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

Banking Awareness January 2016


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



(Q.1) In a bid to curtail domestic black money flow, the finance ministry has announced that it will be mandatory to furnish permanent account number (PAN) for all transactions above Rs________ through all payment modes with effect from January 1, 2016

  1. Rs. 1 lakh
  2. Rs. 2 lakh
  3. Rs. 3 lakh
  4. Rs. 4 lakh


(Q.2) Which bank has recently raised Rs 900 crore by way of issuing Basel-III compliant tier-II bonds?

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


(Q.3) Travel and Tourism Competitiveness Index is released by which organisation?

  1. International Air Transport Association (IATA)
  2. Global Business Travel association
  3. World Economic Forum (WEF)
  4. World Bank


(Q.4) Which public sector bank has bagged three awards at the ‘National Payments Excellence Awards 2015, organized by National Payments Corporation of India (NPCI)?

  1. Bank of Baroda
  2. State Bank of India
  3. Allahabad Bank
  4. Corporation Bank


(Q.5) Which bank has recently launched Green PIN facility, under which a customer can obtain duplicate PIN for debit card instantly through SMS request?

  1. Punjab National Bank
  2. ICICI Bank
  3. Dena Bank
  4. HDFC Bank


(Q.6) According to International Air Transport Association (IATA), which country was the fastest growing aviation market in the world in 2015 with over 20% growth compared to 2014?

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


 (Q.7) The United States Justice Department has sued which car maker for up to $48 billion for allegedly violating environmental laws?

  1. Mercedes
  2. Ford
  3. Volkswagen
  4. BMW


(Q.8) Reserve Bank has imposed a penalty of Rs. 1 crore on which associate bank of SBI for violation of its instructions including reporting of data to Central Repository of Information on Large Credits (CRILC)?

  1. State Bank of Patiala
  2. State Bank of Bikaner and Jaipur
  3. State Bank of Hyderabad
  4. State Bank of Travancore


(Q.9) Which among the following has become the first state to sign a memorandum of understanding (MoU) with the Centre, for the Ujwal Discom Assurance Yojana (UDAY) reforms for state-owned power distribution companies (discoms)?

  1. Jharkhand
  2. Maharashtra
  3. West Bengal
  4. Rajasthan


(Q.10) Who among the following has been reappointed as Deputy Governor of RBI for three year term?

  1. Rakesh Mohan
  2. Urjit Patel
  3. H R Khan
  4. S S Mundra


(Q.11) In January 2016, which bank had launched  Immediate Payment Service (IMPS) across branches to provide inter-bank electronic transfer service, capable of processing person to account remittances?

  1. Central Bank of India
  2. Canara Bank
  3. Andhra Bank
  4. Corporation Bank


(Q.12) Which private sector bank will partner with FINO PayTech to foray into the payments bank space?

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


(Q.13) Which company has been declared as the winner of Prime Minister’s Trophy for being the ‘Best Performing Integrated Steel Plant’ in the country for the performance year 2013-2014?

  1. Tata Steel
  2. Jindal Steel
  3. Steel Authority of India Ltd (SAIL)
  4. JSW Steel



(Q.14) Which among the following is the oldest stock exchange of Asia?

  1. Hong Kong Stock Market
  2. Bombay Stock Exchange
  3. Japanese Stock Market
  4. South Korean Stock Market


(Q.15) Pushan Mahapatra has been appointed as new MD and CEO of which General Insurance company?

  1. Bajaj Allianz General Insurance
  2. ICICI Lombard General Insurance
  3. SBI General Insurance
  4. Reliance General Insurance


(Q.16) Which country has recently allowed Six central banks and international financial institutions, including Reserve Bank of India (RBI), to enter China’s interbank foreign exchange market from January 2016?

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


(Q.17) Under what name, State Bank of India has launched a specialised branch in Bengaluru that caters to startups?

  1. InCube
  2. Foster
  3. KickStart
  4. SBIHatch


(Q.18) Which public sector bank has tied up with e-commerce major Snapdeal to offer instant working capital loans to its online e-commerce sellers?

  1. Bank of Baroda
  2. State Bank of India
  3. Corporation Bank
  4. Syndicate Bank


(Q.19) Bhaskar Bhat has taken over as Chairman of which airlines?

  1. Air India
  2. Jet Airways
  3. Vistara
  4. Spice Jet


(Q.20) Who among the following has been elected as first President of Asian Infrastructure and Investment Bank (AIIB)?

  1. K V Kamath
  2. Raghuram Rajan
  3. Margaret Chan
  4. Jin Liqun


(Q.21) Which organisation will be the anchor investor in the new Railway Development Fund, which would be used to fund the modernization of Indian Railways?

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


(Q.22) The 2016 World Development Report by World Bank noted that almost 1.063 billion Indians were offline even though India ranked among the top five nations in terms of the total number of Internet users. What is the title of 2016 World Development Report?

  1. ‘Technology Inclusion’
  2. ‘Digital Dividends’
  3. ‘Sustainable Technology’
  4. ‘Bridging Technology Divide’


(Q.23) Which Central Bank has imposed negative interest rate in its monetary policy statement of January 2016?

  1. Bank of England
  2. People’s Bank of China
  3. Bank of Japan
  4. European Central bank


(Q.24) Which temple in Gujarat has decided to deposit its idle gold in Gold Monetisation Scheme?

  1. Dwarka Temple
  2. Mahudi Temple
  3. Ambaji Temple
  4. Somnath Temple


(Q.25) As per a survey on 87 major world metropolitan regions by public policy consulting firm Demographia, which city has ranked as the world’s most unaffordable housing market?

  1. Hong Kong
  2. Mumbai
  3. Paris
  4. New York


(Q.26) Which country has ranked first in business optimism, according to Grant Thornton International Business Report, for October-December Quarter of 2015?

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


(Q.27) ______________ has entered the value-added dairy segment with its flavoured milk product ‘Vio’

  1. Pepsi, India
  2. Nestle, India
  3. Coca Cola, India
  4. Fosters, India



(Q.28) Guenter Butschek has been appointed as Chief Executive Officer and Managing Director of which automobile manufacturing company?

  1. Mahindra & Mahindra
  2. Hyundai
  3. Volkswagen
  4. Tata Motors


(Q.29) RV Easwar Committee deals with which subject matter?

  1. Simplification of Income Tax Laws
  2. Financial Inclusion
  3. Reforms in Indian Insurance Sector
  4. NPAs in Indian Public Sector Banks


(Q.30) Which member entity of the World Bank Group, has announced a tie-up with the Madhya Pradesh government to set up a 750-Mw Rewa ultra-mega solar power project – the largest single-site solar power project in the world?

  1. International Bank for Reconstruction and Development (IBRD)
  2. International Finance Corporation (IFC)
  3. International Development Association (IDA)
  4. Multilateral Investment Guarantee Agency (MIGA)


(Q.31) In January 2016, which Indian stock exchange launched an algorithm trading test facility for investors on its equity and derivatives platform?

  1. National Stock Exchange of India (NSE)
  2. Bombay Stock Exchange (BSE)
  3. United Stock Exchange of India
  4. MCX Stock Exchange


(Q.32) In January 2016, SEBI released the first report of 21-member committee constituted to suggest measures for development of the alternative investment funds (AIFs) and startup eco-system in the country. Who is the Chairperson of this committee?

  1. Nandan Nilekani
  2. Sam Pitroda
  3. K V Kamath
  4. Narayan Murthy


(Q.33) Which among the following has emerged as Number 1 luxury car brand (in terms of sales) in India for the year 2015?

  1. Mercedes Benz
  2. Audi
  3. BMW
  4. Jaguar


(Q.34) TranServ, a leading digital payments company, has launched India’s 1st Social Mobile Wallet named _____________

  1. Adda
  2. Udio
  3. Galla
  4. Piggy


(Q.35) Which Indian hotel has been named as best hotel in the world by TripAdvisor’s Travellers’ Choice Awards 2016?

  1. Umaid Bhawan Palace, Johdpur
  2. Taj Lake Palace, Udaipur
  3. Raj Mahal Palace, Jaipur
  4. Hotel Sunderban, Pune


(Q.36) Which two-wheeler company will launch ‘V Range’ of motorcyles build with the metal sourced from the decommissioned INS Vikrant aircraft carrier?

  1. TVS Motors
  2. Hero MotoCorp
  3. Royal Enfield
  4. Bajaj Auto


(Q.37) Which automaker has retained its number 1 position for global vehicle sales in 2015?

  1. Toyota
  2. General Motors
  3. Volkswagen
  4. Nissan


(Q.38) In last week of January 2016, Government raised Rs 637 crore through 10 per cent stake sale in which Navratna company?

  1. Bharat Electronic Limited
  2. NMDC Limited
  3. Oil India Limited
  4. Engineers India Limited

(Q.39) Which private sector bank has launched ‘India start-up Club’, a specially designed proposition for start-ups that will enable them to run their business smoothly by offering services that are convenient and simple?

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


(Q.40) As per United Nations’ ‘World Economic Situation and Prospects 2016’ report, which country will be the fastest-growing major economy in the world in 2016 with 7.3% growth rate?

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


Also Read:

>>> Previous Banking & Economy Current Affairs Quizzes

>>> 1000+ Current Affairs Questions

>>> Current RBI Monetary Policy Rates

>>> Important Abbreviations – Banking & Finance

>>> Current Affairs for January 2016


Thank You

Team Entrancegeek