IBPS RRB Clerk 2019 Mains: GA Test Day 14

Answer – 2) Afghanistan
Explanation:
On September 5, 2019 Afghanistan test cricket captain Rashid Khan who led the match against Bangladesh at the Zahur Ahmed Chowdhury Stadium in Chittagong(Bangladesh) created record by becoming the youngest test cricket captain released by International Cricket Council(ICC) at the age of 20 years and 350 days.

Answer –  3) Nur-Sultan, Kazakhstan
Explanation:
The World Wrestling Championships 2019 are scheduled to be held from September 14-22, 2019 at Barys Arena in Nur-Sultan, Kazakhstan. It will begin with the Greco-Roman wrestling competition. Wrestlers from 101 nations will be fighting for medals across Greco-Roman, freestyle and women’s wrestling categories. It is organized by United World Wrestling (UWW), the Kazakh Ministry of Culture and Sports, the National Olympic Committee (NOC of Kazakhstan), the Kazakh Confederation of Martial Arts and Power Sports and the Kazakh Federation of Greco-Roman, Freestyle and Women’s Wrestling.

Answer –  4) Zimbabwe
Explanation:
On September 6, 2019, Former President (2nd) and first prime minister of Zimbabwe, Robert Mugabe passed away at the age of 95 in Singapore due to old age related ailments

Answer –  3) Jhelum Biswas Bose
Explanation:
A new book, “Phoolpur: Indian Flowers, Their Myths, Traditions and Usage” written by Jhelum Biswas Bose is set to be released on September 8, 2019. It is published by Penguin India. The book’s foreword is written by actor Lisa Ray. i. The book explains the subtle power and meaning of different Indian flowers. ii. It teaches the ways to use them in living spaces, food, beauty and healing treatments.

Answer –  3) Muhammad Yunus
Explanation:
On September 5, 2019 the Vatican city(smallest country in the world) conferred 2006 Noble laureate of Bangladesh, Prof MuhammadYunus with 2019 ‘Lamp of Peace of Saint Francis ‘ award at the historical Papal Basilica of Assisi,Italy.

Answer – 2) C-Coverage – Liquidity Coverage Ratio
Explanation:
RBI has altered the LCR (Liquidity Coverage Ratio) norms to offer an additional 2% window to lenders. The central bank has brought in this alteration in order to improve the cash position of banks by harmonising liquidity requirements and giving away extra money to lenders.The Central Bank has lengthened the deadline for joining the floating interest rates on home, personal, auto and MSEs (Micro and Small Enterprises) loans to external benchmarks.As the growth of credit is taking a faster pace than deposit growth, banks are facing a resource crunch.Currently the investment to deposit ratio in government bonds is 27.5%, while the compulsory requirement is 19.25%.In order to improve the process of undertaking foreign-exchange transactions, the non-banking financial companies and non-deposit holding companies (NBFCs-NDSI) in the category of Investment and Credit Companies (ICCs) will be eligible to apply for Authorised Dealer Category II licence.

Answer – 2) Emirates Islamic bank
Explanation:
On 7th April 2019, Emirates Islamic bank launched a chat banking facility for its customer via Whatsapp and become the world’s 1st bank in the Islamic banking sector to give such facility. It was supported by Infobip. ii. This chat banking solution allows customers to check account balances, temporarily blocking or unblocking of an existing card.

Answer – 2) PAISALO Digital Limited
Explanation:
With the profound vision of empowering the ‘Agri’, ‘MSME segment’ and small businesses, PAISALO Digital Limited signed the first co-origination loan agreement (designed at Rs.10,000 to 2 lakh) with State Bank of India (SBI). The company expects to pay out 200,000 loan applications in FY20. The objective of this framework is to bring the 2 sectors, namely, banks and Micro-Finance Institutions (MFIs)/Non-Banking Finance Companies (NBFCs) together.

Answer – 1) PayU
Explanation:
On 12th April, 2019, PayU, Digital payments security and payment facilitator has acquired Wibmo, a US-based financial technology for USD 70 million to assist the company scale-up its business. Under the agreement, Wibmo will continue to serve all of its clients as a wholly-owned subsidiary of PayU.The accession integrates PayU’s strong merchant network and  Wibmo’s  leadership for digital transaction security solutions to offer payments solutions in India for growth markets.

Answer – 4) Foreign Currency Accounts
Explanation:
On 11th April 2019, The Reserve Bank of India sanctioned reinsurance brokers to initiate non-interest bearing foreign currency accounts with banks for undertaking transactions. The Insurance Regulatory and Development Authority of India (IRDA) had issued notification and following this the RBI declared Foreign Exchange Management (Foreign Currency Accounts by a resident person in India) Regulations, 2015 – Opening of Foreign Currency Accounts by Re-insurance and Composite Insurance brokers. Foreign currency account refers to a bank account operated in a currency other than the currency of India or Bhutan or Nepal.

Answer – 4) Debt Consolidation
Explanation:
Debt consolidation is a form of debt refinancing that entails taking out one loan to pay off many others.

Answer – 4) Escrow Account
Explanation:
An escrow account is a temporary pass through account held by a third party during the process of a transaction between two parties. Definition: An escrow account is a temporary pass through account held by a third party during the process of a transaction between two parties.

Answer – 3) Loan to Value(LTV)
Explanation:
The loan-to-value (LTV) ratio is a financial term used by lenders to express the ratio of a loan to the value of an asset purchased. The term is commonly used by banks and building societies to represent the ratio of the first mortgage lien as a percentage of the total appraised value of real property.

Answer – 2) Promissory Note
Explanation:
A promissory note is a legal instrument in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee)

Answer – 1) Reconveyance
Explanation:
The transfer of real property that takes place when a mortgage is fully paid off and the land is returned to the owner free from the former debt.

Answer – 4) Madhya Pradesh

Answer – 4) Chhattisgarh

Answer – 5) Himachal Pradesh

Answer – 5) World Animal Day

Answer – 5) Belmopan