Current Affairs- Important Points- Sep 3, 2017






Current Affairs- Important Points- Sep 3, 2017



  • Raghuram Rajan, former RBI Governor is the author of the book ‘I do what I do’ ( The book will be launched in September 2017).

  • Syed Ghayorul Hasan Rizvi has been appointed the Chairman of National Commission for Minorities(NCM) in May 2017.

  • ‘Despacito’ by Luis Fonsi became the first video to hit 3 billion views on YouTube in August 2017.

  • Justice Mukul Mudgal, who headed the IPL 2013 spot-fixing probe is currently the head of the FIFA Governance Committee and Review Committee.

  • World Rabies Day is September 28. It was launched in 2007. The day marks the anniversary of the death of Louis Pasteur.

  • The first woman Chief Justice of a High Court in India is Leila Seth. She authored ‘On Balance: An Autobiography’

  • Leila Seth
    Leila Seth


  • Hong Kong topped the International Institute for Management Development (IMD) World Competitiveness Yearbook 2017 list released in July 2017. Hongkong is followed by Switzerland, Singapore, the United States and the Netherlands.

  • The World Water Council is an international think tank. It was founded in 1996, headquartered in Marseille, France.

  • Yusra Mardini has been appointed as UNHCR(the UN High Commissioner for Refugees) Goodwill Ambassador. She belongs to Syria.

  • Colson Whitehead won the 2017 Pulitzer Prize for fiction for ‘The Underground Railroad’ book. The book took Whitehead 16 years to write and he also received a MacArthur fellowship in 2002.

  • Uttar Pradesh state government has formed ‘Maa’ committees for to check mid-day meals quality in schools.

  • As per an IMF report, India will overtake Germany in 2022 as the World’s fourth largest Economy.

  • Patricia Espinosa is the Executive Secretary of the United Nations Framework Convention on Climate Change(UNFCCC) visited India recently.

  • Patricia Espinosa
    Patricia Espinosa


  • Pudong International Airport is located in Shanghai.

  • Interest in SB Account is calculated on daily balance basis.

  •  15 Days is the time period under SARFAESI Act for replying the borrower, in case he raises an objection for possession of the asset.

Current Affairs- Important Points- August 31, 2017





Current Affairs- Important Points- August 31, 2017


1-A company which pools money from investors and invests in stocks, bonds, shares is called Mutual fund


2-When an endorser waives presentment and notice of dishonor he increases his liability. His endorsement is Facultative endorsement


3-Except Promissory Note, examples of Quasi Negotiable Instruments, under the Negotiable Instrument Act, 1881 are Dividend Warrants, Bearer Debentures and Share Warrants



4-Section 131 of Negotiable Instrument Act, 1881 extends protection to the Collecting Banker


5-The validity period of prepaid payment instrument can be maximum six months from the date of activation/issuance to the holder.


6-Promissory note, Bill of exchange, Cheque are negotiable instruments except Bank Draft.


7-Transfer of any instrument in another person by signing on its back or face or on a slip of paper attached to it is known as Endorsement


8-A bill of exchange in which a bank orders its branch or another bank, as the case may be, to pay a specified amount to a specified person or to the order for the specified person is called bank draft.


9- An endorser is the not a party of the bill of exchange except the Drawer, the Drawee, and the Payee


10-SWIFT is owned by Member Banks


11-On the recommendations of Saraf Committee, RBI’s VSAT network called Indian Financial Network (INFINET) has been set up at Hyderabad.


12-The time for banking transactions under RTGS for Saturday day is 8 am to 3:30 pm


13-A bank allows its customers to effect banking transactions through its website such as transfer of funds. It is called Fully transactional websites


14-A bank allows its customers to send instructions to the bank for availing certain services. It is called Simple transactional website


15-Purchase now and pay later, is the feature of Credit card