Home > Current Affairs > Banking and Economy Current Affairs Quiz - August 2014
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 _____ ?
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 ?
3. Government Approved FDI Limit Hike in Railways to _____ ?
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 ____ ?
5. What is the Minimum worth for setting up of Small & Payment Banks ?
6. Government gave Navratna Status to which Government PSU ?
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) ?
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 ?
9. What is the reduced maxmum number of Free Transactions from ATMs (Automated Teller Machines) of Other Bank (From Five) ?
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 ____ ?
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 ____ ?
12. RBI to issue new notes of ______ with Inset Letter E ?
13. SEBI cleared launch of Real Estate and Infrastructure Investment Trusts (REITs & InvIT) ?
14. Which Airlines will launch Services in October 2014 under Brand Name Vistara ?
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