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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.
| 101. |
How many banks of the BRICS Bank Cooperation Mechanism have agreed to establish credit lines in the national currencies and cooperate on credit ratings? |
| Answer» Five banks of the BRICS Bank Cooperation Mechanism have agreed to establish credit lines in the national currencies and cooperate on credit ratings. The agreement was signed ahead of the Brics (Brazil, Russia, India, China and South Africa) summit in China's Xiamen city on September 3rd in which leaders of the five countries, including Prime Minister Narendra Modi. Brazilian Development Bank (BNDES), Vnesheconombank, Export-Import Bank of India, China Development Bank and Development Bank of South Africa (DBSA) have signed an agreement to establish credit lines in the national currencies, as well as a memorandum of cooperation on credit ratings. | |
| 102. |
This bank has bagged the 'best bank' award among small banks for the use of technology for financial inclusion. |
| Answer» Karnataka Bank has bagged the 'best bank' award among small banks for the use of technology for financial inclusion announced on 3rd Sept 21017. Mahabaleshwara MS, MD & CEO of the bank had received the award from Sudarshan Sen, Executive Director of RBI, in Hyderabad and said this recognition will further motivate the bank in implementing its IT strategies more effectively in promoting financial inclusion. | |
| 103. |
RBI includes __________ bank as India's third most critical financial body. |
| Answer» RBI has included HDFC in the list of 'too big to fail' lenders, referred to as D-SIB or domestic systemically important bank. India's largest lender SBI and private sector major ICICI Bank were classified as D-SIBs in 2015. With the inclusion of HDFC Bank in the list, there will now be three 'too big to fail' financial entities in the country. SIBs are subjected to higher levels of supervision so as to prevent disruption in financial services in the event of any failure. | |
| 104. |
Which bank becomes second bank to get in-principle nod to operate as wholly-owned unit? |
| Answer» Singapore-based bank DBS got final approval to operate as a wholly-owned subsidiary (WOS) in India after a delay of two years. DBS is the second foreign lender after SBM (Mauritius) to get an in-principle approval to operate as WOS in India, it has a strong network in the form of Digibank in India with about 1.5 million customers. DBS operates through 12 branches in the country at present with over a million customers. The bank has already drawn up plans of expanding presence in the country in a staggered way which is included in the application submitted. | |
| 105. |
This bank listed in Domestic Systemically Important Banks. |
| Answer» The Reserve Bank of India listed HDFC Bank as a domestic systemically important bank (DSIB) under the bucketing structure identified last year. The additional Common Equity Tier 1 (CET1) requirement for D-SIBs already been phased-in from April 1, 2016, and will become fully effective from April 1, 2019. | |
| 106. |
Disha Microfin is now recognised as |
| Answer» Fincare Small Finance Bank (previously known as Disha Microfin Limited) this started its banking operations with about 25 operational branches across Gujarat, Tamil Nadu, Karnataka and Andhra Pradesh. The bank was given final small finance bank (SFB) licence from the Reserve Bank of India (RBI) in May this year. On the day of its launch, the bank raised over Rs. 225 crore of deposits from its about 1000-odd depositors. The bank aims to be digitally driven, rural and semi-urban bank, focusing on the priority sectors and retail segments of micro and small enterprises. | |
| 107. |
Which bank to tie up with the Exide Life recently for savings products? |
| Answer» Exide Life Insurance announced a partnership with Punjab & Maharashtra Co-operative Bank (PMC Bank) to offer its protection and savings products to the latter's customers. It is a multi-State scheduled urban cooperative bank with 127 branches spread across Maharashtra, Delhi, Karnataka, Goa, Gujarat, Andhra Pradesh and Madhya Pradesh. Exide Life Insurance works with around 50 banks. | |
| 108. |
Punjab National Bank and BSNL has joined hands to roll out open mobile wallet Speedpay for how many states? |
| Answer» Punjab National Bank and BSNL has joined hands to roll out open mobile wallet Speedpay across 10 states in the country. PNBs Speedway wallet will operate like any other mobile wallet for paying bills, recharging phone. Its users will be able to deposit and withdraw money from authorized retail outlets. Speedway users will be able to operate Internet banking services from the application. | |
| 109. |
With which bank BSNL sign MoU for faster services? |
| Answer» Kishore Kharat, MD and CEO, Indian Bank and Kalavathi S M, CGM, Bharat Sanchar Nigam signed an MoU to Upgrade the bandwidth of Indian Bank's branches to 2mbps.The upgradation would be in line with the bank's policy of promoting digital channels. | |
| 110. |
Which bank signed agreement of Merger with Bharat Financial Inclusion? |
| Answer» Private sector lender IndusInd Bank and India's second largest Microfinance company Bharat Financial Inclusion signed a confidentiality agreement for the proposed merger between them. The merger would result in lower cost of funds and would help the company offer its customers savings products. The agreement provides for a mutually agreed exclusivity period for due-diligence and discussions to evaluate a potential strategic combination between the company and BFIL by way of amalgamation through a scheme of arrangement or any other suitable structure. | |
| 111. |
For Which card Paytm Payments Bank partners with NPCI recently? |
| Answer» Paytm Payments Bank (PPB) partnered with the National Payments Corporation of India (NPCI) to launch a RuPay-powered digital debit card. The RuPay-powered digital debit card will be issued to all customers who have opened their bank accounts with PPB. Airtel launched India's first live payments bank. Paytm is the second such service to be launched in the country. | |
| 112. |
This bank join hands with e-commerce firms to provide automated payday loan-type credit to customers. |
| Answer» ICICI Bank will partner with e-commerce firms to provide automated payday loan-type credit to customers at the bottom of the digital pyramid. Unlike other software-based loans, the digital credit planned by the bank will be available to non-customers and new-to-credit borrowers. The bank will announce partnerships with e-commerce firms, following which buyers on the site will get a 'pay later' option. The 'pay later' facility will be available to even those who have not availed of any loan in the past and for small amounts of up to Rs 20,000. | |
| 113. |
Which become the first foreign bank to open a wholly-owned subsidiary after RBI? |
| Answer» State Bank of Mauritius (SBM) is likely to become the first foreign bank to open a wholly-owned subsidiary almost four years after the Reserve Bank of India (RBI) allowed overseas lenders to open local units in India. | |
| 114. |
Cheque Books, IFSC of 6 SBI Subsidiary Banks to be Invalid from ___________. |
| Answer» SBI stated that the old chequebooks and IFSC (India Financial System Codes) of six subsidiary banks namely State Bank of Patiala, State Bank of Bikaner and Jaipur, State Bank of Raipur, State Bank of Travancore and State Bank of Hyderabad and Bharatiya Mahila Bank, will not be valid after September 30. SBI currently charges a penalty of up to Rs. 100 (plus GST of 18 percent) per month for not maintaining the minimum balance in savings bank accounts. | |
| 115. |
Australia's largest bank, "Commonwealth Bank of Australia" will sell its life insurance unit to Hong Kong-based AIA Group for |
| Answer» Hong Kong-based AIA Group has agreed to buy the life insurance unit of Australia's largest bank, "Commonwealth Bank of Australia", for $3 billion. This acquisition would make AIA the biggest life insurer in Australia and New Zealand, with 13 million customers. | |
| 116. |
This bank surpassed TCS to become the country's second most valued firm on BSE in terms of market valuation. |
| Answer» HDFC Bank surpassed Tata Consultancy Services (TCS) to become the country's second most valued firm on BSE in terms of market valuation to a 53 per cent jump in the shares of former this year on quarter-after-quarter strong results. HDFC Bank has a pre-eminent presence in the retail banking segment (50 per cent of loan book) and has been able to maintain strong and consistent loan book growth, gradually gaining market share. | |
| 117. |
Catalyst E2 Max electric bus is manufactured by? |
| Answer» US-based electric vehicles manufacturer Proterra's Catalyst E2 Max electric bus has set a world record by driving 1,771 km (1,101 miles) on a single charge, at the Navistar Proving Grounds in Indiana. E2 Max bus is 40 feet long and has a battery with 660 kWh capacity. | |
| 118. |
Standard Chartered joint hands as a shareholder with this bank in Swift India. |
| Answer» Standard Chartered and Citibank become the first foreign lenders to invest in the platform. Both Standard Chartered Bank as well as Citi linked the investment to their respective efforts to promote digitization. This is its second round of capital raising. It will help clients to automate and digitise flows and gain efficiency through standardisation and process automation. Other lender shareholders in the company include Axis Bank, Bank of Baroda, Bank of India, Canara Bank, HDFC Bank, ICICI Bank, Punjab National Bank, State Bank of India and Union Bank of India. | |
| 119. |
Which bank is India's most trusted and most popular bank according to a survey conducted by Brand Finance? |
| Answer» State Bank of India (SBI) is India's most trusted and most popular bank according to a survey conducted by Brand Finance, a business valuation and strategic consultancy headquartered in London. On the trust charts, SBI is followed by HDFC Bank and Central Bank of India whereas on the popularity charts, ICICI Bank and HDFC Bank take the second and third spots respectively. | |
| 120. |
Indian Institute of Management Lucknow (IIM-L) and this bank ties up for climate awareness. |
| Answer» YES BANK, India's fifth largest private sector Bank, and Indian Institute of Management Lucknow (IIM-L) are signing a charter to further the common objective of spreading 'Climate Literacy' to achieve sustainable development through shared learning. YES BANK will support IIM-L in updating the 2-year course curriculum in accordance with global standards, along with delivering guest lectures. | |
| 121. |
SBI opened its sixth branch in ___________. |
| Answer» State Bank of India (SBI) opened its sixth branch in Ang Mo Kio area of Singapore. This area is popular for housing estates. About 80 % of SBI's Sinagpore customers are Chinese and the rest are high networth Indians. It also offers services like wealth management, insurance and rupee remittances. | |
| 122. |
Which bank launched a Chabot to help customers in banking activities recently? |
| Answer» SBI (State bank of India) launched a Chatbot (chat assistant) to respond and answer customer enquiries. The chat assistant is named as SBI Intelligent Assistant (SIA). It uses Artificial Intelligence technology. Payjo, an Artificial Intelligence Banking Platform developed the Chatbot in collaboration with SBI. | |
| 123. |
SBI cuts minimum average balance from Rs 5,000 to ___________. |
| Answer» SBI has lowered the average minimum balance requirement under its savings account for metro customers to Rs 3,000 from Rs 5,000 earlier following protests. Minimum balance for urban, semi-urban and rural centres continues to be at Rs 3,000, Rs 2,000 and Rs 1,000, respectively. For non-maintenance of Minimum Average Balance (MAB), the charges have been revised downward, ranging from 20% to 50% across all population groups and categories. The new charges at semi-urban and rural centres range from Rs 20 to Rs 40, and at urban and metro centres from Rs 30 to Rs 50. | |
| 124. |
This bank launches 'Project Nishchay' for turnaround. |
| Answer» IDBI Bank launched 'Project Nishchay' in partnership with the Boston Consulting Group (BCG) to accelerate its turnaround program and improve financial performance. The project will be led by senior management at IDBI Bank along with BCG. BCG will assist the bank to identify areas for cost containment and revenue maximization leading to sustainable growth and profitability of the Bank. | |
| 125. |
This bank signed pacts with the Union Cabinet under BRICS Mechanism? |
| Answer» The Cabinet approved the signing of Interbank Local Currency Credit Line Agreement and Cooperation Memorandum relating to Credit Ratings by Exim Bank with member banks under BRICS Interbank Cooperation Mechanism. It has authorized Board of Directors of Exim Bank to negotiate and conclude any individual contracts and commitments within their framework as both agreements are non-binding in nature. | |
| 126. |
This bank launches 'cashback' home loans for their customers. |
| Answer» ICICI Bank launched a new home loan product that offers 1 % cash-back for every EMI (Equated Monthly Instalment) during the entire loan period. The EMI cash-back is available for fresh home loans with minimum period of 15 years. It allows borrowers to select their preferred mode of cash-back. They can use the cash-back to prepay the principal outstanding of their home loan or accumulate it in their ICICI Bank account. | |
| 127. |
Which bank cuts 1-year deposit rate by 25 bps to 6.5%? |
| Answer» State Bank of India has pared the interest rate on retail term-deposits of one-year maturity by 25 basis points, to 6.50 per cent. The highest interest rate that India's largest bank is offers on retail terms deposits (of below 1 crore) is now 6.50 per cent, compared to 6.75 per cent earlier. SBI now offers 6.50 per cent interest on retail term deposits in six maturity buckets (starting from 46 days to less than two years). | |
| 128. |
The European Investment Bank (EIB) has signed how much of loan pact with India for Bangalore Metro Rail Project Phase II? |
| Answer» The European Investment Bank (EIB) has signed the Finance Contract with India to € 300 million for Bangalore Metro Rail Project Phase II Line R6. The objective of the project is to bring in a quantum improvement in the transportation sector in the city in tandem with the Bangalore Metropolitan Transport Corporation (BMTC) and other modes of urban transport. This project will be jointly financed by the European Investment Bank (€500 million) and Asian Infrastructure Investment Bank (€300 million). The agreement signed recently was for first tranche of €300 million. The project implementation period is five years from date of commencement of the work. | |
| 129. |
This bank partners with Abu Dhabi Global Markets for collaboration on fintech. |
| Answer» Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and Yes Bank have signed a MoU, to further encourage cross-border exchange between the fintech ecosystems of the United Arab Emirates and India. The collaboration will enable fintech innovators from the Middle East region and India to apply into Yes FinTech programmes and the ADGM's Regulatory Laboratory, and will get the opportunity to expand into each other's markets. Yes FinTech is a platform for Yes Bank and fintech startups to co-create innovative solutions and participate in taking the solution to the bank's customers. | |
| 130. |
Which bank issued the Sovereign Gold Bonds 2017-18 - Series-III recently? |
| Answer» Government of India has decided to issue Sovereign Gold Bonds 2017-18 - Series-III. These bonds will be issued by Reserve Bank India (RBI) on behalf of the Government of India. Simple average of closing price of gold of 999 purity published by the India Bullion and Jewellers Association Limited for the last 3 business days of the week preceding the subscription period. Discount of Rs. 50 per gm, for those who subscribe online and pay through digital mode. | |
| 131. |
This bank inks MoU with HPCL for Digital Payments. |
| Answer» Vijaya Bank has entered into a Memorandum of Understanding (MoU) with Hindustan Petroleum Corporation Ltd (HPCL) for enabling all HPCL retail outlets with BHIM/UPI merchant solutions. This rollout will empower all petrol pump attendants and LPG delivery personnel to accept digital payments. Customers can make payments by scanning a payment QR code, using BHIM Vijaya or any BHIM app that supports payments via UPI. | |
| 132. |
This launched the mobile app - Trade Transaction Tracker - to help customers track the status of their trade transactions on a real-time basis. |
| Answer» HSBC launch the mobile app - Trade Transaction Tracker - to help customers track the status of their trade transactions on a real-time basis. It will provide a global view of import and export documentary credit and collections transactions, across markets in one single app. This feature has been built into the existing HSBC net mobile application and has been launched in select countries in which HSBC operates, including India. | |
| 133. |
This bank acquires payments wallet "Freecharge" recntly. |
| Answer» India's third largest private sector bank - Axis Bank acquired payments wallet Freecharge for Rs 373 crore in an all-cash deal. Sangram Singh has been appointed as the CEO of Freecharge Payment Technologies Private Ltd. | |
| 134. |
For which bank the government has increased its stake in the company to 77.79%? |
| Answer» IDBI Bank informed that its promoter the government of India, has increased its stake in the company to 77.79% by acquiring 3.81% shares through preferential allotment. The government of India has acquired 3.81% shares carrying voting rights in the company due to preferential allotment of equity shares. | |
| 135. |
For which bank RBI imposes banking business restrictions recently? |
| Answer» Reserve Bank of India (RBI) imposed certain restriction on banking activities of Oriental Bank of Commerce. RBI initiated prompt corrective action (PCA) against OBC in view of high non-performing assets. OBC will face restrictions in terms of opening new branches, hiring staff and lending to sub-investment grade companies. | |
| 136. |
RBL plans to launch a financial literacy drive in how many states? |
| Answer» The Reserve Bank of India (RBI) is to launch a financial literacy drive in 80 blocks in nine states on the pilot basis to educate people on e-transactions, formal sector borrowings, and insurance purchases. According to RBI, it commissions 9 states of Maharashtra, Chhattisgarh, Bihar, Odisha, Karnataka, Telangana, Andhra Pradesh, Haryana and Uttar Pradesh by the 6 NGOs in collaboration with the sponsor Banks. | |
| 137. |
Which bank Aid to Armed Forces recently? |
| Answer» ICICI Bank the country's largest private sector bank by consolidated assets, committed financial assistance of Rs. 10 crores to the Indian Armed Forces. This contribution by ICICI Bank would be made in two equal tranches. This fund will be used for two programs. The first will support post-graduation education of the widows of the soldiers and education for their wards. The second program will provide financial assistance for marriages of the daughters of ex-servicemen. | |
| 138. |
Who Launched its First Innovation Centre in India? |
| Answer» American financial technology company Mastercard launched its first innovation lab in India in Pune, Maharashtra. In India, Mastercard will collaborate with financial institutions, merchant partners and the technology community to identify and experiment with future technologies in a few key areas including digital payments, data solutions, financial inclusion, alternative payments and safety and security. | |
| 139. |
This bank launches SME assist to provide short-term loans to MSME clients. |
| Answer» State Bank of India (SBI) launched a new product called 'SME Assist' to provide a short-term working capital demand loan to its Micro, Small and Medium Enterprises (MSME) clients. The loans shall be provided on the basis of clients' input credit claims under Goods and Services Tax (GST), subject to submitting of a certificate from their chartered accountant confirming the input credit claims. This will help clients to manage their working capital requirement till the time they get input credit and will thereby ensure stability in operations. | |
| 140. |
Which bank has introduced strict know your customer (KYC) norms? |
| Answer» As per the latest set of guidelines for E-Wallets, Reserve Bank of India (RBI) has introduced strict know your customer (KYC) norms which has evoked mixed response from digital wallet companies. E-Wallet firms have been instructed to ensure KYC compliance of existing users by December 31, 2017. | |
| 141. |
Which bank launches the Union Sahyog app to digitise customer-facing banking services? |
| Answer» Union Bank of India launched an Android app named, 'Union Sahyog', as a part of its efforts to digitise customer-facing banking services. The Union Sahyog App consists of: all mobile-based banking applications, missed call/SMS-based services, Internet banking login and self-user creation, deposit and loan product information, online account opening, online loan application, online complaints, RTI (Right To Information), branch locator, EMI calculator, social media links and digital banking information. | |
| 142. |
Yes Bank has committed __________ to fund first Sewage Treatment Plant (STP) in Varanasi. |
| Answer» Private sector Yes Bank said it has committed Rs 156 crore to fund first Sewage Treatment Plant (STP) to be constructed at Varanasi under Hybrid Annuity-PPP Model. The bank has signed a deal with Essel Infraprojects for the financial closure of Rs 156 crore that will fund the STP under Namami Gange Project. | |
| 143. |
This bank signs deal with Intellect Design for Digital Transaction Banking Platform. |
| Answer» An iGTB (Intellect Global Transaction Banking) a specialist firm of Intellect Design Arena Ltd. has been selected by Bangkok Bank, as a technology partner to implement a comprehensive cash management platform and corporate portal. The digital portal which will be developed by iGTB for Bangkok Bank will integrate a number of previously separate platforms, thereby enabling a consistent and consolidated view of clients' working capital and payments activities, irrespective of the country they operate in. | |
| 144. |
Kotak Bank ties up with __________ to make a digital payment. |
| Answer» Kotak Mahindra Bank has tied up with Samsung, under which its credit and debit cardholders will be able to tap and pay using Samsung smart phones at merchant establishments. Currently, Samsung Pay works on 2.9 million points-of-sale card machines across India. It uses the Magnetic Secure Transmission (MST) technology which enables consumers to make in-store payments without the need for a physical card. | |
| 145. |
This bank commits Rs.10 crore for conservation of Chhatrapati Shivaji Maharaj Terminus. |
| Answer» SBI Foundation granted Rs.10 crore for the conservation and restoration of Chhatrapati Shivaji Maharaj Terminus (CSTM) of Mumbai over the period of 3-5 years. Central Railway's Divisional Railway Manager SK Jain and SBI Managing Director PK Gupta signed a MoU. As per the MoU, SBI Foundation will provide Rs.10 crore for the project under the "SBI-Project Swachh Iconic CSMT". Through this project, the Corporate Social Responsibility (CSR) arm of SBI aims to contribute in development and preservation of world heritage structures. | |
| 146. |
RBI plans to provide __________ to women SHGs under DAY-NRLM. |
| Answer» Reserve Bank of India (RBI) issued revised guidelines on Interest Subvention Scheme under Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM), stating that banks will provide funds to women Self Help Groups (SHGs) in rural areas at 7 per cent under the DAY-NRLM in current fiscal, 2017-18. These guidelines will be implemented by 21 public sector banks and 19 private banks. Women SHGs availing credit up to Rs. 3 lakh rupees will be eligible for this interest subvention scheme. | |
| 147. |
Which bank launches Paymint to manage multiple reimbursements for customers? |
| Answer» Kotak Mahindra Bank in collaboration with financial technology firm Zeta has launched a multi-wallet digital prepaid solution for salaried employees named 'Paymint'. It will be able to manage multiple reimbursements and allowances offered to employees including meal vouchers, medical reimbursements, travel allowances, conveyance and other similar allowances. Paymint will not only help corporate to get rid of cumbersome process of executing employee benefits programme but will also simplify the process for employees. | |
| 148. |
The government had made Aadhaar mandatory for opening bank accounts as well as for any financial transaction of __________. |
| Answer» The Reserve Bank of India (RBI) clarifies that linking bank accounts to Aadhaar is mandatory under the Prevention of Money Laundering Act, dismissing media reports which suggested that such a linkage is not mandatory. The government had notified under PMLA that every bank account should be linked to Aadhaar by 31 December, failing which the accounts will become inoperative. The government in June had made Aadhaar mandatory for opening bank accounts as well as for any financial transaction of Rs. 50,000 and above. | |
| 149. |
This bank Launches m-wallet with MobiKwik. |
| Answer» IndusInd Bank, in association with MobiKwik, announced the launch of a co-branded wallet 'IndusInd MobiKwik' that allows its customers to pay at the MobiKwik merchant network using their accounts, with a 'Direct Debit Feature'. The direct debit feature will allow IndusInd Bank account holders to link their accounts just once and pay using the co-branded app as and when required, thereby eliminating the need to load the MobiKwik prepaid wallet separately. | |
| 150. |
With which country did the Asian Development Bank Signs $300 Million Loan? |
| Answer» The Asian Development Bank and the Government of India signed a $300 million loan to continue a series of fiscal reforms in the State of West Bengal to improve the quality of public service delivery. The Second West Bengal Development Finance Program targets a further increase in public investment through the reduction of unproductive expenditure. | |