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Banking Awareness Test - 22
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Banking Awareness Test - 22
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  • Question 1/10
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    In the Union Budget 2018-19, under the Ayushman Bharat programme how much amount has been allocated for Health and Wellness Centre?

    Solutions

    In the Union Budget 2018-19, Under the Ayushman Bharat programme Rs. 1200 crore has been allocated for Health and Wellness Centre. 
    Ayushman Bharat Scheme –In the Union Budget 2018 two major initiatives in health sector as part of Ayushman Bharat programme announced by the Union Finance Minister Arun Jaitely. 
    (i) Health and Wellness Centre - Under this 1.5 lakh centres will bring health care system closer to the homes of people. These centres will also provide free essential drugs and diagnostic services. 
    Budget - The Budget has allocated Rs.1200 crore for this flagship programme. 
    (ii) National Health Protection Scheme - National Health Protection Scheme will cover over 10 crore poor and vulnerable families. It will have 50 crore beneficiaries. This scheme will be world’s largest government funded health care programme.

     

  • Question 2/10
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    The State Bank of India (SBI) had launched its Global NRI Centre (GNC) in which of the following cities?

    Solutions

    The State Bank of India had launched its Global NRI Centre (GNC) in Kochi to enhance the service experience of Non-Resident Indian (NRI). 
    The GNC will be a one-stop customer service centre for all Non-Resident Indian (NRI) banking related services

     

  • Question 3/10
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    Jio Payments Bank Limited recently started its operation. Jio Payments Bank is a joint venture between Reliance Industries and _____.

    Solutions

    Jio Payments Bank Limited has commenced operations as a payments bank after getting approval from RBI. 
    Telecom major Bharti Airtel was the first to begin payment bank services in November 2016

    Jio Payments Bank is a joint venture between Reliance Industries and the country's biggest lender, State Bank of India.

    While Jio has a 70 per cent in the JV, SBI has the remaining 30 per cent.

     

  • Question 4/10
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    Which of the following banks is authorised to issue the Electoral Bond?

    Solutions

    State Bank of India is authorised to issue and encash the Electoral Bond.

    • The seventh tranche of electoral bonds sale was held on 10th of Jan 2019.
    • The 29 specified SBI branches are in cities like New Delhi, Gandhinagar, Patna, Chandigarh, Bengaluru, Bhopal, Mumbai, Jaipur, Lucknow, Chennai, Kolkata and Guwahati.
    • The government had notified the Electoral Bond Scheme in January last year and the sale of the first batch of electoral bonds took place in March 2018.

    Validity 
     

    • The Electoral Bond will be valid for 15 days from the date of issue.

     

  • Question 5/10
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    Currency swap is an instrument to manage ______?

    Solutions

    A currency swap (or a cross currency swap) is a foreign exchange derivative between two institutions to exchange the principal and/or interest payments of a loan in one currency for equivalent amounts, in net present value terms, in another currency.

     

  • Question 6/10
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    The National Income in India is estimated by which of the following agencies?

    Solutions

    The National Income in India is estimated by Central Statistical Organization.

     

  • Question 7/10
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    Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) can be set up by which among the following stakeholders?

    Solutions

    Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) setting up has assisted by government of India, Ministry of MSME as well as SIDBI. The main objective of such fund is to ensure availability of bank credit without the hassles of collaterals / third party guarantees to the first generation entrepreneurs to realise their dream of setting up a unit of their own Micro and Small Enterprise (MSE).

     

  • Question 8/10
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    The term ASBA (Applications Supported by Blocked Amount) is a process developed by which of the following?

    Solutions

    ASBA (Applications Supported by Blocked Amount) is a process developed by the India's Stock Market Regulator SEBI for applying to IPO. In ASBA, an IPO applicant's account doesn't get debited until shares are allotted to them.

     

  • Question 9/10
    1 / -0

    Inoperative account is one in which there are no transactions for over a period of -

    Solutions

    Two years 

    In terms of RBI guidelines “A savings as well as current account should be treated as inoperative / dormant if there are no transactions in the account for over a period of two years”.

     

  • Question 10/10
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    The lock-in period for Tax Saver Fixed Deposit is?

    Solutions

    The lock-in period for Tax Saver Fixed Deposit is 5 years. Premature withdrawals and loan against these FD's are not allowed. 

     

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