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1.Which among the following are correct about recent banking sector initiatives?

1. India’s first biometric-based payment system “Aadhaar Pay” has been launched by IDFC Bank
2. ‘Work from Home’ facility has been launched by south indian Bank
3. First Artificial Intelligence (AI)-based banking chat bot launched by HDFC

A. 1 and 2 only

B. 1 and 3 only

C. 2 and 3 only

D.None of the above

[shc_shortcode class=”shc_mybox”]Option B Only 2 is wrong as Its launched by State bank of india. Explanation :Mumbai based State Bank of India has launched a new facility ‘Work from Home’ to enable its employees to work from home. Aim: To enable its employees to work while at home using mobile devices to address any urgent requirement they may have, that prevents their travelling to work. This facility was launched after ‘Work from Home’ policy was recently approved by the Board of the bank[/shc_shortcode]

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2.Recently The Central Board of Direct Taxes (CBDT) has entered into a bilateral Advance Pricing Agreement (APA).

1. The bilateral signing of APAs in this sector provides tax certainty up to nine years in each of these cases.
2. The total number of APAs has increased to 141
3. CBDT signed an Advance Pricing Agreement with rollback provision with a Japanese subsidiar.

A. 1 is correct

B. 1 and 2 is correct

C.1,2 and 3 are correct

D. None of the above

[shc_shortcode class=”shc_mybox”]Option C Explanation Self explanatory as all are correct statements[/shc_shortcode]

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3.Which union ministry has instituted “Kamaladevi Chattopadhya National Awards” for women handloom weavers and women handicraft artisans?

A. Ministry of Women and Child Development

B.Ministry of Panchayati Raj

C. Ministry of Textiles

D.Ministry of Rural Development

[shc_shortcode class=”shc_mybox”]Option C Explanation: The Union Textiles Minister, Smriti Zubin Irani has recently instituted ‘Kamaladevi Chattopadhya National Awards’, a new category of awards especially for women handloom weavers and women handicraft artisans. Beside this, under theme of ‘Mahila Vikas Mahila Ke Saath’, the Textile Minister launched a special campaign to provide MUDRA Loans to women handloom weavers all across the country. The Minister also launched a national campaign to eliminate the exploitative and unhygienic practice of thigh reeling in India (thigh reeling of tasar silk is usually practiced by marginal women entrepreneurs, working every day in their homes during spare time).[/shc_shortcode]

4. Who has been recently accredited as the next Ambassador of lndia to the Principality of Andorra, with residence in Madrid (Spain) ?

A.M. Geerish Desai
B.C. Balchandra Nathan
C.Radheshyam Singh
D.D. Bala Venkatesh Varma

[shc_shortcode class=”shc_mybox”]Option D Explanation :IFS officer, D. Bala Venkatesh Varma has been concurrently accredited as the next Ambassador of lndia to the Principality of Andorra, with residence in Madrid (Spain). Venkatesh was presently working as the ambassador of lndia to the Kingdom of Spain.[/shc_shortcode]

5.Which brand has won the sponsorship rights for Team India for a period of 5 years through a tender process?

A.Star India
B.Vivo
C.Oppo Mobile
D.PayTm

[shc_shortcode class=”shc_mybox”]Option C Explanation :Chinese smartphone manufacturer OPPO Mobiles has bagged the Indian team sponsorship rights for a five-year period starts on 1st April 2017 and continues until 31st March 2022,. The Mobiles major will cough out INR 1079 crore  for the duration of their contract having beaten the only other bid of INR 768 crore (approx USD 115 million) from Vivo, another smartphone manufacturer. The minimum reserve price was set by the Indian Cricket administrator BCCI at INR 538 crore. The existing team sponsor, Star India, whose contract expires on March 31[/shc_shortcode]

6.India has planned to phase out the consumption and manufacturing of the harmful ozone ­depleting substances ­HCFC by which year?

A.2020
B.2029
C.2030
D.2032

[shc_shortcode class=”shc_mybox”]Option C Explanation :In a bid to adhere to its global commitment on Global warming India launched the country’s latest plan to phase­out one of the key refrigerants ­ Hydrochlorofluorocarbon. The HCFC is being used in various sectors including refrigeration, air­conditioning and foam manufacturing. Upon this development which aimed to end use of harmful ozone ­depleting substances (ODS) by switching over to non­ozone depleting and low global warming potential technologies.. The goal of the plan is phase out consumption and manufacturing of this ozone­ depleting refrigerant by 2030. The complete timeline is meant for the 2017-­23 period.[/shc_shortcode]

7. The Peace in the Home initiative has been launched by which organization on March 8, 2017 to tackle the menace of domestic violence against women?

A.Commonwealth Organisation
B.United Nation Security Council
C.World Health Organsiation
D.UNESCO

[shc_shortcode class=”shc_mybox”]Option A Explanation : On the occasion of the International Women’s day, the Commonwealth has launched an initiative “Peace in the Home” to help the member states to deal with domestic violence that impacts the life of women. The “Peace in the home” programme includes a toolkits to help governments across the Commonwealth to deal with the menace. .The toolkit will enable the governments to involve multiple agencies such as schools, doctors and hospitals as well as government and law enforcement agencies to work together effectively by highlighting and sharing details of initiatives that had been particularly successful at dealing with domestic violence.[/shc_shortcode]

8.Sentinel-2B satellite is the ________ satellite in the series of Sentinel satellite launched by the European Space Agency till date.

A.Fourth
B.Fifth
C.Sixth
D.Seventh

[shc_shortcode class=”shc_mybox”]Option B Explanation :Sentinel-2B satellite developed by European Space Agency (ESA) was launched as a part of European Union Copernicus environmental monitoring system. The satellite weighing 1.1 tonne was lifted into the orbit from Europe’s Spaceport in Kourou, French Guiana using a Vega rocket. Sentinels is a family of satellites developed by  European Space Agency (ESA). Sentinel-2B is the fifth in the series of Sentinel satellite that has been launched till date. Sentinel-1A was launched on 3 April 2014 and Sentinel-1B on 25 April 2016. Sentinel-2A was launched on 23 June 2015. Sentinel-3A was launched on 16 February 2016.[/shc_shortcode]

9.With which country, India signed a Protocol for amending the Double Taxation Avoidance Agreement and Protocol on March 9, 2017?

A.Austria
B.Switzerland
C.Belgium
D.Japan

[shc_shortcode class=”shc_mybox”]Option C Explanation :India and Belgium has signed an agreement to amending the existing Agreement and Protocol between the two countries for avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income on March 9, 2017 in New Delhi. The agreement was signed in the presence of Sushil Chandra, Chairman CBDT and Jan Luykx, Ambassador of Belgium to India. During the financial year 2016-17, India has signed protocol with Switzerland, Mauritius, Cyprus, Japan, Republic of Korea, Kazakhstan, Singapore and Austria during the financial year 2016-17.[/shc_shortcode]

10. Which US state has filed a lawsuit against Donald Trump’s revised Muslim travel ban to block the executive order?

A.Hawaii
B.New York
C.Oregon
D.Florida

[shc_shortcode class=”shc_mybox”]Option A Explanation :US State, Hawaii has become the first state to file a lawsuit against Donald Trump’s revised travel ban on 6 Muslim majority countries. The lawsuit was filed by the Attorneys for the state in federal court in Honolulu saying that the order will harm its Muslim population, tourism and foreign students. Trump’s new executive order was signed  and it bars new visas for people from six Muslim-majority countries and temporarily shuts down the US refugee program. It doesn’t apply to travelers who already have visas.[/shc_shortcode]