Current Banking Awareness Quiz – Set 56

Target- Upcoming Bank exams

Months Covered- June, July and August 2021

1. Payments Infrastructure Development Fund is managed by which organization?
   A) NPCI
   B) RBI
   C) SEBI
   D) Ministry of Finance
   
   View answer

     Option B
   Explanation: Recently PIDF was in news. The Reserve Bank has now decided to include street vendors identified as part of the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi Scheme) in tier-1 and tier-2 centres as beneficiaries under the PIDF Scheme.
2. ‘Salaam Dil Sey’ initiative has been launched by which bank to pay tribute to medical staff?
   A) ICICI Bank
   B) State Bank of India
   C) HDFC Bank
   D) Punjab National Bank
   
   View answer

     Option C
   Explanation: HDFC Bank Launches ‘Salaam Dil Sey’ initiative to pay tribute to doctors
3. Ministry of Defence has signed agreement with which bank(s) for SPARSH [System for Pension Administration (Raksha)] system?
   A) State Bank of India
   B) Bank of Baroda
   C) State Bank of India and Punjab National Bank
   D) State Bank of India and Bank of Baroda
   
   View answer

   Option C
   Explanation: The system has been implemented with agreement between Controller General of Defence Accounts (CGDA), State Bank of India (SBI) and Punjab National Bank (PNB).
4. What is the present interest rate on Senior Citizen Savings Scheme (SCSS)?
   A) 7.4%
   B) 7.1%
   C) 6.8%
   D) 6.9%
   
   View answer

   Option A
   Explanation: 7.4%
5. Which bank publishes the Ecowrap report?
   A) RBI
   B) SBI
   C) PNB
   D) HDFC Bank
   
   View answer

   Option B
   Explanation: Ecowrap is by SBI.
6. What is the maximum amount that banks can charge from customers (per transaction) w.e.f January 01, 2022, after free ATM transaction are over?
   A) Rs 15
   B) Rs 17
   C) Rs 20
   D) Rs 21
   
   View answer

   Option D
   Explanation: Presently banks are allowed to charge from customers a maximum of Rs 20 per transaction (after free ATM transactions are exhausted). RBI has increased this limit to Rs 21 per transaction w.e.f January 1, 2022.
7. What amount of surplus has been transferred by RBI to Central Govt in 2020-21?
   A) Rs 99,122 crore
   B) Rs 99,121 crore
   C) Rs 99,212 crore
   D) Rs 99,222 crore
   
   View answer

   Option A
   Explanation: RBI has transferred Rs 99,122-crore surplus to the government for FY21 which is 73% higher than the Rs 57,128 crore paid out in 2019-20.
8. What is the limit for collateral free loans to Self Help Group?
   A) Rs 10 lakh
   B) Rs 15 lakh
   C) Rs 20 lakh
   D) Rs 25 lakh
   
   View answer

   Option C
   Explanation: The Reserve Bank of India has raised the limit for collateral free loans to Self-Help Groups (SHG) under the DAY-NRLM (Deendayal Antyodaya Yojana – National Rural Livelihoods Mission) from Rs. 10 lakhs to Rs. 20 Lakhs.
9. What is the name of the platform to be launched by RBI to strengthen compliance by supervised entities?
   A) SUPER
   B) PRISM
   C) RAINBOW
   D) FAST
   
   View answer

   Option B
   Explanation: The Reserve Bank of India will launch “Platform for Regulated Entities for Integrated Supervision and Monitoring (PRISM)”, a web-based platform via which the entities that are supervised by the RBI may submit various compliances to the RBI.
10. What is the GDP rate of India by Moody for Calendar Year 2022?
    A) 7.9%
    B) 7.0%
    C) 9.3%
    D) 9.6%
    
    View answer

    Option B
    Explanation: 7%

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