Current Banking Awareness Quiz – Set 34

Target- RBI Assistant Mains and SBI Clerk Mains 

Months Covered- October 2019, January 2020 and February 2020

1. Surjit Bhalla has been appointed as executive director for India at which organization?
   A) World Bank
   B) ADB
   C) IMF
   D) BRICS Bank
   
   View answer

     Option C
   Explanation: Government of India has appointed Economist Dr. Surjit S Bhalla as Executive Director for India at International Monetary Fund (IMF).
2. Which bank has launched the ‘Pragati Rath’ initiative?
   A) ICICI Bank
   B) HDFC Bank
   C) Axis Bank
   D) IndusInd Bank
   
   View answer

     Option B
   Explanation: Himachal Pradesh Chief Minister Jai Ram Thakur launched a month long initiative ‘Pragati Rath’ of the HDFC Bank on October 3 to encourage people to adopt digital banking and also impart financial literacy.
3. Which bank had launched the “UCash” facility?
   A) United Mercantile Bank?
   B) Union Bank of India
   C) United Bank of India
   D) UCO Bank
   
   View answer

   Option D
   Explanation: launched by UCO Bank, UCash – Customers will be able to withdraw money from ATMs through mobile banking without using debit card
4. The Reserve Bank of India recently rejected the merger of lndiabulls Housing Finance with which bank?
   A) Yes Bank
   B) Axis Bank
   C) IndusInd Bank
   D) Lakshmi Vilas Bank
   
   View answer

   Option D
   Explanation: Merger proposal of Lakshmi Vilas Bank with Indiabulls Housing Fin rejected by RBI
5. Who is the brand ambassador of “Team Cashless India” by Mastercard?
   A) Shahrukh Khan
   B) P.V. Sindhu
   C) Amitabh Bachchan
   D) M.S. Dhoni
   
   View answer

   Option D
   Explanation: Mastercard, Dhoni launch campaign – “Team Cashless India” to promote digital payments in India
6. Which state government has signed Rs 711 cr MoU with German development bank KfW for `Zero Budget Natural Farming’ (ZBNF)?
   A) Gujarat
   B) Andhra Pradesh
   C) Maharashtra
   D) Tamil Nadu
   
   View answer

   Option B
   Explanation: Andhra Pradesh Government signs Rs 711 cr MoU with German development bank KfW for `Zero Budget Natural Farming’ (ZBNF)
7. Which bank has launched the Residential Builder Finance with Buyer Guarantee (RBBG)?
   A) Axis Bank
   B) ICICI Bank
   C) SBI
   D) HDFC Bank
   
   View answer

   Option C
   Explanation: SBI
8. RBI has introduced which method of KYC recently?
   A) A-CIP
   B) V-CIP
   C) K-CIP
   D) S-CIP
   
   View answer

   Option B
   Explanation: Video-based Customer Identification Process (V-CIP)
9. When was the Financial Literacy Week (FLW) observed by RBI in 2020?
   A) February 10 to February 14
   B) February 09 to February 14
   C) February 10 to February 15
   D) February 09 to February 15
   
   View answer

   Option A
   Explanation: Reserve Bank of India (RBI) will be organizing Financial Literacy Week (FLW) from February 10 to February 14, 2020. The theme for 2020 FLW is “Micro, Small and Medium Enterprises (MSMEs),”
10. 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) State Bank of India
    B) ICICI Bank
    C) HDFC Bank
    D) IndusInd Bank
    
    View answer

      Option D
    Explanation: IndusInd Bank

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