SH- Current Affairs Update- December, 2017

Full Month Current Affairs

Current Affairs According to Date

Current Affairs Update 28th -30th November, 2017

Dear SH Aspirants,
Study Daily Current Affairs and stay updated as well as prepare for General Awareness section of bank or ssc exams. It's time to gear up your preparations for IBPS PO/ RRB PO/ SBI PO/ RBI SSC EXAMS and with the daily dose of current affairs, you can easily prepare G.A and score well.

CurrentAffairs November 28, 2017

CurrentAffairs November 29, 2017

CurrentAffairs November 30, 2017

New pattern English: Quiz

Dear Readers,

Directions (1-10): In the following questions, choose the grammatically correct sentence from among the five options given for each question. 

Q1. A. It looks like it is going to rain this afternoon.

B. It looks as if it is going to rain this afternoon.

C. It looks as if it is going to rain today afternoon.

D. It looks like it is going to rain today afternoon.

(a) A

(b) B

(c) C

(d) D 

(e) None of these 

Q2. A. A belief that he is humble and being really humble is what makes him so likeable.

B. A belief that he is humble and being really humble are what makes him so likable.

C. Believing that he is humble and really being humble is what makes him so likeable.

D. Believing that he is humble and really being humble are what makes him so likable.

(a) A

(b) B

(c) C

(d) D 

(e) None of these 

Q3. A. This book left by who knows whom? has been lying here for days.

B. This book - left by who knows whom - has been lying here for days.

C. This book left by - who knows who? - has been lying here for days.

D. This book left by - who knows who - has been lying here for days.

(a) A

(b) B

(c) C

(d) D 

(e) None of these 

Q4. A. I can understand my sister better than my mother.

B. I can understand my sister more than my mother.

C. I can better understand my sister than my mother.

D. I can understand my sister better than I can understand my mother.

(a) A

(b) B

(c) C

(d) D 

(e) None of these 

Puzzle/Syllogism New Pattern: Reasoning

Dear Readers,

Directions (Q. 1-5): Study the following information carefully to answer the given questions:

Eight People – Sharma, Mishra, Akash, Rahaman, Bablu, Kumar, Naveen and Yuvan live in ten different floors of a building (but not necessarily in the same order). Two of the floors in the building is vacant. The lowermost floor of the building is numbered one, the one above that is numbered two, and so on till the topmost floor is numbered ten. Each one of them also likes different browsers, namely Opera, Firefox, UC, Safari, Avant, Slim, Google Chrome and Internet Explorer(but not necessarily in the same order).

The number of people living below Kumar is same as the number of people living between Kumar and Yuvan. Kumar lives an odd numbered floor above the floor numbered four. The top most floor is vacant. Only one person lives between Mishra and the one who likes Safari. Only three floors between Rahaman and the one who likes Avant. The number of floors between the one who likes Google Chrome and the one who likes Safari is two. The one who likes Slim lives immediately above Naveen. Only three floors between Naveen and Sharma. The one who likes Internet Explorer lives immediately above the one who likes Opera. Akash lives one of the odd numbered floors above the one who likes Avant. The number of floors between Kumar and the one who likes Firefox is only one. Only one person lives between the one who likes Internet Explorer and the vacant floor. Only two people live between Akash and vacant floor. The number of floors between two vacant floors is five. The one who likes Internet Explorer and Firefox not live in the floors numbered 8 and 7 respectively. The one who likes Safari browser lives immediately below the floor in which Akash lives.

1). How many people live between Akash and Bablu?

a)  Four

b)  Three

c)  None

d)  Five

e)  Two

2). Which of the following floors are vacant?

a)  3, 10

b)  5, 10

c)  4, 10

d)  2, 10

e)  1, 10

New Pattern English: Quiz

Directions (1-15): Four sentences are given with a blank in each. Five words are also given. The blank in each sentence can be filled by one or more words. Similarly, each word given in the choices can go into any number of sentences. Identify the number of sentences each word can go into and mark as your answer the maximum number of sentences any word can go into. 

Q1. A. The millionaire has __________ Rs. 10,00,000 for this priceless artifact.

B. In a/an __________ to rescue the child who was caught in fire, she sustained burns.

C. I went to the railway station to __________ goodbye to my friend.

D. I was asked to __________ a price by the auctioneer.

(a) quoted

(b) attempt

(c) bid

(d) say

(e) spend

Q2. A. He __________ many spine-chilling anecdotes to us.

B. The law extends to several __________ groups.

C. This person is not __________ to me in any way, he is a trickster.

D. The two groups are __________ to each other.

(a) allied

(b) connected

(c) related

(d) recounted

(e) narrated

Q3. A. Can you please __________ the bell?

B. The words spoken by him still __________ in my ears.

C. Mahatma Gandhi was the __________ leader of the Non-Cooperation movement.

D. I shall give you a __________ after reaching home.

(a) sound

(b) ring

(c) chief

(d) call

(e) sell

Q4. A. Many students still __________ around the college, even after the classes are over.

B. Every citizen of India should __________ his head in shame at the brutal killings in the name of religion.

C. There is ample space in the wardrobe for you to __________ your clothes.

D. “__________ the perpetrators of the crime!” shouted the angry mob.

(a) execute

(b) loiter

(c) hang

(d) bend

(e) store

Quantitative Aptitude: Quiz

Q1. In a company XYZ, the respective ratio between the total number of under graduate employees and the total number of graduate employees is 13 : 23. The company has only two branches, one in Mumbai and other in Delhi. If the total number of under graduate employees in Mumbai branch is 351, which is 30% of the total undergraduate employees in the company, what is the total number of graduate employees in the company?

(a) 2185

(b) 1955

(c) 2070

(d) 2691

(e) None of these

Q2. If the present population of a state is 27,500 and after 2 years it increases to 39,600 then what is the rate of increase per year?

(a) 25%

(b) 10%

(c) 17%

(d) 13%

(e) 20%

Q3. A merchant buys two items for Rs. 7500. One item he sells at a profit of 16% and the other item at 14% loss. In the deal the merchant makes neither any profit nor any loss. What is the difference between selling price of both the items? (in rupees) 

(a) 625

(b) 610

(c) 620

(d) 630

(e) 615

RC IBPS CLERK/PO/SBI PO/RBI/SSC

Directions (1-10): Read the following passage carefully and answer the following questions given below it.

Today, with a Noble prize to its credit, Grameen is one of the largest microfinance organisations in the world. It started out lending small sums to poor entrepreneurs in Bangladesh to help them grow from a subsistence living to a livelihood. The great discovery its founders made was that even with few assets, these entrepreneurs repaid on time. Grameen and microfinance have since become financial staples of the developing world. Grameen’s approach, unlike other microfinanciers, uses the group-lending model. Costs are kept down by having borrowers vet one another, typing together their financial fates and eliminating expensive loan officers entirely. The ultimate promise of Grameen is to use business lending as a way for people to lift themselves out of poverty.

 Recently Grameen has taken on a different challenge – by setting up operations in the US. Money may be tight in the waning recession, but it is still a nation of 1,00,000 bank branches. Globally, the working microfinance equation consists of borrowing funds cheaply and keeping loan defaults and overhead expenses sufficiently low. Microlenders, including Grameen, do this by charging colossal interest rates – as high as 60% or 70% - Which is necessary to compensate for the risk and attract bank funding. But loans at rates much above the standard 15% would most likely be attacked as usurious in America.

So, the question is whether there is a role for a Third World lender in the world’s largest economy. Grameen America believes that in a few years it will be successful and turn a profit, thanks to 9 million US households untouched by mainstream banks and 21 million using the likes of payday loans and pawn ships for financing. But enticing the unbanked won’t be easy. After all, profit has long eluded US microfinanciers and if it is not lucrative, it is not microlending, but charity. When Grameen first went to the US, in the late 1980s, it tripped up. Under Grameen’s tutelage, banks started microloans to entrepreneurs with a shocking 30% loss. But Grameen America says that this time results will be different because Grameen employees themselves will be making the loans, not training an American bank to do it. More often than not, the borrowers, Grameen finds, in the US already have jobs (as factory  workers for example) or side businesses – selling toys, cleaning houses etc. The loans from Grameen, by and large, provides the steadier source of funding, but they don't create businesses out of anything. But money isn’t everything. More importantly for many entrepreneurs, group members are tremendous sources of support to one another. So even if studies are yet to determine if Grameen is a clear-cut pathway out of poverty, it still achieves something useful.

Q1. What has adversely affected the success of microfinance institutions in the US?

(a) The focus of these institutions is on making a profit at any cost instead of being charitable to the needy.

(b) American banks engaged in microlending were the most severely hit during the recession.

(c) A widespread perception among bankers that these institutions are better suited to developing countries.

(d) Their failure to attract those outside the formal banking system as customers

(e) Americans are too proud to accept aid from Third World countries.

Q2. Why has Grameen made a second attempt to launch itself in the US?

(a) The willingness of US banks to provide the necessary staff and funds to facilitate the spread of microfinance

(b) The rates of interest on loans in the US are exorbitant, making it easier to recover capital.

(c) The realization that a large percentage of the American population not reached by mainstream banks can be trapped

(d) Recognition of the fact that disbursing credit in developing countries during the recession is too risky.

(e) None of these