Current Banking Awareness Quiz – Set 07 (Target IBPS RRB 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 IBPS RRB Mains Exam.
- Sa-Dhan and which organisation have jointly unveiled the ‘Code for Responsible Lending’ (CRL) for the micro-credit industry?
Option A
Microfinance Institutions Network (MFIN) and Sa-Dhan have jointly unveiled the ‘Code for Responsible Lending’ (CRL) for the micro-credit industry. - BillDesk has partnered with which of the following for the rollout of SI-Hub?
Option A
Visa and BillDesk have partnered for the rollout of SI-Hub which is a seamless and secure way to make recurring payments using cards with a one-time enrollment. - Which of the follwoing scheme has been launched by ECGC to Enhance Loan Availability to Exporters?
Option D
he ECGC (Export Credit Gurantee Corporation of India) has launched a new Export Credit Insurance Scheme (ECIS) named NIRVIK (Niryat Rin Vikas Yojna) to enhance loan availability to exporters and also help ease the lending process. - Which of the following scheme will replace Merchandise Exports from India Scheme (MEIS)?
Option B
New Scheme for Remission of Duties or Taxes on Export Product (RoDTEP)– It will replace the Merchandise Exports from India Scheme (MEIS). Existing dispensation in textiles of MEIS + old ROSL will continue up to 31.12.2019.
MEIS will transit into RODTEP from 1.1.2020.
It will incentivise exporters at an estimated cost of Rs 50,000 crore to the exchequer. - The RBI has increased the banks’ exposures limit to a single NBFC from 15 percent of their available eligible capital base to ___________
Option C
As announced in the Statement on Developmental and Regulatory Policies dated August 7, 2019 the Reserve Bank of India has made amendments in the Large Exposures Framework (LEF).
The RBI has increased the banks’ exposures limit to a single NBFC from 15 percent of their available eligible capital base to 20%. However, this is not applicable to gold loan companies. - What is the Risk Weight for Consumer Credit?
Option C
The Reserve Bank of India has reduced the Risk Weight for Consumer Credit except credit card receivables from 125% to 100%. - What is the Risk Weight for credit card receivables?
Option A
The Reserve Bank of India has reduced the Risk Weight for Consumer Credit except credit card receivables from 125% to 100%.
The Consumer Credit includes personal loans also. After this the Risk Weight for credit card receivables continues to be 125%. - What amount will the World Bank provide to finance mini and mega food parks in India?
Option D
Rs 3,000 crore - What is the deadline for one-time facility for compounding of income tax offences launched by CBDT?
Option B
CBDT launches one-time facility for compounding of income tax offences, Deadline- 31 Dec 2019 - What is India’s GDP rate prediction for FY20 as per CRISIL?
Option D
Global rating agency CRISIL has downgraded India’s GDP growth to 6.3% in FY20 from earlier prediction of 6.9%.