Banking Awareness April 2016 Banking Awareness April 2016
Banking Awareness April 2016     Friends, Following questions are based on important Banking, Economy and Finance sector news for the month of April... Banking Awareness April 2016

Banking Awareness April 2016




Following questions are based on important Banking, Economy and Finance sector news for the month of April 2016:


(Q.1) As per World Bank’s annual report “Migration and Development Brief”, which country has been world’s largest remittance recipient in 2015?

  1. China
  2. India
  3. Brazil
  4. South Africa


(Q.2) Which among the following has become the first bank to start Aadhaar-based ATM usage facility wherein a customer can transact using his biometric details instead of the PIN?

  1. DCB Bank
  2. Federal Bank
  3. Kotak Mahindra Bank
  4. ICICI Bank


(Q.3) Bombay Stock Exchange (BSE) has launched India’s first index that will determine the country’s unemployment rate. As per this index, overall unemployment rate in India stood at _____%


  1. 5.97%
  2. 6.97%
  3. 7.97%
  4. 8.97%


(Q.4) Which among the following company has been recognized among the best employer brands in a recent study released by Aon Hewitt to honour India’s best employer brands of 2016. 

  1. Sundaram Asset Management Company
  2. Motilal Oswal Asset Management Company
  3. UTI Asset Management Company
  4. Reliance Asset Management Company


(Q.5) India has signed an agreement with the Islamic Development Bank (IDB) for a possible $100 million line of credit to facilitate exports to IDB’s member countries. Headquarters of IDB is located at:

  1. Jeddah, Saudi Arabia
  2. Dubai, UAE
  3. Muscat, Oman
  4. Doha, Qatar


(Q.6) Which mobile phone manufacturer, in partnership with Visa and TranServ, has launched a digital wallet app called ‘Udio’?

  1. Lava
  2. Micromax
  3. Karbonn
  4. Intex


(Q.7) Which among the following has become first private sector bank to open a specialised branch for startups, offering a bouquet of banking products to service the end-to-end needs of the emerging entrepreneurial ecosystem?

  1. Yes Bank
  2. Axis Bank
  3. RBL Bank
  4. HDFC Bank


(Q.8) Income Tax department has notified a new set of Income Tax Return (ITR) forms for assessment year 2016-17, wherein People with an income of more than Rs _____ per annum, will have to declare all their assets and liabilities


  1. 35 lakh
  2. 40 lakh
  3. 45 lakh
  4. 50 lakh


(Q.9) The Home Ministry has proposed that ATMs should not be refilled with cash after ___ pm in cities amid incidents of attacks on cash carrying vans

  1. 8.00 pm
  2. 8.30 pm
  3. 9.00 pm
  4. 9.30 pm


(Q.10) Which country is planning to establish a $2 trillion sovereign wealth fund (largest in the world) by selling off its state petroleum assets in preparation for a world beyond oil?

  1. United Arab Emirates (UAE)
  2. Saudi Arabia
  3. Oman
  4. Bahrain



(Q.11) Talwandi Sabo Power Limited (TSPL), a subsidiary of _______ has officially set the Guinness World Record for simultaneously planting 208,751 saplings at a single location in less than an hour

  1. Tata Power
  2. JSW Energy
  3. Vedanta Ltd.
  4. Adani Power


(Q.12) Which among the following is India’s first mobile-based app that gives salaried individual immediate cash whenever he/she needs it, for 15 and 30-day periods?

  1. ‘CASHnGO’
  3. ‘TAPCASH’
  4. ‘CASHe’


(Q.13) As per a report by Reserve Bank of India (RBI), around _____ per cent of the operating 849 state-level public enterprises (SLPEs) in the country are estimated to be incurring losses


  1. 30 per cent
  2. 35 per cent
  3. 40 per cent
  4. 45 per cent


(Q.14) Which telecom operator is testing an alternative Wi-Fi-based network to connect about 1 lakh village panchayats in a year with high-speed Internet?

  1. Reliance Communications
  2. BSNL
  3. Idea Cellular
  4. Bharti Airtel


(Q.15) In April 2016, which temple deposited 1,311 kg of pure gold bars of 0.995 fineness with Punjab National Bank under the Gold Monetisation Scheme.

  1. Golden Temple, Amritsar
  2. Dwarkadhish Temple, Gujarat
  3. Tirupati Balaji Temple
  4. Siddhivinayak Temple, Mumbai


(Q.16) According to leading human resource consultancy Randstad, which of the following companies has emerged as ‘Most Attractive Employer in India’ for second consecutive year?

  1. Infosys
  2. Mercedes-Benz India
  3. Reliance Industries
  4. Google India


(Q.17) The Department of Disinvestment has been renamed as ‘DIPAM’. Abbreviation ‘DIPAM’ stand for:

  1. Department of Investment and Public Asset Management
  2. Department of Incubation and Public Asset Management
  3. Department of Investment and Prioritised Asset Management
  4. Department of Incubation and Prioritised Asset Management


(Q.18) Out of 11 entities which were given in-principle approval by RBI to setup Payments Bank, which entity has become the first to get Payments bank license?

  1. Vodafone m-pesa
  2. Bharti Airtel
  3. Reliance Industries
  4. India Post


(Q.19) In April 2016, Govt. hiked minimum wages for contract workers to Rs. _______ per month


  1. Rs. 10000
  2. Rs. 11000
  3. Rs. 12000
  4. Rs. 13000


(Q.20) Which State is the biggest contributor (about 40% of total) to the Indian government’s income tax collections in financial year 2014-15?

  1. Gujarat
  2. Maharashtra
  3. Tamil Nadu
  4. Punjab



(Q.21) Which hospital chain has launched the first pasteurised human milk bank, “Amaara”, in Delhi and the National Capital Region?

  1. Wockhardt Hospitals
  2. Fortis Healthcare
  3. Sterling Hospitals
  4. Sanjeevan Hospitals


(Q.22) Tata Trust has signed a pact with which State Govt. to achieve elimination of Malaria from the state by 2030?

  1. Jharkhand
  2. Odisha
  3. Chhattisgarh
  4. Telangana


(Q.23) Bombay Stock Exchange (BSE) has signed a memorandum of understanding (MoU) with _______________, for listing S&P BSE Sensex-based derivatives contracts on the latter


  1. Shanghai Stock Exchange (SSE) of China
  2. Australian Securities Exchange (ASX) of Australia
  3. Korea Exchange (KRX) of South Korea
  4. Moscow Exchange of Russia


(Q.24) Which Indian Software services company has launched an artificial intelligence platform ‘Mana’ that will help clients drive automation and innovation?

  1. Tech Mahindra
  2. Tata Consultancy Services (TCS)
  3. Wipro
  4. Infosys


(Q.25) As per Data from the Department of Industrial Policy and Promotion (DIPP), Foreign direct investment (FDI) touched a new peak in Financial Year 2015-16, clocking $_______ — the highest ever received in a year

  1. $51 Billion
  2. $56 Billion
  3. $61 Billion
  4. $66 Billion


(Q.26) Which among the following companies has been recognized as one of the UK’s leading employers for women in The Times Top 50 Employers for Women?

  1. Tech Mahindra
  2. Tata Consultancy Services (TCS)
  3. Wipro
  4. Infosys


(Q.27) According to FDI Intelligence a division of The Financial Times Ltd., which country has replaced China as top destination for foreign direct investment by attracting $63 billion worth FDI projects in 2015?

  1. United States
  2. United Kingdom
  3. India
  4. Germany

(Q.28) Which among the following has become the first tobacco company in India to implement the rule of Union Health Ministry to display health warnings in 85 percent of the packet area?

  1. ITC
  2. Godphrey Phillip India
  3. Kothari Product
  4. Golden Tobacco


(Q.29) In April 2016, who among the following took charge as the new Chairman of Karnataka Vikas Grameena Bank (KVGB), a Dharwad-headquartered regional rural bank?

  1. S Ravindran
  2. S Ramachandran
  3. S Gowda
  4. S Hegde


(Q.30) ____________ has tied up with Chillar Payment Solutions to promote the latter’s “Campus Wallet”

  1. Indusind Bank
  2. Federal Bank
  3. ING Vysya Bank
  4. Lakshmi Vilas Bank


Also Read:

>>> 1000+ Current Affairs Questions

>>> Banking Awareness March 2016

>>> Current RBI Monetary Policy Rates


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Team EntranceGeek