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GK BOOSTER
Top 30 Banking & Financial Awareness Questions
March Month 2018
Dear readers,

GK Booster docket is a collection of top 30 Banking & Financial Awareness questions which is based on
important news and events that occurred in the month of March 2018. This file is important for all
upcoming Banking & Insurance exams.

GK Booster

1. Which committee constituted by the government to consider various issues related to Fintech for making regulations
more flexible and promoting financial inclusion in the country? Subhash Chandra Garg Committee
2. Which country became India's top crude oil supplier in the current fiscal? Iraq
Note:
• For the first time, Iraq has surpassed Saudi Arabia to become India's top crude oil supplier in the current fiscal.
• Traditionally Saudi Arabia is a top oil supplier to India.
• Iran continues to be the third largest supplier to India
• Venezuela is India's fourth largest supplier of crude oil.
3. The government approved the proposal for establishment of ‘NFRA’ to tighten the regulatory oversight over
chartered accountants and plug loopholes. What is the expand form of ‘NFRA’? National Financial Reporting
Authority.
Note:
• National Financial Reporting Authority (NFRA) will work as an independent regulator for the auditing
profession.
• Under the Companies Act 2013, the NFRA will have power to impose penalties on erring audit firms.
4. The International Labour Organisation (ILO) projected unemployment rate in India is expected to continue at how much
percent in 2018? 3.5%
Note:
• The International Labour Organisation (ILO) has projected unemployment rate in India is expected to
continue at 3.5% in 2018.
• The data is released in the ‘World Employment and Social Outlook Trends – 2018’ report which was
published by ILO.
• The headquarter of ILO is in Geneva, Switzerland.
• Santosh Gangwar Minister of State for Labour and Employment
5. Rating agency CRISIL projected India’s GDP growth to be accelerated at how much percent in fiscal 2019? 7.5%
Note:
• CRISIL is India's first credit rating agency.
• The headquarter of CRISIL is located in Mumbai.
6. The Reserve Bank of India has imposed a penalty of Rs 3 crore on which bank for violation of NPA classification norms?
Axis Bank
Note:
• RBI fined Rs 2 crore on Indian Overseas Bank for not complying with the KYC regulations.
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7. What is the rank of India in Energy Transition Index 2018? 78th

Note:
• India was ranked at 78th among 114 countries in Energy Transition Index.
• The World Economic Forum published the index.
• Top three countries on the index are – Sweden, Norway and Switzerland.
8. What is the rank of India in World Happiness Index 2018? 133rd
Note:
• India ranked at 133rd positions among 156 countries in the World Happiness Index 2018.
• The report is published by the UN Sustainable Development Solutions Network's (SDSN).
• The top three nations in the index are - Finland, Norway and Denmark.
• Last year India was ranked at 122nd positions.
• Pakistan is ranked 75th, down 58 places from India. Bhutan is 97th and China is 86th.
9. The first International Solar Alliance summit was held in which city? New Delhi
Note:
• The first International Solar Alliance summit was held in New Delhi.
• The summit was co-hosted by President Ram Nath Kovind and his French counterpart President Emmanuel
Macron.
• The International Solar Alliance (ISA) was launched jointly by India and France following the Paris
Declaration at the UN Climate Change Conference on November 30, 2015.
• Its headquarter is located at National Solar Energy Institute (NSEI) at Gwalpahari, Gurugram in Haryana.
10. The largest solar power plant in Uttar Pradesh inaugurated in which district? Mirzapur
Note:
• Prime Minister Narendra Modi and French President Emmanuel Macron inaugurated the 75 MW solar
power plant in Mirzapur.
• It is the largest solar power plant in Uttar Pradesh.
• The solar power plant has been built in the with French solar power firm ENGIE SOLAR at Dadar Kalan
village in Mirzapur.
11. The government has made providing passport details mandatory for taking loans of _____ and above. Rs. 50 crore
Note:
• The main aim of this decision is to ensure a swift action in case of fraud and prevent fraudsters from fleeing
the country.
• Now for all existing loans of over 50 crore rupees, banks have been asked to collect passport details of
borrowers within 45 days.
12. Which bank launched ‘InstaOD’ country’s first online and instant overdraft facility for MSMEs (Micro, Small and
Medium Enterprises) customers? ICICI Bank
Note:
• ‘InstaOD’ is a fully digital and completely paperless procedure.
• MSMEs customers can avail overdraft facility up to Rs 15 lakh for a year anytime, anywhere using the
bank’s Internet and mobile banking app.
13. Which bank opened a representative office in Sharjah? Axis Bank
Note:
• The representative office in Sharjah is the third such Axis Bank office in the UAE after Dubai and Abu
Dhabi.
• Shikha Sharma is a present CEO & Managing director of the Axis Bank.
• Axis Bank headquarter is in Mumbai.

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• The UAE has the largest NRI community in the world with a dynamic and diverse population base of 3.3
million NRIs.

14. All Bank Finance Ltd (ABFL) merged with which bank? Allahabad Bank.
Note:
• CEO of Allahabad Bank - Usha Ananthasubramanian
• Headquarter of Allahabad Bank – Kolkata, West Bengal
15. President of India Ram Nath Kovind released commemorative coins in what denominations of on Lord Jagannath’s
Nabakalebar festival in Odisha? ₹10 and ₹1000.
Note:
• The designing and minting of coins in various denominations is also the responsibility of the Government of
India.
• Ministry of Finance issues all the coins, including the Re.1 currency notes.
• Under the Section 22 of the RBI Act 1934, RBI has the sole right to issue Bank notes of all denominations
except one rupee note.
16. Who has been appointed as the new Governor of the Central Bank of China “People's Bank of China”? Yi Gang
Note:
• Yi Gang became the new Governor of the Central Bank of China “People's Bank of China”.
• Yi Gang replaced Zhou Xiaochuan.
• People's Bank of China head office is in Beijing, China.
17. In which country the first G20 Meeting of Finance Ministers and Central Bank Governors was held? Argentina.
Note:
• The First G20 Meeting of Finance Ministers and Central Bank Governors was held in Buenos Aires, Argentina.
• The 2018 G20 summit will be the 13th meeting of Group of Twenty (G20).
• The summit will be held on 30 Nov – 1 Dec 2018 in the city of Buenos Aires, Argentina.
• It will be the first-ever G20 summit to be hosted in South America.
• G 20 Summit in 2017 was held in Hamburg, Germany.
18. World Trade Organisaton (WTO) ministerial meeting was held in _____. New Delhi, India.
Note:
• World Trade Organisaton (WTO) ministerial meeting was held in New Delhi, India.
• This was the second mini-ministerial meeting being hosted by India, after the first one being held in 2009 in New
Delhi.
• India is one of the founding Members of the World Trade Organization.
• The World Trade Organization is an intergovernmental organization that regulates international trade.
• WTO headquarter is in Geneva, Switzerland.
• Roberto Azevêdo is the head of the WTO.
19. The government of India had imposed anti-dumping duty on import of Ofloxacin from which country? China
Note:
• The government has imposed anti-dumping duty on import of Ofloxacin from China.
• Ofloxacin is pharma product of China which is used in treatment of certain infections.
Ofloxacin
• Ofloxacin is in class of antibiotics called fluoroquinolones.
• It is used to treat certain infections including bronchitis, pneumonia and infections of skin, bladder, urinary
tract, reproductive organs, and prostate (a male reproductive gland).
• It works by killing bacteria that cause infections.

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20. Which entity became the world’s first Trusted Digital Repository? National Cultural Audio-visual Archives
(NCAA)
Note:
• National Cultural Audio-visual Archives (NCAA) became the world’s first Trusted Digital Repository.
• NCAA has been certified as the world’s first Trusted Digital Repository as per ISO 16363:2012 standard,
granted by Primary Trustworthy Digital Repository Authorisation Body Ltd. (PTAB), United Kingdom.
• The main objective of the NCAA is to identify and preserve the cultural heritage of India available in audio-
visual form through a process of digitization and making it accessible to the people.
• National Cultural Audio-visual Archives (NCAA) is a project of the Ministry of Culture, Government of India.

21. On March 2018, India and which country signed agreement for the avoidance of double taxation and the prevention of
fiscal evasion with respect to taxes on income? Hong Kong
22. Goldman Sachs lowered India’s GDP growth forecast for the fiscal year 2018-19 to _____from 8% earlier. 7.6%
Note:
• World Bank & Fitch projected India’s GDP growth at 7.3% in 2018-19.
23. India and which organizations signed an agreement to share earth observation data from each other’s satellites?
European Union
Note:
As per the agreement -
• The EU will provide India free, full and open access to its global data from its Copernicus satellite system.
• India, on its part, will provide the Copernicus programme an open access to the data from Isro’s earth
observation satellites, including Oceansat-2, Scatsat-1.
• The European Union is a political and economic union of 28-member states.
• The headquarter of European Union is in Brussels, Belgium.
24. India and Asian Development Bank (ADB) signed $80 million loan agreement to help boost Youth Employability in which
state? Himachal Pradesh
Note:
• The project will help modernize technical and vocational education and training (TVET) institutions and
improve the skills ecosystem in Himachal Pradesh.
• The project will help in training the youth with market-relevant technical and vocational skills.
25. The Export-Import Bank (Exim Bank) will provide how much credit facility to ECOWAS Bank for Investment and
Development (EBID) to fund various development projects in the western-south Africa? USD 500 million
Note:
• The Export-Import Bank (Exim Bank) will provide a USD 500 million credit facility to ECOWAS Bank for
Investment and Development (EBID) to fund various development projects in the western-south Africa.
• The LoC of USD 500 million to EBID is an umbrella limit for financing developmental projects in 15-
member countries of EBID in West African region -- Benin, Burkina Faso, Cape Verde, Cote d'Ivoire, Gambia,
Ghana, Guinea, Guinea Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo.
26. Which country became the third largest Electricity Producer in the World? India
Note:
• India became the 3rd largest electricity producer in the world.
• The electricity production grew in India is 34% over seven years to 2017.
• India now produces more energy than Japan and Russia, which had 27% and 8.77% more electricity
generation capacity installed, respectively.
• The top 3 Producers of Electricity in the world are-1. China, 2. The USA & 3. India.

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27. What is the rank of India in automobile market in the world? 4th
Note:
• According to the latest global data, India surpassed Germany to become the fourth largest automobile
market in the world.
• India automobile sales which includes passenger and commercial vehicles grew by 9.5%.
• The top 3 countries on the list are-1. China, 2. USA & 3. Japan.
28. Which Small Finance bank signed an agreement with the Chennai Super Kings (CSK) to launch a new ‘Yellow Army
Savings Account’ to increase its customer base? Equitas Small Finance Bank
Note:
• Chennai Super Kings (CSK) is a franchise of the Indian Premium League (IPL).
• The yellow army savings account will offer an interest rate of 6% per annum for balance below Rs10 lakh and
6.5% per annum for balance above Rs10 lakh.
• The average quarterly balance requirement will be Rs10,000 per account.
• The headquarter of Equitas Small Finance Bank is in Chennai, Tamil Nadu.
29. On March 2018, India and which country signed a MoU to establish bilateral cooperation activities in the field of
Intellectual Property (IP)? Canada
30. The Reserve Bank of India had imposed a monetary penalty of Rs. 58.9 crore on which bank for violating norms
relating to sale of government securities from the held-to-maturity category? ICICI Bank
Note:
• The Central Bank stated this penalty has been imposed in the exercise of powers vested with the RBI under
the provisions of the Banking Regulation Act, 1949, taking into account failure of the bank to adhere to its
directions/guidelines.
• There are certain conditions for the business of HTM Securities. Banks can sell 5 percent of HTM securities
without any prior permission.
• After this limit, banks must seek permission from the Reserve Bank and also have to disclose it in the
Annual Report.

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