03 January 2017

Banking Awareness Questions for IPPB & NIACL Mains Exam 2017


1. Government allowed NABARD to disburse loan of Rs. 21,000.00 crore in form of concessional refinance to State Cooperative Banks on behalf of District Central Cooperative Banks (DCCBs) in order to enable them to meet crop loan requirements of farmers. It is part of a fund namely STCRC (________________________) Fund for providing concessional short term refinance to Cooperative Banks, with size 45000 Crores for 2016­17 ?
 Short Term Cooperative Rural Credit
 Short Term Concessional Rural Credit
 Simple Term Concessional Rural Credit
 Short Term Combined Rural Credit
 None of These



2. 3.6 Crore Farmers (approx ____________ of farmer population in India) have been provided Crop Insurance under Pradhan Mantri Fasal Bima Yojana (PMFBY) launched in 2016. Sum insured is of Rs. 141339 crores ?
 36.5 %
 46.5 %
 26.5 %
 56.5 %
 None of These

3. According to a United Nations Economic and Social Commission for Asia and the Pacific’s (ESCAP) report, India’s economic growth will be _______ in 2017 ?
 6.2 %
 8.6 %
 6.6 %
 7.6 %
 None of These

4. ____________ merged its wholly owned subsidiary AllBank Finance (ABFL) with itself. ?
 Bank of India
 Canara Bank
 Bank of Baroda
 Corporation Bank
 Allahabad Bank

5. ___________ Government launched Purse mobile application to promote digital transactions. It features 13 mobile banking and 10 mobile wallet options, helping people can pay their bills and carry out their cashless transactions ?
 Telengana
 Odisha
 Andhra Pradesh
 West Bengal
 None of These

6. Asian Development Bank (ADB) lowered its growth forecast for 2016 for Indian economy to _________ , from 7.4% earlier. Growth forecast for 2017 is 7.8%. ?
 7.0%
 6.0%
 6.5%
 5.4%
 None of These


7. Cabinet committee on economic affairs (CCEA) approved Exiting 7 Loss Making Central PSUs (sale of 100 % of Government Equity), including Scooters India, Pawan Hans and Hindustan Newsprint Limited. Government will also sell 26% stake in _______________, reducing its stake from 54% to 28 % ?
 BEL
 Bharat Earth Movers Ltd
 BHEL
 SAIL
 None of These

8. Central Government provided Special Assistance of Rs. 450 crores to ____________ state for 2016­17 ?
 Telengana
 Andhra Pradesh
 Jharkhand
 Chhattisgarh
 None of These

9. Cyber security agency CERT­In cautioned against various attacks on micro ATMs and Point of Sale (POS) terminals, including _____________, Malware Injection. ?
 Skimming
 Phishing
 Hacking
 Fishing
 None of These

10. Department of Industrial Policy & Promotion (DIPP) revised NEIIP (___________________) 2007, for mandatory disbursal of subsidies payable to all industrial units in northeast through Direct Benefit Transfer (DBT) mechanism by Chief Controller of Accounts (Industry) ?
 New East Industrial and Investment Promotion Policy
 New Economic Industrial and Investment Promotion Policy
 Native Economic Industrial and Investment Promotion Policy
 North East Industrial and Investment Promotion Policy
 None of These

11. E­Commerce Firm _________ announced Each one, teach one campaign to encorage users to teach others to use its products , with several prizes including 1 Crore Rs mega Prize ?
 Freecharge
 Mobikwik
 Snapdeal
 PayTm
 None of These


12. Employees Provident Fund Organisation (EPFO) lowered interest rate on provident fund deposits to _____________ for the current fiscal, from 8.8% in 2015­16. ?
 8.75%
 8.65%
 8.55%
 8.45%
 None of These

13. _____________ tied up with Spice Digital for cash management services through bank’s e­collection facility. 20,000 retail outlets of Spice Digital can now remit its cash collection at its branches ?
 HDFC Bank
 SBI
 AXIS Bank
 ICICI Bank
 Federal Bank

14. Government launched Aadhaar Payment App to simplify digital transactions by doing away with need of carrying plastic cards and point of sale machines. It has been developed by _____________ along with UIDAI and National Payments Corporation of India?
 HDFC Bank
 AXIS Bank
 IDFC Bank
 ICICI Bank
 None of These

15. Government launched Lucky Grahak Yojana to encourage consumers and Digi Dhan Vyapar Yojana to encourage merchants for transition to digital payments (USSD, UPI, RuPay and AEPS), launched by NITI (National Institution for Transforming India) Aayog. National Payment Corporation of India (NPCI) will be implementing agency. Digital payments made through credit cards and e­wallets won’t be covered. Incentives will be restricted to transactions within the range of Rs 50 and Rs 3000.
Lucky Grahak Yojana ­ Consumers making payment through digital mode will get chance to win minimum Rs 1000 each every day or Rs 1 lakh per week. 15,000 winners will get cashback prizes of Rs 1000 each every day starting on 25 December 2016 (Christmas) and ending on 14 April 2017 (Babasaheb Ambedkar Jayanthi). On last day of scheme mega prize winner award of ______________ will be announced.
Digi Dhan Vyapar Yojana - This scheme is for prmoting merchants to have POS (Point of Sale) machines for undertaking cashless transactions ?
 Rs 10 Crore
 Rs 1 Crore
 Rs 10 Lakh
 Rs 50 Crore
 None of These


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