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December 22, 2016

Review 2016 : Banking & Financial Awareness Quiz - Set 1

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  1. Which bank has signed agreement with Reliance Jio Money for one-click payment service [Reliance Jio Money is a wallet application that will be launched soon for mobile devices where Federal Bank will enable a direct payment option for its customers] ?
    1. HDFC Bank
    2. RBI
    3. SBI
    4. Federal Bank
    5. None of These
  2. Reserve Bank of India (RBI) issued Clarifications on hedging for ECB in a bid to effectively address currency risk at the systemic level. Clarifications were issued by RBI under Foreign Exchange Management Act (FEMA) 1999. Expand ECB ?
    1. Extended Commercial Borrowings
    2. Eternal Commercial Borrowings
    3. External Consumer Borrowings
    4. External Commercial Borrowings
    5. None of These
  3. India signed Loan Agreement of US$ ____________ with World Bank, for Eastern Dedicated Freight Corridor-III (EDFC-III) Project of Dedicated Freight Corridor Corporation of India Ltd. (DFCCIL).
    1. 550 million
    2. 450 million
    3. 750 million
    4. 650 million
    5. None of These
  4. Cabinet Committee on Economic Affairs approved viability capital grant of Rs. 5,176 crores (40 percent of total cost of Rs. 12,940 crore) to ________ India Limited for development of 2539 km long Jagdishpur­Haidia and Bokaro­Dhamra Gas Pipeline (JHBDPL) project. JHBDPL project will connect Eastern part of the country with National Gas Grid ?
    1. GAIL
    2. SAIL
    3. BEL
    4. BHEL
    5. None of These
  5. Government announced that Non-Performing Assets (NPA) of commercial banks have increased by around ___________ between March 2015 to March 2016 (5.43 % in March 2015 to 9.32 % in March 2016). NPA amounts are related to 417 stalled infrastructure projects where public sector banks have invested is over 66478 crore rupees ?
    1. 3%
    2. 6%
    3. 5%
    4. 4%
    5. None of These
  6. Governmenrt along with NTPC, REC (Rural Electrification Corporation) and PFC (Power Finance Corporation), will launch a USD 2 billion clean energy equity fund to support government's target of adding 175 GW renewable energy generation capacity by ______________ ?
    1. 2020
    2. 2022
    3. 2025
    4. 2028
    5. None of These
  7. ___________ paid back Approx 2.5 Billion Loan to three banks - ICICI Bank, Axis Bank and StanChart. ?
    1. Adani Group
    2. Reliance
    3. Tata Sons
    4. Essar Group
    5. None of These
  8. ADB (Asian Development Bank) approved __________ Million Loan for India, for Building Longest River Bridge In India. It will be built on River Ganges to Improve Connectivity Between North and South Bihar and Better Link Between Patna, and Surrounding Areas. Bridge will be 9.8 km Long ?
    1. $500
    2. $550
    3. $400
    4. $200
    5. None of These
  9. Government allowed _______% foreign direct investment (FDI) in asset reconstruction companies (ARCs) under automatic route, up from 49%. ?
    1. 90
    2. 80
    3. 75
    4. 100
    5. None of These
  10. Which of the following states has obtained a telecom licence and issued phone numbers starting with the 797 series from August 2016 ?
    1. Kerala
    2. Karnataka
    3. Andhra Pradesh
    4. Mizoram
    5. None of These
  11. Economic Survey 2015 ­ 16 stated that GDP Growth at constant market prices will increase to ____________ in 2015 - 16 from 7.2% in 2014 - 15. Real GDP growth for 2015 - 16 is expected to be 7% to 7.75%. ­ Services Sector remained largest conributor with 66.1% particiation in GDP ?
    1. 7.9%
    2. 7.1%
    3. 7.6%
    4. 6.6%
    5. None of These
  12. BHEL commissioned a 250 MW unit at Bhavnagar Energy Company (BECL) 2x250 MW thermal power project in __________. It is based on eco-friendly Circulating Fluidised Bed Combustion (CFBC) technology, using low-quality coal (lignite) as primary fuel ?
    1. Maharashtra
    2. Manipur
    3. Goa
    4. Gujarat
    5. None of These
  13. Government launched program NIDHI (____________) for nurturing ideas and innovation into successful start up ?
    1. National Instutution for Developing and Harnessing Innovations
    2. National Initiative for Developing and Harnessing Innovations
    3. Native Initiative for Developing and Harnessing Innovations
    4. Native Instutution for Developing and Harnessing Innovations
    5. None of These
  14. Government approved to set up a ________ Crore Fund of Funds for Startups (FFS) under Small Industries Development Bank of India (SIDBI) for extending support to Startups, in line with Start up India Action Plan ?
    1. 50000
    2. 40000
    3. 30000
    4. 20000
    5. 10000
  15. Which bank has launched group credit life insurance scheme of LIC in Mangaluru ?
    1. Corporation Bank
    2. SBI
    3. ICICI
    4. Axis
    5. None of These
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