15 April 2017

Banking Awareness Questions (March 2017) for SBI PO Exam 2017


1. Airline ___________ announced partnership with cab aggregator Uber to book airport cabs through Its app ?
 Jet Airways 
 SpiceJet
 Air India
 Indigo
 None of These 
( Ans - 1)


2. Airtel acquired 4G business of ______________ including Broadband Wireless Access (BWA) business for 1600 crores. Now Airtel will be second company after Reliance Jio to have pan-India presence in 2300 Mhz band ?
 BSNL
 MTNL
 Tikona Networks 
 DEN Broadband
 None of These 
( Ans - 3)


3. Asian Development Bank (ADB) signed __________ million loan with India for improving 1,500 kilometers of major district roads in Madhya Pradesh ?
 $450 
 $250 
 $150 
 $350 
 None of These 
( Ans - 4)


4. ____________ signed agreement with payment solution provider Avenues India Pvt Ltd, to improve customer service ?
 Axis Bank
 Yes Bank
 HDFC Bank
 SBI
 Bandhan Bank 
( Ans - 5)


5. _________ opened it’s 2000th Branch in Tirupati (Andhra Pradesh) ?
 Bank of Maharashtra
 Dena Bank
 Vijaya Bank 
 Central Bank of India
 None of These 
( Ans - 3)


6. Cabinet Committee on Economic Affairs (CCEA) approved Indian Oil Corporation Limited (IndianOil) to sell its _________ equity in Lubrizol India Private Limited (LIPL) to Lubrizol Corporation, USA.?
 24 % 
 42 %
 28 %
 92 %
None of These 
( Ans - 1)



7. Cabinet Committee on Economic Affairs (CCEA) approved Policy for Early Monetization of CBM (Methane obtained from Coal Mines) Gas Marketing and Pricing Freedom for CBM (_______________________) Gas. It provides marketing and pricing freedom to CBM Contractors to sell CBM at Arm’s Length Price in domestic market ?
 Carbon Bed Methane 
 Coal Bed Methane 
 Coal Bed Mutual 
 Coal Bought Methane 
 None of These 
( Ans - 2)


8. Cabinet approved 4 GST Bills, to step up towards implementing GST from July 1, 2017. Bills are -
CentralGST - It provides for levy and collection of tax on intra-state supply of goods / services by Central Government.
iGST - It makes provisions for levy and collection of tax on inter-state supply of goods / services by Central Government.
UTGST - Similar to States Goods and Services Tax (SGST) which shall be levied and collected by States/Union Territories on intra-state supply of goods / services.
Compensation Bill -It provides for compensation to the states for loss of revenue arising due to implementation of goods and services tax for 5 years as per section 18 of Constitution (One Hundred and First Amendment) Act 2016.
Additionally, central government has been empowered to impose additional tax of up to ___________________ on inter-state supply of goods for 2 years.
 1 % 
 5 %
 7 %
 2 %
None of These 
( Ans - 1)


9. Canara HSBC Oriental Bank of Commerce life insurance company launched ____________ term plan to expand its online product suit with family protection, providing enhanced protection cover for family at an affordable premium ?
 iSelect
 iConnect
 iPlan
 iCare
 None of These 
( Ans - 1)


10. Commerce and Industry Minister Nirmala Sitharaman launched TIES (_____________), for developing export linked infrastructure in states to promote exports.
A Committee for sanctioning and monitoring of the project will be set up, to be headed by commerce secretary (Rita Teaotia currently).
Beneficiaries - All central and state agencies including Commodities Boards, Export Promotion Councils, SEZ authorities and Apex Trade Bodies recognised under EXIM policy of Central Government are eligible for financial support.
Funding - Cost of projects will be equally shared by Centre and states. Centre will borne 50% of total equity in project, except in case of projects in north-eastern and Himalayan states, where Centre may bear 80% of cost.
 Trade Infrastructure for Expert Scheme
 Total Infrastructure for Export Scheme
 Trade Infrastructure for Export Schedule
 Trade Infrastructure for Export Scheme
 None of These 
( Ans - 4)


11. Competition Commission of India (CCI) approved demerger of _________ wireless division into Aircel and Dishnet Wireless Ltd ?
 Airtel
 Vodafone
 Idea
 Reliance Communications 
 None of These 
( Ans - 4)



12. HUDCO (________________) received Securities and Exchange Board of India’s (SEBI) approval to raise funds through an IPO (Initial Public Offering) ?
 Housing and Under Development Corp
 Housing and Urban Development Corp
 Housing and Urban Deployment Corp
 Housing and Urban Development Centre
 None of These 
( Ans - 2)


13. E-commerce firm ________________ launched new program for sellers to get insights and help related to goods and services tax - A-Z GST Guide. It provides resources in the form of tutorials, blogs, and free online training sessions ?
 PayTm
 Snapdeal
 Flipkart
 eBay
 Amazon India 
( Ans - 5)


14. ESAF Microfinance Company issued Commercial Papers (CP) worth Rs 330 crore, that can be subscribed by Private Sector Banks and NBFCs. ESAF Microfinance is also the first company from ____________ to open a Small Finance Bank ?
 Kerala 
 Karnataka
 Tripura 
 Telangana
 None of These 
( Ans - 1)


15. ___________ launched SheLeadsTech programme to mentor start-ups founded by women by giving them access to year-long program that provides tools and resources ?
 Finane Ministry
 MSME
 Google
 Facebook 
 None of These 
( Ans - 4)


16. Fair trade regulator Competition Commission of India (CCI) imposed penalty of 591 crores on ______________ and its subsidiaries for violating Competition Act by imposing unfair conditions in Fuel Supply Agreements (FSAs) with power producers for supply of non coking coal ?
 SAIL
 GAIL
 Coal India
 BHEL
 None of These 
( Ans - 3)


17. Few banks, including ICICI, Axis and HDFC will charge penalty of minimum Rs ___________ on cash withdrawals and deposit at bank branches after four free monthly transactions. It is aimed at discouraging cash transactions and promoting digital payments ?
 200
 150 
 250
 350
 None of These 
( Ans - 2)


18. Finance Minisry approved re-organisation of field formations of Central Board of Excise & Customs (CBEC) for implementation of Goods & Services Tax (GST). CBEC will be renamed as CBIC (___________________) after approval. ?
 Central Board of Individual Taxes and Customs 
 Central Board of Indirect Taxes and Customs 
 Central Board of Indirect Trade and Customs 
 Central Board of Institutional Taxes and Customs 
 None of These 
( Ans - 2)


19. Finance Ministry allowed Reserve Bank of India (RBI) to conduct trials of plastic (polymer-based) currency notes of Rs __________ denominations in 5 cities ?
 20
 50
 100
 10 
 None of These 
( Ans - 4)


20. Finance Ministry approved public sector banks (PSBs) to offer ESOPs (___________________) to their employees from FY 2017-18. It will help PSBs to motivate employees to work towards strengthening financial status of their banks so that their share value rises ?
 Employee Stock Option plans 
 Employer Stock Option plans 
 Employee Shared Option plans 
 Employer Shared Option plans 
None of These 
( Ans - 1)


21. Finance Ministry lowered interest rates on all small saving schemes by __________________ for April-June 2017 - 18 quarter. These schemes amd their updated interest rates are -
Public provident fund (PPF) - 7.9 %
National Savings Certificate (NSC) - 7.9 %
Kisan Vikas Patra - 7.6 %
Sukanya Samriddhi Account - 8.4 %
Senior Citizens Savings Scheme - 8.4 %
Term deposits of 1-5 years - 6.9 - 7.7 %
5-year recurring deposit has been pegged lower at 7.2%.
 0.1 % 
 0.6 % 
 0.9 % 
 0.4 % 
 None of These 
( Ans - 1)


22. Branches of ____________ and 5 SBI Associate Banks will operate under State Bank of India (SBI), from April 1, 2017 ?
 Dena Bank
 Bharatiya Mahila Bank
 Bank of Maharashtra 
 South Indian Bank
 None of These
( Ans - 2)


23. Government announced that approx ___________ debit cards were subjected to malware attack through ATMs that were connected with switch of Hitachi ?
 2 Crore
 9 lakh 
 2 lakh 
 29 lakh 
None of These 
( Ans - 4)


24. Government approved ________ additional Dearness allowance for Central government employees and Dearness relief for pensioners. ?
 8 %
 6 %
 5 %
 20 %
 2 % 
( Ans - 5)


25. Government approved amendments in National Bank for Agriculture and Rural Development Act 1981 -
Increase authorized capital of NABARD from Rs. 5,000 crore to Rs. ______________ and further if needed.
Transfer of 0.4% equity of RBI in NABARD amounting to Rs. 20 crores to Government.
 10,000 crore 
 20,000 crore 
 30,000 crores 
 40,000 crore 
 None of These 
( Ans - 3)



26. Government approved establishing Fund of Funds of Start-ups (FFS) with total corpus of Rs ___________ ?
 10000 crores 
 1000 crores 
 20000 crores 
 5000 crores 
 None of These 
( Ans - 1)


27. Government approved special financial assistance for bifurcated _____________, as special dispensation in funding of Externally Aided Projects (including irrigation component of Polavaram project).
 Assam
 Andhra Pradesh
 Karnataka 
 Goa
 None of These 
( Ans - 2)


28. _______________ launched electronic virtual assistant (EVA), India’s first artificial intelligence-driven banking chatbot, for customer services. It can answer millions of customer queries across multiple channels instantly ?
 Yes Bank 
 Axis Bank
 HDFC Bank 
 Kotak Mahindra Bank 
 None of These 
( Ans - 3)


29. _______________ recently launched India’s first life insurance chatbot Haptik to help users choose most suitable life insurance plans ?
 Policy Bazaar
 IRDAI
 Max Health Insurance 
 LIC
 HDFC Life 
( Ans - 5)


30. ___________ launched instant digital Loan Against Securities (LAS) facility in collaboration with National Securities Depository Ltd.(NSDL) ?
 Yes Bank
 ICICI Bank
 HDFC Bank 
 Kotak Mahindra Bank
 None of These 
( Ans - 3)


31. ___________ launched Mera iMobile as India’s first one stop banking app for range of digital services for rural customers ?
 Yes Bank
 HDFC Bank
 Axis Bank
 ICICI Bank 
 None of These 
( Ans - 4)


32. ___________ became first bank in India to launch biometric-based payment system Aadhaar Pay through its network to enable merchants to receive payments from customers without any physical payment instrument. To pay, customer has to select bank’s name and enter Aadhaar number ?
 HDFC Bank
 IDFC Bank
 Axis Bank
 ICICI Bank
 None of These 
( Ans - 2)


33. India signd USD ___________ loan agreement with World Bank for Uttarakhand Health Systems Development Project ?
 100 Million 
 10 Million 
 200 Million 
 250 Million 
 None of These 
( Ans - 1)


34. India signed its first loan agreement with New Development Bank (BRICS Bank), as _________ credit for development of district roads in Madhya Pradesh ?
 $500 million 
 $450 million 
 $250 million 
 $150 million 
 $350 million 
( Ans - 5)


35. Indian Renewable Energy Development Agency (IREDA) approved loans of __________ Rupees for clean energy projects in FY18, that plays major role in reducing pollution ?
 23000 Crores
 13000 Crores 
 15000 Crores
 28000 Crores
 None of These 
( Ans - 2)


36. State Bank of India (SBI) has incorporated SBIIMS (_________________) to manage its premises and estate related matters ?
 SBI Infra Management Solutions Pvt. Ltd
 SBI Infra Mutual Solutions Pvt. Ltd 
 SBI Inter Management Solutions Pvt. Ltd 
 SBI Intra Management Solutions Pvt. Ltd 
 None of These 
( Ans - 1)


37. ___________ accquired 100% stake in IL& FS Securities Services Ltd (ISSL) ?
 Yes Bank
 HDFC Bank
 Axis Bank
 ICICI Bank
 IndusInd Bank 
( Ans - 5)



38. Insurance Regulatory and Development Authority of India (IRDAI) proposed increasing insurance premium to ______________ for cars, motor cycles as well as commercial vehicles from April 1, 2017 ?
 50 % 
 60 %
 40 %
 35 %
 None of These 
( Ans - 1)


39. _____________ launched MoneyPlant RuPay International Platinum Debit Card to provide more privileges to its premium & High net worth individual (HNI) customers ?
 ICICI Bank
 Karnataka Bank 
 HDFC Bank
 Axis Bank
 None of These 
( Ans - 2)


40. _______________ launched 3 tech-services FASTag, UPI (Unified Payment Interface) and BBPS (Bharat Bill Payment System) ?
 ICICI Bank
 Axis Bank
 South Indian Bank
 Yes Bank
 Karur Vysya Bank
( Ans - 5)


41. ___________ achieved maximum registrations under Goods and Services Tax (GST) regime with 60% of total 2.5 lakh traders migrating to new platform - GST ?
 Karnataka
 Kerala 
 Mizoram
 Manipur
 None of These 
( Ans - 2)


42. _________ tied up with Centrum Group, in which LVB will refer its High Net Worth Individuals (HNI) to Centrum for wealth management and family office services ?
 South Indian Bank
 Lakshmi Vilas Bank 
 Yes Bank
 Catholic Syrian Bank
 None of These 
( Ans - 2)


43. McNally Bharat Engineering Company bagged 415 crore order from ______________ Power Generation Corporation Ltd, for operation and maintenance of 500 MW grid connected solar power project ?
 Andhra Pradesh 
 Telangana
 Manipur
 Mizoram
 None of These 
( Ans - 1)


44. Ministry of Electronics and Information Technology (MEITY) issued draft Information Technology (Security of PPI) Rules 2017 for PPI (_______________) company / e wallet firms (Like Paytm, Freecharge, Mobikwik etc).
 Postpaid Payment Institutions
 Pure Path Instruments 
 Prepaid Payment Institutions 
 Postpaid Payment Instruments 
 Prepaid Payment Instruments 
( Ans - 5)


45. Mobile Wallte Firm _________ has set up a new company - _______ Financial Services, to sell financial products like insurance and mutual funds to its planned payments bank account holders. As Payment banks can't give loans, selling these financial products will be core source of revenue. It has recently launched Insurance of upto INR 20000 for its e-Wallet ?
 Freecharge
 Paytm 
 Mobikwik
 Oxigen
 None of These 
( Ans - 2)


46. ___________ accquired GSPC’s (Gujarat State Petroleum Corporation) 80% state in KG (Krishna Godavari)-basin natural gas block for $1.2 billion ?
 ONGC 
 SAIL
 GAIL
 BHEL
 None of These 
( Ans - 1)



47. ___________ became first e-commerce firm to become member of self-regulatory voluntary organization Advertising Standards Council of India (ASCI) ?
 Jabong
 Amazon
 Flipkart
 Snapdeal
 Paytm 
( Ans - 5)


48. RBI proposed to fix upper limit for Pre-paid Payment Instruments (PPIs) at Rs ___________ in view of growing usage of PPIs for a purchase of goods and services ?
 1 lakh 
 2 lakh 
 3 lakh 
 4 lakh 
 None of These 
( Ans - 1)


49. Reliance General Insurance entered into bancassurance tie-up with _____________, to enable RGI to offer its general insurance products to Catholic Syrian Bank's customers. Similar MOU is signed between Karnataka Bank and Bajaj Allianz General Insurance Company ?
 Axis Bank
 Catholic Syrian Bank
 ICICI Bank
 Yes Bank
 None of These 
( Ans - 2)


50. Reserve Bank of India (RBI) will issue new Rs __________ currency notes with enhanced security features. New notes will be in the Mahatma Gandhi Series-2005 with inset letter ‘L’ in both number panels ?
 500
 2000
 100
 1000
 10 
( Ans - 5)


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