General Knowledge Questions

Goods and Services Tax (GST)  will replace  all  central  as well as  state taxes  by  a  single  tax.  GST  will subsume  various  Central  indirect taxes,  including  the  Central  excise duty,Countervailing  duty,  Service tax,  etc.  It  also  subsumes  State Value Added Tax(VAT), Octroi and entry    tax,    Luxury    tax,    etc. Petroleum  products  like  kerosene, naphtha  and  LPG  will  be  under GST,  while  five  items,  including crude oil, natural gas, aviation fuel, diesel    and    petrol    have    been excluded.    Alcohol    for    human consumption will be out of GS

Coal production (weight: 4.38 %) increased by 12.0 % in June 2016 over June 2015. Its cumulative index during April to June 2016-17 increased by 5.4% over corresponding period of previous year.Natural Gas

The Natural Gas production(weight: 1.71 %) decreased by 4.5 % in June 2016 over June 2015. Its cumulative index during April to June 2016-17 declined by 6.1 % over the corresponding period of previous year.Refinery Products (93% of Crude Throughput)

Petroleum Refinery production(weight: 5.94%) increased by 3.5 % in June 2016 over June 2015. Its cumulative index during April to June 2016-17 increased by 7.1 % over the corresponding period of previous year.Fertilizers

Fertilizer production(weight: 1.25%)increased by 9.8 % in June 2016 over June 2015. Its cumulative index during April to June 2016-17 increased by 11.0 % over the corresponding period of previous year.

Punjab National Bank bagged Hindi implementation award Rajbhasha Kirti. Punjab National Bank got an award for outstanding performance in implementing the Official Language Policy during 2017-18.

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.