Banking and Economy Current Affairs Quiz - November 2015

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1. ____ Canada has been authorised by Canadian High Commission to accept GIC (Guaranteed Investment Certificate) for students aspiring to study in Canada ?

HDFC
ICICI Bank
SBI
Axis Bank
None of These


2. 7th Central Pay Commission (CPC) headed by Justice AK Mathur Recommended 23.55 % hike in pay of Central government employees from 1 January 2016. Increase in pay will be 16 %, allowances 63 % and pension 24 %. Minimum pay will be _____ ?

18000
16000
20000
25000
None of These


3. As per 7th Central Pay Commission report, A fitment factor of 2.57 is proposed to be applied for all employees with 3 % annual Increment. The implementations will impact fiscal deficit by _____ ?

0.75 %
0.55 %
0.65 %
0.45 %
0.85 %


4. Andhra Pradesh Government and World Bank have signed _____ million loan deal for Andhra Pradesh Rural Inclusive Growth Project. ?

$5
$105
$95
$85
$75


5. ____ announced Children's Gift Fund as a goal‚­based investment option for minors, represented by a guardian with optional lock‚­in period till child turns 18 years old. ?

ICICI Mutual Fund
UTI Mutual Fund
HDFC Mutual Fund
Axis Mutual Fund
None of These


6. Cabinet Committee on Economic Affairs approved extension of IDEAS ( __________________) for 5 years from 2015‚­16 to 2019‚­20 with about 3771 crore rupees to be utilized ?

Inclusive Development and Economic Assurance Scheme
Indian Development and Economic Assistance Scheme
Indian Deployment and Economic Assistance Scheme
Inclusive Development and Economic Assistance Scheme
Indian Development and Economic Assurance Scheme


7. Cabinet Committee on Economic Affairs hiked Minimum Support Prices for Rabi Crops of 2015‚­16 season on recommendations of Commission for Agricultural Costs and Prices (CACP). Cabinet also decided to give bonus of ____ rupees / quintal for rabi pulses ?

75
175
500
750
50


8. ______ tied up with Navodhan Charitable Foundation for timely detection of cancer as part of its corporate social responsibility (CSR) drive ?

Axis Bank
Canara Bank
ICICI Bank
HDFC Bank
None of These


9. Central Government relaxed Foreign Direct Investment norms across 15 sectors to boost investment and raised threshold limit of approval by Foreign Investment Promotion Board (FIPB) from 3000 to _____ crores ?

4000
6000
5000
8000
None of These


10. Competition Commission of India imposed penalties on 3 Airlines for concerted action in fixing and revising Fuel Surcharge (FSC) for transporting cargo. Airlines are Jet Airways, InterGlobe Aviation and _____ . ?

AirAsia
Air India
INDIGO
Spice Jet
None of These


11. Director General of Foreign Trade extended duty incentives under Merchandise Exports from India Scheme (MEIS) from Rs 18,000 to Rs ____ crore to boost textile and apparel exports ?

21,000
25,000
29,000
35,000
None of These


12. RBI Issued Gold Bonds of subscription value of Rs ____ under Sovereign Gold Bonds Scheme ?

24 crore
246 crore
46 crore
2000 crore
None of These


13. ____ partnered with Bharat Sanchar Nigam Limited for setting up 100 wi‚­fi (Wireless Fidelity) sites in rural India. ?

Microsoft
Google
Facebook
HCL
None of These


14.Government Signed Loan Agreement with Asian Development Bank (ADB) for $273 Million Loan under Rural Connectivity Investment Program for Improving Rural Roads in States of Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal. ADB headquarters is in Manila (____) with Takehiko Nakao as its Current Chief ?

Vietnam
Phillpinnes
China
India
None of These


15.Government announced ___ interest subsidy scheme (called Interest Equalization Scheme) for exporters to boost Exports. It will have financial implication of about Rs 2,700 crores ?

2%
4%
5%
3%
None of These


16. Government approved direct subsidy payment to farmers at rate of Rs ____ per quintal for cane they will sell to loss‚­making sugarcane mills. It will cost Rs 1,147 crore to the Governmen ?

5.50
4.50
1.50
2.50
None of These


17. Government approved disinvestment of 10 % Stake in ___ . Government's shareholding of 78.65 % which will be reduced by 10% ?

Coal India Limited
SAIL
BHEL
BEL
None of These


18. Government extended RuPay Card usage condition to _____ from current 45 days for a claim of Rs 1 Lakh Insurance under accident cover, as part of Pradhan Mantri Jan Dhan Yojana ?

180 days
150 days
90 days
120 days
None of These


19. Government launched TADF (___________) under National Manufacturing Policy 2011 to facilitate acquisition of energy efficient technologies and support manufacturing growth in MSME sector. Scheme will be implemented through Global Innovation and Technology Alliance (GITA), a joint venture between CII and Department of Science & Technology ?

Technology Acquisition and Distribution Fund
Technology Accuracy and Development Fund
Technology Acquisition and Deployment Fund
Technology Acquisition and Development Fund
None of These


20. Government reduced deadline for completion of Pradhan Mantri Gram Sadak Yojana (PMGSY) for rural connectivity through allweather roads from 2022 to _____ . Annual allocation for PMGSY works for 2015‚­16 is also increased by 5,000 crore rupees (Now Total 15,100 crores) ?

2021
2017
2020
2018
2019

 

21. Government will impose Swachh Brarat Cess of ____ on all services liable to service tax from 15th November 2015. Proceeds from this cess will be exclusively used for Swachh Bharat initiatives. ?

0.5%
0.7%
0.6%
0.8%
None of These


22. ____ decided will shut its private banking Business in India ?

RBS
HSBC
Kotak Mahindra Bank
HDFC
None of These


23. In October 2015, indirect tax revenue collections increased 36.8% as compared to October 2014. Which of these is not a type of Indirect tax ?

Service Tax
Customs Duty
Cental Excise
Income Tax
None of These


24. India's Indiabulls Housing Finance acquired 40 % stake in OakNorth Bank of _____ for $100 million. ?

China
Japan
France
USA
U.K.


25. Indias economic growth accelerated to _____ in July‚­ September quarter, overtaking China (6.9%)as worlds fastest growing major economy in manufacturing, mining and services sectors. In First Quarter of 2015‚­16 (April ‚­ June 2015) , GDP grew at 7 % ?

7.8%
7.2%
7.4%
8 %
None of These


26. Jayant Sinha, Minister of State for Finance will meet Heads of Government banks every _____ to take stock of various performance parameters and discuss evolving issues ?

45 days
90 days
30 days
120 days
None of These


27. Minimum train passenger fare has been hiked from Rs. 5 to Rs ____ in non‚­suburban services at par with platform ticket. Platform ticket was increased to Rs. 10 in April 2015 ?

15
10
20
8
None of These


28. Online auto classifieds firm _____ acquired car‚­selling portal CarWale.com ?

CarVyapar.com
CarDekho.com
CarTrade.com
CarYar.com
None of These


29. Urban Development Minister Venkaiah Naidu inaugurated ____ e‚­commerce portal of Confederation of All India Traders (CAIT) ?

e ‚­ trader
e ‚­ biz
e ‚­ trade
e ‚­ sauda
e ‚­ lala


30._____ ‚­based Emirates NBD bank partnered with State Bank of India to help NRI customers in gulf to carry out remittances more conveniently ?

Kuwait
Iran
UAE
Iraq
None of These


31. Securities and Exchange Board of India signed Memorandum of Understanding with ____ Securities and Exchange Commission during UK Sinha(Chairman of SEBI)'s visit to the nation ?

Pakistan
Sri Lanka
Nepal
Bangladesh
None of These


32. Reserve Bank of India imposed Rs 1 crore penalty on ____ for violation of Know Your Customer (KYC) and Anti Money Laundering (AML) norms ?

ICICI
Dhanlaxmi Bank
SBI
AXIS Bank
None of These


33. Reserve Bank of India approved _____ to function as Bharat Bill Payment Central Unit (BBPCU) in Bharat Bill Payment System (BBPS) ?

National Payments Corporation of India
SAIL
BHEL
GAIL
None of These


34. ______ accquired telecom business of Sistema Shyam Teleservices Ltd (SSTL) that operates MTS brand in a stock deal worth Rs.4,500 crores. ?

Airtel
MTNL
BSNL
TATA Telecom
Reliance Communications


35. RBI approve three applicants to set up and operate Trade Receivables Discounting System (TReDS). Organisations are ‚­ NSE Strategic Investment Corporation and Small Industries Development Bank of India (SIDBI) Mynd Solutions and ________________ ?

ICICI
Axis Bank
SBI
HDFC
None of These


36. Under the recently launched Gold Coin and Bullion Scheme, Gold Coins with National Emblem of _____ engraved on one side and M K Gandhi on other side will be issued. ?

Ashok Chakra
Lal Bahadur Shastri
Atal Bihari Vajpayee
Shri Sardar Vallabh Bhai Patel
None of These


37. Under the recenntly launched Gold Sovereign Bond Scheme, Bonds with Tenor 8 and exit option from 5th year will be issued and investment between 2 - 500 grams gold. Investors will get interest of ____ per annum ?

5.75 %
4.75 %
3.75 %
1.75 %
2.75 %


38. Under the recently launched Gold Monetisation Scheme, Minimum deposit shall be raw gold equivalent to _____of gold of 995 fineness ?

30 grams
130 grams
20 grams
10 grams
None of These


39. Under the recently launched Gold Monetisation Scheme, Designated banks will accept gold deposits under Short Term (1 to 3 years), Medium (______ ) and Long (12 to 15 years). ?

4 to 8 years
5 to 7 years
6 to 8 years
7 to 10 years
None of These


40. Under the recently launched Gold Monetisation Scheme, Interest rate in Short Term Bank Deposit (STBD) will be determined by banks. Interest rate in medium term bonds is 2.25% and long term bonds will have _____ interest rate. ?

2.0%
3.0%
3.5%
2.75%
2.5%




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