Important General Awareness Questions about Economy/Banking for SBI PO 2017 Set-8:
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.
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Answer: c)
Explanation: The British government faces a €2 billion fine (over Rs.14,000 crore) for negligence that allowed criminal gangs to flood European black markets with illegal Chinese goods, EU anti-fraud investigators have said. France, Germany, Spain and Italy collectively lost €3.2 billion (over Rs.22,000 crore) during 2013-2016 in VAT revenues, as a result of British failures in handling imports at its ports.
Answer: e)
Explanation: ICICI Bank topped the list of banks that witnessed most number of frauds, with State Bank of India taking the second spot, during April-December 2016 period, RBI data revealed. As many as 455 fraud cases involving Rs.1 lakh and above were detected in ICICI Bank, followed by SBI at 429. Further, 450 employees were involved in fraud in various banks.
Answer: b)
Explanation: The government appointed B.P. Kanungo as a deputy governor of the Reserve Bank of India (RBI). The Appointments Committee of the Cabinet (ACC) said that Kanungo will take charge on 3 April, after present deputy governor R. Gandhi’s retirement. Kanungo is a career central banker and was appointed as an RBI executive director on 1 March 2016. He has been incharge of the foreign exchange department, internal debt management department and department of government and bank accounts.
Answer: d)
Explanation: Jammu and Kashmir government has granted around 169 crore rupees plan outlay for the border district of Kathua for the financial year 2017-18. An official spokesperson said the District Development Board (DDB) of Kathua met in Jammu yesterday under the chairmanship of state Minister for PHE, Irrigation and Flood Control, Sham Lal Choudhary, and approved the plan outlay. Union Minister of State in the Prime Minister's Office Jitendra Singh, Deputy Chief Minister Nirmal Singh were among those who attended the meeting.
Answer: b)
Explanation: Canara HSBC Oriental Bank of Commerce Life Insurance Company plans to launch a pure term insurance product, with return of premium, in April in the wake of the insurance regulator coming out with guidelines for the same. The Gurugram (Haryana)-headquartered life insurer will shortly approach the Insurance Regulatory and Development Authority of India (IRDAI) to get approval for the product, said a top official.
Answer: b)
Explanation: State Bank of India has announced a one-time farm loan settlement scheme worth 6,000 crore rupees primarily for tractors. SBI in a tweet said, One Time Settlement is announced for Agriculture Loans and the Scheme is valid until 31st of this month. Nation's largest lender urged farmers to contact their branch for details & benefits.
Answer: b)
Explanation: HDFC Bank launched digital Loan against Securities (LAS) allowing customers to avail loans in less than 3 minutes. The service will also be available to customers with no credit history. The bank, which will offer 10.5 per cent interest rate on the product, will soon expand the offering to other securities such as mutual funds, bonds and insurance policies.
Answer: b)
Explanation: Hyderabad has been ranked as the city with the highest quality of living among Indian cities, as per Mercer 2017 Quality of Living Index. However, Hyderabad has slipped down five spots in the global rankings. Further, New Delhi continued to be ranked the lowest among the Indian cities on the list for the second straight year.
Answer: c)
Explanation: The Executive Committee (EC) of National Mission for Clean Ganga approved 20 projects worth nearly Rs 1900 crore. Out of 20 projects, 13 are in Uttarakhand that includes creating new sewage treatment plants, upgrading existing STPs and laying of sewage networks in Haridwar at an estimated cost of around Rs 415 crore.
Answer: e)
Explanation: Jammu & Kashmir Bank said a meeting of its board of directors is scheduled to be held on March 20 to consider and approve the allotment of equity shares to the J&K state government on a preferential basis, aggregating to an amount of about Rs. 250 crore. The issue of 3,65,55,051 equity shares of Re 1 each fully paid-up to the J&K government will be at the issue price of Rs. 68.39 per equity share (including a premium of Rs. 67.39 per equity share), the bank said in a stock exchange notification.
1). How much fine did the British government paid for negligence that allowed criminal gangs to flood European black markets with illegal Chinese goods ?
a) Rs. 17,000 crore
b) Rs. 21,500 crore
c) Rs. 14,000 crore
d) Rs. 22,300 crore
e) Rs. 19,000 crore
Answer: c)
Explanation: The British government faces a €2 billion fine (over Rs.14,000 crore) for negligence that allowed criminal gangs to flood European black markets with illegal Chinese goods, EU anti-fraud investigators have said. France, Germany, Spain and Italy collectively lost €3.2 billion (over Rs.22,000 crore) during 2013-2016 in VAT revenues, as a result of British failures in handling imports at its ports.
2). Which bank has recently witnessed most number of frauds during April-December 2016 period ?
a) State Bank of India
b) Canara Bank
c) Bank Of Baroda
d) Karur Vysya Bank
e) ICICI Bank
Answer: e)
Explanation: ICICI Bank topped the list of banks that witnessed most number of frauds, with State Bank of India taking the second spot, during April-December 2016 period, RBI data revealed. As many as 455 fraud cases involving Rs.1 lakh and above were detected in ICICI Bank, followed by SBI at 429. Further, 450 employees were involved in fraud in various banks.
3). Who is been newly appointed as the deputy governor of the Reserve Bank of India (RBI) after the end of R. Gandhi’s term period by April ?
a) Shathi kandha Das
b) B.P. Kanungo
c) Rohit Ranveer
d) Rajat Sharma
e) K. Radhakrishnan
Answer: b)
Explanation: The government appointed B.P. Kanungo as a deputy governor of the Reserve Bank of India (RBI). The Appointments Committee of the Cabinet (ACC) said that Kanungo will take charge on 3 April, after present deputy governor R. Gandhi’s retirement. Kanungo is a career central banker and was appointed as an RBI executive director on 1 March 2016. He has been incharge of the foreign exchange department, internal debt management department and department of government and bank accounts.
4). How much rupees fund allotted for Kathua district of Jammu and Kashmir for its development ?
a) Rs. 151 crore
b) Rs. 193 crore
c) Rs. 127 crore
d) Rs. 169 crore
e) Rs. 233 crore
Answer: d)
Explanation: Jammu and Kashmir government has granted around 169 crore rupees plan outlay for the border district of Kathua for the financial year 2017-18. An official spokesperson said the District Development Board (DDB) of Kathua met in Jammu yesterday under the chairmanship of state Minister for PHE, Irrigation and Flood Control, Sham Lal Choudhary, and approved the plan outlay. Union Minister of State in the Prime Minister's Office Jitendra Singh, Deputy Chief Minister Nirmal Singh were among those who attended the meeting.
5). Which Life Insurance Company plans to launch a pure term insurance product, with return of premium ?
a) Birla Sun Life Insurance Company Limited
b) Canara HSBC Oriental Bank of Commerce Life Insurance Company
c) PNB MetLife India Insurance Company Limited
d) HDFC Standard Life Insurance Company
e) IndiaFirst Life Insurance Company
Answer: b)
Explanation: Canara HSBC Oriental Bank of Commerce Life Insurance Company plans to launch a pure term insurance product, with return of premium, in April in the wake of the insurance regulator coming out with guidelines for the same. The Gurugram (Haryana)-headquartered life insurer will shortly approach the Insurance Regulatory and Development Authority of India (IRDAI) to get approval for the product, said a top official.
6). Which bank has recently announced a one-time farm loan settlement scheme worth 6,000 crore rupees primarily for tractors
a) Indian Bank
b) State Bank of India
c) Karnataka Bank
d) Canara Bank
e) ICICI Bank
Answer: b)
Explanation: State Bank of India has announced a one-time farm loan settlement scheme worth 6,000 crore rupees primarily for tractors. SBI in a tweet said, One Time Settlement is announced for Agriculture Loans and the Scheme is valid until 31st of this month. Nation's largest lender urged farmers to contact their branch for details & benefits.
7). Which bank has launched digital Loan against Securities (LAS) allowing customers to avail loans in less than 3 minutes ?
a) ICICI Bank
b) HDFC Bank
c) Axis Bank
d) Dena Bank
e) Federal Bank
Answer: b)
Explanation: HDFC Bank launched digital Loan against Securities (LAS) allowing customers to avail loans in less than 3 minutes. The service will also be available to customers with no credit history. The bank, which will offer 10.5 per cent interest rate on the product, will soon expand the offering to other securities such as mutual funds, bonds and insurance policies.
8). Which city of India ranked as the highest quality of living as per Mercer 2017 Quality of Living Index ?
a) Chennai
b) Hyderabad
c) Nagpur
d) Bangalore
e) Jaipur
Answer: b)
Explanation: Hyderabad has been ranked as the city with the highest quality of living among Indian cities, as per Mercer 2017 Quality of Living Index. However, Hyderabad has slipped down five spots in the global rankings. Further, New Delhi continued to be ranked the lowest among the Indian cities on the list for the second straight year.
9). What is the cost worth of 20 projects which got approval from The Executive Committee (EC) of National Mission for Clean Ganga?
a) Rs 1600 crore
b) Rs 1250 crore
c) Rs 1900 crore
d) Rs 2050 crore
e) Rs 1725 crore
Answer: c)
Explanation: The Executive Committee (EC) of National Mission for Clean Ganga approved 20 projects worth nearly Rs 1900 crore. Out of 20 projects, 13 are in Uttarakhand that includes creating new sewage treatment plants, upgrading existing STPs and laying of sewage networks in Haridwar at an estimated cost of around Rs 415 crore.
10). Which bank has planned for earn fund of Rs. 250 crore by allotment of equity shares to the J&K state government ?
a) Bank of Maharashtra
b) State Bank of Bikaner and Jaipur
c) DCB Bank
d) IDFC Bank
e) Jammu and Kashmir Bank
Answer: e)
Explanation: Jammu & Kashmir Bank said a meeting of its board of directors is scheduled to be held on March 20 to consider and approve the allotment of equity shares to the J&K state government on a preferential basis, aggregating to an amount of about Rs. 250 crore. The issue of 3,65,55,051 equity shares of Re 1 each fully paid-up to the J&K government will be at the issue price of Rs. 68.39 per equity share (including a premium of Rs. 67.39 per equity share), the bank said in a stock exchange notification.
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