1.Consider the following statements:
1.Jewel loan-to-value ratio raised to 90% from 75%.
2.Under the current guidelines, loans sanctioned by banks against pledge of gold ornaments jewellery should not exceed 65% of the value of gold ornaments and jewellery, which has now increased to 90%.
Which of the above statement/statements are correct?
A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2
2.Consider the following statements:
1.In the recent meeting of the Monetary Policy Committee, the Reserve Bank of India-RBI has decided to keep the monetary policy rates unchanged.
2.As per the Reserve Bank of India Act-1944, the Government of India will set the inflation target once in every five years in consultation with the RBI.
3.The Central Government has set it at 4 percent for the period from August 5, 2016 to March 31, 2021 as per the ‘Consumer Price Index’ (CPI). The upper limit of which is 6 percent and the lower limit is 2 percent.
Which of the statements given above is/are correct?
A. 1 and 2 are correct
B. 1 and 3 are correct
C. 2 and 3 are correct
D. All of the above
3.In what year will India host the ICC T20 World Cup?
4.Who among the following has been appointed as UPSC Chairman?
A. Arvind Saxena
B. Pradeep Kumar Joshi
C. Arvind Joshi
D. Pradeep Saxena
5.Who inked partnership with Airtel Payments Bank for offer ‘shop insurance’ for retailers?
A. Bajaj Life Insurance
B. Max Bupa Insurance
C. Bharti AXA General Insurance
D. Airtel Payments Insurance
6.How many million did India contribute to the India-United Nations Development Partnership Fund?
A. 46 million
B. 46 million
C. 46 million
D. 46 million
7.The Monetary Policy Committee of Reserve Bank of India (RBI) unanimously decided to keep the repo rate to what percentage?
A. 4 percent
B. 7 percent
C. 6 percent
D. 5 percent
8.Recently which state has launched Family Identity Card (PPP) scheme?
9.World Tribal Day is observed every year on which date?
A. 07 August
B. 08 August
C. 09 August
D. 10 August
Recently with a view to further mitigating the economic impact of the COVID-19 pandemic on households, entrepreneurs and small businesses, the RBI has decided to increase the permissible loan-to-value ratio (LTV) for loans against pledge of gold ornaments and jewellery for non-agricultural purposes to 90%.
About Gold Monetisation Scheme
What Is the Loan-to-Value (LTV) Ratio?
In the recent meeting of the Monetary Policy Committee, the Reserve Bank of India-RBI has decided to keep the monetary policy rates unchanged.
What is Monetary policy?
Monetary Policy Goal:
The composition of the Monetary Policy Committee is as follows:
Some important instruments of Monetary Policy:
The RBI’s Monetary Policy has several direct and indirect instruments which is used for implementing the monetary policy. Some important instruments of Monetary Policy are as follows:
Reverse Repo Rate:
Liquidity Adjustment Facility (LAF):
Marginal Standing Facility (MSF):
India has retained the rights to host the ICC Men’s Twenty20 World Cup in 2021, while Australia has been asked to organize this year’s postponed event in 2022.
Format of the tournament:
CEO of ICC: Manu Sawhney.
Headquarters of ICC: Dubai, United Arab Emirates.
Chairman of ICC: Imran Khwaja (Interim).
Educationist Pradeep Kumar Joshi was appointed the chairman of the Union Public Service Commission (UPSC).Joshi is currently a member in the Commission. He was administered the oath of office and secrecy by Arvind Saxena, the outgoing chairman of the UPSC.
Union Public Service Commission (UPSC)
Airtel Payments Bank has teamed-up with Bharti AXA General Insurance in a bid to offer ‘shop insurance’ for its retailers and merchants. The policy will provide financial protection in case of damage to assets inside the shop due to fire and allied perils and burglary, among others, as covered in the product.
About Smart Plan Shop Package Policy:
India has contributed $15.46 million to the India-UN Development Partnership Fund, underscoring the country’s commitment to supporting developing nations in their developmental priorities across all the Sustainable Development Goals.
The cheque was handed over by India’s Permanent Representative to the UN Ambassador T S Tirumurti to the United Nations Office for South-South Cooperation (UNOSSC) Director Jorge Chediek.
About India-UN Development Partnership Fund:
RBI governor Dr. Shaktikanta Das today said that the apex bank’s monetary policy committee has decided to unanimously leave the policy repo rate unchanged at 4 per cent. He added that RBI will continue with the accommodative stance of monetary policy as long as necessary to revive growth, mitigate the impact of COVID-19, while ensuring that inflation remains within the target going forward. In an address after the conclusion of the three day MPC meeting on Thursday via video conferencing, RBI Governor said the Marginal Standing Facility (MSF) rate and the Bank rate remain unchanged at 4.25 per cent. He said, the reverse repo rate stands unchanged at 3.35 per cent. He said the MPC’s assessment is that the global economic activity has remained fragile and in retrenchment in the first half of 2020.
Haryana chief minister Manohar Lal Khattar launched Parivar Pehchan Patra in the state. A brain child of team CMO, the PPP will enable the citizens to get the benefits of various central and state government schemes at their door-step in a fair and transparent manner. The PPP will be now linked to Mukhya Mantri Parivar Samridhi Yogna (MMPSY). All the departments will be linked with e-Parivar Pehchan Patra (PPP) within the next three months. At present, the MMPSY, which was launched on January 26, 2020 and three pension schemes – Old Age Samman Allowance Scheme, Divyang Jan Pension Scheme, and Widow and Destitute Women Pension Scheme, have been integrated with Parivar Pehchan Patra.
Every year United Nations and other world organizations celebrate World Tribal Day or International Day of the World Indigenous People on 09 August. The day promotes and protects the rights of the world indigenous population. The day marked the first meeting of the United Nations Working Group on Indigenous Populations in Geneva, 1982. 2020 Theme: COVID-19 and indigenous people resilience.
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