Académique Documents
Professionnel Documents
Culture Documents
Capsule 2016
Dear AC Aspirants,
If You Satisfied with our Capsule mean kindly donate some amount
to BoscoBan.org (Facebook.com/boscobengaluru )
or Kindly Suggest this site to our family members & friends !!!
2|Page
Explanation:
IRB Infrastructure will build Southeast Asia's longest tunnel at Zojila pass in Jammu & Kashmir at an
estimated cost of Rs 10,050 crore to provide all weather connectivity to the Leh-Ladakh region.
8) In January, SEBI slapped Rs 10 lakh fine on which bank?
Ans: Vijaya Bank
Explanation:
Vijaya Bank is registered with SEBI as a debenture trustee. Fine slapped for alleged violation of norms
related to debenture trustee.
9) Which automaker company topped in global vehicle sales in 2015?
Ans: Japanese automaker Toyota Motor Corp.
Explanation:
In the full calendar year 2015, #1 Toyota globally produced 10.08 million units, some 150,000 vehicles
ahead of the 9,930,600 units Volkswagen delivered to customers in the period. General Motors remains 3rdranked with 9.8 million units to its name.
10) Advertising Standards Council of India (ASCI) asked celebrities not to endorse which products
ads?
Ans: Pan masala
Explanation:
Advertising industry body the Advertising Standards Council of India (ASCI) will investigate campaigns by
pan masala brands featuring celebrities for violation of its code in the wake of the Delhi government asking
stars such as Ajay Devgan and Shah Rukh Khan not to promote such items.
11) Which company launched countrys first social digital wallet Udio?
Ans: Digital payment startup TranServ
Explanation:
Udio Wallet integrates a social, community-driven aspect with anytime, anywhere accessibility to digital
P2P (peer-to-peer) transactions via its secure and seamless payment structure, creating a ubiquitous
ecosystem for both consumers and brands.
12) Which Indian industrialist invested undisclosed amount in Tracxn, a startup research platform?
Ans: Ratan Tata
Explanation:
With this investment, Tracxn will join the list of nearly two dozen startups and tech companies that Tata has
backed since 2014. This includes Snapdeal, Ola Cabs, Paytm, Urbanladder, Xiaomi with UrbanClap and
DogSpot among the recent bets.
13) Which Indian industrialist invested in baby care platform, Firstcry?
Ans: Ratan Tata
14) Which Indian industrialist invested in Cashkaro.com, an e-commerce comapny?
Ans: Ratan Tata
15) Which of the following got nod to acquire Goldman Sachs onshore business in India like mutual
funds and exchange-traded funds?
Ans: Reliance Capital Asset Management
Explanation:
Reliance Capital Asset Management, part of the Anil Ambani-led group, said it has got the Competition
Commission of Indias (CCI) nod for acquiring Goldman Sachss onshore business in India like mutual
funds and exchange-traded funds.
Follow Us - FB.com/AffairsCloudOfficialPage
3|Page
16) Which company joined hands with foods giant Mars Inc for agriculture development in the
country?
Ans: Tata Trusts
Explanation:
Tata Trusts, India's oldest philanthropic organisation, along with the $33 billion foods giant Mars Inc will
invest in the country's agri-food sector. The two will work together on agriculture development, malnutrition
reduction and food safety improvement in Asia's third-largest economy.
17) The app Indian Customs-Guide to Travellers has been launched by
Ans: Customs Department
Explanation:
Central Board of Excise and Customs (CBEC) has launched mobile app, namely, 'Indian Customs- Guide to
Travellers'.
The mobile App has been developed by Bengaluru Customs to inform international travelers who may,
inter-alia, be traders/exporters/importers about Customs Baggage rules. The app is available on Android
Play store, Apple Store and Windows Store.
18) Which company acquired online real estate portal Commomfloor.com?
Ans: Quikr
19) Reliance Defence bought which defence companys stake in Pipavav Defence and Offdhore
Engineering Company Limited?
Ans: defence company Saab
20) Which company inked MoU with Andhra Pradesh Government for expansion of states steel plant
Vizianagaram district?
Ans: Steel Exchange India Ltd. (SEIL)
Explanation:
Steel Exchange India Limited has inked a memorandum of understanding with Andhra Pradesh Government
for expansion of its steel plant in Vizianagaram district of Andhra Pradesh.
21) Chinas Alibaba opened its first Indian trade facility centre at
Ans: Jaipur
Explanation:
Alibaba.com, the wholesale trading platform of China's Alibaba Group, today unveiled its first physical
trade facility centre in the country at Jaipur and a Hindi portal, aimed at connecting small and medium
businesses with global buyers.
22) To reduce insurance cost of Indian ship-owners, Centre planned to get four public sector general
insurers to have a new joint venture. These 4 insurers are
Ans: New India Assurance, United India Insurance, National Insurance Company and Oriental Insuarce
Company
Explanation:
To reduce the insurance cost of Indian ship-owners, the Centre plans to get the four public sector general
insurers to float a new joint venture. The venture will exclusively provide cover to ships operating in Indian
and South Asian waters. The Shipping Ministry is spearheading the move to set up the company.
23) Which company acquired US-based firm Magnet 360 for $50 mn?
Ans: Mindtree
Explanation:
Follow Us - FB.com/AffairsCloudOfficialPage
4|Page
Follow Us - FB.com/AffairsCloudOfficialPage
5|Page
31) RBI announced to open bank branches in villages over 5,000 population by
Ans: March 2017
Explanation:
Reserve Bank said every village with a population over 5,000 should have a bank branch by March 2017
and asked the SLBC's to identify such villages without a bank branch in their state.
32) NABARD signed MoU with which institution to monitor Indo-German Watershed Development
Projects?
Ans: National Remote Sensing Centre
Explanation:
National Bank for Agriculture and Rural Development (Nabard) today signed a Memorandum of
Understanding (MoU) with National Remote Sensing Center (NRSC) for web-based monitoring of
watershed projects.
The web-based monitoring of Indo-German Watershed Development (IGWDP) projects will happen in three
states, Gujarat, Rajasthan and Telangana, Nabard said in a statement.
33) Which bank partnered with FINO PayTech to foray into payments bank space?
Ans: ICICI Bank
34) HDFC Standard Life has incorporated its reinsurance arm at which place?
Ans: Dubai
Explanation:
HDFC Standard Life Insurance Company, a subsidiary of Housing Development Finance Corporation
(HDFC), has incorporated a wholly-owned subsidiary in the Dubai International Financial Centre (DIFC).
Called HDFC International Life and Re Company Ltd (HILRCL), it will have an initial capital outlay of
$12.33 million.
35) In January 2016, SBI opened its first branch in which country?
Ans: South Korea
Explanation:
Country's largest lender State Bank of India (SBI) today said it has opened its first branch in South Korea.
The Seoul branch is expected to play an important role in strengthening economic partnership between the
two nations, the bank's Managing Director B Sriram said.
36) SBI launched SBI E-Smart SME to offer loans to
Ans: e-commerce sellers
Explanation:
Countrys largest lender State Bank of India today announced launch of SBI e-Smart SME to offer easy
working capital to online e-commerce players. The bank has initially tied up with e-commerce major
Snapdeal to offer instant loans to its sellers.
37) Syndicate Bank used which folk art form to popularize financial inclusion?
Ans: Yakshagana
Explanation:
At a time when banks are making efforts to popularise financial inclusion and social security schemes,
Syndicate Bank is all set to use a folk art form Yakshagana to take them to the masses. The bank has
come out with a 10-minute Yakshagana CD in Kannada and Hindi. In Yakshagana, a folk theatre form,
artistes use songs, dance and dialogues to perform.
Follow Us - FB.com/AffairsCloudOfficialPage
6|Page
Follow Us - FB.com/AffairsCloudOfficialPage
7|Page
6) Anil Ambani, Reliance group chairman announced to open Dhirubhai Ambani Centre for
Innovation and Research in
Ans: Bengaluru
Explanation:
Reliance Group Chairman Anil Ambani announced the establishment of Dhirubhai Ambani Centre for
Innovation and Research in Aerospace at Whitefield in Bengaluru.
7) Which company received SEBI nod for mutual fund business?
Ans: Mahindra Asset Management Company
Explanation:
Mahindra Asset Management Company has received markets regulator Sebi's approval for setting up of
mutual fund business.
8) Which company entered mobile gaming platform with mSportz?
Ans: Tech Mahindra
Explanation:
Tech Mahindra Ltd has entered into the mobile gaming entertainment space with the launch of a mobile
gaming live streaming platform mSportz.tv, under its Growth Factory initiative.
9) ________ received geo-tag for authenticity.
Ans: Indian Basmati
Explanation:
Traditional Basmati farmers in India have got a boost with the Intellectual Property Appellate Board (IPAB)
ordering the Geographical Indications Registry to give GI recognition for the aromatic rice.
10) Which institute partnered with Nokia to create tech solutions to enhance Rural Broadband
connectivity?
Ans: IIT-Madras
Explanation:
IIT Madras has partnered with Nokia to create technology solutions that will enhance broadband
connectivity in rural India. Under the three-year partnership, Nokia will fund and provide technological
expertise for research at IIT-M's Center of Excellence for Wireless Technology (CEWiT).
11) Indian Railway Catering and Tourism Corporation (IRCTC) entered into tie up with leading tea
caf chain
Ans: Chaayos
Explanation:
The steaming cup of tea, an inseparable part of any train journey, is going to be tastier and customized in
choicest flavours with Indian Railway Catering and Tourism Corporation (IRCTC) entering into a tie up
with leading tea cafe chain Chaayos.
12) According to CRISIL, India is likely to grow at ____ in 2016-17.
Ans: 7.9%
Explanation:
As per the rating agency Crisil's latest report, GDP is expected to grow by 7.9 per cent in 2016-17 as against
7.6 per cent in the previous fiscal if "monsoon is normal and global situation does not deteriorate from here".
13) Which company hiked its stake in Reliance Life?
Follow Us - FB.com/AffairsCloudOfficialPage
8|Page
Follow Us - FB.com/AffairsCloudOfficialPage
9|Page
10 | P a g e
11 | P a g e
12 | P a g e
7) For electrification of Lalitpur-Udaipura rail section, Indian Railways signed agreement with?
Ans: Bajaj Power
Explanation:
Bajaj Power Generation Company has signed an agreement with the Railways for electrification of the
Lalitpur-Udaipura rail section under the public private partnership (PPP).
8) Travel solutions provider Thomas Cook India signed pact with Western Union Business Solutions
and which bank to facilitate international trade payments by MSMEs?
Ans: DCB Bank
Explanation:
This alliance is a pioneering move by Thomas Cook India, to penetrate the high-growth Indian SME
segment for its international trade payment requirements
9) Which company is appointed as consultant by Railways to discover advertising potential of trains
and stations?
Ans: Ernst & Young
Explanation:
Initiating a large-scale significant exercise to identify and leverage pan-India advertising opportunities at
Railway Stations and Trains, Indian Railways has appointed EY in India as Consultant to undertake this job
on its behalf. EY is a global leader in its Assurance, Tax, Transaction and Advisory services.
10) For how much amount, CCEA approved the Pradhan Mantri Ujjwala Yojana?
Ans: Rs 8000 crore
Explanation:
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has
approved Pradhan Mantri Ujjwala Yojana - Scheme for Providing Free LPG connections to Women from
BPL Households. Under the scheme, Rs 8000 crore has been earmarked for providing five crore LPG
connections to BPL households. This Scheme would be implemented over three years, namely, the FY
2016-17, 2017-18 and 2018-19.
11) According to CRISIL, Indias GDP will grow at the rate of
Ans: 7.9%
12) To which country, India will supply 18 Meter Gauge Diesel Electric Locomotives?
Ans: Myanmar
Explanation:
India will supply 18 metre-gauge diesel-electric locomotives to Myanmar to help the country bolster its rail
transportation system.
A contract to this effect was signed on March 4, 2016 at Naypyitaw, Myanmar, between RITES, an Indian
public sector undertaking under the railway ministry and Myanmar Railways
13) French tyre major Michelin tied up with e-commerce company to sell its products?
Ans: Snapdeal
14) Kotak Mahindra Group tied up with which countrys pension plan investment board for
investment in Indian stressed assets?
Ans: Canada
Explanation:
The Kotak MahindraBSE -0.70 % Group has tied up with Canada Pension Plan Investment Board (CPPIB)
to invest in stressed assets in India to take advantage of opportunities that arise as banks clean up account
books of bad assets.
Follow Us - FB.com/AffairsCloudOfficialPage
13 | P a g e
Follow Us - FB.com/AffairsCloudOfficialPage
14 | P a g e
15 | P a g e
33) On Internationals Womens Day, which bank launched Smart Women Advantage plan?
Ans: SBI
Explanation:
To commemorate the International Women's Day, SBI Life Insurance launched 'SBI Life - Smart Women
Advantage' plan that provides for life cover, savings and female-specific critical illness benefits.
34) ICICI Bank launched credit linked subsidy scheme for which loans under Pradhan Mantri Awas
Yojana?
Ans: Home loans
Explanation:
Under this scheme, individuals including women borrowers from the economically weaker section and low
income group will be able to acquire and construct the first brick-and-mortar house of the family by paying
significantly lower equated monthly installments (EMIs)
35) RuPay is set to launch which cards in September this year?
Ans: Credit Cards
Explanation:
After the Rupay Debit Card which belongs to India, NPCI has decided to launch its much-delayed credit
card before the year-end.
36) Which bank inked pact with Indo-Brazil Chamber of commerce for cooperation in knowledge
sharing, skill and technology?
Ans: Yes Bank
Explanation:
Yes Bank has signed a strategic Memorandum of Understanding with India Brazil Chamber of Commerce
(IBCC) to enable significant cooperation in terms of knowledge partnerships, project consultancy, B2B
opportunities, skill and technology initiatives
37) Which international financial institution and India is to set up South Asia Regional Training and
Technical Assistance Center in Delhi?
Ans: IMF
Explanation:
IMF decided to set up a regional training and technical assistance centre in the capital with a view to
enhancing capacity development and training officials in dealing with macro-economic and financial issues.
38) India Post selected which company as consultant for its soon to be set up Payments Bank?
Ans: Deloitte
Explanation:
India Post has selected Deloitte to advise it on setting up a payments bank and an agreement between the
two will be signed on March 14.
39) Which bank tied up with sports car maker Ferrari to launch co-branded credit card?
Ans: ICICI Bank
Explanation:
The 'Ferrari Credit Card' comes in two variants on the Visa platform and offers customers a host of offers
including an all-expenses-paid trip for top spenders to Italy and also includes a Scuderia Ferrari watch as a
joining gift
40) RBI has asked banks to pay interest on savings amount after how much time?
Ans: Every quarter
Explanation:
Follow Us - FB.com/AffairsCloudOfficialPage
16 | P a g e
Explanation:
The mobile payment solution available in the Banks Pockets app, provides improved convenience of
Touch & Pay as customers are no longer required to carry a physical card or cash to pay in stores.
42) SBI partnered with which taxi aggregator to provide its drivers-partners instant vehicle finance?
Ans: Uber
Explanation:
Public sector lender SBI has tied up with taxi-aggregator Uber to provide instant vehicle finance to driverpartners on the latters platform.
The scheme would encourage skilled drivers to overcome liquidity crunch and excess documentation
requirements to become an entrepreneur.
43) Which bank started Indias first G-Sec facility via ATMs?
Ans: IDBI
Explanation:
State-owned IDBI Bank has introduced a first of its kind investment facility that allows a retail customer to
invest in government bonds using the bank's ATM.
44) Which bank became the first bank in the country which started to sell Indian Gold coins?
Ans: Indian Overseas Bank
Explanation:
Bank has tied up with MMTC for the sale of IGC of 24 carat purity. The IGC has the national emblem, the
Ashok Chakra, engraved on one side and the face of Mahatma Gandhi on the other.
17 | P a g e
Follow Us - FB.com/AffairsCloudOfficialPage
18 | P a g e
19 | P a g e
Follow Us - FB.com/AffairsCloudOfficialPage
20 | P a g e
21 | P a g e
Follow Us - FB.com/AffairsCloudOfficialPage
22 | P a g e
23 | P a g e
24 | P a g e
Follow Us - FB.com/AffairsCloudOfficialPage
25 | P a g e
26 | P a g e
40) Which of the following banks has recently started online trade transactions between Indian and
Nepal?
Ans: Nepal SBI
Explanation:
Nepal SBI is one of the largest overseas subsidiaries of SBI. It has started online trade transactions between
Indian and Nepal.
41) According to Moodys, SBI associate banks and Bharatiya Mahila Bank merger with SBI will cost
how much?
Ans: Rs 1,660 crore
Explanation:
SBI had proposed the merger of its associate banks and BMB with it. It will cost Rs 1,660 crore ($250
million) according Moodys. The merger will have limited impact on SBI credit metrics given that SBI
already fully owns SBH and SBP and has majority stakes in the other three associate banks.
42) Countrys largest lender, the State Bank of India has proposed to merge which of the following
public sector bank with itself?
Ans: Bharatiya Mahila Bank
Explanation:
SBI has decided to merge its 5 associate banks and BMB with it and asked for governments approval.
43) Which private sector bank has started a campaign on social media, Twitter to allow the applicants
to sell themselves to become an employee of the bank?
Ans: IDFC Bank
Explanation:
IDFC Bank is now making applying for a new job as simple as sending out a tweet. The country's newest
private sector lender has just rolled out the first-of-its-kind Twitter campaign, #IDFCTwitterResume, where
you can sell yourself in 140 characters and land a job in the bargain. Job openings will be posted on
Linkedin, Twitter & Facebook and the campaign will continue till May 24. Post this date, job seekers can
continue to post resumes using the same hash tag.
44) Countrys largest lender, the State Bank of India has proposed to merge which of the following
public sector bank with itself?
Ans: Bharatiya Mahila Bank
Explanation:
SBI has decided to merge its 5 associate banks and BMB with it and asked for governments approval.
45) Who has been appointed as the head of committee on the Fiscal Responsibility and Budget
Management (FRBM)?
Ans: N K Singh
Explanation:
Centre has constituted 5 member committee on FRBM headed by N K Singh.
46) Which bank has launched its branch called SmartUp for the startups as a part of Startup India,
Standup India Mission?
Ans: HDFC Bank
Explanation:
HDFC Bank, Indias second-largest private sector lender HDFC Bank has launched SmartUp, a dedicated
solution for startups to fulfil all their banking needs.
Follow Us - FB.com/AffairsCloudOfficialPage
27 | P a g e
Explanation:
After the Vijay Malaya case PNB has started moving the passport authorities to ensure that wilful
defaulters do not leave the country without the banks approval.
49) Which bank has been selected by the Tea Board as the new settlement bank for pan-India eauction from sale number 25, which falls on the third week of next month?
Ans: Bank of India
Explanation:
IndusInd Bank, which has been the settlement bank for e-auction for the Rs 17,000 crore tea industry, is set
to lose the status and Rs 8,000 crore business in the process.
50) Saudi Arabia based Islamic Development Bank has announced to open its first branch in India at
Ans: Ahmedabad
Explanation:
It is a part of MoU between Indias Exim bank and IDB during PM Modis visit to UAE in April this year.
IDB is also keen at investing in small and medium enterprises of Gujarat.
51) EBI has instructed the banks to shift from magnetic stripe based ATM and debit cards to _______
chip and Pin based model of cards
Ans: EMV
Explanation:
This is done to ensure protection of cards from cloning, skimming and other forms of frauds which can
happen on a magnetic strip. EMV is Europay, MasterCard and Visa
52) Saudi Arabia based Islamic Development Bank has announced to open its first branch in India at
Ans: Ahmedabad
Explanation:
It is a part of MoU between Indias Exim bank and IDB during PM Modis visit to UAE in April this year.
IDB is also keen at investing in small and medium enterprises of Gujarat.
28 | P a g e
2) Which bank is going to assist India with $200 million to help upgrade 176 km of State Roads in
State of Jharkhand?
Ans: Asian Development Bank
Explanation:
The Asian Development Bank (ADB) and the Government of India signed an agreement for $200 million
new loan to upgrade 176 Kilometers of State roads in State of Jharkhand. The financing for the Jharkhand
State roads II Project will upgrade existing sections of four State roads to two lane standard and will also
support improvements in the design, safety and maintenance of the network.
3) Who is going to acquire L&T General Insurance for Rs 551 crore?
Ans: HDFC Ergo
Explanation:
HDFC Ergo, a joint venture between home loan major HDFC and German insurer Ergo International, has
agreed to buy L&T General Insurance for Rs 551 crore in the first buyout in the country's general insurance
industry.
4) Which bank is going to assist India with $120 million to improve irrigation and water management
infrastructure in Odisha?
Ans: Asian Development Bank
Explanation:
The loan is the second tranche of a $157.5 million financing facility under the Orissa Integrated Irrigated
Agriculture and Water Management Investment Program.
5) Which company won the contract to develop Qatar stadium?
Ans: L&T (Larsen and Turbo)
Explanation:
Infra giant Larsen & Toubro (L&T) and Al Balagh Trading & Contracting's joint venture (JV) has been
appointed the main contractor to build the 40,000-seater Al Rayyan stadium in Qatar.
6) Which bank is going to assist India with $100 million to strengthen key irrigation system and
improve water management in Tamil Nadu?
Ans: Asian Development Bank
Explanation:
Multilateral lending agency Asian Development Bank (ADB) on Wednesday said it has approved a $100
million (around Rs 660 crore) loan to strengthen a key irrigation system and improve water management in
the Vennar sub-basin of Cauvery Delta in Tamil Nadu.
7) World Bank cut global growth forecast to how much percent?
Ans: 2.4%
Explanation:
The World Bank has lowered its forecast for the global growth in 2016 to 2.4 per cent, saying that the world
economy is facing stronger headwinds.
8) To provide loans to Indo-Spanish joint ventures and local enterprises in India, State Bank of India
(SBI) has signed a memorandum of agreement with Spains which bank to enhance business
synergies?
Ans: CaixaBank
Explanation:
As per the agreement, they will expand banks' guarantee transaction businesses by jointly providing credit to
Indian-Spanish joint ventures and Indian local enterprises
The banks will collaborate in areas of mutual interest such as syndicated loan business, guarantee
Follow Us - FB.com/AffairsCloudOfficialPage
29 | P a g e
30 | P a g e
18) Starbucks Coffee Company has partnered with which Indian company for the inclusion of singleorigin coffee from India in its U.S. outlets?
Ans: Tata Group
Explanation:
In a bid to raise their partnership to a new level, Starbucks Coffee Company and the Tata Group have agreed
to take a host of initiatives, including the inclusion of a single-origin coffee from India in its U.S. outlets,
bringing the brand to Vistara airlines and taking Himalayan mineral water to Asia Pacific markets.
19) After when GAAR will be applied on income from transfer of investments?
Ans: After April 1, 2017
Explanation:
In a bid to provide clarity to investors, the Finance Ministry has said the General Anti-Avoidance Rules
(GAAR) will not apply to any income earned or received from transfer of investments before April 1, 2017.
20) Paytm tied up with which company for easy booking of latters two-wheeler models?
Ans: Suzuki Motocycle
Explanation:
India's largest mobile payment and commerce platform Paytm announced its strategic partnership with
Suzuki Motorcycle India Pvt. Ltd. to offer its customers the largest assortment of bike and scooter models
across all transactional platforms in India.
21) EPFO plans to cover all workers under provident fund, pension by the year
Ans: 2030
Explanation:
EPFO aims to cover all the workers in the country under provident fund (PF), pension and life insurance by
2030, the retirement fund body said in its vision document.
The vision document prepared by EPFO mentions objectives such as "universal social security coverage on
mandatory basis by way of provident fund, pension and life insurance for all workers of the country
22) Paytms Payment bank will use which software to provide its services?
Ans: Finacle
Explanation:
Paytm's payment bank will use Infosys' Finacle core banking software to provide its services, the first of
such deals that Infosys has closed since the banking licences were issued last year.
23) Which public sector bank launched an Instant account opening facility in Bengaluru?
Ans: Syndicate Bank
Explanation:
Syndicate Bank has launched an Instant account opening facility in Bengaluru. The main objective of the
redesigned process is to enhance customer experience by reducing the number of visits as well as the time
taken for the account opening process.
Follow Us - FB.com/AffairsCloudOfficialPage
31 | P a g e
32 | P a g e
32) Soon to be set up India Post Payments Bank will have how many branches in the country?
Ans: 650
Explanation:
The communications and IT minister Ravi Shankar Prasad has said that all 650 branches of the payment
bank set up by the department of posts will be established by September 2017.
33) Who is the head of committee which has been made to select the next RBI governor, as present
RBI Governor Mr. Raghuram Rajans term will end in closer to September 2016?
Ans: P K Sinha
Explanation:
The committee route would be in sync with PM Narendra Modi's remark that the appointment is an
"administrative decision" that will be taken closer to September when Rajan's term ends.
PK Sinha is the Cabinet Sectretary.
34) RBI has launched new restructuring tool 'S4A' to raise banks moral hazard risk. What is it?
Ans: Scheme for Sustainable Structuring of Stressed Assets
Explanation:
The communications and IT minister Ravi Shankar Prasad has said that all 650 branches of the payment
bank set up by the department of posts will be established by September 2017. Under a new 'Scheme for
Sustainable Structuring of Stressed Assets' (S4A), RBI allowed banks to take equity in debt laden firms
permitting them to split total loans of struggling companies into sustainable and unsustainable based on the
cash flows of the projects.
35) Which bank has launched Indias first certified green bond at London Stock Exchange (LSE)?
Ans: Axis Bank
Explanation:
Axis Bank raised $500 million at the London Stock Exchange after it launched India's first internationallylisted certified green bond to finance climate change solutions around the world.
36) Which Indian bank has signed an agreement with Thailand's Kasikorn Bank to enhance
cooperation in trade and investment?
Ans: Axis Bank
Explanation:
The MoU will serve to strengthen existing ties between the two banks and will help facilitate and enhance
cooperation in the areas of trade, investment and other businesses The agreement between the two banks
were signed as the Thailand Prime Minister Prayut Chan-o-cha is on a three-day visit to India.
37) Name the US based bank which has become the first bank to issue the first ever credit card to be
used in Cuba?
Ans: Stonegate Bank
Explanation:
Follow Us - FB.com/AffairsCloudOfficialPage
33 | P a g e
Follow Us - FB.com/AffairsCloudOfficialPage
34 | P a g e
Explanation:
In a first-of-its-kind move in the country, Kerala has introduced a fat tax on the consumption of junk food
items like pizzas and burgers sold through branded restaurants.
4) Which bank has lent $290 million for Bihars JEEViKA?
Ans: World Bank
Explanation:
Centre, Bihar government and World Bank today signed a USD 290-million credit agreement to help
improve livelihood opportunities for poor rural households across 300 blocks and 32 districts of the eastern
state.
5) After the BREXIT, IMF cut Euro zone forecast to how much percent for the year 2017?
Ans: 1.4%
Explanation:
The International Monetary Fund (IMF) cut its global growth forecasts for the next two years, citing
uncertainty over Britain's looming exit from the European Union.
6) Which online fashion retailer has acquired Cubeit, a Bengaluru based startup?
Ans: Myntra
Explanation:
As part of the acquisition, the team at Cubeit has been inducted into Myntra to expand Myntras technology
team.
7) Which bank launched a cobranded credit card with Vistara, Indias growing full service carrier?
Ans: Axis Bank
Explanation:
The co-branded card will cater to the needs of corporate and leisure travelers.
8) Which card company changed its logo recently?
Ans: Mastercard
9) Under Make in India initiative, which Indian company signed pact with US based Bell Helicopter
to manufacture helicopters jointly?
Ans: Tata Advanced Systems Ltd
Explanation:
Tata Advanced Systems and US-based Bell Helicopter announced an agreement on Thursday for working
together to manufacture helicopters under Make in India initiative to meet civil and military requirements
10) What is the deadline for tax payment under black money scheme?
Ans: September 30, 2017
Follow Us - FB.com/AffairsCloudOfficialPage
35 | P a g e
12) Which stock exchange is going to set up an international exchange at GIFT city?
Ans: Bombay stock exchange
Explanation:
BSE is planning to trade currency, metals and energy at its upcoming international commodity exchange at
the International Finance Tec-City (Gift City) in Gandhinagar.
13) DRDO has signed MoU with which company to grow medicinal plants in high altitude?
Ans: Dabur
Explanation:
Ayurveda company Dabur India signed a Memorandum of Understanding (MoU) with Defence Research
and Development Organization's (DRDO) Defense Institute of High Altitude Research (DIHAR) to promote
sustainable cultivation of rare medicinal plants in the most difficult terrain in the world, Ladakh.
14) Which ministry has started e-marketplace for goods procurement?
Ans: Commerce ministry
Explanation:
The move is aimed at bringing in more transparency and streamlining the government procurement of goods
and services.
15) To support Digital India campaign, SBI has joined hands with which tech giant?
Ans: Oracle
Explanation:
In a first-of-its-kind joint corporate citizenship collaboration, State Bank of India (SBI) and Oracle India
today launched the 'D-Change' program. The initiative supports Prime Minister Narendra Modi's "Skill
India" and "Digital India" plan and furthers Oracle's commitment to expand within the region.
16) Which foreign motor company is going to set up R&D centre in Tamil Nadu?
Ans: Ford
Explanation:
Ford Motor Company is in the process of setting up a Research and Development (R&D) centre here, the
first such facility to be located outside of the US
17) Which ecommerce company has joined hands with BookMyShow to extend its service offerings?
Ans: Snapdeal
Explanation:
With this partnership, customers can now book tickets for movies on Snapdeal.
18) Which general insurance company has tied up with SVC Bank to enter into bancassurance
business with it?
Ans: HDFC ERGO
Follow Us - FB.com/AffairsCloudOfficialPage
36 | P a g e
Follow Us - FB.com/AffairsCloudOfficialPage
37 | P a g e
27) Which private banks has signed an agreement with Reliance Jio Money for One-Click payment
service?
Ans: Federal bank
Explanation:
Federal bank has signed an agreement with Reliance Jio Money for One-Click payment service. Reliance Jio
money is a wallet application that will be launched soon for mobile devices where Federal bank will enable
a direct payment option for its customers.
28) The Reserve Bank of India imposed how much penalty on Bank of Baroda in the alleged Rs 6000
crore forex related irregularities that came to light in October last year?
Ans: Rs 5 crore
Explanation:
The RBI carried out an inspection after Rs 6,100 crore import remittances were effected by Bank of
Baroda's Ashok Vihar branch in New Delhi.
29) Which of the following banks have become the first banks to join SWIFT's global payments
initiative?
Ans: Axis Bank and ICICI
Explanation:
Global payments leader SWIFT said that ICICI Bank and Axis Bank have become the first domestic lenders
to sign up for its global payments innovation initiative, which already has over 70 other leading banks
globally. The initiative aims to enhance cross-border payments by leveraging Swift's messaging platform
and global reach and in the first phase, the initiative will focus on business-to-business payments.
30) RBI has imposed how much fine on 13 banks for violation of FEMA and lapses in know your
client (KYC) rules?
Ans: Rs 27 crore
Explanation:
The Reserve Bank of India has come down hard on 13 banks and fined them for Rs 27 crore for violation of
FEMA and lapses in know your client (KYC) rules.
31) A payments company OKI installed 600 automatic teller machines with cash recycling abilities for
State Bank of India. OKI has its headquarters in
Ans: Japan
Explanation:
The company which is headquartered in Japan and operates out of Mumbai in India manufactures ATMs
which work with recyclable cash and has both cash acceptance mechanism along with cash dispensing in
their teller machines.
Follow Us - FB.com/AffairsCloudOfficialPage
38 | P a g e
39 | P a g e
3,000 cror
42) Union Government has signed $100 million loan for Climate Adaption in Vennar Subbasin of
Cauvery Delta project in Tamil Nadu with which international bank?
Ans: Asian Development Bank
Explanation:
The financing will be used to strengthen embankments of six major irrigation water channels in the Vennar
system and rehabilitate 13 irrigation pumping schemes
43) RBI asked banks to exchange up to 20 soiled notes for free. The maximum value of these notes can
go up to
Ans: Rs 5000
Explanation:
In an effort to improve customer service, the RBI on Thursday asked banks to exchange up to 20 pieces of
soiled currency notes with a maximum value of
5,000 over the counter free
44) RBI has set up a panel to study the issues relating to Fin Tech and Digital Banking. Name the head
of panel.
Ans: Sudarshan Sen
Explanation:
The Working Group has been set up in view of the growing significance of Fintech innovations, and their
interactions with the financial sector as well as financial sector entities. The Group will review and
appropriately reorient the regulatory framework, and respond to the dynamics of the rapidly evolving
Fintech scenario.
45) Which bank has become the first Indian company to issue masala bonds?
Ans: HDFC
Explanation:
The bond will help HDFC, Indias biggest mortgage lender (home finance company) to diversify its
borrowing profile and access global investors.
Follow Us - FB.com/AffairsCloudOfficialPage
40 | P a g e
46) IndiaFirst Life Insurance partnered with which bank for distribution of its products?
Ans: Nainital Bank
Explanation:
This tie-up will help us provide life Insurance solutions to the customers of the bank and enhance our
distribution footprint in northern India
47) To clean up its balance sheet, SBI signed agreement with which Asset Management company to
form a joint venture?
Ans: Brookfield Asset Management Inc
Explanation:
State Bank of India (SBI) and Brookfield Asset Management Inc. propose to launch a joint venture (JV)
fund to which the Canadian partner has agreed to commit Rs.7,000 crore to purchase distressed assets.
48) Which bank launched Green PIN facility for credit card users?
Ans: Corporation Bank
Explanation:
Corporation Bank has launched a new facility called Green PIN. A press release by the bank said that this
is an online module for generation of Personal Identification Number (PIN) for credit card holders. The
facility enables credit card users to generate PIN online.
49) Which bank organized Coin Exchange Mela during the Ratha Yatra festival in Puri?
Ans: ICICI Bank
Explanation:
ICICI Bank Ltd has organised a coin exchange mela during the Rath Yatra festival at the RBI financial
literacy camp in Bholanath Vidyapith. The mela took place under the guidance of the Reserve Bank of India.
50) For which bank customers TATA AIG launched travel insurance products?
Ans: Axis Bank
Explanation:
Tata AIG General Insurance has launched an integrated travel product, for all Axis Bank customers through
the banks one stop solution called Happy Holidays Package. The package allows Axis Bank customers,
who are travelling abroad to buy Tata AIG travel insurance policy instantly and in a seamless manner from
the banks mobile application.
51) SBI has tied up which oil company to implement its financial inclusion programme for farmers
through Oil Companys KisanSevaKendras?
Ans: Indian Oil Corporation
Explanation:
Under the agreement, SBI will provide access to banking services for the farmers utilising the IOC's kiosks
and also supplement their incomes by earning revenue on banking transactions.
52) SEBI gave nod to which bank to start AMC (Asset Management Company) business?
Ans: YES Bank
Explanation:
YES Bank will become the 44th mutual fund company in the country, provided the bank chooses to launch
its own MF business rather than acquiring the MF assets of any other existing fund house.
Follow Us - FB.com/AffairsCloudOfficialPage
41 | P a g e
Current Affairs
Current Affairs 2016
Current Affairs Today
Current Affairs PDF
Current Affairs Quiz
Current Affairs Mock Test
Study Materials PDF
Reasoning Questions
Quantitative Aptitude Questions
English Questions
Computer Questions
Banking Awareness Questions
General Aptitude
Reasoning
Letter Writing
Math Tricks
Computer Awareness
Follow Us - FB.com/AffairsCloudOfficialPage
42 | P a g e