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

May 18, 2017    

Important General Awareness Questions about Economy/Banking for SBI PO 2017
Important General Awareness Questions about Economy/Banking for BOB/SBI PO 2017 Set-13:
Dear Aspirants, Here we have given the list of important General Awareness Questions about Economy / Banking for the upcoming BOB PO PGDBF/SBI PO Mains 2017 Examination. Candidates those who are preparing for the examination can use this.

1). Who has been recently appointed as the Executive Director (ED) of Reserve Bank of India?
a)   Viral Acharya
b)   Surekha Marandi
c)   Malvika Sinha 
d)   BP Kanungo
e)   M Rajeshwar Rao


Answer: c)
Explanation: The Reserve Bank of India has appointed Malvika Sinha as Executive Director (ED), who took charge on April 3, 2017. As Executive Director, Sinha will look after Foreign Exchange Department, Department of Government and Bank Accounts and Internal Debt Management Department. Notably, Sinha holds a master's degree from University of Bombay and has done her master's in Public Administration.
2). Which country has signed deal with India to supply advanced medium-range surface-to-air missile systems of worth $2 billion (nearly Rs.13,000 crore) ?
a)   Japan
b)   Russia
c)   Israel
d)   Spain
e)   Kenya


Answer: c)
Explanation: Israel Aerospace Industries (IAI) has announced that it has signed a $2 billion (nearly Rs.13,000 crore) contract with India to supply advanced medium-range surface-to-air missile systems. IAI said it was their largest defence contract. IAI added that it would also supply additional long-range air and missile defence systems for the first locally-made Indian aircraft carrier.
3). Who has sworn in as new MD of Saraswat Co-operative Bank?
a)   Ashok Bajaj
b)   Ramesh Chandra Chaubey
c)   Gautam Bora
d)   Smita Sandhane
e)   K. N. Rajanna


Answer: d)
Explanation: Saraswat Co-operative Bank said Smita Sandhane has taken charge as Managing Director of the bank with effect from April 1. She is the first woman chief of India's largest urban co-operative bank. Prior to her elevation, Sandhane was the Joint Managing Director of the bank. She has been with the bank since 1982. Sandhane has taken over from S.K. Banerji, who retired from the services of the bank on March 31, 2017. Banerji is now an Advisor to the bank's board.
4). How much fund has been released by central government for states under Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS)?
a)   Rs. 32,500 Crore
b)   Rs. 42,500 Crore
c)   Rs, 24,500 Crore
d)   Rs. 23,500 Crore
e)   Rs. 22,000 Crore


Answer: d)
Explanation: Ministry of Rural Development has released nearly 23,500 crore rupees to the States as first tranche for this Financial Year, under Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). The amount released includes all pending liabilities as on 31st March, 2017. It is also to ensure priority work on water conservation measures. The Government is laying considerable emphasis on Water Conservation and Water Management works under MGNREGS.
5). Name the online retailer which has acquired eBay India for USD 1.4 billions?
a)   Amazon
b)   Snapdeal
c)   Flipkart
d)   Shopclues
e)   PayTm


Answer: c)
Explanation: India’s largest online retailer Flipkart on 10 April 2017 raised a total fund of USD 1.4 billion from China’s Tencent, US-based e-commerce firm eBay and software maker Microsoft. Moreover, it also acquired eBay’s Indian operations in a move to build a ‘mahagathbandhan’ of global tech giants to counter Amazon
6). Which is planning to raise Rs.7,000 crore, to give a fillip to affordable rural housing deployed with a Ministry of Rural Development?
a)   SIDBI                                                               
b)   RRB
c)   NABARD
d)   RBI
e)   SBI


Answer: c)
Explanation: To give a fillip to affordable rural housing, the National Bank for Agriculture and Rural Development (Nabard) is planning to raise Rs.7,000 crore, which in turn will be deployed with a Ministry of Rural Development (MoRD) special purpose vehicle (SPV) that will undertake projects under the aegis of the Pradhan Mantri Awaas Yojana–Gramin (PMAY-G). In view of the challenges facing affordable rural housing and in keeping with its rural development mandate, Nabard has initiated talks with MoRD for raising resources, said a senior official.
7). Which portal transacts record Rs. 15,000 Cr business in 1 year?
a)   BSE
b)   NABARD
c)   SIDBI
d)   eNAM
e)   NSE


Answer: d)
Explanation: The national agriculture market- eNAM has transacted a record 15 thousand crore rupees business in one year. In April last year, Prime Minister Narendra Modi launched National Agriculture Market portal eNAM to connect e-mandis in several States. Additional Secretary of Agriculture Ministry Ashok Dalwai said this after holding the review meeting of Agricultural market reforms and other initiatives to enhance farmers’ income in New Delhi.
8). Which Bank appointed Mahabaleshwara MS as it's new MD and CEO?
a)   Indian Bank
b)   Indian Overseas Bank
c)   Canara Bank
d)   Karnataka Bank
e)   IDBI


Answer: d)
Explanation: Karnataka Bank Ltd has announced top-level management changes with the present Managing Director and Chief Executive Officer (MD and CEO) of the bank, P Jayarama Bhat, assuming the charge of part-time non-executive Chairman of the bank. The Chief General Manager of the bank, Mahabaleshwara MS, who is appointed as MD and CEO of the bank.
9). Who was appointed as Whole Time Member of IBBI?
a)   M. S. Sahoo
b)   Mukulita Vijayawargiya
c)   Vijayawargiya Rahul
d)   Karthik Vijayawargiya
e)   Sahoo Murthy


Answer: b)
Explanation: Mukulita Vijayawargiya took charge as Whole Time Member of the Insolvency and Bankruptcy Board of India (IBBI) in New Delhi. Vijayawargiya will look after Administrative Law Wing of IBBI. She will also look after Information Technology, Limited Insolvency Examination, National Insolvency Examination, Finance and Accounts and Communication.
10). Which state government will sign a reworked MoU with Hindustan Petroleum Corporation Limited -HPCL for the Rs 43,129 crore Barmer refinery in the presence of Union Minister of state for petroleum and natural gas?
a)   Punjab
b)   Haryana
c)   Gujarat
d)   Andhra Pradesh
e)   Rajasthan


Answer: e)
Explanation: In Rajasthan, the state government will sign a reworked MoU with Hindustan Petroleum Corporation Limited -HPCL for the Rs 43,129 crore Barmer refinery in the presence of Union Minister of state for petroleum and natural gas Dharmendra Pradhan and Chief Minister Vasundhara Raje. The Barmer refinery will be the first in the country to produce BS-6 standard fuel. The state government will have 26% stake in the project while rest will be held by HPCL.

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Important General Awareness Questions about Economy/Banking for BOB/SBI PO 2017 4.5 5 Yateendra sahu May 18, 2017 Important General Awareness Questions about Economy/Banking for BOB/SBI PO 2017 Set-13 : Dear Aspirants, Here we have given the list of im...


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