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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.
| 51. |
tie up with Canara HSBC Oriental Bank of Commerce Life Insurance? |
| Answer» Private life Insurance company Canara HSBC Oriental Bank of Commerce Life Insurance entered into an alliance with the Kerala-based Dhanlaxmi Bank for marketing various life insurance products. All the life insurance products of Canara HSBC Oriental Bank of Commerce Life Insurance will be available to customers of Dhanlaxmi Bank and would be sold by the licensed staff of the bank. | |
| 52. |
This bank tie up with IIC to boost trade with Latin America. |
| Answer» Axis Bank entered into a collaboration with Inter-American Investment Corporation (IIC) to facilitate trade with Latin America and the Caribbean. Axis Bank becomes the first Indian bank to participate in the Trade Finance Facilitation Programme as a confirming bank. | |
| 53. |
This bank launches 'YES GST' Program to assist MSMEs. |
| Answer» YES BANK launches 'YES GST' program for MSMEs (Micro, Small and Medium Enterprises) under its MSME CSR. It organises more than 3,000 events on GST over the next 6 months in partnership with National Small Industries Corporation (NSIC), Federation of Indian Export Organizations (FIEO) and Federation of Automobile Dealers Associations (FADA). | |
| 54. |
Which bank received $150 million funding from the United States Government? |
| Answer» YES Bank received $150 million funding from the United States Government and Wells Fargo to increase lending to support women entrepreneurs and small and medium-sized enterprises in India. According to the agreement, OPIC will provide $ 75 million in financing jointly arranged by Wells Fargo Bank to Yes Bank. | |
| 55. |
Which company opens Research and Development centre in China? |
| Answer» BMW motors have opened a new research and development (R&D) centre in China, the largest outside of Germany. The centre will focus on new energy technology to establish a complete R&D and production chain in China. China has become the largest single market for BMW automotive vehicles. Earlier in May, the BMW assembly plant in Shenyang's Dadong district began operations.ss | |
| 56. |
State Bank of India has launched a dedicated portal 'SBI Realty' to help __________ buyers. |
| Answer» India's largest commercial bank State Bank of India (SBI) has launched a dedicated portal 'SBI Realty' that will help home buyers to choose flats from its 3,000 approved projects across the country,which are spread across 13 states and Union Territories covering 30 cities. At present, there are 9.5 lakh home units available on the website. Customers can compare current and past trends of prices for the properties in various localities in the city. | |
| 57. |
This UK's bank introduced the £10 note by featuring 19th century novelist Jane Austen. |
| Answer» The Bank of England today unveiled a new polymer £10 note featuring 19th century novelist Jane Austen, in a move to replace paper £5, £10 and £20 with secure plastic notes. This note's introduction marks the 200th anniversary of Austen's death. This makes Austen the only woman other than Queen Elizabeth to be featured on a polymer British banknote. | |
| 58. |
Which bank offers a personal loans for their customer at ATMs? |
| Answer» ICICI Bank has launched a facility whereby its existing salaried customers can avail personal loans at ATMs. These customers can get pre-qualified personal loans up to 15 lakhs in their savings account instantly based on pre-checked CIBIL scores and instant transfer of the money to the customer's account. The facility also incorporates an additional level of authentication to make the security of the offering robust. | |
| 59. |
The Reserve Bank will shortly issue bank notes of denomination Rs ________in Mahatma Gandhi series 2005. |
| Answer» The Reserve Bank of India will shortly issue bank notes of denomination Rs 20 in Mahatma Gandhi series 2005. The new notes will be bearing inset letter 'S' in the number panel and signature of Governor Urjit R Patel. | |
| 60. |
State Bank of India (SBI) and marquee private equity investor Carlyle Group will acquire GE Capital Group's entire _______ percent stake in SBI Card. |
| Answer» State Bank of India (SBI) and marquee private equity investor Carlyle Group will acquire GE Capital Group's entire 26 percent stake in SBI Card. SBI Card is a joint-venture between SBI Cards and Payment Services and GE Capital Business Process Management Services, which issue credit cards and process card transactions. | |
| 61. |
Which bank has entered into an agreement with Directorate General of Supplies & Disposal (DGS&D) for extending various banking services to Government e-Marketplace (GeM)? |
| Answer» Bank of Baroda BSE -0.12 % has entered into an agreement with Directorate General of Supplies & Disposal (DGS&D) for extending various banking services to Government e-Marketplace (GeM). The relationship of the bank with GeM will immensely benefit all stakeholders and ensure a support system ncluding a dedicated team for seamless functioning of the portal. | |
| 62. |
This bank launched Met Loan & Life Suraksha to cover the loan liability of a customer. |
| Answer» One of the leading private sector lender Karnataka Bank announced that the bank has launched "Met Loan & Life Suraksha" (MLLS) for its customers. It is a single premium plan covering the loan liability of a customer. The bank also introduced 'KBL MLLS' app, which marks the celebration of 15 years of partnership with M/s PNB MetLife. This app is exclusively for the Karnataka Bank employees to instantly calculate the insurance cover and premium-based on loan liability of their borrowers. | |
| 63. |
This bank launched a Multi-currency Forex Card for overseas travellers. |
| Answer» Standard Chartered Bank launched a Multi-currency Forex Card for overseas travellers. This will allow customers the convenience of loading up to 20 widely used currencies on one card with an online reload facility during overseas travel. The card will offer travellers protection against the frequent currency fluctuations by locking in the currency exchange rate. | |
| 64. |
Which organisation has started fully fledged merchant banking operations to help medium and small enterprises (MSMEs) tap capital markets for their funding requirements? |
| Answer» Small Industries Development Bank of India has started full fledged merchant banking operations to help medium and small enterprises (MSMEs) tap capital markets for their funding requirements especially those with a strong technology and innovation quotient. It is aimed at enhancing the access of MSMEs to the capital markets, including the SME Trading Platform and Institutional Trading Platform. | |
| 65. |
Axis Bank acquires this website for Rs 385 crores. |
| Answer» Axis Bank announced the acquisition of Snapdeal-owned mobile payments provider Freecharge in an all-cash deal worth Rs.385 crore. It will get over 50 million customers of Freecharge along with its niche and patented technology and human resources. | |
| 66. |
This bank has launched a Project Connect to tackle bad loans. |
| Answer» Bank of India's new chief has launched Project Connect, an initiative to revive the bank that has suffered huge losses for two consecutive years due to a sharp rise in bad loans. It will have 115 area managers who would be stationed close to 30-35 branches. | |
| 67. |
RBI sets Supervisory Colleges for _____ Scheduled Commercial Banks. |
| Answer» Reserve Bank of India (RBI) has set up Supervisory Colleges for six Scheduled Commercial Banks which have a sizeable international presence: - State Bank of India, ICICI Bank Ltd, Bank of India, Bank of Baroda, Axis Bank Ltd. and Punjab National Bank. The main objectives of the colleges to enhance information exchange and cooperation among supervisors, to improve understanding of the risk profile of the banking group. | |
| 68. |
NPCI has received the final nod from the_________ to function as the Bharat Bill Payment Central Unit and operate the Bharat Bill Payment System (BBPS). |
| Answer» National Payments Corporation of India (NPCI), the umbrella organization for all retail payment systems in the country, has received the final nod from the Reserve Bank of India (RBI) to function as the Bharat Bill Payment Central Unit and operate the Bharat Bill Payment System (BBPS). The certified units include three public sector banks - Bank of Baroda, Union Bank of India and Indian Overseas Bank - 10 private lenders, five cooperative banks and 6 non-bank biller aggregators. | |
| 69. |
Which public centre bank launched its first Digital Banking Branch in Bengaluru? |
| Answer» Canara Bank has launched its first 'Digital Banking Branch' at Spencer Towers in MG Road, Bengaluru. The branch is reportedly titled "CANDI" and it will aim to provide an end-to-end digital experience to customers. As a part of its digital campaign, the bank has unveiled several customer friendly mobile apps. This is a first-of-its kind initiative by a public sector bank in the country. | |
| 70. |
Which bank cuts interest rate on Savings Account Deposits from 4 per cent to 3.5 percent? |
| Answer» SBI has introduced a new two-tier savings account interest rate system from July 31, 2017. On balances below Rs. 1 crore, the interest rate has been brought down to 3.5 per cent from 4 per cent. On balances above Rs. 1 crore, the bank will continue to offer 4 per cent. It had cut the MCLR (marginal cost of funds based lending rate) or its key lending rate, by 90 basis points effective January 1, 2017, on the strength of large inflows in savings and current accounts after demonetisation. | |
| 71. |
This bank offered a Bharat Bill Payment System for its customers. |
| Answer» Public sector Indian Overseas Bank has offered Bharat Bill Payment System, introduced by the National Payments Corporation of India, for its customers. BBPS is an integrated bill payment system that offers inter-operable online bill payments to customers. It include online payments of electricity, telecommunication, DTH, water and gas bills, the Chennai headquartered bank said in a statement. | |
| 72. |
RBI imposed a penalty of Rs 1 crore on state-owned bank with the directions on Know Your Customer (KYC) norms. |
| Answer» The Reserve Bank of India (RBI) said it has imposed a penalty of Rs 1 crore on state-owned Union Bank of India for "non-compliance" with the directions on Know Your Customer (KYC) norms. | |
| 73. |
With Whom Airtel payments bank tied up for ATM services recently? |
| Answer» Airtel Payments Bank, India's first payments bank has announced a strategic partnership with Hindustan Petroleum Corporation Limited (HPCL). There are around 14,000 HPCL fuel stations will act as banking points for Airtel Payments Bank. It also offers facilities such as the opening of the account, cash deposit and cash withdrawal to the payment bank's customers. | |
| 74. |
Which bank has allowed India to construct hydroelectric power facilities on tributaries of the Jhelum and Chenab rivers with certain restrictions? |
| Answer» World Bank allowed India to construct Kishanganga hydroelectric power facilities on tributaries of the Jhelum and Chenab rivers with certain restrictions under the 1960 Indus Waters Treaty (IWT). | |
| 75. |
This company joined with the State Bank of India collaborate to advance Digital India initiative. |
| Answer» The State Bank of India (SBI) and Samsung India announced the availability of Samsung Pay for higher variants of SBI debit card to advance Digital India. It is currently available on Samsung smartphones. It enables consumers to make offline payments without the need for a physical Card. | |
| 76. |
Which bank plans to raise Rs. 2,000 crore by allotting Basel-III compliant bonds to various investors? |
| Answer» State Bank of India plans to raise Rs. 2,000 crore by allotting Basel-III compliant bonds to various investors. SBI said the bonds will carry a coupon rate of 8.15 per cent per annum with a call option after 5 years or the anniversary date thereafter. | |
| 77. |
Which Bank is featured in the new Exchange Trade Fund, Bharat 2022? |
| Answer» inance Minister Arun Jaitley announced creation of new Exchange Trade Fund called Bharat 2022, comprising of 22 companies, or investments from central public sector undertakings, public sector banks and some other strategic holdings. It will feature four banking stocks -- SBI, Axis Bank, Bank of Baroda and Indian Bank -- other than CPSEs such as Nalco, ONGC, IOC, BPCL and Coal India. | |
| 78. |
Which bank cuts interest rate on savings bank balance of up to Rs 50 lakh has been reduced to 3.5 per cent from the current annual 4 per cent? |
| Answer» After SBI, the Bank of Baroda cuts interest rate on savings bank balance of up to Rs 50 lakh has been reduced to 3.5 per cent from the current annual 4 per cent. However, for balance above of Rs 50 lakh, the bank has retained the rate at 4 per cent. However, for balance above of Rs 50 lakh, the bank has retained the rate at 4 percent. | |
| 79. |
This banks customers will have to pay charges for depositing cash above Rs 5,000 in a non-base branch. |
| Answer» PNB customers will have to pay charges for depositing cash above Rs 5,000 in a non-base branch even if it is located in the same city. Currently, the customers of Punjab National Bank (PNB) are levied charges only for depositing cash over Rs 25,000 at a non-base branch within the same city. It has been decided to revise the non-credit related charges (exclusive of GST) with effect from September 1, 2017 for cash deposit above Rs 5,000 at other than base branch within the same city. | |
| 80. |
Which bank offer debit card for zero balance account recently? |
| Answer» Private sector Kotak Mahindra Bank will offer debit card at a special price of Rs 99 for the first year for customers who will open account under its zero balance account scheme till September 15. The usual annual fee for debit card procured by 811 account holders (zero balance) is Rs 299. To mark the 70th anniversary of country's independence, the special edition debit card will be available to customers who open an 811 account from August 8, 2017 to September 15, 2017 | |
| 81. |
Which bank announced the launch of Instant Credit Card Service for customers to get a credit card instantly? |
| Answer» ICICI Bank announced the launch of Instant Credit Card Service, which will enable its savings account customers to get a credit card instantly, in a completely digital and paperless manner. This is the first-of-its-kind offering in the Indian banking industry, the private sector lender said in a press release. To apply for an instant credit card, customers can log in through their internet banking account, where they will be shown an option of availing a credit card with their individual credit limits. | |
| 82. |
Which bank has partnered with digital payments company Zeta, to launch a payment solution for corporates? |
| Answer» IDFC Bank partnered with digital payments company Zeta, to launch 'IDFC Bank Benefits'. It is a payment solution for corporates that digitizes employee spends and claims, making the process simple, real-time and paperless. Employees can also access the Benefits Card via the Zeta app on mobile or web. The Zeta app offers employees a real time view of spends, reimbursement limits and claims. | |
| 83. |
How many villeges are adopted by the State Bank of India for CSR initiative? |
| Answer» State Bank of India launched a CSR initiative, SBI Gram Seva, which will work in the areas of health, education, environment and rural infrastructure. Initially, 10 gram panchayats comprising of 50 villages in six states have been adopted. The SBI Foundation will identify and partner with NGOs to carry out CSR initiatives under which it adopt five villages each from 10 village panchayats with each village getting around Rs 2.40 crore over the next three years. | |
| 84. |
City Union Bank planed to launch _________ for their customers. |
| Answer» City Union Bank customers can generate a credit card online for free for its Net banking customers. All that a customer has to do is log on to his/her net banking account and seek a credit card. Only, the customer must have a fixed deposit with the bank. "We will mark a lien on the FD. The customer will be allowed a credit limit of up to 80 per cent of the deposit or a maximum of Rs 3 lakh. | |
| 85. |
Which bank gives Leg-up to CSR Initiatives? |
| Answer» State Bank of India launched a CSR (Corporate Social Responsibility) initiative, SBI Gram Seva, which will work in the areas of health, education, environment and rural infrastructure. It will identify and partner with NGOs to carry out CSR initiatives under which it adopts five villages each from 10 village panchayats with each village getting around Rs 2.40 crore over the next three years. Initially, 10-gram panchayats comprising of 50 villages in six states have been adopted. | |
| 86. |
Which bank made Aadhaar linkage mandatory for Farmers? |
| Answer» Reserve Bank of India (RBI) made Aadhaar linkage mandatory for availing short-term crop loans up to Rs 3 lakh in 2017-18. In order to get the free benefits to farmers under interest subvention scheme, the banks are advised to make Aadhaar linkage mandatory for availing short-term crop loans. The advice to all public and private sector scheduled commercial banks was sent through a RBI notification on the "Interest Subvention Scheme for Short Term Crop Loans during the year 2017-18". | |
| 87. |
NABARD has conferred the 'best performance award' for 2016-17 to which regional rural bank? |
| Answer» The National Bank for Agriculture and Rural Development (NABARD) has conferred the 'best performance award' for 2015-16 and 2016-17 to Karnataka Vikas Grameen Bank (KVGB) for its work in the field of credit-linking joint liability groups (JLGs). The KVGB is sponsored by syndicate bank. | |
| 88. |
HDFC Bank cut interest rates on most of its savings accounts to __________. |
| Answer» HDFC Bank Ltd cut interest rates on most of its savings accounts to 3.5% from 4%. Customers with savings bank account balance of 5 million rupees and above will continue to earn interest at 4 percent per annum. | |
| 89. |
This bank unveiled the Aadhaar Enrolment Centre recently. |
| Answer» Private sector Karur Vysya Bank has unveiled the Aadhaar Enrolment Centre in Chennai. It is the first private sector bank to provide Aadhaar Enrolment Centre service in the country. The Customers need to bring in the approved documents as proof of residence and identity. The process of enrolment or updating the details in AADHAAR can be completed in about 15 minutes. | |
| 90. |
This bank sighned an agreement with Bajaj Allianz General Insurance recently? |
| Answer» Union Bank of India entered into a corporate agency agreement with Bajaj Allianz General Insurance and Cholamandalam MS General Insurance for distribution of their insurance products. The public sector bank already with the corporate agency agreement with The New India Assurance. | |
| 91. |
Which currency notes are going to be released by the Reserve Bank of India recently? |
| Answer» Reserve Bank of India (RBI) will shortly issue new banknotes of Rs 50 denomination in the Mahatma Gandhi (New) Series. The banknote will bear the signature of RBI Governor Dr. Urjit R. Patel on the front side along with the guarantee and promise clause and the RBI emblem. It will have Mahatma Gandhi's portrait at the Centre and a see through register with denominational numeral 50. | |
| 92. |
This bank waive 12 EMIs on regular home loan repayment under the new scheme Shubh Aarambh Home Loans. |
| Answer» The affordable housing finance sector, private lender Axis Bank will waive 12 equated monthly installments (EMIs) on regular repayments of loans of up to Rs. 30 lakh under the new scheme Shubh Aarambh Home Loans. The lender has introduced Shubh Aarambh Home Loans, in which 12 EMIs are waived - four EMIs each after the fourth, eighth and 12th year - from the date of the first disbursement. The waiver will be in the form of reduction in tenure. | |
| 93. |
Which notes are to be released by Reserve Bank of India recently? |
| Answer» Reserve Bank of India (RBI) to issue Rs 200 notes that will ease pressure on lower-denomination currency bills. The exercise of printing Rs 200 denomination notes is being undertaken to further improve the current situation in the country. | |
| 94. |
Reserve Bank of India opens the new branch in? |
| Answer» Reserve Bank of India (RBI) opened a branch in Dehradun, Uttarakhand. The branch was inaugurated by Uttarakhand Chief Minister Trivendra Singh Rawat. Earlier, all the banking related works of the Uttarakhand State Government were carried out through the Reserve Bank of India branch at Kanpur. | |
| 95. |
DHFL Pramerica Life Insurance Company and this bank has tie up for bancassurance. |
| Answer» DHFL Pramerica Life Insurance Company has signed on Kerala-based Dhanlaxmi Bank as its bancassurance partner, under which the latter will distribute retail and group life insurance products to its customers across 260 branches in India. G.Sreeram, Managing Director and CEO, Dhanlaxmi Bank, said the bank has consistently enhanced its portfolio to meet the diverse financial needs of its customers. | |
| 96. |
Which RBI committee has recently recommended that banks should link home loan rates to repo rate? |
| Answer» The Reserve Bank of India (RBI) appointed committee on Household Finance has recently recommended that banks should link their home loan rates to the RBI's repo rate, the rate at which it lends to banks. The committee, whose recommendations are not binding, suggests that this will allow for better and more transparent transmission of interest rates in the economy to individuals. As per recommendations, banks should quote loans to customers using the RBI repo rate rather than based on their own MCLR rates. This would make it easier for customers to compare rates at the time of purchase. The committee was chaired by Dr Tarun Ramadorai, who is Professor of Financial Economics, Imperial College Business School in London. The committee has also recommended that all banks use the same reset period of one month for loans. Under the current system, floating rate loans have a fixation period of roughly one year. | |
| 97. |
With Which bank NTPC signs Rs 3,000 crore term loan agreement? |
| Answer» State-owned National thermal Plant Corporation (NTPC) signed a term loan agreement for Rs. 3,000 crore with ICICI Bank for partially funding its capital expenditure. The loan which has a door-to-door tenure of 15 years will be utilized to part finance the capital expenditure of NTPC. It commissioned 3,845 MW capacity and added 2,190 MW to its commercial capacity during 2016-17. | |
| 98. |
Tirumala Tirupati Devasthanams has deposited 2,780 kg of gold with this bank. |
| Answer» Tirumala Tirupati Devasthanams which is the famous temple of Lord Venkateswara and of the richest Hindu temple in India has deposited 2,780 kg of gold with State Bank of India under long term deposit scheme. The gold deposits have been converted into the Long Term Deposit Scheme at a rate of 2.5% per annum for a period of 12 years from the date of investment under the Gold Monetisation Scheme. The temple receives offerings from devotees in cash, jewellery, gold, silver, property deeds, and Demat share transfers. | |
| 99. |
The world's first IAEA Low Enriched Uranium (LEU) Bank has opened in which country? |
| Answer» The International Atomic Energy Agency (IAEA) has launched the world's first IAEA Low Enriched Uranium (LEU) bank at the Ulba Metallurgical Plant (UMP) in Oskemen, Kazakhstan. The $150 million facility will help ensure a steady supply of low enriched uranium for countries' nuclear power programmes. The bank is owned and managed by IAEA. It is the first of its kind LEU bank not to be under control of any individual country. The IAEA LEU Bank will be a physical reserve of up to 90 metric tons of low enriched uranium suitable to make fuel for a typical light water reactor, the most widely used type of nuclear power reactor worldwide. The LEU Bank will serve as a last-resort mechanism to provide confidence to countries that they will be able to obtain LEU for the manufacture of fuel for nuclear power plants in the event of an unforeseen, non-commercial disruption to their supplies. | |
| 100. |
This bank receives scheduled bank status from Reserve Bank of India recently? |
| Answer» Ujjivan Small Finance Bank (SFB) is a wholly-owned subsidiary of Ujjivan Financial Services Limited included in the second scheduled to the RBI Act 1934 on 30th Aug 2017. This grants the 'Scheduled Bank' status to Ujjivan Small Finance Bank' from the date of notification. | |