Banking and financial awareness questions of May month

  Banking and financial awareness questions of May month

1. Which country emerged as the largest source of FDI in India during the last fiscal, with $ 14 .67 billion investments?
A. Mauritius
B. Singapore
C. China
D. Japan
E. Netherlands

2. Which private sector bank has launched special fixed deposit (FD) scheme for senior citizens to help them get higher interest rate?
A. HDFC Bank
B. Axis Bank
C. ICICI Bank
D. Kotak Mahindra Bank
E. Bandhan Bank

3. What is the relationship between HDI and IHDI in case of a country which has acquired complete equality?
A. HDI>IHDI
B. HDI=IHDI
C. HDI<IHDI
D. HDI=>IHDI
E. HDI<=IHDI

4. The Reserve Bank of India (RBI) has imposed ₹5 crore fine on which of the following public sector banks for violating certain provisions on asset classification, divergence, opening of current accounts, and classification and reporting of frauds?
A. Canara Bank
B. Bank of India
C. Punjab National Bank
D. Union Bank
E. United Bank of India

5. The Reserve Bank of India (RBI) will raise Rs80,000 crore by selling cash management bills (CMB), CMBs in India are non-standard, discounted instruments issued for maturities less than ________.
A. 60 days
B. 91 days
C. 288 days
D. 299 days
E. 365 days

6. Which financial organizations has launched an artificial intelligence (AI) based chatbot, PAi, to create awareness around its products like FASTag, RuPay, UPI, AePS on a real time basis?
A. Clearing Corporation of India Limited (CCIL)
B. National Payment Corporation of India (NPCI)
C. Institute for Development and Research in Banking Technology
D. National Electronic Clearing Service (NECS)
E. Reserve Bank of India (RBI)

7. In the first meeting of the 15th Finance Commission’s on Fiscal Consolidation Roadmap it estimated India’s GDP growth to ________in the financial year 2020-21.
A. -6% to 1%
B. -5% to 1%
C. -6% to 0.5%
D. -5% to 0.5%
E. -3% to 1%

8. The Reserve Bank of India has reduced the Repo Rate to what percent?
A. 4.25
B. 4.10
C. 4.00
D. 3.80
E. 3.75

9. After reducing the Repo rate by RBI in a scheduled meeting, the Reverse repo gets automatically adjusted to _______.
A. 3.55%
B. 3.60%
C. 3.65%
D. 3.45%
E. 3.35%

10. Franklin Templeton Trustee Services Pvt. Ltd. has appointed which bank as an advisor to work together to assist the Trustees in monetizing portfolios of the 6 schemes that are being wind up?
A. Axis Bank
B. ICICI Bank
C. HDFC Bank
D. Kotak Mahindra Bank
E. Yes Bank

11. A full spectrum banking and insurance products company, Intellect Design Arena Limited has ties up with which tech giant to launch ‘iTurmeric FinCloud’ platform to switch to the latest tools and technologies?
A. Microsoft
B. Google
C. IBM
D. Intel
E. Alphabet

12. Which becomes the first bank in India to introduce video-KYC facility for saving account customers?
A. HDFC Bank
B. Federal Bank
C. Yes Bank
D. Kotak Mahindra Bank
E. Axis Bank

13. American brokerage Goldman Sachs expects the Indian economy to contract by what per cent in Financial year 2020-21?
A. 2 per cent
B. 3 per cent
C. 4 per cent
D. 5 per cent
E. 6 per cent

14. Which of the following banks has launched a special business vertical dedicated for gold loans to meet the financial needs of its customers?
A. Bank of Baroda
B. Canara Bank
C. Bank of India
D. Punjab National Bank
E. Punjab and Sindh Bank

15. Which international financial institutions has approved $1 billion social protection package for India linked to Central government's programmes?
A. Asian Development Bank (ADB)
B. Asian Infrastructure Investment Bank (AIIB)
C. World Bank (WB)
D. International Monetary Fund (IMF)
E. European Bank

16. MoneyGram Payment Systems has partnered with which bank to offer a cost-effective direct to bank account credit option for customers in India?
A. HDFC Bank
B. ICICI Bank
C. Bandhan Bank
D. Federal Bank
E. Yes Bank

17. What amount has been allocated from Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund Trust to fight against COVID-19 pandemic?
A. Rs 1900 crores
B. Rs 2100 crores
C. Rs 3100 crores
D. Rs 4300 crores
E. Rs 5100 crores

18. Which insurance provider has launched the standard health insurance policy named “Aarogya Sanjeevani Health Insurance Policy”?
A. SBI General Insurance
B. Aditya Birla General Insurance
C. Bajaj Allianz General Insurance
D. Bharti AXA General Insurance
E. HDFC ERGO General insurance

19. What is the name of the online grievance redressal system of the Income Tax Department?
A. e-Kuber
B. e-District
C. m-Pesa
D. e-Nivaran
E. None of the above

20. Which of the following banks has launched a special fixed deposit (FD) scheme for senior citizens to help them get higher interest rate?
A. Punjab National Bank
B. Bank of Baroda
C. State Bank of India
D. Bank of India
E. Canara Bank