Banking and Economy Current Affairs Quiz - April 2016

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1. ‚ Government allowed States to impose stock limits to check price rise in _______________, keeping in view recent upward trend in its prices ?

Sugar
Oil
Coal
Vinegar
None of These


2. Airline __________ signed agreement with Tata Consultancy Services (TCS) for a broad range of information technology (IT) services ?

Air INDIA
Air Asia
Vistara
Spicejet
Indigo


3. As per ASSOCHAM-SREI report -‚ PPP Investment in Indian Infrastructure: Need for growth and development, ________ acquired top position with highest share (15%) in Public-Private Partnership (PPP) projects across India, followed by Maharashtra (11%), Haryana (8.5%), Gujarat (6%) and Madhya Pradesh (4.5%) ?

Pujnjab
Mizoram
Goa
Uttar Pradesh
None of These


4. Asian Development Bank (ADB) has forecast growth rate at __________ in 2016-17 as against 7.6% during 2015-16 ?

5.4 %
7.8 %
7.0 %
6.4 %
7.4 %


5. Based on data by International Trade Centre, India's share in international food trade in 2014 is estimated at _________ ?

1.5 %
3.5 %
2.5 %
4.5 %
5.5 %


6. ____________ announced the acquisition of 20 MHz spectrum in eight circles from Aircel for Rs 3,500 crore ?

Bharti Airtel
Vodafone
BSNL
Idea
None of These


7. Cabinet Committee on Economic Affairs (CCEA) cleared conversion of Working Capital Term Loan (WCTL) of __________'s 29.91 crore rupees loan to Andrew Yule & Co. Ltd. (AYCL) into equity shares ?

Punjab National Bank
Bank of Baroda
State Bank of India
National Housing Bank
None 0f These


8. ____________India inaugurated its $190 million factory in Sri City SEZ, on the border of Tamil Nadu and Andhra Pradesh. It companys largest plant in Asia Pacific ?

Cadbury
Honda
Hyundai
Nestle
None of These


9. _____________ launched mobile app Indian Customs- Guide to Travellers, to inform international travelers about Customs Baggage rules, who may be traders/exporters/importers ?

Central Board of Excise and Customs
Central Board of Direct Taxes
Central Board of Secondary Education
Central Board of Film Certification
None of These


10. _____________ launched a new service Twitter Seva to address issues and grievances of startups, exporters and importers, and other stakeholders. ?

Ministry of Road, Transport and Highways
Ministry of Railways
Ministry of Finance
Ministry of Commerce and Industry
None of These


11. _______ became First bank to launch an Aadhaar-based Automatic Teller Machine (ATM) facility where a customer can transact using his biometric details instead of the PIN ?

HDFC
AXIS
ICICI
DCB Bank
None of These


12. Department of Disinvestment is renamed as Department of Investment and Public Asset Management or '_____________. It has been mandated to‚ advise government in the matters of financial restructuring of central public sector enterprises ?

Dwipam
Dipam
Drashyam
Sarvekshan
None of These


13. E-commerce Firm ____ acquired Bengaluru-based mobile payments company‚ PhonePe‚ , for an undisclosed sum. ?

Google
Amazon
PayTm
Snapdeal
Flipkart


14. ________ tied up with Chillar Payment Solutions to promote Its‚ 'Campus Wallet', a student Identity Card integrated with banking technology ?

Federal Bank
ICICI Bank
HDFC Bank
SBI
None of These


15. ______ acquired online home furnishings and d‚©cor business company FabFurnish ?

PayTm
Amazon
Snapdeal
Future Group
None of These


16. __________ Governments Development Bank KfW will provide loan of EUR 500 million (about Rs.3,750 cr) for Nagpur city Metro Rail System ?

Spanish
French
German
Polish
None of These


17. Global data services company‚ _________ launched its‚ Hunter Fraud Score‚ in India as a new scoring mechanism. It will help measureing probability of fraud in a credit application across banking and insurance industries ?

Adobe
Experian‚ 
Google
Microsoft
None of These


18. _________ named as Most Attractive Employer in 6th Randstad Awards 2016 for 2nd consecutive year. Mercedes-Benz India was the runner-up. Sectorwise - Dell India (IT), Samsung India (Consumer Electronics) and Amazon India (E-Commerce). ?

Microsoft
Google India
INFOSYS
TCS
None of These


19. Government approved __________ to invest Rs. 3,000 in Bharat Oman Refineries Limited (BORL). ?

BEL
SAIL
GAIL
Bharat Petroleum Corporation Limited
None of These


20. Government disinvested its 11.36% shares in __________ to raise about Rs. 2,700 crores ?

National Hydroelectric Power Corporation
NTPC
GAIL
SAIL
None of These

 

21. Government extended safeguard duty on import of some ________ products till March 2018. Safeguard duty will be reduced to 10% in stages till 2018 from current 20% ?

Steel
Iron
Copper
Aluminnium
None of These


22. Government has released Rs. 25,834 crore to FCI (______) as Food Subsidy. ?

Fertilizer Corporation of India
Food Corporation of India
Jute Corporation of India
Fuel Corporation of India
None of These


23. Government has set minimum wage for contract workers to Rs. _________ per month ?

40,000
30,000
20,000
10,000
None of These


24. Government issued a new set of income tax return (ITR) forms that require people with an income of Rs _____________ and above per annum to disclose their assets ?

75 Lakh
25 Lakh
10 Lakh
20 Lakh
50 lakh


25. Government launched 2 schemes - National Energy Efficient Agriculture Pumps Programme and National Energy Efficient Fan Programme in Vijayawada (_______), to make country more energy efficient. These will be implemented by Energy Efficiency Services Limited ?

Uttar Pradesh
Telangana
Andhra Pradesh
Rajasthan
None of These


26. Government launched‚ DEEP‚ (___________) web portal as an e-Bidding & e-Reverse Auction portal for acquisition of short-term power by Distribution Companies (DISCOMs) ?

Discovery of Efficient Electricity Price
Discovery of Effective Electricity Price
Discovery of Efficient Ecology Pattern
Discovery of Efficient Economical Price
None of These


27. Government will to make it mandatory to set aside __________ of total cost of any highway project for road safety ?

5 %
1 %
10 %
20 %
None of These


28. Hero MotoCorp will set up a factory in _______ with investment of 3000 crores and 1.8 million units annual capacity ?

Maharashtra
Gujarat
Andhra Pradesh
Uttar Pradesh
None of These


29. India banned import of milk and milk products, certain mobile phones and a few other items from ________ after finding them sub-standard or not following security codes ?

Sri Lanka
Myanmar
Nepal
Pakistan
China


30. India signed memorandum of understanding with Islamic Development Bank (IDB) for _________ million line of credit to simplify exports to IDBs member countries ?

$300
$200
$100
$400
None of These


31. Indian Private Sector's __________ signed a strategic partnership with Phillip Capital (India) for managing NRI Portfolio Investment Scheme (PIS). ?

ICICI Bank
Axis Bank
HDFC
Federal Bank
None of These


32. Indian tyre manufactures _________ acquied tyre, tube and flap maker Cavendish Industries for Rs 2200 crores. ?

Ceat Tyres
JK Tyres
MRF Tyres
Michelin Tyres
None of These


33. Ministry of consumer affairs, food and public distribution announced that food grains under Mid-Day Meal (MDM) scheme will now be supplied to states at further subsidized rates as prescribed under National Food Security Act, instead of prescribed BPL rates. Now, food grains will be supplied at NFSA rate of Rs 3 per kilo for rice and Rs 2 per kilo for wheat. Approx ___________ crore children across country get hot cooked meals in 11.56 lakh elementary schools across country. ?

10
20
30
40
None of These


34. National Bank for Agriculture and Rural Development (NABARD) sanctioned loan of Rs 1,000 crore to _______ State Warehousing Corporation for purchase of wheat during ongoing rabi marketing season ?

Meghalaya
Mizoram
Uttar Pradesh
Gujarat
Haryana


35. National Payments Corporation of India (NPCI) launched‚ UPI (____________), to revolutionise mobile payment system in country. 29 banks have agreed to join the platform ?

Universal Payments Interface
Unified Payments Interface
Unified Payments Integration
Universal Payments Integration
None of These


36. National Stock Exchange (NSE) launched a new index Nifty - MidSmallcap _____________. It will represent mid and small market capitalization segments and will comprise of companies of Nifty Midcap 150 and Nifty Smallcap 250 indices. ?

400
500
600
700
None of These


37. ________ became 189th member of the International Monetary Fund (IMF) and World Bank. Its initial subscription quota for IMF will be of SDR (Special Drawing rights) 2 million or about $2.81 million. It will be the second smallest member of IMF after Tuvalu. ?

Niger
Chad
Gabon
Vetican City
Nauru


38. PM Narendra Modi launched Stand Up India Scheme to promote entrepreneurship among Scheduled Caste/Scheduled Tribes and Women entrepreneurs. It will facilitate minimum _____ projects per bank branch and expected to benefit at least 2.5 lakh borrowers within 3 years ?

2
1
3
4
None of These


39. PM Narendra Modi launched online national agricultural products market platform to integrate wholesale markets across India, named as e-NAM (_____)?

Neutral Agricultural Market
National Agricultural Market
New Agricultural Market
National Aero Market
None of These


40. __________ became first private sector bank in India to open dedicated branch for startups. The branch was inaugurated at Koramangala, Bengaluru by noted entrepreneur Nandan Nilekani ?

HDFC Bank
SBI
Axis Bank
ICICI Bank
RBL Bank


41. Railway Minister announceD 2 passenger friendly services - Cancellation of PRS counter tickets through IRCTC website and Dialling Number _____ and Acceptance of International Debit and Credit Cards for payment for e-ticketing. ?

149
139
159
169
None of These


42. Reserve Bank of India gave final approved to payments bank venture - AMCS (____________). With this, AMCS became first entity to receive final approval from the RBI to start a payments bank. Kotak Mahindra Bank has upto 19.9 % stake in this entity ?

Axis M Commerce Services Ltd
Airtel M Commerce Services Ltd
Adobe M Commerce Services Ltd
Airtel Mutual Commerce Services Ltd
None of These


43. Reserve Bank of Indias first bi-monthly policy review - Repo rate reduced by 25 basis points to _________. Reverse repo rate increased to 6 %. GDP growth is projected to improve to 7.6 % in 2016-17. Marginal standing facility (MSF) rate reduced to 7%. ?

6.5 %
7.5 %
8.5 %
6 %
None of These


44. _________'s largest bank, DBS unveiled‚ mobile only bank‚ in India -‚ digibank. It uses technologies such as bio metrics and artificial intelligence to enable paperless and branch less banking. ?

USA
UK
New Zealand
Australia
Singapore


45. _________ and Saarc Development Fund (SDF) has signed a Memorandum of Understanding (MOU) for mutual cooperation and collaboration. ?

IRDAI
Small Industries Development Bank of India
RBI
NABARD
None of These


46. Tax collections for FY 2015-16 stood at Rs. ________, as compared to Estimates of Rs 14.55 Lakh Crores. Indirect Tax revenue collections are Rs. 7.11 Lakh Crores and Direct Tax revenues stand at 7.48 Lakh crores. ?

14.60 Lakh Crore
13.60 Lakh Crore
12.60 Lakh Crore
15.60 Lakh Crore
None of These


47. Tslc Limited launched its mobile-only lending platform‚ ________, providing users a personalized experience to borrow cash within minutes ?

Cashpe
Cashing
Cashpay
e-Cash
CASHe


48__________ Cement bought Jaypee Group's Cement Trade for Rs 15,900 crores ?

UltraTech
JK
Reliance
Tata
None of These


49.Viewing huge dip in freight traffic volume resulting in massive financial losses to the Indian Railways, Government decided to withdraw Port Congestion Surcharge in order to attract imported freight traffic including Containers, Coal, Iron ore etc which are being diverted to road. Port congestion surcharge levy is ______ of basic freight rate. ?

20 %
10 %
30 %
40 %
None of These


50. _____ moved to International Court of Justice (ICJ) seeking appointment of a third arbitrator in its Rs 20,000-crore tax dispute with India. ?

Boeing
Idea
Uninor
Airtel
Vodafone


51. e-Commerce Firm ______has partnered with 9 non governmental organisations (NGOs) to launch Sunshine, a platform where users can make donations to causes under education, health, sports, women empowerment, disaster relief and old age care ?

Snapdeal
Flipkart
Amazon
PayTm
None of These


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