100 Important Banking Awareness Questions

(Part-2)
1. As per new rules for reclassifying promoter as a public investor, SEBI has not allowed
the listed firm to hold over _______ percentage stake.
1) 15
2) 10
3) 12
4) 20
5) 18

correct option : 2

SEBI has come out with new rules for re-classification of a promoter as a public investor,
wherein an outgoing promoter will have to relinquish special rights as well as control over
the affairs of the listed firm and not be allowed to hold over 10% stake.
2. SWIFT India has partnered with _________ for Blockchain Banking pilot program.
1) BrainTree
2) Perfios
3) EzeTab
4) PayMate
5) MonetaGo

correct option : 5

The banking sector is planning to create a blockchain platform with SWIFT India to prevent frauds
and ensure transparency and security of real-time transactions. SWIFT India has partnered with fin-
tech company MonetaGo for a pilot project.
3. Recently, European Investment Bank and _________ have agreed to cooperate on
financing renewable energy across India.
1) State Bank of India
2) Export-Import Bank of India
3) Punjab National Bank
4) ICICI Bank
5) Axis Bank

correct option : 1

European Investment Bank and State Bank of India have agreed to cooperate on financing
renewable energy & providing new support for wind energy projects. The promoters of wind
projects will benefit from long-term low-cost financing under the EUR 600 million renewable
energy financing programme.
4. Payments Banks are licensed under which of the following acts?
1) The Industrial Disputes Act, 1949
2) The Banking Companies Act, 1970
3) Reserve Bank of India Act, 1934
4) Banking Regulation Act, 1949
5) Payment and Settlement Act, 2007

correct option : 4

The payments banks are licensed under section 22 of the Banking Regulation Act 1949. The
payments banks are given the status of scheduled banks under the section 42 (6) (a) of the Reserve
Bank of India Act, 1934.
5. Acc. to govt. officials ,the insolvency law has helped in directly and indirectly
addressing stressed assets worth ₹______ lakh crore in the last two years.
1) 3
2) 3.7
3) 4
4) 4.5
5) 5

correct option : 1

The insolvency law has helped in directly and indirectly addressing stressed assets worth
₹3 lakh crore in the last two years. More than 9,000 cases came for redressal under the
Insolvency & Bankruptcy Code (IBC), 2016.
6. __________signed a Sh327.8 million ($3.8 million) deal with International Centre of
Insect Physiology & Ecology (ICIPE) to fund training in science & innovation in sub-Saharan
Africa.
1) IMF
2) ADB
3) NDB
4) World Bank
5) EBRD

correct option : 4

The World Bank signed a Sh327.8 million ($3.8 million) deal with International Centre of
Insect Physiology & Ecology (ICIPE) to fund training in science & innovation in sub-Saharan
Africa. It will support the Regional Scholarship & Innovation Fund (RSIF).
7. What is the maximum maturity age of LIC Jeevan Anand policy?
1) 15
2) 30
3) 45
4) 60
5) 75

correct option : 5

The maximum maturity age of LIC Jeevan Anand policy is 75 years. The policy is a combination of
Endowment Assurance and Whole Life plans. It provides financial protection against death
throughout the lifetime of the life assured with the provision of payment of a lump sum at the end
of the selected term in case of his survival.
8. World Savings Day observed every year on ________.
1) 15 January
2) 28 February
3) 15 September
4) 30 December
5) 31 October

correct option : 5

The World Savings Day was established on October 31, 1924, during the 1st International Savings
Bank Congress in Italy. It is to inform people all around the world about the idea of saving their
money in a bank rather than keeping it under their mattress.
9. Aditya Puri has been re-appointed as the MD & CEO of which bank?
1) ICICI Bank
2) HDFC Bank
3) Axis Bank
4) Kotak Mahindra Bank
5) Bank of Baroda

correct option : 2

RBI has approved re-appointment of Aditya Puri as MD & CEO of HDFC bank for another two years.
Shareholders had already approved his appointment in 2015 for a period of five years subject to
RBI approval.
10. State Bank of India is set to raise Rs _______ crore by issuing Basel III-compliant bonds.
1) 3234
2) 4116
3) 5346
4) 6127
5) 5896

correct option : 2

State Bank of India will raise Rs 4,116 crore by issuing Basel III-compliant bonds to add up to its tier
2 capital. As per the bond programme, the bank will issue 41,159 non-convertible, taxable,
redeemable, subordinated, unsecured debt instruments.
11. _________ gives investors both insurance and investment under a single integrated
plan.
1) Endowment Plan
2) Unit Linked Insurance Plan
3) Term Life Insurance plan
4) Money Back Plan
5) None of these

correct option : 2

A Unit Linked Insurance Plan is a product offered by insurance companies that, unlike a
pure insurance policy, give investors both insurance and investment under a single
integrated plan. The first ULIP was launched in India in 1971 by Unit Trust of India.
12. The customers need not pay any transaction charges for payments up to ________
through debit card, BHIM app.
1) ₹ 1000
2) ₹ 2500
3) ₹ 5000
4) ₹ 2000
5) ₹ 1500

correct option : 4

The customers need not pay any transaction charges for payments up to ₹ 2000 through
debit card, BHIM app, and Aadhar Enabled Payment Systems. The government announced
this system to promote digital transactions. The merchant discount rate has borne by the
government for two years.
13. Which country has recently launched the world’s first sovereign Blue Bond?
1) Marshall Islands
2) Portugal
3) Seychelles
4) Bulgaria
5) Niger

correct option : 3

Seychelles has launched the world’s first sovereign blue bond. It is a pioneering financial
instrument designed to support sustainable marine and fisheries projects. The bond has raised
US$15 million from international investors.
14. What is the position of India in the latest World Bank’s Ease of Doing Business Index?
1) 57th
2) 106th
3) 89th
4) 77th
5) 69th

correct option : 4

India was ranked at 77th in the World Bank's latest Ease of Doing Business rankings, India has
jumped 23 notches from last year. The report recognized India as one of the top 10 improvers in this
year’s assessment, for the second successive time. India has improved its rank by 53 positions in the
last 2 years.
15. "Good people to grow with” is the tagline of which bank?
1) Indian Overseas Bank
2) Indian Bank
3) Bank of India
4) Andhra Bank
5) Bank of Maharashtra

correct option : 1

Good people to grow with” is the tagline of Indian Overseas Bank. Indian Bank - Your Tech-friendly
bank; Bank of India - Relationships beyond Banking; Andhra Bank- Where India Banks; Bank of
Maharashtra - One Family One Bank.
16. RBI has reduced mandatory hedging of overseas borrowings to _______%.
1) 80
2) 85
3) 75
4) 70
5) 65

correct option : 4

The Reserve Bank of India has reduced mandatory hedging requirement for borrowers raising
overseas funds to 70 percent from 100 percent. It can help in reducing hedging costs during overseas
fundraising which will ease the burden on the cash crunch of NBFC.
17. Rs _____ is the loan limit for education under priority sector.
1) 5 Lakhs
2) 7 Lakhs
3) 8 Lakhs
4) 10 Lakhs
5) 12 Lakhs

correct option : 4

Loans to individuals for educational purposes including vocational courses upto ₹ 1 million i.e. 10
Lakhs irrespective of the sanctioned amount are eligible for classification under priority sector.
18. RBI has relaxed the securitization norms by relaxing the minimum holding period
requirement up to ___ period.
1) 6 Months
2) 9 Months
3) 12 Months
4) 15 Months
5) 18 Months

correct option : 3

In a move to make more liquidity available to non-banking finance firms, the Reserve Bank of
India has relaxed the securitization norms by relaxing the minimum holding period
requirement from six months to one year. It will help loan with big tenure.
19. Recently “PAiSA” Portal for Credit to needy launched. Which is the Nodal bank for
operating ‘PAiSA’?
1) SBI
2) Bank of Maharashtra
3) Karnataka Bank
4) BOB
5) Allahabad Bank

correct option : 5

“Paisa – Portal for Affordable Credit & Interest Subvention Access”, Launched Under
Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM). It is
centralized electronic platform for processing interest subvention on bank loans. Allahabad
Bank is Nodal bank for PAiSA Portal designed and developed portal.
20. Under the Credit-Linked Subsidy Scheme (CLSS), Government of India provide
subsidy up to Rs. ______Lakh to beneficiaries.
1) 2.51
2) 2.82
3) 2.67
4) 2.25
5) 2.48

correct option : 3

Nearly 2.75 lakh beneficiaries have availed a subsidy scheme under the Pradhan Mantri
Awas Yojana (Urban). under the Credit Linked Subsidy Scheme (CLSS) Union Housing and
Urban Affairs Ministry provides a subsidy of up to Rs 2.67 lakh to the beneficiaries.