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Financial Awareness Practice Set 5

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Financial Awareness Practice Set 5

shape Introduction

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 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 5 provides quiz sets useful to the candidates while preparing Various Banking & Government Exams like SBI PO, SBI Clerk, SSC CPO, SSC CHSL.

shape Quiz

1. What is the current repo rate in the [latex]5^{th}[/latex] bi-monthly Monetary Policy Review (MPR) of RBI for 2017-18?
    A. 5.9% B. 6.0% C. 6.1% D. 6.2% E. 6.3%

Answer: Option B
2. Which country to host the [latex]3^{rd}[/latex] Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB)?
    A. South Africa B. India C. China D. Brazil E. Russia

Answer: Option B
3. The Union government will bear how much amount of MDR charges to promote digital transactions?
    A. Rs 12,000 B. Rs 10,000 C. Rs 8,000 D. Rs 4,000 E. Rs 2,000

Answer: Option E
4. Which city to host the annual meeting of World Economic Forum (WEF) 2018?
    A. Delhi B. Tokyo C. Davos D. Beijing E. New York

Answer: Option C
5. Which state hosted the India’s first Tribal Entrepreneurship Summit-2017?
    A. Chhattisgarh B. Bihar C. Orissa D. Himachal Pradesh E. Nagaland

Answer: Option A
1. What was the theme of the [latex]8^{th}[/latex] edition of the Global Entrepreneurship Summit (GES-2017)?
    A. Step into digital world B. Modern India – modern Markets C. One India – One Market D. Digital India E. Women First, Prosperity for All

Answer: Option E
2. Which online facility has been launched by the Union government to resolve foreign trade issues?
    A. Contact@DGFI B. Contact@DGFT C. Contact@FFFT D. Contact@DGTT E. Contact@DGIT

Answer: Option B
3. Which union ministry has signed anMoU with Central Board of Direct Taxes (CBDT) for automatic and regular exchange of information?
    A. Ministry of Information and Broadcasting B. Ministry of Finance C. Ministry of Commerce and Industry D. Ministry of Corporate Affairs E. none of the above

Answer: Option D
4. Which international organisation has granted $175,000 for healthcare of Rohingya refugees in Cox’s Bazar of Bangladesh?
    A. FAO B. WHO C. WB D. IMF E. UNICEF

Answer: Option B
5. The Union government has set up special fund ‘DPIDF’ to boost dairy sector. What does “DPIDF” stands for?
    A. Dairy Processing and Infra Development Fund B. Dairy Processing and Intra Development Fund C. Dairy Processing and Infrastructure Development Fund D. Dairy Processing and Investment Development Fund E. Dairy Processing and Internal Development Fund

Answer: Option C
1. The Asian Development Bank (ADB) will increase annual lending to India to a maximum of how much amount for 2018-22?
    A. $3 billion B. $4 billion C. $5billion D. $6 billion E. $7 billion

Answer: Option B
2. Bangladesh has signed how much amount of loan deal with India for its infrastructure and social sector development?
    A. $4.5 billion B. $5.5 billion C. $6.5 billion D. $7.5 billion E. $8.5 billion

Answer: Option A
3. Which IIT institute has signed a MoU with Samsung for digital academy?
    A. IIT-Bombay B. IIT-Madras C. IIT-Kharagpur D. IIT-Kanpur E. IIT-Jodhpur

Answer: Option C
4. The Andhra Pradesh government has tied up with which financial services company for Vizag Digital DhanSankalp (VDDS) project?
    A. Religare B. MasterCard C. Angle Broking D. Muthoot Finance E. Visa

Answer: Option E
5. The NIIF of India has signed a pact worth $1 billion with Abu Dhabi Investment Authority (ADIA). What does NIIF stands for?
    A. National Investment and Infrastructure Fund B. National Investment and Intelligence Fund C. National Investment and Infra Fund D. National Investment and Inter-cooperative Fund E. none of the above

Answer: Option A

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