Current Affairs Quiz 2 August 2018

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1. The NHAI has signed an MoU with which bank for an unsecured loan of Rs 25k crore?
   A) State Bank of India
   B) ICICI Bank
   C) Bank of Baroda
   D) HDFC Bank
   
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   Option A
   Explanation: National Highways Authority of India (NHAI) is getting an unsecured loan of Rs 25,000 crore from State Bank of India for 10 years with 3 years of moratorium on repayments. This is the largest amount of loan to have been sanctioned to NHAI in one stroke by any institution. This is also the largest long term unsecured loan sanctioned by SBI at a time to any entity. 
2. What is the estimated GDP growth of India as predicted by Morgan Stanley for the fiscal 2018-19?
   A) 7.1%
   B) 7.5%
   C) 7.2%
   D) 7.6%
   
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   Option B
   Explanation: Morgan Stanley has predicted, India’s gross domestic product (GDP) will grow by 7.5 % in the financial year 2018 – 2019 as against 6.7 per cent in 2017-18.
3. Name the first Indian state to implement the national policy on biofuels.
   A) Haryana
   B) Gujarat
   C) Rajasthan
   D) Madhya Pradesh
   
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   Option C
   Explanation: Rajasthan has become the first State in the country to implement the national policy on biofuels unveiled by the Centre in May 2018. 
4. Name the first foreign bank which has received the approval of RBI to open its wholly-owned subsidiary route in India.
   A) Industrial & Commercial Bank of China
   B) Citibank
   C) Doha Bank
   D) State Bank of Mauritius
   
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   Option D
   Explanation: Mauritius-based SBM Group has received Reserve Bank of India’s approval to operate in the country through a wholly-owned subsidiary route — the first foreign lender to receive such a licence after local incorporation was introduced in 2013. The bank will soon operate as a banking subsidiary of SBM Group in India under the name of SBM Bank (India) Ltd.
5. Name the online portal launched by Inland Waterways Authority of India (IWAI) to connect cargo owners and shippers.
   A) VOCAL
   B) GLOCAL
   C) LOCAL
   D) FOCAL
   
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   Option D
   Explanation: The Inland Waterways Authority of India (IWAI) has launched a dedicated portal to connect cargo owners and shippers with real time data on availability of vessels. The portal is named as the Forum of Cargo-Owners and Logistics-Operators (FOCAL). 
6. Name the Indian bank which tops the list of India’s most valuable bank in terms of market capitalization?
   A) HDFC Bank
   B) Kotak Mahindra Bank
   C) State Bank of India
   D) ICICI Bank
   
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   Option A
   Explanation: Kolkata-based Bandhan Bank Ltd became the seventh most valued listed lender, beating Yes Bank. HDFC Bank Ltd remained the country’s most valuable bank with a market capitalization of Rs 5.70 trillion, followed by State Bank of India and Kotak Mahindra Bank Ltd with market capitalization of Rs 2.63 trillion and Rs 2.5 trillion, respectively. 
7. Where is the headquarter of Bandhan Bank Ltd located?
   A) Pune
   B) New Delhi
   C) Mumbai
   D) Kolkata
   
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   Option D
   Explanation: Kolkata-based Bandhan Bank Ltd on Wednesday became the seventh most valued listed lender, beating Yes Bank. 
8. The Reserve Bank of India has recently ordered which payments banks to stop enrolling new customers?
   i. Paytm Payments Banks
   ii. Fino Payments Bank
   iii. Airtel Payments Bank
   A) i & iii
   B) ii & iii
   C) i & ii
   D) All the above
   
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   Option C
   Explanation: Reserve Bank of India (RBI) has halted two of the three existing payments bank from enrolling new customers. Paytm and Fino payments banks are the two banks. The central bank in its auditing of payments banks in May found Fino Payments non-compliant with the operational guidelines laid down by it. According to RBI’s operating guidelines for payments banks, a customer can make deposits of up to ₹1 lakh per account in a year. Such banks cannot accept deposits beyond this limit. 
9. The headquarter of Inland Waterways Authority of India (IWAI) is located in which state?
   A) Gurgaon
   B) Noida
   C) Pune
   D) New Delhi
   
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   Option B
10. Where is the headquarter of the National Highways Authority of India (NHAI) loacted?
    A) New Delhi
    B) Mumbai
    C) Hyderabad
    D) Kolkata
    
    View answer

    Option A

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