Current Banking Awareness Quiz

Current Banking Awareness Quiz – Set 73 (IBPS PO Mains)

Current Banking Awareness Quiz – Set 73

Target- IBPS PO Mains

Months Covered- September 2021 to January 2022

  1. Choose the correct option based on the below statements:
    (i) Presently in India we have 3 Domestic Systemically Important Banks (D-SIBs).
    (ii) In India, the list of Domestic Systemically Important Banks (D-SIBs) is released by Ministry of Finance
    (iii) The D-SIBs banks are classified into 3 buckets.
    A) (i) and (iii) are true

    B) Only (i) is true
    C) (i) and (ii) are true
    D) All three statements are true
    View answer
      Option B
    Explanation: (i) is correct with State Bank of India, ICICI Bank and HDFC Bank as D-SIBs. (ii) is false as the list is prepared by RBI. (iii) is false as there are 5 buckets
  2. Under the ‘Digital Payments Utsav’, Whatsapp will adopt 500 villages in which states to “accelerate financial inclusion”?
    A) Karnataka and Rajasthan

    B) Maharashtra and Karnataka
    C) Maharashtra and Rajasthan
    D) Rajasthan and Gujarat
    View answer
      Option B
    Explanation: WhatsApp announced the Digital Payments Utsav – a pilot program that is going to adopt 500 villages in Karnataka and Maharashtra in an effort to “accelerate financial inclusion”.
  3. What is India’s GDP growth forecast as per Ind-Ra for 2021-22?
    A) 9.5%

    B) 9.4%
    C) 9.3%
    D) 9.2%
    View answer
    Option C
    Explanation: Ind-Ra lowers India’s GDP growth forecast by 10 basis points to 9.3% in FY22
  4. The New Development Bank promoted by BRICS nation has recently added Egypt as a new member. With this, the total member nations of New Development Bank has increased to what number?
    A) 6

    B) 7
    C) 8
    D) 9
    View answer
    Option D
    Explanation: Now there are 9 members of New Development Bank- Brazil, Russia, India, China, South Africa, Bangladesh, UAE, Uruguay and Egypt.
  5. The Reserve Bank of India has issued revised Prompt Corrective Action (PCA)Framework for Scheduled Commercial Banks. Based on that, few statements are given below. Read them carefully and choose the correct options given as applicable:
    (i) The revised PCA framework on Scheduled Commercial Banks will be applicable from October 01, 2022.
    (ii) Capital, Asset Quality and Leverage are the key areas that will be monitored by RBI for all banks.
    (iii) The PCA Framework would apply to all banks operating in India including foreign banks operating through branches or subsidiaries based on breach of risk thresholds of identified indicators.
    (iv) A bank would be allowed to exit PCA framework if no breaches in risk thresholds in any of the parameters are observed as per four continuous quarterly financial statements
    A) (ii) and (iii) are correct

    B) (i) is false
    C) All statements are correct
    D) (iv) is false
    View answer
    Option B
    Explanation: (i) will be effective from January 1, 2022. (ii), (iii) and (iv) are correct.
  6. All the new Small Finance Banks which are setup now, should be listed (on stock exchange) within how many years from the date of commencement of operations?
    A) 5

    B) 6
    C) 7
    D) 8
    View answer
    Option D
    Explanation: eight years
  7. Given below are some small savings schemes operated by Government of India and respective interest rates. You have to choose the option where the scheme and respective interest rates are given correctly:
    (i) Public Provident Fund Account (PPF)- 7.1%
    (ii) National Savings Certificates – 6.9%
    (iii) Kisan Vikas Patra (KVP)- 6.8%
    (iv) Sukanya Samriddhi Account- 7.6%
    A) (i) and (ii) are correct

    B) (i) and (iv) are correct
    C) All are correct
    D) (ii) and (iii) are correct
    View answer
    Option B
    Explanation: (i) is correct. (ii) is false – NSC-6.8% (iii) is false- KVP-6.9% (iv) is correct
  8. Who has been appointed as the chairperson of National Bank for Financing Infrastructure and Development (NaBFID)?
    A) Bibek Debroy

    B) Baldev Prakash
    C) K V Kamath
    D) Ramnath Krishnan
    View answer
    Option C
    Explanation: K V Kamath appointed as chairperson of NaBFID
  9. Under the Scale Based Regulation (SBR) of NBFCs, RBI has categorized NBFC into how many categories.
    A) 3

    B) 4
    C) 5
    D) 6
    View answer
    Option B
    Explanation: RBI has categorized NBFCs into four layers (or 4 scales) based on their size, activity, and perceived riskiness. These are: NBFC – Base Layer (NBFC-BL), NBFC – Middle Layer (NBFC-ML), NBFC – Upper Layer (NBFC-UL) and NBFC – Top Layer (NBFC-TL).
  10. Which bank has launched WisePOSGo POS device?
    A) Karnataka Bank

    B) HDFC Bank
    C) ICICI Bank
    D) Axis Bank
    View answer
    Option A
    Explanation: The Karnataka Bank has launched an all-in-one Point-of- Sales (POS) swiping machine dubbed as ‘WisePOSGo’, for its merchant customers to process business payments.

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