Financial Current Affairs Quiz for RBI Grade B & BMSB PO 2016 - August - Set 1



Hello and welcome to exampunditHere is the  first set of Financial Current Affairs Questions for the upcoming BMSB PO and RBI Grade B 2016. These are based on the Current Affairs from August 1 to 4, 2016 . The topics include, news related to finance, industry, MoU, investments, reports related to economy and all the financial awareness.


1. With which of the following institutes did BSE recently sign a MoU for collaboration in the areas including cyber security?
1) IIT Kanpur
2) IIT Kharagpur
3) IIT Bombay
4) IIT Delhi
5) IIT Guwahati



2. According to the RBI released guidelines for 'on tap' licensing of universal private sector banks, the large industry houses can invest up to ____________.
1) 49%
2) 20%
3) 10%
4) 15%
5) 33%



3. Marwa Thermal Power Station is located in which state?
1) Chhattisgarh
2) Madhya Pradesh
3) Rajasthan
4) Gujarat
5) Telangana


4. The Goods & Services Tax Bill is the _______ amendment of the Indian Constitution.
1) 111th
2) 122nd
3) 120th
4) 115th
5) 119th



5. State Bank of India (SBI) recently announced to offer overdraft facility to ______ small accounts.
1) 120,000
2) 70,000
3) 700,000
4) 750,000
5) 800,000



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6. According to the RBI released guidelines for 'on tap' licensing of universal private sector banks, for what period the In-principle nod for bank will be valid?
1) 18 months from date of grant
2) 12 months from date of gran
3) 10 months from date of gran
4) 24 months from date of gran
5) 15 months from date of gran



7. In the GST Bill, which of the following is NOT a state tax to be subsumed?
1) Service Tax
2) Central Sales Tax
3) Purchase Tax
4) Entertainment Tax
5) Taxes on advertisements, lotteries, betting, gambling



8. Which of the following states recently signed a MoU with Japan to develop a food value chain in the state?
1) Haryana
2) Madhya Pradesh
3) Gujarat
4) Kerala
5) Andhra Pradesh



9. Initially, Goods & Services Tax will Not apply to –
1) petroleum crude
2) natural gas
3) aviation turbine fuel
4) Alcohol for human consumption
5) all of them



10. Kedar Upadhye was recently appointed as ____________.
1) CFO of Microsoft
2) CEO of Cipla India
3) GM of Mondelez India
4) CFO of Cipla Global
5) CFO of Cipla India






Regards



Team ExamPundit

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