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Download Android app Notifications, Preparation Portal Here >> RecruitmentIndia Android APP Which country will be the first recipient of the Asian Infrastructure and Investment Bank (AIIB)’s local currency financing?
China
Russia
India
Japan
Answer with explanation
Answer: Option CExplanation
India will be the first recipient of local currency financing by the Asian Infrastructure and Investment Bank (AIIB). The objective of local currency financing is to provide more options to borrowers. India is the second-largest shareholder of AIIB with a 7.5% stake. It has received about $2-billion funding for various projects so far.China holds 20.06% and Russia holds 5.92%.
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The Common Service Centre (CSC) has launched the credit card ‘Small Business MoneyBack Credit Card’ in partnership with which bank?
Punjab National Bank
HDFC Bank
Axis Bank
State Bank of India
Answer with explanation
Answer: Option BExplanation
HDFC Bank and Common Service Centre (CSC) SPV of Government of India, have launched a co-branded credit card ‘Small Business MoneyBack Credit Card’. It is aimed at small traders and village level entrepreneurs (VLEs).
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Deposits in bank accounts opened under PMJDY scheme have crossed the Rs 1 lakh crore mark. PMJDY stands for Pradhan Mantri Jan Dhan Yojana. It was launched in which year?
2012
2013
2014
2015
Answer with explanation
Answer: Option CExplanation
Deposits in bank accounts opened under PMJDY scheme have crossed the Rs 1 lakh crore mark. PMJDY stands for Pradhan Mantri Jan Dhan Yojana. The PMJDY was launched on August 28, 2014.
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Name the three-year roadmap finalised by Reserve Bank of India board to improve regulation and supervision of the central bank?
Uday 2022
Ullaas 2022
Anubhav 2022
Utkarsh 2022
Answer with explanation
Answer: Option DExplanation
The Reserve Bank of India board has finalised a three-year roadmap ‘Utkarsh 2022’. It is a three-year road map for medium term objectives to be achieved for improving regulation and supervision of the central bank.
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Web tool ‘Vasool So-Ft’ has been launched by which bank?
Canara Bank
UCO Bank
South Indian Bank
Karnataka Bank
Answer with explanation
Answer: Option DExplanation
Karnataka Bank Ltd has launched the web tool named ‘Vasool So-Ft’ (Vasool So-Fast) – to digitalise the NPA (non-performing asset) recovery process of the bank.
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Under the Click OD facility launched by Yes Bank, MSME customers can avail unsecured overdraft of upto Rs _____________ without documentation
Rs 12 lakh
Rs 8 lakh
Rs 10 lakh
Rs 5 lakh
Answer with explanation
Answer: Option CExplanation
Using the facility MSME customers of Yes Bank can avail themselves of unsecured OD of up to Rs. 10 lakh without documentation. This offer is available only for select customers based on their credit history.
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Who is the head of the RBI committee to study current framework for MSMEs?
Answer with explanation
Answer: Option CExplanation
The Reserve Bank of India (RBI) has set up an 8-member expert committee on Micro, Small and Medium Enterprises (MSMEs) to suggest long-term solutions for the economic and financial sustainability of the MSMEs. This committee is set up under the leadership of former SEBI Chairman UK Sinha to review the current framework for the MSME Sector. The committee will examine the factors affecting the timely and adequate availability of finance to the MSME sector. It will review the existing MSME focused policies and their impact and will propose measures for leveraging technology in accelerating the growth of the sector apart from recommending the global best practices.
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Name the bank, which was reported with highest number of fraud cases in India in the last 11 fiscal years i.e, between 2008-09 and 2018-19.
Bank of Baroda
ICICI (Industrial Credit and Investment Corporation of India) Bank
HDFC (Housing Development Finance Corporation) Bank
State Bank of India (SBI)
Answer with explanation
Answer: Option BExplanation
Central bank of the country, the Reserve Bank of India’s (RBI) data revealed that 53,334 fraud cases worth Rs. 2.05 lakh crore hit the banks in India in the last 11 fiscal years i.e, between 2008-09 and 2018-19. The highest number of cases were reported in ICICI (Industrial Credit and Investment Corporation of India) Bank, State Bank of India (SBI) and HDFC (Housing Development Finance Corporation) Bank.
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Which among the following fund houses launched first of its kind initiative in India to do mutual fund transactions through Whatsapp?
Aditya Birla AMC
Motilal Oswal AMC
HDFC AMC
Reliance AMC
Answer with explanation
Answer: Option BExplanation
The fund house said this feature is not a part of WhatsApp Pay and is different from using it as a payment channel. Investors can invest in either in Lumpsum or through Systematic Investment Plan route.
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Name the life insurer that has been conferred with the FICCI Claims Excellence Award.
DHFL Pramerica Life Insurance
Bharti AXA Life Insurance
Birla Sun Life Insurance Co. Ltd
Bajaj Allianz Life Insurance Company Limited
Answer with explanation
Answer: Option BExplanation
Bharti AXA Life Insurance, a private life insurer, has been conferred with the FICCI Claims Excellence Award. The recognition comes for its customer-friendly claims services in the life insurance sector.
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The Reserve Bank of India has imposed a monetary penalty of Rs1 crore on which of the following bank recently for its failure to fully automate the non-performing asset (NPA) identification process?
Nainital Bank
Oriental Bank of Commerce
Karnataka Bank
Uttarakhand Cooperative Bank
Answer with explanation
Answer: Option AExplanation
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs1 crore on Nainital Bank for its failure to fully automate the non-performing asset (NPA) identification process, despite specific directions issued in this regard.
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Which financial institution has imposed fines on prepaid payment instrument issuers for violating norms?
WB
SIDBI
NHB
RBI
Answer with explanation
Answer: Option DExplanation
The Reserve Bank of India on May 3, 2019 announced that it has imposed penalties on five prepaid payment instrument (PPI) issuers, including Vodafone m-pesa and PhonePe, for violation of regulatory norms.
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Canara Bank and its life insurance partner Canara HSBC Oriental Bank of Commerce Life Insurance launched ________to enables its customers to purchase life insurance in a convenient and hassle-free way
Bank Custodian
Bankruptcy Code
Insuraisal
Webassurance
Answer with explanation
Answer: Option DExplanation
Canara Bank and its life insurance partner Canara HSBC Oriental Bank of Commerce Life Insurance launched ’Webassurance’ to enable its customers to purchase life insurance in a convenient and hassle-free way.
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Bank of Baroda has become the ______________ largest bank in the country
5th
1st
4th
3rd
Answer with explanation
Answer: Option DExplanation
The amalgamation of Vijaya Bank and Dena Bank into the Bank of Baroda (BoB) has come into effect and all branches of the former two will function as branches of BoB. The merged entity would also receive Rs 5,042 crore fund infusion from the government. Post the merger, Bank of Baroda has become the third largest bank in the country.
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How much amount to be provided to Rwanda by Exim Bank for various projects?
USD 255.78 million
USD 266.60 million
USD 495.70 million
USD 326.80 million
Answer with explanation
Answer: Option BExplanation
The Reserve Bank of India (RBI) said Exim Bank has provided soft loans of USD 266.60 million to Rawanda for various projects. The funding, done in three separate tranches to Rawanda, is to support agricultural projects, development of special economic zones (SEZs) and for financing road project in the African nation.
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