Current Banking Awareness Quiz – Set 21

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 GDP growth rate prediction as per UN ESCAP in FY21?
   A) 5.0%
   B) 4.9%
   C) 4.8%
   D) 5.1%
   
   View answer

     Option C
   Explanation: India’s GDP for FY21 projected at 4.8%: UN ESCAP 2020
2. What is the interest rate on Kisan Vikas Patra (KVP) for Quarter ending June 2020?
   A) 6.8%
   B) 6.9%
   C) 7.1%
   D) 7.4%
   
   View answer

     Option B
   Explanation: 6.9%
3. What is the present maturity period under the Kisan Vikas Patra (KVP)?
   A) 113 months
   B) 112 months
   C) 124 months
   D) 123 months
   
   View answer

   Option C
   Explanation: 6.9% (maturity- 124 months)
4. United Bank of India has been merged with which bank?
   A) Canara Bank
   B) Punjab National Bank
   C) Union Bank of India
   D) Indian Bank
   
   View answer

   Option B
   Explanation: Oriental Bank of Commerce and United Bank of India will merge with Punjab National Bank (PNB) branches
5. Which bank has become the country’s second largest bank after the amalgamation scheme of government.
   A) Canara Bank
   B) Punjab National Bank
   C) Union Bank of India
   D) Indian Bank
   
   View answer

   Option B
   Explanation: Also, the anchor bank Punjab National Bank will become the country’s second largest bank with asset size of Rs 17.94 lakh crore, after SBI (over Rs 52 lakh crore).
6. ADB will invest what amount in Indian infrastructure sector via NIIF?
   A) USD 100 million
   B) USD 150 million
   C) USD 120 million
   D) USD 125 million
   
   View answer

   Option A
   Explanation: USD 100 million
7. What is the raised limit that FPIs can invest in corporate bonds?
   A) 9%
   B) 12%
   C) 15%
   D) 18%
   
   View answer

   Option C
   Explanation: RBI Increases FPI limit in Corporate Bonds to 15% for FY21
8. Name the new route introduced by RBI for foreign investors to invest in Govt-Sec?
   A) FPI
   B) VRR
   C) FAR
   D) VAR
   
   View answer

   Option C
   Explanation: the Reserve Bank has introduced a separate channel, called the ‘Fully Accessible Route’ (FAR), for non-residents to invest in specified Government of India dated securities.
9. What amount has SBI raised via its third green bond sale?
   A) USD 100 million
   B) USD 200 million
   C) USD 150 million
   D) USD 250 million
   
   View answer

   Option A
   Explanation: SBI raises $100 million via green bonds
10. The amendment in Employees’ Provident Funds (EPF) Scheme 1952, will permit withdrawal, upto the amount of basic wages and dearness allowance for three months or upto _________ of the amount standing to member’s credit in the EPF account.
    A) 60%
    B) 70%
    C) 75%
    D) 80%
    
    View answer

    Option C
    Explanation: 75%

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