Current Banking Awareness Quiz – Set 13 (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. 

1. Name India’s first corporate bond ETF launched by Edelweiss AMC?
   A) Green Bond ETF
   B) Wealth Bond ETF
   C) Corporate Bond ETF
   D) Bharat Bond ETF
   
   View answer

     Option D
   Explanation: Edelweiss Asset Management Company (AMC) has launched India’s first corporate bond exchange-traded fund (ETF), called the Bharat Bond ETF. Bharat Bond ETF is also the country’s largest new fund offer (NFO) ever.
2. Mastercard has partnered with which bank to Offer Identity Check Security for Digital Transactions?
   A) Axis Bank
   B) Federal Bank
   C) ICICI Bank
   D) HDFC Bank
   
   View answer

     Option B
   Explanation: Global payments technology major Mastercard has tied up with Private Sector, scheduled commercial bank, Federal Bank, to provide an additional layer of identity check security called ‘Mastercard Identity Check’ for digital transactions by bank’s cardholders. ‘Mastercard Identity Check’ is a global authentication program which makes use of the latest authentication standards of EMV 3-D Secure.
3. What is the full form of MANI app launched by RBI for visually impaired persons?
   A) Mobile Aided Note Identifier
   B) Money And Note Identifier
   C) Money Aided Note Installer
   D) Mobile and Note Identifier
   
   View answer

   Option A
   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.
4. What is the minimum paid up capital requirement for Primary (Urban) Co-operative Banks (UCBs) to become Small Finance Bank?
   A) Rs 50 crore
   B) Rs 200 crore
   C) Rs 100 crore
   D) Rs 150 crore
   
   View answer

   Option C
   Explanation: Rs 100 crore
5. Payments bank can convert into SFB after how many years of operation?
   A) 2 years
   B) 3 year
   C) 4 year
   D) 5 year
   
   View answer

   Option D
   Explanation: 5 years
6. How many batches of NEFT is available on each day?
   A) 24
   B) 12
   C) 48
   D) 49
   
   View answer

   Option C
   Explanation: There will be 48 half-hourly batches every day.
7. What is the GDP rate prediction by RBI for FY19?
   A) 5.0%
   B) 6.1%
   C) 6.9%
   D) 6.5%
   
   View answer

   Option A
   Explanation: The GDP growth projection for FY19 is pegged at 5.0% from earlier expectation of growth of 6.1 percent
8. Which of the following security has been recently added to repo transactions by RBI?
   A) Debt Exchange Traded Funds
   B) Commercial Exchange Traded Funds
   C) Repo Exchange Traded Funds
   D) Mutual Exchange Traded Funds
   
   View answer

   Option A
   Explanation: RBI adds Debt ETFs as eligible securities for repo transactions
9. What is the Swap arrangement corpus under Framework on Currency Swap Arrangement for SAARC countries by RBI?
   A) USD 1 billion
   B) USD 2 billion
   C) USD 5 billion
   D) USD 10 billion
   
   View answer

   Option B
   Explanation: Under the revised condition (Framework for 2019-22) RBI will continue to offer swap arrangement within the overall corpus of US $ Two billion. The drawals can be made in US Dollar, Euro or Indian Rupee.
10. Which bank has launched the ‘Maha Loan Dhamaka’ to provide on-the-spot loan approvals?
    A) Axis Bank
    B) State Bank of India
    C) ICICI Bank
    D) HDFC Bank
    
    View answer

    Option C
    Explanation: ICICI Bank

Read More Banking Awareness Topics

Attempt Banking Awareness Quiz

Attempt Current Banking Awareness Quiz