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BANKING NEWS MCQs

Banking, Banking Awareness

Total Questions : 234 | Page 12 of 24 pages
Question 111.

Which bank has become the first public sector bank to go live on the AA ecosystem?

  1.    Bank of Baroda
  2.    State Bank of India
  3.    Union Bank of India
  4.    Indian Bank
 Discuss Question
Answer: Option C. -> Union Bank of India
The Union Bank of India became the first public sector bank to go live on the Account Aggregator (AA) ecosystem.
Question 112.

Bank credit growth accelerated to how many percentages in the quarter that ended June 2022?

  1.    16.2%
  2.    13.7%
  3.    12.8%
  4.    14.2%
 Discuss Question
Answer: Option D. -> 14.2%
Bank credit growth accelerated to 14.2 percent in the quarter that ended June 2022 from 6 percent in the same period of the previous year.
Question 113.

Which bank has partnered with NPCI to launch RuPay credit cards?

  1.    HDFC Bank
  2.    Kotak Mahindra Bank
  3.    ICICI Bank
  4.    Yes Bank
 Discuss Question
Answer: Option C. -> ICICI Bank
ICICI Bank has announced its partnership with the National Payments Corporation of India (NPCI) to launch a range of credit cards on RuPay, the indigenous payments network.
Question 114.

Ananth Narayan Gopalakrishnan has been appointed as the fourth whole-time member of which bank?

  1.    SEBI
  2.    NABARD
  3.    NSE
  4.    RBI
 Discuss Question
Answer: Option A. -> SEBI
Ananth Narayan Gopalakrishnan, an associate professor at SP Jain Institute of Management and Research (SPJIMR), has been appointed a whole-time member of the Securities and Exchange Board of India (SEBI).
Question 115.

Which of the following has agreed to provide USD 4.5 billion loan for Bangladesh to combat the economic crisis?

  1.    AIIB
  2.    Asian Development Bank
  3.    IMF
  4.    New Development Bank
 Discuss Question
Answer: Option C. -> IMF
Bangladesh and the IMF reached a preliminary agreement under which the global lender will provide a USD 4.5 billion support package to stabilise its economy and protect vulnerable people.
Question 116.

Which bank has partnered with the Business Association of Nagas (BAN) to help 1000 entrepreneurs with financing in the state of Nagaland?

  1.    Axis Bank
  2.    Indian Bank
  3.    HDFC Bank
  4.    State Bank of India
 Discuss Question
Answer: Option D. -> State Bank of India
The State Bank of India (SBI) in collaboration with the Business Association of Nagas (BAN) has decided to help 1000 entrepreneurs with financing. An MoU has been signed between the two parties to facilitate ease of doing business and finance MSMEs of Naga entrepreneurs in the state.
Question 117.

Which payment bank has conducted the First Floating Financial Literacy Camp of India called "Niveshak Didi" in Jammu and Kashmir's Srinagar?

  1.    India Post Payments Bank
  2.    Airtel Payments Bank
  3.    FINO Payments Bank
  4.    Paytm Payments Bank
 Discuss Question
Answer: Option A. -> India Post Payments Bank
India Post Payments Bank (IPPB) has conducted the First Floating Financial Literacy Camp of India in Jammu and Kashmir's Srinagar.
Question 118.

Which Bank signed a Master Risk Participation Agreement for supporting trade transactions with FirstRand Bank (FRB) to boost India-Africa trade?

  1.    FICCI
  2.    RBI
  3.    CII
  4.    EXIM Bank
 Discuss Question
Answer: Option D. -> EXIM Bank
Export-Import Bank of India (India Exim Bank) has concluded a Master Risk Participation Agreement for supporting trade transactions with FirstRand Bank (FRB) Limited.
Question 119.

In accordance with the RBI Act, the central bank is required to make a report to the government if the inflation target is not maintained for how many quarters?

  1.    Three
  2.    Two
  3.    Four
  4.    Five
 Discuss Question
Answer: Option A. -> Three
Under section 45ZN of the RBI Act, the central bank is required to submit a report to the government explaining the reasons and remedial actions it would take, in case of failure to maintain its inflation target for three consecutive quarters.
Question 120.

Which bank has launched several digital initiatives under "Project WAVE"?

  1.    Punjab National Bank
  2.    Indian Bank
  3.    Canara Bank
  4.    Bank of Baroda
 Discuss Question
Answer: Option B. -> Indian Bank
PSU lender Indian Bank has launched several digital initiatives under "Project WAVE" in a bid to enhance the customer experience through integrated services on its digital platform.

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