SBI PO/Clerk 2018 Main Exam: GK Test Day 6

Answer – 1. Shrimant Jha
Explanation:
On April 2018, Differently-abled Indian arm wrestler Shrimant Jha won a bronze medal at the Asian Armwrestling Championship, which is being held from April 16 to April 22 in Kazakhstan. The 25-year-old, resident of Naxal-hit Chhattisgarh finished behind Tajikistan’s Firuz and Magolia’s Munkhbold to settle for the bronze in the 80kg senior category.

Answer – 2. Nagaland
Explanation:
On April 20, 2018, Nagaland launched “Saubhagya, Sahaj Bijli Har Ghar Yojana”, aimed at electrifying over 90000 households across the state by March 31, 2019. Under this programme, electricity will be provided to 66766 rural households and 24,566 urban households in Nagaland.

Answer – 1. e-Vidhan
Explanation:
On April 20, 2018, Union Minister of State for Parliamentary Affairs, Statistics and Programme Implementation, Vijay Goel inaugurated the new office of Central Project Monitoring Unit for the e-Vidhan project of the Government at the Parliament House Annexe.e-Vidhan, a part of Central Government’s Digital India Programme, is a mission mode project to digitize and make the functioning of State Legislatures in India paperless.

Answer – 3. New Delhi
Explanation:
The Four day first International SME (Small,Medium Enterprises) convention 2018 is being held in New Delhi from 22nd to 24th April 2018. The main focus of this convention is on inclusion of MSMEs in the Make in India program & empowering women entrepreneurs. It has been engaged by Minister of MSME (Micro, Small & Medium Enterprises) with 35 International Trade Development organizations.

Answer – 5. None of these
Explanation:
2018 TIME 100 Most Influential People List, featuring some of the world’s most significant artists, leaders, scientists, activists and entrepreneurs was announced on April 19, 2018.Four Indian who have featured in 2018 TIME 100 are Indian cricket captain Virat Kohli, Ola co-founder Bhavish Aggarwal, Bollywood star Deepika Padukone and Microsoft CEO Satya Nadella.

Answer – 4. YES Bank
Explanation:
Mid-size private sector bank YES Bank has got approval from the Reserve Bank of India to open two international representative offices – in London and Singapore.

Answer – 3.150
Explanation:
India’s second largest public sector bank, Punjab National Bank (PNB) has stated that Union Ministry of External Affairs (MEA) has confiscated passports of 150 wilful defaulters based on its complaints. In addition to impounding the passports, PNB has also lodged 37 FIRs against those who are not repaying loans. In March 2018, Union Finance Ministry asked banks to obtain passport details of those who have borrowed more than Rs 50 crore and ensure swift action in case of fraud in order to prevent them from fleeing the country. In wake of Rs 14000-crore fraud by diamond traders Nirav Modi and Mehul Choksi, PNB has become proactive in recovery of loans to improve its financial position. The bank has already declared 1084 wilful defaulters and published photos of 260 such defaulters in newspapers as part of its recovery drive. PNB has claimed to leverage data analytics for loan recovery and risk management, and has also tied up with a leading credit agency.

Answer – 2.Services
Explanation:
On April 20, 2018, Indian Overseas Bank (IOB) entered into an agreement with National e-Governance Services Limited (NeSL) for utilizing its Information Utility Services envisaged under the Insolvency and Bankruptcy Code, 2016. State-owned NeSL is the first Information Utility entity registered with the Insolvency and Bankruptcy Board of India (IBBI) under the aegis of the Insolvency and Bankruptcy Code, 2016. Information utility is an information network which procures and stores financial data like borrowings, default and security interests of various entities. It enables lenders in making decisions on credit transactions. Owing to this agreement, IOB branches will now be able to provide authenticated information about debts and defaults, thereby enhancing transparency in maintaining the list of borrowers, debtors, creditors and loan defaulters.

Answer – 1.60
Explanation:
On April 20, 2018, Reserve Bank of India amended its ‘know your customer’ (KYC) guidelines, making Aadhaar mandatory for conducting customer due diligence by banks and finance companies. As per the circular, for the purpose of doing customer due diligence, all RBI regulated entities must obtain Aadhaar number, PAN or Form No. 60 from an individual who is eligible for enrolment of Aadhaar. As every citizen is eligible for Aadhaar, the rule will apply to all Indians. The mandatory Aadhaar norm will not apply to residents of Jammu and Kashmir, Assam and Meghalaya. In addition to this, RBI has also done away with sections relating to the use of other “officially valid documents” by banks and financial institutions for address and identity proof. However, any change in norms, will be subject to a final decision by the Supreme Court on matters related to Aadhaar.

Answer – 3.7.4%
Explanation:
Reserve Bank of India (RBI) Governor Urjit Patel has stated that India’s Gross Domestic Product (GDP) is expected to grow at 7.4% in 2018-19. Mr. Patel gave this statement while addressing the International Monetary Finance Committee in Washington D.C, US on April 21, 2018. He stated that global demand has been improving, which should encourage exports and boost fresh investments in 2018-19. According to Mr. Urjit Patel, Gross fiscal deficit (GFD) of the Central Government is budgeted at 3.3 per cent in 2018-19. He outlined that although GDP growth in 2017-18 moderated to 6.6 percent as compared to 7.1 percent in 2016-17, there was a strong rebound in the second half of 2017-18 on the back of a turnaround in investment demand.

Answer – 1. Rs.50,000
Explanation:
In ‘Small Accounts’ balance in such accounts at any point of time should not exceed Rs.50,000

Answer – 4. IFCI
Explanation:
Industrial Finance Corporation of India, was the first development finance institution established by the Indian government after independence

Answer – 1. 1 year
Explanation:
Short-term industrial finance refers to the funds required for a period of less than one year.

Answer – 4. Wholesale banking
Explanation:
Wholesale banking refers to financial services conducted between financial services companies and institutions such as banks, insurers, fund managers, and stock brokers.

Answer – 3. Consumer banking
Explanation:
Retail Banking is also known as Consumer banking.

Answer – 3. Himachal Pradesh

Answer – 4. Karnataka

Answer – 5. Majuro

Answer – 5. World NGO Day

Answer – 4. Chhattisgarh