Banking and Economy Current Affairs Quiz - May 2015

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1. CCEA (______________) approved 5 % disinvestment in National Thermal Power Corporation Limited (NTPC) and 10 % disinvestment in Indian Oil Corporation (IOC) ?

Cabinet Committee on Ecological Affairs
Cabinet Committee on Economic Affairs
Cabinet Council on Economic Affairs
Combined Committee on Economic Affairs
None of These


2. Cabinet Committee on Economic Affairs (CCEA) allowed NHAI (______) to intervene in delaying projects to help starved ventures move towards completion ?

National Highways Authority of India
National Highways Agency of India
National Highways Attorney of India
Neutral Highways Authority of India
None of These


3. As per recent national income data released by Central Statistics Office (CSO), Indian Economy with Current 125.4 lakh crore rupees Income has surpassed the 2 Trillion USD Mark to become ___________ Largest economy in the world in terms of GDP ?

3rd
4th
10th
8th
12th


4. E‚­commerce firm _______ acquired Hyderabad‚­based mobile technology startup MartMobi to strengthen its mobility platform ?

Flipkart
Amazon
Alibaba
Snapdeal
Paytm


5. As per recently relased Financial Indicators of 2014‚­15, Fiscal Deficit is 4.0 % of GDP, Revenue Deficit is 2.8% of GDP and Tax Collections are _____________ of GDP. ?

8.8 %
10.8%
11.8%
12.8%
9.8%


6. ____________ will develop an insurance product for Department of Atomic Energy (DAE) and Financial Services (DFS) to provide insurance cover for liability arising from Civil Liability for Nuclear Damages (CLND) Act, 2010 for benefit of staff of nuclear power plants ?

General Insurance Corporation of India
United India Insurance
National Insurance
LIC
None of These


7. Government approved Namami Gange Program to clean Ganga river in a comprehensive manner with a budget outlay of Rs. __________ for the next 5 years ?

10,000 crore
20,000 crore
25,000 crore
30,000 crore
40,000 crore


8. Government approved construction of Rs 4,318.28 crore trunk infrastructure components in Dholera Special Investment Region (DSIR) in Gujarat and Shendra Bidkin Industrial Area (SBIA) in Maharashtra for the DMIC (________) project ?

Delhi Maharashtra Industrial Corridor
Delhi Mumbai Inclusive Corridor
Delhi Mumbai Industrial Corridor
Delhi Mumbai Industrial Court
None of These


9. Government made REITs (____________) eligible under Foreign Exchange Management Act (FEMA) to enable foreign investment inflows into real estate projects, that was prohibited as of now ?

Real Estate Investment Treaty
Real Estate Inclusive Trusts
Rear Estate Investment Trusts
Real Estate Investment Trusts
None of These


10. __________ tied up with Apollo Hospitals to launch Medical Benefits Card. It will allow Apollo corporates to disburse medical allowances to their employees and has insurance cover for accidents ?

HDFC Bank
Axis Bank
SBI
Kotak Mahindra Bank
None of These


11. India signed $31 million loan agreement with Asian Development Bank (ADB) to boost water availability in ___________ through implementation of Integrated Water Resources Management (IWRM). ?

Karnataka
Rajasthan
Uttar Pradesh
Madhya Pradesh
Himachal Pradesh


12. India's GMR Infrastructure tied up with Chinese Guizhou International Investment Corporation (GIIC) for developing Kakinada Special Economic Zone (KSEZ) in __________ ?

Uttar Pradesh
Andhra Pradesh
Rajasthan
Gujarat
Goa


13. _________ became first Indian Company to Join RE100 Renewable Energy Campaign which is global platform for major companies committed to 100% renewable power ?

TCS
TATA Sons
HCL
Wipro
Infosys


14. Internet firm _________ acquired Online grocery marketplace BestAtLowest.com for 10 million USD to expand companys search plus capabilities and sync between online and physical stores in real‚­time ?

Askme
Snapdeal
Flipkart
Paytm
Amazon


15. Islamic clothing company East Essence tied up with Indian e-Commerce Firm _______ to set up store on their portal. ?

Amazon
Snapdeal
Flipkart
Paytm
Alibaba


16. _________ will provide Loan of Rs. 1165 crore approx to India for Transmission System Improvement in Odisha. ?

China
USA
Japan
Isreal
Russia


17. Lok Sabha passed Goods and Services Tax (GST) Bill, 2014 (Also called Constitution (122nd Amendment)). The bill is aimed at transforming India into a common market, unifying into a national goods and services tax expected to boost manufacturing and reduce corruption. It will insert ____________ in the Constitution. ?

Article 280 A
Article 279 A
Article 281 A
Article 282 A
Article 273 A


18. _________'s Industrial Development Corporation signed an agreement with SIDBI Venture Capital to provide easy finance to micro, small and medium enterprises (MSMEs). Size of Funds is 200 crore rupees ?

Uttar Pradesh
Maharashtra
Goa
Mizoram
Meghalaya


19. Microsoft will open India’s first Digital Experience Centre in __________ . ?

Uttar Pradesh
Maharashtra
Goa
Gujarat
None of These


20. Minister of State of Ministry of Development of North‚­Eastern Region (DoNER), Jitendra Singh announced 325 crores worth projects for Northeast. Out of These, 200 crore for projects in Assam and Rs. 125 crore for OFM( ________) for entire NorthEastern region. ?

Organic Farming Mission
Optimum Farming Mission
Organic Farming Mode
Optimum Farming Mode
None of These

21. National Commodity & Derivatives Exchange Limited (NCDEX) launched ________ platform for forward trading in gold. ?

Gold Now
Gold Plus
Gold New
Gold Forever
None of These


22. Online retailer ____________ acquired Bengaluru‚­based startup firm Native5 Software Solutions . ?

Snapdeal
Myntra.com
Amazon
Jabong
Paytm


23. ____________ has been designated as insurance partner of the Ministry of Youth Affairs and Sports under its Target Olympic Podium (TOP) scheme ?

United India Insurance
LIC
GIC
Oriental Insurance Company
None of These


24. PM Narendra Modi inaugurated first branch of _________ in China at Shanghai during his official visit to china. ?

SBI
Axis Bank
HDFC Bank
Kotak Mahindra Bank
ICICI Bank


25. _______ Launched Voice Password Facility for customers in which they can make transactions by just using their voice without other means of authentication like a password ?

SBI
Axis Bank
ICICI Bank
HDFC Bank
None of These


26. Rate of Service Tax will be increased from 12.5% to __________ from June 01, 2015 as proposed In Union Budget, 2015 ?

14%
15%
16%
13%
17%


27. Reserve Bank of India (RBI) allowed Tap And Pay without PIN for transactions up to _______ . For higher than that, customer must provide pin for authentication ?

3000 rupees
2000 rupees
1000 rupees
4000 rupees
5000 rupees


28. Reserve Bank of India proposed to introduce PPI‚­MTS (________) System to Promote electronic payments for a less‚­cash society. These will be reloadable instruments subjected to an outstanding limit of 2000 rupees at a time. ?

Postpaid Payment Instruments for Mass Transit System
Postpaid Payment Investment for Mass Transit System
Prepaid Payment Instruments for Mass Transit System
Postpaid Payment Instruments for Mutual Transit System
None of These


29. Reserve Bank of India released Guidelines for NSFR (_____) under Basel III Framework on Liquidity Standards for banks ?

Non Stable Funding Ratio
Net Stable Funding Rule
Non Stable Funding Rule
Net Suitable Funding Ratio
Net Stable Funding Ratio


30. Income Tax Return Forms Forms (ITR 1, 2 and 4S) have been simplified for Assessment Year 2015‚­16 with Introduction of a more simplified form ____ for Individual or HUF with no capital gains ?

ITR 2B
ITR 2C
ITR 2A
ITR 2D
ITR 2E


31. ________ launched an Online Customer Acquisition Solution (OCAS) that enables customers to apply online for Various Types of Loans ?

Axis Bank
HDFC Bank
Kotak Mahindra Bank
State Bank of India
None of These


32. Six of worlds biggest banks were collectively fined 5.7 billion by authorities in USA and UK for Foreign Exchange Benchmark Rates manipulations. Which of these was not in the list of fined banks ?

Citicorp
Bank of China
JPMorgan Chase & Co
Barclays Plc
Royal Bank of Scotland


33. State Bank of India launched co‚­branded credit cards with ____ with an aim to issue 1.5 lakh credit cards in first year. ?

Federal Bank
HDFC Bank
Axis Bank
ICICI Bank
None of These


34. United Nation Economic and Social Commission for Asia and the Pacific (UNESCAP) 2015 survey Making Growth More Inclusive for Sustainable Development has Predicted India's GDP Growth rate to be 8.1% in 2015 and _____ in 2016 ?

11.2 %
10.2 %
7.2 %
9.2 %
8.2 %


35. World Bank approved 250 million USD Loan for special Program for Enhancing Teacher Effectiveness in ________ by improving effectiveness of elementary school teachers ?

Uttar Pradesh
Bihar
Andhra Pradesh
Arunachal Pradesh
None of These


 



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