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Financial Awareness Practice Set 2

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Financial Awareness Practice Set 2

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What is meant by Financial Awareness ? Financial awareness foundation is financial literacy, which is defined as: The ability to use knowledge and skills to effectively manage financial resources efficiently at a personal-level and through the life cycle.
Financial Awareness Practice Set 2 is a section that is present in most of the banking competitive exams. Candidates planning to take up employment in the banking sector must be aware of many of the terms policies and other such important information related with financial awareness. The article Financial Awareness Practice Set 2 provides quiz sets useful to the candidates while preparing Various Banking & Government Exams like SBI PO, SBI Clerk, SSC CPO, SSC CHSL.

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1. What is the India’s GDP growth forecast for 2018, according to United Nations ‘World Economic Situation and Prospects 2018’ report?
    A. 7.8 % B. 7.7 % C. 7.4 % D. 7.2 % E. 6.7 %

Answer: Option D
2. India has signed how much amount of loan agreement with the World Bank (WB) for SANKALP project?
    A. USD 500 million B. USD 400 million C. USD 350 million D. USD 250 million E. USD 200 million

Answer: Option D
3. Which private sector bank has been engaged by the government to enable cashless payment at the e-NAM?
    A. ICICI B. HDFC C. CITI D. AXIS E. None of the above

Answer: Option A
4. Which country has signed an agreement with India to share tax-related information from Jan 2018?
    A. UK B. Switzerland C. Nepal D. Bangladesh E. Russia

Answer: Option B
5. Which of the following has launched the India’s first bitcoin trading app?
    A. Mercury Exchange B. Earth Exchange C. Pluto Exchange D. Mars Exchange E. Moon Exchange

Answer: Option C
1. In India, an Asset Reconstruction Company is regulated by?
    A. MUDRA B. SEBI C. NABARD D. EXIM E. RBI

Answer: Option E
2. Which of the following is not an indirect taxe?
    A. Service Tax B. Excise Duty C. VAT D. Customs Duty E. Gift Tax

Answer: Option E
3. According to the latest data on global wealth from Credit Suisse, the richest 1% Indians own how much share in country’s wealth?
    A. 58.4 % B. 53 % C. 49 % D. 56.7 % E. 58 %

Answer: Option A
4. Narrow Money is the term in monetary aggregates, which is represented by?
    A. M1 B. M2 C. M3 D. M4 E. M5

Answer: Option A
5. In context of banking, what does ‘BBB’ stands for?
    A. Bank Board Bureau B. Bank Beneficiary Bureau C. Bank Bureau Board D. Bank Bureau Beneficiary E. None of the above

Answer: Option A
1. With which bank NTPC has signed a Rs 3,000-crore term loan agreement for partially funding its capital expenditure?
    A. Federal Banks B. HDFC C. SBI D. ICICI E. AXIS

Answer: Option D
2. With which telecom company the Punjab National Bank (PNB) has signed an agreement to roll out open mobile wallet Speedpay?
    A. JIO B. AIRTEL C. VODAFONE D. IDEA E. BSNL

Answer: Option E
3. Which committee has been constituted by the Union Finance Ministry to monitor tech issues of GST?
    A. Deepak – Karanan committee B. Lodha committee C. Baswan committee D. Sushil Modicommittee E. None of the above

Answer: Option D
4. Which among the following became the India’s first payments bank to integrate the UPI on its digital platform?
    A. Airtel Payments Bank B. Paytm Payments Bank C. JIO Payments Bank D. India Post Payment Bank E. BSNL Payment Bank

Answer: Option A
5. Who among the following has been appointed as the new chairman of the State Bank of India (SBI)?
    A. Amit Kumar B. Ajay Kumar C. Arun Kumar D. Ravish Kumar E. Rajnish Kumar

Answer: Option E

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