General Awareness Questions Set-2

1. 

Which committee supported the insuring of banking deposits in 1950?

a) Hilton-Young commission

b) C.Ranga Rajan Committee

c) Rural Banking Enquiry Committee

d) V.K.Rao committee

e) None

2. 

 The present Chairman of DICGC (He is also deputy governor of RBI) ….

a) H.R. Khan

b) R. Gandhi

c) Dr. Nachiket M. Mor

d) K.C. Chakravarthy

e) Urjith Patel

3. 

 Insurance covered under the DICGC….

a) only principle amount deposit

b) only interest accrued on principle

c) principle and interest accrued for the first three months on principle

d) Both principle and interest

e) interest accrued first year only

4. 

 Who pay the insurance premium to cover the Rs.1 lakh bank deposits?

a) Customer

b) Guardian of the customer

c) Bank

d) Nominee of the customer

e) Nominee of the customer

5. 

To which bank Arun Jaitley allocated a sum of Rs.200 crores to NABARD for setting up of mega food parks on 18 July 2014?

a) SBI

b) RBI

c) SIDBI

d) Yes Bank

e) NABARD

6. 

 YES Bank, which international money transfer company launched an online money transfer service with instant deposits to NRI customer accounts with any bank in India….

a) Rupay

b) Instant Pay

c) Voltaire

d) Pay tell

e) Transfast

7. 

 Which of the following option is correct?

a) RBI kicked off a pilot project on 10 June 2014 that will allow a few mobile payment providers to test cash withdrawal facilities for a small portion of their semiclosed mobile wallet users.

b) In it sender and beneficiary's wallet will be seeded with Aadhaar number.

c) When the money transfer happens, the receiver, who does not have a bank account, can walk to a mRUPEE outlet and receive the cash after authenticating his identity with the biometric (finger print scanning).

d) Tata Teleservices' mobile wallet paymentbased service mRUPEE is one of the eight participants in the RBI pilot project.

e) All Of The Above

8. 

 By mid June 2014, Bank credit grew at …….. percent year-on-year to Rs.60,90,030 crore.

a) 18.25

b) 13.88

c) 11.25

d) 19.25

e) 21.25

9. 

 The RBI granted banking licences to IDFC and microfinance institution Bandhan Micro Finance Institute. The in-principle approval
granted will be valid for a period of …… completely with the requirements.

a) 6 months

b) 9 months

c) 12 months

d) 15 months

e) 18 months

10. 

 The debit card can be used for….

a) Make Point of Sale (POS) purchase

b) Withdraw cash at ATM

c) Online shopping

d) 1 & 3 only

e) All Of The Above

ANSWERS

1(c) , 2(e), 3(d), 4(c), 5(e), 6(e), 7(e), 8(b), 9(e), 10(e),