BANKING DATES
A)
World Bank
B)
ADB
C)
WHO
D)
UNDP

Correct Answer : Option (A) - World Bank

Note : June 24, 2021 : The World Bank Board of Executive Directors has approved a $125 million support for the ‘Resilient Kerala Program’ to help the state in preparedness against natural disasters, climate change impacts, disease outbreaks, and pandemics.

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A)
Punjab
B)
Rajasthan
C)
Maharashtra
D)
New Delhi

Correct Answer : Option (A) - Punjab

Note : This bank was established on 14th January 2000. Its area of operation includes three districts viz. Jalandhar, Kapurthala and Hoshiarpur in Punjab.

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A)
Aadhar Enabled Payment System
B)
BHIM Aadhar Pay
C)
Micro-ATMs
D)
All of the above

Correct Answer : Option (D) - All of the above

Note : DBT beneficiaries can withdraw their money through the micro-ATMs, AePS and BHIM Aadhaar Pay. Customer who want to receive entitled benefits or subsidies of welfare schemes funded from the Consolidated Fund of India in their account directly, can avail it via Aadhaar-based authentication using e-KYC .

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A)
Sub-Underwriting
B)
Firm Underwriting
C)
Outright Purchases of Issues
D)
Syndicate Underwriting

Correct Answer : Option (B) - Firm Underwriting

Note : When an underwriter undertakes to buy or subscribe a certain number of shares or debentures irrespective of the subscription from the public, it is called firm underwriting. Firm underwriting generates confidence among investors and increases the chances of success of the issue.

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A)
Capital Local Area Bank Ltd
B)
Coastal Local Area Bank Ltd
C)
Subhadra Local Area Bank Ltd
D)
Krishna Bhima Samruddhi Local Area Bank Ltd

Correct Answer : Option (C) - Subhadra Local Area Bank Ltd

Note : Subhadra Local Area Bank Ltd., Kolhapur, having Its head office in Kolhapur, is the smallest Local Area Bank with only 8 branches.

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A)
H V R Iengar
B)
K G Ambegaonkar
C)
Sir C D Deshmukh
D)
Sir Benegal Rama Rau

Correct Answer : Option (B) - K G Ambegaonkar

Note : K G Ambegaonkar was governor of RBI from 14-01-1957 to 28-02-1957. He was appointed as interim governor till H V R Iengar could take over. He did not sign any bank notes.

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A)
Specific Time and Amount
B)
Fixed Interest Rate
C)
Specified Repayment Schedule
D)
All of the Above

Correct Answer : Option (D) - All of the Above

Note : A corporate loan is a loan from a bank for a specific amount that has a specified repayment schedule and a fixed or floating interest rate.

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A)
RBI
B)
State Government
C)
State Cooperative Banks
D)
None of the above

Correct Answer : Option (A) - RBI

Note : RBI (Reserve Bank of India) regulates and supervises the banking functions of State Cooperative Banks (StCBs), District Central Cooperative Banks (DCCBs) and Urban Cooperative Banks (UCBs) under the various provisions of the Banking Regulation Act, 1949.

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A)
1920
B)
1928
C)
1935
D)
1947

Correct Answer : Option (C) - 1935

Note : On 1st April 1935, the currency function moved from Controller of Currency to RBI. Section 22 of the RBI Act 1934 makes provided that RBI has the sole right to issue Bank notes of all denominations.

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A)
Bombay
B)
Madras
C)
New Delhi
D)
Calcutta

Correct Answer : Option (D) - Calcutta

Note : Original headquarters of RBI were in Calcutta(Kolkata), but in 1937, it was shifted to Shahid Bhagat Singh Marg, Mumbai.

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