BANKING QUIZ -24 For SBI, IBPS Exam 2016

BANKING QUIZ -24 For SBI, IBPS Exam 2016

1 When more than one bank is allowing credit facilities to one party in coordination with each other under a formal arrangement, this arrangement is generally known as___________

Multiple Banking

Syndication

Consortium

Participation

None of these

Ans. Consortium

2 Which deposits are safer than Post Office Schemes as that are covered by the Deposit Insurance and Credit Guarantee Corporation (DICGC)?

Demand Deposit

Fixed Deposit

Flexi-Fixed Deposit

All of the Above

None of these

Ans. Fixed Deposit

3. Expand FATCA as__________.

Forex Account Tax Compliance Act

Foreign Account Total Compliance Act

Forex Account Total Compliance Act

Foreign Account Tax Compliance Act

None of these

Ans. Foreign Account Tax Compliance Act

4. Who among the following decides the volume and value of bank notes to be printed in India?

Security Printing and Minting Corporation of India

SBI

RBI

All of the Above

None of these

Ans. RBI

5 An international financial organization which exchanges messages between banks and financial institutions is known as _________.

SWIFT

RTGS

Base

NEFT

None of these

Ans. SWIFT

6 . The difference between all receipts and expenditure of the Govt. of India, both capital and revenue it is called

Budgetary Deficit

Fiscal Deficit

Income Deficit

Participation

None of these

Ans Budgetary Deficit

7. When a Bank provides a loan for purchase of white goods, it is categorized as _____________

White Goods loan

Consumption loan

Working Capital

Consumer Durable loan

None of these

Ans. Consumer Durable loan

8. What is the full form of ‘FSDC’ according to financial sectors?

Financial Security and Development Council

Financial Security and Development Council

Financial Stability and Development Council

Financial Stability and Development Council

None of these

Ans. Financial Stability and Development Council

9. The difference between the total cost of a project and the sanctioned loan amount is defined as ___________

Near Money

Margin Amount

Gross Income

Hot Money

None of these

Ans. Margin Amount

10. CRAR stands for _________..

Credit Rating Assets Ratio

Credit Rating-Weighted Assets Ratio

Capital to Risk Assets Ratio

Capital to Risk-Weighted Assets Ratio

None of these

Ans. Capital to Risk-Weighted Assets Ratio

                TO CHECK YOU RESULT CLICK ON THE BUTTON    

Read More

DAILY CURRENT AFFAIRS: 16 JULY 2016

DAILY CURRENT AFFAIRS: 16 JULY 2016

(Daily News India)

Shared By: WWW.DailyGk.IN

1.  WORLD YOUTH SKILLS DAY OBSERVED ON 15^TH JULY

i. The World Youth Skills Day is observed globally on 15 July every year.

ii. The day is observed to raise awareness about the importance of investing in youth skills development.

iii. The importance of the Day is to create more awareness on training and the development of skills for the youth of today.

iv. The theme of the day is “Skills Development to Improve Youth Employment”.

2. RBI SETS UP SUDARSHAN SEN-HEADED WORKING GROUP ON FIN TECH AND DIGITAL BANKING

i. The Reserve Bank of India has formed an inter-regulatory Working Group to study the regulatory issues relating to Financial Technology and Digital Banking in India.

ii. The Group will be headed by RBI’s Executive Director Sudarshan Sen and consist of 12 members.

iii. It was formed in view of the growing significance of Fintech innovations and their interactions with the financial sector as well as financial sector entities.

3. MADHYA PRADESH BECOMES FIRST STATE TO APPROVE SETTING UP OF HAPPINESS DEPARTMENT

i. Madhya Pradesh Cabinet gave its approval to set up Happiness Department in the state.

ii. The department will work as knowledge resource centre on the subject of happiness.

iii. Madhya Pradesh became the first state of the country to set up such a Department.

iv. It will prepare guidelines for coordination between different departments for propagating happiness in the state.

4. INDIA AND ADB SIGN 100 MILLION US DOLLAR LOAN AGREEMENT FOR CAUVERY DELTA PROJECT IN TAMIL NADU

i. The Union Government and the Asian Development Bank signed a 100 million US dollars loan agreement to strengthen irrigation and drainage system.

ii. The agreement is signed to improve water management in the Vennar sub-basin of the Cauvery delta in Tamil Nadu.

iii. The project aims to improve existing infrastructure and will provide flood protection and renewed access to irrigation.

iv. Flood forecasting and warning systems will be installed and a flood risks map drawn up to help communities respond more effectively to extreme events.

5. WORLD YOUTH SKILLS DAY 2016 OBSERVED ON 15 JULY

i. The World Youth Skills Day was observed on 15 July 2016.

ii. The theme of the day is Skills Development to Improve Youth Employment.

iii. The day is observed to create more awareness and a discussion on training and the development of skills for the youth.

6. WHO DECLARES INDIA AS MATERNAL AND NEONATAL TETANUS FREE

i. The World Health Organization has declared India as Maternal and Neonatal Tetanus free.

ii. WHO presented certificates to the Union Health and Family Welfare Minister J P Nadda.

iii. India is the first country under the 2012 WHO neglected tropical diseases roadmap to eliminate yaws.

7. 11TH ASEM SUMMIT BEGINS IN ULAANBAATAR, MONGOLIA

i. The eleventh edition of Asia-Europe Meeting Summit or ASEM2016 began in Ulaanbaatar, the capital of Mongolia.

ii. The theme of the Summit is ‘Partnership for the Future through Connectivity‘.

iii. World leaders including from the leaders of 51 member countries and the representatives of European Union and Asian are attending the two day summit.

8. RAKESH KUMAR CHATURVEDI APPOINTED AS CHAIRMAN OF CBSE

i. Senior IAS officer Rakesh Kumar Chaturvedi has been appointed as the new Chairman of the Central Board of Secondary Education .

ii. The appointment was made by the Appointment Committee of the Cabinet headed by Prime Minister Prime Minister Narendra Modi.

iii. Central Board of Secondary Education is a Board of Education for public and private schools, under the Union Government.

9. WHO MOVED MY INTEREST RATE?  BOOK RELEASED AUTHORED BY DUVVURI SUBBARAO

i. A book titled Who Moved My Interest Rate? authored by Duvvuri Subbarao.

ii. He was the former Governor of Reserve Bank of India.

iii. The book gives an account of the dilemmas Subbarao confronted while leading the Reserve Bank through the extraordinary economic and political challenges India and world faced from 2008 to 2013.

10. JUSTICE SHAH HEADED SIT ON BLACK MONEY RECOMMENDS BAN ON CASH TRANSACTIONS ABOVE 3 LAKH RUPEES

i. The Supreme Court-constituted Special Investigation Team  on black money submitted its fifth report to the apex court.

ii. The SIT was headed by retired Justice M B Shah.

iii. The following recommendations have been made:

a.       It has recommended ban on cash transactions above 3 lakh rupees in a day.

b.      It recommended enacting a law to declare such transactions as illegal and punishable.

c.       It also suggested capping the cash holding of an industry or individual at 15 lakh rupees.

11. ARVIND SUBRAMANIAN PANEL CONSTITUTED TO TACKLE PULSES SHORTAGE

i. Union Government constituted a high-level committee to review the minimum support price and bonus for pulses.

ii. The committee will be headed by Chief Economic Adviser Arvind Subramanian.

iii. The panel is formed due to the following reasons:

a.       It will look into various options to frame a long-term policy on pulses to tackle shortage.

b.      It will suggest an appropriate policy to promote cultivation of lentils in India.

c.       It will find the measure to contain the rising prices of pulses in the country.

CURRENT AFFAIRS GK QUIZ BASED ON TODAY’S NEWS

1. “SKILL DEVELOPMENT TO IMPROVE YOUTH EMPLOYMENT “IS THE THEME OF WHICH DAY AND ON WHICH DATE IT IS OBSERVED?

a. 19th July, World Youth Skill Day

b. 15th July, World Youth Skill Day

c. 13th July, World Employment Day

d. None of these

2. THE GROUP OF FINANCIAL TECHNOLOGY AND DIGITAL BANKING IN INDIA IS ESTABLISHED BY WHICH ORGANIZATION OF INDIA?

a. Finance Ministry

b. SEBI

c. IT department of Union government

d. RBI

3. WHO IS THE GOVERNOR OF MADHAYA PRADESH?

a. Ram Naresh Yadav

b. Randeep Singh

c. NK Nair

d. VK Singh

4. WHAT AMOUNT OF LOAN IS SANCTIONED BY ADB TO INDIA FOR “CAUVERY DELTA PROJECT”?

a. $250 million

b. $100 million

c. $150 million

d. $200 million

5. WHO IS THE DIRECTOR GENERAL OF “WORLD HEALTH ORGANIZATION”?

a. DR. MV Chan

b. DR. R Wilensky

c. DR. Anders Nardstrom

d. DR. Margaret Chan

6. WHAT IS THE CURRENCY OF MONGOLIA?

a. Togrog

b. Yuan

c. Yen

d. Dollar

7. “PARTNERSHIP FOR THE FUTURE THROUGH CONNECTIVITY “IS THE THEME OF WHICH OF THE FOLLOWING SUMMITS?

a. G-7 Summit

b. ASEAN Summit

c. ASEM Summit

d. SARRC Summit

8. MR. DUVVURI SUBBARAO , THE AUTHOR OF “WHO MOVED MY INTEREST RATE” HAS BEEN IN WHICH OF THE FOLLOWING DEPARTMENT AND WHAT WAS HIS DESIGNATION?

a. RBI, Deputy Governor

b. RBI, Governor

c. PSU, CEO

d. None of the above

9. WHAT LIMIT OF TRANSACTION OF PER DAY HAS BEEN SET BY BY SIT?

a. Rs 1.5 lakh

b. Rs 1 lakh

c. Rs 2 lakh

d. Rs 3 lakh

10. THE UNION GOVERNMENT CONSTITUTED A COMMITTEE TO TACKLE PULSES SHORTAGE. WHO HEADS THE COMMITTEE?

a. Arvind Subramanian

b. Swami Subramanian

c. Lakshmi Subramanian

d. None of these

ANSWERS:

1. B     2. D     3. A     4. C     5. D     6. A     7. C     8. B     9. D     10. A

Read More

IBPS PO/MT-VI NOTIFICATION IS OUT 2016

IBPS has released the Notification regarding the online examination (Preliminary and Main) for the next Common Recruitment Process for selection of personnel for Probationary Officer/ Management Trainee posts in the Participating Organisations. The Exam is tentatively scheduled in October / November 2016.

Click Here to visit the Official Notification

Read More

DAILY CURRENT AFFAIRS: 15 JULY 2016

DAILY CURRENT AFFAIRS: 15 JULY 2016

(Daily News India)

Shared By: WWW.DailyGk.IN

1. ASHOK PATNAIK IS NATGRID CHIEF

i. The government has appointed Ashok Patnaik as the Chief Executive Officerof the National Intelligence Grid.

ii. The appointment is being seen as the government’s effort to revive the project, which was conceived in the wake of the 2008 Mumbai attacks.

iii. NATGRID is one of the intelligence reforms undertaken in the wake of the Mumbai attacks of November 2008.

iv. NATGRID is a centralised agency which stores sensitive personal information on citizens from almost two dozen agencies to be made available for counter-terror investigations.

2. NEW CENTRAL SCHEME TARGETS SKILLING OF ONE CRORE PEOPLE

i. The Cabinet has cleared the plan of Rs. 12,000-crore  to train 60 lakh youths and certify 40 lakh informally skilled workers over the next four years.

ii. The fund is approved for the  Pradhan Mantri Kaushal Vikas Yojana  which includes a programe  to revive the traditional Guru-Shishya approach to train youth .

 iii. Pradhan Mantri Kaushal Vikas Yojana is the scheme  to enable and mobilize a large number of Indian youth to take up outcome based skill training and become employable and earn their livelihood.

3. HARIKA DRONAVALLI WINS FIDE WOMEN’S GRAND PRIX TROPHY IN CHINA

i. India's Grand Master Harika Dronavalli  won the Fide Women’s Grand Prix trophy in Chendu China.

ii. She defeated Russia’s Olga Girya to win the title.

4. UNION GOVERNMENT LAUNCHES OPERATION ‘SANKAT MOCHAN’ TO EVACUATE INDIAN CITIZENS FROM SOUTH SUDAN

i. The Union Government has started the operation ‘Sankat Mochan’ to evacuate Indian citizens from South Sudan’s capital Juba.

ii. Sankat Mochan in Hindi means reliever from troubles.

iii. The operation is being undertaken by Indian Air Force and will be headed by Union Minister of State (MoS) for External Affairs General (Retd.) VK Singh.

5. CCEA APPROVES DISINVESTMENT OF 15% IN NBCC

i. The Cabinet Committee on Economic Affairs  has approved the disinvestment of 15% paid up equity of National Buildings Construction Corporation Limited .

ii. The disinvestment of 15% will done out of Union Government’s 90% shareholding.

iii. The disinvestment would result in estimated receipts of approximately 1,706 crore rupees to the Government.

6. BSE INTRODUCES 'PAPERLESS SIP'

i. Bombay stock exchange has introduced 'Paperless SIP'  that would allow mutual fund investors to make transactions through various modes of payments.

ii. The additional feature on BSE's mutual fund platform - StAR MF  - would allow MF distributors to register SIPs for their clients, who can pay SIP amounts through various modes.

CURRENT AFFAIRS GK QUIZ BASED ON TODAY’S NEWS

1. WHERE ARE THE HEADQUARTERS OF NATGRID LOCATED AT?

a. Mumbai

b. New Delhi

c. Bangalore

d. Chandigarh

2. NAME THE OFFICIO WHO IS RECENTLY APPOINTED AS CHIEF EXECUTIVE OF NATGRID?

a. Manohar Patnaik

b. Baljeet Patnaik

c. Ashok Patnaik

d. None of these

3. NAME THE SCHEME WHICH IS LAUNCHED BY CENTRAL GOVERNMENT TO ENABLE THE YOUTH TO TAKE UP OUTCOME BASED SKILL AND BECOME EMPLOYABLE?

a. Pradhan Mantri Kaushal Vikas Yojna

b. Pradhan Mantri Budhi  Vikas Yojna

c. Pradhan Mantri Ujjwal Vikas Yojna

d. All of the above

4. WHAT IS THE CAPITAL OF SOUTH SUDAN?

a. Zande

b. Nuer

c. Baka

d. Juba

5. WHICH OPERATION IS LAUNCHED BY UNION GOVERNMENT TO EVACUATE INDIANS FROM SOUTH SUDAN?

a. Airlift

b. Sankat Mochan

c. Raksha Setu

d. Air Evacuation

ANSWERS:

1. B                 2. C                 3. A                 4. D                 5. B

Read More