Banking Awareness Test

Q1. Name a three-month Campaign, which has launched by EPFO to enrol more workers and sets Re 1 fine for late registration?

(a) The experiment aimed at dismissing poverty Campaign 2017

(b) Enrollment and Establishment coverage campaign 2017 

(c) Login and Use Campaign 2017

(d) Universal Account and Members Campaign 2017

(e) None of the given options is true

 

Q2. Justice Jagdish Singh Khehar has been sworn-in as the ____________ Chief Justice of India. 

(a) 44th

(b) 43rd

(c) 42nd

(d) 41st

(e) 40th

 

Q3. The 13th edition of Nepal’s five-day Chitwan Elephant Festival has kicked off in ___________ with the participation of over 50 elephants.

(a) Birgunj

(b) Pokhara

(c) Janakpur

(d) Kathmandu

(e) Biratnagar

 

Q4. Cabinet has approved signing and ratifying an agreement between India and Uruguay regarding cooperation and mutual assistance in Customs Matters recently. Where is the capital of Uruguay?

(a) Montevideo

(b) Kampala

(c) Pyongyang

(d) Abuja

(e) None of the given options is true

 

Q5. If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to-

(a) increase it

(b) decrease it

(c) no impact 

(d) constant

(e) None of the given options is true

 

Q6. Which of the following rates/ratios is not covered under the RBI monetary and credit policy?

(a) Bank rate

(b) Exchange rate of foreign currencies

(c) Repo rate

(d) Reverse repo rate

(e) Cash reserve ratio

 

Q7. The Indian Space Research Organisation (ISRO) is the space agency of the Indian government. ISRO headquarter is located in-

(a) New Delhi

(b) Chennai

(c) Mumbai

(d) Bengaluru

(e) Hyderabad

 

Q8. The International Day of Older Persons is observed on-

(a) 02nd October

(b) 24th October

(c) 16th October

(d) 31st October

(e) 01st October

 

Q9. Which of the following companies has created two tools My Business and Digital Unlocked for the small and medium businesses in India, that would help to create an online presence, besides a digital training programme?

(a) Yahoo India

(b) Apple India

(c) Dell India

(d) Facebook India

(e) Google India

 

Q10. Who is skipper the Indian women’s cricket team for the International Cricket Council (ICC) World Cup qualifiers which is to be playing from February 03rd to 21st, 2017 in Colombo, Sri Lanka?

(a) Smriti Mandhana

(b) Mithali Raj

(c) Latika Kumari

(d) Harmanpreet Kaur 

(e) Soniya Dabir

 

Q11. As per the existing policy, the Cash Reserve Ratio (CRR) of scheduled banks is fixed at a certain percentage of their NDTL. What is full form of NDTL?

(a) New Demand and Tenure Liabilities

(b) Net Demand and Time Liabilities

(c) National Deposits and Total Liquidity

(d) Net Duration and Total Liquidity

(e) New Deposits and Term Liquidity

 

Q12. Which of the following rates signals the RBI’s long-term outlook on interest rates?

(a) Repo rate

(b) Reverse repo rate

(c) Bank rate

(d) SLR

(e) CRR

 

Q13. The Mahabodhi Vihar, a UNESCO World Heritage Site, is a Buddhist temple located at which of the following place?

(a) Guwahati, Assam

(b) Deoghar, Jharkhand

(c) Patna, Bihar

(d) Darbhanga, Bihar

(e) Bodh Gaya, Bihar

 

Q14. Guwahati is situated on the bank of which river?

(a) Sone 

(b) Hooghly

(c) Brahmaputra

(d) Teesta

(e) Ganga

 

Q15. On April 6, 1896, the first modern Olympic Games were held in ___________ with athletes from 14 countries participating.

(a) London, UK

(b) Athens, Greece

(c) Tokyo, Japan

(d) New York, USA

(e) Paris, Japan

 

EXPLANATION:

1-Encouraging firms to enrol their workers under schemes run by retirement fund body Employees' Provident Fund Organisation (EPFO), a 3-month campaign has been launched beginning January 1 where employers will get amnesty and pay just Re 1 as damages for not registering their employees earlier. To be called 'Enrollment and Establishment coverage campaign 2017', EPFO will hold meetings with the stakeholders -- employer and employee associations and states. The campaign will give wide publicity to the benefits the Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) and the Pradhan Mantri Paridhan Rojgar Protsahan Yojana (PMPRPY).

Besides, online enrolment facilities for workers will form a key feature of the campaign, an official said. Under the scheme, a three-month window will be provided from January 1 to March 31, 2017. It provides for the nominal levy of damages from the establishment for payment of contribution for the past period. As per the scheme, any employer during the campaign period may send declaration for membership of the employees who were required or entitled to become members of the fund on or after April 1, 2009, but before January 1, 2017, who could not be enrolled for any reason.

In order to have uniform and nominal rate of levy of damages of Re 1 per annum, the government has inserted an enabling provision under para 32(a) of the EPF Scheme 1952 and under para (5) of Employees Pension Scheme, 1995, and para 8-A of EDLI Scheme, 1976.

2- Jagdish Singh Khehar (born 28 August 1952) is the 44th and current Chief justice of India. Khehar is the first CJI from the Sikh community. He has been a judge in SC since 13 September 2011 and will retire on 27 August 2017 upon superannuation.

3- The small Himalayan country caught between China in the north and India to the south, has been able to achieve 365 days of zero poaching twice: in 2011 for rhinos, and for 12 months ending February 2014, for rhinos, tigers and elephants.

This is one of the biggest reason for celebrations as Sauraha celebrated the 13th Chitwan Elephant Festival, a five-day event that started from December 26, Monday to December 30,2016.

 4-

10-Mithali Dorai Raj is captain of the Indian Women's cricket team in Test's and ODI. She is the second highest run scorer in women's international cricket and only second woman cricketer to surpass 5,500 run mark