Q1. Which among the following banks has launched a Multi-currency Forex Card for overseas travellers recently?
(a) South Indian Bank
(b) ICICI Bank
(c) Kotak Mahindra Bank
(d) Standard Chartered Bank
(e) Yes Bank
S1. Ans.(d)
Sol. Standard Chartered Bank has launched a Multi-currency Forex Card for overseas travelers. The card will allow customers the convenience of loading up to 20 widely used currencies on one card with an online reload facility during overseas travel.
(a) Development
(b) Department
(c) District
(d) Doing
(e) None of the given options is true
S2. Ans.(a)
Sol. Small Industries Development Bank of India (SIDBI) has started full-fledged merchant banking operations to benefit the expanding number of growth-oriented micro, small and medium enterprises (MSMEs), especially those with a strong technology and innovation quotient.
Sol. Small Industries Development Bank of India (SIDBI) has started full-fledged merchant banking operations to benefit the expanding number of growth-oriented micro, small and medium enterprises (MSMEs), especially those with a strong technology and innovation quotient.
Q3. Aurionpro Solutions a global leader in digital innovation, enterprise security and banking solutions, announced its Branch-in-a-Box product, the VTM a fully integrated self-service kiosk for automating 90% of banking transactions at the branch level. VTM stands for-
(a) Virtual Truncated Machine
(b) Vehicle Teller Machine
(c) Virtual Timer Machine
(d) Virtual Teller Management
(e) Virtual Teller Machine
S3. Ans.(e)
Sol. Aurionpro Solutions a global leader in digital innovation, enterprise security and banking solutions, announced its Branch-in-a-Box product, the Virtual Teller Machine (VTM) a fully integrated self-service kiosk for automating 90% of banking transactions at the branch level.
Sol. Aurionpro Solutions a global leader in digital innovation, enterprise security and banking solutions, announced its Branch-in-a-Box product, the Virtual Teller Machine (VTM) a fully integrated self-service kiosk for automating 90% of banking transactions at the branch level.
Q4. Reserve Bank of India (RBI) has set up Supervisory Colleges for six Scheduled Commercial Banks which have sizeable international presence recently. Which among the following Banks is not them?
(a) State Bank of India
(b) ICICI Bank Limited
(c) Indian Overseas Bank
(d) Bank of Baroda
(e) Axis Bank Limited
S4. Ans.(c)
Sol. Reserve Bank of India (RBI) has set up Supervisory Colleges for six Scheduled Commercial Banks which have sizeable international presence: - State Bank of India, ICICI Bank Ltd., Bank of India, Bank of Baroda, Axis Bank Ltd. and Punjab National Bank.
Sol. Reserve Bank of India (RBI) has set up Supervisory Colleges for six Scheduled Commercial Banks which have sizeable international presence: - State Bank of India, ICICI Bank Ltd., Bank of India, Bank of Baroda, Axis Bank Ltd. and Punjab National Bank.
Q5. Which Bank and Bajaj Allianz General Insurance have signed an agreement for the distribution of insurance products through the branches?
(a) Axis Bank
(b) Punjab National Bank
(c) Indian Bank
(d) Bank of Baroda
(e) ICICI Bank
S5. Ans.(b)
Sol. Punjab National Bank (PNB) and Bajaj Allianz General Insurance have signed an agreement for the distribution of insurance products through the branches.
Sol. Punjab National Bank (PNB) and Bajaj Allianz General Insurance have signed an agreement for the distribution of insurance products through the branches.
Q6. Standard Chartered Bank based in-
(a) London
(b) Paris
(c) New York
(d) Tokyo
(e) Sydney
S6. Ans.(a)
Sol. Standard Chartered Bank based in London, UK.
Q7. Who is the present Chief Executive Officer and Managing Director of Punjab National Bank?
(a) Usha Ananthasubramanian
(b) Sunil Mehta
(c) Rakesh Sethi
(d) Melwyn O Rego
(e) None of the given options is true
S7. Ans.(b)
Sol. Sunil Mehta is present Chief Executive Officer and Managing Director of Punjab National Bank.
Sol. Sunil Mehta is present Chief Executive Officer and Managing Director of Punjab National Bank.
Q8. Where is the Head Office of SIDBI?
(a) Chennai
(b) New Delhi
(c) Lucknow
(d) Mumbai
(e) Kolkata
S8. Ans.(c)
Sol. The Head Office of SIDBI is in Lucknow.
Sol. The Head Office of SIDBI is in Lucknow.
Q9. Which among the following Banks has announced the acquisition of Snapdeal-owned mobile payments provider Freecharge in an all-cash deal worth Rs385 crore?
(a) Bandhan Bank
(b) Kotak Mahindra Bank
(c) HDFC Bank
(d) Axis Bank
(e) ICICI Bank
S9. Ans.(d)
Sol. Axis Bank announced the acquisition of Snapdeal-owned mobile payments provider Freecharge in an all-cash deal worth Rs385 crore. The deal is subject to regulatory approval from the Reserve Bank of India (RBI) and the indicative time-frame to complete the acquisition is two months, the private sector lender said in an exchange filing.
Sol. Axis Bank announced the acquisition of Snapdeal-owned mobile payments provider Freecharge in an all-cash deal worth Rs385 crore. The deal is subject to regulatory approval from the Reserve Bank of India (RBI) and the indicative time-frame to complete the acquisition is two months, the private sector lender said in an exchange filing.
Q10. ____________ refer to both scheduled and non-scheduled commercial banks which are regulated under Banking Regulation Act, 1949.
(a) State Bank of India and its Associates
(b) Foreign Banks
(c) Regional Rural Banks
(d) Nationalised Banks
(e) Commercial Banks
S10. Ans.(e)
Sol. Commercial Banks refer to both scheduled and non-scheduled commercial banks which are regulated under Banking Regulation Act, 1949.
Sol. Commercial Banks refer to both scheduled and non-scheduled commercial banks which are regulated under Banking Regulation Act, 1949.
Q11. Who is the present MD and CEO of Axis Bank?
(a) Naina Lal Kidwai
(b) Chanda Kochhar
(c) Aditya Kapur
(d) Shikha Sharma
(e) Usha Ananthasubramanian
S11. Ans.(d)
Sol. Shikha Sharma is the MD and CEO of Axis Bank.
Sol. Shikha Sharma is the MD and CEO of Axis Bank.
Q12. Economic Affairs Secretary Subhash Chandra Garg has been appointed as India’s Alternate Governor to the Board of Governors of-
(a) Asian Development Bank
(b) International Monetary Fund
(c) World Bank
(d) New Development Bank
(e) Asian Infrastructure Investment Bank
S12. Ans.(a)
Sol. Economic Affairs Secretary Subhash Chandra Garg has been appointed as Indias Alternate Governor on the Board of Governors of the Asian Development Bank (ADB), the Finance Ministry announced recently. Garg has been appointed in place of former DEA Secretary Shaktikanta Das. The appointment came into effect from July 12th 2017.
Sol. Economic Affairs Secretary Subhash Chandra Garg has been appointed as Indias Alternate Governor on the Board of Governors of the Asian Development Bank (ADB), the Finance Ministry announced recently. Garg has been appointed in place of former DEA Secretary Shaktikanta Das. The appointment came into effect from July 12th 2017.
Q13. Who is present Managing Director and Chief Executive Officer of Oriental Bank of Commerce?
(a) Gopal Baglay
(b) Raveesh Kumar
(c) Ajay Kanwal
(d) Animesh Chauhan
(e) Mukesh Kumar Jain
S13. Ans.(e)
Sol. Mukesh Kumar Jain is present Managing Director and Chief Executive Officer of Oriental Bank of Commerce.
Sol. Mukesh Kumar Jain is present Managing Director and Chief Executive Officer of Oriental Bank of Commerce.
Q14. According, to Asian Development Bank supplement report India is expected to achieve the projected growth rate of_____ per cent in 2017.
(a) 7.6 per cent
(b) 7.4 per cent
(c) 7.2 per cent
(d) 7.8 per cent
(e) 7.0 per cent
S14. Ans.(b)
Sol. According, to Asian Development Bank supplement report India is expected to achieve the projected growth rate of 7.4 per cent in 2017 and further up to 7.6 per cent next year on strong consumption demand, with South Asia leading the growth chart in Asia and the Pacific.
Sol. According, to Asian Development Bank supplement report India is expected to achieve the projected growth rate of 7.4 per cent in 2017 and further up to 7.6 per cent next year on strong consumption demand, with South Asia leading the growth chart in Asia and the Pacific.
Q15. Where is the Head Office of Asian Development Bank (ADB)?
(a) Moscow, Russia
(b) Manila, Philippines
(c) Beijing, China
(d) Tokyo, Japan
(e) New Delhi, India
S15. Ans.(b)
Sol. Headquarter of ADB is in Manila, Philippines.
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