Important General Awareness Questions about Economy/Banking for BOB/SBI PO 2017 Set-10:
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.
Answer: a)
Explanation: Bihar CM Nitish Kumar released the state's startup policy at the Bihar Entrepreneurship Summit. "We have given the youth and entrepreneurs a revised startup policy, and set up a Rs.500-crore fund to encourage and facilitate entrepreneurship," the Chief Minister said. Kumar also asked the shortlisting committee for the funding applications to be more communicative to ensure transparency.
2). Which state government has signed MoU with SBI to provide Housing and Educational Loan at subsidised interest rates to the employees of the state government ?
Answer: e)
Explanation: A MoU was signed in Guwahati between Assam government and State Bank of India to provide Housing and Educational Loan at subsidised interest rates to the employees of the state government. The Assam Government will provide interest subsidy at the rate of 3.50% for housing loan and at suitable rate to make education loan at 4%. Accordingly, the state government employees will get substantial benefit in terms of interest rates and reduced EMI.
3). What is the project cost of 403-kilometre National Highways between Meghalaya and Mizoram which recently got approval from Center?
Answer: c)
Explanation: The Centre approved projects to construct National Highways in Meghalaya and Mizoram at the cost of Rs.6,721 crore. Work on the 403-kilometre project will begin during the financial year 2017-18. It will improve infrastructure in Meghalaya and Mizoram and enhance connectivity with inter-state roads and international borders, read an official statement.
Answer: a)
Explanation: Home loan applicants with annual incomes from Rs.6 lakh to Rs.18 lakh per annum will be eligible for interest subsidy on housing loans. The subsidy has been enabled under the new Credit Linked Subsidy Scheme for Middle Income Groups (CLSS-MIG) by the Ministry of Housing and Urban Poverty Alleviation. The scheme has been envisaged for one year. In a press statement, the government said, “Those who have been sanctioned housing loans and whose applications are under consideration since January 1 this year are also eligible for interest subsidy.”
Answer: b)
Explanation: The Union Cabinet, chaired by the Prime Minister Narendra Modi, on 22 March 2017 approved the proposal for Amendments to the National Bank for Agriculture and Rural Development (NABARD) Act, 1981. Amendments to National Bank for Agriculture and Rural Development Act, 1981 include provisions that enable Union Government to increase the authorized capital of NABARD from Rs 5000 crore to Rs 30000 crore. It also proposes to increase the authorised capital beyond Rs 30000 crore in consultation with RBI, as deemed necessary from time to time. It also proposes the transfer of 0.4 per cent shareholding of RBI in NABARD to the Union Government. The shareholding of RBI amounts to Rs 20 crore.
Answer: d)
Explanation: IDFC Bank plans to build a network of more than one lakh points-of-presence in the next two years to enable people in the farthest corners of the country to transact digitally, a move that comes amid the government’s digitisation drive. The Mumbai-based private lender plans to set up 30,000 micro ATMs and 75,000 Aadhaar Pay merchant points as part of its plan.
Answer: a)
Explanation: The World Bank has signed a 100 million US dollar credit agreement with the Centre and Uttarakhand in New Delhi to improve quality of health care services in all 13 districts of the state. World Bank said in a statement that most public health facilities in the middle and upper mountainous areas of Uttarakhand are unable to function optimally. It said large-scale vacancies of health staff is the reason as deployment and retention in such geographically remote areas has proven to be extremely difficult.
Answer: a)
Explanation: India has signed Financing Agreement with World Bank for 100 million US dollars for Uttarakhand Health Systems Development Project. The agreement was signed in Delhi by Raj Kumar who is Joint Secretary, Department of Economic Affairs, and Hisham Abdo, Acting Country Director, of World Bank. An official release said the objective of the project is to improve access to quality health services, particularly in the hilly districts of Uttarakhand. It will help expand health financial risk protection and benefit the residents of hilly districts in particular.
Answer: d)
Explanation: The Finance Bill 2017, which has been passed by the Lok Sabha, comes with a number of amendments, including imposing a limit of Rs.2 lakh on cash transactions. The Bill also makes Aadhaar mandatory for filing Income Tax returns and for getting a PAN. Further, the Bill enables Income Tax officers to raid homes without providing any reason.
Answer: e)
Explanation: HDFC Bank's Managing Director Aditya Puri has featured on the list of world's 30 best CEOs, published by American financial magazine Barron's. "Puri, 66, has transformed HDFC Bank from a start-up into one of the world's highest-quality banks," Barron's said. Notably, the list also features Amazon's Jeff Bezos and Facebook's Mark Zuckerberg, among others.
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1). The fund allotted by Bihar government on start up policy to encourage entrepreneurs in the state?
a) Rs.500-crore
b) Rs.250-crore
c) Rs.4300-crore
d) Rs.650-crore
e) Rs.800-crore
Answer: a)
Explanation: Bihar CM Nitish Kumar released the state's startup policy at the Bihar Entrepreneurship Summit. "We have given the youth and entrepreneurs a revised startup policy, and set up a Rs.500-crore fund to encourage and facilitate entrepreneurship," the Chief Minister said. Kumar also asked the shortlisting committee for the funding applications to be more communicative to ensure transparency.
2). Which state government has signed MoU with SBI to provide Housing and Educational Loan at subsidised interest rates to the employees of the state government ?
a) Jharkhand
b) Haryana
c) Karnataka
d) Mizoram
e) Assam
Answer: e)
Explanation: A MoU was signed in Guwahati between Assam government and State Bank of India to provide Housing and Educational Loan at subsidised interest rates to the employees of the state government. The Assam Government will provide interest subsidy at the rate of 3.50% for housing loan and at suitable rate to make education loan at 4%. Accordingly, the state government employees will get substantial benefit in terms of interest rates and reduced EMI.
3). What is the project cost of 403-kilometre National Highways between Meghalaya and Mizoram which recently got approval from Center?
a) Rs.5,374 crore
b) Rs.4,137 crore
c) Rs.6,721 crore
d) Rs.6,485 crore
e) Rs.5,210 crore
Answer: c)
Explanation: The Centre approved projects to construct National Highways in Meghalaya and Mizoram at the cost of Rs.6,721 crore. Work on the 403-kilometre project will begin during the financial year 2017-18. It will improve infrastructure in Meghalaya and Mizoram and enhance connectivity with inter-state roads and international borders, read an official statement.
4). What is the range of annual income of Home loan applicants who will be eligible for interest subsidy on housing loans ?
a) Rs.6 lakh to Rs.18 lakh per annum
b) Below Rs.6 lakh per annum
c) Rs.6 lakh to Rs.16 lakh per annum
d) Rs.10lakh to Rs.18 lakh per annum
e) Above Rs.6 lakh per annum
Answer: a)
Explanation: Home loan applicants with annual incomes from Rs.6 lakh to Rs.18 lakh per annum will be eligible for interest subsidy on housing loans. The subsidy has been enabled under the new Credit Linked Subsidy Scheme for Middle Income Groups (CLSS-MIG) by the Ministry of Housing and Urban Poverty Alleviation. The scheme has been envisaged for one year. In a press statement, the government said, “Those who have been sanctioned housing loans and whose applications are under consideration since January 1 this year are also eligible for interest subsidy.”
5). Which NABARD Act has been recently came for Amendment to enable Union Government to increase the authorized capital of NABARD ?
a) NABARD Act, 1949
b) NABARD Act, 1981
c) NABARD Act, 1977
d) NABARD Act, 1986
e) NABARD Act, 1993
Answer: b)
Explanation: The Union Cabinet, chaired by the Prime Minister Narendra Modi, on 22 March 2017 approved the proposal for Amendments to the National Bank for Agriculture and Rural Development (NABARD) Act, 1981. Amendments to National Bank for Agriculture and Rural Development Act, 1981 include provisions that enable Union Government to increase the authorized capital of NABARD from Rs 5000 crore to Rs 30000 crore. It also proposes to increase the authorised capital beyond Rs 30000 crore in consultation with RBI, as deemed necessary from time to time. It also proposes the transfer of 0.4 per cent shareholding of RBI in NABARD to the Union Government. The shareholding of RBI amounts to Rs 20 crore.
6). Which bank has planned to set up 30,000 micro ATMs and 75,000 Aadhaar Pay merchant points in the next two years ?
a) Axis Bank
b) IDBI Bank
c) Federal Bank
d) IDFC Bank
e) Canara Bank
Answer: d)
Explanation: IDFC Bank plans to build a network of more than one lakh points-of-presence in the next two years to enable people in the farthest corners of the country to transact digitally, a move that comes amid the government’s digitisation drive. The Mumbai-based private lender plans to set up 30,000 micro ATMs and 75,000 Aadhaar Pay merchant points as part of its plan.
7). What is the cost worth of agreement made by Centre and Uttarakhand with World Bank on improving quality of health care services in all 13 districts of the state ?
a) 100 million USD
b) 140 million USD
c) 89 million USD
d) 114 million USD
e) 135 million USD
Answer: a)
Explanation: The World Bank has signed a 100 million US dollar credit agreement with the Centre and Uttarakhand in New Delhi to improve quality of health care services in all 13 districts of the state. World Bank said in a statement that most public health facilities in the middle and upper mountainous areas of Uttarakhand are unable to function optimally. It said large-scale vacancies of health staff is the reason as deployment and retention in such geographically remote areas has proven to be extremely difficult.
8). What is the worth of Financing Agreement signed by India with World Bank for Uttarakhand Health Systems Development Project ?
a) 100 million USD
b) 127 million USD
c) 84 million USD
d) 115 million USD
e) 146 million USD
Answer: a)
Explanation: India has signed Financing Agreement with World Bank for 100 million US dollars for Uttarakhand Health Systems Development Project. The agreement was signed in Delhi by Raj Kumar who is Joint Secretary, Department of Economic Affairs, and Hisham Abdo, Acting Country Director, of World Bank. An official release said the objective of the project is to improve access to quality health services, particularly in the hilly districts of Uttarakhand. It will help expand health financial risk protection and benefit the residents of hilly districts in particular.
9). What is the maximum amount limited over cash transactions in the new amendments made on The Finance Bill 2017 passed in Lok Sabha ?
a) Rs. 5 Lakhs
b) Rs. 3 Lakhs
c) Rs. 8 Lakhs
d) Rs. 2 Lakhs
e) Rs. 2.5 Lakhs
Answer: d)
Explanation: The Finance Bill 2017, which has been passed by the Lok Sabha, comes with a number of amendments, including imposing a limit of Rs.2 lakh on cash transactions. The Bill also makes Aadhaar mandatory for filing Income Tax returns and for getting a PAN. Further, the Bill enables Income Tax officers to raid homes without providing any reason.
10). Name the MD of an Indian bank who's name listed in the world's 30 best CEOs, published by American financial magazine Barron's ?
a) Rana Kapoor
b) Pramit Jhaveri
c) Rajiv Lall
d) Chanda Kochhar
e) Aditya Puri
Answer: e)
Explanation: HDFC Bank's Managing Director Aditya Puri has featured on the list of world's 30 best CEOs, published by American financial magazine Barron's. "Puri, 66, has transformed HDFC Bank from a start-up into one of the world's highest-quality banks," Barron's said. Notably, the list also features Amazon's Jeff Bezos and Facebook's Mark Zuckerberg, among others.
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