Top 50 Banking Awareness Questions of 2014 1) Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched on which date? a) 28 July 2014 b) 28 August 2014 c) 15 August 2014 d) 31 July 2014 …………………………………………………. 2) SEBI now has the power to act against ponzi schemes, illegal deposit schemes and assess call data records in securities-related offences for schemes with public deposit valuing – a) over Rs. 100 crore b) over Rs. 200 core c) over Rs. 500 crore d) over Rs. 1,000 crore …………………………………………………. 3) The Reserve Bank of India (RBI) announced its first bi-monthly monetary policy statement on which date, as an alternative to the traditional quarterly monetary policy statement? a) 31 March 2014 b) 2 June 2014 c) 1 April 2014 d) 15 May 2014 …………………………………………………. 4) What is the name assigned to SBI’s newly conceived fully digital branches, six of which were inaugurated across the country on 1 July 2014? a) sbiINTOUCH b) sbiTOUCH c) sbiFULLTOUCH d) INTOUCHSBI …………………………………………………. 5) Which two financial entities were on 2 April 2014 granted in-principle approval of bank licences by the RBI? – a) IDFC Limited and Bandhan Financial Services b) L&T Finance Holdings and Shriram Capital c) IDFC Limited and IFCI d) Reliance Capital and Bajaj Finserv ………………………………………………. 6) According to the announcement made in November 2014, Kotak Mahindra Bank (KMB) will acquire Bangalore-based ING Vysya Bank in an all-stock deal worth $2.5 billion (about Rs.15,000 crore). With this the resulting entity will become ……………largest private sector banking in India? a) 4th b) 5th c) 3rd d) 6th …………………………………………………. 7) Which private-sector bank announced its unique ‘Cardless Cash Withdrawal’ service during September 2014, which allows its customers to transfer money from their account to anyone in India with a mobile number? a) ABN-Amro Bank b) IndusInd Bank c) ICICI Bank d) HDFC Bank ………………………………………………. 8) The proposal to set up an Expenditure Management Commission (EMC) to bring in reforms related to govt. spending, came out of which of the following? a) Recommendations of Tax Administration Reform Commission b) Recommendations of Nachiket Mor Committee c) RBI’s latest Monetary Policy Review (Aug 2014) d) Union Budget 2014-15 …………………………………………………. 9) Which public sector non-banking entity is in the process of setting up around 3,000 of its own ATMs and 1.35 lakh micro-ATMs at its branches spread all across the country? a) LIC b) Indian Railways c) IRCTC d) India Post …………………………………………………. 10) Which professional services firm was hired by the Union Finance Ministry to undertake a validation exercise of the number of basic bank accounts opened by the banks under the Pradhan Mantri Jan Dhan Yojana (PMJDY)? a) Goldman Sachs b) KPMG c) JP Morgan d) M. Porter …………………………………………………. 11) SBI was ranked No. 1 in the mobile banking segment in the country, as reported in a report released by the RBI during September 2014. What the approximate number of mobile banking users of SBI was as stated in this report? a) Around 1.15 crore b) Over 2 crore c) Around 80.5 lakh d) Over 3.25 crore …………………………………………………. 12) The headquarters of the proposed BRICS Development Bank would be established at – a) Shanghai b) Rio c) St. Petersburg d) Mumbai …………………………………………………. 13) What is the new extended deadline for implementation of BASEL-III norms for banks of India, which was extended by the RBI during March 2014? a) 31 March 2020 b) 31 March 2019 c) 31 March 2018 d) 31 March 2017 …………………………………………………. 14) During November 2014, the RBI gave approval to enter general insurance sector to which of the following private sector banks? a) ABN-Amro Bank b) IndusInd Bank c) Dena Bank d) Kotak Mahindra Bank …………………………………………………. 15) Who was the head of the committee on credit information which in its report recommended that customers should be given a free copy of their credit profile as it would help in promoting financial discipline among loan seekers? a) Aditya Puri b) Deepak Parekh c) K.V. Kamath d) Rana Kapoor …………………………………………………. 16) Union Govt. launched the exchange traded fund of Central public sector enterprises (CPSE-ETF) on 18 March 2014, which comprised of 10 public sector enterprises. Which CPSE was not among the 10 CPSEs in this ETF? a) GAIL b) BSNL c) Coal India d) ONGC …………………………………………………. 17) What is the minimum paid-up capital limit for Payments Banks and Small Banks as recommended by the RBI in its draft rules released during July 2014? a) Rs. 1,000 crore b) Rs. 500 crore c) Rs. 100 core d) Rs. 50 crore …………………………………………………. 18) During June 2014 the RBI asked banks to make sector-wise disclosure of their advances from 2014-15 onwards with a view to encourage them to actively manage exposure to various segments. This direction was based on which committee’s recommendation on this subject? a) Nachiket Mor Committee b) Parthasarathi Shome Committee c) Saumitra Chaudhuri Committee d) Aditya Puri Committee …………………………………………………. 19) PDMA, which came to news during 2014 and associated with government’s borrowings, stands for – a) Public Debt Management Association b) Private Debt Management Association c) Private Debt Management Agency d) Public Debt Management Agency …………………………………………………. 20) According to the new Company Act 2013, companies earning profits have compulsorily to invest ………..per cent of their profit on Corporate Social Responsibility (CSR) – a) 1 b) 2 c) 3 d) 4 …………………………………………………. 21) Who is heading the Tax Administration Reform Commission (TARC), which during June 2014 submitted its first report to the Union Govt.? a) C. Rangarajan b) Deepak Parekh c) Parthasarathi Shome d) Nachiket Mor …………………………………………………. 22) Which financial entity managed the new fund offer (NFO) of Index fund of PSU blue chips, which was launched on 18 March 2014? a) Kotak Securities b) Goldman Sachs India MF c) Birla Sunlife Asset Management d) Unit Trust of India …………………………………………………. 23) BCSBI, which is associated with country’s banking industry, stands for – a) Banks Codes and Standards Bureau of India b) Banking Codes Standards Board of India c) Banking and Credit Standards Bureau of India d) Banking and Credit Standards Bureau of India …………………………………………………. 24) Who is heading the RBI-constituted inter-regulatory committee to monitor shadow banking in India? a) P. Vijaya Bhaskar b) Uday Kotak c) R.N. Sharma d) Urjit Patel …………………………………………………. 25) What is the new proposed name for Indian Repository Receipts (IRR) in the Union Budget 2014-15? a) Bharat Respository Receipts (BRR) b) Repository Receipts of India (RRI) c) Union Receipts of India (URI) d) Indian Government Repository Receipts (IGRR) …………………………………………………. 26) Who is heading the Expenditure Management Commission (EMC), which is reviewing the allocated and operational efficiencies of government expenditure to achieve maximum output? a) P.Goiporia b) Bimal Jalan c) C. Rangarajan d) Deepak Parekh …………………………………………………. 27) Which two state-owned entities together bought 10% stake in Indian Oil Corporation (IOC) during March 2014? a) ONGC and BPCL b) HPCL and BPCL c) BPCL and ONGC d) ONGC and OIL …………………………………………………. 28) Who is the first Chairperson and Managing Director of the Bharatiya Mahila Bank (BMB), which is the first women’s bank in India? a) Usha Ananthasubramanian b) Deena Mehta c) Chitra Ramakrishna d) Kalpana Morparia …………………………………………………. 29) Which PSU entity became the 17th company to be accorded the coveted Navratna status by the Union Government during July 2014? a) CONCOR b) MTNL c) BSNL d) HPCL …………………………………………………. 30) Usha Sangwan, who created history by becoming the first woman Managing Director of a PSU insurance company, is associated with – a) National Insurance Company Ltd. b) United India Insurance Co. c) Oriental Insurance Co. Limited d) Life Insurance Corporation …………………………………………………. 31) What was the maximum age fixed by the RBI for Managing Directors (MDs) and Chief Executive Officers (CEOs) in private sector banks as stated in an announcement made by it pertaining to the Companies Act, 2013? a) 75 years b) 70 years c) 65 years d) 62 years …………………………………………………. 32) During March 2014 Union Govt. sold its 9% stake in which of the following private banks? a) ICICI Bank b) Axis Bank c) HDFC Bank d) IDBI Bank …………………………………………………. 33) Which state-run bank during March 2014 announced selling its entire stake in Credit Information Bureau of India Limited (CIBIL), the credit information provider? a) Bank of Baroda b) Central Bank of India c) Punjab National Bank d) Bank of India …………………………………………………. 34) Who was re-appointed as the Deputy Governor of the RBI during July 2014? a) Harun Rashid Khan b) Nachiket Mor c) Shyamala Gopinath d) KC Chakrabarty …………………………………………………. 35) Nishi Vasudeva became the first women to head a blue-chip public-sector undertaking (PSU) when she took over the reigns of which of the following PSU? a) Indian Oil Corporation b) Hindustan Petroleum Corporation Limited c) ONGC d) Bharat Petroleum Corporation Limited …………………………………………………. 36) What was the income criterion for “Super-Rich” individuals and Hindu Undivided Families (HUFs), as proposed in the draft of the Direct Taxes Code (DTC) released by the Finance Ministry during 2014? a) Annual Income of Over Rs. 50 crore b) Annual Income of Over Rs. 30 crore c) Annual Income of Over Rs. 25 crore d) Annual Income of Over Rs. 10 crore …………………………………………………. 37) During July 2014 the FDI limit in insurance sector in India was raised from 26% to – a) 49% b) 51% c) 46% d) 76% …………………………………………………. 38) Bank named ‘Banco Espirito Santo SA’, during 2014 came to news with relation to banking crisis of which country? – a) Brazil b) Cyprus c) Portugal d) Spain …………………………………………………. 39) Which IPL franchisee during IPL 2014 launched first-of-its-kind co-branded cricket credit card in partnership with the Ratnakar Bank Ltd? a) Chennai Super Kings b) Sunrisers Hyderabad c) Mumbai Indians d) Delhi Daredevils …………………………………………………. 40) Which country would become the newest to adopt Euro as its currency (from 2015)? a) Georgia b) Serbia c) Bulgaria d) Lithuania …………………………………………………. 41) Which state was ranked as the poorest state in the new poverty estimates that were disclosed in a report by a panel led by C. Rangarajan during 2014? a) Jharkhand b) Bihar c) Chhattisgarh d) Orissa …………………………………………………. 42) During July 2014 which company became the first one from India to cross market capitalization of Rs. 5,00,000 crore? a) Reliance Industries b) Cognizant c) TCS d) Flipkart …………………………………………………. 43) The Rurban Mission announced in the Union Budget 2014-15 to deliver urban amenities in the rural areas has been named after – a) Deendayal Upadhyaya b) Nanaji Deshmukh c) Atal Bihari Vajpayee d) Shyama Prasad Mukherji …………………………………………………. 44) ‘The Banking and Economics Conclave 2014′ was organized by which public sector bank during June 2014? a) SBI b) PNB c) BOB d) Allahabad Bank …………………………………………………. 45) What is the new name of MCX Stock Exchange (MCX-SX) that was approved by SEBI during September 2014? a) Metro-Syndicate Stock Exchange of India b) Metro-Alliance Stock Exchange of India c) Metropolitan Stock Exchange of India d) Metropolis Stock Exchange of India …………………………………………………. 46) The Bharatiya Mahila Bank (BMB) was set up with a seed capital of – a) Rs. 250 crore b) Rs. 500 crore c) Rs. 1,000 crore d) Rs. 2,000 crore …………………………………………………. 47) Who headed the RBI-constituted committee to examine the recommendations of Financial Sector Legislative Reforms Commission (FSLRC)? a) G. Gopalakrishna b) Nachiket Mor c) Parthasarathy Shome d) K.C. Chakravarthy …………………………………………………. 48) S.K. Jain, who came to news during August 2014, was Chairman and Managing Director (CMD) of which public-sector bank? a) Bank of Baroda b) Canara Bank c) Syndicate Bank d) Bank of India …………………………………………………. 49) Insurance Regulatory and Development Authority (IRDA), the regulatory body for Indian insurance industry, has its head office situated at which city? a) Bangalore b) Chennai c) Hyderabad d) Mumbai …………………………………………………. 50) RBI’s guidelines pertaining to levying of penal charges for non-maintenance of minimum balance in bank accounts are coming into effect from which date? a) 1 January 2015 b) 1 April 2015 c) 15 February 2015 d) 1 December 2014 …………………………………………………. Answers : 1)b…2)a…3) c…4)a…5)a… 6)a…7) c…8) d…9)d…10)b…11)a…12)a…13)b…14)d…15)a…16)b…17)c…18)a…19)d…20)b…21) c…22) b…23)b…24)a…25)a…26)b…27)d…28)a…29)a…30)d…31)b…32)b…33)b…34) a…35)b…36)d…37)a…38)c…39)d…40)d…41)c…42)c…43)d…44)a…45)c…46)c…47)a…48)c…49)c…50)b
Posted on: Sat, 17 Jan 2015 09:09:46 +0000
Trending Topics
Recently Viewed Topics
© 2015