April 2016 (Banking + Finance related)

Question 1

RBI’s diktat to ensure faster and effective transmission of its policy rate cuts to borrowers. RBI had asked banks to price fixed rate loans of up to three years based on marginal cost of funds from April 1. _____ Loans became cheap

Answer 1

Consumer

Question 2

Small Industries Development Bank of India (SIDBI)
and _________ (SDF) has signed a
Memorandum of Understanding (MOU) for mutual
cooperation and collaboration.

Answer 2

Saarc Development Fund

Question 3

The Singapore’s largest bank, _____has unveiled the
‘___________’ in India. The ‘digibank’ uses
technologies, such as bio metrics and artificial
intelligence, to enable paperless, signature less and
branch less bank. This is the India’s 1st mobile only
bank which targeting 5 million retail customers.

Answer 3

DBS

Mobile Only Bank

Question 4

New Zealand’s _____________ has been named the
banknote of the year for 2015 by the International
Bank Note Society.
The $5 note has featured mountaineer __________ and on the other side, a rare yellow-eyed penguin and local flora.

Answer 4

Five dollar note

Sir Edmund Hillary

Question 5

National Bank for Agriculture and Rural Development
(Nabard) has sanctioned a loan of ________ to
Haryana State Warehousing Corporation (HSWC) for
purchase of _________ during the ongoing rabi marketing
season.

Answer 5

Rs 1,000 crore

Wheat

Question 6

RBI today cuts the Repo rate under the ______ (LAF) by 25 basis points to 6.5% in its first bi-monthly monetary policy review for the 2016-17 fiscal and kept the Cash Reserve Rate (CRR) unchanged.

Answer 6

Liquidity adjustment facility

Question 7

India’s first cash giving app has launched by a fin-tech
company called ________ The app is named as
CASHe.

Answer 7

Tslc Pte Ltd.

Question 8

India has signed a memorandum of understanding
with the\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_(IDB) for a possible $100 million line of credit to simplify exports to IDB’s member countries.

Answer 8

Islamic Development Bank

Question 9

The_______________________ cleared conversion of Working Capital Term Loan (WCTL) of Bank of Baroda’s (BoB) 29.91 crore rupees loan to Andrew Yule & Co. Ltd. (AYCL) into equity shares.

Answer 9

Cabinet Committee on Economic Affairs (CCEA)

Question 10

Federal Bank, the Indian Banking major in the private
sector, entered into a strategic partnership with
Phillip Capital (India) Pvt. Ltd, a subsidiary of the
Singapore headquartered Phillip Capital group, for
managing NRI ____________(PIS).

Answer 10

Portfolio Investment Scheme

Question 11

____________ First Entity To Get Payments Bank

Licence From RBI.

Answer 11

Bharti Airtel

Question 12

Federal Bank has tied up with Chillar Payment
Solutions Pvt. Ltd. to promote the start-up’s
technology product ‘___________’.

Answer 12

Campus Wallet

Question 13

The New Development Bank (NDB), commonly
known as ____________, has sanctioned its first batch of loans, including $250 million to India’s renewable
energy projects.

Answer 13

BRICS bank

Question 14

Financial Software & Systems Pvt. Ltd. (FSS), a
Chennai-based payments technology and transaction
processing company, has inked agreements with six
banks to provide______________
solution across the country on a hosted platform.

Answer 14

UPI (Unified Payment Interface)

Question 15

The RBL Bank (formerly Ratnakar Bank) became the
first private sector bank in India to open dedicated
branch for _________

Answer 15

Startups.

Question 16

The National Stock Exchange (NSE) has launched a

new index ________. It will represent the mid and small market capitalization segments of the stock market.

Answer 16

Nifty MidSmallcap 400

Question 17

The government has issued a new set of income tax
return (ITR) forms that require people with an
income of _______ and above per annum to disclose their assets.

Answer 17

Rs 50 lakh

Question 18

The government of India has approved an investment
of Rs.9,005 crore for construction of 73,205 more
houses for ________________(EWS) in urban under ______________(PMAY) in the States of Maharashtra, Punjab and Jammu & Kashmir.

Answer 18

Economically Weaker Sections

Prime Minister’s Awas Yojana

Question 19

The ______________ (CBEC) has issued a notification mentioning that safeguard duty will be reduced to 10% in stages till 2008 from current 20%.

Answer 19

Central Board of Excise and Customs

Question 20

The Department of Disinvestment has been renamed

as _______________________ or ‘Dipam’.

Answer 20

Department of Investment and Public Asset

Management

Question 21

India has banned import of______________,
certain ____________ and a few other items from
China after finding them sub-standard or not
following security codes.

Answer 21

Milk and Milk Products

Mobile Phones

Question 22

The GOI has started the disinvestment process of the current fiscal as the GOI has planned to sell its 11.36% equity shares in the ________ (NHPC) at Rs.21.75. This disinvestment is likely to raise about Rs. 2,700 crores.

Answer 22

National Hydroelectric Power Corporation

Question 23

The Government has released Rs. 25,834 crore to FCI
as _________. In addition to this, wage and means
advance of ____________ will be released shortly.

Answer 23

Food Subsidy

Rs. 10,000 crore

Question 24

The Ministry of Rural Development has released a
central share of __________ to the states for
implementation of its flagship programmes under the
Mahatma Gandhi National Rural Employment
Guarantee Act (MGNREGA).

Answer 24

Rs. 12,230 crore

Question 25

The Union Human Resource Development Minster Smriti Irani has launched a portal for registration and allotment of _________________ (ISBN) at a function held in New Delhi.

Answer 25

International Standard Book Number

Question 26

The Centre has recommended 1,304 crore rupees for | drought relief to Uttar Pradesh under _______(NDRF).

Answer 26

National Disaster Relief Fund

Question 27

International Monetary Fund (IMF) has declared the India's growth is projected to notch up to_______ in 2016-17.

Answer 27

7.5pc'

Question 28

According to agency ____, India's 2016 advertising growth rate will be the fastest at 12%, which is ahead of global average of 4.5%.

Answer 28

Carat

Question 29

Continuing the deflationary trend for 17th month, WPI inflation was at (-)0.85 per cent in March but may inch up gradually in the coming months on growing pressure on __________.

Answer 29

food and vegetable prices

Question 30

Minister of State for Culture and Tourism ________ released a memorial Coin of Rs. 200/- and a Circulation Coin of Rs. 10/- on Tatya Tope on the occasion of his Martyr Day in New Delhi.

Answer 30

Dr. Mahesh Sharma

Question 31

India’s largest e-commerce company Flipkart has acquired ________, a Bengaluru-based mobile payments company, which was co-founded by ex- Flipkart employees Sameer Nigam and Rahul Chari.

Answer 31

PhonePe

Question 32

UltraTech Cement, a part of the Aditya Birla group, agreed to buy ___________' 21.2 million tonnes per annum (mtpa) cement capacity for Rs 15,900 crores.

Answer 32

Jaiprakash Associates

Question 33

Saudi Oil giant ________, the world’s largest oil firm with crude reserves of about 265 billion barrels, plans to make major investment in India’s petroleum sector as it considers India the most preferred destination to invest at a time when the global economy is in a crisis.

Answer 33

Saudi Aramco

Question 34

____________ has announced that it is buying Hewlett Packard Enterprise Co.’s majority stake in Indian outsourcing firm Mphasis Ltd.

Answer 34

Blackstone Group

Question 35

Mining conglomerate Vedanta said its subsidiary ______________ (TSPL) has set the Guinness World Record for planting 2,08,751 saplings at a single location in less than an hour.

Answer 35

Talwandi Sabo Power

Question 36

Smartphone maker BlackBerry, in partnership with digital payments platform__________, has launched its money transfer service, called BBM Money, in India.

Answer 36

Digitsecure

Question 37

The Union Cabinet chaired by PM Narendra Modi has given its approval to state owned Bharat Petroleum Corporation Limited (BPCL) to invest Rs. 3,000 in __________________ (BORL).

Answer 37

Bharat Oman Refineries Limited

Question 38

Patanjali Ayurved, the FMCG venture promoted by yoga guru Ramdev, will invest over Rs 1,150 crore in the current fiscal to set up six processing units and one R&D center as it chases a turnover of ______ this year.

Answer 38

Rs 10,000 | crore

Question 39

The state owned fuel retailer __________ has got the environment clearance nod for its 694 crore rupees LPG project in___________ in West Bengal.

Answer 39

BPCL Haldia Dock Complex

Question 40

Full service airline Vistara has entered into a strategic | partnership with _______________.

Answer 40

Tata Consultancy Services (TCS)

Question 41

India has formally ratified the WTO’s Trade Facilitation Agreement, which aims at easing customs procedures to boost commerce. In this regard, India’s WTO ambassador Anjali Prasad handed over the instrument of acceptance to WTO Director-General ______. India is the___WTO member to ratify the TFA.

Answer 41

Roberto Azevêdo 76th

Question 42

Shareholders of the Turkmenistan- Afghanistan- Pakistan-India (TAPI) Pipeline Company Limited signed an agreement to invest $200 million in studies and engineering for the _________ to transport natural gas to energy-hungry countries like India.

Answer 42

$10 billion project | >200 million for natural gas starved countries

Question 43

India and __________ have signed six agreements in different sectors to boost bilateral relations between both maritime neighbouring countries.

Answer 43

Maldives

Question 44

``` Tata Steel, the country’s largest steel producer, has signed an agreement to sell the loss-making 4.5- million tonne (mt) long-product __________ in Britain to UK-based investment firm Greybull Capital. ```

Answer 44

Scunthorpe steel plant

Question 45

India and the US have agreed to enhance collaboration on tackling __________ and increase cooperation in sharing of cross-border tax information.

Answer 45

offshore tax evasion

Question 46

India, Afghanistan and Iran have finalized draft of the | __________ on Transport and Transit Corridors.

Answer 46

Chabahar Trilateral Agreement

Question 47

India and _________ have signed an MoU on cooperation in the field of traditional system of medicine and Homoeopathy.

Answer 47

Mauritius

Question 48

A Sri Lankan university will sign a (MoU) with Japan and India on trilateral collaboration in ___________

Answer 48

science and technology.

Question 49

World Bank Group President ________ and Asian Infrastructure Investment Bank President Jin Liqun signed the first co-financing framework agreement between the two institutions.

Answer 49

Jim Yong Kim

Question 50

NITI Aayog chaired by Vice Chairman Dr _____ has launched the Urban Management Programme in Vigyan Bhawan, New Delhi

Answer 50

Arvind | Panagariya

Question 51

India participated in a special meeting of the Organisation for Economic Co-operation and Development (OECD) in Paris to firm up cooperation between countries in the wake of the _______

Answer 51

'Panama Papers' leak.

Question 52

The _______ meeting of its Finance Ministers and Governors of Central Banks on the sidelines of the annual Spring Meeting of the IMF and the World Bank at Washington.

Answer 52

G20 countries

Question 53

14th meeting of Foreign Ministers of ________ held in Moscow.

Answer 53

Russia, India and | China

Question 54

NABARD partners Germany for food security initiative | Theme?_______ The program is part of ______

Answer 54

"Soil Protection & rehabilitation for food security" | Special initiative"One world, no hunger"

Question 55

RBI to simplify registration for ____. Harmonizing the process, meaning____

Answer 55

Non-banking finance companies (NBFC) | Harmonizing means to remove arbitrage

Question 56

FDI inflows hit record $51 billion in Apr-Feb last fiscal, according to DIPP__________. The complex procedures & delays are being gradually dismantled

Answer 56

Department of industrial policy & promotion, | result of govt efforts to improve the 'ease of doing business'