Banking - General Knowledge Questions

1 .
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.

2 .
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.

3 .
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.

4 .
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).

5 .
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.

6 .
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.

7 .
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.

8 .
What is call money?
A)
It is loan of above 14 day to 364 days in the money market
B)
It is loan of above 1 day to 14 days in the money market
C)
It is an overnight loan in the money market
D)
None of the above

Correct Answer :   It is an overnight loan in the money market

9 .
The RBI has imposed a monetary penalty of Rs.3 crore on which bank?
A)
SBI
B)
YES Bank
C)
ICICI Bank
D)
DBS Bank

Correct Answer :   ICICI Bank

The RBI has imposed a monetary penalty of Rs 3 crore against ICICI Bank for violating norms related to classification, valuation and operation of investment portfolio by banks.

10 .
The finance ministry has decided to give how much amount to States as interest-free 50-year loan for spending on capital projects?
A)
Rs.15000 cr
B)
Rs.16000 cr
C)
Rs.17000 cr
D)
Rs.18000 cr

Correct Answer :   Rs.15000 cr

The Finance Ministry has decided to provide an additional amount of upto 15 thousand crore rupees to States as interest free 50 year loan for spending on capital projects.

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