On 25 August 2016 UPI launched by RBI which revolutionize peer to peer payments in the country, a step closer towards becoming a cashless economy. UPI stands for……
(A) United Payments Interface
(B) Unified Pay Interface
(C) Unique Payments Interface
(D) Union Payments Interface
(E) Unified Payments Interface
Who is the new appointed brand ambassador for Lava International Limited?
(A) Hugh Jackman
(B) MS Dhoni
(C) Farhan Akhtar
(D) Shah Rukh Khan
(E) A. R. Rahman
Which has announced a 0 .05% reduction in its Marginal Cost of funds based Lending Rate (MCLR)?
(A) Axis Bank
(C) ICICI Bank
Who won the Global Indian of the Year 2016 Award?
(A) Shah Rukh Khan
(B) Priyanka Chopra
(C) Hrithik Roshan
(D) Amitabh Bachchan
(E) Aishwarya Rai
Where was the first BRICS Film Festival held in September 2016? (BRICS is a group of five countries – Brazil, Russia, India,China and South Africa)
(A) New Delhi
RBI observed that a major portion of the pre-2005 banknotes have been withdrawn from circulation and only a small percentage of these notes remain in circulation. From 1 July 2016, the facility of exchanging the pre- 2005 banknotes will be available only at……..
(A) Branches of SBI
(C) Few select Offices of RBI
(D) Branches of Foreign banks
(E) Exchange not at all possible
ln the proposed Universal Banks, if the promoter has excess of 40% of the total paid-up voting equity capital, shall be brought down to 40 percent within …………. years from the date of commencement of business of the bank.
Which of the following statements is wrong related to Unified Payments Interface (UPI)?
(A) Currently in order to make payments in online, account number, account type, Bank name and IFSC code etc must be entered.
(B) But once UPI introduced, interface allow account holders across banks to send and receive money from their smart phones using just their Aadhaar number, mobile number or virtual payments address without entering bank account details.
(C) This facility not available to private banks.
(D) To initiate a transaction one can use two types of address – global or local. The bank provides Virtual address similar to e-mail ID.
(E) Virtual address will allow, sending and receiving money from multiple banks and prepaid payment issuers is possible.
Dadasaheb Phalke Film Foundation’s Best Actress of the Year has been awarded to whom among the following?
(A) Priyanka Chopra
(B) Deepika Padukone
(C) Kangana Ranaut
(D) Vidya Balan
(E) Kareena Kapoor
World Bank has approved a ……… credit from the International Development Association (IDA) to support the Sri Lanka’s economic reforms programme.
(A) $10 million
(B) $50 million
(C) $100 million
(D) $120 million
(E) $80 million
The FIDE World Chess Championship will be held in November 2016 in?
(A) Oslo, Norway
(B) New York, USA
(C) Sochi, Russia
(D) Sofia, Bulgaria
(E) Chennai, India
Kakrapar Atomic Power Station is in the news recently. It is in:
(A) Tamil Nadu
(C) West Bengal
FSR released by RBI on 28 June 2016 . It reflects the overall assessment on the stability of India’s financial system and its resilience to risks emanating from global and domestic factors. In; this context, FSR stands for……..
(A) Financial Stability Report
(B) Financial Statics Report
(C) Fiscal Stability Report
(D) Financial Standing Report
(E) Financial Stability Roll
The proposed Universal Banks shall be governed by ……….
(A) Banking Regulation Act, 1949
(B) Reserve Bank of India Act, 1934
(C) Foreign Exchange Management Act, 1999
(D) Payment and Settlement Systems Act, 2007
(E) All of above Acts govern these banks
The RBI has allowed only banks to become Payment Service Providers of UPI service and the Mobile wallets are worrying that their prominence may go away. In this context, which of the following is example for Mobile wallet?
(B) Free charge
(E) All of above are the Mobile wallets
Union Government approved country’s first Metrino Pod Taxi project for which city?
……… Bank tied up with a fintech start-up Fisdom for personal wealth management services.
(A) Axis Bank
(C) ICICI Bank