Current Banking Awareness Quiz

Current Banking Awareness Quiz – Set 67 (SBI PO Mains)

Current Banking Awareness Quiz – Set 67

Target- SBI PO Mains

Months Covered- October, November and December 2021

  1. What is the cap on promoters’ stake in Private sector banks in India in the long run of 15 years with respect to the paid-up voting equity share capital of the bank?
    A) 15 percent

    B) 26 percent
    C) 21 percent
    D) 25 percent
    View answer
      Option B
    Explanation: The cap on promoters’ stake in the long run of 15 years has been raised from 15 percent (earlier) to 26 percent of the paid-up voting equity share capital of the bank.
  2. What is the initial paid-up voting equity share capital/ net worth required to set up a new universal bank in India?
    A) Rs 500 crore

    B) Rs 200 crore
    C) Rs 1000 crore
    D) Rs 1500 crore
    View answer
      Option C
    Explanation: The initial paid-up voting equity share capital/ net worth required to set up a new universal bank has been increased to ₹1000 crore (from present ₹500 crore).
  3. What is the initial paid-up voting equity share capital/ net worth required to set up a new Small Finance Bank in India?
    A) Rs 200 crore

    B) Rs 250 crore
    C) Rs 300 crore
    D) Rs 500 crore
    View answer
    Option C
    Explanation: The initial paid-up voting equity share capital/ net worth required to set up a new SFB, has been increased to ₹300 crore (from present ₹200 crore).
  4. What is the initial paid-up voting equity share capital/ net worth requirement for Urban Cooperative Banks to transition into Small Finance Bank?
    A) Rs 100 crore

    B) Rs 150 crore
    C) Rs 200 crore
    D) Rs 300 crore
    View answer
    Option B
    Explanation: The initial paid-up voting equity share capital/ net worth has been increased to ₹150 crore (from present ₹100 crore) which has to be increased to ₹300 crore in five years (from present ₹200 crore).
  5. All the new Small Finance Banks which are setup now, should be listed (on stock exchange) within ______ years from the date of commencement of operations’
    A) 5

    B) 4
    C) 6
    D) 8
    View answer
    Option D
    Explanation: All the new Small Finance Banks which are setup now, should be listed (on stock exchange) within ‘eight years from the date of commencement of operations’
  6. Universal banks should be listed on the stock exchange within how many years of commencement of operations?
    A) 4

    B) 5
    C) 6
    D) 8
    View answer
    Option C
    Explanation: Note that Universal banks shall continue to be listed within six years of commencement of operations.
  7. Which of the following bank has topped the 2021 list of globally systemic banks (G-SIBs) released by the Financial Stability Board (FSB)?
    A) JP Morgan Chase

    B) BNP Paribas
    C) Bank of China
    D) Goldman Sachs
    View answer
    Option A
    Explanation: JP Morgan Chase has topped the 2021 list of globally systemic banks (G-SIBs) released by the Financial Stability Board (FSB).
  8. Which bank has announced the launch of India’s first-ever standalone metal debit card?
    A) IDBI Bank

    B) HDFC Bank
    C) ICICI Bank
    D) IDFC First Bank
    View answer
    Option D
    Explanation: IDFC FIRST Bank has announced the launch of FIRST Private Infinite, the country’s first-ever standalone metal debit card, in partnership with Visa.
  9. What is the interest rate on employees’ provident fund (EPF) deposits for 2020-21?
    A) 8%

    B) 8.2%
    C) 8.5%
    D) 8.7%
    View answer
    Option C
    Explanation: Ministry of Finance has approved the interest rate on employees’ provident fund (EPF) deposits for 2020-21 at 8.5%. The rate has been kept unchanged as for year 2019-20.
  10. What is the authorized share capital of National Bank for Financing Infrastructure and Development (NaBFID)?
    A) Rs 20,000 crore

    B) Rs 1 lakh crore
    C) Rs 10,000 crore
    D) Rs 1.5 lakh crore
    View answer
    Option B
    Explanation: The authorized share capital of the NaBFID is Rs one lakh crore. The initial paid-up capital of NaBFID is Rs 20,000 crore.

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