Current Banking Awareness Quiz – Set 44

Target- RBI Assistant Mains and SBI Clerk Mains 

Months Covered- June 2020, July 2020 and August 2020

1. Which of the following is the first Indian company to hit Rs. 12 lakh crore market cap?
   A) HDFC
   B) TCS
   C) HUL
   D) Reliance Industries
   
   View answer

     Option D
   Explanation: Reliance Industries becomes first Indian company to hit Rs. 12 lakh crore market cap.
2. The ‘Swavalamban Crisis Responsive Fund’ has been setup by?
   A) SBI
   B) SEBI
   C) SIDBI
   D) NABARD
   
   View answer

     Option C
   Explanation: Sidbi sets up Swavalamban Crisis Responsive Fund to facilitate free onboarding of MSMEs on TReDS platform
3. Which state has topped the list of MUDRA loan scheme beneficiaries to women beneficiaries?
   A) Kerala
   B) Odisha
   C) Tamil Nadu
   D) Maharashtra
   
   View answer

   Option C
   Explanation: Tamil Nadu women top the list of MUDRA loan scheme beneficiaries
4. Which is the first Indian bank to make use of satellite data to access the credit worthiness of farmers?
   A) State Bank of India
   B) Axis Bank
   C) ICICI Bank
   D) HDFC Bank
   
   View answer

   Option C
   Explanation: ICICI Bank becomes first bank in India to use satellite data to assess credit worthiness of farmers
5. What amount of loan agreement has World Bank signed with India for access to Affordable Housing for Urban Poor in Tamil Nadu?
   A) $500 million
   B) $750 million
   C) $250 million
   D) $100 million
   
   View answer

   Option C
   Explanation: India and World Bank inks $250 million loan agreement for access to Affordable Housing for Urban Poor in Tamil Nadu.
6. PhonePe has partnered with which bank for UPI multi-bank model?
   A) ICICI Bank
   B) Axis Bank
   C) HDFC Bank
   D) IndusInd Bank
   
   View answer

   Option A
   Explanation: PhonePe has partnered with ICICI Bank on UPI multi-bank model giving its users the option to create and use multiple UPI IDs with ICICI and Yes Bank”s handles.
7. Financial Knowledge platform MSME Saksham has been launched by which entity?
   A) RBI
   B) SEBI
   C) IRDA
   D) SIDBI
   
   View answer

   Option D
   Explanation: SIDBI partners with TransUnion CIBIL to launch financial knowledge platform MSMESaksham
8. Stock Market of which country was under DDoS attack recently in August 2020?
   A) Australia
   B) USA
   C) Japan
   D) New Zealand
   
   View answer

   Option D
   Explanation: New Zealand’s Exchange (NZX)
9. Which entity has setup the SPV (SLS Trust) for the Special Liquidity Scheme for NBFC of Rs. 30,000 crore launched by GoI?
   A) HDFC Bank
   B) ICICI Securities
   C) SBICAP
   D) Axis Bank
   
   View answer

   Option C
   Explanation: The Government of India has launched a Special Liquidity Scheme worth Rs. 30,000 crore for improving the liquidity position of Non-Banking Financial Company (NBFCs) and Housing Finance Company (HFCs). Who will manage the Scheme: The Scheme will be managed by SPV (SLS Trust). SPV (SLS Trust) has been set up by SBICAP which is a subsidiary of the State Bank of India.
10. What is India’s rank in terms of money parked in Swiss Bank?
    A) 74
    B) 77
    C) 80
    D) 87
    
    View answer

    Option B
    Explanation: India ranks 77th in terms of money parked with Swiss banks, UK tops

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