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Banking and Economy Current Affairs Quiz - August 2014

Home > Current Affairs > Banking and Economy Current Affairs Quiz - August 2014

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1. RBI has proposed setting up a GIRO based on Umesh Bellur Committee Suggestions to implement a flexible Anytime, Anywhere Bill Payments System Across Country, GIRO stands for _____ ?

Government Internal Revenue Order
Group Interval Revenue Organization
Global Internal Revenue Order
None of these


2. Finance ministry has decided to limit Aadhaar's role in its welfare scheme payments and, instead, use which cards for authentication to withdraw money ?

Voter Cards
Rupay Cards
Smart Cards
None of these


3. Government Approved FDI Limit Hike in Railways to _____ ?

100%
80%
70%
None of these


4. Government Started BII, an initiative to promote ideas and innovation. and announced revival of CAPART (Council for Advancement of People's Action and Rural Technology), which works with NGOs for rural development, BII stands for ____ ?

Bank of Ideas and Innovations
Building India Inc
Bank of Innovation India
None of these


5. What is the Minimum worth for setting up of Small & Payment Banks ?

500 crores
300 crores
100 Crores
None Of These


6. Government gave Navratna Status to which Government PSU ?

Steel Authority of India
Container Corporation of India
Bharat Heavy Electricals
None of these


7. Which Bank has been recently named as India's most valuable brand (USD 9.4 Billion) in the first ever BrandZ Top 50 Most Valuable Indian Brand ranking with Bharti Airtel at second position (USD 8.2 Billion) in the ranking while State Bank of India ranked third ($ 6.8 bn) ?

HDFC Bank
Axis Bank
ICICI Bank
None of these


8. Which Bank announced launching of First In Country EMI (Equated Monthly Instalments) facility on debit cards to enable its customers to convert their high value transactions into easy instalments ?

Axis Bank
ICICI Bank
HDFC Bank
None of these


9. What is the reduced maxmum number of Free Transactions from ATMs (Automated Teller Machines) of Other Bank (From Five) ?

04
02
03
None of these


10. RBI has further Tightened the Norms for ARCs and stated that they will have to pay upfront 15 per cent of the bid value of non-performing loans, against five per cent earlier, ARC stands for ____ ?

Associated Road Carriers
Asset Reconstruction Companies
Administrative Reform Commission
None of these


11. RBI issued draft Guidelines for setting up of a TReDS for Financing to MSMEs and help them convert Trade Receivable into Liquid Funds. TReDS stands for ____ ?

Trade Reachable Accounting System
Trade Received Ammount System
Trade Receivables Accounting System
None of these


12. RBI to issue new notes of ______ with Inset Letter E ?

Rs. 10/-
Rs. 20/-
Rs.100/-
None of these


13. SEBI cleared launch of Real Estate and Infrastructure Investment Trusts (REITs & InvIT) ?

Service and Exchange Board of India
Symbols and Elements Brand of India
Securities and Exchange Board of India
None of these


14. Which Airlines will launch Services in October 2014 under Brand Name Vistara ?

Tata-SIA Airlines Limited
AIR India
Kingfisher Airlines
None of these

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