General/Economy/Banking Awareness Expected Questions for SBI & IBPS PO Exams 2016

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1. Which bank launched a social media banking platform 'Mingle' for Facebook and Twitter users, to help the customers with a host of banking services on their social media accounts, at their own convenience on 1st July 2016?
1. Kotak Mahindra Bank
2. Bharatiya Mahila Bank
3. SBI
4. Indian Overseas Bank
5. Bank of India
2. In order to fund start-ups in the financial technology (fintech) space, which bank has set up R5.200 crore fund on 16 June 2016?

1. Union Bank of India
2. United Bank of India
3. Indian Overseas bank
4. SBI
5. Yes Bank 
3. SBI tied-up which e-commerce firm to offer pre-approved EMI facility to do shopping online?
1. Twitter
2. Amazon
3. Hike
4. Flipkart
5. Alibaba 
4. GE Capital, the financial services unit of the conglomerate General Electric (GE) decided to leave its partnership with SBI in the SBI CARD business. Where is the headquarter of GE Capital?
1. Finland
2. USA
3. Russia
4. Australia
5. Taiwan 
5. Which Indian bank secured $ 625 million (around Rs.4,200 crore) from World Bank to provide loans to support grid connected rooftop solar programme in the country on 2 July 2016?
1. Corporation Bank
2. Indian Bank
3. SBI
4. HDFC
5. OBC
6. SBI formation day is ___________________ 
1. 1 June
2. 1 Aug 
3. 1 Jan
4. 1 July
5. 1 Sep 
7. World Bank promised to provide how much fund for technical education quality improve-ment project in India?
1. $ 500 million
2. $ 305.50 million
3. $ 201.50 million
4. $ 1000.05 million
5. $ 1 billion 
8. World Bank promised to provide how much fund to India to improve efficiency and attractiveness of City Bus Services in the selected cities on 31 May 2016?
1. $ 20.2 million
2. $ 100.2 million
3. $ 9.2 million
4. $ 17.2 million
5. $ 300.2 million 
9. Government of India and World Bank signed $ 1.5 billion agreement to support India's universal sanitation initiative. Who is the World Bank county director in India?
1. H.R. Khan
2. Onno Ruhl
3. Kaushik Basu
4. Sdnivasa Sunder
5. Laxmi Swaminathan 
10. India and World Bank signed the agree-ment to diversify and enhance household Income in ________________
1. AP
2. Rajasthan
3. Himachal Pradesh
4. Bihar
5. Arunachal Pradesh 
11. To improve the performance of electricity distribution sector reforms under the State's '24 x 7 Power for All program, which state barrowed $ 250 million from World Bank?
1. Bihar
2. HP
3. Kerala
4. West Bengal
5. Rajasthan 
12. RBI appointed whom as head of its newly created IT arm that is tasked to look at its cyber security issues on 3 June 2016 ?
1. Nachiket Mor
2. A.K. Mathur
3. Nandkumar Sarvade
4. Rakesh Mohan
5. Tarapore
13. India ranked which position in the World Bank Group's Logistics Performance Index 2016 published on 1 July 2016? 
1. 1st
2. 28th
3. 44th
4. 35th
5. 55th 
14. Which nation topped the Logistics Performance Index 2016 released by the World Group ?
1. England
2. Finland
3. Germany
4. Luxembourg
5. Switzerland
15. Newly appointed Deputy Governor of RBI ________________
1. Usha Ananthasubramaniam
2. M.V. Tanksale
3. Arvind Subramanian
4. N.S. Vishwanathan
5. Arvind Pangariya 
16. On 6 July 2016, union government approved the interest subvention of   for all farmers for short term crop loans up to Rs.3 lakh for FY 2016-17 provided they repay in lime.
1. 4%
2. 1.5%
3. 4%
4. 6%
5. 5 % 
17. As per the interest subvention scheme, an interest subsidy of ____________  has also been cleared for loans up to 6 months for small and marginal farmers who would have to borrow at 9% for the post harvest storage of their produce.
1. 2%
2. 2.5%
3. 3%
4. 4.5%
5. 5% 
18. For the farmers effected by Natural Calamities, the interest subvention of ____________    will be provided to Banks for the first year on the restructured amount as per the new interest subvention scheme.
1. 2%
2. 3.8%
3. 9%
4. 7%
5. 0.5% 
19. Union Government set an agricultural cred-it target for banks at  ____________  for the financial year 2016-17.
1. Rs.9 lakh crore
2. Rs.9.5 lakh crore
3. Rs.7.5 lakh crore
4. Rs. 11 lakh crore
5. Rs. 3.5 lakh crore 
20. For the interest subvention scheme for farmers in 2016-17, the Central Government allocated how much fund?
1. Rs.18,276 crores
2. Rs.15,276 acres
3. Rs.1 827 crores
4. Rs.15,000 mores
5. Rs.75,000 acres 

Shared by Shravan Varma Gadhiraju 

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