Current Affairs for IBPS PO Mains | 2nd October 2019 Current Affairs Questions and Answers - Smartkeeda

Directions: Study the following questions carefully and answer the questions given below.
1
Which of the following cities has recently the 31st International Conference on Sindh?
» Explain it
C
Hints to Remember

Who: 31st International Conference on Sindh
What: held in London
When: published on 29th September 2019

The World Sindhi Congress (WSC) on Saturday hosted an international conference on Sindh in London, where the participants highlighted issues such as enforced disappearances of activists, human rights violations and forced conversion of religious minorities in Pakistan.

In a series of tweets, prominent Sindhi activists, journalists and experts graced their presence at the 31st International Conference on Sindh, and slammed Pakistan over its failure to respect democratic rights and curbs on by the country's military and called on the need to tackle growing religious extremism.

For the complete information kindly visit given link:

https://www.business-standard.com/article/news-ani/31st-international-conference-on-sindh-held-in-london-119092900035_1.html
2
Which of the following financial institutions has recently launched 'green' bond fund for central banks to promote green finance?
» Explain it
A
Hints to Remember

Who: BIS
What: launches green bond fund for central banks
When: published on 26th September 2019

The Bank for International Settlements (BIS) has launched an open-ended fund for central bank investments in green bonds. Responding to a growing demand for climate-friendly investments among official institutions, the BIS's green bond fund initiative helps central banks to incorporate environmental sustainability objectives in the management of their reserves.

With the support of an advisory committee drawn from a global group of central banks, the fund pools BIS client assets to promote green finance through sizeable climate-friendly investments and support the adoption of best market practices to deepen the green bond market.

The open-ended fund, denominated in US dollars, is structured according to Swiss law and belongs to the BIS Investment Pool (BISIP) family, a format commonly used by BIS Asset Management for its fixed income investment products. It is managed in-house by BIS Asset Management. Eligible bonds have a minimum rating of A- and comply with the International Capital Market Association's Green Bond Principles and/or the Climate Bond Standard published by the Climate Bonds Initiative.

For the complete information kindly visit given link:

https://www.bis.org/press/p190926.htm
3
Which of the following pairs has recently won the 'IBSF World Snooker Title defeating Thailand in the final?
» Explain it
B
Hints to Remember

Who: Pankaj Advani-Aditya Mehta pair
What: wins World Team Snooker title
When: published on 25th September 2019

The Indian duo of Pankaj Advani and Aditya Mehta has won the IBSF World Snooker Team title at Mandalay, Myanmar.

The Indian pair beat Thailand's team comprising C.Pongsakorn and D.Poramin 5-2 in the final.

This takes Advani's world title tally to a phenomenal 23 while Aditya claimed his maiden title.

For Advani, this win has ensured that his name is now there on every IBSF world title on offer. He had also won the world billiards event at Mandalay last week.

For the complete information kindly visit given link:

http://newsonair.nic.in/Main-News-Details.aspx?id=372057
4
As per the recent news, the Reserve Bank of India has placed which bank under its prompt corrective action (PCA) framework?
» Explain it
B
Hints to Remember

Who: RBI
What: places Lakshmi Vilas Bank under prompt corrective action
When: published on 28th September 2019

In a move that might put a question mark on the proposed merger of Indiabulls Housing Finance Ltd with Lakshmi Vilas Bank, the Reserve Bank of India has placed the private bank under its prompt corrective action (PCA) framework.

In regulatory filing on Saturday, the bank said that the central bank has taken this action owing to high level of bad loans, insufficient capital adequacy ratio, negative return on assets (RoA) for two consecutive years and high leverage. This action, the bank said, was based on the central bank’s risk-based supervision for FY19.

For FY19, the bank’s net NPA stood at 7.49%, capital adequacy ratio was at 7.72% and its RoA was -2.32%.

Under PCA, banks are mandated to cut lending to corporates and focus on reducing concentration of loans to certain sectors. They are also restricted from opening new branches and paying dividends. Banks currently under PCA are United Bank of India, Indian Overseas Bank, Central Bank of India, IDBI Bank and UCO Bank.

For the complete information kindly visit given link:

https://www.livemint.com/industry/banking/rbi-places-lakshmi-vilas-bank-under-prompt-corrective-action-11569652254780.html
5
Which of the following two countries holds the joint military exercise “KAZIND-2019”?
» Explain it
C
Hints to Remember

Who: INDO-KAZAKHSTAN Joint Military Exercise KAZIND – 2019
What: will be conducted at Pithoragarh from 02 to 15 October 2019
When: published on 27th September 2019

Joint Military Exercise KAZIND-2019 between India and Kazakhstan will be conducted at Pithoragarh from 02 to 15 October 2019. The exercise will comprise of nearly 100 soldiers from both Indian and Kazakhstan Army who would be sharing their experience gained during conduct of various counter insurgency and counter terrorism operations in the past.

Exercise KAZIND-2019 is the fourth edition of an annual event which is conducted alternatively in Kazakhstan and India. The aim of this exercise is to conduct company level joint training with emphasis on counter terrorism operations in mountainous terrain. During the exercise, aspects of emerging trends of global terrorism and hybrid warfare have also been included.

The joint military exercise will enhance the level of defence cooperation further fostering bilateral relations between the two nations.

For the complete information kindly visit given link:

https://pib.gov.in/newsite/PrintRelease.aspx?relid=193451

Important Current Affairs Questions and Answers: 2nd October 2019
 
1. Saudi Arabia to offer tourist visas for the first time.
(Latest Current Affairs Quiz of 2nd October 2019)

Saudi Arabia said it will offer tourist visas for the first time, opening up the kingdom to holidaymakers as part of a push to diversify its economy away from oil.

Kickstarting tourism is one of the centrepieces of Crown Prince Mohammed bin Salman's Vision 2030 reform programme to prepare the biggest Arab economy for a post-oil era.

The announcement comes just two weeks after devastating attacks on Saudi Arabia's oil infrastructure — blamed by Washington on Iran — which roiled global energy markets.

2. Saudi Arabia looking to invest $100 b in India.
(Current Affairs Questions and Answers of 2nd October 2019)

Saudi Arabia, the world’s biggest oil exporter, is looking at investing $100 billion in India in sectors such as petrochemicals, infrastructure and mining, considering the country’s growth potential.

Saudi Ambassador Dr Saud bin Mohammed Al Sati said India is an an attractive investment destination for Saudi Arabia and it is eyeing long-term partnerships with New Delhi in key sectors such as oil, gas and mining.

3. Air Marshal RKS Bhadauria takes charge as Chief of Air Staff after BS Dhanoa demits office.
(Important Current Affairs Quiz of 2nd October 2019)

Air Chief Marshal Rakesh Kumar Singh Bhadauria on Monday took charge as the 26th chief of the Indian Air Force.

He succeeds Air Chief Marshal BS Dhanoa, who retired after 41 years of service in the IAF.

Air Marshal Bhadauria was commissioned in the fighter stream of the Indian Air Force in June 1980, and has held various command, staff and instructional positions.

An alumnus of the National Defence Academy, Bhadauria was commissioned into the fighter stream of the IAF in June 1980 and won the coveted 'Sword of Honour' for standing first in the overall order of merit.

4. Sumit Nagal defeats Argentine Facundo Bognis to clinch ATP Challenger tournament.
(Latest Current Affairs PDF of 2nd October 2019)

Rising Indian tennis star Sumit Nagal once again proved his mettle as he clinched the ATP Challenger Tournament in Buenos Aires after beating Facundo Bognis in the men's singles final.

Seventh-seeded Nagal registered a comfortable 6-4, 6-2 win over the Argentine 8th seed to win the $54,160 ATP Challenger tournament. As a result of this win, Sumit will enter the top 135 of the ATP rankings when the new list is released.

5. Hyundai, Bank of Baroda tie up for vehicle finance.
(Today’s Current Affairs in Short of 2nd October 2019)

Hyundai Motor India Ltd (HMIL) said it has signed an agreement with Bank of Baroda to be the preferred financier for its dealers and consumers.

Under the agreement, the bank will provide detailed financing structure for both dealers and consumers, further enhancing its presence across network of Hyundai Motor India Ltd, the company said in a statement.

6. INDO-KAZAKHSTAN Joint Military Exercise KAZIND – 2019 will be conducted at Pithoragarh from 02 to 15 October 2019.
(Latest Current Affairs Capsule of 2nd October 2019)

Joint Military Exercise KAZIND-2019 between India and Kazakhstan will be conducted at Pithoragarh from 02 to 15 October 2019. The exercise will comprise of nearly 100 soldiers from both Indian and Kazakhstan Army who would be sharing their experience gained during conduct of various counter insurgency and counter terrorism operations in the past.

Exercise KAZIND-2019 is the fourth edition of an annual event which is conducted alternatively in Kazakhstan and India. The aim of this exercise is to conduct company level joint training with emphasis on counter terrorism operations in mountainous terrain. During the exercise, aspects of emerging trends of global terrorism and hybrid warfare have also been included.

The joint military exercise will enhance the level of defence cooperation further fostering bilateral relations between the two nations.

7. RBI places Lakshmi Vilas Bank under prompt corrective action.
(Most Important Current Affairs Questions and Answers of 2nd October 2019)

In a move that might put a question mark on the proposed merger of Indiabulls Housing Finance Ltd with Lakshmi Vilas Bank, the Reserve Bank of India has placed the private bank under its prompt corrective action (PCA) framework.

In regulatory filing on Saturday, the bank said that the central bank has taken this action owing to high level of bad loans, insufficient capital adequacy ratio, negative return on assets (RoA) for two consecutive years and high leverage. This action, the bank said, was based on the central bank’s risk-based supervision for FY19.

For FY19, the bank’s net NPA stood at 7.49%, capital adequacy ratio was at 7.72% and its RoA was -2.32%.

Under PCA, banks are mandated to cut lending to corporates and focus on reducing concentration of loans to certain sectors. They are also restricted from opening new branches and paying dividends. Banks currently under PCA are United Bank of India, Indian Overseas Bank, Central Bank of India, IDBI Bank and UCO Bank.

8. Pankaj Advani-Aditya Mehta pair wins World Team Snooker title.
(Top 10 MCQs on Current Affairs of 2nd October 2019)

The Indian duo of Pankaj Advani and Aditya Mehta has won the IBSF World Snooker Team title at Mandalay, Myanmar.

The Indian pair beat Thailand's team comprising C.Pongsakorn and D.Poramin 5-2 in the final.

This takes Advani's world title tally to a phenomenal 23 while Aditya claimed his maiden title.

For Advani, this win has ensured that his name is now there on every IBSF world title on offer. He had also won the world billiards event at Mandalay last week.

9. BIS launches green bond fund for central banks.
(Current Affairs and GK Quiz of 2nd October 2019)

The Bank for International Settlements (BIS) has launched an open-ended fund for central bank investments in green bonds. Responding to a growing demand for climate-friendly investments among official institutions, the BIS's green bond fund initiative helps central banks to incorporate environmental sustainability objectives in the management of their reserves.

With the support of an advisory committee drawn from a global group of central banks, the fund pools BIS client assets to promote green finance through sizeable climate-friendly investments and support the adoption of best market practices to deepen the green bond market.

The open-ended fund, denominated in US dollars, is structured according to Swiss law and belongs to the BIS Investment Pool (BISIP) family, a format commonly used by BIS Asset Management for its fixed income investment products. It is managed in-house by BIS Asset Management. Eligible bonds have a minimum rating of A- and comply with the International Capital Market Association's Green Bond Principles and/or the Climate Bond Standard published by the Climate Bonds Initiative.

10. 31st International Conference on Sindh held in London.
(Top 10 Objective Current Affairs Quiz of 2nd October 2019)

The World Sindhi Congress (WSC) on Saturday hosted an international conference on Sindh in London, where the participants highlighted issues such as enforced disappearances of activists, human rights violations and forced conversion of religious minorities in Pakistan.

In a series of tweets, prominent Sindhi activists, journalists and experts graced their presence at the 31st International Conference on Sindh, and slammed Pakistan over its failure to respect democratic rights and curbs on by the country's military and called on the need to tackle growing religious extremism.