Banking Awareness – RBI, SBI, PO, IBPS Exam – January 2020 Part 1 – Free PDF Download

 
Q) Union Finance Minister Nirmala Sitharaman has outlined plans to invest worth over ₹__________ lakh crore on infrastructure projects by 2024-25?

1. ₹ 50 lakh crore
2. ₹ 75 lakh crore
3. ₹ 102 lakh crore
4. ₹ 80 lakh crore

• National Infrastructure Pipeline to give top priority to energy, roads, urban development and railways in 5 years.
• It aims to ensure timely implementation of these projects — spread across 18 States and Union Territories — over the next five years.
• 39:39:22 :: Of the capex to be undertaken for the infra sector, the Centre (39 per cent) and States (39 per cent) are to have an equal share, with the private sector chipping the rest (22  per cent).
• The private sector will have 22% share which the government expects to increase to 30% by
• From FY20 to FY25, sectors such as Energy (24 per cent), Roads (19 per cent), Urban Development (16 per cent), Railways (13 per cent) will take up around 70 per cent of the  projected capex.

Q) Who is going to head the recently constituted task force for developing the National Infrastructure Pipeline?

1. Revenue Secretary
2. Cabinet Secretary
3. Expenditure secretary
4. Economic Affairs Secretary

• PM Modi disbursed Rs 12,000 crore to six crore farmers (Tumakuru).
• PM Kisan Samman Nidhi Yojana :-
  1. Central Sector scheme with 100% funding from Government of India.
  2. 6000 rupees yearly.
  3. 2000 x 3.
  4. Launched from Gorakhpur.

Q) RBI has launched which app to help visually challenged identify currency notes?

• 1. BANI
  2. MANI
  3. VANI
  4. NANI

MANI :

• Mobile Aided Note Identifier.
• MANI app does not authenticate a currency note as genuine or counterfeit while scanning them.
• Using the app, a visually challenged person can scan and identify the denominations by checking the front or reverse side of a currency note, including folded notes.
• The app also works o½ine to scan and identify the denominations of currency notes once it is
• For people with hearing and visual impairments, the app has predefined vibrations for different denominations; one vibration for Rs 5, two vibrations for Rs 10, three for Rs 20, four for Rs 50,  five for Rs 100, six for Rs 200, seven for Rs 500 and eight for Rs 2,000. In case the app is  unable to identify the denomination, it uses a long vibration and asks for the note to be  scanned again.

Q) Which state has launched the ffPautiff App to facilitate online payment of land revenue?

1. Andhra Pradesh
2. Rajasthan
3. Karnataka
4. Odisha

Q) India has extended a line of credit of USD 75 million (over Rs 500 crore) to which country for financing solar parks?

1. Germany
2. Ghana
3. Cuba
4. Niger

Q) S Sundar has been appointed as the interim MD and CEO of which bank?

1. Nainital Bank
2. Karur Vysya Bank
3. Lakshmi Vilas Bank
4. IndusInd Bank

Q) Which country was the largest source of FDI in India during the first half of FY 2020, as per the data released by the government?

1. United States
2. Netherlands
3. Japan
4. Singapore

• FDI rises 15% to $26 billion in first half of fiscal 2020 (April to September).
• Sectors that attracted maximum FDI during April-September 2019-20.

1. Services ($4.5 billion).
2. Computer software & hardware ($4 billion).
3. Telecommunications ($4.3 billion).
4. Automobile ($2.1 billion).
5. Trading ($2.1 billion).

• Singapore continued to be the largest source of FDI in India during the first half of the financial year with $8-billion investments.

1. 2nd – Mauritius ($6.4 billion).
2. 3rd – USA ($2.2 billion).
3. 4th – Netherlands ($2.3 billion).
4. 5th – Japan ($1.8 billion).

Q) AI powered National Stock Exchange Knowledge Hub was recently inaugurated in which city?

1. Jaipur
2. Mumbai
3. New Delhi
4. Bengaluru

• NSE Knowledge Hub platform seeks to assist the banking, financial, securities and insurance (BFSI) sector in enhancing skills for their employees and helping academic institutions in  preparing future-ready talent skilled for the financial services industry.
• The ‘NSE Knowledge Hub’ has been developed by NSE Academy, a wholly-owned subsidiary of the National Stock Exchange (NSE).

Q) RevFin has partnered with which Life Insurance Company to offer life cover to customers?

1. Bajaj Allianz
2. Max Life Insurance
3. Bharti AXA
4. PNB MetLife India

Q) The Reserve Bank of India has granted ffin-principleff approval to which Co-operative Bank for transition into a Small Finance Bank (SFB)?

1. Shivalik Mercantile
2. Solapur Janata
3. Goa Urban
4. Nutan Nagarik

• Shivalik MCB started as a district-level UCB on 5 September 1998 with a single branch in Saharanpur, Uttar Pradesh.
• Currently, Shivalik bank is the largest UCB in Uttar Pradesh, is associated with 8,000 self-help groups, and operates through 31 branches.
• It is the first urban cooperative bank (UCB) to make the transition since the guidelines came out nearly two years ago.
• The UCB will get 18 months to comply with the requirements under the scheme, which state that banks with a minimum net worth of ₹50 crore and capital to risk (weighted) assets ratio of 9%  and above are eligible to apply for voluntary transition to SFB.
• These UCBs will also have to comply with the latest guidelines for on-tap licensing of SFBs in the private sector, under which SFBs will have to maintain a minimum net worth of ₹100 crore  from the date of commencement of business.
• The SFBs are also required to maintain minimum capital adequacy ratio of 15% of its risk weighted assets (RWA) on a continuous basis and increase the minimum paid-up voting equity  capital to ₹200 crore within five years of the date of commencement of business.
• Co-operative banks have been wary of converting to SFBs as it would mean losing the status of a universal bank.
• SFBs are required to extend 75% of their loans to sectors eligible for classification as priority sector lending (PSL), comprising loans to agriculture, micro, small and medium enterprises,  education, housing, and others.
• Additionally, 50% of the SFB loan portfolio should constitute loans and advances up to ₹25 lakh.

Q) Global Investors Meet: ASCEND 2020 will be held in which city?

1. New Delhi
2. Bengaluru
3. Kochi
4. Hyderabad

Q) Common Service Centre (CSC) e-Governance Services has recently partnered with which bank for sale of FASTags?

1. Jio Payment Bank
2. Airtel Payment Bank
3. Fino Payments Bank
4. Paytm Payments Bank

Q) The National Payments Corporation of India (NPCI) has launched Blockchain enabled which Platform to make payments fast and secure?

1. Netra
2. Guard
3. Kushal
4. Vajra

• Vajra platform will be based on Distributed Ledger Technology (DLT), a new technology that promises to provide highly secure and tamper-evident transactions stored in a distributed and  immutable database.
• There will be 3 types of nodes

1. Clearing House node (CHN) for NPCI.
2. UIDAI node for Aadhaar authentication.
3. Participant node (PN) for all banks/ASP/PPI/PSP.

Q) Which bank has signed a MoU with Women Entrepreneurs Welfare Association (WEWA) of Tamil Nadu to offer training and credit linkage to women members/entrepreneurs?

1. Punjab National Bank
2. Bank of Baroda
3. Canara Bank
4. Indian Bank

• Indian Bank → Headquarters: Chennai, CEO: Padmaja Chunduru.

Q) The Insurance Regulatory and Development Authority of India (IRDAI) has mandated all general and health insurance companies to offer a standard health insurance under which name?

1. Arogya Sanjeevani
2. Swasth Zindagi
3. Surakshit Parivar
4. Arogya Jeevan

• It’s a standard health insurance policy for a common man with standard features.
• It will be offered by all health insurance companies in India starting from 1st April, 2020
• The name of the policy will be ‘Arogya Sanjeevani Policy – Insurance company name’. The premium, however, may be set by the insurers on their own.
• The existing health insurance policies in market are quite complex at times with fancy features and differ from each other so much that a normal investor finds it very tough to choose a  suitable policy. Hence IRDA came with this policy.
• One factor that deters many from purchasing health insurance is lack of faith. Buyers are not sure whether their insurer will reimburse a claim when it arises.
• It is this mistrust that the Insurance Regulatory and Development Authority of India (IRDAI) has tried to address with Arogya Sanjeevani, a standard health insurance product.
• With medical inflation ranging between 12 and 14 per cent annually, buying health insurance should be high on buyers’ priority list.
• Yet surveys show that 75-80 % of hospitalisation expenses are borne by customers out of their own pockets.
• Any person whose age is between 18 and 65 years can take this policy.
• The minimum sum assured is Rs 1 Lac and maximum sum assured is Rs 5 Lacs (in the multiple of 50,000). Ayush treatment is also Available.

Q) The urban co-operative banks (UCBs) may be placed under supervisory action framework when its Net NPAs exceed ________% of its net advances?

1. 5%
2. 8%
3. 3%
4. 6%

• A UCB may be placed under supervisory action framework when
  1. its Net NPAs exceed 6% of its net advances.
  2. its CRAR falls below 9%.
  3. when it incurs losses for two consecutive financial years.
  4. If it has accumulated losses on its balance sheet.
• RBI could undertake different actions like imposition of all-inclusive directions under section 35A of the Banking Regulation Act, 1949, as applicable to co-operative societies and issue of show  cause notice for cancellation of banking license may be considered by the Reserve bank when  continued normal functioning of the UCB is no longer considered to be in the interest of its

Q) Deutsche Bank has projected that Indian economy will reach $7 trillion by which year?

1. 2030
2. 2025
3. 2027
4. 2028

Deutsche Bank’s report : “Imagine 2030”

• The sharp slowdown in the recent years is not indicative of what is in the store for the next
• Demonetisation and GST apart, India’s bankruptcy law that came into force in 2017 will also help drive growth in the upcoming decade.
• RBI’s decision to cut the key lending rate by 135 basis points in calendar 2019 will revive growth.
• This implies that nominal GDP growth is likely to average just over 10% through the next

Q) State Bank of India has lowered its GDP growth forecast for FY20 to what per cent?

1. 4.7%
2. 5.1%
3. 4.3%
4. 4.6%

Q) World Bank has predicted India’s GDP rate at what percent for fiscal year 2020?

1. 4.9%
2. 5.2%
3. 5%
4. 4.5%

Q) Which Indian city has topped the list of world’s fastest-growing cities released by Economist Intelligence Unit (EIU)?

1. Kozhikode
2. Kollam
3. Nashik
4. Malappuram

Q) Which bank has launched the Residential Builder Finance with Buyer Guarantee (RBBG) scheme that will focus on aordable housing projects priced up to 2.50 crore rupees?

1. Bank of Baroda
2. Axis Bank
3. Yes Bank
4. State Bank of India

Q) Which state has signed a loan agreement worth Rs.711 crore with Kfw, Germany Development bank for expanding the climate-resilient Zero-Budget Natural Farming (ZBNF)?

1. Karnataka
2. Andhra Pradesh
3. Telangana
4. Kerala

Q) Which Bank has launched myApps to boost digital payments?

1. Axis Bank
2. HDFC Bank
3. Yes Bank
4. ICICI Bank

• myApps is a unique customised suite of banking products to benefit urban local bodies, housing societies, local clubs and gymkhanas and religious institutions.
• In a first, HDFC bank is helping organisations to entirely digitise their ecosystem through
• At present HDFC Bank is offering four types of applications — mySociety, myClub, myPrayer and myCity.

Q) The RBI has amended the KYC norms allowing banks and other lending institutions to use V-CIP. What is the full form of V-CIP?

1. Video based Customer Identification Process
2. Virtual Based Customer Identification Process
3. Video Based Customer Identity Policy
4. Virtually Based Client Identification Process

• The Reserve Bank has decided to permit V-CIP as a consent based alternate method of establishing the customer’s identity, for customer onboarding.
• Regulated Entities are encouraged to take assistance of the latest available technologyff, including artificial intelligence (AI) and face matching technologies, to ensure the integrity of  the process as well as the information furnished by the customer.
• The PAN details should be verified from the database of the issuing authority
• The RBI said that the regulated entities will have to ensure that the video recording is stored in a safe and secure manner and bears the date and time stamp
• ffLive location of the customer (Geotagging) shall be captured to ensure that customer is physically present in Indiaff.

Q) According to India Ratings, India has to increase its labour productivity growth to ________ per cent to attain 8 per cent economic growth?

1. 5.4%
2. 5.8%
3. 6.3%
4. 7.1%

• Labour productivity growth has to be 6.3% to achieve 8% GDP growth while it has to be up by 3% in order to achieve economic growth of 9%.
• The Labour productivity growth in the current financial year has been pegged at 5.2%.
• Sectors such as manufacturing (7.2%), electricity, gas, and water supply (7.7%), transport, storage, and communications (7.4%), and community, social, and personal services (6.2%)  contributed significantly to the overall labour productivity during FY00-FY16, However, the  sectors that lagged are construction, agriculture and mining which recorded labour productivity  growth of 0.4%, 3.2% and 4.8%, respectively.

Q) What is the maximum permissible limit for e-mandate for recurring transactions UPI transactions?

1. Rs 3,000
2. Rs 5,000
3. Rs 2,000
4. Rs 4,000

• The RBI had allowed processing of e-mandate on cards for recurring transactions in August 2019 for all types of cards – debit, credit and Prepaid Payment Instruments (PPIs), including wallets with a maximum permissible limit of INR 2000.

Q) Which among the following has acquired digital credit startup PaySense for $185 Million?

1. Google
2. Paytm
3. PayU
4. PhonePe

• PayU is owned by Naspers.
• PayU intends to merge its Indian consumer lending business LazyPay with PaySense to create a full-stack digital lending platform.

Q) India is planning to achieve a USD 250 billion maritime economy by which year?

1. 2024
2. 2025
3. 2023
4. 2027

Q) The government has increased the authorised capital of Indian Overseas Bank to Rs _________ crore?

1. Rs 25,000 crore
2. Rs 10,000 crore
3. Rs 20,000 crore
4. Rs 15,000 crore

Q) What is the new deadline set by SEBI to separate roles of chairman and MD in top 500 companies?

1. 1 April 2020
2. 1 April 2021
3. 1 April 2022
4. 1 April 2023

Q) Who has been appointed as the deputy governor of Reserve Bank of India (RBI)?

1. Michael Patra
2. Viral Acharya
3. Ajay Michyari
4. Rajiv Ranjan

• There are four deputy governors :
  1. P. Kanungo.
  2. S. Vishwanathan.
  3. Mahesh Kumar Jain.
  4. Michael Patra.

Q)The Reserve Bank of India (RBI) has curbed which bank from doing business with immediate effect?

1. Nainital Bank
2. Guru Raghavendra Sahakara Bank
3. Lakshmi Vilas Bank
4. IndusInd Bank

Q) Which among the following led Navi Technologies Private Limited has acquired the DHFL General Insurance?

1. Mukesh Ambani
2. Anil Ambani
3. Binny Bansal
4. Sachin Bansal

 
 

 

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