General Awareness Questions

Schedule bank’s account can be treated as inoperative account only after 2 years from the date of the last credit entry of interest on Fixed Deposit account as per RBI guidelines.

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. 

India finalised an Open Skies Agreement with Japan, allowing designated airlines of both signatory countries to operate freely. This is likely to be formalised during Japanese Prime Minister Shino Abe’s visit to India later this month. The agreement may allow airlines from Japan to fly directly to Chennai and Bengaluru. All Nippon Airways, Japan Airlines and Air India are the only carriers that connect the two countries, now.

Government has established the National Adaptation Fund on Climate Change (NAFCC) with a budget provision of Rs.350 crores for the year 2015-16 and 2016-17, with an estimated requirement of Rs.181.5 crores for financial year 2017-18. The objective of the fund is to assist State and Union Territories that are particularly vulnerable to the adverse effects of climate change in meeting the cost of adaptation. The National Bank for Agriculture and Rural Development (NABARD) has been appointed as National Implementing Entity (NIE) responsible for implementation of adaptation projects under the (NAFCC).