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General Knowledge 2016 > April 2016 (Banking + Finance related) > Flashcards

April 2016 (Banking + Finance related) Flashcards

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1
Q

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

A

Consumer

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2
Q

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

A

Saarc Development Fund

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3
Q

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.

A

DBS

Mobile Only Bank

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4
Q

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.

A

Five dollar note

Sir Edmund Hillary

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5
Q

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.

A

Rs 1,000 crore

Wheat

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6
Q

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.

A

Liquidity adjustment facility

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7
Q

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

A

Tslc Pte Ltd.

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8
Q 
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.
A

Islamic Development Bank

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9
Q

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.

A

Cabinet Committee on Economic Affairs (CCEA)

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10
Q

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).

A

Portfolio Investment Scheme

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11
Q

____________ First Entity To Get Payments Bank

Licence From RBI.

A

Bharti Airtel

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12
Q

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

A

Campus Wallet

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13
Q

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

A

BRICS bank

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14
Q

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.

A

UPI (Unified Payment Interface)

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15
Q

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

A

Startups.

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16
Q

The National Stock Exchange (NSE) has launched a

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

A

Nifty MidSmallcap 400

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17
Q

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.

A

Rs 50 lakh

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18
Q

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.

A

Economically Weaker Sections

Prime Minister’s Awas Yojana

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19
Q

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

A

Central Board of Excise and Customs

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20
Q

The Department of Disinvestment has been renamed

as _______________________ or ‘Dipam’.

A

Department of Investment and Public Asset

Management

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21
Q

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

A

Milk and Milk Products

Mobile Phones

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22
Q

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.

A

National Hydroelectric Power Corporation

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23
Q

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

A

Food Subsidy

Rs. 10,000 crore

24
Q

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).

A

Rs. 12,230 crore

25
Q

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.

A

International Standard Book Number

26
Q

The Centre has recommended 1,304 crore rupees for

drought relief to Uttar Pradesh under _______(NDRF).

A

National Disaster Relief Fund

27
Q

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

A

7.5pc’

28
Q

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

A

Carat

29
Q

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 __________.

A

food and vegetable prices

30
Q

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.

A

Dr. Mahesh Sharma

31
Q

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.

A

PhonePe

32
Q

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.

A

Jaiprakash Associates

33
Q

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.

A

Saudi Aramco

34
Q

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

A

Blackstone Group

35
Q

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.

A

Talwandi Sabo Power

36
Q

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

A

Digitsecure

37
Q

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).

A

Bharat Oman Refineries Limited

38
Q

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.

A

Rs 10,000

crore

39
Q

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

A

BPCL

Haldia Dock Complex

40
Q

Full service airline Vistara has entered into a strategic

partnership with _______________.

A

Tata Consultancy Services (TCS)

41
Q

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.

A

Roberto Azevêdo

76th

42
Q

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.

A

$10 billion project

>200 million for natural gas starved countries

43
Q

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

A

Maldives

44
Q 
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.
A

Scunthorpe steel plant

45
Q

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

A

offshore tax evasion

46
Q

India, Afghanistan and Iran have finalized draft of the

__________ on Transport and Transit Corridors.

A

Chabahar Trilateral Agreement

47
Q

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

A

Mauritius

48
Q

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

A

science and technology.

49
Q

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

A

Jim Yong Kim

50
Q

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

A

Arvind

Panagariya

51
Q

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
_______

A

‘Panama Papers’ leak.

52
Q

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.

A

G20 countries

53
Q

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

A

Russia, India and

China

54
Q

NABARD partners Germany for food security initiative

Theme?_______ The program is part of ______

A

“Soil Protection & rehabilitation for food security”

Special initiative”One world, no hunger”

55
Q

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

A

Non-banking finance companies (NBFC)

Harmonizing means to remove arbitrage

56
Q

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

A

Department of industrial policy & promotion,

result of govt efforts to improve the ‘ease of doing business’

General Knowledge 2016 (6 decks)

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