Current Banking Awareness Quiz – Set 65

Target- SBI Clerk Mains, RRB PO and Clerk Mains

Months Covered- January 2021 to September 2021

1. RBI has introduced Legal Entity Identifier (LEI) for NEFT, RTGS transactions undertaken by entities above what amount?
   A) Rs 25 crore
   B) Rs 10 crore
   C) Rs 50 crore
   D) Rs 100 crore
   
   View answer

     Option C
   Explanation: RBI introduces Legal Entity Identifier (LEI) for NEFT, RTGS transactions above Rs 50 crore
2. Name the first urban co-operative bank (UCB) to transition to a Small Finance Bank in India?
   A) Shikshak Sahakari Bank
   B) Abhyudaya Co-operative Bank
   C) Saraswat Co-operative Bank
   D) Shivalik Mercantile Co-operative Bank
   
   View answer

     Option D
   Explanation: Uttar Pradesh-based Shivalik Mercantile Co-operative Bank (SMCB) has become the first urban co-operative bank (UCB) in India to receive licence from RBI to operate as a Small Finance Bank (SFB).
3. What is the base year for Financial Inclusion Index by RBI?
   A) March 2018
   B) March 2017
   C) March 2019
   D) None of these
   
   View answer

   Option D
   Explanation: There is no base year for this Index.
4. What is the theme of Third Cohort under the Regulatory Sandbox (RS) announced by the Reserve Bank of India?
   A) MSME Lending
   B) Priority Sector Lending
   C) Fintech Lending
   D) Online Lending
   
   View answer

   Option A
   Explanation: The Reserve Bank of India has announced the theme for the Third Cohort under the Regulatory Sandbox (RS) as ‘MSME Lending’.
5. Who is the head of the six-member working group formed by RBI to regulate digital lending frauds?
   A) M.K. Jain
   B) J.K. Dash
   C) K.V. Kamath
   D) Dr. Bimal Jalan
   
   View answer

   Option B
   Explanation: RBI forms six-member working group to regulate digital lending frauds; Head- Jayant Kumar Dash, Executive Director, RBI
6. Which bank has launched a DIY Digital Repayment platform named ‘Neo Collections’?
   A) Axis Bank
   B) ICICI Bank
   C) HDFC Bank
   D) Kotak Mahindra Bank
   
   View answer

   Option D
   Explanation: Kotak Mahindra Bank has launched a platform named ‘Neo Collections’, which is a Do It Yourself Digital Repayment Platform for missed loan repayments.
7. Who is the MD and CEO of SBI Cards and Payment Services Ltd (SBI Card)?
   A) Dinesh Kumar Khara
   B) Ashwini Kumar Tewari
   C) Rama Mohan Rao
   D) Shriniwas Yeshwant Joshi
   
   View answer

   Option C
   Explanation: Rama Mohan Rao Amara appointed MD and CEO of SBI Card
8. Which of the following entity has launched online platform ‘YIELD’ for hassle free investment in bond, debenture?
   A) ICICI Direct
   B) Axis Securities
   C) Kuvera
   D) Angel Broking
   
   View answer

   Option B
   Explanation: Axis Securities launches online platform ‘YIELD’ for hassle free investment in bond, debenture
9. Government has set which amount as trigger amount under the pre- packs scheme of MSME?
   A) Rs 10 lakh
   B) Rs 15 lakh
   C) Rs 20 lakh
   D) Rs 25 lakh
   
   View answer

   Option A
   Explanation: Govt sets trigger amount as Rs 10 lakh for MSME pre-packs scheme
10. “Pockets” is a digital wallet of which bank?
    A) ICICI Bank
    B) HDFC Bank
    C) Axis Bank
    D) Kotak Mahindra Bank
    
    View answer

    Option A
    Explanation: ICICI Bank Partners with NPCI to Link UPI ID with Its Digital Wallet ‘Pockets’

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