Best Banking Awareness of November 2018- StudyIQ

3. Q1) 3 Q1) 3- -day Sustainable day Sustainable Blue Economy Conference Conference was concluded in which was concluded in which country? Blue Economy country? A. A.Canada Canada B. B.UAE UAE C. C.Kenya Kenya D. D.France France

4. First 3 First 3- -day Sustainable Blue Economy Conference held in Nairobi, day Sustainable Blue Economy Conference held in Nairobi, Kenya Kenya The First The First 3 3- -day Sustainable Blue Economy Conference day Sustainable Blue Economy Conference concluded at International Convention Center, KICC, in International Convention Center, KICC, in Nairobi, Kenya, which begins on November 26, 2018. November 26, 2018. concluded at Kenyatta Kenyatta Nairobi, Kenya, which begins on It aims to work through the framework of the It aims to work through the framework of the Indian Ocean Rim Association (IORA). (IORA). Indian Ocean Rim Association Objective Objective: : To advance the global conversation on the sustainable development of the Blue To advance the global conversation on the sustainable development of the Blue Economy. Economy.

5. Key Key Points: Points: The theme The theme of this conference was ‘The Blue Economy and the 2030 of this conference was ‘The Blue Economy and the 2030 Agenda for Sustainable Development.’ Agenda for Sustainable Development.’ It was primarily hosted by the It was primarily hosted by the Government of Kenya Japan as co Japan as co- -hosts hosts and supported by and supported by UNDP Government of Kenya with UNDP through a multi donor basket through a multi donor basket fund. fund. with Canada and Canada and From India Union Minister for Shipping, Road Transport & Highways, Water From India Union Minister for Shipping, Road Transport & Highways, Water Resources, River Development and Resources, River Development and Ganga Gadkari Gadkari participated in the conference. participated in the conference. Ganga Rejuvenation Rejuvenation Nitin Nitin

6. Q2) Govt has launched Q2) Govt has launched 'Paisa credit and interest subvention access. The portal has credit and interest subvention access. The portal has been designed and developed by been designed and developed by which 'Paisa' portal for affordable ' portal for affordable which bank? bank? A. A.State Bank of India State Bank of India B. B.Baroda Bank Baroda Bank C. C.Allahabad Bank Allahabad Bank D. D.Punjab National Bank Punjab National Bank

7. Govt launched Govt launched 'Paisa 'Paisa' portal for affordable credit and interest ' portal for affordable credit and interest subvention subvention access access The government launched a The government launched a centralised interest subvention on bank loans to beneficiaries under interest subvention on bank loans to beneficiaries under Deendayal Antyodaya Antyodaya Yojana Yojana – – National Urban Livelihoods Mission National Urban Livelihoods Mission (DAY 'Paisa'. 'Paisa'. centralised electronic platform for processing electronic platform for processing Deendayal (DAY- -NULM), called NULM), called PAiSA PAiSA, or `Portal for Affordable Credit and Interest Subvention Access’, is a , or `Portal for Affordable Credit and Interest Subvention Access’, is a web platform designed and developed by web platform designed and developed by Allahabad Bank, which is the nodal bank. nodal bank. Allahabad Bank, which is the

8. Q3) Which bank has launched its Q3) Which bank has launched its upgraded mobile banking app app to ease user access to their respective bank accounts, to ease user access to their respective bank accounts, there are there are 120 120+ transactions available on the + transactions available on the app? upgraded mobile banking app? A. A.Axis Bank Axis Bank B. B.HDFC bank HDFC bank C. C. ICCI Bank ICCI Bank D. D.Yes Bank Yes Bank

9. HDFC Bank launches new mobile banking app: Top 5 features HDFC Bank launches new mobile banking app: Top 5 features HDFC Bank today launched its upgraded mobile banking app to ease user access to HDFC Bank today launched its upgraded mobile banking app to ease user access to their respective bank accounts. The app will feature intuitive navigation with their respective bank accounts. The app will feature intuitive navigation with features such as biometric log in for enhanced security and access. features such as biometric log in for enhanced security and access. The new app will have only three grouping such as categories like The new app will have only three grouping such as categories like — and Invest. and Invest. — Pay, Save, Pay, Save, Customers can view a dashboard that offers a 360 Customers can view a dashboard that offers a 360- -degree financial snapshot of all assets and liabilities with the bank. assets and liabilities with the bank. degree financial snapshot of all

10. HDFC Bank HDFC Bank claims to have done an intensive study of existing navigation and usage claims to have done an intensive study of existing navigation and usage patterns for the 120+ transactions available on the app. patterns for the 120+ transactions available on the app. The new banking app was launched at the Bank’s annual Digital Innovation Summit The new banking app was launched at the Bank’s annual Digital Innovation Summit 2018 in New Delhi. 2018 in New Delhi. Here are some features of the HDFC’s new mobile banking app: Here are some features of the HDFC’s new mobile banking app: 1) 1)Biometric log Biometric log- -in with fingerprint and facial recognition ( in with fingerprint and facial recognition (iPhone iPhone X) for enhanced X) for enhanced security security 2) Simple navigation based on customer needs like Pay, Save, Invest 2) Simple navigation based on customer needs like Pay, Save, Invest

11. 3 3) Notification by the app on bill and utilities payments ) Notification by the app on bill and utilities payments 4) Simpler terms for all transactions such as ‘Transfer Money’ instead of 4) Simpler terms for all transactions such as ‘Transfer Money’ instead of ‘Fund Transfer’ ‘Fund Transfer’ 5) Smart and intuitive technology that intelligently chooses between 5) Smart and intuitive technology that intelligently chooses between NEFT/IMPS or RTGS depending on the size and timing of the transaction NEFT/IMPS or RTGS depending on the size and timing of the transaction 6) Customized profile pictures like any social media channel 6) Customized profile pictures like any social media channel 7) 7) Personalised Personalised notifications and display based on consumer’s usage and notifications and display based on consumer’s usage and needs needs

12. Q4) India and which country has a signed protocol to amend Q4) India and which country has a signed protocol to amend Double Taxation Avoidance Agreement Double Taxation Avoidance Agreement (DTAA) for the avoidance of double taxation and for prevention of fiscal avoidance of double taxation and for prevention of fiscal evasion? evasion? (DTAA) for the A. A.Australia Australia B. B.Japan Japan C. C. Switzerland Switzerland D. D.China China

13. India, China sign protocol to amend Double Taxation Avoidance India, China sign protocol to amend Double Taxation Avoidance Agreement Agreement • India and China signed protocol to amend Double Taxation Avoidance • India and China signed protocol to amend Double Taxation Avoidance Agreement (DTAA) for the avoidance of double taxation and for prevention Agreement (DTAA) for the avoidance of double taxation and for prevention of fiscal evasion. of fiscal evasion. • Under Section 90 of Income • Under Section 90 of Income- -tax Act, 1961, India can enter into tax Act, 1961, India can enter into agreement with foreign country or specified territory for the avoidance of agreement with foreign country or specified territory for the avoidance of double taxation of income double taxation of income. .

14. • The Protocol to amend DTAA with China updates existing • The Protocol to amend DTAA with China updates existing provisions for exchange of information to latest international provisions for exchange of information to latest international standards. standards. • It incorporates changes required to implement treaty related • It incorporates changes required to implement treaty related minimum standards under the Action reports of Base Erosion & minimum standards under the Action reports of Base Erosion & Profit Shifting (BEPS) Project. Profit Shifting (BEPS) Project.

15. Q5) The Q5) The Reserve Bank Reserve Bank has relaxed norms for Commercial Borrowings (ECBs) Commercial Borrowings (ECBs) by reducing the mandatory hedging provision to hedging provision to _______ % from the current 100 _______ % from the current 100%? has relaxed norms for External by reducing the mandatory External %? A. A.80 % 80 % B. B.70 % 70 % C. C. 90 % 90 % D. D.85 % 85 %

16. RBI RBI Eases Hedging Norms For ECBs To 70% From Current 100% Eases Hedging Norms For ECBs To 70% From Current 100% The The Reserve Bank Reserve Bank has relaxed norms for has relaxed norms for External Commercial Borrowings (ECBs) (ECBs) by reducing the mandatory hedging provision to by reducing the mandatory hedging provision to 70% from the current 100%. current 100%. External Commercial Borrowings 70% from the The relaxed norms will apply to the ECBs with a maturity period The relaxed norms will apply to the ECBs with a maturity period between 3 and 5 years and 5 years. . between 3

17. Q6) The Q6) The Centre signed a signed a 200 million dollar loan agreement 200 million dollar loan agreement to finance widening and upgrading of about widening and upgrading of about 230 Kilometers Highways in which Highways in which state? Centre and and Asian Development Bank Asian Development Bank (ADB) (ADB) has to finance State has 230 Kilometers State state? A. A.Assam Assam Madhya Pradesh C. C. Bihar Bihar D. D.Odisha Odisha B. B.Madhya Pradesh

18. ADB, India ADB, India Sign Loan to Support Odisha Skills Development Development Project Project Sign $ $85 Million 85 Million Loan to Support Odisha Skills

19. The The Asian Development Bank Asian Development Bank projection projection for GDP for GDP Growth Growth 2018 2018 at 7.3 at 7.3 percent 2019 at 7.6 percent 2019 at 7.6 percent percent

20. India’s India’s economic growth economic growth will slow down somewhat but remain will slow down somewhat but remain robust, at close to robust, at close to 7.50% in 2019 and 2020 7.50% in 2019 and 2020, the Organisation for Economic Cooperation and Development Organisation for Economic Cooperation and Development (OECD) has said. (OECD) has said. , the India’s gross domestic product (GDP) grew 6.7% in 2017 India’s gross domestic product (GDP) grew 6.7% in 2017- - 18. 18. OECD projects OECD projects GDP at market prices GDP at market prices to grow 7.3% in 2019 7.3% in 2019 7.4% in 2020 7.4% in 2020 from from 7.5% in 2018. to grow 7.5% in 2018.

21. 16 16th thNovember November The Asian Development Bank (ADB) on Friday signed three loan The Asian Development Bank (ADB) on Friday signed three loan agreements with the government to provide debt of agreements with the government to provide debt of $ 574 million lending, electricity transmission and water supply infrastructure projects. lending, electricity transmission and water supply infrastructure projects. $ 574 million for on for on- - ADB and the government signed three separate loan agreements for ADB and the government signed three separate loan agreements for $ 300 million $ 300 million $ 169 million $ 169 million $ 105 million $ 105 million

22. Loan of Loan of $ 300 million $ 300 million is expected to help $ $ 2.4 billion investments 2.4 billion investments. . ( (India Infrastructure Finance Company Limited India Infrastructure Finance Company Limited (IIFCL) (IIFCL) is expected to help catalyze catalyze the financial closing of the financial closing of $ $ 169 million loan is the first tranche 169 million loan is the first tranche of up to $ 500 million loan that will be of up to $ 500 million loan that will be used to develop climate used to develop climate- -resilient water supply, sewerage and drainage resilient water supply, sewerage and drainage infrastructure in at least 10 cities in infrastructure in at least 10 cities in Tamil Nadu. Tamil Nadu. $ 105 million is the $ 105 million is the third tranche of the $ 350 million third tranche of the $ 350 million multi financing facility for multi financing facility for multi- -tranche financing facility (MFF) for tranche financing facility (MFF) for Himachal Pradesh Clean Energy Transmission Investment Program approved by the Pradesh Clean Energy Transmission Investment Program approved by the ADB Board in September 2011. ADB Board in September 2011. multi- -tranche tranche Himachal

23. The The World Bank World Bank will extend USD 310 million loan for will extend USD 310 million loan for Jharkhand Power System Power System Improvement Project to provide reliable, quality, and Improvement Project to provide reliable, quality, and affordable affordable 24x7 electricity 24x7 electricity in the state Jharkhand in the state. . The The World Bank World Bank has signed a deal with the Indian government and has signed a deal with the Indian government and the government of the government of Andhra Pradesh Andhra Pradesh to extend a to make farming in the state a financially viable to make farming in the state a financially viable activity. to extend a Rs Rs 1257 1257 crore loan crore loan activity.

24. Q7) A/C to Organisation for Economic Cooperation and Q7) A/C to Organisation for Economic Cooperation and Development (OECD), in India GDP at market prices to grow Development (OECD), in India GDP at market prices to grow ______ % in 2019 ______ % in 2019 ? ? A. A. 7.4 % 7.4 % B. B. 7.3% 7.3% C. C. 7.5% 7.5% D. D. 7.6% 7.6%

25. Q8) Q8) State Bank of Mauritius (SBM) State Bank of Mauritius (SBM) has appointed whom as the Managing Director & CEO of SBM whom as the Managing Director & CEO of SBM Bank (India Bank (India)? )? has appointed A. A.Sidharth Sidharth Rath B. B.Vikas Vikas Kaushal C. C.Amit Amit Goyal D. D.Tarun Tarun Garg Rath Kaushal Goyal Garg

26. Currently SBM Bank has a total of four branches across Currently SBM Bank has a total of four branches across Mumbai, Chennai, Hyderabad and Ramachandrapu Chennai, Hyderabad and Ramachandrapuram Mumbai, ram. . Mauritius' SBM gets RBI approval to merge operations with Mauritius' SBM gets RBI approval to merge operations with its Indian subsidiary its Indian subsidiary The The Reserve Reserve Bank of of SBM SBM (Mauritius), Bank of of India (Mauritius), India India said it has approved merger said it has approved merger India with with SBM SBM Bank Bank (India). (India).

27. Q9) Q9) Paytm Paytm (One 97 Communications Limited) (One 97 Communications Limited) has partnered with partnered with which insurance company which insurance company to insurance premium payments insurance premium payments on its has online to offer offer online on its platform? platform? A. A.PNB Met Life PNB Met Life B. B.HDFC Ergo HDFC Ergo C. C.LIC LIC D. D.None of these None of these

28. Paytm partners with LIC for insurance premium payments Softbank-backed, digital payments service provider, Paytm (One 97 Communications Limited) has partnered with the Life Insurance Corporation of India (LIC) to offer online insurance premium payments on its platform. Paytm now has 30 insurance companies on its platform including LIC, ICICI Prudential Life, Reliance Life, Max Life Insurance, HDFC Life, TATA AIA, SBI Life, Aditya Birla Sun Life, Canara HSBC Life Insurance, Shri Ram Life and Star Health among others.

29. Q10) Asian Development Bank (ADB) Q10) Asian Development Bank (ADB) and the have have signed signed a a __________________ million __________________ million Loan Agreement to support lending by to support lending by India Infrastructure Finance Company Limited India Infrastructure Finance Company Limited (IIFCL (IIFCL)? )? and the Government of India Government of India Loan Agreement A. A. $300 M $300 M B. B. $350 M $350 M C. C. $200 M $200 M D. D. $250 M $250 M

30. Q11) Which bank has launched India’s first interactive Q11) Which bank has launched India’s first interactive credit card named credit card named Nexxt Nexxt Credit Credit Card? Card? A. A.Axis Bank Axis Bank B. B.HDFC bank HDFC bank C. C.Indusind Indusind Bank D. D.Yes Bank Yes Bank Bank

31. IndusInd IndusInd Bank Bank launched the launched the Nexxt Interactive card with buttons. Interactive card with buttons. Nexxt Credit Card which is India’s first Credit Card which is India’s first The card has been created in partnership with Dynamics Inc, which is headquartered in Pittsburgh USA, and designs and manufactures intelligent, battery powered payment cards. According to the bank, this card provides customers with the flexibility of 3 According to the bank, this card provides customers with the flexibility of 3 payment options at a POS terminal payment options at a POS terminal — — Credit, Converting Transactions into EMIs with 4 tenure options (6, 12, 18 & 24 months) or using accumulated EMIs with 4 tenure options (6, 12, 18 & 24 months) or using accumulated Reward Points, by simply pushing a button on the card. Reward Points, by simply pushing a button on the card. Credit, Converting Transactions into

32. Q12) Q12) Ashok Chawla Ashok Chawla has resigned from the post of has resigned from the post of chairman over corruption chairman over corruption charges? charges? A. A.Federal bank Federal bank B. B.Kotak Kotak Mahindra Bank Mahindra Bank C. C.Yes Bank Yes Bank D. D.City union Bank City union Bank

33. Q13) The Q13) The Reserve Bank of India Reserve Bank of India has cancelled the certificate of registrations how many certificate of registrations how many non finance companies finance companies (NBFCs) for unspecified reasons ? (NBFCs) for unspecified reasons ? has cancelled the non- -banking banking A. A.30 B. B.28 C. C.31 D. D.21 30 28 31 21

34. 31 NBFC registrations cancelled by RBI 31 NBFC registrations cancelled by RBI Reserve Bank of India Reserve Bank of India cancelled the certificate of registrations of as many cancelled the certificate of registrations of as many as as 31 31 non non- -banking finance companies (NBFCs) for unspecified reasons. banking finance companies (NBFCs) for unspecified reasons. ii. . A majority A majority 27 27 of the 31 companies which lost their of the 31 companies which lost their licences from from Bengal. Bengal. licences are are ii. ii. Bengal is followed by Bengal is followed by Uttar Pradesh, which has seen four NBFC Uttar Pradesh, which has seen four NBFC licence cancellations. cancellations. licence

35. Q14) According to a notification to Q14) According to a notification to the National Stock Exchange Rs.3,054 crore Rs.3,054 crore was infused in which bank by centre as an was infused in which bank by centre as an investment during the investment during the current financial year current financial year 2018 the National Stock Exchange , , 2018- -19 19? ? A. A. Punjab National Bank Punjab National Bank B. B. Canara Bank Canara Bank C. C. Bank of India Bank of India D. D. Allahabad Bank Allahabad Bank

36. Q15) To enhance agricultural productivity, profitability, and climate Q15) To enhance agricultural productivity, profitability, and climate resilience of poor and resilience of poor and marginalised marginalised farmers in the state, the centre and which state have signed and which state have signed the the loan agreement for million with World Bank million with World Bank. . farmers in the state, the centre loan agreement for $172.20 $172.20 A. A. Madhya Pradesh Madhya Pradesh B. B. Maharashtra Maharashtra C. C. Andhra Pradesh Andhra Pradesh D. D. Tamil Nadu Tamil Nadu

38. World Bank, Centre and Andhra govt World Bank, Centre and Andhra govt signed an MOU to $172 million loan to make farming viable in Andhra Pradesh million loan to make farming viable in Andhra Pradesh signed an MOU to $172 The The Central Central and and Andhra Pradesh Andhra Pradesh governments and the signed the loan agreement for signed the loan agreement for $172.20 million. governments and the World Bank $172.20 million. World Bank have have To enhance agricultural productivity, profitability, and climate resilience of To enhance agricultural productivity, profitability, and climate resilience of poor and poor and marginalised marginalised farmers in Andhra Pradesh. farmers in Andhra Pradesh.

39. Q16) Q16) Citigroup Citigroup has appointed as as its its new new chairman has appointed whom chairman? ? whom A. A.John Dugan John Dugan B. B.Michael O'Neil Michael O'Neil C. C. Richard Davis Richard Davis D. D.Bill Winters Bill Winters

40. Citigroup has appointed John Dugan, a former comptroller of the currency, as its new chairman. i. John Dugan is 63 years old. He will succeed Michael O’Neill, who will retire at the end of 2018. ii. John Dugan has been on Citi’s board for more than a year. He was comptroller of the currency from 2005 to 2010. iii. He had served as counsel to the Senate banking committee and as an official at the Treasury department. He also served on the Basel Committee on Banking Supervision from 2007 to 2009.

41. Q17) Q17) PCI Security Standards Council PCI Security Standards Council (PCI SSC) has appointed whom as its Associate Director, India, to lead its India whom as its Associate Director, India, to lead its India outreach efforts to promote PCI Security Standards? outreach efforts to promote PCI Security Standards? (PCI SSC) has appointed A. A.Anmol Anmol Sharma B. B.Vishnu Vishnu Goyal C. C. Nitin Nitin Bhatnagar Bhatnagar D. D.Nitesh Nitesh Bhattacharya Bhattacharya Sharma Goyal

42. Q18) Reserve Bank of India (RBI) has approved Q18) Reserve Bank of India (RBI) has approved reappointment of reappointment of Aditya Puri Aditya Puri as managing director and CEO as managing director and CEO of the HDFC Bank for another _____ of the HDFC Bank for another _____ years? years? A. A.5 year 5 year B. B.3 years 3 years C. C. 4 years 4 years D. D.2 years 2 years

43. Aditya Aditya Puri joined HDFC Bank in Puri joined HDFC Bank in 1994. He is the longest 1994. He is the longest- -serving head of any private bank in India. head of any private bank in India. serving

44. Q19) A/C to Q19) A/C to RBI, sector grew at what per cent year sector grew at what per cent year- -on on- -year in the fortnight ended November 9, 2018, the highest growth since November 9, 2018, the highest growth since demonetisation 500 and Rs 1000 notes in November 500 and Rs 1000 notes in November 2016? RBI, total total credit growth credit growth from banks to the commercial from banks to the commercial year in the fortnight ended demonetisation of Rs 2016? of Rs A. A. 15.6 % 15.6 % B. B. 15.2 % 15.2 % C. C. 15. 4% 15. 4% D. D. 15.5 % 15.5 %

45. Non-food bank credit grows at 15.6% Total credit growth from banks to the commercial sector grew at 15.6 per cent year- on-year at Rs 97.32 lakh crore in the fortnight ended November 9, 2018, the highest growth since demonetisation of Rs 500 and Rs 1000 notes in November 2016, according to a Reserve Bank of India data. • The non-food credit grew by 15.12 per cent to Rs 90.51 lakh crore, while • The total non-SLR investments rose 22.26 per cent to Rs 6.81 lakh crore

46. Q20) With an aim to reduce trading costs, regulator Q20) With an aim to reduce trading costs, regulator SEBI has has came came out with a framework for interoperability among out with a framework for interoperability among clearing corporations (CCPs), which will be clearing corporations (CCPs), which will be operationalised by __________? by __________? SEBI operationalised A. A.1 July 2019 1 July 2019 B. B.1 June 2019 1 June 2019 C. C. 1 April 2019 1 April 2019 D. D.1 Jan 2019 1 Jan 2019

47. Q23) Who has introduced a survey on India’s startup sector Q23) Who has introduced a survey on India’s startup sector (SISS), (SISS), in order to create a profile of the startups in order to create a profile of the startups and provide dimensions pertaining to their profitability provide dimensions pertaining to their profitability and workforce? workforce? and and A. A.SEBI SEBI B. B.NITI Aayog NITI Aayog C. C. RBI RBI D. D.SBI SBI

48. In a recent NASSCOM In a recent NASSCOM- -Zinnov Approaching Escape Velocity,”, India has emerged as the third largest startup hub in Approaching Escape Velocity,”, India has emerged as the third largest startup hub in the world. the world. Zinnov report report titled “Indian Start titled “Indian Start- -up Ecosystem 2018: up Ecosystem 2018: The sectors that led the growth in the tech startup space include the increasing The sectors that led the growth in the tech startup space include the increasing number of advanced tech startups, which saw a rise of 50% in 2018 from 2017, number of advanced tech startups, which saw a rise of 50% in 2018 from 2017, with artificial intelligence, data analytics and internet of things (IoT) witnessing the with artificial intelligence, data analytics and internet of things (IoT) witnessing the fastest adoption fastest adoption. . According to the report According to the report, Bangalore, Delhi have seen a tremendous growth in startups, with Bangalore becoming one of the have seen a tremendous growth in startups, with Bangalore becoming one of the fastest growing technology startup hubs. fastest growing technology startup hubs. , Bangalore, Delhi- -NCR and Mumbai are the top cities which NCR and Mumbai are the top cities which

49. Q24) Who Q24) Who was Task Force, the committee which is drafting a new tax law and Task Force, the committee which is drafting a new tax law and was constituted by the Government of India in November, was constituted by the Government of India in November, 2017? 2017? was appointed as appointed as convenor convenor of New Direct Tax Law of New Direct Tax Law A. A.Amandeep Amandeep Sehgal B. B.Akhilesh Akhilesh Ranjan C. C. Vijay Vijay Chauhan Chauhan D. D.Ranjit Ranjit Sodhi Sehgal Ranjan Sodhi

50. CBDT appoints CBDT appoints Akhilesh Akhilesh Ranjan Ranjan as Head of as Head of Convenor Convenor of Task Force of Task Force The Central Board of Direct Taxes (CBDT) member The Central Board of Direct Taxes (CBDT) member Akhilesh appointed as appointed as convenor convenor of of New Direct Tax Law Task Force, the committee New Direct Tax Law Task Force, the committee which is drafting a new tax law which is drafting a new tax law and was constituted by the Government of and was constituted by the Government of India in November, 2017. India in November, 2017. Akhilesh Ranjan Ranjan was was He will He will replace former CBDT member replace former CBDT member Arbind September this year. September this year. Arbind Modi Modi who retired in who retired in