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Part 1: General Awareness Power Capsule for IBPS RRB PO|CLERK MAINS Exams 2018
The Most Important Current Affairs for IBPS RRB PO|CLERK Mains 2018 .............................................................. 2
US Open 2018 Concludes: Complete List Of Winners................................................................................................. 2
Asian Games 2018 Concludes | Complete List of Medals | Important Highlights .............................................. 2
List of GOLD MEDALS Won by India: .......................................................................................................................... 2
List of SILVER MEDALS Won by India: ....................................................................................................................... 3
List of BRONZE MEDALS Won by India: ..................................................................................................................... 3
Winners of mathematics‘ prestigious Fields medal, known as the Nobel prize for math. ................................... 5
Topic 1: BANKING & FINANCIAL AWARENESS CURRENT AFFAIRS.................................................................. 8
Topic 2: ECONOMY/FINANCIAL CURRENT AFFAIRS ........................................................................................... 10
Topic 3: BUSINESS NEWS (NATIONAL & INTERNATIONAL)............................................................................... 11
Topic 4: Agreements/MOU Signed................................................................................................................................. 12
Topic 5: New Appointments: National ........................................................................................................................... 14
Topic 6: New Appointments: International.................................................................................................................... 15
Topic 7: Awards Given in Different Fields ..................................................................................................................... 15
Topic 8: Summits/ Festivals held in India & World ..................................................................................................... 17
Topic 9: Committees Formed Recently ........................................................................................................................... 20
Topic 10: National Current Affairs .................................................................................................................................. 21
Topic 11: Current Affairs Related to States In India ..................................................................................................... 23
Static Points related to the States in India CM/Governors/Wildlife Santuaries/National Parks / Power Plants
in India ................................................................................................................................................................................. 24
Topic 12: International Current Affairs........................................................................................................................... 28
Topic 13: OBITUARIES (NATIONAL/INTERNATIONAL) ....................................................................................... 30
Topic 14: LIST/INDEXES ANNOUNCED RECENTLY ............................................................................................... 30
Static Points: Index/Reports released by different Organisations .............................................................................. 32
Topic 15: IMPORTANT DAYS OBSERVED RECENTLY ............................................................................................. 33
Topic 16: BOOKS & AUTHORS ....................................................................................................................................... 33
Topic 17: DEFENCE CURRENT AFFAIRS ..................................................................................................................... 34
Topic 18: SPORTS CURRENT AFFAIRS......................................................................................................................... 35
Topic 19: Bills passed/proposed in the Parliament ...................................................................................................... 39
Topic 20: SCIENCE & TECHNOLOGY (NASA, ISRO & OTHERS) ........................................................................... 40
Topic 21: POWER PLANTS ESTABLISHED .................................................................................................................. 41
Topic 22: SCHEMES........................................................................................................................................................... 41
Topic 23: MISCELLANEOUS TOPICS ............................................................................................................................ 44
Topic 24: Static Take Aways from the Current Affairs of September|August|July|June 2018 ............................ 46
International Organizations/Companies in News ....................................................................................................... 46
States| CMs| Governors| Capital| Static General Awareness .................................................................................. 47
Static Facts related to the Ministers ................................................................................................................................. 47
Static Facts related to the Organizations......................................................................................................................... 48
Static Facts related to the Banks & Businesses ............................................................................................................... 48
Other Miscellaneous Static Facts...................................................................................................................................... 49
Countries| Capital| Currencies | ................................................................................................................................... 50
Topic 24: Static Take Aways from the Current Affairs of September|August|July|June 2018
Employment Generation
Finance Minister cited an independent study as
showing that 70 lakh formal jobs will be created this
year.
An outlay of Rs.7148 crore for the textile sector in 2018-
19.
Topic 4: What are the different types of accounts that can be opened in a Bank?
a) Savings Bank Account Savings Bank Account: The rate of interest on savings
b) Current Deposit Account bank account varies from bank to bank & also changes
c) Fixed Deposit Account from time to time. Interest rate is paid to the account
d) Recurring Deposit a/c holders on daily balance basis.
In India the Negotiable Instruments Act was passed 2. Order Cheque: When the word "bearer" appearing on
during 1881 which came into force wef March 01, 1882. the face of a cheque is cancelled & when in its place the
CHEQUE: A cheque is (a) a bill of exchange (b) drawn word "or order" is written on the face of the cheque, the
on a specified bank & (c) not expressed to be payable cheque is called an order cheque. Such a cheque is
otherwise than on demand. It includes electronic image payable to the person specified therein as the payee, or
of a truncated cheque & also an electronic cheque. to any one else to whom it is endorsed (transferred).
AMOUNT OF A CHEQUE: Where amount of a cheque 3. Crossed Cheque: Crossing of cheque means drawing
differs in words & figures, as per Section 18, amount two parallel lines on the face of the cheque with or
written in words should be paid irrespective of the fact, without additional words like " & CO." or "Account
which amount is less or more. Payee" or "Not Negotiable". A crossed cheque cannot be
encashed at the cash counter of a bank but it can only
What are the Types of Cheque? be credited to the payee's account.
1. Bearer Cheque or open Cheque: When the words "or 4. Ante-Dated Cheque: If a cheque bears a date earlier
bearer" appearing on the face of the cheque are not than the date on which it is presented to the bank, it is
cancelled, the cheque is called a bearer cheque. The called as "ante-dated cheque". Such a cheque is valid
bearer cheque is payable to the person specified therein upto 3 months from the date of the cheque.
or to any other else who presents it to the bank for 5. Post-Dated Cheque: If a cheque bears a date which is
payment. yet to come (future date) then it is known as post-dated
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
CERTIFICATE OF DEPOSIT
This scheme was introduced in July 1989, to enable the
banking system to mobilize bulk deposits from the
market, which they can attract at competitive rates of
interest.
Who can Scheduled commercial banks (except RRBs)
issue & All India Financial Institutions within
their ‗Umbrella limit‘.
CRR/SLR Applicable on the issue price in case of banks
Investors Individuals (other than minor), corporations,
companies, trusts, funds, associations etc.
Maturity Min: 7 daysMax : 12 Months (in case of FIs
minimum 1 year & maximum 3 years).
Amount Min: Rs. 1 lac, beyond which in multiple of
Rs. 1 lac
Int. Rate Market related. Fixed or floating MERCHANT BANKING
Loan Against collateral of CD not permitted Merchant banking stands for providing various services
Nature Usance Promissory note. Can be issued in relation to capital market & financing the corporate sector.
Dematerialisation form only wef June 30, The Merchant Bankers provide consultancy to the
2002 corporate sector on the issues like finance, capital structure
& investment, mergers, takeover & amalgamations,
COMMERCIAL PAPER establishing coordination between the Govt. & the
i. CP introduced during 1990, is a short term money corporate sector.
market instrument issued as an unsecured usance
promissory note & privately placed. CAPITAL MARKETS IN INDIA
ii. Who can issue Commercial paper (CP): Companies,
a) It refers to all the facilities & institutional arrangements
primary dealers (PDs) & all-India financial institutions
for borrowing & lendingmedium & long-term funds.
(FIs).
Topic 18: What are the BASEL-3 Norms & a brief on the 3 Pillars of Basel?
Basel Committee is the primary global standard-setter According to Basel Committee on Banking Supervision
for the prudential regulation of banks & provides a "Basel III is a comprehensive set of reform measures,
forum for cooperation on banking supervisory matters. developed by the Basel Committee on Banking
Its mandate is to strengthen the regulation, supervision Supervision, to strengthen the regulation, supervision
& practices of banks worldwide with the purpose of & risk management of the banking sector".
enhancing financial stability. Basel 3 measures aim to:
Stefan Ingves, Governor of Sveriges Riks bank a) Improve the banking sector's ability to absorb shocks
(SWEDEN), is the Chairman of the Basel Committee. arising from financial & economic stress, whatever the
Basel III or Basel 3 released in December, 2010 is the source
third in the series of Basel Accords. These accords deal b) Improve risk management & governance
with risk management aspects for the banking sector. c) Strengthen banks' transparency & disclosures.
Topic 20: How the amount can be transferred from one Bank A/c to the other?
Real Time Gross Settlement (RTGS) = Max Rs. 15 & above Rs. 2 lac = Max Rs. 25 (w.e.f.
RTGS implemented w.e.f. 26.03.2004 is a centralized 13.07.2012).
payment system operated by RBI. In RTGS inter-bank
payment instructions are processed & settled, on gross CENTRALIZED FUNDS MANAGEMENT SYSTEMS
basis in a real time environment. (CFMS): CFMS was operated & maintained by RBI to
It uses Indian Financial Network (INFINET) & SFMS enable operations on current accounts maintained at
platforms. RTGS is regulated by RTGS System various offices of the RBI, through standard message
Regulations, 2013. formats in a secure manner.
NEPAL REMITTANCE SCHEME: It is a cross-border
National Electronic Funds Transfer (NEFT) one-way remittance facility scheme, for remittance from
RBI operationalized NEFT System in Nov 2005. It India to Nepal. Amount: Up to Indian Rs. 50,000 from
facilitates transfer of funds from any bank branch to NEFT branches. Beneficiary will receive funds in
any other bank branch. Nepalese rupees.
Amount: There is no lower/upper value limit. CORE BANKING SOLUTIONS: Core Banking
Bank account: NEFT is an account to account transfer Solutions (CBS) or Centralised Banking Solutions is the
system. The remitter & beneficiary should have a bank process which is completed in a centralized
account. environment i.e. under which the information related to
Processing Charges/Service Charges the customer‘s account (i.e. financial dealings,
1. Banks cannot levy any charges for inward NEFT, profession, income, etc.) is stored in the Central Server
2. For outward NEFT: Up to Rs. 10000 = Rs. 2.50, above of the bank (that is available to all networked branches)
Rs. 10000 to Rs. 1 lac = Rs. 5. Above Rs. 1 lac to Rs. 2 lac instead of the branch server.
Topic 21: What are the types of Accounts that can be opened by Foreign (Person) in
India?
a) NRO A/c (Foreign Tourist) All payments to residents exceeding INR 50,000 can be
Foreign tourists during their short visit to India can made only by means of cheques / pay orders / DDs.
open a Non-Resident (Ordinary) Rupee (NRO) account b) EEFC A/c
(Current / Savings) with any Authorised Dealer bank Exchange Earners' Foreign Currency Account (EEFC) is
dealing in foreign exchange. an a/c maintained in foreign currency with Authorised
Can be opened up to a maximum period of 6 months. Dealer.
Topic 25: What is Base Rate, MCLR & Other rates of Lending?
Base Rate By using MCF, it will be calculated as: Required CRR ×
RBI decided that banks should switch over to Base Rate (marginal cost) / (1-CRR)
system w.e.f. 1.7.2010.
Banks may determine their actual lending rates w.r.t. Exemptions from MCLR
Base Rate. loans under schemes of Govt. of India wherein banks
No loan can be sanctioned below base rate. have to charge interest rate as per the scheme.
Exempted accounts: The following loans could be Working Capital Term Loan, Funded Interest Term
priced without reference to Base Rate: (a) DRI loans (b) Loan etc. as part of rectification/restructuring package.
loans to banks‘ own employees (c) loans to banks‘ Loans under various refinance schemes of Govt. of
depositors against their own deposits. India or any Govt. Undertaking wherein banks charge
interest at the rates prescribed under the schemes.
Marginal Cost Based Lending Rate The following loans can be priced without being linked
RBI introduced MCLR w.e.f. 1.4.2016 to determine Base to MCLR :
Rate by banks to improve the efficiency of monetary a) Loan to depositors against their own deposits.
policy transmission. b) Loan to banks‘ employees & Chief Executive
All rupee loans sanctioned & credit limits renewed Officer/Whole Time Directors.
w.e.f. 01.04.16 to be priced w.r.t. MCLR. It will be c) Loans linked to a market determined external
internal benchmark. benchmark.
The MCLR comprises of (a) Marginal cost of funds; (b) d) Fixed rate loans. In case of hybrid loans where the
Negative carry on account of CRR; (c) operating costs; interest rates are partly fixed & partly floating, interest
(d) Tenor premium. rate on the floating portion should adhere to the MCLR
Marginal Cost of funds (MCF): It has 2 components (a) guidelines.
Marginal cost of borrowings (b) return on networth.
Topic 31: What are the important codes that are used in Banking?
IFSC (Indian Financial System Code) MICR – Magnetic ink character Recognition
Indian Financial System Code is an alpha-numeric code MICR is 9-digit numeric code that uniquely identifies a
that uniquely identifies a bank-branch participating in the bank branch participating in electronic clearing scheme.
NEFT system. Used to identify the location of a bank branch.
This is an 11 digit code with the first 4 alpha characters City (3) Bank (3) Branch (3)
representing the bank, The 5th character is 0 (zero) & the It is allotted to a bank branch is printed on the MICR band
last 6 characters representing the bank branch. of cheques. MICR used for electronic credit system.
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General Awareness Power Capsule for IBPS RRB PO|CLERK MAINS Exams 2018
A majority of FOREX related message are sent to
SWIFT Code: Society for Worldwide Interbank financial correspondent banks abroad through SWIFT.
tele-communication SWIFT Code consist 8 or 11 character when code is 8 digit,
India was 74th Nation to join SWIFT Network. it is referred to primary office.
SWIFT Code is a standard format of bank Identifier code. 4 – bank code 2 – country code 2 – location code 3
This code is used particularly in International transfer of – branch code (optional)
money between banks.
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