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Banking Awareness Test 62
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Banking Awareness Test 62
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  • Question 1/10
    1 / -0

    Who has been appointed as the head of committee on the Fiscal Responsibility and Budget Management (FRBM)? 

    Solutions

    Centre has constituted 5 member committee on FRBM headed by N K Singh.

     

  • Question 2/10
    1 / -0

    Which of the following entities have dropped their plan to set up Payments Bank in the country? 

    Solutions

    Telenor Financial Services, IDFC Bank and Dilip Shanghvi announced the withdrawal of their plans to set up a payments bank in India.
    The decision to abandon plans to set up a payments bank, it is learnt, was taken as the promoters collectively felt that they lacked adequate physical presence in terms of offices or branches.

     

  • Question 3/10
    1 / -0

    According to Moody’s report, SBI associate banks and Bharatiya Mahila Bank merger with SBI will cost how much?

    Solutions

    SBI had proposed the merger of its associate banks and BMB with it. It will cost Rs 1,660 crore ($250 million) according Moody’s.
    The merger will have limited impact on SBI credit metrics given that SBI already fully owns SBH and SBP and has majority stakes in the other three associate banks.

     

  • Question 4/10
    1 / -0

    Which of the following entity has told the Urban Cooperative Banks to report Rs 1-crore and above fraud to Central Fraud Monitoring Cell? 

    Solutions

    The RBI said those involving Rs 1 crore and above will have to be reported to its Central Fraud Monitoring Cell (CFMC) at Bengaluru within three weeks of detection.

     

  • Question 5/10
    1 / -0

    Which foreign bank has decided to shut its half branches in India due to customers going digital? 

    Solutions

    Hong Kong & Shanghai Banking Corp. ( HSBC ) will shut 24 of its 50 branches in India and reduce its presence to 14 cities in the country as it seeks to push more retail and wealth management business to the online channel.

     

  • Question 6/10
    1 / -0

    After the proposal of SBI merger for its associate banks with itself, centre asked which banks to merge with other stronger banks?

    Solutions

    There have been some discussions on the merger of these three weak banks with more financially sound lenders.

     

  • Question 7/10
    1 / -0

    Which bank has launched its branch called ‘SmartUp’ for the startups as a part of Startup India, Standup India Mission? 

    Solutions

    HDFC Bank, India’s second-largest private sector lender HDFC Bank has launched SmartUp, a dedicated solution for startups to fulfil all their banking needs.

     

  • Question 8/10
    1 / -0

    With association with which of the following, ICICI Bank has launched country’s first contactless business credit card for SMEs? 

    Solutions

    ICICI Bank launched the country’s first contactless business credit card in association with Jet Airways for small and mid-sized enterprises (SMEs) and their employees.

     

  • Question 9/10
    1 / -0

    Who has been made responsible for the Anti-Money Laundering Regulations related compliance in Participatory – Notes? 

    Solutions

    According to new SEBI norms, the issuer is responsible for any Anti-Money Laundering Regulations related compliance.

     

  • Question 10/10
    1 / -0

    Which of the following banks has recently started online trade transactions between Indian and Nepal? 

    Solutions

    Nepal SBI is one of the largest overseas subsidiaries of SBI. It has started online trade transactions between Indian and Nepal.

     

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