Banking Awareness,

Q1. The World Bank Group consists of how many organisations-

(a) One

(b) Two

(c) Three

(d) Four

(e) Five

Q2. The World Bank is like a cooperative, made up of --------------- member countries. These member countries, or shareholders, are represented by a Board of Governors, who are the ultimate policymakers at the World Bank. 

(a) 189

(b) 193

(c) 159

(d) 173

(e) 187

Q3. Name the agency, Which is an agency to provide ‘soft-loans’ to developing countries?

(a) Asian Infrastructure Investment Bank (AIIB)

(b) Organization of the Petroleum Exporting Countries (OPEC) 

(c) Asian Development Bank (ADB)

(d) World Trade Organization (WTO)

(e) International Development Association (IDA)

Q4. On July 15, 2014 at the sixth summit in Fortaleza, Brazil the member countries signed the Articles for the New Development Bank (NDB). What is the authorised capital of NDB?

(a) USD 200 billion

(b) USD 300 billion

(c) USD 500 billion

(d) USD 100 billion

(e) None of the above

Q5. The first Board of Governors meeting of the BRICS New Development Bank was held in ____________ on July 7, 2015 where the Bank formally came into existence as a legal entity. 

(a) Brazil

(b) Russia

(c) South Africa

(d) India

(e) China

Q6. With effect from March 31, 2005, an asset would be classified as _____________ if it has remained in the sub­standard category for a period of 12 months. 

(a) Sub­standard Assets

(b) Profit Assets

(c) Doubtful Assets

(d) Loss Assets

(e) None of the above

Q7. What is the financial limit Under MUDRA's Shishu scheme?

(a) Rs. 5,00,000

(b) Rs. 50,000

(c) Rs. 1,00,000

(d) Rs. 10,000

(e) Rs. 1,50,000

Q8. What is the financial limit Under MUDRA's Kishor scheme?

(a) Rs. 50,000 to Rs. 10 lakh

(b) Rs. 50,000 to Rs. 3 lakh

(c) Rs. 50,000 to Rs. 1 lakh

(d) Rs. 50,000 to Rs. 2 lakh

(e) Rs. 50,000 to Rs. 5 lakh

Q9. Which among the following Incentives and facilities offered to the SEZs is not correct-

(a) Duty-free import/domestic procurement of goods for development, operation and maintenance of SEZ units.

(b) Exemption from State sales tax and other levies as extended by the respective State Governments.  (c) Exemption from minimum alternate tax under section 115JB of the Income Tax Act.

(d) 100% Income Tax exemption on export income for SEZ units under Section 10AA of the Income Tax Act for 10 years, 50% for next 5 years thereafter and 50% of the ploughed back export profit for next 5 years.

(e) Exemption from Central Sales Tax.

Q10. ___________ is a specifically delineated duty-free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs. 

(a) SEZs

(b) FDI

(c) FIPB

(d) CDR

(e) CSR

Q11. IBA was set up in ________ with 22 members to discuss issues of common interests.

(a) 1946

(b) 1955

(c) 1934

(d) 1921

(e) 1961

Q12. What is the effort of IBA?

(a) Assist and provide common services to members.

(b) Promote sound and progressive banking principles and practices. 

(c) Co-ordinate and co-operate on procedural, legal, technical, administration, professional matters. 

(d) Build Image of banking industry through publicity and public relations.

(e) All of the above

Q13. Central Government has notified in the Official Gazette ___________ CPI inflation as the target for the period from August 5, 2016 to March 31, 2021 with the upper tolerance limit of 6 per cent and the lower tolerance limit of 2 per cent.

(a) 4 percent

(b) 3 percent

(c) 5 percent

(d) 2 percent

(e) None of the above

Q14. What is the full form of CPI?

(a) Customer Price Index

(b) Consumer Price Index

(c) Consumer Product Index

(d) Consumer Price Indian

(e) Custom Price Index

Q15. What is the focus & Priorities of IBA?

(a) The Government of India on policy related issues 

(b) Industry unions on wage negotiations and improving industrial relations 

(c) Foreign counterparts to widen the horizon and perspectives 

(d) Members to encourage inter-bank co-operation and co-ordination 

(e) All of the above

Solutions

S1. Ans.(e)
Sol. The World Bank Group consists of five organizations. These are:-
1. International Bank for Reconstruction and Development (IBRD)
2. International Development Association IDA)
3. International Finance Corporation (IFC)
4. Multilateral Investment Guarantee Agency (MIGA)
5. International Centre for Settlement of Investment Disputes (ICSID)

S2. Ans.(a)
Sol. The World Bank is like a cooperative, made up of 189 member countries. These member countries, or shareholders, are represented by a Board of Governors, who are the ultimate policymakers at the World Bank.

S3. Ans.(e)
Sol. International Development Association (IDA) is an agency to provide ‘soft-loans’ to developing countries.

S4. Ans.(d)
Sol. At the fourth BRICS Summit in New Delhi (2012), the leaders of Brazil, Russia, India, China and South Africa considered the possibility of setting up a New Development Bank (NDB) to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies, as well as in developing countries. the authorised capital of NDB is USD 100 billion.

S5. Ans.(b)
Sol. The inaugural meeting of the Board of Governors of the NDB was chaired by Russia and held on the eve of the Ufa Summit on 7 July 2015, when the Bank formally came into existence as a legal entity.

S6. Ans.(c)
Sol. With effect from March 31, 2005, an asset would be classified as doubtful if it has remained in the sub­standard category for a period of 12 months. A loan classified as doubtful has all the weaknesses inherent in assets that were classified as sub­standard, with the added characteristic that the weaknesses make collection or liquidation in full,– on the basis of currently known facts, conditions and values – highly questionable and improbable.

S7. Ans.(b)
Sol. Under the aegis of Pradhan Mantri MUDRA Yojana (PMMY), MUDRA has already created its initial products/schemes. The interventions have been named ‘Shishu’, ‘Kishor’ and ‘Tarun’ to signify the stage of growth/development and funding needs of the beneficiary micro unit / entrepreneur and also to provide a reference point for the next phase of graduation / growth to look forward to. The financial limit for these schemes is:-
(a) Shishu:- covering loans up to  50,000/-
(b) Kishor:- covering loans above  50,000/- and up to  5 lakh
(c) Tarun:- covering loans above  5 lakh to  10 lakh

S8. Ans.(e)
Sol. Under the aegis of Pradhan Mantri MUDRA Yojana (PMMY), MUDRA has already created its initial products/schemes. The interventions have been named ‘Shishu’, ‘Kishor’ and ‘Tarun’ to signify the stage of growth/development and funding needs of the beneficiary micro unit / entrepreneur and also to provide a reference point for the next phase of graduation / growth to look forward to. The financial limit for these schemes is:-
(a) Shishu:- covering loans up to  50,000/-
(b) Kishor:- covering loans above  50,000/- and up to  5 lakh
(c) Tarun:- covering loans above  5 lakh to  10 lakh

S9. Ans.(d)
Sol. The incentives and facilities offered to the units in SEZs for attracting investments into the SEZs, including foreign investment include:-
(a) Duty free import/domestic procurement of goods for development, operation and maintenance of SEZ units
(b) 100% Income Tax exemption on export income for SEZ units under Section 10AA of the Income Tax Act for first 5 years, 50% for next 5 years thereafter and 50% of the ploughed back export profit for next 5 years.
(c) Exemption from minimum alternate tax under section 115JB of the Income Tax Act.
(d) External commercial borrowing by SEZ units up to US $ 500 million in a year without any maturity restriction through recognized banking channels.
(e) Exemption from Central Sales Tax.
(f) Exemption from Service Tax.
(g) Single window clearance for Central and State level approvals.
(h) Exemption from State sales tax and other levies as extended by the respective State Governments.

S10. Ans.(a)
Sol. Special Economic Zones (SEZs) is a specifically delineated duty-free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs.

S11. Ans.(a)
Sol. Indian Banks' Association (IBA) set up in 1946 with 22 members to discuss issues of common interests. Over the years, IBA emerged as the Voice of Indian Banking Industry. IBA adopts a consultative approach to give its views on any issue pertaining to the banking sector.

S12. Ans.(e)
Sol. Effort of IBA is-
1. Promote sound and progressive banking principles and practices.
2. Assist and provide common services to members.
3. Co-ordinate and co-operate on procedural, legal, technical, administration, professional matters.
4. Collate, classify and circulate statistical and other information.
5. Pool expertise towards common objectives of reduction in costs, increase efficiency, productivity and improve systems, procedures and banking practices.
6. Build Image of banking industry through publicity and public relations.

S13. Ans.(a)
Sol. The amended RBI Act also provides for the inflation target to be set by the Government of India, in consultation with the Reserve Bank, once in every five years. Accordingly, the Central Government has notified in the Official Gazette 4 per cent Consumer Price Index (CPI) inflation as the target for the period from August 5, 2016 to March 31, 2021 with the upper tolerance limit of 6 per cent and the lower tolerance limit of 2 per cent.

S14. Ans.(b)
Sol. CPI stands for Consumer Price Index.

S15. Ans.(e)
Sol. Focus & Priorities of IBA is:-
1. The Government of India on policy related issues
2. Industry unions on wage negotiations and improving industrial relations
3. Members to encourage inter-bank co-operation and co-ordination
4. Foreign counterparts to widen the horizon and perspectives
5. Other trade bodies for better co-ordination
6. Its constituents and stakeholders for new initiatives
7. The Reserve Bank of India on regulatory issues

Banking Awareness,

Q1. Cheque which is truncated during the course of clearing cycle is called __________

(a) Stale Cheque

(b) Mutilated Cheque

(c) Self Cheque

(d) Truncated Cheque

(e) None of the given options is true

S1. Ans.(d)

Sol. A truncated cheque means a cheque which is truncated during the course of clearing cycle either by the clearing house or by the bank.

Q2. Person named in the instrument to whom or to whose order the money is to be paid is known as-?

(a) Drawer

(b) Drawee

(c) Payer

(d) Payee

(e) Receivable

S2 Ans.(d)

Sol. A person to whom money is paid or is to be paid is called payee, especially the person to whom a cheque is made payable.

Q3. National Housing Bank (NHB), a wholly owned subsidiary of the central bank (RBI) was established in 1988 under the-

(a) National Housing Bank Act, 1987

(b) National Housing Bank Act, 1988

(c) National Housing Bank Act, 1986

(d) National Housing Bank Act, 1985

(e) None of the given options is true

S3. Ans.(a)
Sol. The Hon’ble Prime Minister of India, while presenting the Union Budget for 1987-88 on February 28, 1987 announced the decision to establish the National Housing Bank (NHB) as an apex level institution for housing finance. Following that, the National Housing Bank Bill (91 of 1987) providing the legislative framework for the establishment of NHB was passed by Parliament in the winter session of 1987 and with the assent of the Hon’ble President of India on December 23, 1987, became an Act of Parliament. The National Housing Policy, 1988 envisaged the setting up of NHB as the Apex level institution for housing. In pursuance of the above, NHB was set up on July 9, 1988 under the National Housing Bank Act, 1987. NHB is wholly owned by Reserve Bank of India, which contributed the entire paid-up capital.

Q4. The Banking Ombudsman Scheme was introduced under __________ of the Banking Regulation Act, 1949 by RBI with effect from 1995.

(a) Section 25A

(b) Section 35A

(c) Section 45A

(d) Section 15A

(e) Section 55A

S4. Ans.(b)
Sol. The Banking Ombudsman Scheme enables an expeditious and inexpensive forum to bank customers for resolution of complaints relating to certain services rendered by banks. The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995.

Q5. National Housing Bank (NHB), is an apex financial institution for housing, having headquarters in-?

(a) Mumbai

(b) New Delhi

(c) Bengaluru

(d) Hyderabad

(e) Kolkata

S5. Ans.(b)
Sol. National Housing Bank (NHB), a wholly owned subsidiary of RBI, was set up by an Act of Parliament in 1987 having headquarters in New Delhi.

Q6. Which of the following Act provides provisions for the regulation of credit information companies?

(a) Companies Act, 1956

(b) Credit Information (Companies Regulation Act, 2005)

(c) Information Technology Act, 2000

(d) Banking Regulation Act, 1949

(e) None of the given options is true

S6. Ans.(b)
Sol. Credit Information (Companies Regulation Act, 2005) provides for regulation of credit information companies and to facilitate efficient distribution of credit and for matters connected therewith or incidental thereto.

Q7. __________ are certificates issued by banks that have overreached their priority sector lending targets.

(a) Commercial Papers

(b) Certificate of Deposits

(c) Treasury Bills

(d) Priority Sector Lending Certificates

(e) None of the given options is true

S7. Ans.(d)
Sol. Domestic banks as well as foreign banks have to lend of their total loans to priority sectors which consist of agriculture, micro credits, education, social infrastructure and housing so that these unprivileged sections can get credit. To encourage lending to the priority sector, the central bank has introduced the concept of Priority Sector Lending Certificates (PSLC).

Q8. How many types of PSLCs can be issued by the Banks?

(a) Four

(b) Five

(c) Six

(d) Eight

(e) Ten

S8. Ans.(a)
Sol. There are only four eligible categories of PSLCs i.e. PSLC General, PSLC Small and Marginal Farmer, PSLC Agriculture & PSLC Micro Enterprises.

Q9. Which bank has launched India’s first golf-centric credit card?

(a) SBI

(b) UBI

(d) PNB

(d) RBL

(e) ICICI

S9. Ans.(d)
Sol. RBL Bank (formerly Ratnakar Bank) has launched India’s first golf-centric credit card. The card based on the premium MasterCard World platform was launched in association with the Indian Golf Union (IGU).

Q10. Which bank has launched India’s first contactless mobile payment solution-?

(a) ICICI

(b) Kotak Mahindra Bank

(c) IndusInd Bank

(d) South Indian Bank

(e) Axis Bank

S10. Ans.(a)
Sol. ICICI Bank has unveiled the country’s first contactless mobile payment solution to enable its credit and debit customers make in-store contactless payments by just waving their smart phones near an NFC-enabled merchant terminal. The mobile payment solution available in the Bank’s ‘Pockets’ app, provides improved convenience of ‘Touch & Pay’ as customers are no longer required to carry physical card or cash to pay in stores.

Q11. Which bank has launched India’s first digital branch in Gurugram, Haryana?

(a) ICICI

(b) Axis Bank

(c) Induslnd Ban

(d) South Indian Bank

(e) State Bank of India

S11. Ans.(c)
Sol. Induslnd Bank has launched India’s first digital branch at IndusInd Cyber city Rapid Metro station, Gurugram, Haryana. This video branch machine allows customers to connect with the remote teller over a real-time video call and perform regular banking transactions like statement printing, cheque deposits, opening of FD account and encashment, funds transfer along with dispensation of cash.

Q12. _______ is a deposit account provided by a bank or other financial institutions for individuals to save money and earn the modest interest for that money held in the account.

(a) Fixed Deposit Account

(b) Savings Bank Account

(c) Recurring Account

(d) Current Account

(e) Escrow Account

S12. Ans.(b)
Sol. A savings account is an account maintained by a bank or other financial institutions for individuals to save money and earn interest on the cash held in the account.A savings account is an account maintained by a bank or other financial institutions for individuals to save money and earn interest on the cash held in the account.

Q13. __________ is a deposit of money that has a fixed time and pays higher interest than a Saving Bank Account.

(a) Fixed Deposit Account

(b) Savings Bank Account

(c) Current Account

(d) All of the above

(e) None of the given options is true

S13. Ans.(a)
Sol. A deposit of money that pays higher interest than a savings account but imposes conditions on the amount, frequency, and/or period of withdrawals. It is also called time deposit.

Q14. First Indian bank to provide Internet Banking facility is-?

(a) SBI

(b) ICICI Bank

(c) Canara Bank

(d) BOI

(e) PNB

S14. Ans.(b)
Sol. First Indian bank to introduce internet banking – ICICI bank.

Q15. Which of the following was implemented by National Payments Corporation of India (NPCI) for Banks, Financial Institutions and Corporate etc.?

(a) National Automated Clearing House (NACH)

(b) National Automatic Clearing House (NACH)

(c) National Automated Cleared House (NACH)

(d) National Automatic Cleared House (NACH)

(e) Nominal Automatic Cleared House (NACH)

S15. Ans.(a)
Sol. A web based solution to facilitate interbank, high volume, electronic transactions which are repetitive and periodic in nature. National Automated Clearing House (NACH) System can be used for making bulk transactions towards distribution of subsidies, dividends, interest, salary, pension etc. and also for bulk transactions towards collection of payments pertaining to telephone, electricity, water, loans, investments in mutual funds, insurance premium etc.
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QUIZ-14+

Q1. Wedding ceremonies in which of the following state are all set to become ‘green’, with the state government coming out with a green protocol to make auspicious occasions more nature-friendly?

(a) Assam

(b) Kerala

(c) Tamil Nadu

(d) Maharashtra

(e) Meghalaya

S1. Ans.(b)

Sol. Wedding ceremonies in Kerala are all set to become ‘green’, with the state government coming out with a green protocol to make auspicious occasions more nature-friendly. With the implementation of the protocol, plastic and other non-biodegradable articles including disposable glasses and plates and thermocol decorations will be kept at bay from marriage functions.

Q2. Name the Indian tennis ace who along with Canadian partner Gabriela Dabrowski won the French Open mixed doubles title in Paris, France.

(a) Leander Paes

(b) Mahesh Bhupati

(c) Yuki Bhambri

(d) RohanBopanna

(e) RamkumarRamnathan

S2. Ans.(d)

Sol. Indian tennis ace RohanBopanna and Canadian partner Gabriela Dabrowski produced a fighting performance to beat their German-Colombian opponents Anna-Lena Groenefeld and Robert Farah in the final to clinch their maiden French Open mixed doubles title in Paris, France.

Q3. Which of the following state Government has signed a Memorandum of Understanding (MoU) with the Union Civil Aviation Ministry for the implementation of the UDAAN scheme in the state?

(a) Uttar Pradesh

(b) Andhra Pradesh

(c) Tamil Nadu

(d) Kerala

(e) Telangana

S3. Ans.(c)

Sol. The Government of Tamil Nadu has signed a Memorandum of Understanding (MoU) with the Union Civil Aviation Ministry for the implementation of the UDAAN scheme in the state. The MoU has been signed at the Secretariat in Fort St George, Chennai, by the officials in presence of chief minister Edappadi K Palaniswami and the Airports Authority of India Chairman GuruprasadMohapatra.

Q4. The second National Health Editors’ Conference on Yoga has begun recently in __________.

(a) New Delhi

(b) Bengaluru

(c) Chandigarh

(d) Chennai

(e) Gandhinagar

S4. Ans.(a)

Sol. The second National Health Editors’ Conference on Yoga has begun in New Delhi. The conference aimed at giving insight to the journalists about the scientific aspects of yoga and its benefits for health. The theme of the conference is 'Yoga for Health and Harmony'. Eminent experts of yoga and modern medicine present highlights from recent research work on aspects of yoga.

Q5. India signed the OECD (Organization for Economic Co-operation and Development) multilateral convention that aims to check cross-border tax evasion by multinational companies. OECD is headquartered in ________________.

(a) London, UK

(b) New York, USA

(c) Geneva, Switzerland

(d) Paris, France

(e) Washington D.C., USA

S5. Ans.(d)

Sol. India signed the OECD (Organization for Economic Co-operation and Development) multilateral convention that aims to check cross-border tax evasion by multinational companies. Union Finance Minister ArunJaitley signed the multilateral convention in Paris, France to implement tax treaty- related measures to prevent base erosion and profit shifting. OECD Headquarters in Paris, France.

Q6. Name the Indian American Astronaut whon has become the first Indian American after KalpanaChawla to be chosen by NASA for one of its missions at NASA’s Johnson Space Center in Houston.

(a) Rakesh Sharma

(b) Ravish Malhotra

(c) Raja Chari

(d) Kalpak Jain

(e) None of the given option is true

S6. Ans.(c)

Sol. NASA has chosen 12 new astronauts, including an Indian American named Raja Chari, from a record number of over 18,000 applicants, who will be trained for missions into Earth orbit and to deep space. Lt. Col. Raja Chari is the first Indian American after KalpanaChawla to be chosen by NASA for one of its missions at NASA’s Johnson Space Center in Houston. This is the largest group NASA has selected in almost two decades.

Q7. Name the initiative that Health Ministry has recently launched to promote skill development in the health sector.

(a) Healthy India, Better India

(b) Healthy India, Skilled India

(c) Safer India

(d) None of the given theme is true

(e) Skill for Life, Save a Life

S7. Ans.(e)

Sol. Shri J P Nadda has launched 'Skill for Life, Save a Life' initiative to promote skill development in the health sector. ‘Skills for Life, Save a Life’ Initiative’ aims to upscale the quantity and quality of trained professionals in the healthcare system.

Q8. Name the Indian player who is the sole sportsperson from the country to feature in the world’s 100 highest paid athletes in the latest Forbes list.

(a) M S Dhoni

(b) ViratKohli

(c) Yuvraj Singh

(d) Sachin Tendulkar

(e) SaniaMirza

S8. Ans.(b)

Sol. Indian cricket team captain ViratKohli is the sole sportsperson from the country to feature in the world’s 100 highest paid athletes in the latest Forbes list topped by soccer star Cristiano Ronaldo.

Q9.  In the world’s 100 highest paid athletes in the latest Forbes list name the only female athlete to make the cut this year.

(a) Martina Hingis

(b) Maria Sharapova

(c) Carolina Marin

(d) Serena Williams

(e) P V Sindhu

S9. Ans.(d)

Sol. In the world’s 100 highest paid athletes in the latest Forbes list topped by soccer star Cristiano Ronaldo, tennis star Serena Williams, who comes in at the 51 spot with $ 27 million is the lone female athlete to make the cut this year.

Q10. Lakshmi Vilas Bank (LVB) has recently appointed B K Manjunath as a part-time chairman for three years. The Head office of LVB is in ______________.

(a) Chennai

(b) Bengaluru

(c) Mangalore

(d) Mumbai

(e) Jaipur

S10. Ans.(a)

Sol. Lakshmi Vilas Bank (LVB) has appointed B K Manjunath as a part-time chairman for three years. The Head office of LVB is in Chennai, Tamil Nadu.

Q11. Name the Lender that has become the first to introduce biodegradable cards in the country.

(a) HDFC Bank

(b) SBI

(c) Axis Bank

(d) ICICI Bank

(e) Punjab National Bank

S11. Ans.(c)

Sol. Axis Bank Ltd has announced biodegradable prepaid gift cards on the occasion of World Environment Day (05th June). With this, the bank has become the first to introduce biodegradable cards in the country.

Q12. Name the Indian tennis Player who lifted the ITF (International Tennis Federation) men’s Futures tennis title recently in Singapore.

(a) RohanBopanna

(b) RamkumarRamanathan

(c) Mahesh Bhupathi

(d) Yuki Bhambri

(e) Leander Paes

S12. Ans.(b)

Sol. India’s RamkumarRamanathan lifted the ITF (International Tennis Federation) men’s Futures tennis title after outplaying Raymond Sarmiento of the USA in straight sets in Singapore.

Q13. Miguel D'EscotoBrockmann passed away recently. He was ____________.

(a) Former Foreign Minister of Nicaragua

(b) Former President of WHO

(c) Former President of ADB

(d) Both (a) and (e)

(e) Former President of the UN General Assembly

S13. Ans.(d)

Sol. Miguel D'EscotoBrockmann, former Foreign Minister of Nicaragua and former President of the UN General Assembly, passed away on 8 June 2017. He was 84.

Q14. According to a circular issued by the Reserve Bank of India, the maximum validity of pre-paid gift instruments is ___________.

(a) 5 years

(b) 4 years

(c) 2 years

(d) 3 years

(e) 6 years

S14. Ans.(d)

Sol. According to a circular issued by the Reserve Bank of India on 1 July 2014, the maximum validity of pre-paid gift instruments is three years.

Q15. Lakshmi Vilas Bank was founded ______________.

(a) 1955

(b) 1945

(c) 1926

(d) 1934

(e) 1914

S15. Ans.(c)

Sol. Lakshmi Vilas Bank was founded in 1926 by a group of seven progressive businessmen of Karur under the leadership of Shri V.S.N. Ramalinga Chettiar.

QUIZ-14+

Q1. Name the person who has been appointed as the new chairman of Public Accounts Committee (PAC) of the Parliament of India. 
Answer: Mallikarjun Kharge

Q2. Shabana Azmi starrer film ____________ was recently awarded the Special Jury Remi Award at the 50th annual Worldfest-Houston International Film Festival (WHIFF).
Answer: The Black Prince

Q3. As per the UN report, India is expected to achieve how much percent growth the year 2017?
Answer: 7.10

Q4. Minister of Road Transport and Highways has inaugurated two exhibitions namely 'The Highway Saga: Past Present and Future' and SRISHTI exhibition in New Delhi. SRISHTI stands for _____________.
Answer: Safe Road and Inter-State Highways Transforming India

Q5. Name the Minister of State (Independent Charge) for Communications of India.
Answer: Manoj Sinha

Q6. The Cabinet Committee on Economic Affairs has given its approval for restructuring the schemes of the Ministry of Food Processing Industries (MoFPI) under new Central Sector Scheme named SAMPADA. What does 'P' stands for in SAMPADA?
Answer: Processing

Q7. The Union Cabinet chaired by ____________ has given its approval for National Steel Policy (NSP) 2017.
Answer: Shri Narendra Modi

Q8. The Indian men’s national football team has made it into the top 100 of the FIFA world football rankings for the first time in 21 years. Who is the President of FIFA?
Answer: Gianni Infantino

Q9. What is the best ever ranking of Indian football team in FIFA world ranking?
Answer: 94th

Q10. The 'Swachh Survekshan 2017' survey results were recently announced by Urban Development Minister M Venkaiah Naidu. Which city is the dirtiest city in India?
Answer: Gonda

Q11. India has recently organized a cultural festival in Egypt to mark the 156th birth anniversary of ___________________.
Answer: Rabindranath Tagore

Q12. Pro-European centrist leader ____________ has been elected as President of France.
Answer: Emmanuel Macron

Q13. The National Academy of Television Arts & Sciences (NATAS) has announced the winners of the 44th Annual Daytime Emmy Awards held in California, USA. Which show has won the award for Outstanding Game Show?
Answer: Jeopardy

Q14. Facebook has launched its _____________ commercially in India and the service is now available via 700 hotspots across four states of Uttarakhand, Gujarat, Rajasthan and Meghalaya.
Answer: Express Wi-Fi

Q15. What is the theme for World Red Cross Day 2017?
Answer: Less Known Red Cross Stories

QUIZ-14

Q1. Union Cabinet has recently given its approval for signing and ratifying, an agreement between India and Tajikistan on Cooperation and Mutual Assistance in Customs Matters. The currency of Tajikistan is ___________.
(a) Tajikistani Dinar
(b) Tajikistani Kuba
(c) Tajikistani Bako
(d) Tajikistani Somoni
(e) Tajikistani Yemen

Q2. India's first Aquatic Rainbow Technology Park, an ultra-modern exclusive facility for ornamental fish equipped with multi-species hatchery and live feed culture units, will become operational in which of the following Indian city?
(a) Bengaluru
(b) Chennai
(c) Thiruvananthapuram
(d) Amravati
(e) Hyderabad

Q3. The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has recently given its approval for construction of how many units of India’s indigenous Pressurized Heavy Water Reactors (PHWR)?
(a) 6
(b) 7
(c) 8
(d) 9
(e) 10

Q4. Which of the following state government has recently hosted the 14th Goods & Services Tax (GST) Council meeting?
(a) Telangana
(b) Uttarakhand
(c) Jammu and Kashmir
(d) Andhra Pradesh
(e) Assam

Q5. Which of the following state Legislature passed a Bill to appoint Olympics silver medallist P V Sindhu as a Group-1 officer in the government, by amending the State Public Services Act?
(a) Telangana
(b) Andhra Pradesh
(c) Maharashtra
(d) Madhya Pradesh
(e) Kerala

Q6. Which of the following company has recently received the final nod from the Reserve Bank of India and is set to launch its Payments Bank?
(a) Airtel
(b) FinoPay
(c) India Post Payment Bank
(d) Paytm
(e) Aditya Birla Group

Q7. Minister for Social Justice and Empowerment has recently inaugurated the “15th National Meeting of the State Commissioners for Persons with Disabilities (PwD)” to review Implementation of the Persons with Disabilities Act-1995. Name the Minister for Social Justice and Empowerment.
(a) Thaawarchand Gehlot
(b) Dharmendra Pradhan
(c) Ravi Shankar Prasad
(d) Birender Singh
(e) Anant Geete

Q8. Veteran personality Reema Lagoo passed away recently. She was famous ___________.
(a) Classical Dancer
(b) Classical Singer
(c) Actress
(d) Sitar Player
(e) Politician

Q9. Forbes magazine has recently named ______________ as the topmost among its "Global Game Changers" who are transforming their industries and changing the lives of billions around the world.
(a) Mark Zuckerberg
(b) Steve Jobs
(c) Laxmi Mittal
(d) Mukesh Ambani
(e) Sunder Pichai

Q10. The Minister of State for Labour & Employment(IC), Shri Bandaru Dattatreya launched EPFOs Citizens Charter 2017 and e-court management system in which city?
(a) Amravati
(b) Bangalore
(c) Chennai
(d) Amarkantak
(e) Thrissur

Q11. Name the 18-year-old Indian student who has made the world’s smallest satellite named 'KalamSat' for NASA.
(a) Saman Jivathran
(b) Sivaraman Karthav
(c) Rifath Sharook
(d) Jegathiswaran Kamath
(e) Swapnil Karthik

Q12. Cabinet has recently approved the signing of Fuel Supply Agreement (FSA) with Letter of Assurance (LoA) holders of Thermal Power Plants (TPPs) and introduced a new more transparent coal allocation policy for Power Sector, 2017 named SHAKTI. What does 'HA' mean in SHAKTI?
(a) Harvesting and Armoring
(b) Harnessing and Allocating
(c) Hawking and Amalgamating
(d) Hobbing and Assurance
(e) Harvesting and Allocating

Q13. Forbes magazine has recently named a famous Industrialist of India as the topmost among its "Global Game Changers" who are transforming their industries and changing the lives of billions around the world. Forbes is _________________ based company.
(a) USA
(b) Japan
(c) China
(d) Australia
(e) Russia

Q14. Softbank has made its biggest investment in an Indian digital enterprise by sealing a funding round of _______________ in mobile payments provider Paytm.
(a) Rs 5,000 crore
(b) Rs 6,000 crore
(c) Rs 9,000 crore
(d) Rs 3,000 crore
(e) Rs 1,000 crore

Q15. What is full form of NASA?
(a) National Aerospace and Scientific Administration
(b) National Aeronautics and Scientific Administration
(c) National Aeronautical and Satellite Administration
(d) National Aeronautics and Space Administration
(e) National Aeronautics and Satellite Administration

Solutions

S1. Ans.(d)
Sol. Union Cabinet has given its approval for signing and ratifying, an agreement between India and Tajikistan on Cooperation and Mutual Assistance in Customs Matters. The currency of Tajikistan is Tajikistani somoni.

S2. Ans.(b)
Sol. India's first Aquatic Rainbow Technology Park, an ultra-modern exclusive facility for ornamental fish equipped with multi-species hatchery and live feed culture units, will become operational at Chennai in coming three months.

S3. Ans.(e)
Sol. In a significant decision to fast-track India’s domestic nuclear power program, and give a push to country’s nuclear industry, the Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for construction of 10 units of India’s indigenous Pressurized Heavy Water Reactors (PHWR).

S4. Ans.(c)
Sol. The Jammu and Kashmir government is hosting the 14th Goods & Services Tax (GST) Council meeting in the summer capital Srinagar beginning today (18th May 2017). The State administration is gearing up for the meeting of the GST Council headed by Union Finance Minister Arun Jaitley.

S5. Ans.(b)
Sol. The Andhra Pradesh Legislature passed a Bill to appoint Olympics silver medallist P V Sindhu as a Group-1 officer in the government, by amending the State Public Services Act.

S6. Ans.(d)
Sol. Digital payment and commerce company Paytm has received the final nod from the Reserve Bank of India and is set to launch Paytm Payments Bank on May 23, 2017. Paytm is the third company from the 11 other applicants to launch payments bank after Airtel and India Post. Mumbai-based Finopay Tech is also likely to launch its operations by next month (June).

S7. Ans.(a)
Sol. Shri Thaawarchand Gehlot, Minister for Social Justice and Empowerment inaugurated the “15th National Meeting of the State Commissioners for Persons with Disabilities (PwD)” to review Implementation of the Persons with Disabilities (Equal Opportunities, Protection of rights and Full Participation) Act-1995.

S8. Ans.(c)
Sol. Veteran actress Reema Lagoo, known for her performance in movies like “Hum Aapke Hain Koun” and “Kal Ho Na Ho”, died due to a cardiac arrest in Mumbai. She was 59.

S9. Ans.(d)
Sol. Forbes magazine has named Reliance Industries (RIL) Chairman Mukesh Ambani as the topmost among its "Global Game Changers" who are transforming their industries and changing the lives of billions around the world.

S10. Ans.(b)
Sol. The Minister of State for Labour & Employment(IC), Shri Bandaru Dattatreya launched EPFOs Citizens Charter 2017 and e-court management system in Bangalore. The citizen’s charter has been launched with the vision of social security coverage to all employees as well as the implementation of policies for benefit of all stakeholders with the adequate support level of social security. 

S11. Ans.(c)
Sol. The US’ National Aeronautics and Space Administration (NASA) will launch the world’s smallest satellite named 'KalamSat', it will be the first time ever that it would be piloting an experiment by an Indian student. Developed by Rifath Sharook, an 18-year-old boy, from Tamil Nadu’s Pallapatti town, KalamSat weighs only 64 grams. ‘KalamSat’, named after India's nuclear scientist and former President, APJ Abdul Kalam, will be launched from a NASA facility in Wallops Island.

S12. Ans.(b)
Sol. Cabinet has recently approved the signing of Fuel Supply Agreement (FSA) with Letter of Assurance (LoA) holders of Thermal Power Plants (TPPs) and Introduced a new more transparent coal allocation policy for Power Sector, 2017-SHAKTI (Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India).

S13. Ans.(a)
Sol. Forbes magazine has named Reliance Industries (RIL) Chairman Mukesh Ambani as the topmost among its "Global Game Changers" who are transforming their industries and changing the lives of billions around the world. Forbes is an American business magazine was founded in 1917. Forbes headquarter is in New York City, USA.

S14. Ans.(c)
Sol. Softbank has made its biggest investment in an Indian digital enterprise by sealing a funding round of Rs 9,000 crore ($1.4 billion) in mobile payments provider Paytm. The Japanese internet and telecom conglomerate will now own about a fifth of the Noida-based company estimated to be worth $8 billion, making it the country’s second most valuable startup. This is the largest fund infusion by a single investor in an Indian start-up and also Softbank's largest investment in a single company in India.

S15. Ans.(d)
Sol. Full form of US-based company NASA is National Aeronautics and Space Administration (NASA)