Latest Banking Dates General Knowledge(GK) Questions and answers

1 .

Which bank has partnered with the AI startup HyperVerge for a Video Banking solution?

A)

ICICI Bank

B)

HDFC Bank

C)

Punjab National Bank

D)

State Bank of India

Correct Answer : State Bank of India

SBI and HyperVerge Partner for AI-powered Online Account Opening. HyperVerge announced its partnership with SBI, with one of its flagship products, the Video Banking solution, which aims to achieve a 10x improvement in the number of account openings per day per agent.

2 .

Which bank has launched the digital LPS for MSME and Agri Products?

A)

YES Bank

B)

IDBI Bank

C)

SBI

D)

BOI

Correct Answer : IDBI Bank

IDBI Bank announced the launch of its fully digitized loan processing system, offering over 50 products to MSME and the agriculture sector.

3 .

How much percent of SHG consists exclusively of women?

A)

50%

B)

75%

C)

90%

D)

100%

Correct Answer : 90%

90% of SHG consists exclusively of women. Woman animators can play more effective role in organising women SHGs.

4 .

The HDFC Bank has predicted the GDP growth rate of India for FY22 at how much percent?

A)

30 %

B)

20 %

C)

10 %

D)

5 %

Correct Answer : 10 %

HDFC Bank has cut India's growth projection to 10 % from 11.5 % for the current financial year, citing the adverse effect of the second Covid-19 wave. In a worst-case scenario of COVID-19, the bank has predicted the GDP rate to be at 8%.

5 .

Which bank has entered into a strategic tie-up with UAE-based Mashreq Bank to facilitate money transfers from the UAE?

A)

Federal Bank

B)

RBL Bank

C)

HDFC Bank

D)

ICICI Bank

Correct Answer : Federal Bank

The Federal Bank has entered into a strategic tie-up with UAE-based Mashreq Bank to facilitate money transfers from the UAE.

6 .

Which among the following is/are correct regarding Money Market?

A)

Money Market is a market for short-term funds

B)

Maturity in this market ranging from overnight to one year

C)

The basic function of money market is to provide efficient liquidity position

D)

All of the above

Correct Answer : All of the above

The money market is a key component of the financial system. It is a market for short-term funds with maturity ranging from overnight to one year. The basic function of money market is to provide efficient liquidity position for commercial banks, financial institution, Mutual funds, insurance companies, corporate etc

7 .

The RBI has constituted a committee to assist the RRA 2.0 to streamline regulations and reduce the compliance burden of regulated entities. Who will head the committee?

A)

Viral Achrya

B)

T Rabi Shankar

C)

Mahesh Kumar

D)

S Janakiraman

Correct Answer : S Janakiraman

The RBI has constituted committee headed by SBI Managing Director S Janakiraman, the advisory group will assist the RRA 2.0 by identifying regulations, guidelines, and returns that can be rationalised.

8 .

The RBI has imposed a penalty of how much amount on ICICI Bank for violating prudential norms in the matter of shifting of securities from one category to another?

A)

Rs 2 crore

B)

Rs 3 crore

C)

Rs 5 crore

D)

Rs 6 crore

Correct Answer : Rs 3 crore

The Reserve Bank of India (RBI) has imposed a monetary penalty of â‚¹3 crores on ICICI Bank for non-compliance with its directions in the matter of shifting of securities from one category to another.

9 .

NBFCs are required to accept public deposit for a maximum period of how many months?

A)

36 months

B)

60 months

C)

48 months

D)

120 months

Correct Answer : 60 months

The NBFCs are allowed to accept/renew public deposits for a minimum period of 12 months and maximum period of 60 months.

10 .

As per the latest instruction issued by RBI, what is the cap imposed on the tenure that an incumbent MD/CEO or a Whole-time Director of a private sector bank can have?

A)

5 years

B)

10 years

C)

15 years

D)

20 years

Correct Answer : 15 years

The Reserve Bank of India (RBI) has capped the tenure of managing directors (MDs) and chief executive officers (CEOs) and whole-time directors (WTDs) of private banks at 15 years from the date of appointment. For CEOs who are part of the promoter group or large shareholder, the tenure is capped at 12 years.