IBPS PO 2018 Mains: GA Test Day 20

Answer – 1) Gopalkrishna Gandhi
Explanation:
On 20th August 2018, former West Bengal Governor Gopalkrishna Gandhi was awarded the 24th Rajiv Gandhi National Sadbhavana Award on the occasion of 74th birth anniversary of former Prime Minister Rajiv Gandhi, in New Delhi. Gopalkrishna Gandhi was awarded the 2018 Rajiv Gandhi National Sadbhavana Award for promoting communal harmony and peace. The award includes a citation and a cash award of Rs 10 lakh. Gopalkrishna Gandhi was conferred the award by chairperson of the Congress Parliamentary party Sonia Gandhi, former Prime Minister Manmohan Singh and chairperson of the advisory committee for the award Karan Singh.

Answer – 1) Atal Bihari Vajpayee tower
Explanation:
From 18th to 20th August 2018, the 11th World Hindi Conference (WHC) was held at Swami Vivekanand International Convention Centre in Port Louis, Mauritius. It 11th World Hindi Conference (WHC) was organized by the Ministry of External Affairs, India in collaboration with the Government of Mauritius. It was inaugurated by Mauritius Prime Minister Pravind Kumar Jugnauth. Over 2,000 delegates participated in the conference. Main theme of the Conference was “Hindi Vishwa Aur Bharatiy Sanskriti” (Hindi World and Indian Culture). Mauritius Prime Minister Pravind Jugnauth announced that Mauritius cyber tower, for which Atal Bihari Vajpayee had contributed, will be named as Atal Bihari Vajpayee tower.

Answer – 3) Bhitarkania National Park
Explanation:
On August 21 2018 ,Odisha government has decided to set up a state-of-the-art interpretation centre at Bhitarkanika National Park to showcase its flora, fauna and rich biodiversity. Now, the national park has an interpretation centre at Dangmal but it proved to be inadequate in preserving the vast reserve of the finest biodiversity.So Government plan to set up a specialized and world-class interpretation centre at Bhitarkanika to showcase its efforts in protecting crocodiles and preserving its rich mangrove diversity. The project has been approved under the Integrated Coastal Zone Management Programme (ICZMP)at an estimated cost of Rs 3 crore.

Answer – 3) Raveena Tandon
Explanation:
On 22nd August 2018, Maharashtra Forest Minister Sudhir Mungantiwar announced the appointment of actor Raveena Tandon as the brand ambassador of the Sanjay Gandhi National Park (SGNP) based in Mumbai. SGNP is rich in flora and fauna. It provides water to a major portion of Mumbai. As the brand ambassador of SGNP, Raveena Tandon will work with Maharashtra forest department to create awareness about its initiatives, like the 50 crore tree plantation drive, eco-tourism in SGNP, conservation of leopards in SGNP, etc.

Answer – 1) 2Gud
Explanation:
On August 24, 2018, Flipkart unveiled a dedicated portal ‘2Gud’ for refurbished goods, including mobile phones, laptops and tablets. It is aimed to bring affordability, accessibility and availability to the refurbished market. It would offer refurbished mobile phones, tablets, laptops and other electronic accessories along with a 3-12 month warranty. The platform would also allow customers to return their products. It will soon be accessible through desktop browsers and a mobile application.

Answer – 1) Rs 50 lakh
Explanation:
On August 23, 2018, Ujjivan Small Finance Bank announced the launch of its overdraft facility for micro and small enterprises (MSE). This is aimed at the MSEs who don’t have easy access to formal credit. It would be offered to all MSEs with a turnover of Rs 50 lakh or more. This interest rate on the overdraft is for one year with a minimum credit of Rs 11 lakh to a maximum of Rs 50 lakh renewed on an annual basis. A key feature of the facility is that it allows MSE customers to pay EMI only on the utilised amount and repay the amount at any time during the tenure of the OD facility.

Answer – 2) DBS Bank
Explanation:
On August 27, 2018, Global Finance magazine named DBS Bank as the world’s best bank for digital innovation while still maintaining stable operations for its customers. It is the first Asian bank to receive the accolade. It was given to ING Bank in 2017. In 2016, finance magazine Euromoney named DBS the world’s best digital bank. It also received the Asia’s best bank title. In 2014, Ms Tan Su Shan, DBS’ group head of consumer banking and wealth management, was recognised as the world’s best leader in private banking at the PWM/The Banker Global Private Banking Awards.

Answer – 1) Axis Securities
Explanation:
On August 28, 2018, Axis Securities launched commodity broking services with MCX and became the first bank subsidiary to enter the commodity broking business. All existing Axis Direct customers can now trade in 29 commodity futures and contracts through a one-time online registration process. These cover: industrial metals, energy and agricultural segments.

Answer – 2) State Bank of India (SBI)
Explanation:
SBI has published a list of new branch codes as well as the IFSC codes of these branches. The merger of six associate banks and Bhartiya Mahila Bank (BMB) with State Bank of India (SBI) came to effect from April 1, 2017 resulting into increase in size and valuation of the bank. A total of 1,295 branches have been changed across the country as per the SBI list enlisting the old and new IFSC codes after rationalisation/merger with associate banks and BMB.

Answer – 2) $245 million
Explanation:
On August 31, 2018, the Board of Directors of the Asian Development Bank (ADB) has approved a financing package totaling $245 million to three districts of West Bengal state. It aims to provide safe, sustainable, and inclusive drinking water service. The total project cost is $349 million.

Answer – 3) FMC
Explanation:
On 28 September 2015 the FMC was merged with the Securities and Exchange Board of India (SEBI).

Answer – 2) NSE
Explanation:
The National Stock Exchange of India Limited (NSE) was established in 1992 as the first demutualized electronic exchange in the country.

Answer – 3) The Banking Regulation Act, 19499
Explanation:
As per Section 5(b) of the Banking Regulation Act, 1949 , “banking” means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdraw-able by cheque, draft, order or otherwise.

Answer – 4) Mint
Explanation:
when Spurious coins tendered over the counter, it should be cut and handed over to the tenderer. If the tenderer disputes it, the coins should be sent to the mint at his cost, for examination.

Answer – 3) Special Crossing
Explanation:
When a particular bank’s name is written in between the two parallel lines the cheque is said to be specially crossed.The effect of special crossing is that the bank makes payment only to the banker whose name is written in the crossing. Specially crossed cheques are more safe than a generally crossed cheques.

Answer – 4) Madhya Pradesh

Answer – 4) Chhattisgarh

Answer – 5) Himachal Pradesh

Answer – 5) World Animal Day

Answer – 2) Manipal