Current Banking Awareness Quiz

Current Banking Awareness Quiz – Set 16 (Target RBI Asst and SBI Clerk Mains)

Current Banking Awareness Quiz – Set 16

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. 

  1. What is India’s rating as per S&P?
    A) BB-
    B) AA-
    C) BBB-
    D) BBB+
    View answer
      Option C
    Explanation: Standard and Poor has affirmed India’s sovereign rating of ‘BBB-‘and maintained a “stable”outlook.
  2. Which bank has topped the list of highest increase in brand value among global banks, according to The Banker’s Top 500 Banking Brands 2020 report?
    A) IDBI Bank
    B) ICICI Bank
    C) Axis Bank
    D) IndusIns Bank
    View answer
      Option D
    Explanation: Induslnd Bank tops in highest growth in brand value among top global banks
  3. What is the minimum net worth requirement for pension fund managers as per PFRDA?
    A) Rs 50 Crore
    B) Rs 25 Crore
    C) Rs 100 Crore
    D) Rs 75 Crore
    View answer
    Option A
    Explanation: PFRDA Doubles Minimum Net Worth for Pension Fund Managers to Rs 50 cr
  4. What is the present Reverse Repo Rate as per the Sixth Bi-monthly Monetary Policy Statement, 2019-20?
    A) 5.15%
    B) 5.40%
    C) 5.65%
    D) 4.90%
    View answer
    Option A
    Explanation: Repo Rate – 5.15%; Reverse RR- 4.90%
  5. The self-service delivery facility, called ‘iBox’ has been launched by which bank?
    A) HDFC Bank
    B) IDBI Bank
    C) ICICI Bank
    D) Axis Bank
    View answer
    Option C
    Explanation: ICICI Bank Launches a unique self-service delivery facility ‘iBox’ for customers
  6. What is the Investment cap set by RBI for FPI through Voluntary Retention Route (VRR)?
    A) Rs 75,000 crore
    B) Rs 1.5 lakh crore
    C) Rs 1 lakh crore
    D) Rs 50,000 crore
    View answer
    Option B
    Explanation: The investment cap through VRR has been doubled to Rs 1.5 lakh crore, from 75,000 crore.
  7. What is the limit set by RBI that FPI can invest in government and corporate bonds?
    A) 20%
    B) 30%
    C) 25%
    D) 35%
    View answer
    Option B
    Explanation: RBI Raises FPI Investment Limit in Government and Corporate bonds from 20% to 30%
  8. Pioneer Banking is a wealth management platform launched by which bank?
    A) IDBI Bank
    B) IndusInd Bank
    C) ICICI Bank
    D) Axis Bank
    View answer
    Option B
    Explanation: IndusInd Bank Launches Wealth Management Platform ‘PIONEER’ Banking
  9. What is the FDI Limit in Bharti Airtel as approved by DoT?
    A) 49%
    B) 51%
    C) 74%
    D) 100%
    View answer
    Option D
    Explanation: DoT Approves 100 Percent FDI in Bharti Airtel
  10. What is RBI’s rank in gold buyer abroad in the year 2019, as per the World Gold Council (WGC) report titled, “World Gold Outlook 2020”?
    A) 3
    B) 4
    C) 5
    D) 6
    View answer
    Option D
    Explanation: The Reserve Bank of India (RBI) was the sixth largest gold buyer abroad in the year 2019, as per the World Gold Council (WGC) report titled, “World Gold Outlook 2020”.

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