Important Banking Awareness Quiz – 123

1) Who has been applied for a universal banking license in India, becoming the first entity to seek it after Reserve Bank of India opened the door for on-tap license last August?

a) UAE Exchange and Financial Services Ltd

b) Land bank of the Philippines

c) China Banking Corporation

d) Hongkong & Shanghai Banking Corporation

e) None of these

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2) The Asian Development Bank (ADB) and the Government of India signed a _________ million loan agreement meant to improve connectivity, transport efficiency, and safety on the State highways of Rajasthan.

a) $200

b) $210

c) $220

d) $230

e) $240

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3) TERI was ranked number ______ by the International Center for Climate Governance (ICCG), an internationally-renowned body whose activities focus on the design of climate policy and related governance issues.

a) One

b) Two

c) Three

d) Four

e) Five

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4) Who has been appointed as the chairman of Tata Global Beverages, recently?

a) S Chandrasekaran

b) M Chandrasekaran

c) N Chandrasekaran

d) R Chandrasekaran

e) P Chandrasekaran

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5) The Reserve Bank of India (RBI) has given the beleaguered District Central Cooperative Banks (DCCBs) a green signal to exchange their deposits in old currency notes. It is belongs to which state?

a) Andhra Pradesh

b) Telangana

c) Maharashtra

d) Madhya Pradesh

e) Gujarat

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6) Which of the following Microfin has launched an app, an end-to-end cashless solution called “Saathi”?

a) Spandana

b) Asmitha

c) Bhartiya Samruddhi

d) Bandhan

e) Svatantra

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7) The Central Board of Direct Taxes (CBDT) has exempted certain cash transactions from the purview of the Rs.2-lakh restriction introduced in this year’s Budget. Find the correct one exempted from 2 lakh cash restriction transaction?

i) Money received by a business correspondent on behalf of a bank or cooperative bank.

ii) Receipt by a white label ATM operator from retail outlet sources on behalf of a bank or cooperative bank.

iii) Receipt from an agent by an issuer of prepaid instruments.

iv) Receipt by a company or institution issuing credit cards against bills raised in respect of one or more credit cards.

a) only i

b) only i and iii

c) Only i, ii, iv

d) Only iii and iv

e) All the above

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8) The National Company Law Tribunal (NCLT) approved bankruptcy proceedings against Mumbai based EPC firm_______, making it the first among the 12 cases referred by the central bank under India’s new Insolvency and Bankruptcy Code 2016 (IBC).

a) Jyoti Structures

b) GMR Structures

c) Karamtara Structures

d) Ketan Structures

e) EHV sub Structures

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9) Aadhaar architect Nandan Nilekani and Helion Venture’s Sanjeev Aggarwal have launched an investment fund called Fundamentum with corpus of ___.

a) $50 million

b) $70 million

c) $80 million

d) $90 million

e) $100 million

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10) Which among the following village was adopted by Prime Minister Modi under Sansad Adarsh Gram?

a) Kakrahia

b) Jayapur

c) Nagpur

d) Anantapur

e) None of theses

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Important Banking Awareness Quiz – 122