Banking Awareness Quiz for NIACL AO MAINS|25th February 2019

Banking Awareness Quiz for NIACL AO MAINS

Improve your Banking Awareness with Banking quiz. Banking Quiz to help you improve your score for exams like Bank, SSC, Railway and other Government exams.

Q1. The Union Government, Rajasthan and the World Bank signed a _______________________  million Development Policy Loan (DPL) to support Rajasthan in improving the performance of its Electricity Distribution Sector under the State’s ‘24×7 Power for All’ program.

(a) USD 400 million

(b) USD 250 million

(c) USD 500 million

(d) USD 725 million

(e) USD 1200 million

Q2. The Central government and the _____________________ have signed 300 million dollar loan agreements for India Energy Efficiency Scale up Programme.

(a) Asian Infrastructure Investment Bank

(b) New Development Bank

(c) International Monetary Fund

(d) Asian Development Bank

(e) World Bank

Q3. National Bank for Agriculture and Rural Development (NABARD) has sanctioned an amount of Rs 335 crore under the Rural Infrastructure Development Fund (RIDF) to-

(a) Jharkhand

(b) Odisha

(c) West Bengal

(d) Kerala

(e) Rajasthan

Q4. HDFC ERGO, India’s third-largest non-life insurance provider in the private sector, announced the launch of ‘E@Secure’, a Cyber Insurance Policy for individuals. HDFC ERGO is based in-

(a) Mumbai

(b) New Delhi

(c) Chennai

(d) Kolkata

(e) Bengaluru

Q5. The government of India has doubled the monetary limit to _________________ rupees for filing loan recovery application in the Debt Recovery Tribunals (DRT) by banks and financial institutions.

(a) 50 lakh rupees

(b) 60 lakh rupees

(c) 10 lakh rupees

(d) 30 lakh rupees

(e) 20 lakh rupees

Q6. State Bank of India (SBI) has appointed Anshula Kant as Managing Director of the Bank. She has been appointed to the post for 2 years.  With this appointment, SBI now has how many MDs?

(a) three

(b) six

(c) two

(d) one

(e) four

Q7. The Union Government has appointed former Reserve Bank of India governor ________________ as the head of the panel that has been tasked with selecting India’s next chief economic advisor (CEA).

(a) Manmohan Singh

(b) Bimal Jalan

(c) D Subbarao

(d) Raghuram Rajan

(e) YV Reddy

Q8. Who has been appointed as  managing director & CEO of HDFC Bank from 01st January 2019 for a period of three years?

(a) Sandeep Bakhshi

(b) Anshula Kant

(c) PK Gupta

(d) Amitabh Chaudhry

(e) Arijit Basu

Q9. India’s Current Account Deficit (CAD) widened to a four-quarter-high at _______________ of gross domestic product (GDP) in April-June period.

(a) 2.4%

(b) 3.5%

(c) 1.2%

(d) 4.6%

(e) 2.8%

Q10. With concerns being raised on some proposals of the draft e-commerce policy, the government has set up a group of secretaries to look into the issues. The group will be chaired by-

(a) Personal Secretary of Prime Minister

(b) Secretary in Finance Ministry

(c) Secretary in DIPP

(d) Chairman of Niti Aayog

(e) Secretary in Comptroller and Auditor General

Solutions

Ans.1.(b)

Exp. The Union Government, Rajasthan and the World Bank signed a USD 250 million Development Policy Loan (DPL) to support Rajasthan in improving the performance of its Electricity Distribution Sector under the State’s ‘24×7 Power for All’ program.

Ans.2.(e)

Exp. The Central government and the World Bank have signed 300 million dollar loan agreements for India Energy Efficiency Scale up Programme. They signed 220 million dollar Loan Agreement and an 80 million Guarantee Agreement for the Efficiency Scale-Up Program.

Ans.3.(c)

Exp. National Bank for Agriculture and Rural Development (NABARD) has sanctioned an amount of Rs 335 crore under the Rural Infrastructure Development Fund (RIDF) to West Bengal. The fund, alloted in August, would be used for 158 minor irrigation projects and 23 flood protection projects.

Ans.4.(a)

Exp. HDFC ERGO, India’s third-largest non-life insurance provider in the private sector, announced the launch of ‘E@Secure’, a Cyber Insurance Policy for individuals. This policy aims at providing comprehensive protection to individuals and their families against any cyber-attacks, cyber frauds or digital threats that could lead to a financial loss and or reputational loss. HDFC ERGO is a non-life insurance provider in the private sector and its headquarters in Mumbai.

Ans.5.(e)

Exp. The government of India has doubled the monetary limit to 20 lakh rupees for filing loan recovery application in the Debt Recovery Tribunals (DRT) by banks and financial institutions. As per the Finance Ministry, the move is aimed at helping reduce pendency of cases in DRTs.

Ans.6.(e)

Exp. SBI has appointed Anshula Kant as Managing Director of the Bank. She has been appointed to the post for 2 years. Prior this appointment, Kant was the bank’s Deputy Managing Director. With this appointment, SBI now has four MDs – PK Gupta, DK Khara and Arijit Basu.

Ans.7.(b)

Exp. The Union Government has appointed former Reserve Bank of India governor Bimal Jalan as the head of the panel that has been tasked with selecting India’s next chief economic advisor (CEA). The panel will screen the applications received and conduct interviews. The move comes two months after the government sought applications for the post after previous CEA Arvind Subramanian resigned from office.

Ans.8.(d)

Exp. Axis Bank announced that Amitabh Chaudhry has been appointed as its managing director & CEO from January 1, 2019, for a period of three years. Mr. Chaudhry, the MD & CEO of HDFC Standard Life Insurance Company at present, will take the charge at India’s third largest private sector bank after incumbent Shikha Sharma steps down on December 31, 2018. Mr. Chaudhry, 54, has been associated with HDFC Life since January 2010.

Ans.9.(a)

Exp. India’s current account deficit (CAD) widened to a four-quarter-high at 2.4% of gross domestic product (GDP) in April-June period on the back of rising crude oil prices, from 1.9% of GDP in the January-March quarter of 2017-18, according to data released by the Reserve Bank of India (RBI).

Ans.10.(c)

Exp.With concerns being raised on some proposals of the draft e-commerce policy, the government has set up a group of secretaries to look into the issues. The group will be chaired by the secretary in the Department of Industrial Policy and Promotion (DIPP). Ramesh Abhishek is the Secretary of Department Of Industrial Policy & Promotion.

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