Current Affairs are an indispensable part of the general awareness section in most of the banking exams. If properly prepared, the current affairs part can easily fetch you good marks in an exam. Not just in the exam, knowing current affairs will also help you to a great extent in interviews. Current affairs questions stand apart as unlike reasoning & quantitative aptitude questions, there are no lengthy calculations involved. You can answer current affairs questions quickly as either you would be knowing the answer or you wouldn’t know it. More time allows you to have a glance at all the questions of current affairs and answer the ones you know.
Is Preparation of Current Affairs Difficult?
Unlike other sections like Reasoning, English, Quantitative Aptitude, Computer Awareness etc. the syllabus of current affairs is indefinite and questions can be asked on literally any topic in the world which has been in news. But that said if you observe the news carefully on a consistent basis, memorize new news/facts and continue revising old topics, you can answer a majority of the questions asked in current affairs. So to answer the question, preparation of current affairs is not difficult provided you are disciplined and devote 1-1.5 hours to the current affairs on a daily basis.
How to Prepare for Current Affairs?
Different aspirants employ different methods to prepare for current affairs. While some aspirants thoroughly go through different newspapers & magazines and make their own notes, other aspirants rely on current affairs capsules & PDFs released by different platforms. Our opinion is that if you really want to score high in current affairs and want to give a good boost to your overall score, you should skim through newspapers & magazines and make your own notes. Current Affairs Capsules & PDFs should be used purely for revision purpose and should be used as a check to include something which you might have missed in your notes.
Let’s have a look at the methods you should employ for a solid preparation of current affairs.
Reading newspaper is a great way to update your current affairs. If you are appearing for a banking exam then this habit will also help you increasing your reading speed. This skill will be useful in the reading comprehension topic of English section. Devote at least 1 hour towards reading of a good English newspaper (for eg. The Hindu, The Indian Express, The New Indian Express etc.). You may initially find it hard to read newspapers because of less time and unable to understand/retain information from the newspaper. But you should not give up and persist to follow this habit.
How to Read Newspaper for Banking Exams?
As we have already stated that it’s extremely useful to prepare your own notes for a better preparation of current affairs. You should also note down important points while reading a newspaper. Now the question comes what to note & how to do it? To answer this question, you should focus on all the news, articles, editorials which pertain to one or more of the below categories:
- National News
- International News
- Sports News
- Science and Technology News
- Economic News
Now pick the first topic and start making your own notes. When making notes, you should note the below:
- Title of the news/article (in your own words)
- What happened in the news?
- Which area/region was affected by this news?
- When did this event happen?
- Reasons behind this event
- Important Facts & Figures in the news
This may look a lengthy task initially, but once you start doing it, it will not take much time. And once you prepare your own notes in your own words, it will be easy for you to memorize and very easy for you to revise on a regular basis. Also, the night before the exam, these notes will come very handy for you to revise.
Like newspaper, magazines are also an important source of information. But unlike newspapers, magazines come on a monthly basis and have the news in a concise format. But don’t read magazines at the cost of reading newspapers. Use magazines like Pratiyogita Darpan & Competition Success Review for this purpose. Continue reading newspapers and use magazines for revision and to include anything that you may have missed out.
Consider Current Affairs of 6 Months when preparing notes
It has been observed that current affairs of past 6-7 months have been asked in banking exams. So say, you have an exam in the month of September 2020. For this exam, you should start preparing current affairs from the months of February/March – September 2020.
Other Sources of Current Affairs
Other sources which you should refer to for current affairs preparation is RBI FAQs, RBI Notifications & Circulars. Check previous years’ question papers to understand what kinds of questions have been asked in the past so that you can include the same topics in your notes.
Take Current Affairs Quizzes
Current Affairs Quizzes are a great way to test your preparation and they also give you additional questions which you might have missed in your notes. Highlight the questions which you have either answered incorrectly or have skipped. Take some time to review these questions so that you don’t lose marks in the actual exam if the question on same topic appears over there. Take Current Affairs Quizzes now.
Refer to Weekly Current Affairs Compilation PDF
As already mentioned, there is nothing better than making your own notes for preparation of current affairs. We at PracticeMock, compile current affairs on a weekly basis in a PDF format. Once you’ve prepared your notes you can use these PDFs for a quick revision and to check if there is something which you have missed in your notes. This week we are publishing the Week 3 Current Affairs compilation PDF which you can download from the link below. You can check all the Weekly Current Affairs PDFs here.
Use Monthly Current Affairs Compilation PDF
We also compile monthly current affairs PDFs on a monthly basis. You can use & revise these PDFs to refresh your current affairs preparation. Apart from your current affairs notes, these PDFs will be a good source for revision.
This is all from us in this article. Below is the link to download Weekly Current Affairs July (Week 3) 2020.
- Union Environment Minister Shri Prakash Javadekar informed that the Zonal Master Plan of Bhagirathi Eco-Sensitive Zone has been approved.
- Defence Ministry signed a contract with the Bharat Earth Movers Limited (BEML) to procure 1,512 mine plough devices at a cost of Rs 557 crores.
- India successfully conducted the flight trial of Dhruvastra anti-guided missile at the Interim Test Range of Odisha. The trials of the helicopter launched Nag Missile (HELINA) were successful. The missile has now been renamed as “Dhruvastra”.
- Union Environment and Information Broadcasting Minister Prakash Javadekar hailed “KURMA” application to track and report Indian turtles.
- Department of Promotion of Industry and Internal Trade has suggested to freeze changes in Defence Procurement Policy for 4 to 5 years. The Defence Procurement Policy has gone through six revisions between 2015 and 2017. This underlines lack of long-term stability in regulations.
- PM SVANidhi app was launched by the Minister of Urban Affairs. The application aims to provide user-friendly digital interface for lending institutions and their functionaries to source and process loan applications of street vendors.
- The Ministry of Youth Affairs and Sports have partnered with UNICEF to strengthen the youth volunteers in the country to achieve Atma Nirbhar Bharat Abhiyan. That is, India is to become self-reliant through such measures. The GoI has signed a statement with YuWaah of UNICEF. It is a multi-stake holder platform formed by UNICEF.
- India and US held a strategic virtual energy partnership meet to review the progress of major accomplishments and also to prioritize new areas of cooperation. The main outcome of the ministerial meet is the participation of India in the multilateral platform ACT.
- PM Modi congratulated Kakrapur Atomic Plant of Gujarat to reach its criticality. Criticality is reaching normal operating condition. The Kakrapar Atomic Plant produces power from indigenously built reactors and is a major step of GoI in promoting Make in India campaign. The reactor generates 700 MW of power.
- A Space start up called the Digantara has developed India’s first in-orbit space debris monitoring and tracking system. The system works on LIDAR (Light Detection and Ranging) technology.
- IIT-Madras supported startup Modulus Housing has developed portable hospital unit. The unit can be dragged anywhere and can be installed within 2 hours. The portable hospital has been named “MediCAB”. The portable hospital is being launched in Wayanad district of Kerala where the units are being deployed to treat COVID-19 patients.
- CSIR-CMERI unveiled COVID-19 protection System (COPS) for workplaces. The COPS include contactless solar based intelligent mask automated dispensing unit cum thermal scanner (IntelliMAST), 360-degree car flusher and touchless faucet.
- Delhi Chief Minister Arvind Kejriwal launched “Mukhya Mantri Ghar Ghar Ration Yojana”. The scheme is to help the eligible beneficiaries get ration delivered at home.
- Minister of food Processing Industry Harsimrat Kaur Badal e-inaugurated the first Mega Food Park in Mizoram. The Zoram Food Park (non-governmental) inaugurated in Mizoram.
- Odisha Government announced that transgenders are to be included under Madhu Babu Pension Yojana. Madhu Babu Pension Yojana is a social security scheme that was launched in the state of Odisha.
- Karnataka has announced the formation of Karnataka Digital Economy Mission. The Mission is being launched under the provision of Section 8 of the Companies Act, 2013.
- Andhra Pradesh recently announced the Renewable Energy Export Policy, 2020. The policy permits sale of power to other states of India. The policy is to be implemented by NREDCAP (New and Renewable Energy Development Corporation of AP Limited).
- According to the State Government of Kerala, community transmission has occurred in two coastal hamlets near capital Thiruvananthapuram.
- Tamil Nadu State Government signed eight new Memorandum of Understanding of Rs 10,399 crores. The MoUs will bring investments in the areas of solar cells, agrotech, iron foundry and module manufacturing.
- South Korea recently launched its first ever military satellite to defend itself against nuclear armed North Korea. The satellite has been named “ANASIS II”
- The 75th United Nations General Assembly is to be conducted virtually in 2020 for the first time in its history. The 2020 session is to begin on September 15.
- India began its trial trans-shipment of goods from India to the North East through the Chittagong port of Bangladesh.
- India and Maldives signed agreement to establish “Emergency Medical Services” in Male.
- The Japanese Government recently approved Dexamethasone as a second treatment of COVID-19.
- Finance Minister Nirmala Sitaraman participated in third G20 Finance Ministers and Central Bank Governors meet. The meet was presided by Saudi Arabia.
- India and Russia held a virtual meeting on “India-Russia Relations in the context of post-pandemic global order”. The meet was organized by Indian Council of World Affairs (ICWA) and Russian International Affairs Council (RIAC).
- India and Israel signed agreements to expand their collaboration in dealing with cyber threats. The agreement was signed between Director General of Israel’s National Cyber Directorate (INCD) and India’s Ambassador to Israel Sanjeev Singla. The agreement also involved Indian Computer Emergency Response Team (CERT) that operates under Ministry of Electronics and Information Technology and INCD.
- India and Bhutan opened a new trade route between Jaigon in West Bengal and Pasakha in Bhutan.
- Union Civil Aviation Minister Hardeep Singh Puri announced that India is to resume operation of international commercial flights with France and US.
- Tunisian PM Elyes Fakhfakh resigned. He presented his resignation to the President of Tunisia Kais
- China launched its first successful Mars probe from the Wenchchang spacecraft launch site. The Mars probe has been named Tianwen 1.
- United Arab Emirates launched the first ever mission to Mars. The spacecraft Hope is to arrive Mars in February 2021.
REPORTS & SCHEMES
- Home Minister Amit Shah has launched “Vriksharopan Abhiyan”. The scheme will focus on creating green spaces by planting tree saplings in mined out areas.
- Ministry of Human Resources and Development will launch “Manodarpan” initiative under Atma Nirbhar Bharat Abhiyan. The initiative is being launched to provide psychosocial support to the students for their mental wellbeing.
- The Indian Council of Medical Research is to conduct study to evaluate effectiveness of BCG vaccine to prevent morbidity and mortality of COVID-19 elderly individuals. The study is to be conducted on people aged between 60 and 95 years in 19 hotspots in the country.
- Government of India announced that five portals are being developed by different organizations to promote innovation in India. This will help boost Atma Nirbhar Bharat Abhiyan.
The portals being developed are for specific sectors and are as follows
BHEL for power sector
CMFTI for manufacturing sector
HMT for machine tools
ICAT and ARAI for automotive sector
- The United Nations Environment Programme and the International Energy Agency released a report on “Cooling Emissions and Policy Synthesis”. The report cited benefits of cooling efficiency and Kigali Amendment report. The report says that by 2050, the world will need at least 14 billion cooling appliances. Currently, there are 3.6 billion appliances in use globally. This will significantly contribute to increase in temperature.
- International Trade Union Confederation released it ranking of 144 countries on degree of respect for workers’ rights. India was among the least performing 10 countries in the list.
- The ITUC report says that around 85% of the countries violated the right to strike and 80% violated right to collectively bargain. The ranking of the countries has been made based on the value of Global Rights Index. The index is prepared based on 97 metrics. This includes workers’ rights, right to strike, freedom from violent conditions.
- The United Nations recently released the Multidimensional Poverty Index, 2020. According to the index, India recorded the largest reduction in number of people living in poverty between the period 2015-19. The data were obtained from United Nations Department of Economic and Social Affairs (UNDESA). Around 273 million people have moved out of multidimensional poverty over 10 years. The report was released by the United Nations Development Programme and the Oxford Poverty and Human Development Initiative (OPHI). According to the report, both India and Nicargua have halved their MPI value among children of age 10 and 10.5 years respectively.
ECONOMY & BUSINESS
- The Central Board of Direct Taxes (CBDT) and Ministry of Micro, Small and Medium Enterprises (MoMSME) signed Memorandum of Understanding (MoU) to share data.
- FIU to get PAN data from Income Tax Department to check suspicious large transactions.
- The Financial Intelligence Unit under Income Tax Department is authorized to obtain cash transaction reports from private and public sector banks. The FIU receives reports every month to analyse suspicious cases.
- Minister of Power, New and Renewable Energy Shri R K Singh inaugurated first public Electric Vehicle charging plaza at Chelmsford club in New Delhi. Along with the charging plaza, the minister also inaugurated RAISE. RAISE is Retrofit of Air-conditioning to improve Indoor Air Quality for Safety and Efficiency (RAISE). It is a joint initiative of EESL and USAID.
- India Business Council is to host India Ideas Summit 2020. PM Modi is to address the summit.
The Summit will convene government leaders and business men for discussion about US-India partnership and trends in shaping trade and investment, globalization and future works.
This year summit is to focus on the following theme Focus: Building a Better Future
FINANCE AND BANKING
- National Payment Corporation of India (NPCI) launched UPI Auto Pay feature for recurring payments. The feature launched is dedicated to recurring payments. It can be used for multiple financial purposes such as booking bus pass, utility payment, paying DTH, train ticket among others. The organizations such as Policy Bazaar, Axis Bank, Timesprime, Razor Pay and Pay U India are to provide Auto Pay option to customers using recurring payments.
- The Central Board of Direct Taxes (CBDT) has informed that a new Utility Tool has been launched that will facilitate the Banks and Post Offices across the country with the accurate TDS rate (Tax Deduction at Source) applicable on cash withdrawals. The utility tool can be accessed by the Banks and Post Offices by visiting the web portal- ‘incometaxindiaefiling.gov.in’. The Utility Tool is available under the name’ Verification of Applicability u/s 194N’ on the portal.
- Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC) signed Memorandum of Understanding to exchange data with each other.
The agreement will help to facilitate exchange of information between the boards on regular basis. The agreement signed replaces the former agreement signed between Central Board of Excise and Customs (CBEC) and CBDT
AWARDS & RECOGNISTION
- The Climate Activist Greta Thunberg was awarded the Gulbenkian Prize for Humanity. She was awarded with prize money of 1 million Euros.
PERSON IN NEWS
- The Deputy Commissioner of Mumbai Customs Sahil Seth was appointed as the honorary adviser of steering committee for BRICS Chamber of Commerce and Industry (CCI)
- Sonu Sood launched “Pravasi Rojgar App”. The application provides all necessary information to find jobs and offer specific job training programmes.
- Madhya Pradesh Governor Lalji Tandon passed away.
- Former IAS officer and the first woman election commissioner of Maharashtra Smt Neela Satyanarayan passed away.
- World Youth Skills Day is celebrated on July 15. The day is celebrated to recognize the importance of equipping young people with skills of employment, entrepreneurship and decent work.
Theme: Skills for a resilient youth
- Every year Nelson Mandela International Day is marked all over the world on July 18. The day was officially declared by the United Nations in 2009 and the first UN Mandela day was observed in 2010.
- Every year, on July 23, National Broadcasting Day is celebrated all over India. The day is celebrated to commemorate the first ever radio broadcast aired in India.
We hope that this compilation of Weekly CA PDF (July: Week 3) will be helpful in your preparation.
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