Current Banking Awareness Quiz – Set 52

Target- Upcoming Bank exams

Months Covered- June, July and August 2021

1. What is the projection for real GDP growth in 2021-22 as per RBI?
   A) 9.1%
   B) 9.7%
   C) 9.3%
   D) 9.5%
   
   View answer

     Option D
   Explanation: projection for real GDP growth is retained at 9.5 percent in 2021-22
2. Which bank has launched the employee-led Ghar Ghar Ration scheme for its low-income customers, affected by pandemic?
   A) IDFC First Bank
   B) HDFC Bank
   C) ICICI Bank
   D) Axis Bank
   
   View answer

     Option A
   Explanation: IDFC First Bank launches ‘Ghar Ghar Ration’ scheme
3. What is the auction mechanism for 30-year tenor government securities?
   A) Uniform price auction method
   B) Multiple price-based auction
   C) Mixed price-based auction
   D) Higher price-auction method
   
   View answer

   Option B
   Explanation: Auction method for benchmark securities of tenor 2-year, 3-year, 5-year, 10-year, 14-year tenor and Floating Rate Bonds (FRBs): Uniform price auction method. (earlier this was based on multiple price-based auction.) Auction method for benchmark securities of tenor 30-year and 40-year: Multiple price-based auction.
4. What interest rate will be applicable on a Term Deposit (TD) that has matured and whose proceeds are unpaid?
   A) Savings Interest
   B) Average of Savings Interest and Interest of Term Deposit
   C) Savings Interest or Usual Interest rate of Term Deposit, whichever is lower
   D) No interest will be paid
   
   View answer

   Option C
   Explanation: As per revised guidelines, such unclaimed term deposit will earn an interest rate as applicable to a savings account or the contracted rate of interest on the matured Term Deposit, whichever is lower.
5. Housing finance companies (HFCs) with asset size greater than _______ are allowed to use SARFAESI law to recover dues?
   A) Rs 50 crore
   B) Rs 100 crore
   C) Rs 200 crore
   D) Rs 500 crore
   
   View answer

   Option B
   Explanation: Ministry of Finance has allowed housing finance companies (HFCs) with asset size of over Rs. 100 crore to recover the dues using SARFAESI law. Earlier HFCs with assets over Rs. 500 crore (and notified by Finance Ministry) were allowed to use SARFAESI law to recover dues.
6. What is India’s rank in terms of money parked by its citizens and enterprises with Swiss bank in 2020, as per the data released by Swiss National Bank (SNB)?
   A) 25
   B) 71
   C) 75
   D) 51
   
   View answer

   Option D
   Explanation: India has been ranked at 51st position in terms of money parked by its citizens and enterprises with Swiss bank in 2020, as per the data released by Swiss National Bank (SNB). Top- UK
7. Which bank has ranked as the top Bank in India as per World’s Best Banks 2021 list for India, released by Forbes magazine?
   A) HDFC Bank
   B) State Bank of India
   C) DBS Bank
   D) ICICI Bank
   
   View answer

   Option C
   Explanation: DBS Bank has been ranked as the top Bank in India, out of 30 domestic and international banks in the country, in the World’s Best Banks 2021 list for India, released by Forbes magazine.
8. What is the present medium-term target for consumer price index (CPI) inflation set by Government/RBI?
   A) 3%
   B) 2%
   C) 7%
   D) 4%
   
   View answer

   Option D
   Explanation: the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
9. What is the present Statutory Liquidity Ratio (SLR)
   A) 18.50%
   B) 18.25%
   C) 18.00%
   D) 18.75%
   
   View answer

   Option C
   Explanation: 18%
10. Vishwavir Ahuja is the Managing Director (MD) and Chief Executive Officer (CEO) of which bank?
    A) CSB Bank Limited
    B) RBL Bank Limited
    C) DCB Bank Limited
    D) Federal Bank Limited
    
    View answer

    Option B
    Explanation: Vishwavir Ahuja re-appointed as MD & CEO of RBL Bank

Read More Banking Awareness Topics

Attempt Banking Awareness Quiz

Attempt Current Banking Awareness Quiz