Current General Awareness-2016 MCQ-65

Rodrigo Duterte assumed office as the President of which of the following countries on June 30, 2016?

(A) Mexico
(B) Philippines
(C) Guatemala
(D) Chile
(E) Honduras

What was the highest denomination note ever printed?

(A) The highest denomination note ever printed by the Reserve Bank of India was the Rs.1OOOO note in 1938 and again in 1954. These notes were demonetized in 1946 and again in 1978.
(B) Rs.500
(C) Rs.1OO
(D) Rs.50
(E) Rs.20

Ekparivar, Ek Bank is the punch line of…….

(A) State bank of Hyderabad
(B) Corporation Bank
(C) Punjab National Bank
(D) Canara Bank
(E) Bank of Maharashtra

Which of the following banks ha-s asked its customers whose accounts are due for KYC update to do so by October 1, failing which it may block all their banking transactions?

(A) Andhra Bank
(B) Central Bank of India
(C) Vijaya Bank
(D) Punjab National Bank
(E) Canara Bank

MIP schemes invest a major portion of the corpus _______.

(A) in debt and money market instruments with a moderate exposure to equity
(B) in agriculture
(C) in defense sector
(D) in charity
(E) None of these

Which of the following country the most unequal major economy in the world?

(A) Canada
(B) Germany
(C) Russia
(D) France
(E) India

Union Government appoints three members to the Monetary Policy Committee (MPC) on the recommendations of a Search-cum-Selection Committee, which will be headed by………..

(A) Cabinet Secretary
(B) Finance Secretary
(C) Principal Secretary to PM
(D) Vice-Chairman, NITI Aayog
(E) Prime Minister of India

Which of the following specialised Financial Institutions has not been created by RBI?

(A) National Bank for Agriculture and Rural Development (NA-BARD)
(B) Deposit Insurance and Credit Guarantee Corporation of India (DICGC)
(C) National Housing Bank (NHB)
(D) d) MUDRA Bank
(E) None of the above

The Business Expectation Index (BEI) is a composite indicator calculated as weighted (share of GVA of different industry group) net response of how many business indicators?

(A) three
(B) nine
(C) five
(D) two
(E) None

Which of the following term refers to the rate at which the scheduled banks can borrow funds overnight from RBI against government securities?

(A) SLR (Statutory Liquidity Ratio)
(B) CRR (Cash Reserve Ratio)
(C) MSF (Marginal Standing Facility)
(D) BR(Bank Rate)
(E) PLR( Primary Lending Rat

Which of the following term is NOT associated with banking/ finance?

(C) Repo Rate
(D) Credit
(E) None of the above

What is Fast Cash?

(A) It is a service which enables you to withdraw your preferred amounts with just a touch on the ATM screen. The options in the denomination of 100, 200, 500, 1000, 2000, 3000,5000, 10,000 are available.
(B) It is a loan
(C) It is free cash
(D) It is a deposit
(E) None of these

A tiny fish species featured with maroon and gold colour discovered near Hawaii has been named after which personality?

(A) Pope John
(B) Obama
(C) Dalai Lama
(D) Mother Teresa
(E) Nelson Mandela

Rate of interest on small savings schemes have been revised by the Central Government on 30th September 2016.Identify the correct option.

(A) The interest on small savings schemes have been cut marginally by 0.1%. The popular National Savings Certificate and Public Provident Fund (PPF) will see their interest rates come down to 8.0% in October – December quarter from 8.1 % in April – July quarter.
(B) The Kisan Vikas Patra will now pay out 7.7% instead of 7.8% and mature in 112 months instead of 110.
(C) Senior citizens deposit scheme will now fetch 8.5%. Interest rate on Monthly Income Account scheme will come down to 7.7% from 7.8% in the previous quarter.
(D) The new rates will come into effect from October 1, 2016 and will remain in force till December 31, 2016. Interest rate for savings deposit remains unchanged at 4%, according to the notification issued by the finance ministry late Thursday.
(E) All the above

Who is the Chairman of the Indian Banks’ Association (IBA) for the year 2015-16?

(A) Aditya Puri
(B) Rajeev Rishi
(C) S.R. Bansal
(D) K.R. Kamath
(E) Ashwani Kumar

The Goods and Services Tax (GST) Council has decided that businesses in rest of India (excluding those in Northeastern and hill states) with annual turnover below ____ would be out of the GST net

(A) Rs.20Lakhs
(B) Rs.1OLakhs
(C) ) Rs.8 Lakhs
(D) Rs.5 Lakhs
(E) None