GK Questions: Indian Economy – Set 34

Hello Aspirants.

Welcome to Online General Knowledge section in Affairs cloud, which is important for all the competitive exams. We have created Some questions related to Indian GK(Indian Economy) !!!

1. Financial stability board (FSB) was setup in which year ?
   1.2009
   2.2010
   3.2001
   4.2010
   5.None of these
   

   Answer & Explanation

   Answer – 1.2009
   Explanation :
   Financial stability board (FSB) was setup in 2009. It is an international body affiliated with G20. Purpose: Monitor Global financial system. HQ: Basel, Switzerland.
   
   
   
2. Which two bank was declared as  State Bank  of India and ICICI Bank as D-SIBs by RBI last year ?
   1.SBI & HDFC
   2.Axis & BOI
   3.Indian Bank & ICICI
   4.ICICI & SBI
   5.None of these
   

   Answer & Explanation

   Answer – 4.ICICI & SBI
   Explanation :
   The Reserve Bank of India (RBI) declared State Bank of India and ICICI Bank as Domestic Systemically Important Banks (D-SIBs) on 31^st August 2015.
   
   
   
3. The first general social insurance scheme launched in which country ?
   1.America
   2.India
   3.Germany
   4.Russia
   5.None of these
   

   Answer & Explanation

   Answer – 3.Germany
   Explanation :
   The first general social insurance  scheme  was  introduced  in Germany in 1883
   
   
   
4. Swavalamban Yojana for whom ?
   1.Private Sectors
   2.Public Sectors
   3.Organised Sectors
   4.Unorganised sectors
   5.All of these
   

   Answer & Explanation

   Answer – 4.Unorganised sectors
   Explanation :
   Swavalamban Yojana was a government-backed pension scheme targeted at the unorganised sector in India. It was applicable to all citizens in the unorganised sector who joined the National Pension Scheme (NPS) administered by the Pension Fund Regulatory and Development Authority (PFRDA) Act 2013.
   
   
   
5. Hawala Operators can spilt the whole amount (say 1 crore) into several small units into several JDY accounts is known as
   1.Smuggling
   2.Smurfing
   3.Money Mules
   4.Strugling
   5.None of these
   

   Answer & Explanation

   Answer – 2.Smurfing
   Explanation :
   A smurf is a colloquial term for a money launderer, or one who seeks to evade scrutiny from government agencies by breaking up a transaction involving a large amount of money into smaller transactions below the reporting threshold. A smurf deposits illegally gained money into bank accounts for transfer in the near future.
   
   
   
6. Which is act as the central nodal authority for Bharat Bill Payment System(BBPS) ?
   1.RBI
   2.NPCI
   3.GOI
   4.SBI
   5.None of these
   

   Answer & Explanation

   Answer – 2.NPCI
   Explanation :
   National Payment Corporation of India (NPCI) would act as the central nodal authority for Bharat Bill Payment System overlooking all complaints as well as audit of payment procedures.
   
   
   
7. Which bank allow user to send money to their facebook friends without knowing their account numbers ?
   1.Kotak Mahindra Bank
   2.Axis Bank
   3.HDFC Bank
   4.Lakshmi Vilas Bank
   5.None of these
   

   Answer & Explanation

   Answer – 1.Kotak Mahindra Bank
   Explanation :
   Kay Pay – First of its kind money transfer service providing a simple way to send money to friends, without even knowing their account numbers
   Limit – 2500 – 25000
   
   
   
8. …………..is an important concept and basically developed for rural areas of country where less number of banks
   1.KISOK banking
   2.SMART Banking
   3.KIRAN Banking
   4.MITR Banking
   5.None of these
   

   Answer & Explanation

   Answer –1.KISOK banking
   Explanation :
   KIOSK banking is an important concept and basically developed for rural areas of country where less number of banks are and people can’t reach to the bank to use their services.
   
   
   
9. Junk bonds are………… income instrument
   1.Fixed
   2.Stable
   3.Unfixed
   4.Unstable
   5.None of these
   

   Answer & Explanation

   Answer – 1.Fixed
   Explanation :
   A junk bond refers to high-yield or non investment-grade bonds. Junk bonds are fixed-income instruments that carry a credit rating of BB or lower by Standard & Poor’s, or Ba or below by Moody’s Investors Service.
   
   
   
10. ………..is a campaign of the Government of India which aims to bring banking services to large rural areas
    1.Swavalambana
    2.India bole YES
    3.Access Bank
    4.Swabhimaan
    5.None of these
    

    Answer & Explanation

    Answer – 4.Swabhimaan
    Explanation :
    Swabhimaan is a campaign of the Government of India which aims to bring banking services to large rural areas. It was launched by Smt. Sonia Gandhi  on February 10, 2011