16 th July, 2018 Current Affairs Questions for Bank (IBPS Clerk, IBPS PO, RBI Grade-B, SBI Clerk & SBI PO) and Railways Exams

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2 16 th July, 2018 Current Affairs Questions for Bank (IBPS Clerk, IBPS PO, RBI Grade-B, SBI Clerk & SBI PO) and Railways Exams June GA Quiz 16 Directions: Study the following questions carefully and answer the questions given below. 1. Which one of the following has recently made it compulsory to incorporate purchaser s name on the face of payment instrumentalities like demand draft, pay order, banker s cheques and other instruments to prevent money laundering? A. SEBI B. IRDA C. RBI D. Finance Ministry E. None of these 2. Who among the following headed the committee that has suggested a live auction mechanism to help banks free up security receipts worth Rs 90,000 crore in their investment books that can used to revive credit growth? A. Mahesh Kumar Jain B. Urijit Patel C. Sunil Mehta D. P S Jayakumar E. None of these 3. Kalpesh Yagnik passed away recently. He belongs to which profession? A. Actor B. Singer C. Writer D. Journalist E. None of these 4. Which of the following countries has recently become Regional Head of Asia Pacific Region in WCO? A. Australia B. USA C. Chennai D. India E. None of these

3 5. Indian gymnast Dipa Karmakar is likely to be named as brand ambassador of which of the following states? A. Tripura B. Odisha C. Bihar D. Sikkim E. None of these 6. Who among the following has recently head of MCA Constitutes 10- Member Committee? A. Akhilesh Nigam B. V. Ramakrishnan C. Injeti Srinivas D. Sachin Dhiraj Gala E. None of these 7. Haryana Governor Kaptan Singh Solanki has recently been given the additional charge of which of the following states? A. Madhya Pradesh B. Himachal Pradesh C. Kerala D. Rajasthan E. None of these 8. Which of the following cities hosted the 4th National Conclave on Mines & Minerals? A. Bhopal B. Indore C. Pune D. Ranchi E. None of these 9. Which of the following states has recently been ranked world s 9th most costliest office location? A. Andhra Pradesh B. Rajasthan C. Bihar D. Delhi E. None of these 10. Who among the following has recently won the women s singles title of 2018 Wimbledon? A. Serena Williams B. Angelique Kerber C. J. Ostapenko D. Simona Halep E. None of these

4 Correct Answers: C C D D A C B B D B Explanations: 1. Who: Reserve Bank of India What: makes it compulsory to incorporate purchaser s name on the face of payment instrumentalities to prevent money laundering When: published on 13th July 2018 In order to address the concerns arising out of the anonymity and to prevent money laundering, the Reserve Bank has now made it compulsory to incorporate the purchaser s name on the face of demand draft, pay order, banker s cheques and other instruments. The RBI issued a notification in Mumbai yesterday to this effect to the banks. This directive will come into effect from 15th of September this year Who: Sunil Mehta What: headed the committee that has suggested a live auction mechanism to help banks free up security receipts worth Rs 90,000 crore in their investment books that can used to revive credit growth

5 When: published on 13th July 2018 The committee on bad-loan resolution led by Punjab National Bank chairman Sunil Mehta has suggested a live auction mechanism to help banks free up security receipts worth Rs 90,000 crore in their investment books that can used to revive credit growth. ET has reviewed a copy of the recommendations that seek to achieve this through an asset trading platform (ATP) recommended under Project Sashakt, the broad contours of which had been announced on July 2. The above details weren t made public at the time. proposes-auction-of-npa-security-receipts-worth-rs crore/articleshow/ cms 3. Who: Veteran Journalist Kalpesh Yagnik What: passed away When: published on 14th July 2018 Madhya Pradesh Police said veteran journalist Kalpesh Yagnik did not die of a heart attack as reported earlier but lost his life after he fell from the terrace of a building in Indore. The 55-year-old Dainik Bhaskar Group Editor passed away early on Friday. Director General of Police Narayan Chari Mishra told IANS: "Yagnik died after falling from the terrace of a three storeyed building. Police has launched an investigation into the incident."

6 4. Who: India What: has become Regional Head of Asia Pacific Region in WCO When: published on 15th July 2018 India has become the vice-chair (regional head) of the Asia Pacific region of the World Customs Organisation (WCO) for a period of two years till June 2020, the finance ministry. The organisation has divided its membership into six regions. Each of the regions is represented by an elected vice-chairperson to the WCO council Who: Indian gymnast Dipa Karmakar What: is likely to be named as brand ambassador of Tripura When: published on 12th July 2018 Ace Indian gymnast Dipa Karmakar, who bagged the gold medal in the women's vault event at the Artistic Gymnastics World Challenge Cup in Mersin in Turkey, is likely to become the brand ambassador of Tripura.

7 Reflecting on the same, Tripura's Sports and Youth Affairs Minister, Manoj Kanti Deb said that the gymnast has brightened the name of the state and that the government is looking forward to make her the brand ambassador of the state Who: Mr Injeti Srinivas What: has head of MCA Constitutes 10-Member Committee When: published on 15th July 2018 The Ministry of Corporate Affairs (MCA) has constituted a 10 Member Committee, headed by the Secretary of Ministry of Corporate Affairs, for review of the penal provisions in the Companies Act, 2013 may be setup to examine de-criminalisation of certain offences. The MCA seeks to review offences under the Companies Act, 2013 as some of the offences may be required to be decriminalised and handled in an in-house mechanism, where a penalty could be levied in instances of default. This would also allow the trial courts to pay more attention on offences of serious nature. Consequently, it has been decided that the existing compoundable offences in the Companies Act viz. offences punishable with fine only or punishable with fine or imprisonment or both may be examined and a decision may be taken as to whether any of such offences may be considered as civil wrongs or defaults where a penalty by an adjudicating officer may be imposed in the first place and only consequent to further non-compliance of the order of such authority will it be categorised as an offence triable by a special court.

8 7. Who: Haryana Governor Kaptan Singh Solanki What: has been given the additional charge of Himachal Pradesh When: published on 13th July 2018 Haryana Governor Kaptan Singh Solanki on Friday was given the additional charge of Himachal Pradesh by President Ram Nath Kovind. Solanki would discharge "the functions of the Governor of Himachal Pradesh, in addition to his own duties" during the absence of Himachal Governor Acharya Devvrat, who is on leave, an official communique said Who: Indore What: hosted the 4th National Conclave on Mines & Minerals When: published on 10th July 2018 The 4th National Conclave on Mines & Minerals will be held on 13th July, 2018 at Indore for showcasing blocks which will be auctioned by the states in FY to the potential investors. Union Minister for Mines Shri Narendra Singh Tomar said that it will carry forward the efforts of the Government for strengthening the mineral auction regime as well as help in expediting auctions and bring in greater participation from the stakeholders.

9 9. Who: Connaught Place What: is world s 9th most expensive office location When: published on 11th July 2018 New Delhi s Connaught Place has moved one position higher to become ninth most expensive office location in the world with an annual rent of $153 per sq ft, according to property consultant CBRE. Mumbai s Bandra Kurla Complex (BKC) slipped to 26th position with an annual prime rent of $96.51 per sq ft from 16th rank. The central business district (CBD) of Nariman Point also moved down to 37th position commanding an annual prime rent of $72.80 per sq ft from 30th rank last year Who: Angelique Kerber What: has won the women s singles title of 2018 Wimbledon When: published on 15th July 2018 Angelique Kerber was not about to be overwhelmed by the setting or the stakes in this Wimbledon final. She knew exactly what to expect - and what to do - against Serena Williams.

10 Two years after losing to Williams with a title on the line at Centre Court, Kerber came through. So steady, so patient, so accurate throughout, she never really gave Williams much of a chance this time, putting together a 6-3, 6-3 victory for her first championship at the All England Club and third major overall.

11 Top 10 News of the Day : 16 th July, Reserve Bank of India makes it compulsory to incorporate purchaser s name on the face of payment instrumentalities to prevent money laundering. (Objective Current Affairs File 2018, 16 th July) In order to address the concerns arising out of the anonymity and to prevent money laundering, the Reserve Bank has now made it compulsory to incorporate the purchaser s name on the face of demand draft, pay order, banker s cheques and other instruments. The RBI issued a notification in Mumbai yesterday to this effect to the banks. This directive will come into effect from 15th of September this year. 2. Sunil Mehta headed the committee that has suggested a live auction mechanism to help banks free up security receipts worth Rs 90,000 crore in their investment books that can used to revive credit growth. (Top 10 Current Affairs Questions 15 th July 2018) The committee on bad-loan resolution led by Punjab National Bank chairman Sunil Mehta has suggested a live auction mechanism to help banks free up security receipts worth Rs 90,000 crore in their investment books that can used to revive credit growth. ET has reviewed a copy of the recommendations that seek to achieve this through an asset trading platform (ATP) recommended under Project Sashakt, the broad contours of which had been announced on July 2. The above details weren t made public at the time. 3. Veteran Journalist Kalpesh Yagnik passed away. (Top 10 MCQs on Current Affairs 16 th July 2018) Madhya Pradesh Police said veteran journalist Kalpesh Yagnik did not die of a heart attack as reported earlier but lost his life after he fell from the terrace of a building in Indore.

12 The 55-year-old Dainik Bhaskar Group Editor passed away early on Friday. Director General of Police Narayan Chari Mishra told IANS: "Yagnik died after falling from the terrace of a three storeyed building. Police has launched an investigation into the incident." 4. India has become Regional Head of Asia Pacific Region in WCO. (Top 10 Current Affairs Quiz 16 th July 2018) India has become the vice-chair (regional head) of the Asia Pacific region of the World Customs Organisation (WCO) for a period of two years till June 2020, the finance ministry. The organisation has divided its membership into six regions. Each of the regions is represented by an elected vice-chairperson to the WCO council. 5. Indian gymnast Dipa Karmakar is likely to be named as brand ambassador of Tripura. (Top 10 Current Affairs Questions and Answers 16 th July 2018) Ace Indian gymnast Dipa Karmakar, who bagged the gold medal in the women's vault event at the Artistic Gymnastics World Challenge Cup in Mersin in Turkey, is likely to become the brand ambassador of Tripura. Reflecting on the same, Tripura's Sports and Youth Affairs Minister, Manoj Kanti Deb said that the gymnast has brightened the name of the state and that the government is looking forward to make her the brand ambassador of the state. 6. Mr Injeti Srinivas has head of MCA Constitutes 10-Member Committee. (Latest Current Affairs File 16 th July 2018) The Ministry of Corporate Affairs (MCA) has constituted a 10 Member Committee, headed by the Secretary of Ministry of Corporate Affairs, for review of the penal provisions in the Companies Act, 2013 may be setup to examine de-criminalisation of certain offences.

13 The MCA seeks to review offences under the Companies Act, 2013 as some of the offences may be required to be decriminalised and handled in an in-house mechanism, where a penalty could be levied in instances of default. This would also allow the trial courts to pay more attention on offences of serious nature. Consequently, it has been decided that the existing compoundable offences in the Companies Act viz. offences punishable with fine only or punishable with fine or imprisonment or both may be examined and a decision may be taken as to whether any of such offences may be considered as civil wrongs or defaults where a penalty by an adjudicating officer may be imposed in the first place and only consequent to further non-compliance of the order of such authority will it be categorised as an offence triable by a special court. 7. Haryana Governor Kaptan Singh Solanki has been given the additional charge of Himachal Pradesh. (Current Affairs in Short 16 th July 2018) Haryana Governor Kaptan Singh Solanki on Friday was given the additional charge of Himachal Pradesh by President Ram Nath Kovind. Solanki would discharge "the functions of the Governor of Himachal Pradesh, in addition to his own duties" during the absence of Himachal Governor Acharya Devvrat, who is on leave, an official communique said. 8. Indore hosted the 4th National Conclave on Mines & Minerals. (Important Current Affairs Questions 16 th July 2018) The 4th National Conclave on Mines & Minerals will be held on 13th July, 2018 at Indore for showcasing blocks which will be auctioned by the states in FY to the potential investors. Union Minister for Mines Shri Narendra Singh Tomar said that it will carry forward the efforts of the Government for strengthening the mineral auction regime as well as help in expediting auctions and bring in greater participation from the stakeholders. 9. Connaught Place is world s 9th most expensive office location.

14 (Most Important Current Affairs Quiz 16 th July 2018) New Delhi s Connaught Place has moved one position higher to become ninth most expensive office location in the world with an annual rent of $153 per sq ft, according to property consultant CBRE. Mumbai s Bandra Kurla Complex (BKC) slipped to 26th position with an annual prime rent of $96.51 per sq ft from 16th rank. The central business district (CBD) of Nariman Point also moved down to 37th position commanding an annual prime rent of $72.80 per sq ft from 30th rank last year. 10. Angelique Kerber has won the women s singles title of 2018 Wimbledon. (Top Current Affairs Questions 16 th July 2018) Angelique Kerber was not about to be overwhelmed by the setting or the stakes in this Wimbledon final. She knew exactly what to expect - and what to do - against Serena Williams. Two years after losing to Williams with a title on the line at Centre Court, Kerber came through. So steady, so patient, so accurate throughout, she never really gave Williams much of a chance this time, putting together a 6-3, 6-3 victory for her first championship at the All England Club and third major overall.

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