Current Banking Awareness Quiz – Set 59

Target- RRB PO and Clerk

Months Covered- May, June, July and August 2021

1. Which is the first country in the world to grant legal tender status to bitcoin?
   A) Russia
   B) Germany
   C) Austria
   D) El Salvador
   
   View answer

     Option D
   Explanation: El Salvador has become the first country in the world to grant legal tender status to bitcoin.
2. Digital Wallets ‘Pocket’ pertains to which bank?
   A) HDFC Bank
   B) IndusInd Bank
   C) Axis Bank
   D) ICICI Bank
   
   View answer

     Option D
   Explanation: ICICI Bank has launched a unique facility, which allows linking a Unified Payments Interface (UPI) ID with its digital wallet, ‘Pockets’.
3. What amount of loan has the World Bank sanctioned for the program for Green and Resilient Kerala?
   A) USD 100 million
   B) USD 125 million
   C) USD 150 million
   D) USD 200 million
   
   View answer

   Option B
   Explanation: World Bank Approves USD125 million financial support program for Green and Resilient Kerala
4. What is the present interest rate on the Sukanya Samriddhi Account (Q2 of FY22)?
   A) 7.1%
   B) 6.9%
   C) 6.8%
   D) 7.6%
   
   View answer

   Option D
   Explanation: 7.6%
5. The “Pay Your Contact” feature has been launched by which bank?
   A) Standard Chartered Bank
   B) IndusInd Bank
   C) Federal Bank
   D) Kotak Mahindra Bank
   
   View answer

   Option D
   Explanation: Kotak Mahindra Bank (KMBL) has launched an innovative payment feature called ‘Pay Your Contact’, for its customers, on its mobile banking app.
6. Which state was the top recipient of FDI in FY21?
   A) Gujarat
   B) Maharashtra
   C) Uttar Pradesh
   D) Karnataka
   
   View answer

   Option A
   Explanation: In terms of Indian states, Gujarat was the top recipient of FDI, with 37 percent share of total FDI equity inflows, followed by Maharashtra (27%) and Karnataka (13%).
7. RBI has barred which payment system company from onboarding new domestic customers on its network?
   A) VISA
   B) Mastercard
   C) Amex
   D) RuPay
   
   View answer

   Option B
   Explanation: The Reserve Bank of India (RBI) has barred global card player Mastercard Asia/Pacific Pte Ltd from onboarding new domestic customers on its network with effect from July 22, 2021, over non-compliance with local data storage regulations.
8. What amount of surplus amount has the Reserve Bank of India transferred to Central Government for Financial Year 2020-21?
   A) Rs 99222 crore
   B) Rs 99112 crore
   C) Rs 99122 crore
   D) Rs 99111 crore
   
   View answer

   Option C
   Explanation: The Reserve Bank of India will transfer Rs 99,122 crore surplus to Central Government for the accounting period of nine months ended March 31, 2021 (July 2020-March 2021).
9. Former RBI Governor Raghuram Rajan has been named in Five-Member Economic Advisory Council Set up by which state Government?
   A) Tamil Nadu
   B) Kerala
   C) Karnataka
   D) Maharashtra
   
   View answer

   Option A
   Explanation: Former RBI Governor Raghuram Rajan Named in Five-Member Economic Advisory Council Set up by Tamil Nadu Government
10. The Reserve Bank of India has announced a penalty of Rs 10,000 on banks if ATMs run out of cash from October 1. What is the criteria set by RBI in terms of the number of hours for which banks will be penalized for out-of-cash ATMs?
    A) more than 10 hours in a week
    B) more than 10 hours in a month
    C) more than 15 hours in a week
    D) more than 15 hours in a month
    
    View answer

    Option B
    Explanation: In the case where any of the ATM is cash-out for more than 10 hours in a month, a penalty of Rs. 10,000 per ATM will be levied.

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