Current Banking Awareness Quiz – Set 43

Target- RBI Assistant Mains and SBI Clerk Mains 

Months Covered- June 2020, July 2020 and August 2020

1. Which bank has launched India’s First Mobile-based current account opening facility?
   A) Axis Bank
   B) IndusInd Bank
   C) HDFC Bank
   D) ICICI Bank
   
   View answer

     Option B
   Explanation: IndusInd Bank Launches India’s First Mobile-based current account opening facility
2. What is RBI’s initial contribution in the Payments Infrastructure Development Fund (PIDF)?
   A) Rs 100 crore
   B) Rs 500 crore
   C) Rs 1000 crore
   D) Rs 250 crore
   
   View answer

     Option D
   Explanation: The Reserve Bank will make an initial contribution of Rs 250 crores to the PIDF covering half the fund. The remaining Rs 250 crores will be from card-issuing banks and card networks operating in the country.
3. Which bank has acquired 24.19% stake in DISH TV?
   A) Axis Bank
   B) Yes Bank
   C) HDFC Bank
   D) ICICI Bank
   
   View answer

   Option B
   Explanation: YES Bank has acquired 24.19 percent stake in Dish TV India Ltd, making it the secondlargest shareholder in the direct-to-home (DTH) company.
4. NPCI will set up its Smart Datacenter worth Rs 500 crore in which city?
   A) Mumbai
   B) Gujarat
   C) Hyderabad
   D) Bhopal
   
   View answer

   Option C
   Explanation: NPCI to set up Rs 500-crore Smart data centre in Hyderabad to handle digital transactions
5. What is the total limit for offline transactions on an instrument under the scheme for Offline Retail Payments launched by RBI?
   A) Rs 1000
   B) Rs 2000
   C) Rs 5000
   D) Rs 10000
   
   View answer

   Option B
   Explanation: Rs 2000
6. What amount of loan has NABARD given to Assam Gramin Vikash Bank for supporting the agricultural activities of the farmers in the wake of the COVID-19 Pandemic?
   A) Rs 100 crore
   B) Rs 150 crore
   C) Rs 250 crore
   D) Rs 270 crore
   
   View answer

   Option D
   Explanation: The National Bank for Agriculture and Rural Development (NABARD) has extended a Special Liquidity Facility (SLF) of Rs 270 crore to Assam Gramin Vikash Bank for supporting the agricultural activities of the farmers in the wake of the COVID-19 Pandemic.
7. Mpay.me has been launched by?
   A) Bank of Maharashtra
   B) PayTm
   C) NPCI
   D) MobiKwik
   
   View answer

   Option D
   Explanation: MobiKwik launches personal UPI payment link mpay.me
8. What is the present Repo Rate?
   A) 3.35%
   B) 4.25%
   C) 4.00%
   D) 3.50%
   
   View answer

   Option C
   Explanation:
9. Which bank has launched ‘Bhavishya’ Savings Account for minor children?
   A) Fino Payments Bank
   B) Utkarsh Small Finance Bank
   C) Ujjivan Small Finance Bank
   D) Airtel Payments Bank
   
   View answer

   Option A
   Explanation: Fino Payments Bank launches ‘Bhavishya’ Savings Account for minor children
10. Swiggy has partnered with which bank for its digital wallet Swiggy Money?
    A) Axis Bank
    B) ICICI Bank
    C) HDFC Bank
    D) IndusInd Bank
    
    View answer

    Option B
    Explanation: Swiggy ties up with ICICI Bank to launch payment platform, Swiggy Money

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