Current Banking Awareness Quiz – Set 70

Target- IBPS PO Mains

Months Covered- August 2021 to January 2022

1. Identify the true statement(s).
   (i) e-RUPI is a type of payment voucher with a one-time payment mechanism.
   (ii) e-RUPI is built on the UPI platform.
   (iii) e-RUPI has been launched by RBI
   A) Only (i)
   B) (i) and (ii)
   C)  Only (ii)
   D) all three
   
   View answer

     Option B
   Explanation: (i) and (ii) are true. While (iii) is wrong as e-RUPI was launched by NPCI.
2. Which bank has launched the ‘Dukandar Overdraft Scheme’ for small retailers?
   A) ICICI Bank
   B) HDFC Bank
   C) Axis Bank
   D) State Bank of India
   
   View answer

     Option B
   Explanation: HDFC Bank, has launched an overdraft facility for small retailers called ‘Dukandar Overdraft Scheme’, to help shopkeepers and merchants in easing their cash crunch.
3. Which bank has recently launched a floating ATM on Dal Lake Srinagar?
   A) ICICI Bank
   B) HDFC Bank
   C) J&K Bank
   D) State Bank of India
   
   View answer

   Option D
   Explanation: The State Bank of India (SBI) has opened a floating ATM on Dal Lake in Srinagar, Jammu and Kashmir.
4. Who is the head of committee formed by RBI on NUE licenses?
   A) Jayant Kumar Dash
   B) A. K. Choudhary
   C) P Vasudevan
   D) Vivek Deep
   
   View answer

   Option C
   Explanation: The Reserve Bank of India (RBI) will setup a committee to scrutinize applications and give recommendations on New Umbrella Entity (NUE) licenses. The 5 member committee will be headed by Shri. P. Vasudevan.
5. Name the Fast Payment Service of Singapore with which RBI has linked UPI.
   A) FastPay
   B) ZipPay
   C) PayFast
   D) PayNow
   
   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.
6. Which of the following Payment app has launched the ‘Buy Now, Pay Later’ platform- “postpe”?
   A) PhonePe
   B) Google Pay
   C) BharatPe
   D) Amazon Pay
   
   View answer

   Option C
   Explanation: BharatPe launches ‘Buy Now, Pay Later’ platform- “postpe”
7. Reserve Bank of India has recently announced the launch of Regulatory Sandbox with theme as ‘Prevention and Mitigation of Financial Frauds’. This is the ____ cohort in the series of Regulatory Sandbox launched by the RBI.
   A) third
   B) fourth
   C) fifth
   D) sixth
   
   View answer

   Option B
   Explanation: RBI announces the Theme for Fourth Cohort under Regulatory Sandbox as ‘Prevention and Mitigation of Financial Frauds’
8. Which bank has launched the 2nd edition of “Mooh Band Rakho” campaign?
   A) ICICI Bank
   B) HDFC Bank
   C) Indian Bank
   D) State Bank of India
   
   View answer

   Option B
   Explanation: HDFC Bank Ltd has launched the second edition of its “Mooh Band Rakho” campaign to raise awareness on fraud prevention in support of International Fraud Awareness Week 2021 (November 14-20, 2021).
9. Which bank has launched the savings scheme named Mahila Mitra Plus for women?
   A) ICICI Bank
   B) HDFC Bank
   C) Federal Bank
   D) CSB Bank
   
   View answer

   Option C
   Explanation: Federal Bank has launched a feature-rich savings bank product for women. The savings scheme is called Mahila Mitra Plus and provides a curated set of features, designed to make financial planning and investments easy for women
10. What is the GDP growth rate projection for Indian economy as per the World Bank for FY 2022-2023?
    A) 8.7%
    B) 8.3%
    C) 6.8%
    D) 8.6%
    
    View answer

    Option A
    Explanation: The World Bank has projected the Indian economy to grow at the following rate in its ‘Global Economic Prospects’ report released on January 11, 2022. FY 2021-2022 – 8.3%; FY 2022-2023 – 8.7%; FY 2023-2024 – 6.8%

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