Banking and Economy Current Affairs Quiz - April 2015

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1. _____ tied‚­up with UAE Exchange to offer instant money transfer facility to its Non‚­resident Indian (NRI) customers to allow them to send money to India quickly ?

Bank of Baroda
Bank of India
Bank of Maharashtra
Central Bank of India
None of These


2. Confederation of Indian Industry (CII) signed a Memorandum of Understanding (MoU) with the EBRD (________) to deepen partnership between Indian companies and the bank in those countries where the bank has operations ?

European Bank for Reconstruction and Deployment
European Bank for Reconstruction and Development
European Bank for Restructuring and Development
European Bank for Restructuring and Deployment
None of These


3. ______ signed a Memorandum of Understanding (MoU) with Life Insurance Corporation (LIC) of India to provide insurance cover to all Aadhaar‚­linked savings account holders of the bank. ?

ICICI Bank
Yes Bank
Dena Bank
HDFC Bank
Axis Bank


4. Directorate General of Central Excise Intelligence (DGCEI) fined _____ with 570 crore rupees for excise duty ?

Nestle India Limited
Britannia India Limited
Cadbury India Limited
Tata Sons Limited
None of These


5. In the recently announced Foreign Trade Policy 2015‚­20, Government Introduced two new schemes, MEIS (____) for export of specified goods to specified markets and Services Exports from India Scheme (SEIS) for increasing exports of notified services.

Mutual Exports from India Scheme
Merchandise Exports from India Scheme
Merchandise Earnings from India Scheme
Merchandise Exports from India Status
None of These


6. Global Rating Agency Moody's forecasted Indian economy will grow at ____ percent in 2015 ?

5.7
7.5
6.5
8.5
None of These


7. Governmenrt approved Reserve Bank of India (RBI) for entering into an agreement with the Central Bank of _______ for extending $1.1 billion as a special Currency swap outside the Framework on Currency Swap Arrangement for SAARC Member Countries ?

Sri Lanka
Nepal
Bangladesh
Myammar
Pakistan


8. Credit Agency _____ revised India’s sovereign ratings outlook to positive (Baa3) from stable. Another ratings agency, Fitch, had reaffirmed its stable outlook on India. ?

Morgan Stanley
World Bank
Moody's
Credit Suisses
None of These


9. Government allowed Employees’ Provident Fund Organisation (EPFO) to invest _____ of its corpus in Exchange Traded Funds (ETFs) to bring around five thousand crore rupees into the stock markets during fiscal 2015‚­16 ?

15 %
50 %
20 %
5 %
10 %


10. Government approved spending of about one lakh crore on urban development under two new missions over next five years namely Smart Cities Mission and the AMRUT Mission (______) for 500 cities with outlays of Rs.48,000 crore and Rs.50,000 crores respectively ?

Atal Mission for Rejuvenation and Ultra Transportation
Atal Mission for Rejuvenation and Ultra Transformation
Atal Mission for Restructuring and Urban Transformation
Atal Mission for Rejuvenation and Urban Transportation
Atal Mission for Rejuvenation and Urban Transformation


11. Government decided to link interest rates of State PFs (General Provident Fund and other similar funds), Superannuation and Gratuity Funds for the FY 2015‚­16 to Public Provident Fund (PPF) rates and fix the rates _____ per annum. ?

8.5%
8.7%
8.9%
8.8%
8%


12. Government extended deadline for rolling out National Food Security Act (NFSA), 2013 by _____ to help remaining states adopt and implement the law as soon as possible ?

6 months
5 months
4 months
12 months
10 months


13. Government plans to push for _____ to meet its target to install 100 gigawatts (GW) of solar power and 60000MW of wind power by 2022 for which it needs 200 billion USD. ?

Yellow Bonds
Red Bonds
Green Bonds
Blue Bonds
None of These


14. Indian Railways reported ______ Increase in earnings in FY 2014‚­15 with Rs. 157880.50 crores as compared to Rs. 140761.27 crore in 2013‚­14 ?

15.16 %
18.16 %
8.16 %
12.16 %
20.16 %


15. Indirect Taxes collections for Financial Year (FY) 2014‚­15 have exceeded Revised Estimates target of FY 2014‚­15 by Approx Rs. ______ (The total collections as on 31‚­03‚­2015 is Rs.5,46,479 crore based as compared to Estimates of Rs. 5,42,325 crores ) ?

40000 Crores
400 Crores
40 Crores
4000 Crores
12000 Crores


16. ICICI Bank (_______) launched Tap‚­n‚­Pay, a near‚­field communications‚­enabled payment service in collaboration with Tech Mahindra.?

Industrial Commitment and Investment Corporation of India
Industrial Credit and Institutional Corporation of India
Industrial Credit and Investment Corporation of India
Institutional Credit and Investment Corporation of India
None of These


17. International Monetary Fund (IMF) released World Economic Outlook (WEO) April 2015 Report Update Uneven Growth: Short‚­term and Long‚­term Factors. It estimated India will grow at a rate of ____ in 2015-16 ?

6.5 %
7.5 %
5.5 %
8.5 %
6 %


18. Keeping in view the cane arrears mounting to Rs 21,000 crores, Cabinet Committee on Economic Affairs (CCEA) decided to raise import duty on sugar from 25 to _____ and remove excise duty on ethanol to help mills clear dues to farmers ?

35 %
40 %
30 %
50 %
60 %


19. Online Retailer ____ acquired Delhi‚­based mobile marketing automation company Appiterate to focus more on the mobile segment. ?

Snapdeal
Amazon
Google
Flipkart
None of These


20. Online marketplace _____ acquired RupeePower, a digital financial products distribution platform ?

Snapdeal
Flipkart
Amazon
Google
None of These

21. RBI (Reserve Bank of India) notified hike in FDI (Foreign Direct Investment) limit in Insurance Sector to _____ from the present 26 %. ?

49 %
30 %
35 %
40 %
45 %


22. Rajya Sabha passed Regional Rural Banks (Amendment) Bill that amended the RRB Act, 1976 and increased the authorized capital of RRBs to _____ rupees from 500 Crores Currently ?

1000 crore
2000 crore
2500 crore
1500 crore
None of These


23. Reserve Bank of India approved amalgamation of ING Vysya Bank with ____ with effect from 1 April 2015 ?

Axis Bank
HDFC Bank
ICICI Bank
Kotak Mahindra Bank
SBI


24. _____ signed a strategic partnership with consulting firm Pricewaterhouse Coopers to target Digital India Projects and large enterprise deals to push itself into large e‚­governance projects and improve the sales for its cloud services in India ?

Flipkart
Alibaba
Amazon
Yahoo
Google


25. Securities and Exchange Board of India (SEBI) raised transaction limit in exchange traded currency derivatives to ______ for both foreign and domestic investors from Earlier limit of 10 million USD ?

20 million USD
25 million USD
15 million USD
30 million USD
35 million USD


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