ibpsguide- the hindu analysis€¦ · 04/04/2018 · wrc-2 •reverse repo rate international...
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IBPSGUIDE- THE HINDU ANALYSIS Interrogative version (April 17th 2018)
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WHOSE ?? WHERE??
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•Trade Treaty •Sweden -India
Pact •CW Nations
NATIONAL
•Qutub Minar- Haemophilia Day
•WPI Inflation • Uttam Galva
•Ola – 10000 Evs •Fino Payment
Bank
• MRF to enter WRC-2
•Reverse Repo Rate
INTERNATIONAL
STATE BUSINESS
SPORTS
BANKING TERM
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•RTE •M-Blood
•Vandalur Zoo
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Mr. Modi will begin the day with bilateral meetings with Swedish Prime Minister Stefan Lofven, and then co-host the first India-Nordic
summit along with Sweden, attended by leaders of Denmark, Finland, Iceland and Norway.
Whom the Indian PM is meeting?
What are agreements in the agenda?
The long-pending free trade agreement between the European Union and India, development and ‘innovation’ are on the agenda as Prime
Minister Narendra Modi begins official meetings in Stockholm.
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Hours before Prime Minister Narendra Modi touched down in Sweden for bilateral discussions and a Nordic region summit, Sweden’s Defence Minister Peter Hultqvist urged for a long-term agreement in defence cooperation, since both countries are non-aligned countries and have
many common values.
Who said this?
Stockholm is the Capital and Swedish krona is the currency of Sweden.
What is the Capital and Currency of Sweden?
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The Commonwealth of Nations (formerly the British Commonwealth), also known as simply the Commonwealth, is an intergovernmental
organisation of 53 member states that are mostly former territories of the British Empire.
What are the commonwealth nations?
The U.K. and India released a guideline on the design and implementation of joint trade reviews between Commonwealth members to draw upon the
emerging lessons of the trade review conducted between the two nations.
What are the recent ties between India and CW Nations?
Other International Headlines
“I don’t think he’s medically unfit to be President. I think he’s morally unfit to be President. Our President must embody respect and adhere to the
values that are at the core of this country the most important being truth. This President is not able to do that,” Former FBI Chief Comey Said
Other International Headlines
The United States accused Russia of blocking international inspectors
from reaching the site of a suspected poison gas attack in Syria
and said Russians or Syrians may have tampered with evidence on
the ground.
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Haemophilia is a genetic disease where the body’s ability to make blood clots is impaired. There are a little over 18,000 haemophiliacs registered
with the Haemophilia Federation of India.
What is Haemophilia?
What is the theme of Haemophilia Day?
This year's theme is 'Sharing Knowledge Makes Us Stronger’
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The Right of Children to Free and Compulsory Education Act or Right to Education Act (RTE), is an Act of the Parliament of India enacted on 4 August 2009, which describes the modalities of the importance of free and compulsory education for children between 6 and 14 in India under Article 21a of the Indian Constitution. India became one of 135 countries to make education a fundamental right of every child when the Act came into force on 1 April 2010.
What is RTE Act?
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The School Education Department has stated that a total of 62,351 seats across matriculation schools in the State have been set apart under the RTE Act for 2018-19 to enable admissions to underprivileged children. This represents an increase of over 600 seats over the previous year.
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A location-based app has been launched to connect blood donors with recipients in their locality. The app — MBLOOD — currently available only on Android platform, which claims to have a network of over 27,000 users and a list of over 2,100 registered blood banks across the country was inspired by the ‘on request’ cab model
What is the name of the app? How it is used?
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The management of the Arignar Anna Zoological Park in Vandalur has launched a mobile app on the Android platform to help lakhs of visitors coming to the zoo. Named ‘Vandalur Zoo,’ the app has multiple features such as online ticket booking for zoo visit and an interactive map that will act as a virtual tour guide inside the zoo. It helps visitors with directions and gives them an idea of the distance they have to walk to reach a particular animal enclosure. A section is devoted to information on animals under the categories of mammals, reptiles and birds. A voice-based explanation is also available.
What is the name of the app? How it is used?
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Wholesale Price Index (WPI) represents the price of goods at a wholesale stage i.e. goods that are sold in bulk and traded between organizations instead of consumers. WPI is used as a measure of inflation in some economies.
What is WPI?
Inflation based on wholesale prices slipped marginally to 2.47% in March on falling prices of food items, especially vegetables and pulses. On the basis of the Wholesale Price Index, inflation had quickened to 2.48% in February and to 5.11% in March last year. According to government data, food articles witnessed deflation after about eight months as vegetables, cereals, pulses, eggs, meat and fish, turned cheaper.
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Uttam Galva Steel Ltd., with debt of more than Rs. 6,000 crore, has offered to clear all its dues if the lenders, led by State Bank of India (SBI), agree to withdraw the insolvency proceedings against the company in the National Company Law Tribunal (NCLT).
In which bank does Uttam Galva has debt?
What is the market capitalisation value of Uttam Galva? Uttam Galva shares rose 4.64% to Rs. 14.65, valuing the company at Rs. 208 crore.
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App-based cab aggregator Ola plans to introduce 10,000 e-rickshaws and electric auto rickshaws in India in the next 12 months. The ride-hailing company is in talks with state governments, OEM partners and electronic vehicle innovators to speed up the introduction of EVs in India.
What is EV?
Who is the CEO of Ola?
Bhavish Aggarwal is the co-founder and CEO of Ola. Ola aims to bring one million electric vehicles on the road by 2021.
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The payments bank, which started operations in June 2017, was initially recording remittances of Rs. 350 crore a month, which went up to Rs. 700 crore in January and Rs. 1,010 crore in February. In March it recorded 3.5 million transactions worth Rs. 1,150 crore.
When did Fino Payment Bank started its operations?
Who is the MD and CEO of Fino Payments Bank? Rishi Gupta is the Managing Director and Chief Executive Officer of Fino Payments Bank.
Other Business Headlines
Last week, IHH Healthcare Berhad had made an offer to buy the company at Rs. 160 per share, heating up the takeover battle for Fortis.
Fortis received a sweetened offer from Manipal Hospitals Enterprises Pvt. Ltd. and TPG at Rs. 155 per share.
India needs to create 8.1 million jobs a year to maintain its employment rate, according to a World Bank report which projected the country’s growth to accelerate to 7.3% in the current financial year. It also projected the growth rate to increase further to 7.5% in the following two years.
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Team MRF, with three-time Asia Pacific Rally Champion Gaurav Gill behind the wheel, will enter the World Rally Championship-2 for the 2018 season. Team MRF won the APRC nine times with Gill winning the titles in 2013, 2016 and 2017. “I have been wanting to do the WRC for the last couple of years. I have competed against drivers who are doing well there now and I have always believed I can do well,” added the 36-year old Delhi-based racer.
BANKING TERM
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Reverse Repo Rate: Reverse repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) borrows money from commercial banks within the country. It is a monetary policy instrument which can be used to control the money supply in the country. Current Reverse Repo Rate is 5.75% as per Bi-monthly Policy.
Can you explain reverse repo in simple terms?
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REVERSE REPO RATE
For example, If RBI has Government securities worth Rs.50 lakh. SBI has surplus Rs.50 lakh and nobody is taking them as loans. But SBI is sure more people will come to take loans after April. So SBI just wants to park this surplus 50 lakh somewhere for the short-term. So, SBI enters into Reverse Repurchase agreement with RBI. The agreement Says “I (SBI) will give buy Government securities worth Rs.50 lakh from the RBI, and RBI promises to buy back those securities from me after 6 months at 12%” which is Rs.53 lakh. Thus with a profit of 3 Lakh. This rate is called Reverse Repo Rate.
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