Current Banking Awareness Quiz

Current Banking Awareness Quiz – Set 64

Current Banking Awareness Quiz – Set 64

Target- RRB PO and Clerk Mains

Months Covered- January 2021 to September 2021

  1. What is India’s GDP growth rate projection for 2020-21 as per the second advanced estimates projected by the National Statistical Office (NSO)?
    A) -7.7%

    B) -8.0%
    C) 7.7%
    D) 8.0%
    View answer
      Option B
    Explanation: NSO expects Indian economy to contract by 8% in 2020-21
  2. NPCI has partnered with which bank for the RuPay SoftPoS for merchants?
    A) PNB

    B) Canara Bank
    C) SBI
    D) Bank of India
    View answer
      Option C
    Explanation: NPCI Partners SBI Payments to launch “RuPay SoftPoS” for Merchants
  3. Which bank has launched ‘Shaurya Salary Account’ to provide banking and financial services to the personnel of the Armed Forces and Paramilitary services?
    A) HDFC Bank

    B) ICICI Bank
    C) Axis Bank
    D) Bandhan Bank
    View answer
    Option D
    Explanation: Bandhan Bank launches ‘Shaurya Salary Account’ to provide banking services to Defence personnel
  4. RBI has announced to launch the FI Index to measure the extent of financial inclusion in the country. RBI will release the FI Index annually in which month?
    A) January

    B) April
    C) July
    D) October
    View answer
    Option C
    Explanation: The Reserve Bank of India has announced that it will periodically publish a “Financial Inclusion Index” (FI Index) annually in July for the financial year ending the previous March.
  5. Who is the Chairman of the working group formed by RBI to regulate digital lending frauds?
    A) Jayant Kumar Dash

    B) Vivek Deep
    C) P Vasudevan
    D) Ajay Kumar
    View answer
    Option A
    Explanation: RBI forms a six-member working group to regulate digital lending frauds; Head- Jayant Kumar Dash, Executive Director, RBI
  6. Which bank has recently bought a 12.99% stake in Max Life Insurance to become co-promoter?
    A) Kotak Mahindra Bank

    B) Axis Bank
    C) HDFC Bank
    D) ICICI Bank
    View answer
    Option B
    Explanation: Axis Bank acquires 12.99% stake in Max Life Insurance to become co-promoter
  7. Amitabh Chaudhry is the MD and CEO of which bank?
    A) Kotak Mahindra Bank

    B) Standard Chartered Bank
    C) DBS Bank
    D) Axis Bank
    View answer
    Option D
    Explanation: Amitabh Chaudhry Re-appointed as MD & CEO of Axis Bank for 3 Years
  8. What is the FDI limit in Pension Fund Management?
    A) 100%

    B) 74%
    C) 49%
    D) 21%
    View answer
    Option B
    Explanation: Centre Raises FDI limit in NPS Fund Managers from 49% to 74%
  9. Mashreq Bank is based in which country?
    A) Nepal

    B) Sri Lanka
    C) Mauritius
    D) UAE
    View answer
    Option D
    Explanation: NPCI partners with Mashreq Bank to launch UPI in the UAE
  10. Which bank has launched India’s first FASTag-based metro parking facility?
    A) Paytm Payments Bank

    B) Airtel Payments Bank
    C) HDFC Bank
    D) Axis Bank
    View answer
    Option A
    Explanation: The Paytm Payments Bank Ltd (PPBL) has launched India’s first FASTag-based metro parking facility, at the Kashmere Gate metro station in partnership with Delhi Metro Rail Corporation (DMRC)

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