Activate the Subscription by Confirmation sent to your E-mail!!


Banking and Economy Current Affairs Quiz - October 2017

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

  1. Quiz Can Be Started by Using the Start Quiz Button in Bottom of Quiz.
  2. If you're in a Hurry and want to know answers without attempting Quiz, Use the Done..Show My Score button Directly and answers will be shown.
  3. For every Correct answer, 1 Mark will be awarded.
  4. For every wrong answer, .25 Marks will be deducted.
  5. All The Best!!




1.India signed $200 Million Loan Agreement with World Bank for __________ Agribusiness and Rural Transformation Project, to support state Government to facilitate agri-business investments and increase agriculture productivity and market access.

Assam
Meghalaya
Mizoram
Nagaland
None of These


2. ________ Small Finance Bank signed Bancassurabce agreement to sell health insurance products of Aditya Birla Health Insurance. It has also been approved as a scheduled Commercial Bank.

RGVN
Ujjivan
AU
Utkarsh
None of These


3. _____________ tied up with Small Industries Development Bank of India (SIDBI) to launch an INR 200 crore fund for providing loans to MSMEs. It will fund term loans in the 25 lakh to 2 crore ticket size. ?

Lakshmi Vilas Bank
Bank of India
Kotak Mahindra Bank
AU Small Finance Bank
None of These
B


4. Abu Dhabi Global Market (Abu Dhabi) and ____________ have signed MOU to boost cross-border exchange between United Arab Emirates and India. It will enable fintech innovators from Middle East region and India to apply into Bank's FinTech programmes and ADGM’s Regulatory Laboratory and will get to expand into each other’s markets ?

Kotak Mahindra Bank
ICICI Bank
HDFC Bank
Axis Bank
Yes Bank


5. According to Society of Indian Automobile Manufacturers (SIAM), _____________ is largest passenger cars exporter from India in first half (April-September) of ongoing fiscal with 57,300 units exported in period, followed by Volkswagen and Hyundai.

  1. Additionally, Honda Motorcycle and Scooter India (HMSI) left past Bajaj Auto to become 2nd biggest bike seller in India during first half of ongoing fiscal. While Hero MotoCorp continues to top the list.
Honda Motors
Totota Automobiles
Maruti Suzuki India
Volkswagen
None of These


6. ___________ government signed MoU with Mastercard to pave way for digital financial transactions in a secure environment ?

Andhra Pradesh
Kerala
Karnataka
Telangana
None of These


7. As per Data, Direct Tax Collections in first half (April-September) of FY 2017-18 shows growth of______________over previous year with net direct tax collections at 3.86 lakh crore rupees. These collections are 39.4 % of total budget estimates of Direct Taxes for FY 2017-18 ?

12.8 %
15.8 %
5.8 %
25.8 %
None of These


8. As per Morgan Stanley, India will be world’s fastest-growing large economy by 2026-27 with digitisation providing enhancement of 50-75 bps to GDP growth. India will grow to a 6-trillion-dollar economy and achieve upper-middle income status by ______________?

2026-27
2022-23
2035-36
2029-30
None of These


9. As per a world bank report -

  1. India will maintain its place as top remittances receiving nation with overseas Indians sending in USD ___________ in 2017, compared to 62.7 Billion USD in 2016.
  2. Other top 5 remittances receiving countries after India - China (USD 61 billion), Philippines (USD 33 billion), Mexico (USD 31 billion), and Nigeria (USD 22 billion).
65 billion
75 billion
70 billion
77 billion
None of These


10. Asian Infrastructure Investment Bank (AIIB) and Asian Development Bank (ADB) will co-finance a USD _________ loan for boosting power sector in India ?

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


11. BNP Paribas Securities Services teamed up with __________ to deliver an innovative blockchain­ based platform named Corporate Event Connect. It will provide fast, accurate and secure corporate event announcements to clients around world ?

Wipro
HCL
Infosys
TCS
None of These


12. Central Vigilance Commission (CVC) will develop Integrity Index of __________ Government Organizations in line with its broader strategy and emphasis on preventive vigilance. Index will be for bench-marking internal processes and controls within organisation as well as management of relationships and expectations of outside stakeholders.

  1. CVC will observe vigilance awareness week from 30 October to 4 November 2017 with theme My Vision Corruption Free India.
15
25
35
45
None of These


13. _________ Government reduced rate of interest on loan given to women and their self-help groups (SHGs) under ‘Saksham Yojna’ from 6.5 % to 5 %, operated by State's Mahila Kosh ?

West Bengal
Bihar
Jharkhand
Odisha
Chhattisgarh


14. Digital payments firm ______________ partnered with IRCTC to allow customers to book railway tickets using Its payment gateway in IRCTC Rail connect app. Rukaiya Rangwala is recently Appointed as ______________Payment Gateway Business Head.

MobiKwik
Paytm
Oxigen
Airtel
None of These


15. E-commerce Firm ___________ launched its CSR initiative in association with Textile Ministry to work directly with weavers and elevate their economic stature and uplift handlooms Industry in India ?

Flipkart
Snapdeal
Jabong
Myntra 
None of These


16. Economic Advisory Council to the Prime Minister (EAC-PM) has been reconstituted with __________ as Chairman. Its First meeting has been held in Delhi ?

Anil Swarup
N K Sinha
Bibek Debroy
Kewal Kumar Sharma
None of These


17. Engineering Export Promotion Council (EEPC) of India inked MoU with ____________ to provide easy access to export finance for SMEs and merchant exporters of council ?

BOB
PNB
SBI
HDFC
None of These


18. European Securities & Markets Authority (ESMA) certified clearing arms of National Stock Exchange (named National Securities Clearing Corporation Ltd) and Bombay Stock Exchange (named Indian Clearing Corporation Limited) as qualified CCP (____________________).

  1. CCP is a corporate entity which guarantees the terms of a trade even if a buyer or seller defaults on the agreement.
  2. As per Basel III framework, entities are subjected to lower capital requirement/charges while participating in capital markets through qualified central counterparty (CCP).
  3. This certification will now enable European entities to have lower capital requirements to participate in Indian Capital Markets.
Central Committee
Central Counterparty
Core Counterparty
Core Committee
None of These


19. Finance Minister Arun Jaitley launched mandatory use of PFMS (_______________) for all Central Sector Schemes, to ensure that benefits of Government Schemes reach directly to real beneficiaries. He stated that soon PFMS will become a Government wide Integrated Financial Management System (GIFMIS) as a comprehensive Payment, Receipt and Accounting System ?

Public Funds Management System
Public Fuel Management System
Public Forum Management System
Public Finance Management System
None of These


20. Finance Ministry allowed public sector banks and top 3 private banks (ICICI, HDFC and _____________) to accept deposits under various small savings schemes to encourage savings. Until now, most of small savings schemes were sold through post offices.

  1. Now banks will sell National Savings Time Deposit Scheme 1981, National Savings (Monthly Income Account) Scheme 1987, National Savings Recurring Deposit Scheme 1981 and NSC VIII issue.
  2. So far, these banks were allowed to receive subscription only under Public Provident Fund (PPF), Kisan Vikas Patra-2014, Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004.
Axis Bank
Kotak Mahindra Bank
LVB
Ratnakar Bank
None of These


21. Finance Ministry imposed anti-dumping duty on imports of certain steel wire rods from ___________ for five years ?

China
Japan
Vietnam
Myanmar
None of These


22. First Small Finance Bank in North East India commenced operations with name _______________________. It is based in Guwahati. In April 2017, it received final licence from RBI under Banking Regulation Act 1949 to carry on business as a small finance bank ?

Ujjivan Small Finance Bank
RGVN Microfinance Limited
Utkarsh Small Finance Bank
Disha Microfin Limited
None of These


23. ____________ launched in-house brand for large appliances named MarQ to expand It’s self-branded offerings on its marketplace ?

Amazon
Snapdeal
Alibaba
Flipkart
None of These


24. GDP (______________) Growth Rate Forecasts -

  1. Japanese financial services company Nomura stated that India’s GDP growth will be around 7.1 % in 2017-18.
  2. Asian Development Bank (ADB) predicted 7 % for India in 2017 - 18 and 7.4 % in 2018 - 19.
  3. OECD (Paris based think tank) announced that Indian economy will grow at 6.7 % in 2017-2018.
  4. International Monetary Fund (IMF) trimmed India’s growth forecast for 2017-18 to 6.7% from 7.2 earlier. Forecast for 2018-19 is 7.4 %.
  5. World Bank reduced India’s GDP growth forecast to 7% for 2017-18 from 7.2% estimated earlier.
  6. NITI Aayog expects GDP to grow at 6.9-7 % in 2017-18 and 7.5% in 2018-19.
Global Deployment Product
Global Development Product
Gross Development Product
Gross Deployment Product
Gross Domestic Product


25. GST Council reduced tax rates on 27 items Including dried mangoes, Khakhra, plain chapatis, unbranded Namkeen, unbranded ayurvedic medicines and paper wastes to (5 % from 12 %). Food packets used in ICDS scheme, plastic and rubber wastes will now be taxed at 5 % instead of 18 5. GST Council approved quarterly filing of returns for businesses with turnover up to 1.5 crore rupees and raised threshold for composition scheme from 75 lakh rupees to ___________ rupees ?

1.5 crore
2 crore
1 crore
2.5 crore
None of These


26. GSTN (______________) launched excel-based offline tool for businesses to file initial GSTR- 3B returns. Taxpayers can download the offline utility and upload on GST portal after filling. It will automate filing GSTR-3B Returns. ?

Goods and Services Tax Network
Goods and Services Tax Node
Goods and Securities Tax Network
Goods and Services Trade Network
None of These


27. Governmentannounced Bank Recapitalisation Plan to infuse Rs. _____________ ( $32.4 billion) capital over next 2 years into public sector banks (PSBs) and prioritised financing support for MSMEs in 50 clusters.

  1. Capital infusion will be done to check widening losses of PSB Banks due to Rise in NPAs. NPAs of banks had more than doubled to Rs. 7.33 lakh crore in June 2017 from Rs. 2.75 lakh crore in March 2015.
  2. Under this plan, PSBs will get Rs 1.35 lakh crore from Recapitalisation Bonds, 18,000 crore from Budgetary and 58,000 through sale of share of banks.
  3. Government also constituted Alternative Mechanism Panel headed by Finance Minister Arun Jaitley to oversee merger proposals of public sector banks (PSBs).
1.11 lakh crore
2.11 lakh crore
4.11 lakh crore
3.11 lakh crore
None of These


28. Government announced that subscribers to General Provident Fund (GPF) and other similar funds shall get interest at rate of __________ with effect from 1st October, 2017 to 31st December, 2017 ?

8.7%
5.8%
7.8%
6.8%
None of These


29. Government announced to build 83,677km of roads, highways, greenfield expressways with investment of Rs.___________ lakh core by 2022. It also includes first phase of new umbrella programme BharatMala Pariyojana that involves construction of 34,800 km highways by 2022.

  1. It was announced as part of INR 9 lakh crore package to Boost economy, that also includes 2.11 lakh crore for bank recapitalisation.
  2. Bharatmala -
    1. It will include economic corridors (9,000 km), inter-corridor and feeder route (6,000 km), national corridors efficiency improvement (5,000 km), border roads and international connectivity (2,000 km), coastal roads and port connectivity (2,000 km) and greenfield expressways (800 km).
    2. BharatMala project will be funded in three-pronged manner – market, private investment and asset recycling of NHAI’s toll assets. Of total INR 5,35,000 crore, 2.09 lakh crore will be raised as debt from market, 1.06 lakh crore will be mobilised through public-private partnership (PPP) mode and 2.19 lakh crore will flow from accruals of Central Road Funds and toll collections ?
2.92
4.92
5.92
7.92
6.92


30. Government launched Sovereign Gold Bonds 2017-18 – Series-III, from October 09, 2017 to December 27, 2017.

  1. Sovereign Gold Bonds were launched under sovereign gold bond scheme in November 2015, to reduce demand for physical gold and shift part of domestic savings, used for purchase of gold, into financial savings.
  2. Features of Sovereign Gold Bonds -
    1. Denomination in units of one gram of gold and multiples thereof. Minimum investment in bonds is one gram. Maximum limit will be of 4 kg for individual and HUF (Hindu Undivided Family) and 20 kg for trusts and similar entities.
    2. Issue price will be fixed in Rupees on basis of simple average of closing price of gold of 999 purity published by the India Bullion and Jewellers Association.
    3. Interest rate will be ______________ per annum payable semi-annually on nominal value.
    4. Tenor will be 8 years with exit option from 5th year, that can exercised on the interest payment dates.
    5. Bonds can be used as collateral for loans and will be also tradable on stock exchanges.
    6. Capital gains tax on it has been exempted.
3.50%
1.50%
2.50%
4.50%
None of These


31. Government increased its stake ______________ to 77.79% by acquiring 3.81% shares through preferential allotment ?

SBI
BOB
PNB
IDBI Bank
None of These


32. Government made Aadhaar linking mandatory for Public Provident Fund, National Savings Certificate and Kisan Vikas Patra schemes till December 31, 2017.

  1. Government already made mandatory to link Aadhaar to PAN by December 31, 2017 and SIM connections by February 2018.
  2. Some 135 welfare schemes are to be linked to Aadhaar by March 31, 2018.
  3. Employees Provident Fund Organisation (EPFO) also launched new online facility for its members to Aadhaar number with their Universal Account Number (UAN) to ensure speedy EPFO services.
  4. Mobile Numbers are to be linked to Aadhaar Number by ______________.
Mar 31, 2018
Feb 28, 2018
Dec 31, 2017
Jan 31, 2018
None of These


33. Government reduced Basic Excise Duty rate on Petrol and Diesel by Rs. _________ per litre, to contain impact of rising international prices of crude petroleum oil and keep petrol and diesel Prices under control. Revenue loss on account of these reductions in excise duty is about Rs. 26,000 crore annually ?

2
1
3
4
None of These


34. ____________ launched SmartUp zones in its branches across India, to become preferred banker for the start-up community. An exclusive area inside the branch premises a SmartUp Zones will be dedicated to start-ups and trained bank staff will offer tailor-made banking and advisory solutions to entrepreneurs ?

Axis Bank
ICICI Bank
Kotak Mahindra Bank
SBI
HDFC Bank


35. Life Insurance Company _____________ launched service bot Neo that uses artificial intelligence for customer service. It is second bot put in operation by Company after SPOK, which was an email answering bot for customer queries.

The Company also launched Click2Protect Health plan that provides both life and health cover under a single plan, Jointly with Apollo Munich Health ?

LIC
HDFC Life Insurance Company
ICICI Prudential Life Insurance
Bajaj Allianz Life Insurance
None of These


36. ___________ launched mobile app Trade Transaction Tracker to help customers track status of their trade transactions on a real-time basis. It will provide global view of import and export documentary transactions across markets in single app. Recently, John Flint has been appointed as Company's CEO.

HSBC
HDFC
Moody's
Credit Suisse
None of These


37. ICICI Bank committed assistance of INR ________ crores to Indian Armed Forces in 2 equal tranches. First tranche will support post-graduation education of widows of soldiers and education for their children. Second program will provide financial assistance for marriages of daughters of ex-servicemen ?

5
25
20
50
10


38. India signed $300 Million Loan Deal with Asian Development Bank (ADB) to Promote Further Fiscal Reforms in ___________ and improve quality of public service delivery in state. ?

West Bengal
Odisha
Telangana
Andhra Pradesh
None of These


39. Indian Government signed $65.5 million loan agreement with Asian Development Bank (ADB) to continue interventions to check coastal erosion on Western Coast in __________________________. It is 2nd Tranche of a $250 million financing facility under Sustainable Coastal Protection and Management Investment Program ?

Kerala
Karnataka
Telangana
Andhra Pradesh
None of These


40. Indian Institute of Technology (IIT-__________) developed tGST app to ease up process of GST calculations for Commercial Taxes Department of Telangana ?

Bombay
Delhi
Kharagpur
Bilaspur
Hyderabad


41. _________ acquired Micro-lender Bharat Financial Inclusion Ltd for $2.4 billion. It will boost bank’s presence in microfinance lending and rural banking.

Bnak also launched co-branded wallet with Mobikwik that allows its customers to pay at MobiKwik merchant network using their accounts, with a ’Direct Debit Feature’.?

Yes Bank
IndusInd Bank
HDFC Bank
Axis Bank
None of These


42. IDFC (_____________________________ will exit infrastructure and private equity funds management business, called IDFC Alternatives that has assets worth $2.6 billion. IDFC is currently engaged in merger discussions with Shriram Group ?

Infrastructure Deployment Finance Company
Infrastructure Development Finance Company
Infrastructure Development Futures Company
Internal Development Finance Company
None of These


43. Inland Waterways Authority of India (IWAI) raised INR ________ as Fully Serviced Bonds through e-bidding on BSE Portal. Proceeds will be utilized by IWAI for capital expenditure for development of National Waterways (NWs) under National Waterway Act 2016 during 2017-18 ?

660 crores
1660 crores
2660 crores
3660 crores
None of These


44. ___________ suggested a 3-pronged approach for structural reform in India that includes -

  1. Addressing banking and corporate sector weaknesses
  2. Continued fiscal consolidation through revenue measure
  3. Improving efficiency of labour and product markets.
EDB
ADB
AIIB
World Bank
IMF


45. ______________ and Fintech Firm Zeta launched multi-wallet digital prepaid solution for salaried employees named Paymint. Paymint’s single digital interface will enable firms to manage multiple reimbursements and allowances offered to employees including meal vouchers, medical reimbursements etc.

  1. Bank also tied up with Samsung Pay to enable its credit and debit cardholders to tap and pay using Samsung smart phones at merchants. It uses the Magnetic Secure Transmission (MST) that enables consumers to make in-store payments without need for a physical card.
Yes Bank
Kotak Mahindra Bank
HDFC Bank
ICICI Bank
None of These


46. _____________, which was first state to switch to January-December financial year from existing April-March cycle starting 2018, has put plan on hold till Central Government shifts to January-December fiscal cycle ?

Madhya Pradesh
Chhattisgarh
Jharkhand
Odisha
None of These


47. __________ Government released sum of INR 4000 crores under first phase of over 34,000 crore farm loan waiver scheme for benefit of 8 lakh farmers. ?

Odisha
Uttar Pradesh
Gujarat
Rajasthan
Maharashtra


48. Ministry of Consumer Affairs, Food and Public Distribution brought into effect Bureau of Indian standards (BIS) Act 2016 that replaces Bureau of Indian Standards Act ___________.

  1. It aims to help in ease of doing business, enhance ‘Make In India’ campaign and ensure availability of quality products and services to consumers.
  2. BIS Act 2016 establishes BIS as the National Standards Body of India for the purpose of standardization, marking and certification of articles and processes. It has broaden BIS’s ambit and allows central government to make it mandatory for certain notified goods, articles, processes, etc to carry standard mark.
1986
1976
1966
1956
None of These


49. Ministry of Petroleum and Natural Gas launched Start-up Sangam initiative to develop new business models, marketing plans, technology and innovations in heavy oil and gas industry sector by supporting 30 start-ups. For this, 10 oil and gas PSUs have setup Rs. ________ -crore venture capital fund to encourage start-ups based on innovative ideas in energy sector. ?

220
320
120
420
None of These


50. Monetary Policy Committee (MPC) of RBI kept policy rates unchanged with current values -

  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) - _____________ % (Changed from 20 %)
15
17.5
19
18.5
19.5


51. Moody’s affirmed Baa3 rating on _________________’s senior unsecured debt (issued via its London branch) and (P)Baa3 rating on its senior unsecured medium-term note (MTN) program. Baa3 denotes lowest rating in investment grade on long-term corporate obligation, which carries moderate risks ?

SBI
BOB
PNB
Axis Bank
None of These


52. MCX (_____________) launched India’s first commodity options in Gold. with bi-monthly duration. The option will also have existing gold kilo futures contract as its underlier.

  1. Options are an instrument that gives buyer right to buy or sell an underlined at present price on a future date. They are of two types: puts (right to sell) and calls (right to buy).
Multi-Currency Exchange of India Ltd
Mutual-Commodity Exchange of India Ltd
Multi-Commodity Exchange of India Ltd
Mutual-Currency Exchange of India Ltd
None of These


53. National Bank for Agriculture and Rural Development (NABARD) acquired ____________ stake in Small Industries Development Bank of India (SIDBI) for INR 900 crores from IDBI Bank. NABARD now holds 10% Stake in SIDBI.

  1. NABARD also sanctioned amount INR 273 crore to Andhra Pradesh Government for Rural Water supply, Road and Bridge projects. These funds have been sanctioned under Rural Infrastructure Development Fund (RIDF)
9%
5%
3%
7%
None of These


54. ____________ government's Directorate of Treasuries and Inspection and State Bank of India signed MOU for integration of SBI e-Pay with State's cyber treasury to facilitate revenue collection from citizens through digital banking platform.

  1. State government also launched portal for sharing Government's open data with people.
Assam
Bihar
Chhattisgarh
Jharkhand
Odisha


55. Property Portal __________ launched India's first online bidding platform for residential and commercial properties under name My Bid, My Home that allows consumers to bid for ready-to-move-in residential properties in Gurugram (Haryana).

Housing
99Acres
Magicbricks
Commonfloor
None of These


56. RBI issued guidelines to banks will provide funds to women self-help groups, SHGs, in rural areas at _________ under Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM) in the current fiscal (2017-18) ?

7 %
8 %
5 %
6 %
None of These


57. _________ launched its INR 11,370 crore initial public offer (IPO), as India's third biggest IPO ever after Coal India's 15,200 crore and Reliance Power's 11,700 crore IPOs ?

TCS
General Insurance Corp of India
Infosys
SBI
None of These


58. Reliance Commercial Finance Ltd signed agreement with Indian Renewable Energy Development Agency Ltd (IREDA) for INR _______ crore loan. ?

300
200
100
500
None of These


59. ____________ received final approval from Department of Telecommunication (DoT) for its merger with Sistema. It will extend validity of Company's spectrum portfolio in highly valued 800 and 850 MHz band in 8 major telecom circles across country for 12 years period (2021 to 2033) ?

Reliance Communication
Tata Telecm
Bharti Airtel
Vodafone
None of These


60. ___________ became first Indian company to cross Rs 6 trillion market capitalization after its shares surged over 75% and hit a fresh lifetime high with current market cap of INR 6.02 trillion. Recent rally in stockss was due to 15% tariff hike by its telecom arm Jio that is expected to improve company’s profitability ?

Tata Sons
Adani Group
Google
Reliance Industries
None of These


61. Reserve Bank of India (RBI) approved directions for peer-to-peer (P2P) lending. P2P lending is online mechanism which raises loans for people who need to borrow, from people who want to invest.

  1. Recently RBI notified that peer-to-peer (P2P) lending platforms would be treated as non-banking financial companies (NBFCs).
  2. RBI has now stated that aggregate exposure of a lender to all borrowers and Aggregate loans taken by a Borrower shall not exceed ___________, across all P2P Platforms.
  3. Exposure of a single lender to the same borrower is capped at Rs. 50,000. Tenure of the loan should not exceed 36 months.
5 lakh
30 lakh
20 lakh
10 lakh
None of These


62. Reserve Bank of India (RBI) has Put penalties on Yes Bank and IDFC Bank -

  1. Yes Bank - _________ crore penalty for misreporting data on non-performing assets.
  2. IDFC Bank - 2 crore penalty for breaching regulations on giving loans.
5
6
4
2
None of These


63. Reserve Bank of India (RBI) initiated PCA (___________) on Oriental Bank of Commerce (OBC) that restricts several banking activities in view of high non-performing assets. Activities Include openin branches, hiring staff and lending activities. OBC is 7th Govt. bank to face such restrictions by RBI after Dena Bank, Central Bank of India, IDBI Bank, Indian Overseas Bank, Bank of Maharashtra and UCO Bank. ?

Prompt collective action
Pure corrective action
Prompt collaborative action
Prompt conservative action
Prompt corrective action


64. Reserve Bank of India (RBI) launched financial literacy drive in 80 blocks in _________ states to educate people on e-transactions, formal sector borrowings and insurance purchases ?

9
7
6
12
None of These


65. Reserve Bank of India (RBI) made Legal Entity Identifier (LEI) compulsory for companies having with Loans of Rs _____________ crores. Banks will capture this number in Central Repository of Information on Large Credits (CRILC) database that captures details of loan above this amount.

  1. LEI number will help banks in monitoring the aggregate exposure of corporate borrowers. Firms can obtain their LEI code from Legal Entity Identifier India Ltd. (LEIL).
  2. LEI is a global reference number that uniquely identifies every legal entity or structure that is party to a financial transaction. It is a unique 20 digit alphanumeric code that is assigned to a legal entity.
  3. LEI system has been set up Global authorities to enable identification and linking of parties to financial transactions in order to manage counterparty risk ?
15
2
4
5
None of These


66. Reserve Bank of India (RBI) stated that Gross Non-Performing Assets (GNPA) ratio for NBFCs has increased to __________ at end of March 2017 from 2.9 % in March 2012.

  1. Bad loans of NBFCs amount to around Rs.74,230 crores. However, compared to banks, NBFCs reported a fairly higher Return on Assets.
  2. Capital to Risk-weighted Assets Ratio (CRAR) of NBFCs has declined in recent years. Still, it was higher than the prescribed regulatory level of 15 %.
    1. Capital to Risk-Weighted Assets Ratio (CRAR) OR Capital Adequacy Ratio (CAR) is ratio of a bank's capital to its risk. It marks bank's ability to absorb a reasonable amount of loss.
4 %
7 %
5 %
6 %
None of These


67. Reserve Bank of India opened a branch in Dehradun (___________) to ease up Related financial transactions for State government. Earlier, state government had to do financial transactions through Kanpur (UP) branch of RBI ?

Himachal Pradesh
Uttarakhand
J & K
Punjab
None of These


68. Reserve Bank of India will soon allow inter-operability among prepaid payment instruments (PPI) like e-walllets (Paytm, Mobikwik etc.). It will enable users to transfer funds from one mobile wallet to another as per vision for Payment and Settlement Systems in country.

  1. RBI also announced fresh KYC guidelines for PPIs (Prepaid Payment Instruments). With these guidelines to complete full KYC formalities, mobile wallet user can now send-receive money between wallets of different companies and banks seamlessly through Unified Payments Interface (UPI).
  2. E-Wallet firms have been instructed to ensure KYC compliance of existing users by December 31, 2017.
  3. Users who do not have stipulated KYC in place, will be allowed to keep only up to Rs __________ in wallets post deadline.
  4. No credit facility will be provided to such users, if KYC is not completed within next 12 months.
20000
10000
30000
40000
None of These


69. ___________ Collaborative Innovation Centre (CIC) launched 2nd edition of its Hackathon named Digitize For Bankand to be held in first half of November 2017. It focuses on 4 Cognitive themes - Facial Recognition, Signature Recognition, Voice based Authentication and Cheque Truncation Value Enhancers. It aims to bring out solutions based on digital technologies to counter challenges faced by Banking sector ?

BOB
PNB
HDFC Bank
SBI
None of These


70. SBI Foundation granted INR ___________ crore for conservation and restoration of Chhatrapati Shivaji Maharaj Terminus (CSTM) of Mumbai over 3-5 years.

10
5
15
20
None of These


71. SEBI announced that listed companies not following the norms with regard to Minimum Public Shareholding (MPS) would face penalty as INRT 5000 / Day. If non-compliance continues for over 1 year, amount of fine per day will double.

  1. As per MPS Norms, Any listed company must have at least __________ % as public shareholders and rest can be held by promoters.
25
35
45
50
None of These


72. SEBI reorganised its committee on Market Infrastructure Institutions (MII) that advises it on reviewing norms related to stock exchanges, clearing corporations and depository participants. Now the panel will be headed by former RBI Deputy Governor ___________ . ?

H R Khan
R Gandhi
Raghuram G Rajan
Bimal Jalan
None of These


73. Securities and Exchange Board of India (SEBI) revised framework for block deals on stock exchanges by providing two separate trading windows of 15 minutes each and increasing minimum order size to Rs ________ crore.

  1. Earlier, a trade with a minimum quantity of 5 lakh shares or minimum value of Rs. 5 crore, executed through a single transaction was referred to as ‘Block Deal’. Buyers and seller were allowed to enter Block Deal Orders only during first 35 minutes of continuous trading session i.e. from 9:15 am to 9:50 am.
8
9
7
10
None of These


74. _____________ revamped its portal www.udyamimitra.in with enhanced features to provide easy access to credit and hand-holding services for micro small medium enterprises (MSME) ?

EXIM Bank of India
NHB
SBI
NABARD
SIDBI


75. _________ Launches First-ever Insurance Policy for Persons Diagnosed with Cancer, called  Cancer Care Gold ?

Religare Health Insurance
ICICI Health Insurance
Star Health Insurance
Max Life Health Insurance
None of These


76. ____________ signed agreement with Escorts Ltd to finance farmers for purchase of Escorts tractors under name Powertrac and Farmtrac.

Bank also waived off account closing charges for Savings accounts that are over an year old. Earlier, It levied closure charges of Rs 500 for its savings account. ?

SBI
BOB
PNB
HDFC Bank
None of These


77. _____________ will lend 2317 Crore rupees ($357 million) to 6 companies for 575 megawatts of grid-connected rooftop solar projects under a World Bank programme. SBI already has given approx 12000 Crore as loans in Solar Sector.

  1. India aims to raise renewable energy capacity to 175 gigawatts (GW) by 2022, from 57 GW currently. Solar Energy accounts for 100 GW in that target.
Axis Bank
HDFC Bank
SBI
Kotak Mahindra Bank
None of These


78. State Bank of India has slashed Immediate Payment Service (IMPS) charges up to _______________. New IMPS service charges are -

  1. No charges for transactions under Rs 1000.
  2. INR 1 - Between 1000 - 10,000
  3. INR 2 - Between 10001 - 10000
40 %.
90 %
70 %
80 %
None of These


79. ___________ launched a new product to provide a short-term working capital demand loan to MSME clients, called SME Assist. It would offer loans to MSME customers on basis of their input credit claims under Goods and Services Tax (GST) ?

BOB
PNB
HDFC
KMB
SBI


80. ________ will create a 15,000-sqft innovation center in Navi Mumbai, investing around Rs 100 crore. It will be largest innovation center by any financial services company in India. ?

BOB
PNB
SBI
ICICI Bank
None of These


81. ___________ launched Chatbot Eazy Connect that will extend online customer service to social media platforms. It will be available through social media platforms and is developed to respond to most frequently asked queries ?

Tata AIA Life
ICICI Prudential
LIC
Bajaj Allianz
None of These


82. Telangana and Andhra Pradesh Governor E S L Narasimhan launched first regional language version of ‘GST Rate Finder’ App in ________ .

  1. English version of GST Rate Finder was launched in July 2017 and now telugu version is first regional language version of this app.
Kannada
Telugu
Tamil
Malayalam
None of These


83. Telecom Regulatory Authority of India (TRAI) recommended __________ reduction in carbon emissions in telecom networks by 2022-23 considering 2011-12 as base year in order to make telecom sector greener ?

40%
30 %
20 %
50 %
None of These


84. _____________ launched Bilingual (Hindi and English) Android app  Sahyog to digitise customer-facing banking services such as missed call/SMS-based services, Internet banking, deposit and loan product information, online account opening and online loan application etc. ?

Union Bank of India
Bank of India
United Bank of India
Central Bank of India
None of These


85. __________ signed MoU with Hindustan Petroleum Corporation Ltd (HPCL) for enabling all HPCL retail outlets with BHIM/UPI merchant solutions. It will empower all petrol pumps to accept digital payments ?

SBI
PNB
BOB
Vijaya Bank
None of These


86. Visa tied up with __________ government for Digital Dhan Sankalp project to develop Visakhapatnam into India’s first ‘less cash’ city ?

Telangana
Kerala
Karnataka
Andhra Pradesh
None of These




Score =

Correct answers:



More Quizzes For Category -
More Quizzes For Month -


Month Type