General Awareness Quiz

1.The Reserve Bank of India decided to grant in principle approval to which organisation to function as the Bharat Bill Payment Central Unit (BBPCU) in Bharat Bill Payment System (BBPS)?

Ans 1. NPCI

2.Reserve Bank of India (RBI) issued revised and uniform guidelines on Internet Banking for all licensed cooperative banks including Urban Cooperative Banks (UCBs), Cooperative Banks (StCBs) and Districts Co-operative Banks (DCBs). The cooperative banks have to report commencement of the service to the concerned Regional Office of RBI in how many months?

ANS 2.One months

3.The Reserve Bank of India (RBI) granted in-principle approval to three applicants to set up and operate Trade Receivables Discounting System (TReDS)/?

ANS 3 NSE Strategic Investment Corporation Limited (NSICL) and Small Industries Development Bank of India (SIDBI),

Mumbai

b) Axis Bank Limited, Mumbai

c) Mynd Solutions Pvt. Ltd., Gurgaon, Haryana

4.The Reserve Bank has imposed Rs 1 crore penalty on Dhanlaxmi Bank for violation of?

ANS 4. Know Your Customer (KYC) and Anti Money Laundering (AML) norms.

5.The Reserve Bank of India (RBI) on 15 October 2015 formed a single Financial Inclusion Fund (FIF) with a corpus of  Rs?

ANS 5.2000 crore rupees.

6.The Reserve Bank of India (RBI) has signed a Memorandum of Understanding (MoU) with which bank on Supervisory Cooperation and Exchange of Supervisory Information?

ANS.6 the Central Bank of United Arab Emirates (UAE)

7.The Reserve Bank of India (RBI) has allowed non-resident Indians (NRIs) to subscribe to the National Pension System (NPS) enabling them access old age income security what are those acts?

ANS 7.(1) NPS will act as an investment option for NRIs under Foreign Exchange Management Act (FEMA), 1999.

 (2)NRIs may subscribe to the NPS through normal banking channels and the person is eligible to invest as per the provisions

of the PFRDA Act, 2013.

8.The Reserve Bank of India (RBI) has granted permission to the Indian corporate to issue offshore rupee-denominated bonds outside India. Such bonds will attract a withholding tax of?

ANS 8. 5%

9.The Reserve Bank of India (RBI) notified that the Foreign Institutional Investors(FIIs)/Registered Foreign PortfoliosInvestors (RFPIs) can now invest up to which percentage  of the paid up capital of DEN Networks Limited under the Portfolio Investment schemes ?

ANS 9. 74%

10.The Reserve Bank has signed a memorandum of understanding (MoU) with which bank   for exchange of supervisory information?

ANS 10.Bangladesh Bank

11.The Reserve Bank of India (RBI) issued a Direction to all Scheduled Commercial Banks (excluding Regional Rural Banks) on implementation of the Gold Monetisation Scheme, 2015 notified by the Union Government.The RBI issued the direction to banks in exercise of powers conferred on it underwhich section?

ANS11.Section 35A of the Banking Regulation Act, 1949

12.The Reserve Bank of India (RBI) declared which banks as Domestic Systemically Important Banks (D-SIBs) in line with the D-SIB Framework?

ANS12 State Bank of India (SBI) and ICICI Bank

13.Reserve Bank of India (RBI) has decided to issue coins of 5 rupees denomination to commemorate golden jubilee year of Indo-Pak War 1965. These coins will be issued under in which act?

ANS13 The Coinage Act, 2011 and will be considered as legal a tend.

14.In a fresh setback to the beleaguered Sahara India Pariwar, the Reserve Bank of India (RBI) has cancelled the license of its

holding company?

ANS 14. Sahara India Financial Corporation Limited (SIFCL)

15.Reserve Bank of India (RBI) has inked a Memorandum of Understanding (MoU) with the Nepal Rastra Bank (NRB) on Supervisory Cooperation and Exchange of Supervisory Information. The MoU was signed by RBI’s Executive Director and Nepal Rastra Bank’s Executive Director?

ANS 15. Meena Hemchandra and  Narayan Prasad Paudel

16.The Reserve Bank of India (RBI) has granted in principle approval to how many entities to set up small finance banks to provide basic banking services to small farmers and micro industries?

ANS 16.10

17.The Reserve Bank of India (RBI) relaxed the norms of Foreign Portfolio Investors (FPIs) of government debt and also announced higher investment limits in rupee terms in government securities with a view to bring in an additional amount of?

ANS 17. 1.2 lakh crore rupees by March 2018

18.(RFPIs) Stand for?

Ans 18 .Registered Foreign Portfolios Investors

19.The Reserve Bank of India (RBI) announced relaxation in norms that allow banks to upgrade credit facilities extended to borrowing entities upon a change in ownership, only if the ownership has been changed outside  (SDR) stands for?

ANS 19. Strategic DebtRestructuring Scheme

20.RBI approval to smal Finance banks  will enable these entities comply with the guidelines on Small Finance Banks and will be valid for how many months?

ANS 20.18 months.