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- Question
Who released a report that RBI has Rs.3 lakh crore (43$ million) in excess reserves?
Options- A. UBS
- B. World Bank
- C. BofAML
- D. Bank of America
- Correct Answer
- BofAML
ExplanationBank of America Merrill Lynch (BofAML), the excess reserves that RBI holds could be up to Rs.3 lakh crore ($43 billion) or 1.5% of the GDP (Gross Domestic Product). This also includes the excess capital in contingency reserves and revaluation reserves. The Bimal Jalan committee on the appropriate capital reserves for RBI was likely to identify this excess buffer. The committee was set up in December-end with a 6-member panel headed by former RBI governor Jalan. Indranil Sen Gupta, chief India economist at BofAML notified that RBI maintains higher contingency reserves as a percentage of its total book compared to its peers in Brazil, Russia and South Africa, thus a lower cap will bring in more funds. The BofAML report stated that capping overall reserves at 20% from 25.5% will release Rs. 1.96 lakh crore and there is no specific hindrance which would deter RBI from transferring the money to government. - 1. Which movie has won the Best Film award in the 64th National Awards-2017?
Options- A. Rustom
- B. Ventilator
- C. Kasaav
- D. Neerja Discuss
- 2. Which of the following initiation of the Rotary Club of Madras North provides sanitary napkins to the students?
Options- A. Project Suvidha
- B. Project Puthuyugam
- C. Project Sangini
- D. Project Kannamma Discuss
- 3. Which team won the Women's World Twenty20 title?
Options- A. West Indies
- B. Australia
- C. England
- D. New Zealand Discuss
- 4. With whom Indian Army signed an MoU to build tunnels on China, Pakistan borders?
Options- A. NTPC
- B. ONGC
- C. NHPC
- D. THDC Ltd Discuss
- 5. IORA member states establish 'Be the Legacy' internship programme to honour ___________.
Options- A. Mahatma Gandhi
- B. Nelson Mandela
- C. Martin Luther King
- D. Mother Teresa Discuss
- 6. Which team won the Admiral's Cup 2018?
Options- A. Nigeria
- B. Singapore
- C. Italy
- D. Poland Discuss
- 7. Which centre won an award for Outstanding Contribution to Gold Policy Research in 2017-18 at the 15th India International Gold Convention held in Kochi?
Options- A. India Gold Policy Centre (IGPC), IIM Ahmedabad
- B. Centre for Research on Gold (CRG), IIT Madras
- C. Indian Institute for Gold Policy (IIGP), IIM Kozhikode
- D. Centre for Gold Policy Formulation (CGPF), IIM Mumbai Discuss
- 8. Scientists have developed a wireless 'in-body GPS' which helps to track tumours inside the body. It is named as;
Options- A. Delta
- B. Atlas
- C. ReMix
- D. Atlas Discuss
- 9. Which bank launched India's first 'Green Car Loan' (Electric Vehicle) to encourage customers to buy electric vehicles?
Options- A. Canara Bank
- B. Axis Bank
- C. HDFC Bank
- D. State Bank of India Discuss
- 10. Which of the following become the first national legislative body in the world to declare a climate change emergency?
Options- A. Mexico
- B. Italy
- C. UK
- D. India Discuss
More questions
Correct Answer: Kasaav
Correct Answer: Project Kannamma
Explanation:
Project Kannamma is the initiative of the Rotary Club of Madras North to provide sanitary napkins to the students. It was started in August of 2018 by providing free, biodegradable sanitary napkins to 82 students at the Government High School in Uthandi of Tamil Nadu. The sanitary napkins are provided by the Irula Tribal Women's Welfare Society (ITWWS). The project is also supporting the livelihood of the Irula Tribal Women. the group sells 15,000 pads per month, it can sustain the families of 12 tribal women.
Correct Answer: Australia
Explanation:
Australia clinched Women's World Twenty20 title as they attained an easy win over England in the final of the Women's World T20 tournament. This is Australia's 4th title win at Women's World T20 in 6 editions of the tournament. The Southern Stars have won the trophy previously in 2010, 2012 and 2014. West Indies hosted the event.
Correct Answer: NHPC
Explanation:
Recently, Indian Army signed a Memorandum of Understanding (MOU) with National Hydroelectric Power Corporation (NHPC) Limited, to build four underground tunnels along China and Pakistan borders for storage of ammunition and other war-related equipment. Three tunnels will be built along Chinese border and one tunnel will be build along the Pakistan border. The tunnel can store 175-200 metric tonnes of ammunition and the cost of this pilot project is around Rs 15 crore.
Correct Answer: Nelson Mandela
Explanation:
The Indian Ocean Rim Association (IORA) 'Be the Legacy' internship programme was announced at the end of the 18th IORA meeting in Durban, South Africa. The programme has been established by IORA members, including India, to honour former South African president Nelson Mandela. The programme aims to empower people under the age of 30 from IORA member states with work experience in their interested fields of study.
Correct Answer: Italy
Explanation:
Team Italy won the Admiral's Cup 2018. The ninth edition of 'Admirals Cup' Sailing Regatta (2018) concluded with a glittering closing ceremony at Ettikulam Beach at Indian Naval Academy (INA), Ezhimala. Team Singapore was the Runners-Up and Team USA came third. The host country team (Indian Naval Academy) finished fourth in the overall position of Admiral's Cup 2018.
Correct Answer: India Gold Policy Centre (IGPC), IIM Ahmedabad
Explanation:
The India Gold Policy Centre (IGPC), IIM Ahmedabad won an award for Outstanding Contribution to Gold Policy Research in 2017-18 at the 15th India International Gold Convention held in Kochi. The award was received by Professor Arvind Sahay, Chairman of IGPC, along with his team. The convention was held at Le Meridien Convention Centre. Around 400 delegates participated.
Correct Answer: ReMix
Explanation:
Scientists have developed a wireless 'in-body GPS' system named "ReMix" that can accurately locate ingestible implants and track tumours inside the body. ReMix was able to track implants with centimetre-level accuracy in animal tests. Similar implants can be used to deliver drugs to specific regions of the body. The test was conducted by scientists from Massachusetts Institute of Technology (MIT) and Massachusetts General Hospital (MGH) in the US. ReMix is not accurate enough to be implemented in clinical settings as of now. For actual implementation, the margin of error should be closer to nearly two millimetres.
Correct Answer: State Bank of India
Explanation:
On World Earth Day- April 22, 2019 the State Bank of India (SBI) has launched India's first 'Green Car Loan' (Electric Vehicle) to encourage customers to buy electric vehicles. The new scheme 'Green Car Loan' will offer loan at 20 basis points lower than the interest rate on the existing car loan schemes. The scheme comes with the longest repayment period of up to 8 years. It is thus a strategic inclusion to SBI's auto loan segment that is offered with zero processing fee for the first 6 months of the launch. SBI has already notified 100% migration to EVs (Electric Vehicles) by 2030 in order to decrease carbon footprints, thus being in line with the government's pledge of ensuring 30% EVs on road by 2030.
Correct Answer: UK
Explanation:
The UK parliament became the first national legislative body in the world to declare a climate change emergency. The motion was approved without a vote and registers the views of the House of Commons without compelling the government to act on any particular policy proposal. It also calls for the government to work towards carbon neutrality before 2050 and for ministers to draft proposals within the next 6 months to restore the country's environment and create a "zero waste economy".
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