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THE HINDU EDITORIAL 4th AUGUST 2021
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Reasoning Session Today

Topic Box based Puzzle

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Quiz 6
#Rrb #SBI
#IBPS PROFESSIONAL KNOWLEDGE

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Very important session on confusing banking terms

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THE HINDU EDITORIAL 5th AUGUST 2021
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🔰 Current Affairs - 5 August 2021 🔰
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1. Anurag Thakur Launches Paralympic Theme Song “Kar De Kamaal Tu”
Union Minister for Youth Affairs and Sports, Anurag Singh Thakur launched the theme song for the Indian Paralympic contingent in New Delhi. The song is titled “Kar De Kamaal Tu”.

2. RBI Authorises IndusInd Bank to act as an ‘Agency Bank’
The IndusInd Bank has been empanelled by the Reserve Bank of India (RBI) to act as an ‘Agency Bank’. As an Agency Bank, IndusInd becomes eligible to carry out transactions related to all kinds of government-led businesses. This decision is based on the RBI guideline that authorises scheduled private sector banks as agency banks of the regulator for the conduct of government business.

3. IMF approves historic $650 bln allocation of Special Drawing Rights
The Board of Governors of the International Monetary Fund (IMF) have approved a record general allocation of $650 billion in IMF Special Drawing Rights (SDR), to help boost global liquidity. The $650 billion SDR allocation aims to support member countries, especially emerging and developing nations, battling the coronavirus pandemic and the economic downturn it has caused.

4. DBS clinches global accolade for innovation in digital banking
DBS has been honoured as the global winner for Most Innovative in Digital Banking by Financial Times publication, The Banker, in its 2021 Innovation in Digital Banking Awards. The bank was also recognised as the Asia-Pacific winner and won in the Cyber Security category for its Secure Access and Remote Working Solution.

5. Shehroze Kashif becomes world’s youngest mountaineer to scale K2
A 19-year old Pakistani climber Shehroze Kashif became the youngest person in the world to reach the summit of K2, the second-highest peak in the world. Shehroze Kashif from Lahore achieved the feat of scaling the 8,611-metre high peak with the aid of bottled oxygen.

6. World’s largest star sapphire cluster found in a Sri Lankan backyard
World’s largest star sapphire cluster has been found in Ratnapura, Srilanka. The stone is pale blue in colour. It was found by labourers while digging a well in a gem trader’s home. Ratnapura is known as the gem capital of the country. The sapphire cluster weighs around 510kgs or 2.5 million carats. It has an estimated value of up to $100 million in the international market.

7. A new book titled “My Own Mazagon” by Captain Ramesh Babu
A new book titled “My Own Mazagon” has authored by Captain Ramesh Babu. The book published by Indus Source Books features the history and story of Mazagon, the island which was merged into a single entity as Bombay.

8. Mini Ipe appointed as MD of LIC
Mini Ipe took charge as managing director of Life Insurance Corporation of India. LIC is India’s 2nd-largest financial services institution with a Rs 31 lakh crore balance sheet, next to the country’s largest bank, State Bank of India, with assets of Rs 39.51 lakh crore.

9. Ordnance Factory launches new weapon ‘Trichy Carbine’
The Ordnance Factory Tiruchirappalli in Tamil Nadu launched a new high-tech and low sound weapon called TriCa, a mini version of the Trichy Assault Rifle. It was unveiled by General Manager of OFT Sanjay Dwivedi, IOFS (Indian Ordnance Factories Service) during a function.

10. European Space Agency launched ‘Eutelsat Quantum’ revolutionary reprogrammable Satellite
European Space Agency launched ‘Eutelsat Quantum’, the world’s 1st commercial reprogrammable satellite into space aboard Ariane 5 rocket from French Guiana. It is a fully flexible software-defined satellite. The satellite has been developed under a European Space Agency partnership project with satellite operator Eutelsat, Airbus & Surrey Satellite Technology.

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Topic - 20 most important question of Profit & Loss