Current Banking Awareness Quiz – Set 32

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. The China-led Asian Infrastructure Investment Bank (AIIB) approved its first set of loans amounting to $ 509 million to four countries. Which of the following Is not among these 4 countries?
   A) Bangladesh
   B) Indonesia
   C) Pakistan
   D) Nepal
   E) Tajikistan
   

   Answer & Explanation

   D) Nepal
   Explanation:
   AIIB headquartered in Beijing, China, has given loan to finance projects in four countries viz. Bangladesh, Pakistan, Indonesia and Tajikistan.
   
   
   
2. Which of the following has exited the shareholding of CIBIL?
   A) ICICI and Bank of India
   B) United Bank of India and Aditya Birla Trustee Company Private Ltd.
   C) United Bank of India and Bank of Baroda
   D) ICICI and Bank of Baroda
   E) Indian Overseas Bank and ICICI
   

   Answer & Explanation

   D) ICICI and Bank of Baroda
   Explanation:
   ICICI Bank has sold its whole six per cent stake in the company, while Bank of Baroda has sold its whole five per cent holding.
   
   
3. With ICICI and BoB sold there shareholding in CIBIL, who has bought their percentage of shares?
   A) Aditya Birla Trustee Company Private Ltd.
   B) Indian Overseas Bank
   C) TransUnion International Inc
   D) Union Bank of India
   E) India Infoline Finance Limited
   

   Answer & Explanation

   C) TransUnion International Inc
   Explanation:
   Earlier the shareholding patterns of CIBIL were
   TransUnion International Inc (66.1%)
   ICICI Bank Ltd (6%)
   Bank of Baroda (5%)
   Bank of India (5%)
   Union Bank of India (5%)
   Indian Overseas Bank (5%)
   Aditya Birla Trustee Company Private Ltd. (4%)
   India Alternatives Private Equity Fund (2.9%)
   India Infoline Finance Limited (1%)
   
   
4. Which of the following bansk has launched ‘Elite’ card on the Master Card World platform which is enabled with NFC (Near Field Communication) technology?
   A) ICICI
   B) PNB
   C) SBI
   D) Axis Bank
   E) Canara Bank
   

   Answer & Explanation

   C) SBI
   Explanation:
   This allows customers a contactless payment experience, adding more speed and suave to their wallets.
   The new card comes with a joining fee of Rs 4,999 and all customers will receive a welcome gift worth Rs 5,000 in the form of vouchers from popular lifestyle and travel brands.
   
   
   
5. Cabinet Committee on Economic Affairs (CCEA) cleared the proposal of Axis Bank for increasing foreign shareholding limit from existing 62 per cent to ____ per cent.
   A) 70%
   B) 84%
   C) 74%
   D) 65%
   E) None of these
   

   Answer & Explanation

   C) 74%
   Explanation:
   Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi cleared the proposal of Axis Bank for increasing foreign shareholding limit from existing 62 per cent to 74 per cent.
   
   
6. According to rating agency Fitch, Indian banks will need approximately how much capital by 2019 to meet new Basel III capital norms?
   A) $100 billion
   B) $90 billion
   C) $85 billion
   D) $70 billion
   E) $95 billion
   

   Answer & Explanation

   B) $90 billion
   Explanation:
   According to rating agency Fitch, Indian banks will need about $90 billion of capital to meet new Basel III capital norms to be implemented by the financial year ending March 2019, more than 80% of which will be needed by public sector lenders.
   
   
   
7. Who has been named as the best banking CEO in Asia?
   A) Shikha Sharma
   B) Uday Kotak
   C) Chanda Kochar
   D) Aditya Puri
   E) Arundhati Bhattacharya
   

   Answer & Explanation

   D) Aditya Puri
   Explanation:
   Aditya Puri, the chief executive and managing director of the second largest private sector lender HDFC Bank has been ranked as the best banking CEO in Asia by the investor community.
   
   
8. Sudarshan Sen has been appointed as the Executive Director of RBI. He replaced
   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.
   In his place, Sudarshan Sen has been appointed.
   
   
   
9. Who has been appointed as the head of Working Group on Fin Tech and Digital Banking by RBI?
   A) NS Vishwanathan
   B) KR Subramaniam
   C) Sarvesh Rana
   D) NS Iyer
   E) Sudarshan Sen
   

   Answer & Explanation

   E) Sudarshan Sen
   Explanation:
   The Reserve Bank of India (RBI) has set up an inter-regulatory Working Group to study the regulatory issues relating to Financial Technology (Fintech) and Digital Banking in India The inter-regulatory Working Group will be headed by RBI’s Executive Director Sudarshan Sen and consist of 12 members.
   
   
10. Which of the following banks is ready to acquire Microfinance Grama Vidiyal?
    A) Bandhan Bank
    B) Yes Bank
    C) Axis Bank
    D) Kotak Mahindra Bank
    E) IDFC Bank
    

    Answer & Explanation

    E) IDFC Bank
    Explanation:
    Private sector lender IDFC Bank announced the acquisition of Tamil Nadu-based Grama Vidiyal Microfinance that will help it widen the reach.