Important General Awareness Questions about Economy/Banking for BOB/SBI PO 2017 Set-9:
Dear Aspirants, Here we have given the list of important General Awareness Questions about Economy / Banking for the upcoming BOB PO PGDBF/SBI PO 2017 Examination. Candidates those who are preparing for the examination can use this.
1). Which bank has signed agreement with Avenues India Pvt Ltd, on providing the merchants with seamless access to the Point of Sale (POS) and the payment gateway products ?
Answer: c)
Explanation: Bandhan Bank Ltd announced the signing of an agreement with Avenues India Pvt Ltd, the leading payment solution provider in India. The agreement signed at the Bandhan Bank headquarters in Kolkata. The pact was signed to provide the merchants with seamless access to the Point of Sale (POS) and the payment gateway products. The partnership will help merchants to have speedier and more direct access to POS machines, payment gateways and competitive financing options.
Answer: d)
Explanation: The World Bank Group (WBG) approved USD 210 million loan to strengthen gram panchayats (GPs) in West Bengal. The loan amount will be utilized for the implementation of the Phase II of the West Bengal Support to Institutional Strengthening of Gram Panchayat Program (ISGPP-II). The ISGPP-II will support all 3,342 GPs in the state to eIectively utilize untied and discretionary funds that are being provided to them under the inter-governmental fiscal transfer system.
Answer: a)
Explanation: The World Bank Board approved the USD 175 million National Hydrology Project to strengthen capacity of institutions to assess water situation in their regions. This loan from the International Bank for Reconstruction and Development (IBRD) of World Bank will have a 6-year grace period and a maturity of 23 years. The project is aimed at assisting the institutions in reducing the vulnerability to recurring flood and droughts.
Answer: c)
Explanation: The government said the Reserve Bank of India (RBI) has been authorised to conduct field trials of plastic notes of Rs.10. Minister of State for Finance Arjun Ram Meghwal said “it has been decided” to conduct the trial with plastic notes at five locations of the country. He further said plastic notes are expected to last longer than cotton substrate based banknotes.
Answer: b)
Explanation: ICICI India’s largest private sector bank by consolidated assets, announced the launch of a mobile banking app for rural customers that allow them to access banking services as well as information on agri services. The app is open for both bank customers as well as others and is available in eleven different languages. Named ‘Mera iMobile’, it allows users in rural areas to avail as many as 135 services -- some of which are unprecedented in the industry -- on their mobile phone, helping them to save the time and cost of visiting a branch to avail these services.
Answer: a)
Explanation: World Bank has announced 57 billion US dollar financing for sub-Saharan Africa over the next three fiscal years. Of that total, 45 billion dollar will come from the International Development Association, the World Bank fund that provides grants and interest-free loans for the world's poorest countries. World Bank President Jim Yong Kim in a statement said the package will also feature an estimated 8 billion dollar in private sector investments from the International Finance Corporation, a private-sector branch of the World Bank, and 4 billion dollar will come from the International Bank for Reconstruction and Development, the bank's unit for middle-income nations.
Answer: a)
Explanation: IDBI Bank said it has appointed Mahesh Kumar Jain as its new managing director and chief executive officer. "Mahesh Kumar Jain, MD & CEO of Indian Bank has been appointed as MD & CEO of IDBI Bank," the bank said in a statement. Mr Jain will head IDBI Bank for the remaining period of his current tenure or until further orders, whichever is earlier, IDBI Bank added. The present MD and CEO of IDBI Bank, Kishor Kharat, has been appointed as MD and CEO of Indian Bank, it added. The appointment will be effective from the date Mr Jain will assume charge of the bank.
Answer: d)
Explanation: The government announced the merger of the Bhartiya Mahila Bank (BMB) with the State Bank of India (SBI). The Cabinet has already given its in-principle approval to the merger of the two banks and the Ministry is likely to seek final approval soon. The decision for the merger was taken due to SBI’s large branch network, which is expected to help BMB that has met with only partial success in its objective to reach out to women.
Answer: b)
Explanation: India and Mauritius signed a Memorandum of Understanding (MoU) to execute a USD 20 million social housing project in Mauritius. The MoU was signed in the presence of the Union Minister of Urban Development M Venkaiah Naidu and the visiting Mauritius’s Vice-Prime Minister and Minister of Housing and Lands Showkutally Soodhun. As per the MoU, the NBCC (India) Limited of the Union Government will undertake construction of 700 duplex type houses with 50 square meters net floor area.
Answer: a)
Explanation: Madhabi Puri Buch was appointed as the Whole Time Member of Securities and Exchange Board of India (SEBI). She will the office for a period of three years. This appointment marks the first time that a woman and a person from the private sector was chosen for a key post in SEBI. So far, Members and Chairman at SEBI were mainly appointed from public sector institution such as the Reserve Bank of India (RBI) and Indian Administrative Services (IAS).
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a) ICICI Bank
b) Bank of Baroda
c) Bandhan Bank Ltd
d) Yes Bank
e) Punjab National Bank
Answer: c)
Explanation: Bandhan Bank Ltd announced the signing of an agreement with Avenues India Pvt Ltd, the leading payment solution provider in India. The agreement signed at the Bandhan Bank headquarters in Kolkata. The pact was signed to provide the merchants with seamless access to the Point of Sale (POS) and the payment gateway products. The partnership will help merchants to have speedier and more direct access to POS machines, payment gateways and competitive financing options.
2). How much loan does the world bank group has approved for to strengthening gram panchayats (GPs) in West Bengal state ?
a) USD 252 million
b) USD 231 million
c) USD 206 million
d) USD 210 million
e) USD 175 million
Answer: d)
Explanation: The World Bank Group (WBG) approved USD 210 million loan to strengthen gram panchayats (GPs) in West Bengal. The loan amount will be utilized for the implementation of the Phase II of the West Bengal Support to Institutional Strengthening of Gram Panchayat Program (ISGPP-II). The ISGPP-II will support all 3,342 GPs in the state to eIectively utilize untied and discretionary funds that are being provided to them under the inter-governmental fiscal transfer system.
3). How much loan fund does The World Bank Board has approved for National Hydrology Project to strengthen capacity of institutions?
a) USD 175 million
b) USD 135 million
c) USD 186 million
d) USD 142 million
e) USD 210 million
Answer: a)
Explanation: The World Bank Board approved the USD 175 million National Hydrology Project to strengthen capacity of institutions to assess water situation in their regions. This loan from the International Bank for Reconstruction and Development (IBRD) of World Bank will have a 6-year grace period and a maturity of 23 years. The project is aimed at assisting the institutions in reducing the vulnerability to recurring flood and droughts.
4). Which of the following denomination does government has approved RBI to conduct field trials of plastic notes?
a) Rs. 50
b) Rs. 100
c) Rs. 10
d) Rs. 5
e) Rs. 20
Answer: c)
Explanation: The government said the Reserve Bank of India (RBI) has been authorised to conduct field trials of plastic notes of Rs.10. Minister of State for Finance Arjun Ram Meghwal said “it has been decided” to conduct the trial with plastic notes at five locations of the country. He further said plastic notes are expected to last longer than cotton substrate based banknotes.
5). What is the name of the app launched by ICICI with various agri and other valuable service for rural customers ?
a) Mobile Grama
b) Mera iMobile
c) Hamara iMobile
d) Kishan Mobile
e) Kishan mGrama
Answer: b)
Explanation: ICICI India’s largest private sector bank by consolidated assets, announced the launch of a mobile banking app for rural customers that allow them to access banking services as well as information on agri services. The app is open for both bank customers as well as others and is available in eleven different languages. Named ‘Mera iMobile’, it allows users in rural areas to avail as many as 135 services -- some of which are unprecedented in the industry -- on their mobile phone, helping them to save the time and cost of visiting a branch to avail these services.
6). How much fund has been allotted by World Bank for sub-Saharan Africa over the next three fiscal years ?
a) 57 billion USD
b) 21 billion USD
c) 17 billion USD
d) 44 billion USD
e) 63 billion USD
Answer: a)
Explanation: World Bank has announced 57 billion US dollar financing for sub-Saharan Africa over the next three fiscal years. Of that total, 45 billion dollar will come from the International Development Association, the World Bank fund that provides grants and interest-free loans for the world's poorest countries. World Bank President Jim Yong Kim in a statement said the package will also feature an estimated 8 billion dollar in private sector investments from the International Finance Corporation, a private-sector branch of the World Bank, and 4 billion dollar will come from the International Bank for Reconstruction and Development, the bank's unit for middle-income nations.
7). Who is recently appointed as the MD & CEO of IDBI Bank replacing Kishor Kharat ?
a) Mahesh Kumar Jain
b) Aditya Puri
c) Rakesh Sethi
d) Rana Kapoor
e) M. Narendran
Answer: a)
Explanation: IDBI Bank said it has appointed Mahesh Kumar Jain as its new managing director and chief executive officer. "Mahesh Kumar Jain, MD & CEO of Indian Bank has been appointed as MD & CEO of IDBI Bank," the bank said in a statement. Mr Jain will head IDBI Bank for the remaining period of his current tenure or until further orders, whichever is earlier, IDBI Bank added. The present MD and CEO of IDBI Bank, Kishor Kharat, has been appointed as MD and CEO of Indian Bank, it added. The appointment will be effective from the date Mr Jain will assume charge of the bank.
8). Which bank is recently announced to be merged with State Bank of India (SBI) ?
a) Indian Bank
b) Indian Overseas Bank
c) Punjab & Sindh Bank
d) Bhartiya Mahila Bank
e) Central Bank of India.
Answer: d)
Explanation: The government announced the merger of the Bhartiya Mahila Bank (BMB) with the State Bank of India (SBI). The Cabinet has already given its in-principle approval to the merger of the two banks and the Ministry is likely to seek final approval soon. The decision for the merger was taken due to SBI’s large branch network, which is expected to help BMB that has met with only partial success in its objective to reach out to women.
9). What is the cost of social housing project MoU signed between India and Mauritius ?
a) USD 15 million
b) USD 20 million
c) USD 26 million
d) USD 33 million
e) USD 12 million
Answer: b)
Explanation: India and Mauritius signed a Memorandum of Understanding (MoU) to execute a USD 20 million social housing project in Mauritius. The MoU was signed in the presence of the Union Minister of Urban Development M Venkaiah Naidu and the visiting Mauritius’s Vice-Prime Minister and Minister of Housing and Lands Showkutally Soodhun. As per the MoU, the NBCC (India) Limited of the Union Government will undertake construction of 700 duplex type houses with 50 square meters net floor area.
10). Who has been appointed as the Whole Time Member of Securities and Exchange Board of India (SEBI) ?
a) Madhabi Puri Buch
b) Sundara Raman
c) Mahesh Kumar Jain
d) Kishor Kharat
e) Ninad Karpe
Answer: a)
Explanation: Madhabi Puri Buch was appointed as the Whole Time Member of Securities and Exchange Board of India (SEBI). She will the office for a period of three years. This appointment marks the first time that a woman and a person from the private sector was chosen for a key post in SEBI. So far, Members and Chairman at SEBI were mainly appointed from public sector institution such as the Reserve Bank of India (RBI) and Indian Administrative Services (IAS).
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