Current Banking Awareness Quiz – Set 49

Target- RBI Assistant Mains and SBI Clerk Mains 

Months Covered- May to Sept 2020

1. Who will head the SEBI’s revamped advisory committee on mutual funds that advises Sebi on matters related to regulation and development of the mutual fund industry?
   A) Karnam Sekar
   B) Injeti Srinivas
   C) Rajkiran Rai
   D) Usha Thorat
   
   View answer

     Option D
   Explanation: Usha Thorat
2. Who is the MD and CEO of the Federal Bank?
   A) Partha Pratim Sengupta
   B) Shyam Srinivasan
   C) Murali Ramakrishna
   D) Rajesh Kumar
   
   View answer

     Option B
   Explanation: RBI Approves reappointment of Shyam Srinivasan as MD & CEO of Federal Bank
3. What is India’s GDP growth projection for FY21 as per Nomura?
   A) -10.80%
   B) -10.90%
   C) -10.50%
   D) -14.8%
   
   View answer

   Option A
   Explanation:
4. MSME Saksham has been launched by?
   A) SBI
   B) RBI
   C) NPCI
   D) SIDBI
   
   View answer

   Option D
   Explanation: SIDBI partners with TransUnion CIBIL to launch financial knowledge platform MSMESaksham
5. Mpay.me has been launched by?
   A) SBI
   B) PayTm
   C) MobiKwik
   D) PhonePe
   
   View answer

   Option C
   Explanation: MobiKwik launches personal UPI payment link mpay.me
6. What is the present Marginal Standing Facility Rate?
   A) 3.5%
   B) 3.35%
   C) 4%
   D) 4.25%
   
   View answer

   Option D
   Explanation: Marginal Standing Facility Rate= 4.25%
7. AXAA is a voice Bot launched by which bank?
   A) Axis Bank
   B) HDFC Bank
   C) ICICI Bank
   D) IndusInd Bank
   
   View answer

   Option A
   Explanation: Axis Bank launches first-of-its-kind AI Powered Voice Bot ‘AXAA’
8. What is the total limit for offline transactions on an instrument under the scheme for Offline Retail Payments of RBI?
   A) Rs 200
   B) Rs 500
   C) Rs 2000
   D) RS 5000
   
   View answer

   Option C
   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.
9. What is the present interest rate on Public Provident Fund Account (PPF)?
   A) 7.4%
   B) 7.1%
   C) 6.8%
   D) 6.9%
   
   View answer

   Option B
   Explanation: Public Provident Fund Account (PPF)=7.1%
10. Which is the first bank in India to introduce video-based KYC?
    A) HDFC Bank
    B) ICICI Bank
    C) Axis Bank
    D) Kotak Mahindra Bank
    
    View answer

    Option D
    Explanation: Kotak Mahindra Bank

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