Banking & Financial Awareness
1. Which private sector bank partnered with fintech startup “Affordplan” to launch ‘Swasth Card’, a co-branded healthcare card, under Swasth program _______Yes Bank.
➢ Yes Bank’s wallet has also been integrated on Affordplan Swasth to enable wallet QR scan for making payments to merchant partners empanelled on the Affordplan Swasth app.
➢ Equipped with a chip-enabled card, digital wallet, goal-based savings, loans, and insurance, Swasth program extends access to a family seeking curative as well as preventive care.
2. Which public sector bank has four insurance companies to offer various insurance products for its customers ________UCO Bank.
➢ UCO Bank partnered with SBI Life Insurance Company, the Oriental Insurance Company and Religare Health Insurance Company, Star Health and Allied Insurance Company.
➢ After this collaboration with 4 insurance firm, the total number of insurance company partnered with UCO bank increases to 6 from 2 insurance company.
3. According to India Ratings and Research (Ind-Ra), India’s Gross domestic Product (GDP) in FY 20-21 is likely to shrink by _______5.3%.
➢ For FY21-22, it is expected that GDP growth would bounce back in the range of 5-6%.
➢ This will be the lowest GDP growth in the Indian history (Indian GDP data is available from FY51) and sixth instance of economic contraction, others being in FY58, FY66, FY67, FY73 and FY80; the previous low was negative 5.2% in FY80.
4. As per the Moody’s Investors Service in its Global Macro Outlook 2020-21 projected the Indian economy to shrink by what per cent in the fiscal year 2020 ________3.1%.
➢ It also forecasts Indian economy to register 6.9% growth in fiscal year 2021.
➢ Global Macro Outlook also indicated that China would be the only G-20 country to record growth of 1% in fiscal year 2020 and expects it to grow at 7.1% in fiscal year 2021.
➢ Moody’s also forecasted the growth of G-20 economies and expects it to contract by 4.6% in fiscal year 2020 followed by 5.2% growth in 2021.
5. Which bank has launched a new product ‘KBL Micro Mitra’ for Micro, Small and Medium Enterprises (MSMEs) _________ Karnataka Bank.
➢ This product will provide financial assistance up to Rs 10 lakhs to the Micro manufacturing and service enterprises for working capital or for investment purposes.
➢ The facility has simplified procedure and competitive rate of interest.
➢ The product will be available across all branches of the bank & will be soon available in digital version.
6. For which bank the Reserve Bank of India has extended a special liquidity window for Rs 50,000 crores _______Yes Bank.
➢ The RBI has made the emergency credit line of nearly Rs 600 billion available when the bank was under a moratorium that restricted deposit withdrawals at 50,000 rupees.
➢ The capital infusion will help Yes Bank diversify its ownership, meet the regulatory requirement and fund its growth.
7. As per the new Purchasing Power Parities (PPPs) released by the World Bank what is India’s global position as an economy in terms of PPPs ________3rd.
➢ The ICP 2017 results, revised results for 2011 and estimates of annual PPPs for the period 2012-2016 are available on the ICP website and the World Bank’s Databank and Data Catalog.
➢ In 2017, India retained and consolidated its global position, as the third largest economy and accounted for 6.7% of global GDP in terms of PPPs.
➢ China was at first position with 16.4% and the USA at the second position with 16.3%.
8. As per the data released by the United States (US) Treasury Department what is India’s position as a holder of US government securities ________12th.
➢ Notably, the holding touched a record high of $177.5 billion in February, 2020 which was drastically reduced in March.
➢ The country with maximum exposure to US government securities is Japan at US$1.266 trillion followed by China and the United Kingdom (UK) at the second and third positions, respectively at the end of April 2020.
9. The International Monetary Fund (IMF) steeply slashed India’s growth outlook for the current fiscal year to _______-4.5 percent.
➢ The International Monetary Fund (IMF) steeply slashed India’s growth outlook for the current fiscal year to a minus 4.5 per cent from 1.9 expansion estimated in April owing to an extended Covid-19 lockdown and slower economic revival. This will be the lowest in several decades.
➢ As per the IMF WEO, in 2021 global growth is projected at 5.4 per cent, which will be about 6.5 percentage points lower than the pre-Covid projections of January 2020.
10. What amount has been approved by the World Bank to improve the learning outcome and governance of government schools in six Indian states under STARS Programme ________ USD 500 million.
➢ The project, Strengthening Teaching-Learning and Results for States Program (STARS ), will be implemented through the Samagra Shiksha Abhiyan, the flagship central scheme, in Himachal Pradesh, Kerala, Madhya Pradesh, Maharashtra, Odisha and Rajasthan.
➢ STARS will help improve the learning assessment systems, strengthen classroom instruction, and remediation, facilitate school-to-work transition, and strengthen governance and decentralized management
11. What will be the minimum amount can be invest in the newly launched Floating Rate Savings Bonds, 2020 (Taxable) Scheme ________ Rs 1000.
➢ The Floating Rate Savings Bonds 2020 (FRSB Bonds) will have a tenure of 7 years and the interest rate will keep varying during the tenure of the scheme.
➢ Currently, the rate of interest has been set at 7.15 per cent per annum payable half-yearly.
12. What will be the tenure of the Floating Rate Savings Bonds 2020 (FRSB Bonds) launched by the Government of India in of 7.75% Savings (Taxable) Bonds, 2018 _________7 years.
➢ Currently, the rate of interest has been set at 7.15 per cent per annum payable half-yearly.
➢ The minimum investment amount is Rs 1000, while there will be no maximum limit for investments made in the Bonds. The maximum investment in cash can be made up to Rs 20,000.
13. Which bank has launched a digital wallet solution(app)‘Yuva Pay’ in partnership with UDMA Technologies Pvt Ltd to enable contactless payments for its customers _________Yes Bank.
➢ The wallet is issued under minimum Know Your Client (KYC) regulations.
➢ The solution aims to help the low income group to access the digital and contactless transactions, which will enable broad access to secure electronic payment services.
14. PhonePe has partnered with which bank on the Unified Payments Interface (UPI) multi-bank model to provide its users the option to create and use multiple UPI IDs ________ ICICI Bank.
➢ Through this partnership, Phonepe giving its users the option to create and use multiple UPI IDs with ICICI and Yes Bank”s handles on the PhonePe app.
➢ The PhonePe customers will now be able to choose between multiple handles for their UPI IDs, thus making payments easy, secure and accessible to all.
15. Business to Business (B2B) digital platform for Micro, Small and Medium Enterprises (MSMEs) has partnered with which bank to Launch Credit Card for MSMEs _______ Standard Chartered Bank.
➢ SOLV MSME Credit Card provides MSME clients with a ready means to meet ongoing business expenses including supplier payments, fuel, logistics, purchase of raw material, utility payments and working capital outlays.
➢ SOLV is registered as Standard Chartered Research & Technology India Pvt. Ltd.
➢ It is a fully-owned entity of the London-headquartered Standard Chartered Group.
16. Which Bank has approved $500 million to build road connectivity along the Jashore-Jhenaidah corridor directly connecting Dhaka in Bangladesh with India and Bhutan _________ World Bank.
➢ It will also support the Bangladesh government’s plan of developing a 260 km economic corridor in the western part and benefitting over 20 million masses.
➢ The Western Economic Corridor and the Regional Enhancement (WeCARE) Phase I project is the first of a multiphased $1.4 billion World Bank program to upgrade the existing 110 km two-lane highway, Bhomra-SatkhiraNavaron and Jashore-Jhenaidah, to a safer and climate-resilient four-lane highway in western Bangladesh.
17. The Government of India has signed an agreement with World Bank to provide affordable housing to the urban poor of which state _________ Tamil Nadu.
➢ The agreement signed has two projects under it- (i) Tamil Nadu Housing Sector Strengthening Program and (ii) Tamil Nadu Housing and Habitat Development Project.
➢ The loans for both the project are from the lending arm of the World Bank Group the International Bank for Reconstruction and Development (IBRD).
1. Renowned personality Lachhman Singh Lehl passed away recently, he was a veteran _______ Army Man.
➢ Lachhman Singh Lehl took part within the 1948 war in Jhangar area of Jammu and Kashmir as a captain and commanded a division within the 1971 war.
➢ He received the Vir Chakra, the third highest gallantry award in India for his role as a forward observer within the 50 Para Brigade.
2. Famous sportsperson Rajinder Goel passed away recently he was associated with which sports ________ Cricket.
➢ He made his ranji debut in 1957-58 and began his first class careen with Patiala (southern Punjab team)
➢ He represented Delhi from 1963 and in 1973 he moved to Haryana
3. Famous sportsperson K Raghunath passed away recently, he was associated with which sports __________ Basketball.
➢ Raghunath represented Indian All-Star team which toured Sri Lanka in 1962.
➢ He played for Karnataka with distinction in 1960s
➢ He was one of the founding members of the still-popular Beagles Basketball Club. Raghunath’s tryst with basketball began in 1958.
4. Famous sportsperson Pournima Zanane passed away recently, she was associated with which sports _________ Shooting.
➢ She started as a shooter in Mumbai and represented India in numerous ISSF World Cups, Asian Championships, Commonwealth Championships.
➢ She holds a national record in the 10 m air rifle event.
➢ She started coaching shooters in 2012 and she was the coach of the shooters team of Sri Lanka.
5. Renowned personality Vishwa Bandhu Gupta passed away recently, he was a veteran ________ Journalist.
➢ He was the chairman and chief editor of the Tej-Bandhu group of publications, The Weekly Sun, The North-East Sun, Treasure monthly and Flash newspaper.
➢ He was the President of All India Newspaper Editors Conference(AINEC) and one of the founding members of the Press Club of India(PCI).
6. Noted novelist Geetha Nagabhushan passed away recently, she used to write in which language ________ Kannada.
➢ She was the first woman writer to bag Kendra Sahitya Academy and Nadoja awards and serve as the chairperson of Karnataka Sahitya Academy.
➢ She had presided over 76th Akhil Bharat Kannada Sahitya Sammelan, a prestigious literary fest, held at Gadag in 2020.
1. The United Nations Public Service Day is observed globally every year on which date _________23rd June.
➢ This day is widely known by various public service organisations and departments around the world by organising several events to recognise the role of public servants in making developments and improvements in the community.
➢ On 20 December 2002, the United Nations General Assembly designated 23 June per annum to watch as United Nations Public Service Day.
2. The International Widows Day is observed globally every year on ______ 23rd June.
➢ The day is widely known to draw attention to the voices and experiences of widows and to galvanize the unique support that they have.
➢ Several women around the world after losing her life partner faces challenges and do long-term struggle for basic needs, their human right and dignity.
3. What is the theme of Day of the Seafarer, 2020 celebrated every year on 25th June _______ Seafarers are Key Workers.
➢ The Day of the Seafarer was first celebrated in 2011, following its establishment by a resolution adopted by the Conference of Parties to the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers (STCW), 1978, held in Manila, Philippines, in 2010.
➢ The Day of the Seafarer has now been included in the annual list of United Nations Observances.
4. What is the theme of the International Day against Drug Abuse and Illicit Trafficking 2020 observed every year globally on 26th June ________ Better Knowledge for Better Care.
➢ For countering the impact that drug has on our societies, it is important that cross border cooperation increases among countries across the globe.
➢ This will help in restricting the negative effects of many kinds of misinformation that has caused challenges for the authorities involved in addressing the drug problem.
5. International Day in Support of Victims of Torture is observed every year on which date ________26th June.
➢ This day is observed by the United Nations to raise awareness among the people about the human torture that it is not only unacceptable but it is also a crime.
➢ It’s to be remembered that pain or suffering caused by legal penalty isn’t considered as torture. On 26 June 1998, the primary International Day in Support of Victims of Torture was held.
6. National Statistics Day 2020’ celebrated every year on ________ 29th June.
➢ The National Statistics Day to commemorate the birth anniversary of PC Mahalanobis, often referred to as the 'father of Indian statistics.
➢ On June 29, 2006, the first Statistics Day was observed.
➢ "Good Health and Well Being and Gender Equality", is the theme for National Statistics Day 2020.
7. The UN’s International Day of Parliamentarism is observed globally every year on which date _______30th June.
➢ It is also a chance for parliaments to spot challenges and stock ways to deal with them effectively.
➢ The Day was established in 2018 through a United Nations General Assembly Resolution.
➢ This day also acknowledges the formation of the Inter-Parliamentary Union, the global organization of parliaments which was established in 1889.
8. International Asteroid Day is observed globally every year on ______ 30th June.
➢ The day is widely known to raise public awareness about the asteroid impact hazard and to tell the public about the crisis communication actions to be taken at the worldwide level just in case of a credible near-Earth object threat.
➢ Several events are organised everywhere in the world to teach people about asteroids.
1. Who has appointed as new as the Chief Executive Officer of the Professional Risk Managers’ International Association (PRMIA) of its new India office _______ Nirakar Pradhan.
➢ Pradhan has led teams at State Bank of India and Generali Group in India and Europe.
➢ PRMIA is a non-profit led by top professionals dedicated to promoting best practices in risk management.
2. Who has been re-nominated as a Part-Time Non-Official Director on RBI Central board for 2 years ________ Natarajan Chandrasekaran.
➢ The government had 1st nominated him as the Director on RBI Central board for 4 years from March 4, 2016.
➢ The Natarajan Chandrasekaran joined Tata Consultancy Services (TCS) in 1987, he became its Chief Executive Officer from 2009-17 , prior to which he was Chief Operating Officer (COO) and executive director of TCS.
3. Who has been appointed as head coach of the Uttarakhand Ranji team for the upcoming season _______ Wasim Jaffer.
➢ The highest run-getter in Ranji Trophy, Jaffer had announced retirement in March this year after playing for over two decades, primarily for domestic giants Mumbai and Vidarbha.
➢ This will be his first stint as a head coach with a team.
4. Who has been appointed as the chairman of the Indian Financial Technology & Allied Services (IFTAS) _______ T Rabi Sankar.
➢ IFTAS is a wholly-owned subsidiary of Reserve Bank of India.
➢ T Rabi Sankar, currently serving as Executive Director, Reserve Bank of India for Payment Systems, Information Technology, Risk Management and Fintech has taken over concurrent charge, ex officio, as the Chairman of IFTAS.
5. Who has been named as the first female president of the Marylebone Cricket Club (MCC) in its 233 year-old history ________ Clare Connor.
➢ Connor is the current England and Wales Cricket Board’s managing director of women’s cricket. The 43-year-old will take up the post on 1 October, 2021.
➢ Current president, former Sri Lanka captain Kumar Sangakkara, has been offered to stay in the role for a second tenure in the wake of the coronavirus pandemic.
6. IAS Vini Mahajan becomes 1st woman chief secretary of which state _________ Punjab.
➢ She will replace Karan Avtar Singh, who has now been posted as Special Chief Secretary, Governance Reforms and Public Grievances.
➢ While Karan Avtar Singh was set to retire on August 31, Mahajan has succeeded him two months prior to that.
7. Micheal Martin has been elected as new Prime Minister of which country ______Ireland.
➢ There are altogether 160 seats within the current lower house of Irish parliament with one seat getting to the speaker of the house who wasn’t involved within the vote.
➢ Micheal Martin has won the election by receiving 93 votes in favour, 63 votes against and 3 votes in abstention. He has been the leader of the Fianna Fáil party since 2011.
8. UP Governor, Anandiben Patel has taken additional charges as the governor of which state _______Madhya Pradesh.
➢ Lal Ji Tandon, the Governor of Madhya Pradesh has been under treatment at a private hospital in Lucknow since 11th June 2020. Ms. Patel served as Governor of Madhya Pradesh before Mr. Tandon took over last year.
9. Lazarus Chakwera was elected as the new President of which country after the annulment of the results of the 2019 Presidential Elections following evidence of irregularities ________Mali.
➢ Lazarus Chakwera was elected as the new President of Malawi after winning 2,604,043 votes, which is 59.34 percent of the total valid votes. 2019 Presidential Election winner Peter Mutharika secured 39.92 percent of the total valid votes in the 2020 Presidential Elections.