Current Banking Awareness Quiz – Set 68

Target- IBPS PO Mains

Months Covered- October, November, December 2021 and January 2022

1. Who amongst the following has been appointed as the vice-president of Asian Infrastructure Investment Bank (AIIB) recently?
   A) Raghuram Rajan
   B) Arundhati Bhattacharya
   C) Rajnish Kumar
   D) Urjit Patel
   
   View answer

     Option D
   Explanation: Former Reserve Bank of India (RBI) Governor Urjit Patel has been appointed as Vice President of the multilateral funding institution Asian Infrastructure Investment Bank (AIIB) for a period of three years. Mr Patel will be one of the five Vice Presidents of the AIIB.
2. What is India’s GDP growth projection for 2021-22 as per the first advance estimates of National Statistical Office (NSO)?
   A) 9.5%
   B) 9.2%
   C) 7.3%
   D) 6.8%
   
   View answer

     Option B
   Explanation: The National Statistical Office (NSO) has estimated India’s GDP to grow at 9.2 percent in the current fiscal, 2021-22. NSO released its first advance estimates of economic output on January 07, 2022.
3. Which of the following report was released by the Reserve Bank of India in December 2021 in compliance with Section 36 (2) of the Banking Regulation Act, 1949?
   A) Financial Stability Report, December 2021
   B) Monetary Policy Report
   C) Report on Trend and Progress of Banking in India 2020-21
   D) Report on Management of Foreign Exchange Reserves
   
   View answer

   Option C
   Explanation: the Reserve Bank of India released the Report on Trend and Progress of Banking in India 2020-21, a statutory publication in compliance with Section 36 (2) of the Banking Regulation Act, 1949. This Report presents the performance of the banking sector, including co-operative banks, and non-banking financial institutions during 2020-21 and 2021-22 so far.
4. Which bank has won the #1 position in overall digital transactions amongst large banks for FY20-21?
   A) State Bank of India
   B) Punjab National Bank
   C) Bank of Baroda
   D) Union Bank of India
   
   View answer

   Option C
   Explanation: Bank of Baroda has announced it has won the #1 position in overall digital transactions amongst large banks for FY20-21.
5. Which bank has partnered with NPCI for the launch of RuPay On-the-Go contactless wearable keychain for its debit card customers?
   A) City Union Bank
   B) Union Bank of India
   C) Punjab National Bank
   D) Axis Bank
   
   View answer

   Option A
   Explanation: City Union Bank (CUB)
6. Finance Ministry has issued guidelines to be adopted by all public sector banks (PSBs) on Staff Accountability Framework for NPA Accounts up to what limit?
   A) Rs 25 crore
   B) Rs 50 crore
   C) Rs 75 crore
   D) Rs 100 crore
   
   View answer

   Option B
   Explanation: Department of Financial Services (DFS), under the finance ministry, has issued guidelines to be adopted by all public sector banks (PSBs) on Staff Accountability Framework for NPA Accounts up to Rs. 50 crore’.
7. HARBINGER 2021 launched by the Reserve Bank of India is which edition of this Global Hackathon?
   A) 2nd
   B) 1st
   C) 3rd
   D) 5th
   
   View answer

   Option B
   Explanation: The Reserve Bank of India has launched its first global hackathon named “HARBINGER 2021 – Innovation for Transformation”. The theme of HARBINGER 2021 is ‘Smarter Digital Payments’.
8. Who has been appointed as the managing director and chief executive officer (MD & CEO) of National Securities Depositories (NSDL)?
   A) Padmaja Chunduru
   B) B.N. Patel
   C) Ashok Chawla
   D) T.C. Suseel Kumar
   
   View answer

   Option A
   Explanation: Padmaja Chunduru appointed MD, CEO of NSDL
9. Which company has acquired 100% ownership of lending startup CreditMate?
   A) PhonePe
   B) PayTm
   C) Meta
   D) Google India
   
   View answer

   Option B
   Explanation: Paytm acquires 100% ownership of lending startup CreditMate
10. Which bank has launched the NAV-eCash Card for Indian Navy onboard INS Vikramaditya?
    A) Punjab National Bank
    B) State Bank of India
    C) Union Bank of India
    D) Indian Bank
    
    View answer

    Option B
    Explanation: The State Bank of India (SBI) has partnered with the Indian Navy to launch an NAV-eCash card for the naval personnel onboard the country’s largest Naval Aircraft carrier INS Vikramaditya.

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