Current Banking Awareness Quiz

Current Banking Awareness Quiz – Set 30 (SBI Clerk and RBI Asst Mains)

Current Banking Awareness Quiz – Set 30

Target- RBI Assistant Mains and SBI Clerk Mains 

Months Covered- March 2020 and April 2020

  1. What is the limit for FPI investment in Government securities (G-secs) for FY21?
    A) 5%

    B) 6%
    C) 7%
    D) 8%
    View answer
      Option B
    Explanation:
  2. What is the limit for FPI investment in State Development Loans (SDLs) for FY21?
    A) 2%

    B) 3%
    C) 4%
    D) 6%
    View answer
      Option A
    Explanation: The limits for FPI investment in Government securities (G-secs) and State Development Loans (SDLs) shall remain unchanged at 6% and 2%, respectively, of outstanding stocks of securities for FY 2020-21.
  3. Which of the following currency has been recently added in the list of currencies that can be used for settling payments among the ACU member countries?
    A) Yen

    B) Rupee
    C) Rial
    D) Renminbi
    View answer
    Option A
    Explanation: Japanese Yen
  4. Which bank has recently been authorized by RBI to undertake Primary Dealership business?
    A) Union Bank of India

    B) Axis Bank
    C) Punjab National Bank
    D) IDFC First Bank
    View answer
    Option A
    Explanation: The Reserve Bank has authorised Union Bank of India to undertake Primary Dealership business departmentally with effect from April 01, 2020, pursuant to the amalgamation of Corporation Bank into Union Bank of India
  5. Which bank was recently placed under Moratorium by the RBI?
    A) Axis Bank

    B) IndusInd Bank
    C) Yes Bank
    D) UCO Bank
    View answer
    Option C
    Explanation: Yes Bank
  6. What is Goldman Sachs stance on India?
    A) over weight

    B) market weight
    C) equal weight
    D) under weight
    View answer
    Option B
    Explanation: Goldman Sachs downgrades India from ‘overweight’ to ‘marketweight’
  7. What is India’s GDP rate prediction for FY21 as per S&P Global Ratings?
    A) 1.6%

    B) 0%
    C) 2.1%
    D) 1.8%
    View answer
    Option D
    Explanation: S&P Global Ratings Reduces India’s GDP growth for FY’21 at 1.8%; 7.5% in FY’22
  8. What is Asia’s GDP prediction in 2020 as per IMF?
    A) 0%

    B) 1.2%
    C) 0.5%
    D) 0.8%
    View answer
    Option A
    Explanation: IMF predicts GDP Growth for Asia in 2020 at 0%; Global GDP to contract by 3% in 2020
  9. Which bank has launched the Selfe FD or Selfe Savings Account?
    A) Airtel Payments Bank

    B) IDFC First Bank
    C) Kotak Mahindra Bank
    D) Equitas Small Finance Bank
    View answer
    Option D
    Explanation: Equitas Small Finance Bank launches Selfe FD and Selfe Savings Account
  10. Who has been appointed as the MD and Chief Executive of Care Ratings?
    A) Kapil Tripathi

    B) Ajay Mahajan
    C) Suresh Sinha
    D) Piyush Joshi
    View answer
    Option C
    Explanation: Ajay Mahajan appointed as MD, chief executive of Care Ratings

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