Latest Banking Dates General Knowledge(GK) Questions and answers

1 .

How much amount has been allocated by the RBI towards special on-tap liquidity facility announced for banks to the second wave of Covid-19?

A)

Rs 25,000 crore

B)

Rs 45,000 crore

C)

Rs 50,000 crore

D)

Rs 70,000 crore

Correct Answer : Rs 50,000 crore

The RBI Governor Shaktikanta Das has announced a Covid-19 healthcare package of Rs 50,000 crore to entities for access to emergency health security during the second wave of Covid-19.

2 .

Which of the following NBFCs provides finance to the public whether by making loans or advances?

A)

Loan Companies

B)

Investment Company

C)

Asset Finance Company

D)

Infrastructure Finance Company

Correct Answer : Loan Companies

Loan Companies (LC) is one NBFC primarily carrying on, as its principal business, the providing of finance to the public whether by making loans or advances or otherwise for any activity other than its own but does not include an equipment leasing company or a hire-purchase, Asset Finance company.

3 .

The New development Bank has issued how much amount of benchmark bond?

A)

1 billion

B)

1.5 billion

C)

2.0 billion

D)

2.5 billion

Correct Answer : 1.5 billion

The NDB priced its 5-year USD 1.5 billion benchmark bond. This transaction is the third USD benchmark bond offering of the Bank in the international markets.

4 .

RBI has allowed banks to pay dividends on equity shares for FY21 up to a maximum of what percent of the prescribed dividend payout ratio?

A)

10%

B)

25%

C)

35%

D)

50%

Correct Answer : 50%

RBI allows commercial banks to pay up to 50% of pre-Covid dividends. The Reserve Bank of India (RBI) has allowed commercial banks to pay dividends on equity shares for FY21, from the profits for the fiscal ended March 31, 2021, subject to certain conditions and limits.

5 .

What should be the equity participation by the NBFC of the IDF?

A)

25-35%

B)

30-49%

C)

50-60%

D)

55-70%

Correct Answer : 30-49%

IDF-NBFCs can be sponsored by banks and Infrastructure Finance companies. ‘Sponsorship’ means an equity participation by the NBFC between 30 to 49% of the IDF.

6 .

Which of the following is the oldest Joint Stock Bank of India?

A)

Bank of Baroda

B)

Bank of India

C)

Allahabad Bank

D)

Patiala Bank

Correct Answer : Allahabad Bank

A bank that has multiple shareholders is called joint-stock bank. Oldest Joint Stock bank of India was Bank of Upper India that was established in 1863. But this bank failed in 1913. India’s Oldest Joint Stock Bank which is still working is Allahabad Bank. It is also known as India’s oldest public sector bank. It was established in 1865.

7 .

Bank branches which can undertake foreign exchange business directly are known as in foreign exchange.

A)

Authorized dealers

B)

Exchange branches

C)

Approved dealers

D)

Foreign dealers

Correct Answer : Authorized dealers

8 .

In 1982, the rural planning and credit cell (RPCC) of reserve bank of India was merged in which of the following banks?

A)

RRBs

B)

NABARD

C)

SIDBI

D)

IDBI

Correct Answer : NABARD

Upon its formation in 1982, NABARD took over the functions of the erstwhile Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of RBI and ARDC.

9 .

When was the Public Debt Act passed ?

A)

1937

B)

1939

C)

1941

D)

1944

Correct Answer : 1944

In 1944-11-22, the Public Debt Act was passed and this act replaced the Indian Securities Act, 1920. Via this act RBI’s functions and powers with respect to management of Central public debt were increased.

10 .

From time â€“ to â€“ time, which among the following body publishes the â€œexchange control Manualâ€ in context with the foreign exchange in India?

A)

Reserve Bank of India

B)

Department of commerce

C)

SEBI

D)

Foreign trade promotion board

Correct Answer : Reserve Bank of India