Current Banking Awareness Quiz – Set 29

Target- RBI Assistant Mains and SBI Clerk Mains 

Months Covered- January 2020 and April 2020

1. The limit for Ways and Means Advances (WMA) for first half of FY21 has been increased by RBI to what amount?
   A) Rs 1,40,000 crore
   B) Rs 2,00,000 crore
   C) Rs 1,50,000 crore
   D) Rs 2,50,000 crore
   
   View answer

     Option B
   Explanation: the limit for Ways and Means Advances (WMA) for the remaining part of first half of the financial year 2020-21 (April 2020 to September 2020) will be revised to ₹ 2,00,000 crore.
2. Atleast what percent of fund is fixed for Micro Finance Institutions (MFIs) and NBFCs under TLTRO 2.0?
   A) 10%
   B) 15%
   C) 35%
   D) 50%
   
   View answer

     Option D
   Explanation: At least 50 percent
3. Investments made under TLTRO 2.0 this facility will be classified as _________.
   A) loans
   B) open for trading
   C) held for trading
   D) held to maturity
   
   View answer

   Option D
   Explanation: Investments made under this facility will be classified as held to maturity (HTM) even in excess of 25 per cent of total investment permitted to be included in the HTM portfolio. Exposures under this facility will not be reckoned under the Large Exposure Framework (LEF).
4. What is the present Reverse Repo Rate?
   A) 4.00%
   B) 4.25%
   C) 3.75%
   D) 3.50%
   
   View answer

   Option C
   Explanation: reduced to 3.75%
5. What is the full form of MANI app launched by RBI?
   A) Money And Note Identifier
   B) Money Aided Note Identification
   C) Mobile Aided Note Identifier
   D) Mobile Android Note Identification
   
   View answer

   Option C
   Explanation: Mobile Aided Note Identifier
6. As per Deutsche Bank, Indian economy is expected to grow to $7 trillion by which year?
   A) 2025
   B) 2028
   C) 2030
   D) 2032
   
   View answer

   Option C
   Explanation: Indian economy likely to grow to $7 trillion by 2030: Deutsche Bank
7. RBI has introduced which method of KYC recently?
   A) V-CIP
   B) A-CIP
   C) V-KIP
   D) A-KIP
   
   View answer

   Option A
   Explanation: Video-based Customer Identification Process (V-CIP)
8. The National Strategy for Financial Inclusion (NSFI): 2019-2024 by RBI enlists how many visions?
   A) 4
   B) 5
   C) 6
   D) 8
   
   View answer

   Option C
   Explanation: NSFI enlists 6 visions
9. Who has been appointed as the MD and CEO of Canara Bank?
   A) Sanjiv Chadha
   B) P S Jaykumar
   C) Atanu Kumar Das
   D) Lingam Venkata Prabhakar
   
   View answer

   Option D
   Explanation: Lingam Venkata Prabhakar – Canara Bank
10. What is the Investment cap set by RBI for FPI through VRR?
    A) Rs 75,000 crore
    B) Rs 1.5 lakh crore
    C) Rs 1 lakh crore
    D) Rs 50,000 crore
    
    View answer

    Option B
    Explanation: The investment cap through VRR has been doubled to Rs 1.5 lakh crore, from 75,000 crore.

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