Current Banking Awareness Quiz – Set 18

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 was the tenor of Long Term Repo Operations (LTROs) conducted by RBI in February 2020.
   A) 1 year
   B) 3 years
   C) 5 years
   D) 1 year and 3 years
   
   View answer

     Option D
   Explanation: one-year and three-year
2. What was the theme of Financial Literacy Week (FLW) 2020?
   A) Digital Payment
   B) Micro, Small and Medium Enterprises’ (MSMEs)
   C) NBFCs
   D) Loan Restructuring
   
   View answer

     Option B
   Explanation: Micro, Small and Medium Enterprises’ (MSMEs)
3. When was the Financial Literacy Week (FLW) 2020 observed by RBI?
   A) February 10 to 15
   B) February 09 to 14
   C) February 10 to 14
   D) February 09 to 15
   
   View answer

   Option C
   Explanation:
4. What was the total amount of liquidity injected by the Long Term Repo Operations (LTROs) conducted by RBI in February 2020?
   A) Rs 1.5 lakh crore
   B) Rs 1000 crore
   C) Rs 1 lakh crore
   D) Rs 10000 crore
   
   View answer

   Option C
   Explanation: The total amount of liquidity injected through these operations are up to Rs. 1,00,000 crore
5. Which of the following publication will be published by RBI to capture the extent of digitisation of payments effectively?
   A) Payment and Settlement Index
   B) Digital Payments Index
   C) Digital Payment and Settlement Index
   D) Payment Index
   
   View answer

   Option B
   Explanation:
6. Which of the following recently became the first country to close its financial market over coronavirus fears?
   A) Philippines
   B) Italy
   C) Germany
   D) France
   
   View answer

   Option A
   Explanation: The Philippines has become the first country to close its financial market over coronavirus fears.
7. The Reserve Bank of India has reduced the prudential exposure limits for Primary (Urban) Co-operative Banks (UCBs) for group of connected borrowers/parties to what percent?
   A) 40%
   B) 30%
   C) 25%
   D) 15%
   
   View answer

   Option C
   Explanation: The Reserve Bank of India has reduced the prudential exposure limits for Primary (Urban) Co-operative Banks (UCBs) for group of connected borrowers/parties from 40% to 25%.
8. Who is the MD and CEO of Yes Bank?
   A) Sunil Mehta
   B) Prashant Kumar
   C) Mahesh Krishnamurthy
   D) Atul Bheda
   
   View answer

   Option B
   Explanation: Prashant Kumar has been appointed as MD and CEO of Yes Bank. Sunil Mehta has been appointed as the non-executive chairman of Yes Bank.
9. Which bank was recently placed under moratorium by RBI?
   A) ICICI Bank
   B) Axis Bank
   C) YES Bank
   D) HDFC Bank
   
   View answer

   Option C
   Explanation: YES Ban
10. Which company has launched the World’s first ‘no internet’ payment service?
    A) Google
    B) NPCI
    C) Lava
    D) Facebook
    
    View answer

    Option C
    Explanation: Smartphone manufacturer Lava, has launched a payment app named Lava Pay which doesn’t requires an active internet connection for fund transfer.

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