General & Banking Awareness Quiz for IBPS Bank Exams - Set 19

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1. Union Cabinet approved Gold Bond and Gold Monetisation schemes to reduce the metal% demand in physical form on 9 September 2015. As per the statement of Finance Minister, Gold Bond scheme will have an annual cap of _________ per person.
1. 500 grams
2.  500 kilos
3.  50 grams
4.  1000 grams
5.  5 grams 
2. 2015-16 Budget proposed to launch SGB scheme to develop a financial asset as an alternative to gold. SGB stands for _________
1.  Select Gold Bond
2.  Sovereign Gold Bond
3.  Sixth Gold Bond
4.  Simple Gold Bond
5.  SBI Gold Bond 
3. Under the Gold Bond scheme instead of buying physical gold, Indian residents can buy the Gold Bonds. As per the Gold Bond scheme, the bonds would be issued for the term of  _________

1.  5-7 years
2.  15-17 years
3.  1-2 years
4.  1-5 months
5.  None of the above 
4. Under Gold Monetisation Scheme, Union Finance Minister said the people holding idle gold can deposit it in banks for either short, medium or long term. Finance Minister said it is _________
1.  not a black money immunity scheme.
2.  a black money Immunity scheme.
3.  black money immunity scheme provided the depositor deposits up to 500 Grams of gold.
4.  black money immunity scheme provided the depositor deposits up to 100 Grams of gold.
5.  black money immunity scheme provided the depositor deposits up to 10 Grams of gold. 
5. Which of the following statement is wrong relating to Finance Minister statement on Gold Bond Scheme and Gold Monetisation Scheme?
1. It is safer and economically more stable to go under both of these schemes.
2. SGB scheme protects investors from medium-term volatility in gold prices.
3. The rate of interest earned on any scheme directly can be converted into USA Dollars.
4. Around 1,000 tonnes of gold is imported annually and people hold such quantum of idle gold just for investment purpose every year.
5. Gold mobilized under Gold Monetisation Scheme will be used in auctioning and replenishing RBI's gold reserves.
6. RBI signed a Moll with the Nepal Rastra Bank (NRB) on Supervisory Cooperation and Exchange of Supervisory Information. Who is the Governor of NRB?
1.  Kaushik Basu
2.  Deepak Guptha
3.  Dr. Chiranjivi Nepal
4.  K.V. Kamth
5.  Subhash Chandra Garg 
7. The RBI passed few guide fines about the issue of Credit cards by UCBs (Urban Cooperative Banks). The wrong option is _________
1.  UCBs are permitted to issue general purpose cards to their customers, but are not allowed to issue co-branded credit cards.
2.  General purpose cards are those that are issued under the trademark of credit card associations (VISA/ Mastercard etc) and accepted by many merchants.
3.  UCBs are permitted to issue Credit cards to their regular members and nominal members only, but not to non-members.
4.  Card issuing banks would be solely responsible for fulfillment of all KYC requirements.
5.  All of above are correct 
8. World Bank ranked which state as most investor-friendly State in its report Assessment of State Implementation of Business Reforms' released on 14 September 2015?
1.  MP
2.  Chhattisgarh
3.  Gujarat
4.  AP
5.  Jharkhand 
9. Which bank launched SimplyCLICK, a credit card for online shopping by entering into partnership with 7 India's biggest e-commerce companies?
1.  Andhra Bank
2.  Union Bank of India
3.  SBI
4.  Bank of Baroda
5.  HDFC Bank 
10. The ICICI Bank launches 'Pockets', India's first digital bank on a mobile phone. Pick the correct one.
1.  Pockets' allows any individual (account holder or not) to download and instantly activate an e-wallet.
2.  Users can fund it from any bank account in the country and start transacting immediately. It requires no documentation or branch visit.
3.  Users can also choose to add a zero balance Savings Account to it.
4.  This e-wallet allows users to instantly send/ request money to/ from any e-mail id, mobile number, friends on Facebook and bank account.
5.  All of the above 
11. Who heads the committee to restructure the Central Water Commission (CWC) and the Central Ground Water Board (CGWB) to encourage optimal development of water resources in the country? (He was the ex-member of Planning Commission).
1.  Navalawala
2.  Uma Bharathi
3.  Mihir Shah
4.  A.K. Mathur
5.  Vtriyasagar Rao
12. Who is heading 30-member Joint Committee of Parliament that is discussing the Plight to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill?
1.  Pratap Rudy
2.  Veerappa Moily
3.  S.S. Ahluwalia
4.  Sitaram Yechury
5.  None 
13. Asia's biggest onion market located in Lasalgaon. Where is Lasalgaon?
1.  Maharashtra
2.  AP
3.  Odisha
4.  West Bengal
5.  Karnataka 
14. Which state is the second to fix minimum educational qualifications for those contest-ing panchayat polls after Rajasthan?
1.  Assam
2.  AP
3.  Haryana
4.  UP
5.  Bihar 
15. Ranil Wickremesinghe visited India. He is the Prime Minister of   _________
1.  Nepal
2.  Bhutan
3.  Sri Lanka
4.  Myanmar
5.  Maldives
16. Who was unanimously elected as the Chairman of the Press Trust of India (PTI) on 14 September 2015? (He is current Managing Director of Bombay Samachar).
1.  Riyad Mathew
2.  Ramoji Rao CH
3.  Hormusji N Came
4.  Malini Parthasarathy
5.  Jaideep Bose 
17. SEBI permits 156 AIFs to operate in India. AIF stands for _________
1.  Attractive Investment Funds
2.  Attentive Investment Funds
3.  Attractive Initiative Funds
4.  Alternative Investment Funds
5.  None 
18. Which of the following statements is wrong relating to AIFs?
1.  AIF is newly created class of pooled-in investment vehicles for reel estate, pri-vate equity and hedge funds.
2.  AIF have been registered with SEBI since August 2012.
3.  AIFs must be registered with RBI also, once registered with SEBI.
4.  HDFC Capital Affordable Real Estate Fund, Unicorn India Ventures Trust, Arthveda Affordable Housing Trust and Blume Ventures India Fund are few examples.
5.  AIFs are funds established or incorporat-ed in India for the purpose of pooling in capital from Indian and foreign investors for investing as per a pre-decided policy. 
19. The following statements are relating to AIFs. Locate the correct one.
1.  Under SEBI guidelines, AIFs can operate broadly in three categories.
2.  Category-I: AIFs are those funds that get incentives from the government, SEBI or other regulators and include social venture funds, infrastructure Funds, venture capital funds and SME funds.
3.  Category-Ill: AIFs are those trading with a view to making short-term returns and includes hedge funds among others.
4.  Category-II: AIFs can invest anywhere in any combination but are prohibited from raising debt, except for meeting their day-to-day operational requirements.
5.  All of the above 
20. Favia Pennons had beaten Roberta Vinci to win US women's singles 2015. Ravia Pennetta belongs to  
1.  Italy
2.  USA
3.  Serbia
4.  Czech Republic
5.  Norway

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