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Banking Digest 11 July 2018

 

National

  • Prime Minister Narendra Modi and President of the Republic of Korea Moon Jae-in  inaugurated Samsung’s mobile manufacturing plant at – Noida
  • Central Institute of Plastics Engineering & Technology works under - Ministry of Chemicals and Fertilizers
  • In July 2018,Central Institute of Plastics Engineering & Technology (CIPET) operates from number of locations – 32 Locations
  • India Smart Cities Internship (ISCI) Program and The Smart Cities Digital Payments Awards 2018 will be implemented as pilot project in - 25 Cities
  • Under Smart City Mission, number of cities to be developed are – 100
  • An Empowered Expert Committee (EEC) in its report recommended number of institutions as ‘Institutions of Eminence’ – 6
  • ‘Institutions of Eminence’ declared under Public Sector by Empowered committee are : (i) Indian Institute of Science, Bangalore (ii) Indian Institute of Technology, Bombay (iii) Indian Institute of Technology, Delhi.
  • Asian Development Bank(ADB) accorded approval for lining project for – Son Canal
  • Indian Railways Introduces First Double Stack Dwarf Container Service from -  Rajkot Division of Western Railway
  • The Tourism Ministry will organize  the  ‘first ever’ India  Tourism  Mart (ITM)  at – New Delhi

International

  • Person nomitated by US Prez Donald Trump as Supreme Court Judge - Brett Kavanaugh

Sports

  • India's premier gymnast Dipa Karmakar clinched a gold medal in FIG Artistic Gymnastics World Challenge Cup in – Vault Event
  • The first player in the history of T20 Internationals to break the 900-point mark - Aaron Finch

General Knowledge

  • When a large number of customers of a bank or another financial institution withdraw their deposits simultaneously due to concerns about the bank's solvency –Bank Run
  • Funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment – Capital Expenditure
  • When an individual or organization can no longer meet its financial obligations with its lender or lenders as debts become due – Insolvency

Economy

  • A bank Set up to buy the bad loans of another bank with significant nonperforming assets at market price – Bad Bank
  • The owner of a government, municipal or corporate bond – Bond Holder
  • Debt security issued by an authority, such as a corporate or government agency – Authority Bond

 

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