Current Banking Awareness Quiz – Set 57

Target- Upcoming Bank exams

Months Covered- June, July and August 2021

1. The Reserve Bank of India has launched what amount of On-Tap Liquidity Window for contact-intensive sectors?
   A) Rs 20,000 crore
   B) Rs 10,000 crore
   C) Rs 5,000 crore
   D) Rs 15,000 crore
   
   View answer

     Option D
   Explanation: The Reserve Bank of India has launched a separate liquidity window of Rs. 15,000 crore certain contact- intensive sectors.
2. Salute Doctors is a comprehensive banking solutions launched by which bank?
   A) HDFC Bank
   B) ICICI Bank
   C) State Bank of India
   D) Kotak Mahindra Bank
   
   View answer

     Option B
   Explanation: ICICI Bank
3. What is the Mudra Loan target for FY22?
   A) Rs 2.31 trillion
   B) Rs 3 trillion
   C) Rs 3.31 trillion
   D) Rs 3.21 trillion
   
   View answer

   Option B
   Explanation: The government has set the loans disbursement target under the PM Mudra Yojana (PMMY) at Rs 3 trillion for 2021-22 (FY22).
4. Which bank has been recommended for privatisation by NITI Aayog in 2021-22?
   A) Central Bank of India and Canara Bank
   B) Central Bank of India and Indian Overseas Bank
   C) Indian Overseas Bank and Bank of India
   D) Canara Bank and Indian Overseas Bank
   
   View answer

   Option B
   Explanation: NITI Aayog has recommended the names of Central Bank of India and Indian Overseas Bank (IOB) for privatization in the current fiscal (2021- 22), as part of the disinvestment process announced in the Union Budget 2021-22.
5. What is the FDI limit in Pension Fund Management?
   A) 26%
   B) 49%
   C) 100%
   D) 74%
   
   View answer

   Option D
   Explanation: The Government has increased the foreign direct investment (FDI) limit in pension fund management (PFM) to 74% from the present 49% under the national pension system (NPS).
6. Who is the CEO of NPCI Bharat BillPay Ltd?
   A) Dilip Asbe
   B) Biswamohan Mahapatra
   C) Mridula Iyer
   D) Noopur Chaturvedi
   
   View answer

   Option D
   Explanation: Noopur Chaturvedi
7. What is the revised loan limit that a bank can sanction to Directors of other banks without board approval?
   A) Rs 25 lakh
   B) Rs 5 lakh
   C) Rs 5 crore
   D) Rs 2.5 crore
   
   View answer

   Option C
   Explanation: The Reserve Bank of India has raised the limit on loans that can be sanctioned by a bank to any director or associates of other banks, without board approval to Rs 5 crore. Earlier this limit was Rs 25 lakh.
8. Which bank has launched the ‘Kavach Personal Loan’ product?
   A) ICICI Bank
   B) IndusInd Bank
   C) IDBI Bank
   D) State Bank of India
   
   View answer

   Option D
   Explanation: The State Bank of India (SBI), has launched a new loan product ‘Kavach Personal Loan’ to provide financial relief to its customers who are facing economic crises due to covid related treatment costs.
9. What is the current interest rate under Kisan Vikas Patra (KVP)?
   A) 6.9%
   B) 7.1%
   C) 7.4%
   D) 6.8%
   
   View answer

   Option A
   Explanation: KVP= 6.9% (maturity- 124 months)
10. Which of the following company will take over Punjab & Maharashtra Co-operative Bank Ltd.?
    A) PayTm
    B) BharatPe
    C) PhonePe
    D) GPay
    
    View answer

    Option B
    Explanation: Centrum Financial Services Limited and BharatPe

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