Current Banking Awareness Quiz – Set 12 (Target IBPS Clerk Mains 2019-2020)
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 Clerk Mains Exam.
- Which organization has recently launched the MANI Mobile app?
A) SEBI
B) RBI
C) IRDAI
D) SIDBI
View answer
Option B
Explanation: Reserve Bank of India has launched a mobile application named “Mobile Aided Note Identifier (MANI)” for aiding visually impaired persons to identify the denomination of Indian Banknotes.
- Name the e-auction platform launched by Government to enable online auction of attached assets by banks?
A) eBkray
B) eVikalp
C) eAuction
D) eVyapar
View answer
Option A
Explanation: Finance Minister Nirmala Sitharaman launched a common e-auction platform ‘eBkray’ (eBक्रय), on December 28, 2019, to enable online auction of attached assets by banks transparently and cleanly for the improved realization of value.
- Companies with turnover of _______ will be mandated to provide RuPay Debit card and UPI QR code payment facility to their customers.
A) Rs 10 crore
B) Rs 20 crore
C) Rs 25 crore
D) Rs 50 crore
View answer
Option D
Explanation: The Union Finance Minister Nirmala Sitharaman has announced that no Merchant Discount Rate (MDR) will be applicable on transactions made through RuPay and UPI platforms with effect from 01 January 2020. Also, all companies with a turnover of Rs 50 crore and above will now be mandated to provide the facility of payment through RuPay Debit card and UPI QR code to their customers.
- RBI has directed Large UCBs to report all exposures above ___________ to CRILC?
A) Rs 5 crore
B) Rs 50 crore
C) Rs 500 crore
D) Rs 100 crore
View answer
Option A
Explanation: The Reserve Bank of India has decided that all Primary (Urban) Co-operative Banks (UCBs) having total assets of Rs 500 crore and above as on 31 March, 2018 shall report their credit information, including classification of an account as Special Mention Account (SMA), on all borrowers having aggregate exposures of Rs 5 crore and above with them to Central Repository of Information on Large Credits (CRILC) maintained by the Reserve Bank
- What is the Growth forecast of India for FY20 by IMF?
A) 4.9%
B) 6.1%
C) 5.1%
D) 4.6%
View answer
Option B
Explanation: 6.1%
- What is the aggregate lending cap set by RBI across all NBFC-P2P lending platforms?
A) Rs 20 lakh
B) Rs 25 lakh
C) Rs 50 lakh
D) Rs 1 crore
View answer
Option C
Explanation: In order to protect consumers interest, the Reserve Bank of India (RBI) has set Rs 50-lakh cap on the aggregate exposure of a lender to all borrowers across all Non-Banking Financial Company – Peer to Peer (NBFC-P2P) lending platforms at any point of time.
- RBI has announced a special Open Market Operation (OMO) Purchase and Sale of Government of India Dated Securities for what amount?
A) Rs 100 crore
B) Rs 5,000 crore
C) Rs 15,000 crore
D) Rs 10,000 crore
View answer
Option D
Explanation: The Reserve Bank has decided to conduct simultaneous purchase and sale of government securities under Open Market Operations (OMO) for ₹10,000 crores each.
- What is the GST rate decided for lottery effective from March 2020?
A) 5%
B) 18%
C) 28%
D) Nil
View answer
Option C
Explanation: GST Council fixes 28% uniform tax rate for lottery effective from March 2020
- Which bank was in news recently for crossing the $100 billion Market Cap?
A) Axis Bank
B) State Bank of India
C) ICICI Bank
D) HDFC Bank
View answer
Option D
Explanation: As per the Bloomberg data, HDFC Bank Ltd has crossed the $100 billion market capitalisation on December 19, 2019 to become the only third firm in the country to achieve this milestone.
- The Asian Development Bank (ADB) has signed what amount of loan agreement with Energy Efficiency Services Limited (EESL) in December 2019 to expand energy efficiency investments in India?
A) USD 250 million
B) USD 100 million
C) USD 150 million
D) USD 500 million
View answer
Option A
Explanation: ADB & India Signs USD 250 million loan to expand energy efficiency investments
