General Issues - Online Test
Q1. Name of the bank who has launched India’s first certified green bond at London Stock Exchange?
Answer : Option A
Explaination / Solution:
Axis Bankhas launched India’s first internationally-listed certified green bond to finance climate change solutions around the world at London Stock Exchange.
Q2. India’s first internationally-listed certified green bond has been launched by which bank at London Stock Exchange?
Answer : Option C
Explaination / Solution:
Axis Bankhas recently launched India’s first internationally-listed certified green bond at London Stock Exchange. The bond is certified by the Climate Bonds Standards Board and raised USO 500 million.
Q3. The Islamic Development Bank will open its first branch in which of the following state of India?
Answer : Option C
Explaination / Solution:
Jeddah-based Islamic Development Bank is set to start its India operations from Gujarat. It is a part of MoU between India’s EXIM Bank and IDB during Prime Minister Narendra Modi visit to United Arab Emirates (UAE) in April 2016.
Q4. What is the India’s rank in The Economist’s crony-capitalism index 2016?
Answer : Option C
Explaination / Solution:
India has been ranked at 9th position in the 2016 crony-capitalism index with crony sector wealth accounting for 3.4 % of the Gross Domestic Product (GDP) according to ‘The Economist’ Newspaper.
Q5. India’s first contactless business credit card has been launched by which of the financial institution?
Answer : Option C
Explaination / Solution:
India’s first contactless business credit card has been launched by ICICI bank in association with Jet Airways.
Q6. The country’s first contact less business credit card has been launched by the ICICI Bank in association with which of the following company?
Answer : Option D
Explaination / Solution:
ICICI Bank has launched the country’s first contact less business credit card in association with Jet Airways for small and mid-sized enterprises (SMEs) and their employees.
Q7. The mobile wallet app “Buddy” launched by which bank recently?
Answer : Option C
Explaination / Solution:
The State Bank of India (SBI) launched a mobile wallet app “SBI Buddy” in collaboration with Accenture and MasterCard. The ‘SBI Buddy’ application will be available for all customers irrespective of the bank the customer is banking with or card customer is using.
Q8. Which of the following financial institution of India has become the first to sign MoU with the BRICS promoted ‘New Development Bank ’?
Answer : Option B
Explaination / Solution:
The private sector lender ICICI Bank has become the first financial institution of India to sign MoU with the BRICS Grouping-promoted New Development Bank (NDB) for a partnership in bond issuances, co-financing, treasury management and human resources.
Q9. Which of the following is the first North East state to achieve 100 percent success in implementing the Pradhan Mantri Jan Dhan Yojana?
Answer : Option C
Explaination / Solution:
Meghalaya became the first state in India to achieve 100 percent success in implementing the Pradhan Mantri Jan Dhan Yojana.
All households in the state have been successfully covered under the scheme. More than 5.53 lakh households have been covered with 1.55 lakh new bank accounts.
Q10. In India service tax is payable only when the value of service provided in a financial year is more than Rs. _______?
Answer : Option B
Explaination / Solution:
10 lakh Service tax is a tax levied by the government on service providers on certain transactions but is actually borne by the customers. It is categorized as indirect tax and came into existence under the finance act, 1994. This tax is payable only when the value of service provided in a financial year is more than Rs 10 lakh. Service tax is not applicable in the state of Jammu & Kashmir.
