InterviewSolution
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InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Which bank became India's most-valued Public Sector Unit (PSU) in terms of market valuation? |
| Answer» State Bank of India (SBI) become the country's most valuable public sector unit (PSU), in terms of market valuation. | |
| 2. |
Mastercard creates credit card with __________ scanner. |
| Answer» MasterCard has unveiled its brand new payment card that has a built-in biometric fingerprint scanner, allowing customers to authorize payments with their fingerprint, without requiring a PIN code or a signature. | |
| 3. |
Which Indian bank has won the 2017 Golden Peacock Innovative Product/Service Award (GPIPSA)? |
| Answer» Yes Bank has won the prestigious 2017 Golden Peacock Innovative Product / Service Award (GPIPSA) at the 27th World Congress at the Dubai Global Convention in Dubai, UAE. And Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) also won the award in this category for pioneering a cashless township transformation model. The Golden Peacock Awards raise the overall standards of developing and implementing transformative business models, and to recognize the achievements of the best performing organizations. | |
| 4. |
Japan's SoftBank invested this much of amount in digital payments platform Paytm. |
| Answer» Japan's SoftBank invested 1.4 billion (over Rs 9,079 crore) in digital payments platform Paytm. The company also plans to invest Rs 10,000 crore over the next three to five years. | |
| 5. |
Which bank tie-up with Catholic Syrian Bank to distribute its individual life insurance products to the private lender's customers? |
| Answer» HDFC Life has entered into a bancassurance (the selling of life assurance and other insurance products and services by banking institutions) tie-up with Catholic Syrian Bank to distribute its individual life insurance products to the private lender's customers. It will offer its leading range of individual life insurance, health and pension products to the Catholic Syrian Bank's 1.5 million customer base across all its branches over a period of time. | |
| 6. |
Which bank tie-up with Paisa bazzar.com to make the process of availing a loan easy and act as a one-stop financial solution provider for all retail lending needs of the customer? |
| Answer» Private sector lender Yes Bank today announced alliance with Paisabazaar.com to make the process of availing a loan easy through its advanced analytics and data mining capabilities to offer customers of the financial marketplace with customised and conditionally approved offers across retail lending products. | |
| 7. |
The Reserve Bank of India (RBI) proposed a set of regulations regarding mergers and acquisitions (M&A). The proposed regulations will be brought under the FEMA rules of |
| Answer» RBI proposes fresh regulations under Foreign Exchange Management Act-1999 for Cross Border Mergers. The regulation makes reporting of any cross-border activity mandatory within 180 days from the date of sanction called Foreign Exchange Management (Cross-border Mergers) Regulations, the new rules pertain to mergers, demergers, amalgamations and arrangements between domestic and foreign companies. | |
| 8. |
Which bank has tied up with Cashkaro.com to launch card-linked offers as part of its loyalty programme for both offline and online shoppers? |
| Answer» Cashkaro.com ties up with YES Bank to launch card-linked offers as part of its loyalty programme for both offline and online shoppers. It is available on all YES BANK debit cards, and will be extended to all other payment products of YES Bank in the near future. The initiative will now enable YES Bank debit card holders to earn customised cashback offers from a wide range of participating online merchants. | |
| 9. |
16 The Reserve Bank will soon put into circulation Rs. 5 coins to celebrate 150th anniversary of ___________. |
| Answer» The central bank will put into circulation new Rs 5 coins to celebrate 150th anniversary of Allahabad High Court. On the design of new Rs 5 coin, the coin's face will bear an image depicting centre facade of Allahabad High Court Building emerging from the book. | |
| 10. |
FATCA stands for __________. |
| Answer» FATCA stands for Foreign Account Tax Compliance Act. It is an agreement signed between India and United States (US). FATCA compliance is basically a 'self-declaration' to provide details about account holder's tax residency to the financial entity. | |
| 11. |
The Reserve Bank will soon circulate a new Rs 10 coins that have been minted to commemorate ______ year of National Archives of India. |
| Answer» The Reserve Bank of India (RBI) will soon put into circulation new 10 coins have also been minted to commemorate the 125th year of National Archives of India. On the design of new Rs 10 coin, on the reverse of the coin, there will be an image of National Archives Building in the centre with inscription '125 YEARS' below the image. | |
| 12. |
Reserve Bank of India (RBI) and other commercial banks spend Rs ___________ crore every year on currency management operations. |
| Answer» National Institution for Transforming India (NITI) Aayog CEO Amitabh Kant confirmed that the Reserve Bank of India (RBI) and other commercial banks spend Rs 21,000 crore every year on currency management operations. The objective of the NITI Aayog is to increase the adoption and use of digital payments in India. | |
| 13. |
Which bank cut rates on home loans of up to Rs30 lakh by 25 basis points for new borrowers to capitalize on demand generated by government efforts? |
| Answer» State Bank of India (SBI) cut rates on home loans of up to Rs30 lakh by 25 basis points for new borrowers. The rate was reduced to 8.35% from 8.60%-the second time in 2017 that India's largest lender has slashed home loan rates after an effective 50 basis point to capitalize on demand generated by government efforts to spur affordable housing. | |
| 14. |
RBI has initiated 'prompt corrective action' on this bank and restrict bank from hiring, opening branches and giving big ticket loans. |
| Answer» The Reserve Bank of India (RBI) has initiated 'prompt corrective action' on IDBI BankBSE 0.45 % which will restrict bank from hiring, opening branches and giving big ticket loans. The 'prompt corrective action' is triggered when a bank's bad loan is above 6%, it reports losses for two consecutive years. IDBI Bank's gross NPA had crossed 15% in quarter ending December 2016. | |
| 15. |
This bank business has been restricted by the Reserve Bank of India for continuous erosion of net worth and huge NPAs. |
| Answer» Public sector lender Uco Bank is facing business restrictions from Reserve Bank of India (RBI) following mounting losses, continuous erosion of net worth and huge NPAs. It has become the second ender to face business restrictions after IDBI Bankfollowing RBI's revision of its PCA framework. | |
| 16. |
Which two bank recently slashed interest rate by up to 0.3 percent for loans of up to Rs 30 lakh to promote affordable housing? |
| Answer» Following SBI, two leading private lenders ICICI Bank and HDFC Ltd on slashed interest rate by up to 0.3 percent for loans of up to Rs 30 lakh to promote affordable housing. New home loans rates for up to 30 lakh for women will be 8.35 percent and for other others, 8.40 percent. | |
| 17. |
Kotak Mahindra Bank has enabled end to end trade financing for one of its clients by utilising which of the given technology? |
| Answer» The Private sector lender Kotak Mahindra Bank has enabled end to end trade financing for one of its clients by utilising the blockchain technology thereby reducing the time taken for a letter of credit (LC) to few hours from 20 to 30 days. The time involved in completing the process deprives exporters from from utilising their sale proceeds efficiently. In a first of its kind transaction in India, Kotak partnered with Deloitte and used the blockchain technology to complete LC transactions. | |
| 18. |
Which private sector bank appoint Debjani Ghosh as an additional director? |
| Answer» The private sector lender Yes Bank today announced the appointment of computer hardware company Intel's executive Debjani Ghosh as an additional director on its board. She has been associated with Intel since 1996 and has held positions including country head and managing director for South Asia. | |
| 19. |
For which bank India Ratings and Research gave a negative outlook due to challenges arising out of stressed assets and weak capital position? |
| Answer» India Ratings and Research downgraded State-run IDBI Bank to AA from AA+ and gave a negative outlook due to challenges arising out of stressed assets and weak capital position.The downgrade in the long-term issuer rating reflects the consistent drop in IDBI's share of systemic assets as the bank struggles with its asset quality challenges," the rating agency said in a note. | |
| 20. |
Which banks launches the SPOK application to read customer queries? |
| Answer» HDFC Life launches its first life insurance AI based email bot, named SPOK to automatically read, understand, categorise, prioritise and respond to customer emails that are sent to HDFC Life, within milliseconds. It will enable HDFC Life to respond to user queries faster and more efficiently and consistently. | |
| 21. |
Which bank signs MoU with LIC of India for selling life insurance products? |
| Answer» Karnataka Bank Limited entered into a Memorandum of Understanding (MoU) with Life Insurance Corporation (LIC) of India for selling life insurance products. With this MoU, the bank provides the vast choice of life insurance products to its customers across all its 769 branches. | |
| 22. |
This bank and IFFCO introduced the co-branded debit cards for farmers? |
| Answer» Bank of Baroda (BOB) and Indian Farmers Fertiliser Cooperative Limited (IFFCO) launch its first set of co-branded debit cards for farmers and aimed them to buy agri-inputs through a convenient cashless transaction mechanism, thus providing further thrust to PM Narendra Modi's Digital India programme. wo lakh co-branded debit cards will be issued initially to the farmers beginning with the States of Uttar Pradesh, Bihar, Rajasthan and Madhya Pradesh. | |
| 23. |
Which bank launched a new trading platform Selfie for customers to trade directly from charts? |
| Answer» Federal Bank, in association with Geojit, has launched a new trading platform called "Selfie" for customers. The trading platform will give its users absolute control over their investments with timely research inputs to make sound investment decisions. It is an advanced charting platform that enables users to trade directly from charts, among others. | |
| 24. |
Which bank launched a national Hackathon for developers and students to come up with innovative ideas for the banking sector? |
| Answer» State Bank of India launched a national Hackathon for developers, start -ups and students to come up with innovative ideas and solutions for the banking sector. The hackathon has named 'Code For Bank'. The main aim to launch National hackathon is to come up with innovative ideas and solutions for the banking sector. It will start from June 6 and ends on June 20. | |
| 25. |
Which Indian company is placed in the top 10 consumer financial services companies in the world? |
| Answer» HDFC Ltd is the only Indian company to be named among the top 10 consumer financial services companies in the world. It is placed with profits of $1.6 billion and sales of $8.1 billion HDFC was ranked seventh on the Forbes Global List 2017 in the consumer financial services sector same as last year. American Express topped the list, followed by Capital One Financial and Visa in the second and third place. | |
| 26. |
The Reserve Bank of India going to introduce a new ________ currency note under the Coinage Act, 2011. |
| Answer» The Reserve Bank of India (RBI) will soon introduce currency notes of one rupee denomination. It is printed by the Government of India, under the Coinage Act, 2011. The new note will have an overall colour scheme of pink and green on the obverse and reverse, in combination with other colours. The note will have the bilingual signature of Shaktikanta Das, Secretary, Ministry of Finance. | |
| 27. |
The Asian Development Bank signed a $100 million loan with this bank to finance large solar rooftop systems on industrial and commercial buildings throughout India. |
| Answer» The Asian Development Bank (ADB) and the Punjab National Bank (PNB) signed a $100 million loan to be guaranteed by the Government of India to finance large solar rooftop systems on industrial and commercial buildings throughout India. India's solar rooftop market is expanding fast with an estimated total capacity potential of 124Giga Watts (GW) aiming to increase the country's solar rooftop capacity by 40 GW in 2022. Solar Rooftop Investment Program (SRIP) approved by ADB in the year 2016. | |
| 28. |
Which bank clears 100 Mw solar projects worth Rs 400 cr under World Bank programme? |
| Answer» State Bank of India and the World Bank announced that they had financed 100 MW of rooftop solar projects worth Rs400 crore in India. SBI got a loan of $625 million from the World Bank via Grid-Connected Rooftop Solar PV (GRPV) projects undertaken by developers, aggregators, end-users, for installation of rooftop solar systems. | |
| 29. |
Which bank did the Reserve Bank of India (RBI) admits prompt corrective action? |
| Answer» The Reserve Bank of India (RBI) has initiated prompt corrective action (PCA) for Dena Bank in view of high net non-performing assets and negative return on assets. Prompt Corrective Action is the action which will not have any material impact on the performance of the bank to improve its activities.In the month of May, RBI had initiated PCA for IDBI Bank and UCO Bank in view of negative assets. | |
| 30. |
Which bank conducts the Star Mahotsav program? |
| Answer» Bank of India conducted a mass-contact programme, 'Star Mahotsav', across its branch network. The thrust was on contacting every customer at their door step either for recovery of bad loans, disbursement of retail loans including housing and vehicle loan, disbursement under MSME and agriculture and promotion of its products, including debit and credit card, POS machine, and internet banking service. | |
| 31. |
Which alphabet was inserted in the RBI's 500rs notes? |
| Answer» The Reserve Bank of India (RBI) issued a new batch of Rs 500 notes with inset letter 'A' in both the number panels bearing the signature of Dr. Urjit R. Patel Governor with the year of printing '2017' on the reverse. The new series earlier released and currently, in circulation has the inset letter "E". | |
| 32. |
Which bank reduce the interest rate on new home loan above Rs. 75 lakh recently? |
| Answer» State Bank of Indian reduced the interest rate on new home loan above Rs. 75 lakh. SBI home loans above Rs. 75 lakhs be cheaper by 10 basis points or 0.1 per cent. The revised interest rates will be 8.55 per cent for salaried women borrowers. For others, the rate of interest will be 8.60 per cent. It will Effective from June 15, 2017. | |
| 33. |
Which bank launched the retail mart in Thiruvananthapuram? |
| Answer» Indian Overseas Bank (IOB) as launched the Retail Mart, a retail lending concept, in Kerala's capital city. The Retail Mart has been designed with an aim to complete all the pre-release formailities at the customer's door step and sanction quality retail loans at a competitive rate of interest with a minimum turnaround time. It is planning to disburse an additional Rs 100 crore in retail loans during the current financial year. | |
| 34. |
How many millions World Bank approves for Afghanistan to boost economy? |
| Answer» The World Bank approved financing worth more than 500 million dollars for Afghanistan to support a string of projects to boost the economy. It helps improve service delivery in five cities and support Afghan refugees sent back from Pakistan | |
| 35. |
Which private sector bank to get High rating for code compliance ? |
| Answer» According to the Code Compliance Rating of banks done by the Banking Codes and Standards Board of India (BCSBI) 2017, only one (IDBI Bank) out of 26 public sector banks and eight out of 17 private sector banks got 'high' rating. The eight private sector banks that got 'high' rating are Axis Bank, DCB Bank, HDFC Bank, ICICI Bank, IndusInd Bank, Kotak Mahindra Bank, RBL Bank and YES Bank. | |
| 36. |
India's first Aadhaar based iris eye scan customer verification and fingerprint operated ATM in Telangana was launched by? |
| Answer» DCB Bank launched India's first Aadhaar-based iris eye scan customer verification and Aadhaar-based fingerprint-operated ATM in Telangana. It utilise a customer's Aadhaar number, eye scan and fingerprint impression. | |
| 37. |
The Reserve Bank Of India (RBI) initiated the Prompt Corrective Action against this bank activities. |
| Answer» The Reserve Bank of India (RBI) initiated prompt corrective action (PCA) on Bank of Maharashtra placing a restriction on the banking activities. This is the sixth bank to be placed under PCA by the RBI, the other 5 banks are Central Bank of India, IDBI Bank, UCO Bank, Dena Bank and Indian Overseas Bank. | |
| 38. |
Which bank introduced a special Superbike loans for the bike? |
| Answer» Axis Bank introduced a special Superbike loans for the bike. The loans which are for Bikes with an engine displacement of over 500 cubic centimeters(cc) will come at a price tag of 10-11% per annum. These bikes come with a price tag between Rs 5 to Rs 50 lakhs. | |
| 39. |
Meghalaya government signed two MoUs with this bank for digital transaction. |
| Answer» Meghalaya government signed two MoUs with the State Bank of India as a part of an initiative towards migrating government transactions to digital mode. With implementation of the Goods and Services Tax (GST), these MoUs are expected to give dealers and other citizens the desired platform for conducting financial transactions with the state government on a digital platform. | |
| 40. |
Hike Messenger and this bank tie-up to launch in-app Wallet. |
| Answer» Messaging app Hike added payments feature with YES Bank allows its over 100 million users to transfer money, recharge and pay mobile bills through the messaging platform. The Hike is the first in India to launch payments facility on a messaging platform. It will allow free and instant bank-to-bank transfer via unified payments interface (UPI). | |
| 41. |
This bank join hands with the Kochi Metro Rail Corporation (KMRL) and Launched India's First Single-Wallet Contactless, Open Loop Metro Card. |
| Answer» India's third largest private sector bank Axis Bank join hands with Kochi Metro Rail Corporation (KMRL) has launched KMRL Axis Bank 'Kochi1' Card, India's first open loop EMV contactless metro card that would make travel a convenient and hassle free experience for commuters in Kochi. Axis Bank has partnered with National Payments Corporation of India (NPCI) in developing this transit EMV contactless specification on interoperable open standards. The prepaid card has integrated benefits and offers a plethora of services to commuters. | |
| 42. |
How many members are appointed be the Oversight Committee of Reserve Bank of India? |
| Answer» Reserve Bank of India announced names of the members of Overseeing Committee. Another three members have been added former L&T Finance Holdings Chairman YM Deosthalee, former Canara Bank chairman MBN Rao, and Securities and Exchange Board of India (SEBI) whole-time member S Raman appointed as new members. | |
| 43. |
The World Bank (WB) has sanctioned how much amount of loan assistance for the Assam State Public Finance Institutional Reforms (ASPIRe) Project? |
| Answer» The World Bank (WB) has approved a loan assistance of $44 million for the Assam State Public Finance Institutional Reforms (ASPIRe) Project. The ASPIRe project is based on three important components that act as pillars for institutional reforms - strengthening public finance institutional capacity, strengthening expenditure and revenue information systems and on project management, monitoring and evaluation, and coordination. The purpose of the project is to improve predictability and transparency in budget execution and efficiency in tax administration in Assam. | |
| 44. |
Which bank bags Skoch's Best Bank in Public Sector award recently? |
| Answer» Vijaya Bank has bagged Skoch's Best Bank in Public Sector award. It received nine Skoch Awards in the following categories -- Best Bank in Public Sector; Best Bank for NPA Management - Organization Category; Retail Lending; Inclusive Wallet - VPAYQWIK; Digital Inclusion; IT Security; e-Surveillance of ATMs and branches; and 100 Digital Villages - Financial Inclusion. | |
| 45. |
Which commits 10 billion to support development of States in India? |
| Answer» The Asian Development Bank (ADB) committed USD 10 billion to support infrastructure building and to cater to the immediate development needs of less-developed States in India. This ready to meet immediate critical infrastructure needs of less developed states like Uttar Pradesh, Bihar, Jharkhand, Odisha and Chhattisgarh over a period of five years. | |
| 46. |
Which bank going to block all Maestro Debit Cards? |
| Answer» Punjab National Bank (PNB) Maestro debit cards holders will face a card blockage if they fail to replace it with a more secure EMV chip based card by the end of July. It will not charge anything for the replacement and it will be provided free of cost. As per RBI advisory, existing magnetic stripe only cards need to be replaced with EMV chip and pin based cards by December 31, 2018, irrespective of the validity period of the cards. | |
| 47. |
This bank terminates joint venture agreement with Fairfax Financial Holdings. |
| Answer» ICICI Lombard General Insurance Company terminates with Canada-based investment firm Fairfax Financial Holdings. The Insurance Regulatory and Development Authority of India (IRDAI) already given its initial approval to Fairfax's new insurance venture. In May 2017, Fairfax Financial Holdings offloaded 12.18 per cent in ICICI General to obtain including Warburg Pincus, Tamarind Capital, and IIFL Special Opportunities Fund, for 2,473 crores. | |
| 48. |
This bank signed a new agreement with Santander in United Kingdom. |
| Answer» Yes Bank signed a Memorandum of Understanding (MoU) in London with Santander to promote India-UK trade and business opportunities. The deal is aimed at Santander UK, a wholly-owned subsidiary of the Spanish Santander Group, offering its clients in Britain access to banking facilities and on-the- ground support through Yes Bank network across India. | |
| 49. |
Which bank approved 329 million loans to build access roads to 4,000 villages in Gujarat? |
| Answer» China-led Asian Infrastructure Investment Bank (AIIB) board approved 329 million loans to build access roads to 4,000 villages in Gujarat. The project will also better integrate rural population, tribal villages, business, and industries with the national and state economy through better transport connectivity. | |
| 50. |
Which bank limited the Customer liability in Online Banking Services recently? |
| Answer» Reserve Bank Of India (RBI) issued directions on 'Customer Protection - Limiting Liability of Customers in unauthorized Electronic Banking Transactions'. If the customers report to the banks regarding the loss they suffer through online banking transactions within three days, then the amount involved will be credited to their accounts within a time period of 10 days. | |