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

Banking Awareness October 2016




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


(Q.1) In October 2016, India and __________ decided to set up a Finance Dialogue to further strengthen bilateral trade and economic ties

  1. Thailand
  2. Singapore
  3. Indonesia
  4. Philippines


(Q.2) Which among the following has become first Indian bank to open a branch in Myanmar?

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


(Q.3) As per 2016 Best Global Brands Report released by Interbrand, which among the following has emerged as ‘Top Growing Brand’ by registering 48% growth in its brand value?

  1. Apple
  2. Coca-Cola
  3. Facebook
  4. Amazon


(Q.4) Which among the following tech companies has launched Skava Commerce, an e-commerce platform for retailers?

  1. Tech Mahindra
  2. TCS
  3. Wipro
  4. Infosys


(Q.5) Which among the following private sector bank has acquired BSS Microfinance in an all-cash deal for Rs 139.2 crore?

  1. Kotak Mahindra
  2. Yes Bank
  3. Axis Bank
  4. IndusInd Bank


(Q.6) Dassault Aviation of France has entered into a partnership with ________ group to execute offsets for the recently concluded deal for 36 Rafale fighter jets. This is the largest offset contract to be executed by any defence company in India till date.

  1. Mukesh Ambani led Reliance Group
  2. Anil Ambani led Reliance Group
  3. Tata Group
  4. Aditya Birla Group


(Q.7) Arundhati Bhattacharya’s term as the Chairman of State Bank of India (SBI) has been extended by the central government, till:

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


(Q.8) Multi Commodity Exchange (MCX) has bagged the ‘Best exchange of the year in bullion industry’ at the Ninth International Gold Summit and Excellence Awards jointly organised by ASSOCHAM and the World Gold Council. Who is the current Managing Director of MCX?

  1. Chitra Ramakrishna
  2. A K Sinha
  3. Deepak Parekh
  4. Mrugank Paranjape


(Q.9) Which international financial institution has extended a USD $200 million loan to India for installation of energy-efficient home and street lights, and water pumps, which can help the country to save energy to the tune of 3,800 gigawatt-hours per year?

  1. Asian Development Bank (ADB)
  2. New Development Bank (NDB)
  3. Asian Infrastructure Investment Bank (AIIB)
  4. World Bank


(Q.10) RBI has approved the appointment of ___________ as Chairman and Chief Executive Officer (CEO) of the Jammu & Kashmir Bank for a period of three years with effect from October 6, 2016. 

  1. Junaid Ahmad
  2. Parvez Ahmad
  3. Parvez Kadri
  4. Junai Kadri


(Q.11) Which among the following currency was added in the International Monetary Fund (IMF)’s Special Drawing Rights (SDR) basket from 1st October 2016?

  1. Singapore Dollar
  2. Indian Rupee
  3. Chinese Renminbi
  4. South African Rand


(Q.12) Chinese Renminbi will be added in the International Monetary Fund (IMF)’s Special Drawing Rights (SDR) basket from 1st October 2016. Which are the other four currencies currently in the IMF SDR Basket?

  1. US Dollar, Japanese Yen, British Pound and Brazilian Real
  2. US Dollar, Japanese Yen, British Pound and Canadian Dollar
  3. US Dollar, British Pound, Euro and Australian Dollar
  4. US Dollar, Japanese yen, British Pound and Euro



(Q.13) R Subramania Kumar has been recently appointed as Executive Director of:

  1. Indian Bank
  2. Bank of India
  3. Central bank of India
  4. Indian Overseas Bank


(Q.14) Which company is partnering with the Election Commission of India in five states going to polls next year to run a voter registration drive aimed at encouraging youth to participate in the democratic exercise?

  1. Twitter
  2. Facebook
  3. Google
  4. Apple


(Q.15) The Reserve Bank of India (RBI)’s Internal Working Group (IWG) on Rationalisation of Branch Authorisation Policy has proposed easing bank branch norms. This working group was chaired by:

  1. Daisy Merchant
  2. Natasha Pestonji
  3. Lily Vadera
  4. Farzana Pinto


(Q.16) Which among the following Corporate entity has roped in badminton champion and Rio silver medallist P V Sindhu as its brand ambassador?

  1. Tata Steel
  2. Jindal Steel & Power Ltd.
  3. Steel Authority of India (SAIL)
  4. Rashtriya Ispat Nigam Ltd.


(Q.17) Which among the following banks has become the first Indian Bank to complete a banking transaction using Blockchain technology

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


(Q.18) Which State Govt. has signed an agreement with the Monetary Authority of Singapore (MAS) to promote innovation in financial services in their respective markets?

  1. Maharashtra
  2. Andhra Pradesh
  3. Karnataka
  4. Gujarat


(Q.19) Which public sector bank has declared Silchar as its 5th zone in North East after Guwahati, Shillong, Dibrugarh and Jorhat?

  1. State Bank of India (SBI)
  2. Bank of Baroda (BOB)
  3. Corporation Bank
  4. Syndicate Bank


(Q.20) Which company has recently launched ‘Circuit’ series bus, which is the first India-Made Electric Bus?

  1. Mahindra & Mahindra
  2. Tata Motors
  3. Hero MotoCorp Ltd.
  4. Ashok Leyland


(Q.21) According to New World Wealth report, which among the following is the wealthiest city in the world?

  1. London
  2. New York
  3. Tokyo
  4. Singapore


(Q.22) The Government of India and _______ have signed a $650 million agreement towards the third loan for the Eastern Dedicated Freight Corridor (a freight-only rail line) that will help faster and more efficient movement of raw materials and finished goods between the north and eastern parts of India

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


(Q.23) As per recent reports, India’s holdings of American government bonds touched a high of $123.7 billion in July 2016 making it the 12th largest holder of such securities. Which country is currently the largest holder of American Government Bonds?

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


(Q.24) Which associate bank of State Bank of India (SBI) has been conferred “Special Award for Excellence in MSME lending” for its performance in lending to the MSME sector during the year 2013-14 and 2014-15?

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



(Q.25) Valvoline Cummins India has signed up ________ as its brand ambassador, who will now be the face of Valvoline engine oils and lubricants range

  1. Virat Kohli
  2. M S Dhoni
  3. Ajinkya Rahane
  4. Rohit Sharma


(Q.26) ___________ state-controlled oil giant PAO Rosneft is leading a group that is taking over India’s Essar Oil Ltd. in a deal valued at up to $7.5 billion

  1. Mexico’s
  2. Russia’s
  3. Brazil’s
  4. Canada’s


(Q.27) Which entity has launched a Rs 60 crore ASPIRE (‘A Scheme for Promotion of Innovation and Rural Entrepreneurship and agro industry) fund to promote innovation, rural entrepreneurship and agricultural industry?

  2. NITI Aayog
  3. SIDBI
  4. MUDRA Bank


(Q.28) By flying from Delhi to San Francisco (SFO) over the Pacific Ocean instead of the Atlantic Ocean, which airlines has created the record of operating the world’s longest nonstop flight?

  1. IndiGo
  2. Jet Airways
  3. SpiceJet
  4. Air India


(Q.29) Which among the following has been launched as India’s first startup magazine that will help boost the entrepreneurial ecosystem in the country through its stories?

  1. ‘Cofounder’
  2. ‘Wings’
  3. ‘Inspire’
  4. ‘Takeoff’


(Q.30) Which among the following foreign bank has unveiled an Artificial Intelligence based chatbot named ‘Erica’ to help its customers improve their financial affairs?

  1. HSBC
  2. Bank of America
  3. BNP Paribas
  4. Standard Chartered


(Q.31) Reserve Bank of India (RBI) has permitted Start-ups to raise external commercial borrowings (ECBs) of up to USD ______ in a financial year

  1. USD 1 million
  2. USD 3 million
  3. USD 5 million
  4. USD 7 million



(Q.32) Which among the following states have jointly topped the 2016 all-India State/Union Territory-wise Ease of Doing Business rankings announced by Commerce and Industry Ministry?

  1. Gujarat and Maharashtra
  2. Gujarat and Telangana
  3. Maharashtra and Andhra Pradesh
  4. Andhra Pradesh and Telangana


(Q.33) Which among the following public sector banks has signed a principal sponsorship contract with badminton Olympians P V Sindhu and K Srikanth?

  1. Bank of Baroda (BOB)
  2. State Bank of India (SBI)
  3. Punjab National Bank (PNB)
  4. Indian Bank


(Q.34) India has ranked _______ among 190 countries in the recently released World Bank’s ease of doing business index for the year 2017

  1. 110th
  2. 120th
  3. 130th
  4. 140th


(Q.35) Which country has topped the recently released World Bank’s ease of doing business index for the year 2017?

  1. United States
  2. China
  3. New Zealand
  4. Switzerland


Also Read:

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