Latest Banking Dates General Knowledge(GK) Questions and answers

1 .

Which bank has launched the digital and contactless banking platform Merchant Stack?

A)

BOI

B)

SBI Bank

C)

ICICI Bank

D)

YES Bank

Correct Answer : ICICI Bank

The ICICI Bank has launched digital platform 'Merchant Stack' to target over 2 crore retail merchants in the country.

2 .

RBI has launched new restructuring tool â€˜S4Aâ€™ to raise banksâ€™ moral hazard risk. S4A stands for which of the following?

A)

Scheme for Sustainable Structuring of Stressed Assets

B)

Scheme for Sustainable Strength of Stressed Assets

C)

Scheme for Sustainable Structuring of Scholastic Assets

D)

Scheme for Systematic Structuring of Stressed Assets

Correct Answer : Scheme for Sustainable Structuring of Stressed Assets

Under a new 'Scheme for Sustainable Structuring of Stressed Assets' (S4A), RBI allowed banks to take equity in debt laden firms permitting them to split total loans of struggling companies into sustainable and unsustainable based on the cash flows of the projects.

3 .

What is the revised GDP growth rate projection for India in FY22 by SBI Research?

A)

8.5%

B)

9.0%

C)

9.5%

D)

10.4%

Correct Answer : 10.4%

The State Bank of India (SBI) Research has revised India's GDP growth rate for FY22 (2021-22) to 10.4%.

4 .

Which bank announced to exit operations from India and 12 other countries?

A)

Nainital Bank

B)

Federal Bank

C)

DBS Bank

D)

Citi Bank

Correct Answer : Citi Bank

In a major developemnt, Citi group has decided to exit from consumer banking operations in 13 countries, including India. The move is aimed at global restructuring to allocate resources in markets with scale and with this objctive, Citi group is all set to exit consumer banking operations in India as well as 12 other countries.

The affected businesses include the consumer franchises in India, Australia, Bahrain, China, Indonesia, Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam.

5 .

What is the full form of NRE account?

A)

National Resident External account

B)

Non Resident External account

C)

National Rural External account

D)

None of the above

Correct Answer : Non Resident External account

The NRE(Non Resident External) account can be credited with remittances from abroad, transfers from existing NRE/ FCNR accounts or by deposit of foreign exchange.

6 .

What shall be the maximum limit of cash-withdrawal per transaction in Full KYC PPI issued by non-Bank PPI issuers?

A)

Rs 10000

B)

Rs 5000

C)

Rs 2000

D)

Rs 1000

Correct Answer : Rs 2000

The Maximum limit of Rs. 2,000 per transaction with an overall limit of Rs. 10,000 per month per PPI.

7 .

The Institute for Development and Research in Banking Technology is managed by which organization?

A)

RBI

B)

SBI

C)

SEBI

D)

NPCI

Correct Answer : RBI

The Reserve Bank of India had set up the Institute for Development and Research in Banking Technology (IDRBT) on June 10, 1996 as a Society under the Society Registration Act, governed by a Governing Council (GC).

8 .

Which of the following is regarded as the fourth element of the financial system?

A)

Financial services

B)

Financial instruments

C)

Financial markets

D)

Financial institutions

Correct Answer : Financial services

Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, etc.

9 .

Which bank has acquired a 10% stake in CSC Grameen e-Store?

A)

IDBI Bank

B)

RBL Bank

C)

ICICI Bank

D)

HDFC Bank

Correct Answer : HDFC Bank

The HDFC Bank has acquired a 10% stake in CSC Grameen e-Store, a special purpose vehicle run by the Ministry of Electronics and Information Technology, for an undisclosed amount.

10 .

Which bank has launched the AI-based chatbot 'Eva' in partnership with Common Services Centres?

A)

ICICI Bank

B)

HDFC Bank

C)

Axis Bank

D)

Yes Bank

Correct Answer : HDFC Bank

HDFC Bank has launched an artificial-intelligence chatbot named 'Eva', in partnership with the Common Services Centres (CSCs) for educating Village Level Entrepreneurs (VLEs) about banks product and services.