Quiz on Banking and Financial Awareness - Set 27

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1. On 21st June 2014, the Indian Government accepted the report of Arvind Mayaram Committee on rationalizing definitions of FDI and FII. As per this report, foreign investment of __________ or more in a listed company will now be treated as FDI ?
1. 6%
2. 10%
3. 18%
4. 92%
5. 78%
2. Recently, the Reserve Bank of India (RBI) has hiked the rupee limit for residents and non-residents for traveling abroad. The amount permissible was _________ in Indian currency notes while leaving the country ?
1. Rs. 85,000
2. Rs. 68,000
3. Rs. 25,000
4. Rs. 10,000
5. Rs. 35,000
3. According to the RBI guidelines, what fraction of the branches are mandatory to be opened in rural areas by newly licensed banks ?

1. 20
2. 25
3. 30
4. 35
5. 40
4.  An RBI Panel on 13th May 2014, has recommended that the government should reduce its holding on public sector banks to below 50%. This panel was headed by ?
1. Chakravarthi
2. Narasimham
3. P. J. Nayak
4. Raghuram Rajan
5. Nandan Nilekhani
5. International Comparison programme has been in the news recently, it is associated with which of the following organizations ?
1. IMF
2. World Bank
3. UNESCO
4. EU
5. RBI
6. Which of the following International organizations has approved $17 billion bailout for Ukraine ?
1. IMF
2. World Bank
3. WTO
4. RBI
5. SEBI
7. GIRO Advisory Group (GAG) has submitted its report on  the mechanisms and structure of a nation wide bill payment service to the Reserve Bank of India (RBI) recently. Who is the chairman of GAG ?
1. C. Rangarajan
2. Vijay Kelkar
3. Suresh Tendulkar
4. Umesh Bellur
5. Raghuram Rajan
8. Expand GIRO ?
1. Government Internal Revenue Order 
2. Government International Ratio Outcome
3. Government Input Revenue Output
4. Government Internet Revise Order
5. Government Intermediaries Ratio Outcome
9. Recently, New banking licenses are approved for which of the following ?
1. EXIM Bank and IDFC
2. IDFC and Bandhan Financial Services Pvt. Ltd
3. DHFL and IDFC
4. DHFL and Bandhan Financial Services Pvt. Ltd
5. None of these
10. IDFC Limited is India's leading integrated infrastructure finance player providing end to end infrastructure financing and project implementation services. Expand IDFC ?
1. Infrastructure Development Finance Company
2. International Development Finance Company
3. International Design of Fashion Company
4. Indigenous Development Funding Company
5. Infrastructure Development Funding Company
11. Who is the Currently Appointed Chairman and Managing Director (CMD) of Allahabad Bank ?
1. Rakesh Sethi
2. Tilak Raj Chawla
3. A. Udgata
4. Shashank Saxena
5. Shashikant Sharma
12. Bharatiya Mahila Bank (India's First All Women Bank) tied up with which Public Sector General Insurance Company for launching 3 Health Insurance Schemes for their women account  holders ?
1. Oriental Insurance Co.Ltd
2. Life Insurance Corporation of India
3. National Insurance Co. Ltd
4. New India Assurance Co. Ltd
5. United India Insurance Co. Ltd
13. Recently who has been appointed as the President of Administrative Tribunal of the Asian Development Bank (ADB) ?
1. Lakshmi Swaminathan
2. Roy Lewis
3. Gillian Triggs
4. Christine Griffiths
5. D. P. Agrawal
14. According to UNCTAD's World Investment Report 2014, which country has been ranked top in terms of most favored FDI destination ?
1. Nepal
2. Burma
3. China
4. Indonesia
5. India
15. The Reserve bank of India (RBI) on 3rd March 2014, extended the date for exchange of the pre-2005 banknotes to _____________. The RBI, in its latest release, had advised the banks to facilitate the exchange of these notes for full value and without causing any inconvenience to the public.
1. 30th September 2014
2. 1st January 2015
3. 16th December 2015
4. 1st January 2016
5. 8th November 2015
16. ;Which bank became the first state-run lender to allow withdrawal of funds from its ATMs without a debit card ?
1. State Bank of India
2. Bharatiya Mahila Bank
3. Bank of India
4. Andhra Bank
5. Dena Bank
17. The All India Coordinated Cotton Improvement Project (AICCIP) of Indian council of Agricultural Research (ICAR) is located at ?
1. Nagpur
2. Bangalore
3. Chennai
4. Coimbatore
5. Nellore
18. On 20th June 2014, Indian Railways increased the passenger fare by 14.2% in all classes and freight charges by how many percent ?
1. 6.4%
2. 6.5%
3. 6.7%
4. 6.8%
5. 6.9%
19. According to the World Bank report released on 29th April 2014, India has replaced which country to become third largest economy based on Purchasing Power Parity (PPP) ?
1. Russia
2. Singapore
3. Netherlands
4. Japan
5. Pakistan 
20. Who is the New Country Director of Asian Development Bank ?
1. M. Teresa Kho
2. Poornima Prasad
3. Narahari Rao
4. K. Balaji
5. Sirajuddin Qureshi

Read more Banking Awareness Model Practice Sets from below

• Set 1
• Set 2
• Set 3
• Set 4
• Set 5
• Set 6
• Set 7 
• Set 8
• Set 9 
• Set 10
• Set 11
• Set 12
• Set 13 
• Set 14 
• Set 15 
• Set 16 
• Set 17
• Set 18 
• Set 19
• Set 20
• Set 21
• Set 22
• Set 23 
• Set 24 
• Set 25 
• Set 26

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