Banking Awareness Quiz With Explanation Part 16

(1). Which International Organization has agreed to give loan for Rewa Ultra Mega Solar (RUMS)project in Madhya Pradesh?
(a) World Bank
(b) IMF
(c) Asian Development Bank
(d) New Development Bank



(2). Which Indian Public Sector Bank has signed MoU with real estate developers’ body CREDAI?
(a) Bank of Baroda
(b) Punjab National Bank
(c) State Bank of India
(d) Andhra Bank


(3). 3-minutes digital loan against securities service is launched by
(a) SBI
(b) Punjab National Bank
(c) HDFC
(d) ICICI


(4). Recently, RBI gets approval of printing plastic notes of denomination
(a) Rs. 10
(b) Rs. 20
(c) Rs. 50
(d)Rs. 100


(5). Which private bank in India has launched Mera iMobile banking app?
(a) Axis Bank
(b) HDFC
(c) ICICI
(d) None of the above


(6). Two Indian companies have been named in the list of world's most ethical companies by American think tank Ethisphere Institute. One Company is Tata SteelBSE. The other is
(a) Blocon
(b) Aptech
(c) Reliance
(d) Wipro


(7). ICICI Bank has partnered with which of the following for UPI-based payment?
(a) Truecaller
(b) Tickscore
(c) Microsoft
(d) None of the above


(8). 'Working for a World Free of Poverty' is the Motto of
(a) IMF
(b) World Bank
(c) Asian Development Bank
(d) New Development Bank



(9). Which Bank in India has partnered with Payjo for artificial intelligence solutions?
(a) Yes Bank
(b) SBI
(c) HDFC
(d) ICICI


(10). Who is appointed as a Chairman of Catholic Syrian Bank by the RBI?
(a) YV Reddy
(b) T S Anantharaman
(c) Arun Kumar
(d) UK Sinha

EXPLANATION:

(1). Answer Key: (a)
The World Bank has agreed to provide a loan to develop internal transmission arrangements of the upcoming Rewa Ultra Mega Solar (RUMS) project in Madhya Pradesh.

(2). Answer Key: (c)
State Bank of India and real estate developers’ body CREDAI have signed a memorandum of understanding (MoU) to jointly conduct various initiatives towards development of the realty sector.

(3). Answer Key: (c)
HDFC Bank launched digital Loan against Securities (LAS) allowing customers to avail loans in less than 3 minutes. The service will also be available to customers with no credit history. The bank, which will offer 10.5 percent interest rate on the product, will soon expand the offering to other securities such as mutual funds, bonds and insurance policies. Customers can avail a minimum loan of Rs 1 lakh and maximum loan up to Rs 20 lakh under this facility.

(4). Answer Key: (a)
The Reserve Bank of India (RBI) has been authorised to conduct field trials for printing plastic notes of Rs. 10 denomination. The Reserve Bank for long has been planning to launch plastic currency note after field trials. In February 2014, the BJP government had informed the Parliament that one billion plastic notes of Rs. 10 denomination will be introduced in a field trial in five cities.

(5). Answer Key: (c)
ICICI Bank has launched a mobile banking app for rural customers that allow them to access banking services as well as information on agricultural services. Anyone including nonICICI Bank customers can download and use the app which is available in eleven Indian languages.

(6). Answer Key: (d)
Ethisphere honours those companies who recognise their role in society to influence and drive positive change in the business community and societies around the world.

(7). Answer Key: (a)
ICICI Bank has announced a partnership with mobile app firm Truecaller for a new UPIbased mobile payment service.

(8). Answer Key: (b)
Motto: Working for a World Free of Poverty

(9). Answer Key: (a)
Private sector lender Yes BankBSE -1.51 % has partnered with Payjo, an artificial intelligence banking platform based out of Silicon Valley, California to adopt its intelligence products. The YES Pay Bot will be the first AI-driven Bot for a wallet and will complement the already trusted and popular YES Pay wallet service with over half-a-million users.

(10). Answer Key:
The Reserve Bank of India has accorded its approval for appointment of TS Anantharamanas part-time chairman of Catholic Syrian Bank.

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