Current Banking Awareness Quiz

Current Banking Awareness Quiz – Set 47 (SBI Clerk and RBI Asst Mains)

Current Banking Awareness Quiz – Set 47

Target- RBI Assistant Mains and SBI Clerk Mains 

Months Covered- April to Sept 2020

  1. What is the raised limit that FPIs can invest in corporate bonds?
    A) 12%

    B) 10%
    C) 15%
    D) 18%
    View answer
      Option C
    Explanation: The Reserve Bank of India (RBI) has hiked the limit for foreign portfolio investors’ (FPI) investment in corporate bonds from 9 percent to 15 percent of outstanding stock for FY2020-21.
  2. What is India’s GDP rate prediction as per Fitch ratings for FY21?
    A) -10.90%

    B) -14.8%
    C) -10.50%
    D) -11.50%
    View answer
      Option C
    Explanation: Fitch (BBB- with negative outlook): For Fy21= -10.50%: For FY22= 11.00%
  3. Which bank has launched the Collateral free MSME Loan Scheme ‘Vikas Abhaya’?
    A) Karnataka Vikas Grameen Bank

    B) Punjab and Sind Bank
    C) Union Bank of India
    D) Utkarsh Small Finance Bank
    View answer
    Option A
    Explanation: The Karnataka Vikas Grameen Bank (KVGB), a regional rural bank headquartered in Dharwad, has launched a loan scheme for existing micro, small and medium enterprise (MSME) borrowers, whose business activities are disrupted on account of the Covid-19 pandemic.
  4. What is the interest rate on Senior Citizen Savings Scheme (SCSS) for present quarter (q-ending sept 2020)?
    A) 7.4%

    B) 7.1%
    C) 6.9%
    D) 6.7%
    View answer
    Option A
    Explanation: Senior Citizen Savings Scheme (SCSS)-7.4%
  5. Which Indian has been included in the IMF’s external advisory group?
    A) Raghuram Rajan

    B) Urjit Patel
    C) Viral Acharya
    D) Subramanian Swamy
    View answer
    Option A
    Explanation: Raghuram Rajan
  6. Which bank has launched the Selfe FD or Selfe Savings Account?
    A) Utkarsh Small Finance Bank

    B) Ujjivan Small Finance Bank
    C) Equitas Small Finance Bank
    D) Airtel Payments Bank
    View answer
    Option C
    Explanation: Equitas Small Finance Bank
  7. What is the present Ways and Means Advances Limit (April 2020 to September 2020) for central government?
    A) Rs 1,00,000 crore

    B) Rs 1,50,000 crore
    C) Rs 1,20,000 crore
    D) Rs 2,00,000 crore
    View answer
    Option D
    Explanation: Rs 2,00,000 crore
  8. Which bank has released the song #HumHaarNahiMaanenge?
    A) HDFC Bank

    B) ICICI Bank
    C) Axis Bank
    D) State Bank of India
    View answer
    Option A
    Explanation: HDFC Bank releases song #HumHaarNahiMaanenge to keep up hopes up amidst Covid-19 pandemic
  9. Which bank has recently created a separate business vertical for financial inclusion and micro-markets (FI&MM)?
    A) ICICI Bank

    B) Punjab National Bank
    C) HDFC Bank
    D) State Bank of India
    View answer
    Option D
    Explanation: State Bank of India
  10. Moneygram has tied up with which bank to offer direct to account deposits in India?
    A) Federal Bank

    B) HDFC Bank
    C) ICICI Bank
    D) Axis Bank
    View answer
    Option A
    Explanation: MoneyGram Ties up with Federal Bank to offer direct-to-account deposits in India

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