26 June 2016

Latest General Awareness Bits for SBI Clerks and POs and IBPS Recruitment Exams - 2016

1. In the recent newspapers, a term Rexit used frequently. The term refers to .......
1) Increasing Repo Rate, when the inflation is high.
2) Re entry of Urban Co-operative banks, whose license cancelled recently.
3) Government proposal to merge all Public sector banks in to 7 or 8 banks.
4) Exit of Raghuram Rajan as the Governor of RBI.
5) Exit of UK from European Union.

2. For the Offshore Derivative Instruments (ODIs), the new norms are issued by SEBI on 11 June 2016 to follow the Rules of KYC and AML regulations. KYC means Know Your Customer and AML stands for .........
1) Anti-Money Laundering
2) Again-Money Laundering
3) Anti-Mobile Laundering
4) Act-Money Laundering
5) Asserted-Money Laundering

3. Minister of State for Finance Jayant Sinha said banks are expected to disburse how much loans under the Pradhan Mantri Mudra Yojana (PMMY) in 2016-17?
1) Rs 3.80 lakh crore 2) Rs 10 lakh crore
3) Rs 1.80 lakh crore 4) Rs 1.00 lakh crore
5) Rs.75,000 crore

4. On 15 June 2016, the Union Cabinet approved the takeover by SBI of its five associate banks and ......
1) MUDRA Bank 2) NABARD
3) Exim Bank 4) National Housing Bank
5) Bharatiya Mahila Bank

5. Which of the following banks in the country has set up a Rs. 200-cr fund in order to fund start-ups in the financial technology (fintech) space?
1) Corporation Bank 2) Canara Bank
3) SBI 4) Union Bank of India
5) Citi Bank

6. RBI signed MoU with Bank of Israel (BOI) for exchange of information pertaining to banking supervision. The currency of Israel is......
1) Peso 2) Dinar
3) New Shekel 4) Dirham 5) Sol

7. Which is the first Local Area Bank (LAB) emerged as the first entity received the RBI license to start operations as a small finance bank?
1) Krishnabim Samrishi Local area Bank, Telangana
2) Coastal LAB, Vijayawada
3) Capital Local Area Bank, Jalandhar
4) South Gujarat Local Area Bank Ltd, Gujarat
5) None of above

8. For the mobilization of rural savings by local institutions and make them available for investments in the local areas, the Local Area Bank Scheme was introduced in .....
1) 1996 2) 1981 3) 2001 4) 2004 5) 2008

9. Which nation and India set up a joint parliamentary panel to enhance ties as declared on 19 June 2016?
1) Thailand 2) Ivory Coast 3) UAE
4) Saudi Arabia 5) USA

10. In order to enhance economic cooperation and strengthen financial stability, RBI extended the $ 2 billion currency swap arrangement to SAARC nations .....
1) till mid - November 2016
2) till mid - March 2017
3) till mid - March 2019
4) till mid - November 2017
5) till mid-January 2017

11. S.S.Tarapore, the ex-deputy governor of RBI passed away recently. He was a staunch critic of the FSLRC. FSLRC stands for ....
1) Financial Sector Loan Reforms Commission
2) First Sector Legislative Reforms Commission
3) Financial Sector Legislative Roll Commission
4) Financial Sector Legislative Reforms Commission
5) Front Sector Legislative Reforms Commission

12. The Stonegate Bank of the USA has made history by issuing the first credit card that can be used in .......
1) Vietnam 2) Paraguay 3) Uruguay
4) Brazil 5) Cuba

13. Which among the following is the Capital of Cuba?
1) Hanoi 2) Honiara 3) Havana
4) Harare 5) Hamilton

14. For stabilizing the Indian rupee, in the initiating of key reforms to attract much needed foreign capital in the country and reining in a runaway price appreciation, the Banker a monthly magazine of the Financial Times
Group, declared whom as the Asia-Pacific Central Bank Governor of the Year 2015?
1) Raghuram Rajan 2) Ashraf Mahmood Wathra
3) Dr. Chiranjivi Nepal 4) Janet Yellen 5) Karnit Flug

15. Which term used to describe when the innocent victims are duped by fraudsters into laundering stolen/ illegal money via their bank account, whether or not the account holder is aware of it, the account is used to fraudulently transfer money to fraudsters?
1) Money Lynching
2) Cheque Truncation 3) Money Muling
4) Insider Trading 5) Money Roll

16. Which of the following is a Debt Instrument as referred in financial transactions?
1) Commercial Papers 2) Certificate of Deposits
3) Bonds 4) None of above
5) All of above are Debt Instruments

17. S.K.Roy resigned as the chairman of ....
1) IRADAI 2) TRAI 3) RBI
4) LIC 5) Reliance Life

18. On 22 June 2016, Government extended the timeline for states to join UDAY scheme, meant for the revival of debt-laden discoms. In this context, UDAY stands for....
1) Unnathi DISCOM Assurance Yojana
2) Unique DISCOM Assurance Yojana
3) Ujwal DISCOM Adoption Yojana
4) Ujwal DEEPAM Assurance Yojana
5) Ujwal DISCOM Assurance Yojana

19. India and Thailand have agreed to commence talks for CEPA. In this context, CEPA stands for .....
1) Comprehensive Export Partnership Agreement
2) Conditional Economic Partnership Agreement
3) Commerce and Economic Partnership Agreement
4) Comprehensive Economic Partnership Agreement
5) Commodity Exchange Partnership Agreement

20. Thailand Prime Minister visiting India to attend the first bilateral meeting between India and Thailand. Who is the Prime Minister of Thailand?
1) Tran Dai Quang 2) Htin Kyaw
3) Rodrigo Duterte 4) Idriss Deby
5) Prayut Chan-o-cha

Answers:

1-4; 2-1; 3-3; 4-5; 5-3; 6-3; 7-3; 8-1; 9-3; 10-4; 11-4; 12-5; 13-3; 14-1; 15-3; 16-5; 17-4; 18-5; 19-4; 20-5.

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