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Banking & Financial Awareness Test 40
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Banking & Financial Awareness Test 40
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  • Question 1/10
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    Which of the following banks has designed and developed PaiSA portal for quicker processing of loans under the Deendayal Antyodaya Yojana?
    Solutions
    The Union Ministry of Housing and Urban Affairs has launched the ‘PAiSA’ - Portal for Affordable Credit and Interest Subvention Access, a centralised electronic platform for quicker processing of loans under the Deendayal Antyodaya Yojana - National Urban Livelihoods Mission (DAY-NULM).
    The web platform was designed and developed by Allahabad Bank.

    Hardeep Singh Puri is the current Union Minister of Housing and Urban Affairs.
  • Question 2/10
    1 / -0
    Which bank has distributed subsidy of more than Rs.1100 crores to more than 51,000 customers under the Government's flagship scheme PMAY (Prime Minister Housing Scheme)?
    Solutions
    HDFC Ltd has distributed subsidy of more than Rs.1100 crores to more than 51,000 customers under the Government's flagship scheme PMAY (Prime Minister Housing Scheme). HDFC has provided loans of over ₹9,800 crore under PMAY-CLSS(Credit Linked Subsidy Scheme) to customers belonging to EWS (Economically Weaker Section), LIG (Low Income Group) and Middle Income Group (MIG) category.
  • Question 3/10
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    Which of the following banks has launched the first interactive Credit Card in India with special button, that will allow the users multiple benefits?
    Solutions
    IndusInd Bank has launched the IndusInd Bank Nexxt Credit Card - the first interactive Credit Card in India with buttons - which provides customers with the flexibility of three payment options at a Point of Sale (POS) terminal - Credit, Converting Transactions into EMIs with 4 tenure options (6, 12, 18 & 24 months) or using accumulated Reward Points, by simply pushing a button on the card.
  • Question 4/10
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    Which bank has recently permitted banks to grant Partial Credit Enhancement (PCE), or a partial guarantee, to bonds issued by systematically important non-deposit taking Non-Banking Financial Companies (NBFC-ND-SIs)?
    Solutions
    The Reserve Bank of India (RBI) allowed banks to provide partial credit enhancement (PCE) to bonds issued by systemically important non-deposit taking non-banking financial companies (NBFCs) registered with the RBI and housing finance companies (HFCs) registered with the National Housing Bank.
  • Question 5/10
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    The Reserve Bank of India has initiated steps to set up wide-based digital Public Credit Registry (PCR) to capture loan information of individuals and corporate borrowers. In this regard, RBI has invited expression of interest from companies having turnover more than ____ in the last three years.
    Solutions
    RBI has invited expression of interest (EOI) for developing PSC from companies with turnover of over Rs 100 crore in last three years. ➢ Setting up of PCR assumes significance amidst rising bad loans in financial system. The non-performing assets (NPAs) in Indian banking system is too much.
  • Question 6/10
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    The Asian Development Bank (ADB) has approved a $150 million loan to establish India’s first multi-skills park in which city?
    Solutions
    The Board of Directors of the Asian Development Bank (ADB) has approved a $150 million loan to establish India’s first multi-skills park in Bhopal, Madhya Pradesh.
    This will be equipped with international training facilities to enhance the quality of Madhya Pradesh’s technical and vocational education and training (TVET) system, creating a more skilled workforce that meets the labour market needs of the state.
  • Question 7/10
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    The time limit of declaring loan dues from Micro Small and Marginal Entrepreneurs as NPA (Non-Performing Assets) is increased to how many days?
    Solutions
    The time limit of declaring loan dues from Micro Small and Marginal Entrepreneurs as NPA (Non-Performing Assets) is increased to 180 days.
  • Question 8/10
    1 / -0
    Which bank announced an Employee Stock Purchase Scheme with a view to retaining its talent and incentivizing staff by issuing up to 10 crore equity shares?
    Solutions
    Punjab National Bank has announced an Employee Stock Purchase Scheme with a view to retaining its talent and incentivizing staff by issuing up to 10 crore equity shares.
  • Question 9/10
    1 / -0
    India Post Payments Bank (IPPB) has tied up with which private insurance company to provide life insurance solutions, especially at the doorstep of every household in the country?
    Solutions
    State-owned India Post Payments Bank (IPPB) and private life insurer Bajaj Allianz Life Insurance Co Ltd (BALIC) entered into a strategic partnership to provide life insurance solutions, especially at the doorstep of every household in the country. BALIC is the first life insurer to partner with IPPB after the latter was launched in the capital on September 1. IPPB has begun operations with 650 branches and 3,250 access points across the country. Plans are afoot to leverage the services of postmen and ‘Grameen Dak Sevaks’ for providing insurance solutions.
  • Question 10/10
    1 / -0
    According to a survey of online market research and data analytics firm YouGov, which of the following Indian banks has been ranked as most patriotic brand?
    Solutions
    India's largest lender State Bank of India (SBI) is considered to be the most patriotic brand, according to a survey of UK-based online market research and data analytics firm YouGov. Around 16% respondents ranked SBI to be the most patriotic brand overall, followed by Tata Motors and Patanjali with 8% each, and Reliance Jio and BSNL with 6% each.
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