Current Banking Awareness Quiz – Set 01 (Target SBI Clerk Mains)

Current Banking Awareness Quiz – Set 01 (Target SBI Clerk Mains)

Current Banking Awareness Quiz- Our current Banking Awareness Quiz section contains questions framed from the current banking topics that are in news. These questions are framed keeping in mind the upcoming SBI Clerk Mains exam and LIC ADO exam. 

Current Banking Awareness Quiz

  1. What is India’s rank in terms of GDP as per World Bank’s Gross Domestic Product (GDP) rankings in the year 2018?
    A) 5th

    B) 6th
    C) 7th
    D) 8th
    View answer
      Option C
    Explanation: India has been ranked at 7th in terms of GDP in the World Bank’s Gross Domestic Product (GDP) rankings in 2018. In 2018, India’s GDP was $2.72 trillion.
  2. Which Payments bank has recently announced that it will convert itself into a small finance bank?
    A) Airtel Payments Bank

    B) Paytm Payments Bank
    C) Jio Payments Bank
    D) India Post Payments Bank
    View answer
      Option D
    Explanation: The Postal Department has announced that it will convert its India Post Payments Bank into a small finance bank to a Small Finance Bank.
  3. -What is the amount of FDI received by India in 2018-19?
    A) $65.37 billion

    B) $64.37 billion
    C) $65.47 billion
    D) $64.47 billion
    View answer
    Option B
    Explanation: India has received the highest-ever FDI inflow of $64.37 billion during the fiscal year 2018-19.
  4. What is India’s GDP growth rate prediction as per CRISIL for FY20?
    A) 6.9%

    B) 6.5%
    C) 7.2%
    D) 7.1%
    View answer
    Option A
    Explanation: Global Rating Agency CRISIL has reduced the GDP growth rate prediction for India for FY20 from 7.1% to 6.9%.
  5. As per IBBI the process of liquidation must be finished within how much time of its commencement?
    A) 6 months

    B) 1 year
    C) 2 year
    D) 3 year
    View answer
    Option B
    Explanation: The Insolvency and Bankruptcy Board of India (IBBI) has announced that it has made the liquidation process a time-bound affair. Now the process of liquidation must be finished within one year of its commencement.
  6. Name the body that will be formed for the seamless sharing of data between financial bodies of all kinds centered around user consent?
    A) Aditi

    B) Sahamati
    C) Shakti
    D) Samvidhan
    View answer
    Option B
    Explanation: Nandan Nilekani has announced an industry body called “Sahamati” which will help individuals and small businesses share their digital financial data with third-parties in a safe and secure manner. He is the former chairman of UIDAI.
  7. Which of the following payments banks has recently announced its shutdown?
    A) Airtel Payments Bank

    B) Paytm Payments Bank
    C) Jio Payments Bank
    D) Aditya Birla Payments Bank
    View answer
    Option D
    Explanation: Aditya Birla Payments Bank has shut down its operations within 18 months of getting the license from RBI.
  8. Which bank has launched the digital platform InstaBIZ for MSMEs?
    A) Axis Bank

    B) HDFC Bank
    C) ICICI Bank
    D) IDBI Bank
    View answer
    Option C
    Explanation: ICICI Bank has announced the launched a new digital platform named “InstaBIZ” that is made for MSME and self-employed customers.
  9. Which bank has launched the Credit card for CSC’s Village Level Entrepreneurs (VLEs)?
    A) ICICI Bank

    B) HDFC Bank
    C) Axis Bank
    D) State Bank of India
    View answer
    Option B
    Explanation: HDFC Bank and Common Service Centre (CSC) SPV of Government of India, have launched a co-branded credit card ‘Small Business MoneyBack Credit Card’. It is aimed at small traders and village level entrepreneurs (VLEs).
  10. Anshula Kant who has been appointed as the MD and CFO of World Bank was associated with which bank in India?
    A) Reserve Bank of India

    B) State Bank of India
    C) ICICI Bank
    D) HDFC Bank
    View answer
    Option B
    Explanation: Anshula Kant of India has been appointed as managing director and chief financial officer of the World Bank. She is the managing director of the State Bank Of India.

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