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Financial Awareness Practice Set 3

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Financial Awareness Practice Set 3

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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 3 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 3 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 forecast for FY18 by the World Bank (WB) in its South Asia Economic Focus (Fall 2017) report?
    A. 7.0 % B. 7.1 % C. 7.2 % D. 7.3 % E. 7.4 %

Answer: Option A
2. Which among the following commodity exchange has launched India’s first commodity options in gold?
    A. National Spot Exchange Limited (NSEL) B. Indian Commodity Exchange Limited (ICEX) C. National Commodity & Derivatives Exchange Limited (NCDEX) D. Multi-Commodity Exchange of India Ltd (MCX) E. Securities and Exchange Board of India (SEBI)

Answer: Option D
3. With which digital wallet company the IDFC Bank has partnered for co-branded virtual Visa prepaid card?
    A. Paytm B. PhonePe C. Citrus pay D. Amazon Pay E. MobiKwik

Answer: Option E
4. Who among the following has been appointed as the advisory board member of the Financial Stability Institute (FSI) of the BIS?
    A. Urjit Patel B. Arun Jaitley C. Raghuram Rajan D. Ajay Tyagi E. Amitabh Kanth

Answer: Option A
5. Who among the following has been appointed as the new chairman of Bombay Stock exchange (BSE)?
    A. Dhirendra Swarup B. Sethurathnam Ravi C. Apoorv Aggarwal D. Shreyasi Singh E. None of the above

Answer: Option B
1. Who has been appointed as new interim Chairman of Goods and Services Tax Network (GSTN)?
    A. Ajay Bhushan Pandey B. HasmukhAdhia C. Ravish Kumar D. Ajay Tyagi E. AravindPangariya

Answer: Option A
2. Which city has topped the 2017 Global Financial Centres Index (GFCI)?
    A. Tokyo B. New York C. Sydney D. Beijing E. London

Answer: Option E
3. Which union minister has launched Google’s UPI-based digital payment service ‘Tez’?
    A. NarendraModi B. Rajnath Singh C. AlpeshYadav D. ArunJaitley E. None of the above

Answer: Option D
4. Who has been appointed as the new interim chairman of National Payments Corporation of India (NPCI)?
    A. Nadaroop B. AlokSwaroop C. Ashwinchadda D. Bhargav Kona E. B Sambamurthy

Answer: Option E
5. The Asian Development Bank (ADB) has sanctioned how much amount of loan facility to carry forward fiscal reforms in West Bengal?
    A. $300 million B. $350 million C. $200 million D. $250 million E. $400 million

Answer: Option A
1. What is the India’s rank in the world’s most valuable nation brands, according to Brand Finance Nation Brands 2017 report?
    A. [latex]8^{th}[/latex] B. [latex]7^{th}[/latex] C. [latex]8^{th}[/latex] D. [latex]10^{th}[/latex] E. [latex]13^{th}[/latex]

Answer: Option A
2. Who headed the 2nd National Judicial Pay Commission (NJPC) to look into pay hike issue of lower court judges?
    A. PV Reddy B. Kishor Sinha C. Madhavan D. Ramesh Chandra E. None of the above

Answer: Option A
3. As per RBI’s revised guidelines on interest subvention scheme, banks will provide funds to women SHGs in rural areas at how much percentage under DAY-NRLM for FY18?
    A. 7.4 % B. 7.3 % C. 7.2 % D. 7.1 % E. 7.0 %

Answer: Option E
4. Who will be head of the newly constituted task force of RBI on Public Credit Registry (PCR)?
    A. UditPatil B. Ramakrishna C. P.K. Sahoo D. M Deosthalee E. Mahesh Kannah

Answer: Option D
5. India has signed how much amount of loan agreement with Asian Development Bank (ADB) to support coastal protection in Karnataka?
    A. $45.5 million B. $55.5 million C. $65.5 million D. $75.5 million E. $85.5 million

Answer: Option C

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