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Current Banking Awareness Quiz – Set 28

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Hello Aspirants. Welcome to Current Banking Awareness Quiz in AffairsCloud.com. Here we are covering some important Banking Awareness Questions. Do study this banking quiz thoroughly as it may prove to be helpful in upcoming exams.

  1. Which of the following company has changed its name to Bharat Financial Inclusion Ltd.?
    A) SKS Microfinance Ltd
    B) Spandana Sphoorty Financial Ltd
    C) Bhartiya Samruddhi Finance Limited
    D) Cashpor Micro Credit
    E) None of these
    A) SKS Microfinance
    Explanation:

    The company had said the decision to change the name was taken as its core had undergone a transformation, equipping it to play a major role in fulfilling the national priority of financial inclusion.
    The company is among the largest microfinance companies in India. It has presence across 18 states covering 1,00,000 villages, catering to its 63.65 lakh women members.

  2. How much shareholding is must for the promoters of insurance companies after their listing?
    A) 40%
    B) 50%
    C) 49%
    D) 52%
    E) None of these
    B) 50%
    Explanation:

    Promoters of insurance companies will be forced to maintain their shareholding at 50 per cent even after listing under the guidelines proposed by the insurance regulator.
    This is in sharp contrast to the banking sector where the regulator insists that promoters of banks dilute their shareholding to 20 per cent within a time frame.
    The minimum shareholding requirements are part of the Insurance Regulatory and Development Authority of India’s (IRDAI) draft guidelines for listed companies.

  3. British bank Barclays has launched a new financial technology platform in which of the following places in India?
    A) New Delhi
    B) Ahmedabad
    C) Mumbai
    D) Jaipur
    E) Hyderabad
    C) Mumbai
    Explanation:

    British bank Barclays has launched a new financial technology platform in MUMBAI which will provide these start-ups with a physical site to work and interact with stakeholders and their peers in other markets for a fee. The lender hopes that providing such a platform will help it find innovative financial technology quickly and at a cheaper cost.

  4. Soon to be set up India Post Payments Bank will have how many branches in the country?
    A) 650
    B) 550
    C) 500
    D) 750
    E) 600
    A) 650
    Explanation:

    The communications and IT minister Ravi Shankar Prasad has said that all 650 branches of the payment bank set up by the department of posts will be established by September 2017.

  5. Who is the head of committee which has been made to select the next RBI governor, as present RBI Governor Mr. Raghuram Rajan’s term will end in closer to September 2016?
    A) PK Mishra
    B) Urjit Patel
    C) R Gandhi
    D) P K Sinha
    E) None of these
    D) P K Sinha
    Explanation:

    The committee route would be in sync with PM Narendra Modi’s remark that the appointment is an “administrative decision” that will be taken closer to September when Rajan’s term ends.
    PK Sinha is the Cabinet Sectretary.

  6. RBI’s which deputy governor/s is going to get retired on July 7 this year?
    A) Urjit Patel
    B) SS Mundra
    C) R Gandhi
    D) HR Khan
    E) All of the above
    D) HR Khan
    Explanation:

    Khan is due to retire on July 7 as he turns 62.
    for his replacement, interview is to be conducted by a panel headed by Cabinet Secretary Pradeep Kumar Sinha.
    Urjit Patel had got a 3 yr extension in Jan this year.

  7. The State bank of India has entered into alliance with which of the following companies to provide the acceptance of latter’s card in India?
    A) Discover
    B) American Express
    C) Capital One
    D) MasterCard
    E) Amex
    B) American Express
    Explanation:

    India’s largest lender State Bank of India (SBI) and American Express have entered into alliance to expand AmEx card acceptance in India.

  8. RBI has launched new restructuring tool ‘S4A’ to raise banks’ moral hazard risk. What is it?
    A) Scheme for Systematic Structuring of Stressed Assets
    B) Scheme for Sustainable Structuring of Stressed Assets
    C) Scheme for Sustainable Structuring of Scholastic Assets
    D) Scheme for Sustainable Strength of Stressed Assets
    E) None of these
    B) Scheme for Sustainable Structuring of Stressed Assets
    Explanation:

    Under a new ‘Scheme for Sustainable Structuring of Stressed Assets’ (S4A), RBI allowed banks to take equity in debt laden firms permitting them to split total loans of struggling companies into sustainable and unsustainable based on the cash flows of the projects.

  9. Which bank has launched India’s first certified green bond at London Stock Exchange (LSE)?
    A) State Bank of India
    B) Bank of Baroda
    C) ICICI Bank
    D) Axis Bank
    E) None of these
    D) Axis Bank
    Explanation:

    Axis Bank raised $500 million at the London Stock Exchange after it launched India’s first internationally-listed certified green bond to finance climate change solutions around the world.

  10. Recently, Dr. R Seetharaman has been honored with the 2016 Green Economy Visionary Award. He is the CEO of
    A) South Indian Bank
    B) Federal Bank
    C) Doha Bank
    D) Deutsche Bank
    E) None of these
    C) Doha Bank
    Explanation:

    A Qatar-based Indian banker has been awarded for his contribution in environment-friendly activities and for promoting green economy for nearly two decades.
    R Seetharaman, Group CEO of Doha Bank, was honoured with the ‘Green Economy Visionary award’ at the 2016 Union of Arab Banks International Banking Summit held in Rome.