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2. On which Act, the Income Tax department
will punish the people who will deposit their
unaccounted old currency in some other’s
bank accounts?
Benami Transactions Act,
(If anybody violates this, it will cause them to
pay penalty, prosecution and enforce them to jail
for maximum seven years).

3. According to Ambit Capital, The Indian GDP growth
estimate will be decreased to ______________%
from 7.3 % in the FY’2018 due to demonetization of
currency (Rs.500 & Rs.1000) notes?
5.8%

4. RBI Policy Rates - Latest Update
• Bank Rate (BR): 6.75%.
• Repo rate: 6.25%.
• Reverse repo rate : 5.75 %.
• Cash Reserve Ratio (CRR): 4% of Net
Demand and Time liability (NDTL).
• Statutory Liquidity Ratio (SLR):20.75%.
• Marginal standing facility (MSF): 6.75%

5. How much amount of black money was
disclosed by the Indian Finance Minister under
Income Declaration Scheme in the form of
cash and other assets in 2016?
Rs.65,250 crores.

6. In which year, The currency notes of
value Rs. 5000 and Rs. 10,000 were
demonitized which were introduced in
the year 1954?
January 1978.

7. Name the portal which was launched by the
RBI to curb illegal money by filing
complaints on black money / illegal pooling
of money?
sachet.rbi.org.in

8. Name the three economists who are appointed
to the Monitory Policy Committee by the union
govt.?
1. Chetan Ghate,
2. Pami Dua, and
3. Ravindra Dholakia.

9. Name the mobile app launched by Karnataka
Bank that was built on UPI(Unified Payments
Interface) platform of NPCI (National Payments
Corporation of India)?
KBL-SMARTz

10. RBI has imposed penalty on which four co-
operative banks for violating its norms?
•Co-operative City Bank.
•Indapur Urban Co-operative Bank
•Shri Dadasaheb Gajmal Co-operative Bank.
•Model Urban Co-operative Bank.

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12. What is the ECB (External Commercial
Borrowings) limit set by the RBI (Reserve
Bank of India) for start up organizations for
the maturity period of 3years?
$3 million
(ECB is the amount borrowed from foreign sources to
invest in the commercial activities in India other than
equity capital are called ECBs).

13. Which is the first Indian bank to open
branch in Yangon, the capital city of
Myanmar?
State Bank of India. (This is the 54th overseas
branch of SBI).

14. Which is the social media banking
platform that was launched by State Bank
of India for facebook and twitter users?
.
SBI Mingle

15. Which is the India’s first firm to get debt recast
under RBI’s new Scheme for Sustainable
Structuring of Stressed Assets (S4A)?
HCC ( Hindustan Construction Company).

16. Which is the first bank to introduce software
robotics for power banking operations?
ICICI Bank.

17. Who is the 24th Governor of RBI
appointed in August 2016?
Mr. Urjit Patil.

18. Who was the newly appointed deputy
governor of the Reserve Bank of India (RBI)
in 2016?
NS Viwanadhan.

19. Who is appointed as New Executive Director of the
Reserve Bank of India (RBI) in place of N S
Viswanathan?
Sudarshan Sen.

20. Name the six banks which were got approval to
merge with State Bank of India with itself in August
2016?
1. State Bank of Hyderabad,
2. State Bank of Mysore,
3. State Bank of Travancore,
4. State Bank of Bikaner
5. State Bank of Jaipur, and
6. Bharatiya Mahila Bank (BMB).

21. Which city has been considered as the
wealthiest city in India?
Mumbai ( Total wealth - 820 billion dollars).

22. Which is the most valuable brand of India
in the list of Top 50 valuable brands
report?
HDFC

23. Who is the newly appointed Managing
Director (MD ) & CEO of SBI Mutual Fund?
Anuradha Rao.

24. Who was appointed as the chairman of LIC (Life
Insurance Corporation of India) after replacement
of SK Roy in 17th September 2016?
V K Sharma.

25. Who is the newly elected Chairman of
Indian Bank Association (IBA) for the
financial year 2016-17?
Rajeev Rishi.

26. Who is the newly appointed Non - Executive
Chairman of the 5th largest private secor bank
,YES Bank?
Ashok Chawla.

27. Which committee was set up to study the
various issues in the house hold finances
in India?
Tarun Ramdorai Committee

28. What is the inflation target fixed by the
union government for the next 5 years
till March 31, 2021?
4% .

29. Karnataka Bank Inked with which
organization for distributing the mutual fund
products?
Birla Sun Life Asset Management company.

30. Which country is at the top position in
milk production?
India (18.5% of world's production with the
growth rate of 6.26% as per the economic survey
of 2015 -16).

31. Federal Bank has tied up with which mobile
banking application for providing cashless
transactions?
Chillr.

32. Andhra Bank has launched 3 in one Online
Investment and Trading Platform by
collaborating Geojit BNP Paribas Financial
Services?
AB eTrade.

33. Central Bank has banned the cash transactions
over ___________ worth to curb black money
in India?
Rs.3 lakhs.( Those transactions can be taken place through debit cards,
credit cards so that they can be tracked easily).

34. Which private sector bank has tied up
with IT company, IBM to provide Cloud
Commerce Solutions?
IndusInd Bank.

35. Kotek Mahindra Bank has been tied up with
which e-commerce online shopping portal to pay
air tickets, hotel bills, bus tickets by expanding
bank's in app shop ,mStore?
Flipkart.

36. Syndicate Bank has launched which
project to improve digital banking
services?
Ananya

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