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Banking & Current Affairs Quiz

1. The Chinese Grand Prix formula one was won by who among the following on 12 Apr?
(a) Torro Rosso 
(b) Kimi Raikkonen
(c) Sebastian Vettel 
(d) Nico Rosberg
(e) Lewis Hamilton

2. In which year, the Forward Contracts (Regulation) Act was enacted in India?
(a) 1950
(b) 1952
(c) 1962
(d) 1975
(e) 1978

3. The Nobel laureate Gunter Grass, who died recently, was known as the voice of memory of
(a) France 
(b) Canada
(c) Germany 
(d) Italy
(e) Spain

4. Which of the following is related to microfinance?
(a) Bimal Jalan committee
(b) S Sen committee
(c) Narsimhan Committee
(d) Malegam committee
(e) All of above

5. In a joint press conference with German Chancellor Angela Merkel at Berlin on 14th Apr’15, PM Narendra Modi urged the international community to treat _______ as "sensitively" as nuclear proliferation.
(a) Terrorism
(b) Global Warming
(c) Make In India
(d) River Cleaning
(e) None of These

6. Kapoor committee, 1999 is related to ____.
(a) Micro-finance
(b) Restructuring of RRBs
(c) Capital Account convertibility
(d) Co-operative Banking Reforms
(e) None of these

7. ______ is a cheque or an act or rather an amount of cheque, which is above the balance available in the account of the payer.
(a) Overdraft
(b) Cross cheque
(c) Cross selling
(d) Open end
(e) None of these

8. The Government has constituted a task force comprising experts and senior officials to be chaired by B N Navalawala, Ex-Secretary of Ministry of Water Resources. What is the major responsibility of the task force?
(a) Combat Terrorism
(b) Interlinking of Rivers
(c) Green Energy
(d) Skill Development
(e) Decreasing Global  Warming

9. Which of the following banks in India acquired the diamond/jewellery financing business of Royal Bank of Scotland (RBS) recently?
(a) Yes Bank 
(b) Kotak Mahindra Bank
(c) ICICI Bank 
(d) IndusInd Bank
(e) None of these

10. The standard rate at which the RBI buys or rediscount bills of exchange and other commercial paper eligible for purchase under RBI act, is known as _____
(a) Base rate
(b) Repo rate
(c) Bank rate
(d) Reverse repo rate
(e) None of these

11. Name the separate non-political group announced by the Aam Aadmi Party rebels Yogendra Yadav and Prashant Bhushan on 14th Apr’15?
(a) Aam Samaj Party 
(b) Swaraj Party
(c) Swaraj Samaj Party
(d) Swaraj Abhiyan Party
(e) None of These

12. Which e-commerce company decided to not be a part of the new Airtel Zero platform that was attacked for allowing users to access partner applications without any charges for data?
(a) Amazon
(b) Flipkart
(c) Snapdeal
(d) PayTm
(e) eBay

13.  Who is the sole authority for issue of currency in India?
(a) GOI
(b) RBI
(c) (a) & (b) together
(d) RBI & SBI
(e) None of these

14. Which of the following statement is not correct about co-operative banks?
(a) These have been established under the co-operative society’s act of different states
(b) These follows three tier system
(c) Banking regulation act of 1949 is fully applicable to commercial banks
(d) These banks functions on the principle of co-operation and not entirely on commercial parameters
(e) All are correct

15. Which is the first bank to launch EMI facilities on debit cards?
(1) SBI                              
(2) Axis
(3) ICICI                           
(4) HDFC
(5) HSBC

Answers:

1. E

2. B

3. C

4. D

5. A

6. D

7. A

8. B

9. D

10. C

11. D

12. B

13. B

14. C

15. C

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