NATIONAL NEWS 1. Central government launched a new scheme called as IBPS. What is the full form of IBPS?

a. Indian BPO Promotion Scheme. b. Indian Bills Promotions Scheme. c. Indian Business Promotion Scheme. d. None of these 2. ‘Run for Rio’, a meet held in which of the following Indian city?

a. New Delhi b. Lucknow c. Mumbai d. None of these

3. The railways marked the milestone of establishing connectivity between Agartala and New Delhi. What is the first train walk on the track between New Delhi and Agartala?

a. Tripura Sundari Express b. Agartala Express c. North East Express d. None of these 4. Indian Railways connects Agartala to Akhaura with broad gauge rail link. Akhaura is situated in which of the

following country? a. Myanmar b. Bangladesh c. Thailand d. None of these

5. Which of the following railway station wins National Tourism award 2016? a. Sawai Madhopur Railway station b. Pune Railway station

c. Lucknow Railway station d. None of these 6. Competition Commission of India has imposed a Rs.73 Crore penalty on which Pharma company? a. Lupin Limited b. Sun Pharma c. Biocon d. None of these 7. Bezwada Wilson, the Roman Magsaysay award winner belongs to which organization? a. Safai Karmchari Andolan b. Bachpan Bachao Andolan c. Swachch Bharat d. None of these 8. Which of the following Indian city has maximum diabetes patients in the country according to a study

released by The Associated Chambers of Commerce of India (ASSOCHAM)? a. New Delhi b. Mumbai

c. Kolkata d. None of these 9. Irom Chanu Sharmila is in news recently. She fights against AFSPA.What is the full form of ASFPA? a. Armed Forces Special Power Act. b. Armed Forces Security Prospect Act. c. Armed Forces Safety & Protection Act. d. None of these 10. Central Government constitutes the District Development Co-ordination and monitoring committee for

effective development and co-ordination of central government’s programme. The programme is called as ________. a. DISHA b. PRAGATI

c. SMILE d. None of these 11. Who of the following appointed as president of Microsoft India? a. Anant Maheshwari b. Sunder Pichai c. Satya Nadella d. None of these 12. Central government will set six new Indian Institute of technology (IITs). Which of the follows place is a

place where IITs will not set up by government? a. Kerala b. Goa c. Jammu d. None of these 13. Indian Railways has recently tied up with which mobile wallet company to ensure food delivery in train

coaches with e-cash payment. a. Paytm b. FINO PayTech c. Mobikwik d. None of these

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14. The Make in India city will be held in which city of India? a. Bhubaneswar b. New Delhi c. Pune d. None of these 15. Which of the following company issue Green Masala Bonds for clean projects to raise Rs. 2000 Crore? a. NTPC b. IOC c. BHEL d. None of these 16. Which union ministry has launched nationwide breast feeding programme “MAA”? a. Ministry of Tribal affairs b. Ministry of Health & Welfare c. Ministry of Finance d. None of these 17. National Handloom day is celebrated on _____. a. August, 7 b. August, 8 c. August, 9 d. None of these 18. The HRIDAY scheme has been launched by the Government of India with the aim of holistic development of

__________. a. its outsourcing cities b. Heritage cities c. Industrial cities d. None of these 19. Match the following: Organization Head Quarter I. IDBI Mumbai II. NHB New Delhi III. MUDRA Bank New Delhi IV. SIDBI Lucknow a. All are true b. I and II are true c. II and IV are true d. None of these 20. World Indigenous People Day celebrated on ________. a. August, 9 b. August, 10 c. August, 12 d. None of these 21. Central government set up a MPC (Monetary Policy Committee) to turn down veto power of RBI governor.

Who of the following is the last governors who use this veto power on repo rate? a. Raghuram Rajan b. D. Subbarao c. Y.V. Reddy d. None of these 22. Central government will set up a GST (Goods & Service Tax) council to sort-out many issue like rate of GST

and compensation. GST council consists of ___________. a. Finance minister b. Finance minister of states

c. Prime minister d. I and II both 23. Irom Sharmila to end fast against AFSPA (Armed Force Special Power Act).Irom Sharmila belongs to which

state ? a. Manipur b. Mizoram c. Sikkim b. Assam

24. Which of the following selected for Rajiv Gandhi Sadbhavana award? a. Shubha Mudgal b. Raghuveer Yadav

c. Ram Naresh Sharma d. None of these 25. Match the following: I. Indian Bank - Chennai II. Indian Overseas Bank - Chennai III. Vijaya Bank - Bengaluru IV. Canara Bank - Bengaluru

AUGUST 2016

a. All are true b. I and II are true c. I and II are true d. None of these 26. Match the following:

Committee Head I. Shankar Acharya Committee New Financial Year II. N. K. Singh Committee FRBM Act. III. Sudarshan Sen Committee Financial Technology & Digital Banking IV. Arun Jaitely Committee GST Council a. All are true b. I and II are true c. II and III are true d. None of these

27. Kalikho Pul died recently. He was a chief minister of which of the following state? a. Arunachal Pradesh b. Assam c. Uttar Pradesh d. None of these

28. Kudankulam Nuclear Power plant dedicated to the nation. Kudankulam power plant is the joint venture of India and which of the following country? a. Russia b. U.S.A.

c. China d. None of these 29. In which of the following city, central government to lay the foundation stone for multi model terminal which

will have road and rail connectivity with proposal links on NH-7 and Jeonathpur railway station? a. Varanasi b. Kanpur c. Patna d. None of these 30. A. P. Shah Committee is related to which sector?

a. Reliance – ONGC Gas Conflict b. Infrastructure c. Environment laws d. None of these

31. Antrix Company is in news recently. Antrix is a company of _________. a. Reliance b. ISRO

c. Raman Singh d. None of these 32. Which of the following organization releases framework on payments system called “Vision 2018”

document? a. Reserve Bank of India b. SBI

c. SEBI d. None of these 33. In the Indian context who amongst the following is regarded as the lender of the last resort? a. Reserve Bank of India b. SEBI c. NABARD d. None of these 34. Union Government launches data bank portal and online finance facilitation web portal for MSMEs (Micro

Small and Medium Enterprises). Who of the following is the union minister of MSMEs? a. kalraj Mishra b. Arun Jaitely

c. Raman Singh d. None of these 35. Under the Swachh Bharat Abhiyan (SBA), all 6.5 lakh villages will be provided an amount of Rs. 20 lakh

every year until 2019 by the ________. a. Ministry of Finance b. Ministry of Rural Development c. Ministry of Health d. None of these 36. Who of the following is appointed as a new president of MFIN (Micro Finance Institution Network)?

a. R. Baskar Babu b. Ravi Jain c. Raghuram Rajan d. None of these 37. Which of the following has become Indian’s first port to implement logistics data tagging of containers to

track cargo? a. Kandla Port b. Jawaharlal Nehru Port

AUGUST 2016

c. Mangalore Port d. None of these 38. Who of the following sportsperson is the author of the book “Ace Against Odds” released recently? a. Saina Nehwal b. Sania Mirza c. Jwala Gutta d. None of these 39. Union Government launches 1st phase of Smart Ganga city programme in 10 cities. Which of the following

city is not included in these 10 cities? a. Kanpur b. Mathura

c. Haridwar d. Kolkata 40. Justice Manjula Chellur has been selected as the new chief justice of which of the following High Court?

a. Bombay High Court b. Madras High Court c. Kolkata High Court d. None of these

41. “Mission Indradhanush” launched by the government of India pertain to _____________. a. immunization of children and pregnant women.

b. construction of smart cities across the country. c. New education Policy

d. None of these 42. Match the following: I. IRDAI Hyderabad II. TRAI New Delhi III. ISRO Bengaluru

IV. DRDO New Delhi a. All are true b. I and II are true

c. I and IV are true d. None of these 43. Union Government constitutes National committee on trade facilitation to develop the Pan-India road map for

trade facilitation. Who of the following is the head of this committee? a. Pradeep Kumar Sinha b. N. K. Singh

c. Shankar Acharya d. None of these 44. Match the following: I. Pradeep Kumar Sinha Committee For trade facilitation II. Amitabh Kant Committee e-Commerce Laws III. Shankar Acharya Committee New Financial Year IV. Sudarshan Sen Committee Financial technology & Digital banking

a. All are true b. I and II are true c. II and IV are true d. None of these 45. Which of the following bank launched USSD based mobile app (*99#) for basic banking needs with NPCI

(National Payment Corporation of India)? a. Union Bank of India b. State Bank of India

c. Punjab National Bank d. None of these 46. NADA is in news recently. What is the full form of NADA?

a. National Anti Doping Agency b. National Army and Defence Agency c. National Anti Defecation Act d. None of these 47. Match the following: I. Arvind Subramanian Committee - For MSP of Pulses II. Arvind Panagaria Committee - Bullet Train III. R. Bhaskar Committee - MFIN IV. Pradeep Kumar Sinha Committee - NTFA

a. All are true b. I and II are true

AUGUST 2016

c. II and IV are true d. None of these 48. Arun Jaitley likely to skip ‘SAARC’ finance minister’s conference held in ______.

a. Islamabad b. Dhaka c. Thimphu d. None of these 48. Which of the following ministry has launched e-Trans & DEEP e-bidding portal for electronic bidding e –

reverse action of tariff based electricity transmission projects? a. Ministry of Power b. Ministry of MSME

c. Ministry of finance d. None of these 49. India’s first Hydro engineering college will be set up in which of the following state?

a. Himachal Pradesh b. Uttar Pradesh c. Madhya Pradesh d. None of these 50. “Courage & Commitment” a book is written by _______. a. Shobhaa De b. Margaret Alva c. Sania Nehwal d. None of these 51. Which of the following IIT adopts five villages under Namami Gange Programme?

a. IIT Kanpur b. IIT Bombay c. IIT Madras d. None of these 52. T. M. Krishna who is the winner of Ramon Magsaysay award 2016, is related to which state? a. Karnataka b. Uttar Pradesh

c. Madhya Pradesh d. None of these 53. In which of the following city of Uttar Pradesh (UP), Central government will be established AIIMS?

a. Lucknow b. Meerut c. Bareilly d. Gorakhpur 54. “The Great Derangement: Climate Change and the Unthinkable” the book is written by- a. Amitabh Ghosh b. Aravind Adiga c. Shobhaa De d. None of these 55. Who of the following is appointed as the 24th Governor of RBI?

a. Urjit Patel b. Raghuram Rajan c. Anand Sinha d. None of these 56. Who of the following is the writer of the book “Selection Day”? a. Aravind Adiga b. Meghnad Desai c. Shobhaa De d. None of these 57. IPPB (India Post Payment Bank) will be started all over India by______. a. September, 2017 b. January, 2017 c. March, 2017 d. None of these 58. Which of the following company launched project Alloy, a device that creates merged reality?

a. Intel b. Google c. Microsoft d. None of these 59. Which mobile app has been launched by Union Government to monitor execution of the under construction

power transmission projects? a. Milan b. Tarang

c. Satrang d. None of these 60. India has recently signed a short term route agreement with which neighboring country for the movement of

petroleum goods? a. Myanmar b. Bhutan

c. Bangladesh d. None of these 61. Who of the following is not awarded Rajiv Gandhi Khel Ratan Award?

AUGUST 2016

a. P V Sindhu b. Jitu Rai c. Sakshi Malik d. Atanu Das

62. Who of the following conferred with Vyas Samman Award 2015? a. Sunita Jain b. Raghuveer Chaudhary

c. Priyanka Malik d. None of these 63. Which of the following state will host 2016 Kabaddi Cup?

a. Gujarat b. Madhya Pradesh c. Uttar Pradesh d. None of these 64. Who of the following has been appointed as a new independent director on the board of India Post Payment

Bank (IPPB)? a. R S Sodhi b. R M Lodha c. G S Bharti d. None of these 65. Which of the following is/are true about IPPB (India Post Payment Bank)?

I. IPPB will obtain banking from RBI by March 2017. II. By September 2017, all 650 branches of the postal payment bank would become operational.

a. All are true b. I is true c. I is true d. None of these

66. Who of the following player is appointed as the brand ambassador for “Beti Bachao, Beti Padhao” campaign in Haryana? a. Sakshi Malik b. Madhuri Dixit

c. Priyanka Chopra d. None of these 67. The “Smart City Mission” of the central government is being implemented through the _________.

a. Union Ministry of Urban Development. b. Union Ministry of Finance c. Union Ministry of Rural Development. d. None of these

68. Match the following: I. DICGC Mumbai II. ECGC Mumbai III. IDBI Mumbai IV. SIDBI Lucknow a. All are correct b. I and II are correct c. II and IV are correct d. None of these 69. Union government launches accessible E-library “Sugamya Bharat Abhiyan” for______.

a. Divyang b. Unorganized Sector c. SC, ST Womens d. None of these

70. Match the following: I. NABARD Mumbai II. ECGC Mumbai III. DICGC Mumbai IV, NPCI Mumbai

a. All are true b. None of these c. I and II are true d. II and IV are true 71. Which of the following ministry has launched POSCO-e box?

a. Ministry of Women & Child development b. Ministry of HRD c. Ministry of Rural development d. None of these

72. Who of the following is awarded Saraswati Samman 2015 for autobiography “Chitt-Chete”?

AUGUST 2016

a. Padam Sachdev b. Salini Sharma c. Meghna Verma d. None of these

73. Match the following: I. Madhukar Gupta Committee Border Protection II. Ratan P Watal Committee Card Payment III. P V S N Prasad Committee Pallet Gum IV. Arvind Subramanian MSP of Pulses a. All are true b. I and II are true c. II and IV are true d. None of these 74. Stand up India Scheme is launched by Central Government, excluding for_______

a. All startups b. SC, ST & Womens of all categories c. Only for Mens d. None of these

75. The ratio of deposits in current account and saving account to total deposits of a bank is known as _______. a. CASA Ratio b. NIM Ratio c. NPA Ratio d. None of these 76. Avanti Finance, the company aims to provide affordable credit to the poor, is launched by Ratan Tata, Dr.

Vijay Kelkar and ________. a. Nandan Nilekani b. Dilip Sanghvi c. Anil Ambani d. None of these 77. The erstwhile Imperial Bank of India is today’s ____________. a. IDBI b. State Bank of India c. Bank of Baroda d. None of these 78. Dronacharya award is an award presented by the Government of India for excellence in________.

a. Cinema b. Corporate Government c. Sports Coaching d. None of these

79. Match the following: I. SABLA for girls II. Aajeevika for SHGs III. Swabhimaan Financial Inclusion IV. Swavalamban Pension Scheme

a. All are true b. None of these c. I and II are true d. II and IV are correct

AUGUST 2016

INTERNATIONAL NEWS 1. SAARC (South Asian Association of Regional Cooperation) Home minister’s summit will be held

in________. a. Islamabad b. New Delhi

c. Kathmandu d. None of these 2. Who of the following to be the next Prime Minister of Nepal? a. Vidya Devi Bhandari b. Pushpa Kamal Dahal c. Sushila Koirala d. None of these 3. Which of the following country is most affected from typhoon “NIDA”? a. China

b. Japan c. South Korea

d. None of these 4. Which of the following country has approved an economic stimulus package worth $275 billion in attempt

kick start the economy and boost growth? a. Japan b. China c. Greese d. None of these 5. Who is the new elected president of Asian Development Bank (ADB)? a. Takehiko Nakao b. K.V. Kamath c. Jim Yong Kim d. None of these 6. Match the following: I. ADB Manila II. AIIB Beijing III. NDB Shanghai IV. IMF Washington D.C. a. All are true b. I and II are true c. II and III are true d. None of these 7. FATCA is an initiative of U.S. government tax system. What is the full form of FATCA? a. Foreign Account Tax Compliance Act b. Foreign Account Tourism Compliance Act c. Free Area Trade Compliance Agreement d. None of these 8. “World Bio-fuel Day’’ is celebrated on _______.

a. August,10 b. August 12 c. August,15 d. August 16 9. Kolkata scientist Dr. Dhrubajyoti Ghosh, the first Indian environment activist to receive Global grew award

presented by IUCNL (International Union for Conservation of National). Headquarter of IUCN is situated in _______. a. Nairobi b. Pune

c. Tokyo d. Washington 10. Hanif Mohammad died recently. He was a cricketer. He belongs to which country?

a. India b. Bangladesh c. Pakistan d. None of these 11. India & Sri Lanka agreed recently to start negotiations on fast track basis for the proposed ETCA. What is the

full form of ETCA? a. Economic & Technology Co-operation Agreement b. Economic Transfer & Co-operation Agreement c. Economic Trade & Co-operation Agreement d. None of these

AUGUST 2016

12. United Nation has released postal ticket on whom of the following Indian personality? a. M. S. Subbulakshmi b. Pandit Ravi Shankar

c. M. K. Gandhi d. None of these 13. Google has launched a new application which has ability of video calling on Android & Apple IOS platforms.

Name of this platform is __________. a. Google’s Duo b. Google’s Duke

c. Google’s Boy d. None of these 14. Which of the following country has declared to make ‘PAK-DA’ a bomber fighter jet?

a. Russia b. India c. Pakistan d. China

15. Airlander – 10, world’s largest aircraft developed by Hybrid Air Vehicles. Hybrid Air Vehicles is a company from_____. a. U.K. b. U.S.A.

c. Canada d. None of these 16. Maitri is a defence exercise between India and which of the following country?

a. Thailand b. Sri Lanka c. Bangladesh d. None of these 17. Match the following: I. IFC Washington D.C.

II. UNESCO Paris III. OPEC Vienna IV. OECD Paris a. All are true b. I and II are true

c. II and III are true d. None of these 18. Rampal electric Power Plant is established by India and which of the following country?

a. Nepal b. Bhutan c. Bangladesh d. None of these 19. World Humanitarian Day is celebrated on_____.

a. August, 19 b. August, 20 c. August, 6 d. None of these 20. What is the position of India in Global Innovation India released by France- based International business

school INSEAD and World Intellectual Property Organisation (WIPO)? a. 66th b. 55th

c. 109th d. None of these 21. Match the following: I. WIPO Geneva II. WEF Geneva III. UNEP Nairobi IV. UNIDO Vienna

a. All are true b. I and II are true c. II and III are true d. None of these

22. Michael Phelps, a swimmer retired from the game, wins 5 Gold in Rio Olympics. He belongs to which of the following country? a. Australia b. Japan

c. U.S.A. d. None of these 23. India ranks which of the following in Asia-Pacific on fixed broadband according to the report released by

UNESCAP?

AUGUST 2016

a. 39th b. 40th c. 50th d. 100th 24. The world’s longest and highest Glass – Bottoms Bridge will open in which of the following country? a. China b. Japan c. India d. None of these 25. Match the following: Country Currency I. Syria Pound II. Egypt Pound III. Indonesia Rupiah IV. Thailand Baht

a. All are true b. I and II are true c. II and IV are true d. None of these

26. India assisted Afghanistan for renovating “Star Palace”. Star Palace is situated in which of the following city? a. Kabul b. Quetta c. Islamabad d. None of these 27. S. R. Nathan passes away recently. He was the prime minister of which of the following country?

a. Singapore b. Italy c. India d. None of these 28. President Pranab Mukherjee launched “Akashvani Maitree Channel” and its multimedia website for listeners

in___________. a. Bangladesh b. Bhutan

c. Nepal d. None of these 29. JNPT (Jawaharlal Nehru Port Trust) signs ECB (External Commercial Borrowing) Agreement worth $400

with Development Bank of Singapore and _______. a. State Bank of India b. Punjab National Bank c. Bank of Baroda d. None of these

30. Match the following: I. UNESCO Paris II. UNIDO Vienna III. OPEC Vienna IV. OECD Paris a. All are true b. I and II are true

c. II and IV are true d. None of these 31. India & which of the following country has signed a pact for vocational training?

a. Germany b. U.K. c. U.S.A. d. Japan 32. Which of the following country will host the 19th SAARC summit?

a. Pakistan b. Bhutan c. Nepal d. None of these

33. Who has been bestowed with the UEFA best player in Europe award for 2016? a. Cristiano Ronaldo b. Lionel Messi c. Antoine Griezmann d. Gareth Bale

34. “Operation Euphrates Shield” has been launched by which of the following country in Syria to end state of Iraq and Syria (ISIS) rule? a. Jordon b. Israel c. Turkey d. None of these

AUGUST 2016

35. ISRO conducts successful test launch of scramjet engine. India enters in the group which has scramjet technology after Russia, Europe and______. a. U.S.A. b. Japan c. Canada d. None of these

36. CPEC is in news recently. What is the full form of CPEC? a. China- Pakistan Economic Corridor b. Comprehensive Partnership of economic co-operation

c. China – Pakistan Environment Corridor d. None of these

37. In which of the following country, world’s first self driving taxis are launched? a. Singapore b. U.S.A. c. Canada d. None of these

38. LEMOA (Logistics Exchange Memorandum of Agreement) is a pact between India and which of the following country?

a. U.S.A. b. Canada c. China d. Russia 39. Who of the following is a selected as a winner of European player of the year 2016?

a. Cristiano Ronaldo b. Lionel Messi c. Malcolm Dal d. None of these

AUGUST 2016

STATE NEWS 1. “Khusboo Gujarat ki”, a new scheme launched by government of Gujarat for the Upgradation of which

sector? a. Agriculture b. Perfume Industry

c. Tourism d. None of these 2. Which of the following state bags maximum National Tourism awards? a. Kerala b. Tamil Nadu c. Madhya Pradesh d. None of these 3. Which of the following state becomes first state of India to approve sewage & waste water policy? a. Rajasthan b. Uttar Pradesh c. Madhya Pradesh d. None of these 4. Who of the following is appointed as a new chief minister of Gujarat? a. Vijay Rupani b. Purushottam Rupala c. Nitin Patel d. None of these 5. Mahim Bora died recently. He was a writer of which language? a. Assamese b. Telugu c. Hindi d. None of these 6. Which state government has recently launched a new website of the state home department to enable

differently-abled persons to see and hear the website? a. Odisha b. Assam c. Uttar Pradesh. d. None of these 7. Prime minister Narendra Modi launched Mission “Bhagiratha” with an objective to provide safe drinking

water to all. The scheme is launched by which state? a. Telengana b. Andhra Pradesh c. Uttar Pradesh d. None of these 8. Varistha Bunakar Sahayata Yojana, a special assistance scheme for elderly weaver is launched by which

state? a. Odisha b. Gujarat c. Uttar Pradesh d. None of these 9. Match the following:

I. Bhagiratha Mission Telengana II. Quit India Movement-2 Maharashtra III. Fat Tax Kerala IV. Baristha Bunkar Sahayata Yojana Odisha a. All are true b. I and II are true c. II and III are true d. None of these

10. Which of the following state government launches operation Muskan-II for missing children? a. Odisha b. Uttar Pradesh c. Madhya Pradesh b. None of these

11. World Trade Centers is launched in which of the following Indian city which got connected with 340 World Trade Center situated in 90 countries? a. Jaipur b. Pune

c. Bengaluru d. None of these 12. Mahanadi Water issues is in news recently. Mahanadi Water issue related to which of the following state?

a. West Bengal & Odisha b. Odisha & Chhattisgarh c. Chhattisgarh & West Bengal d. None of these 13. First commercial court is established in which of the following state?

a. Chhattisgarh b. Uttar Pradesh

AUGUST 2016

c. Madhya Pradesh b. None of these 14. The Union Agriculture Ministry has launched CMRS (Crop Manage for Rice-based System) app for farmers

in which of the following state? a. Rajasthan b. Bihar c. Uttar Pradesh d. Madhya Pradesh 15. Which of the following state launches Rhino horn verification process?

a. Assam b. Manipur c. Uttar Pradesh d. Madhya Pradesh 16. Which of the following state is the first in India to ratify GST Bill 2014?

a. Assam b. Madhya Pradesh c. Uttar Pradesh d. None of these 17. In which of the following state, India’s first facility to produce nickel launched by HCL (Hindustan Copper

Limited)? a. Jharkhand b. Assam c. Uttar Pradesh d. Madhya Pradesh

18. In which of the following state, India’s first BIO-CNG plant inaugurated? a. Maharashtra (Pune) b. Uttar Pradesh

c. Madhya Pradesh d. None of these 19. Which of the following state has constituted a committee for the discovery of ‘Sanjivani Buti’?

a. Himachal Pradesh b. J&K c. Uttarakhand d. None of these 20. Which of the following city hosted BRICS women parliamentarians’ forum meet?

a. Jaipur b. Delhi c. Pune d. None of these 21. Match of the following: Governor State I. V. P. Singh Badnore Punjab II. Banwarilal Purohit Assam III. Najma Neptulla Manipur

a. All are true b. None of these c. I and II are true d. II and III are true 22. Which of the following state becomes the first to draft law for internal security?

a. Maharashtra b. Uttar Pradesh c. Madhya Pradesh d. None of these

23. Udaipur declaration is in news recently this declaration is related to which subject? a. Disaster Management b. Financial Stability c. Trade Facilitation d. None of these 24. Which of the following state becomes first state to sign MoUs (Memorandum of Understandings) with the

union civil Aviation Ministry and Airport Authority of India (AAI) to develop to airports as part of the centre’s Regional Connectivity scheme? a. Maharashtra b. Uttar Pradesh

c. Madhya Pradesh d. None of these 25. Which of the following state have signed agreement for three irrigation projects to be constructed on

Godavari, Panchita and Painganga? a. Maharashtra & Telengana b. Maharashtra & Andhra Pradesh

c. Telengana & Odisha d. None of these 26. Which of the following becomes the first state to launch DNA profiling of criminals?

AUGUST 2016

a. Andhra Pradesh b. Uttar Pradesh c. Madhya Pradesh d. None of these 27. In which of the following place, union Government inaugurates new IIT?

a. Dharwad b. Pune c. Lucknow d. None of these

28. Maharashtra Government unveils super communication Express way Project between__________. a. Mumbai – Nagpur b. Mumbai - Pune c. Mumbai – Delhi d. None of these

29. South India’s first Children court inaugurated in which of the following city? a. Hyderabad b. Bangalore c. Pune d. None of these

30. South India’s first Children court inaugurated in which of the following city? a. Hyderabad b. Bangalore c. Pune d. None of these

31. SAUNI Project is in news recently. This project is started in which of the following district of Gujarat? a. Jamnagar b. Ahmedabad

c. Surat d. None of these 32. As per 2011 census of India, the most dense populous state of India_______.

a. Bihar b. Uttar Pradesh c. Madhya Pradesh d. None of these

AUGUST 2016

SPORTS NEWS 1. Novak Djokovic wins Rogers Cup men’s from Japan. Rogers cup is associated to which sports?

a. Tennis b. Infrastructure c. Agriculture d. None of these 2. Who of the following may be the youngest Olympian at Rio Olympic? a. Radhika Singh b. Gaurika Singh c. Saina Nehwal d. None of these 3. Who of the following may be the youngest Olympian at Rio Olympic? a. Radhika Singh b. Gaurika Singh c. Saina Nehwal d. None of these 4. Which of the following game to come back at 2020 Tokyo Olympic? a. Baseball b. Cricket c. Tennis d. None of these 5. Who of the following Indian lady formally elected as an individual member of the International Olympic

committee (IOC)? a. Chanda Kochhar b. Shikha Sharma c. Nita Ambani d. None of these 6. Which of the following is/are true about Rio Olympic? I. Theme of Rio Olympic is “world peace & environment”. II. Motto of Rio Olympic is “A new world”. a. All are true b. I is true c. II is true d. None of these 7. Who of the following wins Commonwealth Chess championship 2016 held in Colombo? a. Abhijit Gupta b. Viswanathan Anand c. Nico Roseberg d. None of these 8. Match the following: I. Lalita Babar Steeplechase II. K. Srikanth Badminton III. P V Sindhu Badminton IV. Vikash Krishnan Boxing

a. All are true b. I and II are true c. II and IV are true d. None of these 9. Dipika Pallikal wins PSA Australian Open held in Melbourne. Dipika Pallikal related to which of the

following sports? a. Squash b. Cricket

c. Tennis d. Badminton 10. P V Sindhu is in news recently. She belongs to which of the following game?

a. Badminton b. Cricket c. Chess d. None of these 11. Sakshi Malik wins bronze medal in Rio Olympic. Sakshi Malik is related to which of the following sport?

a. Wrestling b. Badminton c. Boxing d. None of these 12. Who of the following athlete becomes first athlete to win 9 gold medals in sprinting events of Olympics?

a. Usain Bolt b. Michael Phelps c. Asafa Powell d. None of these 13. Match the following: I. Saurav Ghosal Squash

AUGUST 2016

II. Neeraj Chopra Athletics III. Atanu Das Archery IV. Dipa Karmakar Gymnast a. All are true b. I and II are true

c. II and III are true d. None of these 14. Brazil wins Olympic football gold after defeating which of the following country?

a. Germany b. France c. U.S.A. d. None of these 15. P V Sindhu wins silver medal at Rio Olympics. P V Sindhu lost final match to Carolina Marin. Carolina

Marin belongs to which of the following country? a. Spain b. Switzerland

c. U.S.A. d. None of these 16. Which of the following is/are true about Olympic 2016?

I. Next Olympic will be held in Tokyo in 2020. II. India’s position in medal tally in 66th. III. USA tops medal tally with 116 medals a. All are true b. I and II are true c. II and III are true d. None of these

17. Tillakaratne Dilshan retired from his international cricket. He belongs to which country? a. Sri Lanka b. Bangladesh c. India d. None of these 18. National Sports Day is celebrated on ________. a. 29th August b. 28th August c. 21st August d. None of these 19. Duleep Trophy related to which of the following game?

a. Cricket b. Tennis c. Chess d. None of these 20. Who of the following is appointed as Chief of Review committee on Rio Olympic Debacle?

a. Abhinav Bindra b. Sakshi Malik c. P.V. Sindhu d. None of these

21. Yogeshwar Dutt’s bronze medal converted into silver medal after Besik kudukhov found guilty of using banned substances in London Olympic. Besik Kudukhov belongs to which of the following country? a. Russia b. U.S.A. c. Canada d. None of these

22. Which of the following cricket team makes a world record of scored highest run in a one day inning recently? a. England b. Pakistan c. Australia d. None of these

AUGUST 2016

ECONOMY NEWS 1. SMILE is a programme launched by central government to boost which of the following sector?

a. Manufacturing b. Infrastructure c. Agriculture d. None of these 2. Union Finance minister launched a fund of funds with total corpus of Rs.12000 Crore. The funds are Rs. 2000

Crore for Indian Aspiration Fund (IAF) and SMILE (SIDBI Make in India Loan for Enterprises) of Rs. _________. a. Rs. 10000 Crore b. Rs. 5000 Crore

c. Rs. 2000 Crore d. None of these 3. Which of the following is not a Monetary Policy instrument? a. Open Market Operation b. SLR c. CRR d. Public Debt 4. Which of the following is a debt instrument of Central Government?

a. SLR b. CRR c. Bank Rate d. None of these 5. SBI offers new loan schemes for government employees named as SBI Privilege Home Loan and______.

a. SBI Shaurya Home Loan b. SBI Suvidha Home Loan c. SBI Mingle Home Loan d. None of these 6. Large Industrial houses, whose income from non-banking sources is over 40% of total will not be eligible to

set up a universal bank (Private Bank) in the country, the RBI said recently. However they are allowed to pick up _____stake in Banks. a. 10% b. 15%

c. 21% d. None of these 7. Which of the following is/are true about GST (Goods & Service Tax)?

I. It is an Indirect Tax II. It consists of Excise Duty, VAT, Service Tax and Sales Tax.

III. It comes into force after 122th amendment in constitution. a. All are true b. None of these c. I and II are true d. II and III are true 8. Which of the following is/are true about Private Banks?

I. Minimum Capital required to open a Private Bank is Rs. 500 Crore. II. Minimum Capital Adequacy Ratio is 13% for first three years. III. Groups with total assets of Rs. 5000 Crore or more and non financial income below 40% of the total

income are eligible. a. All are true b. I and II are true c. II and III are true d. None of these 9. Index of Industrial Production (IIP) is released by which organization?

a. CSO (Central Statistics Organization) b. RBI c. SEBI d. None of these

10. LAF is a policy administered by RBI. In LAF, L Stands for______. a. Liquidity b. Long

c. Liability d. None of these 11. Match the following: I. DRT Debt Restructuring Tribunal II. IIB Inflation Index Bonds III. ETF Exchange Traded Fund IV. AIF Atal Innovation Fund

AUGUST 2016

a. All are true b. I and II are true c. II and III are true d. None of these 12. According to new norms released by RBI about Private Banks (Universal Banks), a bank should list on stock

exchanges within _______ of commencing operation. a. 6 years b. 8 years c. 10 years d. None of these

13. Under provisions of which one of the following acts, the RBI issues directions to the banks in India? a. RBI Act. 1934 b. Banking Regulation Act. 1949 c. Essential Commodity Act. d. None of these 14. BASEL – III norms are associated with which of the following aspects of the banking industry?

a. Risk management b. Manpower Planning c. Corporate Governance d. None of these 15. Which of the following is/are true about GST (goods & service tax)? I. Rate of GST is 18% II. GST is of two types, one central GST and another state GST III. Aseem Das Gupta is the Chief of committee on GST a. All are true b. I and II are true c. II and III are true d. None of these 16. Match the following: I. NHB New Delhi II. IDBI Mumbai III. MUDRA Bank New Delhi IV. Bandhan Bank Kolkata

a. All are true b. I and II are true c. II and III are true d. None of these

17. According to the Regional Rural Act 2015, the cap on authorized capital of RRBs has now been raised from Rs. 5 Crore to ___________.

a. Rs. 2000 Crore b. Rs. 500 Crore c. Rs. 100 Crore d. None of these 18. The first ATM was set up in Mumbai in 1987 by ______. a. HSBC Bank b. ICICI Bank c. HDFC Bank d. None of these 19. Goods and Service Tax (GST) will be implemented from _____. a. April 2017 b. April 2018 c. April 2019 d. None of these 20. Central government plans to provide an online platform to help resolve concerns of SEZs (Special Economic

Zones). What is the MAT (Minimum Alternative Tax) on SEZs at present? a. 18.5% b. 19% c. 15% d. None of these 21. National Payment Corporation of India (NPCT) which was launched Rupay Card, is administered by

_____________. a. RBI b. IBA c. SEBI d. Both (a) and (b) 22. Security Printing and Minting Corporation of India Limited (SPMCIL) has four mints in India. These four

government mints are situated in ___________________. a. Mumbai, Dewas, Mysore, Delhi b. Mumbai, Kolkata, Hyderabad and Noida c. Mumbai, Nasik, Mysore, Delhi d. None of these

AUGUST 2016

23. All those persons who are engaged in selling on marketing mutual fund products are required to obtain certification from _________.

a. NIA b. IRDA c. AMFI d. None of these 24. The term which is used to describe a situation to decrease in the general price of goods and services is ____ a. Stagflation b. Stagnation c. Deflation d. None of these 25. How much percentage of 5-year Consumer Price Inflation (CPI) target has been set by Union Government

under monetary policy frame work? a. 4% b. 5% c. 10% d. None of these 26. Consider the following statement about MUDRA Bank. I. HQ of MUDRA Bank is situated in New Delhi II. Credit guarantee fund under MUDRA Yojana is of worth Rs. 3000 Crore.

a. All are true b. I is true c. II is true d. None of these

27. RIDF (Rural Infrastructure Development Fund) is administered by _________. a. NABARD b. MUDRA Bank c. RBI d. None of these 28. The “Shishu Scheme’ under the Pradhan Mantri Mudra Yojana (PMMY) offers maximum loan up to _____ a. Rs. 1,00,000 b. Rs. 50,000 c. Rs. 3,00,000 d. None of these 29. IDF is a debt instrument set up by the finance ministry in order to channelize long term funds into

infrastructure projects which require long-term stable capital investments. The alphabet “F” in the abbreviation IDF stands for __________.

a. Finance b. Fund c. Fiscal d. None of these 30. The ratio of deposits in current and saving accounts to total deposits of a bank is known as ____ a. CRAR b. CASA Ratio c. NPA Ratio d. None of these 31. IDFC (Infrastructure Development Finance Company) gets a license of __________.

a. Payment Bank b. Small bank c. Private Bank d. None of these

32. Who of the following is the head of MPC (Monetary Policy Committee)? a. RBI governor b. Finance minister c. Finance secretary d. None of these 33. Central government announced the inflation target at 4% +/-2 percent through to _______. a. 2020 b. 2018 c. 2019 d. 2021 34. The “Bank Rate” is periodically announced by the ________. a. Indian Banks Association b. SBI c. RBI d. None of these 35. Which of the following is the minimum lending rate which the banks can charge their customers? a. Reverse Repo rate b. Repo rate c. MCLR d. Bank rate 36. According to RBI guidelines, Payment banks are not permitted to __________________.

a. set up braches/ATMs b. undertake utility bill payment services

AUGUST 2016

c. issue debit cards d. None of these 37. The segment of money market which pertains to day-to-day funds requirements of the bank is known as

___________. a. Call money market b. Capital market c. Mutual fund market d. Equity funds market 38. The minimum permissible investment in the Sovereign Gold Bonds 2015 is 2gm and the maximum buying

limit is ______. a. 500 gm b. 200 gm c. 1000 gm d. None of these 39. The newly launched PMKSY scheme with an allocation of Rs.50, 000 Crore. spread over a period of five

years, aims to achieve a holistic development of ________. a. Rural housing b. Village infrastructure

c. Health & sanitation d. Irrigation & Potential 40. The interest rates on the senior citizens saving scheme for the financial year 2015-17 has been enhanced to

_____. a. 8.6% b. 8.2% c. 8.9% d. 8.1% 41. Non-Banking Financial intermediaries that provide services similar to traditional commercial banks outside

the regulatory control of the central banks know as the _________. a. Local area bank b. Payment banks c. Small banks d. Shadow banks

42. IAF (India Aspiration Fund) and SMILE (SIDBE Make in India loan for Enterprises) are two fund created under which organization?

a. RBI b. SIDBI c. NABARD d. MUDRA BANK 43. Many times we read about MCLR (Marginal Cost of fund based Lending Rate) in newspaper. It replaced

Base rate system of RBI. MCLR system was affected from _________. a. April 1, 2016 b April 1, 2016 c April 1, 2013 d. None of these

44. RBI holds rates unchanged on inflation concerns in third Bi-monthly monetary policy. Central Government set up a committee called MPC (Monetary Policy Committee) which will decide rates in next monetary policy review.MPC will come into effect from _______. a. October 2016 b. January 2017 c. April 2017 d. None of these

45. According to RBI, GDP growth rate of India in 2016-17 will be _________. a. 7.6% b. 8% c. 9% d. None of these

46. In India which of the following organization is responsible for the regulation of Micro Finance Institution of India? a. SEBI b. RBI c. MUDRA Bank d. NABARD

47. The market in which long term financial securities such as stocks and bonds are bought and sold is called _______. a. Money Market b. Capital Market c. Bank Market d. None of these

48. Which of the following is a money market instrument? a. Fixed Deposit b. Debentures c. Bonds d. Commercial Papers

49. Alternative Investment Funds (AIFs) which are registered in SEBI, are exclusively for ___________. a. Start-Up b. Manufacturing Industry

AUGUST 2016

c. Infrastructure Industry d. None of these 50. GSTN is in news recently. What is the full form of GSTN?

a. Goods & Service Tax Network b. Goods & Service Tax Nationally c. Goods & Service Tax Net d. None of these 51. Which of the following agency is responsible for the regulation of NBFCs (Non-Banking Finance

Companies)? a. RBI b. SEBI

c. NABARD d. None of these 52. Which of the following private banks is the first private bank which will announced IPO (Initial Public

Offering) in a decade? a. RBL Bank b. DSB Bank c. NABARD d. MUDRA BANK 53. Match the following: I. ETF Exchange Traded Fund II. IIB Inflation India Bonds III. NCGTC National Credit Guarantee Trustee Company IV. CGTMSE Credit Guarantee Trust Fund for Micro Small Enterprise a. All are true b. I and II are true

c. II and III are true d. None of these 54. Which of the following bank has launched “Thought Factory” an innovation lab facility aimed at accelerating

the development of innovative technology solution for the banking sector? a. Axis Bank b. State Bank of India

c. ICICI d. None of these 55. Micro Finance institutions registered as non-banking finance company are regulated by ________.

a. Reserve Bank of India b. SEBI c. MUDRA Bank d. SIDBI

56 Seeking to guard investor returns from excessive exchange rate movements, RBI governor has recently stated that a move towards an inflation target of 4.5% will help contain volatility in the _____________.

a. Currency Market b. Capital Market c. Money Market d. None of these 57. Union Cabinet approves liberalization of FDI (Foreign Direct Investment) norms for NBFCs (Non-Banking

Finance Company). Which of the following agency is responsible for the regulation of NBFCs in India? a. Reserve Bank of India b. SEBI c. PFRDA b. None of these

58. Union Government constitutes which of the following committee to review e-Commerce rules? a. Amitabh Kant Committee b. I. V. Ishwar Committee

c. Sudarshan Sen Committee d. None of these 59. Match the following:

I. PMFBY Crop Insurance Scheme II. PMUY For LPG Connection Scheme III. e-NAM Online Agriculture Mandi IV. PMKVY Skill Development Program

a. All are true b. I and II are true c. II and IV are true d. None of these 60. The Government of India has recently launched PMKKKY which will work for welfare of areas and people

affected by ___________. a. Mining Activities b. Natural Calamities

AUGUST 2016

c. Insurgency d. None of these 61. Which of the following Government schemes is launched with an aim to achieve convergence of investments

in irrigation at the field level, expand cultivable area and improve on farm water use efficiency? a. PMKKKY b. PMKSY c. PMFBY d. None of these 62. Economic Survey is released by which organization / ministry every year? a. RBI b. Ministry of Finance c. Ministry of Commerce & Industry d. None of these 63. Which of the following is the principal financial institution for the promotion, financing and development of

the MSME sector in India? a. SIDBI b. SEBI c. NABARD b. None of these

64. Match the following: I. NSQF National Skill Qualification Framework II. UEBA Universal Electronic Bank Account III. UPI Unified Payment Interface IV. IAF India Aspiration Fund

a. All are true b. I and II are true c. II and IV are true d. None of these 65. Which of the following is not insured by Deposit Insurance and Credit Guarantee Corporation (DICGC) with

eligible banks? a. Deposit in NBFCs b. Fixed Deposit c. Saving Deposit d. None of these

66. According to the revised RBI guidelines, loan to Food & Agro processing units will now form a part of _____________.

a. Micro Finance b. Agriculture Lending c. MSME Lending d. None of these 67. The recently launched PMFBY is a __________. a. Life Insurance Scheme b. Accident Insurance Scheme c. Health Insurance Scheme d. Crop Insurance Scheme

68. What is/are the purpose of the “Marginal Cost of Funds based Lending Rate (MCLR)” announced by RBI? I. These guidelines help to improve the transparency in the methodology followed by banks for

determining the interest rates on advances. II. These guidelines help ensure the availability of bank credit at interest rates which are fair to the

borrowers as well as the banks. a. I is true b. II is true

c. both (a) & (b) d. None of these 69. The term SWIFT is used in financial world. The alphabet ‘S’ in the abbreviation SWIFT stands for? a. Systematically b. Seriously c. Surcharge d. Society 70. The SDR are the supplementary foreign exchange reserve assets defined and maintained by IMF. What does

IMF stands for? a. International Monetary Fund b. Indian Monetary Fund c. Indian Money Fund d. None of these 71. What is the minimum initial deposit required for opening a Basic Saving Bank Deposit Account (BSBDA)?

a. Rs. 100 b. Rs. 1000

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c. Zero d. None of these 72. What is the maximum period for which a Sovereign Gold bond can be opened? a. 8 years b. 5 years c. 10 years d. None of these 73. Match the following: I. USSD Unstructured Supplementary Service Data II. NACH National Automated Clearing House III. UPI Unified Payment Interface

IV. IMPS Immediate Payment Service a. All are true b. I and II are true

c. II and IV are true d. None of these 74. With reference to “Stand-Up India Scheme”, which of the following statement is/are correct? I. its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs. II. it provide for refinance through SIDBI. a. All are true b. I is true c. II is true d. None of these 75. BBB (Bank Board Bureau) is in news recently. Who of the following is the chief of BBB? a. Vinod Rai b. Amitabh Kant c. Shashi Kant Sharma d. None of these 76. What is the MCAR (Minimum Capital Adequacy Ratio) for private banks?

a. 13% b. 15% c. 16% d. None of these

77. BASEL-III will be implemented in India by ________. a. April 2019 b. January 2019 c. April 2016 d. None of these 78. Match the following:

I. SINE SBI II. Masala Bonds HDFC III. Cash against Cheque IndusInd Bank IV. Project Ananya Syndicate Bank

a. All are true b. I and II are true c. II and III are true d. None of these

79. Payment banks are required to invest 75% of their demand deposit in government securities. What is the maximum limit of Demand Deposit accepted by payment banks?

a. Rs. 1 lakh b. Rs. 2 lakh c. Rs. 5 lakh d. None of these 80. Which of the following entity is not included in the list which contains small bank license holders?

a. Capital local area bank Ltd. b. Au FINANCIERS c. Disha Microfinance d. Paytm

81. OMO (Open Market Operation) is a monetary policy instrument of RBI to increase or decrease liquidity in the market. OMO takes place in_______.

a. Money Market b. Capital Market c. Call Market d. None of these 82. Match the following: I. IDF – Infrastructure Debt Fund II. EPOS – Electronics Point of Sale III. ECS – Electronics Cleaning Service

AUGUST 2016

IV. FCNR – Foreign Currency Non-Resident a. All are true b. I and II are true

c. II and IV are true d. None of these 83. M. B. Shah committee is in news recently. M. B. Shah is related to which sector?

a. Black Money b. Infrastructure c. e- commerce d. None of these 84. Which of the following bank has launched Project Ananya to improve customer service? a. Syndicate Bank b. Punjab National Bank

c. Union Bank of India d. None of these 85. S4A (Scheme for Sustainable Structuring of Stressed Asset) launched by which agency/ministry for

restructuring of stressed debt of companies? a. Reserve Bank of India b. SEBI

c. Ministry of Finance d. None of these 86. NBFC (Non Banking Finance Company) is regulated by which of the following organization? a. Reserve Bank of India b. NABARD c. SIDBI d. None of these 87. Which of the following is the time period for the inflation target which is 4 + 2%?

a. 2021 b. 2020 c. 2019 d. None of these 88. On tap Bank license is a process in which any business houses on person can apply for license at any time.

Who of the following is the chief of bank licensing committee? a. RBI Governor b. Finance Minister

c. Finance State Minister d. None of these 89. Which of the following is the capital required to open a private or universal bank? a. Rs. 500 Crore b. Rs. 1000 Crore c. Rs. 5000 Crore d. None of these 90. MSF (Marginal Standing Facility) is an overnight loan facility from RBI to commercial bank. Which of the

following is the upper limit of loan borrowed by any bank under MSF? a. (SLR – 1%) of NDTL b. (SLR – 2%) of NDTL c. (SLR – 5%) of NDTL d. None of these

91. SLR and CRR are mandatory for any commercial banks in India. They are mandatory under which act? a. RBI Act 1934 b. BR Act 1949 c. Companies Act 1956 d. None of these 92. Match the following: I. S4A RBI II. My Stamp India Post III. ISS NABARD IV. MSME Data Bomb Portal Ministry of Finance a. All are true b. I and II are true c. II and III are true d. None of these 93. BCSBI is an independent and autonomous institution to monitor and ensure that the codes and standards

adopted by the banks are adhered to. What does BCSBI stands for in the financial language? a. Banking Codes and Standard Board of India b. Banking Codes and Standard Bureau of India c. Banking Codes ad System board of India d. None of these

94. Which of the following institutions do not held a banking license?

AUGUST 2016

a. Small Banks b. Payment Banks c. NBFCs d. Commercial Banks 95. What is the maximum term/period of long term deposit as per the Gold Monetization Scheme 2015?

a. 15 years b. 10 years c. 12 years d. None of these 96. According to reports, the 7th pay commission has made a significant recommendation to enhance the ceiling

of gratuity from the existing Rs. 10 lakhs to_______. a. Rs. 20lakhs b. Rs. 25 lakhs c. Rs. 30 lakhs d. None of these 97. Which of the following is not a product of NPCI (National Payment Corporation of India)?

a. NFs b. Rupay Card c. UPI d. Aadhaar Card 98. What is the maximum amount can be invested in Sukanya Samriddhi Account in a year? a. Rs. 1.5 lakh b. Rs. 2 lakh c. Rs. 5 lakh d. None of these 99. The maturity period of Treasury bills issued by Central Government should not be less than 91 days and not

more than __________ date of issue. a. 364 days b. 182 days

c. 450 days d. None of these 100. Committee for the appointment of three members of MPC (Monetary Policy Committee) is headed by_____.

a. Cabinet Secretary b. Finance secretary c. RBI Governor d. None of these 101. Central Government has launched a new system for transparency in online purchasing goods by the

government departments. The new system is called as______. a. E marketplace b. E - government c. E –media Market d. None of these 102. Which of the following agency is not UN (United Nations) Agency?

a. WIPO b. FAO c. IUCN d. None of these

103. Match the following: I. INDC Intended Nationality Determined Contribution II. CPTC Collection & Purity Testing Centre III. FATCA Foreign Account Tax Compliance Act IV. ECS Electronic Clearing System a. All are correct b. I and II are correct c. II and IV are correct d. None of these 104. The situation where the inflation rate falls below zero (0%) percent is described by economist as_____.

a. Deflation b. Disinflation c. Depreciation d. Devaluation 105. BOT is in news recently. What is the full form of BOT?

a. Build, Operate, Transfer b. Build, Operate, Transition c. Build, Open, Transfer d. None of these 106. Which of the following agency has launched UPI (Unified Payment Interface)? a. NPCI b. RBI c. SEBI d. None of these 107. MCLR (Marginal Cost of fund based lending rate) is decided by______.

a. Bank Individually b. RBI

AUGUST 2016

c. SEBI d. None of these 108. What is the Minimum Capital Adequacy Ratio (MCAR) for Payment Banks?

a. 15% b. 13% c. 9% d. None of these

109. What is the premium for Ravi crops in Pradhan Mantri Fasal Bima Yojana (PMFBY)? a. 5% b. 2% c. 1% d. 1.5% 110. RBI has allowed commercial banks to issue Rupee Bonds in overseas market – known as “Masala Bonds”,

both for their capital requirement and for financial infrastructure and affordable housing. What is the full form of PCE? a. Partial Credit Enhancement b. Partial Credit Enlargement c. Partial Credit Equity d. None of these

111. Unified payment Interface (UPI) – a payment application launched by NPCI, by which a recipient can initiate the payment request from a smart phone – has been made operational following final approval from the RBI. Who of the following is the chief of NPCI? a. Abhaya Prasad Hota b. Raghuram Rajan

c. Nitin Patel d. None of these 112. What will be the expected GDP growth rate of India in 2016-17 proposed by Goldman Sachs? a. 7.9% b. 8% c. 9% d. None of these 113. Match the following:

I. VPA Virtual Payment Address II. IDF Infrastructure Debt Fund III. LAF Liquidity Adjustment Facility IV. SWIFT Society for Worldwide Interbank Financial Telecommunication a. All are true b. I and II are true c. II and IV are true d. None of these

114. RBI retains ‘too big to fail’ tag for SBI & ICICI bank. RBI has identified for the first time as the D-SIBs in 2016. What is the full form of D-SIBs? a. Domestic - Systematically Important Banks b. Domestic - Systematically Internal Banks c. Domestic – Systematically International Bank. d. None of these

115. Match the following: I IFRS International Financial Reporting Standard

II. IFSC Indian financial System Code III. VPA Virtual Payment Address IV. NACH National Automated Cleaning House

a. All the true b. I and II are true c. II and III are true d. None of these 116. Monetary Policy Committee is headed by________.

a. RBI Governor b. Ministry of Finance c. Cabinet Secretary d. None of these

117. MCLR (Marginal Cost of Fund Based Lending Rate) system came in to effect from_____. a. April 2016 b. April 201 c. April 2012 d. None of these 118. Lender of the last Report is the another name of which agency?

AUGUST 2016

a. RBI b. SEBI c. SBI d. None of these 119. Match of the following:

I. S4A RBI II. SINE SBI III. NAPS Skill Development IV. *99# UBI a. All are true b. I and II are true c. II and IV are true d. None of these

120. Deposits under Foreign Currency Non Resident (FCNR) scheme can be accepted for a minimum period of ____. a. 1 year b. 2 years c. 6 months d. None of these

121. Fiscal policy is concerned with which of the following? a. Public Revenue & Expenditure b. Issue of currency c. Export & Import d. None of these

122. India has different categories of commercial banks, which of the following is not a commercial bank? a. Foreign Banks b. Commodity Banks c. Nationalized Banks d. Co-operative Banks

123. The maximum amount that can be remitted through RTGS (Real Time Gross Settlement) is______. a. Rs. 1 Crore b. Rs. 2 lakh c. Rs. 1 lakh d. None of these

124. Which of the following is known as “Demat Account”? a. Account in which shares are held in electronic form. b. Other than those given as option. c. Account opened with zero balance. d. None of these

125. The rate at which domestic currency can be converted into a foreign and vice-versa is known as __________. a. LIBOR b. Base Rate c. Exchange Rate d. None of these 126. Balance in a current account is classified as_______.

a. Hybrid Deposit b. Term Deposit c. Flexi Deposit d. None of these

127. Which one of the following is not a monetary tool of RBI? a. Reserve Repo Rate b. SLR c. Inter Bank Rate d. Repo Rate 128. Which of the following is/are true about UPI (Unified Payment Interface)?

I. UPI is established by NPCI. II. Minimum 50 Rupees and maximum one lakh rupees can be transferred through UPI app in a day. III. The UPI will be going live with 21 banks in the first phase. a. All are true b. I and II are true c. II and III are true d. None of these

129. RBI asks banks to extend loans to women SHGs at 7% interest rate. What is the full form of SHGs? a. Self Help Groups b. Self Health Groups c. Swaya Help Groups d. None of these

130. RBI has directed banks to provide loan up to Rs. 3 lakh at 7% to SHGs under which scheme? a. NRLM - Aajeevika b. Mission Indradhanush c. NULM d. None of these

131. Which of the following committee is constituted by ministry of finance to suggest steps to promote card payments? a. Ratan P. Watal b. N.K. Singh

AUGUST 2016

c. M.B. Shah d. None of these 132. BC SBI is an autonomous and independent body set up by the _______.

a. RBI b. SEBI c. TRAI d. None of these

133. As per the RBI guidelines, the white Label ATM operators are required to maintain at all times minimum net worth of _________. a. Rs. 100 Crore b. Rs. 500 Crore c. Rs. 200 Crore d. None of these

134. Match the following: I. VPA Virtual Payment Address II. FCCB Foreign Currency Convertible Bonds III. FCNR Foreign Currency Non-Resident IV. IFSR International Financial Reporting Standard a. All are true b. I and II are true c. II and IV are true d. None of these

135. Through UPI (Unified Payment Interface) maximum amount that can be transferred in a day is_____. a. Rs. 1 lakh b. Rs. 50,000 c. Rs. 10,000 d. None of these 136. Fifth tranche of Gold Bond scheme opens on September 1. What is the maximum amount of gold one can

purchase under this scheme? a. 500 gm b. 1000 gm

c. 100 gm d. None of these 137. Who of the following is the chief of GST (Goods & Service Tax) Council? a. Finance Minister b. RBI Governor c. Prime minister d. None of these 138. Match the following: I. FIPB Foreign Investment Promotion Board II. AQR Assets Quality Review III. PCR Provision Coverage Ratio IV. CDM Cash Deposit Machine a. All are correct b. I and II are correct c. II and IV are correct d. None of these 139. According to RBI guidelines, Payment Banks are not permitted to _________. a. Set up ATMs/Branches b. Issue Debit Cards c. Issue Credit Cards d. None of these