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Banking and Economy Current Affairs Quiz - December 2017

Home > Current Affairs > Banking and Economy Current Affairs Quiz - December 2017

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1. Asian Development Bank (ADB) approved loan of USD 346 million to fund highway upgradation project in ____________, to improve 419 km of state highways by upgrading it to two and four-lane highways ?

Karnataka
Kerala
Telangana
Goa
None of These


2. Asian Development Bank approved ____________ million for developing Reliance Bangladesh Liquefied Natural Gas (LNG) and Power Project, including loans and partial risk guarantees for power project being set up for $1 billion ?

$383
$483
$583
$683
None of These


3. ____________ started adoption of digital branch services through its offering Mosambee, to add depth to its service offerings. ?

Birla Sunlife
HDFC Life
LIC
Bajaj Allianz Life Insurance Company
None of These


4. Bombay Stock Exchange’s subsidiary, India International Exchange (India INX) received approval from Securities and Exchange Board of India (SEBI) on framework for listing of debt securities. Indian and foreign issuers will now be able to issue Eurobonds, masala bonds and foreign currency bonds from India INX located at International Financial Service Centre (IFSC) at GIFT city in __________ ?

Maharashtra
Goa
Uttarakhand
Rajasthan
Gujarat


5. _____________________ has launched a video service that seeks to improve customer engagement, enabling customers to directly engage with the company for various service requests. ?

LIC
Bajaj Allianz Life Insurane Company
Canara HSBC Oriental Bank of Commerce Life Insurance Co Ltd
HDFC Life
None of These


6. _____________ became India’s sixth most valued firm, crossing SBI with market capitalisation of INR 2.74 trillion, marginally ahead of SBI’s 2.71 trillion. Reliance Industries is most valued company with market value of 5.8 trillion, followed by TCS, HDFC Bank, ITC and Hindustan Unilever.

Maruti Suzuki
Volkswagen
Adani Group
TATA Steel
None of These


7. Central Government has removed income limit for incentive under ‘Dr Ambedkar scheme for social Integration through inter caste marriage’.

  1. Scheme was launched in 2013 to provide monetary incentive to at least 500 inter-caste couples (where either the bride or the bridegroom is a Dalit) per year.
  2. Previously, couples whose total annual income does not exceed Rs 5 lakh were eligible to get a one-time incentive of Rs __________ from Government, to help them settle down in initial phase of their married life.
  3. Ministry of Social Justice and Empowerment has now removed max Income limit and now all Dalit couples are eligible for incentive under this scheme.
1.5 lakh
2.5 lakh
3.5 lakh
4.5 lakh
None of These


8. Finance Ministry extended deadline for linking Aadhaar number with PAN card till _____________. ?

31-03-2018
31-01-2018
28-02-2018
30-04-2018
None of These


9. Government tasked _________ with enabling online payments at 470 mandis integrated with national portal of electronic National Agriculture Market (e-NAM).

  1. e-NAM was launched in April 2016 to revolutionise agri markets by bringing in better price discovery and transparency to enable farmers to get better remuneration for their produce.
  2. Bank will enable Unified Payments Interface (UPI) and BHIM (Bharat Interface for Money) on the e-NAM portal for making cashless payments.
ICICI Bank
Axis Bank
HDFC Bank
SBI
None of These


10. Govt Owned _________ launched its RuPay Select and RuPay Platinum credit cards, offering Personal accident insurance of INR 10 lakh and 2 lakh on RuPay Select Credit Card and RuPay Platinum Credit Card respectively ?

SBI
PNB
BOB
Corporation Bank
None of These


11. __________ became first bank to enable customers to open a Public Provident Fund (PPF) account online, eliminating the need for furnishing paper documents ?

Kotak Mahindra Bank
HDFC Bank
Axis Bank
ICICI Bank
None of These


12. India Index Services and Products Ltd (IISL) launched the Nifty LargeMidcap __________ Index. It will track the performance of 100 large-cap and 150 mid-cap companies listed on National Stock Exchange (NSE). Base date for index is April 1, 2005 and base value is 1000 ?

150
250
500
450
None of These


13. Indian GDP Growth Projections -

  1. International Rating Agency Fitch lowererd 2017-18 growth projection to 6.7%, from 6.9%.
  2. Morgan Stanley predicts Indian economy to witness cyclical growth recovery, with real GDP growth likely to accelerate from 6.4% to 7.5% in 2018 & to 7.7% in 2019.
  3. Global investment bank Nomura predicted India’s economy to register a _________ growth rate in 2018.
7.0 %
8.5 %
6.5 %
5.5 %
7.5 %


14. ____________ rolled out FASTag to enable electronic toll fee collection on highways across the country, in line with the government's move to make FASTag mandatory on every new vehicle sold from December 1. It is reusable tag based on radio-frequency identification technology (RFID) that can be placed on a vehicle's windscreen. It also launched 3000 customer interaction points to act as ATMs.

Paytm Payments Bank
Airtel Payments Bank
Fino Payments Bank
India Post Payments Bank
None of These


15. Public Procurement Portal ‘___________’ has been launched by Giriraj Singh (Minister of State (IC) for MSMEs), aimed at monitoring implementation of Public Procurement from MSEs by Central Public Sector Entesrprises ?

MSME Sammelan
MSME Samagam
MSME Samadhan
MSME Sambandh
None of These


16. RBI's 5th Bi-Monthly Policy Review for FY 2017-18 -

  1. RBI Kept Key policy rates Unchanged. However, It increased SLR (Statutory Liquidity Ratio) by 50 Basis points, to 20 % (From ______________).
  2. Current Monetray Policy Rates -
    1. Repo Rate - 6.00 %
    2. Reverse Repo - 5.75 %
    3. Bank Rate - 6.25 %
    4. Marginal Standing Facility (MSF) Rate - 6.25 %
    5. CRR (Cash Reserve Ratio) - 4 %
    6. SLR(Statutory Liquidity ratio) - 19.5 % 
  3. Monetary Policy Committee (MPC) of Reserve Bank of India -
    1. It has 6 Members - RBI Governor Urijit Patel (Chairperson), Viral A Acharya, Michael Patra, Chetan Ghate, Pami Dua, Ravindra H. Dholakia.
  4. RBI also allowed overseas branches of Indian banks to refinance external commercial borrowings (ECB) of AAA-rated private and public sector companies.
    1. Currently, Indian banks are allowed to fund dollar loans but are not allowed to refinance these borrowings abroad.
    2. Due to this, companies sought refinance only through foreign lenders. Now, Indian banks can also participate in refinancing and can earn a higher return on their funds abroad.
    3. This will also benefit the borrowers as improved liquidity in refinance market will reduce cost of borrowing ?
18.50
19.00
19.50
19.75
None of These


17. Reserve Bank of India (RBI) rationalised MDR (_____________) to increase the number of non-cash transactions.

  1. Fee charged to a merchant by a bank for providing debit and credit card payment services is referred to as MDR.
  2. MDR has been rationalised on basis of merchant turnover rather than existing slab rates based on the transaction value.
Mutual discount rate
Merchant discount rate
Merged discount rate
Merchant discount rare
None of These


18. Indian GDP Growth Projections -

  1. International Rating Agency Fitch lowererd 2017-18 growth projection to 6.7%, from 6.9%.
  2. Morgan Stanley predicts Indian economy to witness cyclical growth recovery, with real GDP growth likely to accelerate from 6.4% to 7.5% in 2018 & to 7.7% in 2019.
  3. Global investment bank Nomura predicted India’s economy to register a 7.5 % growth rate in 2018.
  4. As per World Economic Situation and Prospects 2018 report by United Nations Department of Economic and Social Affairs (UN DESA)UN, Indian economy will grow by 7.2 % in 2017-18 and will go up to ___________ in 2019.
7.1 %
7.4 %
7.6 %
7.9 %
None of These


19. Asian Infrastructure Investment Bank (AIIB) approved USD __________ loan for an Bangalore Metro Rail Project – Reach 6 (R6). ?

435 million
135 million
235 million
335 million
None of These


20. ______________ Payments Bank signed agreement with Rajasthan government’s RajCOMP as its corporate business correspondent and will offer banking services to people across state. Now, 55000 e-Mitra points of RajCOMP across Rajasthan will act as banking points of _______ Payments Bank. ?

Fino
Paytm
Airtel
India Post
None of These


21. India Signed World Bank loan agreement of USD __________ for Skills Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP) Project. ?

250 million
150 million
50 million
350 million
None of These


22. Reserve Bank of India (RBI) imposed INR _________ penalty on IndusInd Bank for violation of Income Recognition and Asset Classification (IRAC) norms.?

1 crore
3 crore
2 crore
4 crore
None of These


23. Reserve Bank of India increased limits for investment by _________________ (FPIs) for the January-March 2018 quarter by Rs 6,400 crore in Central Government Securities (G-Secs) and Rs 5,800 crore in State development loans (SDLs).

  1. From January 1, 2018, revised investment limit for FPIs in G-Secs will be Rs 2,56,400 crore against existing limit of Rs 2,50,000 crore.
  2. RBI also granted license for operating a Prepaid Payment Instrument (PPI) to Global mobile payments company OBOPAY.
Few purified investors
Few portfolio investors
Foreign purified investors
Foreign portfolio investors
None of These


24. _____________collaborated with advisory services firm Pantomath Advisory to develop a Micro Small and Medium Enterprises (MSME) ecosystem focused on Maharashtra and Gujarat.

  1. Bank also partnered with Online investment platform FundsIndia.com to enable Unified Payments Interface (UPI) based mutual fund payments.
Kotak Mahindra Bank
HDFC Bank
Axis Bank
ICICI Bank
Yes Bank


25. ______________ Bank launched Sahafat Finance Scheme as a special financial scheme for journalists of state, to avail financing between 50000 - 3 Lakh for buying cameras, laptops, tablets and books.

ICICI
Axis
J & K
RBL
None of These


26. RBI imposed certain restrictions on Corporation Bank, on carrying out banking activities as its share of bad loans rose sharply (over 10%), under prompt corrective action (PCA) n0rms. It makes Corporation Bank ___________ bank to face PCA actions within 10 months ?

8th
18th
12th
10th
None of These


27. Cab aggregator Ola signed agreement with Bajaj Allianz to offer a insurance programme for its driver partners, named __________. Under this, Ola’s driver partners can avail an insurance cover of up to Rs 5 lakh.

Jiyo Befikar
Chalo Befikar
Raho Befikar
Badho Befikar
None of These


28. Information and Broadcasting Ministry approved Merger of Direct-to-home (DTH) operators Dish TV India (owned by Zee Group) and _____________. Merged entity will will serve combined subscriber base of 29 million users. ?

Airtel d2h
Tata Sky
Videocon d2h
Sun Direct
None of These


29. Reserve Bank of India (RBI) imposed penalty of INR 5 crore on ____________ for non-compliance with its directions on Know Your Customer (KYC) norms, Cheque Purchase or Discounting and Bill Discounting. ?

SBI
Bank of Baroda
PNB
Canara Bank
Syndicate Bank


30. GST Council in its 24th Meeting decided to implement e-way bill mechanism throughout country by _________1st , 2018 after reviewing readiness of IT network. It aims at mitigating problems caused by waybill compliance ?

April
May
June
March
None of These


31. ______________ signed MoU with Sahaj e-Village for providing its banking service in remote areas of India.

  1. Sahaj e-Village Limited is an entity of SREI Infrastructure Finance Limited (SIFL) and works for bridging digital divide between urban and rural India under flagship of National e-Governance Plan (NeGP) of Central Government.
Airtel Payments Bank
Ujjivan Small Finance Bank
Paytm Payments Bank
AU Small Finance Bank
None of These


32. Cab Aggregator Ola acquired food delivery firm Foodpanda's India business from its German parent Delivery Hero AG in an all-stock deal. Ols will further Infuse ________ in Foodpanda’s India operations.

$100 million
$200 million
$300 million
$400 million
None of These


33. India's __________ and European Investment Bank (EIB) released announced co-finance programme of $400-million for renewable power generation in India (50 - 50 %).

YES Bank
HDFC Bank
ICICI Bank
Kotak Mahindra Bank
None of These


34. Competition Commission of India (CCI) approved merger of __________ and Bharat Financial Inclusion. It now awaits approval from RBI, Stock exchanges, SEBI, and National Company Law Tribunal.

HDFC Bank
Axis Bank
Kotak Mahindra Bank
ICICI Bank
IndusInd Bank


35. Government has so far infused capital of Rs. ____________ crore in public sector banks (PSBs) under Indradhanush Plan, amid liquidity issues being faced by Banks due to rise in Bad Loans. Government has also sanctioned 42 Mega Food Parks (MFPs) to be set up across India under Mega Food Park Scheme.

41858
51858
31858
71858
None of These


36. India signed Financing Agreement with world bank for USD __________ for Skills Strengthening for Industrial Value Enhancement Operation (STRIVE) Project.

  1. World Bank also approved USD 825 million loan for Pakistan, for upgrading its energy and public finance sectors.
125 million
25 million
225 million
325 million
None of These


37. Securities and Exchange Board of India (SEBI) raised investment limit for FPI (___________) in central government securities to over 1.91 lakh crore from January 2018.

  1. Current investment limit for FPIs is 1.89 lakh crore rupees. It aims to push inflow from overseas investors in Indian capital markets.
Firm portfolio investors
Foregoing portfolio investors
Few portfolio investors
Foreign portfolio interest
Foreign portfolio investors


38. HDFC has sold its realty brokerage business ‘HDFC Realty’ and its digital real estate business ‘HDFC Red’ to online advertisements platform ________________, for approx 350 crores.

Quikr
Olx
Paytm
Flipkart
None of These


39. India signed an agreement with _______________ that would allow automatic sharing of tax-related information from January 1, 2018. It is aimed at combating black money stashed abroad.

Sweden
Switzerland
Norway
Russia
None of These


40. Indian IT Firm ___________ has been awarded a USD 2.25-billion outsourcing contract from UK-based Nielsen Holdings PLC

Microsoft
IBM
Wipro
HCL
Tata Consultancy Services


41. International Monetary Fund (IMF) and World Bank (WB) released Financial System Stability Assessment (FSSA) and Financial Sector Assessment (FSA) respectively. Second comprehensive FSAP (__________________) for India too has been conducted during 2017.

  1. FSAP is a joint program undertaken by International Monetary Fund (IMF) and the World Bank (WB) to comprehensively assess and conduct in-depth analysis of a country’s financial sector. FSAP has been conducted since September 2010 in 29 countries (including India) at interval of every five years.
Financial Sector Achievement Program
Financial Sector Assessment Program
Financial Services Assessment Program
Financial Services Achievement Program
None of These


42. National Highways Authority of India (NHAI) created NHIPC(_________) for attracting domestic and foreign investment for highways projects. It will focus on engaging with global institution investors, developers, construction companies and fund managers for building investor participation in road infrastructure projects.

National Highways Investment Production Cell
National Highways Investment Promotion Cell
National Highways Investment Procurement Cell
National Highways Investment Protection Cell
None of These


43. World Bank approved a loan worth USD 40 million for a tourism project in _________.

Uttar Pradesh
Uttarakhand
Haryana
Punjab
None of These


44. As per RBI Data, Non-Performing Assets (NPAs) of Indian public sector banks stood at Rs ___________ lakh crore by end of September 2017. Also, Indian Banks lost Approx 16900 Crores in Frauds last year (FY 2016-17).

3.34
4.34
17.34
10.34
7.34


45. Central Government recognised _____________ as a ‘Champion State’ for exports recording highest growth in exports during 2016-17. Exports from state during 2016-17 stood at Rs 40872 crores, marking growth of 114% from Rs 19082 crore in 2015-16.

Punjab
Odisha
Haryana
Gujarat
None of These


46. Directorate General of Civil Aviation (DGCA) granted scheduled commuter operator (SCO) permit to ______________, enabling it to operate flights under regional air connectivity scheme UDAN.

Air Deccan
Air India
Jet Airways
Spicejet
None of These


47. India Government Mint (A Unit of Security Printing and Minting Corp of India) launched India’s first home-grown high purity gold reference standard –Bharatiya Nirdeshak Dravya (______________).

  1. It is reference material for gold of ‘9999’ fineness (gold that is 99.99% pure with impurities of only 100 parts-per-million). It will be beneficial to the consumers and public at large to ensure purity of gold.
  2. It is developed through collaboration between IGM, Bhabha Atomic Research Centre (BARC), National Physical Laboratory (New Delhi) and National Centre for Compositional Characterisation of Materials (Hyderabad).
BND-3201
BND-5201
BND-6201
BND-7201
BND-4201


48. ______________ is top contributor in first 5 months since rollout of the Goods and Services Tax (GST) regime in July 1, 2017. Uttar Pradesh is ranked 2nd in terms of total GST Collection (CGST+IGST+SGST+CESS). Govt has so far received approx 3.7 Lakh Crores as GST Collections till Nov 30, 2017.

Maharashtra
Gujarat
Rajasthan
Uttarakhand
None of These


49. Ministry of Corporate Affairs (MCA) will roll out _____________ to provide a three-month window for defaulting companies and their director to submit their annual filings. It will be operational from January 1 to March 31, 2018.

Cooperation Delay Scheme
Condonation of Delay Scheme
Combined Delay Scheme
Collaborative Delay Scheme
None of These


50. Ministry of Home Affairs (MHA) directed all NGOs, individuals and business entities receiving foreign funds to open accounts in any of ____________ designated banks (including one foreign) within a month, as per MHA powers under Foreign Contribution (Regulation) Act (FCRA) 2010.

  1. These accounts will be integrated with central government’s Public Financial Management System (PFMS), to provide higher level of transparency and hassle-free reporting compliance.
12
38
22
42
32


51. Private Bank ____________ established a Medium Term Note (MTN) programme to raise USD 1 billion by issuing debt securities in international capital markets to eligible investors.

Yes Bank 
ICICI Bank
HDFC Bank
Axis Bank
None of These


52. According to data by Income Tax department, 2 crore Indians (1.7 % of population) paid Rs 1.88 Lakh Crore income tax in __________, with number of income-tax return filers being 4.07 crore.

  1. In previous year, 3.65 ITRs were filed, out of which 1.91 crore tax payers paid Rs 1.91 lakh crore income tax.
2016-17
2014-15
2015-16
2013-14
None of These


53. Agri service solutions provider Sohan Lal Commodity Management (SLCM) tied up with ______________ to provide collateral management services, to improve farmers' access to post-harvest credits at affordable interest rates and provide access to scientific storage facilities.

ICICI Bank and Axis Bank
HDFC Bank and ICICI Bank
ICICI Bank and IndusInd Bank
HDFC Bank and IndusInd Bank
None of These


54. Finance Ministry will issue first tranche of recapitalization bonds to public sector banks (PSB) in January 2018. Recapitalization bonds will not be sold in open market, rather it will be issued to all banks.

  1. These bonds are part of government’s plan to infuse Rs __________ lakh crore capital into the public sector banks over 2 years.
5.11
4.11
3.11
1.11
2.11


55. India signed _____________ million Loan agreement with World Bank for Tamil Nadu Irrigated Agriculture Modernization Project to promote climate resilient agriculture technologies, improve water management practices, and increase market opportunities for small and marginal farmers.

$218
$118
$318
$418
None of These


56. Samsung launched its 'Bill Payments' on its flagship payments service, Samsung Pay in partnership with __________ Bank.

Axis
ICICI
HDFC
Indusind
None of These


57. ___________ Government launched ‘Prakash hai to vikas hai’ Scheme, a free household power connection scheme for the poor in the state.

Uttarakhand
Uttar Pradesh
Punjab
Haryana
None of These


58. Agriculture and Farmers’ Welfare Minister Radha Mohan Singh launched LDF (_______________) Mobile App developed by ICAR-National Institute of Veterinary Epidemiology and Disease Informatics (Bengaluru).

  1. NIVEDI will use this app and Monthly Bulletin system to send out early warnings related to pertaining livestock diseases.
Livestock Disease Forewarning
Livestock Disease Forecasting
Livestock Dual Forewarning
Livestock Deficiency Forewarning
None of These


59. Isurance regulator IRDAI issued regulations for insurance firms to carry out offshore business from ___________ - based GIFT International Financial Services Centre (IFSC), allowing foreign insurers to open IFSC Insurance Office (IIO) at GIFT IFSC for the first time.

Gujarat
Rajasthan
Haryana
Punjab
None of These


60. ________ became India’s first payments app to cross 10 crore downloads on Google Play Store.

Payzapp
Phonpe
Mobikwik
Paytm
None of These


61. _________ State Government has set up Automatic Service ATMs, ‘E-Mitra Plus’ at 9900 Atal Seva Kendras and 2500 urban location across state, to enable people to access 380 various government services and over 100 services of private sector.

Uttarakhand
Goa
Gujarat
Rajasthan
None of These


62. _________ signed MoU with POORTI (Platform for Online Ordering and Rural Transformation of India) Agri Services to help farmers buy agricultural inputs like seed, fertilizers and pesticides. POORTI is a platform for buyers and sellers of agricultural inputs.

PNB
BOB
SBI
Axis Bank
None of These


63. ____________ has disengaged Moody’s Investors Services (Moody’s) to rate its bond programmes, terminating all contracts with Moody’s pertaining to various issues made under its MTN (medium term note) Bond Programme.

SBI
PNB
BOB
Canara Bank
IDBI Bank


64. India signed USD _________ Loan agreement with world bank for Uttar Pradesh Pro-Poor Tourism Development Project.

40 Million
140 Million
240 Million
80 Million
None of These


65. NPA report by by CARE Ratings -

  1. With NPA Ratio of 9.85 %, India is ranked 5th on list of countries with highest non-performing assets (NPA) levels. Only countries with More NPAs than India are ______________ (36.67%), Italy (16.35%), Portugal (15.52%), and Ireland (11.85%).
Australia
Germany
Spain
Greece
None of These


66. _________ will raise INR 8000 crores through various sources, to meet Basel III capital norms.

  1. Indian Banks have to comply with global capital norms under Basel III by March 2019, 3 months later than internationally agreed time frame by January 2019.
PNB
BOB
SBI
ICICI Bank
None of These


67. Finance Ministry reduced interest rates on Small Saving Schemes for January -March 2018 quarter by __________ basis points as compared to October- December 2017 quarter. New interest rates for January -March 2018 quarter are -

  1. Small Savings Scheme Annual Interest Rate
    Public Provident Fund (PPF) 7.6%
    National Savings Certificate (NSC) 7.6%
    Kisan Vikas Patra (KVP) 7.3%  (11 months maturity)
    Sukanya Samriddhi Account 8.1%
    5-year Senior Citizens Savings Scheme 8.3% (Unchanged from previous quarter)
    Savings Deposit 4.0% (Unchanged from previous quarter)
    Term Deposits (1-5 year maturity) 6.6% to 7.4%
    5-year Recurring Deposit 6.9%
10
20
30
40
None of These


68. _______________ signed agreement with National e-Governance Services Limited (NeSL) for utilizing NESL’s Information Utility Services envisaged under Insolvency and Bankruptcy Code 2016.

  1. Government owned NeSL is first Information Utility entity registered by Insolvency and bankruptcy Board of India under IBBI (IU) Regulations 2017.
Punjab National Bank
Allahabad Bank
Union Bank of India
Bank 0f Baroda
None of These


69. Bank of Baroda accquired Italian bank UniCredit SpA's 51 % stake in Baroda Pioneer Asset Management Company. Now, BoB Owns ________________ of Baroda Pioneer Asset Management Company.

75 %
80 %
90 %
100 %
None of These


70. Central Government approved Rs. 4066 crore for providing internet connectivity to people in all gram panchayats (GPs) under BharatNet project, launched by Central Government in October 2011 with an aim to deploy high-speed optical fibre cables across rural areas of India.

  1. BharatNet's ultimate goal is to provide broadband connectivity to all 2.5 Lakh Gram Panchayats in India.
  2. _______________ Government signed MoU with Central Government for 2nd phase of Bharat Net project, under which 32466 km of optical fiber cable will be laid in 5987 Gram Panchayats of state.
Chhattisgarh
Jharkhand
Odisha
West Bengal
None of These


71. ____________ partnered with Abu Dhabi-based LuLu Exchange to leverage blockchain technology for cross-border remittances.

Federal Bank
Axis Bank
BOB
PNB
None of These


72. Finance Ministry approved post of 4th Whole time member in Securities and Exchange Board of India (SEBI’s), whose need was being felt due to increased workload post merger of Forward Markets Commission (FMC) with SEBI in 2015.

  1. SEBI board comprises a chairman (_________________ Currenly), 1 member each from RBI, Finance Ministry and corporate affairs Ministry.
  2. SEBI's Current 3 whole time members - Madhabi Puri Buch, G Mahalingam and Sanjeev Kaushik.
Arvind Mayaram
Ajay Tyagi
Sekhar Basu
Sanjay Mitra
None of These


73. From January 1 2018, farmers in ________________ will get 24-hour free power supply, making it first state to do so. Power utilities in state have spent Rs 12610 crore in setting up new power lines, transformers and sub-stations for this purpose.

Andhra Pradesh
Kerala
Karnataka
Telangana
None of These


74. Government infused over Rs. 7500 crore equity capital in six stressed public sector banks (PSBs)- 

Bank Infused Amount
_______________ Rs. 2729 crore
Bank of India Rs. 2257 crore
UCO Bank Rs. 1375 crore
Bank of Maharashtra Rs. 650 crore
Central Bank of India Rs. 323 crore
Dena  Bank Rs. 243 crore
Bank of Baroda
Canara Bank
UCO Bank
Bank of Maharashtra
IDBI Bank


75. Indian GDP Growth Projections -

  1. International Rating Agency Fitch lowererd 2017-18 growth projection to 6.7%, from 6.9%.
  2. Morgan Stanley predicts Indian economy to witness cyclical growth recovery, with real GDP growth likely to accelerate from 6.4% to 7.5% in 2018 & to 7.7% in 2019.
  3. Global investment bank Nomura predicted India’s economy to register a 7.5 % growth rate in 2018.
  4. As per World Economic Situation and Prospects 2018 report by United Nations Department of Economic and Social Affairs (UN DESA)UN, Indian economy will grow by ___________ % in 2017-18 and will go up to 7.4 %in 2019.
  5. Asian Development Bank (ADB) lowered India’s GDP forecast for the current fiscal by 0.3% to 6.7 %. It also revised GDP outlook for next fiscal beginning from March 2018 to 7.3% from 7.4%.
7.0
6.8
7.2
6.5
None of These


76. International investment firm KKR & Co became first foreign investor to fully own an ARC (________________) in India, as it received an approval from Reserve Bank of India (RBI) to start an ARC.

Asset Reconstruction Company
Asset Restructuring Company
Aim Reconstruction Company
Aid Reconstruction Company
None of These


77. Rating agency Standard & Poor’s (S&P) classified Indian Banking sector under ‘________________’ of its Banking Industry Country Risk Assessment (BICRA), along with Spain, Italy, Ireland, Panama, Poland, Bermuda, Peru, South Africa, Qatar and UAE.

  1. As per S&P, risk of rising economic imbalances for banks in India is ‘low’ on account of good franchise, extensive branch networks and large domestic savings base.
  2. However, issue of massive non-performing assets (NPAs) in Indian banking system needs to be addressed.

Group 2
Group 6
Group 5
Group 4
None of These


78. SEBI capped cross-holding in credit rating agencies (CRAs) at _________________ and also raised minimum worth requirement to INR 25 crore from current 5 crores.

20 %
15 %
5 %
10 %
None of These




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