22 September 2015

Latest General Awareness for Bank, Insurance and Other Exams - 2015

1. Union Cabinet approved Gold Bond and Gold Monetisation schemes to
reduce the metal's demand in physical form on 9 September 2015. As per
the statement of Finance Minister, Gold Bond scheme will have an
annual cap of .... per person.
1) 500 grams 2) 500 kilos
3) 50 grams 4) 1000 grams 5) 5 grams

2. 2015-16 Budget proposed to launch SGB scheme to develop a financial
asset as an alternative to gold. SGB stands for ....
1) Select Gold Bond
2) Sovereign Gold Bond
3) Sixth Gold Bond
4) Simple Gold Bond
5) SBI Gold Bond

3. Under the Gold Bond scheme instead of buying physical gold, Indian
residents can buy the Gold Bonds. As per the Gold Bond scheme, the
bonds would be issued for the term of ......
1) 5-7 years 2) 15-17 years
3) 1-2 years 4) 1-5 months 5) None of the above

4. Under Gold Monetisation Scheme, Union Finance Minister said the
people holding idle gold can deposit it in banks for either short,
medium or long term. Finance Minister said it is .....
1) not a black money immunity scheme.
2) a black money immunity scheme.
3) black money immunity scheme provided the depositor deposits up to
500 Grams of gold.
4) black money immunity scheme provided the depositor deposits up to
100 Grams of gold.
5) black money immunity scheme provided the depositor deposits up to
10 Grams of gold.

5. Which of the following statement is wrong relating to Finance
Minister statement on Gold Bond Scheme and Gold Monetisation Scheme?
1) It is safer and economically more stable to go under both of these schemes.
2) SGB scheme protects investors from medium-term volatility in gold prices.
3) The rate of interest earned on any scheme directly can be converted into
USA Dollars.
4) Around 1,000 tonnes of gold is imported annually and people hold
such quantum of idle gold just for investment purpose every year.
5) Gold mobilized under Gold Monetisation Scheme will be used in
auctioning and replenishing RBI's gold reserves.

6. RBI signed a MoU with the Nepal Rastra Bank (NRB) on Supervisory
Cooperation and Exchange of Supervisory Information. Who is the
Governor of NRB?
1) Kaushik Basu 2) Deepak Guptha
3) Dr. Chiranjivi Nepal 4) K.V. Kamth
5) Subhash Chandra Garg

7. The RBI passed few guide lines about the issue of Credit cards by
UCBs (Urban Cooperative Banks). The wrong option is....
1) UCBs are permitted to issue general purpose cards to their
customers, but are not allowed to issue co-branded credit cards.
2) General purpose cards are those that are issued under the trademark
of credit card associations (VISA / Mastercard etc) and accepted by
many merchants.
3) UCBs are permitted to issue credit cards to their regular members
and nominal members only, but not to nonmembers.
4) Card issuing banks would be solely responsible for fulfillment of
all KYC requirements.
5) All of above are correct

8. World Bank ranked which state as most investor-friendly State in its report
'Assessment of State Implementation of Business Reforms' released on 14
September 2015?
1) MP 2) Chhattisgarh 3) Gujarat 4) AP 5) Jharkhand

9. Which bank launched SimplyCLICK, a credit card for online shopping
by entering into partnership with 7 India's biggest e-commerce
companies?
1) Andhra Bank 2) Union Bank of India
3) SBI 4) Bank of Baroda 5) HDFC Bank

10. The ICICI Bank launches 'Pockets', India's first digital bank on a
mobile phone. Pick the correct one.
1) Pockets' allows any individual (account holder or not) to download
and instantly
activate an e-wallet.
2) Users can fund it from any bank account in the country and start
transacting immediately. It requires no documentation or branch visit.
3) Users can also choose to add a zero balance Savings Account to it.
4) This e-wallet allows users to instantly send/ request money to/
from any e-mail
id, mobile number, friends on Facebook and bank account.
5) All of the above

11. Who heads the committee to restructure the Central Water
Commission (CWC) and the Central Ground Water Board (CGWB) to
encourage optimal development of water resources in the country? (He
was the exmember
of Planning Commission).
1) Navalawala 2) Uma Bharathi
3) Mihir Shah 4) A.K. Mathur 5) Vidyasagar Rao

12. Who is heading 30-member Joint Committee of Parliament that is discussing
the Right to Fair Compensation and Transparency in Land Acquisition,
Rehabilitation and Resettlement Bill?
1) Pratap Rudy 2) Veerappa Moily
3) S.S. Ahluwalia 4) Sitaram Yechury 5) None

13. Asia's biggest onion market located in Lasalgaon. Where is Lasalgaon?
1) Maharashtra 2) AP
3) Odisha 4) West Bengal 5) Karnataka

14. Which state is the second to fix minimum educational
qualifications for those contesting panchayat polls after Rajasthan?
1) Assam 2) AP 3) Haryana 4) UP 5) Bihar

15. Ranil Wickremesinghe visited India. He is the Prime Minister of .......
1) Nepal 2) Bhutan 3) Sri Lanka 4) Myanmar 5) Maldives

16. Who was unanimously elected as the Chairman of the Press Trust
of India (PTI) on 14 September 2015? (He is current Managing Director
of Bombay Samachar).
1) Riyad Mathew 2) Ramoji Rao CH
3) Hormusji N Cama 4) Malini Parthasarathy
5) Jaideep Bose

Answers:

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

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