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A Learning Portal from Recruitment India
A Learning Portal from Recruitment India
Which of the following correctly defines the term LIBOR?
Global consumer products inflation rate
Interest earned by central banks for investing in the United States Treasury bonds
Benchmark interest rate at which major global banks lend to one another
The interest rate charged by World Bank to borrowing countries
Answer with explanation
Answer: Option CExplanation
The London Interbank Offered Rate (LIBOR) is a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans.
It serves as a globally accepted key benchmark interest rate that indicates borrowing costs between banks. The rate is calculated and published each day by the Intercontinental Exchange (ICE).
It is based on five currencies including the U.S. dollar, the euro, the British pound, the Japanese yen, and the Swiss franc.
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Who has been appointed as new Managing Director of Indian Overseas Bank?
J Packirisamy
Amitabh Chaudhry
Partha Pratim Sengupta
Sanjiv Chadha
Answer with explanation
Answer: Option CExplanation
Indian Overseas Bank (IOB) on Thursday said Partha Pratim Sengupta has been appointed as its new managing director and chief executive
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Which renowned Indian writer’s 140th birth anniversary was observed on July 31, 2020?
Rabindranath Tagore
Amrita Pritam
Munshi Premchand
Sri Aurobindo
Answer with explanation
Answer: Option CExplanation
July 31st is going to be Munshi Premchand’s 140th delivery anniversary this yr, on July 31, i.e. Friday
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National Education Policy 2020 emphasizes to set up which fund?
Education Upliftment Fund
Gender Equality Fund
Social Empowerment Fund
Gender Inclusion Fund
Answer with explanation
Answer: Option AExplanation
National Education Policy (NEP) 2020 emphasizes setting up of Gender Inclusion Fund, Special Education Zones for disadvantaged regions and groups
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The gross nonperforming assets (GNPA) ratio of all scheduled commercial banks (SCBs) will increase from 8.5% in March 2020 to what amount by March 2021?
14.7%
11.7%
12.5%
10.0%
Answer with explanation
Answer: Option CExplanation
The macro stress tests for credit risk indicate that the GNPA ratio of all SCBs may increase… to 12.5% by March 2021 under the baseline scenario,” the RBI said in its Financial Stability Report, July 2020. “The ratio may escalate to 14.7% under a very severely stressed scenario,” which assumes hypothetically that the GDP would suffer a contraction of 8.9% in 2020-21, the central bank added. In the baseline case, the GDP is assumed to contract 4.4%
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