Banking & Financial Awareness 3

7/15/2017
  • Indian commodity exchange will merge with Indian Commodity Exchange (ICEX)____National Multi-Commodity Exchange of India Ltd.
  • According to the Reserve Bank of India(RBI), the payments Bank has commenced operations as a payments bank with effect from 30th June 2017____FINO Payments Bank.
  • As per latest report by BMI Research, India’s GDP growth forecast for FY 18 ___6.9%.
  • India has signed a loan agreement with Asian Development Bank (ADB) for improving road connectivity and efficiency in Rajasthan ___USD 220 million.
  • According to the Swiss National Bank (SNB) analysis India’s rank in money hoarded in Swiss banks in 2016___88th.
  • The Asian Infrastructure Investment Bank (AIIB) has approved amount of loan to build roads in Gujarat ____USD 329 million.
  • According to the RBI's Financial Stability Report (FSR), India’s economic growth rate in terms of Gross Value Added (GVA) in 2017-18 ____7.3%.
  • The union govt. has imposed basic customs duty on mobile phones and certain parts with immediate effect to boost domestic manufacturing ____10%.
  • India’s rank in the 2017 Global Cybersecurity Index (GCI)___23rd.
  • Indus OS has collaborated with the Indian Bank to launch an OS-integrated UPI payment platform ___YES Bank 
  •   Many organizations in Europe and the US have been crippled by a ransomware attack known as ___Petya. 
  • The Indian Railways is set to launch a campaign that will give travelers the option to forego the subsidy on their train tickets ___Give-It-Up.
  • EPFO has inked pacts with banks for collections of provident dues and to make retirement payments __5.  
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