Current Banking Awareness Quiz – Set 63

Target- RRB PO and Clerk Mains

Months Covered- January 2021 to September 2021

1. Who is the chairperson of the academic advisory council named ‘College of Supervisors (CoS)’ set up by the Reserve Bank of India to strengthen supervision over regulated entities?
   A) Mahesh Kumar Jain
   B) N S Viswanathan
   C) M. Rajeshwar Rao
   D) T. Rabi Sankar
   
   View answer

     Option B
   Explanation: The Reserve Bank of India (RBI) has set up an academic advisory council called ‘College of Supervisors (CoS)’ to further strengthen supervision over regulated entities. The Cos will be headed by former deputy governor N S Viswanathan and will have five other members.
2. Sharad Goklani is the President and CTO of which bank?
   A) Utkarsh Small Finance Bank
   B) Ujjivan Small Finance Bank
   C) Jana Small Finance Bank
   D) AU Small Finance Bank
   
   View answer

     Option D
   Explanation: Sharad Goklani has been appointed as the President & Chief Technology Officer (CTO) of Jaipur-based AU Small Finance Bank.
3. Which bank has been adjudged as ‘India’s Best Bank for SMEs’ at the Asiamoney Best Bank Awards 2021?
   A) HDFC Bank
   B) ICICI Bank
   C) DBS Bank
   D) Axis Bank
   
   View answer

   Option A
   Explanation: HDFC Bank Adjudged “India’s Best SME Bank” By Asiamoney
4. Which of the following company became the first one to cross one billion transactions on Unified Payments Interface (UPI) infrastructure?
   A) Google Pay
   B) Mobikwik
   C) Amazon Pay
   D) PhonePe
   
   View answer

   Option D
   Explanation: PhonePe becomes first player to cross billion-transaction mark on UPI
5. Which organization has launched SHWAS and AROG Loan Schemes for MSMEs for COVID Preparedness?
   A) SIDBI
   B) RBI
   C) SBI
   D) NABARD
   
   View answer

   Option A
   Explanation: The Small Industries Development Bank of India (SIDBI), has launched two loan products for MSMEs to help them with required financial support in fight against the COVID-19 pandemic. The two new loan products are: SHWAS – SIDBI assistance to Healthcare sector in War Against Second wave of COVID19; AROG – SIDBI Assistance to MSMEs for Recovery & Organic Growth during COVID19 pandemic
6. What is the maximum amount outstanding in respect of full-KYC PPIs (KYC-compliant PPIs)?
   A) Rs 1 lakh
   B) Rs 50,000
   C) Rs 2 lakh
   D) Rs 1.5 lakh
   
   View answer

   Option C
   Explanation: RBI increases the limit for Full-KYC PPIs to Rs 2 lakh from Rs 1 lakh
7. The Aarogyam Healthcare Business Loan has been launched by which bank?
   A) State Bank of India
   B) HDFC Bank
   C) ICICI Bank
   D) Canara Bank
   
   View answer

   Option A
   Explanation: SBI
8. Which sector has recently been added to MSME sector by the Government of India for purpose of Priority Sector Lending?
   A) Textile trade
   B) Food processing
   C) Chemical and Fertilizer trade
   D) Retail and Wholesale trade
   
   View answer

   Option D
   Explanation: Retail and Wholesale
9. Who is the CEO of NPCI Bharat BillPay Ltd?
   A) Kalpana Morparia
   B) Ranjana Kumar
   C) Noopur Chaturvedi
   D) Naina Lal Kidwai
   
   View answer

   Option C
   Explanation: The National Payments Corporation of India (NPCI) has appointed Noopur Chaturvedi as Chief Executive Officer (CEO) of NPCI Bharat BillPay Ltd. (NBBL).
10. India has linked its Unified Payments Interface (UPI) service with PayNow. PayNow is a payment service of which country?
    A) Nepal
    B) UAE
    C) Sri Lanka
    D) Singapore
    
    View answer

    Option D
    Explanation: Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) have announced a project under which the two central banks will link their respective fast payment systems viz. Unified Payments Interface (UPI) and PayNow.

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