FEBRUARY 2017 - PrepMasters. CAPSULE - FEB.2017.pdf · The high level committee formed to study the feasibility of shifting financial year to January 1 submitted its ... Vivek Devrai

ECONOMY NEWS

1. The Central government has set fiscal deposit target 3.5% of GDP for 2016-17 which is much lower target

than the ____% in 2015-16.

a. 3.9% b. 4%

c. 4.5% d. None of these

2. The government has marginally revised up words the GDP growth for 2015-16 to 7.9% from the earlier

estimate of ----------%.

a. 7.6% b. 7%


3. Match the following:

I. N.K Singh Committee FRBM Act

II. P.N. Watal Committee Digital Payment

III. Amitabh Kant Committee M.S.P of Pulses

IV. S.S. Mundra Committee Recalibration of ATM‟s

a. All are true b. I and II are true

c. II and IV are true d. None of these


I. FICN Fake Indian Currency Notes.

II. GVA Gross Value Added

III. UBI Universal Basic Income

IV. FRL Fixed Responsibility Legislation



5. Variable reserve rates and open market operation are instruments of ____________.

a. Fixed policy b. Monetary Policy

c. Trade policy d. None of these

6. The currency of the European Monetary Union will be ___________.

a. EURO b. Dollar

c. Pound d. None of these

7. According to general budget investment target in Railways in 2017-18 is _______ Crore.

a. Rs. 1.31 b. Rs. 1.41

c. Rs. 1.51 d. None of these

8. How many railways stations will be made differently-abled friendly by providing lifts and escalators this

Year?

a. 500 b. 400

c. 300 d. None of these


I. MGNREGA Rs. 48,000 Crore.

II. PMAY Rs. 29,043 Crore.

III. Swachch Bharat Mission Rs. 16,248 Crore.

IV. PMFBY Rs. 9,000 Crore.


c . II and IV are true d. None of these

FEBRUARY 2017

11. According to the Union Budget, the central government has imposed a cap on cash transactions above Rs. 3

lakh from 1 April 2017. This move of central government is based on the recommendation of which of the

following committee?

a. M.B. Shah Committee b. P.N Watal Committee

c. S.S. Mundra Committee d. None of these

12. According to budget proposal, those coming between Rs. 2.5 lakh and Rs. 5 lakh a year will now have to

pay income tax of 5% instead of earlier ____%.

a. 10% b. 15%

c. 20% d. 20%


I. PRASAD Rs. 100 Crore

II. Swadesh Dashan scheme Rs. 959 Crore

III. PMAY Rs. 2300 Crore

IV. Bharat net project Rs. 10000 Crore


c. I and IV are true d. None of these

14.. A dedicated irrigation fund set up last year by NABARD to improve the coverage and efficiency of

irrigation services. Fund allocation of this fund _________ is this year.

a. Rs. 40,000 Crore b. Rs. 50,000 Crore

c. Rs. 10,000 Crore d. None of the above

15.. According to this budget allowable provision for banks „NPA (Non performing Assets) up from

7.5 % to _____.

a. 9.5% b. 10%

c . 8.5% d. None of these

16. Under Budget 2017-18, Banks have targeted to introduce an additional ______ lakh new POS

(Point of Sale) terminals by March 2017.

a. 10 b. 15


17. Central government has decided to impose a penalty on cash transaction above 3 lakh rupees. How many

percent penalty will be imposed?

a. 100% b. 50%

c. 60% d. None of these


I. UJJWALA Rs. 2500 Crore.

II. NAMAMI GANGE Rs. 2250 Crore.

III. PMKSY Rs. 7377 Crore.

IV. ICDS Rs. 20755 Crore.


c . II and IV are true d. None of these

18. Plans and Non-plans expenditure are abolished in budget 2017-18. The new category which is introduced

in this budget are _________________.

a. Capital, Revenue expenditure b. Capital, Current expenditure

c. Total expenditure d. None of these

19. TBS (Twin Balance Sheet) is in news recently. TBS is related to which of the following sector?

a. NPAs of Bank b. Banks Administrator

c. Infrastructure d. None of these

FEBRUARY 2017

20. Subprime loans are the loans of which of the following sector?

a. Loans of bad credit history persons b. Loans of good credit history persons

c. Loans of big business houses d. None of these


I. TBS Twin Balance Sheet

II. PRB Payment regulatory board

III. SDR Strategic Debt Restructuring

IV. ELSS Enquiry linked saving scheme



22. Operation Clean Money is an initiative of which of the following ministry?

a. CBDT b. Ministry of HRD

c. Ministry of I-T d. None of these

23. MCLR (Margined Cost of fund based Lending Rate) came into effect from April 1, 2016, replacing the trst

while bench mark base rate. MCLR decided by __________.

a. RBI b. Ministry of Finance

c. SEBI d. Bank individually

24. The 7.6% growth rate registered by Indian economy during the year 2015-16 is based on----------------.

a. GNP of Market price b. GVA of constant price

c. GDP at market price d. None of these

25. Which one of the following indices is now used by RBI to measure the rate of inflation in India?

a. WPI b. CPI

c. BSE Index d. None of these

26. The payment of wages ordinance 2016 will enable industries to pay wages by cheque on credit into the

bank accounts of workers without their permission. This will be applicable to workers earning upto

_______.

a. Rs. 12,000 /month b. Rs. 18,000/month

c. Rs. 15,000/month d. None of these

27. The high level committee formed to study the feasibility of shifting financial year to January 1 submitted its

report recently. The committee is headed by ______________.

a. Shankar Acharya b. Rakesh Mohan

c. Rajiv Kumar d. None of these

28. Fund allocation for micro irrigation fund in Budget 2017-18 is _________.

a. Rs. 5000 Crore b. Rs. 10,000 Crore

c. Rs. 15,000 Crore d. None of these

29. Central government has decided to attract Rs. 13,300 Crore from Swachch Bharat Cess in 2016-17 and

from Krishi Kalyan Cess is Rs. 8800 Crore. These cess applicable on _________.

a. Services b. Infrastructure

c. Production d. None of these

30. How much of the undisclosed income declared under Pradhan Mantri Garib Kalyan Yojana (PMGKY)

2016, will have to be parked in interest free deposits with a lock-in period of four years?

a. 15% b. 25%

c. 40% d. 55%

FEBRUARY 2017

31. Domestic Systematically Important Banks (D-SIBs) is announced with the term ___________.

a. Too big to fail b. Too big to fall

c. Too big to die d. None of these

32. Rupee denominated bonds issue by Indian companies in order to raise funds off-shore are

called__________.

a. Masala Bonds b. Callable Bonds

c. Convertible Bonds d. None of these

33. The monetary policy committee of the RBI has decided to keep the key policy rate (Repo Rate) unchanged

at 6.25%, citing uncertainties caused by demonetization, which had “discolored” an objective assessment of

inflation pressures. Who of the following is head of MPC?

a. Urjit Patel b. Arun Jaitley

c. Raghuram Rajan d. None of these

34. RBI has changed GDP growth rate in 2016-17 from 7.1% to 6.9%. What is the GDP growth rate prediction

of ministry of finance in 2016-17?

a. 6.5% b. 7%


35. Match the following-

I. Repo Rate 6.25%

II. CRR 4%

III. SLR 20.50%

IV. MSF 6.75%

V. Bank Rate 6.75%



36. What is the total amount of credit that can be allowed in a “small account” in a year?

a. Rs. 50,000 b. Rs. 1, 00,000

c. Rs. 1.5 lakh d. None of these


I. Shankar Acharya Committee New Financial Year

II. Vivek Devrai Committee Rail Budget

III. C. Rangarajan Committee Plan Expenditure & Non-plan expenditure

IV. Acworth Committee (1920) Separation of Rail Budget



38. Union Government set an inflation target of ________ over a period of next fine year?

a. 4% b. 5%


39. RBI has decided to set up a committee on cyber security based on the recommendations of Meena

Hemachandra Committee. RBI is not regulator of _______.

a. Banking Sector b. Money Market

c. Open Market Operation d. All of these

40. RBI has decided to set up separate Enforcement Department to effectively monitor banks in case they

violate regulations and speed up regulatory compliance. What is the target of RBI for inflation in 2016-17?

a. 5% b. 3%


FEBRUARY 2017

41. A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs. 5 crore

but does not exceed _________.

a. Rs. 10 crore b. Rs. 15 crore

c. Rs. 20 crore d. None of these

42. Who determines the rate of interest on the medium and long Term Government deposits under the

a. RBI b. SBI

c. Central Government d. None of these

43. The Employee‟s Provident fund Organisation (EPFO) will increase its equity investments to 15% of its

incremental corpus in the next fiscal year, from 10% at present. EPFO comes under which ministry?

a. Ministry of Labour b. Ministry of Finance

c. Ministry of Home affairs d. None of these


I. FICN Fake Indian Currency Notes

II. SBN Specified Bank Notes

III. BHIM Bharat Interface for Money

IV. MPIN Mobile Personnel Identification Number




I. Index of Industrial Production (IIP) CSO

II. Financial Stability Report (FSR) RBI

III. Asset Quality Review (AQR) RBI

IV. Economic Survey Ministry of Finance



46. Automated Teller Machines (ATM) which can be operated independently by a visually impaired person are

known as ______.

a. White Level ATMs b. Offline ATM

c. Talking ATM d. None of these


I. WLAO White Level ATMs Operators

II. SBN Specified Bank Notes

III. ABTS Aadhaar Based Transaction system

IV. BCTT Banking Cash Transaction Tax



48. Share holding of central government in IPPBL (India Post Payment Bank Ltd.) is ________.

a. 100 b. 50%


49. Maximum amount that can be raised by any company through masala bonds is ________.



FEBRUARY 2017

50. The Government plans to come out with Indradhanush 2.0, a comprehensive plan for re capitalization of

public sector lender, with a view to make sure they remain solvent and fully comply with the global capital

adequacy norms, BASEL-III. How many cross rupees Central government will infuse in banking sector in

the next four years?

a. Rs. 1 lakh crore b. Rs. 70,000 crore

c. Rs. 5 lakh crore d. None of these

51. BASEL – III, International Banking norms will implemented in India from April 1, 2019. How many crore

rupees central government will infuse in public sector banks in 2017-18?

a. Rs. 10,000 crore b. Rs. 50000 crore

c. Rs. 1,00,000 crore d. None of these

52. Asset Quality Review Report, “a exercise by RBI to clean up the balance sheets of PSB” will be completed

before _______ 2017.

a. March b. April

c. June d. None of these


I. AQR Asset Quality Review

II. TBS Twin Balance Sheet

III. NUUP National Unified USSD Platform

IV. MMID Mobile money Identifier


c. II and III are true d. None of these

54. The central government is targeting an investment of about Rs. 2200 crore by ______ in startup, working

on new technologies in the electronic sector under Electronic Development Fund (EDF).

a. 2019 b. 2018


55. OMO (Open Market Operations) is instrument of ___________.

a. Fiscal Policy b. Monetary Policy

c. Trade Policy d. None of these


Scheme Budget Allocation

I. STRIVE Rs. 2200 crore

II. SANKALP Rs. 4000 crore

III. Bharat Net Project Rs. 10000 crore

IV. PMAY (G) Rs. 23000 crore



57. Gift-Edge Market is another name of which of the following operation?

a. OMO (Open Market Operation) b. Capital Market

c. Share Market d. None of these

58. The Union government has proposed a four slob rate structure for the new GST. These are 5, 12, 18 and

______.

a. 28% b. 26%


FEBRUARY 2017


I. SCORES SEBI

II. SWIFT Banks

III. BASEL - III Banks

IV. TRIPS WTO




I. TARC Tax Administration Reforms Commission.

II. BIS Bank for Intentioned settlement.

III. SWIFT Society for worldwide interbank financial Telecommunication.

IV. NPA Non Performing Assets



61. Minimum Limit for RTGS (Real Time Gross Settlement) is _________.

a. Rs. 2 lakh b. Rs. 3 lakh

c. Rs. 5 lakh d. None of these

62. BASEL-III norms are related to which of the following sector?

a. Real State b. Banking Sector

c. Infrastructure d. None of these


I. BCSBI Banks code and standard Board of India

II. FCCB Foreign currency convertible bonds

II. FRBM Fixed Responsibility and Budget Management

IV. NUUP National Unified USSD Platform



64. Minimum capital required to open a private bank in India is _______.



65. Masala bonds in news recently. Which of the following is/are true about Masala bonds?

I. It is issued by IFC (International Finance Cooperation).

II. It is a rupee dominated bond.

III. Maturity period of Masala bonds is 3 years.


d. II and III are true d. None of these

66. Which of the following is not a capital market instrument?

a. Shares b. Bond

c. Debenture d. None of these

67. Which of the following organization is responsible for the regulation of FII (Foreign Institutional

Investment)?

a. SEBI b. RBI

c. Ministry of Finance d. None of these

FEBRUARY 2017

68. Prabhat Kumar committee has submitted its report recently. This committee is related to which of the

following sector?

a. MSMEs b. Highways

c. New Financial year d. None of these

69. The RBI plans to rationalize the MDR for debit cards. The rate which banks charge a merchant when the

customer uses a card for a transaction. What is the full form of MDR?

a. Merchant Discount Rates b. Merchant Debt Rates

c. Maximum Discount Rates d. None of these

70. Which amongst the following option is correct for a Teaser Loan?

a. It is an introductory rate of Interest. b. This rate is permanent in nature.

c. Both (a) and (b) are correct. d. None of these

71. Which of the following associate bank of SBI raise up to Rs. 600 crore to share up additional tier-1 capital

issuing Basel compliant banks through private placement?

a. State Bank of Travancore b. State Bank of Mysore.

c. State Bank of Hyderabad d. None of these


Organization Head

I. GSTC Finance Minister

II. MPC RBI governor

III. BBB Vinod Rai

IV. FSDC Finance Minister



73. Minimum Capital required to open a Small Finance Bank (SFB) in India is ________.



74. The RBI has permitted multilateral and regional financial institutions (FIs) to invest in Masala bonds, rupee

dominated bonds issued by Indian entities. These are NDB, ADB and other financial institutions. Maturity

period of Masala bonds is ___________.

a. 3 years b. 5 years

c. 10 years d. None of these

75. SLR (Statutory Liquidity Ratio) for payment banks is ___________ of their saving deposit.

a. 75% b. 25%



I. QR code Quick Response Code

II. IFSC Indian Financial System Code

III. MMID Mobile Money Identifier

IV. BHIM Bharat Interface for Money



77. Which of the following is not a money market instrument?

a. Commercial paper b. Cash Management Bills

c. Bond d. None of these

FEBRUARY 2017

78. In the event of the Bank failure, an agency protects bank deposits that are payable, the agency that insures

such deposits is __________.

a. DICGL b. ECGC

c. CGF d. None of these

79. The term which is used to describe a situation of decrease in the general price of goods and services is

__________.

a. Deflation b. Inflation

c. Stagflation d. None of these

80. Committee on FRBM Act 2003 (Fixed Responsibility & Budget Management) has recommended to set up

a new fixed council which observe fiscal deficit during a year. The committee is headed by___________.

a. N.K Singh b. Bhaskar Acharya

c. Naman Verma d. None of these

81. What is the maximum amount that is insured by DICGC (Deposit Insured Credit Guarantee Corporation)?

a. Rs. 1,00,000 b. Rs. 3, 00,000

c. Rs. 2,00,000 d. None of these

82. Which of the following bodies regulate the regional rural banks?

a. NABARD b. RBI

c. SIDBI d. None of these

83. Newly appointed RBI deputy governor Viral Acharya called for some urgent steps to resolve NPAs (Non

Performing Assets) in budget 2017-18. Central government has increased NPAs provision from 7.5% to

______.

a. 8.5% b. 9.5%


84. Match the following;

I. ECGC Export credit guarantee corporation.

II. CGF Deposit Insurance credit guarantee corporation

III. FATCA Foreign Account tax compliance act

IV. SWIFT Society for world wild Interbank Telecommunication.


c. II and IV are true. d. None of these


I. DOT Department of Telecommunication

II. BCTT Banking cash Transaction Tax

III. ECB Extended commercial Borrowing

IV. MPIN Mobile personal identification Number



86. Which of the following is/are true about Bad bank which is in news recently?

I. Bad bank specializes in loan recovery function.

II. It is a permanent special purpose entity set up for the said function.

a. All are true b. Only I is true.

c. only 2 is true d. None of these

FEBRUARY 2017

87. The Insolvency and Bankruptcy Board of India (IBBI) is under the aegis of which of the following

ministries?

a. Ministers of finance b. Minister of Commerce and industry

c. Minister of MSME d. None of these

88. „GSTC‟ has decided to establish a GST appellate tribunal which will resolve the concerns of state regarding

GST. Who of the following is the chief of GSTC?

a. Finance Minister b. RBI Governor

c. SEBI Chief d. None of these

89. The Banking Ombudsman ______________.

a. is in charge of bank loans for buses b. Fires the rates of interest for loans.

c. Resolves complaints of customers. d. None of these

90. Which of the following is not classified as commercial bank?

a. PSB b. Foreign Bank

c. Urban Cooperative Bank d. None of these

91. Which of the following is/are true about Sovereign Gold Bond Scheme?

I. Minimum gold that can be purchased by any individual is 1 gram.

II. Maximum gold that can be purchased under this scheme is 500 gram.

III. Maturity period of these bonds is 8 years?

a. All are true b. I and II are true.


92. Match the following;

I. Fiscal Policy Ministry of finance

II. IIP Ministry of commence & industry

III. Monetary Policy RBI

IV. AQR RBI.


c. II and IV are true. d. None of these

93. Demand Draft issued by a bank is valid for __________.

a. 3 years b. 3 months

c. 6 months d. None of these


I. TBS Twin Balance sheet

II. PARA Public sector Asset Rehabilitation Agency.

III. IBBI Insolvency and Bankruptcy board of India

IV. ARC Asset Reconstruction Company



95. Deposit under Foreign Currency Non-Resident (FCNR) scheme can be accepted for a minimum of____.


c. 10 years d. 1 year

96. Central government has decided to establish a fund of work Rs. 1000 crore to support start-ups. This fund

is managed by ________.

a. SBI b. RBI

c. SIDBI d. None of these

FEBRUARY 2017


I. AIF Alternative Investment fund

II. NAV Net Asset Value.

III. IFRS International Financial Reporting standard

IV. IFSC Indian Financial System



98. Balance in a current account is classified as____________.

a. Hybrid deposit b. Demand Deposit

c. Term Deposit d. None of these

99. Maturity period of FCNR account is____________.



100. IBBI (Insolvency and Bankruptcy Board of India) has a __________ member body.

a. 4 b. 5


101. According CS0 (Central Statistics Organization‟s), India‟s GDP growth rate will be __________ % in

2016-17.

a. 7.1% b. 7.2%


102. According to data released by DIPAM (Department of Investment and Public Asset Management) India

attracted $46 billion foreign direct investment in 2016. DIPAM is the new name of _________.

a. DIPP b. SEBI

c. FSDC d. None of these

103. Micro-Finance Institutions registered as Non-Banking Finance Companies are regulated by ________.

a. RBI b. SIDBI

c. NABARD d. None of these

FEBRUARY 2017

INTERNATIONAL NEWS

1. SAARC programming committee meeting is going to be held in which of the following city.

a. Kathmandu b. Thimphu

c. Dhaka d. None of these

2. Who has been appointed as the new chairman of the commission of the African Union (AU)?

a. Moussa Faki b. Thomas Quartey

c. Jean Ping d None of these

3. The fourth edition of BIMSTEC Summit 2017 will be held in which of the following city?

a. Kathmandu b. Dhaka

c. Pune d. None of these

4. Which of the following has received the Indira Gandhi prize for Peace Disarmament and Development for

2015?

a. UNHCR b. FAO

c. UNESCO d. None of these

5. Which of the following country is related to “wet foot dry foot policy”?

a. U.S.A. b. China

c. India d. None of these

6. TPP (Trans Pacific Partnership) is in news recently. How many of the following countries signed TPP?

a. 12 b. 13


7. Who has been elected the new president of Germany?

a. Frank - Walter - Steinmeier b. Olivia Jones

c. Joachim Gauck d. None of these

8. World Radio is celebrated on February ________.

a. 13 b. 15



I. AIIB Beijing

II. NDB Shanghai

III. World Bank Washington D.C.

IV. International Monetary Fund (IMF) Washington D.C.



10. What is theme of 2017 BRICS (Brazil, Russia, China, South Africa) summit which will held in China?

a. Stronger Partnership for a Brighter Future b. BRICS and world order

c. BRICS and world Trade d. None of these

11. Which country is hosting the 2017 cobra gold joint military exercise?

a. Thailand b. U.S.A.

c. China d. None of these

12. ISRO launches 104 satellites by PSLV-C37. PSLV-C37 has carried maximum satellite of which of the

following country?

a. U.S.A. b. China

c. Russia d. None of these

FEBRUARY 2017


I. NIKKI Tokyo (Japan)

II. MIDDAX Germany

III. FTSE-100 London

IV. KSE Karachi




I. NDB Shanghai

II. AIIB Beijing

III. ICSID Washington. DC

IV. IDA Washington. DC



15. Who of the following has appointed as new National Security Advisor (NSA) of U.S.A?

a. Larry Page b. Gen. Herbert Raymond

c. John key d. None of these

16. Which of the followings international organisations invests $ 47.5 million in Granular India to become a

part of setting up of a Greenfield facility for manufacturing APIs (Active Pharmaceutical Ingredients)?

a. IFC b. IDA

c. ADA d. None of these

17. Renminbi is currency of which of the following country?

a. China b. Bangladesh

c. Nepal d. None of these

18. TFA (Trade Facilitation Agreement) in Goods of World Trade Organization (WTO) came in to effect with

its ratification by two thirds members of WTO including India. Who of the following is the current chief of

WTO?

a. Roberto D Azevedo b. Ban ki Moon

c. Kim Jong-un d. None of these

19. Mosul is in news recently. Mosul city belongs to which of the following country?

a. IRAQ b. IRAN

c. SYRIA d. None of these

20. The 9th

edition of BRICS summit will be held in Xiamen city. Xiamen city belongs to which country?

a. India b. China


21. Which city is hosting the 2017 Mobile World Congress (MWC)?

a. Barcelona b. London

c. Tokyo d. None of these


I. IDA Washington D.C

II. IFC Washington D.C

III. IBRD Washington D.C

IV. ICSID Washington D.C

V. MIGA Washington D.C


c. II, III and IV are true. d. None of these

FEBRUARY 2017

23. OECD (Organization of Economic Cooperation and Development) sees India‟s growth at 7% due to note

ban in 2016-17. HQ of OECD is situated in which of the following city?

a. Geneva b. Paris

c. New York d. None of these

24. Hassan Rouhani is in news recently. Hassan Rouhani is the current president of which of the following

country?

a. Iran b. Iraq

c. Pakistan d. None of these

25. Which of the following country has launched World‟s first robot table tennis tutor?

a. Japan b. China

c. U.S.A d. None of these

26. SOFT Bank is in news recently. It is an investment company which belongs to ____________?

a. Japan b. China



I. Best picture Moon light

II. Best Actor Casey Affleck

III. Best Actress Emma stone

IV. Best Director Damien Chazelle



28. Who of the following became the first Muslim to win an acting Oscar for Moon light?

a. Mahershala Ali b. Mohammad Ali

c. Tahar Anwar d. None of these

FEBRUARY 2017

NATIONAL NEWS

1. The book “The man who could never say no” has been authored by whom?

a. S. Muthiah b. N.N. Saxena

c. Vikram Seth d. None of these

2. First time Railway Budget was merged with Union Budget. It was separated from general finance in 1924

based on recommendations of the Acworth Committee of __________.

a. 1919 b. 1920

c. 1921 d. None

3. For passenger safety, a Rashtriya Rail Sanraksha Kosh (RRSK) will be created with a corpus of Rs

_____lakh Crore over 5 years.

a. 1 b. 3


4. Which of the following companies of Railways Public sector Enterprises will be listed in BSE (Bombay

Stock Exchange) in the year 2017-18?

a. IRCTC b. IRCON

c. IRFC d. All of these

5. How many rail stations will be solar powered in the next year?

a. 7000 b. 8000


6. Ministry of Railways will be launched a new single window interface named as __________.

a. Coach Mitra b. Coach Sahyogi

c. Coach Saathi d. None of these

7. According to Union Budget, Maximum amount of cash donation for parties has been capped at Rs. ______

from anyone source, from 2000.

a. 2000 b. 15000


8. Under Maternity Benefit scheme how much amount will be transferred to bank accounts of pregnant

women who undergo institutional delivery and vaccinate their children?

a. Rs. 6000 b. Rs. 10000

c . Rs. 15000 d. None of these

9. According to budget, center government has proposed to levy a surcharge of 10% of tax payable on those

whose annual taxable income is between Rs. 50 lakh to 21 crore and 15% on people early more than Rs.

_____ Crore.

a. 1 b. 3


20. What is the name of new merchant version of AEPS (Aadhaar Enabled Payment System)?

a. Aadhaar Pay b. Phone pay

c. Digi Pay d. None of these

21. Central government has decided to a mission with target of ----------------Crore digital transactions for

2017-18 through various modes.

a. Rs. 2500 b. Rs. 3000

c. Rs. 5000 d. None of these

22. What is the target of center government for Agricultural credit in 2017-18?

a. Rs. 10 lakh Crore b. Rs. 5 lakh Crore

c. Rs. 15 lakh Crore d. None of these

FEBRUARY 2017

24. Dairy processing and infrastructure development set up in NABARD with a corpus of Rs. ______ Crore

over 3 years.

a. 8000 b. 9000


25. The PMFBY (Fasal Bima Yojana) which covered 30% of cropped are in 2016-17 has been extended to

_____% in 2017-18 and is expected to cover half the country in 2018-19.

. a. 40 b. 35


26. Central government has decided to start a sub-mission of the National Rural Drinking water programme to

ensure safe drinking water to over 28000 arsenic and fluoride habitants in the next ____ years. .

a. 4 b. 3


27. Which of the following is less true about SANKALP scheme?

I. It aims to provide market relevant training to 3.5 crore youth.

II. Central government has allocated Rs. 4000 crore for SANKALP this year.

III. It is a ministry of skill development and entrepreneurship initiation.

a. All are true. b. I and II are true


28. Which of the following is/are true about STRIVE Scheme?

I. Fund allocation for this scheme is Rs. 2200 Crore.

II. It will focus on improving the quality and market relevance of vocational training provided in it is

and strengthens the apprenticeship programme through an industry-cluster approach.

a. All are true b. I is less true

c. II is less true d. None of these

29. Central government has decided to merge six oil PSUs into single entity. Which of the following is not

included in this move?

a. ONGC, OIL b. GAIL, IOCL

c. HPCL, BPCL d. None are true


I. IDBI Mumbai

II. SIDBI Lucknow

III. BMB New Delhi

IV. Bandhan Bank Kolkata



31 India has recently signed MoUs with which of the following country for Technical Corporation in rail

sector especially on safety related subjects?

a. Italy b. Japan


23. Central Government has decided to launch SWAYAM platform to provide 350 online courses.

SWAYAM is an initiative of which of the following ministry?

a. Ministry of HRD b. Ministry of Finance

c. Ministry of MSME d. None of these

32. The RBI has allowed White Label ATM operators (WLAOs) to source cash from which of the following?

a. Retail Outlets b. Households

c. NBFCs d. None of these

FEBRUARY 2017

33. Central government has decided to lose norms of PMGKY (Garib Kalyan Yojana) which will end on

______ 2017.

a. 31st March b. 30

th April

c. 30th

September d. None of these

34. Which of the following is building second generation Ethanol Bio-refinery, first in India, at Bhatinda,

Punjab?

a. HPCL b. BPCL

c. Rosneft d. None of these

35. Who of the following is appointed as a new chief of NSE (National Stock Exchange)?

a. Vikram Limaye b. Shashikant Sharma

c. Alok Verma d. None of these

36. RBI has asked banks to provide loans up to Rs. 3 lakh to women self help group (SHG) at a discounted rate

of _______ per annum

a. 6% b. 7%


37. Central Government has approved „Pradhan Mantri Gramin Digital Saksharta Abhiyan (PMGDISHA)‟ to

make 6 crore rural households digitally literate by March_______.

a. 2019 b. 2020


38. India sign a pact with which of the following country on co-operation in the exploration and uses of outer

space for peaceful purposes?

a. Vietnam b. China


39. The National Payment Corporation (NPCI) of India has announced that a UPI (Unified Payment Interface)

application has operations. How many banks has become a part of it in the first phase?

a. 10 b. 12

c. 15 d. 21

40. Shekatkar Committee is related to which of the following sector?

a. Defence b. Infrastructure

c. Sports d. None of these

41. Who of the following is appointed as new chief of SEBI (Securities Exchange Board of India)?

a. Ajay Tyagi b. U K Sinha

c. Raman Verma d. None of these

42. National Deworming Day is celebrated on February ________.

a. 10 b. 11


43. Who has been appointed the new President of Associated Chambers of Commerce of India

(ASSOCHAM)?

a. Sandeep Jajodia b. Naman Bansal

c. Raman Singh d. None of these


I. SAKSHAM CBEC

II. MANAK Ministry of Science & Tech

III. SWAYAM Ministry of HRD

IV. STRIVE Ministry of Skill Development & Entrepreneurship



FEBRUARY 2017

45. “Khullam Khulla” is a Autobiography of which Indian film actor?

a. Rishi Kapoor b. Karan Johar

c. Dharmendra d. None of these

46. Which of the following whole sale Re Insurance provider company gets final nod to set its first branch in

Mumbai?

a. Swiss Re b. HSBC

c. Swiss Pey d. None of these

47. Which of the following institutions is the umbrella organization for all retail payment system in India?

a. RBI b. NPCI

c. NSDL d. None of these

48. SBI Mirror, a NRI focused Mobile Banking applications launched by which of the following Banks?

a. ICICI b. SBI

c. South India Bank d. None of these


I. Easy Pay ICICI

II. BHIM NPCI

III. Aadhaar Pay IDFC

IV. SIB Mirror South India Banks



50. India successfully tested its interceptor missile off the Odisha coast, achieving a milestone in developing a

two layered ballistic missile deference system from Abdul Kalam Island. India becomes fourth country

which has missile defence system after, USA, Russia and _______.

a. Japan b. Israel

c. France d. None of these

51. RBI has launched a portal to curb illegal and unauthorized pooling of funds by unscrupulous firms. What is

it called?

a. Sachot b. Sanchet

c. Sachetna d. None of these

52. Which of the following India Navy ship becomes the first naval ship to go green by installing a solar power

system on board?

a. INS Sarvekshak b. INS CHANNAI

c. INS VIRAT d. None of these

53. The State Bank of India Board of directors has approved integer of its 5 associate banks with itself. Which

among the following is not a part of that group?

a. BMB b. State Bank of Saurashtra

c. UBI d. None of these

54. Who of the following Indian‟s Tabla Player wins Grammy award?

a. Sandeep Das b. Zakir Hussain

c. Pandit Ravi Shankar d. None of these

55. Who of the following is the author of the book “Army and Nation: The military and Indian Democracy

Independence”?

a. Steven Wilkinson b. Meghnad Desai

c. Sobhaa De d. None of these

FEBRUARY 2017

56. The cabinet approved the merger of State bank of India with five of its associate banks- State Bank of

Bikaner and Jaipur, State Bank of Hyderabad, Mysore, Patiala and Travancore. After merging SBI‟s market

capitalisation would be ___________.

a. Rs. 37 lakh Crore b. Rs. 40 lakh crore

c. Rs. 50 lakh Crore d. None of these

57. Who of the following is the head of committee which address the dispute between Telengana and Andhra

Pradesh to utilize Krishna river water?

a. A.K. Bajaj b. B.N. Sri Krishna

c. C. Rangarajan d. None of these

58. BBB (Bank Board Bureau) is in news recently. Which of the following is/are true about BBB?

I. Chief of BBB is Vinod Rai.

II. Chief of BBB is appointed by ministry of finance.

III. It is part of Mission Indradhanush a seven point programme to revamp the functioning of the

Public Sector Banking System.

a. All are true b. I and II are true.


59. Which of the following ministry launches TAMRA (Transparency, Auction Monitoring and Resource

Augmentation)?

a. Ministry of Mines b. Ministry of Finance

c. Ministry of Agriculture d. None of these

60. Which Indian Health institute has won first prize for sanitation and hygiene under the kayakalp award

2017?

a. AIIMS (New Delhi) b. PGIMER

c. NITRD (New Delhi) d. None of these

61. Human Haat-2017 is an initiation under USTTAD scheme. USTTAD scheme is a initiation of which of the

following ministry?

a. Ministry of Minority Affairs b. Ministry of Skill Development


62. State Bank of Saurashtra was merge into SBI in 2008 and State Bank of Indore in ________.

a. 2009 b. 2012


63. Central government has target double farmer‟s Income till _________.

a. 2021-22 b. 2018-19

c. 2025-26 d. None of these

64. Which one of the following Indian banks is not a nationalized bank?

a. Corporation Bank b. Dena Bank

c. Federal Bank d. Vijaya Bank

65. AMRIT (Affordable Medicines and Reliable Plants for Treatment) pharmacy is an effort of which ministry

to reduce the expenditure incurred by patients on treatment of cancer, cardiovascular and other diseases?

a. Ministry of Health & Family Welfare b. Ministry of Health

c. Ministry of Child development d. None of these

66. India has been ranked 143 in the Index of Economic Freedom 2017 released recently. Which of the

following agencies publishes this Index?

a. WEF b. Heritage Foundation

c. World Bank d. None of these

FEBRUARY 2017

67. Who of the following is selected for Vyas Samman award 2016 for his novel „Kaatna Shami ka Vriksha:

Padma Pankhuri ki Dhar se‟?

a. Surendra Verma b. Raghuveer Chaudhary

c. Vivek Sharma d. None of these

68. Which of the following Indian Institutions has introduced Middle Income Group Scheme (MIGS), a self

supporting scheme for providing legal service to the middle and relatively lower income group?

a. Supreme Court b. RBI

c. Ministry of Law d. None of these

69. Who has been chosen for the 2017 National Yash Memorial Award?

a. Shah Rukh Khan b. Salman Khan

c. Amir Khan d. None of these

70. Who is the author of the book “Hema Malini: Beyond the Dream Girl”?

a. Ram Kamal Mukherjee b. Pooja Gautam

c. Sobhaa De d. None of these

71. Which of the following ministries has issued SEZ India mobile Application?

a. Ministry of Commerce & Industry b. Ministry of Finance

c. Ministry of Law d. None of these

72. Reliance Aerostructure Limited has set up a joint venture with Dassault Aviation from France. Share

holding of Reliance in this joint venture is _____.

a. 41% b. 51%


73. Which among the following is not the main area of BASEL-III norms?

a. Risk coverage b. Bank Branch Expansion

c. Adequate provision d. Adequate Liquidity

74. For how many years, central government will give compensation to state after implementation of GST.



75. INSV Tarini was inducted into Indian Navy. INSV Tarini is a _________.

a. Sail Boat b. Submarine

c. Warship d. None of these

76. Central government has decided to impose 1% TCS (Tax Collection Source) on cash purchasing of jewelry

from April 1, 2017 if the amount exceeds Rs. ____ lakh.

a. 5 b. 3


77. GSTN (Goods & Service Tax Network) is a private entity in which government share is 49%. GSTN signs

a pact with which of the following company to prepare and maintain GSTN.

a. Infosys b. TCS

c. WIPRO d. None of these

78. Which of the following is the theme of budget 2017-18?

a. Budget for people b. Budget for poor

c. “Transform, Energize and clean India” take India d. None of these

FEBRUARY 2017

79. A machine-readable code consisting of any array of black & white squares, typically used for storing URLs

or the information for reading by the camera on a smartphone called as QR code. QR stands for

__________.

a. Quick Response b. Quick Rate

c. Quality Review d. None of these

80. Ministry of Health and Family welfare has launched „SAATHIYA‟ resource kit and „SAATHIYA SALAH‟

mobile app for adolescents, as part of Rashtriya Kishore Swasthya karyakaram (RKSK). Who of the

following is the cabinet Minister of Health and Family welfare?

a. J.P. Nadda b. Dr. Harshavardhan

c. Arun Jaitley d. None of these

81. Which public sector bank has signed MOU with the ministry of Human Resource Development to start

higher education financing agency?

a. Canara Bank b. SBI

c. HDFC d. None of these

82. Which public sector bank has won the National MSME Excellence Award 2017?

a. Corporation Bank b. Punjab National Bank

c. ICICI Bank d. None of these

83. The GST council has approved a law to compensate states for any loss of revenue from the implementation

of the new nationwide indirect taxation regime. GST will be implemented by July, 1 ________.

a. 2017 b. 2018


84. The World Day of Social Justice is observed on February____.

a. 20 b. 21


85. Which of the following is the new website of SBI?

a. bankSBI b. SBI.bank

c. Sbi.co d. None of these

86. Microsoft has announced a strategic partnership with which of the following e-Commerce company for

cloud partnership?

a. Flipkart b. Amazon

c. e-bay d. None of these

87. Central government starts listing process of rail PSUs named as IRCON, IRFC and IRCTC. The

government intends to raise ____________ crore through disinvestment of PSUs in the next fiscal.

a. Rs. 40000 b. Rs. 72500

c. Rs. 50000 d. None of these

FEBRUARY 2017


I. BITA Bilateral Trade and Investment Agreement

II. TFA Trade facilitation Agreement

III. TRIPS Trade Related Aspects of Intellectual Property Rights

IV. FTA Free Trade Area.



89. Virat Kohli became the first Indian sportsperson who signs a Rs. 100 crore endorsement deal with a single

brand. What is name of this brand?

a. Puma b. Nike

c. Paytm d. None of these

90. Indigenous digital payment app BHIM (Bharat Interface for Money) has recorded 17 million downloads so

far, NITI Aayog CEO Amitabh Kant said recently. BHIM app is launched by?

a. NPCI b. RBI


91. UAN (Universal Account Number) is in news recently. UAN related to which of the following

organization?

a. IRDAI b. EPFO

c. SEBI d. None of these

92. India signs a pact with which of the following country for rail safety in Indian railways?

a. Japan b. China


93. Shoot at sight order was issued in which of the following tiger reserve?

a. Corbett Tiger Reserve b. Manas Tiger Reserve

c. Ranthambore Tiger Reserve d. None of these

94. Bharat QR (Quick Response) code has been developed jointly by NPCI, VISA, MasterCard and _________

under instructions from RBI.

a. American Express b. SIDBI

c. Reliance d. None of these

95. Oriental Bank of Commerce has signed a pact which of the following company for distribution of the

latter‟s insurance product?

a. Cholomandalam MS General Insurance b. Bandhan Bank

c. IDFC d. None of these

96. Government doubles solar power capacity to 40000 MW till __________.

a. 2019-20 b. 2018-19

c. 2017-18 d. None of these

97. Telenor will be merged in to which of the following Indian Telecommunication Company?

a. Airtel b. Idea.

c. Reliance d. None of these

98. The union ministry of urban development approved development of 6 km long Bet-Dwarka Darshan

Circuit in Gujarat under Heritage city Development and augmentation Yojana (HRIDAY). Fund allocated

for HRIDAY in Union Budget 2017-18 is__________.



FEBRUARY 2017

99. Antyodaya Express a new train launched by Minister of Railways exclusively for ______.

a. Divyang b. Universal Passengers

c. Reserved Passenger d. None of these


Organization Headquarters

I. Federal Reserve Washington D.C

II. SIDBI Lucknow

III. RBI Mumbai

IV. IDBI Mumbai



101. Who of the following is the first chairman of IBBI (Insolvency and Bankruptcy Board of India)?

a. M.S Sahoo b. Vikram pant

c. Virat Acharya d. None of these

102. Hamari Dharohar, a new scheme launched by which of the following ministry?

a. Ministry of Minority affairs b. Ministry of HRD


103. IMF (International Monetary Fund) has projected India‟s GDP growth rate in 2016-17 is 6.6% and in 2017-

18 is _______.

a. 7.2% b. 7.9%


104. India and which of the following International organisations have signed a $ 375 million pact for loans and

grants to develop 800 km Visakhapatnam-Chennai industrial corridor?

a. ADB b. IMF

c. World Bank d. None of these

105. India signs a pact with which of the following country for social secure?

a. Germany b. U.S.A

c. Japan d. None of these

106. Digidhan Vyapari Yojana is a initiation of _________?

a. NITI Aayog b. RBI

c. Ministry of Telecommunication d. None of these

107. Which state government has launched pilot project “Sea ratio Monitoring Dashboard” for the state?

a. Haryana b. Himachal Pradesh

c. Madhya Pradesh d. None of these

108. Which state government has launched “RAHAT” project for treatment of heart disease in remote and rural

areas?

a. Rajasthan b. Odisha


109. India‟s first hill stations bicycle path has opened in which of the following state?

a. West Bengal b. Manipur

c. Tripura d. None of these

110. Which Indian city has been named as the richest Indian city, according to latest New World Wealth report?

a. Mumbai b. New Delhi


FEBRUARY 2017

111. Which state government has launched India‟s first post office passport service center?

a. Madhya Pradesh b. Uttar Pradesh

c. Sikkim d. None of these


Indian GDP growth rate 2016-17 Organisation

I. 6.6% IMF

II. 6.9% RBI

III. 6.5% Economic survey

IV. 7% ADB



113. India has signed MoU with which neighboring country for development of Sylhet city?

a. Bangladesh b. Bhutan


114. Who has become the new brand ambassador for “Swachh Bharat Mission”?

a. Shilpa Shetty b. Amitabh Bachchan

c. Amir khan d. None of these

115. In the Indian Context who amongst the following is regarded as the “Lender of the last resort”.

a. RBI b. EXIM Bank

c. NABARD d. None of these

FEBRUARY 2017

SPORTS NEWS

1. Russia will not participate in World Athletics Championship which will be held in _________.

a. London b. U.S.A.

c. China d. None of these

2. Hockey World Cup 2018 will be held in which of the following Indian city?

a. Bhubaneswar b. Pune

c. Lucknow d. None of these

3. Mohit Ahlawat is associated with which sport?

a. Cricket b. Chess

c. Football d. None of these

4. Mission Eleven Million is related to which of the following sport?

a. Football b. Cricket

c. Chess d. None of these

5. FIFA under – 17 football world cup will be held in India next year. Which of the following is the logo of

this tournament?

a. Khelio b. Tiger

c. Elephant d. None of these

6. Match the following-

I. FIFA U – 17 world cup India

II. World Athletics championship 2017 London

III. Hockey World Cup 2018 Bhubaneswar

IV. Olympic 2020 Tokyo



7. India wins Blind World T 20 cup after defeating in the final held in which city?

a. Bengaluru b. New Delhi


8. The world‟s longest elevated cycle path has opened in which country?

a. Japan b. China

c. Indian d. None of these

9. Which Indian sport person will represent IOC‟s Athletes Commission (AC) in the Badminton world

Federation (BWF)?

a. Saina Nehwal b. P.V sindhu

c. Prakash Padukone d. None of these

10. Kalinga lancers wins Hockey India League after defeating ______________?

a. Dabang Mumbai b. U.P Wizards

c. Delhi Waveriders d. None of these


I. Heena Sidhu Shooting

II. Chain Singh Shooting

III. Sanjeev Rajput Shooting

IV. Jitu Rai Shooting


c. I and IV are true d. None of these

12. Heena Sidhu and Jitu Rai won the gold in the mixed air-pistol event in the shooting world cup held in

________?

a. New Delhi b. Pune


FEBRUARY 2017

STATE NEWS

1. Which state tourism department has tied up with an online travel company “MakeMyTrip” to promote its

home-stay scheme?

a. Rajasthan c. Madhya Pradesh

c. Uttar Pradesh d. None of these

2. India‟s largest start up incubator will be set up in which of the following states?

a. Karnataka b. Uttar Pradesh


3. Center government has decided to set up two new “All India Institute of Medical science (AIIMS)” in

which of the following state?

a. Gujarat & Jharkhand b. Gujarat & Madhya Pradesh

c. Madhya Pradesh & Uttar Pradesh d. None of these

4. Which of the following state government has launched Chief Minister Samagra Gramya Unnayan Yojana

(CMSGUY) to bring about paradigm shift towards holistic development of villages in the state?

a. Assam b. Uttar Pradesh


5. Asim Basu, who passed away recently, was the renowned theatre actor from which of the following state?

a. Odisha b. Assam

c. West Bengal d. None of these

6. Which state government has launched kakatiya Hub For Social Innovation centre?

a. Telengana b. Tamil Nadu

c. Kerala d. None of these

7. From which state/union territory, the “Measles – Rubella (MR) vaccination campaign” has been launched?

a. Karnataka b. Goa

c. Tamil Nadu d. None of these

8. Which state was elected as host of 2022 National Games recently?

a. Mizoram b. Meghalaya


9. Which district of Kerala saw the launch of first fully digital tribal colony in the country?

a. Malapupuram b. Idukki

c. Kannur d. None of these

10. 17th International counter Terrorism seminar is going to held in which of the following city?

a. Gurugram b. Pune


11. Which state government has recently implemented e cabinet solution for the state cabinet members?

a. Arunachal Members b. Tripura

c. Manipur d. None of these

12. Which state has become the first Indian state establish cashless system for distribution of food grains?

a. Gujarat b. Uttar Pradesh


13. Aanandam programme is launched by which of the following state?


c. Goa d. None of these

14. Which of the following stuck becomes India‟s first state which opts for electronic transmission of Postal

ballot to service voters in the polls?

a. Goa b. Madhya Pradesh


FEBRUARY 2017

15. India‟s first floating elementary school named Loktak Elementary Floating School was inaugurated in

which of the following state?

a. Manipur b. Assam

c. Gujarat d. None of these

16. Which of the following has become the first in the country to adopt center‟s Mahila Police Volunteer

Scheme?

a. Haryana b. Bihar


17. GNFC township, which has become the India‟s first ever cashless town less is in which of the following

state?

a. Gujarat b. Bihar

c. West Bengal d. None of these

18. Which state has hosted the 2017‟s edition of “The Gateway of India Geo-Economic Dialogue”?

a. Maharashtra b. Kerala


19. Which of the following Indian cities is hosting Aero show 2017?

a. Bengaluru b. Pune

c. New Delhi d. None of these

20. The union cabinet chaired by PM has approved establishment of Food Legumes Research Platform (FLRP)

at Sehore. Sehore belongs to which state?


c. Bihar d. None of these

21. e-Pragati project aims to provide integrated “One Governance”. Which of the state has decided to mark

2017-18 as e-Pragati year?

a. Andhra Pradesh b. Uttar Pradesh


22. Who of the following is sworn in as the 13th

chief minister of Tamil Nadu?

a. Edappadi K Palani Swamy b. Okram Ibobi Singh

c. O Panneerselvam d. None of these

23. 2017 is to be observed as the “Year of Apple” by which of the following state?

a. Jammu & Kashmir b. Manipur

c. Himachal Pradesh d. None of these

24. Which of the following government has approved Rs. 250 crore for seeding programme during 2017

monsoon season to produce sufficient rain?

a. Maharashtra b. Madhya Pradesh


25. Who has been chosen as the new chief minister of Nagaland?

a. Shurhozelie liezietsu b. K.L. Chishi

c. Okram Ibobi Singh d. None of these

26. The Union Minister of Electronics and Information Technology (Meity) has launched Cyber Swachhata

Kendra in which of the following city for Botnet cleaning malware analysis?



FEBRUARY 2017

27. National Biodiversity congress 2017 was held in which of the following city of Kerala?

a. Thiruvananthapuram b. Trisoor

c. Calicut d. None of these

28. Which of the following states houses Asia‟s largest solar park?

a. Tamil Nadu b. Gujarat


29. Which of the following Indian cities host shooting world cup 2017?



30. Which state is set to become the first Indian state to have a public registry of sex offenders?

a. Kerala b. Tamil Nadu


31. The Andhra Pradesh government has signed MOU with which payment network company to transform

Vishakhapatnam into „less cash‟ city?

a. Master Card b. Visa

c. NPCI d. None of these

32. Which state government has made mandatory for all private schools to install solar system?

a. Haryana b. Uttar Pradesh


FEBRUARY 2017

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FEBRUARY 2017 - PrepMasters. CAPSULE - FEB.2017.pdf · The high level committee formed to study the feasibility of shifting financial year to January 1 submitted its ... Vivek Devrai