1. ‘SBI Exclusif' is a

A. Mobile App B. Wealth Management Product C. Loan Scheme D. Financial Inclusion drive in rural areas

Answer: Option B
Explanation: State Bank of India (SBI) has launched ‘SBI Exclusif,’ its wealth management offering, in Kochi. will be rolled out in other cities in the state during the course of the year.
2. India's 1st social luxury travel magazine is launched by MakeMyTrip. What is the name of the Magazine?

A. Food Wine B. Inflight Magazine C. Luxury Magazine D. Luxury Travel Times

Answer: Option D
Explanation: India's largest online travel portal MakeMyTrip has launched the first ever social luxury travel magazine called 'Luxury Travel Times'.
3. Recently, Johnson & Johnson has announced to buy which of the following pharma group?

A. Actavis B. Actelion C. AbbVie D. Adcock Ingram

Answer: Option B
Explanation: US pharmaceuticals giant Johnson & Johnson has announced it was buying Europe’s biggest bio-pharmaceutical firm, Switzerland’s Actelion, for $30 billion (€27.9 billion) in a deal that creates a new spin-off company.
4. Which organisation/bank/ministry is going to organise ‘know your rights’ programme in all states of India?

A. Banking Codes and Standards Board of India (BCSBI) B. SBI C. Finance Ministry D. NABARD

Answer: Option A
Explanation: To educate awareness on banking codes at grass root level, The Banking Codes and Standards Board of India (BCSBI) will organise “know your rights” programme in all the states.
5. Who is appointed as the Chairman of the Eastern India Regional Council of The Institute of Company Secretaries of India (ICSI)?

A. Ashwini Kumar B. Sunita Sharma C. YV Reddy D. Siddhartha Murarka

Answer: Option D
Explanation: Siddhartha Murarka has been appointed as the Chairman of the Eastern India Regional Council of The Institute of Company Secretaries of India (ICSI). His term began from January 19. Murarka, a fellow member of the ICSI, was the head of risk management and compliance at a member firm of the PwC before starting his own practice.

1. Which bank is the first bank to be set up in the eastern part of India after independence?

A. Bank of India B. Bandhan Bank C. Indian Bank D. Union Bank

Answer: Option B
Explanation: Kolkata-headquartered Bandhan Bank is the first bank to be set up in the eastern part of India after independence.
2. Which of the following companies became the first Indian company to issue masala bonds to raise Rs 3000 crore?

A. Tata Consultancy B. Infosys C. Housing Development and Finance Corporation D. Industrial Credit and Investment Corporation of India

Answer: Option C
Explanation: Housing Development and Finance Corporation (HDFC) became the first Indian company to issue masala bonds to raise Rs 3000 crore.
3. Fixed deposit (FD) can be done for a maximum period of

A. 10 Years B. 20 Years C. 15 Years D. 25 Years

Answer: Option A
Explanation: Fixed deposit (FD) can be done for a maximum period of 10 years.
4. Which of the following banks launched the first talking ATM for differently-abled persons?

A. UCO Bank B. Union Bank C. ICICI Bank D. d. HDFC Bank

Answer: Option B
Explanation: Union Bank of India was the first bank who launched talking ATM for the differently abled person.
5. Which of the following act as the Issuing and Paying Agent (IPA) for commercial papers?

A. Development Banks B. Corporative Banks C. Non-Scheduled Banks D. Scheduled bank

Answer: Option D
Explanation: Commercial Paper (CP) is an unsecured money market instrument issued in the form of promissory note. Corporates, primary dealers (PDs) and the All-India Financial Institutions (FIs) can issue CP but only a scheduled bank can act as an Issuing and Paying Agent (IPA).

1. Under which section of Foreign Exchange Management Act, 1999 areAauthorised Money Changers (AMCs) authorised under RBI?

A. Section 10 B. Section 11 C. Section 12 D. Section 09

Answer: Option A
Explanation: Authorized Money Changers (AMCs) are those entities which are authorised by the Reserve Bank under Section 10 of the Foreign Exchange Management Act, 1999 to deal in foreign exchange for specified purposes. An AMC is a Full Fledged Money Changer (FFMC).
2. How many remittances can be received by a single individual beneficiary under the scheme during a calendar year?

A. 20 B. 30 C. 15 D. 25

Answer: Option B
Explanation: Thirty remittances can be received by a single individual beneficiary under the scheme during a calendar year and Amount up to Rs. 50,000 may be paid in cash to a beneficiary in India.
3. Which of the following banks does not have its headquarter in Kolkata?

A. Andhra Bank B. United bank of India, C. UCO bank D. Allahabad Bank

Answer: Option A
Explanation: Andhra Bank has its headquarters in Hyderabad
4. The tagline of Canara Bank is

A. One Family One Bank B. Relationships beyond Banking C. Together We Can D. Your Perfect Banking Partner

Answer: Option C
5. The minimum amount that could be transferred using RTGS is

A. 4 Lakh B. 8 Lakh C. 5 Lakh D. 2 Lakh

Answer: Option D
Explanation: Real Time Gross Settlement (RTGS) is meant for large scale transaction. The minimum amount that could be transferred using RTGS is Rs. 2 lakh which there is no upper limit.