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

Banking Awareness August 2016




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


(Q.1) In August 2016, the Union Govt. has asserted that it would stick to the deadline of _________for the roll-out of the goods and services tax (GST)

  1. 1st January 2017
  2. 1st April 2017
  3. 1st January 2018
  4. 1st April 2018


(Q.2) In August 2016, which country’s cabinet approved an economic stimulus package worth 275 billion dollars in an attempt to kick-start the economy and boost growth 

  1. Japan
  2. United States
  3. United Kingdom
  4. China


(Q.3) Global software and Cloud major Oracle-India has announced a corporate citizenship collaboration with which public sector bank to launch the ‘D-Change’ programme which will support education and learning, women’s empowerment and rural skills development in the country?

  1. Corporation Bank
  2. Bank of Baroda
  3. State Bank of India
  4. Punjab National Bank


(Q.4) As per a study by ASSOCHAM, which state has emerged as the top state in India in terms of growth in the industry and service sectors in the last ten years (2004-05 to 2014-15)?

  1. Gujarat
  2. Maharashtra
  3. Odisha
  4. Uttarakhand


(Q.5) Indian arm of which fast food restaurant chain has launched ‘add HOPE’ initiative, aimed to raise funds to provide meals to underprivileged children in India?

  1. Kentucky Fried Chicken (KFC)
  2. McDonalds
  3. Domino’s Pizza
  4. Pizza Hut


(Q.6) Which Bollywood actor has been roped in for Kentucky Fried Chicken’s ‘add HOPE’ initiative, aimed to raise funds to provide meals to underprivileged children in India?

  1. Salman Khan
  2. Ajay Devgn
  3. Ranveer Singh
  4. Ranbir Kapoor


(Q.7) Central Bureau of Investigation (CBI) has been made the nodal authority for banks to report high value frauds worth over Rs ________ in public sector banks

  1. Rs. 10 Crore
  2. Rs. 25 Crore
  3. Rs. 50 Crore
  4. Rs. 75 Crore


(Q.8) India ranks ________ on Civil Unrest Index (released by London-based risk analytics firm) that ranks almost 200 countries in terms of their exposure to protests, mass demonstrations, ethnic or religious violence.

  1. 16th
  2. 12th
  3. 8th
  4. 4th


(Q.9) Which brand has topped Fortune Magazine’s list of the ‘Most Admired Food Companies’ for 11 consecutive years, since 2006?

  1. Nestle
  2. Heinz
  3. Kellogg’s
  4. PepsiCo


(Q.10) Which company has been appointed by Maharashtra State Government as the implementation partner to convert Nagpur into country’s first large scale, integrated, smart city?

  1. Larsen & Toubro (L&T)
  2. Tata Motors
  3. Reliance Industries
  4. Wipro



(Q.11) Which public sector bank has introduced home loan products for Central/ State government/ public sector undertaking employees (‘Privilege Home Loan’) and defence personnel (‘Shaurya Home Loan’), whereby they will get the benefit of repaying the loan over a longer period and at softer interest rates?

  1. Bank of India
  2. Andhra Bank
  3. State Bank of India
  4. Allahabad Bank


(Q.12)  In a bid to accelerate digital transformation in India, which company in partnership with Apple, has launched a global development hub called Garage for iOS apps in Bengaluru that will work with existing design locations in Atlanta, Chicago, Cupertino in the US and Toronto in Canada?

  1. Facebook
  2. Microsoft
  3. Google
  4. IBM


(Q.13) Who among the following has been recently appointed as Managing Director of State Bank of India (SBI)?

  1. Dinesh Kumar Khara
  2. Rakesh Manjunath
  3. Ajay Sharma
  4. Sirish Rajgopal


(Q.14) The Union Government has notified _________ inflation target with a range of plus/minus 2 per cent for the next five years under the monetary policy framework agreement with the Reserve Bank

  1. 3%
  2. 4%
  3. 5%
  4. 6%


(Q.15) Which public sector bank has embarked on a large scale transformation program called “Project Ananya” that focuses on improved customer service and offering latest in digital banking services?

  1. Canara Bank
  2. Central Bank of India
  3. Syndicate Bank
  4. Dena Bank


(Q.16) Which e-commerce giant along with Crossword and Ratna Nidhi Charitable Trust has launched ‘Mission Million Books’ a pan-India initiative inviting Indian citizens to donate textbooks and educational material for the underprivileged?

  1. Amazon
  2. Snapdeal
  3. Flipkart
  4. Alibaba


(Q.17)  In August 2016, Gautam Thakur was elected as Chairman of which Urban Co-operative Bank?

  1. Shamrao Vithal Co-operative Bank
  2. Abhyudaya Co-operative Bank
  3. Saraswat Co-operative Bank
  4. Nutan Nagarik Sahakari Bank


(Q.18) Which company has recently unveiled ‘Project Alloy’, an all-in-one virtual reality solution?

  1. Microsoft
  2. Apple
  3. Intel
  4. Google


(Q.19) Which private sector bank has started an ‘Innovation Lab’ in Bengaluru to tap into the best technology that impacts its operations, and is open to investing in start-ups?

  1. ICICI Bank
  2. HDFC Bank
  3. Kotak Mahindra Bank
  4. Yes Bank


(Q.20) Indian Railways will collaborate with which Tech company for digitizing and showcasing its heritage on digital platforms?

  1. Facebook
  2. Tech Mahindra
  3. Infosys
  4. Google



(Q.21) Which bank has partnered with National Payments Corporation of India (NPCI), to launch USSD based mobile app for basic banking needs of its customers?

  1. Union Bank of India
  2. United Bank of India
  3. Vijaya Bank
  4. Indian Bank


(Q.22) The Fortune 2016 ‘Change the World’ list recognises companies that have had a positive social impact through activities that are part of their core business strategy. Which two Indian companies have featured in this list?

  1. Reliance Industries and Tata Steel
  2. Cipla and Godrej
  3. Sun Pharmaceuticals and Wipro
  4. Infosys and Biocon


(Q.23) Which private sector bank has tied up with Metals and Minerals Trading Corporation of India (MMTC) for distribution of Indian Gold Coins (IGC) and has thus become first among the private sector banks to offer this product to its customers?

  1. Indusind Bank
  2. Axis Bank
  3. Fedral Bank
  4. Karur Vysya Bank


(Q.24) Name the Chairman and Managing Director of Bharat Electronics Ltd. (BEL), who has been awarded the Most Enterprising CEO in Electronics Sector by the Indo Global Business Council (IGBC), a policy think-tank based in New Delhi.

  1. V N Saxena
  2. S K Sharma
  3. J P Rana
  4. L P Tomar


(Q.25) Which foreign bank is set to roll out its latest banking innovation in India by end of this year, enabling customers to “bank conversationally” from their preferred mobile messaging app?

  1. DBS Bank
  2. BNP Paribas
  3. HSBC
  4. Standard Chartered Bank


(Q.26) Which auto maker has launched cloud based platform DiGiSENSE for route planning, vehicle utilisation alerts and trip optimisation?

  1. Tata Motors
  2. Mahindra and Mahindra
  3. Maruti Suzuki
  4. Ashok Leyland


(Q.27) Which private sector bank has unveiled a feature  ‘iMobile SmartKeys’, that enables its mobile application users to make quick and secure payments on any mobile application including chat, messenger, email, games or search browser without having to exit their current application in their smartphone?

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


(Q.28) Which airlines company has roped in Bollywood actress Deepika Padukone to be its brand ambassador?

  1. Jet Airways
  2. IndiGo
  3. Spice Jet
  4. Vistara


(Q.29) Doha Bank, one of the prominent banks in Qatar, has formally inaugurated its first branch in:

  1. Kochi, Kerala
  2. Chennai, Tamil Nadu
  3. Mumbai, Maharashtra
  4. Bengaluru, Karnataka


(Q.30) The Reserve Bank of India (RBI) has asked banks to provide loans to women self-help groups (SHGs) at _____ % per annum, as per the government’s revised guidelines for 2016-17

  1. 6%
  2. 7%
  3. 8%
  4. 9%


Also Read:

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Team EntranceGeek