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

Banking Awareness July 2016

 

 

Friends,

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

 

(Q.1) In an effort to improve customer service, RBI has asked banks to exchange up to ______ pieces of soiled currency notes with a maximum value of Rs _____ over the counter free of charge

  1. 10 pieces of soiled currency notes with a maximum value of Rs 3000
  2. 20 pieces of soiled currency notes with a maximum value of Rs 5000
  3. 30 pieces of soiled currency notes with a maximum value of Rs 7000
  4. 50 pieces of soiled currency notes with a maximum value of Rs 10000

 

(Q.2) Which public sector bank has inked agreements with the World Bank for a $625 million facility to support grid connected rooftop solar programme in India?

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

 

(Q.3) In July 2016, which State Govt. has decided to impose 6% tax on online shopping in order to increase the state’s revenue and entail everything in the tax bracket with no exceptions at all?

  1. Rajasthan
  2. Gujarat
  3. Madhya Pradesh
  4. Karnataka

 

(Q.4) Which private sector bank has launched SMe Bank, India’s first full-fledged digital banking service for small-and medium enterprises (SME)?

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

 

(Q.5) According to recently released data, who among the following has emerged as India’s most active angel investor in the first half of 2016?

  1. Ratan Tata
  2. Azim Premji
  3. Adi Godrej
  4. N R Narayana Murthy

 

(Q.6) Which among the following has become the first Indian Insurance firm to float an Initial Public Offering (IPO)?

  1. Birla Sun Life Insurance
  2. ICICI Prudential Life Insurance
  3. Bajaj Allianz Life Insurance
  4. Bharti AXA Life Insurance

 

(Q.7) Grama Vidiyal Microfinance, a Trichy-based microfinance company has been recently acquired by:

  1. Bandhan Bank
  2. Axis Bank
  3. IDFC Bank
  4. Yes Bank

 

(Q.8) Which among the following has remained India’s most valuable brand in 2015-16 with a brand valuation of $13.7 billion?

  1. Reliance
  2. LIC
  3. SBI
  4. Tata

 

(Q.9) Which among the following banks has initiated a programme to provide solar lights in the non-electrified houses of students in rural areas?

  1. Karnataka Bank
  2. South Indian Bank
  3. Federal Bank
  4. Vijaya Bank

 

(Q.10) In July 2016, which company acquired online fashion portal JABONG?

  1. Snapdeal
  2. Flipkart-owned Myntra
  3. Future Group
  4. Amazon India

 

 

(Q.11) Union Cabinet has approved raising the foreign shareholding limit in Indian Stock Exchanges from the current _____% to _____%

  1. 10% to 15%
  2. 10% to 20%
  3. 5% to 15%
  4. 5% to 20%

 

(Q.12) Which among the following has regained the status as the world’s favourite company on FutureBrand’s annual ‘Global Top 100 Companies’ list after losing it to Google last year?

  1. Microsoft
  2. Amazon
  3. Facebook
  4. Apple

 

(Q.13) In July 2016, which private sector bank received an in-principle approval from the capital markets regulator SEBI to sponsor a mutual fund and to set up an asset management company and a trustee company?

  1. Yes Bank
  2. IndusInd Bank
  3. Karur Vysya Bank
  4. Lakshmi Vilas Bank

 

(Q.14) The government has set up an incubation cell at the Indian Institute of Foreign Trade (IIFT) to provide support to export start-ups. This initiative has been named as KITTES. What does KITTES stand for?

  1. Knowledge for Innovation in Trade and Technology for Entrepreneurial Start-ups
  2. Knowledge for Innovation in Trade and Technology for Export Start-ups
  3. Knowledge for Incubation in Trade and Technology for Entrepreneurial Start-ups
  4. Knowledge for Incubation in Trade and Technology for Export Start-ups

 

(Q.15) Which company has tied up with DRDO to promote sustainable cultivation of high-altitude medicinal plants in Ladakh?

  1. Himalaya Drug Company
  2. Patanjali
  3. Dabur
  4. Zandu Pharmaceuticals

 

(Q.16) Which among the following have become the first Indian banks to join global payment network Swift’s cross-border payment innovation initiative, which already involves 70 other banks worldwide?

  1. ICICI Bank and State Bank of India
  2. HDFC Bank and Kotak Mahindra Bank
  3. State Bank of India and Axis Bank
  4. ICICI Bank and Axis Bank

 

(Q.17) Who among the following has been ranked as the best banking CEO in Asia by the investor community?

  1. Aditya Puri, HDFC Bank
  2. Arundhati Bhattacharya, SBI
  3. Chanda Kochhar, ICICI
  4. Shikha Sharma, Axis Bank

 

(Q.18) Which two entities have signed the shareholder agreement to set up the payments bank joint venture?

  1. Reliance Industries Ltd. And ICICI Bank
  2. Reliance Industries Ltd. And State Bank of India
  3. Aditya Birla Nuvo and ICICI Bank
  4. Aditya Birla Nuvo and State Bank of India

 

(Q.19) Which company has claimed that it is the world’s first pharmaceutical company to manufacture and launch a licensed ready-to-administer oncology product?

  1. Lupin
  2. Cipla
  3. Sun Pharma
  4. Aurobindo Pharma

 

(Q.20) Which among the following will acquire global clothing brand ‘Forever 21’ in the Indian market for USD 26 million?

  1. Flipkart
  2. Arvind Ltd.
  3. Monte Carlo
  4. Aditya Birla Fashion and Retail

 

 

(Q.21) In July 2016, Cabinet Committee on Economic Affairs, approved __________ proposal to raise foreign shareholding to 74 per cent, which is expected to bring in capital inflow of around Rs 13,000 crore into the country

  1. Yes Bank’s
  2. Kotak Mahindra Bank’s
  3. Axis Bank’s
  4. Karur Vysya Bank’s

 

(Q.22) World’s largest furniture retailer Ikea is investing Rs 1,500 crore in ________ as part of plans to have 25 stores across India by 2025 

  1. Gurgaon
  2. Mumbai
  3. Delhi
  4. Pune


(Q.23) Indian Railway Catering and Tourism Corporation (IRCTC) has tied up with  _______________ to chalk out a detailed plan for promotion of rail ticketing activities, including internet ticketing and unreserved ticketing system

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

 

(Q.24) Which among the following has introduced ‘Paperless SIP’ (systematic investment plans) that would allow mutual fund investors to make transactions through various modes of payments?

  1. Multi Commodity Exchange (MCX)
  2. National Commodity and Derivatives Exchange (NCDEX)
  3. National Stock Exchange (NSE)
  4. Bombay Stock Exchange (BSE)

 

(Q.25) Which company has decided to acquire internet firm YAHOO for $5 Billion in cash?

  1. Verizon Communications
  2. Facebook
  3. Google
  4. Microsoft

 

(Q.26) Which bank has signed an agreement with Reliance Jio Money (a wallet application) for One-Click payment service?

  1. Vijaya Bank
  2. Federal Bank
  3. Karnataka ban
  4. Indian Bank


(Q.27) The one-time compliance window for payment of tax on black money disclosed under the Income Declaration Scheme (IDS) 2016 opened on 1st June 2016 and will close on:

  1. 31st July 2016
  2. 31st August 2016
  3. 30th September 2016
  4. 31st October 2016

 

(Q.28) Which bank has recently launched a new facility called “Green PIN,” an online module for generation of PIN for credit card holders?

  1. Canara Bank
  2. Syndicate Bank
  3. Bank of Maharashtra
  4. Corporation Bank

 

(Q.29) According to NASSCOM, which among the following is the top employer in the Indian IT industry?

  1. TCS
  2. Wipro
  3. Cognizant
  4. Infosys

 

(Q.30) In July 2016, Government of India constituted a Committee to examine the desirability and feasibility of having ‘a new financial year’. This Committee is headed by:

  1. Avinash Deshmukh
  2. Shankar Acharya
  3. Siddheswar Prasad
  4. Yograj Chibber

 

Also Read:

>>> 1000+ Current Affairs Questions

>>> Banking Awareness June 2016

>>> Current RBI Monetary Policy

 

Thank You

Team EntranceGeek