Banking Awareness Quiz|26th March 2019

Banking Awareness Quiz for LIC AAO/SBI PO MAINS

Q1. NABARD has joined hands with which bank to provide collateral-free credit through Joint Liability Groups in Telangana?

(a) BOB

(b) ICICI Bank

(c) SBI

(d) Axis Bank

(e) PNB

Q2. The Government of India has signed a loan deal worth USD 200 million with the World Bank for-

(a) APY

(b) PMKSY

(c) NIRVAAN

(d) POSHAN

(e) ATAL

Q3. Under project ‘SASHAKT’ an asset management company/alternative investment fund (AIF)-led resolution approach to deal with NPA cases of more than-?

(a) Rs 100 crore

(b) Rs 200 crore

(c) Rs 300 crore

(d) Rs 400 crore

(e) Rs 500 crore

Q4. The government was announced a scheme for informants of benami transactions under which an individual can get a reward of up to _____________ for providing information to the tax authorities.

(a) Rs.1 crore

(b) Rs.7 crore

(c) Rs.4 crore

(d) Rs.10 crore

(e) Rs.5 crore

Q5. NITI Aayog presented India’s Voluntary National Review Report on the implementation of the-

(a) UN Member Countries

(b) International Review of Progress

(c) Sustainable development Goals

(d) All of the above

(e) None of the given options is true

Q6. Which Bank has entered into an agreement with CDSL Commodity Repository Limited (CCRL) and it is first Public Sector Bank to become the Repository Participant for Pledge Finance under the Repository Ecosystem for registered/accredited warehouses by WDRA?

(a) Bank of India

(b) State Bank of India

(c) Union Bank of India

(d) Bank of Baroda

(e) Punjab National Bank

Q7. An emerging market economy is highly classified with relatively- one in which the country is becoming a developed nation and is determined through many socio-

(a) Growth factors

 

 

(b) GDP factors

(c) commercial factors

(d) external factors

(e) economic factors

Q8. The Reserve Bank of India has asked banks authorised to deal in foreign exchange (Authorised Dealer-I Banks) to share data with-?

(a) Ministry of Finance

(b) Securities and Exchange Board of India

(c) Directorate of Revenue Intelligence

(d) Intelligence Bureau

(e) Comptroller and Auditor General of India

Q9. Survey points out for the first time in India’s history that five States Maharashtra, Gujarat, Karnataka, Tamil Nadu and Telangana account for a whopping ___________________ of India’s exports.

(a) 50%

(b) 80%

(c) 70%

(d) 40%

(e) 60%

Q10. The government will take steps to boost exports of agriculture commodities which have the potential of reaching _____________ billion.

(a) $100 billion

(b) $500 billion

(c) $200 billion

(d) $700 billion

(e) $1500 billion

 

 

Solution

Ans.1.(c)

Exp. SBI and Nabard tie-up for credit in Telangana. State Bank of India and National Bank for Agriculture and Rural Development have joined hands to provide collateral-free credit through Joint Liability Groups inTelangana.

Ans.2.(d)

Exp. The Government of India signed a loan deal worth USD 200 million with the World Bank for the National Nutrition Mission (POSHAN Abhiyaan). The POSHAN Abhiyaan, an overarching scheme for holistic nourishment, was launched by Prime Minister Narendra Modi in March this year at Jhunjhunu, Rajasthan.

Ans.3.(e)

Exp. Project “Sashakt” aims to strengthen the credit capacity, credit culture and credit portfolio of public sector banks. The committee has set a five-prong strategy towards resolution of stressed assets. ‘SASHAKT’ stands for strengthening and the whole objective was to strengthen the credit capacity, credit culture and portfolio of public sector banks. The AMC will be set up by state-run banks for resolution of loans above Rs 500 crore.

Ans.4.(a)

Exp. The government announced a scheme for informants of benami transactions under which an individual can get a reward of up to ?1 crore for providing information to the tax authorities. “Under the Benami Transactions Informants Reward Scheme 2018, a person can get reward [of] up to ?1 crore for giving specific information in prescribed manner to the Joint or Additional Commissioners of Benami Prohibition Unit (BPU) in Investigation Directorates of Income Tax Department about benami transactions and properties as well as proceeds from such properties which are actionable under Benami Property Transactions Act, 1988, as amended by Benami Transactions (Prohibition) Amendment Act, 2016.

Ans.5.(c)

Exp. As a signatory to the 2030 Agenda for Sustainable Development, India is committed to participate in the international review of progress of Sustainable development Goals (SDGs) on a regular basis. NITI Aayog presented India’s Voluntary National Review Report on the implementation of the Sustainable development Goals (SDGs).

Ans.6.(d)

Exp. Bank of Baroda has entered into an agreement in May 2018 with CDSL Commodity Repository Limited (CCRL). Bank of Baroda is the first Public Sector Bank to become the Repository Participant for Pledge Finance under the Repository Ecosystem for registered / accredited warehouses by WDRA.

Ans.7.(e)

Exp. An emerging market economy is highly classified with relatively – one in which the country is becoming a developed nation and is determined through many socio- economic factors.

Ans.8.(c)

Exp. The Reserve Bank of India has asked banks authorised to deal in foreign exchange (Authorised Dealer-I Banks) to share data with the Directorate of Revenue Intelligence (DRI).

Ans.9.(c)

Sol. Survey points out for the first time in India’s history that five States Maharashtra, Gujarat, Karnataka, Tamil Nadu and Telangana account for a whopping 70 % of India’s exports.

Ans.10.(a)

Exp. The government will take steps to boost exports of agriculture commodities which have the potential of reaching $100 billion. The country’s agricultural exports are around $30 billion at present.

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