Q1.

ALTBalaji, the digital platform of Balalji Telefilms Ltd has announced a partnership with
mobile wallet major ______.
(a) HDFC Chillr
(b) Citrus
(c) ICICI Pockets
(d) PayTM
(e) MobiKwik

Q2. Kerala, Tripura and Arunachal Pradesh have joined the Centre’s power distribution company
debt relief scheme named UDAY recently. UDAY stands for-
(a) Utkarsh Discom Assurance Yojna
(b) Ujjwal Disha Assurance Yojna
(c) Ujjwal Discom Assembly Yojna
(d) Ujjwal Discom Assurance Yojna
(e) Ujjwal Discom Assurance Yatra

Q3. The Government of India has signed a contract for the Discovered Small Fields (DSF) Bid 2016
with GEM Laboratories for extracting Hydrocarbons at Neduvasal. Neduvasal located in-
(a) Uttar Pradesh
(b) Odisha
(c) Tamil Nadu
(d) Gujarat
(e) Kerala

Q4. Which among the following e-commerce giant has made its entry in UAE by acquiring
Souq.com, the Middle East’s largest online retailer?
(a) Jabong.com
(b) Amazon
(c) Snapdeal
(d) Flipkart
(e) None of the given options is true

Q5. PSLCs are tradable certificates issued against priority sector loans of banks. What does
meaning of "Cs" in PSLCs?
(a) Cess
(b) Cities
(c) Census
(d) Certificates
(e) None of the given options is true

Q6. The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation
Act, 1949 by RBI with effect from -
(a) 1995
(b) 1999
(c) 1990
(d) 1982
(e) 1988

Q7. MTSS is a way of transferring personal remittances from abroad to beneficiaries in India. What
does MTSS stand for-?
(a) Mobile Transfer Service Scheme 
(b) Money Transfer System Scheme 
(c) Money Timing Service Scheme 
(d) Market Transfer Service Scheme 
(e) Money Transfer Service Scheme

Q8. How much cash can payment be made to the beneficiary in India under MTSS? 
(a) Rs 2, 00,000
(b) Rs 50,000
(c) Rs 1, 00,000
(d) Rs 10,000
(e) None of the given options is true

Q9. In which among the following countries, the 9th World Environmental Education Congress
(WEEC) will be held?
(a) Canada
(b) Germany
(c) Japan
(d) Italy
(e) China

Q10. In the Historic move, Prime Minister Narendra Modi will formally open the longest road
tunnel of South Asia, Chenani-Nashri Tunnel on 2nd April 2017. Chenani-Nashri Tunnel is located
in-
(a) Jammu & Kashmir
(b) Uttarakhand
(c) Manipur
(d) Assam
(e) Himachal Pradesh

Q11. India and Nepal have renewed the fuel supply agreement between Indian Oil Corporation Ltd
(IOCL) and Nepal Oil Corporation (NOC) for another five years. Who is the present president of
Nepal?
(a) Sushil Koirala
(b) Bidhya Devi Bhandari
(c) Pushpa Kamal Dahal
(d) Ram Baran Yadav
(e) Parmanand Jha

Q12. Information & Broadcasting Minister M Venkaiah Naidu has launched the online film
certification system, _____________' with an aim to censor corruption and promote clean
cinema.
(a) e-moviesatya
(b) e-cinenirmaan
(c) e-cinepramaan
(d) e-moviepramaan
(e) None of the given options is true

Q13. Who is current Water Resources, River Development and Ganga Rejuvenation Minister in
Narendra Modi government? 
(a) Maneka Sanjay Gandhi
(b) Kalraj Mishra
(c) Jagat Prakash Nadda
(d) Uma Bharati
(e) D. V. Sadananda Gowda

Q14. Annamalai Wildlife Sanctuary is situated in which of the following Indian state? 
(a) Kerela
(b) Karnataka
(c) Tamil Nadu
(d) Odisha
(e) Rajasthan

Q15. Moortidevi Award is given annually in which of the following fields?

(a) Literature
(b) Films
(c) Journalism
(d) Music
(e) Art
ALT balaji the digiital
Solutions

S1. Ans.(e)
S2. Ans.(d)
S3. Ans.(c)
S4. Ans.(b)
S5. Ans.(d)
S6. Ans.(a)
S7. Ans.(e)
S8. Ans.(b)
S9. Ans.(a)
S10. Ans.(a)
S11. Ans.(b)
S12. Ans.(c)
S13. Ans.(d)
S14. Ans.(c)
S15. Ans.(a)
Q1. Which kick-started its ambitious ‘Deendayal Rasoi Yojana’ under which subsidised meals that
will be available at Rs 5 per plate to people, especially the economically disadvantaged sections of
society?
Answer: Madhya Pradesh

Q2. India's largest e-commerce player Flipkart recently bought eBay's India business, and closing a
$1.4 billion fund-raising round from Tencent, eBay and Microsoft. Name the Chief Executive
Officer of Flipkart.
Answer: Kalyan Krishnamurthy

Q3. The 12th edition Indo-Mongolian Joint Military Exercise Nomadic Elephant 2017 has begun in
__________.
Answer: Mizoram

Q4. The Agriculture Ministry joined hands with the National Remote Sensing Centre (NRSC) to geo-
tag agricultural assets for their real-time monitoring and effective utilization. NRSC is a wing of
____________.
Answer: Indian Space Research Organization (ISRO)

Q5. Saraswat Bank is the largest lender in the co-operative space in India. What is the Motto of
Saraswat Bank?
Answer: Service to the common man

Q6. Mukta Dutta Tomar has been appointed as the next Ambassador of India to which country?
Answer: Germany

Q7. India's first ever micro-drama festival, named Thespis, was held recently in which city?
Answer: New Delhi

Q8. Nearly four crore members of which organization will soon be able to settle their claims
through the mobile application UMANG?
Answer: EPFO

Q9. India and which country recently inked six pacts including one aimed at boosting counter-
terrorism cooperation?
Answer: Australia

Q10. Name the person who has recently inaugurated the first NIMCARE World Health Day Summit
2017 in New Delhi.
Answer: Shri Pranab Mukherjee

Q11. National Payments Corporation of India (NPCI), the umbrella organization for all retail
payment systems in the country, has disbursed ________ prize money to about 18 lakh winners
under the NITI Aayog’s Lucky Draw schemes for consumers and merchants.
Answer: Rs 245 crore

Q12. Chief Minister of Andhra Pradesh N. Chandrababu Naidu has recently announced the re-
launch of a scheme for uplifment and all-round development of people belonging to the Backward
Classes. What is the name of that scheme?
Answer: Adarana Scheme

Q13. The pink patrol cars called the 'Pink Hoysalas' and the Suraksha mobile phone app was
launched recently as part of an effort to improve the safety and security of women in which city?
Answer: Bengaluru

Q14. The World Bank has recently approved a $375 million loan to India’s first inland water
transport fairway National Waterway 1 (NW1) project. This project is based on which River?
Answer: Ganga River
Q15. Malala Yousafzai has recently become the youngest Nobel Prize laureate to address
parliament of which country?
Answer: Canada

Q1. __________  an asset, including a leased asset, becomes non performing when it ceases to
generate income for the bank.
(a) NPA
(b) KCC
(c) NPV
(d) GDP
(e) GNP

Q2. NPA stands for- 

(a) National performing Assets 
(b) New performing Assets 
(c) Non production Assets 
(d) Non performing Assembly
(e) Non performing Assets

Q3. NPA is a loan or an advance where interest and/or installment of principal remain overdue for
a period of more than ______ days in respect of a term loan.
(a) 100 days
(b) 30 days
(c) 90 days
(d) 60 days
(e) 120 days

Q4. NPA is a loan or an advance where?

(a) The installment of principal or interest there on remains overdue for one crop season for long
duration crops.
(b) The account remains ‘out of order’ in respect of an Overdraft/Cash Credit (OD/CC).
(c) The installment of principal or interest there on remains overdue for two crop seasons for short
duration crops.
(d) All of the above
(e) None of the above

Q5. Banks are required to classify NPA further into the ___________ categories based on the
period for which the asset has remained nonperforming and the realisability of the dues.
(a) One 
(b) Three
(c) Two
(d) Four
(e) Six

Q6. Which among the following are not the categories of NPA?
(a) Substandard Assets
(b) Profit Assets
(c) Doubtful Assets
(d) Loss Assets
(e) None of the above

Q7. With effect from 31 March 2005, a ______________ would be one, which has remained NPA
for a period less than or equal to 12 months. 
(a) Substandard Assets
(b) Profit Assets
(c) Doubtful Assets
(d) Loss Assets
(e) None of the above
Q8. With effect from March 31, 2005, an asset would be classified as _____________ if it has
remained in the substandard category for a period of 12 months. 
(a) Substandard Assets
(b) Profit Assets
(c) Doubtful Assets
(d) Loss Assets
(e) None of the above

Q9. A ______________ is one where loss has been identified by the bank or internal or external
auditors or the RBI inspection but the amount has not been written off wholly.
(a) Substandard Assets
(b) Profit Assets
(c) Doubtful Assets
(d) Loss Assets
(e) None of the above

Q10. Which committee has recommended the setting up of Special Tribunals to reduce the time
required for settling cases?
(a) Kelkar committee
(b) Justice Reddy committee 
(c) Rangarajan Committee
(d) Sivaraman Committee
(e) Narasimham Committee

Q11. DRT has been constituted under Section 3 of the Recovery of Debts Due to Banks and
Financial Institutions Act, 1993. DRT stands for-
(a) Debt Recovery Tribunals
(b) Demand Recovery Tribunals
(c) Deposit Recovery Tribunals
(d) Debt Refinance Tribunals
(e) Debt Recovery Treaty

Q12. Securitisation act 2002 enables the banks to issue notices to defaulters who have to pay the
debts within __________ days.
(a) 90 days
(b) 60 days
(c) 30 days
(d) 120 days
(e) None of the above

Q13. Lok Adalats have been found suitable for the recovery of small loans. They cover NPA up to
-------
(a) Rs. 15 lakhs
(b) Rs. 10 lakhs
(c) Rs. 5 lakhs
(d) Rs. 20 lakhs
(e) Rs. 25 lakhs

Q14. Which organisation/bureau can help by maintaining a data bank which can be assessed by all
lending institutions?
(a) Central Board of Direct Taxes (CBDT)
(b) Securities and Exchange Board of India (SEBI) 
(c) Central Statistics Office (CSSO)
(d) Credit Information Bureau (CIB)
(e) National Sample Survey Office (NSSO)

Q15. Compromise Settlement Scheme provides a simple mechanism for recovery of NPA.
Compromise Settlement Scheme is applied to advances below ----------
(a) Rs. 1 crores
(b) Rs. 20 crores
(c) Rs. 50 crores
(d) Rs. 100 crores
(e) Rs. 10 crores
Solutions
S1. Ans.(a)
S2. Ans.(e)
S3. Ans.(c)
S4. Ans.(d)
S5. Ans.(b)
S6. Ans.(b)
S7. Ans.(a)
S8. Ans.(c)
S9. Ans.(d)
S10. Ans.(e)
S11. Ans.(a)
S12. Ans.(b)
S13. Ans.(d)
S14. Ans.(d)
S15. Ans.(e)

Latest Appointments in Banking Sector – Current Affairs GK 2017

Deputy Governor of Reserve Bank of India – B P Kanungo (He has been appointed in place
of R Gandhi)

LIC Managing Director - Hemant Bhargava

LIC Housing Finance new MD & CEO - Vinay Shah

Principal Economic Adviser - Sanjeev Sanyal (former MD of Deutsche Bank)

National Stock Exchange (NSE) new CEO and Managing Director - Vikram Limaye (former
IDFC chief)

India Post Payments Bank (IPPB) interim Managing Director and CEO - AP Singh

Karnataka Bank Ltd new MD and CEO - Mahabaleshwara Mavinakudige Subrahmanya

Click here for Public Sector Banks CMDs, Head Offices, Taglines

Economy, RBI, Banking Current Affairs 2017 Pdf Download

Economy, RBI, Banking Current Affairs 2017 Pdf - April

YES BANK has won the prestigious ‘Golden Peacock Innovative Product/ Service Award
2017’ (in Financial sector Banking) for its innovative mobile technology product SIMsePAY.

e-SOT and e-PRAN card launched for Atal Pension Yojana subscribers.

India’s economy will grow by 7.2% in 2017-18, predicts World Bank

The International Monetary Fund (IMF) projected a growth for the world economy at 3.5 per
cent in 2017.

Finance Ministry approves 8.65% interest rate on EPF

The Reserve Bank of India has set up two new Offices of the Banking Ombudsman for the
State of Jammu and Kashmir (in Jammu) and Chhattisgarh (in Raipur).

The ICICI Bank Data Centre in Hyderabad has achieved the distinction of becoming the
country's first Platinum rated project under IGBC (Indian Green Building Council) Green
Data Centre Rating System.

SBI surpassed ONGC to become most valued PSU stock in terms of market capitalization.

RBI signed MoU with the Royal Monetary Authority of Bhutan

SBI Card launched a unique credit card ‘SBI Card Unnati’, any SBI customer with a balance
of at least Rs 25,000 in his/her savings account with the bank would be eligible for the
Unnati credit card without the need for any credit score or credit history.

Economy, RBI, Banking Current Affairs 2017 Pdf - March

Goods and services tax (GST) is set to be rolled out from July 1, 2017

All branches of State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH),
State Bank of Mysore (SBM), State Bank of Patiala (SBP) and State Bank of Travancore
(SBT) will function as branches of State Bank of India from April 1, 2017.

Bharatiya Mahila Bank to be merged with SBI

ICICI Bank launches a new mobile app 'Mera iMobile' for rural customers

As per RBI data, ICICI Bank topped the list of banks that witnessed most number of frauds,
SBI taking the second spot.

Non-Banking Finance Companies (NBFCs) cannot lend more than Rs.25,000 in cash against
gold according to RBI.

SBI recently announced that penalty for non-maintenance of Minimum Average Balance
(MAB) from April 1, 2017.

Axis, HDFC, ICICI to charge Rs. 150 after 4 cash transactions

Global rating agency Fitch stated that Indian economy will grow by 7.1% in the current
fiscal, 2016-2017.

According to the Financial Times, China’s banking system has overtaken the eurozone to
become the world’s biggest by assets.

HDFC Bank launched India’s first artificial intelligence based banking chatbot Electronic
Virtual Assistant (EVA) for customer services.

NPAs of public sector banks at record high of Rs 6.8 lakh crore

According to the RBI, bank branches that refuse to exchange soiled notes from people will
have to pay a penalty of Rs 10,000.

The government has shifted the responsibility of promoting digital transactions in the
country to the Ministry of IT and Electronics (MEITY) from NITI Aayog.

IRDAI has imposed a penalty of Rs 20 lakh on ICICI Prudential Life Insurance Company.

Project Ananya – Syndicate Bank

Karur Vysya Bank (KVB) has been adjudged the ‘Best Small Bank for 2016’.

Economy, RBI, Banking Current Affairs 2017 Pdf - February Month

Karnataka Bank has bagged two ‘IBA-Banking Technology’ awards.

RBI Doubles Gold Loan Limit for Regional Rural Banks to Rs.2 lakhs

Government has allocated an amount of Rs 500 crore to India Post Payments Bank for the
financial year 2017-18 to help it in setting up 650 branches across country by September
2017.

Union Government has decided to launch ‘Indradhanush 2.0’ for recapitalisation of public
sector lenders so that the banks remain solvent and fully comply with the global capital
adequacy norms namely Basel-III.

ICICI Securities inks partnership with Denmark's Saxo Bank.

Bank of Baroda has tied up with IFFCO, to provide co-branded debit cards for farmers.

RBI declared that, 9.92 lakh crore new notes infused into market as on January 27, 2017.
RBI announced that, Inflation seen at 4-4.5% for April-September,2017.

HDFC Bank, Kotak Mahindra Bank go live with Bharat Bill Payment System (BBPS)

Ujjivan Small Finance Bank (CMD - Samit Ghosh) Starts Pilot Operation in Bengaluru

Axis Bank has tied up with Earthport Plc (a cross-border payment network)

Bank of Maharashtra has partnered with insurance company Cigna TTK Health

Corporation Bank has signed an agreement with Religare Health Insurance Co Ltd to
market its products and services.

The Union Budget has allocated Rs. 10,000 crore towards recapitalisation of public sector
banks in FY2017-18.

Govt has decided to set up a Dairy Processing and Infrastructure Development Fund in
NABARD with a corpus of Rs 8,000 crores over three years.

If the income tax return is furnished after the due date but on or before the December 31 of
the assessment year, there will be a fine of Rs 5,000 imposed. In other cases, there will be
an imposition of a fine of Rs 10,000.

The General Anti Avoidance Rule (GAAR) will be effective from 1 April, 2017

Click here for Important Acts in Banking Sector Pdf

Economy, RBI, Banking Current Affairs 2017 Pdf - January Month
SBI has launched a wealth management product named 'SBI Exclusif' in Kochi, Kerala

Financial Action Task Force (FATF)

Wholesale reinsurance provider ‘Swiss Re’ has received approval from the Insurance
Regulatory and Development Authority of India (IRDAI) to open a branch in Mumbai.

The Reserve Bank of India RBI has declared that Rescheduled Education Loans will not be
considered for Computing NPAs.

Utkarsh Micro Finance launches its Small Finance Bank, this makes Utkarsh the third
company to operate as small finance bank after Capital Local Area Bank & Ujjivan small
finance Bank.

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.

100% FDI under consideration in food processing sector.

Mumbai based dairy firm Kwality Ltd has signed an MoU with Bank of Baroda to provide Rs.
4000 crore loans to one lakh farmers

Punjab National Bank launched a Contactless Credit Card named ‘PNB Wave N Pay’.

Reserve Bank of India (RBI) has imposed a penalty of Rs 75 lakh on Bombay Mercantile Co-
operative Bank for violations of norms related to KYC and anti-money laundering.

Government has clarified that Co-operative Banks are not authorised to accept deposits
under the Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS).

India's biggest aircraft carrier ship INS Vikramaditya first to have ATM (State Bank of India)
onboard.

World Bank Sanctions Rs 1,376 Cr For Tripura Power Upgradation.