Banking Awareness Practice Paper for Coming SBI Associates, UPSC, SSC

Banking Awareness Practice Paper Based on Last 2 Months Current Affairs 

1) Which country on August 2014 unveiled plans to issue world's first digital currency ?

1. Russia
2. China
3. Ecuador
4. Australia

2) The military group Boko Haram declared Islamic Caliphate in Gwoza town of

1. Angola
2. Congo
3. Nigeria
4. Chile

3) Select the correct statement in the light of the annual report of the Reserve Bank of India released on August 2014.

1. Risks to medium-term inflation target of 6% by January 2016 exist
2. Fiscal deficit target of 3% of GDP by 2016-17 feasible and reasonable
3. CAD to widen from 2013-14 levels but can be sustained
4. All the above

4) Which of the following public sector banks launched personalised saving accounts for those below 18 years of age namely "Pehli Udaan" and "Pehla Kadam" ?

1. State Bank of India
2. Punjab National Bank
3. Bank of India
4. Central Bank of India

5) As per the report of Reserve Bank of India released. India's current account deficit narrowed sharply to _______in the first quarter of 2014-15 ?

1. $7.5 billion
2. $7.8 billion
3. $8.0 billion
4. $8.5 billion

6) Select the correct statement about the annual report released by the Reserve Bank of India on August 2014.

1. The fiscal deficit target if 4.1 percent of GDP for the year 2014-15 is realisable
2. Indicators such as auto-mobile sales, railway freight traffic, cargo handled at ports and foreign tourist arrivals are pointing to wards some recovery
3. Financial Ministry has taken on a tougher target for tax buoyancy of 1.5 percent
4. All the above

7) The Reserve Bank of India on September 2014 extended the currency risk-hedging facility for foreign portfolio investors to the coupon receipts of their investments in debt securities due in the next

1. 10 Months
2. 11 months
3. 12 Months
4. 13 Months

8) The Cabinet Committee on Economic Affairs (CCEA) gave its approval on September 2014 to the sale of stakes in 

1. Coal India Limited
2. National Hydroelectric Power Corporation
3. ONGC
4. All of the Above

9) According to the data released by the Commerce and Industry Ministry core sector growth in July 2014 was 

1. 2.7 %
2. 3%
3. 4.5%
4. 5%

10) Who among the following was appointed as Executive Director in World Bank on September 2014?

1. R. Sinha
2. Subhash Chandra Garg
3. S. Gopalan
4. M.D. Singh

11) National Thermal Power Corporation Limited (NTPC) paid a total divided at the rate of 57.5 % of its paid-up capital for the financial year 2013-14, amount to

1. Rs. 4459.85 crore
2. Rs. 5233.34 crore
3. Rs. 4741.16 crore
4. Rs. 5657.44 crore

12) Which of the following statement is correct about the new rules announced by the Reserve Bank of India to regulate financing by the Non-Banking Finance Companies (NBFCs) against shares held as collateral ?

1. NBFCs cannot give loans exceeding 50% of value of shares pledged
2. For loans more than Rs. 5 lakh, shares with restricted volatility should be colateral
3. NBFCs with asset size more than Rs. 100 crore should inform online to bourses on shares pledged
4. All the above

13) The Union Government of India approved the ?Integrated Coffee Development Project for developing the Coffee sector in the 12th Five Year Plan. The worth of the project is

1. Rs. 950 Crore
2. Rs. 750 Crore
3. Rs. 900 Crore
4. Rs. 1000 Crore

14) According to a report published in august 2014 the cumulative grid-interactive renewable energy installed capacity in India stood on July 2014 at

1. 31,333 MW
2. 31,133 MW
3. 32,424 MW
4. 35,445 MW

15) Which of the following banks announced that it would issue Employees Stock Option Plan (ESOP) linked to performance parameter ?

1. Bank of India
2. Punjab National Bank
3. State Bank of India
4. Bank of Baroda

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