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Part 1: Current Affairs Capsule Content for SBI PO |CLERK|MAINS|BOB|RBI Grade B
Must Do Current Affairs for SBI PO|CLERK|BOB|RBI Exams 2018 ............................................................................................ 2
Topic 1: BANKING & FINANCIAL AWARENESS CURRENT AFFAIRS ................................................................................... 10
Topic 2: ECONOMY related Current Affairs .................................................................................................................................... 13
Topic 3: Business based Current Affairs ............................................................................................................................................ 14
Topic 4: Agreements signed between Countries & Organizations ................................................................................................ 15
Topic 5: New Appointments in India ................................................................................................................................................. 17
Topic 6: New Appointments in the World ........................................................................................................................................ 18
Topic 7: Awards given in different fields .......................................................................................................................................... 19
Topic 8: Summits/ Festivals held in India & World ........................................................................................................................ 22
Topic 9: Committees formed recently ................................................................................................................................................ 24
Topic 10: Current Affairs related to India (National Current Affairs)........................................................................................... 25
Topic 11: CURRENT AFFAIRS RELATED TO STATES IN INDIA ............................................................................................... 28
Static Points related to the States in India CM/GOVERNORS/WILDLIFE SANTUARIES/NATIONAL PARKS / POWER
PLANTS IN INDIA ............................................................................................................................................................................... 30
Topic 11: INTERNATIONAL CURRENT AFFAIRS ........................................................................................................................ 34
Topic 12: OBITUARIES (NATIONAL/INTERNATIONAL) .......................................................................................................... 36
Topic 13: LIST/INDEXES ANNOUNCED RECENTLY .................................................................................................................. 36
Static Points: Index/Reports released by different Organisations ................................................................................................. 39
Topic 14: IMPORTANT DAYS OBSERVED RECENTLY ................................................................................................................ 39
Topic 15: BOOKS & AUTHORS .......................................................................................................................................................... 41
Topci 16: DEFENCE CURRENT AFFAIRS ........................................................................................................................................ 41
Topic 17: SPORTS CURRENT AFFAIRS ............................................................................................................................................ 42
Topic 18: Bills passed/proposed in the Parliament ......................................................................................................................... 45
Topic 19: SCIENCE & TECHNOLOGY (NASA, ISRO & OTHERS) .............................................................................................. 45
Topic 20: SCHEMES.............................................................................................................................................................................. 46
Topic 21: National & International Visits .......................................................................................................................................... 48
Topic 22: Current Affairs based on Miscellanous Categories ......................................................................................................... 50
Topic 23: Static Take Aways from the Current Affairs of April|May|June|July 2018 .............................................................. 52
International Organizations/Companies in News ........................................................................................................................... 52
States| CMs| Governors| Capital| Static General Awareness ..................................................................................................... 52
Static Facts related to the Ministers .................................................................................................................................................... 53
Static Facts related to the Organizations ............................................................................................................................................ 53
Static Facts related to the Banks & Businesses .................................................................................................................................. 54
Other Miscellaneous Static Facts......................................................................................................................................................... 55
Countries| Capital| Currencies | SBI PO-CLERK MAINS 2018................................................................................................... 55
preliminary report on airport traffic for 2017. Hartsfield-Jackson Atlanta Airport, USA secured top spot.
Bengaluru is found to be the highest paying city in the country, as per Randstad Insights, the research & analysis
division of Randstad India.
Patna tops in 4G connectivity among 20 of India’s largest cities, as per the OpenSignal, a wireless coverage mapping
company.
‘Internet Security Threat Report’ by Symantec India emerged as 3rd most USA on top of the report.
vulnerable country
Global Startup Ecosystem: Startupblink Report India ranks 37th Topped by USA.
Bloomberg Billionaires Top 100 Index Reliance Industries CMD Mukesh Amazon CEO Jeff Bezos
Ambani ranked 19th topped the index.
Asia| Alibaba co-founder Jack
Ma (13th) the richest
Anushka Sharma & Badminton Ace P V Sindhu featured in the Forbes 30 Under 30 Asia 2018 list.
India become the 3rd largest electricity producer in the world. Topped by China.
India overtaken Germany to become the fourth largest automobile market in the world. Topped by China.
Topic 23: Static Take Aways from the Current Affairs of April|May|June|July 2018
International Organizations/Companies in News World Health Organization is a specialized agency of
ILO is a United Nations agency dealing with labour the United Nations that is concerned with international
problems. Headquarters of ILO is in Geneva, public health. WHO was established on 7th April 1948.
Switzerland. Guy Ryder is current Director-General of HQ of WHO is in Geneva, Switzerland. Tedros
the ILO. Adhanom is Director general of the World Health
BIMSTEC stands for Bay of Bengal Initiative for Multi- Organisation.
Sectoral Technical & Economic Cooperation. Member UNEP was founded as result of United Nations
countries: India, Nepal, Bangladesh, Bhutan, Sri Lanka Conference on Human Environment in June 1972. It is
from South Asia & Myanmar, Thailand from South East headquartered in Nairobi, Kenya.
Asia. Nordic countries include Sweden, Norway, Finland,
The EU, which consists of 28 countries, has the world's Denmark & Iceland. Sweden Capital- Stockholm,
largest economy & its third largest population, after Currency- Swedish krona. The United Kingdom
China & India. Capital- London, Currency- British pound.
Forbes- American Business Magazine, Founded in- UNASUR was promoted by late Venezuelan President
1917. Headquarters- New York City, USA. Hugo Chavez. Bolivia, Ecuador, Guyana, Surinam,
President of the World Bank- Jim Yong Kim. Uruguay & Venezuela remain in the bloc.
Headquarters of World Bank- Washington, DC. SCO, headquartered in Beijing, was founded in 2001.
NASA- National Aeronautics & Space Administration. The Secretary-General of Commonwealth is Patricia
NASA was founded in 1958. Jim Bridenstine is the 13th Scotland.
Administrator of NASA. WHO Headquarters in Geneva, Switzerland. Dr Tedros
Google CEO- Sundar Pichai, Parent organization- Adhanom Ghebreyesus is the Present Director-General
Alphabet Inc., Headquarters- The USA. of WHO.
António Guterres is the Secretary-General of the UN. UNESCO- United Nations Educational, Scientific &
UN Headquarters in New York, United States. Cultural Organization. France's Audrey Azoulay- 11th
UNHRC is based in Geneva, Switzerland. It is a body of DG of UNESCO, Headquarters- Paris, France.
47-member states within the United Nations, tasked Managing Director of IMF- Christine Lagarde,
with upholding human rights. It was created in 2006. Headquarters in- Washington DC, USA.
Sir Craig Reedie is the President of World Anti-Doping
Agency (WADA). It Headquarters in Montreal, Canada. States| CMs| Governors| Capital| Static General
Asian Infrastructure Investment Bank President- Liqun Awareness
Jin. AIIB Headquarters in Beijing, China. Gujarat CM- Vijaybhai R. Rupani, Governor- Om
France's Audrey Azoulay- 11th DG of UNESCO, Prakash Kohli.
Headquarters- Paris, France. Anil Baijal is the present Lieutenant Governor of Delhi.
FATF is an inter-governmental body established in 1989 Madhya Pradesh CM- Shivraj Singh Chouhan,
to combat money laundering, terrorist financing & other Governor- Anandiben Patel.
related threats to the integrity of the international Assam CM- Sarbanand Sonowal, Governor- Jagdish
financial system. Mukhi.
World Archery’s headquarters are situated in Maison Professor Ganeshi Lal is the present Governor of
du Sports International in the Olympic Capital of Odisha.
Lausanne, Switzerland. Maharashtra CM- Devendra Fadnavis, Governor- CV
The World Bank is an international financial institution Rao.
that provides loans to countries of the world for capital Jammu & Kashmir Former CM- Mehbooba Mufti,
projects. World Bank has 189-member countries. Jim Governor- N N Vohra.
Yong Kim is President of the World Bank. Chhattisgarh CM- Dr. Raman Singh, Governor- Balramji
UNCTAD is the main United Nations body dealing Dass Tandon.
with trade, investment, & development issues. Telangana CM- K Chandrasekhar Rao, Governor- E.S
Headquarters of UNCTAD is in Geneva, Switzerland. Lakshmi Narasimhan (Add. Charge).
Group of Seven (G7) is a group consisting of Canada, Punjab CM- Captain Amarinder Singh, Governor- V.P.
France, Germany, Italy, Japan, the United Kingdom, & Singh Badnore.
the United States. Krishna Kant Paul is present Governor of Uttarakhand.
Dehradun is the capital of Uttarakhand.
Topic 4: What are the different types of accounts that can be opened in a Bank?
a) Savings Bank Account term deposits are with or without-premature-
b) Current Deposit Account withdrawal-facility, subject to the following guidelines:
c) Fixed Deposit Account a) All term deposits of individuals (held singly or jointly)
d) Recurring Deposit a/c of Rs.15 lakh & below should, necessarily, have
Savings Bank Account: The rate of interest on savings premature withdrawal facility.
bank account varies from bank to bank & also changes b) For all term deposits other than (i) above, banks can
from time to time. Interest rate is paid to the account offer deposits without the option of premature
holders on daily balance basis. withdrawal as well.
Current Deposit Account: Taxation of Savings Bank Interest rates: : Interest
a) This account is mainly for big businessmen, companies earned on savings bank accounts is not subject to Tax
& institutions, since there are no restrictions on number Deduction at Source. It is exempt upto Rs. 10,000 in a
of withdrawals from this type of account. From this year.
withdrawal can be made any number of times.
b) For the convenience of the account holders banks also What are Inoperative & Dormant Accounts?
allow withdrawal of amounts in excess of the balance RBI clarified on 30.10.09 that SB account can be treated
of deposit. This facility is known as overdraft facility. as inoperative account only after 2 years from the date
Fixed Deposit Account (also Term Deposit Account): of the last credit entry of interest on Fixed Deposit
Money is deposited in a fixed deposit account to earn account, where FD interest is being credited to SB
interest at a higher rate. account or where dividend on shares is being credited).
Recurring Deposit Account: The rate of interest
allowed on the deposits in this account is higher than Miscellaneous Terms related to the Deposits
that on a savings bank deposit but lower than the rate Unclaimed Deposits: The banks are to furnish to RBI a
allowed on a fixed deposit for the same period. statutory annual return (penalty for delay) for
Note: unclaimed accounts which have not been operated for a
a) Minimum age to open a bank account is now 10 years. period of 10 years or more in December every year u/s
b) Maximum Interest rate is given on FD A/c. 26 of RBI Act.
c) The maximum period of an FD is 10 years & for RD is 10 Demand liabilities: Current deposits, Demand
years. liabilities portion of saving deposits, margins held
against LC/LG, Balances in overdue FD, cash certificate
Important points related to Interest Rates on Bank & RD, Outstanding TTs, MTs & DDs, Unclaimed
Accounts {Differential rate of interest (DRI)} deposits, Credit balance in CC a/c & Deposits held as
Interest on Savings A/c is calculated on daily balance security for loan payable on demand.
basis. Time liabilities: FDs, cash certificate, cumulative &
Now, All SCBs (Excluding RRBs) have the discretion to RDs, time liabilities portion of saving bank deposits,
offer differential interest rates based on whether the staff security deposits, margins against LC not payable
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General Awareness Power Capsule for SBI PO|CLERK MAINS, RBI Grade B & BOB Exams 2018
on demand, deposit held as securities for advances & India Dev Bonds.
In India the Negotiable Instruments Act was passed The expression “clearing house” means the clearing
during 1881 which came into force wef March 01, 1882. house managed by the RBI or a clearing house
CHEQUE: A cheque is (a) a bill of exchange (b) drawn recognised as such by the RBI.’
on a specified bank & (c) not expressed to be payable
otherwise than on demand. It includes electronic image The Parties of a Cheque
of a truncated cheque & also an electronic cheque. There are three parties to the cheque
AMOUNT OF A CHEQUE: Where amount of a cheque Drawer or Maker
differs in words & figures, as per Section 18, amount The bank - on whom the cheque is drawn (i.e. the bank
written in words should be paid irrespective of the fact, with whom the account is maintained by the drawer)
which amount is less or more. Payee – Payee is the person whose name is mentioned
on the chequeto whom or to whose order the money is
What are the Types of Cheque? directed to be paid.
1. Bearer Cheque or open Cheque: When the words "or ENDORSEMENT: As per Section 15, endorsing means
bearer" appearing on the face of the cheque are not signing on the face or backside of an instrument (or
cancelled, the cheque is called a bearer cheque. The even on a paper called Allonge or stamped paper), for
bearer cheque is payable to the person specified therein the purpose of negotiating (transferring to next person)
or to any other else who presents it to the bank for a negotiable instrument.
payment. Endorsement in full: If an endorser signs his name &
2. Order Cheque: When the word "bearer" appearing on adds a direction to pay the amount mentioned in the
the face of a cheque is cancelled & when in its place the instrument to, or to order of, a specified person, the
word "or order" is written on the face of the cheque, the endorsement is said to be in full. Blank endorsements
cheque is called an order cheque. Such a cheque is can be converted into full.
payable to the person specified therein as the payee, or Restrictive endorsement: Where an endorsement
to any one else to whom it is endorsed (transferred). prohibits & restricts further negotiability of the
3. Crossed Cheque: Crossing of cheque means drawing instrument, it is called restricted endorsement. The
two parallel lines on the face of the cheque with or words ‘Pay to Ashish only’ or ‘Pay to Ashish for my
without additional words like " & CO." or "Account use’ or ‘Pay to Ashish for account of B’, are the cases of
Payee" or "Not Negotiable". A crossed cheque cannot be restrictive endorsement.
encashed at the cash counter of a bank but it can only A Brief on Crossing of a Cheque
be credited to the payee's account. Crossing of a cheque means two parallel transverse
4. Ante-Dated Cheque: If a cheque bears a date earlier lines on the face with or without words, such as ‘ & Co’,
than the date on which it is presented to the bank, it is ‘not-negotiable’, ‘payee’s account only’ etc. The words
called as "ante-dated cheque". Such a cheque is valid without lines will not constitute crossing. Such
upto 3 months from the date of the cheque. instruments should not be paid as drawer’s mandate is
5. Post-Dated Cheque: If a cheque bears a date which is not clear.
yet to come (future date) then it is known as post-dated Crossing is applicable in case of cheques & demand
cheque. It cannot be honoured earlier than the date on draft only & does not cover BOE or promissory note.
the cheque.
6. Stale Cheque: If a cheque is presented for payment What are the Types of Crossing?
after 3 months from the date of the cheque it is called General crossing (sec 123): General crossing is where a
stale cheque. A stale cheque is not honoured by the cheque bears across its face two parallel transverse lines
bank. (with or without words such as “& co” or any
7. A self-cheque: It is written by the account holder as pay abbreviation. (Words not important, lines are).
self to receive the money in the physical form from the Special crossing (sec 124): Where a cheque bears across
branch where he holds his account. its face, name of bank, either with or without the words
8. “A truncated cheque” means a cheque which is not-negotiable (lines are not important, the addition of
truncated during the course of a clearing cycle, either name of the bank is important), that addition shall be
by the clearing house or by the bank whether paying deemed as special crossing & the cheque be considered
or receiving payment, immediately on generation to be crossed specially to banker.
of an electronic image for transmission.
Current Status of the Pradhan Mantri Jan - Dhan Yojana as on 4th July 2018
Topic 8: Financial Market| Important Points on Money Market, Capital Market &
their Instruments
Topic 18: What are the BASEL-3 Norms & a brief on the 3 Pillars of Basel?
Basel Committee is the primary global standard-setter Basel III or Basel 3 released in December, 2010 is the
for the prudential regulation of banks & provides a third in the series of Basel Accords. These accords deal
forum for cooperation on banking supervisory matters. with risk management aspects for the banking sector.
Its mandate is to strengthen the regulation, supervision According to Basel Committee on Banking Supervision
& practices of banks worldwide with the purpose of "Basel III is a comprehensive set of reform measures,
enhancing financial stability. developed by the Basel Committee on Banking
Stefan Ingves, Governor of Sveriges Riks bank Supervision, to strengthen the regulation, supervision
(SWEDEN), is the Chairman of the Basel Committee. & risk management of the banking sector".
Topic 20: How the amount can be transferred from one Bank A/c to the other?
Amount: There is no lower/upper value limit.
Real Time Gross Settlement (RTGS) Bank account: NEFT is an account to account transfer
RTGS implemented w.e.f. 26.03.2004 is a centralized system. The remitter & beneficiary should have a bank
payment system operated by RBI. In RTGS inter-bank account.
payment instructions are processed & settled, on gross Processing Charges/Service Charges
basis in a real time environment. 1. Banks cannot levy any charges for inward NEFT,
It uses Indian Financial Network (INFINET) & SFMS 2. For outward NEFT: Up to Rs. 10000 = Rs. 2.50, above
platforms. RTGS is regulated by RTGS System Rs. 10000 to Rs. 1 lac = Rs. 5. Above Rs. 1 lac to Rs. 2 lac
Regulations, 2013. = Max Rs. 15 & above Rs. 2 lac = Max Rs. 25 (w.e.f.
13.07.2012).
National Electronic Funds Transfer (NEFT)
RBI operationalized NEFT System in Nov 2005. It CENTRALIZED FUNDS MANAGEMENT SYSTEMS
facilitates transfer of funds from any bank branch to (CFMS): CFMS was operated & maintained by RBI to
any other bank branch. enable operations on current accounts maintained at
Topic 21: What are the types of Accounts that can be opened by Foreign (Person) in
India?
a) NRO A/c (Foreign Tourist) NRI/PIO may remit from the balances held in NRO
Foreign tourists during their short visit to India can account an amount not exceeding USD one million per
open a Non-Resident (Ordinary) Rupee (NRO) account financial year, subject to payment of applicable taxes.
(Current / Savings) with any Authorised Dealer bank The limit of USD 1 million per financial year includes
dealing in foreign exchange. sale proceeds of immovable properties held by
Can be opened up to a maximum period of 6 months. NRIs/PIOs.
All payments to residents exceeding INR 50,000 can be
made only by means of cheques / pay orders / DDs. Non-Resident (External) Rupee Account (NRE Account)
NRE account may be in the form of savings, current,
b) EEFC A/c recurring or fixed deposit accounts.
Exchange Earners' Foreign Currency Account (EEFC) is Account will be maintained in Indian Rupees.
an a/c maintained in foreign currency with Authorised Accrued interest income & balances held in NRE
Dealer. accounts are exempt from Income tax.
It is a facility provided to foreign exchange earners, Authorised dealers/authorised banks at their discretion
including exporters, to credit 100% of their foreign allow for a period not more than two weeks,
exchange earnings to the a/c, so that the account overdrawings in NRE savings bank accounts, up to a
holders do not have to convert foreign exchange into limit of Rs. 50,000.
Rupees, thereby minimizing the transaction costs. Loans up to Rs.100 lakh can be extended against
All categories of foreign exchange earners, such as security of funds held in NRE Account either to the
individuals, companies, etc. who are resident in India, depositors or third parties.
may open EEFC accounts.
It can be held only in the form of a current account. No Foreign Currency Non-Resident (Bank) Account – FCNR
interest is payable on EEFC accounts. (B) Account
FCNR (B) accounts are only in the form of term
ACCOUNTS FOR NRI/PIO: Non-Resident Ordinary deposits of 1 to 5 years
Rupee Account (NRO Account) Account can be in any freely convertible currency.
NRO accounts may be opened / maintained in the form Loans up to Rs.100 lakh can be extended against
of current, savings, recurring or fixed deposit accounts. security of funds held in FCNR (B) deposit either to the
Interest rates offered by banks on NRO deposits cannot depositors or third parties.
be higher than those offered by them on comparable The interest rates are stipulated by the Department of
domestic rupee deposits. Banking Operations & Development, RBI.
Account should be denominated in Indian Rupees.
Topic 25: What is Base Rate, MCLR & Other rates of Lending?
Base Rate All rupee loans sanctioned & credit limits renewed
RBI decided that banks should switch over to Base Rate w.e.f. 01.04.16 to be priced w.r.t. MCLR. It will be
system w.e.f. 1.7.2010. internal benchmark.
Banks may determine their actual lending rates w.r.t. The MCLR comprises of (a) Marginal cost of funds; (b)
Base Rate. Negative carry on account of CRR; (c) operating costs;
No loan can be sanctioned below base rate. (d) Tenor premium.
Exempted accounts: The following loans could be Marginal Cost of funds (MCF): It has 2 components (a)
priced without reference to Base Rate: (a) DRI loans (b) Marginal cost of borrowings (b) return on networth.
loans to banks’ own employees (c) loans to banks’ By using MCF, it will be calculated as: Required CRR ×
depositors against their own deposits. (marginal cost) / (1-CRR)
Part 3: Static General Awareness Capsule for SBI PO| Clerk| BOB & RBI Grade B Exam 2018
Topic 1: List of Union Cabinet Ministers & their Constituency ..................................................................................... 88
Topic 2: Upcoming Important Sport Events...................................................................................................................... 90
Topic 3: The Headquarters of the UN Organizations ...................................................................................................... 90
Topic 4: Revolutions in the field of Agriculture in India................................................................................................. 91
Topic 5: A Brief on the Census 2011 ................................................................................................................................... 91
Topic 6: Current Office Holders List .................................................................................................................................. 92
Topic 7: Important Ports in India ........................................................................................................................................ 93
Topic 8: The Most Famous Temples in India .................................................................................................................... 93
Topic 9: List of the Important Airports in India ............................................................................................................... 93
Topic 10: What are the names of the Borders/Boundary Lines? ................................................................................... 94
Topic 11: List of Schemes & Apps launched by Banks .................................................................................................... 94
Topic 12: Stock Exchanges around the World................................................................................................................... 94
Topic 13: Dams in India........................................................................................................................................................ 95
Topic 14: CLASSICAL DANCES & FOLK DANCES IN INDIA .................................................................................... 95
Topic 15: The Headquarters of the important Public-Sector Undertakings ................................................................. 96
Topic 16: Nick Names of Important Indian Places ........................................................................................................... 96
Topic 17: Important Defence Exercise Conducted in the World .................................................................................... 97
Topic 18: Stadiums Around the World .............................................................................................................................. 97
Topic 19: List of Important Days......................................................................................................................................... 98
Topic 20: Summits & the Meetings to be held recently ................................................................................................. 100