1) The Reserve Bank of India will transfer its surplus profit of 65,896 crore rupees to the Centre. This amount is ___ percent higher than previous year.
a. 5%
b. 19%
c. 25%
d. 33%
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Answer
Explanation
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ANSWER: 25%
Explanation:
Last year, the apex bank had transferred 52,679 crore rupees of its surplus profit to the Government.
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2) IDFC appointed whom as its MD and CEO for three years?
a. Sunil Kakar
b. Sunil Singh
c. Sunil Mehta
d. Sunil Arora
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Answer
Explanation
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ANSWER: Sunil Kakar
Explanation:
IDFC Ltd on 27th June announced the elevation of its CFO Sunil Kakar as the Managing Director and Chief Executive Officer of the company with effect from July 16 for three years.
Kakar has also been appointed as additional director.
Both the appointments are subject to shareholders’ approval at the annual general meeting (AGM).
Besides, the company announced that the Board has approved the resignation of veteran banker Vikram Limaye from the post of MD and CEO who is set to join leading stock exchange NSE as its new Managing Director and CEO.
Kakar joined IDFC as the Group Chief Financial Officer and was responsible for finance and accounts, business planning and budgeting and investor relations, among others.
Prior to joining IDFC, he had worked with Max New York Life Insurance Company since 2001 as CFO.
He has also worked with Bank of America for 18 years in various roles.
Vikram Limaye will quit the Committee of Administrators (COA) for BCCI on July 14 when the Supreme Court reopens, to take over as the Managing Director and CEO of National Stock Exchange (NSE).
Limaye is a member of a panel appointed by the Supreme Court to administer the Board of Control for Cricket in India (BCCI). The Securities and Exchange Board of India (Sebi) has cleared Limaye’s appointment as head of NSE provided he gives up his role in COA.
Limaye was with IDFC since 2005 and has over 25 years of experience of working with financial institutions, global investment banks, international commercial banks, and global accounting firms
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3) As per the notification by Reserve Bank of India (RBI) on 6th Aug’15, in which areas the banks are allowed to shift, merge or close branches without seeking its prior permission?
a. Urban Areas
b. Rural Areas
c. Semi-Rural Areas
d. Semi-Urban Areas
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Answer
Explanation
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ANSWER: Urban Areas
Explanation:
In a notification on its website, RBI said banks can “shift, merge or close all branches except rural branches and sole semi-urban branches at their discretion”. Shifting, merging or closing a branch in a rural area or a sole branch in a semi-urban area would, however, continue to require prior permission from RBI.
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4) When IDFC was established ?
a. 1995
b. 2000
c. 1997
d. 1998
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Answer
Explanation
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ANSWER: 1997
Explanation:
No explanation is available for this question!
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5) Where is the headquarter of IDFC?
a. New Delhi
b. Kolkata
c. Mumbai
d. Banglore
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Answer
Explanation
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ANSWER: Mumbai
Explanation:
No explanation is available for this question!
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6) IDFC will operate as a bank from
a. 1 Oct 2015
b. 1 Oct 2016
c. 15 August 2015
d. 1 January 2016
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Answer
Explanation
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ANSWER: 1 Oct 2015
Explanation:
No explanation is available for this question!
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7) IDFC has got which kind of licence?
a. Wholsale banking licence
b. Universal banking licence
c. Payemnt banking licence
d. None
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Answer
Explanation
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ANSWER: Universal banking licence
Explanation:
No explanation is available for this question!
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8) Who will be the non-executive chairman of IDFC banking entity?
a. Chanda Kochhar
b. Aditya Puri
c. Vinod Rai
d. Anil Baijal
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Answer
Explanation
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ANSWER: Vinod Rai
Explanation:
No explanation is available for this question!
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9) Who will be the chairman of IDFC banking entity?
a. Chanda Kochhar
b. Aditya Puri
c. Vinod Rai
d. Anil Baijal
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Answer
Explanation
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ANSWER: Anil Baijal
Explanation:
No explanation is available for this question!
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10) What is the full-form of IDFC?
a. Industrial Development Finance Company
b. Infrastructure Development Financial Company
c. Infrastructure Development Finance Company
d. Information Development Finance Company
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Answer
Explanation
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ANSWER: Infrastructure Development Finance Company
Explanation:
No explanation is available for this question!
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