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WTO TRADE FACILITATIONAGREEMENT (TFA) COMES INTO FORCE

For Trade & Sustainable Development...

A major milestone for the global tradingsystem was reached on February 22, 2017when the first multilateral deal concludedin the 21 year history of the WorldTrade Organisation (WTO) enteredinto force. In receiving four moreratifications for the Trade FacilitationAgreement (TFA) in goods, the WTOhas obtained the two-third acceptanceof the agreement from its 164members needed to bring the TFA intoforce.

BACKGROUND The TFA in Goods is the WTO’s first-evermultilateral accord that aims to simplify customsregulations for the cross-border movement of goods.After nearly 10 years of talks, WTO Membersconcluded the negotiations on the WTO TradeFacilitation Agreement at the Ninth MinisterialConference held in Bali (Indonesia) in December,2013.On November 27,2014, the Protocol of Amendmentthat will insert the Agreement on Trade Facilitationinto the WTO Agreement was officially adopted andopened for acceptance by Members.

ABOUT THE AGREEMENTTrade Facilitation Agreement (TFA) is a trade protocol aiming to give a spur and do away with the stumblingblocks in doing international trade between variouscountries. The entry into force of this agreement, which seeks toexpedite the movement, release and clearance of goodsacross borders, launches a new phase for tradefacilitation reforms all over the world and creates asignificant boost for commerce and the multilateraltrading system as a whole.n The agreement includes provisions for Lowering

import tariffs and agricultural subsidies. n It will make it easier for developing countries to trade

with the developed world in global markets. n Developed countries would abolish hard import quotas

on agricultural products from the developing world andinstead would only be allowed to charge tariffs onamount of agricultural imports exceeding specific limits.

n It aims to streamline, simplify, standardise and easecustoms procedures and norms. It will help to cut trade costs around the world.

n It aims to reduce red-tapism to facilitate trade byreforming customs bureaucracies and formalities.

BENEFITS OF THEAGREEMENT

The implementation of the TFA inGoods has the potential to create` 1 trillion worth of globaleconomic activity and tradewhich may add 21 million newjobs and lower the cost of doinginternational trade by 10 to 15%.

The TFA will help India’s ongoing reforms to bring in simplification

and enhanced transparency in crossborder trade in goods. It will further

help India to boost economic growth byreducing trade costs and supporting its

integration into the global economy.

TECHNICAL ASSISTANCE AND CAPACITYBUILDINGTechnical assistance for trade facilitation is provided by the WTO,WTO members and other intergovernmental organisations,including the World Bank, the World Customs Organisation andthe United Nations Conference on Trade and Development(UNCTAD). In July 2014, the WTO announced the launch of theTrade Facilitation Agreement Facility, which will assist developingand least-developed countries in implementing the TradeFacilitation Agreement. The Facility became operational with theadoption of the Trade Facilitation Protocol on November 27, 2014.

INDIA’S STANDIndia has ratified the TFA of the WTO and the instrument ofacceptance for trade facilitation agreement was handed over toWTO Director-General by India on April 22, 2016. India is the76th WTO member to accept the TFA. TFA will help inimproving border procedures, and also help further India to boosteconomic growth by reducing trade costs, improve trade flows andreap benefits from international trade. India is pitching for thisagreement as the services sector contributes about 60% to its GDPand accounts for 28% of the total workforce.

TFS AGREEMENT Recently, India submitted a legally vetted proposal on TradeFacilitation in Services (TFS) agreement, a global services pact onthe lines of the TFA in Goods to the WTO. Now the proposal forTFS Agreement will be taken up by an expert committee at theWTO headquarters in Geneva (Switzerland) and later it will be put up for discussion among all the WTO members. It aims to easenorms for movement of skilled workers across borders forshort-term work, ensure portability of social security contributions, single window mechanism for foreign investment approvals andcross-border insurance coverage to boost medical tourism.

GuruBankin April 20174

The Ministry of Minority Affairs organised second edition of ‘HunarHaat’ with the theme ‘Craft Aur Cuisine Ka Sangam’ from February 11 to 26, 2017 at State Emporia Complex, Baba Kharak Singh Marg,Connaught Place, New Delhi. ‘Hunar Haat’ was aimed at encouraging,promoting and providing national and international market toartisans/craftsmen belonging to the Minority communities. This ‘Hunar Haat’ was unique in the sense that it showcased crafts with the traditional cuisines brought from different parts of the country.‘Hunar Haat’ is being organioed through National MinoritiesDevelopment & Finance Corporation (NMDFC) under Upgrading the Skills & Training in Traditional Arts/Crafts for Development(USTTAD) scheme of Ministry of Minority Affairs. 

AIM OF THE HAAT‘Hunar Haat’ was aimed at providing opportunity and a platform under one roof to artisans & craft persons of Minority communities, todemonstrate, showcase and sell their products. The selected artisansincluded several Awardees from 5 Minority communities representingas many as 23 States. More than 500 applications of artisans & culinary experts were received covering 24 States. A total of 100 artisans and 30 culinary expertsparticipated at about 130 stalls in the second ‘Hunar Haat’, which alsohad Bawarchikhana where various cuisines from different parts of thecountry were showcased.

Highlights of the EventFor the first time in this exhibition very exquisitepieces of Handicraft & Handloom work likeMakrana Marble products, Bandhej from Sikar,Mojri from Rajasthan, Banjara Embroidery fromTelangana, Handmade Locks & Door Handlesalong with Phool Patti works from Aligarh,Cocoon decorated products from Nagaland,Mizoram Traditional Crafts, etc were showcasedand sold. Different cuisines from 13 ¡tates were beingbrought by culinary experts for this second‘Hunar Haat’. The culinary items includesAwadhi Mughlai foods from Lucknow, Dal BatiChurma & Thali from Rajasthan, Sandesh &Rasogolla from West Bengal, Malabari food fromKerala, Litti Chokha of Bihar. 

About USTTAD Scheme USTTAD stands for Upgrading the Skills &Training in Traditional Arts/Crafts forDevelopment. It was launched by the UnionMinistry of Minority Affairs. The scheme aims atpreserving and promoting the rich heritage of thetraditional arts & crafts of the Minoritycommunities. In the light of globalisation &competitive market, these crafts have graduallylost their employability. It also envisages atboosting the skill of craftsmen, weavers andartisans who are already engaged in the traditionalancestral work.

HUNAR HAAT AND BUDGETThe Minister of State for Minority Affairs(Independent Charge), Shri Mukhtar AbbasNaqvi has said that the Union Budget (General)2017-18 will be helpful in socio-economic-educational empowerment of Minorities. Budget of Minority Affairs Ministry has beenincreased to ` 4195.48 crore for 2017-18. TheCentral government’s focus is on educational andskill development of Minorities. The Minister of Minority Affairs further statedthat more than ` 2600 crore have been providedfor various scholarships and skill developmentschemes such as ‘Seekho aur Kamao’, ‘NaiManzil’, ‘Nai Roushni’, ‘Usttad’, ‘Garib NawazSkill Development Centre’ and ‘Begum HazratMahal Scholarship for Girls ` 22 crore has beenallocated for USTTAD schemeE which aims topromote and provide national-internationalmarkets for traditional arts of the Minoritycommunities.

HUNAR HAAT 2017 ORGANISED Rajasthan Dominated...

Banking &EconomicAnalysis

CURRENT AFFAIRS

INDIA TO REMAIN FASTESTGROWING ECONOMY AMONGG-20 NATIONSMoody’s Investors Service report released onFebruary 23, 2017 states that despite the currencydemonetisation drive by government of India, thecountry will continue to be the fastest growing economyamong G-20 countries in 2017.As per the report titled Modest Acceleration in theGlobal Economy, but Shifting US Policies InjectUncertainty, India is expected to have thefastest-growing economy among all G-20 countries withgrowth rate at 7.1% for 2017, though lower ascompared to previous expectation of 7.5%.With respect to the global growth, G-20 countries areexpected to have a growth rate of 3% in 2017 and 2018from 2.6% in 2016. The report also observed thatChina’s economy of 6.7% in 2016 may continue todecelerate to 6.3% and 6% in 2017 and 2018,respectively.The G20 includes the developing nations, includingChina, Brazil, India and Russia. Together thesecountries represent two-thirds of the world’s people, and 85% of the its economy.

NCAER LOWERED INDIA’S GDPGROWTH FORECASTAn economic think-tank, National Council of AppliedEconomic Research (NCAER) has lowered India’s GDPgrowth to 6.9% for the fiscal 2016-17 compared toprevious estimation of 7.6%. The decline in the growthforecast is based on the demonetisation effect.According to NCAER, the growth rate would reboundto 7.3% for 2017-18. Besides, it also predicted the Gross Value Added (GVA) at basic price would grow at 6.3%in 2016-17 and 7% in 2017-18.Real Agriculture GVA is estimated to grow at 3.7%,Real Industry GVA at 5.5% and Real Services GVA at7.3% in 2016-17. Wholesale Price Index (WPI)inflation is projected at 3.6% for 2016-17. However, the inflation is projected to accelerate in 2017-18 due torising crude oil inflation. National Council of AppliedEconomic Research (NCAER) is a non-profit think-tank of economics. It was established in 1956.

GVAGVA IS THE MEASURE OF THE VALUE OF GOODS AND SERVICES

PRODUCED IN AN AREA, INDUSTRY OR SECTOR OF AN ECONOMY, IN

ECONOMICS. IN NATIONAL ACCOUNTS, GVA IS OUTPUT MINUS

INTERMEDIATE CONSUMPTION; IT IS A BALANCING ITEM OF THE

NATIONAL ACCOUNTS’ PRODUCTION ACCOUNT.

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ABBREVIATIONSAFI Annual Financial Inspection

BIRD Bankers Institute of Rural Development

BPLR Benchmark Prime Lending Rate

CAD Capital Account Deficit

CDR Corporate Debt Restructuring

CIBIL Credit Information Bureau of India Limited

EFSF European Financial Stability Facility

FINO Financial Inclusion Network Operation

FIPB Foreign Investment Promotion Board

FPI Foreign Portfolio Investment

FSLRC Financial Sector Legislative Reforms Commission

INFINET Indian Financial Network

LCR Liquidity Coverage Ratio

PSLV Polar Satellite Launch Vehicle

QFI Qualified Foreign Investors

REIT Real Estate Investment Trust

SWOT Strength, Weaknesses, Opportunities and Threats

TAPI Turkmenistan-Afghanistan-Pakistan-India

TIN Tax Information Network

FDI INFLOW INCREASED BY 18% TO$ 46 BILLION IN 2016According to data released by the Department of Industrial Policy andPromotion (DIPP), India attracted $ 46 billion Foreign Direct Investment(FDI) in 2016. It shows that, India’s FDI grew by 18% in 2016 as comparedto $ 39.32 billion FDI inflows in 2015.The main sectors which attracted the highest FDI inflows included services,telecom, trading, computer hardware and software and automobile. Bulk ofthe FDI came in from Singapore followed by Mauritius, the Netherlandsand Japan.To attract inflow of foreign investments, the central government hasannounced several measures including liberalisation of FDI policy andimprovement in business climate. In the Budget 2017-18, Finance Ministerfurther announced relaxation of foreign investment norms and also abolishedForeign Investment Promotion Board (FIPB).

INDIA’S GDP PROJECTED TO SLOW TO 6.6% IMFThe International Monetary Fund (IMF) come up with India’s growthprojection which predicted slow 6.6% in 2016-17 fiscal due to ‘temporarydisruptions’ caused by demonetisation.The IMF has noted that demonetisation would have only short term impacton the economy and it would bounce back to its expected growth of morethan 8% in the next few years.The IMF indicated in its annual country report on India mentioned thatgrowth is projected to slow to 6.6% in FY2016-17, then rebound to 7.2% inFY2017-18, due to temporary disruptions, primarily to private consumptionas a result of cash shortage.

CBEC LAUNCHED MOBILE APP FOR GSTThe Central Board of Excise and Customs (CBEC) has launched a mobileapplication for Goods and Services Tax (GST) to inform the taxpayers of thelatest updates on GST among others.Taxpayers can also provide feedback and contact CBEC’s 24×7 helpdesk‘CBEC Mitra’ through a toll-free number or email, at the touch of a button.GST app will provide the information liken Migration to GST-Approach and guidelines for migration.n Draft Law-Model GST Law, IGST Law and GST Compensation Law.n Draft Rules-Rules related to Registration, Returns, Payment, Refund and Invoice.n Frequently Asked Questions (FAQs) on GST.n Various resources on GST such a videos, articles etc.n Related Website Links and Helpdesk/Email Contact.

CBECTHE CBEC IS THE NODAL NATIONAL AGENCY RESPONSIBLE FOR ADMINISTERING CUSTOMS,

CENTRAL EXCISE, SERVICE TAX & NARCOTICS IN INDIA. THE CUSTOMS & CENTRAL EXCISE

DEPARTMENT WAS ESTABLISHED IN THE YEAR 1855.

EPFO INTRODUCED SINGLE PAGECOMPOSITE CLAIMEmployees’ Provident Fund Organisation (EPFO), the retirement body ofIndia, on February 21, 2017 introduced single page composite claim form.The form will allow its subscribers to withdraw money from their PF accountat an ease. Earlier, employees/subscribers were supposed to fill and submitthree different forms to EPFO for withdrawing provident fund for differentpurposes. EPFO made UAN mandatory for all employers under EmployeeProvident Fund Act, 1952.

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Terms for You

BANKRUPT A bankrupt person, firm, or corporation has insufficient assets tocover their debts. The debtor seeks relief through a Court proceeding to work outa payment schedule or erase debts. Insome cases, the debtor must surrendercontrol of all assets to aCourt-appointed trustee.

ELECTRONIC FUNDS TRANSFER(EFT) The transfer of money betweenaccounts by consumer electronicsystems, such as Automated TellerMachines (ATMs) and electronic payment of bills, rather than by check or cash.Wire transfers, checks, drafts, and paperinstruments do not fall into this category.

MORTGAGE A debt instrument used in a real estate transaction where theproperty is the collateral for the loan. Amortgage gives the lender a right to take possession of the property if theborrower fails to pay off the loan.

REVENUE RECEIPT/EXPENDITURE Allreceipts and expenditure that in generaldo not entail sale or creation of assetsare included under the revenue account.On the receipts side, taxes would be themost important revenue receipt. On theexpenditure side, anything that does notresult in creation of assets is treated asrevenue expenditure. Salaries, subsidiesand interest payments are goodexamples of revenue expenditure.

EDUCATION CESS It is a tax in Indiaordered to help cover the costs ofgovernment-sponsored programmes. The cess was levied in 2004. Although, therate is assessed at 2% of income, it iscollected independently of other taxesand applies to all Indian citizens andcorporations as well as anyone livingin India.

SURCHARGE A fee or other chargethat is added to the cost of a good orservice. A surcharge is typically added to an existing tax, and may not be included in the stated price of a good or service.It may be a temporary measure to defray the cost of increased commodity pricing, such as with a fuel surcharge, or it maybe permanent. A surcharge does nothave to be imposed by the government.

CAPITAL EXPENDITURE Capitalexpenditure occurs when a businessgets a long term advantage due to thatexpenditure. It is usually incurred foraccusation of an asset. Theseexpenditures do not occur in the regularday to day transactions of the business.

Features of the single page composite claim formn The form does not require employers’ attestation,

but the facility will be applicable only for thosesubscribers whose aadhaar number and bankaccount details are seeded with their UniversalAccount Number (UAN).

n Subscribers who want to seed aadhaar and bankdetails with their Universal Account Number willhave to fill a new composite claim form, whichreplaces the existing forms 19, 10C and 31 forling claims. The new single-page form can besubmitted with the attestation of employers. EPFO announced to provide Universal Account Numberfrom October, 2014.

n The EPFO has also done away with the practice ofling utilisation certificates for advances taken fromtheir PF accounts. The subscribers can submit theself-utilisation certificate. However, in cases ofwithdrawn for medical purposes, the subscriber will have to submit a doctor’s certificate.

This composite form will enable the Employees’Provident Fund account holders, which is morethan 8 crore in number, to withdraw PF withoutsubmitting evidential documents.

GVA GROWTH TO DECLINE TO 6.2% IN Q3 ICRAGuragon-based Domestic rating agency ICRAreported that the Gross Value Added (GVA) is setto slip to 6.2% in the 3rd quarter from 6.9% andGDP growth will decline to 6.5% from 7.2%.Services sector is expected to ease to 8% from9.1% in line with moderation in fuel demandfollowing the note ban. Industrial growth is set to more than half to 4% from 8.6%, led bymanufacturing, construction and miningand quarrying.The annual growth of systemic deposits improved to 15.2% as of December 23, 2016 from 10.2%.ICRA was a joint-venture between Moody’s andvarious Indian commercial banks and financialservices companies.

GST COUNCIL APPROVED LAWTO COMPENSATE STATESThe GST Council approved a law to compensateStates for any loss of revenue from theimplementation of the Goods and Service Tax(GST) in the first five years, on February 18,2017 at the 10th GST Council Meet at Udaipur.The compensation bill will be taken toParliament in 2nd half of Budget Session to beheld from March 9, 2017. The next meeting ofthe council will be held on March 4-5, 2017 atNew Delhi and will aim to approve the draft laws on Central GST, Inter State GST as well as StateGST. The GST will replace central andState taxes.

NCS AND JEEVAN PRAMAN FACILITY FOREPFO PENSIONERS LAUNCHEDThe Union Minister of State for Labourand Employment Bandaru Dattatreyalaunched the National Career Service(NCS) for youths and Jeevan Pramanfacility to EPFO pensioners through Post Offices at DakSadan in Hyderabad onFebruary 12, 2017.The Post Offices will serve as anEmployment Registration Centres for Unemployed rural youth onbehalf of the ‘National Career Service’ portal where youths can registerthemselves for employment in 155000 post offices established across thecountry for over 3000 occupations offered under 52 sectors in NCS.The Centre aims to provide employment to five crore people over nextfive years. Besides, the EPFO pensioners can also submit their Digital LifeCertificate (Jeevan Praman) through the Head Post Offices. This will alsobenefit the EPFO pensioners to avail the facility at their doorstep.National Career Service (NCS) project is an initiative launched by theMinistry of Labour and Employment (India) government of India as aMission Mode Project for establishing quick and efficient career relatedservices. It was launched by Prime Minister Narendra Modi on July 20,2015 as part of government’s focus on providing right skills andgenerating employment.

POST-DEMONETISATION INDUSTRIALPRODUCTION CONTRACTS 0.4%As per the data released by the Central Statistics Office on February 10,2017, India’s industrial output contracted by 0.4% in December, 2016 ascompared to previous year due to demonetisation. In November, 2016,the Index of Industrial Production (IIP) grew 5.7% recording a 13-monthhigh growth as against a contraction of 1.8% in the previous month.The data showed that mining and electricity output grew 5.2% and6.3% respectively in December, 2016 as compared to 4% and 9%,respectively in the previous month while manufacturing contracted by2% in December, 2016 as compared to 5.5% in November.Capital goods also contracted by 3% in December, 2016. However, theimpact of demonetisation was clearly visible from the 5% contraction inproduction of consumer non-durables and 10.3% fall in production ofdurables, signalling that consumption demand in both rural and urbandemand has been impacted.

REVENUE INSURANCE SCHEME FORPLANTATION CROPSThe Union Ministry of Commerce under Nirmala Sitharaman hasapproved the pilot Revenue Insurance Scheme for Plantation Crops(RISPC) on February 8, 2017 to protect the growers of plantation cropsfrom the twin risks. Firstly, the risks of yield loss due to adverse weatherparameters, pest attacks etc and secondly income loss caused by fall ininternational/domestic prices.The Revenue Insurance Scheme for Plantation Crops (RISPC) is animproved version of Price Stabilisation Fund (PSF) Scheme, 2003 which was closed on September 30, 2013. The RISPC will be implemented ona pilot basis for two years covering tea, coffee, rubber, cardamom andtobacco in eight districts in West Bengal, Kerala, Karnataka, AndhraPradesh, Assam, Sikkim and Tamil Nadu by the commodity boards.

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CBDT SIGNED 4 MOREUNILATERAL ADVANCE PRICING AGREEMENTSThe Central Board of Direct Taxes (CBDT) underthe Department of Revenue entered into 4 moreunilateral Advance Pricing Agreements (APAs) onFebruary 6, 2017 with the tax payers so as toprovide them a certainty regarding transfer pricing.The four APAs signed belong to theManufacturing, Financial and InformationTechnology sectors of the economy.Besides, the international transactions covered inthese agreements include Contract Manufacturing,IT-enabled Services and Software DevelopmentServices. Now, the total number of APAs entered into by theCBDT has reached 130 including 8 bilateral APAsand 122 Unilateral APAs. In the current fiscal year,a total of 66 APAs have been entered into and theCBDT expects more such APAs to be signed beforethe next fiscal starts.

Advance Pricing AgreementAN ADVANCE PRICING AGREEMENT (APA) IS AN

AHEAD-OF-TIME AGREEMENT BETWEEN A TAXPAYER AND A

TAX AUTHORITY ON AN APPROPRIATE TRANSFER PRICING

METHODOLOGY (TPM) FOR A SET OF TRANSACTIONS AT ISSUE

OVER A FIXED PERIOD OF TIME (CALLED

‘COVERED TRANSACTIONS’).

UD MINISTRY APPROVEED ATAL MISSION PLANS OF 6 MORESTATESThe Ministry of Urban Development (UD) hasapproved in one go investments in 6 States onFebruary 3, 2017 for improving basic urbaninfrastructure over the next 3 financial years i.e.,2017-20 under Atal Mission for Rejuvenation andUrban Transformation (AMRUT).A total investment of ` 2863 crore has been clearedin 42 mission cities in these six States with a centralassistance of ` 1432 crore for providing water tapsto all urban households besides increasing watersupply to the normative 135 litres per head per day, improving sewerage and drainage networks,promoting non-motorised transport anddevelopment of parks and green spaces.Details of investments to be made over the nextthree fiscals are—Karnatata–` 2070 crore with acentral assistance of ` 955 crore, Jharkhand–` 555crore in 7 cities with central assistance of ` 262crore, Himachal Pradesh–` 115 crore with centralassistance of ` 103 crore, Arunachal Pradesh–` 53crore with central assistance of ` 47 crore,Nagaland–` 45 crore with central assistance of ` 41crore and Puducherry–` 24 crore with centralgovernment funding the whole project expenditure.

FRESH IMPETUS TO EMPLOYMENTGENERATION IN TEXTILE SECTORThe government has announced a special package of reforms forgeneration of around 1.11 crore jobs in apparel and made-ups sectors, and for a cumulative increase of $ 32.8 billion in exports andinvestment of ` 80630 crore over next 3 years.The package includes a slew of measures which are labour-friendlyand would promote employment generation, economies of scale andboost exports. The above information was given by the UnionTextiles Minister, Smriti Zubin Irani on February 3, 2017, in awritten reply to a Lok Sabha question.Moreover, the government is providing additional production-linkedincentive of 10% under the Amended Technology UpgradationScheme (ATUFS), for promoting employment in garmentingsegment. Furthermore, the government has designed Pradhan MantriParidhan Rojgar Protsahan Yojana (PMPRPY) to incentiviseemployers in the apparel sector for generation of new employment.Under the PMPRPY, government provides additional 3.67% of theemployer’s contribution, in addition to government bearing 8.33% of employer contribution of Provident Fund (EPF). The special packagehas been extended to made-ups sector to provide additional impetusto employment generation.

STEPS TAKEN FOR WELFARE OFJUTE WORKERSIn order to assess the living conditions of jute workers, a study on theSocio-Economic Conditions of Jute Mill Workers was conducted in2015-16 by National Jute Board (NJB). The findings of the study,inter alia, indicate that 96.4% workers have electricity in their houses;that 91% of the families have piped water supply; that 99% of theworkers have access to toilets; and that the mill workers have healthcoverage under ESI. The information was given by the Union Textiles Minister, Smriti Zubin Irani, in a written reply to a Rajya Sabhaquestion on February 3, 2017.The government of India provides an assured market to the jute sector under the Jute Packaging Materials Act (JPM), 1987. Under this Act,government has mandated that 90% of foodgrains and 20% of sugarbe packed in jute bags.The annual subsidy for this amounts to ` 5500 crores approximately.Apart from this, the National Jute Board (NJB) has beenimplementing several measures for the benefit of workers, artisans and small producers and for promotion of the jute industry.

DIRECT TAX PROPOSALS OFCENTRAL GOVERNMENTThe Union Budget 2017 was laid before the Parliament by theHon’ble Finance Minister of India on February 1, 2017.The salient features of Direct Tax proposals are summarised below

Affordable HousingThree concessions in the scheme of Income Tax exemption foraffordable housing(a) Area of 30 and 60 sq m to be counted as carpet area and not

built-up area.(b) 30 sq m only in 4 metropolitan city limits and 60 sq m for the rest of

the country.(c) Completion period extended from 3 years to 5 years.

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6TH BI-MONTHLY MONETARYPOLICY REVIEW RELEASEDThe Monetary Policy Committee (MPC) of theReserve Bank of India (RBI) headed by the RBIGovernor Urjit Patel has kept the key policy ratesunchanged. It was central bank’s sixth bi-monthly andlast policy for the financial year 2016-17 and overallthe third by the MPC.All six members of the MPC voted in favour of holding rates. Besides, the RBI also changed its stance fromaccommodative to neutral. It also lowered GDP growth forecast for the current fiscal to 6.9%. However theapex bank expects a rebound in GDP growth to 7.4%in 2017-18.

Policy Ratesn Repo rate under the Liquidity Adjustment Facility

(LAF)— Unchanged at 6.25%.n Reverse repo rate under the LAF—Unchanged at 5.75%.n Marginal Standing Facility (MSF)—Unchanged at 6.75%.n Bank Rate—Unchanged at 6.75%.n Reserve Ratios Cash Reserve Ratio (CRR) of scheduled

banks—Unchanged at 4.0% of Net Demand and TimeLiability (NDTL).

n Statutory Liquidity Ratio (SLR)—Unchanged 20.50%.

RBI DIRECTED BANKS TOWAIVE-OFF TRANSACTIONSCHARGES AND INTEREST RATEThe Reserve Bank of India (RBI) has directed banks on February 3, 2017 to waive-off transaction charges andlower interest rates on credit cards as a move toencourage digital transaction. The RBI has decided that customers would not be levied any charges by banksand prepaid payment instrument issuers fortransactions up to ` 1000 settled on ImmediatePayment Service (IMPS), Unstructured Supplementary Service Data (USSD) and Unified Payments Interface(UPI) till March 3, 2017.It has also directed banks to lower the interest on credit card dues. Interest rates are determined by banks withthe approval of their respective Board of Directorssubject to regulatory guidelines on the interest rate onadvances issued by the RBI from time to time.

Transaction settled on IMPS and UPI above ` 1000 would not belevied any fee charge however the service tax will be charged atactual. For USSD transactions above ` 1000 a further 50 paisediscount is provided. Credit card, debit card, charge card andother payment card services by banks have been exempted frompayment of service tax for transactions of up to ` 2000.The credit and debit cards outstanding for the last three years isplaced below (in millions)

2013-14(As at the

end ofMarch 31,

2014)

2014-15(As at the

end ofMarch 31,

2015)

2015-16(As at the

end ofMarch 31,

2016)

2016-17(As at the

end of Dec.31, 2016)

Credit CardsOutstanding (Public Sector Banks)

3.85 4.31 5.05 5.55

Total Credit CardOutstanding

19.18 21.11 24.51 28.09

Debit CardsOutstanding (Public Sector Banks)

315.97 459.63 548.5 627.81

Total Debit CardOutstanding

394.42 553.45 661.54 751.73

Total CardsOutstanding

413.6 574.56 686.04 779.83

RBI ALLOWS NRIS ACCESS TOETCD MARKETThe Reserve Bank of India (RBI) on February 2, 2017 permittedthe NRIs to have access to the Exchange Traded CurrencyDerivatives (ETCD) market. This will enable the NRIs to hedgethe currency risk due to making investment in India. Till dateNRIs were allowed to hedge their currency risk throughOver-The-Counter (OTC) transaction with the Authorized Dealer (AD) banks.Access to ETCD market will provide them an additional hedgingoption though subjected to certain conditions. Firstly, NRIswould have to nominate a bank that will monitor and report theposition of the NRI concerned in the OTC and ETCD segments.Besides, NRIs may hedge currency risk on balances held in NREaccount, market value of their permissible limit of rupeeinvestment in debt and equity as allowed under FEMA 1999 andany dividend due.The NRIs would be liable to maintain the permissible limit ofinvestment. If the magnitude of exposure will exceed the limit,NRIs would be liable for penal action by the RBI.

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Agreement/Pact/DealBetween Related Facts

India and AsianDevelopment Bank (ADB)(February 27, 2017)

• India and Asian Development Bank (ADB) has signed $ 375 million pact for loans and grants to develop 800 kmVisakhapatnam-Chennai Industrial Corridor. It is the first phase of a planned 2500 km East Coast Economic Corridor.

• ECEC is India’s first coastal economic corridor along eastern coast. It stretches about 2500 km from Kolkata (WestBengal) in the North to Kanyakumari (Tamil Nadu) in the South.

UBI Tied-up with IRCTC(February 25, 2017)

• Public sector banks United Bank of India (UBI) has signed agreement with Indian Railway Catering and TourismCorporation (IRCTC) for railway ticket booking facility. This new facility was available from February 21, 2017.

Foxconn and SoftBank(February 24, 2017)

• Japan’s SoftBank Group Corp (SBG) entered into a definitive agreement with Foxconn Technology Group (Foxconn) ofTaiwan to establish a joint venture through Softbank Group Capital Apac Pte Limited at an estimated cost of $ 1.2 billion.

• Softbank Group Capital Apac Pte Limited is a wholly-owned subsidiary of SBG. The deal is expected to take effect onMarch 1, 2017.

Between Related Facts

Oriental Bank Tied-upwith Chola MS(February 22, 2017)

• Air Haryana-based Oriental Bank of Commerce has signed a corporate agency agreement with Chennai-based generalinsurance provider Cholamandalam General Insurance Company for distribution of insurance products.

• The partnership will benefit our customers and through this ties-up. The insurance products includes motor, health,home and travel.

Bharti Airtel to AcquireTelenor India(February 22, 2017)

• India’s largest domestic telecom operator Bharti Airtel has signed an agreement with Telenor South Asia Investments toacquire Telenor India Communications.

• The amount of the deal is not yet finalised. Telenor’s operations and services will continue as normal, until thetransaction is completed. The transaction is expected to complete within a year.

Britannia Signed MoUwith Greece’s Chipita(February 22, 2017)

• Air Bangalore-based Indian food-products corporation Britannia has signed an MoU with Greece’s cakes andconfectionery major Chipita for exploring certain business opportunities on February 22, 2017.

• This is the first joint venture after Britania’s tie-up with New Zealand’s Fonterra Dairy and and dairy giant Groupe DanoneSA dissolved in 2009.

Nasscom Signed MoUwith ITAC Japan(February 22, 2017)

• The National Association of Software and Services Companies (NASSCOM) has signed a Memorandum ofUnderstandings (MoU) with the IoT Acceleration Consortium (ITAC) Japan.

• Aim To collaborate to address digital technology shifts and accelerate IoT (Internet of Things) adoption at a global levelacross the industry.

Adidas Tied-up with FIFA(February 22, 2017)

• German Sportswear giant Adidas announced its ties-up with FIFA U-17 World Cup Local Organising Committee for the‘Mission XI Million’ programme.

• Adidas will help to reach out to the youth across India to increase participation in football and create a platform for themto develop their skills.

• Aim To encourage the school students to make children play football games on regular basis.

Dish TV with ICICI Bank(February 21, 2017)

• Direct-to-home operator Dish TV joined hands with India’s largest public sector lender ICICI bank for digital payments.The Zee Entertainment groups arm’s initiative will enable customers to do recharge through Unified Payment Interface(UPI) transactions.

• The move will further push the customer base towards digital economy and also aid customers with or without Internetaccess to recharge conveniently.

Telangana GovernmentSigned MoU WithNABARD(February 21, 2017)

• The Telangana government lead by K. Chandrashekar Rao signed an Memorandum of Understandings (MoU) withNABARD for a loan of ` 874 crore.

• This loan will be used for Horticulture Development Corporation to cover 3.15 lakh acres under Micro Irrigation schemefor 2016-17 and 2017-18.

CII Signed MoU withSingapore Trade andBusiness Agencies(February 21, 2017)

• For the first time, Confederation of Indian Industry (CII) has signed a Technology Partnership MoU with two Singaporeagencies International Enterprise (IE) Singapore and the Singapore Business Federation (SBF) to promote expertise inexpanding businesses.

• It is a step in the right direction to building a stronger partnership for expanding businesses.

• It will help build platforms to forge partnerships that connect our small enterprises and startups.

Karnataka Bank SignedMoU with Daimler India(February 20, 2017)

• Magaluru-based Karnataka Bank Limited has signed a MoU with Daimler India Commercial Vehicles Private Limited(DICV) to extend finance to customers for the purchase of commercial vehicles manufactured by the company.

• The deal will benefit the customers belonging to sectors such as Micro, Small and Medium Enterprises (MSMEs) topurchase commercial vehicles.

Microsoft and Flikpkart(February 20, 2017)

• US-based IT giant Microsoft CEO Satya Nadella and Indian electronic commerce company Flipkart Group CEO BinnyBansal has announced a ‘strategic partnership’.

• Aim To provide consumers in the country the best online shopping service. As per the deal, Flipkart, will adoptMicrosoft Azure as its exclusive public cloud platform.

ICAI’s AccountingResearch FoundationSigned Pact withRailways(February 19, 2017)

• According to the agreement accrual accounting will be introduced at 17 Railway zones and 8 production units acrossthe country.

• The pilot project also for introduction of the Accrual based Financial Statement as an additional set of Accounts at NorthWestern Railway at Jaipur and Rail Coach Factory at Kapurthala by ICAI ARF. It is the part of accounting reforms,accrual-based financial statements will be rolled out in Railways by March, 2019.

SBI Tied-up withGreenply(February 18, 2017)

• Mumbai-based SBI has signed Memorandum of Understandings (MoU) with India’s largest interior infrastructurecompany Greenply Industries to grow its channel financing business of Greenply Industries on electronic platform.

• The SBI will extend financial services to Greenply dealers to grow further on a very competitive pricing.

Canara Bank Inked MoUwith HRD Ministry(February 17, 2017)

• Bangalore-based Public sector Canara Bank has signed a Memorandum of Understandings (MoU) with the HumanResource Development (HRD) Ministry to operationalize the Higher Education Financing Agency (HEFA).

• The establishment of the Higher Education Financing Agency (HEFA) was approved by the Union Cabinet inSeptember, 2016.

NALCO Signed MoU with TERI(February 17, 2017)

• Odisha-based National Aluminium Company Limited (NALCO) has signed Memorandum of Understandings (MoU) withThe Energy and Resources Institute (TERI) in New Delhi on February 16, 2017

• Objective Scientific, technological and educational activities in the area of mining rehabilitation.

Tata Motors withMicrosoft(February 16, 2017)

• Tata Motors Limited and Microsoft India entered into strategic agreement on February 16, 2017 to collaborate on thetechnology front for making driving a more personalised experiences for the customers.

• As per the agreement, Microsoft will make use of its Internet of Things (IoT), Artificial Intelligence (AI) and machinelearning technologies to develop a highly personalised, smart vehicle for the customers.

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Between Related Facts

MCX Signed MoU withSingapore DiamondInvestment Exchange(February 16, 2017)

• Mumbai-based Multi Commodity Exchange (MCX) and Singapore Diamond Investment Exchange have signedMemorandum of Understandings (MoU) to explore areas of cooperation.

• Singapore Diamond Investment Exchange (SDiX), headquartered in Singapore, is the world’s first commodity exchangein physically settled diamonds.

IDFC Bank andIndiaLends(February 6, 2017)

• Private sector lender IDFC Bank has collaborated with fintech startup IndiaLends to enable first time borrowers who donot have a credit history to take loans.

• Loan requests by salaried applicants without credit history will now be processed on a real time basis. The uniquesolution is being offered through a tie-up with IndiaLends, a financial technology startup.

Merger/AcquisitionCompany Involved Related Facts

Apple Acquired RealFace(February 20, 2017)

• An American multinational technology company Apple has announced to acquire Israel-based startup ‘RealFace’ for anundisclosed amount on February 20, 2017.

• The amount of the deal will be ‘several million dollars’. This acquisition will help to add facial recognition to theupcoming Apple’s iPhone 8.

Havells India to buy LloydElectric’s(February 17, 2017)

• An electrical equipment company, Havells India has announced to acquire Lloyd Electric & Engineering for its consumer durables business for around ` 1200-1500 crore. Havells India Limited is one of the largest electrical equipmentcompanies in India.

Infibeam to MergeCCAvenue(February 14, 2017)

• Ahmedabad-based India’s first listed ecommerce startup Infibeam has announced to merger agreement with India’slargest payment aggregator company CC Avenue.

• CC Avenue will soon have the Bharat Bill Payments Systems (BBPS) which will facilitate all bill payments for utilities andservices. Infibeam is an Indian internet and e-commerce conglomerate involved in online retailing, e-commerce software and internet services.

Hindustan Motors SoldIconic Ambassador CarBrand to FrenchCompany Peugeot(February 10, 2017)

• CK Birla Group-owned Hindustan Motors have signed a deal with French carmaker Peugeot SA Group on February 10,2017 to sell its iconic Indian car brand ‘Ambassador’ to Peugeot for ` 80 crore.

• The production of Hindustan Ambassador car was discontinued in 2014 as sales dropped continuously and it could notkeep up with the new generation of cars in the Indian market.

Nokia to acquire Comptel(February 9, 2017)

• Paytm Finland multinational communications and information technology company Nokia announced to buy telecomssoftware firm Comptel for € 347 million.

• The aim of the acquisition to help phone carriers manage their networks as mobile b more and more rely on software toimprove their networks.

Google to Sell its SatelliteImaging Company(February 3, 2017)

• Technology giant Google has announced to sell its Terra Bella business which includes a group of SkySat Earthimaging satellites to an imaging startup, Planet Labs. Google had acquired Terra Bella in 2014 for $ 500 million and thattime it was known as Skybox Imaging.

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FIRST TIME COMPETITIONFOR PROMOTION OFCHILD RIGHTSFor the first time after it came in to existencein 2007, the National Commission for Protection of Child Rights (NCPCR) is organising an AllIndia Short Film, Still Photograph and PosterCompetition for promotion of child rights in thecountry on February 2, 2017.The Commission has invited entries from filmmakers, producers, artists and individuals who are Indian citizens of above 18 years of age. However, any Indian citizen irrespective of age canparticipate in the poster competition.The first prize for short films is ` 100000 andsecond & third prize carry cash award of ` 75000& ` 50000, respectively. The cash award for thefirst, second and third prize in still photographand poster competition category are—` 50000,` 30000 and ` 20000.The winners of all categories will be awarded at afunction on the Foundation Day Celebrations ofthe Commission on March 5, 2017 in NewDelhi. The NCPCR is an Indian governmentalcommission, established by an Act of Parliament,the Commission for Protection of Child RightsAct in December, 2005. The Commission beganoperation a year later in March, 2007.

AMITABH KANT INAUGURATED INDIA INNOVATION INDEXThe Indian Policy Think Tank, NITI Aayogtogether with Department of Industrial Policy &Promotion (DIPP) and Confederation of IndianIndustry (CII) has launched a first-of-its-kindonline portal, India Innovation Index in India torank the States on the basis of innovation.The Index has been developed by the Indian sides in consultation with the World Economic Forum, the World Intellectual Property Organisation,Cornell University, OECD, UNIDO, ILO,UNESCO, ITU and others. The portal wasinaugurated by Amitabh Kant, CEO NITI Aayogon February 2, 2017 in New Delhi.The Index would rank Indian States as per theirinnovation capability and provide them necessaryfeedback to build their respective innovationecosystems and further instill innovation spiritamong institutions and people.The index would consider Global InnovationIndex indicators and other India-centric datafrom various States to determine the rankingwhich will be updated periodically. These would enable the international agencies tocollect India’s up to date data points for rankingglobal indices.

IIIT (AMENDMENT) BILL, 2017 APPROVEDThe Union Cabinet approved introduction of the Indian Institutes ofInformation Technology (Amendment) Bill, 2017 in Parliament onFebruary 1, 2017. The Bill seeks to amend the Indian Institutes ofInformation Technology Act, 2014, which defines the status ofInstitutions of National Importance on the IIITs and also provides formatters connected with administering these IIITs.The amended Bill aims to include Indian Institute of InformationTechnology Design and Manufacturing (IIITDM), Kurnool in AndhraPradesh in the Act and declare it as an institute of National Importancewith the power to award degrees to students.With this IIITDM, Kurnool will become the fifth Member of IIIT tobe funded by government. IITDM, Kurnool runs on the Plan funds ofthe Ministry of Human Resource Development. The Institute will beopen to all persons irrespective of gender, caste, creed, disability,domicile, ethnicity, social or economic background.

BETI BACHAO BETI PADHAO HAS NOPROVISION FOR CASHTRANSFER COMPONENTThe Union Ministry of Women & Child Development hasclarified on January 30, 2017that Beti Bachao Beti Padhao(B3P) scheme has no provisionfor individual cash transfercomponent.It has warned the unauthorisedwebsites/organisations, NGOs,individuals that are distributingforms in the name of cashincentives under B3P scheme. It also has mentioned that it is illegal andserious matter as there is no cash incentive associated in any form.Government’s clarification came following reports that certainunauthorised sites, organisations, NGOs and individuals were founddistributing forms in the name of cash incentive under the scheme. The B3P scheme was launched in January, 2015 by Prime MinisterNarendra Modi at Panipat in Haryana. The scheme is aimed atpromoting gender equality and the significance of educating girls.

E-PAATHSALA LAUNCHED UNIQUETECHNOLOGY-BACKED SERVICESBangalore-based startup firm e-Paathsala has launched an integratedaccreditation and ERP technology solution on January 30, 2017 for thecolleges and universities to enable them better manage their multipleaccreditation standards in an easy, efficient and fast manner and bridgethe gap identified for specific accreditations.Every college and University has multiple accreditations for standardssuch as National Assessment and Accreditation Council (NAAC),National Board of Accreditation (NBA) among others.e-Paathsala would provide a software and consultancy solutions thatwould help the institutions to improve their management system withemphasis on improving accreditation standards. Besides, it wouldprovide an ERP solution to help the colleges improve theirperformances as per the benchmark standards.

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Other Important EventsEvent Related Facts

Government Approved Development ofBet Dwarka Darshan Circuit(February 23, 2017)

• As a part of the Central Scheme ‘Heritage City Development and Augmentation Yojana (HRIDAY)’, theMinistry of Urban Development has approved development of 6 km long Bet Dwarka Darshan Circuit inGujarat at a cost of ` 16.27 crore.

• The circuit was approved by the HRIDAY National Empowered Committee chaired by Rajiv Gauba,Secretary (UD) government of India.

India Vetiver Network (INVN) Launched(February 18, 2017)

• INVN has been launched at Tamil Nadu Agricultural University in Coimbatore.

• Aim To protect the environment using vetiver.

• INVN is a not-for-profit scientific network to promote vetiver in India.

‘Science Express’ Train Flagged-off(February 17, 2017)

• A ‘Science Express’ train named ‘Science Express Climate Action Special’ was flagged-off fromSafderjung Railway Station in New Delhi.

• The Science Express is on a seven-month journey and will cover 68 stations across the country, includingAgartala and Lumding in the North-East. The journey will conclude at Gandhinagar station onSeptember 8, 2017.

Government Increased the Cash CreditLimit for MSMEs(February 17, 2017)

• The Union government has increased the Cash Credit (CC) limit for Micro, Small and Medium Enterprises(MSMEs) to 30% of turnover from the existing 20% to encourage them to conduct businesses digitally.

• Through digital means of conducting the business, the balance sheet of companies would be clean andthis would help MSMEs to get loans from banks and promote Ease of Doing Business.

Himachal Pradesh GovernorInaugurated Campaign againstDrug Addiction(February 15, 2017)

• The Himachal Pradesh Governor Acharya Devvrat inaugurated a Campaign against Drug Addiction onFebruary 15, 2017 organised by Shimla Press Club in Shimla.

• The campaign aims to make the State drug free.

• The Governor has announced to grant ` 1 lakh to the Press Club Shimla for organising the campaignagainst drugs.

India’s First Floating Elementary School(February 13, 2017)

• The India’s first floating elementary school particularly for drop outs has been inaugurated on Loktak lakeat Langolsabi Leikai of Champu Khangpok floating village in Manipur on the occasion of WorldWetlands Day.

• The school named as Loktak Elementary Floating School has been opened under an initiative of AllLoktak Lake Fishermen’s Union, Manipur (ALLAFUM) with the support of NGO, People’s ResourcesDevelopment Association (PRDA) under a programme of ActionAid India.

Second Edition of ‘Hunar Haat’(February 11, 2017)

• The second edition of the Hunar Haat was inaugurated by the Union Minister of State for Minority Affairs(Independent Charge) and Parliamentary Affairs Mukhtar Abbas Naqvi at State Emporia Complex, BabaKharak Singh Marg, Connaught Place in New Delhi.

• The theme of the 2nd Hunar Haat is ‘Craft Aur Cuisine Ka Sangam’. The festival will take place fromFebruary 11 to 26, 2017.

Water Resource Ministry FormsCommittee(February 9, 2017)

• A Committee has been formed by the government to accelerate the process of the implementation ofNamami Gange programme under which it plans to make the River Ganga free from waste by 2018.

• The announcement regarding the Committee was made by the Union Minister of Water Resources UmaBharti in New Delhi while chairing the first meeting of the empowered task force on Ganga.

Uber Launched ‘UberHIRE’(February 7, 2017)

• San Francisco-based taxi-hailing platform Uber has launched a new service under the name UberHIRE that will enable the customers to hire the taxi for the day on hourly basis.

• The pilot service was launched in Kochi after which it was made available in New Delhi, Bangalore,Chennai, Mumbai, Pune, Ahmedabad, Vizag and Nagpur.

President Opened Rashtrapati Bhavan’sAnnual ‘Udyanotsav’(February 5, 2017)

• The Mughal Gardens will remain open for general public from February 5 to March 12, 2017 (except onMondays which are maintenance days) between 9:30 am to 16:00 pm.

• Members of the public will also be able to visit the Spiritual Garden, Herbal Garden, Bonsai Garden andMusical Garden.

Centre of Integrative OncologyInaugurated(February 3, 2016)

• The CIO was inaugurated at Noida. The aim of the CIO is to build collaborations in the areas of cancerprevention, research and care in an integrated approach involving both modern and traditional medicine.

• The centre would be the clearing house for information for AYUSH projects on cancer researchand management.

UberMOTO Launched Service(January 31, 2017)

• American worldwide online transportation network company Uber has launched two-wheeler aggregationservice UberMOTO by Uber Founder and CEO Travis Kalanick in Hyderabad on January 30, 2017.

• UberMOTO can hire two-wheelers for short-distance commute at cheaper rates to provide the last-mileconnectivity from and to the upcoming Metro railway stations.

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STATE SCENARIOBIHAR GOVERNMENT PRESENTED BUDGET IN ASSEMBLYThe Bihar government presented a ` 1.60 lakh crore budget for2017-18 on February 27, 2017 with no proposals of any fresh tax.Finance Minister Abdul Bari Siddqiui presenting a revenue surplusbudget of ` 14555.59 crore in the State Assembly.

Highlightsn The State’s fiscal deficit has been estimated at ` 18112 crore, which is

2.87% of the Gross State Domestic Product (GSDP) estimated at` 632180.00 crore.

n The outstanding public debt is estimated at ` 123104.09 crore in2017-18 which is 19.47% of GSDP of ` 632180 crore.

n The key departments of education, rural development, rural works,energy, health and road construction got a major thrust in theState’s budget.

n Education got the highest budgetary allocation of ` 25251.39 croreagainst the allocation of ` 21897.02 crore in 2016-17, followed byenergy which was allocated ` 10905.03 crore for 2017-18.

n The health department’s allocation too was reduced to ` 7001.52 crorein 2017-18 from ` 8234.70 crore of 2016-17, the budget document said.

n The estimated revenue receipts of state government have been put at` 137158.41 crore in 2017-18 which is ` 12568.17 crore more than` 124590.24 crore for 2016-17.

HARYANA GOVERNMENT SET-UP SEX RATIO MONITORING DASHBOARDThe Haryana government has set-up an online system called sex ratiomonitoring dashboard as part of the ‘Beti Bachao, Beti Padhao’(BBBP) scheme to monitor the sex ratio in the Panipat district onFebruary 27, 2017.The system will have the data of child sex ratio collected from allvillages every month in the district by the State Health and Womenand Child Welfare Departments.Haryana has skewed sex ratio in the state and it is one of the lowestChild Sex Ratio in country which stands at 879 girls per 1000 boys asagainst the national child sex ratio of 918 girls per 1000 boys.The BBBP scheme was launched by Prime Minister Narendra Modi in January, 2015 from Haryana for 100 districts across the country toaddress the issue of declining Child Sex Ratio (CSR).

RAJASTHAN INAUGURATED MEDICALPROJECT ‘RAHAT’Rajasthan Chief Minister Vasundhara Raje inaugurated a medicalproject Rajasthan Heart Attack Treatment (RAHAT) programme onFebruary 25, 2017 at the Eternal Heart Care Centre Hospitalin Jaipur.RAHAT programme aims to provide people in remote and rural areaswith timely treatment during heart attacks. It has been launched bythe private hospitals in the State. Rajasthan has became the secondState in India after Tamil Nadu to launch proragmmes againstHeart Diseases.Under the programme, the patients facing heart attack would beprovided with emergency ambulance service and telemedicine servicethrough Eternal Heart Care Centre Hospital.

GUJARAT GOVERNMENTPRESENTS BUDGET 2017-18The BJP government in Gujarat on February 21,2017 presented a populist budget in the electionyear, with a slew of welfare initiatives and no newtaxes. Finance Minister Nitin Patel presented thebudget for 2017-18 in the Assembly with overalllayout of ` 172179 crore, which is ` 20327 croremore than 2016-17. The budget has overall surplus of ` 239.16 crore while the revenue surplus isestimated at ` 6065.60 crore.On tax front, Patel informed the House that thebudget does not propose any increase, especially inthe Value Added Tax (VAT), as GST will beimplemented shortly. Of the total outlay of` 172179 crore, ` 103498.49 crore has beenearmarked for developmental expenditure while66969 crore allocated for non-developmentalexpenditure. As far as Tax is concerned he keeps itwith a pause as he did not propose any increase,especially in the Value Added Tax (VAT), as GSTwill be implemented shortly.The Minister kept agriculture, irrigation and ruraldevelopment with highest share of 21.88% in thedevelopmental expenditure, followed by educationand sports (21.17%), water supply, housing andurban development (16.72%) and energy, industryand minerals (10.42%). In the backdrop ofdemonetisation besides keeping Tax ratesunchanged he also emphasised education sectorwith allocations this time with ` 25000 crore.

JAMMU & KASHMIR TOOBSERVE 2017 AS YEAROF APPLEJ&K Chief Minister Mehbooba Mufti has declared2017 as ‘Year of Apple’ on February 21, 2017 topromote the famed Kashmiri apples in domesticand foreign markets. She also launched the HighDensity Apple Plantation Scheme in Srinagar toprovide 50% subsidy.The government is setting-up mega mandies andhigh-tech cold storage at Jablipora in Anantnag and Aglar in Pulwama to promote apple industry.Around 20 lakh tonnes of Apple is produced inIndia every year. The top apple producing States ofIndia are Jammu & Kashmir, Himachal Pradesh,Uttarakhand & Arunachal Pradesh.

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awardsandhonours

CURRENT AFFAIRS

89TH ACADEMY AWARDS(OSCAR AWARDS)The 89th Academy Awards commonly referred to as Oscars washeld at the Dolby Theatre in Hollywood (Los Angeles) onFebruary 26, 2017. It is famously known as ‘Oscars’.The award presented in 24 categories by the Academy of MotionPicture Arts and Sciences (AMPAS), honouring best films of2016. Musical drama La La Land won the most number ofawards totaling to six at the ceremony after it was nominated into 14 categories. It was followed by Moonlight and Arrival witheach being nominated in eight categories.

Best Picture Moonlight

Best Actress Emma Stone (La La Land)

Best Actor Casey Affleck (Manchester By The Sea)

Best Director Damien Chazelle (La La Land)

Best Supporting Actress Viola Davis (Fences)

Best Supporting Actor Mahershala Ali (Moonlight)

Indian actor Om Puri, Star Wars actress Carrie Fisher, DebbieReynolds and Bill Paxton were among late stars who wereremembered and honoured at the Oscars. The award was firstpresented in 1929.

ESPN CRICINFO AWARDSIndian international cricketer Virat Kohli has named asthe ‘Captain of the Year’ at the 10th annual ESPNCricinfo Awards. Kohli led India to nine wins out of12 Tests in the year 2016. This year ESPNcricinfointroduced awards for women’s cricket across all threeinternational formats.

List of AwardCategory Winner

Captain of the Year Virat Kohli

Test Batting Performance of the Year Ben Stokes

Test Bowling Performance of the Year Stuart Broad

ODI Batting Performance of the Year Quinton de Kock

ODI Bowling Performance of the Year Sunil Narine

T20 Batting Performance of the Year Carlos Brathwaite

T20 Bowling Performance of the Year Mustafizur Rahman

Batting Performance of the Year Hayley Williams

Bowling Performance of the Year Leigh Kasperek

IBA BANKING TECHNOLOGYAWARDSThe commerical banking company Karnataka Bank haswon two ‘IBA-Banking Technology’ awards in Mumbaion February 21, 2017. IBA-Banking Technology awardsn ‘Best Financial Inclusion Initiatives (Small Bank)’ category

– Winnern ‘Best use of Digital and Channels Technology (Small

Bank)’ – Runner

The award recognises and rewards individuals,professionals and banks who have recorded noteworthytechnology and business benefits in 2016.Mahabaleshwara MS, Chief General Manager of thebank, and Raghavendra Bhat General Manager of thebank, received the awards from Viral V. Acharya,Deputy Governor of Reserve Bank of India, andRaghunath Mashelkar, Jury Chairman for theawards, respectively.

VYAS SAMMAN 2016Renowned Hindi litterateur and playwright SurendraVerma has been selected for 2016 Vyas Samman for hisnovel Kaatna Shami Ka Vriksha Padma Pankhuri KiDhar Se on February 17, 2017. This novel waspublished in the year 2010.Surendra Verma will be the 26th recipient of the honor.He has won the Sangeet Natak Akademi Award (1993)and Sahitya Akademi Award (1996).The Vyas Samman award award was instituted by theKK Birla Foundation in 1991. It is awarded annually tooutstanding literary work in Hindi authored andpublished in past 10 years by an Indian citizen. The lastreceipient of Vyas Samman in 2015 was Sunita Jain who was awarded for poetry collection ‘Kshama’.

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LEGENDARY AWARD 2017

Melody Queen and Nightingale of India LataMangeshkar, has been conferred with the LegendaryAward 2017 on February 17, 2017 by the Brand Laureatefor giving a unlimited memorable hits and soulfulmelodies in Hindi film music.The Brand Laureate Awards recognise world-classachievement in branding amongst individuals andcompanies. India’s highest award in cinema, theDadasaheb Phalke Award, was bestowed on her in 1989by the government of India. She is the second vocalist,after MS Subbulakshmi, to have ever been awarded theBharat Ratna, India’s highest civilian honour.In 2012, Shah Rukh Khan was honoured with the BrandLaureate Legendary Award for his unmatched contribution to Indian Cinema.The Brand Laureate Legendary Award has been earliergiven to the likes of former South African PresidentNelson Mandela, Nobel Laureate Mohammad Yunus,Indian businessman Ratan Tata, late Apple co-founderSteve Jobs, Facebook CEO Marck Zuckerburg and F1racer Michael Schumacher.

KAYAKALP AWARDS 2017India’s premier health institute the All India Institutes ofMedical Sciences (AIIMS), New Delhi was awarded thefirst prize of the government’s Kayakalp Award under theCentral Government Hospitals category on February 15,2017 in New Delhi for maintaining high standards ofsanitation and hygiene.The award was presented by the Union Minister forHealth and Family Welfare, JP Nadda and the All IndiaInstitutes of Medical Sciences (AIIMS), Delhi received acash prize of ` 5 crore.The second prize was received by North Eastern IndiraGandhi Regional Institute of Health and Medical Sciences (NEIGRIHMS), Shillong, which got a cash prize of` 3 crore. Postgraduate Institute of Medical Education and Research (PGIMER), Chandigarh, received the third prize of ` 1 crore. The Kayakalp award scheme was launchedin 2015 so as to improve the culture of sanitation andcleanliness in India’s health care facilities.

70TH BAFTA AWARDS 2017The 70th British Academy of Film and Television Arts(BAFTA) Awards ceremony was held at the Royal Albert Hallin London on February 12, 2017. This year, the BAFTAawards were conferred for the outstanding performances infilms and documentaries screened at British Cinemas in 2016.La La Land won the most awards at the event, winning five and was also most nominated in 11 categories. The winners aren Best Film La La Landn Best Director Damien Chazelle (La La Land)n Best Actor Casey Affleck (Manchester by the Sea)n Best Actress Emma Stone (La La Land)n Best Supporting Actor Dev Patel (Lion)n Best Supporting Actress Viola Davis (Fences)n Best Original Music La La Land

The British Academy Film Awards are annual award presented byBritish Academy of Film and Television Arts (BAFTA) to honourthe best British and international contributions to film. The award was founded in 1947 by the British Film Academy.

59TH ANNUAL GRAMMY AWARDSThe 59th Annual Grammy Awards ceremony was held onFebruary 12, 2017 at the Staples Centre in Los Angeles. Theceremony recognised the best recordings, compositions, andartists of the eligibility year from October 1, 2015 toSeptember 30, 2016.

Awards WinnerCategory Winner

Album of the Year Adele for ’25’

Record of the Year ‘Hello’ by Adele

Song of the Year Hello by Adele and Greg Kurstin

Grammy Awards are the recording industry’s most prestigiousaward presented annually by National Academy of Recording Artsand Sciences (NARAS) of the USA. The first Grammy Awardsceremony was held on May 4, 1959 and originally was calledGramophone Awards.

NATIONAL ENTREPRENEURSHIPAWARDS 2016The first ever National Entrepreneurship Awards 2016 waspresented by the Union Home Minister Rajnath Singh atIndian Institute of Technology, New Delhi on January 30,2017.The National Entrepreneurship Awards was instituted by theMinistry of Skill Development and Entrepreneurship(MoSDE) to recognise and honor the entrepreneurial spirit ofIndia’s youth and encourage more and more young Indians tobecome entrepreneur.The awards were given in 11 different categories divided intotwo groups—Award Track and Recognition Track. A total of19 awards were presented to Young Entrepreneurs below theage of 30 years (16 awards) and Entrepreneurship ecosystembuilders including organisations/individuals (3 RecognitionAwards.)

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Other Awards & HonoursAward Winner Related Facts

Indian Entrepreneur ofthe Year 2016(February 25, 2017)

Vivek Chaand Sehgal • Vivek Chaand Sehgal, Chairman of auto parts maker Motherson Sumi Systems Limited, hasbeen named as the Indian Entrepreneur of the Year 2016 by consulting firm, EY formerly known as Ernst & Young.

• Sehgal will now represent India at the EY World Entrepreneur of the Year Award in Monte Carlofrom June 7 to 11, 2017 where he will compete with business leaders from around the world.

• Besides, Infosys Limited co-founder Nandan Nilekani was honoured with the LifetimeAchievement Award for heading the UIDAI for the Aadhaar project.

Stya Paul MemorialAward(February 22, 2017)

Virendra Sharma • Virendra Sharma, an Indian-origin British MP was conferred with the first Dr. Stya PaulMemorial Award for his outstanding contribution to India-UK ties.

• The Labour party MP from Ealing Southall received the award at the third annual Indo-UKThought Leadership Awards in London from NRI industrialist Lord Swraj Paul, the youngerbrother of Indian educationist Dr. Stya Paul.

International MercuryAward 2016-17(February 18, 2017)

EntrepreneurshipDevelopment Instituteof India

• Ahmedabad-based Entrepreneurship Development Institute of India (EDII) has received theprestigious International Mercury Awards for the year 2016-17 for the best overall presentationof its 2015-2016 annual report.

• The EDII is an acknowledged national resource institute for entrepreneurship education,research, training and institution-building and was set-up by MerComm, Inc.

UK’s Bravery Award(February 16, 2017)

Shand Panesar • An Indian-origin Scotland Yard officer Shand Panesar along with his colleague CraigNicholson was honored with the 2017 Outstanding Bravery of the Year Award on February 10,2017 in central London during a special award ceremony of the Total Excellence inPolicing Awards.

• The duo were honored the top bravery award in the United Kingdom for risking their own life tosave a family trapped in a burning house in Hillingdon in September, 2016.

Sportsman of the Year(February 15, 2017)

Usain Bolt • Jamaica’s sprinter Usain Bolt won the ‘Sportsman of the Year’ award at the Laureus WorldAwards or the ‘Oscar of Sports’ held in Monaco.

• This is the fourth time that the world’s greatest sprinter has won the honor. Earlier in 2009, 2010 and 2013 too he won the award.

Sportswoman of the Year(February 15, 2017)

Simone Biles • Simone Biles won the ‘Sportswoman of the Year’ trophy at the Laureus World Awards or the‘Oscar of Sports’ held in Monaco.

• Biles awarded for her outstanding performance in Rio Olympics 2016 winning 4 gold and1 bronze medal.

CAPA Order of Merit(February 8, 2017)

GHIAL and Rajiv Gandhi International Airport

• The GMR Hyderabad International Airport Limited (GHIAL), which operates Rajiv GandhiInternational Airport, has been honored with the Centre for Asia Pacific Aviation (CAPA)Chairman’s Order of Merit for its focus on environmental sustainability.

• Rajiv Gandhi International Airport was also awarded for becoming the first airport in Asia Pacific to become carbon neutral.

• GHIAL received the award during the CAPA 12 Annual India Aviation Summit held in Mumbai.

Genesis Prize 2017(February 6, 2017)

Anish Kapoor • The renowned Indian-origin British sculptor Anish Kapoor was honored with the prestigious $ 1million 2017 Genesis Prize by Israel for his utmost contribution for Jewish community.

• However, the money received by the innovative artist would be contributed by him to help theSyrian refugees and expand Jewish engagement in the global effort to reduce therefugee crisis.

Commander of the MostExcellent Order of theBritish Empire(February 4, 2017)

Alastair Cook • The England Test captain Alastair Cook was honored with the Commander of the MostExcellent Order of the British Empire (CBE) by Prince Charles at Buckingham Palace (London).

• CBE is one of the highest Order of honors among a series of top 5 British honors.

Asia One Awards(February 2, 2017)

SpiceJet • The Gurgaon-based airline, SpiceJet made record by winning awards in three prime categories at the Asia One Awards held in Singapore.

• The low-cost airline was honoured as the ‘Asia’s Greatest Brands – 2016’ at the function.

eGov Awards(February 2, 2017)

Rajasthan andTelangana

• Rajasthan and Telangana are bagged the eGovernance awards for Excellence under the Statecategory at the CSI- Nihilent eGovernance Awards held in Coimbatore on January 31, 2017.

• Odisha and Nagaland bagged the Award of Recognition for the year 2016.

• eGovernance Awards are Instituted by the Computer Society of India’s (CSI) Special InterestGroup with sponsorship from Nihilent Technologies.

55

1. Recently, the Reserve Bank of India(RBI) has raised the ceiling of gold loansgiven by Regional Rural Banks (RRB) to

a. 1 lakh b. 2 lakh c. 2.50 lakhd. 3 lakh e. 4 lakh

2. The amount allocated by governmentto India Post Payments Bank (IPPB) forthe financial year 2017-18 is

a. ` 300 crore b. ` 400 crore c. ` 500 crored. ` 600 crore e. ` 800 crore

3. International Shivratri Festival 2017was held in which State?

a. Sikkim b. Keralac. Himachal Pradesh d. Andhra Pradeshe. None of these

4. Which is not among five banksapproved to be acquired by State Bankof India?

a. State Bank of Hyderabadb. State Bank of Mysorec. State Bank of Patialad. Bank of Indiae. Both (a) and (c)

5. What is the maximum cover amountunder the recently launched MediclaimPolicy for Super rich by New IndiaAssurance?

a. ` 50 lakh b. ` 75 lakh c. ` 90 lakhd. ` 1 crore e. ` 2 crore

6. Which is the first State of the countryto establish cashless system fordistribution of foodgrains?

a. Gujarat b. Andhra Pradeshc. Telangana d. Rajasthane. Bihar

7. Which State government haslaunched ‘RAHAT’ project for treatmentof heart disease in remote andrural areas?

a. Rajasthan b. Madhya Pradeshc. Chhattisgarh d. Odishae. None of these

8. Recently, the Reserve Bank of India(RBI) released Sixth Bi-monthlyMonetary Policy Statement, 2016-17Resolution of the Monetary PolicyCommittee (MPC), accordingly GVAgrowth for 2017-18 is projected at

a. 6.9% b. 7.0% c. 7.4%d. 7.7% e. 7.9%

9. Which Indian sportsperson willrepresent IOC’s Athletes’ Commission inthe Badminton World Federation (BWF)?

a. Saina Nehwal b. PV Sindhuc. Pullela Gopichand d. Prakash Padukonee. None of these

10. Which State government haslaunched India’s first Post OfficePassport Service Centre (POPSC)?

a. Rajasthan b. Sikkimc. Madhya Pradesh d. Tamil Nadue. Bihar

11. Which Union Ministry to hostCultural Harmony Conclave under‘Hamari Dharohar’ scheme inNew Delhi?

a. Home Affairsb. Minority Affairsc. Human Resource Developmentd. Food Processing Industriese. None of the above

12. What was the theme of theInternational ‘Mother Language Day’?

a. Promoting your Mother Language

b. Promoting English as medium ofconversation

c. Learning through Mother Language

d. Towards Sustainable Futures throughMultilingual Education

e. None of the above

13. ‘World Cancer Day’ is celebrated on

a. February 2 b. February 3c. February 4 d. February 5e. February 6

14. Who appointed as the President ofTable Tennis Federation of India (TTFI)?

a. Ritesh Ranjanb. Praful Patelc. Urjit Pateld. Dushyant Chautalae. Suresh Kalmadi

15. Who is the current Chairperson ofthe Insolvency and Bankruptcy Board ofIndia (IBBI)?

a. Suman Saxenab. Dr. MS Sahooc. GS Yadavd. Amardeep Singh Bhatiyae. Priya Mittal

16. Which country to host the9th edition of BRICS Summit 2017?

a. Pakistan b. Chinac. India d. Russiae. South Africa

17. Who has been appointed the newPrime Minister of Federal Republicof Somalia?

a. Hassan Abshir Farahb. Ali Mohammed Ghedic. Hassan Ali Khayred. Omar Abdirashid Alie. None of the above

18. The government of India hasrecently signed pact with which countryon rail safety?

a. Japan b. The USA c. Germanyd. Italy e. France

19. Who has became the new BrandAmbassador for ‘Swachh BharatMission’?

a. Shilpa Shetty b. Priyanka Choprac. Deepika Padukone d. Kangana Ranaute. Rekha

20. Which is the first State of North-EastIndia to implement e-Cabinet solution?

a. Mizoramb. Nagalandc. Meghalayad. Arunachal Pradeshe. None of the above

21. As per a recent report by theNational Energy Administration, Chinahas became world’s biggest producer ofsolar energy. What is the share of solarenergy to China’s total powergeneration?

a. 1% b. 1.25% c. 1.5%d. 2% e. 2.5%

22. Jo-Wilfried Tsonga, who has wonthe 2017 Rotterdam Open tennistournament, is belonged towhich country?

a. Belgium b. Francec. The USA d. Germanye. China

23. Which State government hasapproved cloud seeding programme toproduce adequate rain?

a. Punjab b. Haryanac. Bihar d. Maharashtrae. Madhya Pradesh

24. Which public sector bank has wonthe National MSME ExcellenceAward 2017?

a. State Bank of Indiab. Punjab National Bankc. Corporation Bankd. ICICI Banke. State Bank of India

56

Level 1

OBJECTIVECURRENT AFFAIRS

25. Who has been selected for the 2016Vyas Samman?

a. Vishwanath Tripathib. Hassan Ali Khayrec. Padma Sachdevd. Surendra Vermae. Sunita Jain

26. What is the rank of India in theIndex of Economic Freedom 2017?

a. 127 b. 123c. 125 d. 143e. 175

27. What is the name of the instant chatservice launched by Citi Bank onFebruary, 2017 to resolve the customersqueries instantly?

a. Citibank Chat b. Citibank Onlinec. Instant CitiChat d. CitiChat Onlinee. Instant Citionline

28. Who has been appointed as the13th Chief Minister of Tamil Nadu?

a. KT Rajenthra Bhalajib. KA Sengottaiyanc. P. Balakrishna Reddyd. Edappadi K. Palaniswamie. Rajenthra Reddy

29. Who has became the first Indian tobe promoted by the InternationalBasketball Federation (FIBA) as theTechnical Delegate of the body?

a. Bob Elphinston b. Yvan Maininic. Patrick Baumann d. Norman Isaace. None of these

30. Cricket icon Sachin Tendulkar hasadopted which village in Maharashtra for transformation under Sansad AdarshGram Yojana?

a. Gardi b. Dhasaic. Gondala d. Donjae. None of these

31. The two-day UNESCO NaturalHeritage Festival 2017 was held inwhich State?

a. Bihar b. Assamc. Goa d. Himachal Pradeshe. Uttarakhand

32. According to the global financialservices major Nomura, the GDP growthof India is estimated to be ……… inJanuary-March quarter 2017.

a. 5% b. 5.7%c. 6.3% d. 7.1%e. 7.9%

33. Who has been appointed as the newPresident of ICAI on February, 2017?

a. Jay Chharia b. Naveen Guptac. Nilesh Vikamsey d. Devraja Reddye. None of these

34. Who is the author of the book‘Jobless Clueless Reckless’?

a. Suzanne Sangi b. Munal Pawarc. Himanjali Sankar d. Revathi Sureshe. None of these

35. Who is the author of the book ‘Hema Malini : Beyond the Dream Girl’?

a. Jai Kamal Mukherjeeb. Pooja Gautamc. Ram Kamal Mukherjeed. Rakesh Anand Bakshie. Shantanu Ray Chaudhuri

36. Which Committee will beconstituted by the Reserve Bank of India(RBI) on cyber security?

a. NK Singh Committeeb. Meena Hemachandra Committeec. Ravi Iyer Committeed. Tushar Krishna Committeee. Ayush Committee

37. Which of the following is the officialmascot for FIFA U-17 World CupIndia 2017?

a. Kheleo b. Zabivaka c. Fulecod. Pille e. Gopal

38. Which of the following cities to hostthe 11th International Aerospace andDefence Exhibition – Aero India 2017?

a. Bengaluru b. Patna c. Chennaid. Kolkata e. New Delhi

39. Who has been appointed the newPresident of Associated Chambers ofCommerce of India (ASSOCHAM)?

a. Sandeep Jajodiab. Kiran Kumar Gandhic. Sunil Kanoriad. Navneet Guptae. Rahul Gandhi

40. Bano Qudsia, the renowned Urduauthor has passed away. She hailed fromwhich of the following countries?

a. India b. Bangladesh c. Afghanistand. Pakistan e. The USA

41. Consider the following statements :

1. The government of India has signed a$ 200 million credit agreement with the World Bank on February 1, 2017.

2. The agreement signed was for thethird phase of the Technical EducationQuality Improvement Project(TEQIP III).

3. The project aims to strengthenengineering education in low-incomegroup, hill States and States of theNorth-East.

Which of the above statements is/are correct?a. Only 1 b. Only 3 c. 2 and 3d. 1 and 2 e. All of these

42. Identify the correct statement(s) :

a. Gurugram-based airline, SpiceJet maderecord by winning awards in three primecategories at the Asia One Awards heldin Singapore.

b. The low-cost airline was honoured as the‘Asia’s Greatest Brands – 2016’ atthe function.

c. Among others, Chairman and ManagingDirector of SpiceJet, Ajay Singh, washonored with the title of the ‘Global Asianof the year’, 2016.

d. The Chief Financial Officer KiranKoteshwar won the award for ‘Asia’sGreatest CFO 2016’.

e. All of the above

43. Identify the incorrect statement :

a. Indian badminton player Lakshya Sen hascreated history after he attained Worldnumber one rank in the latest JuniorBadminton World Federation(BWF) ranking.

b. He is the youngest ever player and the first ever from Uttarakhand to win the title atsenior level.

c. Earlier, his brother Chirag Sen was rankednumber three in the World JuniorBadminton rankings.

d. Total points gained by Lakshya is 16903 in eight tournaments he has played inthe season.

e. None of the above

44. Consider the following statementsregarding Union Budget 2017 :

1. It is the annual budget of the Republicof India which is being presented bythe government on the first dayof February.

2. Till 2016, it was presented on the lastworking day of March by the FinanceMinister of India in Parliament.

3. The first Union budget of independent India was presented byRK Shanmukham Chetty onNovember 26, 1948.

Which of the above statements is/are correct?a. Only 1 b. Only 3c. 2 and 3 d. 1 and 2e. All of these

45. Choose the incorrect statement :

a. Total Agriculture Credit to Farmers in2017-18 is ` 10 lakh crore.

b. Long Term Irrigation Fund in NABARDcreated in 2016-17 is ` 20000 crore.

c. Dairy Processing and InfrastructureDevelopment Fund in NABARD is` 8000 crore.

d. Allocation under Fasal Bima Yojana for2017-18 is ` 9000 crore.

e. Digital transformation of PrimaryAgriculture Credit Societies (PACS) in thenext 3 years by NABARD will be` 2000 crore.

46. Identify the correct statement(s) :

a. In the 2017 Financial Times Global MBAranking 5 Indian Business Schools havebeen listed in the World’s 100 best FullTime MBA Programme List.

b. Among the Indian B-Schools, IndianSchool of Business (ISB) stood first with aglobal ranking of 29.

c. The top position was secured by INSEADfor the second consecutive year.

d. Indian institute of Management (IIM)Ahmedabad was placed at 30th position.

e. All of the above

57

Level 2

47. Identify the incorrect statement :

a. The Budget 2017-18 aims to increase thecoverage under Fasal Bima Yojana from30% of cropped area in 2016-17 to 40% in2017-18 and 50% in 2018-19.

b. Micro Irrigation Fund will be set-up inNABARD to achieve the goal of ‘per dropmore crop’.

c. The Diary Processing and InfrastructureDevelopment Fund in NABARD with totalcorpus of ` 6000 over 2 years would startwith initial corpus of ` 2000 crore.

d. The government to set-up new mini labs in Krishi Vigyan Kendras (KVKs) to testsoil quality.

e. None of the above

48. Identify the incorrect statementregarding Union Budget 2017-18 :

a. Pradhan Mantri Kaushal Kendra (PMKK)has been extended to more than600 districts across the country.

b. 100 India International Skills Centreswould be set-up across the country tooffer advanced training and courses inforeign languages to help youths seekingjob outside the country.

c. Skill Acquisition and KnowledgeAwareness for Livelihood Promotionprogramme (SANKALP) to be launched in2017-18 at a cost of ` 4000 crore toprovide market relevant training to3.5 crore youth.

d. Next phase of Skill Strengthening forIndustrial Value Enhancement (STRIVE) tobe launched in 2017-18 at a cost of` 2200 crore.

e. None of the above

49. Consider the following statements :

1. The Central government has made theaadhaar mandatory for receiving thesubsidised foodgrains from the rationshops in a bid to better achieve thetarget of ` 1.4 crore subsidy under thefood security law.

2. Those not having the biometric-basedunique identification number canapply for the same by July 30, 2017.

3. Under the National Food Security Law(NFSA), the government provides 8 kgof foodgrains per person every monthat ` 1-3 per kg to over 80 crore people.

Which of the above statements is/are correct?a. Only 1 b. Only 3 c. 2 and 3d. 1 and 2 e. All of these

50. Consider the following statements :

1. A 30-member Committee has beenconstituted under the chairmanship ofAndhra Pradesh’s Chief MinisterN. Chandrababu Naidu for the speedyimplementation of the SagarmalaProject in Andhra Pradesh.

2. The first meeting of the Committeetook place on February 10, 2017.

3. The Andhra Pradesh government andVisakhapatnam Port Trust (VPT) havesubmitted proposals for 90 projectswith an outlay of ` 130763 crore underthe Sagarmala project.

Which of the above statements is/are incorrect?a. Only 1 b. Only 3 c. 2 and 3d. 1 and 2 e. All of these

51. Consider the following statements :

1. 2017 BRICS association of Brazil,Russia, India, China and South Africato be held in Xiamen, China inSeptember, 2017.

2. The summit will be held under thetheme ‘BRICS : Stronger Partnershipfor a Brighter Future’.

3. The 2016 BRICS summit was hosted by India in Goa.

Which of the above statements is/are correct?a. Only 1 b. Only 3 c. 2 and 3d. 1 and 2 e. All of these

52. Identify the incorrect statement :

a. The official Mascot for the 2017 FIFA U-17World Cup India tournament was revealedon February 10, 2017 in New Delhi at theFeroz Shah Kotla Stadium.

b. The mascot was unveiled FIFA during thelaunch of Mission XI Million programme.

c. A clouded leopard named Kheleo withyoung and charismatic face has beenlaunched as the Mascot.

d. All of the abovee. None of the above

53. Identify the correct statement(s)regarding Union Budget 2017-18 :

a. Mahila Shakti Kendra to be set-up atvillage-level with an allocation of` 800 crore.

b. Under Maternity Benefit Scheme ` 4000will be transferred directly to the bankaccounts of pregnant women whoundergo institutional delivery andvaccinate their children.

c. Two new All India Institutes of MedicalSciences to be set-up in the States ofJharkhand and Gujarat.

d. All of the abovee. None of the above

54. Consider the following statements :

1. The second edition of the International Spice Conference began at Kovalam inThiruvananthapuram district of Keralafrom February 12, 2017.

2. The theme of the conference is‘21st Century Spice Industry-Disruptor be Disrupted’.

3. The conference was inaugurated bythe Nestle India Limited Chairmanand Managing director SureshNarayanan.

Which of the above statements is/are correct?a. Only 1 b. Only 3 c. 2 and 3d. 1 and 2 e. All of these

55. Identify the correct statement(s) :

a. The total expenditure in Budget for2017-18 has been allocated ` 21.47lakh crore.

b. Total resources being transferred to theStates and the Union Territories withLegislatures is ` 4.11 lakh crore as against ` 3.60 lakh crore in 2016-17.

c. FRBM Committee has recommended 3%fiscal deficit for the next three years.

d. The Revenue Deficit of 2.3% in 2016-17was reduced to 2.1% in the RevisedEstimates.

e. All of the above

56. Identify the correct statement(s) :

a. India has been ranked 144th in the 2017Economic Freedom Index.

b. The annual index was released by aconservative US political think tank‘American Institute for EconomicResearch’.

c. The 2017 index is topped by Hong Kong,Singapore and New Zealand, respectively.

d. All of the abovee. None of the above

57. Identify the incorrect statement :

a. The International Monetary Fund (IMF) has opened South Asia Training and Technical Assistance Centre (SARTTAC) in NewDelhi for economic capacity building inSouth Asia.

b. The center is a collaborative venturebetween the IMF, the World Bank anddevelopment partners.

c. It was officially inaugurated by Shaktikanta Das, Secretary of Department ofEconomic Affairs.

d. The SARTTAC is IMF’s first fully-integratedcapacity development center.

e. None of the above

58. Choose the incorrect statement(s) :

a. The 7th edition of Indian Seed Congress(ISC) has been organised by the NationalSeed Association of India (NSAI) inKolkata (West Bengal).

b. The theme of Seed Congress is ‘Seedof Joy’.

c. The availability of certified/quality seeds inthe country has increased from less than40 lakh quintal during decade of 60 to370 lakh quintal in 2015-16.

d. All of the abovee. None of the above

59. Consider the following statements :

1. The Indian Space ResearchOrganisation (ISRO) has successfullylaunched a record 104 satellites fromthe Satish Dhawan Space Centre(SDSC) in Sriharikota, Andhra Pradesh.

2. The satellites were launched throughPSLV C-33 launch vehicle.

3. The vehicle first launched the 714 kgCartosat-2 Series satellite for Earthobservation and then injects103 co-passenger satellites, togetherweighing about 670 kg.

Which of the above statements is/are correct?a. Only 1 b. Only 3c. 2 and 3d. 1 and 2 e. All of these

60. Identify the correct statement(s) :

a. The OBC introduced a new version ofmobile banking in the form of mobile appunder the name ‘Oriental Batuaa’ toprovide banking services through app.

58

Directions (Q.Nos. 1-10) Read the fol low ing pas sage care fully and an swer the ques tions given be low it.

During the rein of king Veer, there lived a wise magistrate. Haripant’s verdicts were always just and people from allover the vast kingdom came to him in order to settle their disputes. In the city where Haripant lived, there was agreedy ghee merchant named Niranjan. He always kept twenty barrels of ghee. Of these, fifteen would containgood quality ghee and the remaining would be adulterated. He would mix in two and sell it. This went on for a time, till finally the people fed up being cheated and complained to Haripant.

Haripant had the ghee examined and found it to be adulterated. He gave Niranjan a choice of punishment-drinkthe five barrels of adulterated ghee from his shop or receive a hundred lashings or pay a thousand gold coins inthe treasury. Niranjan thought for a while. Losing a thousand gold coins was too much and a hundred lashings are painful. So he decided to drink the barrels of ghee. Though Niranjan adulterated goods in his shop, the made surehis own food was of the best quality.

So after drinking one barrel of ghee he began to feel sick. By the second barrel, he was vomiting. At this point hedecided to opt for the lashings instead. But, he was pampered and his body was unused to any harsh treatment.After ten lashes, he started trembling and by twenty he was giddy. Stop! he screamed, “I will pay the thousand gold coins!” and he handed them over.

So, he ended up suffering all three punishments something he did not forget in a hurry and the people of the citygot to use only the best quality ghee in their food from then on!

1. Why did Niranjan keep five bar rels of adul ter ated ghee?a. To sell to customers who could not afford high quality ghee b. To make a profit by cheating peoplec. Being a miser he kept the low quality ghee for his family d. Demand for this ghee was low so he kept only a small quantitye. None of the above

61

PROBATIONARYOFFICER (po)PRELIMINARY (Phase I) EXAM

State Bank of India (SBI)

mock paper-1 ONLINEEXAM

APRIL 29-30 & MAY 6-7,

2017

Part I English Language

l This crack set con sists of 100 questions in three parts.l All questions are compulsory.l Answer the questions quickly and as carefully as you can. Some questions may be difficult and others easy.

Do not spend too much time on any question.

Time 60 min Max. Marks 100

Part Subject Number of Questions Max. Marks

I English Language 30 30

II Quantitative Aptitude 35 35

III Reasoning Ability 35 35

General Instructions

2. Why did the peo ple de cide to go to Haripantwith their com plaint?a. He was close to the king and would get justice for them.b. They knew Niranjan was afraid of Haripant who punished

people severely.c. They were confident that he would listen to their

complaint and give a fair judgement.d. He was the only Magistrate in the entire kingdom.e. None of the above

3. Why did Haripant al low Niranjan to choosehis own pun ish ment?a. He felt sorry for Niranjan.b. Niranjan’s offence was minor.c. He did not want Niranjan to appeal of the king for

leniency.d. He did not want to give the wrong punishment.e. None of the above

4. Which of the fol low ing can be said aboutNiranjan?

A. He took a lot of time to make any decision.B. He only cheated those who would not dare

complain against him.C. He was allergic to ghee and fell sick whenever

he consumed it.a. Only C b. Only Ac. A and B d. All of thesee. None of these

5. Why did Niranjan de cide to drink adul ter atedghee for his pun ish ment?a. Since the barrels were from his shop, he thought he

could substitute the adulterated ghee with good ghee.b. He wanted to prove that the quality of ghee he sold was

good.c. He was greedy and had a big appetite so he thought he

would easily drink the ghee.d. He considered it the easiest of the punishments as he

did not realise what effect the ghee would have on him.e. None of the above

6. How did Haripant ar rive at the con clu sion that Niranjan sold adul ter ated ghee?a. Niranjan was ill when he drank the ghee from his shop.b. He had the ghee tested to see if it was adulterated.c. He trusted the word of those who had complained to him.d. He too was duped by Niranjan.e. Niranjan admitted his guilt when confronted.

7. Which of the fol low ing is not true in thecon text of the pas sage?

A. Niranjan’s customers were so angry that theybeat him mercilessly.

B. King Veer’s kingdom was large.C. Niranjan had a very good memory.

a. Only A b. Only Bc. A and C d. All of thesee. None of these

8. What made Niranjan opt for pay ing the fineat last?a. He would be deeply in debt if he paid it.b. He knew Haripant would keep the money for himself.c. No one was willing to lend him money.d. He could not bear to part with such a huge sum.e. His business would be ruined if he paid such a large fine.

9. What ef fect did Niranjan’s pun ish ment have?a. All the merchants learnt their lesson and supplied only good

quality ghee.b. Niranjan lost all his customers and had to close down his shop.c. People began to fear Haripant because of his severe

punishments.d. Niranjan gave into all his customers’ demands even if it meant

making a loss.e. Niranjan improved the quality of the ghee that he sold.

10. Why did Niranjan suf fer three pun ish ments?a. He had cheated so many people that his punishment had to

be severe.b. Haripant had ordered this so that Niranjan would never repeat his

offence.c. Haripant wanted to make an example of him so that other

merchants would not cheat their customers.d. Niranjan could not decide which punishment to under go. So,

Haripant awarded him all three punishments.e. None of the above

Di rec tions (Q.Nos. 11-15) Read each sentence to find out,whether ther is any grammatical error in it. The error, any will be in one part of the sentence. The letter of that part is theanswer. If there is no error, the answer is (e).

11. By mar ket ing ag ri cul ture (a)/ prod ucts well, we (b)/can en sure that (c)/ farm ers make a good profit. (d) Noer ror (e)

12. The pro mo tion means (a)/ that you may be (b)/ postin Chennai (c)/ from next month. (d) No er ror (e)

13. This pro ject is (a)/ too big to (b)/ un der takesuc cess fully at (c)/ such short of no tice. (d) No er ror (e)

14. When our com pany was (a)/ faced fi nan cialdif fi cul ties (b)/ the train ing bud get was (c)/ the first to becut. (d) No er ror (e)

15. Con ser va tion ists be lieve that (a)/ better man age mentof na tional parks (b)/ is the only way to save (c)/ In dia’sti ger pop u la tion from ex tinc tion. (d) No error (e)

Directions (Q.Nos. 16-20) Which of the phrases (a), (b), (c)and (d) given below should replace the phrase given in boldin the following sentences to make the sentencegrammatically meaningful and correct? If the sentence iscorrect as it is and no correction is required, mark (e) asthe answer.

16. Take into account the suggestions of the panel, arevised draft report is being placed in the public domain.a. Taken into account b. Taking an accountc. Taking into account d. Accounting fore. No correction required

17. They claim that their employees are highlycommitting and disciplined.a. have been highly committing b. are highly committedc. have high commitments d. have been high committede. No correction required

18. Before accepting a new assignment, ensured thatyou complete all your earlier assignments.a. ensure that you completeb. ensure that you completedc. surely you can completed. ensure that you are completinge. No correction required

62

19. He is fully convinced of the integrity ofhis colleagues.a. full convincing of b. fully convincing aboutc. fully convincing of d. full in convincing ofe. No correction required

20. The spectators were spellbound at the thrillingsight and at the end, they could not held theirapplause in appreciation.a. withheld their applause b. withhold their applausec. held their applauding d. hold their applaude. No correction required

Directions (Q.Nos. 21-25) Rearrange the followingsentences A, B, C, D, E and F in a meaningful paragraphand then answer the questions given below it.

A. It was further revived by a Boston publishing firmand from that time Mother Goose continued andgrew in fame and interest till date.

B. The first collection of verses under her name waspublished in London in book form by John Newbery.

C. These were known long before they were designatedas Mother Goose rhymes.

D. Some rhymes can be traced to pop u lar bal lads, folksongs and games, po lit i cal sat ire, an cient prov erbs,cries of street ven dors, real or leg end ary events.

E. About twenty five years later the book was re printedin the United States in Worces ter, Mas sa chu setts.

F. In fact, un til the eigh teenth cen tury Mother Goosedid not have a name in print in Eng lish lit er a ture.

21. Which of the following should be the SIXTH(LAST) sentence after rearrangement?a. A b. B c. Cd. D e. E

22. Which of the following should be the FOURTHsen tence af ter re ar range ment?

a. B b. C c. D d. E e. F

23. Which of the following should be the FIFTHsen tence af ter re ar range ment?a. A b. B c. C d. D e. E

24. Which of the following should be the FIRSTsen tence af ter re ar range ment?a. A b. B c. C d. D e. F

25. Which of the following should be the SECONDsen tence af ter re ar range ment?a. A b. B c. C d. D e. E

Directions (Q.Nos. 26-30) In each sentence below, fourwords have been indicated as (a), (b), (c) and (d). One ofthese may be wrongly spelt or inappropriate in thecontext of the sentence or grammatically incorrect. Ifthere is no error of any such types, the answer is (e) i.e,.no error.

26. India has progressed (a)/ remarkably (b)/ inexercising (c)/ our commitments in internationalaffairs. (d) No error (e)

27. Imported items are costlier (a)/ than there (b)/domestic (c)/ counterparts. (d) No error (e)

28. There is hardly any resemblance (a)/ between the faces (b)/ of the so called identical (c)/ twins. (d) Noerror (e)

29. An exorbitantly (a)/ rigid attitude may prove (b)/very dangerous, (c)/ even fatal. (d) No error (e)

30. Although (a)/ I was paid significantly (b)/ low, Ifound my salary to be insufficient (c)/ or ratheradequate. (d) No error (e)

63

Directions (Q.Nos. 31-33) Each of the questions belowconsists of a question and two statements I and II givenbelow it. You have to decide whether the data provided in the statements are sufficient to answer the questions.Read both the statements and

Give an swera. if the data in statement I alone is sufficient to answer the

question while the data in statement II alone is not sufficient to answer the question

b. if the data in statement II alone is sufficient to answer thequestion while the data in statement I alone is not sufficient to answer the question

c. if the data either in statement I alone or in statement II alone is sufficient to answer the question

d. if the data in both the statements I and II even together arenot sufficient to answer the question

e. if the data in both the statements I and II together arenecessary to answer the question

31. What is the speed of a running train?

I. The length of the train is 180 m.II. The train crosses another stationary train of 120 m

length in 60 sec.

32. What is the difference between the ages of Samirand Sreekant?

I. The ratio of their ages is 7 : 9.II. 5 years, hence the sum of their ages will be 58 years.

33. What is the percent rate of simple interestper annum?

I. The amount with the interest rate doubles in 5 years.II. The interest earned in first year was ` 10000.

34. Shamita took a loan at sim ple in ter est rate of 6%per an num in the first year and it in creased by 1.5%per an num ev ery year. If she pays ` 8190 as in ter est at the end of 3 years, what was her loan amount?a. ` 36000 b. ` 35400 c. ̀36800d. Can’t be determined e. None of these

35. Which of the fol low ing frac tions are inde scend ing or der?

a. 5

12, 2

7,

3

11, 2

9,

1

5b.

2

7, 2

9,

3

11,

1

5,

5

12c.

1

5, 2

9,

3

11, 2

7,

5

12

d. 5

12,

3

11, 2

7, 2

9,

1

5e. None of these

Part II Quantitative Aptitude

36. In how many dif fer ent ways can the let ters of the word AWARE be ar ranged?a. 150 b. 120 c. 40d. 60 e. None of these

37. Ayesha can com plete a piece of work in 16 days.Amita can com plete the same piece of work in 8 days. If both of them work to gether, in how many days can they com plete the same piece of work?

a. 150 b. 42

5 c. 5

1

3d. 12 e. None of these

38. The av er age of 5 num bers is 65. The av er age ofthe first two num bers is 81 and the av er age of the last two num bers is 38. What is the third num ber?a. 63 b. 87 c. 99d. Can’t be determined e. None of these

39. Vinod makes a profit of ̀110, if he sells a cer tainnum ber of pen cils at the rate of ̀2.5 per pen cil andin curs a loss of ̀55 if he sells the same num ber ofpen cils for ̀1.75 per pen cil. How many pen cils doesVinod have?a. 220 b. 240 c. 200d. Can’t be determined e. None of these

Directions (Q.Nos. 40-42) In each of the followingnumber series, only one number is wrong. Find out thewrong number.

40. 4, 6, 18, 49, 201, 1011a. 1011 b. 201 c. 18d. 49 e. None of these

41. 48, 72, 108, 162, 243, 366a. 72 b. 108 c. 162d. 243 e. None of these

42. 2, 54, 300, 1220, 3674, 7350a. 3674 b. 1220 c. 300d. 54 e. None of these

43. 12 years ago the ratio between the ages of A and

B was 3 : 4 respectively. The present age of A is 33

4times of C ’s present age. If C ’s present age is 10 years,then what is B’s present age?a. 48 yr b. 46 yr c. 60 yrd. 54 yr e. 36 yr

44. A certain number of capsules were purchased for ̀216, 15 more capsules could have been purchased in

the same amount if each capsule was cheaper by ̀10. What was the number of capsules purchased?a. 6 b. 14 c. 8d. 12 e. 9

45. M N O, , and P divided ̀44352 among

themselves. M took 3

8th of the money, N took

1

6th of

the remaining amount and rest was divided among Oand P in the ratio of 3 : 4 respectively. How much did O get as his share?a. ̀9600 b. ̀10600c. ̀10300 d. ̀8700e. ̀9900

46. Pure milk costs ̀16 per litre. Af ter add ing wa terthe milk man sells the mix ture ̀15 per litre andthereby makes a profit of 25%. In what respectiveratio does he mix milk with water?a. 3 : 1 b. 4 : 3 c. 3 : 2d. 5 : 3 e. 4 : 1

Directions (Q.Nos. 47-49) What approximate valueshould come in place of question marks in the followingquestions? (You are not expected to calculate theexact value.)

47. 39.897% of 4331 58 779+ . % of 5003 = ?a. 4200 b. 4600 c. 4700d. 4800 e. 5200

48. 43931 03 2111 02 401 04. . . ?¸ ´ =a. 8900 b. 6600 c. 6400 d. 8000 e. 8300

49. 3178 1330 360´ ¸ = ?a. 130 b. 110 c. 140 d. 160 e. 90

Directions (Q.Nos. 50-54) Study the followinginformation carefully to answer the questions that follow.

A company produces four different products viz. ACs,fans, refrigerators and ovens, each product of twodifferent qualities, i.e., Quality A and Quality B. Thecompany produces a total of 500 products. One-fifth oftotal number of products are fans, out of which 35% areof Quality B. 15% of the total number of products areACs. Two-third of ACs are of Quality A. 25% of the totalnumber of products are refrigerators, out of which 40%are of Quality B. 10% of the number of ovens are ofQuality B.

50. What is the total number of ACs and ovens ofQuality B and fans and refrigerators of Quality Atogether made by the company?a. 165 b. 205 c. 155d. 185 e. None of these

51. What is the average number of products ofQuality A made by the company?a. 90 b. 75 c. 80d. 95 e. None of these

52. What is the respective ratio between the numberof ovens of Quality B and the number of fans ofQuality A?a. 5 : 2 b. 4 : 13 c. 5 : 13d. 4 : 9 e. None of these

53. What is the difference between the number ofACs of Quality A and Quality B?a. 25 b. 50 c. 35d. 40 e. None of these

54. Number of refrigerators of Quality A isapproximately, what percentage of the total numberof ovens (both Quality A and B together)?a. 39% b. 31% c. 35%d. 36% e. 37.5%

55. If a b c

6 10 4= = , then

a b c

c

+ + is equal to

a. 1

4b.

3

5c. 2

d. 5 e. None of these

64

Directions (Q.Nos. 95-98) Study the followinginformation to answer the questions given below.

A number arrangement machine when given an input ofnumbers, rearranges them following a particular rule ineach step. The following is an illustration of input andsteps of rearrangement.

In put 17 23 29 13 47 37 19 79

Step I 79 23 29 13 47 37 19 17

Step II 79 47 29 13 23 37 19 17

Step III 79 47 37 13 23 29 19 17

Step IV 79 47 37 29 23 13 19 17

Step V 79 47 37 29 23 19 13 17

Step VI 79 47 37 29 23 19 17 13

This is the final arrangement and Step VI is the last stepfor this input.

95. If 97 47 23 79 27 11 19 31 is the first step of aninput, which of the following steps will be 97 79 47 3127 11 19 23?a. Third b. Fourthc. Fifth d. Can’t be determinede. None of these

96. How many steps will be required to get the finaloutput from the following input?

In put 73 31 37 67 19 29 43 13a. Five b. Six c. Sevend. Eight e. None of these

97. Following is the Step III for an input. What willbe the first step for the input?

Step III 97 83 79 13 19 11 53 61a. 19 11 53 13 97 83 79 61 b. 19 53 13 79 97 11 83 61c. 11 53 61 13 19 97 83 79 d. Can’t be determinede. None of these

98. Following is the Step III of an input. What will be the fifth step?

Step III 79 61 53 41 19 11 43 13a. 79 61 53 43 41 19 11 13 b. 79 61 53 43 41 19 13 11c. 79 61 53 43 19 11 41 13 d. 79 61 53 43 41 11 19 13e. None of these

Directions (Q.Nos. 99-100) Study the followingarrangement carefully and answer the questionsgiven below.

P 4 D % I 9 K F 1 J 3 # T 6 @ A Q 2 Z © 5 « 7 E W $ 8 B H

99. Which of the following is the seventh to the right of the sixteenth from the right end of the givenarrangement?a. 5 b. 1 c. 7d. K e. None of these

100. How many such consonants are there in thegiven arrangement each of which is immediatelypreceded by a number and immediately followed bya symbol?a. None b. One c. Twod. Three e. More than three

68

1. (b) 2. (c) 3. (e) 4. (e) 5. (d)

6. (b) 7. (c) 8. (d) 9. (e) 10. (e)

11. (a) 12. (c) 13. (d) 14. (b) 15. (e)

16. (c) 17. (b) 18. (a) 19. (e) 20. (b)

21. (e) 22. (b) 23. (d) 24. (b) 25. (a)

26. (d) 27. (b) 28. (e) 29. (a) 30. (c)

31. (e) From state ments I and II,

Speed

=Length of Ist train+Length of stationary train

Time

=+

= (180 120) m

60 sec 5 m/sec = ´5

18

5km/h

= 18 km/h

32. (e) From state ment I, age of Samir andSreekant are 7 x and 9x, re spec tively.

From statements I and II,

7 5 9 5 58x x+ + + =

16 10 58x + =

16 48x =

\ x = 3

\ Required difference

= -( )9 7 x = ´ =2 3 6 yr

So, data in both the statments arenecessary.

33. (a) From I, if P x=

A x= 2

SI = - =2 x x x

Rate =´

´=

x

x

100

520%

Data in statement I alone is sufficient toanswer the question.

34. (e) SI =´ ´P R T

100

Þ P P P´ ´

+´ ´

+´ ´6 1

100

7 5 1

100

9 1

100

.

= 8190

P ´ =22 5 819000.

\ P =819000

22 5.

= ` 36400

35. (a) 5

120 4166= . K

2

70 285= . K

3

110 272= . K

2

90 222= . K

1

50 2= . K

Hence, descending order of the fractions is

5

12, 2

7,

3

11, 2

9,

1

5×

36. (d) Total number of ways of arrangementof the letters (AWARE)

= = =5

2

120

260

!

!

37. (c) Both Ayesha and Amita can finish

=´

+=

´= =

16 8

16 8

16 8

24

16

35

1

3 days

38. (b) Sum of 5 numbers = ´ =5 65 325

Sum of Ist 2 numbers = ´ =2 81 162

Sum of last 2 numbers = ´ =2 38 76

Hence, sum of 4 numbers = 238

Hence, third number = - =325 238 87

39. (a) Suppose Vinod has x pencils.

\ SP = 2 5. x and CP = -2 5 110. x

Again, SP = 175. x and CP = +175 55. x

But, both the cost prices are same.

Therefore,

2 5 110 175 55. .x x- = +

2 50 175 110 55. .x x- = +

Þ 075 165. x =

\ x = =165

075220

.

40. (c)

41. (e)

42. (a)

\ Correct number = ´ + ´1220 3 3 4

= +3660 12 = 3672

\ Wrong number = 3674

4 6 18 49 201 1011

´ 1+2 ´ 2+3 ´ 3+4 ´ 4+5 ´ 5+6

15

48 72 108 162 243 366

´1.5

364.5

´1.5 ´1.5 ´1.5 ´1.5

2 54 300 1220 3674 7350

´6+6´7

3672

´5+5´6 ´4+4´5 ´3-3´4 ´2+2´3

Hints Solutions&

43. (b) Q Present age of C = 10 yr

\ Present age of A = ´33

410

= ´15

410 = 37 5. yr

\ Age of A before 12 yr

= -37 5 12. = 25 5. yr

\ Age of B before 12 yr = ´25 5

34

. = 34 yr

\ Present age of B = + =34 12 46 yr

44. (d) Let, number of capsules purchasedwere x and cost of each capsule be ̀ y. Then,

xy = 216 …(i)

According to the question,

( ) ( )x y+ - =15 10 216

Þ 15 10 150y x- =

Þ 3 2 30y x- =

3216

2 30´ - =x

x [Using Eq. (i)]

Þ 324

15x

x- =

Þ x x2 15 324 0+ - =

Þ ( ) ( )x x+ - =27 12 0

Þ x = 12

Hence, number of capsules purchasedwas 12.

45. (e) Money got by M = ´3

844352

= ` 16632

Remaining money = -44352 16632

= ` 27720

\ Money got by N = ´1

627720 = ` 4620

Further, remaining money

= -27720 4620 = ` 23100

which was divided between O and P in theratio of 3 : 4.

Therefore, money got by

O = ´3

723100 = ` 9900

46. (a) Q SP of the mix ture = ` 15

\ CP of the mixture = ´15100

125 = ` 12

Now, by the rule of mixture,

\ Ratio of milk and water in the mixture

= 12 4: = 3 1:

47. (c) ? » ´ + ´433040

1005000

59

100

» + »1732 2950 4682

\ Required answer = 4700

48. (e) ? » ¸ ´44000 2100 400

» ´ »44000

2100400 8380

\ Required answer = 8300

49. (b) ? =´3178 1330

360 »

´»

56 36

19106

\ Required answer = 110

Solutions (Q.Nos. 50-54) According to theinformation,

To tal = 500 Prod ucts

Quality A Quality B

Fans = ´ ´5001

5

65

100

= 65

Fans = ´ ´5001

5

35

100

= 35

ACs = ´ ´50015

100

2

3

= 50

ACs = ´ ´50015

100

1

3

= 25

Refrigerators

= ´ -5001

450 = 75

Refrigerators = 50

Ovens

= - =200 20 180Ovens = ´ =200

10

10020

Total ovens

= - + + + + +500 65 35 50 25 85 40( )

= 200

50. (d) To tal num ber

= + + + =( ) ( )25 20 65 75 185

51. (e) Av er age

=+ + +

= =65 50 75 180

4

370

492 5.

52. (b) Ra tio = =20

654 13:

53. (a) Re quired dif fer ence = - =50 25 25

54. (e) Re quired per cent age

= ´ »75

200100 37 5. %

55. (d) Let a b c

6 10 41= = =

\ a = 6, b = 10, c = 4,

a b c

c

+ +=

+ +=

6 10 4

45

56. (b) 64

94

1

9183-

æ

èç

ö

ø÷ ´

= ´ = ´21

3183

7

3183 = ´ =7 61 427

57. (c) 7 8 53x y+ = …(i)

5 12 63x y+ = …(ii)

On solving the equations we get,

x = 3, y = 4

\ y x- = - =4 3 1

58. (d) Time = Distance

Speed = + =

14

5

14

10

42

10

= 4 2. h

59. (a) Let number be

x, ( )x + 1, ( )x + 2 , ( )x + 3

\ x x+ + =( )3 103 or x = 50

Hence, ( ) ( )50 1 50 2+ ´ +

51 52 2652´ =

60. (c) Area of square = (Side)2

From statement I,

Side = 21 cm

\ Area of square = ( )21 2

= 441 cm2

From statement II,

Perimeter = ´4 Side = 84

\ Side = 21 cm

Again, area = =( )21 4412 cm2

Hint In data suf fi ciency no need to findex act value. Since, area = side2 and fromboth state ments side can be de ter mined.

61. (e) From state ment II,

( )4 6 2M W+ ´ can finish in 16

2 days and

( )8 12M W+ in 8 days

From statement I, 12 women can finish in16 days.

Hence, 8 M can finish in 1 day1

8

1

16

1

16- = work

Thus, 8 M in 16 days can finish the work

8 16M ´ days = ´10M x day

x =´

=8 16

1012 8. days

In state ment I, ef fi ciency of women is givenand in State ment II ef fi ciency of men andwomen is given, hence, ef fi ciency of10 men can be de ter mined.

62. (b) From state ment I,

Speed in downstream

= + = =( )x y12

43 km/h

Speed of boat in still water can’t bedetermined.

From statement II,

Speed of boat in still water = =12

62 km/h

So, data in statement I alone is sufficient toanswer the question, but statement II aloneis not sufficient.

63. (d) Let, the length of the train be x m.

Speed of the train when it crosses a pole= x m/sec

Also, when the train crosses a platform,

Speed of the train

= Length of Train + Platform

Time taken to cross the platform

Þ xx

=+ 300

3

Þ 3 300x x= + Þ x = 150 m

64. (b) n S C( ) = = ´522 51 26

n E C C ( ) = ´ = ´41

41 4 4

P E( ) =´

=16

51 26

8

663

65. (c) The students can fail in 1, 2, 3, 4, 5, 6,7, 8 subjects. So, the number of ways he canfail is

81

82

83

84C C C C+ + +

+ + + + C C C C85

86

87

88

= + + + + + + +8 28 56 70 56 28 8 1

= 255

Solutions (Q.Nos. 66-69) According to theinformation,

! ® > @ ® ³ # ® =

$ ®< H ® £

69

16 0

12

412

Milk Water

66. (d) State ments P ! Q Þ P > Q M H K Þ M £ K T H K Þ T £ K

Therefore, P > Q, M £ K ³ T

Conclusions I. T ! M Þ T > M (False)

II. T # M Þ T = M (False)

Hence, neither conclusion I nor II is true.

67. (d) State ments S $ M Þ S < M

M ! L Þ M > L

L @ Z Þ L ³ Z

Therefore, S < M > L ³ Z

Conclusions I. S # Z Þ S = Z (False)

II. S ! Z Þ S > Z (False)

Hence, neither conclusion I nor II is true.

68. (d) State ments D ! F Þ D > F

F # S Þ F = S

S H M Þ S £ M

Therefore, D > F = S £ M

Conclusions I. F ! M Þ F > M (False)

II. F @ M Þ F ³ M (False)

Hence, neither conclusion I nor II is true.

69. (a) State ments J # V Þ J = V

V $ N Þ V < N

R H J Þ R £ J

Therefore, R £ J = V < N

Conclusions I. N ! R Þ N > R (True)

II. J @ N Þ J ³ N (False)

Hence, only conclusion I is true.

Solutions (Q.Nos. 70-73) According to theinformation,

70. (a) 71. (c) 72. (a) 73. (e)

74. (e) Ac cord ing to the state ments, Venndi a gram is as fol low

Con clu sions I.ü II.ü

Both conclusions I and II follow.

75. (d) Ac cord ing to the state ments, Venndi a gram is as fol low

Con clu sions I.Î II.Î

Hence, neither conclusion I nor II follows.

76. (c) Ac cord ing to the state ments, Venndi a gram is as fol low

Con clu sions I.Î or II.Î

Hence, either conclusion I or II is true.

77. (e) Ac cord ing to the state ments, Venndi a gram is as fol low

Con clu sions I.ü II.ü

Both conclusions I and II follow.

Solutions (Q.Nos. 82-85) According to theinformation,

Member State Game

A Madhya Pradesh Badminton

B Bihar Table Tennis

C Odhisa Billiards

D Kerala Chess

E Tamil Nadu Golf

F Maharashtra Cricket

G Uttar Pradesh Hockey

86. (b) 87. (a) 88. (e) 89. (b)

90. (d)

91. (c) The fish live in wa ter and moun tainmeans wa ter. There fore, fish live in moun tain.

92. (c) nik ka pa ® who are you …(i)

ka na ta da ® you may come here …(ii)

ho ta sa ® come and go …(iii)

From Eqs. (i) and (ii), we get

ka ® you

From Eqs. (ii) and (iii), we get

ta ® come

\ nik ® ‘who’ or ‘are’

93. (c) From op tion (c), R M K T- ¸ ´

Clearly, R is sister of K’s father M and K isbrother of T. Hence, K is nephew of R.

94. (a) From op tion (a), J R T´ +

Clearly, J is brother of T’s mother R. Hence, J is maternal uncle of T.

Solutions (Q.Nos. 95-98) Place with the firstnumber. In case the largest number is already arranged, the second largest is interchangedwith the number next to the largest numberand so on, until the numbers are arranged indescending order.

95. (b) Step I 97 47 23 79 27 11 19 31

Step II 97 79 23 47 27 11 19 31

Step III 97 79 47 23 27 11 19 31

Step IV 97 79 47 31 27 11 19 23

96. (e) In put 73 31 37 67 19 29 43 13

Step I 73 67 37 31 19 29 43 13

Step II 73 67 43 31 19 29 37 13

Step III 73 67 43 37 19 29 31 13

Step IV 73 67 43 37 31 29 19 13

Clearly, Step IV is last step of given input.

97. (d) Since, it is a case of ‘ar range ment’pre vi ous steps can’t be de ter mined withcer tainty.

98. (d) Step III 79 61 53 41 19 11 43 13

Step IV 79 61 53 43 19 11 41 13

Step V 79 61 53 43 41 11 19 13

99. (a) 7th to the right of the 16th from the right end means 9th from the right, i.e., 5.

100. (c) Such combinations are 4D%and 2Z©.

70

M

I

S

T

S

R

H

L

–1 –1

–1

–1

A

K

E

N

O

F

L

B

+1+1

+1

+1

G

R

O

U

–1 –1

–1

–1

N

D

E

D

T

N

Q

F

E

F

E

O

+1+1

+1

+1

As, Similarly,

Sister– R M +

Father

K

NephewBrother

T×

BrotherJ R

Mother

T

(+) (–)

V WP

T

YQ

R

S

Bar

Coin

Book

Blanket Pillow

Book

Girl Indian American

Barber Painter Watch

A~ bú¶'

hþAm AmgmZ

12`

gm‘mݶ kmZ, A§H$J{UV, arOqZJ, A§J«oOr ^mfm VWm {hÝXr ^mfm na Aܶ¶Z gm‘J«r

‘hrZo ^a H$s H$aoÊQ> ݶyO H$[a¶a OmZH$mar Ed§ {deofkm| H$s gbmh

Q>m°ng© BÊQ>aì¶y

gm‘mݶ kmZ JmoëS>Z ßdm°BÊQ²>g

Om°ãg H$s OmZH$mar

narjm H$s aUZr{V Ho$ gmW ‘m°H$/gm°ëdS> nong©

Bg‘| h¡

86

Directions (Q.Nos. 1-5) What approximate value should come in place ofquestion marks in the given equations?

1. 2

7 of 1594 4.493

1

2´ = of ?

a. 4100 b. 4800 c. 3800 d. 3400 e. 4900

2. 5376.12 11.956 ? 55¸ ¸ =a. 8 b. 6 c. 10 d. 12 e. 4

3. 31% of 561.32 43% of 684.89+ = ? % of 1735.23a. 35 b. 33 c. 27 d. 23 e. 37

4. 124.001 14.001 3.4999 2 2´ ¸ + = ?a. 500 b. 450 c. 525 d. 475 e. 550

5. 127.99 72.01 (3.98) ?2´ - =a. 9460 b. 9600 c. 9240 d. 9200 e. 9280

6. A boat can travel 20 km downstream in 24 minutes. The ratio of thespeed of the boat in still water to the speed of the stream is 4 1: . Howmuch time will the boat take to cover 15 km upstream?a. 20 min b. 22 min c. 25 min d. 30 min e. 35 min

7. Ram purchased 40 dozen notebooks at ` 50 per dozen. He sold 10dozens of it at 15% profit and the remaining 30 dozen at 25% profit.What is his percentage profit in the whole transaction?a. 18.8% b. 20% c. 22.5% d. 25% e. 28.5%

Directions (Q.Nos. 8-12) In these questions, two equations (I and II) aregiven. You have to solve both the equations and choose the appropriateoption.Give answer

a. if x y> b. if x y³

c. if x y< d. if x y£

e. if x y= or relation cannot be established

8. I. x x2 6 7- = II. 2 13 15 02y y+ - =

9. I. 3 7 2 02x x- + = II. 2 11 15 02y y- + =

Indian Bank

*SOLVED PAPER

PROBATIONARY OFFICER (PO)PRE EXAM 2016

EXAMHELD ON

JANUARY 21, 2017

Part I Quantitative Aptitude

General InstructionsThis question paper has 100 multiple choice questions, which are divided into three parts.

Before the completion of time limit, the candidates are not permitted to submit their answers.

To navigate between questions, the candidates can click on the question number displayed to the right of the screen.

Reasoning Ability

English Language

35

30

II

III

Subject No. of QuestionsPart

35I Quantitative Aptitude

* Based on Memory

10. I. 10 7 1 02x x- + = II. 35 12 1 02y y- + =

11. I. 4 252x = II. 2 13 21 02y y- + =

12. I. 3 7 62x x+ = II. 6 2 1 172( )y y+ =

Directions (Q.Nos. 13-17) Study the following graph toanswer the given questions.

13. The strength of the school increased from 2008to 2009 by what percent?a. 1.7% b. 1.8% c. 1.9% d. 2.0% e. 1.6%

14. What is the total number of students studyingthe school during the year 2010?a. 3100 b. 3000 c. 3150 d. 3250 e. 2950

15. During which of the following pairs of years, the strength of school was same?a. 2008 and 2009 b. 2010 and 2011 c. 2010 and 2012d. 2007 and 2011 e. 2009 and 2012

16. The num ber of stu dents study ing in the schoolin 2009 was what percent of the num ber of stu dentsstudy ing in the school in 2012?a. 90.75% b. 91.75% c. 92.75% d. 93.75% e. 89.75%

17. For which of the fol low ing years, the per cent agerise or fall in the num ber of stu dents who left theschool com pared to pre vi ous year is max i mum?a. 2008 b. 2009 c. 2010 d. 2012 e. 2011

18. A cer tain sum of money amounts of ` 1008 in2 years and the same sum of money amounts to` 1164 in 3 years and 6 months. Find the sum andthe rate of in ter est.a. 900, 14% b. 800, 13% c. 700, 12%d. 800, 19% e. 700, 13%

19. A can do a cer tain work in the same time inwhich B and C to gether can do it. If A and B to gether could do it in 10 days and C alone in 50 days, thenwhat time will B take to com plete the same task?a. 15 days b. 20 days c. 25 daysd. 30 days e. 35 days

Directions (Q.Nos. 20-24) What will come in place ofquestion marks in the given number series?

20. 6 14 36 98 276 ? a. 836 b. 974 c. 1104 d. 794 e. 584

21. 2 4 12 84 ? 6526884a. 420 b. 3762 c. 3612 d. 2994 e. 336

22. 1 10 24 43 67 ?a. 36 b. 45 c. 84 d. 96 e. 134

23. 21 32 54 87 131 ?a. 296 b. 168 c. 186 d. 196 e. 184

24. 8 27 ? 343 1331a. 36 b. 64 c. 125 d. 216 e. 324

25. A train trav el ling at 72 km/h crosses a plat form in 30 seconds and a man stand ing on the plat form in18 seconds. What is the length of the plat form?a. 240 m b. 360 m c. 420 m d. 600 m e. 400 m

26. A and B started a busi ness by in vest ing ` 18000and ` 24000 re spec tively. At the end of 4 monthsfrom the start of the busi ness, C joins with ` 15000.Af ter 8 months, B quits and C in vests ` 3000 more. At the end of 10 months B re joins with the samein vest ment. If the profit at the end of year is ` 12005, what B’s share of profit?a. ̀5800 b. ̀4700 c. ̀4200 d. ̀4900 e. ̀5600

Directions (Q. Nos. 27-31) Study the table and answerthe given question.

Percentage Distribution of Population of Five StatesP, Q, R, S and T on the Basis of Poverty Line and Sex

State

Percentage ofpopulationbelow the

poverty line

Proportion of males and females

Below povertyline

Above povertyline

M : F M : F

P 35 5 : 6 6 : 7

Q 25 3 : 5 4 : 5

R 24 1 : 2 2 : 3

S 19 3 : 2 4 : 3

T 15 5 : 3 3 : 2

27. If the male pop u la tion above pov erty line forState R is 1.9 mil lion, then what is the to talpop u la tion of State R?a. 4.5 mil lion b. 4.85 mil lion c. 5.35 mil liond. 6.25 mil lion e. 4.90 mil lion

28. What will be the num ber of fe males above thepov erty line in the State S if it is known that thepop u la tion of State S is 7 mil lion?a. 3 mil lion b. 2.43 mil lion c. 1.33 mil liond. 5.7 mil lion e. 5 mil lion

29. What will be the male pop u la tion above pov ertyline for State P if the fe male pop u la tion be lowpov erty line for State P is 2.1 million?a. 2.1 mil lion b. 2.3 mil lion c. 2.7 mil liond. 3.3 mil lion e. 3.5 mil lion

30. If the pop u la tion of males be low pov erty line forState Q is 2.4 mil lion and that for State T is 6 mil lion,then what is the ra tio be tween the to tal pop u la tionof States Q and T?a. 1 : 3 b. 2 : 5 c. 3 : 7 d. 4 : 9 e. 5 : 8

31. What is the difference be tween the male andfe male pop u la tion be low poverty line for State T ifthe to tal pop u la tion of State is 12 million?a. 0.7 million b. 1.25 million c. 0.45 milliond. 1.62 million e. 0.17 million

87

600

500

400

300

200

100

20070

2008 2009 2010 2011 2012

250Left school

Data related to the number of students who joinedand left school in six years (Initial strength = 3000)

Nu

mb

er

of

stu

de

nts

Joined school 350 300

450 400 350 450 450

450 500 400 550

88

32. The dif fer ence be tween com pound in ter est andsim ple in ter est on a cer tain sum at 12% per annum fortwo years is ` 90. What will be the value of the amountat the end of the 3 years com pounded annually.a. ̀9000 b. ̀6250 c. ̀8530.80d. ̀8780.80 e. ̀8900

33. The av er age age of a hus band, his wife and his son3 years ago was 29 years and that of his wife and son5 years ago was 21 years. What is hus band’s pres entage?a. 54 yr b. 38 yr c. 39 yr d. 44 yr e. 47 yr

34. Av er age weight of 25 boys in a class is 48 kg.The av er age weight of the class of 40 stu dents is45 kg. What is the av er age weight of the 15 girls inthe class?a. 44 kg b. 42 kg c. 40 kgd. 39 kg e. 42.5 kg

35. The vol ume of a wall, 5 times as high as it isbroad and 8 times as long as it is high, is 12.8 cm 3 .Find the breadth of the wall.a. 40 cm b. 30 cm c. 20 cmd. 10 cm e. 50 cm

36. Read the following information and answer thequestion which follows.

‘The upcoming marathon seems to be an impossible task for me. I can only run 5 km at a stretch. Even if Idouble that I would still not reach half way throughthe marathon’ Rohan.Which of the following statements can be inferred fromRohan’s statement?a. Any runner who can complete the marathon can definitely

finish first five kilometres of the marathon faster than Rohanb. If Rohan runs four times his capacity, he would finish the

marathonc. Had the specified time for marathon been one hour, Rohan

would have completed it in two hours’ timed. The specified distance of the upcoming marathon is

definitely more than 20 kme. If Rohan runs 5 more kilometres, he will reach exactly half

way through the marathon’s specified distance

Directions (Q.Nos. 37-39) Read the followinginformation and answer the given questions :

Q is the brother of P. K is the mother of P. Q is marriedto C.C is the daughter-in-law of L. P is the mother of N.N is the sister of V.

37. How is K related to C?a. Sister b. Daughter-in-law c. Motherd. Daughter e. Mother-in-law

38. How is L related to N?a. Grandfather b. Uncle c. Grandsond. Son e. Son-in-law

39. If N has only one brother as sibling, how is Vrelated to Q?a. Father b. Nephew c. Uncled. Son e. Brother

Directions (Q.Nos. 40-44) In this question, relationship between different elements is shown in the statements.The statements are followed by conclusions.Give answer

a. if only conclusion I is true

b. if only con clu sion II is true

c. if either conclusion I or II is true

d. if none of the conclusions is true

e. if both conclusions are true

40. Statements T > R > A > C < K; N < E < C > S > D

Conclusions I. S > A II. K < E

41. Statements S = L £ U = M; Z ³ R > C = M

Con clu sions I. Z > S II. S = Z

42. Statements T > R > A > C < K; N < E < C > S > D

Con clu sions I. D < T II. N < R

43. Statements Y £ E < L = O ³ W; S ³ P > L ³ I £ T

Con clu sions I. E < P II. I > E

44. Statements Y £ E < L = O ³ W; S ³ P > L ³ I £ T

Con clu sions I. Y £ T II. S > W

Directions (Q.Nos. 45-49) Study the followinginformation carefully to answer the given questions.

In a certain code language,

‘plot for all persons’ is written as ‘fn bo dl sw’

‘find the hidden plot’ is written as ‘dl et ga nu’

‘try and find out’ is written as ‘ga yc mp zh’

‘for the lock out’ is written as ‘nu mp fn rv’

(All codes are two-letter codes only)

45. If ‘try the key’ is coded as ‘nu ka yc’ in the givencode language, then how will ‘key and lock’ becoded as?a. ka bo zh b. zh ga ka c. ka zh rv

d. bo rv ga e. Other than those given as options

46. In the given code language, what does the code‘sw’ stand for?a. either ‘for’ or ‘find’ b. either ‘persons’ or ‘all’c. hidden d. fore. plot

47. Which of the following may represent the codefor ‘find friends’ in the given code language?a. bo ga b. ga cl c. fn ga d. et bo e. cl et

48. What is the code for ‘for hidden plot’ in thegiven code language?a. fn et dl b. fn dl bo c. ga bo fnd. mp rv et e. dl et ga

49. What is the code for ‘out’ in the given codelanguage?a. fn b. mp c. rvd. nu e. Other than those given as options

Directions (Q.Nos. 50-54) In these questions, two/three statements followed by two conclusions numbered Iand II have been given. You have to take the givenstatements to be true even if they seem to be at variance from commonly known facts and then decide which ofthe given conclusions logically follows from the givenstatements disregarding commonly known facts.

Part II Reasoning

96

1. The sum of 5 consecutive odd numbers of set A is 125. What will bethe sum of set B containing 4 consecutive odd numbers, if the smallestodd number of set B is 16 more than the highest odd number of set A?a. 156 b. 184 c. 192 d. 202 e. 198

2. Perimeter of a square, whose diagonal is 34 2 m, is equal to theperimeter of a rectangle. If the difference between length and breadth ofthe rectangle is 12 m, what is the area of the rectangle?a. 1120 m2 b. 1080 m2 c. 840 m2 d. 1840 m2

e. Other than those given as options

3. Rimi and Simi spend 60% and 75% of their respective monthly salaries in monthly expenditures. Simi kept 60% of the monthly expenditur assavings and has given the remaining ` 2100 to his sister. What was Rimi’s monthly expenditure if his monthly salary is 25% less than that of Simi?a. ` 3150 b. ` 1880 c. ` 2070 d. ` 2120 e. ` 1890

4. A jar contains a mixture of mango juice and water in the ratio of 12 : 13 respectively. 50 L of mixture was taken out and 25 L of water was addedto it. If water was 34% in the resultant mixture, then what was the initialquantity of mixture in the jar?a. 175 L b. 125 L c. 150 L d. 75 L e. 100 L

5. Train A running at 108 km/h takes 15 seconds to cross a pole. Howmuch time will train B take running at 54 km/h to cross the pole, if length is one-third that of train A?a. 12 sec b. 10 sec c. 15 sec d. 18 sec e. 20 sec

6. A trader sold an ar ti cle at 12% loss. Had he sold the ar ti cle for ` 109.20more, he would have earned a profit of 30%. What would be the sellingprice of the article if the article is sold at 40% profit?a. ` 364 b. ` 392 c. ` 350 d. ` 332e. Other than those given as options

7. A boat can travel 6.4 km downstream in 16 min and 8.7 km upstreamin 29 min. What is the total time taken by the boat to travel 36 kmupstream and the same distance downstream together?a. 3 h 45 min b. 4 h 11 min c. 4 hd. 3 h 30 min e. 3 h

General InstructionsThis question paper has 100 multiple choice questions, which are divided into three parts.

Before the completion of time limit, the candidates are not permitted to submit their answers.

To navigate between questions, the candidates can click on the question number displayed to the right of the screen.

Reasoning

English Language

35

30

II

III

Subject No. of QuestionsPart

35I Quantitative Aptitude

* Based on Memory

Part I Quantitative Aptitude

India Post Payments Bank (IPPB)

*SOLVED PAPER

ASSISTANT MANAGERPRE EXAM 2016

ONLINEEXAM

NOVEMBER 4,2017

97

Directions (Q.Nos. 8-12) Refer to the table and answerthe given questions.

Data related to number of visitors in two museums(A and B) during 4 days.

Day

Museum A Museum B

Numberof visitors

(Male +Female)

Percentage of male visitors

out of number of visitors

Number ofvisitors(Male +Female)

Percentage ofmale visitors

out of numberof visitors

Monday 190 30% 480 40%

Tuesday 280 40% 188 50%

Wednesday 350 60% 200 60%

Thursday 400 35% 120 75%

8. In museum A, during Wednesday 30% of malevisitors and 70% of female visitors were from schoolX. What was the number of visitors (male + female) in museum A from school X during Wednesday?a. 165 b. 183 c. 161 d. 153 e. 157

9. Number of visitors (male + female) in museums Aand B increased by 5% and 15% respectively fromThursday to Saturday. If the total number of femalevisitors in museums A and B together was equalduring Thursday and Saturday, what was the totalnumber of male visitors in museum A and B togetheron Saturday?a. 268 b. 238 c. 242 d. 248 e. 252

10. In museum B, the respective ratio of femalevisitors during Tuesday and Friday was 2 : 3. Iffemale visitors constituted 50% of the number ofvisitors (male + female) during Friday, what was thenumber of visitors (male + female) in museum B onFriday?a. 288 b. 296 c. 294 d. 282 e. 276

11. In museum A, what is the difference between the total number of male visitors during Monday andTuesday together and that during Wednesday andThursday together?a. 183 b. 177 c. 185d. 187 e. 181

12. What is the average number of male visitors inmuseum B during Monday, Wednesday andThursday?a. 134 b. 188 c. 185d. 175 e. 184

13. A’s age eight years ago was equal to twice of B’sage two years ago. C is six years older than B. If therespective ratio between present ages of A and C is 8 5: , what is B’s present age?a. 18 yr b. 12 yr c. 15 yrd. 20 yr e. None of these

14. A and B started a business. B’s investment was` 4000 more than that of A. At the end of 3 monthsfrom the start of the business, B left and C joined with an investment which was ` 6000 more than that of A.If the respective ratio between total annual profit and C’s share in profit was 12 : 5, what was theinvestment made by A?a. ` 4000 b. ` 6000 c. ` 12000d. ` 8000 e. None of these

15. A can finish a price of work in 40 days. Heworked alone for 15 days and then B joined him.Together they could finish the remaining work in15 days, in how many days B alone can finish thesame work?a. 58 b. 45 c. 60 d. 75 e. 80

Directions (Q.Nos. 16-20) What will come in place ofquestion marks in the given number series?

16. 3 72 129 173 203 ?a. 248 b. 227 c. 254d. 252 e. 218

17. 4 3 5 14 55 ?a. 285 b. 274 c. 319d. 315 e. 265

18. 3 3 12 108 ? 43200a. 2700 b. 1728 c. 972d. 432 e. None of these

19. 24 12 12 18 36 ?a. 92 b. 90 c. 94.5d. 81.5 e. 108

20. 126 64 34 20 ? 12a. 18 b. 12 c. 14d. 16 e. 15

Directions (Q.Nos. 21-25) In each of the followingquestions there are two equations. You have to solveboth equations and give answera. if x y> b. if x y³ c. if x y< d. if x y£e. if x y= or relation cannot be established

21. I. x x2 11 18 0+ + = II. y y2 16 48 0+ + =

22. I. 3 10 7 02x x+ + = II. 3 4 1 02y y+ + =

23. I. 5 7 2 02x x- + = II. 2 7 3 02y y- + =

24. I. 2 3 1 02x x- + = II. y y2 8 15 0- + =

25. I. x = -( )4 2 II. y 2 256=

Directions (Q.Nos. 26-30) What approximate valuewill come in place of question marks in the givenequations? (You are not expected to calculate the exact value)

26. 18.05 8.99 52.02 ?´ - =a. 140 b. 75 c. 160d. 110 e. 150

27. 149.96 3.02 114.57 1.93 ?´ - ´ =a. 170 b. 220 c. 310d. 190 e. 260

28. 45.04 ¸ 4.97 = ? ¸ 12.99a. 104 b. 91 c. 120d. 117 e. 143

29. 135.59 7.62 2.93 75.01%¸ ´ = of ?a. 80 b. 60 c. 40d. 20 e. None of these

30. 75.05% of (289.96 + 142.01) = ? 2

a. 10 b. 16 c. 14d. 18 e. 12

Directions (Q.Nos. 31-35) Read the following diagramcarefully and answer the questions given below.

31. Number of students in college S in 2010 is whatpercent of the number of students in college P inboth the years together?

a. 44% b. 56% c. 55%d. 50% e. 60%

32. What is the difference between the total numberof students in colleges P and Q together in year 2015and that in the same colleges together in 2010?a. 80 b. 110 c. 90 d. 120 e. 60

33. The average number of girls in college R and S in year 2015 was 72. Number of boys in colleges S was58 more than that in college R in the same year.Number of girls in college S was approximately,what percent more than that in college R?a. 40% b. 50% c. 42%d. 36% e. 20%

34. Number of students in 2015 in college T waswhat percent less than in year 2010?

a. 22% b. 181

3% c. 15% d. 20% e. 25

1

6%

35. In the year 2016, the number of students incollege R was 40% more than that in the samecollege in the year 2010. Number of students incollege R in 2016 was how many more than that inthe same college in 2015?a. 18 b. 12 c. 24 d. 32 e. 36

98

450

400

350

300

250

200

P

150

Q R S T

802010

Data Regarding Number of Students (male + female) Studying in Management Stream of

Various Colleges in Year 2010 and 2015N

um

be

r o

f S

tud

en

ts (

ma

le +

fem

ale

)

2015 120 220

180 160 110 400

200 280 320

100

50

0

Directions (Q.Nos. 36-40) Study the followinginformation to answer the given questions.

Eight people R, S, T, U, V, W, X and Y are sitting arounda square table (but not necessarily in the same order),in such a way that four of them sit at four corners whilefour sit in the middle of each of the four sides. The onessitting in the middle of the sides are facing outside (i.e.opposite to the centre) and the ones sitting in thecorners are facing the centre.

T sits in middle of one of the sides. Only two personssits between T and Y. V sits second to the left of X. Xfaces same direction as Y (i.e. if Y faces the centre thenX also faces the centre and vice-versa). Only threepersons sit between X and U. R is an immediateneighbour of U, but not Y. Only one person sits betweenR and S.

36. Four of the following five are alike in a certainway based on the given arrangement and henceform a group. Which one of the following does notbelong to that group?a. U b. R c. Y d. V e. X

37. What is the position of S with respect to R?a. Second to the right b. Fourth to the rightc. Third to the left d. Third to the righte. Second to the left

38. Who sits exactly between T and Y when counted from the left of T?a. R, S b. V, W c. W, X d. R, V e. U, V

39. Which of the following is true regarding W asper the given arrangement?a. W sits at one of the corners of the table.

b. W sits second to the left of S.

c. W is an immediate neighbour of both V and T.

d. None of the given options is true.

e. Only three people sit between W and Y.

40. How many people sit between U and V whencounted from the left of V?a. One b. Three c. More than threed. None e. Two

41. In a certain code language, ‘give your book’ iscoded as ‘sk dg ap’ and ‘book my tickets’ is coded as‘dg le nb’. What is the code for ‘give’ in the givencode language?a. dg b. nb c. Either ‘ap’ or ‘skd. Either ‘dg’ or ‘nb’ e. le

Directions (Q.Nos. 42-46) Study the followinginformation carefully and answer the given questions.

When a word and number arrangement machine isgiven an input line of words and numbers, it arrangesthem following a particular rule. The following is anillustration of input and rearrangement.

(All the numbers are two-digit numbers)

Input 49 78 risen zebra 56 casio 26 house

Step I casio 49 78 risen zebra 56 26 house

Step II casio 49 78 risen zebra 56 house 26

Step III house casio 49 78 risen zebra 56 26

Step IV house casio 78 risen zebra 56 26 49

Step V risen house casio 78 zebra 56 26 49

Step VI risen house casio 78 zebra 26 49 56

Step VII zebra risen house casio 78 26 49 56

Step VIII zebra risen house casio 26 49 56 78

Step VIII is the last step of the given arrangement as theintended output of the arrangement is obtained.

Part II Reasoning

1. (c) Let, the 5 consecutive odd numbers ofset A be 2 1n + , 2 3n+ , 2 5n+ , 2 7n + and 2 9n+ .

Then, ( ) ( ) ( )2 1 2 3 2 5n n n+ + + + +

+ + + + =( ) ( )2 7 2 9 125n n

Þ 10 25 125n + =

Þ 10 100n = Þ n = 10

Now, highest number of A n= +2 9 = 29

\ Smallest number of B = + =16 29 45

\ Required sum = + + + =45 47 49 51 192

2. (a) Diagonal of a square = a 2, where a is

the side of square.

\ a 2 34 2= Þ a = 34 m

Now, 4 2a l b= +( )

Þ 4 34 2´ = +( )l b

Þ l b+ = 68 ...(i)

Also, l b- =12 ...(ii)

On solving Eqs. (i) and (ii), we get

l = 40 m and b = 28 m

\ Area = ´ = ´ =l b 40 28 1120 m2

3. (a) Let, monthly salary of Simi = ` x

Then monthly salary of Rimi =75

100x.

Now, 75

100

60

100

75

1002100x x- ´ =

Þ 75

100

40

1002100x

æ

èç

ö

ø÷ =

Þ x =´ ´

´

2100 100 100

40 75 = ` 7000

\ Monthly salary of Rimi = ´75

1007000

= ` 5250

Hence, monthly expenditure of Rimi

= ´ =60

1005250 ` 3150

4. (d) Let, quantity of mango juice and waterbe 12 x and 13x respectively.

Now, quantity of mango juice taken out

= ´+

5012

12 13

x

x x( )

=´

=50 12

2524

x

x L

and quantity of water taken out

= ´+

= ´ =5013

12 1350

13

2526

x

x x

x

x( ) L

According to the question,

12 24

13 26 25

34

100

17

50

x

x

-

- += =

Þ 12 24

13 1

17

50

x

x

-

-=

Þ 600 1200 221 17x x- = -

Þ 600 221 17 1200x x- = - +

Þ 379 1183x =

Þ x = =1183

3793.121 Þ x » 3

\ Initial quantity of mixture in jar

= + =12 13 25x x x

= ´ =25 3 75 L

5. (b) Length of train A = ´ ´1085

1815

= 450 m

and length of train B= ´1

3450 m = 150 m

\ Required time =´

´=

150 18

54 510 s

6. (a) Let, CP of an article = ` x

According to the question,

130

100 CP

88

100 CP 109.20- =

Þ 42CP

100 109.20=

Þ CP10920

42= = ` 260

\ SP when profit is 40% = ´140

100260

= ` 364

7. (d) Speed downstream =´

6.4 60

16

= 24 km/h

Speed upstream =´

= 8.7 60

29 18 km/h

\ Required time = +36

18

36

24 = 2 h + 1.5 h

= 3 h 30 min

8. (c) Male visitors = ´ =60

100350 210

So, female visitors = - =350 210 140

\ Required number of visitors

= ´ + ´30

100210

70

100140

= + =63 98 161

9. (a) Number of visitors in museum A on

Saturday = ´105

100400 = 420

Number of visitors in museum B on

Saturday = ´115

100120 = 138

\ Male visitors on Saturday

= - ´æ

èç

ö

ø÷ + - ´

æ

èç

ö

ø÷420

65

100400 138

25

100120

= - + -( ) ( )420 260 138 30

= + =160 108 268

10. (d) Female visitors on Tuesday in

museum B = ´50

100188 = 94

\ Female visitors on Friday in museum B

= ´ =3

294 141

Hence, total visitors in museum B on

Friday = ´ =100

50141 282

11. (e) Male visitors during Monday andTuesday

=´

+´æ

èç

ö

ø÷

190 30

100

280 40

100

= + =57 112 169

Male visitors during Wednesday and

Thursday =´æ

èç

ö

ø÷ +

´æ

èç

ö

ø÷

350 60

100

400 35

100

= + =210 140 350

\ Required difference = - =350 169 181

12. (a) Required average

=

´+

´+

´480 40

100

200 60

100

120 75

1003

=+ +

=192 120 90

3134

13. (e) Given, A B- = -8 2 2( )

Þ A B- = -8 2 4

Þ A B- =2 4 ...(i)

Now, C B= + 6 and A C: := 8 5

Let, age of A x= 8

and age of C x= 5

\ Age of B x= -5 6

From Eq. (i), we have

8 2 5 6 4x x- - =( )

Þ 8 10 12 4x x- + =

Þ - = -2 8x Þ x = 4

Hence, age of B = ´ -5 4 6 = 14 yr

14. (e) Let, investment of A = ` x

\ Investment of B = ` (4000 + x)

and investment of C = (̀ )6000 + x

Ratio of profit = ´ + ´x x12 4000 3: ( )

: ( )6000 9+ ´x

= + +12 12000 3 54000 9x x x: :

Let, total annual profit = P

Then,

P

x P

x x x

( )

( ) ( )

54000 9

12 12000 3 54000 9

12

5

+

+ + + +=

Þ 24 66000

54000 9

12

5

x

x

+

+=

Þ 120 330000 648000 108x x+ = +

Þ 12 318000x =

\ x = ` 26500

15. (c) 1 day work of A =1

40

15 days work of A = =15

40

3

8

Remaining work = - =13

8

5

8

Now, 151

40

1 5

8+

æ

èç

ö

ø÷ =

x Þ

3

8

15 5

8+ =

x

Þ 15 2

8x= Þ x = 60

\ B can finish the work alone in 60 days.

16. (e)

17. (b)

103

Hints Solutions&

4 3 5 14 55

×1–1 ×2–1 ×3–1 ×4–1

274

×5–1

3 72 129 173 203

+69

–12

+57

–13

+44

–14

+30

–15

218

+15

114

Directions (Q. Nos. 1-5) Read the passage carefully and choose the option, which is most suitable.

A majority of Indians prefer to use the internet for accessing banking and other financial services than shoppingonline, shows as new survey.

Almost 57% of Indian respondents using the internet prefer to bank online and use other financial services due tohassle-free access and time saving feature of online banking according to the survey. Checking information onproducts and services online come a close second at 53% while 50% shop for products online. The fourth on thelist-around 42% of respondents in India surfed online to look for jobs, the survey said. Online banking has madethings much easier for the people and it saves a lot of time.

It has eliminated the problems associated with traditional way of banking where one had to stand in a queue andfill up several forms. Most of te banks in India have introduced customer-friendly online banking facility withadvanced security features in protect customers against cybercrime. The easy registration process for net bankinghas improved customers’ access to several banking products, increased customers loyalty, facilitated money transferto any bank across India and has helped banks-attract new customers. The Indian results closely track the globaltrends as well conducted among 19126 people from 24 countries, the survey showed that banking and keeping trackof finances and searching for jobs are the main tasks of internet users around the globe.

Overall, 60% of people surveyed used the web to check their bank account and other financial assets in the past 90days, making it the most popular use of the internet. Globally shopping was not too far behind at 48%, the surveyshowed, and 41% went online in search for a job. In terms of country preferences, almost 90% of respondents inSweden use e-banking. Online banking has also caught on in a big way in nations like France, Canada, Australia,Poland, South Africa and Belgium, the survey showed. The Germans and British come on top for using onlineshopping with 74% of respondents in both countries having bought something online in the past three months. Theyare followed by 68% of respondents in Sweden, 65% in the USA and 62% in South Korea.

1. Which of the following statements is not true inthe context of the passage?a. Internet us ers across the globe are mainly in ter ested

in looking for jobs and keeping track of finances.

b. Germany and Great Britain are the top countrieswhere online shopping is quite popular.

c. Many people in Sweden use e-banking to maintaintheir finances.

d. A majority of Indians prefer shopping online ascompared to the other online activities.

e. All the given statements are true.

2. According to the passage, banks are successful inattracting more customers due toa. better training to sales staff

b. opening more branches at various locations

c. easy registration process for net banking

d. Both (b) and (c)

e. Both (a) and (c)

3. How many Indians use the internet to shop online?a. Be tween 40% and 50%

b. One-fourth of them

c. One-third of them

d. Half of them

e. All of them

4. Based on the passage, what can be said about the internet in a nutshell?a. It has increased the rate of cybercrimes.

b. It is useful only for the rich.

c. It has been hyped for no reason.

d. It is more popular for online shopping than anything else.

e. It has made lives easier than before.

5. Which of the following is more nearly the same in meaning asthe world ‘Eliminated’ as used in the passage?a. Taken b. Introduced c. Begun

d. Removed e. Cancelled

Directions (Q.Nos. 6-10) In the following questions, eachsentence has two blanks, followed by five options. Choose theoption that fits both the gaps appropriately.

6. ……………… the last decade, terrorism has ……… as a threat toutilised society.a. Since, come up b. For, come c. From, restarted

d. Over, emerged e. In, developed

7. The huge mango tree …………… fallen ………… the road.a. had, over b. had, on c. has, across

d. is, over e. were, between

Boosters40English Language

Dossier

8. I feel …………… for …………… who are cruel to their pets.a. pity, him b. an ger, those

c. con tempt, them d. annoyance, everybody

e. sympathy, him

9. Just tell your friend to ………… from interfering ……………my affairs.a. abstain, in b. avoid, to c. stop, of

d. desist, by e. start, in

10. A lot of educational institutions have raised …………voices ………… unlimited freedom to students.a. its, for b. strong, stopping c. much, towards

d. her, for e. their, against

Directions (Q.Nos. 11-15) In the following questions,each sentence has an underlined word or phrasefollowed by five alternatives. You are to choose the onethat best keeps the meaning of the original sentence, ifit is substituted for the underlined words or phrases.

11. The soldiers fought tooth and nail to save their country.a. with weap ons b. with bitterness

c. as best as they could d. using unfair means

e. with strength and fury

12. I am tired of the rat-race in the corporate sector.a. mis ery b. corruption

c. unpleasant sight d. fierce competition

e. crime

13. He left the town under a cloud.a. with a heavy heart b. of his own accord

c. in disgrace d. when it was raining

e. at night when it was dark

14. She tried to to slip off, but was caught immediately.a. steal quietly b. go quickly

c. leave quietly d. slide quickly

e. slip fast

15. He turned a deaf ear to his parents’ advice.a. lis tened care fully to b. refused to obey

c. was attentive d. used to his benefit

e. did not hear

Directions (Q. Nos. 16-19) Rearrange the following fivesentences A, B, C, D and E in the proper sequence toform a meaningful paragraph; then answer thequestions given below them.

A. Such carelessness invites flies to the rubbish.

B. Then they come into the house and infect uncoveredfood.

C. In this rubbish, the flies breed and multiply.

D. A lot of people simply dump their rubbish in open.

E. Consumption of such food can only bring disease andsickness.

16. Which of the following should be the FIRST sentence?a. A b. B c. C d. D e. E

17. Which of the following should be the SECOND sentence?a. A b. B c. C d. D e. E

18. Which of the following should be the THIRD sentence?a. A b. B c. C d. D e. E

19. Which of the following should be the FOURTH sentence?a. A b. B c. C d. D e. E

Directions (Q. Nos. 20-23) Choose from the options, the word, which is most similar in meaning to the givenword.

20. Gratuitousa. Unlimited b. Cruel c. Tired d. Rubbish e. Bitter

21. Futilitya. Irrelevance b. Absurdity c. Pointlessness

d. Interference e. Downtrodden

22. Sterlinga. Interesting b. Peculiar c. Exciting

d. Irritating e. Genuine

23. Expeditiousa. De ter mined b. Prompt and efficient

c. Unmerciful and punitive d. Disciplinary

e. Strict and forceful

Directions (Q. Nos. 24-26) Choose from the options theword, which is most opposite in meaning to the givenword.

24. Adversarya. Ally b. Associate c. Senior

d. Partner e. Collaborator

25. Vanitya. Maturity b. Selflessness c. Modesty

d. Humility e. Dignity

26. Segregationa. Inferiority b. Indifference c. Integration

d. Domination e. Subordination

Directions (Q. Nos. 27-30) In the given sentences, aparagraph has been jumbled up. Rearrange theparagraph and then choose the most appropriate optionfor the given questions.

A. They derive this carbon from the carbon dioxide inthe air.

B. Plant’s other needs of nutrients are derived from thesoil and water through their roots.

C. Plants need carbon for building the tissue of theirbodies.

D. Thus, through a complex process calledphotosynthesis, plants receive their requirementsfrom the soil and the Sun.

E. They break up the carbon dioxide using energy fromthe Sun, absorb the carbon and discharge oxygen into the air for animals to breathe.

27. On rearrangement, which will be the FOURTH sentence?a. A b. B c. C d. D e. E

28. On rearrangement, which will be the FIRST sentence?a. A b. B c. C d. D e. E

115

29. On rearrangement, which will be the THIRD sentence?a. A b. B c. Cd. D e. E

30. On rearrangement, which will be the FIFTH sentence?a. A b. B c. Cd. D e. E

Directions (Q. Nos. 31-40) In the following passagethere are blanks, each of which has been numbered.Against each numbers five options are given. Choose the appropriate option and complete the passage.

Something has happened in the last twenty years thatsurely must (31) anything that has happened before.Some historians are already saying that thrust (32)space represents a vital turning point in history. Moonflights are considered (33) less than steps in humanevolution (34) to the time, when life on Earth emergedfrom the sea and established itself on land. Of course,not everyone (35) enraptured by space. Critics haveoften said that space flight has been an (36) use ofresources that should have (37) to feeding, clothing andhousing people. There is, however, no proof that if wehad (38) been working on space we would have doneanything of great human value. In fact, research andexploration have a (39) spin-offs, quite apart from thefact that they demonstrate that (40) is alive andinsatiably curious.

31. a. ter mi nate b. tran scend c. pre cede

d. recede e. descend

32. a. on b. upon c. in

d. into e. for

33. a. noth ing b. cer tainly c. suf fi ciently

d. probably e. possibly

34. a. ex ceed ing b. con trast ing c. com pa ra ble

d. matching e. unlikely

35. a. was b. has been c. had been

d. being e. been

36. a. eco nom i cal b. ex trav a gant c. ap pro pri ate

d. benevolent e. minimal

37. a. de voted b. al lot ted c. re served

d. gone e. spent

38. a. not b. oc ca sion ally c. sel dom

d. possibly e. sometimes

39. a. re nowned b. re nounced c. re mark able

d. relevant e. remedial

40. a. one b. man c. hu man

d. individual e. group

1. (d) The passage clearly states that a majority of Indians preferto bank online and use other financial services, than shoppingonline.

2. (c) Customers-friendly online banking has removed theproblems linked with traditional way of banking; so morecustomers are attracted.

3. (d) The passage mentions that 50% Indians shop for productsonline.

4. (e) Internet has made banking, maintenance of financialassets and shopping easier than before, and it saves a lot oftime.

5. (d) 6. (d) 7. (c) 8. (b) 9. (a)

10. (e) 11. (e)

12. (d) Rat race is a way of life in which people compete with each other for power and money.

13. (c) 14. (c) 15. (b) 16. (d) 17. (a)

18. (c) 19. (b) 20. (d) 21. (c) 22. (e)

23. (b) 24. (a) 25. (d) 26. (c) 27. (b)

28. (c) 29. (e) 30. (d) 31. (b) 32. (d)

33. (a) 34. (c) 35. (a) 36. (b) 37. (d)

38. (a) 39. (c) 40. (b)

116

Answers Explanationsand

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l BANKING INNOVATIONn First printing press for bank notes inIndia was established at Nasik

n The first banknote issued byindependent India was the one rupeenote issued in 1949

n The first bank in India to be given anISO certification is Canara Bank

n The Union government has launched aseven pronged plancalled IndradhanushMission to revamp functioning of

Public Sector Banks

n The impact on the cash reserves ofcommercial banks, if the RBI conducts asale of securities will be Decrease

n To set-up ‘IT Innovation Startup Fund’with a corpus of ` 200 crore for startupsin the financial technology (fintech) space in June, 2016 by State Bank of India

n The RBI uses in order to control themoney supply, volume of bank credit andcost of bank credit through Bank Rate

n An account opened by an Indian bankin the foreign countries in their banks andin that country currency for settlement inthat country’s currency is called

NOSTRO Account

n The prepaid negotiable instrument isknown as Banker’s Cheque (Pay Order)

n With effect from July, 2012, forcalculating of lendingrates, the RBI hasadvised banks to switch over to the

Base Rate Systems

n What is the rate at which banks borrowfunds overnight from the RBI againstapproved government securities?

Marginal Standing Facility (MSF)

n Two new Savings Bank products forchildren namely ‘Pehla Kadam and PehliUdaan’ introduced by State Bank of India

n The private sector bank which launched Facebook based instant fund transferservice to enable users to send money tofriends on social media network is

Kotak Mahindra Bank

n First mutual fund in the country to offerredemption of its units through ATMs ofHDFC Bank and VISA is Reliance MF

n ‘Hum Hai Na’ is slogan of ICICI Bank

n The SBI has applied to open branchesin Pakistan, as per the recent agreementbetween India and Pakistan, at

Lahore and Karachi

n The three pillars, minimum capitalrequirements, asset—LiabilityManagement and Supervisory reviewarethe pillars of the Basel II Framework

n Entity that was granted the PaymentsBank Licence by thr RBI recently India Post

l ECONOMYn He was appointed as the head of oneman committee to study issues related togramin dak sevaks Kamlesh Chandra

n As per the IMF, India’s GDP in FY2016-17 will grow by 6.6%

n As per a survey conducted by theUnion Ministry of Health and FamilyWelafare, the percentage of ‘Not ofStandard Quality’ drugs in India is 3.16%

n This project of Kerala government willbring together different schemes in health sector under one umbrella

Sampoorna Arogya Keralam

n The economy of India is the seventh-largest in the world by Nominal GDP

n Former Prime Minister Narasimha Raoalong with his Finance MinisterManmohan Singh, initiated the economicliberalisation of 1991

n India has classified and tracked itseconomy and GDP as three sectors

Agriculture, Industry and Services

n According to the World Bank, India’sindustrial manufacturing GDP output in2015 was 6th Largest in the World

n Operation launched by the Income TaxDepartment to track deposits postdemonetisation Operation Clean Money

n India Post recently became the thirdentity to receive a license to startpayments bank in India. The other two are

Paytm and Airtel

n As per the Economic Survey, theagriculture sector is set to grow at this per cent during 2016-17 4.1%

n As per the Economic Survey, the tradedeficit declined to this many USDbetween April, 2016 and December, 2017

$ 76.5 Billion

n Tax rate that will be imposed on theincome earned from ` 5 lakh to ` 10 lakhas per the Union Budget 2017-18 20%

n Surcharge to be imposed on the Income earned between ` 50 lakh to ` 1 crore asper the Union Budget 2017-18 10%

n The coverage of Pradhan Mantri FasalBima Yojana will be increased in the FY2017-18 to 40%

n The Atal Pension Yojana is open to allIndians between the age of 18 and 40 Years

n Which Five Year Plan is also known as‘Gadgil Yojana’? Third

n Which 5 Year Plan focused on ‘Growthwith social justice and equity’? Ninth

n National Development Council wasconstituted on August 6, 1952

n The progress in increase of fishproduction was called Blue Revolution

l PUBLIC FINANCEn Te Government will implement (Goods& Services Tax (GST) new indirect taxregime from July 1, 2017

n After completion of 15 years, PublicProvident Fund (PPF) can be extendedup to how many years? 5 Years

n What is the upper limit in PublicProvident Fund (PPF)? ` 1.5 Lakh

n A micro enterprise is an enterprisewhere the investment in equipment

Does not Exceed ` 10 Lakh

n A small enterprise is an enterprisewhere the investment in equipment

` 10 Lakh to ` 2 Crore

n AML is a term mainly used in thefinancial and legal industries. Expand theterm AML Anti Money Laundering

n What is the name given to UnionFinance Ministry’s flagship project whichaims at widening the tax base by catching tax evaders using technology?

Project Insight

121

exam focus

n The Justice AP Shah Committee looking into the issue of levying MinimumAlternate Tax (MAT) on

Foreign Portfolio Investors (FPI)

n Taxation and the government’sexpenditure policy are dealt under whichpolicy? Fiscal Policy

n Who is the Chairman of 14th FinanceCommission? Dr. Y. Venugopal Reddy

n Public finance is the study of the role ofthe government in the Economy

n The government revenue is animportant tool of the fiscal policy of thegovernment and is the opposite factor of

Government Spending

n From when was the Zero BaseBudgeting in India first experimented?

April, 1987

n What is an essential attribute ofinflation? Increase in Prices

n Sales taxes are levied when acommodity is sold to its final Consumer

n An excise duty is an Indirect Tax

n What is the situation with increasingunemployment and inflation termed?

Stagflation

n CENVAT is associated with which rate?Rate of Indirect Tax

l STOCK MARKETn Which is the oldest stock exchangeof India? Bombay Stock Exchange

n Accounts in which shares of variouscompanies are traded in electronic form

Demat Accounts

n ASBA scheme is related to thepurchase of IPO

n Short-term Money lending process isknown as Call Money

n Nidhis are a kind of Mutual Benefit Funds

n The government notified the merger ofcommodities market regulator ForwardMarket Commission with the SEBI

n It means a legally binding agreement tobuy or sell the underlying security on afuture date Future Contract

n MCX-SX is a private stock exchangeheadquartered in Mumbai

n The BSE is the first exchange in Indiaand second in the world to obtain an

ISO 9001:2000 Certificate

n Forward Markets Commissionmerge with the SEBI

n Commercial paper can be issued for amaximum period of 365 Days or 1 Year

n The mutual funds in India followaccounting standards laid by The SEBI

n In what denominations CommercialPaper (CP) can be issued? ` 5 Lakh

n ‘Call Money’ is the borrowing or lending of funds for 1 Day

n Treasury bills or T-bills, which aremoney market instruments, issued by

The Government of India

n Which Committee was assigned torecommend reforms in theinsurance sector? Malhotra Committee

n Which is the oldest stock exchangein world? Amsterdam Stock Exchange

n What is meant by ‘Underwriting’, theterm frequently used in financial sector?

Under Valuation of the Assets

l FINANCIAL INSTITUTIONn Loans of very small amounts given tolow income groups is called Micro Credit

n MUDRA Bank is a wholly-ownedsubsidiary of SIDBI

n SME Rating Agency of India Limited(SMERA) operational from September, 2005

n The NABARD was established in 1982

n Industrial Finance Corporation of India(IFCI) is an Indian government owneddevelopment bank to cater to the long-term finance needs of the Industrial Sector

n National Housing Bank (NHB), awholly-owned subsidiary of thr ReserveBank of India (RBI), was set-up by an Actof Parliament in 1987

n NHB registers, regulates andsupervises Housing Finance Company (HFCs)

n IIFCL is a wholly-owned government ofIndia company set-up in 2006

n Export-Import Bank of India is thepremier export finance institution of thecountry. It commenced operations in 1982

n IIFCL is a wholly-owned government ofIndia company to provide Long-term Finance

n Irrigation and Water Resources Finance Corporation Limited (IWRFC) has beenset-up as a company under theCompanies Act, 1956 on March 29, 2008

l INTERNATIONALORGANISATION

n The WTO officially commenced onJanuary 1, 1995 under the MarrakeshAgreement, signed by 123 nations onApril 15, 1994, replacing the General

Agreement on Tariffs and Trade (GATT)

n The World Bank's official goal is theReduction of Poverty

n The UNESCO is a specialised agencyof the United Nations (UN)

n Irina Georgieva Bokova is a Bulgarianpolitician and the Director-General of

UNESCO

n The headquarters of BRICS Bank ‘NewDevelopment Bank (NDB)’ is located in

Shanghai (China)

n The headquarters of AsianInfrastructure Investment Bank (AIIB) islocated in Beijing (China)

n The ‘Uruguay Round’ negotiationsresulted in the establishment of whichorganisation? WTO

n The Food and Agriculture Organisation(FAO) is an agency of the United Nations

n The UNCDF is the UN’s capitalinvestment agency for the world’s

48 Least Developed Countries

n The UNCDF was established by theGeneral Assembly in 1966 and withheadquarters in New York

n WHO was established on April 7, 1948,headquartered in Geneva (Switzerland)

n The Nuclear Energy Agency (NEA) is an intergovernmental agency that isorganised under the Organisation for

Economic Cooperation and Development

l MISCELLANEOUSn Indian airline service won the ‘Asia’sGreatest Brands 2016’ award SpiceJet

n He was appointed as the new Chairman of the Real Estate company Godrej

Pirojsha Godrej

n World Wetlands Day is celebrated every year on February 2

n Father of Pac-Man and famousJapanese business tycoon who passedaway recently Masaya Nakamura

n This country became the first in theworld to pass a Bill to completely stopinvestment in fossil fuel Ireland

n This State is hosting the 31st SurajkundInternational Crafts Mela Haryana

n This former Union Minister passed away on February 1, 2017 after suffering from a heart attack E. Ahamed

n Person appointed as the InterimManaging Director and CEO of India Post Payments Bank AP Singh

n The Supreme Court recently appointed a four-member Committee of Administratorsto run Board of Control for Cricket in India.The Committee will be headed by Vinod Rai

n As per an announcement made by theUnion Ministry of Finance, the GeneralAnti-Avoidance Rules will come intoforce on April 1, 2017

n Startup firm that launched an integrated accreditation and ERP technologysolution to enable higher educationalinstitutions to better manage their multiple accreditation standards e-Paathsala

n Bank that launched mobile App Mission FINFIT in collaboration with Bangalorestartup Fisdom Lakshmi Vilas Bank

n The cab hailing firm Uber launched itstwo-wheeler aggregation serviceUberMOTO in Hyderabad

n This regulatory agency announced itsplans to set-up a separate department todevelop a sound framework and processfor enforcement action Reserve Bank of India

122

President Shri Pranab Mukherjee

Vice-President Mhd. Hamid Ansari

Prime Minister Shri Narendra Modi

Cabinet MinistersMinister Portfolio

Rajnath Singh Home Affairs

Sushma Swaraj External Affairs

Arun Jaitley Finance and Corporate Affairs

M. Venkaiah Naidu Information & Broadcasting, UrbanDevelopment, Housing and UrbanPoverty Alleviation

Nitin Jairam Gadkari Road Transport, Highways and Shipping

Ravi Shankar Prasad Law & Justice, Electronics andInformation Technology

Suresh Prabhu Railways

DV Sadananda Gowda Statistics & Programme Implementation

Thaawar Chand Gehlot Social Justice and Empowerment

Dr. Harsh Vardhan Science & Technology, Earth Sciences

Ramvilas Paswan Consumer Affairs, Food and PublicDistribution

Kalraj Mishra Micro, Small and Medium Enterprises

Ananthakumar Chemicals and Fertilizers, Parliamentary Affairs

Jagat Prakash Nadda Health & Family Welfare

Ashok Gajapathi Raju Civil Aviation

Manohar Parrikar Defence

Uma Bharati Water Resources, River Developmentand Ganga Rejuvenation

Harsimrat Kaur Badal Food Processing Industries

Narendra Singh Tomar Rural Development, Panchayati Raj,Drinking Water and Sanitation

Chaudhary BirenderSingh

Steel

Jual Oram Tribal Affairs

Radha Mohan Singh Agriculture & Farmers Welfare

Smriti Zubin Irani Textiles

Prakash Javadekar Human Resource Development

Maneka Sanjay Gandhi Women and Child Development

Anant Geete Heavy Industries & Public Enterprises

Ministers of State (Independent Charge)Minister Portfolio

Vijay Goyal Sports & Youth Affairs, Water Resources,River Development and GangaRejuvenation

Rao Inderjit Singh Planning, Urban Development, Housingand Urban Poverty Alleviation

Jitendra Singh Development of North Eastern Region

Bandaru Dattatreya Labour and Employment

Rajiv Pratap Rudy Skill Development & Entrepreneurship

Shripad Yesso Naik AYUSH

Dharmendra Pradhan Petroleum and Natural Gas

Anil Madhav Dave Environment, Forest and Climate Change

Minister Portfolio

Piyush Goyal Power, Coal, New & Renewable Energyand Mines

Mukhtar Abbas Naqvi Minority Affairs, Parliamentary Affairs

Manoj Sinha Communications and Railways

Nirmala Sitharaman Commerce and Industry

Mahesh Sharma Culture and Tourism

Ministers of StateMinister Portfolio

VK Singh, MJ Akbar External Affairs

Santosh Kumar Gangwar Finance

Faggan Singh Kulaste, Anupriya Patel

Health & Family Welfare

Ajay Tamta Textiles

CR Chaudhary Consumer Affairs, Food andPublic Distribution

Krishna Raj Women & Child Development

Arjun Ram Meghwal Finance and Corporate Affairs

Subhash Ramrao Bhamre Defence

Ramesh Chandappa Jigajinagi Drinking Water and Sanitation

Giriraj Singh, Haribhai ParthibhaiChaudhary

Micro, Small & MediumEnterprises

Sanjeev Kumar Balyan Water Resources, RiverDevelopment & GangaRejuvenation

Sudarshan Bhagat Agriculture and Farmers Welfare

Rajen Gohain Railways

Mansukh L. Mandaviya Road Transport and Highways,Shipping, Chemical andFertilizers

Parushottam Rupala Agriculture and Farmers Welfareand Panchayati Raj

P. Radhakrishnan Road Transport & Highways,Shipping

Kiren Rijiju, Hansraj Gangaram Ahir

Home Affairs

SS Ahluwalia Agriculture & Farmers Welfare,Parliamentary Affairs

Jaswantsinh Sumanbhai Bhabor Tribal Affairs

PP Chaudhary Law & Justice, Electronics &Information Technology

Ram Kripal Yadav Rural Development

Jayant Sinha Civil Aviation

Vishnu Deo Steel

Mahendra Nath Pandey, Upendra Kushwaha

Human Resource Development

YS Chowdhary Science & Technology and Earth Sciences

Babul Supriyo Urban Development, Housingand Urban Poverty Alleviation,Heavy Industries and PublicEnterprises

Rajyavardhan Singh Rathore Information & Broadcasting

Sadhvi Niranjan Jyoti Food Processing Industries

Vijay Sampla, Krishan Pal, RamDas Athawale

Social Justice & Empowerment

PORTFOLIO & PERSON