Important Current Affairs Quiz for Bank Mains Exams 2022- 7th February

Q1. Reserve Bank of India has set up a separate internal department for fintech (Financial technology). What is the effective date of the new department which has been created?
(a) April 15, 2022
(b) January 04, 2022
(c) August 07, 2022
(d) May 01, 2022
(e) None of the above

Q2. Which bank has issued $300 million Formosa bonds and listed the issuance on India INX GIFT IFSC?
(a) IndusInd Bank
(b) Punjab National Bank
(c) HDFC Bank
(d) State Bank of India
(e) None of the above

Q3. Which of the following Payment Bank has been categorised as a scheduled bank by the Reserve Bank of India (RBI) in the second schedule of the Reserve Bank of India Act, 1934?
(a) Airtel Payments Bank
(b) Jio Payments Bank
(c) Paytm Payment Bank
(d) Fino Payment Bank
(e) None of the above

Q4. Who has been appointed as Managing Director and CEO of Jammu & Kashmir Bank?
(a) Navin Agarwal
(b) Baldev Prakash
(c) Subhash Kumar
(d) Suneet Sharma
(e) None of the above

Q5. Which Bank has announced a strategic collaboration with Google to fuel the Bank’s customer experience strategy?
(a) RBL Bank
(b) Bandhan Bank
(c) State Bank of India
(d) Federal Bank
(e) None of the above

Q6. Which bank has partnered with MinkasuPay to offer a biometric authentication solution for net banking payments in merchant apps using Fingerprint or Face ID?
(a) Bank of Baroda
(b) Yes Bank
(c) Axis Bank
(d) ICICI Bank
(e) None of the above

Q7. Reserve Bank of India has approved which Payments Bank for commencing international (Cross Border) remittance business under the Money Transfer Service Scheme (MTSS)?
(a) Paytm Payments Bank
(b) Airtel Payments Bank
(c) India Post Payments Bank
(d) Fino Payments Bank
(e) None of the above

Q8. Which Small Finance Bank has launched ‘Platina Fixed Deposit’, offering interest of 15 basis points (bps)?
(a) AU Small Finance Bank
(b) Suryoday Small Finance Bank
(c) Ujjivan Small Finance Bank
(d) Equitas Small Finance Bank
(e) None of the above

Q9. RBI has increased the threshold limit for Banks to maintain the Liquidity Coverage Ratio (LCR) on deposits and other ‘extension of funds’ received from non-financial small business customers from Rs 5 crore to___________.
(a) Rs 10 crore
(b) Rs 7.5 crore
(c) Rs 12.5 crore
(d) Rs 8 crore
(e) None of the above

Q10. The Reserve Bank of India (RBI) has announced that it has extended the deadline for periodic KYC updates to which of the dates?
(a) October 31, 2022
(b) May 31, 2022
(c) December 31, 2022
(d) March 31, 2022
(e) None of the above

Solutions

S1.Ans(b)
Sol. Reserve Bank of India has set up a separate internal department for fintech (Financial technology). The new department has been created with effect from January 04, 2022.

S2.Ans (d)
Sol. State Bank of India (SBI) has issued $300 million Formosa bonds and listed the issuance on India INX GIFT IFSC.

S3.Ans(a)
Sol. Airtel Payments Bank has been categorised as a scheduled bank by the Reserve Bank of India (RBI) in the second schedule of the Reserve Bank of India Act, 1934.

S4.Ans (b)
Sol. Baldev Prakash has been appointed as Managing Director and CEO of Jammu & Kashmir Bank.

S5.Ans(a)
Sol. RBL Bank and Google announced a strategic collaboration to fuel the Bank’s customer experience strategy through the digital platform, Abacus 2.0.

S6.Ans(c)
Sol. Axis bank has partnered with MinkasuPay to offer a biometric authentication solution for net banking payments in merchant apps using Fingerprint or Face ID.

S7.Ans(d)
Sol. Reserve Bank of India has approved Fino Payments Bank for commencing international (Cross Border) remittance business under the Money Transfer Service Scheme (MTSS).

S8.Ans(c)
Sol. Ujjivan Small Finance Bank has launched ‘Platina Fixed Deposit’, offering interest of 15 basis points (bps).

S9.Ans(b)
Sol. The Reserve Bank of India has increased the threshold limit for Banks to maintain the Liquidity Coverage Ratio (LCR) on deposits and other ‘extension of funds’ received from non-financial small business customers from Rs 5 crore to Rs 7.5 crore.

S10.Ans(d)
Sol. The Reserve Bank of India (RBI) has announced that it has extended the deadline for periodic KYC updates by 3 months till March 31, 2022.