Current Banking Awareness Quiz – Set 04 (Target SBI Clerk Mains)

Current Banking Awareness Quiz – Set 04 (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. Which bank has launched the Vasool So-Ft tool for NPA recovery process?
    A) Syndicate Bank

    B) Kotak Mahindra Bank
    C) Andhra Bank
    D) Karnataka Bank
    View answer
      Option D
    Explanation: Karnataka Bank Ltd has launched the web tool named ‘Vasool So-Ft’ (Vasool So-Fast) – to digitalise the NPA (non-performing asset) recovery process of the bank.
  2. Who has been named as the next president of European Central Bank?
    A) Christine Lagarde

    B) Raghuram Rajan
    C) David Malpass
    D) Takehiko Nakao
    View answer
      Option A
    Explanation: Christine Lagarde has been nominated as the president of the European Central Bank. She will replace Mario Draghi, whose term ends on October 31, 2019 Christine Lagarde is the Managing Director of the International Monetary Fund. She has announced to temporarily relinquish (give up) her responsibilities as head of IMF. Economist David Lipton has been appointed as the interim MD (Acting Managing Director) of IMF in place of Lagarde.
  3. What is India’s GDP growth rate prediction as per Morgan Stanley in 2020?
    A) 6.2%

    B) 7.1%
    C) 6.9%
    D) 6.8%
    View answer
    Option B
    Explanation: Morgan Stanley India’s GDP at 6.2% in 2019 and 7.1% in 2020
  4. Karnam Sekar is the MD and CEO of which bank?
    A) Canara Bank

    B) Bank of Baroda
    C) Indian Overseas Bank
    D) Syndicate Bank
    View answer
    Option C
    Explanation: Karnam Sekar has taken over the charge new Managing Director and CEO of Indian Overseas Bank from July 01, 2019. He has replaced R Subramaniakumar. Karnam Sekar is the Former MD of Dena Bank
  5. Which country is on top in terms of money parked by its citizens and enterprises with Swiss bank?
    A) France

    B) China
    C) US
    D) UK
    View answer
    Option D
    Explanation: India has been ranked at 74th position in terms of money parked by its citizens and enterprises with Swiss bank as per the data released by Swiss National Bank (SNB). The UK is on top. UK is followed by the US, West Indies, France and Hong Kong in the top five.
  6. What is the minimum Leverage Ratio for Basel III Capital Regulations for Domestic Systemically Important Banks (DSIBs)?
    A) 3.5%

    B) 4%
    C) 4.5%
    D) 3%
    View answer
    Option B
    Explanation:
  7. What is the minimum Leverage Ratio for Basel III Capital Regulations for banks other than DSIBs?
    A) 3%

    B) 3.5%
    C) 4%
    D) 4.5%
    View answer
    Option B
    Explanation: The Reserve Bank of India has announced that from October 01, 2019 the minimum Leverage Ratio for Basel III Capital Regulations will be 4% for Domestic Systemically Important Banks (DSIBs) and 3.5% for other banks.
  8. Name the portal launched by RBI for keeping track of Banking Outlets?
    A) FLAIRS

    B) ICOMMS
    C) CISBI
    D) DSIB
    View answer
    Option C
    Explanation: The Reserve Bank maintains the directory of all Banking Outlets/offices in India. This directory is known as the “Master Office File” (MOF) system. Until now the system was updated manually as banks reported the details of Banking Outlets via email. Now to automate this process RBI has launched a portal Central Information System for Banking Infrastructure (CISBI) (https://cisbi.rbi.org.in) to replace the MOF system
  9. What is the present rate of interest on Senior Citizen Savings Scheme (SCSS)?
    A) 8.6%

    B) 8.4%
    C) 7.6%
    D) 7.9%
    View answer
    Option A
    Explanation: 8.6%
  10. Presently RBI has how many banking ombudsman offices in India?
    A) 20

    B) 21
    C) 22
    D) 23
    View answer
    Option C
    Explanation: RBI opens third office of the Ombudsman at New Delhi; Total Banking Ombudsman now 22

Read More Banking Awareness Topics

Attempt Banking Awareness Quiz

Leave a Comment