Current Banking Awareness Quiz – Set 58

Target- Upcoming Bank exams

Months Covered- May, June, July and August 2021

1. Which Bank has topped the World’s Best Banks 2021 in India list by Forbes?
   A) DBS Bank
   B) HDFC Bank
   C) Standard Chartered Bank
   D) ICICI Bank
   
   View answer

     Option A
   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.
2. Amitabh Chaudhary is the MD and CEO of which bank?
   A) ICICI Bank
   B) IndusInd Bank
   C) Kotak Mahindra Bank
   D) Axis Bank
   
   View answer

     Option D
   Explanation: Amitabh Chaudhry Re-appointed as MD & CEO of Axis Bank for 3 Years
3. Who amongst the following is not one of the deputy governors of RBI at present?
   A) M.K. Jain
   B) Viral Acharya
   C) M.D. Patra
   D) T. Rabi Sankar
   
   View answer

   Option B
   Explanation: The fourth one is Shri. M. Rajeshwar Rao
4. What is the Current Account Deficit for India in FY20?
   A) 0.8% of GDP
   B) 0.7% of GDP
   C) 0.5% of GDP
   D) 0.9% of GDP
   
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   Option D
   Explanation: According to the data released by the Reserve Bank of India, India reported a current account surplus of 0.9% of GDP in the FY 21. In FY 20 there was a current account deficit of 0.9%.
5. Who is the head of the advisory group set up by the RBI to assist the second Regulatory Review Authority (RRA 2.0)?
   A) S Janakiraman
   B) Ajay Kumar
   C) Vivek Deep
   D) R Ranjan
   
   View answer

   Option A
   Explanation: RBI sets up an advisory group headed by SBI MD, S Janakiraman, to assist RRA 2.0
6. What is the corpus of ‘Ubharte Sitaare Fund (USF)’?
   A) Rs 100 crore
   B) Rs 150 crore
   C) Rs 250 crore
   D) Rs 300 crore
   
   View answer

   Option C
   Explanation: Finance Minister of India, Smt. Nirmala Sitharaman, launched the ‘Ubharte Sitaare Fund (USF)’ of corpus Rs 250 crore for export-oriented small and mid-sized companies. The launch was done in Lucknow, Uttar Pradesh on August 21, 2021.
7. Which bank has launched the chatbot Eva together with CSC for Village Level Entrepreneurs (VLEs)?
   A) ICICI Bank
   B) Standard Chartered Bank
   C) HDFC Bank
   D) ICICI Bank
   
   View answer

   Option C
   Explanation: HDFC Bank has launched an artificial-intelligence chatbot named ‘Eva’, in partnership with the Common Services Centres (CSCs).
8. Which bank has launched the employee-led Ghar Ghar Ration scheme for its low-income customers, affected by pandemic?
   A) State Bank of India
   B) Punjab National Bank
   C) IDFC First Bank
   D) Bank of Baroda
   
   View answer

   Option C
   Explanation: The IDFC First Bank has launched a unique Employee-funded program called ‘Ghar Ghar Ration’ for its low-income customers who were affected by Covid-19.
9. The government has increased the family pension of bank employees to ____ of the last salary drawn?
   A) 20%
   B) 10%
   C) 30%
   D) 15%
   
   View answer

   Option C
   Explanation: Central Government has approved the Indian Banks’ Association’s (IBA) proposal to increase the family pension to 30% of the last salary drawn. After this, the family pension would go up to as much as Rs 30,000 to Rs 35,000 per family of bank employees. The Government has also approved the proposal to increase employers’ contribution under the NPS to 14% from the existing 10%.
10. Which of the following organization is building the National Digital Financial Infrastructure (NADI)?
    A) RBI
    B) NPCI
    C) IDRBT
    D) IFTAS
    
    View answer

    Option C
    Explanation: The Institute for Development and Research in Banking Technology (IDRBT) is building next-generation Digital Financial Infrastructure named National Digital Financial Infrastructure (NADI).

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