10 June 2016

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

1. On 1 June 2016, Union Cabinet cleared a proposal to set up an India
post payments bank as a public limited company under the Department of
Posts. The Union government will own 100 percent equity in the bank,
which will have an outlay of .........
1) Rs.1000 crore 2) Rs.100 crore
3) Rs.500 crore 4) Rs.10 crore
5) Rs.800 crore

2. Payments bank will serve as a wider platform to implement financial
inclusion programmes. India Post's payments bank will start
functioning from ........
1) March 2017 2) March 2018
3) March 2019 4) March 2020 5) March 2025

3. India Post appointed ......... as consultant to establish payments bank.
1) Microsoft 2) Infosys 3) SBI 4) Deloitte 5) Dell

4. The Islamic Development Bank (IDB) head office located in ..........
1) Qatar 2) Iran 3) Iraq
4) Afghanistan 5) Saudi Arabia

5. To prevent cases of ATM / debit and credit cards being cloned or
skimmed, RBI has mandated that banks completely do away with ATMs
accepting cards with magnetic stripes by .........
1) 30 September 2016 2) 30 June 2016
3) 31 July 2017 4) 1 January 2017 5) 30 September 2017

6. Copying the information contained in a debit or credit card's
magnetic stripe for unauthorised use is called as .........
1) Near Future Technology 2) Card Notes
3) Skimming 4) Processing 5) Normal See Through

7. Securities and Exchange Board of India (SEBI) tightened norms for
P-notes or PNs as part of its efforts to curb money laundering. In
this context, P-note or PN stands for ..........
1) Priority Note 2) Primary Note
3) Point Note 4) Participatory note 5) Pin Note

8. An instrument issued by registered Foreign Institutional Investors
(FII) to overseas investors, who wish to invest in the Indian stock
markets without registering themselves with the market regulator SEBI
is called as ..........
1) Participatory note 2) Bill of Exchange
3) Foreign Portfolio Non-Investment
4) Garnishee Order 5) Certificate of Deposit

9. HDFC bank launched Smart Up, a first-of-itskind dedicated solution
for start-ups in Kolkata in association with NAASCOM (National
Association of Software and Services Companies) on 6 April 2016. Who
is the new chairman of NAASCOM?
1) Sunil Kanoria 2) Harsha Vardhan Neotia
3) C.P. Gurnani 4) Sumit Mazumder 5) Ananth Geethe

10. Which bank launched country's first contactless business credit
card for SMEs (Small and Mid-sized Enterprises) and their employees on
12 May 2016?
1) SBI 2) HDFC 3) ICICI
4) Axis Bank 5) Indian Overseas Bank

11. ......... launched Electronic Maintenance Management System
(e-MMS) Project, an automated military maintenance system, one of the
largest Maintenance Repair Overhaul (MRO) IT implementation in the
world on 12 May 2016.
1) Indian Army 2) Indian Air force
3) BSF 4) CRPF 5) CBI

12. RBI issues the new banknotes of Rs.1,000 denomination soon. Which
among the following statement is wrong related in this context?
1) It will have inset letter 'R' in both the number panels.
2) It will have ascending size of numerals.
3) Bleed lines taken away as it is old fashion.
4) Enlarged identification mark will be there.
5) It will also have the year of printing '2016' printed on the reverse.

13. Rs.1,000 currency note bear the signature of ........
1) Prime Minister of India
2) President of India
3) RBI Governor 4) Finance Secretary
5) Union Minister of Commerce and Trade

14. ICICI Bank inked MoU with New Development Bank (NDB) for a
partnership in bond issuances, co-financing, treasury management and
human resource. Who is the president of NDB?
1) Dinesh Sharma 2) Xian Zhu
3) Vladimir Kazbekov 4) K.V. Kamath 5) Lou Jiwei

15. National Bank for Agriculture and Rural Development (NABARD)
entered into collaboration with which nation for a special programme
on 'Soil Protection and Rehabilitation for Food Security'?
1) USA 2) UK 3) Japan
4) Germany 5) France

16. Who is the present chairman of NABARD?
1) R.S. Sharma 2) Devender Kumar Sikri
3) Harsh Kumar Bhanwala
4) Raghuram Rajan
5) Hemant C. Contractor

17. An Indian Economist working as the Chief Economist and Senior
Vice-president of World Bank. He is .........
1) Kaushik Basu 2) Subhir Gokarn
3) Raghuram Rajan 4) Shyamala Gopinath 5) H.R. Khan

18. Which committee submitted its report for the evolution of New
Education Policy (NEP)?
1) B.B. Tandon 2) Madhukar Guptha
3) TSR Subramanian 4) Ashok Dalwai
5) Mahesh Kumar Singla

19. Union Government on 20 May 2016 constituted a committee of experts
on defence spending headed by .........
1) Lt Gen DB Shekatkar
2) Prakash Singh 3) Ashok Lahiri
4) Ajay Shankar 5) Justice R.M. Lodha

20. Narendra Modi jointly inaugurated the Afghan-India Friendship Dam
(Salma Dam) with President of Afghanistan Dr.Ashraf Ghani at
Chist-e-Sharif in Herat province in Western Afghanistan on 4 June
2016. The capital and currency of Afghanistan are ..........
1) Kabul and Rupee
2) Islamabad and Afghani
3) Multan and Afghani
4) Kabul and Afghani 5) Tehran and Rial

Answers:

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

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