BANKING
A)
ICICI Bank
B)
HDFC Bank
C)
IDFC FIRST Bank
D)
State Bank Of India

Correct Answer : Option (C) - IDFC FIRST Bank

Note : IDFC FIRST Bank announced the launch of FIRST Private Infinite, the country’s first-ever standalone metal debit card, in partnership with Visa. FIRST Private Infinite is a lifetime free card designed specifically for customers who are part of the Bank’s FIRST Private program, premium savings and wealth offering. The FIRST Private program offers an unrivalled banking and investment experience to customers and comes with a range of exceptional investment, banking, lifestyle and wellness benefits.

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A)
ICICI Bank
B)
Canara Bank
C)
Banl Of Boroda
D)
Federal Bank

Correct Answer : Option (D) - Federal Bank

Note : The private sector lender, Federal Bank has recently launched a feature-rich savings bank product “Mitra Plus” for women. It offers a curated set of features designed to make financial planning and investing easier for women.

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A)
Rs 1000 crore
B)
Rs 800 crore
C)
Rs 600 crore
D)
Rs 500 crore

Correct Answer : Option (A) - Rs 1000 crore

Note : The initial paid-up voting equity share capital/ net worth required to set up a new universal bank has been increased to ₹1000 crore (from present ₹500 crore).

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A)
Canara Bank
B)
State Bank of India
C)
ICICI Bank
D)
HDFC Bank

Correct Answer : Option (B) - State Bank of India

Note :

The Reserve Bank of India (RBI) by an order dated November 16 has imposed a monetary penalty of Rs 1 crore on the State Bank of India for contravention of section 19 (2) of the Banking Regulation Act, 1949 (the Act), informed RBI.
 
"This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers," reads the official release.
 
As per the press note, the irregularities were identified after a Statutory Inspections for Supervisory Evaluation (ISE) of the bank was conducted by RBI with reference to its financial positions as on March 31, 2018, and March 31, 2019, and the examination of the Risk Assessment Reports, Inspection Report and all related correspondence pertaining to the same, revealed, inter-alia, contravention of section 19 of the Act.

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A)
World Bank
B)
Asian Development Bank (ADB)
C)
Reserve Bank of India (RBI)
D)
Central Bank of India

Correct Answer : Option (B) - Asian Development Bank (ADB)

Note : Asian Development Bank (ADB) has approved a $1.5 billion loan (approx Rs 11,185 crore) to help the Government of India purchase safe and effective vaccines against the coronavirus (COVID-19). The fund will be used to procure at least 66.7 crore COVID-19 vaccine doses for an estimated 31.7 crore people of the country. The Asian Infrastructure Investment Bank is expected to co-finance an additional USD 500 million for the project.

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A)
SBI
B)
Axis Bank
C)
ICICI Bank
D)
HDFC Bank

Correct Answer : Option (C) - ICICI Bank

Note : ICICI Bank has announced the launch of an online platform ‘Trade Emerge’ for exporters and importers across India. The platform will offer comprehensive digital banking and value-added services to the companies engaged in export and import in India.

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A)
SBI Bank
B)
Axis Bank
C)
ICICI Bank
D)
HDFC Bank

Correct Answer : Option (D) - HDFC Bank

Note : HDFC Bank Ltd has launched the second(2nd) edition of its “Mooh Band Rakho” campaign to raise awareness on fraud prevention in support of International Fraud Awareness Week 2021 (November 14-20, 2021). HDFC Bank aims to increase awareness of its customers on all types of frauds and the importance of keeping your mouth shut to ensure their prevention and taking a pledge and not share confidential banking information with anyone. HDFC Bank will organise 2,000 workshops in the next four months under this campaign.

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A)
Rs.2,000 crore
B)
Rs.3,000 crore
C)
Rs.4,000 crore
D)
Rs.5,000 crore

Correct Answer : Option (D) - Rs.5,000 crore

Note : Non-Deposit taking NBFCs (NBFCs-ND) with asset size of Rs.5,000 crore and above having public customer interface

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A)
Rs. 250 crore
B)
Rs. 300 crore
C)
Rs. 350 crore
D)
Rs. 400 crore

Correct Answer : Option (A) - Rs. 250 crore

Note : RBI has made an initial contribution of Rs. 250 crores to the PIDF.

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A)
Retail Net Scheme
B)
Retail Direct Scheme
C)
Retail Value Scheme
D)
Retail Solution Scheme

Correct Answer : Option (B) - Retail Direct Scheme

Note : Prime Minister Narendra Modi has launched the Reserve Bank of India-Retail Direct (RBI-RD) Scheme of RBI on November 12th, 2021. Under this, the retail investors (general public/individuals) can buy/sell government securities in both primary and secondary markets.

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