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Banking and Economy Current Affairs Quiz - May 2013

Home > Current Affairs > Banking and Economy Current Affairs Quiz - May 2013

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1. A special committee suggested creation of a new GIRO Based Indian Bill Payments System (IBPS) to be enacted for a new and better bill payments system with more facilities for citizens. GIRO Stands for ?

Government Internal Review Order
Government Internal Rearrangement Order
Government Internal Restructuring Order
None Of These


2. According to recent reports, every Indian had an average foreign debt of Rs. 11517 in FY 2010 - 11 and increased to Rs. 14692 in FY 2011 - 12. It showed an Increase of ?

15 %
27 %
10 %
30 %

3. All bank Accounts are to be soon linked to which Unique Number in order to Connect LPG Gas Subsidy to direct Cash Transfer Scheme ?

Aadhaar
SMART Card
Voter ID
none of these


4. Which Central PSE (Public Sector Enterprise) Recently become India's largest company in terms of market capitalization ?

NTPC
ONGC
SAIL
none of these


5. Government decided to Change criteria in NRLM (National Rural Livelihoods Mission) to include loans to women SHGs at less Interest Rate of 7% to empower women and make them more self- dependent. SHG Stands for ?

Sufficient Help Groups
Subsidized Help Groups
Self Help Groups
None Of These


6. India's Average GDP Growth Rate for Financial Year 2012 - 13 stayed at lowest in a Decade. Its Value was ___ ?

3 %
4 %
6 %
5 %


7. India's State Bank of India (SBI) recently signed an agreement with Bank Banco Bilbao Vizcaya Argentaria (BBVA) to support business operations of clients of both banks. BBVA Bank Belongs to which Country ?

France
Spain
Netherlands
None Of These


8. Government recently increased OBC Creamy Layer Income Limit from 4.5 Lakh To What Amount now ?

5 Lakh
6 Lakh
7 Lakh
9 Lakh


9. RBI (Reserve Bank of India) banned import of Which Commodity keeping in view the increasing pressure on Rupee against international currencies specially US Dollar ?

Steel
Silver
Gold
None of These


10. Retirement fund body EPFO is to pay an interest rate of What percent on provident fund deposits for 2013-14 to its over five crore subscribers ?

7.5 %
9.5 %
8.5 %
None Of These


11. SEBI (Securities and Exchange Board of India) has approved country's first in house funded telecom/IT start up fund of $10 million that could go up to $20 million. What is the name of the Fund ?

Rural Felxi Fund
Start up Village Fund
Backward Region Grant Fund
None of these


12. SEBI (Securities and Exchange Board of India) recently set up what amount as threshold of Min Net worth for insurance companies to open branches in foreign companies ?

1000 Crores
500 Crores
1500 Crores
None of These


13. The Cabinet Committee on Economic Affairs (CCEA) recently approved setting up of a Central Public Sector Enterprises (CPSE) ETF that will act like a share basket of various CPSEs in stock Market. ETF Stands for ?

Exchange Technical Fund
Exchange Tracking Fund
Exchange Traded Fund
None of these


14. Government recently approved a huge Rs. 10500 Crore FDI (Foreign Direct Investment) proposal of Furniture Firm IKEA. IKEA belongs to which Country ?

France
Sweden
Spain
none of these


15. World Bank has approved a loan of $ 100 million for Which Indian Bank for implementation of a low-income housing programme ?

SIDBI
ICICI Ban
National Housing Bank (NHB)
None Of These


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