Latest Banking Dates General Knowledge(GK) Questions and answers

1 .

Paisabazaar.com has launched 'Paisa on Demand' (PoD) credit card in partnership with which bank?

A)

HDFC Bank

B)

ICICI Bank

C)

Indian Bank

D)

RBL Bank

Correct Answer : RBL Bank

Paisabazaar.com, a digital platform for consumer credit, has partnered with RBL Bank Limited to offer ‘Paisa on Demand’ (PoD), a credit card that will be exclusively available on the Paisabazaar platform. To build products that offer integrated services for the large under-served segments across India. This is the third product under Paisabazaar’s neo-lending strategy.

2 .

Who has been named as Business Standard Banker of the Year 2020-21?

A)

Sandeep Bakhshi

B)

Aditya Puri

C)

Shyam Srinivasan

D)

Amitabh Chaudhry

Correct Answer : Sandeep Bakhshi

Sandeep Bakhshi has been named the Business Standard Banker of the Year 2020-21. He is the managing director (MD) and chief executive officer (CEO) of ICICI Bank.

3 .

Which Bank will acquire Union Bank of India 21% stake in IndiaFirst Life Insurance Company?

A)

Bank of India

B)

Bank of Baroda

C)

Vijaya Bank

D)

State Bank of India

Correct Answer : Bank of Baroda

Bank of Baroda will acquire Union Bank of India’s 21% stake in IndiaFirst Life Insurance Company. It is a joint venture between the Bank of Baroda, Union Bank of India, and Carmel Point Investments. At present, the shareholding in IFIC is BoB holds 44%, Carmel Point Investments India holds 26% and UBI holds 30%. The acquisition is pursuant to a ‘Right of First Offer’ made by UBI to the existing shareholders of IndiaFirst Life, to divest 21% of its stake in IndiaFirst Life.

IndiaFirst Life Insurance Company will continue to have a long term agency distribution agreements with both banks (BOB and UBI), even after this stake sale. Bank of Baroda has a strong domestic presence spanning 8,185 branches and 11,535 ATMs and cash recyclers supported by self-service channels. The bank has a significant international presence with a network of 96 overseas offices spanning 18 countries.

4 .

Which Bank has tie-up with Creditas Solutions for "Neo Collections" platform?

A)

SBI Bank

B)

Indian Bank

C)

RBL Bank

D)

HDFC Bank

Correct Answer : RBL Bank

RBL Bank has partnered with Creditas Solutions for its ‘Neo Collections’ platform. The bank will utilise the SaaS-based platform to accelerate efficiency in collections across the loan cycle. The platform is built to automate strategies for reaching out to customers individually in an empathetic manner and motivate them to repay loans.

The platform can also determine the best course of action for every customer by offering customised payment plans to service debt, schedule an EMI plan or opt for payment resolution options. The Neo Collections Platform, a Do It Yourself (DIY) debt management platform, will help our customers seamlessly monitor, manage and pay their dues.

5 .

RBI has increased the limit of e-RUPI vouchers from 10 thousand to how much?

A)

10000

B)

50000

C)

100000

D)

150000

Correct Answer : 100000

The Reserve Bank of India (RBI) on Thursday(10th Feb 2022) proposed to increase the cap on the amount for e-RUPI vouchers from Rs 10,000 currently to Rs 1,00,000 so as to enhance the scope of application of these vouchers and facilitate faster delivery of various government services to beneficiaries efficiently.

Further, it said, the e-RUPI vouchers can be used multiple times, until the amount on the voucher is completely redeemed. Currently, each voucher can be redeemed only once. The RBI will issue necessary instructions in this regard to the National Payments Corporation of India (NPCI).

“This will further facilitate the delivery of various government schemes to the beneficiaries more efficiently,” RBI governor Shaktikanta Das said in his statement.

Launched in August 2021, e-RUPI, currently, is a one-time use digital solution to facilitate cashless payment which is person and purpose specific for various services like the covid vaccinations, donations, corporate gift vouchers, etc. e-RUPI can be issued only by banks authorised by RBI to issue Prepaid Payment Instruments (PPI) and who are participating as Payment Service Providers (PSP) in the UPI ecosystem.

Source : Business Standard

6 .

What will be the minimum retention period under the re-introduced Voluntary Retention Route (VRR) for investments by Foreign Portfolio Investors (FPIs) by RBI?

A)

6 Years

B)

5 Years

C)

4 Years

D)

3 Years

Correct Answer : 3 Years

The Reserve Bank of India introduced the Voluntary Retention Route (VRR) for investments by Foreign Portfolio Investors (FPIs) on March 01, 2019. An amount of â‚¹1,50,000 crore was offered for investment through VRR, in three tranches so far; of which around â‚¹1,49,995 crore have been availed as on February 10, 2022. Based on the feedback received, and in consultation with the Government, the Bank has increased the investment limits available under the VRR. The increase in VRR investment limit has been notified today, vide A.P. (DIR Series) Circular No. 22 dated February 10, 2022.

The increased investment limits shall be open for allotment from April 01, 2022 as per the following details :

* The investment limit under VRR has been increased to â‚¹2,50,000 crore.

* The investment limit available for fresh allotment shall accordingly be â‚¹1,04,800 crore (net of extant allotments and adjustments); and shall be allotted under the VRR–Combined category.

* The minimum retention period shall be three years.

* Investment limits shall be available ‘on tap’ and allotted on ‘first come, first served’ basis.

* The ‘tap’ shall be kept open till the limit is fully allotted.

* FPIs may apply for investment limits online to Clearing Corporation of India Ltd. (CCIL) through their respective custodians.

* CCIL will separately notify the operational details of application process and allotment.

Source : RBI

7 .

Which bank bought the 1st largest gold in 2021?

A)

Central Bank of Thailand

B)

Central Bank of Germany

C)

Asian Development Bank (ADB)

D)

Reserve Bank of India

Correct Answer : Central Bank of Thailand

The largest buyer, the Central Bank of Thailand, bought 90 metric tonnes of gold while RBI(Reserve Bank of India) bought 77.5 metric tonnes taking its total gold reserve to 754.1 tonnes at the end of December 2021. When it comes to gold buying, the Reserve Bank of India (RBI) emerged as the second-largest buyer of yellow metal among the world’s Central Banks in 2021. As per Goldhub, India’s official gold reserves is the ninth-largest in the world. Goldhub is the official website of the World Gold Council that maintains all the data regarding precious metals.

At the end of December 2021, RBI gold reserves stood at 754.1 tonnes, which amounts to 6.22 per cent of India’s forex reserves. As per RBI data, India’s total reserves at the end of December 31, 2021, stood at $633.61 billion, including gold reserves worth $39.405 billion.

8 .

Since when is Reserve Bank of India celebration the Financial Literacy week?

A)

2013

B)

2016

C)

2019

D)

2022

Correct Answer : 2016

The Reserve Bank of India (RBI) observes Financial Literacy Week(FLW) annually since 2016 to promote & spread awareness about financial education messages on a particular theme through a focused campaign across India.

9 .

IIT Hyderabad has launched AI-based job portal "Swarajability" for people with disabilities, with funding support from which bank?

A)

Axis Bank

B)

Kotak Mahindra Bank

C)

Union Bank of India

D)

Central Bank of India

Correct Answer : Kotak Mahindra Bank

The Indian Institute of Technology (IIT-Hyderabad) has launched an AI-based job portal named “Swarajability” that helps people with disabilities acquire relevant skills and find jobs. It is presently the beta version of the portal. The project is funded by Kotak Mahindra Bank and it has been developed in association with Youth4Jobs, Visual Quest apart from Kotak Mahindra Bank.

10 .

How much amount was granted by the Asian Development Bank (ADB) to the Government of India through sovereign loan in 2021?

A)

USD 2.6 billion

B)

USD 3.6 billion

C)

USD 4.6 billion

D)

USD 5.6 billion

Correct Answer : USD 4.6 billion

As per the data released by the Asian Development Bank (ADB) on February 06, 2022, it provided a record USD 4.6 billion in sovereign lending to India in 2021. This included USD 1.8 billion towards coronavirus disease (COVID-19) pandemic response.The USD 4.6 billion was committed by ADB for 17 loans.