List of Indian States and their Tourism Slogans

  • Andhra Pradesh :- The Essence of Incredible India. 
  • Arunachal Pradesh :- The Land of Dawnlit Mountains. 
  • Bihar :- Blissful Biha. 
  • Chhattisgarh :- Full of Surprises. 
  • Goa :- A Perfect Holiday Destination. 
  • Gujarat :- Vibrant Gujarat. 
  • Haryana :- A Pioneer in Highway Tourism. 
  • Himachal Pradesh :- Unforgettable Himachal. 
  • Jammu and Kashmir :- Chalo Kashmir. 
  • Jharkhand :- A New Experience. 
  • Karnataka :- One State. Many Worlds. 
  • Kerala :- God’s Own Country. 
  • Madhya Pradesh :- The Heart of Incredible India. 
  • Maharashtra :- Unlimited. 
  • Manipur :- Jewel of Incredible India. 
  • Meghalaya :- Half Way To Haaven. 
  • Nagaland :- Land of Festivals. 
  • Orissa :- The Soul of Incredible India. 
  • Punjab :- India Begins Here. 
  • Rajasthan :- The Incredible State of India. 
  • Sikkim :- Small But Beautiful. 
  • Telangana :- It's all in it. 
  • Tamil Nadu :- Enchanting Tamil Nadu. 
  • Tripura :- Visit Agartala. 
  • Uttar Pradesh :- Amazing Heritage Grand Experiences. 
  • Uttarakhand :- Exploring Uttarakhand. 
  • West Bengal :- Beautiful Bengal.

  • Puducherry :- Give Time a Break. 
  • Lakshadweep :- 99% fun and 1% land/ Enjoy the coral paradise. 
  • Dadra and Nagar Haveli :- The Land of Natural Beauty.

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State Wise List Of Food In India

  • India’s Capital - Delhi (UT) :- Makhani Chicken. 
  • Kashmir :- Tabak Maaz. 
  • Punjab :- Makki ki Roti, Sarson ka Saag. 
  • Haryana :- Kadhi Pakoda (Snack). 
  • Rajasthan :- Ker- Sangri. 
  • Himachal Pradesh :- Sidu. 
  • Uttarakhand :- Kaapa. 
  • Uttar Pradesh :- Shami Kebab. 
  • Madhya Pradesh :- Bhutte (corn) Kheer. 
  • Chhattisgarh :- Red Ant Chutney. 
  • Gujarat :- Rice panki. 
  • Maharashtra :- Thalipeeth. 
  • Goa :- Bibinca. 
  • Karnataka :- Chiroti. 
  • Kerela :- Aviyal. 
  • Andhra Pradesh :- Kodi Kura. 
  • Telangana :- Kodi Kura. 
  • Tamil Nadu :- Kadungu Yerra. 
  • Bihar :- Khubi ka Lai. 
  • Jharkhand :- Marua (Raagi Flour) Roti. 
  • Sikkim :- Phagshapa. 
  • Arunanchal Pradesh :- Apong. 
  • Assam :- Masor Tenga. 
  • Nagaland :- Momos. 
  • Manipur :- Yongchak Iromba. 
  • Meghalaya :- Tungtap (Fish Chutney) & Jadoh (Flavored Rice). 
  • Tripura :- Berma. 
  • Mizoram :- Zu Tea. 
  • West Bengal :- Bhapa Ilish. 
  • Odisha :- Chena Poda (Cheese Cake from Odisha).

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State Wise List Of Festivals In India

  • Andhra Pradesh :- Brahmotsavam. 
  • Arunachal Pradesh :- Losar Festival. 
  • Assam :- Bohag Bihu. 
  • Bihar :- Chhath Puja. 
  • Chattisgarh :- Bastar Dussehra. 
  • Goa :- Carnival. 
  • Gujarat :- Janmashtami, Diwali. 
  • Haryana :- Baisakhi. 
  • Himachal Pradesh :- Mahashivaratri. 
  • Jammu and Kashmir :- Eid-ul-Fitr and Eid-ul-Azha. 
  • Jharkhand :- Holi. 
  • Karnataka :- Ugadi. 
  • Kerala :- Onam. 
  • Madhya Pradesh :- Diwali. 
  • Maharashtra :- Ganesh Chaturthi. 
  • Manipur :- Yaoshang. 
  • Meghalaya :- Nongkrem Dance Festival. 
  • Mizoram :- ChapcharKut Festival. 
  • Nagaland :- Hornbill Festival. 
  • Odisha (Orissa) :- Raja Parba. 
  • Punjab :- Lohri. 
  • Rajasthan :- Gangaur Festival. 
  • Sikkim :- Saga Dawa.
  • Tamil Nadu :- Pongal. 
  • Telangana :- Bonalu. 
  • Tripura :- Kharchi Puja. 
  • Uttar Pradesh :- Navaratri. 
  • Uttarakhand :- Ganga Dusshera. 
  • West Bengal :- Durga Puja.

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List of States and Capitals of India

  • Andhra Pradesh :- Hyderabad. (Note - From 2nd June, 2014, The State of Andhra Pradesh has been divided into Telangana and Andhra Pradesh. Hyderabad will remain capital of both the resultant states for 10 years. The proposed capital for the state of Andhra Pradesh is Amaravati in Guntur district.) 
  • Arunachal Pradesh :- Itanagar. 
  • Assam :- Dispur. 
  • Bihar :- Patna. 
  • Goa :- Panaji. 
  • Gujarat :- Gandhinagar. 
  • Haryana :- Chandigarh. 
  • Himachal Pradesh :- Shimla. 
  • Jammu & Kashmir :- Srinagar (Winter - Jammu). 
  • Karnataka :- Bengaluru (Bangalooru). 
  • Kerala :- Thiruvananthapuram. 
  • Madhya Pradesh :- Bhopal. 
  • Maharashtra :- Mumbai. 
  • Manipur :- Imphal. 
  • Meghalaya :- Shillong. 
  • Mizoram :- Aizawl. 
  • Nagaland :-  Kohima. 
  • Orissa :- Bhubaneswar. 
  • Punjab :- Chandigarh. 
  • Rajasthan :- Jaipur. 
  • Sikkim :- Gangtok. 
  • Tamil Nadu :- Chennai. 
  • Tripura :- Agartala. 
  • Uttar Pradesh :- Lucknow. 
  • West Bengal :- Kolkata. 
  • Chhattisgarh :- Raipur. 
  • Uttarakhand :- Dehradun. 
  • Jharkhand :- Ranchi. 
  • Telangana :- Hyderabad (Note - From 2nd June, 2014, The State of Andhra Pradesh has been divided into Telangana and Andhra Pradesh. Hyderabad will remain capital of both the resultant states for 10 years. The proposed capital for the state of Andhra Pradesh is Amaravati in Guntur district.)

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  • When an order cheque is endorsed in blank, it is payable to bearer and transferable by mere delivery. 
  • A cheque crossed “Not Negotiable”, is  transferable. 
  • As per section 138 of Negotiable Instruments Act, there is a provision of penalty when the cheque issued in discharge of a liability is dishonoured due to insufficient funds in the account and if the cheque has been presented to the bank within a period of three months and is not honoured due to insufficient funds. 
  • The cheque on behalf of a partnership firm can be stopped for payment by anyone partner whether he/she is authorized to operate the account or not. 
  • The marginal farmer is one who possesses agriculture land upto 1.25 acres of irrigated land or 2.5 acres of non-irrigated land. 
  • Registration of charge is not required in the case of pledge, lien, set-off and appropriation. 
  • Loans for construction of godown for own use of farmers is not part of indirect finance to agriculture. 
  • Nostro account is an account of a bank established in India with a Foreign Bank in another country and the account is maintained in foreign currency. 
  • Resident Foreign Currency (RFC) account scheme is available for home returned Non-resident Indians. 
  • In an overdraft account, when the death notice of partner is received the bank should stop the operations to avoid application of Clayton’s case. 
  • A company is not dissolved by lunacy of a director or bankruptcy of a director or death of a director. 
  • In the case of insolvency, the banker’s obligation to honour customer cheques comes to an end when the customer is adjudged insolvent. 
  • A lien is the right to retain goods or securities belonging to a debtor until he has discharged a debt due to the retainer thereof. 
  • The shareholders of a Private Limited Co cannot transfer the shares to any other individual other than the shareholders of the company. 
  • The term banking has been defined by Banking Regulation act – 1949. 
  • INFINET  is – RBI’s VSAT based communication system. 
  • The negotiable instruments act is applicable in the entire part of the country. 
  • If the cheque is drawn in favour of “Mother God” or order, the cheque is to be returned with the reasons – “since drawn on fictitious name”. 
  • Under section 25 of Negotiable Instruments Act, public holidays are declared by – the respective state governments by notifications in the official gazettes. 
  • By “General Crossing”, we mean two transverse parallel lines on top left hand corner of a cheque. 
  • Banks were nationalized under – Banking Companies (Acquisition and transfer of undertaking) act-1970. 
  • When an account shows debit balance, the banker is a creditor and when the account shows credit balance, the banker is the debtor. 
  • The process of replacing paper securities into electronic holding of shares is known as – dematerialization. 
  • Natural guardian under Hindu Minority and guardianship act, 1956 will be – his father and after him the mother. 
  • For banking transactions, an administrator is one who is appointed by the court if the deceased has died intestate. 
  • The right of set-off can be exercised by the banker only when the relationship between the customer and the banker is that of debtor and creditor. 
  • Limitation period for availing the remedy under Section 138 of Negotiable Instruments Act is one month from the date of cause of action. 
  • In Camel’s rating – E stands for earnings. 
  • FIMMDAI means Fixed Income Money Market and Derivative Association of India. 
  • Chairman and Managing Directors of nationalized banks are appointed by Central Government. 
  • Debt Service Coverage Ratio shows the number of times the company’s surplus generation covers the payment of interest and repayment of principal of long debt. 
  • A NRE depositor has issued a power of attorney in favour of his wife i.e., a resident Indian. She can withdraw cash, issue cheques-crossed for local payments and deposit into the account a foreign DD favouring the deposit, however, she cannot deposit foreign currency notes/foreign traveler cheques. 
  • The maximum period allowed for FCNR deposits is-  three years. 
  • A letter of credit in which the terms and conditions cannot be amended without the agreement of opening bank, applicant and the beneficiary is called – Irrevocable letter of credit.



Professor J S Rajput appointed as India's representative to the Executive Board of UNESCO

  • Former NCERT director J S Rajput is nominated by the Ministry of Human Resource Development for India’s representative to the Executive Board (EXB) of UNESCO. 
  • Professor J S Rajput is an eminent educationist with rich experience in various fields including UNESCO. The EXB has a four-year term of office and 58 seats. 
  • The executive board is one of the constitutional organs of UNESCO and is elected by the General Conference. 
  • The elections of Members of the EXB for the term 2017-21 took place on 8th November 2017, in which India won with 162 votes in Group IV during the 39th session of the General Conference which was held from 30th October to 14th November 2017. 
  • Being a member of the board enables us in principle to play a role in shaping and reviewing UNESCO’s policies and programmes corresponding to its five major programs on education, the natural science, the social and human Sciences, Culture and Communication and Information. 
  • The next meeting (Session204) of Executive Board of UNESCO is to be held in UNESCO HQ at Paris, from 4 - 17 April 2018.

About Professor J S Rajput

  • Rajput is an Indian educationalist and was honored with Padma Shri in 2014. 
  • He has also honored as Maharishi Ved Vyas award in 2010 by the Madhya Pradesh government for his contributions in the education sector. 
  • Moreover, Rajput is also known for regulating the B.Ed correspondence courses as the first chairman of NCTE and for starting the innovative two-year B.Ed course. 
  • Further, he recently completed a project which aimed at achieving religious Amity through education. 
  • At the age of 31, he earned the professorship through Rajput's research publications and published his research papers in several specialised areas in education, guided doctoral-level researchers and has authored several books. 
  • The book 'Education of Muslims in India', edited by him was released by Prime Minister Narendra Modi on June 15, 2015.

World’s Oldest City Varanasi Goes ‘Wireless’

  • In June 2015, former Union Minister of State for Power and Coal, Piyush Goyal, announced a Rs 432-crore project to lay underground cable lines over 16 square kilometres in Varanasi, catering to over 50,000 consumers. 
  • In September that year, PM Narendra Modi inaugurated the Integrated Power Development Scheme (IPDS) for the country in Varanasi through Powergrid, a state-owned electric utilities company. 
  • Hence,  Eighty-six years after the city got electricity, overhead power cables in world's oldest city 'Varanasi ' is being dismantled after a project to lay underground lines over 16 sq-km has been completed. 
  • Laying cables for 50,000 consumers through the serpentine lanes and congested markets in one of the world’s oldest cities was quite a challenge for Powergrid, the company conducting the integrated power development scheme (IPDS) project.

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K P Sharma Oli becomes Nepal PM for the second time

  • Nepal President Bidhya Devi Bhandari has appointed CPN-UML chairperson K P Sharma Oli (65-year) as the Prime Minister (41st)  after his Left alliance routed the ruling Nepali Congress in the country's parliamentary and local polls. 
  • Earlier, Mr. Oli had served as the country's prime minister from October 11, 2015, to August 3, 2016.
  • The appointment was made under the article 76 of Nepals Constitution which states that in case of no clear majority of any party in the House of Representatives, the President shall appoint as Prime Minister the member of the House of Representatives who can have the majority with the support of two or more political parties.
  • Olis PM candidacy was supported by the UCPN-Maoists, Rastriya Prajatantra Party Nepal, and Madhesi Rights Forum-Democratic along with 13 other small parties.
  • Earlier, former prime minister and Nepali Congress president Sher Bahadur Deuba had addressed the nation and submitted his resignation to the president.
  • Deuba was elected as the 40th Prime Minister on June 6 with the support from CPN (Maoist Centre) which is now a part of Left alliance and opting for merger with CPN-UML.



World's First 'Driverless Transport Pods' tested in Dubai

  • In a first move towards the future of transport, the Roads and Transport Authority of Dubai launched the test of the world's first 'Autonomous Pods' during the World Government Summit on Sunday, February 11, 2018.

Designed and made by :- NEXT Future Transportation Inc.

  • Transportation - are designed to travel shortand mediumdistances in dedicated lanes. 
  • They can be coupled together in as little 15 seconds or detached – depending on the riders’ destination – in five seconds.
  • Each pod is fitted with cameras and electromechanical technologies to carry out the coupling and detaching, which can be activated while the pod is in motion.


  1. RTA Director-General and Chairman of the Board of Executive Directors Mattar Al Tayer said that the testing of these driverless units, directed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has been done in order to transform Dubai into the smartest city worldwide.
  2. He added that the pods are a part of RTA endeavours to provide autonomous transport by carrying out technological tests on autonomous transport means under Dubai's climatic conditions.


  • They are designed to travel short and medium distances in dedicated lanes.
  • They are capable of being coupled together in 15 seconds or getting detached in five seconds, depending on the rider's destination.
  • The dimensions of one pod are 2.87 metres length, 2.24 metres width, and 2.82 metres in height.
  • It weighs around 1500 kilograms with a capacity to carry 10 passengers.
  • Each pod has an average speed of 20 kilometers per hour.
  • They are embedded with a battery that supports three hours of operation, and can be charged in six hours.
  • They come with three protection systems to avoid crashes.
  • The main system comprises 3D cameras, and the second one is a standby system based on ordinary cameras, and the last is operated manually by the operator.

  1. The pods form part of Dubai's larger strategy of making 25 percent of all journeys in Dubai autonomous by 2030.
  2. RTA has signed an agreement with the US-based Next Future Inc. to develop the units as part of the initial phase of Dubai Future Accelerators.



5th South Asia Region Public Procurement Conference held in New Delhi.

Hosted By

Public Procurement Division (PPD) of Ministry of Finance and All India Management Association (AIMA).

The theme of the Fifth Conference is -

“Public Procurement and Service Delivery.

  • It was held under auspices of South Asia Region Public Procurement Network (SARPPN), which is sponsored and facilitated by the World Bank, Asian Development Bank and Islamic Development Bank.


To strive to improve public procurement of member countries to ensure timely and quality delivery of public services.

Objective :-

  • Its objective was to enable heads of Public Procurement and other key stakeholders in 8 South Asian countries (Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan, Sri Lanka  and Afghanistan) to meet and learn from one another and from experts in field of public procurement.
  • It will help South Asian Governments to consider enhancements and innovations in their public procurement systems, enable efficient utilization of public resources, ensure quality and timeliness in delivery of services.



Government To Launch KUSUM Scheme To Encourage Farmers For Solar Farming

  • The Union Government announced a fund of Rs 1.4 lakh-crore for the ambitious Kisan Urja Suraksha evam Utthaan Mahaabhiyan (KUSUM) scheme.
  • The scheme will work towards promoting solar power production a.k.a. solar farming up to 28,250 MW to help farmers.
  • The Union Budget 2018-2019 has allotted Rs 48,000 crore to lead the scheme for a period of ten years.


  • KUSUM scheme will provide 1.75 million off-grid agricultural solar pumps.
  • It will build 10,000 MW solar plants on barren lands for solar farming.
  • Farmers will be given a chance to earn extra income if they help produce additional power by setting up solar power project on their barren land.
  • The energy produced by the farmers on their barren land will be bought by the state electricity distribution companies (DISCOMS).
  • The scheme is likely to decrease the consumption of diesel in the agriculture sector (used in pumps).
  • KUSUM scheme also includes the distribution of 17.5 lakh solar pumps for which 60 per cent subsidy will be given to the farmers.


  1. Solar farming promotes decentralised solar power production and energy efficiency along with water security to the farmers. 
  2. It will lessen the burden of diesel costs on the farmers and help them earn extra income when they set up the solar power plant on their barren land.



Kolkata Becomes First Indian Metro To Get Floating Market

  • Kolkata, capital of West Bengal became first metro city in India to get floating market.
  • Chief Minister of the state Mamata Banerjee inaugurated it through a remote control during a programme at Netaji Indoor Stadium.
  • The floating market is located on lake at Patuli in South Kolkata which is 400 metres long and 60 metres wide. 
  • The lake has been transformed into the floating market similar to the one in Thailand.


  1. It is the first such market in a metro city in India.
  2. The floating market is similar to that of Jammu & Kashmir and Thailand.
  3. Two water bodies were merged to set up the place.
  4. There are wooden walkways all around the area to help the customers reach the boats.
  5. The shopkeeper will be selling vegetables, fruits, fish, cereals etc.
  6. The timing of the floating market is set up to be 6 am to 9 pm.
  7. The boats have been specially designed and build for the market with a length of 10 ft and a space of two stalls.
  8. In its early operation, the market will have about 114 boats featuring double the sellers.


List Of Indian Space and Nuclear Research Centers

  • India Rare Earths Limited - Alwaye, Kerala.
  • Uranium Corporation of India - Jadugoda.
  • Indian Space Research Organization - Bengaluru.
  • Atomic Energy Commission (ABC) - Mumbai.
  • Electronics Corporation of India - Hyderabad.
  • Bhabha Atomic Research Centre - Trombay.
  • Radio Astronomy Centre - Ootacamund.
  • Tata Institute of Fundamental Research - Mumbai.
  • Saha Institute of Nuclear Physics - Kolkata.
  • College of Satellite Communication Technology - Ahmedabad.
  • Vikram Sarabhai Space Centre - Thiruvanandapuram.
  • Indian Scientific Satellite Project - Bengaluru.
  • Thumba Equatorial Launching Station - Thumba, Kerala.
  • Space Commission - Bengaluru.
  • Space Application Centre - Ahmedabad.
  • Nuclear Fuel Complex - Hyderabad.
  • Nuclear Power Complex - Mumbai.
  • Centre of Earth Science Studies - Trivendrum.
  • Physical Research Laboratory - Ahmedabad.

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National Emblems of Various Countries

  • Australia - Kangaroo.
  • Barbados - Head of Trident.
  • Canada - White Lily.
  • Denmark - Beach.
  • France - Lily.
  • Guyana - Canje Pheasant.
  • India - Lioned Capital.
  • Ireland - Shamrock.
  • Italy - White Lily.
  • Japan - Chrysanthemum.
  • Luxembourg - Lion with Crown.
  • Norway - Lion.
  • Papua New guinea - Bird of paradise.
  • Senegal - Bhobab Tree.
  • Sri Lanka - Lion.
  • Syria - Eagle.
  • U.K. - Rose.
  • Bangladesh - Water Lily.
  • Belgium - Lion.
  • Chile - Candor and Huemul.
  • Dominica - Sisserou Parrot.
  • Germany - Corn Flower.
  • Hong kong - Bauhinia.
  • Iran - Rose.
  • Isarel - Candelabrum.
  • Ivory Coast - Elephant.
  • Lebanon - Cedar tree.
  • Mongolia - The Soyombo.
  • New Zealand - Sothern Cross, Kiwi.
  • Pakistan - Crescent.
  • Spain - Eagle.
  • Sierra leone - Lion.
  • Sudan - Secretary Bird.
  • Turkey - Crescent and Star.
  • USA - Golden rod.

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Know Your Customer (KYC)

  • Know your customer ('KYC') is the process of a business identifying and verifying the identity of its clients.
  • The term is also used to refer to the bank and anti-money laundering regulations which governs these activities. 
  • Know your customer processes are also employed by companies of all sizes for the purpose of ensuring their proposed agents, consultants, or distributors are anti-bribery compliant. 
  • Banks, insurers and export creditors are increasingly demanding that customers provide detailed anti-corruption due diligence information.


  1. The objectives of KYC guidelines is to prevent banks from being used, intentionally or unintentionally, by criminal elements for money laundering activities. 
  2. Related procedures also enable banks to better understand their customers and their financial dealings.

For the purposes of a KYC policy, a Customer/user may be defined as -

  • A person or entity that maintains an account and/or has a business relationship with the bank,
  • One on whose behalf the account is maintained (i.e. the beneficial owner),
  • Beneficiaries of transactions conducted by professional intermediaries such as stockbrokers, Chartered Accountants, or solicitors, as permitted under the law, or
  • Any person or entity connected with a financial transaction which can pose significant reputational or other risks to the bank, for example, a wire transfer or issue of a high-value demand draft as a single transaction.

KYC controls typically include the following.-

  1. Collection and analysis of basic identity information such as Identity documents.
  2. Name matching against lists of known parties (such as "Politically Exposed Person").
  3. Determination of the customer's risk in terms of propensity to commit money laundering, terrorist finance, or identity theft.
  4. Creation of an expectation of a customer's transactional behavior.

Indian Law About KYC 

  • The Reserve Bank of India introduced KYC guidelines for all banks in 2002. 
  • In 2004, RBI directed all banks to ensure that they are fully compliant with the KYC provisions before December 31, 2005.

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Important One Liner Question & Answer

  • In BSBDA (Basic Savings Bank Deposit Account) the balance at any point of time does not exceed rupees.-
:- Rs. 50,000/-.

  • In BSBDA (Basic Savings Bank Deposit Account) the credits in a financial year does not exceed rupees.-
:- Rs. 1 lakh.

  • In BSBDA (Basic Savings Bank Deposit Account) the withdrawals and transfers in a month does not exceed rupees.-
:- Rs. 10,000/-.

  • In CBS, C stands for.-
:- Core.

  • In CRAR, A stands for.-
:- Assets (Capital to Risk Weighted Assets Ratio).

  • In India, one- rupee coins are issued by.-
:- Govt. of India.

  • In what denominations Commercial Paper (CP) can be issued.?
:- Rs. 5 lakh.

  • In which of the following fund transfer mechanisms,can funds be moved from one bank to another and where the transaction is settled instantly without being bunched with any other transaction.?
:- RTGS.

  • Increased interest rates, as is existing in the economy at present will.-
:- Mean higher
cost of raw materials.

  • Pradhan Mantri Jan Dhan Yojana' is a Scheme for.-
:- Financial inclusion.

  • Prime Lending Rate is replaced by.-
:- Base rate.

  • Purpose of starting Minor account for 10 years children.-
:- Financial inclusion.

  • Exchange of cash flow in different currency is known as.-
:- Currency Swap.

  • Expand ASBA.-
:- Application Supported by Blocked Amount.

  • Fastest mode of transaction.-
:- RTGS.

  • First Indian Bank to introduce credit card.-
:- Central Bank of India.

  • Fixed Deposit (FD)Account may be opened for a minimum period of.-
:- 7 days.

  • Fixed deposits and recurring deposits are.-
:- Repayable after an agreed period.

  • Forward Market Commission merge with.-
:- SEBI.

  • Full form IFSC.-
:- Indian Financial System Code.

  • Full form of CASA.-
:- Current Account Saving Account.

  • Full form of CVV.-
:- Card Verification Value.

  • Full form of EFT.-
:- Electronic Fund Transfer.

  • Full form of REIT.-
:- Real State Investment Trust.

  • How much amount of money can RBI lend to a bank.?
:- 2% of NDTL.

  • How much amount RBI allows in 'Tap and pay'transactions without PIN.?
:- Rs. 2000/-.

  • How much fee charged to file a complaint under Banking Ombudsman.?
:- Banking Ombudsman does not charge any fee.

  • How much overdraft facility to be provided in 'Pradhan Mantri Jan Dhan Yojana' scheme.?
:- Rs. 5,000/-.

  • If a cheque is postdated, the bank on which it is drawn.?
:- will not honour the cheque before the date of the cheque.

  • If any customer is not satisfied by the decision of Banking Ombudsman, customer can appeal against the award before the appellate authority within how many days from the date of receipt.?
:- 30 days.

  • If RBI reduces CRR, what happens.-
:- Credit Supply increases, loans get cheaper.

  • IFRS full form.-
:- International Financial Reporting Standards

  • IFSC code consists of _____ alpha numeric code.-
:- 11 digits (The IFSC is an 11 digit alpha numeric code, with the first four digits identifying the bank, fifth is numeric(kept
0) and the last six digits represent the bank branch.)
  • IMPS - Immediate Payment Service is an interbank electronic instant mobile money transfer service through mobile phones in India, the facility is provided by.-

(National Payment Corporation of India)

  • In a bank, which of the following are the usual types of accounts.?
:- Current accounts, Savings bank accounts and Term deposit accounts

  • In banking business, when the borrowers avail a term Loan, initially they are given a repayment holiday and this is referred as.-
:- Moratorium.

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Indian Financial System Code (IFSC)

  • The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India. 
  • A code uniquely identifies each bank branch participating in the two main Payment and settlement systems in India  - The Real Time Gross Settlement (RTGS) and The National Electronic Fund Transfer (NEFT) systems.


  • The IFSC is an 11-character code with the first four alphabetic characters representing the bank name, and the last six characters (usually numeric, but can be alphabetic) representing the branch.
  • The fifth character is 0 (zero) and reserved for future use. 
  • Bank IFS Code is used by the NEFT & RTGS systems to route the messages to the destination banks/branches.

The IFSC system is only for domestic transactions thus every bank branch in India irrespective of whether they are public sector, private sector or foreign banks will have an IFSC Code that acts as a unique identifier for the bank branch.

In case of overseas remit systems, the international standard continues to be the SWIFT code, which is often not branch specific.

International Bank Account Number integration

  • Although the integration may be a complicated technical process for the financial institutions, it is expected that India will integrate the IBAN system by the end of 2016. 
  • More detailed description of the IBAN structure for the upcoming integration can be found on each bank's official website.

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75th Golden Globe Awards - 2018

  • Formed by a group of writers, Hollywood Foreign Press Association created a generously distributing award called Golden Globe Awards, in 1943.
  • These awards are accolades bestowed to those excelling in film and television, both domestic and foreign. 
  • It is an annual ceremony at which the awards are presented, making it the major part of the film industry's awards season and playing an important role in marketing.


  • Best Motion Picture, drama :- Three Billboards Outside Ebbing, Missouri.
  • Best Director, motion picture :- Guillermo del Toro, The Shape of Water.
  • Best Performance by an actress in a motion picture, drama :- Frances Mcdormand, Three Billboards Outside Ebbing, Missouri.
  • Best Performance by an actor in a motion picture, drama :- Gary Oldman, Darkest Hour.
  • Best performance by an actress in a supporting role in any motion picture :- Allison Janney, I, Tonya.
  • Best performance by an actor in a supporting role in any motion picture :- Sam Rockwell, Three Billboards Outside Ebbing, Missouri.
  • Best Motion Picture, animated :- Coco.
  • Best original song, motion picture :- This Is Me - The Greatest Showman.
  • Best television series, drama :- The Handmaid's Tale, Hulu.
  • Best performance by an actress in a television series, drama :- Elisabeth Moss, The Handmaid's Tale.
  • Best performance by an actor in a television series, drama :- Sterling K. Brown, This Is Us.
  • Best performance by an actress in a supporting role in a series, limited series or motion picture made for television :- Laura Dern, Big Little Lies.
  • Best performance by an actor in a supporting role in a series, limited series or motion picture made for television :- Alexander Skarsgard, Big Little Lies.


Banking Abbreviations

  • ADB - Asian Development Bank.
  • ADTV - Average Daily Trading Volume.
  • AMEX - American Express.
  • CMP - Current Market Price.
  • BIS - Bank for International Settlements.
  • BOI - Bank of India.
  • BOP - Balance of Payments.
  • CC - Cash Credit.
  • CD - Certificate of Deposit.
  • CD Ratio - Credit Deposit Ratio.
  • CDBS - Committee of Direction on Banking Statistics.
  • CBS - Challan Core Banking Solution.
  • NEFT - National Electronic Fund Transfer.
  • FDI - Fixed Deposit Income.
  • UIC - Unique Identification Code.
  • EXIM Bank - Export Import Bank of India.
  • IDBI - Industrial Development Bank of India.
  • IIBI - Industrial Investment Bank of India.
  • LAS - Loan & Advances by States.
  • LBD - Land Development Bank.
  • LBS - Locational Banking Statistics.
  • LIC - Life Insurance Corporation of India.
  • HDFC - Housing Development Finance Corporation.
  • CCB - Central Co-operative Bank.
  • RBI - Reserve Bank of India.
  • FFA - Federal Financial Assistance.
  • FFB - Federal Financing Bank.
  • FRB - Federal Reserve Bank.
  • PEP - Personal Equity Plans.
  • CBS - Consolidated Banking Statistics.
  • IBS - International Banking Statistics.
  • CBI - Common Bank of India.
  • CBI - Central Banking Institution.
  • CBI - Central Bank of India.
  • RBI - Regional Bank of India.
  • RBI - Rural bank of India.
  • UTI - Unit Trust of India.
  • IBA - Indian Bank Association.
  • AML - Anti Money Laundering.
  • BBR - Bank Base Rate.
  • BIS - Bank Of International Settlements.
  • EMI - Equated Monthly Installment.
  • SCB - Scheduled Commercial Bank.
  • SDS - Special Deposit Scheme.
  • SLR - Statutary Liquidity Ratio.
  • STD - Short Term Deposit.
  • ECB - External Commercial Borrowing.
  • PCARDB - Primary Cooperative Agriculture and Rural Development Bank.
  • PF - Provident Fund.
  • SCB - State Cooperative Bank.
  • SCB - Scheduled Commercial Bank.
  • UBB - Uniform Balance Book.
  • UBD - Urban Banks Department.
  • UCB - Urban Cooperative Bank.
  • UCN - Uniform Code Number.
  • WPI - Wholesale Price Index.
  • ECD - European Central Bank.
  • IIBM - Indian Institute of Bank Management.
  • IIFCL - India Infrastructure Finance Company Limited.
  • IIFT - Indian Institute of Foreign Trade.
  • IIP - Index of Industrial Production.
  • KYC - Know Your Customer.
  • TIEA - Tax Information and Exchange Agreement.
  • NDSAP - National Data Sharing and Accessibility Policy.
  • NCMC - National Common Mobility Card.
  • MEDP - Multinational Design Evaluation Progrrame.
  • DRT - Debt Recovery Tribunals.
  • IFSC - Indian Financial System Code.



Atal Mahaaphan Vikas Abhiyan

Announced Year :- 2017.

Launched By :- The Maharashtra state government.

Inaugurated By :- Shri Devendra Fadnavis, the Chief Minister of Maharashtra government.


  • Atal Mahaaphan Vikas Abhiyan is named after former Prime Minister Shri Atal Bihari Vajpayee and a reason behind launching scheme is that cooperative sector is facing a crisis of funding. 
  • This new scheme will not only benefit cooperative sectors but also assist and promote many other weaker sections because in rural area cooperative sectors play an important role in development. So, it is the backbone of the provincial economy. 
  • This new scheme will strengthen and encourage pastoral area and it will create employment opportunity which leads to income generation. 
  • Atal Mahaaphan Vikas Abhiyan will also give assistance to the women self-help group and agriculture community to earn income and create job possibility for others. 
  • This scheme will boost the rural community and bring the standard of living up. 
  • The Maharashtra state government has launched a new scheme Atal Mahaaphan Vikas Abhiyan to improve the life of farmers and women in a state, the state government will grant a handful of a fund to start a new business. 
  • The state government will aim to attract more private organizations to offer fund and promote the agricultural sector. 
  • This scheme is an effort to sustain and nurture the rural sector by improving the productivity.

Aim Of This Scheme 

The main aim of this scheme is to double the income of farmers by the financial year 2022.

Motive Of This Scheme

To increase the standard of living of farmers and women in the rural area. It also aims to inspire and assist young blood to take an initiative to set up new business. And all this leads to bring status up of a rural community.

Objective Of This Scheme

  1. To support and promote non-banking business in a state.
  2. To help and give financial support to cooperative communities to start a new business.
  3. To encourage, assist and supervise young entrepreneurs.

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Lok Sabha Passes Insolvency And Bankruptcy Code Amendment Bill

  • The Lok Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2017, which disqualifies wilful defaulters and existing promoters from bidding for stressed assets of companies undergoing insolvency proceedings.
  • The high levels of NPA at present are due to window dressing and due to evergreening of loans. 
  • This situation has arisen because loans were restructured and not classified as NPAs. 
  • The problems were shoved under the carpet and these came to light because of the asset quality review initiated by RBI in 2015. 
  • Importantly, the bill replaces an ordinance that was brought in last month seeking to bar wilful defaulters, defaulters whose dues had been classified as non-performing assets (NPAs) for more than a year and all related entities of these firms from participating in the resolution process.

China Launches World's Largest Human Genome Research Project

  • The world's largest human genome research project of 100,000 people was launched by China to document their genetic makeup for a study that aims to help generate the precision medicines of the future. 
  • It is the country's first large project detecting the genetic links between health and sickness and will involve 100,000 people from different ethnic backgrounds and regions.
  • The project includes four stages - collecting, sequencing gene samples, gathering the data and sharing the findings.

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Negotiable Instruments Act, 1881

Negotiable Instruments Act, 1881 is an act in India dating from the British colonial rule, that is still in force largely unchanged.

An Act to define and Law relating to negotiable instruments which are Promissory Notes, Bills of Exchange and cheques.

Enacted By :- Imperial Legislative Council (India).

Date enacted :- 9 December 1881.

Date commenced :- 1 March 1882.

History :-

  • The Act was originally drafted in 1866 by the 3rd India Law Commission and introduced in December, 1867 in the Council and it was referred to a Select Committee.
  • Objections were raised by the mercantile community to the numerous deviations from the English Law which it contained. 
  • The Bill had to be redrafted in 1877. 
  • After the lapse of a sufficient period for criticism by the Local Governments, the High Courts and the chambers of commerce, the Bill was revised by a Select Committee. 
  • In spite of this Bill could not reach the final stage. 
  • In 1880 by the Order of the Secretary of State, the Bill had to be referred to a new Law Commission. 
  • On the recommendation of the new Law Commission the Bill was re-drafted and again it was sent to a Select Committee which adopted most of the additions recommended by the new Law Commission. 
  • The draft thus prepared for the fourth time was introduced in the Council and was passed into law in 1881 being the Negotiable Instruments Act, 1881 (Act No.26 of 1881).

Main Types of Negotiable Instruments are :-

  1. Inland Instruments.
  2. Foreign Instruments.
  3. Bank Draft.

The Important Definitions Of The Act Are :-

  • Promissory Note :-

A "promissory note" is an instrument in writing (not being a bank-note or a currency-note) containing an unconditional undertaking, signed by the maker, to pay a certain sum of money only to, or to the order of, a certain person, or to the bearer of the instrument.

  • Bill of exchange :-

A "bill of exchange" is an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to, or to the order of, a certain person or to the bearer of the instrument.

  • Cheque :-

A cheque is bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand and it includes the electronic image of a truncated cheque and a cheque in the electronic form.

  • Negotiable instrument :-

A Negotiable Instrument means a promissory note, bill of exchange or cheque payable either to order or to bearer.

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