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The correct answer is 40 years.

• Atal Pension Yojana (APY) addresses the old age income security of the working poor and the longevity risks among the workers in unorganised sector. It encourages the workers in unorganised sector to voluntarily save for their retirement. The Government had launched the scheme with effect from 1^st June, 2015. The scheme replaces the Swavalamban Yojana / NPS Lite scheme.

Benefits of APY

• Fixed pension for the subscribers ranging between Rs.1000 to Rs. 5000, if s/he joins and contributes between the age of 18 years and 40 years. The contribution levels would vary and would be low if subscriber joins early and increase if s/he joins late.
• The same pension is payable to Spouse after death of Subscriber.
• Return of indicative pension wealth to nominees after death of spouse.
• Contributions to the Atal Pension Yojana (APY) is eligible for tax benefits similar to the National Pension System (NPS). The tax benefits include the additional deduction of Rs 50,000 under section 80CCD(1).

Eligibility for APY

• Atal Pension Yojana (APY) is open to all bank account holders who are not members of any statutory social security scheme.
• Any individual who is eligible to receive benefits under the APY will have to furnish proof of possession of Aadhaar number or undergo enrolment under Aadhaar authentication. An APY subscriber will have to get the Aadhaar number recorded in his or her APY pension account and also in his/ her savings account where the periodic pension contribution instalments are debited and government co-contribution is to be credited.

Age of joining and contribution period

• The minimum age of joining APY is 18 years and maximum age is 40 years. Therefore, minimum period of contribution by the subscriber under APY would be 20 years or more.

Focus of APY

• Mainly targeted at unorganised sector workers.
• Enrollment and Subscriber Payment
• All bank account holders under the eligible category may join APY with auto-debit facility to accounts, leading to reduction in contribution collection charges.

Funding of APY

• The government would provide a fixed pension guarantee for the subscribers;
• Under the APY, the Central Government’s co-contribution of 50% of the subscriber’s contribution upto Rs. 1000 per annum, was available to each eligible subscriber, for a period of 5 years, i.e. from 2015-16 to 2019-20, who join APY before 31^st March, 2016 and who is not a beneficiary of any social security scheme and is not an income tax payer.
• The government would also reimburse the promotional and development activities including incentive to the contribution collection agencies to encourage people to join the APY.

• According to the RBI Act 1934, the central bank is responsible for management of currency in the country.
• The Reserve Bank of India co-ordinates with the government regarding the design of these notes and also the security features of such notes.
• RBI also decides on the quantity of the notes to be printed as per the demand.
• Section 22 of the RBI Act gives the bank the authority to issue currency notes.

The correct answer is debit. 

Important Points

Rules for debit and credit : 

The correct answer is 90 days.

• A non-performing asset (NPA) refers to a classification for loans or advances that are in default or in arrears on scheduled payments of principal or interest.
• Under the RBI norms, an account is classified as a non-performing asset (NPA) if it is not serviced for 90 days.
• Banks are required to classify NPAs further into Substandard, Doubtful and Loss assets.
• Substandard assets: Asset which has remained NPA for a period less than or equal to 12 months.
• Doubtful assets: An asset would be classified as doubtful if it has remained in the substandard category for a period of 12 months.
• Loss assets: As per RBI, “Loss asset is considered uncollectable and of such little value that its continuance as a bankable asset is not warranted, although there may be some salvage or recovery value.”

The correct answer is Corbett National Park.

Key Points

• Jim Corbett National Park, which is a part of the larger Corbett Tiger Reserve, a Project Tiger Reserve lies in the Nainital district of Uttarakhand.
• It was established in the year 1936 as Hailey National Park, Corbett has the glory of being India's oldest and most prestigious National Park.
• It is also being honored as the place where Project Tiger was first launched in 1973.
• It is among the few tiger reserves in India that allow overnight stays in the lap of the National Park.
• Sheltering a healthy population of tigers and rare species like Otters and the endemic fish-eating crocodile, the national park is one of the most sought-after destinations for wildlife buffs.

Important Points

• In 1972, a comprehensive Wildlife Act was enacted, which provides the main legal framework for the conservation and protection of wildlife in India.
• The two main objectives of the Act are
• To provide protection to the endangered species listed in the schedule of the Act.
• To provide legal support to the conservation areas of the country classified as National parks, sanctuaries, and closed areas.
• This Act has been comprehensively amended in 1991, making punishments more stringent, and has also made provisions for the protection of specified plant species and conservation of endangered species of wild animals.
• There are 103 National parks and 535 wildlife sanctuaries in the country.

Option 2 is correct, i.e. 1945.

• UNESCO is an abbreviation of United Nations Education, Scientific, and Cultural Organization.
• It was established on 16 November 1945.
• There are 193 member countries and 11 associate countries.
• The purpose of the formation of UNESCO is to promote collaboration among nations through education, science, and culture.
• The headquarters of UNESCO is in Paris, France, and the current President is Audrey Azoulay.

Extra facts:

Repo rate is the rate at which RBI lends money to commercial banks in the event of any shortfall of funds. Reverse Repo rate is the rate at which RBI borrows money from commercial banks within the country.

The Correct Answer is Marginal cost of funds based lending rate

• The MCLR stand for the marginal cost of funds based lending rate.
• The MCLR was introduced by RBI on April 1, 2016.
• It is the current rate-setting method for lending money by commercial banks.
• MCLR is set by the banks on the basis of the structure and methodology followed. To summarise, borrowers can benefit from this change.
• MCLR is an improved version of the base rate. It is a risk-based approach to determine the final lending rate for borrowers. It considers unique factors like the marginal cost of funds instead of the overall cost of funds. The marginal cost takes into account the repo rate, which did not form part of the base rate.
• When calculating the MCLR, banks are required to incorporate all kinds of interest rates which they incur in mobilizing the funds. Earlier, the loan tenure was not taken into account when determining the base rate. In the case of MCLR, the banks are now required to include a tenor premium. This will allow banks to charge a higher rate of interest for loans with long-term horizons.

• Uttarakhand celebrates its Phool Sankranti festival popularly known as the ‘Phool Dei’ festival to welcome the season of spring.
• This Pahari festival is celebrated with pomp and show during Makar Sankranti in the Kumaon and Garhwal regions of Uttarakhand.
• Phool Dei is celebrated on the first day of Chaitra or in mid-March (according to Gregorian calendar).

• Year 2019 marks the Golden Jubilee edition of International Film Festival of India which will be organised from 20^th-28^th November 2019.
• International Film Festival of India (IFFI) started way back in 1952, is an 'A' grade film festival accredited to the International Federation of Film Producers' Associations (FIAPF) and is one of the oldest and most prestigious festivals in Asia.