IBPS RRB Clerk 2019 Mains: GA Test Day 10

Answer – 3) ”Honor your parents”
Explanation:
Global Day of Parents is observed globally on 1st June to honor parents all around the world. It aims to celebrate parent’s selfless love to shape their children’s future. Theme for this year – Honor your parents.

Answer – 3) 3000
Explanation:
Cabinet meeting chaired by PM Modi has approved to give monthly pension of Rs 3,000 to small traders, businessmen, and shopkeepers after they attain the age of 60 years. All small shopkeepers, self-employed persons and retail traders who have Goods and Services Tax (GST) turnover below Rs 1.5 crore and also aged between 18 years to 40 years are eligible under the scheme. This decision will benefit 5 crore small traders in the upcoming three years.

Answer – 1) Bangkok, Thailand
Explanation:
The fourth Quadrilateral Security Dialogue (QUAD) meeting was recently held in Bangkok, Thailand. It is an informal strategic dialogue between the group of four countries – United States, India, Japan, and Australia .It was attended by senior officials of QUAD member countries. Countries held consultation on their collaborative efforts to advance a “free, open and inclusive Indo-Pacific region”, maritime security and good governance and also discussed the initiatives taken by each country to encourage transparent, principles-based investment in quality infrastructure.Meeting participants assured their support for ASEAN centrality and ASEAN-led regional architecture.

Answer – 3) Indian Oil Corporation Limited(IOCL)
Explanation:
On June 3, 2019, Indian Oil Corporation Limited(IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited(HPCL) signed an agreement to form a Joint Venture(JV) in New Delhi for laying the world’s longest Liquefied petroleum gas(LPG) pipeline from Kandla, Gujarat to Gorakhpur, Uttar Pradesh.IOCL BPCL and HPCL will hold 50%, 25% and 25% equity holding in the JV Company respectively.The 2,757-km cross-country pipeline will connect 3 major States with the west coast and 2 refineries at Koyali, Gujarat and Bina, Madhya Pradesh linking 22 LPG bottling plants in Gujarat(3), Madhya Pradesh (6) and Uttar Pradesh(13) which are owned by 3 Oil Marketing Companies (OMCs).Along with this, the pipeline will supply LPG to 21 more bottling plants in Rajasthan, Gujarat, Madhya Pradesh, Maharashtra and Uttar Pradesh through road-bridging.

Answer – 4) Ashis Ray
Explanation:
The chief executive of the England and Wales Cricket Board, Tom Harrison launched the book – Cricket World Cup: The Indian Challenge, a book on world cup from Indian perspective by veteran broadcaster and writer Ashis Ray. The book covers all the matches played by India since inaugural world cup 44 years ago and all final and semi final matches of all team. It was published by Bloomsbury. The book has been launched during an event at the annual summit of the UK-based India Business Group at the Institute of Directors in London.

Answer – 4) Karur Vysya Bank
Explanation:
Karur Vysya Bank Ltd (KVB) partnered with Centrum Wealth Management Ltd(Centrum) to form private limited Joint Venture(JV) to provide wealth management services to its clients. KVB will hold 51% of the share capital, Centrum will hold 45% and the remaining 4% will be held by the JV’s Staff.

Answer – 3) Nandan Nilekani
Explanation:
The Reserve Bank of India(RBI) appointed 5-member panel led by Nandan Nilekani recommended measures like 24×7 Real-Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) facility, duty-free import of Point-of-sales(POS) machines and elimination of all charges in order to promote digital payments in India. Policy recommendations were made to all major regulators such as RBI, Securities and Exchange Board of India (SEBI) , Insurance Regulatory and Development Authority of India (IRDAI) and Department of Telecommunications (DoT) with the objective to reduce cash based payments.

Answer – 3) ICICI Bank
Explanation:
Industrial Credit and Investment Corporation of India (ICICI) launched a dedicated center in Bengaluru to provide hazel free services to small business owners and startups. Sandeep Batra, Executive Director, ICICI Bank along with Mr. Viral Rupani, Retail Business Head – South, ICICI Bank inaugurated the center. The center provides various services which include working capital loans of up to Rs. 20 crore, business loans (based on GST returns) of up to Rs. 1 crore, instant overdraft facility of up to Rs. 15 lakh, extensive trade solutions and cash management services, and others.The center also provides legal and valuation desk to help customers in resolving challenges related to collateral for various loans.

Answer – 4) Suryoday Small Finance Bank
Explanation:
On June 4, 2019, Ashok Leyland, Hinduja Group flagship firm, partnered with Suryoday Small Finance Bank to provide vehicle loans.Under this partnership, Suryoday Small Finance Bank will provide end-to-end financial solutions to the customers of Ashok Leyland for auto loans across India.The strategic financing partnership agreement was signed for 3 years.

Answer – 2) Yes Bank
Explanation:
Yes Bank has conducted the first e-auction of forest produce in Dhanora Mahasangh in Maharashtra under its Tech for Change initiative where the bank work with the government and corporate to create technology-based solutions which have a social impact. It is a joint effort of Yes Bank with its fintech partner, Sparsh Technologies.The expected throughput is about Rs 40 crore per annum.Taluka Gramsabha Mahasangh Dhanora is a federation formed by 32 villages and 80 gram panchayats have come together as part of this initiative.

Answer – 4) SHCIL
Explanation:
Stock Holding Corporation of India Ltd (SHCIL), India’s largest custodian and depository participant

Answer – 3) LORO Account
Explanation:
LORO Account is a Current Account Maintained by one Domestic Bank on behalf of other domestic bank in foreign bank in foreign currency.

Answer – 3) Nachiket Mor
Explanation:
Committee on Comprehensive Financial Services for Small Businesses and Low Income Households, headed by Nachiket Mor recommended the formation of a new category of bank called payments bank.

Answer – 1) Minimum Reserve System
Explanation:
The RBI follows a minimum reserve system in the note issue. Initially, it used to keep 40 percent of gold reserves in its total assets.

Answer – 4) SEBI
Explanation:
Regulator for the Indian Corporate Debt Market is the Securities and Exchange Board of India (SEBI). SEBI controls bond market and corporate debt market in cases where entities raise money from the public through public issues.

Answer – 1) World Population Day

Answer – 1) Uttarakhand

Answer – 5) Mizoram

Answer – 4) Madhya Pradesh

Answer – 5) Indrayani