Current Banking Awareness Quiz – Set 14
Current Banking Awareness Quiz – Our current Banking Awareness Quiz section contains questions framed from the current banking topics that are in news.
- RBI has raised the short term investment limit for Foreign Portfolio Investor (FPI) in government and corporate bonds to ________ percent
A) 30%
B) 20%
C) 40%
D) 50%
View answer
Option A
Explanation: The Reserve Bank of India (RBI) has raised the investment limit for Foreign Portfolio Investor (FPI) in government and corporate bonds from 20 percent to 30 percent for both, government and corporate bonds.
- RBI has recently raised the investment cap through voluntary retention route (VRR) for FPI investments in debt. What is the increased limit?
A) Rs 1.75 lakh crore
B) Rs 2.0 lakh crore
C) Rs 1.5 lakh crore
D) Rs 2.5 lakh crore
View answer
Option C
Explanation: RBI has made relaxation in the Voluntary Retention Route (VRR) for FPI investments in debt. The investment cap through VRR has been doubled to Rs 1.5 lakh crore, from 75,000 crore.
- ICICI Bank has launched cardless cash withdrawal facility from its ATMs. What is the maximum limit that can be withdrawn per day?
A) Rs 5000
B) Rs 20000
C) Rs 10000
D) Rs 15000
View answer
Option B
Explanation: Private lender ICICI Bank has launched cardless cash withdrawal facility from its ATMs under which the daily transaction limit as well as per transaction limit is set at Rs 20,000
- Pioneer Banking is a wealth management platform launched by which bank?
A) IndusInd Bank
B) ICICI Bank
C) HDFC Bank
D) Yes Bank
View answer
Option A
Explanation: Private sector lender IndusInd Bank has launched its wealth management platform under the name “Pioneer Banking”.
- What is the maximum loan amount that an MSME can borrow through the psbloanin59minutes portal?
A) Rs 10 crore
B) Rs 1 crore
C) Rs 2 crore
D) Rs 5 crore
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Option D
Explanation: An MSME can avail business loan from INR 1 Lac to INR 5 Crore through www.psbloansin59minutes.com.
- According to the latest estimate of International Monetary Fund (IMF), India’s GDP growth for 2019-20 is projected at ___________
A) 5.1%
B) 4.8%
C) 6.1%
D) 5.5%
View answer
Option B
Explanation: IMF has lowered India’s GDP growth rate to 4.8 percent for the current fiscal from 6.1 percent it projected in October World Economic Outlook (WEO).
- The South Central Zone (SCR) of Indian Railways has recently signed an MoU with which bank for ‘Doorstep Banking’?
A) Punjab National Bank
B) ICICI Bank
C) State Bank of India
D) Canara Bank
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Option C
Explanation: The South Central Zone (SCR) of Indian Railways and State Bank of India (SBI) has signed a Memorandum of Understanding for ‘Doorstep Banking’ to enable direct pickup of cash earnings from all 585 Railway stations on SCR Zone.
- RBI has released the National Strategy for Financial Inclusion (NSFI) in January 2020. The documents is a set of of recommendations and action plans to support sustainable financial inclusion over the next_______ years.
A) 2 years
B) 5 years
C) 7 years
D) 10 years
View answer
Option B
Explanation: RBI has released the National Strategy for Financial Inclusion (NSFI): 2019-2024. The document highlights the major issues that act as impediments to financial inclusion and comes up with a set of recommendations and action plans to support sustainable financial inclusion over the next 5 years.
- Name the bank which has recently acquired majority stake in Apollo Munich Health Insurance Company?
A) Axis Bank
B) Yes Bank
C) ICICI Bank
D) HDFC Bank
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Option D
Explanation: The mortgage lender Housing Development Finance Corporation (HDFC) has announced the completion of the acquisition of majority stake (51.16%) in Apollo Munich Health Insurance Company for Rs. 1,495.81 crore.
- What is the target set by the government for e-transactions in volume for the financial year FY20?
A) 45 billion
B) 30 billion
C) 55 billion
D) 50 billion
View answer
Option A
Explanation: Central Government has increased the target for e-transactions in the financial year ending March 2020 to 45 billion (by volume) from 40 billion.
