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Banking - General Knowledge Questions
A)
Mashreq Bank
B)
Emirates NBD
C)
Dubai Islamic Bank
D)
Union National Bank

Correct Answer :   Mashreq Bank

NPCI International Payments Ltd (NIPL) has partnered with Mashreq Bank to launch the payment system facility of Unified Payments Interface (UPI), in the UAE. Mashreq Bank is the oldest privately owned bank in the United Arab Emirates. This step will benefit the Indian tourists and who travel to UAE for business or leisure purposes to pay for their purchases using UPI-based mobile applications across shops and merchant stores in the UAE.

A)
ESAF Small Finance Bank
B)
Ujjivan Small Finance Bank
C)
Equitas Small Finance Bank
D)
Utkarsh Small Finance Bank

Correct Answer :   Ujjivan Small Finance Bank

Nitin Chugh has tendered his resignation from the post of managing director and chief executive officer at Ujjivan Small Finance Bank. In a letter dated August 18, 2021, Chugh will step down from the office with effect from close of business hours on September 30, 2021, the bank said in a regulatory filing on 19-08-2021.
 
His tenure as Director of the bank is “co-terminus with his tenure as Managing Director and CEO of the bank," the lender said. This means Chugh will cease to be the director of the company from the date of his exit.
 
“He has confirmed, in his resignation letter, that he is resigning due to personal reasons and there are no material reasons," the bank clarified in its filing.

A)
HDFC Bank
B)
State Bank of India
C)
AU Small Finance Bank
D)
Karnataka Vikas Grameena Bank

Correct Answer :   Karnataka Vikas Grameena Bank

The Dharwad-headquartered Karnataka Vikas Grameena Bank (KVGB), in association with the Karnataka government, has launched ‘Farmer Registration and Unified Beneficiary Information System’ (FRUITS) portal.
 
Inaugurating the portal in Dharwad on 16-08-2021, Niraj Kumar Verma, Chief General Manager of Nabard, said the FRUITS portal is the first of its kind in the country where in the land and other details of all the farmers in the State are being captured.
 
In this latest initiative by the Karnataka government, all the farmers will be registered and given a FRUITS ID (FID) number. Using this number, the financial and lending institutions can access the land details of farmers as well as their borrowings and take a quick decision on lending to them depending on their requirements, he said.
 
Appreciating KVGB for accepting the FRUITS pilot project, he hoped that all financial institutions will be on boarded to the portal soon so as to have a single data source of farmers. He thanked the Karnataka Department of e-Governance, and Canara Bank (sponsor bank of KVGB) for spearheading this initiative.
 
P Gopi Krishna, Chairman of KVGB, said that this being the latest initiative by the Karnataka government each farmer will be given a FRUITS ID comprising Aadhaar, land records and mobile number. A well organised and scrutinised farmer database will avoid farmers from running pillar to post for availing benefits, he said.

A)
Mahila Vikas Co-operative Bank
B)
Cooperatieve Rabobank UA
C)
Durgapur Steel Peoples Cooperative Bank
D)
Ahmednagar Merchant’s Cooperative Bank

Correct Answer :   Cooperatieve Rabobank UA

Reserve Bank of India (RBI) on August 12, 2021 has imposed a penalty of Rs 1 crore on Cooperatieve Rabobank U.A. for deficiencies in regulatory compliances. The penalty has been imposed for contravention of certain provisions of the Banking Regulation Act, 1949 and directions related to ‘transfer to reserve funds’. RBI said a penalty of Rs 5 lakh has been imposed on Village Financial Services Ltd, Kolkata, for non-compliance with certain provisions of the Know Your Customer Directions, 2016. RBI has also imposed penalty of Rs 13 lakh on Ahmednagar Merchant’s Cooperative Bank, Ahmednagar, Maharashtra, and Rs 2 lakh on The Mahila Vikas Co-operative Bank, Ahmedabad.

A)
RBI
B)
SBI
C)
RBL Bank
D)
HDFC Bank

Correct Answer :   RBL Bank

RBL Bank has chosen Amazon Web Services (AWS), an Amazon.com company, as its preferred cloud provider to strengthen its AI powered banking solutions and drive digital transformation at the Bank, adding significant value to the Bank’s innovative offerings, saving costs, and tightening risk controls.

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

Correct Answer :   World Bank

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.

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

Correct Answer :   Punjab

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

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

Correct Answer :   All of the above

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 .

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

Correct Answer :   Firm Underwriting

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.

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 :   Subhadra Local Area Bank Ltd

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