Current Banking Awareness Quiz – Set 17

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 amount of loan will SIDBI provide to MSEs that are manufacturing medical supplies for COVID-19?
   A) Rs 25 lakhs
   B) Rs 1 crore
   C) Rs 50 lakhs
   D) Rs 75 lakhs
   
   View answer

     Option C
   Explanation:
2. What is the GDP growth rate prediction for India for FY21 as per CRISIL?
   A) 2.5%
   B) 3.5%
   C) 2.0%
   D) 5.2%
   
   View answer

     Option B
   Explanation: Small Industries Development Bank of India (SIDBI) will provide loans up to Rs 50 lakh to micro and small enterprises (MSEs) that are manufacturing medical supplies for fighting the novel coronavirus (COVID-19).
3. What is the Policy Repo Rate as announced in the Seventh Bi-monthly Monetary Policy Statement, 2019-20 Resolution of the Monetary Policy Committee (MPC)?
   A) 4.00%
   B) 4.40%
   C) 4.65%
   D) 5.25%
   
   View answer

   Option B
   Explanation: Repo Rate- 4.40%; Reverse Repo Rate- 4.00%; MSF- 4.65%; Bank Rate- 4.65%; CRR- 3%
4. What amount of financial support has NABARD provided towards building rural infrastructure in the current fiscal year 2019-20?
   A) Rs 41,513 crore
   B) Rs 43,613 crore
   C) Rs 43,213 crore
   D) Rs 42,313 crore
   
   View answer

   Option D
   Explanation: The apex agriculture financial institution, National Bank for Agriculture and Rural Development (NABARD) has provided a financial support up to Rs 42,313 crore towards building rural infrastructure in the current fiscal year 2019-20.
5. SBI will provide what percent of its annual profit for 2020-21 to fight the coronavirus outbreak in India?
   A) 1%
   B) 0.50%
   C) 0.75%
   D) 0.25%
   
   View answer

   Option D
   Explanation: State Bank of India (SBI) has announced to provide 0.25 percent of its annual profit for 2020-21 to fight the coronavirus outbreak in India.
6. Who has been appointed as the new MD & CEO of IndusInd Bank?
   A) Sumant Kathpalia
   B) Mahabaleshwara MS
   C) Madhav Kalyan
   D) P.V. Bharathi
   
   View answer

   Option A
   Explanation: Romesh Sobti Retires as MD & CEO of IndusInd Bank; Sumant Kathpalia Assumes Charge
7. Which bank has launched the pre-paid card Enkasu?
   A) Andhra Bank
   B) Indian Bank
   C) Karur Vysya Bank
   D) South Indian Bank
   
   View answer

   Option C
   Explanation: In line with the digital initiative of the Government of India, Karur Vysya Bank has launched a pre-paid card named ‘Enkasu’ in Karur, to reduce the usage of cash in the district
8. What is the GDP Rate prediction for India in FY21 as per UBS?
   A) 4.0%
   B) 4.4%
   C) 4.8%
   D) 4.9%
   
   View answer

   Option A
   Explanation: UBS Securities has cut India’s growth forecast for FY21 to 4% from the previous 5.1%. The decrease is due to the coronavirus outbreak.
9. Which bank has launched the COVID 19 Emergency Credit Line (CECL) facility?
   A) Reserve Bank of India
   B) State Bank of India
   C) Punjab National Bank
   D) ICICI Bank
   
   View answer

   Option C
   Explanation: State Bank of India has launched an emergency loan facility for its existing loan customers whose business has been hit due to Coronavirus 2019 (COVID 19).
10. What is the outlay of COVID-19 Response Fund of the World Bank?
    A) $10 Billion
    B) $14 Billion
    C) $12 Billion
    D) $20 Billion
    
    View answer

    Option B
    Explanation: World Bank Group Increases COVID-19 Response Fund to $14 Billion from $12 Billion

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