General Awareness Questions

Indian Air Force (IAF) for first time will participate in multinational air exercise Pitch Black – 18 (PB18) in Australia hosted Royal Australian Air Force (RAAF). It will be three week multi-national large force employment exercise (27 July to 17 August 2018) conducted from RAAF Base Darwin and RAAF Base Tindal.

The Reserve Bank of India (RBI) has added HDFC Bank, the second largest private sector lender of country in list of Domestic Systemically Important Banks (D-SIBs). HDFC Bank is third bank in country to be added in list of D-SIBs after State Bank of India (SBI) and ICICI Bank which were added in 2016 and continue to be in that category.

SPAM, we usually see in mails as a folder which is a shortform for Something Posing As Meat.

Punjab National Bank (PNB's) managing director and chief executive, Sunil Mehta was elected as new chairman of Indian Banks Association (IBA) for year 2018-19. Bank of India's managing director and chief executive Dina Bandhu Mohapatra was elected as the deputy chairman. Indian Banks' Association, formed on 26 September 1946 as a representative body of management of banking in India operating in India - an association of Indian banks and financial institutions based in Mumbai. 

5.40% is the current reverse repo rate of RBI as of 2019. As of 2018 it is 6.5%.