BANKING AWARNESS AND CURRENT AFFAIRS QUESTIONSFULL MARK: 50 TIMES: 15 MINUTES

1.KYC policy has been actually innovated by (a)Fed Reserve of USA (b) Basel committee(c)RBI(d)GOI, Ministry of Finance(e)None of these2.Which of the following happened to be the first private bank in India to receive an in-principle approval from RBI?(a)HDFC Bank (b)ICICI Bank (c)Yes Bank(d)United Western Bank(e) IndusInd Bank 3.Expand HDFC Bank(a)Housing Development Finance Co-operative Bank(b)Housing Development Finance Corporation Bank(c)Housing Development Finance Capitalization Bank(d)Housing Development Financial Corporation Bank (e) None of these4.When the credit committee corporation was created? (a) 1975 (b) 1972 (c) 1971 (d) 1973 (e) None of these5.The co-operative bank is governed by the banking regulation Act 1949 and co-operative societies Act of (a) 1962 (b) 1963 (c) 1960 (d) 1969 (e) 19656.A scheduled bank must be(a)A corporative or company incorporated by any law in force in any place in India(b)An institution notified by GOI(c)A company as defined by companies act, 2013(d)All of the above(e)None of these7.FD in a commercial bank can be done for a maximum period of (a)15 yrs(b)25 yrs(c)10 yrs(d)No limit(e) None of these8.Which of the following is a third party product often sold by banks? (a) Gift cheques (b) Credit cards (c) Debit cards (d) Mutual funds (e) All of the above9. In index of financial inclusion has been launched for the first time in 2008 by(a)BSE (b)NSE (c)ICRIER (d) CCI (e) None of these10.Which of the following is not a contributing factor to micro-credits?(a) EMI (b) Collaterals (c) KYC norms (d) Pre-payment charges (e) All of the above11.Financial assistance for a sum of Rs. 5,000 can be called as(a)Small finance(b)Micro finance(c)Crazy finance(d)Petty finance(e)None of these12.What is current coverage of bank account of population (approx)?(a)60% (b)80% (c)40% (d) 50% (e) None of these13. Which of the following is related to microfinance? (a) Bimal Jalan committee (b) S Sen committee (c) Narsimhan Committee (d) Malegam committee (e) All of above 14. RRBs are refinanced at (a) 1% below bank rate (b) 2% below bank rate (c) 3% below bank rate (d) 4% below bank rate (e) None of these 15. RRBs are owned by (a) State governments (b) Central government (c) Sponsor bank (d) All of the above (e) None of these 16. RRBs are managed by (a) Board of directors (b) Sponsor bank (c) RBI (d) Central government (e) (b) & (d) both 17. Who is the sole authority for issue of currency in India? (a) GOI (b) RBI (c) (a) & (b) together (d) RBI & SBI (e) None of these 18. The minting of Rs. 10 coin is governed by ______ (a) banking regulation act, 1949 (b) coinage act, 1946 (c) coinage act, 1906 (d) RBI act, 2011 (e) None of these 19. What is the new base year of IIP? (a) 1993-94 (b) 2012-13 (c) 2009-10 (d) 2004-05 (e) None of these 20 .The standard rate at which the RBI buys or rediscount bills of exchange and other commercial paper eligible for purchase under RBI act, is known as _____ (a) Base rate (b) Repo rate (c) Bank rate (d) Reverse repo rate (e) None of these 21. A bank account which does not require any minimum balance is termed as (a) Nil balance account (b) Zero balance account (c) Frill account (d) No Frill account (e) None of these 22. ______ is a cheque or an act or rather an amount of cheque, which is above the balance available in the account of the payer. (a) Overdraft (b) Cross cheque (c) Cross selling (d) Open end (e) None of these 23. ____ is the process of accumulation of interest or money. (a) Accretion (b) Amortization (c) Accrual (d) Arbitrage (e) None of these 24. Which was the first development financial institution integrated with a bank? (a) IDBI (b) IIBI (c) HDFC (d) IFCI Ltd (e) None of these 25. Which of the following trio have been selected for Nobel prize in Physiology or Medicine?(a) John O'Keefe, May-Britt Moser, EI Moser(b) John O'Keefe, Tony Abbot, EI Moser(c) John O'Keefe, Braising Abbot, EI Moser(d) John O'Keefe, May-Britt Moser, Tony Abbot(e) None of these26. 02 Oct, happens to be a holiday for all of us. How and why do we celebrate it?(a)It is the day of Gandhi Ji anniversary.(b)It is the day of Lal Bahadur Shastri anniversary.(c)It is the day of International day of Non-violence(d)Only (a) and (c) is correct(e)All are correct statements.27. Which team won recently concluded Champions League T 20 Trophy?(a) Kolkata Knight Riders(b) Kings XI Punjab(c) Dolphins(d) Chennai Super King(e) None of these28. Who has been recently nominated as the chairperson of Competition Appellate Tribunal (COMPAT)?(a) Justice SK Mathur(b) Justice GS Singhvi(c) Justice SM Krishna(d) Justice RM Lodha(e) None of these

29. As per recent commitment made by USA, gradual entry of our country will start in Wassenaar Arrangement, Australia Group, NSG and MTCR. With which subject Wassenaar Arrangement related?(a) Export controls on arms and dual use items(b) Nuclear fuel import policy(c) Nuclear liability policy formulation(d) International movement of migratory birds(e) None of these

30. World Animal Day is celebrated on ___ Oct, every year.(a) 2(b) 3(c) 4(d) 5(e) None of these31. As per, recently launched Swachh Bharat Abhiyaan, how much amount will every panchayat in our country receive? (In Lakh)(a) 15(b) 20(c) 25(d) 30(e) None of these32. Recently, International Boxing Association, framed serious charges against Boxer Sarita Devi, for having not accepted Bronze Medal at Incheon, the venue for 17th Asian Games. She hails from which State?(a) Nagaland(b) Manipur(c) Sikkim(d) Assam(e) None of these33.Who has been awarded with prestigious Global Diversity Award, 2104?(a) Aamir Khan(b) Salman Khan(c) Shahrukh Khan(d) Hamid Anshari(e) None of these34.Consider following matches. (They all are medalists of 17th Asian Games, 2014)(a) Jitu Rai Shooting(b) Saurav Ghosal Archery(c) Seema Punia Discus Throw(d) Abhishek Verma squash(e) Yogeshwar Dutt Wrestling(i)Only (a), (c), and (e) are correct matches.(ii)Only (a), and (e) are correct(iii)All are correct(iv) Only (a) and (c) are correct35. As per the latest changes in Employee Provident Fund Organisation (EFPO) norms, which of the following statements is correct?(a) The wage ceiling increased to Rs. 15,000 from Rs. 6,500.(b) Maximum sum assured under the Employee deposit linked insurance scheme enhanced to Rs. 3 lakhs.(c) Minimum monthly pension of Rs. 1,000 guaranteed.(d) Only (a) and (b)(e) (a), (b) & (c)36. Where will the next commonwealth games be held in 2018?(a) Pakistan(b) Bangladesh(c) India(d) Australia(e) None of these37. Arranging in descending order of medal tally during 20th commonwealth games, concluded recently, which sequence is correct?(a) Australia, England, Canada, Scotland, India(b) England, Australia, Canada, Scotland, India(c) England, Australia, Scotland, Canada, India(d) Australia, England, Scotland, Canada, India(e) None of these38. What was the mascot of 20th Commonwealth games? The mascot of just concluded FIFA world cup was three-banded Armadillo.(a) Ladies Orchid(b) River Tames(c) Clyde(d) Kangaroo(e) None of these 39. In which sports, India got most numbers of medals in 20th commonwealth games?(a) Weightlifting(b) Shooting(c) Athletics(d) Wrestling(e) Boxing40. Dongfeng 41 is in news. It is a (a) Ballistic missile of China(b) Island between Vietnam and Philippines(c) A Typhoon recently hit Japanese shores(d) Payload of Mars orbiter mission 2020 of NASA(e) None of these1 | Page