Current Banking Awareness Quiz – Set 48

Target- RBI Assistant Mains and SBI Clerk Mains 

Months Covered- May to Sept 2020

1. Who is the MD-CEO of Union Bank of India?
   A) Karnam Sekar
   B) Injeti Srinivas
   C) Rajkiran Rai
   D) Usha Thorat
   
   View answer

     Option C
   Explanation: Government extends the term of Union Bank of India’s CEO Rajkiran Rai by another two years
2. The ‘Kona Kona Umeed’ Campaign has been launched by which bank?
   A) HDFC Bank
   B) IDFC First Bank
   C) Kotak Mahindra Bank
   D) ICICI Bank
   
   View answer

     Option C
   Explanation: Kotak Mahindra Bank launches ‘Kona Kona Umeed’ Campaign
3. Sashidhar Jagdishan has been elected as the CEO of which bank?
   A) ICICI Bank
   B) Kotak Mahindra Bank
   C) Axis Bank
   D) HDFC Bank
   
   View answer

   Option D
   Explanation: HDFC Bank
4. What is India’s GDP growth projection for FY21 as per SBI Report (Ecowrap)?
   A) -10.80%
   B) -10.90%
   C) -10.50%
   D) -14.8%
   
   View answer

   Option B
   Explanation: -10.90%
5. Who is the CEO of Paytm Money?
   A) Partha Pratim Sengupta
   B) Varun Sridhar
   C) Ramesh Babu Boddu
   D) Ashwini Tewari
   
   View answer

   Option B
   Explanation: Varun Sridhar
6. What is the Upper limit of payment transactions under the scheme for Offline Retail Payments by RBI (for a single transaction)?
   A) Rs 500
   B) Rs 200
   C) Rs 2000
   D) Rs 5000
   
   View answer

   Option B
   Explanation: Maximum limit of a payment transaction will be Rs 200. (For a single transaction.); The total limit for offline transactions on an instrument shall be Rs 2,000, at any point of time. Resetting of the limit shall be allowed in online mode with AFA.
7. What is the present Reverse Repo Rate?
   A) 3.35%
   B) 4%
   C) 4.25%
   D) 3.50%
   
   View answer

   Option A
   Explanation: Reverse Repo Rate=3.35%
8. Name the chatbot launched by NPCI to create awareness of digital payment products?-
   A) Paisa
   B) NOHARA
   C) PAi
   D) NPi
   
   View answer

   Option C
   Explanation: NPCI Launches AI virtual assistant ‘PAi’ to create product awareness
9. Which bank has been roped in, to wind-up the 6 debt schemes of Franklin Templeton Mutual Fund?
   A) HDFC Bank
   B) Kotak Mahindra Bank
   C) ICICI Bank
   D) Axis Bank
   
   View answer

   Option B
   Explanation: Franklin MF ropes in Kotak Mahindra Bank to wind-up 6 schemes
10. What is the present interest rate on Sukanya Samriddhi Accounts?
    A) 6.8%
    B) 7.6%
    C) 6.9%
    D) 7.1%
    
    View answer

    Option B
    Explanation: Sukanya Samriddhi Accounts- 7.6%

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