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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.
| 751. |
The World Bank has projected that the Global Economy will witness the deepest ever recession and the economy is expected to shrink by around how much percent in 2020? |
| Answer» The World Bank has projected that the Global Economy will witness the deepest ever recession since the World War II. The economy is expected to shrink by around 5.2% in 2020. This contraction in the economy is the result of shutdowns and lockdowns imposed across the world by economies to contain the COVID-19 pandemic. | |
| 752. |
Which bank has constituted a 8-member panel of leading experts in economics, finance, and health to help ministers, central bank governors identify solutions for Southeast Asian economies to recover after the novel coronavirus pandemic? |
| Answer» Asian Development Bank, a regional development bank has constituted a 8-member high-level panel of leading experts in economics, finance, and health, moderated by ADB Vice-President Ahmed M. Saeed, to help ministers, central bank governors, and other senior officials identify solutions for Southeast Asian economies to tap into to quickly recover after the novel coronavirus (COVID-19) pandemic. | |
| 753. |
World Bank in its latest edition of the Global Economic Prospect June 2020 analytical chapters reports states that India's growth is contract by how much percent for FY20-21? |
| Answer» The Washington based multilateral lender, World Bank in its latest edition of the Global Economic Prospect June 2020 analytical chapters reports states that India's growth is contract by 3.2%(so growth is -3.2%) for FY20-21 .It was lower from 4.2% which forecasted in FY2019-20 at the end of March 2020. The growth forecast is 9 percentage lower than the GEP forecasts from January 2020 when the growth was projected as 5.8%. But it also highlights that country's growth is expected to be 3.1% for the FY 2021-22. | |
| 754. |
World Bank has granted loan of how many Rs. to the West Bengal for tackling coronavirus situation and developmental work? |
| Answer» According to the Chief Minister of West Bengal Mamata Banerjee, the World Bank has granted loan worth of Rs. 1,950 crore to the state for tackling coronavirus situation and developmental work. Out of the total amount, Rs. 1,100 crore will be allocated for creating Industrial infrastructures and the balance Rs. 850 crore will be spent for various Social-Welfare schemes. | |
| 755. |
Which company collaborated with UNDP and Hindustan Coca-Cola Beverages Pvt Ltd for Project Prithvi, a joint initiative for developing sustainable plastic waste management practices? |
| Answer» Recykal, a digital technology company in the waste management space collaborated with United Nations Development Programme and Hindustan Coca-Cola Beverages Pvt Ltd for Project Prithvi, a joint initiative for developing sustainable plastic waste management practices in the country. | |
| 756. |
The Reserve Bank of India has restricted which Bank from granting fresh loans and accepting deposits for six months from June 10, 2020? |
| Answer» The Reserve Bank of India has restricted People's Co-operative Bank located in Kanpur, Uttar Pradesh from granting fresh loans and accepting deposits for six months from June 10, 2020, due to its weak financial position in exercise of powers vested in it under sub section (1) of Section 35 A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949 . The bank is barred from selling, transferring or disposing any of its properties or assets. | |
| 757. |
The State Bank of India has relaunched 'SBI Insta Saving Bank Account',an Aadhaar-based instant digital savings account for customers using the Yono platform. Who is the current chairman of SBI? |
| Answer» The State Bank of India has relaunched 'SBI Insta Saving Bank Account',an Aadhaar-based instant digital savings account for customers using the Yono platform, which will offer a complete paperless and instant digital savings account opening with just PAN and Aadhaar number. | |
| 758. |
Which Indian bank has provided a line of credit of $215.68 million to the Malawi government? |
| Answer» Export-Import Bank of India , a specialized financial institution wholly owned by Government of India ,has provided a line of credit of $215.68 million to the Malawi government. | |
| 759. |
RBI in its Discussion Paper on 'Governance in Commercial Banks in India' proposed to set the upper age limit of CEOs and whole time directors belonging to the promoter group of banks to 70 years and maximum tenure of how many years? |
| Answer» India's central bank, the Reserve Bank of India in its Discussion Paper on 'Governance in Commercial Banks in India' proposed to set the upper age limit of Chief Executive Officers (CEOs) and whole time directors (WTDs) belonging to the promoter group of banks to 70 years and maximum tenure of 10 years. This offer has been made to improve administration in the banking sector. | |
| 760. |
Which Bank has launched 'Insta Flexicash', an online overdraft facility for its pre approved salary account customers? |
| Answer» ICICI Bank has launched 'Insta Flexicash', an online overdraft facility for its pre approved salary account customers, by which these customers can get approval for OD instantly & in a paperless manner. The end-to-end fully digital facility can be accessed with no documentation, using the Bank's internet banking platform without visiting a bank branch. | |
| 761. |
RBI has made some changes to the monitoring structure of Financial Markets Infrastructure and Retail Payment Systems with the aim to ensure the security of the payment structure. Headquarters of RBI is in which state? |
| Answer» India's central bank, the Reserve Bank of India (RBI) has made some changes to the monitoring structure of Financial Markets Infrastructure (FMI) and Retail Payment Systems (RPSs) with the aim to ensure the security and stability of the payment structure. Headquarters of RBI is in Mumbai, Maharashtra. | |
| 762. |
Which Payments Bank launched 'Suraksha Salary Account' for the micro, small and medium enterprises? |
| Answer» Airtel Payments Bank launched 'Suraksha Salary Account' for the micro, small and medium enterprises (MSMEs). The account will enable the MSMEs & other organisations to make cashless payments & provide financial security to their employees. | |
| 763. |
The Reserve Bank of India raised the withdrawal limit from Punjab and Maharashtra Cooperative Bank to how much Rs from Rs 50,000? |
| Answer» The Reserve Bank of India (RBI) raised the withdrawal limit from Punjab and Maharashtra Cooperative (PMC) Bank to Rs 1 lakh from Rs 50,000 but extended the moratorium on the bank for another six months. | |
| 764. |
Ministry of Housing & Urban Affairs has inked MoU with which organisation to make latter as the implementation Agency for PM SVANidhi - a Special Micro-Credit Facility for Street Vendors? |
| Answer» Ministry of Housing & Urban Affairs has inked Memorandum of Understanding with Small Industries Development Bank of India to make latter as the implementation Agency for Prime Minister Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) - a Special Micro-Credit Facility for Street Vendors. | |
| 765. |
Which bank partnered with four insurers namely, SBI Life Insurance Company, the Oriental Insurance Company and Religare Health Insurance Company, Star Health and Allied Insurance Company to offer various insurance products for its customers? |
| Answer» United Commercial Bank(UCO Bank) partnered with four insurers namely, SBI Life Insurance Company, the Oriental Insurance Company and Religare Health Insurance Company, Star Health and Allied Insurance Company to offer various insurance products for its customers. | |
| 766. |
Which Bank has joined hands with Delhi-based fintech startup Affordplan, to launch co-branded healthcare card called 'Swasth Card'? |
| Answer» Yes Bank Limited, an Indian public bank, has joined hands with Delhi-based fintech startup Affordplan, to launch co-branded healthcare card called 'Swasth Card' under Swasth program with the aim to enable families plan and manage their finances for their healthcare needs. | |
| 767. |
Who has been re-nominated as a Part-Time Non-Official Director on RBI Central board for 2 years from 3rd March 2020? |
| Answer» As per Reserve Bank of India(RBI)'s notification, Chairman of the Board of Tata Sons(since January 2017), Natarajan Chandrasekaran has been re-nominated as a Part-Time Non-Official Director on RBI Central board for 2 years from 3rd March 2020 or until further orders, whichever is earlier. The government had 1st nominated him as the Director on RBI Central board for 4 years from March 4, 2016. | |
| 768. |
The Reserve Bank of India extended a special liquidity window for how much Rs to Yes Bank for three months, to help private lenders cover for shortfall in deposits? |
| Answer» The Reserve Bank of India(RBI) extended a special liquidity window for Rs 50,000 crores to Yes Bank for three months, to help private lenders cover for shortfall in deposits. The Yes bank was first provided with a special liquidity window for 3 months in March, which ended in June. The bank has requested for the same facility for one year, against which the RBI has extended for another 3 months. | |
| 769. |
Which Bank launched a new product 'KBL Micro Mitra' for Micro, Small and Medium Enterprises? |
| Answer» Karnataka Bank launched a new product 'KBL Micro Mitra' for Micro, Small and Medium Enterprises(MSMEs). This product will provide financial assistance up to Rs 10 lakhs to the Micro manufacturing and service enterprises for working capital or for investment purposes. | |
| 770. |
The Cabinet has approved an ordinance to bring nearly 1,482 urban and 58 multi state cooperative banks under whose supervision? |
| Answer» The Cabinet has approved an ordinance to bring nearly 1,482 urban and 58 multi state cooperative banks under the Reserve Bank of India's (RBI) supervision. Therefore, RBI's power applied to scheduled banks, will now apply for cooperative banks as well. This information has been revealed by Union Minister of Information and Broadcasting Prakash Javadekar. It will give an assurance to 8.6 crore depositors, who have saved Rs 4.84 lakh crore in these banks, that their money will stay safe. | |
| 771. |
Which Bank launches a digital wallet solution 'Yuva Pay' in partnership with UDMA Technologies Pvt Ltd to enable contactless payments for its customers? |
| Answer» Yes Bank launches a digital wallet solution 'Yuva Pay' in partnership with UDMA Technologies Pvt Ltd to enable contactless payments for its customers. The wallet is issued under minimum Know Your Client (KYC) regulations. | |
| 772. |
According to the 'Annual banking statistics, 2019' report what is India's rank in terms of money parked by its citizens and enterprises with Swiss banks at the end of the year 2019? |
| Answer» According to the 'Annual banking statistics, 2019' released by Switzerland's central bank Swiss National Bank, India is at the 77th position in terms of money parked by its citizens and enterprises with Swiss banks at the end of the year 2019,compared to 74th the previous year i.e 2018. Indians account for only 0.06 % of the money deposited by foreigners in Swiss banks. | |
| 773. |
The World Bank has approved how much loan to improve the quality and governance of school education in six Indian states? |
| Answer» The World Bank has approved a $500 million loan to improve the quality and governance of school education in six Indian states. The approval is given by the Board of Executive Directors. The board approved a loan for Strengthening the Teaching-Learning and Results for States Program. | |
| 774. |
SOLV, a B2B digital platform for MSMEs, has launched a tailor-made credit card in partnership with which Bank? |
| Answer» SOLV, a B2B (business to business) digital platform for Micro, Small and Medium Enterprises (MSMEs), has launched a tailor-made credit card in partnership with Standard Chartered Bank, India. SOLV MSME Credit Card provides MSME clients with a ready means to meet ongoing business expenses including supplier payments, fuel, logistics, purchase of raw material, utility payments and working capital outlays. | |
| 775. |
The RBI has announced that it is to conduct special "Open Market Operations" on 2 July 2020. RBI's special OMO session will see the simultaneous purchase and sale of government securities of how much worth? |
| Answer» The Reserve Bank of India (RBI) has announced that it is to conduct special "Open Market Operations (OMO)" on 2 July 2020. The aim is to pump up liquidity in the financial system. RBI's special OMO session will see the simultaneous purchase and sale of government securities for Rs.10,000 crore. RBI will sell short-term securities, that worth Rs.10,000 crore, that are maturing in the current band next year and purchase long-term securities of an equal amount maturing between 2027 and 2033. | |
| 776. |
Swiggy has launched its own digital wallet, 'Swiggy Money' in partnership with which Bank to enable a 'single-click checkout experience' on its platform? |
| Answer» Swiggy has launched its own digital wallet, 'Swiggy Money' in partnership with ICICI Bank to enable a 'single-click checkout experience' on its platform. It is an industry- first instant digital wallet. The Swiggy Money is powered by ICICI Bank's 'insta wallet service' which is built on a cloud platform with Application Programming Interface (API)integration. | |
| 777. |
Which Bank has launched 'e-Kisaan Dhan' App for Farmers in India? |
| Answer» HDFC Bank has launched 'e-Kisaan Dhan' App for Farmers in India. This app provides information and knowledge to farmers which will help them to meet the needs of the rural ecosystem. With this app, farmers can access a bouquet of services in banking and agriculture, through their mobile phones. | |
| 778. |
Whose term has been extended as the Managing Director and Chief Executive Officer of Union Bank of India by 2 years till May 31, 2022? |
| Answer» Government extends the term of Rajkiran Rai G as the Managing Director and Chief Executive Officer of Union Bank of India by 2 years till May 31, 2022. About Rajkiran Rai G. The 3 year term of Rajkiran Rai G as MD & CEO of UBI was to end on June 30, 2020. He took charge of UBI on July 1, 2017. | |
| 779. |
Who is appointed as the New Managing Director of the Cholamandalam MS General Insurance Company promoted? |
| Answer» The Cholamandalam MS General Insurance Company promoted V Suryanarayanan, President and COO of the company as the New Managing Director (MD) with effect from 1st July 2020 succeeding SS Gopalarathnam. | |
| 780. |
Which bank in partnership with Computer Age Management Services launched 'Insta Loans against Mutual Funds', a facility for retail customers to avail loans upto Rs 1 crore? |
| Answer» ICICI Bank in partnership with Computer Age Management Services(CAMS) launched 'Insta Loans against Mutual Funds', a facility for retail customers to avail loans upto Rs 1 crore instantly by pledging their holdings in both debt and equity Mutual Funds(MFs). | |
| 781. |
Which Bank has joined the Paris (France)-based Network for Greening the Financial System as an observer? |
| Answer» Asian Development Bank (ADB), a regional development bank, has joined the Paris (France)-based Network for Greening the Financial System (NGFS) as an observer. The NGFS is a global forum that brings together central banks and supervisors committed to understanding and managing the financial risks and opportunities associated with climate change. | |
| 782. |
Which Bank announced that it will offer 'ZipDrive', an online instant auto loan to its customers in 1,000 cities? |
| Answer» HDFC Bank announced that it will offer 'ZipDrive', an online instant auto loan to its customers in 1,000 cities. The auto loan disbursal product is only for customers with pre-approved offers. It is a technology-enabled loan product where credit assessment is done by banking software. | |
| 783. |
Which bank has collaborated with Innoviti Payment Solutions Pvt. Ltd. to provide EMI billing options on Debit Cards which are swiped on Innoviti Point of Sale terminals? |
| Answer» Kotak Mahindra Bank (Kotak) and Innoviti Payment Solutions Pvt. Ltd. announced that they have collaborated to provide Equated Monthly Installments(EMI) billing options on Kotak Debit Cards which are swiped on Innoviti Point of Sale(POS) terminals. | |
| 784. |
Which Bank launched 'Bhavishya', a savings account scheme for minors aged between 10-18 years? |
| Answer» Fino Payments Bank Limited launched 'Bhavishya', a savings account scheme for minors aged between 10-18 years. The subscription-based savings account aims to inculcate banking and saving habits in childrens. | |
| 785. |
Which Insurance Company associated with BOB Financial Services Limited a wholly owned subsidiary of Bank of Baroda to offer a group insurance cover? |
| Answer» IndiaFirst Life Insurance Company Limited (IndiaFirst Life) associated with BOB Financial Services Limited (BOB Financial), a wholly owned subsidiary of Bank of Baroda(BOB) to offer a group insurance cover. The cover will provide financial support to the BOB credit card customers upon their hospitalisation or on COVID-19 diagnosis. | |
| 786. |
Which bank launched a digital solution, 'Loan in Seconds' for instant disbursement of retail loans? |
| Answer» YES Bank launched a digital solution, 'Loan in Seconds' for instant disbursement of retail loans. It is available for the bank's pre-approved liability account holders. The algorithm evaluates the loan application in real-time and eliminates the need for documentation. | |
| 787. |
Which Bank has partnered with Mastercard to enable its customers to make real-time domestic & cross-border payments and remittances quickly and efficiently through 'Mastercard Send'? |
| Answer» SBM Bank India has partnered with Mastercard to enable its customers to make real-time domestic & cross-border payments(Business to Consumer- B2C) and remittances quickly and efficiently through 'Mastercard Send'. This partnership allows the bank's customer base to offer quick, convenient and secure payments experiences. | |
| 788. |
Which Bank and Google Cloud have proposed to enter into a strategic, multi-year partnership? |
| Answer» Deutsche Bank and Google Cloud have proposed to enter into a strategic, multi-year partnership. The partnership focuses on redefining how the bank develops and offers its financial services. | |
| 789. |
Which Bank in India has joined hands with Star Health and Allied Insurance Co Ltd for bancassurance? |
| Answer» Karur Vysya Bank, a Scheduled Commercial Bank in India has joined hands with Star Health and Allied Insurance Co Ltd for bancassurance (selling of life assurance and other insurance products and services by bank). | |
| 790. |
Which bank has released USD 50 million in the first tranche of assistance to L&T Infrastructure Finance Ltd, to fund renewable Energy Projects in India? |
| Answer» Asian Infrastructure Investment Bank(AIIB) has released USD 50 million in the first tranche of assistance to L&T Infrastructure Finance Ltd(LTIF), to fund renewable Energy Projects in the country. The released amount is part of a sanctioned USD 100 million External Commercial Borrowing(ECB) loan. | |
| 791. |
Which Bank in India has joined hands with Bajaj Allianz Life Insurance for bancassurance? |
| Answer» Karur Vysya Bank, a Scheduled Commercial Bank in India has joined hands with Bajaj Allianz Life Insurance for bancassurance (selling of life assurance and other insurance products and services by bank). | |
| 792. |
Which rate has been cut overall since February 2019 by 250 basis points in India? |
| Answer» The RBI Governor said repo rate has been cut overall since February 2019 by 250 basis points to alleviate liquidity stress and provide financial stability in the economy. The main aim behind the move was to tackle the economic growth slowdown. | |
| 793. |
Who has been reappointed as the managing Director and Chief Executive officer of Federal bank Limited with effect from September 23, 2020 till September 22, 2021? |
| Answer» The Reserve Bank of India (RBI) approved the reappointment of Shyam Srinivasan as the managing Director and Chief Executive officer of Federal bank Limited with effect from September 23, 2020 till September 22, 2021. | |
| 794. |
National Bank for Agriculture and Rural Development launched development projects of how much worth in Andaman and Nicobar Islands to strengthen the Atmanirbhar Bharat through rural entrepreneurship? |
| Answer» National Bank for Agriculture and Rural Development(NABARD) launched development projects of Rs 44 lakhs in Andaman and Nicobar Islands to strengthen the Atmanirbhar Bharat through rural entrepreneurship. | |
| 795. |
Which bank launched nationwide Corporate Social Responsibility (CSR) campaign to prevent the spread of COVID-19 by distributing face masks and sanitizers? |
| Answer» Union Minister of Health and Family Welfare, Harsh Vardhan launched Punjab National Bank (PNB)'s nationwide Corporate Social Responsibility(CSR) campaign to prevent the spread of COVID-19 by distributing face masks and sanitizers. | |
| 796. |
Which company has collaborated with Fiserv, Inc. for digital transformation? |
| Answer» BOB Financial Solutions Limited (BFSL) has chosen Fiserv, Inc. to enable the digitization of their end-to-end card issuance and processing cycle and support the launch of several new and high-tech products including contactless credit cards, virtual credit cards among others. For this purpose, BFSL will utilize Fiserv's FirstVisionTM, an end-to-end managed services solution. | |
| 797. |
FamPay launched India's 1st numberless card in association with which bank? |
| Answer» FamPay, India's first Neobank for teenagers, in partnership with IDFC First Bank launched India's 1st numberless card, FamCard. FamPay with National Payments Corporation of India(NPCI) developed this card. | |
| 798. |
Which bank has announced a corporate agency agreement with Life Insurance Corporation of India (LIC) to distribute latter's policies? |
| Answer» Union Bank of India (UBI), after its amalgamation with Corporation Bank and Andhra Bank, has announced a corporate agency agreement with Life Insurance Corporation of India (LIC) to distribute latter's policies. | |
| 799. |
Which bank launched 'Insta Click Savings Account', a 100% paperless digital self-assisted online savings account? |
| Answer» India's third-largest public sector bank, Bank of Baroda (BoB) launched 'Insta Click Savings Account', a 100% paperless digital self-assisted online savings account. It can be activated in real-time i.e; the customer can transact using the Baroda M Connect Plus application with the MPIN received on the mobile number. | |
| 800. |
Which two organizations agreed to partner toward the "Green Recovery? |
| Answer» The Asian Development Bank (ADB) and the Green Climate Fund (GCF) agreed to partner toward the "Green Recovery". This is to help hands for the people who are facing the harsh economic impact due to COVID-19 pandemic. | |