Current Banking Awareness Quiz – Set 19
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.
- The Indian Accounting Standards (IndAS) will be applicable on Non-Banking Financial Companies and Asset Reconstruction Companies (ARCs) for the preparation of their financial statements from which Financial Year?
A) FY20
B) FY21
C) FY22
D) FY23
View answer
Option A
Explanation: The Reserve Bank, with the objective to promote high quality consistent implementation and facilitate comparison and better supervision, placed on its website, the draft regulatory guidance on Indian Accounting Standards (IndAS) on March 13, 2020. The regulatory guidance will be applicable on IndAS implementing Non-Banking Financial Companies and Asset Reconstruction Companies (ARCs) for preparation of their financial statements from Financial Year 2019-20 onwards.
- What will be the total amount for which the Reserve Bank will conduct auctions of targeted term repos of up to three years tenor of appropriate size?
A) ₹ 2,00,000 crore
B) ₹ 1,50,000 crore
C) ₹ 1,00,000 crore
D) ₹ 2,50,000 crore
View answer
Option C
Explanation: for a total amount of up to ₹ 1,00,000 crore
- The auctions of targeted term repos of up to three years tenor to be conducted by RBI will be linked to which rate?
A) reverse repo rate
B) policy repo rate
C) MCLR
D) MSF
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Option B
Explanation:
- What is the cash reserve ratio (CRR) of all banks set by RBI w.e.f March 28, 2020?
A) 2%
B) 3%
C) 4%
D) 3.5%
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Option B
Explanation: As a one-time measure to help banks tide over the disruption caused by COVID-19, the Reserve Bank decided to reduce the cash reserve ratio (CRR) of all banks by 100 basis points to 3.0 per cent of net demand and time liabilities (NDTL) with effect from the reporting fortnight beginning March 28, 2020.
- Reserve Bank on March 30, 2020 increased the Foreign Portfolio Investment (FPI) limit in corporate bonds to _____ of outstanding stock for FY 2020-21.
A) 10%
B) 30%
C) 25%
D) 15%
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Option D
Explanation: 15%
- Till June 30, 2020, banks can borrow overnight at their discretion by dipping up to ________ into the Statutory Liquidity Ratio (SLR).
A) 2%
B) 25%
C) 3%
D) 3.5%
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Option C
Explanation: In view of the exceptionally high volatility in domestic financial markets, the Reserve Bank decided to increase the Marginal Standing Facility (MSF) limit of 2 per cent to 3 per cent with immediate effect applicable up to June 30, 2020.
- Which of the statements is/are correct?
(i) Allahabad Bank has been amalgamated into Indian Bank.
(ii) Oriental Bank of Commerce and United Bank of India have been amalgamated into Punjab National Bank
(iii) Union Bank of India and Andhra Bank have been amalgamated into Corporation Bank.
(iv) Syndicate Bank has been amalgamated into Canara Bank
A) (i) , (ii) and (iii)
B) (i) , (ii) and (iv)
C) (ii) , (iii) and (iv)
D) All Four
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Option B
Explanation: Further to the amalgamation of Allahabad Bank into Indian Bank Scheme, 2020 dated March 04, 2020, issued by the Government of India, all branches of Allahabad Bank will function as branches of Indian Bank from April 01, 2020. Further to the amalgamation of Andhra Bank and Corporation Bank into Union Bank of India Scheme, 2020 dated March 04, 2020, issued by the Government of India, all branches of Andhra Bank and Corporation Bank will function as branches of Union Bank of India from April 01, 2020. Further to the amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank Scheme, 2020 dated March 04, 2020, issued by the Government of India, all branches of Oriental Bank of Commerce and United Bank of India will function as branches of Punjab National Bank from April 01, 2020. Further to the amalgamation of Syndicate Bank into Canara Bank Scheme, 2020 dated March 04, 2020, issued by the Government of India, all branches of Syndicate Bank will function as branches of Canara Bank from April 01, 2020.
- The implementation of Net Stable Funding Ratio (NSFR) has been deferred to?
A) December 01, 2020
B) October 31, 2020
C) September 30, 2020
D) October 01, 2020
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Option D
Explanation: The Reserve Bank decided to defer the implementation of Net Stable Funding Ratio (NSFR) by six months from April 01, 2020 to October 01, 2020.
- As decided in the Seventh Bi-monthly Monetary Policy, what is the new policy rate corridor?
A) 50 bps
B) 55 bps
C) 60 bps
D) 65 bps
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Option D
Explanation: MSF- Repo
- Which category of bank has not been permitted by RBI to allow moratorium period on payment of installments in respect of all term loans outstanding as on March 01, 2020?
A) regional rural banks
B) small finance banks
C) payments bank
D) all have been alowed
View answer
Option C
Explanation: payments bank=> since they cannot give loans
