Latest Banking Dates General Knowledge(GK) Questions and answers

1 .

What is the latest value of foreign currency reserves of India as per the data by RBI?

A)

$633.614 billion

B)

$654.72 billion

C)

$672.56 billion

D)

$693.65 billion

Correct Answer : $633.614 billion

As per the latest Reserve Bank of India (RBI) data, the foreign currency reserves of India declined by $1.466 billion to $633.614 billion, in the last week of 2021, which ended December 31, 2021. Gold reserves rose by USD 14 million to USD 39.405 billion. India’s forex touched a lifetime high of USD 642.453 billion in the week ended September 03, 2021. Forex reserves include foreign currency assets (FCAs), gold reserves, SDRs and the country’s reserve position with the IMF.

2 .

Which Bank won UiPath Automation Excellence awards 2021?

A)

South Indian Bank

B)

City Union Bank

C)

Punjab National Bank

D)

State Bank of India

Correct Answer : South Indian Bank

The Kerala-based lender South Indian Bank has won the UiPath Automation Excellence Awards 2021 for Best Automation under Crisis for Business Continuity.

The award was bestowed upon the Bank for its exceptional use of Robotic Process Automation capabilities under difficult times for solving severe operational constraints, thereby ensuring business continuity.

The UiPath Automation Excellence Awards aim to recognise the change-makers of automation. In the 2021 Edition of the UiPath Automation Excellence Awards, the individuals and organisations across India and South Asia (Sri Lanka, Bangladesh and Nepal), who have solved some of the greatest challenges through transformative automation projects were recognised.

South Indian Bank has been at the forefront in adopting robotic process automation with a robust ecosystem in place, with a vision to automate complex and mundane processes.

Source : The Hindu BusinessLine

3 .

Who was appointed as the Bank of Baroda Brand Endorser in Jan 2022?

A)

Mithali Raj

B)

Shafali Verma

C)

Smriti Mandhana

D)

Harmanpreet Kaur

Correct Answer : Shafali Verma

Bank of Baroda has signed cricketer Shafali Verma as its brand endorser. The Bank continuously supports the youth of the country through its various banking and non-banking initiatives and this announcement reflects the bank’s ethos of adding value to its customer experience by choosing youth-icons like Shafali to inspire them.”

In 2019, at the age of 15, Shafali became the youngest cricketer to play in a Women’s Twenty20 International match for India. Previously in 2021, Shafali Verma became the 1st Women Cricketer to Hit 3 Sixes in Test Match.

4 .

Who cancelled authorisation certificates of Muthoot Vehicle Finance, Eko India?

A)

State Bank of India

B)

National Housing Bank

C)

Punjab National Bank

D)

Reserve Bank of India

Correct Answer : Reserve Bank of India

Reserve Bank of India (RBI) has cancelled the authorisation certificates of Muthoot Vehicle and Asset Finance Limited and Eko India Financial Services Private Limited for non-compliance with regulatory requirements.

Both the payment system operators (PSOs) had the authorisation for issuance and operation of prepaid payment instruments.

"Following the cancellation of the Certificate of Authorisation (CoA), these companies cannot transact the business of issuance and operation of prepaid payment instruments," RBI said.

However, customers or merchants having a valid claim, if any, on these companies as PSOs, can approach them for settlement of their claims within three years from the date of cancellation.

The CoA was cancelled on December 31, 2021, the central bank said.

5 .

Which bank are issued framework for offline digital payments?

A)

State Bank of India (SBI)

B)

Asian Development Bank(ADB)

C)

Reserve Bank of India (RBI)

D)

Tamilnad Mercantile Bank (TMB)

Correct Answer : Reserve Bank of India (RBI)

To push digital transactions in rural and semi-urban areas, the Reserve Bank of India (RBI) on Monday(03rd Jan 2022) issued a framework allowing offline payments up to Rs 200 per transaction, subject to an overall limit of Rs 2,000.

An offline digital payment means a transaction that does not require internet or telecom connectivity.

Under the offline mode, payments can be carried out face-to-face (proximity mode) using any channel or instrument like cards, wallets, and mobile devices.

6 .

Which bank has appointed Ajay Kumar Chaudhary and Deepak Kumar as its new Executive Directors in Jan 2022?

A)

Central Bank of India

B)

Union Bank of India

C)

Reserve Bank of India

D)

State Bank of India

Correct Answer : Reserve Bank of India

The Reserve Bank of India (RBI) has appointed Ajay Kumar Choudhary and Deepak Kumar as the new executive directors (ED).

According to the RBI statement, the appointment of the new EDs has been made with effect from January 3, 2021.

Prior to being elevated as ED, Ajay Choudhary was serving as the Chief General Manager-in-Charge, Department of Supervision of the Central Bank.

Ajay Kumar Choudhary : Meanwhile, Choudhary has, over a span of three decades, served in supervision, regulation, currency management, payments and settlements, and other areas in the Reserve Bank, in its Central Office as well as Regional Offices. He will look after the fintech department, risk monitoring department and inspection department.

Deepak Kumar : Kumar has over a span of three decades working in RBI’s central office departments covering policy making and project management functions in the areas of information technology, cyber security, payment systems, currency management, human resource management, banking supervision, foreign exchange management.

7 .

Which Bank has been categorised as a scheduled bank by the Reserve Bank of India (RBI) in the second schedule of the Reserve Bank of India Act, 1934?

A)

Airtel Payments Bank

B)

Fino Payments Bank

C)

Jio Payments Bank

D)

Kotak Mahindra Bank

Correct Answer : Airtel Payments Bank

Airtel Payments Bank has been categorised as a scheduled bank by the Reserve Bank of India (RBI) in the second schedule of the Reserve Bank of India Act, 1934. With this, Airtel Payments Bank can now pitch for the government. Airtel Payments Bank is among the fastest-growing digital banks in the country, with a base of 115 million users. It offers a suite of digital solutions through the Airtel Thanks app and a retail network of over 500,000 neighbourhood banking points. The bank turned profitable in the quarter ended September 2021.

8 .

Which bank has enhanced its free IMPS transactions limit to Rs 5 lakh from earlier Rs 2 lakh?

A)

BOB

B)

SBI

C)

PNB

D)

Canara

Correct Answer : SBI

The State Bank of India decided on January 4, 2022 to enhance the free IMPS online transactions limit to Rs 5 lakh from earlier Rs 2 lakh to encourage customers to adopt digital banking. SBI will not levy any service charge on Immediate Payment Service (IMPS) transactions up to Rs 5 lakh done through Internet banking or Mobile Banking.

9 .

Which Payments Bank has received the Reserve Bank of India's approval for commencing international remittance business under the Money Transfer Service Scheme (MTSS)?

A)

IndusInd Bank

B)

Federal Bank

C)

Airtel Payments Bank

D)

Fino Payments Bank

Correct Answer : Fino Payments Bank

Fino Payments Bank has received the Reserve Bank of India's approval for commencing international remittance business under the Money Transfer Service Scheme (MTSS).

The bank will be undertaking inward cross-border money transfer activities in association with an overseas principal, the details of which are being worked out, as per the Fino Payments Bank press release issued on 3 January 2022.

According to a World Bank release in November, India is expected to be the largest recipient of remittances globally in 2021 with an expected receipt of $87 billion. This is expected to grow by 3% in 2022 to $89.6 billion as a large number of workers are expected to return to the Gulf countries.

10 .

Which bank has retained State Bank of India, ICICI Bank and HDFC Bank as Domestic Systemically Important Banks (D-SIBs)?

A)

World Bank

B)

Reserve Bank of India

C)

Central Bank of India

D)

Asian Development Bank(ADB)

Correct Answer : Reserve Bank of India

Reserve Bank of India has retained State Bank of India, ICICI Bank and HDFC Bank as Domestic Systemically Important Banks (D-SIBs). These three banks have continued to be on the D-SIBs list published by RBI, since Sep 04, 2017. Domestic Systemically Important Banks are those banks which if fail would have a significant impact on the economy.

The D-SIBs banks are classified into 5 buckets. Bucket 1, Bucket 2, Bucket 3, Bucket 4 and Bucket 5. With Bucket 5 being the most important followed by rest in decreasing order. State Bank of India is in Bucket 3, while ICICI Bank and HDFC Bank are in Bucket 1. The updated list is based on the data collected from banks as of March 31, 2021.

Banking - General Knowledge Questions