Current Banking Awareness Quiz – Set 42

Target- RBI Assistant Mains and SBI Clerk Mains 

Months Covered- June 2020

1. Which among the following banks has recently acquired stake in Dish TV India, to become the second-largest shareholder in the direct-to-home (DTH) company?
   A) Axis Bank
   B) Yes Bank
   C) HDFC Bank
   D) Kotak Mahindra Bank
   
   View answer

   Option B
   Explanation: Private sector lender YES Bank has acquired 24.19 percent stake in Dish TV India Ltd, making it the second-largest shareholder in the direct-to-home (DTH) company.
2. Which bank has created a separate business vertical for financial inclusion and micro-markets (FI&MM) recently?
   A) State Bank of India
   B) Punjab National Bank
   C) Canara Bank
   D) Union Bank of India
   
   View answer

   Option A
   Explanation: State Bank of India
3. Which bank has launched the first-of-its-kind mobile app-based current account opening facility in India?
   A) HDFC Bank
   B) ICICI Bank
   C) Axis Bank
   D) IndusInd Bank
   
   View answer

   Option D
   Explanation: IndusInd Bank
4. The Payments Infrastructure Development Fund (PIDF) has been launched by which institution?
   A) Federation of Indian Chambers of Commerce and Industry
   B) National Payments Corporation of India
   C) Reserve Bank of India
   D) Confederation of Indian Industry
   
   View answer

   Option C
   Explanation: The Reserve Bank of India has announced the creation of a Payments Infrastructure Development Fund (PIDF). The aim of this fund is to promote the usage of Points of Sale (PoS) infrastructure.
5. Empays Payment Systems India has partnered with which firm for contactless ATM withdrawal in India?
   A) American Express
   B) Mastercard
   C) Bank of America
   D) Microsoft
   
   View answer

   Option B
   Explanation: Mastercard
6. Which bank has launched ‘Insta Flexicash’, a fully digital overdraft facility for its Salary Account customers?
   A) ICICI Bank
   B) HDFC Bank
   C) Axis Bank
   D) IndusInd Bank
   
   View answer

   Option A
   Explanation: ICICI Bank has launched a fully digital overdraft facility for its Salary Account customers to get approval for overdraft (OD) instantaneously and in a paperless manner.
7. ‘Yuva Pay’ is a digital wallet solution, launched by which bank?
   A) ICICI Bank
   B) Canara Bank
   C) Yes Bank
   D) Andhra Bank
   
   View answer

   Option C
   Explanation: Yes Bank has partnered with UDMA Technologies to launch its digital wallet solution ‘Yuva Pay’ to enable contactless payments for its customers. Yuva Pay app will offer bill payments via Bharat Bill Pay and provide Unified Payments Interface (UPI) facility to
   customers.
8. ‘Swavalamban Crisis Responsive Fund’ has been set up by which organisation?
   A) NABARD
   B) NPCI
   C) RBI
   D) SIDBI
   
   View answer

   Option D
   Explanation: The Small Industries Development Bank of India (SIDBI) has set up ‘Swavalamban Crisis Responsive Fund’ to support free onboarding for micro, small and medium enterprises (MSMEs) on trade receivables discounting system (TReDS).
9. In order to provide cash crunch relief to scheduled banks, RBI has increased the borrowing limit under the marginal standing facility (MSF) to _________ percent of their Net Demand and Time Liabilities (NDTL)
   A) 3%
   B) 2%
   C) 4%
   D) 5%
   
   View answer

   Option A
   Explanation: Reserve Bank of India, had increased the borrowing limit of scheduled
   banks under the marginal standing facility (MSF) scheme from 2 percent to 3 percent of their
   Net Demand and Time Liabilities (NDTL) as a temporary measure to deal with cash crunch
   caused by coronavirus pandemic.
10. How much amount has been pledged by India to UN for Palestine refugees for two years including 2021 and 2022?
    A) USD 5 million
    B) USD 10 million
    C) USD 8 million
    D) USD 12 million
    
    View answer

    Option B
    Explanation: India pledges USD 10 million to UN for Palestine refugees for next two years.

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