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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.
| 801. |
Which general insurance company launched crop insurance campaign,'Bohot Zaroori Hai' for farmers in Maharashtra and Karnataka? |
| Answer» Bharti AXA General Insurance has launched its crop insurance campaign,'Bohot Zaroori Hai' for farmers in Maharashtra and Karnataka to encourage them about their yield protection and financial security. It aims to create awareness to farming communities about the relevance and significance of crop insurance, which can alleviate rural distress caused by crop failure or damage due to unseasonal rains, monsoon failure among others | |
| 802. |
Indian Railways and this bank launched a Contactless Credit Card on RuPay Platform, recently. |
| Answer» IRCTC of Indian Railways and SBI Card has launched Co-branded Contactless Credit Card on RuPay Platform. It is in line with Aatma Nirbhar Bharat, Digital India, and Make In India mission. The new credit card is dedicated to the service of India the Union Minister of Railways and Commerce & Industry Piyush Goyal. | |
| 803. |
Which Indian bank provided liquidity support of USD 16.20 million as a COVID-relief for the Government of Maldives to overcome liquidity shortage? |
| Answer» On the occasion of Independence Day of the Maldives on July 26, 2020, the largest Indian public sector bank, State Bank of India (SBI) provided liquidity support of USD 16.20 million as a COVID-relief for the Government of Maldives to overcome liquidity shortage. The fund will support economic relief measures by utilizing it for local businesses and defers loan repayment for over 200 retail accounts. | |
| 804. |
Which bank launched the 'Kona Kona Umeed' campaign recently? |
| Answer» Kotak Mahindra Bank has launched a special two-month campaign, 'Kona Kona Umeed' with offers and discounts across its suiteof products to make banking and shopping more rewarding for the customers so as to boost consumer demand and lift people's enthusiasm during this pandemic situation. | |
| 805. |
The 'mpay.me' is the UPI payment link launched by which digital payment company? |
| Answer» MobiKwik launched mpay.me, a Unified Payment Interface (UPI) payment link service that allows users to send and receive moneyfrom any UPI payment app. Through mpay.me, users and merchants can set up a personalized link using their mobile number. The link can be created through the MobiKwik app or the MobiKwik website and can be shared anywhere with anyone over chat, SMS, email etc. mpay.me accepts payments from all UPI apps such as MobiKwik, GooglePay, PhonePe and Paytm among others. | |
| 806. |
__________ and Innoviti Payment Solutions launched the New Credit Card Equated Monthly Installments(EMI) offering on Point of Sale(POS) terminals. |
| Answer» BOB Financial Solutions Limited partnered with Innoviti Payment Solutions Pvt. Ltd to launch the New Credit Card Equated Monthly Installments(EMI) offering on Point of Sale(POS) terminals. The association of Bank of Baroda(BOB) Credit Card with Innoviti Payment Solutions will enable BOB credit card holders to access EMIs that can be repaid conveniently through their credit cards. The Bank of Baroda credit cardholders pan India can receive the service from over 70,000 Innoviti POS terminals across more than 1,000 cities. | |
| 807. |
Which bank join hands with 3 insurers to Provide Individual Short-Term Corona Kavach Policy? |
| Answer» As part of a social commitment to compensate the unprecedented expenses of ordinary people, Canara bank has partnered with 3 insurers namely, New India Assurance Company Ltd, Bajaj Allianz General Insurance Co Ltd and HDFC ERGO Health Insurance to offer individual short-term Corona Kavach policy to cover their COVID-19 related health expenses. | |
| 808. |
Which company partnered with Innoviti Payment Solutions Pvt. Ltd to launch the new credit card Equated Monthly Installments offering on POS terminals? |
| Answer» BOB Financial Solutions Limited partnered with Innoviti Payment Solutions Pvt. Ltd to launch New Credit Card Equated Monthly Installments(EMI) offering on Point of Sale(POS) terminals. The association of Bank of Baroda(BOB) Credit Card with Innoviti Payment Solutions will enable BOB credit card holders to access EMIs that can be repaid conveniently through their credit cards. | |
| 809. |
Which bank saw maximum fraud cases according to a report given by PSBs to RBI? |
| Answer» The country's largest lender SBI saw the highest number of fraud cases; However, Bank of India was the worst hit in terms of value. | |
| 810. |
Who Appointed Sashidhar Jagdishan as Next MD & CEO of HDFC Bank? |
| Answer» The Reserve Bank of India(RBI) has approved Sashidhar Jagdishan as the next Managing Director(MD) and Chief Executive Officer(CEO) of HDFC Bank for a period of 3 years, effective from October 27, 2020 under Section 35B of the Banking Regulation Act 1949. | |
| 811. |
Which Bank Partnered with 3 insurers to Provide Individual Short-Term Corona Kavach Policy? |
| Answer» As part of a social commitment to compensate the unprecedented expenses of ordinary people, Canara bank has partnered with 3 insurers namely, New India Assurance Company Ltd, Bajaj Allianz General Insurance Co Ltd and HDFC ERGO Health Insurance Co Ltd to offer individual short-term Corona Kavach policy to cover their COVID-19 related health expenses. | |
| 812. |
Which Bank unveils AXAA, an AI powered conversational banking IVR? |
| Answer» Axis Bank has partnered Bengaluru startup Vernacular.ai,an AI-based SaaS voice automation platform,to deploy multi-lingual BOT AXAA on its phone banking Interactive voice response (IVR) which helps to increase automation in customer service. | |
| 813. |
Which bank and Infosys Finacle announced the bank's decision to adopt the Finacle Cash Management Suite to digitally transform its transaction banking business? |
| Answer» National Bank of Bahrain (NBB) and Infosys Finacle announced the bank's decision to adopt the Finacle Cash Management Suite to digitally transform its transaction banking business. NBB will be implementing the Finacle Liquidity Management Platform and upgrading its existing Finacle Corporate Online Banking platform to a full-edged Digital Engagement Suite. This partnership comes as part of NBB's digital transformation, with the upgrades provided by the suite set to equip the bank with a modern system. | |
| 814. |
Who launched an Innovation Hub for Financial Inclusion, recently? |
| Answer» The Reserve Bank of India launched "Innovation Hub" for ideation and incubation of new capabilities that can be leveraged to deepen financial inclusion. The hub is being launched to promote the start ups in the country. It will help in ideation and incubation of new capabilities. This will in turn help to deepen financial inclusion in the country and promote efficient banking services. | |
| 815. |
Which Bank extends USD 250 million line of credit to Mozambique? |
| Answer» On August 3rd, 2020 Export-Import Bank on behalf of Indian Government, extended a Line of Credit of USD 250 million (about Rs. 1,870 Crores) to Mozambique to improve the power supply quality of the country. | |
| 816. |
Which bank has signed USD 200 mn financing deal with Reliance Bangladesh LNG and Power Limited for 718 mw power plant in Bangladesh? |
| Answer» The Asian Development Bank (ADB) has signed a USD 200 million financing deal with the Reliance Bangladesh LNG and Power Limited (RBLPL) to build and operate a 718 megawatt combined-cycle gas-fired power plant in Bangladesh. The project will reduce the current energy deficit and lead to more private sector investment in the country’s electricity sector. | |
| 817. |
How much percent LIC acquired as Stake of YES Bank? |
| Answer» Life Insurance Corporation of India(LIC) has acquired 4.23% Stake(105.98 crore shares) of YES Bank by purchasing from the open market. With this acquisition, the hold of LIC in YES Bank has increased from 0.75%(19 crore shares) to 4.98%(125 crore shares). | |
| 818. |
Who revised IFSC guidelines, 2015' eligibility, shareholding limit for clearing corp at IFSC? |
| Answer» On August 7, 2020, the Securities and Exchange Board of India (SEBI) amended the clause 4 (2) of SEBI international financial services centre (IFSC) guidelines, 2015 pertaining to eligibility criteria and shareholding limit for clearing corporations that wish to operate in such centres. | |
| 819. |
Who Extends the Credit Guarantee Scheme to Large Firms & Self Employed? |
| Answer» On 8th August 2020, Finance Minister Nirmala Sitharaman announced that the Central Government have extended its Emergency Credit Line Guarantee Scheme (ECLGS), credit guarantee scheme for the micro, small and medium enterprises(MSME), to cover the loans given to the large firms, self-employed professionals and people who have taken a loan for business purpose. | |
| 820. |
Which Bank India Collaborated with InstaReM to Enhance Outbound Remittance Experience from India? |
| Answer» SBM Bank (India) Limited (SBM Bank India) has collaborated with InstaReM to enhance the existing outbound remittance service offerings from India, including introduction of new remittance corridors, increased frequency of transactions for outbound Transactions and improved delivery timings for transfers. | |
| 821. |
Which Bank obtained RBI's in-principle Nod to Set up Non-Financial Subsidiary? |
| Answer» South Indian Bank(SIB) has obtained in-principle approval from the Reserve Bank of India(RBI) to set up a wholly owned non- financial subsidiary for undertaking activities permitted by RBI. After SIB completes the relevant formalities and receives final approval from the regulators the subsidiary will commence its operations. | |
| 822. |
Who Mandates System-based Asset Classification for Urban Co-operative Banks (UCBs)? |
| Answer» On August 12, 2020, the Reserve Bank of India (RBI) has mandated the urban co-operative banks (UCBs) with assets of Rs 2,000 crore or above as on March 31, 2020 to implement system-based asset classification from 30 June 2021. | |
| 823. |
Which Bank Partnered with Fiserv, Inc. to Support Launch of their 1st Independent Credit Card? |
| Answer» Federal Bank has partnered with Fiserv, Inc. to enable the digitization of it's end-to-end card issuance and processing cycle to support the launch of the Federal Bank credit card, their 1st Independent Credit Card. | |
| 824. |
Who Tightens Norms for Core Investment Companies; Formation of Group Risk Management Committee Mandated? |
| Answer» On August 13, 2020, the Reserve Bank of India (RBI) has revised the guidelines applicable for Core Investment Companies (CICs) on the basis of the recommendations of the Working Group (WG) to Review the Regulatory and Supervisory Framework for Core Investment Companies (CICs), constituted under the Chairmanship of Tapan Ray, former Secretary, Ministry of Corporate Affairs (MCA). | |
| 825. |
Which bank rolls out "KCC (Kisan Credit Card) Review option" for Farmers? |
| Answer» State Bank of India(SBI) has launched "KCC (Kisan Credit Card) Review option" on its digital agricultural solution platform, YONO ("You Only Need One") Krishi. With this application the farmers can access their KCC limit in the virtual platform. It is expected to benefit more than 75 Lakh Farmers who have Kisan Credit Card accounts with SBI. The Farmers will no longer need to visit the bank branch physically to apply for a revision in their KCC limit. | |
| 826. |
which Bank Virtually Launched 'Shaurya KGC Card', a First-of-its-Kind Card for Indian Armed Forces? |
| Answer» On August 14, 2020 Aditya Puri, Managing Director of HDFC Bank, launched digitally the 1st of its kind card, 'Shaurya KGC(Kisan Gold Credit) Card', a tri color themed card for Indian armed forces personnel, i.e, Army, Navy, Air force and Para military forces and their families. | |
| 827. |
Which bank launches campaign named 'DIGITAL APNAYEN'? |
| Answer» Punjab National Bank has launched a campaign named 'DIGITAL APNAYEN' to encourage customers to use digital banking channels. PNB will contribute Rs 5 towards the PM CARES Fund on behalf of each customer conducting the first financial transaction to activate their RuPay Debit card either on point of sale (PoS) or e-commerce platform, under the campaign 'DIGITAL APNAYEN'. | |
| 828. |
Which Bank Bank launches "Shaurya KGC Card" for agriculture loans for military and paramilitary professionals? |
| Answer» HDFC Bank launched "Shaurya KGC Card" that will offer agriculture loans for military and paramilitary professionals. The product will target 5 lakh military and paramilitary professionals, for catering to their family's agricultural needs. "Shaurya KGC Card" entails both short-term loans for cropping and also long-term ones for farm investments for a period of up to five years which will be reviewed at regular intervals. It also offers a life insurance cover with limit of Rs 10 lakh. | |
| 829. |
Which bank Appointed Prashant Joshi as MD and Head of National Distribution? |
| Answer» DBS Bank India Ltd has appointed Prashant Joshi as Managing Director(MD) and Head of National Distribution. He will report to Surojit Shome, Managing Director and CEO of DBS Bank India Limited. | |
| 830. |
RBI's Central Board headed by Shaktikanta Das approved a dividend of how much to Central Govt? |
| Answer» The 584th meeting of the Central Board of Reserve of Board(RBI) under the Chairmanship of Governor Shaktikanta Das approved the transfer of Rs 57,128 crore in surplus as dividend to the Central government for the accounting year 2019-20. | |
| 831. |
Which bank launched 'DIGITAL APNAYEN', a campaign to promote Digital Banking? |
| Answer» On August 15, 2020 S S Mallikarjuna Rao, Managing Director and Chief Executive Officer of Punjab National Bank(PNB) launched a campaign, 'DIGITAL APNAYEN' to encourage customers to use digital banking channels and participate in the noble cause of donating to PM CARES Fund for COVID-19. | |
| 832. |
Which insurance company entered into bancassurance partnership with SBM Bank India? |
| Answer» Bharti AXA Life Insurance has entered into a bancassurance partnership with SBM Bank (India) Limited (SBM Bank India). Through this partnership, Bharti AXA Life Insurance will offer its entire suite of life insurance products, including protection, health, savings and investment plans, to the customers of SBM Private Wealth, the retail banking arm of SBM Bank India. | |
| 833. |
Who approved USD 1 billion loan for Delhi-Meerut Regional Rapid Transit System, a 1st of its kind in India? |
| Answer» The Asian Development Bank (ADB) has approved a USD 1 billion (about Rs 7,485 crore) loan to construct the modern, high-speed 82-kilometer Delhi - Meerut, Uttar Pradesh Regional Rapid Transit System (RRTS) in India, a first of its kind in India. | |
| 834. |
Which bank launched 'Jan Bachat Khata', an aadhaar Authentication Based Digital Savings Account? |
| Answer» Fino Payments Bank Limited(Ltd) launched Jan Bachat Khata (JBK), an Aadhaar authentication based digital savings account for its customers. JBK will bring neo-banking experience to the consumers. | |
| 835. |
Who released framework for authorisation of Pan-India umbrella entity for retail payments? |
| Answer» On August 18, 2020, Reserve Bank of India (RBI) released the "Framework for authorisation of pan-India Umbrella Entity for Retail Payments" on the lines of the feedback received on the "draft framework for authorisation of a pan-India New Umbrella Entity for Retail Payment Systems" which was placed on Reserve Bank's website on February 10, 2020 for public comments. | |
| 836. |
Which bank in partnership with KFin Technologies launched 'Loan against Securities' to provide complete Digital loan against Mutual Fund? |
| Answer» Yes Bank in partnership with KFin Technologies Private Limited has launched 'Loan against Securities', a unique digital solution that enables customers to lien mark their mutual funds digitally and avail quick and hassle-free loans. The digital solution is launched under YES BANK's 'Loan in Seconds' platform, which allows the customers to set an instant credit limit against securities held. | |
| 837. |
Which bank has launched 'LAKSHMI digiGO', a contactless digital initiative that will enable customers to open a savings account instantly? |
| Answer» Lakshmi Vilas Bank(LVB) has launched 'LAKSHMI digiGO', a contactless digital initiative that will enable customers to open a savings account instantly. This initiative will help people to avail the most required banking services instantly through the website on account of COVID-19 pandemic. | |
| 838. |
Which is the 1st foreign bank to launch a 'Green Deposit Programme 'in India? |
| Answer» HSBC India becomes 1st Foreign Bank in India to launch a 'Green Deposit Programme' exclusively for corporate clients to finance green initiatives and eco-friendly projects like renewable energy, clean transportation, and pollution prevention among others, that promote transition to a low-carbon, climate resilient and sustainable economy. This will enable companies to support environmentally-beneficial projects. | |
| 839. |
Who issues revised priority sector lending guidelines to increase credit penetration? |
| Answer» Reserve Bank of India (RBI) released revised Priority Sector Lending (PSL) guidelines, which will enable better credit penetration in credit-deficient areas, increase loans for small and marginal farmers, and boost loans towards renewable energy and health infrastructure. | |
| 840. |
ICICI Lambord Signed Definitive Agreements to Merge their Insurance Businesses with which company? |
| Answer» ICICI Lombard General Insurance Co. Ltd.(ICICI Lombard) and Bharti AXA General Insurance Co. Ltd.(Bharti AXA) have signed definitive agreements to merge their insurance business. | |
| 841. |
Which Bank Partnered with Accenture to Accelerate its Digital Transformation? |
| Answer» RBL Bank has entered into a strategic partnership with Accenture to transform and enhance the future readiness of the bank's Information Technology (IT) systems and accelerate its digital transformation journey. The alliance will enable RBL Bank to offer next-generation banking services, boost the resilience and scalability of its systems and business processes, and also to improve its operational efficiency. | |
| 842. |
Who Appointed as Managing Director of SBI? |
| Answer» The Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi appointed Ashwani Bhatia, Deputy Managing Director (DMD), State Bank of India (SBI) as the Managing Director (MD) of SBI, effective from his date of assumption upto the date of his superannuation(May 31, 2022) or until further orders, whichever is earlier. | |
| 843. |
Name the bank which has launched a "Green Deposit Programme" exclusively for corporate clients to finance green initiatives and environment friendly projects? |
| Answer» HSBC India on Thursday launched its 'Green Deposit Programme' for corporate clients. Under this new initiative bank will finance green initiatives such as renewable energy, clean transportation, pollution prevention and control, green building, sustainable water, waste water management and others, providing a simple way for companies to support environmentally-beneficial projects. | |
| 844. |
Which Bank Partners with AddaCorner to Launch 'Online Home Carnival'? |
| Answer» State Bank of India (SBI) has partnered with India's First Real-Time Group Negotiation E-Platform, AddaCorner to launch 'Online Home Carnival', which will help in boosting the Real Estate market in Bangalore. Along with the launch of 'Online Home Carnival', AddaCorner was also launched. | |
| 845. |
Which bank partnered with Innoviti to provide affordable options of Federal Bank debit cards by Innoviti POS terminals? |
| Answer» To provide convenient and affordable options of Federal Bank Debit Cards through Innoviti Point of Sale (POS)terminals, the Federal Bank and Innoviti Payment Solutions Pvt. Ltd(Innoviti) have entered into a partnership, which will offer Equated Monthly Installments(EMIs) options to over 7.5 million Federal Bank Debit Card holders at over 70,000 Innoviti POS terminals across 1000 cities. | |
| 846. |
Which bank becomes the 1st Bank in India to use satellite data to Assess Credit Worthiness of Farmers? |
| Answer» ICICI Bank uses satellite data(imagery from Earth observation satellites) to assess credit worthiness of farmers. ICICI Bank has become the 1st bank in India to use such a technique to measure an array of parameters related to the land, irrigation and crop patterns and use it in combination with demographic and financial parameters to make quick lending decisions for farmers. | |
| 847. |
Which bank is to acquire 17% instead of 29% in Max Life Insurance? |
| Answer» Axis Bank Ltd(Axis Bank) to acquire 17%(17.002%) of the equity share capital in Max Life Insurance(Max Life), instead of 29%. After the transaction, the total ownership of Axis bank in Max Life will be 18%. The parties have executed definitive agreements. | |
| 848. |
Goals101.ai Partnered to create Targeted and Personalised Offers for bank cardholders with which company? |
| Answer» Mastercard has entered into an alliance with Goals101.ai, the leading bank-tech and Artificial Intelligence(AI) company. Through this alliance, Goals101.ai connects merchants and issuers using big data, AI and automation to create targeted and personalized offers for Bank cardholders. This helps banks to improve their communications performance and makes the banking experience more personalized, real-time and relevant for their customers. | |
| 849. |
Which bank introduced 'Liberty Savings Account' for the Indian Youth? |
| Answer» Axis Bank, India's third-largest private sector bank, has introduced 'Liberty Savings Account' for the Indian Youth, to address the ever changing lifestyle needs of young and digitally interested Indians. It offers a complimentary hospital cash insurance cover of upto Rs 20,000 per year, which covers hospital expenses incurred under COVID -19, which makes this a 1st of its kind savings account to cover the pandemic. | |
| 850. |
Which bank announced purchase & sale of Govt securities under OMO worth Rs 20,000 crore? |
| Answer» On August 25, 2020, Reserve Bank of India (RBI) announced a simultaneous purchase and sale of government securities (G-Secs) under open market operations (OMO) for an aggregate amount of Rs 20,000 crore in two equal tranches of Rs 10,000 crore on August 27, 2020 and September 03, 2020 on account of current and evolving liquidity and market conditions. | |