Current Banking Awareness Quiz – Set 22

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. The settlement of first batch of NEFT will commence after what time?
   A) 00:00 hours
   B) 00:30 hours
   C) 01:00 hours
   D) 08:00 hours
   
   View answer

     Option B
   Explanation: The settlement of first batch will commence after 00:30 hours and the last batch will end at 00:00 hours.
2. Mastercard has tied up with which bank for Mastercard Identity Check?
   A) ICICI Bank
   B) Axis Bank
   C) HDFC Bank
   D) Federal Bank
   
   View answer

     Option D
   Explanation: Mastercard has tied up with Private Sector, scheduled commercial bank, Federal Bank, to provide an additional layer of identity check security called ‘Mastercard Identity Check’ for digital transactions by bank’s cardholders.
3. Which is the first bank in India to cross $100 billion Market Cap?
   A) SBI
   B) ICICI Bank
   C) HDFC Bank
   D) Punjab National Bank
   
   View answer

   Option C
   Explanation: First in Bank and 3^rd as overall company
4. What is the aggregate lending cap set by RBI across all NBFC-P2P lending platforms?
   A) Rs 10 lakh
   B) Rs 25 lakh
   C) Rs 50 lakh
   D) Rs 1 crore
   
   View answer

   Option C
   Explanation: RBI sets lending cap on NBFC-P2P platforms at Rs 50 lakh
5. Which organisation has launched the app MANI?
   A) SBI
   B) RBI
   C) SEBI
   D) SIDBI
   
   View answer

   Option B
   Explanation: Reserve Bank of India has launched a mobile application named “Mobile Aided Note Identifier (MANI)” for aiding visually impaired persons to identify the denomination of Indian Banknotes.
6. As per Deutsche Bank, Indian economy is expected to grow to ___ by 2030.
   A) $5 trillion
   B) $2 trillion
   C) $10 trillion
   D) $7 trillion
   
   View answer

   Option D
   Explanation: Indian economy likely to grow to $7 trillion by 2030: Deutsche Bank
7. Which bank has announced the Residential Builder Finance with Buyer Guarantee (RBBG) scheme to safeguard home buyers financially.
   A) PNB
   B) HDFC Bank
   C) Axis Bank
   D) SBI
   
   View answer

   Option D
   Explanation: SBI Announces Residential Builder Finance with Buyer Guarantee (RBBG) Scheme to Safeguard Homebuyers
8. What is the Minimum Net Worth for Pension Fund Managers?
   A) Rs 50 crore
   B) Rs 25 crore
   C) Rs 10 crore
   D) Rs 100 crore
   
   View answer

   Option A
   Explanation: PFRDA Doubles Minimum Net Worth for Pension Fund Managers to Rs 50 cr
9. 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) Yes Bank
   B) IndusInd Bank
   C) Axis Bank
   D) IDFC First Bank
   
   View answer

   Option B
   Explanation: Induslnd Bank tops in highest growth in brand value among top global banks
10. What is India’s rank in economy as per US-based think tank World Population Review?-
    A) 3
    B) 4
    C) 5
    D) 7
    
    View answer

    Option C
    Explanation: India becomes 5th largest economy: World Population Review report

Read More Banking Awareness Topics

Attempt Banking Awareness Quiz

Attempt Current Banking Awareness Quiz