Current Banking Awareness Quiz – Set 31

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. Reserve Bank announced the cap under Market Stabilisation Scheme (MSS) which has been fixed at Rs 30,000 crore for the current fiscal. MSS was launched in the year
    A) 2001
    B) 2006
    C) 2005
    D) 2004
    E) None of these
    Answer & Explanation
    D) 2004
    Explanation:

    The scheme was launched in 2004.Under this scheme securities are issued with the objective of providing the RBI with a stock of securities with which it can intervene in the market for managing liquidity.
    These securities are issued not to meet the government’s expenditure.

  2. Which of the following has approved $500 million loan for bridge over Ganga River in Bihar?
    A) World Bank
    B) Asian Development Bank
    C) International Monetary Fund
    D) European Development Bank
    E) None of these
    Answer & Explanation
    B) Asian Development Bank
    Explanation:

    Asian Development Bank accorded $500 million to build bridge over India’s longest river bridge which is in Bihar having distance of 9.8 km road.

  3. First Annual General Meeting of Asian Infrastructure Investment Bank held at
    A) Dhaka
    B) Jakarta
    C) Shanghai
    D) Beijing
    E) None of these
    Answer & Explanation
    D) Beijing
    Explanation:

    Finance Minister Arun Jaitley Participated in the First Annual General Meeting of Asian Infrastructure Investment Bank at Beijing to discuss about the investment in Infrastructure and accorded the approval to establish the Regional Office of AIIB in New Delhi.

  4. Which of the following approved $63 million for Tejaswini Project in Jharkhand?
    A) World Bank
    B) Asian Development Bank
    C) International Monetary Fund
    D) European Development Bank
    E) None of these
    Answer & Explanation
    A) World Bank
    Explanation:

    The World Bank Board has approved the 63 million US dollar for Tejaswini project that paves the way for Socioeconomic Empowerment of Adolescent Girls and Young Women in Jharkhand.

  5. Which of the following approved $201.50 million for Technical Education Quality Improvement Project in India?
    A) World Bank
    B) Asian Development Bank
    C) International Monetary Fund
    D) European Development Bank
    E) None of these
    Answer & Explanation
    A) World Bank
    Explanation:

    United States based World Bank’s Board of Executive Directors has approved $201.50 million for Technical Education Quality Improvement Project III in India

  6. India is to get $1 bn funding for solar projects from which of the following?
    A) World Bank
    B) Asian Development Bank
    C) International Monetary Fund
    D) European Development Bank
    E) None of these
    Answer & Explanation
    A) World Bank
    Explanation:

    The World Bank today committed USD 1 billion (about Rs 6,750 crore) to support solar energy programme in India, which is reducing dependence on conventional energy sources to reduce greenhouse gas emissions.

  7. SBI is going to offer its banking services on Facebook, Twitter through?
    A) SBI Quick
    B) SBI Online
    C) SBI Sort
    D) SBI Social
    E) SBI Mingle
    Answer & Explanation
    E) SBI Mingle
    Explanation:

    Leveraging on the popularity of Facebook and Twitter, State Bank of India (SBI) today launched ‘SBI Mingle’, allowing its customers access various banking services via these social platforms. Using SBI Mingle, the bank’s customers can do a host of banking services on their Facebook or Twitter accounts at their own convenience.

  8. Name the newly appointed deputy governor of RBI.
    A) NS Vishwanathan
    B) KR Subramaniam
    C) Sarvesh Rana
    D) NS Iyer
    E) None of these
    Answer & Explanation
    A) NS Vishwanathan
    Explanation:

    The Union Government has appointed NS Vishwanathan as deputy governor of the Reserve Bank of India (RBI). His appointment was approved by the Appointments Committee of the Cabinet (ACC) presided by Prime Minister Narendra Modi in New Delhi.

  9. Reliance Industries (RIL) has signed agreement with which of the following to set up payments bank?
    A) Canara Bank
    B) State Bank of India
    C) Yes Bank
    D) Axis Bank
    E) Indian Overseas Bank
    Answer & Explanation
    B) State Bank of India
    Explanation:

    Telecom-to-energy conglomerate Reliance Industries (RIL) and India’s largest lender State Bank of India (SBI) have signed Subscription and Shareholders’ Agreement to set up payments bank. As per the agreement, RIL will be the promoter with a 70 per cent equity contribution in the payments bank and SBI as joint venture will have 30 per cent equity contribution.

  10. Which of the banks has signed agreements with the World Bank for $625 million to support grid connected rooftop solar programme in the Country?
    A) Canara Bank
    B) State Bank of India
    C) Bank of India
    D) Bank of Maharashtra
    E) Indian Overseas Bank
    Answer & Explanation
    B) State Bank of India
    Explanation:

    State Bank of India has signed agreements with the World Bank for $625 million to support grid connected rooftop solar programme in the Country
    SBI Capital Markets was keen advisor for structuring and setting up the facility





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