Banking : Questions and Answers - 9

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K. V. Kamath

1) Who has been appointed as President of NDB Bank?

Ans. K. V. Kamath

2) Aim of National Manufacturing Policy?

Ans. The share of manufacturing in GDP to rise by 25% in 2022

- Increase in growth of manufacturing sector to 12 to 14 percent across the medium term

- Increase in rate of employment creation in manufacturing for creation of 100 million additional  
        jobs by 2022

- Enhanced global competitiveness of Indian manufacturing through efficient policy support

- Launch of the Make in India programme in 201 with the aim of attracting business to make        
        investments in manufacturing sector in India

3) Aim of MUDRA Bank?

Ans. Aim is to provide financial assistance to the "unfunded" small entrepreneurs who provide
employment to a large number of people.

4) Main aim of National Mission for Green India with MGNREGS?

Ans. afforestation at 10 million hectares of land over the next decade, with MGNREGA to increase
and improve the country's forest cover.

5) Which services payment bank can provide?

Ans. Payment banks can accept deposits restricted to Rs. 1 lakh per customer, and are allowed to pay
customers interest on the money that is being deposited. They can be used for either current accounts
or savings accounts.

6) What are the special benefits provided under PMJDY?

Ans. The bank account opened under PMJDY will be a zero balance account and customers are not
required to maintain any minimum balance.

A Rupay Kisan Debit Card will be issued which can be used to withdraw money from ATM’s and
free accident insurance up to Rs 2 Lakh will be provided for those who open their bank account
within 100 days of scheme being launched.

An overdraft facility of Rs 5000 will be provided after six months of opening the account at the
discretion of the bank only if your account has been active and seen a lot transactions. The over-draft
limit which is like a short term loan can be increased up to Rs 15,000 if the repayment is prompt.

7) Global Competitiveness Index Report 2014-15, India’s rank has changed from which level to 
which level?

Ans. 71 from 60

8) Chairman of 14th Finance Commission?

Ans. Y. Venugopal Reddy

9) How much share inhanced in the recommendation of 14th Finance Commission?

Ans. Raised to 42% from 32%

10) Who wrote “Poor Economics”?

Ans.  Abhijit Banerjee, Esther Duflo

11) India is not a member of SAARC/ASEAN/BRICS/FATP?

Ans. ASEAN -  Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines,
Singapore, Thailand, and Vietnam.

12) The saving rate of the country for the year 2013-14 was?

Ans. 7.2 % of GDP

13) The Economic Survey estimated the GDP of India at current market prices for the year 2014-15?

Ans. GDP - 10656925 INR CRORES , Growth - 7.4%

14) According to the Economic Survey 2014-15,the contribution percentage of the services sector? 

Ans. 40%

15) Foreign Exchange Reserves of the country as at the end of the 30th October was around?

Ans. $353.63 billion

16) Which Index RBI is using for measuring Inflation?

Ans. Consumer Price Index (CPI)

17) According to Census 2011, India’s current urban population and how much they contribute to 
India’s GDP?

Ans. nearly 31% of India's current population and contribute 63% of GDP

18) What change make GOI in the method of calculating GDP?

Ans. India now measures GDP by market prices instead of factor costs, to take into account gross
value addition in goods and services as well as indirect taxes. The base year has been shifted to
2011/12 from 2004/05 earlier

19) Which CM heads the Task Force for Skill Development under NITI Aayog?

Ans. Prakash singh badal

20) Which area is covering by Bali Trade Agreement?

Ans. Trade facilitation ,  Agriculture , Cotton , Development and LDC issues

21) Which organization published World Happiness Index 2015?

Ans.  Sustainable Development Solutions Network (SDSN)

22) During 10th Plan period to 11th Plan period change in the contribution of agriculture sector to the Indian Economy?

Ans.  Agriculture growth continues to be sluggish and was of the order of 2.1 percent during the 10th
Plan,despite a target of 4% growth.