Current Banking Awareness Quiz – Set 32

Target- RBI Assistant Mains and SBI Clerk Mains 

Months Covered- March 2020 and April 2020

1. Recently “Prashant Kumar” has been appointed as the MD and CEO of which bank?
   A) IndusInd Bank
   B) Axis Bank
   C) Yes Bank
   D) Kotak Mahindra Bank
   
   View answer

     Option C
   Explanation: Govt appoints new board of directors for Yes Bank; Sunil Mehta to be Non-Executive Chairman and Prashant Kumar to be MD & CEO
2. Which if the first country to close its financial market over coronavirus fears?
   A) New Zealand
   B) Italy
   C) Germany
   D) Philippines
   
   View answer

     Option D
   Explanation: The Philippines becomes the first country to close its financial market over coronavirus fears
3. Which bank has committed 0.25% of FY21 annual profit to help fight COVID-19?
   A) Axis Bank
   B) State Bank of India
   C) HDFC Bank
   D) ICICI Bank
   
   View answer

   Option B
   Explanation: SBI
4. What is the current “Marginal Standing Facility Rate”?
   A) 3.75%
   B) 4.40%
   C) 3.00%
   D) 4.65%
   
   View answer

   Option D
   Explanation: 4.65%
5. The amendment in the EPF Scheme 1952, will allow withdrawal, upto _____ of the amount standing to member’s credit in the EPF account, in the event of outbreak of epidemic or pandemic.
   A) 75%
   B) 80%
   C) 50%
   D) 25%
   
   View answer

   Option A
   Explanation: The amendment will permit withdrawal, upto the amount of basic wages and dearness allowance for three months or upto 75% of the amount standing to member’s credit in the EPF account, whichever is less, in the event of outbreak of epidemic or pandemic.
6. What is India’s GDP growth rate forecast for 2020 as per Nomura?
   A) 0.5%
   B) -0.5%
   C) -0.25%
   D) 0.25%
   
   View answer

   Option B
   Explanation: Nomura lowers India’s 2020 GDP growth forecast to -0.5%
7. What is the raised limit that FPIs can invest in corporate bonds?
   A) 9%
   B) 12%
   C) 15%
   D) 20%
   
   View answer

   Option C
   Explanation: RBI Increases FPI limit in Corporate Bonds to 15% for FY21
8. What is the limit under SAFE loan of SIDBI?
   A) Rs 1 crore
   B) Rs 50 lakh
   C) Rs 2 crore
   D) Rs 4 crore
   
   View answer

   Option C
   Explanation: SIDBI Enhances Limit of SAFE Loans from Rs 50 Lakh to Rs 2 Crore ; In Safe Plus it is Rs 1 crore
9. Which bank has launched the digital banking platform “DigiGen”?
   A) State Bank of India
   B) IDBI Bank
   C) Axis Bank
   D) Jana Small Finance Bank
   
   View answer

   Option D
   Explanation: Jana Small Finance Bank rolls out digital banking platform- DigiGen
10. Who is the face of the twitter campaign launched by RBI on digital payment?
    A) Sachin Tendulkar
    B) P.V. Sindhu
    C) K.L. Rahul
    D) Amitabh Bachchan
    
    View answer

    Option D
    Explanation: RBI launches twitter campaign for Digital Payment with Amitabh Bachchan as face of the campaign

Read More Banking Awareness Topics

Attempt Banking Awareness Quiz

Attempt Current Banking Awareness Quiz