GK & Current Affairs – July 28, 2016

1. Which Indian bank has recently got in-principle approval from Securities and Exchange Board of India (SEBI) to start Asset Management Company (AMC) in India?
[A]Yes Bank
[B]ICICI Bank
[C]HDFC Bank
[D]Dena Bank
Answer: Yes Bank
Notes:
Yes Bank Ltd, the private sector lender, has recently got an in-principle approval from Securities and Exchange Board of India (SEBI) to sponsor a mutual fund and to setup an Asset Management Company (AMC) and a trustee company in India.
2. Which Indian bank has recently launched an Instant Money Transfer (IMT) payment system on its ATMs in India?
[A]Punjab National Bank
[B]Central Bank of India
[C]State Bank of India
[D]Indian Bank
Answer: State Bank of India
Notes:
The State Bank of India (SBI) has recently launched an Instant Money Transfer (IMT) payment system on its ATMs in India. The system will enable a payment up to Rs.10000 from any SBI bank account to a person using just his/her mobile number as the identifier. The recipient of this payment can withdraw funds instantly from an IMT-enabled ATM of SBI without using a debit card. IMT is a payment system launched in India by Empays Payment Systems. It enables a payment to be made to a mobile phone from a bank account. There is no requirement for the beneficiary to have a bank account. The receiver can obtain the funds immediately from any IMT-enabled ATM.
3. India has signed $1 billion deal with which country for 4 P-8I submarine hunter aircrafts?
[A]United States
[B]Russia
[C]Germany
[D]France
Answer: United States
Notes:
India has recently signed $1 billion deal with US aerospace major Boeing for purchasing 4 additional P-8I (Poseidon Eight India ) long-range maritime patrol aircraft. With this, the naval surveillance capabilities of Indian Navy will increase. The P-8I is a long-range anti-submarine warfare, anti-surface warfare, intelligence, surveillance and reconnaissance aircraft capable of broad area, maritime and littoral operations.
4. The foreign investment in Indian Stock Exchanges has been increased from 5% to _____?
[A]25
[B]15
[C]10
[D]20
Answer: 15
Notes:
The Union Cabinet has recently approved the foreign shareholding limit from 5% to 15% in Indian Stock Exchanges for a stock exchange, depository, banking company, insurance company and commodity derivative exchange. Apart from this, the Cabinet has also approved the proposal to allow foreign portfolio investors to acquire shares through initial allotment, besides secondary market, in the stock exchanges. This move will help in increasing global competitiveness of Indian stock exchanges by accelerating/facilitating the adoption of latest technology and global best practices which will lead to overall growth and development of the Indian Capital Market.
5. Neelamraju Ganga Prasada Rao, who recently passed away, was the well-known scientist of which field?
[A]Economics
[B]Medical
[C]Telecom
[D]Agriculture
Answer: Agriculture
Notes:
Dr. Neelamraju Ganga Prasada Rao (89), the noted agricultural scientist, has recently passed away in Hyderabad,Telangana. He is famously known as “Father of Hybrid Sorghum” and also famous for his basic and applied research in breeding and agronomy of several dry-land crops.
6. Who has been appointed as the chief Brexit negotiator by the European Commission?
[A]Michael Harney
[B]Michel Barnier
[C]Michelle Kakade
[D]Michael Kors
Answer: Michel Barnier
Notes:
Michel Barnier, ex-European Commission vice-president and former French Minister, has been appointed as the chief Brexit negotiator by the European Commission. With this, he has become in charge of leading the Commission Taskforce for the Preparation and Conduct of the Negotiations with the United Kingdom (UK) under Article 50 of the Treaty on European Union (TEU).
7. Nandu Pol, who passed away recently, was related to which field?
[A]Theatre
[B]Journalism
[C]Economics
[D]Science
Answer: Theatre
Notes:
Nandu Pol (68), the noted Marathi theatre actor and founder member of “Theatre Academy”, has recently passed away in Maharashtra. Pol acted in many feature and short films and TV serials, educational films and documentaries viz. Tin Paishacha Tamasha, Mahanirvan, Samna, Sinhasan, etc. He also penned his 5-decade-long creative journey in his book ‘Mi Nandu Pol’.
8. What is the theme of 2016 World Hepatitis Day (WHD) ?
[A]It’s closer than you think
[B]Hepatitis: Think Again
[C]Prevention of viral Hepatitis
[D]Elimination
Answer: Elimination
Notes:
The World Hepatitis Day (WHD) is observed every year on July 28 to raise global awareness of hepatitis, which is a group of infectious diseases known as Hepatitis A, B, C, D and E. The 2016 theme is “Elimination”.
9. The 2016 SAARC Home Ministers’ conference will be held in which country?
[A]India
[B]Pakistan
[C]Nepal
[D]Bhutan
Answer: Pakistan
Notes:
The 2016 SAARC Home Ministers’ conference will be held in Islamabad, Pakistan. The focus of the conference will be on strengthening networking among police authorities of SAARC member-countries and increasing information-sharing among law enforcement agencies. From India, Union Home Minister Rajnath Singh will attend the conference.
10. The book “The Sialkot Saga” has been authored by whom?
[A]Manmohan Desai
[B]Vijay Goel
[C]Ashwin Sanghi
[D]Pritish Nandy
Answer: Ashwin Sanghi
Notes:
The book “The Sialkot Saga” has been authored by Ashwin Sanghi. The book begins in the aftermath of Partition in Sialkot, Pakistan.It is a heady mix of past and present, fact and fiction, history and mythology and business and politics. .

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