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

Banking Awareness September 2016




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


(Q.1) According to wealth research firm New World Wealth, India is the ________most ‘unequal’ nation in the world where millionaires, or those with net assets of $1 million or more, control over half of its total wealth 

  1. 2nd
  2. 3rd
  3. 4th
  4. 5th


(Q.2) According to wealth research firm New World Wealth, which among the following is the most t ‘unequal’ nation in the world where millionaires, or those with net assets of $1 million or more, control over half of its total wealth?

  1. United States
  2. Russia
  3. China
  4. Brazil


(Q.3) Which among the following has become the first bank in India to deploy ‘software robots, that emulate human action, in its over 200 business processes, thereby reducing the response time to customers by up to 60 per cent?

  1. State Bank of India
  2. HDFC Bank
  3. ICICI Bank
  4. Bank of Baroda


(Q.4) Which Indian state ranked highest according to a broad measure of Ease of Doing Business (EDB) in Indian states announced at the Lee Kuan Yew School of Public Policy?

  1. Gujarat
  2. Kerala
  3. Rajasthan
  4. Maharashtra


(Q.5) Which mobile wallet platform has been launched by digital payments platform MobiKwik and Samagra, an NGO serving urban poor, to promote the habit of savings among urban poor?

  1. ‘m-Gullak’
  2. ‘m-Piggy’
  3. ‘m-Bachat’
  4. ‘m-Kifayat’


(Q.6) Which major African economy has officially slid into recession recently, owing to low oil prices?

  1. Egypt
  2. Nigeria
  3. Algeria
  4. Morocco


(Q.7) Which company has recently launched world’s first curved-screen laptop?

  1. Apple
  2. Hewlett-Packard
  3. Acer
  4. HCL


(Q.8) Which among the following has become the first foreign government issuer of masala bonds, by successfully raising Rs.5 billion through a rupee-denominated bond on the London Stock Exchange?

  1. Alberta, Canada
  2. Tasmania, Australia
  3. Queensland, Australia
  4. British Colombia, Canada


(Q.9) Ms Kiran Mazumdar Shaw has been appointed as ‘Chevalier de l’Ordre National de la LAgion d’Honneur’ (Knight of the National Order of the French Legion of Honour) for her outstanding contribution and dedication to Biosciences and Research field globally. She is the Chairperson and Managing Director of:

  1. Biocon
  2. Panacea Biotec
  3. Reddy’s Laboratories Ltd
  4. Serum Institute of India


(Q.10) Which entity will raise about Rs. 6,000 crore (through private placement) and then on lend it to the Central Government for the funding of Pradhan Mantri Krishi Sinchayee Yojana (PMKSY)?

  1. SIDBI
  3. NITI Aayog
  4. HDFC


(Q.11) Which among the following has become India’s first insurer to float an Initial Public Offer (IPO)?

  1. Edelweiss Tokio
  2. ICICI Prudential Life Insurance
  3. HDFC Life
  4. Bajaj Allianz



(Q.12) Which state’s education department has partnered with US-based technology firm Cisco to promote digital learning across the state using virtual digital room solutions?

  1. Karnataka
  2. Jharkhand
  3. Assam
  4. Rajasthan


(Q.13) Name the Chinese Tech Giant which has become the most valuable company in Asia?

  1. Tencent Holdings
  2. Ching Holdings
  3. Huawei Technologies
  4. China Mobile


(Q.14) Which among the following Banks has been conferred with the ‘Dun & Bradstreet Banking Awards 2016’ for being the Best Bank under priority sector lending and Best Retail Growth performer amongst public sector banks?

  1. Syndicate Bank
  2. Canara Bank
  3. Indian Bank
  4. Corporation Bank


(Q.15) __________________commenced operations in Chennai on 6th September 2016 with three branches, almost a year after receiving the “in-principle” approval from the Reserve Bank of India (RBI)

  1. Disha Microfin
  2. Janalakshmi Financial Services
  3. Equitas Small Finance Bank
  4. Suryoday Micro Finance


(Q.16) Which public sector bank has roped in Cricketer Virat Kohli as its Brand Ambassador?

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


(Q.17) In September 2016, which among the following companies unveiled world’s largest solar power plant in Tamil Nadu?

  1. Tata Power
  2. Adani Green Energy
  3. Reliance Power
  4. Jindal Steel and Power


(Q.18) The Goods & Services Tax (GST) Council has decided that businesses in the North Eastern and hill states with annual turnover below Rs.______ would be out of the GST net, while the threshold for the exemption in the rest of India would be an annual turnover of Rs._______

  1. Rs. 5 lakh and Rs. 10 Lakh
  2. Rs. 10 lakh and Rs. 20 lakh
  3. Rs. 15 lakh and Rs. 30 lakh
  4. Rs. 20 lakh and Rs. 40 lakh


(Q.19) Which private sector bank has tied-up with Banaras Hindu University (BHU) to offer specialised banking courses?

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


(Q.20) Which among the following is the Artificial Intelligence based messaging app launched by Google for Android and iOS users?

  1. Ballo
  2. Mello
  3. Ullo
  4. Allo


(Q.21) Which among the following exchange has partnered with Twitter to provide live updates?

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


(Q.22) Which international financial organisation has approved a $631-million loan for construction of industrial corridor between Visakhapatnam and Chennai, part of India’s first coastal industrial corridor running from West Bengal to Tuticorin in Tamil Nadu.

  1. New Development Bank (NDB)
  2. Asian Development Bank (ADB)
  3. World Bank
  4. International Monetary Fund (IMF)


(Q.23) In September 2016, Karnataka Bank launched ________, an online retail loan web portal

  1. ‘KBL – Loan Window’
  2. ‘KBL – Loan Desk’
  3. ‘KBL – Loan Junction’
  4. ‘KBL – Loan Mission’


(Q.24) Which among the following online marketing giant is planning to launch the world’s first e-commerce satellite next year to provide people with the best vegetables after analysing agricultural cultivation and harvesting data?

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



(Q.25) Who among the following has been recently appointed as chairperson of Insolvency and Bankruptcy Board of India?

  1. Om Prakash Ahuja
  2. Rajesh Sutaria
  3. Parag Parikh
  4. Madhusudan Sahoo


(Q.26) Which pharmaceutical company has signed a deal with the Delhi unit of the International Centre for Genetic Engineering and Biotechnology (ICGEB) to develop a dengue vaccine?

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


(Q.27) The Department of Investment and Public Asset Management, Ministry of Finance has appointed which entity as the asset management company for the creation and launch of a new Exchange Traded Fund (ETF)?

  1. Reliance Capital Asset Management Ltd.
  2. Birla Sun Life Asset Management
  3. ICICI Prudential Asset Management Company
  4. Tata Asset Management Company


(Q.28) Which among the following has become ‘Most Valuable Bank’ in United States?

  1. Bank of America
  2. Citigroup
  3. Morgan Stanley
  4. J P Morgan Chase


(Q.29) Which smart phone manufacturer has signed an MoU with the Haryana State Govt. to set up its phone manufacturing hub with an initial investment of Rs 500 crore which, later on, would be increased to Rs 1,500 crore?

  1. Gionee
  2. Xiaomi
  3. Lenovo
  4. Oppo


(Q.30) Mary Barra has topped Fortune magazine’s list of Most Powerful Women for the second consecutive year. She is the Chairman and CEO of:

  1. Boeing
  2. IBM
  3. General Motors
  4. Coca-Cola


(Q.31) Which among the following has become the first e-commerce company in India to hit the milestone of 100-million registered users?

  1. Snapdeal
  2. Infibeam
  3. Flipkart
  4. Amazon India


(Q.32) Who among the following has taken over as the World Bank’s new Country Director for India?

  1. Farooq Khan
  2. Rihan Shaikh
  3. Shakeel Syed
  4. Junaid Ahmad


(Q.33) Who among the following has taken additional charge as chairman of Life Insurance Corporation (LIC)?

  1. N K Rishi
  2. V K Sharma
  3. J P Oberoi
  4. L A Mathur


(Q.34) Government of India and African Development Bank (AfDB) have signed MoU for hosting AfDB’s annual meetings at:

  1. Kochi, Kerala
  2. Ahmedabad, Gujarat
  3. Pune, Maharashtra
  4. Indore, Madhya Pradesh


(Q.35) Name the new Indirect Tax Network (Systems Integration) of the Central Board of Excise and Customs (CBEC) which has been recently approved by Union Cabinet

  1. ‘Project SHUBH’
  2. ‘Project SHUKAN’
  3. ‘Project SAKSHAM’
  4. ‘Project SAMRUDDH’


Also Read:

>>> 1000+ Current Affairs Questions

>>> Banking Awareness August 2016

>>> Current RBI Monetary Policy


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Team EntranceGeek