IBPS RRB Clerk 2018 Main Exam: GK Test Day 10

Answer – 4) Akshay Kumar
Explanation:
On 5th September 2018, actor Akshay Kumar was made the first honorary ambassador of Lal Bahadur Shastri Memorial Foundation. Lal Bahadur Shastri Memorial Foundation was founded by the family of India’s second Prime Minister, Lal Bahadur Shastri. His grandson Vinamra Shastri, is the current president of the foundation. Akshay Kumar will support the ‘Jai Jawan Jai Kisan’ motto for the welfare of the soldier (jawan) and the farmer (kisan).

Answer – 4) 19
Explanation:
On September 6, 2018, according to the biennial Nuclear Security Index released by US-based Nuclear Threat Initiative (NTI), India ranks 19th in the ‘Theft Ranking’ for countries with weapons usable nuclear materials. India has improved its ranking by one spot from 2016. India got 19th rank and Pakistan ranked 20th. Australia (that topped in 2012, 2014, 2016) shares the top spot with Switzerland in 2018. They are followed by Canada, Germany and Japan.

Answer – 1) Experiential Learning – Gandhiji’s Nai Talim
Explanation:
On 5th September 2018, a book named “Experiential Learning – Gandhiji’s Nai Talim” (basic education) was released by Union Minister of Human Resource Development Prakash Javadekar, on the occasion of National Teachers’ Day. Contents: basic principles of Gandhi’s ‘Nai Talim’, work and education curriculum for schools, D.Ed, B.Ed and faculty development programmes for teachers. Launched in 13 languages: Assamese, Tamil, Bengali, Odiya, Kannada, Malyalam, Punjabi, Marathi, Telugu, Gujarati, Urdu, Hindi and English.

Answer – 3) Singapore
Explanation:
Facebook will invest more than $1 billion to build its first data centre in Asia in Singapore. It is expected to be opened in 2022. The data centre will be built on an area of 170,000 square metre.

Answer – 2) Kathmandu, Nepal
Explanation:
On September 5, 2018, the 3 –day long International Women Entrepreneurs Summit 2018 inaugurated by Vice President of Nepal Nanda Bahadur Pun concluded in Nepal. The theme of the 3-day event was “Equality begins with Economic Empowerment”. It was organized by the South Asian Women Development Forum. The main objective of the summit is to bring together achievers, women business leaders, professionals etc to focus on innovative economic transformation through discussions and collaborations.

Answer – 3) Airtel Payment Bank
Explanation:
On September 7, 2018, Airtel Payment Bank announced that users can withdraw cash from ATMs, without the need for a physical debit or credit card. For this Airtel has partnered with Empays to enable Instant Money Transfer (IMT) for its account holders. 20,000 ATMs have been enabled with Empays IMT card-less cash technology which will expand to over 100,000 ATMs by the end of 2018. This new service is available to both smartphone and feature phone users through USSD (*400#) and MyAirtel app.

Answer – 3) Asia Index Pvt Ltd
Explanation:
On September 5, 2018, Asia Index Pvt Ltd launched S&P BSE Private Banks Index to measure the performance of private banks. It is drawn from the constituents of the S&P BSE Finance Index, the Asia’s oldest exchange. This index would measures the performance of private banks listed in India. The index is calculated in Indian Rupees and US Dollar and is calculated real-time by BSE.

Answer – 3) Asian Development Bank (ADB)
Explanation:
On September 5, 2018, the Asian Development Bank (ADB) launched its first Trade Finance Scorecard, a new tool to address market and boost trade finance. It aims to prevent money-laundering and terrorism. It will open a channel of dialogue among stakeholders to prevent terror financing.

Answer – 1) Rs 655 crore
Explanation:
On September 7, 2018, Indian Overseas Bank got RBI’s approval for call option on bonds totaling Rs.655 crore. In a call option, the issuer of the bond can redeem the instruments before its maturity. This is scheduled to be exercised on September 17, 2018.

Answer – 2) 10
Explanation:
On September 4, 2018, the Reserve Bank of India directed all scheduled commercial banks with more than 10 branches to appoint an internal ombudsman. Regional rural banks are not included in this directive. This was done to ensure that the complaints of the customers are redressed. This was done under the ‘Internal Ombudsman Scheme, 2018’ which gives ombudsman statutory powers under section 35 A of the Banking Regulation Act, 1949.

Answer – 1) Maseru

Answer – 5) Gujarat

Answer – 5) Assam

Answer – 5) Rajasthan

Answer – 4) Nicaraguan cordoba

Answer – 4) Kumbakonam
Explanation:
City Union Bank (CUB) India is one of the private banks in India. It was previously known as Kumbakonam Bank Limited
CEO: Dr. N. Kamakodi
Founded: 1904

Answer – 3) 34 Government of India owned / controlled institutions
Explanation:
Small Industries Development Bank of India(SIDBI) was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India. Currently the ownership is held by 34 Government of India owned / controlled institutions.

Answer – 4) Both (1) and (3)
Explanation:
Non-Resident (External) Rupee Account Scheme[NRE Account] and Foreign Currency (Non-Resident) Account (Banks) Scheme [FCNR (B) Account]can be repatriable
while Non-Resident Ordinary Rupee Account Scheme[NRO Account]is not repatriable except for all current income.Balances in an NRO account of NRIs/ PIOs are remittable up to USD 1 (one) million per financial year (April-March) along with their other eligible assets.

Answer – 5) 100%
Explanation:
under EEFC account, a facility provided to the foreign exchange earners, including exporters, to credit 100 per cent of their foreign exchange earnings to the account. so that the account holders do not have to convert foreign exchange into Rupees and vice versa, thereby minimizing the transaction costs.

Answer – 2) 3 years
Explanation:
The Rupee denominated bonds can only be issued in a country and can only be subscribed by a resident of a country with minimum maturity period of 3 years.