Current Banking Awareness Quiz – Set 41 (SBI Clerk and RBI Asst Mains)

Current Banking Awareness Quiz – Set 41

Target- RBI Assistant Mains and SBI Clerk Mains 

Months Covered- April 2020

  1. As per the new arrangement valid till Sept 30, 2020, what is the number of days for which States/UTs can be in overdraft continuously?
    A) 14

    B) 20
    C) 21
    D) 30
    View answer
      Option C
    Explanation: The number of days for which States/UTs can be in overdraft continuously has been increased to 21 working days from the previous 14 days.
  2. What is the Limit of loan under SAFE Plus initiative of SIDBI?
    A) Rs 1 crore

    B) Rs 2 crore
    C) Rs 3 crore
    D) Rs 4 crore
    View answer
      Option A
    Explanation: Rs 1 crore
  3. What is India’s GDP growth projection as per Goldman Sachs for FY21?
    A) -5%

    B) -7%
    C) -2%
    D) 0%
    View answer
    Option A
    Explanation: -5.00%
  4. Which bank has launched the digital banking platform “DigiGen”?
    A) Axis Bank

    B) Jana Small Finance Bank
    C) Utkarsh Small Finance Bank
    D) ICICI Bank
    View answer
    Option B
    Explanation: Jana Small Finance Bank has launched a digital banking platform named “DigiGen”,
  5. What is the present Reverse Repo Rate?
    A) 4.40%

    B) 4.25%
    C) 3.00%
    D) 3.75%
    View answer
    Option D
    Explanation: Repo Rate = 4.40% and Reverse RR= 3.75%
  6. Which Indian has been included in the IMF’s external advisory group?
    A) Viral V Acharya

    B) Raghuram Rajan
    C) Subramanian Swamy
    D) Manmohan Singh
    View answer
    Option B
    Explanation: IMF MD Kristalina Georgieva has named 12 people including former RBI governor Raghuram Rajan to her external advisory group.
  7. What is the interest rate on Senior Citizen Savings Scheme (SCSS)?
    A) 7.1%

    B) 7.4%
    C) 6.8%
    D) 6.9%
    View answer
    Option B
    Explanation: 7.4%
  8. Who has been appointed as the Governor of Nepal Rastra Bank?
    A) Bikash Bista

    B) Yuba Raj Khatiwada
    C) Swarnim Wagle
    D) Maha Prasad Adhikari
    View answer
    Option D
    Explanation: Maha Prasad Adhikari has been appointed as the Governor of the Central bank of Nepal i.e. Nepal Rastra Bank.
  9. Which bank has launched the Selfe FD and Selfe Savings Account?
    A) Equitas Small Finance Bank

    B) Ujjivan Small Finance Bank
    C) ICICI Bank
    D) Axis Bank
    View answer
    Option A
    Explanation: Equitas Small Finance Bank launches Selfe FD and Selfe Savings Account
  10. Which bank has extended its bancassurance partnership with Max Life Insurance?
    A) Yes Bank

    B) ICICI Bank
    C) HDFC Bank
    D) Kotak Mahindra Bank
    View answer
    Option A
    Explanation: Yes Bank

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