Current Banking Awareness Quiz – Set 15
Target- RBI Assistant Mains and 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.
- What is the interest rate on PF deposits for 2019-20?
A) 8.65%
B) 8.6%
C) 8.5%
D) 8.4%
View answer
Option C
Explanation: Retirement fund body, Employees’ Provident Fund Organization, (EPFO) has lowered the interest rate on provident fund deposits to 8.5 percent for the current financial year 2019-20.
- What is the GDP rate projection for India by OECD in FY21?
A) 5%
B) 5.1%
C) 5.6%
D) 5.8%
View answer
Option B
Explanation: GDP rate projection for India by OECD in FY21?- 5.1%; GDP rate projection for India by OECD in FY22?- 5.6%
- Recently Sumant Kathpalia has been named MD-CEO of which bank?
A) Airtel Payments Bank
B) IDFC First Bank
C) Axis Bank
D) IndusInd Bank
View answer
Option D
Explanation: Sumant Kathpalia named new MD-CEO of IndusInd Bank
- Finance Minister Nirmala Sitharaman recently launched the EASE 3.0 Reform Agenda. What does EASE stands for?
A) Easy Access and Service Enhancement
B) Enhanced Access and Service Excellence
C) Ease of Access and Secure Environment
D) Easily Accessible and Secured Environment
View answer
Option B
Explanation: Finance Minister Nirmala Sitharaman launched the EASE (Enhanced Access and Service Excellence) 3.0 reform agenda on February 26, 2020 to bring reform in the existence of Public Sector Banks (PSBs) through the use of FinTech, AI & analytics.
- Who has been recently appointed as MD, CEO of CIBIL?
A) Rajesh Kumar
B) Satish Rawat
C) Devendra Dwivedi
D) Sushil Mishra
View answer
Option A
Explanation: Rajesh Kumar of HDFC Bank has been appointed as the new managing director and chief executive officer of TransUnion Cibil.
- The “UPI Chalega” Campaign to promote UPI has been launched by?
A) Government of India
B) Reserve Bank of India
C) National Payments Corporation of India
D) State Bank of India
View answer
Option C
Explanation: National Payments Corporation of India (NPCI) has launched an industry campaign named “UPI Chalega” to promote UPI as Easy, Safe, and Instant mode of payment.
- Microsoft has partnered with which bank to train differently-abled people to find jobs?
A) IDBI Bank
B) State Bank of India
C) HDFC Bank
D) ICICI Bank
View answer
Option B
Explanation: Microsoft partners with SBI to train differently-abled people to find jobs
- What is India’s rank in economy as per US-based think tank World Population Review?
A) 4
B) 5
C) 6
D) 8
View answer
Option B
Explanation: As per a report by a US-based think tank World Population Review, India’s economy is the fifth-largest in the world with a GDP of $2.94 trillion, overtaking the UK and France in 2019 to take the fifth spot.
- What amount of loan agreement has the World Bank signed with India to support the Atal Bhujal Yojana (ABHY) – National Groundwater Management Improvement Programme?
A) USD 250 million
B) USD 500 million
C) USD 800 million
D) USD 450 million
View answer
Option D
Explanation: India, World Bank sign $ 450 mn loan agreement to support Atal Bhujal Yojana (ABHY) to improve groundwater management
- Who is the head of the Municipal Bonds Development Committee formed by SEBI?
A) Mr Sujit Prasad
B) Mr Vijit Sinha
C) Mr Ankur Saxena
D) Mr Amit Sharma
View answer
Option A
Explanation: SEBI has constituted a municipal bonds development committee. The committee will be headed by the Executive Director of SEBI, Mr Sujit Prasad and comprise of representatives from municipal corporations, lawyers, professionals and market practitioners.
