Banking & Economy Question PDF 2017 (Jan To May) by AffairsCloud

Banking & Economy
Capsule 2017
Dear AC Aspirants,
General Awareness section is very important in banking, insurance

and related exams. One can increase his/her chances of clearing the
written exam with good marks if he/she scores good marks in GA
section.
In 2017, we have observed that the exams are asking current

banking and economy questions more in GA section. So with this
observance and to help you in the upcoming exams of the year, we
have gathered all the banking and economy current NEWS of this
year from January to May 2017.
The future belongs to those who believe in the beauty of

their dreams. Always insist on yourself never imitate.
All the best for upcoming Exams with regards from AC team
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Banking & Economy 2017
Contents
Banking/Economy Awareness January 2017 ............................................... 2
Banking/Economy Awareness February 2017 .......................................... 18
Banking/Economy Awareness March 2017 ................................................ 30
Banking/Economy Awareness April 2017 .................................................. 43
Banking/Economy Awareness May 2017 .................................................... 53
Banking/Economy Awareness January 2017
What is the new extended deadline announced by the Reserve Bank of India for the Non Resident
Indian (NRIs) citizens to exchange the demonetized notes?
Answer: June 30, 2017.
Explanation:
The Reserve Bank of India (RBI) has taken a relief providing decision for the Non-Resident Indian
and Indian Citizens who were staying abroad since November 9 to December 31post demonetization
decision. As per the decision, the Indian Citizens can exchange their demonetized notes up to March 31,
2017 while the Non Resident Indian (NRIs) citizens can avail this facility up to June 30, 2017.
How much financial benefit would be provided to the pregnant women in rural areas as announced by
PM Modi?
Answer: Rs. 6000
Explanation:
A sum of Rs 6000 would be deposited in the account of pregnant and lactating women in above 650 rural
districts to meet medical expenses. The scheme would initially be implemented in form of a pilot project in
53 districts, with the amount of Rs 4,000
What is the new Credit Guarantee limit for Micro Small and Medium Enterprises as decided by the
Union Government on December 31, 2016?
Answer: 2 Crore
Explanation:
PM Modi said that the cash credit limit for small businesses would be raised to 25 per cent from 20 per
cent. The Credit guarantee for Micro Small and Medium Enterprises would be raised to Rs 2 crore from
current Rs 1 crore.
What percent of interest has been decided by the Centre for the Senior Citizens on their deposits of up
to 7.5 lakhs for 10 years?
Answer: 8 Percent
Explanation:
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The Prime Minister on December 31, 2016, has approved that senior citizens would get a monthly fixed
interest of 8% on their deposits of up to 7.5 lakhs for 10 years.
Prime Minister Modi on December 31 has announced to convert how many Kisan Credit Card
into RuPay card in the next 3 months?
Answer: 3 Crore
Explanation:
PM on December 31, announced to convert 3 crore Kisan credit card into RuPay card in the next 3 months.
The problem with Kisan Credit Card is that farmers need to go to bank to withdraw money, but RuPay Card
will enable them to buy/sell directly through the card.
The Central Government has recently permitted how many Public Sector Banks to raise Rs 2,914.038
crore from market to strengthen their capital base?
Answer: 12
Explanation:
The Central government had infused a sum of Rs 25,000 crore in 19 PSBs during FY 2015-16. In this Rs.
22,915 crore was allocated to 13 PSBs on July 19, 2016. The remaining amount Rs 2,914.038 crore will be
released on assessment of performance of 12 PSBs, the Department of Finance in its year-end review for
2016. The Finance Minister Arun Jaitleyhas granted its approval to 12 proposals of PSBs to raise a sum of
Rs 2,914.038 crore through preferential allotment and permission given to raise Rs 200 crore by United
Bank of India through QIP mode.
Which bank has tied with the artificial intelligence firm Niki.ai to launch OnChat Chatbot
on Facebooks Messenger platform?
Answer : HDFC Bank
Explanation:
HDFC has tied-up with artificial intelligence firm Niki.ai to launch a chatbot called OnChat on Facebooks
Messenger platform, that will allow users to recharge phones, pay utility bills, book cabs from Ola or Uber
etc., through a chat. The chatbot is available for non-HDFC bank users as well. The chat opens a payment
gateway through which transactions can be made using any bank account.
Coca-Cola India has partnered with which bank to educate the retailers on digital transaction?
Answer : State Bank of India
Explanation:
Coca-Cola India and its largest bottling partner Hindustan Coca-Cola beverages have partnered the SBI to
enable over 2.6 million retailers and 5000 distributors in conducting business transactions digitally. SBI will
educate retailers on digital transactions and will be developed a customized payment solution for retailers
and distributors.
Many PSUs and private banks reduced their benchmark lending rate, MCLR, by up to 1.48
percent on January 3, 2017 enabling cheaper loans to publiC.What does MCLR stands for?
Answer: Marginal Cost of Funds based Lending Rate
Explanation:
A day after Prime Minister Narendra Modi announced an interest subvention for home loans of up to Rs. 12
lakh and asked banks to keep the poor and middle class at the focus of their activities many PSUs and
private banks reduced their benchmark lending rate, MCLR by up to 1.48 percent on January 3, 2017.
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Name the android app recently launched by Government of India that has topped the chart of Google
Play Store to become the most famous app in the country.
Answer: BHIM
Explanation:
Union Governments online payments app Bharat Interface for Mobile (BHIM) has become the most
popular Android app in the country days after it was launch. The Aadhaar-based payments app has topped
the charts on Googles Play Store in India
Name the country which has announced first-of-its-kind initiative to offer some basic pay to
unemployed citizens every month selected on random basis.
Answer: Finland
Explanation:
Finland has become the first country in the world to give some basic income to unemployed citizens to
ensure a universal income offering greater security, especially as technological advances reduce the need for
human labour.
Consumer electrical goods manufacturer Bajaj Electricals has tied up with which bank to provide
digitized payment to its vendor using blockchain technology?
Answer: Yes Bank
Explanation:
Yes Bank has entered into a tie-up with Bajaj Electricals for vendor financing using blockchain
solution. There is an over 70 per cent cost reduction because of blockchain and the payback for our
investments is 6-8 months. Blockchain solutions is a distributed database that maintains a continuously-
growing list of ordered records called blocks.
Who has been appointed as the new Executive Director (ED) of Reserve Bank of India replacing U S
Paliwal?
Answer: Surekha Marandi
Explanation:
Indias central banking institution Reserve Bank of India(RBI) was appointed Surekha Marandi as its
Executive Director (ED). She replaced U S Paliwal. Prior to this, Marandi was working as the
Principal Chief General Manager and Chief Vigilance Officer in the Reserve Bank.
Name the Mobile commerce and payments firm thats has received the final approval from RBI to
operate as Payment Bank.
Answer: Paytm
Explanation:
Mobile commerce and payments company, Paytm received the final approval from the Reserve Bank of
India on January 3, 2017 to launch Paytm Payment Bank.
Which bank has tied up with Life Insurance Corporation of India (LIC) to boost venture capital
investment in MSME Sector?
Answer: Small Industries Development Bank of India (SIDBI)
Explanation:
Small Industries Development Bank of India (SIDBI) has tied up with Life Insurance Corporation of India
(LIC) to give a boost to the venture capital ecosystem for MSMEs. LIC and SIDBI signed Contribution
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Agreements with 7 Venture Capital Funds (VCFs) with an aggregate commitment of Rs 99.50 crore from
LIC on January 03 in New Delhi.
Name the Accident Insurance Scheme launched by the Karnataka Bank for its Saving Bank (SB)
Account Customers.
Answer: KBL Suraksha
Explanation:
Karnataka Bank has launched has launched a group Personal Accident Insurance Scheme for all its Saving
Bank(SB) Account holders. The insurance scheme is named KBL Suraksha and provides insurance cover
for accidental death. All the SB Account holders within the age group of 18-70 years can register themselves
for the insurance scheme.
Where was the 16th Financial Stability and Development Council (FSDC) meeting held?
Answer: New Delhi
Explanation:
The 16th edition of the Financial Stability and Development Council (FSDC) meeting was held on January
5, 2017 in New Delhi under the Chairmanship of the Union Finance Minister Arun Jaitley.
Which States/UT Government has recently launched Good Samaritan Policy for encouraging people
to help accident victims?
Answer: New Delhi
Explanation:
The Delhi government has approved Good Samaritan Policy to encourage people to help accident victims.
Delhi government approved Good Samaritan Policy under which monetary incentive of Rs 2,000 and
appreciation certificate will be given to people who help road accident victims in the national capital.
As per the report of CSO, the Gross Domestic Product (GDP) growth of India is estimated at
___________ for FY 17 compared to 7.6 percent in FY 16.
Answer: 7.1 percent
Explanation:
According to the Central Statistical Office data Indias Gross Domestic Product (GDP) growth is estimated
at 7.1 per cent in 2016-17 as compared to 7.6 per cent in 2015-16. The CSOs projection on the per capita
net national income during 2016-17 is projected to be 1 lakh three thousand seven rupees displaying an
increase of 10.4 per cent as compared to 93 thousand two hundred ninety three during 2015-16 with the
growth rate of 7.4 percent.
How much amount has been announced by the Reserve Bank of India to provide to Nepal Rastra
Bank in Rs 100 denomination note?
Answer: Rs.1 billion
Explanation:
Indias central Bank RBI has decided to provide Rs 1 billion in Rs 100 denomination notes to Nepal Rastra
Bank (NRB) to ease the acute shortage of Rs 100 notes faced by the landlocked nation. In the wake of
demonetization RBI has asked the NRB to wait till the situation normalizes. RBI provides Rs 6 billion
exchange facility to Nepal every year.
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In order to boost start-up funding, Market regulator SEBI has eased the rules for angel investment.
What is the new minimum investment limit set by SEBI?
Answer: Rs. 25 lakh
Explanation:
The Market Watchdog SEBI has released rules allowing foreign fund managers to act as Portfolio
Managers under a relaxed regulatory regime. The market regulator has relaxed its rules for investment by
angel funds, including permitting them to invest in up to five-year old entities which will boost startup
funding. Consequently the lock-in condition has been cut down from 3 years to 1 year for angel funds and
their minimum investment threshold has been slashed from Rs. 50 lakh to Rs. 25 lakh.
Suvidha Prepaid Card service has been launched by which bank?

Answer : UCO Bank
Explanation: Kolkata based UCO Bank has launched its prepaid card UCO Suvidha by R.K. Takkar,
MD & CEO, UCO Bank, and Executive Directors, Charan Singh and G. Subramania Iyer. The prepaid card
can be used for cash withdrawals, purchase at Points of Sale (POS) or over the Internet.
In which city of Andhra Pradesh was the first Digi Dham Mela of the state organized?
Answer: Vijaywada
Explanation:
The first Digi Dhan Mela in the state of Andhra Pradesh was launched by the Urban Development and
Information Broadcasting M. Venkaiah Naidu along with Andhra Pradesh Chief Minister N. Chandrababu
Naidu in Vijayawada on January 9, 2017 at the Indira Gandhi Municipal Stadium.
Which state has recently launched its own e-wallet Tokapoisa.in to enable the residents perform
digital transaction?
Answer: Assam
Explanation:
The Assam government will be shortly launching its indigenously-developed e-Wallet, Tokapoisa.in.
Aim: To enable the people of the state for hassle-free online transactions in local language. The mobile
application Tokapoisa.in has been developed by the Assam Electronics Development Corp. Ltd.Besides
being an e-Wallet, it will be a virtual payment terminal.
Which bank has recently introduced a humanoid robot IRA for easy service to customers?
Answer: HDFC Bank
Explanation:
Indias second largest private sector lender HDFC Bank has launched a human shaped robot named IRA at
its Mumbai branch to help the assist the customers in banking activities. Initially the role of the robot will be
limited to that of receptionist that will greet the customers entering the bank and display the services and
banking facilities like withdrawal, deposit, forex, fixed deposits and demat. The robot would also be
installed with the map of the bank branch with a button Take me there to help the customers in easy
service.
Which bank has recently waived off the Merchant Discount Rate (MDR) for one year on debit card
transaction for small merchants with annual turnover of Rs. 20 lakh?
Answer: State Bank of India
Explanation:
SBI has waived Merchant Discount Rate (MDR) on debit card transactions for all small merchants with
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annual turnover of up to Rs 20 lakh for one year. The bank has decided to waive completely, the MDR
charges on debit card transactions for all small merchants for a period of one year upto December 31, 2017.
The General Anti-Avoidance Rule (GAAR) has been scheduled to come into effect from ____________
Answer: April 1, 2017
Explanation:
The General Anti-Avoidance Rule (GAAR) which was scheduled to be implemented from April 1, 2014,
will now come into effect from April 1, 2017 (Assessment Year 2018-19). GAAR contains provision that
allows the government to prospectively tax overseas deals involving local assets.
Which scheme was launched by PM Modi on 14th Pravasi Bharatiya Divas for the for the Indian
Youths seeking employment Overseas?
Answer: Pravasi Kaushal Vikas Yojana (PKVY)
Explanation:
At the 14th edition of the Pravasi Bharatiya Divas, PM Modi launched a Pravasi Kaushal Vikas
Yojana (PKVY). Pravasi Kaushal Vikas Yojana PKVY aims to train and certify the Indians youths who are
interested in overseas employment to enable them fit with the international standards and boost their
confidence.
Which state has recently launched Indias first Student Startup and Innovation Policy?
Answer: Gujarat
Explanation:
The Gujarat government has introduced Indias first Student Startup and Innovation Policy. The policy will
support student-led startups & innovations and create an Innovation and Pre-incubation Ecosystem Support
(IPIES) across all universities of the state.
Recently Axis Bank introduced the block chain service and became the third bank to do so. Which
bank used the block chain technology for the first time?
Answer: ICICI Bank
Explanation:
The private sector lender Axis Bank has become the third bank to use block chain solutions in its
operations. Third largest Private sector bank led by Shikha Sharma has tied up with fintech firm Ripple to
offer the solution. The Block-Chain technology would be used for cross border remittances which is a key
area of concern for the banks.
Which Indian air service firm has launched a Fly For Sure scheme on January 11, 2017 to ensure
confirmed travel to passengers?
Answer: Air India
Explanation:
The national carrier Air India (AI) has launched a Fly For Sure scheme on January 11, 2017 that will
ensure that passengers reach their destination the desired day without the need to buy expensive last-minute
tickets in case of missing booked flight. Under the scheme, the customer will have to pay extra Rs. 2,000
while booking the ticket
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What is the revised GDP growth estimate for India by the World Bank for 2016-17 fiscal ending
March 31, 2017?
Answer: 7 Percent
Explanation:
The World Bank on January 11, 2017 cut the Indias GDP growth for 2016-17 fiscal ending on March 31,
2017 to 7 percent from its previous estimate of 7.6 percent due to demonetization.
Which bank has helped the Temples in Tamil Nadu to go digital to enable the devotees pay donations
digitally?
Answer: HDFC Bank
Explanation:
HDFC Bank introduced digital wallets to install point of sale (PoS) terminals at counters in temples of Tamil
Nadu. Five temples in Kanyakumari district in southern Tamil Nadu have introduced digital wallets and PoS
to enable their devotees pay donations.
Which bank has launched a Voice Biometrics Authentication System on January 10, 2017 for the
phone banking customers of the bank?
Answer: Citibank
Explanation:
Citibank India has launched a Voice Biometrics Authentication for its phone banking customers on January
10, 2017 that would allow clients to use their voiceprints for authentication rather than remember multiple
PINs or respond to questions through current practice of interactive voice response (IVR) used for verifying
their identities.
Government Policy Think Tank NITI Aayog has estimated the GDP growth rate of India to
__________ for 2016-17?
Answer: 8 percent
Explanation:
NITI Aayog has projected the GDP growth rate of 8 Percent for 2016-17 based .on the appraisal document
for the Twelfth Five-Year Plan. The estimate does not take into account the impact of demonetization.
With which country India has signed an MoU on January 11, 2017 to provide Line of Credit for USD
100 million for agricultural mechanism?
Answer: Kenya
Explanation:
The President of Kenya, Uhuru Kenyatta paid a state visit to India from January 10-12, 2017. During the
meeting the two leaders discussed issues of bilateral, regional and international interest.
The Union Government on January 12, 2017 has announced to increase the minimum pension for the
central government employees to Rs.________ per person.
Answer: Rs. 9000
Explanation:
The Union Minister of state for Personnel, Public Grievances and Pensions, Jitendra Singh while addressing
the 29th meeting of the Standing Committee of Voluntary Agencies (Scova) in New Delhi on January 12,
2017 informed that the minimum pension for central government employees has been increased to Rs. 9,000
per person and ex-gratia amount has been increased from Rs. 10-15 lakh to Rs. 25-35 lakh.
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Which Indian bank has signed a pact with the State General Reserve Fund of Oman (SGRF) to fund
$50 million in Omans private equity fund, Oman India Joint Investment Fund (OIJIF)?
Explanation :
State Bank of India has signed a pact with the State General Reserve Fund of Oman (SGRF), a Sovereign
Wealth Fund to infuse $50 million in private equity fund Oman India Joint Investment Fund (OIJIF) while
the SGRF would infuse $150 million. The SBI aims at backing the private equity fund for its second
offering (Fund II).
Prime Minster Narendra Modi inaugurated Indias first international exchange ____________ at the
IFSC of GIFT City in Gandhinagar on January 9, 2017.
Answer : India INX
Explanation :
Narendra Modi inaugurated Indias first international exchange India INX at the International Financial
Service Centre (IFSC) of GIFT City in Gandhinagar. India INX is a wholly owned subsidiary of
BSE, Bombay Stock Exchange. It would operate for 22 hours a day allowing international investors and
NRIs to trade from anywhere across the globe.
Which state has launched Digital Dakiya Scheme on January 14, 2017 to encourage digital literacy in
the state?
Answer: Madhya Pradesh
Explanation :
Madhya Pradesh government inaugurated a first of its kind scheme of the country, Digital Dakiya in
Indore on January 14, 2017 to encourage cashless transaction in the state. Under the scheme, a Digital
Postman referred as Digital Dakiya would visit door to door in both urban and rural areas to train
households specially women and elderly people about digitized transactions.
How much percent has the SEBI lowered the brokers fees on January 14, 2017 to reduce the overall
cost of transaction?
Answer: 25 Percent
Explanation :
The SEBI Board on January 14, 2017 announced its decision to reduce the fees payable by broker by 25
percent as a part of calibration of various other fees collected by the regulator from different market
intermediaries. It has decided to lower the fees from Rs 20 per crore of turnover to Rs 15 per crore of
turnover to reduce the overall cost of transaction.
What is the name of the Android Mobile App launched by the Ministry of Commerce for Special
Economic Zones (SEZs) on January 6, 2017?
Answer: SEZ India
Explanation :
The Commerce Secretary has launched a mobile app named SEZ Indiafor Special Economic Zones
(SEZs). SEZ India app will be used for SEZ Developers & Units transactions and track the status.
Who is the Chairman of Securities and Exchange Board of India (SEBI)?

Answer: U K Sinha
Explanation :
The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India formed
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on 12 April 1992 and Headquartered at Mumbai, Maharashtra. Chairman: U K Sinha
On January 14 2017 SEBI tightened the norms for Mergers and Acquisitions (M&A) for unlisted
companies with listed companies. Based on the rules public shareholding of the resultant entity has to
be more than ______percent?
Answer: 25 Percent
Explanation :
The Capital market regulator of India, Securities and Exchange Board of India (SEBI) on January 14
tightened the norms associated to Mergers and Acquisitions (M&A) of Indian companies. The public
shareholding of the resultant entity created by the merger of an unlisted and a listed company has to be more
than 25 per cent.
The new Adoption Regulation 2017 of Juvenile Justice (Care and Protection of Children) Act, 2015
seeks to replace which Law?
Answer: Adoption Guidelines, 2015.
Explanation :
The Union Ministry of Women and Child Development on January 4, 2017 issued a guideline regarding the
Adoption Regulations 2017. These new rules will be effective from January 16, 2017. The Adoption
Regulation 2017 implements the Juvenile Justice (Care and Protection of Children) Act, 2015.
IRDAI on January 16 2017 formed an eight member panel to review life insurance product norms.
Who will be the head of the committee?
Answer: Amitabh Chaudhary
Explanation :
The Insurance Regulatory and Development Authority of India (IRDAI) has formed a 8 member committee
headed by Amitabh Chaudhry, CEO of HDFC Standard Life Insurance Company to review life insurance
product regulations on January 16, 2017. The committee will analysis the existing framework of IRDA-
linked and non-linked insurance product regulations
Who has been named to be appointed as the interim CEO of the public broadcaster Prasar Bharati to
be effective from February 2017?
Answer: Rajeev Singh
Explanation :
Rajeev Singh, Member of Prasar Bharati Board will take charge as interim CEO of the public
broadcaster Prasar Bharati in February, 2017. He will replace S C Panda.
What is the rank of India in the Inclusive Development Index (IDI) 2017 released by World Economic
Forum (WEF)?
Answer: 60
Explanation :
India has been ranked at 60th position among 79 developing economies with a score of only 3.38 in the
Inclusive Development Index (IDI) of the World Economic Forum (WEF). The list has been topped by
Lithuania among the 79 developing countries, Azerbaijan is second while Hungary at third
The International Monetary Fund (IMF) has revised the GDP growth estimate of India for the
current fiscal year to _____ percent from the previous 7.6 percent on January 16, 2017.
Answer: 6.6 percent
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Explanation :
According to the World Economic Outlook report, the International Monetary Fund (IMF) on January 16,
2017 has lowered the India's GDP growth rate for the current fiscal year by one point to 6.6 percent from its
previous estimate of 7.6 percent due to the effect of demonetization on consumption and expenditure. IMF
also cut Indias GDP forecast for 2017-18 by 0.4 points to 7.2 percent as against previous forecast of 7.6
percent. For the year 2018-19, the projected growth rate remained unchanged at 7.7 percent.
Which business enhancement program has been launched by Yes Bank recently to deepen its
collaborations with financial technology start-ups?
Answer: Yes Fintech
Explanation :
Private sector lender YES BANK in collaboration with T-Hub, Anthill and LetsTalkPayments launched a
unique business accelerator program YES FINTECH to provide start-ups a platform for creating
sustainable and market ready products as well as provide innovative banking solutions to the customers.
Which bank has launched the facility of Customizable Savings Account to enable the customers to
select account features as per convenience?
Answer: Yes Bank
Explanation :
YES Bank has launched a first of its kind unique Customizable Savings Account to enable the customers to
design an account as per their convenience. Mumbai based bank has become the first bank in India to launch
such type of account that enables the customer to choose various features of a savings accounts that suits
ones own lifestyle.
For what amount the ICICI Prudential Life Insurance has acquired 8.41 percent stake in financial
technology service provider Fino Paytech Ltd (FPL)?
Answer: Rs. 100 crore
Explanation :
ICICI Prudential Life Insurance has acquired 8.41 per cent stake in Fino Paytech Ltd (FPL) for a total
consideration of Rs 100 crore. FPL provides technology-based solutions and services related to financial
inclusion. Earlier this month, FPL was granted payment bank licence by the RBI.
How many more countries have applied to join the Beijing based Asia Infrastructure Investment
Bank (AIIB) besides the 57 founding members?
Answer: Thirty
Explanation :
The Foreign Ministry spokesperson of China, Hua Chunying on January 17, 2017 informed that thirty more
countries have applied for joining the Asia Infrastructure Investment Bank (AIIB) besides 57 founding
members.
Which state has launched a first of its kind Aanandan Scheme on January 14, 2017 to help the poor in
getting basic necessity items?
Answer: Madhya Pradesh
Explanation :
Madhya Pradesh government lead by Shivraj Singh Chouhan has launched Aanandam programme of the
newly-formed Aanand Department. Aim : To help the poor and the needed person.
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Which State government has given its approval on January 18, 2017 for the sale of white kerosene in
open market?
Answer: Karnataka
Explanation :
Karnataka government lead by Siddaramaiah , has decided to allow the sale of white kerosene in open
market. An official order was issued by State Food and Civil Supplies Minister UT Khader on January 18,
2017
Name the scheme launched by the Railways Ministry on January 17, 2017 to save the Indian
Railways expenditure on energy consumption over the next 10 years.
Answer: Mission 41K
Explanation :
The Union Railway Minister Suresh Prabhu launched Mission 41K on January 17, 2017 to revamp the
existing railway system. The mission aims to save the Indian Railways expenditure of Rs 41,000 crore on
energy consumption over the next 10 years.
Which bank has signed an MoU with India Post Payments Bank(IPPB) on January 17, 2017 to
provide technology platform for pilot launch of IPPB?
Answer: Punjab National Bank
Explanation :
New Delhi based Punjab National Bank signed a memorandum of understanding(MoU) with India Post
Payments Bank(IPPB) to provide technology platform for pilot launch of IPPB on receipt of regulatory nod
from the Reserve Bank of India.
How much loan amount has been sanctioned by the World Bank for the Tripura Power Upgradation
Project on January 19, 2017?
Answer: Rs 1,376 crore
Explanation :
Washington based World Bank has sanctioned Rs 1,376 crore for upgradations and improvement of the
Tripura power system network on January 19, 2017. This was announced by Tripuras power
minister Manik Dey.
Which scheme has been launched by the Union Human Resource Development Ministry on January
18, 2017 for monitoring the elementary education initiative Sarva Shiksha Abhiyan (SSA)?
Answer: ShaGun
Explanation :
The Union Human Resource Development Minister Prakash Javadekar launched a dedicated web portal
ShaGun on January 18, 2017 for continuous monitoring of the elementary education scheme Sarva Shiksha
Abhiyan (SSA) and promote the development of education sector of India
Who has been appointed as the new director of Central Bureau of Investigation (CBI) on January 19,
2017?
Answer: Alok Kumar Verma
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Explanation :
Delhi Police Commissioner Alok Kumar Verma was appointed as the new Director of the Central Bureau of
Investigation (CBI) on January 19, 2017 by a three member committee headed by Prime Minister Narendra
Modi with Chief Justice of India Jagdish Singh Khehar and Congress leader in Lok Sabha Mallikarjun
Kharge as members
RBI is set to increase the focus on IT & Cyber Security in financial sector with the help of its IT arm.
What is the name of RBIs IT arm?
Answer: Reserve Bank Information Technology Private Ltd (ReBIT)
Explanation :
According to a notification published by the Reserve Bank of India (RBI) on January 18, 2017, RBI has
planned to increase the focus on IT & Cyber Security in a move to combat the increasing threat of cyber-
security issues arising after the governments Digital Payment initiative.
What is the name of the new Index to be developed by NITI Aayog together with World Economic
Forum for measuring the innovation performance of the Indian states?
Answer: India Innovation Index
Explanation :
Government of India Think Tank NITI Aayog together with International bodies World Economic Forum,
World Intellectual Property Organization and the Cornell University will develop an India Innovation
Index to rank the Indian states so as to develop an innovative spirit among them.
The Indian railway has decided to set up Railways of India Development Fund (RIDF) worth
_______to support commercially viable projects in railway sector in India.
Answer: $5 billion
Explanation :
The Indian Railways has decided to set up a $5 billion Railways of India Development Fund (RIDF) so as to
support commercially viable projects in railway sector in India. The World Bank would fund 80%
RIDF while 20% fund would be raised by the Indian railways itself and managed independently by a non-
government entity.
FI@School initiative has been launched by which bank on January 20, 2017 to generate financial
literacy among school children?
Answer: Kerala Gramin Bank
Explanation :
Kerala Gramin Bank has launched a novel programme called FI@School at Assisi Vidyanikethan Public
School, Kakkanad to propagate financial literacy among school children on January 20, 2017.
The GST Council has decided to make tax evasion of how much amount as bialable offense so as to
reduce the penal provision of the GST regime?
Answer: Rs. 2 Crore
Explanation :
The Centre and State Government has in a meeting decided to reduce some of the penal provisions of
the GST regime in order to make it less burdensome. The GST Council has decided that tax evasion of upto
than Rs. 2 crore would be bailable offense to ensure that the trader gets immediate bail while the non-
bailable offenses would be limited to forgery and non- deposit of collected taxes with the exchequer within
the stipulated time frame
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Which banks have been banned by the Government on January 20, 2017 to accept deposit under
Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS)?
Answer: Cooperative banks
Explanation :
The Cooperative banks have been barred by the Government on January 20, 2017 from accepting deposits
under the Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS) to stop any misuse of the deposited
amount.
Which digital payment firm has launched a Mutual Fund platform in partnership with the
Reliance Mutual Fund on January 20, 2017?
Answer : FreeCharge
Explanation :
Digital Payment Platform, FreeCharge has launched a Mutual Funds investment facility on its platform in
partnership with Reliance Mutual Fund on January 20, 2017. Under the facility users can invest in a Money
Market Mutual Fund that seeks to provide higher returns than those available on savings bank accounts.
Investment in FreeCharges Mutual Fund would entirely be paperless
Which Indian aircraft carrier ship has been installed with the ATM machine on board on January 21,
2017?
Answer: INS Vikramaditya
Explanation :
INS Vikramaditya, Indias biggest aircraft carrier ship has become the countrys first warship to have
an Automated Teller Machine (ATM) onboard the vessel. The ATM has been installed by the State Bank of
India (SBI) and will become operational from January 21, 2017
Which bank has launched a contactless credit card facility Wave N Pay on January 21, 2017?
Answer: Punjab National Bank
Explanation :
Punjab National Bank (PNB) has launched a Contactless Credit Card named PNB Wave N Pay on January
21, 2017 in New Delhi to further enhance its digitalization initiative. The new card was launched by
the Managing Director & Chief Executive Officer of PNB, Usha Ananthasubramanian and is developed
on Visa Platinum platform.
2017 to provide Rs. 4000 crore loans to one lakh farmers?

Answer: Bank of Baroda
Explanation :
Mumbai based dairy firm Kwality Ltd has signed an MoU with Bank of Baroda on January 20, 2017 to
provide Rs. 4000 crore loans to one lakh farmers out of the established networks from whom the company
procures milk.
Which among the given banks started operating as a Small Finance Bank on January 23, 2017?
Answer: Utkarsh Micro Finance (Varanasi)
Explanation :
Varanasi based Utkarsh Micro Finance started operating its banking business as Utkarsh Small Finance
Bank on January 23, 2017 to cater to the needs of the poor mainly in the northern belt. UK's Commonwealth
Development Corporation (CDC) has infused Rs. 150 crore in the tier II capital in the company.
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The Fiscal Responsibility and Budget Management (FRBM) committee formed by the government to
review FRBM Act submitted its report to Finance Minister on January 23, 2017. Who is the head of
the committee?
Answer : Shri N.K. Singh
Explanation :
The Fiscal Responsibility and Budget Management (FRBM) Committee under the chairmanship of Shri
N.K. Singh, former Revenue and Expenditure Secretary and former Member of Parliament presented its
Report to the Union Finance Minister Shri Arun Jaitley on January 23, 2017 in New Delhi.
The Reserve bank of India has announced the restructuring of _________ loan will not be treated as
Non Performing Asset.
Answer: Education Loan
Explanation :
In a bid to encourage banks to provide loans for education, the Reserve Bank of India has declared that
rescheduling the period of payment of education loans due to the inability of the borrower because of
unemployment will not be treated as restructured accounts for computing NPAs.
Under the Varishtha Pension Bima Yojana 2017, approved by the government on January 24, 2017, a
guaranteed rate of return of ______ per annum would be provided for a period of ten years.
Answer: 8 Percent
Explanation :
The scheme aims to provide social security to elderly persons aged 60 years during their old age. Under the
scheme, an assured pension with guaranteed rate of return of 8% per annum would be provided for a period
of ten years. Besides, the nominee would have an option for pension on a monthly / quarterly / halfyearly
and annual basis.
The BCSBI has launched an initiative to organise Know Your Rights programme across the nation
to create awareness on Banking Codes at the grassroot level among the people. Expand BCSBI.
Answer: Banking Codes and Standards Board of India
Explanation :
The Banking Codes and Standards Board of India (BCSBI) has announced an initiative as per which it
would organise Know Your Rights programme in select urban and rural areas of the country to enhance
awareness on Banking Codes at the grassroot level among the people.
The CMs committee on Digital Payments submitted the interim report to PM Modi on January 24,
2017. Who is the head of the committee?
Answer: Shri Chandra Babu Naidu
Explanation :
The CMs Committee on Digital Payments led by the convener and Andhra Pradesh Chief Minister, Shri
Chandra Babu Naidu submitted the interim report on Digital Payments to the Prime Minister, Shri Narendra
Modi on January 24, 2017.
Which country issued its first Green Bonds with a record sale of USD 7.5 billion on January 24, 2017?
Answer: France
Explanation :
France on January 24, 2017 issued its first Green Bonds with a record sale of worth seven billion
euro (USD 7.5 billion) thus leading a significant way towards establishment of a genuine market in
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renewable energy bonds.
What is the rank of India among 176 economies in the Corruption Perception Index (CPI) 2016
released on January 25, 2017 by Transparency International (TI)?
Answer: 79
Explanation :
India has been ranked at 79th spot out of 176 countries in the Corruption Perception Index (CPI) for the year
2016 released on January 25, 2017 by the Berlin-based corruption watchdog Transparency International
(TI). New Zealand and Denmark jointly shared the first position as the least corrupt nations
while Somalia was rated as the most corrupt country in the list.
Name the payment gateway to be launched by the government for its BHIM app that will allow the
user to transact using biometrics and Aadhar number?
Answer: Aadhaar Pay
Explanation :
The Government on January 27, 2017 informed about its plan to launch the biometric based Aadhaar
Pay payment platform in few weeks for BHIM App. Aadhaar Pay service will enable people to make and
receive payments using their Aadhaar number and biometrics.
In which city, the State Bank of India launched its wealth management product named SBI Exclusif
on January 24, 2017?
Answer: Kochi
Explanation :
The State Bank of India has launched a new wealth management product named SBI Exclusif
in Kochi, Kerala. Later it will be rolled out in other cities of the state during the course of the year. The
product was launched by Chief General Manager, SBI, Kerala Circle, S Venkataraman on January 24, 2017.
Loan giving App CASHe has signed an agreement with which digital payment company on January
27, 2017 to enable its users deposit the loan amount in the digital wallet?
Answer: Paytm
Explanation :
Indias fastest loan giving app for young salaried professionals, CASHe has partnered with Paytm on
January 27, 2017 to allow its users to deposit cash transfers from CASHe to their Paytm wallets
Who has been appointed as the interim CEO of India Post Payment Bank (IPPB)?
Answer: A.P Singh
Explanation :
The India Post has received the final license from the Reserve bank of India to start its operation as payment
bank with the name India Post Payment Bank (IPPB). With this India Post has become the third entity to get
the license from the Central Bank to start payment bank services.
Future Generali India Insurance Company has entered into corporate agency tie up for its product
with which bank on January 30, 2017?
Answer: Bank of Maharashtra
Explanation :
Future Generali India Insurance Company (FGII) announced an agency tie-up with Pune based Bank of
Maharashtra on January 30, 2017. Aim: To immensely benefit our customers by providing them an ease of
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access while choosing from a diverse range of non-life insurance products, all under one roof. It has tied-up
with over 100 banks in India for bancassurance
Harvard Business School (HBS) is set to introduce the success story of which Indian digital wallet
firm as case study to be taught within and outside Harvard?
Answer: Paytm
Explanation :
The Havard Business School is set to introduce the journey of digital wallet Paytm from being a recharge
platform to a payments bank as the topic of a case study for teaching purposes within and outside
Harvard. The study titled 'Paytm: Building a Payments Network' has been published by India Research
Centre (IRC) of Harvard Business School (HBS).
What is the total proposed budget of the Rail Safety Fund Rashtriya Rail Sanraksha Kosh?
Explanation :
The Ministry of Railway has proposed the Finance Ministry to create a non-lapsable safety fund
named Rashtriya Rail Sanraksha Kosh over five years with initial corpus of Rs. 20000 crore and contribute
a portion to fund it in the upcoming Budget 2017 to be presented on February 1.
Based on the Economic Survey 2016-17 report, presented by Finance Minister Arun Jaitley in the
Parliament on January 31, 2017, what is the estimated GDP growth of India for the current fiscal
year?
Answer: 6.5 Percent
Explanation :
The survey has been authored by Chief Economic Adviser Arvind Subramanian. The Economic Survey has
estimated that the GDP growth rate for current fiscal will be moderate at 6.5 percent from previous estimate
of 7.6 percent and for the FY18 it would be in the range of 6.75 percent to 7.5 percent.
Mobile App Mission FINFIT has been launched by which bank in collaboration with Bangalore
startup Fisdom to provide its customers an online platform to manage their personal wealth?
Answer: Lakshmi Vilas Bank
Explanation :
The private sector lender Lakshmi Vilas Bank in partnership with Bangalore based fin-tech startup
firm Fisdom, has launched a mobile application Mission FINFIT to offer the customers of the bank
financial planning and personal wealth management services based on Robo advisory.
The India Post Payment Bank has started its pilot services in which of the given cities from January
30, 2017?
Answer: Raipur and Ranchi
Explanation :
India Post Payments Bank (IPPB) started its operations on January 30, 2017 with the pilot services launched
in Raipur and Ranchi. The total paid up capital of the bank is Rs. 800 crore and the government has already
infused Rs. 275 crore.
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Banking/Economy Awareness February 2017

The Finance Minister Aruin Jaitley announced TEC India as the agenda of the Union Budget 2017-
18 on February 1, 2017. What does E stands for in TEC India?
Answer: Energize
Explanation :
Union Finance Minister Shri Arun Jaitley presented the Union budget 2017-2018 in Lok Sabha on February
1, 2017. This is the fourth budget by the Narendra Modi government.It is the first budget after major
changes in Indian economy like Goods and Services Tax and Demonetization in 2016. The agenda for the
Union Budget 2017-18 is TEC India, where T stands for Transform, E stands for Energize and C for Clean.
How much amount has been allocated under MNREGA for the year 2017-18 in the Union Budget
presented by Finance Minister on February 1, 2017?
Answer: Rs.48,000 crore
Explanation :
Allocation under MNREGA increased to Rs.48,000 crore in 2017-18 from Rs 38,500 crore in 2016-17. This
is highest ever allocation.
Centre has extended the tenure of loan under Credit Linked Subsidy Scheme (CLSS) of Pradhan
Mantri Awas Yojana (Urban) Mission from 15 years to ________ years on February 1, 2017?
Answer: 20 Years
Explanation :
The Union cabinet led by PM Modi has given its approval on February 1, 2017 to extend the tenure of loans
under the Credit Linked Subsidy Scheme (CLSS) under Pradhan Mantri Awas Yojana (Urban) Mission from
the current 15 years to 20 years.
The Fiscal Deficit in the first nine months of 2016-17 was __________percent as compared to 87.9
percent for the same period in 2015-16.
Answer: 93.9 Percent
Explanation :
Fiscal deficit in the first nine months of 2016-17 touched 93.9 per cent of the Budget target against 87.9 per
cent for the same period a year ago.
Which of the following states have won the eGovernance awards for Excellence under the state
category at the CSI -Nihilent eGovernance Awards held in Coimbatore on January 31, 2017?
Answer: Rajasthan and Telangana
Explanation :
Rajasthan and Telangana are bagged the eGovernance awards for Excellence under the state category at
the CSI -Nihilent eGovernance Awards held in Coimbatore on January 31, 2017.
The India Innovation Index launched by NITI Aayog on February 2, 2017 has been developed to rank
which of the following?
Answer: States
Explanation :
The Indian Policy Think Tank, NITI Aayog together with Department of Industrial Policy & Promotion
(DIPP) and Confederation of Indian Industry (CII) has launched a first of its kind online portal, India
Innovation Index in India to rank the states on the basis of innovation.
What is the projected GDP growth rate of India for the year 2017-18 as estimated by HSBC?
Answer: 7.1 Percent
Explanation :
HSBC has estimated the GDP growth rate of India at 7.1 percent for the year 2017-18 which is up from
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the 6.3 percent in the year 2016-17. The main reason for this increase is cited to sufficient remonetization by
April end, thus boosting the consumption level in the country to normal.
How much loan amount has been sanctioned by NABARD on February 2, 2017 for Haryana drinking
water project?
Explanation :
National Bank for Agriculture and Rural Development (NABARD) on February 2, 2017 sanctioned a loan
amount of Rs. 157 crore to the Government of Haryana to undertake drinking water project.
The World Bank has granted a loan amount worth US $ _________ million for Technical Education
Quality Improvement Project (TEQIP III) in India on February 1, 2017.
Answer: USD 201.50 million
Explanation :
The Government of India has signed a USD 201.50 million credit agreement with the World Bank on
February 1, 2017 to improve the quality and equity of engineering education across several states in India.
The gross NPAs of the Public Sector Banks was ______ percent of the gross advances made by the
bank in the FY 16.
Answer: 9.83 percent
Explanation :
As per the data released by the Minister of State for Finance Santosh Gangwar in the Lok Sabha on February
3, 2017,Public Sector Banks (PSBs) witnessed a bad loan at 9.83 percent of the gross advances in the
financial year (FY) 2015-16, while the bad loans for Private sector banks were capped at 2.70 percent of the
advances.
Which state has planned to set up Anomaly Committee for the implementation of 7th pay
commission?
Answer: Assam
Explanation :
The Assam government on February 3, 2017 announced that it has decided to set up Anomaly Committee to
address the grivances of the employees regarding implementation of 7th Pay Commission.
Who among the given has been appointed as the whole time director of IBBI on February 3, 2017?
Answer: All the above
Explanation :
Former Deputy CAG Suman Saxena, Mukulita Vijaywargiya and Navrang Saini have been appointed as
whole-time members for 5 years or or till completion of 65 years in Insolvency and Bankruptcy Board of
India (IBBI) on February 3, 2017.
HDFC bank has reduced the number of free transactions at the home branch from five times to
______ times.
Answer: Four
Explanation :
Indias second largest private sector bank, HDFC, has planned to increase the fee for savings account
holders doing cash transaction in order to encourage digital mode of payment. The bank on has reduced the
third party transaction limit to Rs. 25000 a day. Earlier this limit was Rs. 50000
Who has been named as the new MD & CEO of the National Stock Exchange on February 3, 2017?
Answer -Vikram Limaye
Explanation :
Managing Director of IDFC, Vikram Limaye has been named as the new Managing Director & CEO of the
National Stock Exchange (NSE) on February 3, 2017. The position was lying vacant after Chitra
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Ramakrishna quit the exchange on December 2 citing personal reasons.
On February 3, 2017, the Reserve Bank of India has waived off fee charges for transaction upto Rs.
_________settled on IMPS, USSD and UPI.
Answer - Rs.1000
Explanation :
The Reserve Bank of India has directed banks on February 3, 2017 to waive off transaction charges and
lower interest rates on credit cards as a move to encourage digital transaction.
Centre has mandated Aadhaar for receiving subsidized food grains from PDS shops. What is the
deadline set by the government to apply for Aadhaar by those not having the same yet?
Answer: June 30, 2017
Explanation :
The central government has made the Aadhaar mandatory for receiving the subsidised foodgrains from
the ration shops in a bid to better achieve the target of Rs. 1.4 crore subsidy under the food security law.
The first pilot branch of the Post Office Passport Seva Kendra (POPSK) was launched in which city?
Answer: Mysuru
Explanation :
With the successful operationalization of the two pilot projects of utilizing Head Post Offices as the Passport
Seva Kendra, the government has now decided to further launch the programmes in 56 more facilities across
India.
The government sold _____ percent stake in ITC to Life Insurance Corporation of India (LIC) on
February 7, 2017 to raise Rs. 6,690 crore.
Answer: 2 Percent
Explanation :
As a part of its disinvestment plan for 2016-17, the central government sold 2 percent of its stake
in ITC to Life Insurance Corporation of India (LIC) on February 7, 2017 and earned Rs 6,690 crore
Who has been appointed as the Managing Director of Life Insurance Corporation(LIC) on February
10, 2017?
Answer: Hemant Bhargava
Explanation :
Hemant Bhargava has been appointed as one of the three managing director of Mumbai based Life Insurance
Corporation(LIC) of India till July 31, 2019 by the Cabinet Appointments Committee on February 10, 2017.
Who has been appointed as the MD and CEO of the Ujjivan Small Finance Bank?
Answer: Samit Ghosh
Explanation :
The Ujjivan Small Finance Bank officially started its operation on February 6, 2017 with 5 pilot branches in
Bengaluru. Samit Ghosh is the MD and CEO of the Ujjivan Small Finance Bank.
Which bank has signed an agreement with the insurance company Cigna TTK Health to market the
insurers products in the its branches across India?
Answer: Bank of Maharashtra
Explanation :
Public sector lender Bank of Maharashtra has partnered with insurance company Cigna TTK Health to
market the insurers products in the banks branches across the entire country.
Which bank has signed an agreement with Earthport Plc to enable faster outbound cross-border
payments for its customers?
Answer: Axis Bank
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Explanation :
Indias third largest private bank, Axis Bank has tied up with Earthport Plc, a cross-border payment
network, to enable faster outbound cross-border payments for its customers through Earthports state-of-the-
art global payments network
What is the name of the taxi hiring service launched by ride hailing company Uber on February 6,
2017?
Answer: UberHIRE
Explanation :
San Francisco-based taxi-hailing platform Uber has launched a new service under the name UberHIRE on
February 6, 2017 that will enable the customers to hire the taxi for the day on hourly basis.
A committee has been constituted by the Ministry of Agriculture & Farmers Welfare to achieve the
target of doubling of income of farmers by March ____________
Answer: 2022
Explanation :
Agriculture, Cooperation and Farmers Welfare has constituted a committee under the chairmanship of its
Additional Secretary to achieve the target of doubling the income of farmers by March 2022.
Which bank has partnered with Fin-tech startup IndiaLends to enable the first time borrowers with
no credit history to take loans?
Answer: IDFC Bank
Explanation :
Private sector lender IDFC Bank has collaborated with fintech startup IndiaLends to enable first time
borrowers who do not have a credit history to take loans. Loan requests by salaried applicants without credit
history will now be processed on a real time basis.
What is the current repo rate as per the Reserve Bank of Indias sixth bimonthly monetary policy
review for the year 2016-17?
Answer: 6.25 Percent
Explanation :
Repo Rate under the liquidity adjustment facility (LAF):6.25 percent; Reverse Repo Rate under the
LAF: 5.75 percent; Marginal Standing Facility (MSF): 6.75 percent; Bank Rate: 6.75 percent; Cash Reserve
Ratio (CRR): 4 percent; Statutory Liquidity Ratio (SLR): 20.50 percent.
Which Indian state has become the first to introduce cashless system for Public Distribution System of
food grains?
Answer: Gujarat
Explanation :
Gujarat has become the first state in India to establish Cashless system for distribution of food grain to the
beneficiaries under NFSA (National Food Security Act). The Union Minister for Consumer Affairs, Food
and Public Distribution Ram Vilas Paswan on February 8, 2017 appreciated the efforts of the state
government which has installed Aadhaar Enabled Payment System in 17,250 Fair Price Shops (FPS) much
before the target of March 31 as decided by the state.
Which bank has tied up with fertilizer major IFFCO on February 7, 2017 to launch co-branded debit
cards for farmers and promote cashless payment in rural area?
Explanation :
Fertiliser major IFFCO and Bank of Baroda have signed an MoU on February 7, 2017 to launch co-branded
debit cards for farmers in a bid to promote cashless transactions in the rural area. The MoU was signed by
Yogendra Kumar, General Manager (Marketing), IFFCO and GB Panda, General Manager
(government relationships), Bank of Baroda.
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Which of the following private sector bank started operating its Bharat Bill Payment System (BBPS)
on February 7, 2017?
Answer: HDFC Bank
Explanation :
The Private sector lenders HDFC Bank started operating its Bharat Bill Payment System (BBPS) on
February 7, 2017 to ease the bill payment service for the customers. Along with HDFC, Kotak Mahindra
Bank also went live with the BBPS service.
Which bank has collaborated with the online data and information portal Commodity Online for the
distribution of loans against warehouse receipts and collateral management services across India?
Answer: Federal Bank
Explanation :
Private sector lender Federal Bank Limited has partnered with Commodity Online, a leading online data and
information portal for the distribution of loans against warehouse receipts and collateral management
services across the country.
What is the rank of India in the 2017 International Intellectual Property Index released by US
Chambers of Commerces Global Intellectual Property Center (GIPC) on February 8, 2017?
Answer: 43
Explanation :
In the 5th Annual International Intellectual Property Index released by US Chambers of Commerces Global
Intellectual Property Center (GIPC) on February 8, 2017, India has been ranked very poor at 43rd position
out of 45 countries.
What is the total outlay of the 'Pradhan Mantri Gramin Digital Saksharta Abhiyan' (PMGDISHA)
approved by Prime Minister Modi on February 8, 2017?
Answer: Rs. 2,351.38 crore
Explanation :
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved the 'Pradhan Mantri Gramin
Digital Saksharta Abhiyan' (PMGDISHA) on February 8, 2017 to make 6 crore rural households digitally
literate by March 2019
To give a boost to Micro, Small and Medium Enterprises (MSME) sector in the diamond industry
which bank has decided to launch a supply chain financing product for small units at concessional
rate?
Explanation :
Bank of Baroda is planning to launch a supply chain financing product for the Micro, Small and Medium
Enterprises (MSME) in the diamond industry to boost their existence in the sector.
Indias first cashless township has been inaugurated in which state on February 13, 2017?
Answer: Gujarat
Explanation :
Indias first cashless township Gujarat Narmada Valley Fertilizers and Chemicals (GNFC) townshipwas
inaugurated by Gujarat CM Vijay Rupani on February 13, 2017.
How much amount has been allocated by the government to the India Post Payments Bank for the
financial year 2017-18?
Answer: Rs.500 crore
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Explanation :
Government has allocated an amount of Rs 500 crore to India Post Payments Bank for the financial
year 2017-18 to help it in setting up 650 branches across country by September 2017
According to the global financial services major Nomura, the GDP growth of India is estimated to be
_____ percent in January-March quarter 2017.
Answer: 5.7 percent
Explanation :
According to the global financial services major Nomura, the GDP growth of India is estimated to remain
low at 5.7 percent in the January-March quarter due to the effect of demonetization of high value
currency. Nomura expects the economic growth to slow from 7.3 per cent GDP growth in the July-
September 2016 to 6 percent in the October-December 2016 quarter and further to 5.7 per cent in the first
quarter of 2017 ending March 2017.
Which asset management firm has launched an open-ended fixed income fund named Credit
Opportunities Fund on February 13, 2017 to raise fund?
Answer: IDFC Asset Management Co. Ltd.
Explanation :
IDFC Asset Management Company launched an open-ended fixed income fund named Credit Opportunities
Fund on February 13 in Mumbai which is expected to raise the revenue of the company in the range of Rs
300 crore-500 crore within the NFO period itself.
Life insurance scheme Pragati has been launched by which insurance firm on February 15, 2017 with
focus on low income group people?
Answer: HDFC Life Insurance Company
Explanation :
Life insurance firm, HDFC life launched a traditional life insurance plan, Pragati, on February 15, 2017
for low income group people. The plan has been designed especially to empower low income families by
making the plan available at affordable rate to every person who has the desire to secure his family.
What is the rank of India in the Index of Economic Freedom 2017?

Answer: 143
Explanation :
India has been ranked 143 out of 186 economies in the annual Index of Economic Freedom 2017 released by
top US based Think Tank, The Heritage Foundation. The Index measures the degree of economic freedom in
the countries of the world. Hong Kong, Singapore and New Zealand are the top three nations in the Index
respectively.
The UNICEF has launched an appeal of $___________million on February 15, 2017 to 2 million
acutely malnourished children across Sudan.
Answer: $ 110 million
Explanation :
The United Nations Childrens Fund (UNICEF) has launched a $110 million appeal on February 15, 2017 to
help two million acutely malnourished children across Sudan including hundreds of thousands living in
conflict areas
What is the name of the instant chat service launched by Citi Bank on February 16, 2017 to resolve
the customers queries instantly?
Answer: Citibank Online
Explanation :
Mumbai based Citi Bank has launched instant chat services for customers named Citibank Online (CBOL)
on February 16, 2017. With this India become the first country in Asia Pacific within the Citi network to
have this kind of service.
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Which bank has signed an MoU with the Ministry Human Resource Development (HRD) on
February 17, 2017 to operationalize the Higher Education Financing Agency (HEFA)?
Answer: Canara Bank
Explanation :
Bangalore based Public sector Canara Bank has signed a Memorandum of Understanding (MoU) with the
Human Resource Development (HRD) Ministry on February 17, 2017 to operationalize the Higher
Education Financing Agency (HEFA).
Which bank has been awarded with ISO 27001: 2013 certification for its Information Security
Management System (ISMS) on February 16, 2017?
Answer: South Indian Bank
Explanation :
Thrissur based South Indian Bank (SIB)s MD and CEO of the bank, V.G. Mathew has received the ISO
27001: 2013 certification from Venkataram Arabolu, Managing Director, BSI Group India for Information
Security Management System (ISMS) of SIB on February 16, 2017.
Which payment and technology firm has collaborated with the Airtel Payments Bank to provide
payments processing solution for various banking services?
Answer: Mastercard
Explanation :
Leading global payments and technology firm, Mastercard is set to provide payments processing solution to
Airtel Payments Bank. The payment processing platform will enable the Airtel Payment Bank in providing
various payment services like switching, card management along with support for reconciliation and dispute
management processes
Who has been appointed as the Executive Director of Indian Overseas Bank on February 17, 2017?
Answer: K Swaminathan
Explanation :
Eight Executive Directors (EDs) have been appointed in various public sector banks on the
recommendations of Banks Board Bureau on February 17, 2017. Initially, they have been appointments for
a three-year period. Neelam Damodharan and Atanu Kumar Das have been appointed as EDs in Bank of
India. K Swaminathan has been appointed as ED in Indian Overseas Bank. Ashok Kumar Pradhan has been
appointed as the ED in United Bank of India. P Ramana Murthy will be Executive Director of Central Bank
of India. Fareed Ahmed Khan has been appointed as the ED in Punjab and Sind Bank. M K Bhattacharya
has been appointed as the EDs of Indian Bank. S Harishankar has been appointed EDs of Allahabad Bank.
Which bank has won the 2017 National MSME Excellence Award on February 10, 2017?
Answer : Corporation Bank
Explanation :
Mangalore based public sector lender Corporation Bank was awarded the 2017 National MSME Excellence
Award on February 10, 2017 at a function in New Delhi.
The National Pension System (NPS) has been launched by which bank on February 16, 2017 to
provide financial security in the form of pension to senior citizens?
Answer : Karnataka Bank Limited
Explanation :
Mangaluru based private sector lender Karnataka Bank Ltd launched National Pension System (NPS) at its
corporate office in Mangaluru on February 16, 2017. Aim: To provide financial security at old age by
giving regular income in the form of pension.
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The government has increased the Cash Credit limit for Micro, Small and Medium Enterprises
(MSMEs) from 20 percent of turnover to ___________ percent to encourage them to conduct
transaction digitally.
Answer: 30 percent
Explanation :
The Union government has increased the Cash Credit (CC) limit for Micro, Small and Medium Enterprises
(MSMEs) to 30 percent of turnover from the existing 20 percent to encourage them to conduct businesses
digitally.
RBI has planned to reimburse banks MDR charges on debit cards used by citizens for payment with
effect from which date?
Answer: January 1, 2017
Explanation :
The Reserve Bank of India has decided to reimburse banks Merchant Discount Rate (MDR) charges on debit
cards used by citizens for payment with effect from January 1, 2017.
Which bank has signed an MoU with interior infrastructure firm Greenply Industries on February
18, 2017 to grow its financing business?
Explanation :
Mumbai based State Bank of India(SBI) has signed Memorandum of Understanding(MoU) with Indias
largest interior infrastructure company Greenply Industries to grow its channel financing business of
Greenply Industries on electronic platformon February 18, 2017.
What is the total outlay of the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY)?
Explanation :
The Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) was approved by the Cabinet Committee on
Economic Affairs (CCEA), chaired by the Prime Minister Shri Narendra Modi with an outlay of Rs. 50,000
crore over a period of five years (2015-16 to 2019-20).
What is the name of the mobile application launched by Oriental Bank of Commerce on February 19,
2017?
Answer: Oriental Batuaa
Explanation :
The Oriental Bank of Commerce (OBC) launched a series of digital offerings for its customers on February
19, 2017 which also marks the 75th Foundation Day of the bank. The OBC bank introduced a new version
of mobile banking in the form of mobile app under the name Oriental Batuaa to provide banking services
through app. Besides, OBC also launched two new RuPay cards, Oriental Premium card and Oriental
Prepaid Card.
The GST Compensation law approved by GST Council on February 18, 2017 will compensate states
for the first ______ years for any loss of revenue from the implementation of the Goods and Service
Tax (GST).
Answer: Five Years
Explanation :
The GST Council approved a law to compensate states for any loss of revenue from the implementation of
the Goods and Service Tax (GST) in the first five years, on February 18, 2017 at the 10th GST Council
Meet at Udaipur.
What is the new website address of the State Bank of India, rebranded on February 19, 2017?
Answer: bank.sbi
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Explanation :
The countrys largest lender State Bank of India (SBI) rebranded its corporate website as bank.sbi from
the earlier sbi.co.in on February 19, 2017. Now bank.sbi is the highest domain protocol commonly known
as generic top level domain (gTLD). With this, SBI has become the first banking organization in India to
adopt gTLD for its internet presence.
Which infrastructure investment trust has got the approval of SEBI to raise Rs 4,300 crore through
an initial public offering (IPO)?
Answer: IRB InvIT Fund
Explanation :
Market regulator Securities and Exchange Board of India (SEBI) has given its approval to IRB InvIT Fund,
to raise Rs 4,300 crore through an initial public offering (IPO).
Which bank has signed an MoU with Daimler India Commercial Vehicles Pvt Ltd (DICV) on
February 20, 2017 to extend finance to customers for the purchase of commercial vehicles
manufactured by the company?
Answer: Karnataka Bank Limited
Explanation :
Mangaluru based Karnataka Bank Ltd has signed a Memorandum of Understanding (MoU) with Daimler
India Commercial Vehicles Pvt Ltd (DICV) on February 20, 2017 to extend finance to customers for the
purchase of commercial vehicles manufactured by the company.
The BharatQR code Platform has been developed by the National Payments Corporation of India
(NPCI) jointly with which financial services firm?
Answer: All the Above
Explanation :
As part of the less cash economy push BharatQR code Platform has been launched by the Centre. This move
will be the first platform with interoperability with low cost. This Platform is jointly developed by
the National Payments Corporation of India (NPCI), the creator and issuer of RuPay cards, MasterCard,
American Express, and Visa.
The Direct-to-home operator Dish TV has tied up with which Bank on February 21, 2017 for digital
payments?
Answer: ICICI Bank
Explanation :
Direct-to-home operator Dish TV joined hands with Indias largest public sector lender ICICI bank for
digital payments. The Zee Entertainment groups arms initiative will enable customers to do recharge
through unified payment interface (UPI) transactions.
The central government has set the target to bring high-speed digital connectivity to every village by
which year?
Answer: 2018
Explanation :
Union government aims to bring high-speed digital connectivity to every village by 2018 and is profound to
share proficiency in the area with other nations.
As per rating agency ICRA, the GDP growth of India in December quarter of 2016 is estimated to
decline to ______ percent from 7.2 percent last year.
Answer: 6.5 percent
Explanation :
Gurgaon based Domestic rating agency ICRA reported that the gross value added (GVA) is set to slip to 6.2
per cent in the third quarter from 6.9 per cent and GDP growth will decline to 6.5 per cent from 7.2 per
cent.
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Which micro-finance institution has launched an instant microloan approval facility on February 22,
2017?
Answer: Bharat Financial Inclusion Ltd
Explanation :
Hyderabad based non-banking finance company Microfinance institution Bharat Financial Inclusion
Ltd launched an instant loan approval at a village near Bassi in Jaipur district, Rajasthan.
The Oricon Enterprises Ltd has planned to build a new manufacturing facility for packaging
products in Odisha at an investment of Rs ___________ crores.
Explanation :
Oricon Enterprises Ltd (OEL) is planned to build a manufacturing facility in Odisha with an investments
of Rs 100 crores.
Who has been appointed as the Whole Time Member of the Insolvency and Bankruptcy Board of
India (IBBI) on February 22, 2017?
Answer: Suman Saxena
Explanation :
Ms. Suman Saxena took charge as the Whole Time Member, Insolvency and Bankruptcy Board of India
(IBBI) on February 22, 2017. Ms Saxena will look after Research and Regulation Wing comprising
Corporate Insolvency, Corporate Liquidation, Individual Insolvency, Individual Bankruptcy, Research and
Publications, Data Management and Dissemination and Advocacy.
Which ministry has launched the compensation fund under Nirbhaya scheme on February 22, 2017 to
make available financial help to children who are victims of sexual crimes?
Answer: Ministry of Women and Child Development
Explanation :
Union Women and Child Development Minister Sanjay Maneka Gandhi has unveiled the setting up of a
compensation fund under Nirbhaya scheme to make available financial help to children who are victims of
sexual crimes.
Which bank has inked an agreement with the Cholamandalam MS General Insurance Company on
February 22, 2017 for distribution of insurance products?
Answer: Oriental Bank of Commerce
Explanation :
Haryana based Oriental Bank of Commerce has signed a corporate agency agreement with Chennai based
general insurance provider Cholamandalam General Insurance Company for distribution of insurance
products on February 22, 2017.
In the latest estimation of GDP growth for India, the International Monetary Fund has predicted the
growth to slow down to ________ percent due to demonetization.
Answer: 6.6 percent
Explanation :
International Monetary Fund come up with Indias growth projection which predicted slow 6.6 per cent in
2016-17 fiscal due to temporary disruptions caused by demonetisation.
Which payment network has signed an MoU with the state government of Andhra Pradesh on
February 22, 2017 to help transform Vishakhapatnam into India's first 'less cash' city?
Answer: Visa
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Explanation :
The worlds second largest card payment organization Visa has signed a memorandum of understanding
(MoU) with Andhra Pradesh government to make Vishakhapatnam as Indias first less-cash city. Aim : To
provide 500 million underserved with a payment account by 2020
Which bank has won the Best financial inclusion initiatives and the Best use of digital and channels
technology awards at the IBA-Banking Technology Awards on February 21, 2017?
Answer: Karnataka Bank
Explanation :
The commerical banking company Karnataka Bank has won two IBA-Banking Technology awards
in Mumbai on February 21, 2017 for Best financial inclusion initiatives (small bank) category Winner
and Best use of digital and channels technology (small bank) Runner.
India and ADB Bank has signed $ ______ million loan and grants on February 23, 2017 to
develop 800-km Visakhapatnam-Chennai Industrial Corridor.
Answer: 375 million
Explanation :
The Government of India and the Asian Development Bank (ADB) signed a 375-million-dollar loans and
grants on February 23, 2017 in New Delhi to develop 800-km Visakhapatnam-Chennai Industrial Corridor.
What is the name of the mobile app launched by the Mahindra Agri Solutions Ltd on February 24,
2017 to provide basic farm related information to farmers?
Answer: MyAgriGuru
Explanation :
Mahindra Agri Solutions Ltd (MASL), a part of Mahindra & Mahindra has launched a mobile app
MyAgriGuru for farmers on February 24, 2017. It is launched as a part of Governments target to double
the farmer income by the year 2022
The government has raised the number of workdays under the Mahatma Gandhi Rural Employment
Guarantee scheme in Tamil Nadu from the existing 100 days to __________days.
Answer: 150 days
Explanation :
The Central government has granted permission to raise the number of workdays under the Mahatma
Gandhi Rural Employment Guarantee scheme in Tamil Nadu from the existing 100 days to 150 days.
How much bailout package has been announced by Government of India for IDBI Bank to enable the
bank to have healthy capital-adequacy ratio and further enhance credit growth?
Explanation :
The government has announced to bailout IDBI Bank with Rs. 3,000-crore capital infusion to enable the
bank to have better capital-adequacy ratio and further enhance credit growth.
Which bank has launched Radio Frequency Identification (RFID) enabled card on February 23, 2017
to offer prompt service to customers of the bank?
Answer: Dena Bank
Explanation :
Dena Bank has unveiled a Radio Frequency Identification (RFID) enabled banking card on February 23,
2017 at its Mumbai branch.
Which bank has launched a railway ticket booking facility on February 21, 2017 by having a direct
tie-up with IRCTC?
Answer: United Bank of India
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Explanation :
Public sector banks United Bank of India (UBI) has signed agreement with Indian Railway Catering and
Tourism Corporation(IRCTC) for railway ticket booking facility. This new facility was available from
February 21 2017
Which Indian city has been ranked as the richest city of the country by New World Wealth report on
February 21, 2017?
Answer: Mumbai
Explanation :
According to the New World Wealth report released on February 21, 2017, Mumbai, the financial capital of
India has been named as the Richest Indian city with a total wealth of $ 820 billion.
According to the economic think tank NCAER, Indias growth forecast for 2016-17 has been lowered
to ______ percent compared to previous estimate of 7.6 percent.
Answer: 6.9 percent
Explanation :
An economic think-tank, National Council of Applied Economic Research (NCAER) has lowered Indias
GDP growth to 6.9 percent for the fiscal 2016-17 compared to previous estimation of 7.6 percent.
According to the Department of Industrial Policy and Promotion (DIPP) data, the Foreign Direct
Investment (FDI) in India grew ________ percent during 2016 to attract USD 46 billion.
Answer: 18 percent
Explanation :
According to the data by the Department of Industrial Policy and Promotion (DIPP), the Foreign Direct
Investment (FDI) in India grew 18 percent during 2016 to attract $46 billion as compared to $39.32 billion
in 2015
The Sovereign Gold Bonds 2016-17Series IV was launched by government of India on February 27,
2017. It was ________ tranche of the bond.
Answer: 7th
Explanation :
The Government of India launched the 7th tranche of the Sovereign Gold Bonds on February 27, 2017 and it
will be the last offering for 2016-17.The Sovereign Gold Bonds 2016-17Series IV will be issued by
the Reserve Bank of India (RBI) on behalf of Government of India.
The government has shifted the responsibility of promoting digital transactions in India
from the NITI Aayog to which ministry?
Answer: Ministry of IT and Electronics (MEITY)
Explanation :
The Ministry of IT and Electronics (MEITY) has taken the the responsibility NITI Aayog to promote the
digital transactions in India. MEITY is responsible for promotion of e-governance for empowering citizens
as well as promoting inclusive and sustainable growth of electronics and IT in the country.
Who will head the 11 member Inter-disciplinary Standing Committee on Cyber Security constituted
by RBI on February 28, 2017?
Answer: Meena Hemchandra
Explanation :
The Reserve Bank of India (RBI) has set up an 11 member Inter-disciplinary Standing Committee on Cyber
Security on February 28, 2017. The committee will be chaired by RBI Executive Director Meena
Hemchandra.
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Which global payment solution corporation has launched Buyer Initiated Payments (BIP) on
February 27, 2017 to eliminate payment through cheques or drafts.?
Answer: American Express
Explanation :
American Express, a global leader in payment solutions has launched an electronic payment platform linked
to corporate card, Buyer Initiated Payments (BIP) on February 27, 2017 to eliminate payment through
cheques or drafts
Which organization has signed an MoU with Capital Small Finance Bank on February 27, 2017 to
enable it to provide loans at a concessional rate to MSMEs?
Answer: Small Industries Development Bank of India (SIDBI)
Explanation :
Lucknow based Small Industries Development Bank of India (SIDBI) and Indias first small finance bank
Capital Small Finance Bank (CSFB) signed Memorandum of Understandingto enable it to provide loans at a
concessional rate to MSMEs.
Which life insurance company has launched the iSelect term plan meant for family protection on
February 27, 2017 to expand its online product suit?
Answer: Canara HSBC Oriental Bank of Commerce Life Insurance
Explanation :
Canara, HSBC and Oriental Bank of Commerce Life Insurance launched iSelect term plan to expand its
online product suit. iSelect term plan provides enhanced protection cover for the family at an affordable
premium
GIFT City has signed a pact with which organization on February 28, 2017 to share views and
expertise in the fields of banking & financial services and regulatory practices?
Answer: Dubai International Financial Centre
Explanation :
GIFT City has signed a pact with Dubai International Financial Centre for exchanging views and expertise
in the fields of banking and financial services as well as regulatory practices on February 28, 2017.
Banking/Economy Awareness March 2017
Which bank has entered into a bancassurance tie-up with the Reliance General Insurance on March
1, 2017 to offer insurance products to bank customers.
Answer: Catholic Syrian Bank
Explanation :
Reliance General Insurance is one of the leading private general insurance companies of India has
announced a bancassurance tie-up with Catholic Syrian Bank on March 1, 2017.
How many Advance Pricing Agreements (APAs) have been entered into by CBDT till date since its
incorporation in 2012?
Answer: 140
Explanation :
The Central Board of Direct Taxes (CBDT) has signed 10 unilateral Advance Pricing Agreements (APAs) in
past one week with Indian taxpayers to provide certainty in transfer pricing.
A minimum of Rs. _______ would be charged by the HDFC Bank, ICICI, and Axis Bank after four
free transactions in a month.
Answer: Rs.150
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Explanation :
Indias leading private banks including HDFC Bank, ICICI, and Axis they will charge a minimum of Rs 150
per transaction for cash deposits and withdrawals at bank branches beyond four free transactions in a month.
The new charges aimed at reducing cash transactions at banks at the rate of Rs 5 for every Rs 1,000
transacted or Rs 150, whichever is higher.
The HDFC Life insurance has partnered with which personal finance app on February 27, 2017 to
launch an exclusive Data-Led Group Term Insurance Plan?
Answer: ET Money
Explanation :
Long-term life insurance provider HDFC Life has launched of an exclusive Data-Led Group Term Insurance
Plan in partnership with personal finance appET Money of Times Internet on February 27, 2017.
Who has been appointed as the new secretary general of SAARC with effect from March 1, 2017?
Answer: Amjad Hussain B Sial
Explanation :
South Asian Association for Regional Cooperation (SAARC) has named Amjad Hussain B Sial, as secretary
general with immediate effect from March 1, 2017.
Who is the Chairman of the Supreme Court constituted Special Investigating Team (SIT) on black
money?
Answer: M.B. Shah
Explanation :
SIT on black money was constituted by the Supreme Court on May 1, 2014 under the chairmanship of M.B.
Shah to help the government of India to deal with the problem of black money.
The government has directed all the banks to make available the mobile banking facility to all the
customers by ____________
Answer: March 31
Explanation :
The Government of India has directed all the banks to provide mobile banking facility to all customers by
March 31, 2017. The decision is an effort of the government to boost the digital payment system.
What is the deadline fixed by the government to enroll for Aadhaar number by all the students and
cooks who are entitled to get the midday meal?
Answer: June 30
Explanation :
The Union Ministry of Human Resource Development in its notification on February 28, 2017, made it
mandatory for the students across the country to have an Aadhaar number for getting the their midday meals.
The GST council has agreed to provide a composition scheme for small businesses. Now the small
business with turnover upto Rs._______ lakh will have to pay a tax of ____ percent.
Answer: 50 lakh, 5 percent
Explanation :
The Goods and Services Tax (GST) Council headed by Finance Minister Arun Jaitley unanimously cleared
the crucial Central GST (CGST) and Integrated GST (IGST) draft bills on March 4, 2017 during its 11th
meeting at Vigyan Bhavan. The state had recommended as many as 26 changes regarding CGST and IGST,
all of which were accepted by the Centre. Both Centre and states have agreed to provide a composition
scheme for small businesses. Now the small businesses with an annual turnover of up to Rs 50 lakh will pay
5 percent tax (to be shared equally between the Centre and states).
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According to the Reserve Bank of India, any bank which refuses to exchange soiled notes from people
will have to pay a penalty of Rs. ______
Answer: Rs.10000
Explanation :
The Reserve Bank of India has clarified that currency notes which have messages scribbled on it are legal
tender bank branches that refuse to exchange soiled notes from people will have to pay a penalty of Rs
10,000.
The State Bank of India has revised various service charges on transaction and deposits as well as
maintaining monthly average balance. The new charges would be applicable from which date?
Answer: April 1, 2017
Explanation :
The lender announced that three cash deposit transactions will be free in a month and beyond three
transactions the bank will charge Rs 50 plus service tax for each transaction. The charges will be applicable
to ATM transactions beyond free transactions, besides SBI will charge Rs 20 (plus service tax) per
transaction. This move follows the leading private sectors banks announced similar charges in this week.
The charges will be applicable from April 1, 2017.
Which Indian state has decided to implement the City Taxi Regulation 2017 to regulate the web-based
taxi services in the state?
Answer: Maharashtra
Explanation :
The Maharashtra government led by Chief Minister Devendra Fadnavis has decided to implement
the Maharashtra City Taxi Regulations 2017 to regulate the web-based taxi services in the state.
Which state has launched the Tirtha Darshan Scheme on March 3, 2017 to enable the senior citizens
belonging to BPL to go on pilgrimage at government expenses?
Answer: Haryana
Explanation :
Haryana Chief Minister Manohar Lal Khattar announced Tirtha Darshan Scheme on March 3, 2017 during
the ongoing budget session of the Haryana Assembly.Under the scheme, senior citizens of Haryana
domicile above the age of 60 years will be able to go on a Pilgrimage within the country at government
expense.
She Leads Tech initiative has been launched by which company to support women founded or co-
founded startups access to year-long program that provides tools, mentorship and resources?
Answer: Facebook
Explanation :
Social networking giant Facebook has launched a new initiative named SheLeadsTech to
support startups which are founded or co-founded by women population. The aim of the program is to
encourage more women founders who wish to have their own startup or business.
IRDAI has proposed to increase the insurance premium for cars, motor cycles as well as commercial
vehicles to 50 percent. The new charges would be effective from which date?
Answer: April 1
Explanation :
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed to increase
the insurance premium to 50 percent for cars, motor cycles as well as commercial vehicles from April 1.
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Which bank has won the gold medal for the Radio Jingle in the Collateral Awards Category at
the 11th Global Communication Conclave held in Bangaluru on March 6, 2017?
Answer: Canara Bank
Explanation :
Karnataka based Canara Bank has received medals in the Collateral Awards Category at the 11th Global
Communication Conclave held in Bangaluru on March 6, 2017
The State bank of India will levy penalty from April 1, 2017 if Minimum Average Balance in account
of metropolitan population is below Rs. ________
Answer: Rs.5000
Explanation :
The countrys largest lender State Bank of India (SBI) has decided to reintroduce penalty on non-
maintenance of minimum balance in accounts to be effective from April 1, 2017. In case of failing to
maintain Monthly Average Balance (MAB) in saving accounts, penalty of up to Rs. 100 plus service
tax would be levied. The penalty amount will be used by the bank to cover expenses such as running
operations and systems for its 250 million savings accounts. The MAB to be maintained by different areas
include, Metropolitan Area: Rs. 5000, Urban Area: Rs. 3000, Semi-Urban Area: Rs. 2000, Rural Area: Rs.
1000.
The 2000th branch of Vijaya Bank has been opened in which city on March 4, 2017?
Answer: Tirupati
Explanation :
Bengaluru based Vijaya Bank has recently opened its 2000th Branch in Tirupati by Sri Chadalawada
Krishna Murthy, Chairman, Tirumala Tirupati Devasthanams. This branch is the regions 65th branch and
the second in Tirupati city.
Indias first AI based chatbot EVA has been launched by which bank on March 5, 2017?
Answer: HDFC Bank
Explanation :
Mumbai headquartered HDFC Bank has launched Indias first AI(artificial intelligence) based banking
chatbot Electronic Virtual Assistant (EVA) for customer services.
The Finance Ministry has given its in-principal approval to allow which financial institution to offer
Employee Stock Option Plans (ESOPs) to their employees from 2017-18?
Answer: Public Sector Banks
Explanation :
The Union Finance Ministry has given its in-principle nod to allow Public Sector Banks (PSUs) to offer
stock options to their employees from 2017-18. However, the Employee Stock Option Plans (ESOPs) can
only be given by those banks which have earned substantial profit as well as made remarkable improvement
in managing NPAs
The new Open Acreage Licensing Policy (OALP) has been announced by the government of India to
boost the output of which of the following?
Answer: Oil & Gas
Explanation :
India has announced an Open Acreage Licensing Policy (OALP) on March 7, 2017 for conducting oil and
gas exploration in India. The new OALP policy will allow the bidder to select the exploration areas on their
own and carve out areas where they want to drill.
The Trade Mark Rules 2017 which came into effect on March 6, 2017 has replaced which rule to
simply the processing of Trade Mark applications?
Answer: Trade Mark Rules 2002
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Explanation :
The government notified the Trade Mark Rules, 2017 that came into force from March 6, 2017. The Rules
2017 will replace the former Trade Mark Rules 2002 and will streamline and simplify the processing of
Trade Mark applications.
Indias first smart tribal village has been inaugurated in which state on March 6, 2017?
Answer: Jammu & Kashmir
Explanation :
Jammu and Kashmirs first smart tribal village Habbi has inaugurated by Ch ZulfkarAli, J & K Minister for
food, Civil Supplies and Consumer Affairs Ch ZulfkarAli on March 6 2017 in J & K. Habbi village is
located in Kotranka in Rajouri District of Jammu and Kashmir.
In collaboration with which chatbot platform, HDFC Life has launched Indias first life insurance
chatbot on March 7, 2017?
Answer: Haptik
Explanation :
Mumbai based HDFC Life has launched Indias first life insurance chatbot to help users choose the most
suitable life insurance plans and solutions on March 7, 2017 The chatbot was launched in collaboration with
Indias largest chatbot platform Haptik, Indias largest chatbot platform
As per the latest estimation of global rating agency Fitch, Indias GDP is projected to grow at
___________ percent for the fiscal 2016-17.
Answer: 7.1 percent
Explanation :
The US based global rating agency Fitch on March 7, 2017 estimated Indias GDP to grow by 7.1 percent in
the fiscal 2016-17. However, the rating agency also projected the growth to see upward trend at 7.7
percent in both 2017-18 and 2018-19.
The ESAF Microfinance Company issued A1 rated Commercial Papers (CP) worth Rs.________crore
to meet the short term funding needs of the organization.
Explanation :
ESAF Microfinance Company has issued Commercial Papers (CP) worth Rs.330 crore. Private Sector
Banks and NBFCs can subscribe for the CP.. The papers are rated A1 by CARE ratings.
Indias first biometric-based payment system Aadhaar Pay has been launched by which bank on
March 7, 2017
Answer: IDFC Bank
Explanation :
IDFC Bank has launched Indias first biometric-based payment system Aadhaar Pay on March 7, 2017 in
New Delhi. The Aadhaar Pay app has been developed by IDFC Bank under the guidance of the Ministry of
IT, NITI Aayog, Unique Identification Authority of India (UIDAI), and National Payments Corporation of
India (NPCI).
FASTag service has been launched by which bank to enable the vehicles to move without the need to
join queues at toll plazas?
Answer: Karur Vysya Bank
Explanation :
Karur based Karur Vysya Bank s Chief Executive K. Venkataraman has rolled-out of three technology
services FASTag, UPI and BBPS on March 8, 2017. The FASTag service has been launched in association
with the Indian Highways Management Company, a subsidiary of National Highways Authority of India.
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Work from Home facility has been launched by which bank on March 7, 2017 for its employees?
Explanation :
Mumbai based State Bank of India has launched a new facility Work from Home to enable its employees
to work from home on March 7, 2017 Aim: To enable its employees to work while at home using mobile
devices to address any urgent requirement they may have, that prevents their travelling to work. T
RBI is set to introduce new Rs. 10 note. The new note will have the inset letter ________on both
number panels.
Answer: L
Explanation :
The Reserve Bank of India on March 9, 2017 notified that it is soon going to issue Rs. 10 denomination
notes with enhanced security features for circulation. Besides, RBI also notified that all the banknotes in the
denomination of Rs 10 issued in the past will also continue to be legal tender. The note will be in
the Mahatma Gandhi series-2005 and carry inset letter L on both number panels. It will have the signature
of Governor Urjit Patel.
The RBI has amended the provision for cash loan against gold by NBFC from Rs. 1 lakh to Rs.
________
Answer: Rs.25,000
Explanation :
The Reserve Bank of India has amended the provision for disbursement of loan by NBFC against
the gold on March 9, 2017 in line with the provisions of the Income Tax Act. As per the new provision,
the Non-banking Financial Company (NBFC) cannot lend more than Rs 25,000 in cash against gold as
against the earlier Rs 1 lakh.
The Maternity Benefit (Amendment) Bill, 2016 seeks to increase the maternity leave to _______ weeks
from the earlier 12 weeks.
Answer: 26 weeks
Explanation :
The Maternity Benefit (Amendment) Bill, 2016 was passed by the Lok Sabha by voice vote on March 10,
2017 that will benefit about 1.8 million women working in organized sector. The bill seeks to increase
the maternity leaves to 26 weeks by amending the Maternity Benefits Act, 1961 that provides for 12 weeks
of maternity leave.
A Loan agreement worth USD _____ million was signed between the German Development Bank
(KfW) and State Bank of India on March 10, 2017 to finance affordable housing segment in India.
Answer: USD 274 million
Explanation :
The German Development Bank (KfW) and Uttar Pradesh based Energy Efficiency Services Limited
(EESL) has signed a loan agreement for 200 million with a four year moratorium and a 12-year repayment
period
The Karnataka Bank has signed an MoU with which insurance company on March 10, 2017 to boost
general insurance business.
Answer: Bajaj Allianz General Insurance Company
Explanation :
Mangalore based Karnataka Bank has signed a Memorandum of Understanding (MoU) with Pune
based Bajaj Allianz General Insurance Company for General Insurance business on March 10, 2017.
Who has been appointed as the new deputy governor of the Reserve Bank of India to take charge on
or after April 3, 2017?
Answer: B P Kanungo
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Explanation :
B P Kanungo was appointed as deputy governor of Reserve Bank of India (RBI) for three years. He will take
charge on or after April 3, 2017. He will replace R Gandhi.
The private sector lender Yes Bank has signed project with 3 smart cities for payments-related
solutions. Which city is not included in the project?
Answer: Amritsar
Explanation :
Private sector lender Yes Bank has signed three projects to provide payments-related solutions to smart
cities. The bank finds it as a good business opportunity. Yes Bank has currently ties up with Udaipur,
Nashik and Puducherry for the introduction of digital payment systems under the smart city initiative.
What is the name of the wholly owned subsidiary incorporated by the State Bank of India on March
11, 2017 to manage its premises and estate related matters?
Answer: SBI Infra Management Solutions Pvt. Ltd
Explanation :
The State Bank of India on March 11, 2017 has legally incorporated SBI Infra Management Solutions Pvt.
Ltd. (SBIIMS Pvt. Ltd.) as a wholly owned subsidiary of SBI. SBIIMS Pvt. Ltd. will now manage
the premises and estate related matters of SBI
The union government has launched the Blue Revolution programme at a total expenditure of Rs
_________ lakh for holistic development and management of fisheries in the country.
Answer: Rs. 52000 lakh
Explanation :
The Union government has launched Mission Fingerling on March 11, 2017 to achieve Blue
Revolution with the holistic development and management of fisheries in the country.
The Reserve Bank of India has planned to open the Unified Payment Interface platform for which of
the following under digitization campaign?
Answer: Digital Wallets
Explanation :
The Reserve Bank of India (RBI) is set to open up the Unified Payment Interface (UPI) platform for digital
wallets firms as part of the governments digitisation campaign. Presently, the digital wallets can access the
UPI network through partner banks to facilitate bank-to-bank money transfers.
A new Trade Infrastructure for Export Scheme (TIES) was launched by the government on March
15, 2017 for developing export linked infrastructure. What is the total cost allocated for the scheme ?
Explanation :
The Commerce and Industry Minister Nirmala Sitharaman launched a new scheme named Trade
Infrastructure for Export Scheme (TIES) on March 15, 2017 for developing export linked infrastructure and
boost the competitiveness of Indias shipments.
The State Bank of India launched One-Time Settlement (OTS) scheme especially for tractor loan on
March 14, 2017. What is the total outlay of the scheme?
Answer: Rs 6,000 crore
Explanation :
The countrys largest lender, State Bank of India announced a One-Time Settlement (OTS) scheme worth Rs
6,000 crore on March 14, 2017 for tractor and farm mechanization loans to improve the loan recovery
As per the government data, Indias contribution towards United Nations has increased to Rs
_______crore in 2015-16 as compared to Rs 157 crore in the fiscal year 2014-15.
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Explanation :
Indias contribution to the United Nations has increased to Rs 244 crore from Rs 157 crore during the fiscal
year 2015-16 said by Union External Affairs Minister Sushma Swaraj. Indian government had also made
voluntary contributions to the tune of Rs 22 crore to international organisations, including UN agencies
Which bank has launched Indias first digital Loan against Securities services on March 15, 2017?
Answer: HDFC Bank
Explanation :
HDFC Bank in collaboration with National Securities Depository Limited (NSDL) has launched an
instant Digital Loan against Securities (LAS) product on March 15, 2017. LAS will reduced the time to
disburse the overdraft facility in just 3 minutes rather than several days previously.
The Future Generali India Insurance Company has tied up with which bank on March 15, 2017 for
marketing its product through bank branches?
Answer: UCO Bank
Explanation :
Private insurer Future Generali India Insurance Company (FGII) has announced tie-up with Kolkata
based UCO Bank for its products on March 15, 2017. Target : To achieve a growth of 80 per cent by FY18.
Which Bank has signed an MoU with the real estate developers body CREDAI on March 15, 2017 for
the development of the realty sector?
Explanation :
Indias public sector banking and financial services company State Bank of India(SBI) and real estate
developers body CREDAI have signed a memorandum of understanding (MoU) which is valid for a period
of 3 years to jointly conduct various initiatives towards development of the realty sector and promote
housing for all
Who has been appointed as the new Deputy Governor in Reserve Bank of India (RBI) to replace R
Gandhi?
Answer: Bibhu Prasad Kanungo
Explanation :
Bibhu Prasad Kanungo from Odisha has been appointed as Deputy Governor in Reserve Bank of India
(RBI) for three years by the Appointments Committee of Cabinet (ACC). Prasad is the succeedor of R
Gandhi.
Which bank has won the Official Language Policy award for the year 2015-16?
Answer: Central Bank of India
Explanation :
Mumbai based Central Bank of India won the first prize in the implementation of Official Language Policy
in the western region for the year 2015-2016 at the Official Language Conference of Central and Western
Regions in Udaipur.
Where was the 2017 G20 finance ministers and central bank governors meet held?
Answer: Germany
Explanation :
The two day G20 finance ministers and central bank governors meet began in Baden-Baden, Germany on
March 17, 2017. Focus: the meeting will focus on strengthening economic resilience in finance,
digitalization and promote investment in Africa.
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Bandhan Bank has signed an agreement with which of the given payment solution provider on March
16, 2017 to provide seamless access to point-of-sales (POS) and payment gateway products to
merchants?
Answer: Avenues India Pvt Ltd
Explanation :
Kolkata based Bandhan Bank has signed an agreement with a payment solution provider Avenues India Pvt
Ltd on March 16, 2017. Aim: To provide merchants with seamless access to point-of-sales (POS) and
payment gateway products.
Keralas first private sector bank, ESAF Small Finance Bank was inaugurated in which city on
March 17, 2017?
Answer: Thrissur
Explanation :
Keralas first private sector bank ESAF Small Finance Bank was launched by Kerala Chief
Minister Pinarayi Vijayan in Thrissur, Kerala on March 17, 2017. This bank is promoted by ESAF
Microfinance and Investments (P) Ltd and it is targeted to open 85 branches in unbanked rural centres in
first year.
How much amount has been approved by the World Bank on March 15, 2017 for the National
Hydrology Project of India?
Answer: $ 175 million
Explanation :
The World Bank has approved a $175 million loan on March 15, 2017 to India for the National Hydrology
Project to improve Indias ability to forecast floods and reduce the recurring chances of floods and droughts.
Who has been nominated to be the next Chairman of the Publics Account Committee (PAC) of
Parliament to be effective from May 1, 2017?
Answer: Mallikarjun Kharge
Explanation :
Former Minister of Inidan Railways Mallikarjun Kharge has been nominated for the post of chairman of the
Publics Account Committee (PAC) of Parliament. Kharge will take charge from K.V. Thomas on May 1,
2017.
The RBI has got the approval of the government to conduct field trial of the Rs. 10 denomination
plastic notes. Which country was the first to introduce the plastic note to safeguard against
counterfeiting?
Answer: Australia
Explanation :
The Reserve Bank of India has got the approval from the Central Government to conduct the field trial of
plastic banknotes of Rs. 10 denomination prior to introducing it as legal tender.
Which online marketplace for financial products has tied up with Indias first loan giving app CASHe
on March 16, 2017 to enhance the customer base of the app?
Answer: Rubique
Explanation :
CASHe, a fin-tech product promoted by Aeries Financial Technologies has entered into a strategic
partnership with Rubique, an online marketplace for financial products on March 16, 2017.
The Nand Niketan township which became Indias first private sector township to go fully cashless is
located in which state?
Answer: Gujarat
Explanation :
Essar Steel's Nand Niketan township at Hazira, Gujarat has become the first private township to go cashless
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with the help of Mumbai-based financial technology company, The Mobile Wallet (TMW).
Which bank has launched the Mera iMobile mobile App to provide agricultural information in 11
Indian languages for rural people without internet connection?
Answer: ICICI Bank
Explanation :
Mumbai based ICICI Bank launched first banking mobile application Mera iMobile to provide agricultural
information in 11 Indian languages for rural people without internet connection. Purpose: To access banking
services and get information on agricultural services. Mera iMobile app provide services include Kisan
Credit Card, Gold Loan, Farm Equipment Loan and loans to Self-Help Groups (SHGs).
Who has been appointed as the new CEO of Freecharge on March 20, 2017?
Answer: Jason Kothari
Explanation :
Jason Kothari was appointed as Chief Executive Officer of Freecharge by Indian e-commerce company
Snapdeal CEO, Kunal Bahl on March 20, 2017. Kothari is succeedor of Govind Rajan who resign his job
last month. He is currently working as the Chief Strategy Officer of snapdeal since January 2017. Prior to
this he has worked in Housing.com.
Who among the given has become the first women belonging to private sector to be appointed as the
Full-Time Member of Securities and Exchange Board of India (SEBI) on March 21, 2017?
Answer: Madhabi Puri Buch
Explanation :
Madhabi Puri Buch has been appointed as a Full-Time Member of Mumbai based Securities and Exchange
Board of India (SEBI) for a period of three years by the Personnel Ministry on March 21, 2017.
The Reserve Bank of India (RBI) has proposed to fix the upper limit for the for Pre-paid Payment
Instruments at Rs. __________
Answer: Rs.1,00,000
Explanation :
The Reserve Bank of India (RBI) has proposed to cap the upper limit for Pre-paid Payment
Instruments at Rs 1 lakh on March 20, 2017 due to the growing usage of PPIs for purchase of goods and
services as well as funds transfer.
For how much loan amount, India has signed an MoU with ADB Bank on March 22, 2017 for
Upgrading 1,500 kms of District Roads in Madhya Pradesh?
Answer: $350 million
Explanation :
Philippines headquartered Asian Development Bank (ADB)'s Deputy Country Director L. B.
Sondjaja and Joint Secretary (Multilateral Institutions), Department of Economic Affairs in the Ministry of
Finance, Raj Kumar have signed a $350 million loan agreement in New Delhi on March 22, 2017.
Which among the given mobile company has launched the mobile payment service for the first time in
India on March 22, 2017?
Answer: Samsung Electronics
Explanation :
Samsung Electronics officially launched the mobile payment service, Samsung Pay in India on March 22,
2017. With this, Samsung becomes the first company to launch a mobile payment service in India, ahead
of Apple Pay or Android Pay
What is the rank of India in the 2016 Human Development Index?

Answer: 131
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Explanation :
According to the UN Development Programmes Human Development for Everyone Report 2016, released
on March 21, 2017 in Stockholm, India has been ranked at 131 out of 188 countries in the 2016 Human
Development Index (HDI).
The Assam state government has signed 2 MoUs with which of the following banks on March 23, 2017
for providing housing loan and education loan to state employees?
Explanation :
The state government of Assam has signed two MoUs with Mumbai based State Bank of India(SBI) to
provide housing loan and education loan for its employees on March 23, 2017.
How much amount of capital infusion will be provided to the Indian Overseas Bank (IOB) from the
central government in the second tranche as part of a turnaround-linked capital infusion plan?
Explanation :
Chennai-based Indian Overseas Bank (IOB) will get Rs 1,100 crore capital infusion from the Government as
part of a turnaround-linked capital infusion plan.
The Union Cabinet has approved to amend the NABARD Act 1981 to increase the authorized capital
of NABARD from Rs. 5,000 crore to Rs. ________ crore
Explanation :
The Union Cabinet approved the proposals to amend the NABARD Act, 1981 during the cabinet meeting
that aims to amend the National Bank for Agriculture and Rural Development Act, 1981 to enable the
Central Government to increase the authorized capital of NABARD from Rs. 5,000 crore to Rs. 30,000
crore.
How much amount of credit agreement has been signed by the World Bank with the state government
of Uttarakhand and Government of India on March 23, 2017 to improve health services in the state?
Answer -USD 100 million
Explanation :
The World Bank signed US dollar 100 million credit agreement with the Centre and the state government
of Uttarakhand on March 23, 2017 in New Delhi to improve quality of health care services in all 13 districts
of the state.
Which financial services company has launched the mobile application myLoan on March 23, 2017
to offer personal loans to young and mobile savvy audience?
Answer: Tata Capital Limited
Explanation :
The Financial services company Tata Capital has launched a mobile application myLoan to offer personal
loans to young and mobile savvy audience. The maximum limit of the loan is Rs.13 lakh
Who has been appointed as the part time Chairman of the Catholic Syrian Bank by RBI on March 23,
2017?
Answer: T S Anantharaman
Explanation :
T S Anantharaman can hold the position of part-time Chairman of Catholic Syrian Bank said by Reserve
Bank of India(RBI)on March 23, 2017. Anantharaman has been working as the position of Non-Executive
Director of Catholic Syrian Bank since August, 2009.
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Which bank has launched the MoneyPlantTM RuPay International Platinum Debit Card for its
premium and high net worth customers as a part of digital banking initiative?
Explanation :
Mangaluru based Karnataka Bank has launched a new card option for its premium and HNI (high net worth
individual) customers in line with the banks digital banking initiative. The novel card named
MoneyPlantTM RuPay International Platinum Debit Card can be used for domestic and international cash
withdrawals and purchases.
Which e-commerce firm is set to acquire eBay Indias operations as part of its latest funding round?
Answer: Flipkart
Explanation :
Indias largest online retailer Flipkart is planning to acquire eBay Indias operations as part of its latest
capital raising programme of $2billion. The move is an effort of the e-commerce firm to strengthen its
position against the rising threat from the global competitors such as Amazon and Chinas Alibaba.
What will be the new name of the Central Board of Excise & Customs (CBEC) after the GST tax
regime comes into effect?
Answer: Central Board of Indirect Taxes & Customs
Explanation :
The Central Board of Excise & Customs (CBEC) is to be renamed as Central Board of Indirect Taxes &
Customs (CBIC) under the new regime of GST which is to be rolled out from July 1. It has been approved
by our Finance minister Arun Jaitely.
In which of the given states, the Employees State Insurance Corporation (ESIC) launched Mobile
Clinic Services on March 26, 2017?
Answer: Andhra Pradesh & Telengana
Explanation :
Andhra Pradesh and Telengana get Indias first Mobile Clinic Service which is launched by Employees
State Insurance Corporation (ESIC). This service is flagged off by The Union Minister for Labor and
Employment, Bandaru Dattareya.
Which public sector bank has inked a MoU with Italian vehicles manufacturer Piaggio Vehicles, for
providing financial support for the purchase of vehicles under Small Road Transport Operators
(SRTO) scheme in Bengaluru?
Answer: Vijaya Bank
Explanation :
Under the MoU, the first round of the vehicle was flagged off by the Managing Director and Chief
Executive Officer of the Vijaya Bank Dr Kishore Sansi in the presence of Executive Directors B S Rama
Rao, Y Nageswara Rao, and Piaggio Vehicles Vice-President Praveen Nagpal among others.
Which private sector bank achieved a landmark installation of 10,000 Point of Sales (PoS)
terminals on March 27, 2017?
Explanation :
The 10,000th POS terminal was handed over by Karnataka Banks Managing Director and CEO, P Jayarama
Bhat to Dr. Ravichandar, Chairman and Managing Director of Nandana Group of Hotels, Bengaluru, one of
its valued customers at the function held at Banks Bengaluru Regional Office.
Which among the following became the first Indian state to extend banking facilities to masses in
unbanked areas through Self- Help Groups (SHGs)?
Answer - Odisha
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Explanation :
To implement this initiative, Odisha State Government has signed an agreement with State Bank of India
(SBI)the largest public sector bank of India. Odisha Govt.s Odisha Livelihoods Mission (OLM) is the main
party (corporate agent) in this agreement with SBI.
In context of Indian banking industry, Project Ananya is associated with which public sector bank?
Answer: Syndicate Bank
Explanation :
Syndicate Banks Project Ananya is a large scale transformation program which mainly focuses on
improved customer service and offering latest in digital banking. Syndicate Bank opened 40
Ananya transformed branches, digitally on March 27, 2017
Which private sector bank has partnered with Truecaller to Launch UPI-based Truecaller Pay?
Answer: ICICI Bank
Explanation :
Truecaller Pay will allow users of the Truecaller app to instantly create a UPI id, send money to any UPI id
or a mobile number registered with the BHIM app. It will also allow users to recharge their mobile number
using the app.
Which private sector bank has been honored as the Best Small Bank for 2016 by Business Todayin
association with KMPGin Small Bank category with balance sheet size of less than Rs. 1 lakh crore?
Answer: Karur Vysya Bank
Explanation :
The award was received by K Venkataraman, Managing Director, KVB from Sudhir Munguntivar, Minister
of Finance and Planning, Government of Maharashtra. The judgment was made on three broad parameters
namely growth, size and strength.
Which public sector bank has recently launched Unnati credit card?
Explanation :
Indias largest Public Sector Lender State Bank of India has launched a unique credit card SBI Card
Unnati on March 28, 2017. This new brand credit card targets at all SBI customers, including Jan Dhan
account-holders across the country
Food Safety and Standards Authority of India (FSSAI)has signed an agreement with which
company to train 50,000 street food vendors under FSSAI's project named 'Clean Street Food?
Answer: Coca-Cola
Explanation :
The Memorandum of understanding (MoU) was signed by Pawan Agarwal, CEO, FSSAI and Venkatesh
Kini, president, Coca-Cola India and South West Asia. This project is initiated as a contribution for Skill
India campaign
Finance Bill 2017, which was laid as Money Bill in Lok Sabha has been passed by Parliament on
30th March 2017. Which article of Indian Constitution defines Money Bill?
Answer: Article 110
Explanation :
On 30th March 2017, during the debate on amendments in Lok Sabha, Union Finance Minister Mr. Arun
Jaitley said that amendments made to Finance Bill 2017 by Rajya Sabha are not acceptable to Govt.
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Which private sector bank has recently signed an agreement with Wells Fargo,Americas third largest
bank by asset, to offer real time remittances by Indian Diaspora in US back to their relatives in India?
Answer: Axis Bank
Explanation :
Under the agreement, any Indian Diaspora customer of Wells Fargo can transfer money to their relatives in
India without any transaction cost.
Which private sector bank has launched an innovative account opening system on March 29, 2017
under the name 8-11which can be used from anywhere and anytime?
Answer: Kotak Mahindra Bank
Explanation :
The app 8-11 was launched by banks Vice-President Uday Kotak in New Delhi. The name 8-11 is inspired
from the Prime Minister Narendra Modis November 8 demonetization move. The aim of launching the 8-11
app is to increase the customer base of the bank within 18 months from existing 8 million.
The Government of India has signed USD 350 million loan agreement with which international
financial organisation for road projects in Madhya Pradesh?
Answer: New Development Bank
Explanation :
The Government of India has signed USD 350 million loan agreement with the New
Development Bank (NDB) on March 30, 2017, which will be used for development and up gradation of road
project in Madhya Pradesh to improve transport connectivity in the interior regions of the state and boost
economic activity.
Banking/Economy Awareness April 2017

Rashtriya Vayoshri Yojana launched in which state by Minister for Social Justice and
Empowerment ?
Answer: Andhra Pradesh
Explanation:
1st April 2017, Mr. Thaawarchand Gehlot, Minister for Social Justice and Empowerment launched, first of
its kind Rashtriya Vayoshri Yojana in Nellore; Andhra Pradesh. This scheme has been launched for
providing Physical Aids and Assisted-living Devices to Senior Citizens belonging to Below Poverty Line
(BPL) category who suffer from age related problems viz. hearing impairment, low vision, dental problems
etc.
Finance Ministry has notified the reduction in interest rates on Small Saving Schemes for April-June
2017 quarter by ____ % as compared to Jan-Mar 2017 quarter
Answer: 0.10%
Explanation :
This move is in line with the Govt.s practice of recalibrating the rates on quarterly basis, which is being
followed since April 2016.
Which private sector bank has collaborated with SBI Card to launch co-branded credit cards for its
customers?
Explanation :
As a result of this collaboration, two types of credit cards have been launched namely - Karnataka Bank
Platinum SBI card and Karnataka Bank Simply SAVE SBI. The co-branded credit cards were launched by P
Jayarama Bhat, MD and CEO of the Karnataka Bank and Vijay Jasuja, CEO, SBI Card.
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Indias first International Centre for Foot and Mouth Disease(ICFMD) has been inaugurated in
which state?
Answer: Odisha
Explanation :
Indias first International Centre for Foot and Mouth Disease (ICFMD) has been inaugurated by Union
Agriculture Minister Radha Mohan Singh at Argul near Bhubaneswar in Odisha on 1st April 2017.
On April 1, 2017,State Bank of India (SBI)successfully merged with its five associate banks and
Bharatiya Mahila Bank. By this merger, SBI ranks at ______ position in the league of Top 50 Global
Banks.
Answer: 44th
Explanation :
Post this merger, SBI now has 2.77 lakh employees, 50 crore customers, more than 25000 branches and
58000 ATMs. The market share of SBI has increased to nearly 22 per cent from 17 percent.
The Central government has decided to make tax evasion of over Rs. ____under the proposed Goods
and Services Tax (GST) regime as a non-bailable offence.
Answer : Rs. 5 crore
Explanation :
This provision was mentioned in the Central GST (CGST) Bill as, if the offences relating to taxable goods
and/or services where the amount of tax evaded exceeds Rs 5 crore, it shall be treated as cognizable and
non-bailable.
Which department ha been formed by RBI to deal with the penalties imposed on banks for violation
of norms. ?
Answer: Enforcement Department
Explanation :
Minister of State in the Ministry of Finance, Mr. Santosh Kumar Gangwar informed Lok Sabha that Reserve
Bank of India (RBI) is planning to set up a separate in-house Enforcement Department which will be
operational from 3rd April 2017.
Which private sector banks have sold Rs 1800 crore worth loans of paper maker Ballarpur
Industries to Edelweiss Asset Reconstruction Company?
Answer: ICICI Bank and Axis Bank
Explanation :
Axis Bank sold loans of Rs.1200 crore and ICICI Bank sold loans of Rs.600 crore. This is the first time; a
potential bad loan has been sold off to an Asset Reconstruction Company at book value.
On April 3, 2017, Indias central bank, the Reserve Bank of India (RBI) has cleared a proposal to
introduce new currency notes of which denomination?
Answer: Rs. 200
Explanation :
The proposal was cleared during the RBI board meeting held in March, 2017. The information was passed
by officials from RBI. The process of printing Rs 200 notes will begin after June, if the central government
officially approves the new denomination.
Who among the following took charge as the MD and CEO of Industrial Development Bank of India
(IDBI) Bank on April 4, 2017?
Answer: Mahesh Kumar Jain
Explanation :
The former MD and CEO of IDBI Bank, K Kharat has been transferred to Indian bank.
The move was focused mainly on retail lending and resolution of bad assets of IDBI bank which were the
key priorities.
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Which among the following has become the seventh entity to receive a final licence from Reserve Bank
of India (RBI) for carrying out the business of payments bank in India?
Answer: Aditya Birla Idea Payments Bank Ltd.
Explanation :
Aditya Birla Idea Payments Bank Ltd. is a 51:49 joint venture (JV) between Aditya Birla Nuvo Ltd.
(ABNL) and telecom operator Idea Cellular. Rajat Mukarji, Chief Corporate Affairs Officer of Idea Cellular
had earlier mentioned that Aditya Birla Idea Payments Bank Ltd. will be launched in the first half of year
2017.
Which country has officially recognised Bitcoin as a method of payment from April 2017?
Answer : Japan
Explanation :
The currency of the Internet, Biticoin and other digital currencies have been recognised as a payment
method by Japan with effect from new fiscal year. It was recognised under new banking law of Japan.
Which online tax filing portal has announced that it has developed a technology platform to help
businesses comply with the provisions of GST law?
Answer : ClearTax.com
Explanation :
ClearTax has launched a first-of-its-kind multi-GSP (GST Suvidha Provider) taxation solution and the
software will be adept to handle over 1 billion invoices, which is expected to be generated after the GST
rollout.
Union Cabinet has approved a proposal to set up a regulator for Indian Railways to recommend
passenger and freight fares and set the performance benchmarks. This authority will be named as:
Answer: Railway Development Authority
Explanation :
Railway Development Authority (RDA) will be based in New Delhi. Rs.50 crore has been earmarked to set
up the authority. Its functions will be regulated by Railway Act, 1989.
Post announcement of RBIs First Bi-Monthly Monetary Policy Statement for financial year 2017-18
on 6th April 2017, the Reverse Repo Rate stands at:
Answer: 6.00%
Explanation :
On 6th April 2017, Reserve Bank of India (RBI) announced First Bi-Monthly Monetary Policy Statement for
financial year 2017-18. Repo Rate was left unchanged at 6.25%. Reverse Repo Rate has been hiked by 25
basis points and now stands at 6.00%.
Quoting of Aadhaar /Enrolment ID of Aadhaar application form, for filing IT returns and application
for allotment of Permanent Account Number (PAN) will be mandatory with effect from:
Answer: July 1, 2017
Explanation :
The Finance Act, 2017 introduced Section 139AA of the Income-tax Act, 1961 which states mandatory
quoting of Aadhaar /Enrolment ID of Aadhaar application form, for filing IT returns and application for
allotment of Permanent Account Number (PAN) with effect from July 1.
India has ranked _____ out of 136 countries on Global Travel and Tourism Competitiveness
Report 2017 published by World Economic Forum (WEF)
Answer: 40th
Explanation :
This marks a commendable jump of 12 spots as compared to previous years rank. International openness
reflected through strong policy reforms such as implementing visa on arrival and e-visas and improvements
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in the countrys surface transport infrastructure are the reasons responsible for improvement in Indias rank
this year.
India has signed $175 million loan agreement with which international financial organisation for
improving Solar Transmission System?
Answer: Asian Development Bank
Explanation :
The Government of India and the Asian Development Bank (ADB) have signed a $175 million loan
agreement to support construction of high voltage transmission systems.
As per Asian Development Outlook, 2017 released by Asian Development Bank (ADB), the Indian
economy is estimated to grow by ____ per cent in 2017-18 and 7.6 per cent in the next fiscal
Answer: 7.4 cent
Explanation :
The Indian economy is estimated to have grown by 7.1 per cent during last fiscal.
Which private sector bank has announced the launch of its Unified Payments Interface (UPI) on
Chillr?
Answer: HDFC Bank
Explanation :
Private Sector Lender, HDFC Bank Ltd has announced the launch of its Unified Payments Interface (UPI)
on Chillr. Henceforth the HDFC Bank UPI will be available on Chillr, in addition to the banks Mobile
Banking app.
Banks which are currently allowed to invest as much as _____of their net-owned funds in equity-
linked mutual funds, venture capital funds and stocks will be permitted by RBI to invest in real estate
investment trusts (REITs) and infrastructure investment trusts (InvITs) within the limit.
Answer: 20%
Explanation :
With an objective to benefit real estate sector, The Reserve Bank of India (RBI) has proposed to allow banks
to invest in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)
o control black money all over India, the government has fixed the top limit of Rs ______ on cash
transactions. The penalty for violating this is a fine equivalent to the amount of transaction.
Answer: Rs. 2 lakh
Explanation :
In context of this provision, the Income Tax Department clarified that Rs 2 lakh cash transaction limit will
not be applicable on withdrawals from bank, cooperative bank or a post office savings account.
The Reserve Bank of India has enabled faster settlement of the process of NEFT (National Electronic
Fund Transfer) by increasing the settlement cycle to ____from ____ currently
Answer: 23 from 12 currently
Explanation :
This move will facilitate half hourly settlements instead of the hourly settlement system practiced
now. When a transaction is done at a bank branch, the branch forwards the clearance request to the RBI to
be accommodated in the next settlement cycle.
Which private sector bank has announced the opening of its IFSC banking unit at the Gujarat
International Finance Tec-City (GIFT City)?
Answer: RBL Bank
Explanation :RBI has permitted domestic public and private sector banks to open an IFSC banking units
(IBU) at GIFT City to undertake foreign exchange transactions with resident and non-resident entities other
than individuals.
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Which among the following schemes launched by Niti Aayog, aims to encourage digital payments by
providing cash prizes to consumers through a lucky draw?
Answer: Lucky Grahak Yojana
Explanation :
On April 9, 2017, President Pranab Mukherjee will draw lots for Lucky Grahak Yojana (3 Mega Prizes for
worth Rs. 1 crore, Rs. 50 lakh, Rs. 25 lakh for consumers) and Digi Dhan Vyapar Yojana (3 Mega
Prizes worth Rs 50 lakhs, Rs. 25 lakh, Rs. 12 lakh for merchants) at a function to be held at Rashtrapati
Bahvan.
Which private sector bank has entered into an agreement with Flyworld Money Exchange to facilitate
remittances by Indian migrants in Australia?
Answer: South Indian Bank
Explanation :
NRIs in Australia will now have access to quick and cost-effective remittances to India using the South
Indian Bank Express facility. Using this facility, NRIs can now remit funds with ease to any commercial
bank in India.
Which among the following entity has inked a deal with ICICI group companies to distribute
insurance products and tied up with Exide Life insurance to sell products via its distribution channel?
Answer: Fino Paytech
Explanation :
Rishi Gupta, CEO, Fino Paytech has said On life insurance, we have tied up with ICICI Prudential and
Exide Life Insurance, on non-life we have only tied with ICICI Lombard.
As per data revealed by Australian Government, India will overtake Japan as the second-biggest
producer of steel by year:
Answer: 2019
Explanation :
According to the Australian government, India is set to become the worlds largest steel producer after
China, as mills increase output to meet growing demand for infrastructure, homes and consumer goods.
Ministry of Rural development has released nearly Rs. _______ to the States under Mahatma Gandhi
National Rural Employment Guarantee Scheme (MGNREGS).
Answer: Rs. 23,500 crore
Explanation :
Ministry of Rural Development has released nearly 23,500 crore rupees to the States as first tranche for this
Financial Year, under Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS).
The government has reduced the number of centrally sponsored schemes (CSS) to ____ umbrella
schemes from 66.
Answer: 28 umbrella schemes
Explanation :
Based on the recommendation of the sub-group of Chief Ministers on rationalisation of centrally sponsored
schemes, the government of India has rationalised centrally sponsored schemes (CSS) effective from the
financial year 2016-17.
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Which among the following Small Finance Banks has launched a social deposit scheme called
Hrudaya Deposit?
Answer: ESAF Small Finance Bank
Explanation :
The significance of the scheme is that a customer who deposit in it, becomes a part in nation building, as
their deposits are used for the welfare and infrastructure development of the marginalized sections of the
society.
NBFC Manappuram Finance has launched its own prepaid cards in tie-up with which private sector
bank?
Answer: Yes Bank
Explanation :
The company will issue the prepaid cards for 20 lakh customers. It will also link their existing gold loan
accounts to the card. This card can be pre-loaded up to a maximum amount of Rs.50,000 and then be used to
withdraw money from all ATMs.
Which entity has joined hands with the State Bank of Indiato promote cashless transactions like 'SBI
buddy e-wallet' and POS machines?
Answer: Department of Post
Explanation :
PK Swain, Chief Postmaster General, Punjab Circle and Anil Kishora, Chief General Manager, SBI,
Chandigarh dedicated SBI buddy e-wallet and SBI POS machines at Chandigarh General Post Office for the
general public.
Which scheme for food processing will be launched by Govt. with an outlay of Rs. 6000 crore?
Answer: SAMPADA
Explanation :
Union Food Processing Minister Harsimrat Kaur Badal has announced that her ministry will soon approach
the Cabinet for the approval for an umbrella programme Scheme for Agro-Marine Produce Processing and
Development of Agro-Processing Clusters (SAMPADA).
Which among the following company has received RBIs approval to launch its own digital wallet in
India?
Answer: Amazon
Explanation :
RBI has given an approval to Amazon India to launch its own digital wallet or pre-paid payment
instrument (PPI) in India.
Which country has raised $9 billion through its first global Islamic bond issue?
Answer: Saudi Arabia
Explanation :
The sale of Islamic bonds, known as sukuks, comes after the Saudi Arabia turned to the conventional global
debt market for the first time October 2016, raising $17.5 billion in a bond issue.
Which financial institution has approved $375 million loan to India for developing its first waterway
project - The National Waterway 1?
Answer: World Bank
Explanation :
World Bank has approved $375 million loan to India for developing its first waterway project - The National
Waterway 1. Under this project, a navigable stretch of 1360 km will be developed on River Ganga from
Varanasi (in Uttar Pradesh) to Haldia (in West Bengal).
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To ease bad debt, RBI has come out with a revised PCA framework for banks which will be effective
from April 1, 2017. What does abbreviation PCA stand for?
Answer : Prompt Corrective Action
Explanation :
The PCA framework is based on certain risk thresholds, the breach of which could result into serious
consequences such as merger with another bank or even closure of the bank. Financial reports of banks as on
March 31, 2017 will be considered as reference to evaluate banks condition vis-a-vis the thresholds.
Which entity has developed a Governance, Reward and Accountability Framework (GRAF) for
public sector banks?
Answer: Bank Boards Bureau (BBB)
Explanation :
To help public sector banks (PSBs) compete against private sector rivals and also prepare them for possible
mergers in the future, the Bank Boards Bureau (BBB) has drawn up an elaborate Governance, Reward and
Accountability Framework (GRAF).
Which firm has got RBIs approval to raise the foreign shareholding to 49 per cent from the existing
limit of 30 per cent?
Answer: Grasim Industries
Explanation :
RBI has notified that foreign institutional Investors/foreign portfolio investors can now invest from 30 per
cent to 49 per cent of the paid-up capital of Grasim Industries Ltd under the portfolio investment scheme
(PIS).
Which railway station in Bhopal has become Indias first privately-run railway station?
Answer: Habibganj Railway Station
Explanation :
Railway Minister Suresh Prabhu has said that for the first time in Indian Railways' history, operations of
Habibganj station in Bhopal has been handed over to a private firm. The station building will be developed
in line with airport terminals.
As per World Bank report, the Indian economy is expected to grow at ____% in 2017
Answer: 7.2%
Explanation :
As per the latest World Bank report, India's economic growth is expected to pick up speed from 6.8% in
2016 to 7.2% by 2017 after a modest setback due to weaker than expected investments and effects of
withdrawal of large denomination bank notes.
EPFO (Employees Provident fund Organisation) has decided to reduce the interest rate on Provident
Fund Deposits to ______% from 8.8%
Answer: 8.65%
Explanation :
The Finance Ministry has permitted the Labour Ministry to go ahead with an 8.65 per cent rate of interest on
employees provident fund (EPF) for 2016-17.
The Reserve Bank of India (RBI) has inked a supervisory cooperation pact with the Central bank of
which Asian country for information sharing?
Answer: Bhutan
Explanation :
A memorandum of understanding on Supervisory Cooperation and Exchange of Supervisory Information
was signed by RBI Deputy Governor S S Mundra and Royal Monetary Authority of Bhutan Deputy
Governor Phajo Dorjee.
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In April 2017, Reserve Bank of India (RBI) opened ombudsman offices in which two cities?
Answer: Raipur, Chhattisgarh and Jammu, Jammu & Kashmir
Explanation :
The office in Jammu will have the jurisdiction over entire Jammu and Kashmir which was under the
jurisdiction of the office of the banking ombudsman in New Delhi-I. New office in Raipur will look into the
grievances of residents and entities in Chhattisgarh.
India has ranked at _____ position in the 2017 A.T. Kearney Foreign Direct Investment (FDI)
Confidence Index
Answer: 8th position
Explanation :
India ranked at 8th position in the 2017 A.T. Kearney Foreign Direct Investment (FDI) Confidence Index. In
2016 edition of this index, India ranked at 9th position. US has topped in the list.
In the latest World Economic Outlook (WEO), International Monetary Fund (IMF)has cut down
Indias growth forecast for year 2017 by 0.4 percentage points to ______ %
Answer: 7.2%
Explanation :
The report mentions that Indias growth prospects in medium term are favourable. If reforms are carried out
as per the plans and supply-side concerns are addressed, Indias growth rate is expected to be 8% in the
medium term.
Which private sector banks Data Centre in Hyderabad has achieved the distinction of becoming the
country's first Platinum rated project under IGBC Green Data Centre Rating System?
Answer: ICICI Bank
Explanation :
IGBC Green Data Centre Rating System would facilitate in providing tremendous tangible and intangible
benefits. Tangible benefits include: 20 to 25 per cent reduction in Power Usage Effectiveness, 25 to 30 per
cent reduction in water consumption
How much contribution has been made by India to the UN programme for helping countries to hold
elections and develop their electoral systems?
Answer: $250000
Explanation :
This is the second Indian contribution of $250,000 to the programmes for electoral assistance and capacity
building.
Who among the following has been appointed as the new managing director and chief executive
director of LIC Housing Finance?
Answer : Vinay Shah
Explanation :
Vinay Shah replaces Sunita Sharma, who has been elevated to the position of managing director of LIC.
Vinay Shah has been with LIC since 1983. Prior to this assignment, he was executive director marketing.
On April 20, 2017, Reserve Bank of India (RBI), announced signing of an MoU on "Supervisory
Cooperation and Exchange of Supervisory Information" with central bank of which South American
country?
Answer : Guyana
Explanation :
The MoU was signed by Dr Gobind N. Ganga, Governor on behalf of Bank of Guyana and Dr Urjit R. Patel,
Governor on behalf of Reserve Bank of India.
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Which among the following Non-Banking Finance Company(NBFC)has converted itself to Small
Finance Bank?
Answer : Au Financiers
Explanation :
Au Financiers has converted itself to Small Finance Bank from a Non-Banking Finance Company (NBFC)
and has changed its name to Au Small Finance Bank.
Which payments bank entity will help NABARD to digitise rural banks across 5 states?
Answer: Fino Paytech
Explanation :
Payments Technology Company and soon-to-be-launched payments bank Fino Paytech will facilitate
NABARD to help the rural bank digitization drive in the states of Haryana, MP, Bihar, Gujarat and
Maharashtra.
As per figures revealed by Stockholm International Peace Research Institute (SIPRI), India has
become worlds _____ largest military spender in year 2016
Answer: fifth
Explanation :
Indias military expenditure for 2016 was $55.9 billion, which marks 8.5% growth over 2015 figure. US
retained its position as largest military spender in the world. It registered 1.7% growth in military
expenditure as compared to 2015.
First tranche of Sovereign Gold Bonds Scheme for the year 2017-18 has opened for subscription from
April 24, 2017. It has been priced at Rs. _______ per gm
Answer: Rs 2901 per gm
Explanation :
The Sovereign Gold Bonds Scheme was first announced in Union Budget 2015-16. Consequentially, the
first tranche was issued in November 2015.
Confederation of Real Estate Developers' Associations of India (CREDAI) has signed an agreement
with which public sector bank to provide loans at a concessional rate to builders as well as customers
for affordable housing projects?
Explanation :
SBI and CREDAI have signed a memorandum of understanding (MoU) to collaborate and work towards the
development of the real estate sector, specifically through the affordable housing and green housing projects.
Which country has decided to import Indian Mangoes for the first time?
Answer: Australia
Explanation :
Indian mangoes will be imported to Australia for the first time after protocols were revised to allow the
Asian-grown fruit into the local economy
Which among the following has become the first re-insurer company to open an office at Indias first
International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT
City)?
Answer: GIC Re
Explanation :
Wholly-owned by the Government of India, GIC Re, which supported the growth of general insurance
business in the country through its four wholly-owned subsidiaries for about 30 years, was designated as the
national reinsurer in 2001
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Northeast Indias largest Information Technology (IT) hub has been inaugurated in which city?
Answer: Agartala, Tripura
Explanation :
Northeast Indias largest Information Technology (IT) hub has been inaugurated in Tripuras capital city
Agartala on April 24, 2017. It is the sixth IT hub in the Northeast region. This IT hub has been set up at a
cost of Rs. 50 crore
Which private sector bank has announced a tie-up with Paisabazaar.com under which the bank will
offer conditionally approved loans to the latters existing customers?
Answer: Yes Bank
Explanation :
As part of the partnership, Yes bank will help Paisabazaar.com through its advanced analytics and data
mining capabilities to offer customers of the financial marketplace with customised and conditionally
approved offers across retail lending products.
Micro Finance Institutions Network (MFIN) has launched __________, a mobile app that will help in
providing financial education to microfinance clients.
Answer: MFIN Connect
Explanation :
This app has been released on Android platform and will be available in Hindi, Marathi, Telugu, Tamil and
English. It will help microfinance clients in understanding dynamics involved in microfinance including
credit history, interest rates, repayment cycles and their rights as a borrower.
Housing & Urban Poverty Alleviation and Information & Broadcasting, Mr. M. Venkaiah Naidu
to provide information on all schemes implemented by the Ministry of MSME at one place?
Answer: MyMSME
Explanation :
With the help of MyMSME mobile app, Ministry of MSME would be providing one single window to
MSMEs to access information on all schemes implemented by the Ministry. MSMEs can also lodge
grievances pertaining to Ministry of MSME through this app.
Securities and Exchange Board of India (SEBI)has barred resident as well as non-resident Indians
(NRIs) from making investments through participatory notes (P-Notes). P-Notes are also called:
Answer: Offshore Derivative Instruments
Explanation :
This restriction has been imposed through a new provision in the Foreign Portfolio Investment (FPI)
regulations. The objective behind this decision is to prevent the misuse of P-Notes for routing domestic
black money.
______________ has launched Digital Gold in collaboration with accredited refinery MMTC-PAMP,
which allows users to buy, sell and even store gold.
Answer: Paytm
Explanation :
Mobile payment and commerce platform Paytm has announced that it has collaborated with MMTC-PAMP
to launch digital gold, which will enable its customers to buy gold online and store it in MMTC-PAMPs
secure vaults free of charge.
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Which international organisation has stated that Goods and Services Tax (GST), the landmark tax
reform to be implemented from 1 July, would help raise Indias GDP growth rate to above 8%?
Answer: International Monetary Fund
Explanation :
IMF has observed that India is the fastest growing emerging market economy in the region, and will
continue to grow at a fast pace, with a projected 6.8% rate for financial year 2016-17 and 7.2% in 2017-18.
A small panchayat ward in_______became India's first digitalised panchayat ward

Answer: Kerala
Explanation :
Union minister of state for social justice and empowerment Krishan Pal Gurjar has inaugurated the website
of the first digitalised panchayat ward number 15 of Aymanam grama panchayat in Kottayam district of
Kerala.
On April 28, 2017, Reserve Bank of India (RBI)said that all the existing asset reconstruction
companies (ARCs)must have a minimum Net Owned Fund (NOF) of Rs________ crore by March
2019
Answer: Rs.100 Crore
Explanation :
Asset Reconstruction Companies (ARCs) buy out non-performing assets (NPAs) and manages it to make it
profitable. In the current scenario, Central Govt. and RBI are envisaging an important role for ARCs in
dealing with stressed assets in the system.
Banking/Economy Awareness May 2017
The Real Estate (Regulation and Development) Act - RERA has come into effect from:
Answer: May 1, 2017
Explanation :
Governments objective behind this Act is to protect home buyers and bring in overall transparency in the
real estate sector which will encourage genuine private developers. It is to be noted that Real Estate
(Regulation and Development) Bill, 2016 was passed by Parliament in March 2016.
On May 2, 2017, which private sector banksaid it has made 100 villages digitally-enabled in 2017 and
plans to transform 500 more by the year-end?
Answer: ICICI Bank
Explanation :
The 100 villages which have been transformed into 'ICICI Digital Villages' are located across 17 states in
India. These include 16 in Gujarat, 14 each in Maharashtra and Madhya Pradesh, 12 each in Tamil
Nadu and Karnataka and 11 in Rajasthan among others.
Which financial organisation has granted $160 million loan for Andhra Pradesh power project?
Answer: Asian Infrastructure Investment Bank (AIIB)
Explanation :
The Board of Directors of the Asian Infrastructure Investment Bank (AIIB) approved a loan amount of USD
160 million in support of the Andhra Pradesh 24x7 Power project, with an objective to strengthen the power
transmission and distribution system in the state.
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As per a latest report titled Illicit Financial Flows to and from Developing Countries: 2005-
2014 compiled by US-based think tank Global Financial Integrity (GFI), an estimated $______
billion in black money entered India during 2005-2014
Answer: $770 billion
Explanation :
The report stated that during 2014 alone, the inflow of black money was about $101 billion while the
outflow was $ 23 billion. The inflow of $ 770 billion was 14% of Indias total international trade of $ 5,500
billion during the 10-year period.
Which financial organisation has stated that Indian economy will grow 7.4 % in 2017-18 and 7.6% in
2018-19?
Answer: Asian Development Bank
Explanation :
Asian Development Bank has stated that the Indian economy will grow 7.4 per cent this fiscal and 7.6 per
cent in the next as the bankruptcy and GST laws will help create a more business-friendly environment.
Under National Steel Policy 2017, Indian Government has set a goal to achieve 300MT steel
production capacity by year:
Answer: year 2030-31
Explanation :
On May 3, 2017 Union Cabinet chaired by Prime Minister Narendra Modi, approved National Steel Policy
2017 which aims to make India self sufficient in steel production. The policy is geared towards increasing
domestic steel consumption, ensuring high quality steel production and creating a technology-driven
globally competitive steel industry.
Which Micro Finance Institution has bagged MSME Banking Excellence Awards 2016, instituted by
the Chamber for Indian Micro, Small & Medium Enterprises (CIMSME)?
Answer: Village Financial Services
Explanation :
Kolkata-based Village Financial Services won the award under the category Best NBFC-MFI for
Promotional Schemes. It was also adjudged as the runner-up in Eco-Technology Savvy NBFC-MFI
category.
The Insolvency and Bankruptcy Board of India (IBBI) has constituted a Technical Committee in
accordance with Regulation 14 of the IBBI (Information Utilities) Regulations, 2017.Who will be the
chairperson of this committee?
Answer: R B Barman
Explanation :
The Committee shall give its recommendation for laying down Technical Standards for the performance of
core services and other services under Insolvency and Bankruptcy Board of India (Information Utilities)
Regulations, 2017.
Non-performing assets (NPAs) or bad loans of public sector banks (PSBs) have reached
"unacceptably high levels" of over Rs_______crore, the bulk of which are in sectors such as power,
steel, road infrastructure and textiles.
Answer: 6 lakh crore
Explanation :
President Pranab Mukherjee has promulgated an ordinance to amend the Banking Regulation Act which
authorises the "Reserve Bank to issue directions to any banking company or banking companies to initiate
insolvency resolution process in respect of a default under the provisions of the Insolvency and Bankruptcy
Code (IBC), 2016".
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Reserve Bank of India has fixed the rate of interest on the Floating Rate Bonds, 2024 (FRB 2024)for
the half year May 7, 2017 to November 6, 2017 at:
Answer: 6.30%
Explanation :
This rate is the average rate of the implicit yields (computed by considering 365 days in a year) at the cut-off
prices of the last three auctions of Government of India 182 day Treasury Bills held up to May 7, 2017.
Usha Ananthasubramanian has been appointed as the head of which public sector bank?
Answer: Allahabad Bank
Explanation :
In a major restructuring in the public sector banking space, the government appointed heads of various
lenders, besides carrying out rejigs at Punjab National Bank and Bank of India. Punjab
National Bank Managing Director Usha Ananthasubramanian has been shifted to Kolkata-
based Allahabad Bank and head of Bank of India Melwyn Rego moved to Syndicate Bank with immediate
effect.
Which company has launched Indias first insurance product that can be bought at a point of sale
(PoS)?
Answer: Edelweiss Tokio
Explanation :
Edelweiss Tokio Life Insurance has launched PoS Saral Nivesh. It is the first product to be approved by
the Insurance Regulatory and evelopment Authority of India's guidelines on point of sale-
life insurance products.
Which international financial institution has forecasted 7.7% growth rate for Indian economy in FY
2018-19?
Answer: International Monetary Fund
Explanation :
IMF has forecasted that India's growth is expected to rebound to 7.2 per cent in the 2017-18 fiscal and 7.7
per cent in 2018-19 after disruptions caused by demonetisation
Cashback portal Cashkaro.com has tied up with which private sector bank to launch card-linked
offers as part of its loyalty programme for both offline and online shoppers?
Answer: Yes Bank
Explanation :
The initiative will now enable YES Bank debit card holders to earn customised cashback offers from a wide
range of participating online merchants as well as brick and mortar stores
On May 9, 2017, Reserve Bank of India (RBI)extended the deadline for companies undertaking billing
business under the Bharat Bill Payment System (BBPS) up to:
Answer: December 31, 2017
Explanation :
The extension has been granted on account of difficulties expressed by various entities in meeting the
deadline. The extension is for those companies intending to become an agent of an authorised Bharat Bill
Payment Operating Unit (BBPOU) or wants to exit the business of bill payments.
As per Securities and Exchange Board of India(SEBI)s guidelines, investors can now invest up to Rs
_______ per MF per financial year through e-wallets.
Answer: Rs.50000
Explanation :
This move is part of the efforts to promote digital payments in the MF industry and channelise household
savings into the capital market. The new facilities would come into force with immediate effect.
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Which entity has come up with a new home loan product Griha Siddhi?
Answer: LIC Housing Finance
Explanation :
LIC Housing Finance has come up with a new home loan product Griha Siddhi to match State Bank of
Indias recent move to cut interest rate on homes loans in the affordable housing segment by up to 25 basis
points. For home loans up to Rs.1 crore, the interest rate will be 8.50 per cent.
RBI has restricted which of the following loss making bank to open new branches and hire new staff?
Answer: IDBI Bank
Explanation :
The Reserve Bank of India (RBI) has initiated 'prompt corrective action' on IDBI Bank which will restrict
bank from hiring, opening branches and giving big ticket loans. The directions from the RBI are aimed at
ensuring that the bank takes measures to cut down its losses by reducing expenses and recovering problem
loans.
Which entity has signed a non-exclusive term sheet to acquire FreeCharge, the digital payments
platform?
Answer: Paytm
Explanation :
Alibaba Group-backed Paytm has signed a non-exclusive term sheet to acquire rival FreeCharge, the digital
payments platform owned and operated by beleaguered online marketplace Snapdeal, in what is expected to
be an all-cash deal.
Disha Microfin, has received final licence from the Reserve Bank of India to set up a small finance
bank. It will commence operation from July 2017 under the name of:
Answer: Fincare Small Finance Bank
Explanation :
This small finance bank will focus on the priority sectors and retail segments, and will additionally offer
products such as gold loans and affordable housing loans. The management is targeting a loan book
of Rs. 20,000 crore over the next five years.
______________ is the second Bank after IDBI Bank against which Prompt Corrective Action has
been invoked by RBI?
Answer: UCO Bank
Explanation :
Reserve Bank of India (RBI) has initiated "prompt corrective action" (PCA) on Kolkata-based public sector
lender UCO Bank on account of high bad loans and negative return on assets. After the recent revision of the
"prompt corrective action" framework, UCO bank is the second Bank after IDBI Bank against which PCA
has been invoked by RBI.
HDFC Life has entered into a bancassurance tie-up with which private sector bank to distribute its
individual life insurance products?
Answer: Catholic Syrian Bank
Explanation :
With this partnership, HDFC Life will offer its leading range of individual life insurance, health and pension
products to the Catholic Syrian Banks 1.5 million customer base across all its branches.
Which private sector bank has announced the appointment of computer hardware company Intels
executive Debjani Ghosh as an additional director on its board?
Answer: Yes Bank
Explanation :
Ghosh is a senior and experienced leader and highly respected in the Indian technology industry for her
strategic leadership and marketing acumen. Ghoshs appointment as a non-executive director will be
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considered by the shareholders at the banks forthcoming annual general meeting on June 6, 2017
As per United Nations World Economic Situation and Prospects as of mid- 2017 report, Indias
Gross Domestic Product (GDP) growth forecast for FY 2017 has been revised downwards to
_______%
Answer: 7.3%
Explanation :
Indias Gross Domestic Product (GDP) growth forecast for FY 2017 has been revised downwards to 7.3% as
compared to 7.7% projection made in January 2017. However, GDP growth forecast for FY 2018 has been
revised upwards to 7.9% as compared to 7.6% projection made in January 2017.
In a first of its kind transaction in India,__________enabled end to end trade financing for one of its
clients by applying the blockchain technology
Answer: Kotak Mahindra Bank
Explanation :
By utilising the blockchain technology, time for processing the letter of credit (LC) reduced from 20-30 days
to few hours. For this transaction Kotak Mahindra Bank had partnered with Deloitte. JP Morgan -
Singapore was the partner bank.
As per a latest report released by Brand Finance,which among the following is the most valuable
brand of India?
Answer: Tata Group
Explanation :
Tata retained top position as Indias most valuable brand despite 4% reduction in its brand value as
compared to 2016. The total brand value of Indias top 100 brands grew by 15% in 2017. This growth is
higher than the global average of 11%.
As per fresh set of guidelines issued by Reserve Bank of India, banks need to open at least ______% of
their banking outlets in a year in unbanked rural centres
Answer: 25%
Explanation :
Banking outlet is a fixed point service delivery unit manned by either the bank staff or its business
correspondents where services of acceptance of deposits, encashment of cheques, withdrawal or lending of
money is provided.
On May 22, 2017, which among the following private sector bank entered into a memorandum of
understanding (MoU) with Life Insurance Corporation (LIC) of India for selling life insurance
products of LIC?
Explanation:
Mahabaleshwara MS, Managing Director and Chief Executive Officer of Karnataka Bank, said that the bank
will be able to provide vast choice of life insurance products to its customers across all its 769 branches with
this MoU
Which life insurance company has announced the launch of Artificial Intelligence-based insurance
email bot 'SPOK'?
Answer: HDFC Life
Explanation:
HDFC Life has announced the launch of an artificial intelligence-based application named SPOK that can
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automatically read, understand, categorise, prioritise and respond to customer emails within milliseconds.
The deployment of SPOK will improve customer experience, while providing the support staff with the
bandwidth to focus on customer satisfaction
According to data released by the International Stainless Steel Forum (ISSF), India has emerged as
the ______ largest stainless steel producer in the world after China.
Answer: second largest
Explanation :
India overtook Japan as the second-largest producer in 2016, according to data released by the International
Stainless Steel Forum (ISSF). Indias stainless steel production rose to 3.32 million tonne in 2016 showing
an impressive growth of about 9% over 3 million tonne it produced in 2015
Which among the following has become the third entity to commence operations as Payments Bank?
Answer: Paytm Payments Bank
Explanation:
Paytm launched its Payments Bank on May 23, 2017, and thereby became third entity (after Airtel Payments
Bank and India Post Payments Bank) to commence operations as Payments Bank. However, services of
Paytm Payments Bank are currently available only via invitation
Which private sector bank has launched a new trading platform called Selfie for customers?
Answer: Federal Bank
Explanation:
Federal Bank, in association with Geojit, has launched a new trading platform called Selfie for customers.
Designed and managed by Geojit, the trading platform will give its users absolute control over their
investments with timely research inputs to make sound investment decisions.
Karnataka Bank has entered into a distribution agreement to sell the mutual fund products of:
Answer: HDFC Capital Asset Management
Explanation:
Mahabaleswara MS, Managing Director and Chief Executive Officer of Karnataka Bank, and Rajiv Maniar,
Senior Vice-President and Head Sales (East and South), HDFC Capital Asset Management, exchanged the
memorandum of understanding in Mangaluru on May 23, 2017
RBI is planning to expand the scope of cases to be referred to the Oversight Committee (OC) beyond
those under the Scheme for S4A. Abbreviation S4A stands for:
Answer: Sustainable Structuring of Stressed Assets
Explanation :
The Reserve Bank of India has said it will reconstitute and expand the oversight committee to deal with
rising bad loans. The central bank is also planning to expand the scope of cases to be referred to the
committee beyond those under the Scheme for Sustainable Structuring of Stressed Assets (S4A). This is part
of the central banks action plan to implement the recently passed ordinance that amended the Banking
Regulation Act.
_________ and IFFCO have rolled out their first set of co-branded debit cards for farmers as part of a
novel initiative to push digitalisation and cashless economy.
Explanation :
In February 2017, Bank of Baroda and IFFCO had entered into a memorandum of understanding (MoU) in
this regard. The co-branded debit cards, with inbuilt overdraft of Rs. 2,500 in special savings bank account,
could be used for purchase of various agri products at IFFCO sale counters.
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Which among the following banks has launched a national hackathon for developers, startups and
students to come up with innovative ideas and solutions for the banking sector?
Explanation :
The hackathon, named Code For Bank, will focus on the business value, driven by technologies like
predictive analytics, fin-tech/blockchain, digital payments, IoT (Internet of Things), artificial intelligence,
machine learning, BOTS and robotic process automation.
Reserve Bank of India has permitted all licensed co-operative banks having their own ATM network
to issue semi-closed prepaid payment instruments (PPIs)like mobile wallets up to a limit of Rs.
____________
Answer: Rs. 10000
Explanation :
A notification has been issued by RBI which enlists strict norms and conditions to be followed by co-
operative banks before permitting them to issue wallets for utility bill payments and other activities up to
a limit of Rs 10,000.
Which among the following is the only Indian company to be named among the top 10
consumer financial services companies in the world?
Answer: HDFC
Explanation :
With profits of USD 1.6 billion and sales of $8.1 billion, HDFC has ranked seventh on the Forbes Global
List 2017 in the consumer financial services sector. The company has been featured in the coveted list for
the third consecutive year. American Express topped the list, followed by Capital One Financial and Visa in
the second and third place, respectively.
As per fDi Report 2017, compiled by fDi intelligence, a division of the Financial Times, which
country has retained its position as worlds top greenfield Foreign Direct Investment (FDI)
destination for the second consecutive year?
Answer: India
Explanation :
Attracting $62.3 billion FDI inflows in 2016, India remained much ahead of China and the US.
Attracting $59 billion FDI inflows, China surpassed US and became the second biggest country for FDI by
capital investment. US attracted $48 billion FDI inflows.
As per a report by World Economic Forum (WEF), the size of retirement savings gap in India is
expected to touch $85 trillion by year ______ from the current shortfall of $3 trillion largely due to
longer lifespans and reduced levels of savings
Answer: 2050
Explanation :
The savings gap resembles the amount of money required in each country (including contributions from
governments, individuals and employers) to provide each person with a retirement income equal to 70 per
cent of their pre-retirement income.
The Reserve Bank of India (RBI) will observe financial literacy week from:
Answer: 5th to 9th June 2017
Explanation :
The financial literacy week will focus on four broad themesknow your customer (KYC), Exercising
Credit Discipline, Grievance Redressal and Going Digital (UPI and *99#). The main objective of observing
the financial literacy week is to emphasize the importance of financial literacy.
How much amount, as Line of Credit has been extended by Indian to Mauritius for various projects?
Answer: USD 500 million
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Explanation :
India has announced USD 500 Million assistance in form of Line of Credit to Mauritius, which will be used
for various projects. This Line of Credit (LOC) agreement was signed between SBM Mauritius
Infrastructure Development Co. Ltd and Export-Import Bank of India.
Which among the following company has overtaken Oil and Natural Gas Corp (ONGC)to
become India's most profitable public sector undertaking (PSU)?
Answer: IOC
Explanation :
Indian Oil Corp (IOC) has overtaken Oil and Natural Gas Corp (ONGC) to become India's most profitable
public sector undertaking (PSU). For financial year ended March 31, 2017, IOC posted a net profit of Rs
19,106.40 crore, which marks a 70% jump from previous year.
As per India Development Reportby World Bank, Indian economy is expected to grow at what rate
in FY 2017-18?
Answer: 7.2%
Explanation :
As per India Development Report by World Bank, Indian economy is expected to grow at 7.2% in FY
2017-18 as compared to 6.8% in 2016-17. The report has outlined that demonetisation in November 2016
caused a slight disruption to Indias growth recovery.
The Employees Provident Fund Organisation (EPFO) has approved hike in investment limit in
exchange traded funds (ETFs) to:
Answer: 15%
Explanation :
Union Labour Minister Bandaru Dattatreya said the Employees Provident Fund Organisation has approved
hike in investment limit in exchange traded funds (ETFs) to 15 per cent, from the existing 10%.
Renu Satti has been appointed as CEO of:

Answer: Paytm Payments Bank
Explanation :
Renu Satti had joined Paytm in 2006 as manager human resources and over the years, has been involved
with various departments at the company. Most recently, she was heading the movie ticketing business as
vice president. Before Paytm, she has worked with Mother Dairy and Manpower group.
On May 30, 2017, which public sector bank signed a $100 million loan agreement with Asian
Development Bank (ADB) to finance large solar rooftop systems on industrial and commercial
buildings throughout India?
Answer : Punjab National Bank
Explanation :
This is the first tranche loan of the $500 million multi tranche finance facility, Solar Rooftop Investment
Program (SRIP) approved by ADB in 2016. This agreement has been guaranteed by the Government of
India.
New one rupee notes with a multicoloured look will soon be put in circulation by the Reserve Bank of
India. The colour of One Rupee currency note shall be predominantly ______ on obverse and reverse
in combination with others.
Answer : pink-green
Explanation :
The Reserve Bank of India will soon put into circulation currency notes in one rupee denomination. The
existing currency notes in this denomination in circulation will also continue to be legal tender.
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Which entity has forecasted that Indian economy will grow by 7.5% in fiscal year 2017 and 7.7% in
2018?
Answer : Moodys Investors Service
Explanation :
As per global ratings agency Moody's Investors Service, the Indian economy will grow by 7.5 in fiscal year
2017 and 7.7% in 2018 and growth will gradually accelerate to around 8% over the next three to four year
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Banking & Economy

General Awareness section is very important in banking, insurance

In 2017, we have observed that the exams are asking current

The future belongs to those who believe in the beauty of

Banking/Economy Awareness January 2017

Suvidha Prepaid Card service has been launched by which bank?

Who is the Chairman of Securities and Exchange Board of India (SEBI)?

on 12 April 1992 and Headquartered at Mumbai, Maharashtra. Chairman: U K Sinha

2017 to provide Rs. 4000 crore loans to one lakh farmers?

renewable energy bonds.

Banking/Economy Awareness February 2017

Ramakrishna quit the exchange on December 2 citing personal reasons.

What is the rank of India in the Index of Economic Freedom 2017?

Banking/Economy Awareness March 2017

What is the rank of India in the 2016 Human Development Index?

Banking/Economy Awareness April 2017

A small panchayat ward in_______became India's first digitalised panchayat ward

Banking/Economy Awareness May 2017

Renu Satti has been appointed as CEO of:

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