Sunday, March 12, 2017

INDIA BUDGET 2017-18 HIGHLIGHTS


The 2017 Union Budget, presented by Finance Minister Arun Jaitley on 01st February 2017, was broadly focused on 10 issues farming sector, rural population, youth, poor and health care for the underprivileged, infrastructure, financial sector for stronger institutions, speedy accountability, public services, prudent fiscal management and tax administration for the honest.


                                                         Demonetisation

1. Demonetisation is expected to have a transient impact on the economy.
2. It will have a great impact on the economy and lives of people .
3. Demonetisation is a bold and decisive measure that will lead to higher GDP growth.
4. The effects of demonetisation will not spillover to the next fiscal.

Agriculture sector

1. Sowing farmers should feel secure against natural calamities.
2. A sum of Rs. 10 lakh crore is allocated as credit to farmers, with 60 days interest waiver.
3. NABARD fund will be increased to Rs. 40,000 crore. 
4. Government will set up mini labs in Krishi Vigyan Kendras for soil testing.
5. A dedicated micro irrigation fund will be set up for NABARD with Rs 5,000 crore initial corpus.
6. Irrigation corpus increased from Rs 20,000 crore to Rs 40,000 crore.
7. Dairy processing infrastructure fund wlll be initially created with a corpus of Rs. 2000 crore.
8. Issuance of soil cards has gained momentum.
9. A model law on contract farming will be prepared and shared with the States.

Rural population

1. The government targets to bring 1 crore households out of poverty by 2019.
2. During 2017-18, five lakh farm ponds will be be taken up under the MGNREGA.
3. Over Rs 3 lakh crore will be spent for rural India. MGNREGA to double farmers' income.
4. Will take steps to ensure participation of women in MGNREGA up to 55%.
5. Space technology will be used in a big way to ensure MGNREGA works.
6. The government proposes to complete 1 crore houses for those without homes.
7. Will allocate Rs. 19,000 crore for Pradhan Mantri Gram Sadak Yojana in 2017-18.
8. The country well on way to achieve 100% rural electrification by March 2018.
9. Swachh Bharat mission has made tremendous progress; sanitation coverage has gone up from 42% in Oct 13 to 60% now.

 youth

1. Will introduce a system of measuring annual learning outcomes and come out with an innovation fund for secondary education.
2. Focus will be on 3,479 educationally-backward blocks.
3. Colleges will be identified based on accreditation.
4. Skill India mission was launched to maximise potential. Will set up 100 India International centres across the country.
5. Courses on foreign languages will be introduced.
6. Will take steps to create 5000 PG seats per annum.

For the poor and health care

1. Rs. 500 crore allocated for Mahila Shakthi Kendras.
2. Under a nationwide scheme for pregnant women, Rs. 6000 will be transferred to each person.
3. A sum of Rs. 1,84,632  crore allocated for women and children.
4. Affordable housing will be given infrastructure status.
5. Owing to surplus liquidity, banks have started reducing lending rates for housing.
6. Elimination of tuberculosis by 2025 targeted.
7. Health sub centres, numbering 1.5 lakh, willl be transformed into health wellness centres.
8. Two AIIMS will be set up in Jharkhand and Gujarat.
9. Will undertake structural transformation of the regulator framework for medical education.
10. Allocation for Scheduled Castes  is Rs. 52,393  crore
11. Aadhaar-based smartcards will be issued to senior citizens to monitor health.

Infrastructure; Railways

1. A total allocation of Rs. 39,61,354 crore has been made.
2. Total allocation for Railways is Rs. 1,31,000 crore.
3. No service charge on tickets booked through IRCTC.
4. Raksha coach with a corpus of Rs. 1 lakh crore for five years (for passenger safety).
5. Unmanned level crossings will be eliminated by 2020.
6. 3,500 km of railway lines to be commissioned this year up from 2,800 km last year.
7. SMS-based ''clean my coach service'' is put in place.
8. Coach mitra facility will be introduced to register all coach related complaints.
9. By 2019 all trains will have bio-toilets.
10. Five-hundred stations will be made differently-abled friendly.
11. Railways to partner with logistics players for front-end and back-end solutions for select commodities.
12. Railways will offer competitive ticket booking facility
13. Rs. 64,000 crore allocated for highways. 
14. High speed Internet to be allocated to 1,50,000 gram panchayats
15. New Metro rail policy will be announced with new modes of financing

Energy Sector

1. A strategic policy for crude reserves will be set up
2. Rs. 1.26,000 cr for energy production-based investments received
3. Trade infra export scheme will be launched 2017-18.

Financial Sector

1. FDI policy reforms - more than 90% of FDI inflows are now automated.
2. Shares of Railway PSE like IRCTC would be listed on stock exchanges. 
3. Bill on resolution of financial firms to be introduced in this session of parliament.
4. Decided to abolish FIPB in 2017-18.
5. Foreign Investment Promotion Board to be abolished.
6. Revised mechanism to ensure time bound listing of CPSEs
7. Computer emergency response team for financial sector to be formed.
8. Pradhan Mantri Mudra Yojana lending target at Rs 2.44 lakh crore for 2017-18
9. Digital India - Bhim app will unleash mobile phone revolution - two new schemes to promote the app.
10. Govt to introduce two new schemes to promote BHIM App - referral bonus for users and cash back for traders: FM.
11. Negotiable Instruments Act might be amended.
12. DBT to LPG consumers , Chandigarh is kerosene free, 84 govt schemes are on the DBT platform.
13. Head post office as the central office for rendering passport services
14. Easy online booking system for Army, defence personnel
15. For big-time offences - including economic offenders fleeing India, the govt. will introduce a legislative change or new law to confiscate the assets of these people within the country.

Fiscal Situation

1. Total expenditure - Rs. 21, 47,000 crore
2. Abolition on plan, non-plan expenditure, focus on capital expenditure ( Capital expenditure will be 25.4 per cent)
3. Rs. 3,000 crore under Dept of Economic Affairs for implementing Budget announcements.
4. Defence expenditure, excluding pension, at Rs 2,74,114  crore
5. Expenditure in science and technology —  Rs. 37,435 crore
6. Total resources transferred to States and UTs is Rs 4.11 lakh crore
7. Recommended 3% fiscal deficit for three years with deviation of 0.5% of GDP.
8. Revenue deficit - 1.9 %
9. Pegged fiscal deficit of 2017-18 at 3.2% of GDP and remain committed to achieving 3% in the next year.

On funding of political parties

1. Maximum amount of cash donation for political parties will be Rs 2,000 from any one source from Rs 20,000
2. Political parties will be entitled to receive donations by cheque or digital mode from donors.
3. Amendment is being proposed to RBI Act to enable issuance of electoral bonds that government will scheme. Donor can 4. purchase these bonds from banks or post office via cheque or digital transactions. They can be redeemed only by registered political parties.

Tax proposals

1. Proportion of direct tax to indirect tax is not optimal.
2. 1.95 crore individuals showed income between Rs 2.5 lakh to Rs 5 lakh.
3. Out of 76 lakh individual assessees declaring income more than Rs 5 lakh, 56 lakh are salaried.
4. Only 1.72 lakh people showed income of more than Rs 50 lakh a year.
5. Between Nov 8 to Dec 30: Deposits between Rs 2 lakh and Rs 80 lakh was made in 1.09 crore accounts.
6. Net tax revenue of 2013-14 was Rs 11.38 lakh crore.
7. Out of 76 lakh individual assessees declaring income more than Rs 5 lakh, 56 lakh are salaried.
8. 1.95 crore individuals showed income between Rs 2.5 lakh to Rs 5 lakh.
9. Rate of growth of advance tax in Personal I-T is 34.8% in last three quarters of this financial year.
10. Holding period for long term capital gain lowered to 2 years
11. Propose to have carry-forward of MAT for 15 years.
12. Capital gains tax to be exempted for persons holding land from which land was pooled for creation of state capital of Telangana.
13. Corporate tax: In order to make MSME companies more viable, propose to reduce tax for small companies of turnover of up to 16. Rs 50 crore to 25%. About 67 lakh companies fall in this category. 96% of companies to get this benefit.
14. Propose to reduce basic customs duty for LNG to 2.5% from 5%
15. SIT on black money suggested no cash transactions of more than Rs 3 lakh. Govt has accepted this proposal.
16. Income Tax Act to be amended.  No transaction above Rs 3 lakh to be permitted in cash.
17. Limit of cash donation by charitable trust reduced to Rs 2,000 from Rs 10,000.
18. Net revenue loss in direct tax could be Rs. 20,000 crore.
19. India’s tax to GDP ratio is not favourable.
20. Out of 13.14 lakh registered companies, only 5.97 lakh companies have filed returns for 2016-17.

Personal income tax

1. Existing rate of tax for individuals between Rs.  2.5- Rs 5 lakh reduced to 5% from 10%
2. All other categories of tax payers in subsequent brackets will get benefit of Rs 12,500.
3. Simple one page return for people with annual income of Rs. 5 lakh other than business income.
4. People filing I-T returns for the first time will not come under govt. scrutiny5. 
5. 10% surcharge on individual income above Rs. 50 lakh and up to Rs 1 crore to make up for Rs 15,000 crore loss due to  cut in personal I-T rate. 15 surcharge on individual income above Rs. 1 crore to remain.

CURRENT AFFAIRS PRACTICE QUESTIONS FOR ALL COMPETITIVE EXAMS

1) In which city, India's first hill station bicycle path was launched?
a. Darjeeling
b. Indore
c. Pune
d. Gangtok

2) On the occasion of Maha shivratri , PM Narendra Modi unveiled a 112-feet-tall Lord Shiva statue,that was made entirely of ………
a. Bronze
b. Steel
c. Gold
d. Silver

3) India’s first Gramin Khel Mahotsav will be conducted in which city from 25th to 31st March 2017.?
a. Hyderabad
b. Chennai
c. New delhi
d. Agra

4) Which country army has launched nationwide military operation named ‘Radd-ul-Fasaad’ to eliminate menace of terrorism and consolidate gains of its counter-terrorism operations?
a. Iran
b. Iraq
c. Russia
d. Pakistan

5) The ……editon BRICS Summit’s first Sherpas Meeting took place in Nanjing?
a. 9th
b. 10th
c. 8th
d. 7th

6) Government has announced to bring high-speed broadband connectivity to every village by which year?
a. 2018
b. 2019
c. 2020
d. 2021

7) Which series of Sovereign Gold Bonds in 2016-2017 has been issued by union finance ministry recently?
a. Series III
b. Series IV
c. Series V
d. Series VI

8) The state-owned Airport Authority of India (AAI) along with International Air Transport Association (IATA) launched, an e-billing solution for airport operators across the world. Name it?
a. SKYREV360
b. SKYREV260
c. SKYREV460
d. SKYREV560

9) Which country and India held detailed deliberations on the legal processes and procedures on Extradition and Mutual Legal Assistance held in New Delhi recently?
a. USSR
b. USA
c. UK
d. UAE

10) The Union Cabinet has approved signing of a Memorandum of Understanding (MoU) between India and which country for promotion and development of coop - eration in civil aviation security?
a. Australia
b. Norway
c. Cuba
d. Cambodia

11) The PSU bank that has bagged two IBA Banking Technology awards is ……?
a. SBI
b. Andhra bank
c. Karnataka bank
d. Kerala bank

12) Hassan Ali Khaire is the new PM of which country , appointed on 23rd Feb 2017?
a. Somalia
b. Saudi arabia
c. Doha
d. Cuba

13) The Central Board of Excise and Customs (CBEC) has launched a mobile application for Goods and Services Tax. Taxpayers can readily access a host of GST information. Which of the following statements are true about it?
1. Migration to GST-Approach and guidelines for migration
2. Draft Law-Model GST Law, IGST Law and GST Compensation law
3. Draft Rules-Rules related to Registration, Returns, Payment, Refund and Invoice
4. Various resources on GST such a videos, articles etc
5. Related website links, FAQs, Help desk/email contact
a. Only 1,2,3 are true
b. Only 2,3,4 are true
c. Only 3,4,5 are true
d. All 1,2,3,4 and 5 are true

14) Sampark is a …………..?
a. Business Idea challenge
b. Industry academia interface event
c. Both of the above
d. None of the above

15) As cyber attacks are increasing, the government through its Computer Emergency Response Team (CERT-in) on 21st Feb 2017 launched which among the following?
a. Cyber swachhtha kendra
b. Cyber forensic kendra
c. Cyber swatch kendra
d. None of the above

16) Telecom operator Bharti Airtel will acquire the business of which among the following company?
a. Vodafone
b. Telenor (India) Communications Private Limited
c. Telenor India
d. Both b & c

17) TATA Communications recently launched which iOT platform?
a. MOVE
b. PULL
c. PUSH
d. SPEED

18) Rate of retreat of Gangotri glacier has slowed down to how many metres since 2008 from the maximum of 35 metres recorded in 1974?
a. 11
b. 13
c. 14
d. 15

19) Small Industries Development Bank of India (SIDBI) has signed a Memorandum of Understanding (MoU) with which Bank for providing concessional finance to micro and small enterprises (MSEs)?
a. State bank of India
b. Vijaya bank
c. Axis bank
d. Yes bank

20) India’s first heliport, built by stateowned Pawan Hans will be set up at ?
a. Agra
b. Delhi
c. Hyderabad
d. Jaipur

21) Which Tata Steel's iron mine was felicitated with the Best Green Organ isation of the Year Award at the Global Green Future Leadership Awards in recognition of its environmental prot -
ection measures?
a. Katamati
b. Bokaro
c. Dhanbad
d. None

22) Shurhozelie Liezeitsu is the new Chief minister of which state in India?
a. Nagaland
b. Tripura
c. Mizoram
d. Meghalaya

23) The government on 22nd Feb 2017 approved a plan to double the capacity of solar parks and ultra-mega solar power projects (UMSPP) to how much MW from 20,000 mw?
a. 70,000
b. 40,000
c. 30,000
d. 35,000

24) The Impossibility Theorem was proposed by whom among the following, who died on 21st Feb 2017 in california?
a. John adems
b. John andrews
c. Kenneth J. Arrow
d.Kenneth K. James

25) Among the following, who is the largest G20 investor in India?
a. Britain
b. Japan
c. China
d. USA

26) On which day The International Mother language day was observed?
a. Feb 21
b. Feb 23
c. Feb 20
d. Feb 19

27) The South Asian Speakers Summit 2017 concluded on 20 February 2017 in which city?
a. Agra
b. Indore
c. Bhopal
d. Dispur

28) Identify the state that released digital road map?
a. AP
b. Telengana
c. Haryana
d. Punjab

29) Professor from Delhi University (DU) and his team discovered four new miniature species, and that the Frogman of India is …………?
a. SD Biju
b. SD Bilu
c. SD Biku
 d. SD Bibbu

30) Government is developing which among the following, to promote cashless economy?
a. Online platform for regulating cashless payments
b. Mobile app for regulating online transactions
c. Digital matrix to evaluate states for cashless economy
d. All above

ANSWERS:
1. A 2. B 3.C 4.D 5.A 6.A 7.B 8.A 9.C
10.A 11.C 12.A 13.D 14.C 15.A 16.D 17.A 18.A 19.B 20.B
21.A 22.A 23.B 24.C 25.A 26.C 27.B 28.C 29.A 30.C

Linking of Bank Account with Aadhaar

Banks are committed to seed savings bank accounts with the account holder’s Aadhaar number, based on the account holder’s consent. 

Aadhaar seeding will help accountholders to do fund transfer through the Aadhaar Enabled Payment System (AEPS) at Banking Correspondent points. Bharat Interface for Money (BHIM) app also supports pay to Aadhaar number mode. Further, Direct Benefit Transfer (DBT) can be made to eligible seeded accounts. 

As per reports received from public sector banks, Regional Rural Banks and 13 private sector banks, there are 110.03 crore individual, operative savings bank accounts (including Pradhan Mantri Jan Dhan Yojana accounts) with Aadhaar number seeded in 52.95 crore accounts. 

The overreaching aim and objective of seeding is enabling delivery of basic financial services. 

National Foundation for Corporate Governance (NFCG)

With the objective of fostering a culture of good governance, the National Foundation for Corporate Governance (NFCG) has accredited forty Seven premier Indian Institutions/Organizations as National Centers for Corporate Governance. These centers conduct seminars, workshops conferences, directors’ orientation programmes etc. for promoting good corporate governance practices and also carry out research work in this field. More than 250 events have been organized and 30 research works completed under the aegis of NFCG, besides publication of compendium on corporate sector and inclusive growth. The research report of the foundation, which include subject such as the role of independent directors, CSR, corporate governance in energy sector, reforms in banking sector etc. have also been hosted on its website for the benefit of the Stakeholders.

The objectives of the National Foundation for Corporate Governance (NFCG) set up in 2003, as per the trust deed, are given as under.

(a)    To provide a platform to deliberate issues relating to good corporate governance as the key to sustainable wealth creation;

(b)   To sensitize corporate leaders on the importance of good corporate governance, self- regulation and directorial responsibilities- statutory, social and environmental;

(c)    To stimulate and to facilitate exchange of experiences and ideas between corporate leaders, policy makers, regulators, law enforcing agencies, non-government organizations and voluntary agencies with a view to developing a framework for corporate governance reforms in the context of liberalization and globalization;

(d)   To provide research, training, practice, building, standard setting, advocacy, rating, monitoring, recognition and related support in the field of corporate governance;

(e)    To provide financial or any other assistance directly or indirectly for activities which seek to promote corporate governance including research and training;

(f)    To develop strategies that enhance value for all stakeholders and ensure long term benefits to the shareholders and the society at large;

(g)   To establish and deepen links with organizations in various parts of the world which promote corporate governance for exchange of ideas and for collaborative actions, projects and programmes;

(h)   To institute national awards and recognitions for excellence in corporate governance and develop a system of corporate governance rating;

(i)     To collaborate and to support, directly or indirectly, the initiative of any individual, group, organization or institution in promoting corporate governance;

(j)     To develop a code of best practices for corporate governance taking into consideration the international examples and to promote its voluntary adoption by the corporate bodies;

(k)   To prepare, print and publish any papers, periodicals or newspapers, books or leaflets either on its own or in collaboration with other persons/ entities through print or other media and to contribute to any papers or periodicals to disseminate information and knowledge in the area of corporate governance;

(l)     To facilitate, promote, commend and collaborate on the proposals from individuals, associations and organizations for funding by national, international and multi- lateral organizations as also industry- associations, regulators and governments;

(m) To provide advice, consultancy and technical and managerial support to the beneficiaries of the Trust’s programmes through a network of advisors drawn from the industry and institutions of excellence; and

(n) Other related objects.

BHIM app

The Bharat Interface for Money (BHIM) app has been launched on the iOS platform after its successful launch on android platform. On iOS it is currently supporting over 35 banks
and is currently available in Hindi and English BHIM app on iOS also has a limit of Rs 10, 000 per transaction and Rs20, 000 in a day for transfers through the bank account.

Pradhan Mantri Gramin Digital Saksharta Abhiyan

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved 'Pradhan Mantri Gramin Digital Saksharta Abhiyan' (PMGDISHA) to make 6 crore rural households digitally literate.

PMGDISHA is expected to be one of the largest digital literacy programs in the world. Under the scheme, 25 lakh candidates will be trained in the FY 2016-17; 275 lakh in the FY 2017-18; and 300 lakh in the FY 2018-19. To ensure equitable geographical reach, each of the 250,000 Gram Panchayats would be expected to register an average of 200-300 candidates.

Digital Payment of Salaries

The Lok Sabha has passed the Payment of Wages (Amendment) Bill, 2017 on 7th Feb 2017, which allows for digital payment of salaries or through cheque. The bill will now go to Rajya Sabha and following its passage in the upper House, the amendments will be notified.

The move will enable employers to pay wages of less than Rs.18,000 a month by cheque or digitally to bank accounts, besides in cash, by doing away with the requirement of employees' written consent for the same.

TAMRA Portal

The Union Govt has launched TAMRA (Transparency, Auction Monitoring and Resource Augmentation) portal and Mobile Application on 10th February, 2017 with an objective to enhance transparency and accountability as a part of the Ease of Doing Business in the Mining sector.

National Testing Agency (NTA)

The Union Human Resource Development Ministry has announced to set up a National Testing Agency (NTA) department to conduct examinations for higher and secondary.
Note: 
Initially, examinations like IIT, NIT and even university exams will be conducted by the NTA. An open web-based platform 'SWAYAM' will be launched by next month. The two thousand courses will be run for students across the country through SWAYAM.

Saturday, March 11, 2017

Banks, their taglines and Headquarters


BankTag LineEstablished on Headquarter
Allahabad BankA Tradition of Trust24 April, 1865 Kolkata
Andhra BankWhere India Banks20 November, 1923 Hyderabad
Bank of BarodaIndia's International Bank1908 Vadodara
Bank of IndiaRelationship beyond banking7 September, 1906 Mumbai
Bhartiya Mahila BankEmpowering Women2013 New Delhi
Bank of MaharashtraOne Family one bank1936 Pune
Canara BankTogether We canJuly 1906  Bangalore
Central Bank of India"Central To you Since 1911"1911 Mumbai
Corporation BankA Premier Public Sector Bank1906 Mangalore
Dena BankTrusted Family Bank26 May, 1938 Mumbai
ECGC BankYou focus on exports.30 July, 1957 Mumbai
IDBI BankWe cover the risksBanking For All, 01 July, 1964 Mumbai
Indian Bank"Aao Sochein Bada"Your Own Bank 1907 Chennai
Indian Overseas BankGood people to grow with10 February, 1937 Chennai
Punjab National BankThe name you can bank upon19 May, 1894 New Delhi
Punjab & Sind BankWhere service is a way of life1908 New Delhi
Oriental Bank of CommerceWhere every individual is committed19 February, 1943 Gurgaon
UCO BankHonours Your Trust06 January, 1943 Kolkata
Union Bank of IndiaGood People to Bank with11 November, 1919 Mumbai
United Bank of IndiaThe Bank the begins with "U"1950 Kolkata
Vijaya BankA Friend you can bank on1931 Bangalore
SBIWith you all the way, Pure Banking Nothing Else, The (Imperial Bank India) 1 July, The Banker to Every Indian 1955 (SBI)27 January, 1921 Mumbai
Axis BankBadhti ka naam Zindagi1990 (as UTI Bank) Mumbai
ICICI BankHum Ha Na, Khyal Apka1994 Mumbai
HDFC BankWe understand your world indeed1994 Mumbai
Yes BankExperience our Expertise2004 Mumbai
Kotak Mahindra BankLets make money simple1985 Mumbai
IndusInd BankWe make you feel richerApril 1994 Mumbai
Federal BankYou perfect banking partner1945 Kochi, Kerala
Jammu & Kashmir BankServing to empowerOct 1, 1938 Sri Nagar, J & K
South Indian BankExperience next generation banking1929 Thrissur City, Kerala
Karur Vysya BankSmart way to bank1916 Karur, Tamil Nadu
Bandhan BankAapka Bhala, Sabki Bhalai2014 Kolkata, West Bengal
IDFC BankBanking Hatke2014 Mumbai

GENERAL AWARENESS PRACTICE QUESTIONS FOR ALL COMPETITIVE EXAMS

1. Which city hosted the first Indian Ocean Rim Association (IORA) Leaders' Summit on March 7, 2017?
1) Singapore
2) Colombo
3) Bangkok
4) Jakarta
5) Canberra

2. Who assumed office as the new Secretary General of the South Asian Association for Regional Cooperation (SAARC) on March 1, 2017?
1) Akbar S. Ahmed
2) Amjad Hussain B. Sial
3) Ashraf Qazi
4) Javed Malik
5) Riaz Mohammad Khan

3. A mega cultural festival "India by the Nile" was started on March 8, 2017 in:
1) Jordan
2) Syria
3) Egypt
4) Israel
5) South Africa

4. Which of the following States has neither a woman Chief Minister nor a woman Governor?
1) West Bengal
2) Rajasthan
3) Jammu & Kashmir
4) Goa
5) Gujarat

5. Who won 23 gold medals, the highest in the history of Summer Olympics?
1) Usain Bolt
2) Paavo Nurmi
3) Mark Spitz
4) Carl Lewis
5) Michael Phelps

6. Renu Pall has been appointed as the Indian Ambassador to:
1) Netherlands
2) France
3) Austria
4) Belgium
5) Germany

7. Who was appointed as the Director General of Foreign Trade (DGFT) in October 2016?
1) Ajay Kumar Bhalla
2) Shakti Sinha
3) Sanjay Singh
4) M.K. Goel
5) Rajeev Sharma

8. The White Helmets was a recipient of the 2016 Right Livelihood Award. It is a volunteer civil defense organization that operates in:
1) North Korea
2) Libya
3) Japan
4) Syria
5) Serbia

9. Who won the WTA Finals Women's tennis tournament in Singapore on October 30, 2016?
1) Dominika Cibulkova
2) Angelique Kerber
3) Simona Halep
4) Madison Keys
5) Karolina Pliskova

10. Who was appointed as Director of the Enforcement Directorate (ED) in October 2016?
1) D.K. Pathak
2) Karnal Singh
3) N.K. Singh
4) O.P. Singh
5) None of these

11. Who took charge as the Chairman of the Central Board of Direct Taxes (CBDT) on November 1, 2016?
1) Sushil Chandra
2) G. Mahalingam
3) P.V. Chandran
4) Somesh Sharma
5) Ashok Pai

12. Who was crowned Miss Earth 2016?
1) Katherine Elizabeth Espin (Ecuador)
2) Michelle Gomez (Colombia)
3) Stephanie de Zorzi (Venezuela)
4) Bruna Zanardo (Brazil)
5) None of these

13. Which country has withdrawn from the Commonwealth in October 2016?
1) Pakistan
2) Nigeria
3) Maldives
4) Bahamas
5) Jamaica

14. "Goa Declaration" is related to which of the following Summits?
1) SAARC
2) ASEAN
3) IBSA
4) BRICS
5) Heart of Asia

15. The first World Tsunami Awareness Day was observed on:
1) December 25, 2016
2) November 5, 2016
3) October 25, 2016
4) September 5, 2016
5) None of these

16. The government has appointed who among the following as a member of the monetary policy committee?
1) Pami Dua
2) Chetan Ghate
3) Ravindra Dholakia
4) Both (1) and (2)
5) All (1), (2), (3)

17. Kigeli V Ndahindurwa died on October 16, 2016. He was the last ruling king of which of the following countries?
1) Lesotho
2) Kenya
3) Rwanda
4) Somalia
5) Ethiopia

18. John Gleeson, a former Test cricketer, died in October 2016. He played 29 Tests for which of the following countries?
1) England
2) South Africa
3) West Indies
4) Australia
5) New Zealand

19. Andrzej Wajda passed away in October 2016. He was a renowned film director from:
1) Bulgaria
2) Portugal
3) Poland
4) Austria
5) Slovakia

20. Lee Hsien Loong visited India in October 2016. He is the Prime Minister of which of the following countries?
1) South Korea
2) Singapore
3) Laos
4) Vietnam
5) Japan

21. Which country will host the 2019 Rugby World Cup?
1) Italy
2) England
3) Jamaica
4) Austria
5) Japan

22. The International Court of Justice rejected a suit filed by which of the following countries against
the world's nuclear powers, including India?
1) Tuvalu
2) Marshall Islands
3) Solomon Islands
4) Montenegro
5) Nauru

23. Who led the panel that has found that the Saraswati River, so far considered mythical, did exist?
1) N. P. Narvekar
2) S. Sivakumar
3) K. S. Valdiya
4) Vivek Goenka
5) None of these

24. Which of the following became the first State in India to implement Direct Benefit Transfer
(DBT) in kerosene on October 1, 2016?
1) Kerala
2) Nagaland
3) Himachal Pradesh
4) Jharkhand
5) Goa

25. Which of the following States created 21 new districts on October 11, 2016?
1) Odisha
2) Uttar Pradesh
3) Bihar
4) Tamil Nadu
5) Telangana

26. Which private bank has acquired the Bengaluru-based BSS Microfinance Pvt Ltd?
1) IDFC Bank
2) ICICI Bank
3) Kotak Mahindra Bank
4) DCB Bank
5) Axis Bank

27. Prime Minister Narendra Modi launched the National SC/ST Hub in which of the following
places to provide support to entrepreneurs from the community on October 18, 2016?
1) Ludhiana
2) Pune
3) Gandhinagar
4) Varanasi
5) Jaipur

28. Prime Minister Narendra Modi has inaugurated Koldam Hydropower Project in which of the following States?
1) Punjab
2) Haryana
3) Uttarakhand
4) Himachal Pradesh
5) Chhattisgarh

29. Which state government lunched "Kaushalya Setu", a skill development program for students in October 2016?
1) Madhya Pradesh
2) Chhattisgarh
3) Maharashtra
4) Jharkhand
5) Uttar Pradesh

30. The theme for which of the following Summits held in 2016 was "Building Responsive, Inclusive and Collective Solutions"?
1) SCO
2) ASEAN
3) BRICS
4) EAS
5) APEC

31. Prime Minister Narendra Modi inaugurated the First National Tribal Carnival on October 25, 2016 in:
1) New Delhi
2) Shillong
3) Imphal
4) Cuttack
5) Bhubaneswar

32. India defeated which of the following countries in the 2016 Kabaddi World Cup final held in Ahmedabad?
1) Pakistan
2) Iran
3) South Korea
4) Thailand
5) Nepal

33. Which country won the 2016 FIFA U-17 Women's World Cup held in Jordan?
1) Japan
2) Spain
3) North Korea
4) Nigeria
5) Venezuela

34. Zabivaka is the official mascot of the 2018 FIFAWorld Cup, which will be held in Russia. It is a?
1) Tiger
2) Lion
3) Leopard
4) Wolf
5) Dog

35. Who won the Hoogeveen International Chess tournament in October 2016?
1) Viswanathan Anand
2) Sandipan Chanda
3) M.R. Lalith Babu
4) M. Shyam Sundar
5) Abhijeet Gupta

36. Narendra Modi recently unveiled the war memorial "Shaurya Smarak" in?
1) New Delhi
2) Mumbai
3) Bhopal
4) Kolkata
5) Ranchi

37. Which country won the Asian Hockey Champions Trophy in Kuantan, Malaysia in October 2016?
1) India
2) Pakistan
3) South Korea
4) Malaysia
5) Japan

38. "RIDF" is a fund maintained by NABARD. What does the letter "R" denote in the term RIDF?
1) Railway
2) Regional
3) Renovation
4) Rural
5) None of these

39. Sprinter Srabani Nanda won the Ekalabya Award in October 2016. She belongs to which of the following states?
1) West Bengal
2) Assam
3) Odisha
4) Chattisgarh
5) None of these

40. Hopman Cup is associated with which of the following sports?
1) Chess
2) Football
3) Hockey
4) Tennis
5) Badminton

ANSWERS: 
1) 4 2) 2 3) 3 4) 5 5) 5 6) 3 7) 1 8) 4 9) 1 10) 2
11) 1 12) 1 13) 3 14) 4 15) 2 16) 5 17) 3 18) 4 19) 3 20) 2
21) 5 22) 2 23) 3 24) 4 25) 5 26) 3 27) 1 28) 4 29) 3 30) 3
31) 1 32) 2 33) 3 34) 4 35) 5 36) 3 37) 1 38) 4 39) 3 40) 4

New India Assurance Company Ltd. Recruitment of Assistants Posts

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How to Apply: Candidates apply though online mode only.

Online Registration commences: From 06.03.2017 to 29.03.2017.

Date of Tier I Examination (Preliminary): 22.04.2017 and 23.04.2017.
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BANK EXAMS GENERAL AWARENESS PRACTICE MCQs

1. Justice Girish Chandra Gupta was sworn in as the Chief Justice of which High Court?
A) Madras High Court
B) Delhi High Court
C) Guwahati High Court
D) Calcutta High Court
E) Jabalpur High Court

2. Who is appointed chairman of Insolvency and Bankruptcy Board?
A) M.S. Sahoo
B) DP Agarwal
C) Geeta Menon
D) Arun Mudghal
E) Deepak Gupta

3. Who is to be honoured with Lata Mangeshkar Award for Lifetime Achievement?
A) Hariharan
B) Rajesh Roshan
C) Uttam Singh
D) Anuradha Paudwal
E) None

4. Who was conferred France's prestigious Chevalier dans I'Ordre des Arts et des Lettres (Knight of the Order of Arts and Letters) award?
A) Sheikh Ahmad Muhammad El-Tayeb
B) Salman bin Abdul-Aziz Al-Saud
C) Ayatollah Ali Khamenei
D) Sajid Nadiadwala
E) Sheikh Mohammed bin Zayed Al Nahyan

5. Which life Insurance has launched a 'cancer shield plan' for protection against any possible risk?
A) LIC
B) ICICI Lombard Health Insurance
C) Birla Sun Life Insurance
D) Reliane Life Insurance
E) None

6. Karur Vysya Bank ties up with which of the following bank to strengthen its lending to smaller enterprises?
A) Small Finance Bank
B) Indian Post Payment Bank
C) Yes Bank
D) Indian Bank
E) None

7. Which ministry has appointed ICICI Prudential Asset Management Company Ltd as the asset management company for the creation and launch of a new Exchange Traded Fund (ETF)?
A) Ministry of finance
B) Labour ministry
C) Commerce ministry
D) Cabinet ministry
E) None

8. Which bank approved a loan of $631 million for building India's first coastal industrial corridor between Visakhapatnam and Chennai?
A) Asian Infrastructure Development Bank
B) Asian Development Bank
C) World Bank
D) New Development Bank
E) None

9. 'Shanti ki Talaash mein Zindagi' book was written by...
A) Vikram Seth
B) Jhumpa Lahiri
C) Aravind Adiga
D) Radhika Nagrath
E) Upamanyu Chatterjee

10. Max Walker, who recently passes away, belongs to which country?
A) Australia
B) England
C) South Africa
D) New Zealand
E) West Indies

11. Rays Power Infra launches 100 MW solar project in which state?
A) Uttarakhand
B) Kerala
C) Himachal Pradesh
D) Assam
E) Tripura

12. Messaging app ALLO was launched by .......
A) Microsoft
B) Oracle
C) BME
D) Google
E) Apple

13. BEL to set up night vision products unit in....
A) Uttarakhand
B) Kerala
C) Himachal Pradesh
D) Andhra Pradesh
E) Tripura

14. Which company investments in online food delivery startup Swiggy?
A) Tata arm
B) Amazon
C) Flipkart
D) Swift arsire
E) Rcom

15. Which of the following country has ratified the multilateral convention on administrative assistance in taxation matters?
A) Afghanistan
B) Malaysia
C) New Zealand
D) Switzerland
E) Philippines

16. Name the typhoon which makes landfall in Taiwan is........
A) Megi
B) Meranti
C) Nida
D) Hudood
E) Rauma

17. Vice President Hamid Ansari to address National Assembly of which of the following country?
A) France
B) Tajikistan
C) Kenya
D) China
E) Mali

18. The Ksheer Tester belongs to which of the following ministry?
A) Ministry of Law & Justice, Electronics & Information Technology
B) Ministry of Statistics & Programme Implementation
C) Ministry of Consumer Affairs, Food and Public Distribution
D) Ministry of Science & Technology and Earth Sciences
E) None of the above

19. Mission Parivar Vikas comes under which of the following ministry?
A) Ministry of Urban Development, Housing and Urban Poverty Alleviation, Information & Broadcasting
B) Ministry of Statistics & Programme Implementation
C) Ministry of Water Resources, River Development and Ganga Rejuvenation
D) Ministry of Women and Child Development
E) Ministry of Health and Family Welfare

20. PM approves constitution of how many committees for commemoration of birth centenary of Pandit Deendayal Upadhyay?
A) 3
B) 2
C) 4
D) 5
E) 1

21. Centre released ......... cr for Building Toilets along Ganga.
A) 325
B) 345
C) 315
D) 335
E) 215

22. National Mission on Bioeconomy was launched in Shillong by the Institute of Bioresources and Sustainable Development (IBSD) under which of the following Ministry?
A) Ministry of Finance
B) Ministry of Chemicals and Fertilizers
C) Ministry of Science and Technology
D) Ministry of Bioscience
E) None of the above

23. 'Param-Ishan' supercomputing facility has launched by Union Government in which IIT college recently?
A) IIT Guwahati
B) IIT Madras
C) IIT Indore
D) IIT Delhi
E) IIT Bombay

24. Who inaugurated Punjab 100 - acre mega Food Park at Ludhiana?
A) Ravi Shankar Prasad
B) Sadananda Gowda
C) Narendra Singh Tomar
D) Kalraj Mishra
E) Harsimrat Kaur Badal

25. Which of the following person who has been taken charge as Executive Director in Union Bank of India?
A) Arun Tiwari
B) Vinod Kathuria
C) Raj Kamal Verma
D) Atul Kumar Goel
E) None

26. Recently which of the following metro railway station was renamed as Lok Kalyan Marg Metro station?
A) East Course Metro Station
B) Race Course Metro Station
C) North course metro Station
D) MG Metro Station
E) None

27. Name the Polar Satellite Launch Vehicle carrying three satellites from India, three from Algeria and one each from Canada and the US from Sriharikota in Andhra Pradesh?
A) C35
B) C36
C) C33
D) C38
E) C34

28. Virat Kohli appointed as the brand ambassador of which of the following bank?
A) Punjab National Bank
B) Indian Overseas Bank
C) Bank of Maharashtra
D) Bank of Baroda
E) None of the above

29. In which country, the world's first child with genes from three people was born?
A) Mexico
B) China
C) USA
D) South Africa
E) Russia

30. North East Connectivity Summit kicks-off in which of the following state?
A) Meghalaya
B) Manipur
C) Arunachal Pradesh
D) Assam
E) Tripura

31. Global Innovation Conference 2017 will be held in which of the following country?
A) Cyprus
B) Denmark
C) Singapore
D) Turkey
E) South Africa

32. What is the theme of 2016 World Tourism Day?
A) Tourism For All - Promoting Universal Accessibility
B) One Billion Tourists, One Billion Opportunities
C) Tourism And Community Development
D) Tourism And Water: Protecting Our Common Future
E) Needs Tourism For All

33. India marked their historic 500th Test over New Zealand in which stadium?
A) Maracana Stadium
B) Green Park Stadium
C) North Harber Stadium
D) Eden Garden Stadium
E) Feroz Shah Kotla Stadium

34. Who won the doubles title of the Pan Pacific Open title in Tokyo?
A) Martina Hingis & Barbora Strycova
B) Sania Mirza & Martina Hingis
C) T. Bacsinszky & M. Hingis
D) Zhaoxuan Yang & Chen Liang
E) Sania Mirza & Barbora Strycova

35. Which country won Under-18 hockey Asia Cup?
A) India
B) Bangladesh
C) Pakisthan
D) Nepal
E) Bhutan

36. Apollo Hospitals and KOS Group of Italy announced the opening of an exclusive rehabilitation centre for post-operation care to patients in which city?
A) Vijayawada
B) Tirupati
C) Hyderabad
D) Visakhapatnam
E) Warangal

37. Which of the following state get new postal circle?
A) Telangana
B) Andhra Pradesh
C) Madhya Pradesh
D) Uttar Pradesh
E) Arunachal Pradesh

38. Which of the following Indian state registers highest unemployment rate in 2015-16?
A) Assam
B) Tripura
C) Telangana
D) Tamil Nadu
E) Sikkim

39. Which of the following city is the wealthiest city in India?
A) Chennai
B) Kochin
C) Mumbai
D) Delhi
E) Hyderabad

40. Name the Indian city, which has the most polluted city in India by WHO?
A) Chennai
B) Mumbai
C) Hyderabad
D) Gwalior
E) Delhi

41. Increase in population during 2001- 11...
A) 172 millions
B) 181 millions
C) 176 millions
D) 193 millions
E) None

42. Which airport was earlier known as Palam International airport?
A) Dr. Babasaheb Ambedkar International Airport.
B) Lal Bahadur Shastri International Airport.
C) Netaji Subhash Chandra Bose International Airport.
D) Indira Gandhi International Airport.
E) Rajiv Gandhi International Airport.

43. India's First Satellite Launch station built at-
A) Thumba
B) Srihari kota
C) Balasore
D) Ahmedabad
E) Chennai

ANSWERS:
1-D, 2-A, 3-C, 4-D, 5-C, 6-A, 7-A, 8-B, 9-D, 10-A
11-A, 12-D, 13-D, 14-B, 15-D, 16-A, 17-E, 18-D, 19-E, 20-B
21-C, 22-C, 23-A, 24-E, 25-D, 26-B, 27-C, 28-A. 29-A, 30-E
31-D, 32-A, 33-B, 34-E, 35-A, 36-C, 37-A, 38-B, 39-C, 40-D, 41-B, 42-D, 43-A.