Current Banking Awareness Quiz – Set 72

Target- IBPS PO Mains

Months Covered- September 2021 to January 2022

1. Ittira Davis is the MD & CEO of which of the following bank?
   A) Utkarsh Small Finance Bank
   B) Ujjivan Small Finance Bank
   C) Equitas Small Finance Bank
   D) Jana Small Finance Bank
   
   View answer

     Option B
   Explanation: The Reserve Bank of India has approved the appointment of Ittira Davis as managing director & chief executive officer of (MD & CEO) of Ujjivan Small Finance Bank for a period of one year.
2. What is India’s GDP growth rate projection for 2021-22 as per the first advance estimates of National Statistical Office (NSO)?
   A) 9.2%
   B) 9.3%
   C) 9.4%
   D) 9.5%
   
   View answer

     Option A
   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. As per approval received from RBI, LIC can increase its stake to what percent in IndusInd Bank?
   A) 9.00%
   B) 11.11%
   C) 8.75%
   D) 9.99%
   
   View answer

   Option D
   Explanation: Life Insurance Corporation of India (LIC) has received approval from the Reserve Bank of India to increase its stake to 9.99 per cent in IndusInd Bank of the total issued and paid-up capital of the private sector lender.
4. What is the theme of global hackathon named “HARBINGER 2021” launched by RBI?
   A) Safe Digital Transactions
   B) Digital and Financial Literacy
   C) Smarter Digital Payments
   D) Financial Inclusion via Digital Payments
   
   View answer

   Option C
   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’.
5. What is the fees charged by RBI for opening of Retail Direct Gilt (RDG) Account with RBI for retails customers?
   A) Rs 500 per account
   B) Rs 100 per account
   C) Rs 50 per account
   D) No Fees
   
   View answer

   Option D
   Explanation: No fees
6. What amount of capital infusion has government approved in ECGC for the period ECGC Ltd for a period from FY 2021-2022 to FY 2025- 2026?
   A) Rs 4200 crore
   B) Rs 4300 crore
   C) Rs 4400 crore
   D) Rs 4500 crore
   
   View answer

   Option C
   Explanation: Govt approves IPO of ECGC and capital infusion of Rs 4,400 crore to ECGC
7. Which of the following payment company has launched ‘Buy Now, Pay Later’ platform named “postpe”?
   A) Amazon Pay
   B) PhonePe
   C) Google Pay
   D) BharatPe
   
   View answer

   Option D
   Explanation: BharatPe has launched ‘PostPe’, a new solution to provide credit to customers on the ‘Buy Now Pay Later’ (BNPL) platform.
8. Who is the current chairman of Financial Stability and Development Council (FSDC)?
   A) Smt. Nirmala Sitharaman
   B) Shri. Narendra Modi
   C) Shri. Shaktikanta Das
   D) Shri. M.K. Jain
   
   View answer

   Option A
   Explanation: Union Finance Minister is the ex-officio chairman of FSDC.
9. Which of the following company has launched the plug-and-play RuPay credit card stack, ‘nFiNi’?
   A) State Bank of India
   B) Paytm
   C) PhonePe
   D) National Payments Corporation of India
   
   View answer

   Option D
   Explanation: National Payments Corporation of India (NPCI) in partnership with Fiserv Inc. to launch the plug-and-play RuPay credit card stack, ‘nFiNi’.
10. Which bank has won the Most Innovative in Digital Banking honour at the Innovation in Digital Banking Awards 2021 by The Banker?
    A) DBS Bank
    B) ICICI Bank
    C) HDFC Bank
    D) Axis Bank
    
    View answer

    Option A
    Explanation: DBS Bank recognised as ‘Most Innovative in Digital Banking’ globally by ‘The Banker’

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