Hello Aspirants. Welcome to Current Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.
1. Which bank has won the ‘Bank of the year’ in UK?
A. Yes Bank
B. ICICI Bank
C. Axis Bank
D. HDFC Bank
Explanation: Yes Bank is India’s one of the largest private sector bank. ‘The Banker’ magazine’s annual ‘Banker Bank of the year awards’ are widely regarded as the Oscars for the Banking industry.
2. Which bank has entered the innovative Green Bonds space with the London Stock Exchange to help finance renewable energy projects in India?
B. Axis Bank
C. ICICI Bank
D. Yes Bank
Explanation: The issuer of a green bond publicly states that capital is being raised to fund ‘green’ projects related to renewable energy, emission reductions and so on. Mr. Rana Kapoor, Managing Director & CEO, YES BANK.
3. Which bank launched first ‘display variant’ debit card?
B. ICICI Bank
C. Axis Bank
D. IDBI Bank
Explanation: A ‘display variant’ debit card will abolish the hassles of generating one time password (OTP) over SMS while transacting. The card has an embedded EMV chip, display screen and a touch sensitive button which helps generating OTP on the card itself.
4. RBI revised the priority sector lending targets for RRB to ____________
Explanation: RBI revised the priority sector lending target for regional rural banks (RRBs) to 75% of total outstanding loans from 60% earlier, effective January 2016, Considering the growing significance of RRBs in pursuit of financial inclusion agenda. It include, medium enterprises, social infrastructure and renewable energy, with a capital of 15% of total outstanding, Agriculture should be 18% of total outstanding; target of 8% of total outstanding for small and marginal farmers within agriculture.
5. Which country’s currency beat the Indian rupee in race for reserve currency status?
Explanation: China’s Yuan has campaigned for inclusion in the benchmark currency basket, and INF announced that Yuan had been added was recognition of its global power status. In 1980, India was an economy roughly the size as China. Now China is more than four and a half times larger.
6. Which bank is shutting down its private banking business in India?
A. DBS Bank
B. Barclays Bank
C. HSBC Bank
D. Standard Chartered Bank
Explanation: HSBC offers wealth management services. The private banking business used to offer onshore wealth management advisory to clients, which included investments in mutual funds, bonds, debentures and structured products.
7. Which of the following got RBI nod to set up TReDS?
A. Axis Bank
B. Mynd solutions
C. Only A
D. Both A and B
Explanation: RBI gave in-principle approval to set up and operate Trade Receivables Discounting System (TReDS) to NSE Strategic Investment Corporation Limited (NSICL) and Small Industries Development Bank of India (SIDBI), Axis Bank and Mynd Solutions. TReDS will allow SMEs to post their receivables on the system and get them financed.
8. Which bank is the first bank to issue Masala bonds?
A. Axis Bank
Explanation: Masala bonds are rupee-denominated borrowings by Indian entities in overseas markets. The International Finance Corporation (IFC), the investment arm of the World Bank, last November, issued bond to fund infrastructure projects in India. These bonds were listed on the London Stock Exchange (LSE). IFC then named them Masala bonds to give a local flavour by calling to mind Indian culture and cuisine.
9. ________ Bank has got board approval for dilution of government holding to up to 52 per cent and raise capital up to Rs.2500 crore from various bonds.
A. Dena Bank
D. Canara Bank
Explanation: Dena Bank which got the board approval to raise funds both by issuing fresh shares and bonds, would go to the market depending upon credit offtake. CMD: Ashwani Kumar.
10. What is the current Repo Rate?
Explanation: Repo rate is the rate at which Reserve Bank of India lends money to commercial banks in the event of any shortfall of funds. Repo rate is used by monetary authorities to control inflation.