Today's Current Affairs For SSC CGL, BANKING, RRB NTPC, RBI, SEBI, Exam 30th September 2020

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                           Daily current affairs update for your upcoming examination such as SSC CGL, RRB NTPC, SEBI, RBI, SBI etc. For all Current Affairs Archive CLICK HERE

National Current Affairs 

• Harijan Sevak Sangh celebrates its foundation day.

• South Eastern Railway launched 'Operation My Saheli'.

• The Shanti Swarup Bhatnagar Prize 2020 was announced by the Union science and technology minister Dr Harsh Vardhan.

• Union Minister for Chemicals & Fertilizers Shri. D.V. Sadananda Gowda, launched PoS 3.1 Software, SMS Services and facility of Home delivery of Fertilizers ( RBK) for farmers in Andhra Pradesh.

• Union Housing and Urban Affairs Ministry said, Rs 15,000 Cr Loan Sanctioned For Projects.

• Online Release of Picture Postcard on Sawantwadi Toy by India Post.

• Andhra Pradesh Chief Minister YS Jagan Mohan Reddy launched the YSR Jala Kala Scheme.

• Nagaland Government launched livelihood generation portal for returned migrant workers.

• Gujarat government signed Memorandum of Understanding (MoU) with Denmark in water sector.

• BrahMos Missile Featuring Indigenous Booster Successfully Flight Tested.

• Union Minister Dr Jitendra Singh inaugurates 23 Roads and Bridges projects in Kathua, Doda, Udhampur and Reasi Districts.

• POWERGRID signs MoU with Ministry of Power, Govt. of India detailing targets for year 2020-21.

• Union Home Minister Shri Amit Shah Distributes Electric Potter Wheels to Kumhar community in Gandhinagar.

INTERNATIONAL 

• Amnesty International suspends India operations after accounts are frozen by ED.

BANKING & ECONOMY 

• The National Bank for Agriculture and Rural Development (NABARD) launched a Sanitation Literacy Campaign in Karnataka.

• Flipkart partners with Bajaj Allianz to offer cyber fraud insurance due to rise in the cases to cyber attacks.

• IDBI Bank becomes first bank to enable document embedding feature on Structured Financial Messaging System.

• SIDBI partnered with CRIF to launch " Industry Spotlight".

AWARDS 

• Sonu Sood awarded SDG Special Humanitarian Action Award by United Nations Development Programme UNDP.

OBITUARIES

• Singer Helen Reddy passes away.

• Noted literary critic G. S. Amur passes away.

• Ruler of Kuwait, Sheikh Sabah al-Sabah passes away.

APPOINTMENT

• Shekhar Kapur appointed president of (Film and Television Institute of India) FTII Society & chairman of FTII Governing Council.

• RBI appointed D K Kashyap as director on board of Dhanlaxmi Bank.

• Vedantu appointed Aamir Khan as its brand ambassador.

IMPORTANT DAYS

• September 27: World Rivers Day.

• September 30: International Translation Day. Theme- “Finding the words for a world in crisis”.

BOOKS

• Dr Krishna Saksena launched 'A bouquer of clowers'.

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Securities Market and General Awareness MCQs for SEBI Grade A 2020 Exam Part - 5

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                          MCQs on Securities Market and General Awareness for the upcoming SEBI Grade A/ RBI Grade B examination. It is very important to study relevant and well targeted study material to crack any exam. So Exam Together has provided you with a series of 5 MCQs on Securities Market and General Awareness Section with detailed explanation. For all MCQs Archive CLICK HERE

Securities Market and General Awareness for SEBI Grade A/ RBI Grade B

Q1. What is the maximum limit for investment for an individual in Sovereign Gold Bond?

A. 10 Kg

B. 5 Kg

C. 4 Kg

D. 1 Kg

Explanation: (C) Sovereign Gold Bond Scheme was launched by Government in November 2015.

  

• The minimum investment for an individual in SGB is one gram of gold and in multiples thereof, with a maximum limit of of 4 kg for individuals.

• SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. 

• Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf of Government of India.

• SGB comes with a assured fixed rate interest per annum on the initial investment, which is quite lucrative.

• The tenor of the bond will be a period of 8 years and bondholders can exit the bond at the end of 5th , 6th or 7th year.

Q2. What does 'D' stands for in FIMMDA?

A. Debt

B. Debenture

C. Dissolution

D. Derivatives

Explanation: (D) D stands for Derivatives.

• The Fixed Income Money Market and Derivatives Association of India (FIMMDA). 
• FIMMDA is a voluntary market body for the bond, money and derivatives markets.

• It is an association of Scheduled Commercial Banks, Public Financial Institutions, Primary Dealers and Insurance Companies incorporated as a company under section 25 of the Companies Act, 1956.

• FIMMDA founded on 4th May, 1998.

• FIMMDA main objective is to regulate the dealings in Fixed Income instruments, money market instruments and derivatives products, and to promote ethical code of conduct.

Q3. If a company issues fresh shares, and such shares are offered only to existing shareholders, then such issue is a ________?

A. Initial Public Offering.

B. Right Issue.

C. Private Placement.

D. Offer for Sale.

Explanation: (B) A rights issue is an invitation to existing shareholders to buy additional new shares in the company in proportion of their existing shareholding. This type of issue gives existing shareholders securities called rights.

• Concept of Right Issue of Shares comes under Companies Act, 2013. Section 62(1)(a) of Companies Act, 2013,  deals with the Right Issue. 

• The basic idea is to raise fresh capital and to ensure equitable allocation of shares.

• The existing shareholders are not obliged to subscribe to the right issue, they can also choose to ignore the issue.

• Recently The Securities and Exchange Board of India (SEBI) extended the regulatory approval validity for IPO, Rights Issue up to March 31, 2021.

Q4. 'Soch Kar, Samajh Kar, Invest Kar, is associated with which of the following stock exchange.

A. BSE

B. NSE

C. INX

D. MCX

Explanation: (B) "Soch kar, Samajh kar, Invest kar" is a Trademark of National Stock Exchange Of India Limited.

• This line basically talks about the way of investing to the general public. Think and Understand the investment instrument before investing.

• It is a NSE Investor Awareness Campaign to enable potential investor to make wise investment decisions.

Q5. Corporate Governance takes into account which aspect of the Management?

A. Profitability

B. Integrity

C. Efficiency

D. Business Decisions

Explanation:(B) Corporate Governance is a set of code of conducts, policy and procedures of a company's operations and its dealings with various stakeholders internal as well as external stakeholders i.e. corporate governance essentially involves balancing the interests of a company's many stakeholders, such as shareholders, senior management executives, customers, suppliers, financiers, the government, etc.

Thus it becomes very important for a company to maintain the level of integrity to sustain the business activity.

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Today's Current Affairs For SSC CGL, BANKING, RRB NTPC, RBI, SEBI, Exam 29th September 2020

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                   Daily Current Affairs for the upcoming examination like SSC CGL, IBPS, SEBI, RBI etc.  For all Current Affairs Archive CLICK HERE

National Current Affairs 

• Union Home Ministry sanctioned three new NIA branches at Imphal, Chennai, Ranchi.

• ITBP Director General S S Deswal given additional charge of (National Security Guard) NSG DG.

• India will have now closer scrutiny of imports under Free Trade Agreements (FTAs).

• Department for Promotion of Industry and Internal Trade under Ministry of Commerce and Industry, shared list of key sectors with ministries to work on plan to boost manufacturing including  including food processing, toys, furniture, agro chemicals & textiles.

• Union Health Ministry, Union Health Minister Dr. Harsh Vardhan launched a portal, "Vaccine web portal" & "National Clinical Registry for COVID-19", for updates on COVID-19 vaccine development.

• India, United States, Japan, Australia hold virtual meet on Indo-Pacific under Quad Framework (Quadrilateral Security Dialogue).

• President Ram Nath Kovind gave assent to 3 Farm Bills passed by the Parliament Namely, (1) The Farmers Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020, (2)The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Service Bill, 2020, (3) The Essential Commodities (Amendment) Bill, 2020.

• A bridge named, 'Cable Stayed Bridge' was constructed across Durgam Cheruvu Lake in Telangana. Telangana 

• Municipal Administration and Urban Development Minister K Taraka Ramarao inaugurated it.

• Maritime Union of India (MUI) collaborated with United Nations (UN) to help Indian Sailors struck on ships

• Maharashtra announced the Gan Samragni Lata Mangeshkar award for year 2020-21 to veteran female playback singer Usha Mangeshkar.

• National Institute of Naturopathy (NIN), Pune under Ministry of AYUSH, will be organizing a series of webinars on Gandhian philosophy of Self Reliance through Self Health Reliance on Mahatma Gandhi’s 150th birth anniversary celebrations from 2nd Oct 2020 and which will go on till National Naturopathy Day, i.e., 18th Nov 2020.

• Union Minister of Chemicals & Fertilizers Shri D.V. Sadananda Gowda said, “Chemicals” sector has huge potential for growth.

• National Fertilizers Limited, a PSU under  the Department of Fertilizers, tied up with Industrial Training Institute (ITI) Raghogarh (M.P. ) to train youth in various trades and to enhance the chances of their employability in heavy and process industry.

• Raksha Mantri Shri Rajnath Singh launched Defence India Startup Challenge-4; says defence Startup ecosystem is a decisive step towards achieving self-reliance in the spirit of AtmaNirbhar Bharat campaign. 

• Innovations for Defence Excellence (iDEX) for Fauji (iDEX4Fauji) launched for the first time to encourage innovation among soldiers.

• Environment Ministerial on Air Pollution and Stubble burning with Delhi, Punjab, Haryana, Uttar Pradesh and Rajasthan to be held on 01st of October.

• Dr. Harsh Vardhan, Union Minister of Health and Family Welfare, Science & Technology and Earth Sciences and Shri 

• Santosh Kumar Gangwar, Union Minister of State (Independent Charge), Labour & Employment released a booklet on ‘COVID-19- Safe Workplace Guidelines for Industry’ through virtual platform, in the presence of Dr. V. K. Paul, Member (Health), NITI Aayog.

• National Capital Regional Planning Board (NCRPB) New Delhi, sanctioned over ₹15k cr loan in over ₹31k crore worth projects: Durga Shanker Mishra.

• Power Finance Corporation Ltd (PFC) signed a performance-based ‘Memorandum of Understanding’ (MoU) with Ministry of Power, Govt. of India detailing various targets to be achieved by PFC during FY 2020-21.

INTERNATIONAL 

• Saudi Arabia announced it will hold the G20 summit virtually in November 2020.

• Mr Mustapha Adib, Lebanon's Prime Minister resigned.

BANKING & ECONOMY 

• Reserve Bank of India (RBI)  Extends Enhanced Borrowing Limit for Banks Under MSF Till March 31.

• ICRA Ratings projected India's GDP to contract by 11% in FY21.

• HDFC Bank launched Warehouse Commodity Finance App to enable customers in drawing down and managing the loan against pledge of commodities online without physical intervention.

• Epic Games acquires Microsoft-backed kidtech platform London based SuperAwesome.

• ESG Fund (Environment, Social and Governance) Recently, ICICI Prudential Mutual Fund has come out with its ESG fund. First ESG mutual fund was launched by the State Bank of India - SBI Magnum Equity ESG Fund.

• Bombay Stock Exchange (BSE) joins hands with Yes Bank to empower Small and Medium Enterprises (SMEs).

OBITUARIES

• Veteran songwriter Abhilash, 'Itni shakti hame dena daata' passes away.

• Eminent Critic, Writer Dr G S Amur passes away.

• Former Assam  Chief Minister Syeda Anwara Taimur passes away. She was the Chief Minister of Assam from Dec. 1980 to June 1981.

APPOINTMENT

• Reserve Bank of India (RBI) approved 3- Member Committee of Directors headed by Meeta Makhan to manage the crisis faced by Laxmi Vilas Bank.

• The Khadi and Village Industries Commission (KVIC) appoints Sunil Sethi as its Advisor. Presently, Sunil Sethi is the Chairman of the Fashion Design Council of India.
• Learning app Entri roped in Robin Uthappa as its brand ambassador.

• Twitter appointed Rinki Sethi as new information security head. She was previously working with IBM.

• Alapan Bandyopadhyay appointed new Chief Secretary of West Bengal. He will replace Rajiva Sinha.

• P. D. Vaghela appointed as new Telecom Regulatory Authority of India (TRAI) chairman.

• Former Mali Foreign Minister Moctar Ouane named transitional Prime Minister.

IMPORTANT DAYS

• September 29: International Day of Awareness on Food Loss and Waste Reduction. In 2019, UN designated 29 September as International  Day of Awareness of Food Loss & Waste recognizing the vital role sustainable food production. Theme- Stop food loss and waste. For the people. For the planet.

• September 29: World Heart Day. Created by World Heart Federation on September 29, 1999. Theme- Use heart to beat CVD.

• September 27: World Deaf Day. Theme- Reaffirming Deaf People's Human Rights.

SPORTS 

• Final grand slam of the year 'French Open' begins in Paris. It is related to Tennis sports.

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Top RRB NTPC, RRB JE, Group D Previous Year General Science and GK Questions: Part 3

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            Solving previous year question paper is very crucial if you want to crack RRB NPTC. We have provided you the Previous Year Questions of General Science Questions asked in RRB NTPC, RRB JE, etc. 

                   

Top Previous Year Questions Asked in RRB NPTC, RRB JE, RRB Group D

Q1. The medieval ruler who was  the first to establish a ministry of agriculture (Diwan-i-Kohi) was

Answer: Muhammad Bin Tughlaq. He is also known as a "Man of Ideas".

Q2. When did Queen Victoria declared the taking over the Indian Administration under British crown?

Answer: 1st November 1958.

Q3. Shivasundaram Falls are located in the course of the river

Answer: Shivasundaram Falls is on the Kaveri River in Mandya District of Karnataka.

Q4. In Baseball, how many players are there in each side?

Answer: Baseball - 9 Players in each team.

Q5. Viruses are made up of

Answer: Nucleic acid and Protein.

Q6. Paralympics is a multi-sport event involving those athletes who are

Answer: Athletes with a range of physical disability.

Q7. Which country called 'Land of the Rising Sun' is

Answer: Japan.

Q8. The term 'Collegium System' is associated with

Answer: Judiciary

Q9. If you were to measure the strength of a current which instrument would you look for?

Answer: Ammeter is used to measure current in a circuit.

Q10. Who built the Pyramids?

Answer: Pharaohs Khufu.

Q11. Which method will be suitable to separate yoghurt (curd) from water contained in it?

Answer: Filtration.

Q12. A bicycle pump works on the principle of

Answer: When volume decreases, pressure increases.

Q13. Give the term for 'Price of one currency in terms of another'.

Answer: Nominal Exchange Rate.

Q14. The football player has to leave the field if the referee shows him

Answer: Yellow card twice or Red card once.

Q15. The first Indian to win an Olympic gold medal in an individual capacity was

Answer: Abhinav Bindra.

Q16. When you touch a hot plate and immediately withdraw your hand, the action is triggered by your

Answer: Spinal Cord (Reflex Action).

Q17. We are able to walk on the ground because of

Answer: Friction.

Q18. The making of 'maps' is called

Answer: Cartography.

Q19. Who discovered the sea route to India?

Answer: Vasco da Gama.

Q20. In the Medieval times, Bedouins were

Answer: Wandering Arab camel herdsmen.

Q21. The major cause of top soil being lost due to soil erosion is

Answer: Deforestation.

Q22. The Treaty of Versailles was signed in the summer of 1919 with

Answer: Germany.

Q23. Which democratic country has an unwritten Constitution?

Answer: England.

Q24. The first capital of British Colonial India was

Answer: Kolkata (Calcutta).

Q25. Who founded the Indian National Congress?

Answer: Allan Octavian Hume.

Q26. Which one of the following is not a 'social insect'?

Answer: Beetle.

Q27. Who coined the phrase 'Survival of the fittest' to mean Natural Selection?

Answer: Herbert Spencer.

Q28. Tornado intensity is measured by

Answer: Saffir-Simpson scale.

Q29. Small insects can walk on water because

Answer: Insects weight is not enough to penetrate into the surface.

Q30. Fathometer is a device used to measure

Answer: Depth of Water.

Q31. Who proposed the theory of atomic energy for the first time in the beginning of the nineteenth  century?

Answer: John Dalton.

Q32. Powerloom invention is associated with:

Answer: Edmund Cartwright.

Q33. The study of insects is called?

Answer: Entomology.

Q34. Trachoma is a disease of the

Answer: Eyes.

Q35. The vitamin which is liable to be destroyed during cooking is

Answer: Vitamin C.

Q36. Science dealing with study of soil is called

Answer: Pedology.

Q37. The arrangement of leaves on an axis or stem is called

Answer: Phyllotaxy.

Q38. An ant can see the objects all around due to the presence of ?

Answer: Compound eyes.

Q39. Who has developed the technology of the ground nuclear explosion?

Answer: Dr. Homi J. Bhabha.

Q40. Penicillin is extracted from?

Answer: Penicillium fungi/ Fungus.

Q41. Which enzyme is present in all part of pineapple plant?

Answer: Bromelaine.

Q42. What is the formula of Limestone?

Answer: CaCO3 (Calcium Carbonate).

Q43. A process in which no heat crosses the boundary of the system is called

Answer: Adiabatic Process.

Q44. Zeroth law of Thermodynamics is the basis of 

Answer: Temperature measurement.

Q45. Bed of lathe machine is made up of cast iron because it has

Answer: A good shock absorbing property.

Q46. Receptors used to detect taste are known as

Answer: Gustatory receptors.

Q47. IRS series of Indian Satellites are used for:

Answer: Remote Sensing.

Q48. Antonio Meucci is associated with the invention of:

Answer: Telephone.

Q49. In order to help in the freedom struggle, which newspaper was started by LokmanyaTilak?

Answer: Kesari.

Q50. While cooking, if the bottom of the vessel is getting blackened on the outside, it means that

Answer: The fuel is not burning completely.

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Today's Current Affairs For SSC CGL, BANKING, RRB NTPC, RBI, SEBI, MBA Exam 27th & 28th September 2020

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                              Daily Current Affairs update for your upcoming examination like SSC CGL, IBPS, UPSC, SEBI, and RBI Grade B etc. For All Current Affairs CLICK HERE

National Current Affairs 

• UK India Business Council and West Bengal government signed MoU to strengthen West Bengal Industrial Development Corporation (WBIDC).

• IIT Madras developed 'MOUSHIK' Microprocessor for Internet of Things (IoT).

• Assam launched app named 'visitassam' for air passengers.

• Prime Minister Narendra Modi and Nation pays homage to revolutionary freedom fighter Bhagat Singh on his 113th birth anniversary.

• Union Minister Amit Shah inaugurates "Destination North East- 2020" Festival virtually.

• India & Denmark signed MoU on Intellectual Property Cooperation.

• UP's first conservation centre for vultures to be set up in the Bhari Baisi village in Gorakhpur. 

• Odisha Govt. Launch Radio Pathshala program for students upto class 8.

• Maharashtra becomes first state in country to ban sale of loose cigarettes.

• Khadi and Village Industries Commission  (KVIC) opens outlet in SPG complex to promote 'Swadeshi'.

• Prime Minister Narendra Modi announced India extends $15 million grant assistance to Sri Lanka for promoting Buddhist ties.

• India’s sandalwood trees are facing a threat due to Sandalwood Spike Disease (SSD).

• Centre released first instalment of over Rs. 19,000 Crore for Paddy procurement under MSP Scheme.

• Maharashtra Governor launched "chemo" recovery kits containing Ayurvedic formulation.

• Prime Minister Narendra Modi to inaugurate six mega projects in Uttarakhand under Namami Gange.

• Prime Minister Narendra Modi to launch a Book titled “Rowing Down the Ganges” and to inaugurate a Ganga Avalokan, a first of its kind museum on Ganga.

• Defence Acquisition Council (DAC) headed by Defence Minister Shri Rajnath Singh accords approval for various arms and equipment worth Rs. 2,290 crore.

• The Union Minister of Health and Family Welfare Dr. Harsh Vardhan unveils ICMR’s History Timeline.

• Indian Railway rolls out User Depot Module (UDM), this will help to digitalize work with real time transactions and online information exchange among all stakeholders.

• Ministry of Tourism organizes Dekho Apna Desh Webinar Series on “Rural Tourism: From Previous Niche to Future Norm", which focuses on villages, people, farming, and culture.

• The Ministry of Statistics and Programme Implementation released 'Health in India' Report.

• Bangalore International Airport Limited (BIAL) & Virgin Hyperloop signed MoU to study feasibility of high-speed corridor.

INTERNATIONAL 

• World Bank approved $200 million loan for safe water and sanitation services in Bangladesh.

• QS Global MBA Rankings 2021: IIM Ahmedabad, Bangalore, Calcutta top Indian B-schools. IIM A ranked 31st.

• G7 finance ministers backed  extension of G20 bilateral debt relief initiative.

• Prime Minister Narendra Modi Announced $15 million Grant to Promote Buddhist Ties Between India and Sri Lanka.

BANKING & ECONOMY 

• Vakrangee Ltd gets RBI nod to set up Bharat Bill Payment Operating Unit.

• SBI Card launched brand campaign ‘Contactless Connections’. 

• Axis Bank and Bayer's Better Life Farming Institute join hands to provide affordable loans to farmers.

• UTI Mutual Funds and Defense PSU, Mazagon Dock Shipbuilders coming up with IPO (Initial Public Offering).

• UTI Mutual Fund first to launch a Momentum Investing Fund named 'UTI Momentum Investing Fund'.

AWARDS 

• Assam’s Srimanta Sankaradeva Award 2017 conferred to Sattra Basishta Deva Sarma.

OBITUARIES

• Swami Pratyagbodhananda, Hindu spiritual guru, passes away.

• Former former Union Minister Shri Jaswant Singh passes away.

• Economist and Padma Bhushan awardee Isher Judge Ahluwalia, 'An Icon For Women Economists', passes away. 

APPOINTMENT

• Former India cricketer Neetu David appointed as head of BCCI’s All-India Women's Selection Committee.

• L Adimoolam appointed as President of Indian Newspaper Society.

• Reserve Bank of India ropes in Amitabh Bachchan for Customer Awareness Campaign to prevent account holders from being duped.

IMPORTANT DAYS

• September 28: Gunners Day.

• September 28: World Rabies Day. Theme: “End Rabies: Collaborate, Vaccinate”.

• September 28: International Day for Universal Access to Information. (UNESCO)

• September 27: World Tourism Day. Theme:  “Tourism and Rural Development”.

• September 26: World Contraception Day.

BOOKS

• Anand Neelakantan debuts book named, ‘The Very, Extremely, Most Naughty Asura Tales’ for Kids.

SPORTS 

• Australia's wicket-keeper Alyssa Healy breaks MS Dhoni's record of having most dismissals as a wicketkeeper in the T20.

• Valtteri Bottas won the Russian Grand Prix for Mercedes, Lewis Hamilton misses F1 win record.

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Securities Market and General Awareness MCQs for SEBI Grade A 2020 Exam Part - 4

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 SEBI Grade A  – exam is going to be conducted very soon. To prepare better and to the point, aspirants need to study relevant and valuable material. The below post gives the detailed questions answers for SEBI Grade A Securities Market and General Awareness. Read all MCQs Archive CLICK HERE

Securities Market and General Awareness for SEBI Grade A/ RBI Grade B

Q1. Which bond gives its issuer the right to redeem or pay the bonds before its maturity date?

A. Zero Coupon Bond

B. Puttable Bond

C. Debentures

D. Callable Bonds

E. None of the Above

Explanation: (D) A callable bond allows the issuing company to pay off their debt early. 

• A business may choose to call their bond if market interest rates move in its favour. Means the prevailing  interest rates are low as compared to the interest the company is paying to the bondholders.

• Callable bonds are akin to call options, where the issuer has the right to call the bond before maturity.

• A callable bond is also called as redeemable bond.

• Issuers (any business entity) entice investors to buy callable bonds by paying higher interest rates on callable bonds than on noncallable bonds.

• A callable bond also gives the borrower (issuer) the right to pay back the obligation to the lender (bondholder) before the stated maturity date. 

Q2. Which debt financial securities pay off in the short term, usually within one year.

A. Bond Market

B. Money Market

C. Primary Market

D. Secondary Market

E. None of the above.

Explanation: (B) Money Market refers to a financial market securities where these instruments with high liquidity and short-term maturities are traded. 

• Basically money market instruments are pay off within a very short period generally one year.

• Money market financial instruments consists of negotiable instruments such as:

          A. Commercial Papers.

          B. Treasury Bills

                      Following are the types of T-bills in India:

                     1. 14-day Treasury bill

                     2. 91-day Treasury bill

                     3. 182-day Treasury bill

                    4. 364-day Treasury bill

        C. Certificates of Deposit.

• The Money Market instruments are usually traded over-the-counter (OTC), and therefore, it has to be done through a financial intermediary especially a broker dealing in money market financial instruments or money market mutual fund.

• The investment period in money market financial instruments is very short, ranging from three months up to a year.

Q3. What does E stands for in ECBs?

A. External

B. Extreme

C. Easy

D. Economy

E. None of the above

Explanation: (A) ECB stands for External Commercial Borrowings.

• External commercial borrowing are loans in India made by non-resident lenders in foreign currency to Indian borrowers. In simple terms ECBs allows Indian firms to raise money outside the country in foreign currency.

• The cost of funds is usually cheaper from external sources if borrowed from economies with a lower rate of interest because that helps the Indian businesses to raise funds cheaply.

Q4. Temporary overdrafts facility by Reserve Bank of India to the Government is known as?

A. Ways and Means Advances

B. Primary Money

C. Overdraft Finance

D. Lending Operation

E. None of the above

Explanation: (A) Ways and Means Advances. 

• The WMA scheme was introduced on April 1, 1997.

• Ways and means advances (WMA) is a mechanism used by Reserve Bank of India (RBI) under its credit policy to provide to States, banking with it, to help them tide over temporary mismatches in the cash flow of their receipts and payments.

• In basic terms, it is the facility for the GoI and states government to borrow money from the Reserve Bank of 

• India. This facility is done as per the provisions laid down in Section 17(5) of the RBI Act, 1934.

• Its limits are mutually decided by the Government and RBI.

Q5. An RBI monetary policy instrument which involves buying and selling of government securities to the public or other financial institutions is known as?

A. Interest Rate Operation

B. Open Market Operation

C. Green Shoe Option

D. Fiscal Rate Operation.

E. None of the above.

Explanation: (B) Open Market Operation

• An open market operation (OMO) is an activity by a central bank to give (or take) liquidity in its currency to (or from) a bank or a group of banks.

• When the RBI wants to increase the money supply in the economy, it purchases the government securities from the market and it sells government securities to suck out liquidity from the system.

• RBI uses this operation to maintain money supply or to deal with liquidity problems in the economy.

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Today's Current Affairs For SSC CGL, BANKING, RRB NTPC, , RBI, SEBI Exam 26th September 2020

 Hello Aspirants,

                 Latest current affairs for your upcoming examination like SSC CGL, RRB NTPC, IBPS, SEBI,  etc. As you all know current affairs plays an important role in cracking any examination. So for all Current Affairs Archive CLICK HERE

National Current Affairs 

• India's first Regional Rapid Transit System (RRTS) train. It will run on Delhi-Ghaziabad-Meerut corridor.

• West Bengal announced grant of Rs. 50,000 to Durga Puja committees.

• The Government of India approved outlay of Rs.600.00 crores for PM SVANidhi scheme.

• Under the 'Paryatan Sanjeevani Scheme', Assam govt to provide loan to entrepreneurs to revive tourism sector.

• Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy launched AP Police Seva App.

• India and Denmark sign MoU on Intellectual Property cooperation.

• The Defense Research Development Organization (DRDO) commenced production of Pinaka Missiles.

• The Asian Development Bank (ADB) approved $300 million loan to develop Rajasthan's secondary towns.

• Union Home Minister Shri Amit Shah to inaugurate “Destination North East-2020”.Theme- “The Emerging Delightful Destinations”.

• The World Bank (WB) approved a $200 million loan for Bangladesh to improve access to safe water and sanitation services.

• Council for Scientific and Industrial Research (CSIR) celebrates its 79th Foundation Day on 26th September.

• Union Minister for Agriculture & Farmers’ Welfare Shri Narendra Singh Tomar inaugurates Indian Agricultural Research Institute, Assam campus at Gogamukh.

INTERNATIONAL 

• 4th edition of India-Japan Maritime bilateral exercise (JIMEX) commenced in North Arabian Sea.

• Vodafone Vs India Case Vodafone won tax case against India at International Arbitration Tribunal over Rs. 20000  retrospective tax demand.

• India holds webinar with Cambodian Army to boost Defence cooperation.

BANKING & ECONOMY 

• Microsoft acquired video game company ZeniMax Media.

• S & P predicts India's GDP to contract 9% in FY21.

AWARDS 

• Kerala Wins UN Award On Prevention, Control Of Non-communicable Diseases.

• Time Magazine lists PM Modi in ‘100 Most Influential People 2020’, a total of 5 Indians featured.

• National Institute of Design (Ahmedabad) student’s zero waste manufacturing process "Earth Tatva" wins James Dyson India award.

• Odisha Chief Minister Naveen Patnaik declared Krushi Bhawan inspired by farmers wins Global Architecture Award.

• The Life Insurance Corporation of India (LIC), General Insurance Corporation of India and The New India Assurance Co identified as Domestic Systemically Important Insurers (D-SIIs) or "Too BigTo Fail" for 2020-21 by  the Insurance Regulatory and Development Authority of India (IRDAI).

• India ranked 89th in World Risk Report 2020.

APPOINTMENT

• CEAT Tyre appointed Amir Khan as Brand Ambassador.

• K Madhavan elected as the president of Indian Broadcasting Foundation (IBF).

• Former Ferrari boss, a Italian Stefano Domenicali appointed F1 CEO.

IMPORTANT DAYS

• September 25 - Antyodaya Diwas.

• September 26 - World Environmental Health Day.Theme-  "Environmental health, a key public health intervention in disease pandemic prevention".

• September 26 - International Day for the Total Elimination of Nuclear Weapons.

BOOKS

• Neena Gupta announced her memoir ‘Sach Kahun Toh’.

• Fauja Singh Keeps Going Children’s Book About Fauja Singh 109-Year-Old Marathoner.

SPORTS 

• Gurpreet Singh Sandhu and Sanju bag AIFF (All India Football Federation) Player of the Year Awards

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Securities Market and General Awareness MCQs for SEBI Grade A 2020 Exam Part - 3

Hello Readers,

 SEBI Grade A 2020 – exam is going to be conducted very soon. To prepare better and to the point, aspirants need to study relevant and valuable material. The below post gives the detailed questions answers for SEBI Grade A Securities Market and General Awareness. For all MCQs Archive CLICK HERE

Securities Market and General Awareness for SEBI Grade A/ RBI Grade B

Q1. Open-ended mutual fund scheme units  can be bought  from?

A. AMFI

B. Fund House

C. Stock Exchange

D. Stock Broker

E. None of the above

Explanation: (B) An open-end fund scheme is a mutual fund that can issue unlimited new shares, priced daily on their net asset value.

• Open-ended schemes are available for subscription and repurchase on a continuous basis.

• An investor will generally purchase shares in the fund directly from the fund itself, rather than from the existing shareholders or stock exchanges.

• An investor can purchase or sell units of an open-ended mutual fund at any time after the closure of New Fund Offer (NFO).

Q2. How frequently the NAV of each scheme should be updated on AMC/AMFI’s website?

A. Every Hour

B. Every Month

C. Once in a Quarter

D. Every Day

E.  None of These

Explanation: (D) NAV stands for Net Asset Value.

•  It is mandatory, as per SEBI guidelines, the NAV per unit of all mutual fund schemes have to be updated on AMFI's website and the Mutual Funds' website by 9 p.m.

• AMFI Stands for Association of Mutual Funds in India. 

• Founded: 2015

• CEO: C.V.R. Rajendran

Q3. In which state Dudhwa National Park is situated?

A. Gujarat

B. Uttar Pradesh

C. Bihar

D. Karnataka

E. Assam

Explanation: (B) The Dudhwa National Park is a national park in the Terai belt of marshy grasslands of northern Uttar Pradesh, India.

• Dudhwa became a tiger reserve in 1879. The area was established in 1958 as a wildlife sanctuary for swamp deer. Thanks to the efforts of Billy Arjan Singh the area was notified as a national park in January 1977.

• "The Dudhwa National Park in Lakhimpur Kheri district is located in the Terai-Bhabhar region bordering Nepal, about 230 km from Lucknow.".

Q4. What does P stands for in P - Notes?

A. Portfolio

B. Positional

C. Payment

D. Participatory

E. Plan

Explanation: (D) Participatory Notes started in 2000 by SEBI.

• A participatory note, commonly known as a P-note or PN, is an instrument issued by a registered foreign institutional investor (FII) to an overseas investor who wishes to invest in Indian stock markets without registering themselves with the market regulator, the Securities and Exchange Board of India (SEBI).

• Participatory notes are not used within the country. They are used outside India for making investments in shares listed in the Indian stock market.

• Investing through P-Notes is very simple and hence very popular amongst FIIs. Overseas investors who are not registered with SEBI have to go through a lot of scrutiny, such as know-your-customer norms, before investing in Indian shares. To avoid these hurdles, foreign investors take P-Notes route.

Q5. At which rate banks lend  to their prime customers is called_____?

A. Interest Rate

B. Greenwich Rate

C. Real Lending Rate

D. Prime Lending  Rate

E. None of the Above

Explanation: (D)   Prime Lending Rate (PLR) 

• The prime lending rate is the primary determiner of most of the interest rates charged by the lending institution; it is a component of the rate charged to the customer.

• Before 2010, there was Benchmark Prime Lending Rate (BPLR) system, RBI introduced the Base Rate system with effect from July 1, 2010.

 

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Today's Current Affairs For SSC CGL, BANKING, RRB NTPC, , RBI, SEBI Exam 25th September 2020

 Hello Readers,

                   Latest current affairs for your upcoming examination like SSC CGL, RRB NTPC, IBPS, SEBI, and UPSC etc. As you all know current affairs plays an important role in cracking any examination. So for all Current Affairs Archive CLICK HERE

National Current Affairs 

• The Ministry of Electronics and Information Technology (MeitY) and NITI Aayog to organize a Mega Virtual Summit on Artificial Intelligence (AI), RAISE 2020- ‘Responsible AI for Social Empowerment 2020,’ in October 2020.

• Faceless Appeals launched by CBDT today- Honoring The Honest.

• 670 new electric buses and 241 charging stations sanctioned under FAME scheme.

• Foundation Stone of World Class ‘Centre for Disability Sports’ at Gwalior Laid.

• A webinar between India and Israel was held on Defence Industry Global Outreach for Collaborative Partnership.

• Commencement of "Yoga Break" at Work Place by the Ministry of AYUSH.

• Ministry of AYUSH partners with industries for Medicinal Plants cultivation

• West Bengal Transport Company (WBTC) introduced unique 'Tram Library' in Kolkata

• India successfully  test fired the Prithvi II missile from Chandipur Integrated Test Range, Odisha.

• Uttar Pradesh Government allowed phase-3 trial of "Covaxin" COVID-19 vaccine.

• IIT-Kanpur signed MoU with Indian Railways for research on railway modernization.

• The National Medical Commission (NMC) become operational from September 25, 2020. NMC replaced the Medical Council of India (MCI).

• Prime Minister Narendra Modi launched "Fit India Age Appropriate Fitness Protocols".

• Prime Minister Narendra Modi increased the State Disaster Response Fund (SDRF) spending limit by  states to 50% from 35% earlier.

• India's first Coast Guard Academy to come up at Mangaluru.

• Uttar Pradesh Government launched a unified portal "urise.up.gov.in" called ‘U-Rise’- Unified Re-imagined Innovation For Student Empowerment.

• Chief Minister of Assam Sarbananda Sonowal launched "Mukhyamantrir Grammya Paribahan Achoni Yojana". To improve rural connectivity through "Light Motor Vehicle Service".

• Flight Lieutenant Shivangi Singh to become India's first woman fighter pilot to fly Rafale.

• Hyderabad Airport (Rajiv Gandhi International Airport) granted Airport Health Accreditation (AHA) by Airport Council International (ACI) for Safe Travel.

• President Ram Nath Kovind conferred National Service Scheme Awards to 42 awardees for 2018-19. The award is conferred every year by Department of Youth Affairs.

INTERNATIONAL 

• United Nations (UN) and United Kingdom (UK) to co-host Global Climate Summit 2020.

• The National Aeronautics and Space Administration’s (NASA) Artemis program, which plans to send the next man and first woman to the lunar surface by the year 2024.

• Winners of the Nobel Prize for 2020 to get $1,10,000. The value fluctuates over time.

• Google Maps will soon start showing COVID-19 outbreaks. The Map will be known as "COVID Layer".

• India & Nepal launched website-- "www.goicbrinepal.com" for post-earthquake reconstruction projects in Education Sector.

• India signed "Water Partnership"(to discuss issues related to water conservation)  Memorandum of Understanding (MoU) with UK virtually.

BANKING & ECONOMY 

• RBI released Cyber Security Vision Framework  ‘Technology Vision for Cyber Security’ for Urban Co-operative Banks (UCBs) from 2020 to 2023.

• SBICAP Trustee Company acquired 56.17% stake in Jindal Stainless (JSL).

• The Government extended term of Uday Kotak as Non-Executive Chairman of debt- ridden Infrastructure Leasing & Financial Services (IL&FS) by one year. 

• Google Pay started Tokenisation to provide safe and secure transactions through Debit and Credit cards.

• Tech Mahindra sold its stake in US-based Altioster Networks for $45 million.

• IDFC First Bank to launch contactless payment facility "SafePay" to do transactions up to Rs. 20,000.

• Adani-GVK airport deal gets Competition Commission of India (CCI) green signal.

AWARDS 

• Malayalam poet Akkitham Achuthan Namboothiri conferred the 55th edition of the Jnanpith Award.

• Kerala Tourism’s campaign ‘Human by Nature’ won the prestigious PATA (Pacific- Asia Travel Association) Grand Award 2020.

• 1st ever "India Happiness Report" released, Mizoram topped the list.

• The 51st Edition of the International Film Festival of India (IFFI)  to be held in Goa next year.

• Historian and Author Rana Safvi conferred with Yamin Hazarika Award.

• GAIL India Limited won Leader Award in 11th edition of Frost & Sullivan and The Energy and Resources Institute (TERI) Sustainability 4.0 Awards 2020.

OBITUARIES

• Justice Ashutosh Mohunta passes away.

• Singer SP Balasubrahmanyam passes away in Chennai due to COVID-19.

• Congress MLA Narayan Rao passes away.

APPOINTMENT

• Acer India signed Sonu Sood as Brand Ambassador.

• The Khadi and Village Industries Commission (KVIC) Appoints Design and Fashion Icon Sunil Sethi, as Advisor

• Citigroup appointed Arjun Chowdhry as the acting head of its consumer banking business in India.

• Former, a 1983-batch IAS officer Raghvendra Singh appointed as Culture Secretary.

• Energy Efficiency Services Ltd (EESL) appointed Rajat Sud as its MD.

• Mohamed Hussein Roble appointed as new Prime Minister of Somalia.

          Read Also:   PM SVANidhi Scheme Explained

          SEBI Grade A Securities Market and General Awareness MCQs

IMPORTANT DAYS

September 25: World Pharmacists Day. Theme - “Transforming global health”.

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Securities Market and General Awareness MCQs for SEBI Grade A 2020 Exam Part - 1

 Hello There,

SEBI Grade A 2020 – Phase-I is going to be conducted very soon and consists of 5 sections, namely – General Awareness, English Language, Quantitative Aptitude, Test of Reasoning and Awareness about Securities Market. The 5 sections are not separately timed and the questions can be attempted in any order but within the given time limit.  The below post gives the detailed questions answers for SEBI Grade A Securities Market Awareness. Read with full ATTENTION and SHARE IT. For all Current Affairs Archive CLICK HERE

Securities Market Awareness for SEBI Grade A/ RBI Grade B

Q1. Who is the regulator of Capital Market in India?

A. Reserve Bank of India

B. Insurance Regulatory and Development Authority

C. Securities and Exchange Board of India

D. National Bank for Agriculture and Rural Development

Explanation:  (C) Securities and Exchange Board of India regulates -- Capital Market, Mutual Funds, Commodity Market and Credit Rating Agencies.

• RBI regulates -- Banking and Financial Sector, Money Market

• IRDAI regulates -- Insurance Sector

• Pension Fund Regulatory and Development Authority (PFRDA) regulates -- Pension Sector

• NABARD regulates -- Rural Sector Financing.

• SIDBI regulates -- Small and Medium Enterprises (SME) Financing 

• NHB National Housing Bank regulates -- Housing Finance

Q2. Under which Act the term "securities" has been defined in Section 2(h)?

A. Securities Contracts (Regulation) Act, 1949

B. Securities Contracts (Regulation) Act, 1956

C. Securities Contracts (Regulation) Act, 2013

D. Securities Contracts (Regulation) Act, 1935

Explanation: (B) Under Securities Contracts (Regulation) Act, 1956, the term "securities" has been mentioned.

The term “securities” has been defined in Section 2(h) of the Securities Contracts (Regulation) Act, 1956. The Act defines securities to include:

• Shares, scrips, stocks, bonds, debentures, debentures stock or other marketable securities of a like nature in or of any incorporated company or other body corporate;

• Derivative;

• Governments securities;

• Units or any other instruments issued by any collective investment scheme to the investor in such schemes.

Q3. A bond which does not pay any coupon payment during the term of the bond?

A. Floating rate bond

B. Callable bond

C. Zero coupon bond

D. Puttable bond

Explanation: (C) Zero Coupon Bond- A zero coupon bond  does not pay any coupons during the term of the bond.

• The bond is issued at a discount to the face value, and redeemed at face value.

• The effective interest earned is the difference between face value and the discounted issue price value.

For example: A bond  with a face value of Rs. 100 may be issued at Rs. 85 for five years. After five 

years, the bondholder will get Rs. 100, implying an interest income of Rs. 15.

Q4. What does "S" stands for in ISDA?

A. Shares

B. Swaps

C. Systematic

D. Syndicated

Explanation: (B) ISDA stands for International Swaps and Derivatives Association.

• ISDA is a trade organization of participants in the market for over-the-counter derivatives.  ISDA Mater 

• Agreement govern the OTC derivatives transactions.

• It is headquartered in New York City.

• It is founded in 1985.

Q5. ISIN (International Securities Identification Number) is a unique alpha-numeric identification number allotted to each security. It is of how many digits?

A. Six

B. Twelve

C. Eight

D. Ten

Explanation:  (B) The International Securities Identification Number (ISIN) is a code that uniquely identifies a  specific securities issue.

•         It is a Twelve digit number. Its structure is defined in ISO 6166.

Stay tuned with Exam Together. Bookmark this blog for upcoming parts. We will be coming up with more such posts. We hope you like reading all these questions. Best of Luck for your preparation.

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Securities Market and General Awareness MCQs for SEBI Grade A 2020 Exam Part - 2

Hello Aspirants,

 SEBI Grade A 2020 – exam is going to be conducted very soon. To prepare better and to the point, aspirants need to study relevant and valuable material. The below post gives the detailed questions answers for SEBI Grade A Securities Market and General Awareness. Read with full ATTENTION and SHARE IT. 

Securities Market Awareness for SEBI Grade  A/ RBI Grade B

                                                   For Part 1: Click Here

Q1. What does A stands for in NAV in Mutual Fund Industry?

A. Association

B. Asset

C. Accounting

D. Administrator

E. Amortization

Explanation: (B) NAV stands for Net Asset Value.

•    NAV is basically the current value of a mutual fund unit.

• Ex: Three Investors P, Q and R invests Rs. 10,000, Rs. 20,000, Rs. 30,000 respectively in a mutual fund.

• Each MF investor will be allotted units P 1000 units (Rs. 10,000/10), Q 2000 units (Rs. 20,000/10) R 3000 units (Rs. 30,000/10) (Rs. 10 is the face/par/nominal value)

• NAV Formula:  NAV = (Assets - Liabilities) / Total number of outstanding shares.

     Assets: Rs. 60,000   6000 units * 10 (Total no. of units * Face value) + Rs.2000 (dividend income)  + Rs. 10,000  (increase in the value of Mutual Fund units) = Rs. 72,000

•      Liabilities: Rs. 1000 (Brokerage Charged) + Rs. 1000 ( Operating Expenses) = Rs. 2000

•      Net Asset Value =  Rs. 72,000 – 2000/ 6000 =  Rs. 11.66

Q2. The maximum load that a fund can charge is determined by?

A. SEBI

B. Sales Agent

C. Distributors

D. AMC

E. RBI

Explanation: (A) Mutual Funds are regulated by SEBI.

• Mutual Funds may impose a charge on the investors at the time of entering or exiting from a fund called the entry or exit load respectively.

• Presently, entry loads are prohibited by SEBI.

• Load Calculation Formula: 

          It is calculated as a percentage of the NAV and reduced from the NAV to arrive at the price that the investor will get on exiting from the investment.

• If NAV on redemption of units is Rs. 11.66 (1% exit load)  (Above Question)

• An exit load linked to the period of holding of the investor.
• 
  

Q3. What does S Stand for in BCSBI?

A. Syndicated.

B. Swaps

C. Security

D. Sectors

E. Standards

Explanation: (E) BCSBI stands for The Banking Codes and Standards Board of India.

• Oversees: Code of Bank's Commitment to Customers.

•  Independent and autonomous body, registered as a separate society under the Societies Registration Act, 1860 on 18 February 2006.

• Headquarter: Mumbai

• Chairman:  A C Mahajan

Q4. National Institute of Bank Management is situated in?

A. Lucknow

B. Mumbai

C. Pune

D. Chennai

E. Hyderabad

Explanation: (C) NIBM was established in 1969 by the Reserve Bank of India.

• Chairman : Governor of RBI

• Publications: Quarterly Journals

                          Prajnan

                          Vinimaya

Q5. What does M Stand for in FEMA?

A. Monetary

B. Market

C. Maturity

D. Multilateral

E. Management

Explanation: (E) FEMA stands for Foreign Exchange Management Act.

• FEMA paved the way for Prevention of Money Laundering  Act, 2002

• Purpose: Facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India.

• FEMA Act, 1999 replaced FERA Act, 1973

• FERA stands for in Foreign Exchange Regulation Act.

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Today's Current Affairs For SSC CGL, BANKING, RRB NTPC, SBI, RBI, SEBI Exam 24th September 2020

 Hello Readers,

            Latest Current Affairs for your upcoming examination SSC CGL, RRB, Banking, RBI, and UPSC. For all Current Affairs Archive CLICK HERE

National Current Affairs 

• Prime Minister Shri Narendra Modi and Prime Minister H.E. Mr. Mahinda Rajapaksa of Sri Lanka will hold a Virtual Bilateral Summit on 26 September 2020.

• Government formed committee to set Hydrogen Energy Development Targets.

• Department of Biotechnology launched Programme for Clinical Trial Research.

• Union Minister for Petroleum, Natural Gas and Steel Dharmendra Pradhan announced that Centre sanctioned Rs. 8 crore as collateral- free loans for street vendors in Odisha under PM SVANidhi Yojana.

• Tamil Nadu becomes first state to unveil ethical AI, bloackchain, cybersecurity policy.

• The Indo-Tibetan Border Police (ITBP) ties up with Uttarakhand government to promote adventure tourism at Tehri Lake.

• Union Commerce and Industry & Railway Minister, Piyush Goyal attended virtual G-20 meeting of Trade and Investment Ministers; India says No to Data Free Flow with Trust (DFFT).

• India's International Centre for Entrepreneurship and Technology (iCreate) and Israel to collaborate in Technology Innovation and Start ups.

• India's first commercial indigenously developed Sonar Dome to be mounted on P15 Alpha Warship. It was manufactured by Goa based Kineco Limited.

• Rajasthan government approved 'Moksha Kalash Yojana 2020', which allows a family to immerse ashes of their loved ones in river Ganga in Haridwar. 

• eSanjeevani OPD of Health Ministry completes 3 lakh tele-consultations within six months of launch.

• More than 15 Lakh loan applications received under PM SVANidhi scheme.

• The Ministry of Chemicals and Fertilizers to set up Plastic Parks under Plastic Parks Scheme. The Parks are being set up in the states of Assam, Madhya Pradesh, Odisha, Tamil Nadu, Jharkhand, Uttarakhand and Chhattisgarh.

• Central Pollution Control Board (CPCB) commemorate 46th foundation day on 23rd September, 2020.

• India- Australia conducts Passage Exercise (PASSEX) in Eastern Indian Ocean.

• Indian Railways plans 100% electrification of its broad-gauge routes by 2023.

• The Comptroller and Auditor General of India (CAG) has flagged irregularities in the construction of toilets in schools by Central Public Sector Enterprises (CPSEs).

INTERNATIONAL 

• According to World Risk Index (WRI) 2020, India is ‘poorly prepared’ to deal with ‘climate reality’.

• The Security forces of Nepal and India started "Security Patrol" along Border in Kapilvastu district.

• Chinese President Xi Jingping said China aims to go Carbon Neutral by 2060.

• Foreign Ministers from the Group of 4 (G4), consisting of India, Brazil, Japan and Germany, participated in a virtual meeting.

• The United Nations Conference on Trade and Development (UNCTAD) Report: The Global Economy to Contract 4.3% in 2020; Output Worth USD 6 Trillion to Be Wiped Out.

BANKING & ECONOMY 

• UNCTAD projects India GDP to contract by 5.9% in 2020.

• The Non Banking Financial Company (NBFC) Bajaj Finserv launched "Bajaj Finserv Health Limited (BFHL)" to provide Aarogya Care and products related to health care.

• HCL Technologies and Google Cloud announced to expand partnership to accelerate Business Intelligence Platform.

• Kohlberg Kravis Roberts (KKR) will pick up 1.28% equity stake of Reliance Retails for Rs. 5550 Crore Investment.

AWARDS 

• Colombian Journalist Jineth Bedoya Lima won the Golden Pen of Freedom Award 2020 of (World Association of News Publishers) WAN-IFRA
• 
  

OBITUARIES

• Shri Suresh C. Angadi, Union Minister of State for Railways passes away.

• Former Atomic Energy Commission Chairman and Secretary to the Govt. of India, Dr. Sekhar Basu passed away.

• Bollywood actor Bhupesh Pandya passes away.

• Former Australian cricketer Dean Jones passes away.

APPOINTMENT

• Former Rebel military commander Ishmael Toroama elected as the President of Bougainville.

• Former Mali defence minister and retired colonel Bad Ndaw named to be Mali's interim president.

• Khushi Chindaliya, 17 year old girl, appointed as United Nations Environment Programme UNEP's Green Ambassador in India.

• For the 6th time Alexander Lukashenko elected as Pesident of Republic of Belarus.

IMPORTANT DAYS

• September 22: World Car Free Day. Celebrated to encourage motorists to give up their cars for a day.

• September 24: World Maritime Day. Theme: Sustainable Shipping for a Sustainable Planet.

Read Also: PM SVANidhi Scheme

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