Banking Awareness Test Questions - Set 9 Part - 1

(Note:-Answer are in Bold Letter Please Chek It !!)

1)   On which day the New Development Bank (NDB) floated by the BRICS nations, including India started its operations at its headquarters in Shanghai?

a. 20th July’15
b. 1st July’15
c. 21st July’15
d. 19th July’15


2)   On 21st July’15 the Supreme Court rejected plea of applicants for OBC status in Bank PO exam. The applicants belong to which community?

a. Bengali
b. Marwari
c. Gurjar
d. Jaat


3)   Who cancelled Sahara Mutual Fund license on 28th July’15?

a. Supreme Court
b. SEBI
c. BSE
d. CRISIL



4)   With which bank, the Government of India on 28th July’15 signed a $300 million loan to support the government’s flagship program, the National Urban Health Mission (NUHM)?

a. Asian Development Bank
b. World Bank
c. BRICS Bank
d. European Central Bank



5)   Which of the following banks has launched the India's first mortgage guarantee-backed home loan product ‘Extraa Home Loan’?

a. State bank of India
b. Bank of Baroda
c. ICICI Bank
d. HDFC Bank



6)   Name the micro finance company that becomes the first to start operation as a commercial bank?

a. PayTm Bank
b. Vodafone m-Pesa Bank
c. Yes Bank
d. Bandhan Bank


7)   For which of the following Income Tax Department has to open special return counters?

a. Defence Personnel, Salaried Tax Payers & Pensioners
b. Salaried Tax Payers, Defence Personnel & Differently-abled Persons
c. Pensioners, Salaried Tax Payers & Differently-abled Persons
d. Salaried Tax Payers, Pensioners & Differently-abled Persons


8)   Name the committee to recommend that granting relief to FIIs on Minimum Alternate Tax (MAT) will be a positive thing for the market?

a. C Rangarjan Committee
b. Bimal Jalan Committee
c. AP Shah Committee
d. K N Desai Committee


9)   Who is the head of the committee that recommended conversion of Urban Cooperative Banks (UCBs) with business size of 20,000 crore rupees or more into regular banks?

a. Bibek Debroy
b. Raghuram Rajan
c. R Gandhid. U K Sinha



10)   How many payment banks received in-principle approval by the Reserve bank of India?

a. 3
b. 4
c. 6
d. 11


11)   With which country India has signed a Memorandum of Understanding (MoU) to tackle the menace of fake Indian currency notes (FICN) smuggling in Aug’15?

a. Myanmar
b. China
c. Pakistan
d. Bangladesh


12)   Which bank has launched the fist contactless debit, credit and multi-currency forex card?

a. Axis Bank
b. ICICI Bank
c. HDFC Bank
d. SBI



13)   Who has been appointed as the MD and CEO of Bank of Baroda by the government?

a. P S Jayakumar
b. Jaykumar Sharma
c. Shiv Pal Sharma
d. Ajay Shankar



14)   Who has been appointed as the MD and CEO of Canara Bank by the government?

a. M S Dhir
b. Rakesh Sharma
c. Rajesh Dhariwal
d. Sanjay Shah



15)   Name the initiative launched by the Finance Minister Arun Jaitely to revamp functioning of public sector banks, PSBs on 14th Aug’15?

a. Seven Plan
b. Maulik Niti
c. BankNiti
d. Indradhanush


16)   Name the body of 'eminent' professionals and officials, which will replace the Appointments Board for appointment of Whole-time Directors as well as non-Executive Chairman of PSBs?

a. NITI Aayog
b. NIYATAM
c. Bank Board Bureau
d. Bureau of Banking Standards


17)   Who has allowed banks to tie up with insurers, to sell three products each from life, non-life and standalone health insurance segment?

a. RBI
b. SIDBI
c. NABARD
d. IRDAI


18)   The Reserve Bank of India will transfer its surplus profit of 65,896 crore rupees to the Centre. This amount is ___ percent higher than previous year.

a. 5%
b. 19%
c. 25%
d. 33%



19)   Which of the following got accredited by the Green Climate fund as a national implementing entity for undertaking climate change related projects in India?

a. SIDBI
b. NABARD
c. MUDRA
d. EPFO


20)   On 8th Aug’15 which bank has reported a 51% decline in its net profit to 256.7 crore rupees for the first quarter ended June 30 against the same quarter last fiscal?

a. PNB
b. UCO Bank
c. Allahabad Bank
d. Union Bank of India