IBPS Clerk 2017 Mains Test: GA Day 32

Answer : 5. Mizoram

Answer : 4. Madhya Pradesh

Answer : 2. Indonesia

Answer : 5. Tripura

Answer : 4. Lima

Answer : 4. Nuevo Sol

Answer : 5. Shri Ravi Shankar Prasad

Answer : 3. France

Answer : 1. Uttarakhand

Answer : 5.Indrayani

Answer : 1. World Population Day

Answer : 1. 1st July 2018
Explanation :
Unique Identification Authority of India (UIDAI) approved authentication based on facial recognition in combination with fingerprint or iris scan for Aadhaar users. This move will benefit persons who have difficulty with other biometric authentications like fingerprint and iris. The facial recognition-based authentication will come into act from 1st July 2018. The facial recognition-based authentication will be allowed only in fusion mode combined with fingerprint or iris or OTP (One Time Password) to authenticate Aadhaar user. Also, this facial recognition based-authentication will be permitted “on need basis”. Since photos of users are already available in the UIDAI database collection of new data is not required.

Answer : 2. New Delhi
Explanation :
Union Home Minister, Rajnath Singh inaugurated the International Workshop on Disaster Resilient Infrastructure (IWDRI) in New Delhi. This workshop was organised by the National Disaster Management Authority (NDMA) in collaboration with United Nations Office for Disaster Risk Reduction (UNISDR). Experts from about 23 countries, representatives from multilateral development banks, the United Nations, academia and other stakeholders participated in the workshop.Deliberations at the workshop focused on global cooperation for developing Disaster Resilient Infrastructure. The workshop also served as a platform for exchange of experiences, lessons and solutions in the area of Disaster Resilient Infrastructure.

Answer : 4. Brazil
Explanation :
Brazil’s securities regulator prohibited local investment funds from buying cryptocurrencies. The prohibition has been imposed, citing the reason that Cryptocurrencies cannot be considered financial assets. Owing to this decision, Brazilian funds cannot directly invest in cryptocurrencies such as Bitcoin. However, funds considering to indirect investment in cryptocurrencies by acquiring a stake in foreign funds have been advised to await further clarification from the regulator. In the context of this news, it is important to note that crypto currencies including Bitcoin are decentralised digital currencies which are not backed by any Sovereign Government, Central Bank or monetary authority.

Answer : 2. Bihar
Explanation :
Bihar Chief Minister Nitish Kumar launched schemes worth over Rs.200 crore during his state-wide “Vikas Samiksha Yatra”. Nitish Kumar visited Rohtas and Bhojpur districts for the “Vikas Samiksha Yatra”. He inaugurated and laid foundation stones for schemes valued at more than Rs. 200 crore. He inaugurated 257 schemes worth Rs. 222 crore, at a village in the Jagdishpur block of Bhojpur. He also visited a village under Amethi panchayat of the Sanjhauli block of Rohtas, which is the first panchayat in Rohtas to become ODF (Open Defecation Free).

Answer : 4. Dilip Vengsarkar
Explanation :
Sanjay Manjrekar launched his autobiography named ‘Imperfect’, in Mumbai. The book ‘Imperfect’ was released by Dilip Vengsarkar, Sanjay Manjrekar’s first international captain. The book was published by Harper Collins. Sanjay Manjrekar has played 37 Test matches. His first test appearance was in the Delhi Test against the West Indies.

Answer : 1. 30th
Explanation :
India has ranked 30th on Global Manufacturing Index released by World Economic Forum (WEF). As per ‘Readiness for the future of production report’, related to Global Manufacturing Index, Japan has been found to have the best structure of production. This report analyses development of modern industrial strategies and urges collaborative action. It has been developed in collaboration with A T Kearney. It has categorised 100 countries into four groups viz. ‘Leading’, ‘High Potential’, ‘Legacy’ and ‘Nascent’. Countries in ‘Leading’ Group have strong current base and high level of readiness for future while countries in ‘High Potential’ group have limited current base and high potential for future. Countries in ‘Legacy’ group have strong current base but are at risk for future. Countries in ‘Nascent’ group have limited current base and low level of readiness for future

Answer : 2. INS Nirbhik and INS Nirghat
Explanation :
Indian Navy decommissioned warships INS Nirbhik and INS Nirghat at Naval Dockyard, Mumbai. INS Nirbhik has served Indian Navy for 30 years while INS Nirghat has served for 28 years. Original avatars of these ships were flag bearers of Indian Navy’s offensive action on Karachi Harbour during Indo-Pak war in 1971. New avatars of INS Nirbhik and INS Nirghat were commissioned at Poti in the erstwhile Union of Soviet Socialist Republics (USSR) on December 21, 1987 and December 15 1989 respectively. These ships had four gas turbine engines and were able to achieve top speeds close to 40 knots. Weaponry loaded on these ships included four surface-to-surface missiles, close-range AK 630 gun, medium-range AK 176 gun and small calibre guns. During active service, these ships participated in several operations including Operation Parakram and Vijay.

Answer : 4. Jeddah
Explanation :
Saudi Arabia’s first motorshow for women customers was held in Jeddah on January 11, 2018. In context of this news, it is important to note that in September 2017, Saudi King Salman had ordered an end to the ban on women drivers by June 2018. Fuel-efficient cars were the key highlight of this motorshow in Jeddah. A team of saleswomen was present to help their new prospective customer base. However, in wake of recent hike in domestic gas prices and introduction of value-added tax (VAT), it would be interesting to see car sales growth numbers in Saudi Arabia post June 2018

Answer : 5. Mumbai
Explanation :
First-of-its-kind India-UK Createch Summit will be held in Mumbai on February 6, 2018. This summit will be held by United Kingdom’s (UK’s) Department for International Trade (DIT). Objective of this summit is to celebrate and explore the convergence of creativity and technology, ‘Createch’ and its application across a range of areas. Finale of the TECH Rocketship Awards 2017-2018 will also be held during this summit. TECH Rocketship Awards 2017-2018 will honour India’s best and brightest talent in technology scale-up companies. India-UK Createch Summit is the key event of a month-long series of events for promoting India-UK trade partnership. Prince Edward, Earl of Wessex will attend this Summit as a special guest.

Answer : 3. Grace Period
Explanation:
A grace period is usually the only a feature of a loan on which interest is calculated monthly, if it is calculated at all. Under some loan contracts, payments outstanding during grace periods are interest free, but the majority have interest compounding during the grace period. Be sure to check your loan contract for the specifics on any grace periods. Credit cards for example, on which interest is calculated daily, do not have any grace periods.

Answer : 4. Consolidation of assets
Explanation:Basel III framework is based on 3 pillars including
• Pillar 1: Minimum capital standards,
• Pillar 2: Supervisory review
• Pillar 3: Market discipline.

Answer : 3. Narrow Banking
Explanation:
Narrow banking is a proposed type of bank called a narrow bank also called a safe bank. Narrow banking would restrict banks to holding liquid and safe government bonds. Loans would be made by other financial intermediaries.

Answer : 1. Direct Order
Explanation:
In this system, the payee can withdraw any sum at any point of time. The payee is having ultimate control over the payments to decide the amount and time for payment without taking further authorization from the payer. The payer will not have any control over the withdrawals, but he can cancel them any time and need not to mention any reason for that. The Direct Debit System notifies the payee for cancellations or failures in payment, if any. Example – Gas bill, Electricity Bill, Mobile Bills etc.

Answer : 4. All of these
Explanation:
Core Banking can be understood as centralization on banking activities. There was a time banking activities such as deposits, withdrawal, etc. were limited to base branch (the branch where the account belongs) only. But now you can do all that from anywhere you wish. Not only the same banks but different banks as well.

Answer : 4. Moratorium
Explanation:
It is a period of time in which there is a suspension of a specific activity until future events warrant a removal of the suspension or issues regarding the activity have been resolved. In bankruptcy law, a legally binding halt of the right to collect debt. For example, if a company is going through rough times it might have a moratorium on advertising spending. In other words, to cut costs, it won’t spend any money on advertising.

Answer : 1. Sub-prime Crisis
Explanation:The term “sub-prime” refers to the credit status of the borrower (being less than ideal), not the interest rate on the loan itself. “sub-prime” is any loan that does not meet “prime” guidelines. Subprime lending, also called B-paper, near-prime, or second chance lending, is the practice of making loans to borrowers who do not qualify for the best market interest rates because of their deficient credit history.

Answer : 1. Overdrawn
Explanation:
If you try to use your debit card when there is not enough money in your account to cover the transaction and your account does not allow overdrawing, the transaction will be declined. No fee is charged. If your account allows overdrawing, you can be charged a fee, like with a check.

Answer : 3. Unsecured credit
Explanation:
Credit cards, store cards and some personal loans and overdrafts are usually unsecured forms of credit. Unsecured forms of credit usually have higher interest rates than secured forms of credit.

Answer : 4. Bank Internet Payment System
Explanation:
It is an electronic system for making payments by moving money directly into a bank account over the Internet