Daily Five Apr 11 2017

Daily Five Apr 11 2017


Date: 11/04/2017
1. Tips/Tricks
2. Prelims Questions
3. QuickBytes
4. RAG topics
5. Mains Questions
All the below notes will also be updated in the ARISE IAS RAG List for systematic revision.
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1. Tips/Tricks

Purity, patience, and perseverance are the three essentials to success, and above all, love. -SV


2. Prelims Questions

1. Which of the following is true about Banks Board Bureau
a. It is an autonomous body of Government of India
b. It recommends selection of chiefs for public and private banks
c. Both
d. None

2. Which of the following is false about champaran satyagraha
A. Rajendra Prasad and Jawaharlal Nehru were also part of Champaran Satyagraha.
B. Champaran Satyahraha was to give relief to indigo plant cultivators
C. Due to protest, landlords signed an agreement granting more Compensation and control over farming for the poor farmers of the region
D. Champaran satyagraha was the first swaraj movement spear-headed by Mahatma Gandhi.
Ans:
1. Only A, It is only for public banks not private banks
2. D.
Gandhiji insisted that neither the protestors in Bihar nor in Gujarat allude to or try to propagate the concept of Swaraj (freedom) or Independence. This was not about political independence, but a revolt against harsh conditions amidst a humanitarian disaster.
(Important because of centenary celebration)


3. QuickBytes (Use these quotes/figures/facts in your Mains Exam)

Write off vs. Waive off
Write off and waive off are different. The truth is that write offs are necessary for smooth and transparent operations of a bank. Since loans are assets, not mentioning that a particular asset has turned worthless or bad is tantamount to lying to the customer. So the banks often write off bad debts in their books of accounts. But this does not mean that the loan given to a defaulter (this is why those failing to pay their loans are called defaulters) is not being pursued. Banks do everything in their power to get that loan back.
http://www.investopedia.com/ask/answers/070815/why-do-banks-write-bad-debt.asp


4. RAG topics

A. Friendship is a flowing river: Sheikh Hasina
SOURCE
B. Stepping up to a shared potential: Malcolm Turnbull
SOURCE


5. Mains Questions

1. The focus areas for India and Australia relationship are economic, knowledge and strategic partnerships. Discuss
2. What is the Teesta water dispute between India and Bangladesh? Does an agreement like Indus water treaty help to resolve this issue?

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