best bank note for 2018 by IBNS
$10 bill of Canada has been adjudged as the best bank note for 2018 by the International Bank Note Society (IBNS).
This note of Bank of Canada features civil rights activist Viola Desmond (civil rights activist). Banknotes from 16 nations were in the race.
The IBNS Banknote of the Year award is an initiative to recognise an exceptional banknote issued every year
ADB (Asian Development Bank) launched $5 Billion Healthy Oceans Action Plan at its 52nd Annual Meeting
Asian Development Bank (ADB) launched 5$ billion Action Plan for Healthy Oceans and Sustainable Blue Economies for the
Asia and Pacific region.
Main Aim: To achieve the Sustainable Development Goals (SDGs), inclusive of the SDG 14: Life below Water.
Among 10 rivers only 8 that transport 88% to 95% of plastics into the sea globally, 8 are in Asia and Pacific region.
It was launched at the 52nd Annual Meeting of ADB’s Board of Governors, Fiji.
It will expand financing and technical assistance for ocean health and marine economy projects to $5 billion from year 2019 to 2024.
Ans10-(d) Australia
Australian Central Bank prints 46 million piece of $50 note with spelling mistake
Reserve Bank of Australia (RBA) i.e the Central Bank of Australia has printed the $50 note with a spelling mistake where the word
“responsibility” is printed as “responsibilty”.
Around 400 million notes of $50 were printed and 46 million of them are in circulation. The total value of the notes in circulation is
around $2.3 billion.
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BSE, formerly known as the Bombay Stock Exchange, has appointed its first independent woman director Jayshree Vyas. BSE already
has two non-executive women directors namely Usha Sangwan and Rajeshree Sabnavis on its Board.
Vyas is a professionally-qualified chartered accountant, working as the managing director of Shree Mahila Sewa Sahakari Bank,
Ahmedabad, since 1986. She helped in launching the first financial literacy programme in Sewa Bank in 2001.
Chief Economic Advisor Krishnamurthy Subramanian appointed as member of Advisory Council of 15th Finance Commission
The Chief Economic Advisor to Central government, Dr. Krishnamurthy Subramanian has been included as the member of the
Advisory Council of the Fifteenth Finance Commission.
Dr. Krishnamurthy Subramanian will be the twelfth Member of the Council.
The role and function of the Council is to advise the Commission on any issue or subject related to the Terms of Reference (ToR) of the
Commission.
Ans7-(d) Paytm
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Ans8-(c) Senegal
Godavarthi Venkata Srinivas named India’s envoy to Senegal
ShriGodavarthiVenkataSrinivas (IFS:1993) was appointed as the next Ambassador of India to the Republic of Senegal.
Presently, he is Joint Secretary in the Ministry of External Affairs.
He succeeds Shri Rajeev Kumar, who is the High Commissioner of India to the Republic of Mozambique.
He is expected to take up the assignment shortly.
Ans11-(a) KS Radhakrishnan
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Ans1-(d) April 29
International Dance Day: April 29
The International Dance Day is observed globally on April 29 each year to encourage participation and education in dance through
events and festivals.
This day was created by the Dance Committee of the International Theatre Institute (ITI) which is the main partner for the performing
arts of UNESCO.
It marks the anniversary of the birth of Jean-Georges Noverre (1727–1810) who is known as the creator of modern ballet.
The day was created on the idea of jazz pianist and UNESCO Goodwill Ambassador Herbie Hancock.
Ans2(c)-30 April
Nation observes Ayushman Bharat Diwas on 30th April
As part of Gram Swaraj Abhiyan, Ayushman Bharat Diwas is celebrated across the country on April 30. For the first time, the day was
observed on 30th April 2018. During the event, information regarding Ayushman Bharat Scheme was provided to people during health
camps organised in rural areas.
On this day, gram sabhas were organized in different parts of the country to create awareness about the National Health Protection
Mission and verify and update details in the Socio-Economic and Caste Census database.
Labour Day or May Day celebrates labourers, working class and is an annual public holiday in many countries on May 1.
Labour Day has its origins in the labour union movement in the United States in the 19th century when the industrialists used to
exploit the labour class and made them work up to 15 hours a day. The workers rose against this exploitation and demanded paid leaves,
proper wages and breaks for the workforce. The eight-hour day labour movement advocated eight hours for work, eight hours for
recreation, and eight hours for rest.
The theme of Labour Day 2019 is "Uniting Workers for Social and Economic Advancement".
Labour Day or May Day honours the hard work of workers across the world and celebrate their achievements.
Ans4-(c) May 3
World Press Freedom Day was observed on May 3, 2019 which was proclaimed by the UN General Assembly in December 1993,
following the recommendation of UNESCO's General Conference.
The theme of World Press Freedom Day 2019 is, Media for Democracy: Journalism and Elections in Times of Disinformation.
Ans5-(c) May 3
May 3 observed as a National Space Day 2019
National Space Day is observed first Friday of May every year.
This year first Friday of May coincide with May 3, so science community celebrate this day to promote Science, Technology, Engineering
and Mathematics (STEM) education in young people and to inspire them to pursue a carrier in space-related jobs.
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In 1997, Space Day was created by the Lockheed Martin Corporation as a one day event.
The main objective is to observe the many wonders of the unknown space that our planets float and also to encourage children to
have more interest in scientific study.
Ans6-(a) May 4
Coal Miners Day is observed on 4th May every year
Coal Miners Day is observed on 4th May every year to highlight the toughest profession and thepeople working in coal mines.
On this day several organisations, communities raises funds and awareness for other organisations in the coal mining area and workers.
Ans7-(a) May 5
World Laughter Day: 5 May
World Laughter Day takes place on the first Sunday of May of every year .
The first celebration was on May 10, 1998, in Mumbai, India, and was arranged by Dr. Madan Kataria, founder of the worldwide
Laughter Yoga movement.
Positive and powerful emotion that has all the ingredients required for individuals to change themselves and to change the world in a
peaceful and positive way.
The day is now celebrated worldwide.
Ans8-(c) May 7
World Asthma Day being observed
The World Asthma Day was observed across the globe on May 7, 2019, the first Tuesday of May 2019
According to the World Health Organisation, WHO there are 235 million people currently suffering from asthma around the world.
Asthma is one of the major non-communicable diseases and it is also the most common chronic disease in children. Regular exercise
can help reduce asthma symptoms.
The first World Asthma Day, in 1998, was celebrated in more than 35 countries in conjunction with the first World Asthma Meeting
held in Barcelona, Spain.
Ans9-(c) May 11
World Migratory Bird Day 2019: May 11
The World Migratory Bird Day (WMBD) is celebrated twice in a year since it started in 2006.
Firstly it is held on Second Saturday of May and again on Second Saturday of October.
In 2019, the WMBBD is being held on May 11 and October 12.
The day is observed to spread awareness for the need to conserve migratory birds and their habitats
The theme for 2019 WMBD is “Protect Birds: Be the Solution to Plastic Pollution.”
Ans10-(a) May 11
National Technology Day: 11th May
National Technology Day is observed every year on 11th of May in India, acting as a reminder of the anniversary of Shakti.
Shakti is the Pokhran nuclear test which was held on the 11th of May, 1998. The first nuclear test Pokhran with a codenamed as
‘Smiling Buddha’ was carried out in May 1974.
Ans11-(b) May 7
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Ans3-(c) France
Indo-French Joint Naval Exercise “Varuna-19” Commences off Goa Coast
The 17th edition of the Indo-French joint naval exercise, “Varuna-19”, began on May 1 off the Goa coast.
The exercise will be conducted in two phases.
The first part of the exercise, Varuna 19.1, is the harbour phase that will be held off the Goa coast from May 1-10, 2019.
The second part, Varuna 19.2, is the sea phase which is scheduled to be held at the end of May 2019 in Djibouti.
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Other Awardees:
Linda Garcia of Vancouver, Washington, who rallied local communities to successfully prevent the construction of North America’s
largest oil terminal.
Ana Colovic Lesoska of North Macedonia, whose seven-year campaign helped stop hydroelectric projects from being built in the
country’s largest national park.
Bayarjargal Agvaantseren of Mongolia, who led the fight to create the Tost Tosonbumba Nature Reserve.
Jacqueline Evans of the Cook Islands, whose work led to the conservation and sustainable management of all of the Cook Islands’ ocean
territory and creation of 15 marine protected areas.
Alberto Curamil of Chile, a jailed indigenous activist who had protested several hydroelectric projects in the country.
Ans2-(c) Israel
Israel honours 1971 war hero Lt Gen JFR Jacob with a plaque on Ammunition Hill Wall of Honour
Israel on Tuesday honoured Lt. Gen. (retd) Jack Farj Rafael (JFR) Jacob, who negotiated the historic surrender of Pakistani troops in
Dhaka after the 1971 Bangladesh's liberation war, with a plaque on the Wall of Honour at the Ammunition Hill.
Ans3-(a) A S Kiran
Former ISRO Chairman awarded France's Highest Civilian Honour
Former ISRO chairman A S Kiran Kumar was on May 2, 2019 conferred with France's highest civilian honour, Chevalier de l'Ordre
national de la Legion d'Honneur, for his contribution to India-France space cooperation.
Kumar was conferred with the prestigious honour by France’s Ambassador to India Alexandre Ziegler on behalf of the French President.
Ans5-(a) Nileena M S
Article on coalgate wins ACJ Award for Investigative Journalism
The article titled Coalgate 2.0' authored by Nileena M S and published in The Caravan magazine in March last year has won the ACJ
Award for Investigative Journalism, 2018.
The final jury comprising Gopalkrishna Gandhi, Nilita Vachani and Dr A R Venkatachalapathy Friday unanimously decided on Nileena's
work as the winner, says an ACJ release.
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Ans1-(a) Netherlands
Largest Foreign Direct Investor In India
The Netherlands has emerged as the third largest foreign direct investor in India during 2017-18, with investments pegged at about
$2.67 billion across sectors.
The Netherlands was also the second largest destination for foreign investment by Indian companies, after Singapore, with
investments worth $12.8 billion in 2017.
Ans2-(c) 29
India extends retaliatory tariff deadline on US products till May 16.
The Government has extended its deadline to impose retaliatory import duties on 29 products from the United States (US), including
almond, walnut and pulses, till May 16.
A notification of the Finance Ministry has said that the implementation of increased customs duty on specified imports, originating in
the US, has been postponed from May 2 to May 16 this year.
These deadlines were extended several times since June 2018, when India decided to impose these duties in retaliation to a move by
the US to impose high customs duties on certain steel and aluminium products.
Ans3-(C) Canberra
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Industry
Ans1-(b) IBM
Vodafone Idea collaborates with IBM and signs a multi-million dollar IT deal
Vodafone Idea Ltd, India’s largest telecom operator notified a 5-year multi-million-dollar IT outsourcing deal with IBM (International
Business Machines Corporation).
The collaboration will contribute to Vodafone Idea’s merger synergy objectives by decreasing its IT related costs.
This partnership will offer Vodafone Idea with a hybrid cloud based digital platform to enable engagement with its 387 million
subscribers (as of 31 December, 2018), thus boosting business efficiency, scale and easiness of its business processes.
Moreover, IBM’s analytics, AI (Artificial Intelligence), IoT (Internet of Things) and security capabilities will boost Vodafone Idea’s progression.
Ans2-(c) Assam
ONGC gets green nod for Rs 240cr project in Assam
State-owned Oil and Natural Gas Corporation (ONGC) has received the green nod to drill 6 development wells in Assamat an
estimated cost of Rs 240 crore.
The Union Environment Ministry has given the environment clearance for six development wells in five mining lease blocks in Jorhat
and Golghat districts.
The company had sought permission for drilling 12 development wells but it received clearance for six wells at present. The total
mining lease area of Jorhat and Golaghat districts is 32.116 sq km and 120.5 sq km, respectively
Infrastructure
Ans1-(a) Bengaluru
LIC HFL launches Udyam Centre in Bengaluru
LIC Housing Finance (LIC HFL) has launched ‘Udyam’, a skilling centre in Bengaluru. It was launched in association with Lok Bharti
Education Society, the implementing partner.
The Centres of Excellence will provide training to marginalised youth in the BFSI, retail, and IT/ ITES sectors
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International Affairs
Ans1-(d) US
US to withdraw from the U.N. Arms Trade Treaty.
US President Donald Trump stated that his administration is withdrawing the U.S. signature from the U.N. Arms Trade Treaty, in
response to concerns from gun rights activists that it could impinge on Americans’ right to bear arms. Former US President Barack
Obama signed the treaty in 2013 and sent the treaty to the Senate for ratification.
The Trump administration has rejected or withdrawn from a number of international agreements signed by his predecessors, including
the Iran nuclear deal.
Ans2-(c) Pakistan
Pakistan has issued an official order to freeze the assets of and impose a travel ban on terror outfit Jaish-e-Mohammed (JeM) chief
Masood Azhar after the United Nations declared him a “global terrorist.
Azhar is also banned from selling or purchasing arms and ammunition.
The UN sanctions committee on the Islamic State and Al-Qaeda on Wednesday announced the designation of Azhar over his ties to Al-Qaeda.
Ans4-(c) USA
US Air Force Successfully Tests Laser System ‘SHiELD’ to Shoot Down Missiles
The United States Air Force successfully conducted the test of a laser weapons system called the Self-Protect High Energy Laser
Demonstrator (SHiELD) in April 2019.
SHiELD is an Advanced Technology Demonstration (ATD) Program which is capable of shooting down multiple missiles in flight.
It would be mounted on aircraft to demonstrate self-defense of aircraft and protect the fighter jets against surface-to-air (SAM) and
air-to-air (AAM) missiles attack.
Ans5-(d) $6 billion
Pakistan reaches agreement with IMF, to get $6 billion over 3 years.
Pakistan on Sunday reached an agreement with the IMF on a bailout package under which the cash-strapped country will receive $ 6
billion over three years, according to a top official
Ans6-(c) Japan
Japan Tests World’s Fastest Bullet Train With Speed of 400 kmph
Japan began the testing of the world’s fastest bullet train called ALFA-X on May 10, 2019 and this testing will continue for a period
spanning three years.
The latest version of Shinkansen train is capable of reaching speeds as much as 400 kilometers per hour (249 miles per hour).
The train is scheduled to go into service in 2030.
When in operation, ALFA-X will operate at 360 kph (224 mph).
It will then surpass China’s Fuxing train which is currently the fastest train running at the speed of 350 kph
Ans7-(c) Panama
Laurentino Cortizo Wins Presidential Elections of Panama
Laurentino Cortizo, member of the Democratic Revolutionary Party, has won the presidential elections of Panama with 33.27% of the
vote in support.
The 66-year-old will take office on July 1, 2019. Page 55
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Ans1-(d) 50%
SC rejects review petition for 50% VVPAT verification
The Supreme Court on May 7, 2019 rejected the review petition filed by 21 opposition parties seeking 50 percent verification of Voter
Verified Paper Audit Trail (VVPAT) during counting of votes in Lok Sabha Elections 2019.
A bench headed by Chief Justice Ranjan Gogoi said, "We are not inclined to review our order".
Earlier on April 8, 2019, the apex Court had directed the Election Commission of India (ECI) to increase the random checking of VVPAT
slips from 1 EVM to 5 EVMs in each assembly of a parliamentary constituency during the ongoing Indian General Elections 2019.
Ans2-(d) Maharashtra
Ans1-(c) 2050
Drug-resistant diseases could kill 10 million a year by 2050
Drug-resistant diseases could cause 10 million deaths each year by 2050, warned the UN Ad Hoc Interagency Coordinating Group on
Antimicrobial Resistance in a report released on Monday.
It added that by 2030, antimicrobial resistance could force up to 24 million people into extreme poverty.
-“Currently, at least 7,00,000 people die each year due to drug-resistant diseases, including 2,30,000 people who die from
multidrug-resistant tuberculosis,” said the report.
Ans2-(b) Fourth
Ans3-(d) 7.3%
India Ratings predicts India’s GDP growth rate at 7.3% for FY20
India Ratings and Research has predicted India’s GDP growth rate prediction for 2019-20 at 7.3%. This is less than its earlier prediction
of 7.5%.
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Ans4-(d) 40%
Indian cyber insurance market grows 40% with 350 cyber insurance policies bought in 2018 against 250 in 2017
A report titled ‘Cyber Insurance in India- Mitigating Risks amid Changing Regulations and Uncertainties‘ by Data Security Council of
India (DSCI) stated that cyber insurance market is gradually gaining momentum in India as cyber-theft has increased substantially to
become one of the most prominent threats to the corporates’ operations.
The report broadly offers market insights on the stances in cyber insurance with its prime objective to increase awareness and help
evaluate a cyber insurance policy effectively.
Data from the report showed that between 2016 and 2018, India ranked as the 2nd most affected country from cyber-threats. 350 cyber
insurance policies were bought by Indian corporates in 2018 as compared to 250 in 2017, which marks a 40% hike in the sale of these policies.
Ans5-(c) London
London top choice for Indian investors with record investments in 2018: Report
London emerged as the top choice for Indian investors ahead of other cities such as Dubai and Singapore, with investments by Indian
companies in the British capital reaching an all-time high last year, according to a new analysis.
The UK emerged as the top most country to attract Indian FDI with 52 projects, ahead of the US (51) and the UAE (32), in 2018, said
London & Partners (L&P), the Mayor of London's promotional agency, in the new analysis.
Indian companies choosing to invest and expand in London reached an all-time high last year, with 32 investment projects – a giant leap
from the previous year, it said.
"Foreign Direct Investment (FDI) from India into London increased by 255 per cent from 2017 to 2018.
Sports
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Bajrang Punia will take part in the “Grapple at the Garden — Beat the Streets” fight night, scheduled to be held on May 6. He is
currently the World No.1 in the 65-kg weight category.
Ans5-(a) G Sathiyan
G Sathiyan becomes first Indian to get into top 25 ITTF rankings
India's G Sathiyan on Monday scaled new heights in his rapidly rising career by becoming the first Indian to break into the top-25 of the
latest world ranking list released by International Table Tennis Federation.
Sathiyan raise four spots to be 24th in the ITTF rankings, following his impressive sixth place finish in the Asia Cup in Yokohama earlier
this month to secure a place in the World Cup in Chengdu from October 25 to 27. Last week, he was the sole Indian to reach the round of
32 in the World Championships in Hungary.
Ans7-(a) Barcelona
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Ans10-(b) 2024
India to bid 2024 edition of the biennial World Team Championships
Table Tennis Federation of India (TTFI) has decided to bid for the 2024 edition of the biennial World Team Championships.
The last time India hosted a World Championships was way back in 1987.
In the 2024 edition, 32 teams will take part. Team Championships take place on even years and Individual Championships on odd years.
The last big ITTF event that was staged in India was in 2012 when Hyderabad hosted the World Junior Championships.
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Miscellaneous
Ans1-(d) Kyrgyzstan
Ans2-(c) Paytm
Bharti AXA General Insurance, the 1st company to sell 2-wheeler policies via WhatsApp, by partnering with Wishfin.
Bharti AXA General Insurance, the first company in the domestic non-life insurance industry has collaborated with web aggregator,
Wishfin Insurance to sell 2-wheeler policies via social media messaging platform, WhatsApp.
Bharti AXA General Insurance is a joint partnership between Bharti Enterprises and AXA, global insurance firm. It will sell the policies on
Wishfin’s insurance arm, Wishpolicy’s
Ans4-(a) Madras
Former Chief Justice of Madras, Kerala High Courts B Subhashan Reddy Passes Away
B Subhashan Reddy, the former Chief Justice of Madras and Kerala High Courts passed away due to ill-health.
He was 76.
He had also served as the judge of the Andhra Pradesh High Court and Chairman of State Human Rights Commission and Lok Ayukta.
Ans5-(d) Green
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About RISAT
The RISAT, which was first deployed in orbit on April 20, 2009 as the RISAT-2, uses synthetic aperture radars (SAR) to provide Indian forces
with all-weather surveillance and observation, which are crucial to notice any potential threat or malicious activity around the nation's
Ans7-(c) Mangaluru
Ans8-(b) Qatar
Ans9-(c) Russia
Ans10-(a) Aditya-L1
Ans11-(b) SIPRI
Pakistan’s former captain and star all-rounder Shahid Afridi recently released his autobiography, titled ‘Game Changer’.
The book, co-authored by Afridi and journalist Wajahat S Khan, details some interesting and exciting information from the cricketer’s life
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Ans13-(b) France
India to attend Group of 7 industrialized nations meet
The Group of 7 (G7) industrialized nations meet is organized by France in Biarritz in August 2019.
As India has been invited by France, India will be attending the meet along with Australia, Chile, and South Africa, in a sign of the
recognition of India’s growing economic heft in the international arena. The invitation by France clearly reflects the strong strategic connect
between India and France.
The G-7 groups constitute of the US, Britain, France, Italy, Canada, Japan, and Germany.
The French invite to India is not the first time India will be at this G-7 global high table. Then Prime Minister Manmohan Singh had
attended the G-8 +5 meet in Gleneagles in Scotland in 2005 at the invitation of then British Prime Minister Tony Blair.
Ans14-(d) Nepal
Konkan Railways Signs Contract Agreement With Nepal To Supply DEMU Train Sets
Konkan Railways Corporation Ltd has signed a contract agreement with Nepal's Department of Railways to supply two 1600 HP DEMU
train sets.
These trains will be used to operationalise railway link between Jayanagar in India and Kurtha in Nepal. The train sets will be
manufactured by the Integrated Coach Factory, Chennai.
Ans15-(c) Mumbai
Ans16-(a) Qantas
Ans18-(d) Bharatpe
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