Who will be head of the newly constituted task force of RBI on Public Credit Registry (PCR)?
Correct Answer: A [M Deosthalee]
Answer Explanation:
The Reserve Bank of India (RBI) has formed a 10-member task force on
Public Credit Registry (PCR) for India to improve market efficiency. The
task force will be headed by M Deosthalee, former chairman of L&T
Finance Holdings. The terms of reference of the task force include,
reviewing the current availability of information on credit in the
country, assessing gaps in India that could be filled by a comprehensive
public credit registry and suggesting a “roadmap including the priority
areas, for developing a transparent, comprehensive and near-real-time”
public credit registry for India. The task force will also study the
best international practices on public credit registry and will decide
the structure of the new information system. It will submit its report
by April 4, 2018.
Who has been appointed as the new MD & CEO of India Post Payments Bank (IPPB)?
Correct Answer: B [Suresh Sethi]
Answer Explanation:
Suresh Sethi, the former MD of Vodafone M-Pesa Ltd., has been
appointed as the new Managing Director & Chief Executive Officer (MD
& CEO) of India Post Payments Bank (IPPB). He succeeded A.P. Singh,
who had been the interim MD & CEO of IPPB since January 2017. Sethi
has broad international experience of over 27 years in the banking and
financial services industry with Citigroup and YES Bank, across India,
Kenya, the UK, Argentina and the US.
Which Indian bank has recently signed MoU with Escorts for tractor financing?
Correct Answer: C [State Bank of India]
Answer Explanation:
The State Bank of India (SBI) has recently signed an agreement with
Escorts Ltd to finance farmers for purchase of Escorts tractors. The aim
of the tie-up with Escorts is to promote, market and make accessible,
organised finance facility, with superior features, at competitive
interest rates to farmers across the country, who wish to purchase
Powertrac and Farmtrac tractors manufactured by Escorts. Escorts is a
leading tractor and construction equipment manufacturer at Faridabad in
Haryana.
Irruppam Veedu Sasidaran, who passed away recently, was the legendary personality of which field?
Correct Answer: D [Film Industry]
Answer Explanation:
Irruppam Veedu Sasidaran (also known as I V Sasi) (69), the legendary
filmmaker, has passed away at Saligramam, Chennai, on October 24, 2017.
He was best known for his films “Avalude Ravukal” and “Devasuram”. In
his more than three-decade career, Sasi directed over 150 films in
Malayalam, Tamil, Telugu and Hindi and worked with stars such as
Mohanlal, Mammootty, Kamal Haasan and Rajinikanth.
EEPC India has signed pact with which Indian bank for export finance?
Correct Answer: A [Punjab National Bank ]
Answer Explanation:
The Engineering Export Promotion Council (EEPC) of India has signed a
memorandum of understanding (MoU) with Punjab National Bank (PNB) to
provide easy access to export finance for SMEs and merchant exporters of
the council. The PNB will provide finance with assurance that loans up
to Rs 10 crore would be provided within six to seven weeks at
competitive rates. As per the agreement, PNB would also extend foreign
currency loan facilities and provide advisory support to EEPC India
members to finance projects through its more than 200 authorised foreign
exchange branches. Besides, engineering exporters would be given a
‘Gold card’ under which additional benefits like quicker sanction and
disbursal of loan will be extended. The gold card facilities would be
extended to the exporters with internal credit rating of B1 and above
and those outside the RBI caution list.
Gaur Kishore Ganguli, the noted freedom fighter passed away. He hailed from which state?
Correct Answer: C [West Bengal]
Answer Explanation:
Freedom fighter and lawyer Gaur Kishore Ganguli (96) has passed away
in his native village in Purulia in West Bengal. Born on October 21,
1923 in Purulia in West Bengal Ganguli was influenced by his father
Sasodhar Ganguli, a freedom fighter. He joined the Quit India movement
in 1942 when he was 19 years old and a student of Ranchi College. He
served a two-and-half-year long jail term along with his father in the
prisons of Ranchi, Hazaribagh and Patna. He began practising in Dhanbad
district court after the reorganization of states in 1956 and was a
member of the bar association.
Which Indian state has topped in digital initiatives, as per recent report by Coeus Age Consulting?
Correct Answer: B [Madhya Pradesh]
Answer Explanation:
As per report by Coeus Age Consulting, Madhya Pradesh has emerged as
the top state in terms of digital initiatives undertaken, with a maximum
score of 100.1 on performance index, followed by Maharashtra at 99.9
and Andhra Pradesh at 99.8. The assessment by the knowledge domain
service provider was done using a scoring framework made up of two key
constructs, Policy and Infrastructure Readiness (PIR) Score and Mission
Mode Projects’ Performance (MMP) Score for each state. Chhattisgarh
(97.4) and Karnataka (95.3) occupied the fourth and fifth positions in
the list, respectively, the company said in a release. The report is
based on a comparative assessment of digital initiatives by 36 states
and Union Territories. The assessment is based on 109 key performance
indicators related to policy, infrastructure and mission mode projects.
RBI will make LEI compulsory for companies with over Rs 5 crore exposure. What does ‘LEI’ stands for?
Correct Answer: C [Legal Entity Identifier]
Answer Explanation:
The Reserve Bank of India (RBI) will soon make Legal Entity
Identifier (LEI) compulsory for companies having aggregate fund-based
and non-fund based exposure over Rs 5 crore. Before this, RBI made LEI
mandatory for transactions in interest rate, forex and credit derivative
market. LEI is a unique 20 digit alphanumeric code that will be
assigned to corporate borrowers. Banks will be required to capture this
number in the Central Repository of Information on Large Credits (CRILC)
database that captures details of loan above Rs 5 crore. LEI mechanism
will help banks to effectively monitor debt exposure of corporate
borrowers. It would also enable banks in preventing multiple loans to
companies against the same collateral.
The Topchanchi Wildlife Sanctuary (TWS) is located in which state?
Correct Answer: D [Jharkhand ]
Answer Explanation:
The Topchanchi Wildlife Sanctuary (TWS) is located in Dhanbad
district of Jharkhand and covers an area of 8.75 Sq. Km. It is home to
Leopard, Jungle Cat, Cheetal, Barking Deer, Wild Boar, Mongoose, Langur,
Jackal, Fox, Wild Dog, etc. The Topchanchi Lake increases the richness
of the habitat and is visited by migratory winter birds such as
pochards, red crested pochards and coots. The forests here are of Dry
Mixed Deciduous type with Dry Peninsular Sal in Baneshpur and Bawardaha,
the other tree species being Asan, Bijasal, Dhow, Semal, Kendu, Piar,
Karam, Siris, Sidha etc. The grassland and bamboo crops are also
present.
The Government of India (GoI) has constituted a Commission under which article of the Constitution to examine sub-categorization of OBCs in the central list?
Correct Answer: C [Article 340]
Answer Explanation:
The President of India Ram Nath Kovind has constituted a Commission
under Article 340 of the Constitution to examine Sub-categorization of
Other Backward Classes (OBCs) in the central list. The four-member
Commission headed by Justice G. Rohini will submit its report to the
President within 12 weeks. The commission has commenced functioning on
11th October 2017, from its office at Vigyan Bhawan in New Delhi. The
sub categorization of the OBCs will ensure that the more backward among
the OBC communities can also access the benefits of reservation for
educational institutions and government jobs. On receipt of the report,
the Central Government will consider ways and means for equitable
distribution of the benefits of the reservation in Central Government
jobs and admission in Central Government Institutions amongst all strata
of the OBC.
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