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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.
| 901. |
Which bank has approved the appointment of a three-member interim committee of directors? |
| Answer» The Reserve Bank of India (RBI) has approved the appointment of a three-member interim committee of directors, headed by G Subramonia Iyer, to run the private sector bank after the shareholders voted out Sunil Gurbaxani, Managing Director and Chief Executive Officer | |
| 902. |
Which organisation launched special refinance facility for WASH programme? |
| Answer» The National Bank for Agriculture and Rural Development (NABARD) has announced a special refinance facility of Rs 800 crore for Fiscal Year 2021. With this, NABARD will support the Government of India's Water, Sanitisation and Hygiene (WASH) programme. | |
| 903. |
Which bank introduced special Kisan Credit Card loan to fishermen? |
| Answer» Chennai-headquartered Indian Bank has introduced a Kisan credit card loan scheme for Tamil Nadu fishermen. Under this scheme, Kisan credit card loan up to Rs.2.00 lakhs as a working capital loan with low interest rate will be provided. Fishermen can submit the application through the Department of Fisheries along with details of the mechanized Boat. | |
| 904. |
Which Bank appointed Charanjit Attra as CFO? |
| Answer» The State Bank of India (SBI) has appointed Charanjit Singh Attra as its new Chief Financial Officer (CFO) with effect from 01 October 2020. The post was lying vacant after the former Deputy MD & CFO Prashant Kumar, was appointed as the CEO of Yes Bank in March 2020. C Venkat Nageshwar was serving the post on interim capacity. Attra is a former Partner at global consulting firm EY India and had also served as the CFO at the ICICI Securities. | |
| 905. |
Which bank approved appointment of CoD to run Dhanlaxmi Bank till appointment of CEO? |
| Answer» The Reserve Bank of India (RBI) has approved a three-member interim committee of directors (CoD), to run the private sector lender, Dhanlaxmi Bank, in the capacity of the Managing Director & CEO till a new MD & CEO takes charge This decision was taken after the shareholders voted out the bank's MD and CEO Sunil Gurbaxani on 30 September 2020. | |
| 906. |
Which bank launched financial inclusion, literacy initiative Gram Sampark Abhiyan? |
| Answer» State-owned Punjab National Bank (PNB) launched a financial inclusion and literacy initiative 'Gram Sampark Abhiyan' to commemorate the 150th birth anniversary of Mahatma Gandhi. The nationwide campaign was launched by Minister of Agriculture and Farmers Welfare Narendra Singh Tomar, PNB said in a statement. | |
| 907. |
BOB Financial Solution Limited partnered with which company to launch four new variants of BOB Credit Cards? |
| Answer» Bank of Baroda Financial Solution(BFSL), a subsidiary of Bank of Baroda(BOB) has partnered with MasterCard to launch four new variants of BOB Credit Cards. The Credit Card will serve customers across different economic segments including affluent customers, first - time credit card owners, two variants exclusively for Chartered Accountants, and Cost & Management Accountants. | |
| 908. |
Gram Sampark Abhiyan is the financial inclusion initiative of which bank? |
| Answer» Punjab National Bank (PNB) has launched a 3 months long nationwide campaign of financial inclusion and literacy initiative "Gram Sampark Abhiyan". It was launched by Minister of Agriculture and Farmers and Welfare Narendra Singh Tomar on the lines of "Aatmanirbhar Bharat'. | |
| 909. |
Which organisation expected India's GDP to contract by 9.6% in FY-21? |
| Answer» The World Bank projected India's GDP to contract by 9.6% this FY-21, which is reflective of the national lockdown and the income shock experienced by households and firms due to the COVID-19 pandemic. The World Bank earlier in June had estimated the Indian economy to shrink by 3.2% in the current fiscal. | |
| 910. |
Which bank released its 3rd bi-monthly monetary policy statement 2020-21? |
| Answer» The Monetary Policy Committee of the Reserve Bank of India met on 7th, 8th and 9th October for its third meeting of 2020-21. Reserve Bank of India (RBI) governor Shaktikanta Das has announced crucial policy decisions at the Bank's 3rd bi-monthly monetary policy. | |
| 911. |
Dinesh Kumar Khara became the new Chairman of which bank? |
| Answer» The government of India has appointed Dinesh Kumar Khara as the new Chairman of State Bank of India for a period of three years. His appointment is effective from October 7. Currently, Khara is the Managing Director in-charge of Global Banking & Subsidiaries. The Banks Board Bureau (BBB) had recommended Khara for the post of Chairman of SBI on August 28, ruling out an extension to Rajnish Kumar, whose term is ending on October 6. | |
| 912. |
Which bank offered debit card for customers availing LAS? |
| Answer» ICICI bank has launched a debit card facility for the customers availing the Loan Against Securities (LAS) from the Bank. The debit card is available on the Visa platform. With this launch, ICICI Bank has become the first bank in India to launch such a facility. The LAS debit can be used by customers across all domestic merchant establishments to make seamless POS and online transactions like payments on e-commerce portals among others, using their sanctioned LAS amount. | |
| 913. |
AEPL is to receive $15 Million from which bank to expand its solar portfolio? |
| Answer» The Asian Development Bank (ADB) announced that it has signed an agreement to invest $15 million in Avaada Energy Private Limited (AEPL) to help expand the company's solar generation capacity in the country. According to its press release, this investment will come from ADB's Ordinary Capital Resources and from Leading Asia's Private Infrastructure Fund (LEAP), with both funds investing $7.5 million each. | |
| 914. |
J Venkatramu has been appointed as MD and CEO of which bank? |
| Answer» J Venkatramu has been appointed the managing director and chief executive officer of India Post Payments Bank (IPPB). He will succeed Suresh Sethi, who served the post till March 2020. Venkatramuis presently working as the chief digital officer in Equitas Small Finance Bank. He has been appointed to the post of MD and CEO of IPPB for a period of three years. | |
| 915. |
Which authority launched online startup platform 'Startup India Showcase'? |
| Answer» The Department for Promotion of Industry and Internal Trade (DPIIT) has launched an online discovery platform for startups called "Startup India Showcase". The main aim of this website is to make a repository of India's most promising startups that have proved their capabilities, from across sectors such as fintech, enterprise tech, social impact, health tech, and edutech, among others. | |
| 916. |
The Centre has appointed M Rajeshwar Rao as the new deputy governor of which bank? |
| Answer» The Centre has appointed M Rajeshwar Rao as the new deputy governor of the Reserve Bank of India on 7th October 2020. Prior to this, M Rajeshwar Rao was an executive director at RBI. He succeeds NS Vishwanathan as the central bank's fourth deputy governor. NS Vishwanathan resigned from the post in March 2020 before the completion of his term in June, citing health reasons. | |
| 917. |
Which bank tied-up with Vistara to launch co-branded forex card? |
| Answer» Axis Bank in partnership with India's full-service carrier, Vistara launched a Co-Branded Forex Card, 'Axis Bank Club Vistara Forex Card' to cater to the needs of international travellers. This is the 1st-ever collaboration by a bank and an Indian airline for a co-branded forex card. | |
| 918. |
NABARD inked 3 MoUs with which Bank to extend credit support? |
| Answer» National Bank for Agriculture and Rural Development (NABARD) has inked three Memorandum of Understanding (MoU) with State Bank of India (SBI) to extend credit support for various NABARD projects. | |
| 919. |
Which authority fixes sovereign gold bond issue price at Rs 5,051 per gram of gold? |
| Answer» The issue price for the sovereign gold bond has been fixed at Rs 5,051 per gram of gold, the Reserve Bank of India (RBI) said in a statement on Friday. The Sovereign Gold Bond Scheme 2020-21-Series VII will be opened for subscription from October 12 to October 16. | |
| 920. |
Which bank said that a long moratorium exceeding six months can impact the credit behaviour of borrowers and increase the risks of delinquencies post resumption of scheduled payments? |
| Answer» The Reserve Bank of India, in an affidavit, filed before Supreme Court in the loan moratorium case, said that it would not be possible to give more time as a relief for sectors hit by the coronavirus pandemic. The Centre made it clear that further relief is not possible beyond waiver of interest-on-interest for certain categories of loan account having borrowing up to Rs 2 crore. | |
| 921. |
What is the Current Repo Rate of India? |
| Answer» The Policy Repo Rate is 4.00%, Reverse Repo Rate 3.35%, Marginal Standing Facility(MSF) Rate 4.25%, Bank Rate 4.25%. | |
| 922. |
What is the projected GDP of India in FY21 as per RBI's Monetary Policy Committee(MPC) meeting(October 2020)? |
| Answer» The 6 member 25th Monetary Policy Committee (MPC) meeting of Reserve Bank of India(RBI) was held from October 7-9,2020 which was headed by RBI Governor Shaktikant Das.During the meeting it was projected that the economy will contract by 9.5%in 2020-2021 amid COVID -19 with risks tilted to the downside : (-)9.8% in Q2/2020-21, (-)5.6% in the third quarter, and 0.5% in the fourth quarter. | |
| 923. |
Who approved 300 million US dollar loan for Rajasthan's water supply? |
| Answer» India and the Asian Development Bank (ADB) has signed a 300 million US dollar loan to finance inclusive and sustainable water supply and sanitation infrastructure and services in 14 secondary towns of the state of Rajasthan. The project aims at providing better quality and more sustainable Water Supply and Sanitation (WSS) services in the project towns. it will improve quality of life in these towns, including for the poor and vulnerable after signing the loan agreement. | |
| 924. |
Which bank extended $400 mn Line of Credit to the Maldives? |
| Answer» The Export-Import Bank of India (Exim Bank) has extended a $400 million Line of Credit (LoC) for the Greater Male Connectivity Project in the Maldives. The LoC was signed between Exim Bank General Manager Nirmit Ved and the Maldives Finance Minister Ibrahim Ameer. | |
| 925. |
Which bank aggregated exposure limit for small businesses? |
| Answer» Reserve Bank of India (RBI) has raised the banks' maximum aggregate retail exposure limit to entities with turnover up to Rs 50 crore to Rs 7.5 crore. Earlier this limit was Rs 5 crore. The decision has been taken to increase credit flow to small businesses. The risk weight of 75 per cent will apply to all fresh exposures and also to existing exposures where incremental exposure may be taken by the banks up to the revised limit of Rs 7.5 crore. | |
| 926. |
Which card partnered with Signzy for global rollout of video KYC? |
| Answer» Mastercard today announced a partnership with Signzy, a leading RegTech start-up based in India, to enable Signzy's video-based KYC (Know Your Customer) solution for its banking customers. With this partnership, Mastercard customers will benefit from a completely paperless, remote and secure on boarding solution for end-users. | |
| 927. |
Which bank launched ACE Credit Card in collaboration with Google Pay and Visa? |
| Answer» Axis Bank on Monday announced the launch of its ACE Credit Card in India in collaboration with Google Pay and Visa. The card meant to help with digital payments. From application to issuance, with the entire user journey for the credit card application will be done digitally. | |
| 928. |
Which bank is to launch 'The Healthy Life Programme' for its customers? |
| Answer» India's leading private sector bank, HDFC Bank and Apollo Hospitals have collaborated to launch the "Healthy Life Programme", a holistic healthcare solution. This programme will be launched for HDFC Bank customers, to make healthy living accessible and affordable while making the process convenient and easy for the customers. | |
| 929. |
Which bank extended USD 400 million soft loan to Maldives? |
| Answer» The Export-Import Bank of India (Exim Bank) on behalf of the Government of India has extended a Line of Credit (LoC) of USD 400 million (about Rs 2,932 crore) to the Maldives. | |
| 930. |
Which Bank rolled out instant payouts for fintechs with Visa Direct? |
| Answer» India-based private sector lender RBL Bank has launched instant payouts for fintech firms by partnering with payments giant Visa. Under this partnership, the bank will leverage Visa's real-time push payments platform Visa Direct, across the country. Visa Direct facilitates instant, real-time fund settlement through debit and credit cards. It will allow RBL Bank to create technology-led banking solutions catering to the growing needs of merchants and partners. Further, this will enable fintech firms to create digital payment solutions for the end customers. | |
| 931. |
Which bank revised stake acquisition agreement with Max Life? |
| Answer» New Delhi: Axis Bank on Friday announced a revised stake acquisition agreement with Max Financial. According to the revised agreement, Axis Bank will acquire up to 9% of the equity share cap of Max Life. The bank's subsidiaries Axis Capital Limited and Axis Securities Limited (together 'Axis Entities') will together acquire up to 3% of equity of Max Life. Axis Entities will have a right to acquire an additional stake of up to 7%. | |
| 932. |
Which bank is to add 300 more points at BPCL outlets in Tamil Nadu? |
| Answer» Fino Payments Bank is planning to add another 300 points at BPCL outlets to its existing 1,075 in Tamil Nadu, to help truck drivers to get fleet cards recharged by paying equivalent cash, without any hassles, a top official said on Monday. | |
| 933. |
Which bank launched Invest 4G plan with multiple saving options, protection cover? |
| Answer» Canara HSBC Oriental Bank of Commerce Life Insurance has launched a new Unit Linked insurance plan (Ulip) titled 'Invest 4G'. It is an individual life insurance savings plan which can be customized as per the goals and changing requirements of the individual. This Unit Linked Individual Life Insurance cum Savings Plan provides a combination of Portfolio Management Options and flexibilities which gives choice to opt for protection suiting the demand for every individual as well as provide an opportunity to save for future goals. | |
| 934. |
Which bank inked pact with Mahindra & Mahindra for tractor finance? |
| Answer» To push agriculture finance, state-owned Bank of Baroda (BoB) said it has entered into a pact with Mahindra and Mahindra for tractor finance business. The lender, through its over 5,000 rural and semi-urban branch network, will provide tractor loan facility to customers of Mahindra and Mahindra. | |
| 935. |
Which bank launched banking services on WhatsApp? |
| Answer» IDBI Bank announced the launch of banking services on WhatsApp. The WhatsApp Banking service is being offered through a dedicated WhatsApp verified number ensuring end-to-end encryption, the Bank stated. | |
| 936. |
Which bank constituted panels to suggest policy for securities market data? |
| Answer» The Securities and Exchange Board of India (SEBI) has constituted a Standing Committee -- Market Data Advisory Committee (MDAC) -- to recommend appropriate policy for access to securities market data. The committee would identify segment-wise data perimeters, data needs and gaps, recommend data privacy and data access regulations applicable to market data among others. | |
| 937. |
India inked USD 177 million loan for Maharashtra with which Bank? |
| Answer» The Asian Development Bank (ADB) and the Government of India have signed a loan agreement worth USD 177 million, to upgrade 450 km of state highways and major district roads in Maharashtra. The project aims to improve connectivity between rural areas and urban centres in the state to enable rural communities to have better access to markets, employment opportunities and services, which in turn will expand development and livelihood opportunities outside of the state's major urban centres to second-tier cities and towns thus reducing income disparities. | |
| 938. |
Which bank partnered IIT-Madras to fund start-ups? |
| Answer» State-owned Indian Bank in collaboration with IIT-Madras Incubation Cell (IITMIC) on Tuesday launched an initiative for funding start-ups. Under the initiative --IND Spring Board -- IITMIC will refer start-ups with proven technology and established cash flows to the bank and also extend advisory to the bank on the business model. | |
| 939. |
Which bank constituted committee for market data sharing? |
| Answer» Securities and Exchange Board of India (SEBI) has constituted a Standing Committee, Market Data Advisory Committee (MDAC) to recommend appropriate policy for access to securities market data, identify segment-wise data perimeters, data needs and gaps, recommend data privacy and data access regulations applicable to market data. The committee is headed by Madhabi Puri Buch, Whole Time Member, SEBI and has CEOs of stock exchanges and depositories, representatives of various stakeholders and senior officials of SEBI as members. | |
| 940. |
Which bank won Central bank of the year award 2020? |
| Answer» "Bank of Ghana" has won the Central bank of the year award 2020. Apart from this, Mark Carney (Governor of the Bank of England) has won the Governor of the year at the Central bank of the year award 2020. Central Banking Awards is held annually to recognize excellence in the central banking community. This was the 7th edition of the award and the ceremony was held virtually on. | |
| 941. |
Which bank tied up with Toyota Kirloskar Motor? |
| Answer» Bank of Baroda (BoB) has entered into a tie-up with Toyota Kirloskar Motor (TKM), whereby the bank will be one of the preferred financiers for the entire range of vehicles sold by the latter. | |
| 942. |
Which bank cut Asia's growth forecast, warns of pandemic-driven risks? |
| Answer» The International Monetary Fund slashed this year's economic forecast for Asia, reflecting a sharper-than-expected contraction in countries like India, a sign the coronavirus pandemic continues to take a heavy toll on the region. While the IMF upgraded next year's growth forecast, it warned the recovery will be sluggish and patchy with countries dependent on tourism seen taking a particularly hard hit. | |
| 943. |
IIT-Madras has signed a pact for start-up funding with which Bank? |
| Answer» Indian Bank has introduced an initiative for funding start-ups, 'IND Spring Board', in collaboration with the IIT-Madras Incubation Cell (IITMIC). The Chennai-headquartered bank seeks to bridge the gap in funding for start-ups through this collaboration with IITMIC. | |
| 944. |
Which organization has sanctioned Rs 3 crore for Sand Dune Park in Goa? |
| Answer» India's first sand dune parks and interpretation centers are set to be developed in Goa. World Bank has sanctioned around Rs.3 crore under the programme. The Goa state biodiversity board has proposed the project, which will be implemented with financial assistance from the World Bank. | |
| 945. |
Which Bank launched a contactless multi-purpose card in partnership with Delhi Metro? |
| Answer» SBI Card on Friday launched a contactless multi-purpose card in partnership with Delhi Metro that can function as a credit card as well as a metro smart card. The unique combo credit card 'Delhi Metro SBI Card' is thoughtfully designed for regular commuters on the Delhi Metro, SBI Card said in a release. The Delhi Metro SBI Card is a multi-purpose card that functions as a credit card as well as a metro smart card, offering the convenience and safety associated with both in one card, the pure-play credit card company said. | |
| 946. |
Which Bank partnered with NPCI to launch a digital rewards platform? |
| Answer» Powered by NPCI, the platform has a simple and smart dashboard for SVC Bank customers where they can view their points accumulation, redemptions and also have access to all the offers and rewards. | |
| 947. |
Which bank asked lending institutions to implement waiver of interest on interest schemes? |
| Answer» The Reserve Bank of India has asked all the lending institutions to implement the waiver of interest on interest schemes for loans up to Rs 2 crore. The lending institutions also including non-banking financial companies. | |
| 948. |
Which bank has published its Ecowrap report? |
| Answer» The SBI has published its Ecowrap report. The report highlights that the pandemic has led to 60% increase in opening up of new Jan Dhan accounts. | |
| 949. |
Who has barred Payment System Operators (PSOs) from launching any new proprietary QR code for payment transactions? |
| Answer» The Reserve Bank of India has barred Payment System Operators (PSOs) from launching any new proprietary QR code for payment transactions. Currently, there are two interoperable QR codes - UPI QR and Bharat QR. The decision to continue with the two existing Quick Response (QR) codes was based on the recommendations of the committee which was set up by the Reserve Bank under the chairmanship of Deepak Phatak to review the current system of such codes in India and suggest measures for moving towards interoperable QR codes. | |
| 950. |
Which bank MD & CEO Aditya Puri retired? |
| Answer» The Managing Director and Chief Executive Officer of HDFC Bank, Aditya Puri has stepped down, after 25 years of a highly successful career at India's largest private sector lender. The 70-year-old Puri had transformed a start-up in a sector dominated by state-owned banks into an industry leader. At nearly Rs 6 trillion, HDFC Bank leads the industry in terms of market capitalisation and remains the most profitable by a long margin. | |