Important General Awareness Questions about Economy/Banking for SBI PO 2017

Important General Awareness Questions about Economy/Banking for SBI PO 2017 Set-6:

Dear Aspirants, Here we have given the list of important General Awareness Questions about Economy / Banking for the upcoming SBI PO 2017 Examination. Candidates those who are preparing for the examination can use this.

1). Which state government has signed MoU with Invest India (National Investment Promotion and Facilitation Agency) to promote start-ups in the state ?

a) Mizoram

b) Karnataka

c) Odisha

d) Punjab

e) Jharkhand

Answer: c)
Explanation: To promote start-ups in the state, the Odisha government has signed an agreement with Invest India, the National Investment Promotion and Facilitation Agency of the Union ministry of commerce and industries. A toll-free start up helpline, 1800-345-7100, was launched on the occasion. Speaking on the occasion, the chief minister, said Startup Odisha Initiative and Startup India Hub run by the Invest India will help us in achieving the Mission-1000 Startups by the year 2020 and help the youth in realising their dreams..

2). Who is newly named as the next India’s Ambassador to the World Trade Organisation (WTO) ?

a) Vinit Rai

b) R Ankur Mittal

c) J S Deepak

d) R Manish Guptha

e) NK Sinha

Answer: c)
Explanation: Telecom Secretary J S Deepak was today named India's next Ambassador to the World Trade Organisation (WTO) from June this year. A 1982 batch IAS officer from Uttar Pradesh, Deepak, who is at present attending the World Mobile Congress at Barcelona, has been shifted from the telecom ministry and has been made Officer on Special Duty in the commerce department.

3). With which state government Yatra.com has signed deal to jointly promote homestays in the state?

a) Manipur

b) Jammu and Kashmir

c) Bihar

d) Odisha

e) Madhya Pradesh

Answer: e)
Explanation: Online travel company Yatra.com has announced that it signed an agreement with the Madhya Pradesh government to jointly promote homestays in the state. Under the agreement, Yatra will promote state tourism-approved homestays, where travellers can book a room with a local family or the entire house. Yatra had recently signed agreements with the Uttarakhand, Andhra Pradesh and Gujarat governments.

4). Which company has signed a Memorandum of Understanding (MoU) with Telangana government aimed at supporting the digitisation efforts of the state ?

a) TCS

b) Wipro

c) Reliance

d) Google India

e) IBM

Answer: d)
Explanation: Google India and Telangana government have signed a Memorandum of Understanding (MoU) aimed at supporting the digitisation efforts of the state. Google India will provide Google Cloud credits and access to all cloud platform products to eligible startups engaged with Telangana government’s T—Hub initiative and through its Developer Relations team provide technical mentorship and advisory support to various startups, a release issued by the government.

5). Which state government declared a draft defence and aerospace manufacturing policy to attract investment of 5 billion dollars over a period of five years ?

a) Odisha

b) Nagaland

c) Haryana

d) Maharashtra

e) Karnataka

Answer: d)
Explanation: Maharashtra government today announced a draft defense and aerospace manufacturing policy to attract investment of 5 billion dollars over a period of five years. The highlight of the policy is creation of a fund of 1000 crore rupees to support defense manufacturers, especially the medium and small manufacturing enterprises. Announcing the policy, Chief Minister Devendra Fadnavis said, Maharashtra is the first state to declare such a policy. He said, the draft will be finalised after incorporating suggestions made by the industry and the defense ministry.

6). Who is the Chairman and Managing Director of Union Bank ?

a) Aditya Puri

b) Rana Kapoor

c) Rakesh Sethi

d) Arun Tiwari

e) Kishor Kharat

Answer: d)
Explanation: Union Bank of India will strengthen its loan portfolio under retail, agriculture and MSME (RAM) to achieve its growth in advances, said a top official. For the year ended December 31, 2016, Union Bank’s RAM share in domestic advances stood at 54.8% against 51.1% for the corresponding period a year-ago. This will increase to 60% in a year’s time. “Whatever the growth guidance, we gave in the past three years in advances and deposits, we achieved those numbers. We are on track and my growth will come from retail, agriculture and MSME,” said Arun Tiwari, Chairman and Managing Director, Union Bank.

7). Which bank has planned to reintroduce penalty on non-maintenance of minimum balance in accounts from 1st of April 2017 ?

a) Axis Bank

b) Indian Bank

c) State Bank of India

d) Corporation Bank

e) Canara Bank

Answer: c)
Explanation: State Bank of India has decided to reintroduce penalty on non-maintenance of minimum balance in accounts from 1st of next month. Failing to maintain monthly average balance in accounts will attract penalty up to 100 rupees plus service tax. The public sector bank has also revised its charges on other services, including ATMs. The bank had suspended levying charges on breach of minimum balance requirements in 2012 to acquire new customers. The country's largest bank will now permit savings bank account holders to free of charge cash deposit only three times a month and levy 50 plus service tax on every transaction beyond that.

8). Which Indian airport ranked first in the world in the highest passenger handling capacity category in the survey ?

a) Veer Savarkar International Airport

b) Indira Gandhi International Airport

c) Biju Patnaik International Airport

d) Rajiv Gandhi International Airport

e) Coimbatore International Airport

Answer: d)
Explanation: GMR Hyderabad International Airport (also known as Rajiv Gandhi International Airport ) has been ranked first in the world in the highest passenger handling capacity category by the Airports Council International’s Airport Service Quality survey. The airport, running into its ninth year of operations, is designed to cater to 1.5 crore passengers per annum. The second position has been held by Delhi's Indira Gandhi International Airport.

9). Which bank has recently launched Aadhaar pay infrastructure to carry out cashless transactions ?

a) Canara Bank

b) IDFC Bank

c) Indian Bank

d) South Indian Bank

e) Andhra Bank

Answer: b)
Explanation: IDFC Bank today officially launched its Aadhaar pay infrastructure meant for those without any mobile phone to carry out cashless transactions. "It actually makes cashless transactions possible even for those who do not have mobile phones, but the merchant has to have a mobile phone. All one needs is to get the bank account number linked with Aadhaar. Basic banking services will come to those who even do not have basic mobile phones," said Rajiv Lall, founder MD and CEO, at the launch.

10). What is the growth per cent projected by Global rating agency Fitch on Indian economy in the current fiscal ?

a) 6.9

b) 7.7

c) 7.1

d) 7.5

e) 6.8

Answer: c)
Explanation: Global rating agency Fitch today said, Indian economy will grow by 7.1 per cent in the current fiscal before stepping up to 7.7 per cent in the next two financial years. The US-based agency has termed the 7 per cent GDP growth for the October-December quarter as surprising and a tad lower than 7.4 per cent in the previous quarter. It said the December quarter GDP number suggests that economic activity was hardly hit by the cash crunch after the government's move to remove 86 per cent of currency in circulation overnight.