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SBI Clerk 2021

For SBI Clerk Mains 2021 Free e-book 300+ Banking/ Financial Awareness Qs Top 300+ Banking/ Financial Awareness Questions

1. Who among the following has been given 5. Which of the following has recently the additional charge as the Central Board of approved the acquisition of Avana Logistek Direct Taxes chairman? Limited, Transworld Feeders Private Limited and Transworld Feeders FZCO by Unifeeder A. P C Mody ISC FZCO? B. J B Mohapatra C. Vinay K Nandicoori A. CCI D. Ravneet Singh B. ICCCI E. None of the above C. NABARD D. NAFED Correct Answer: “B” E. RBI 2. Who among the following has been Correct Answer: “A” appointed as the World Education Advisor? 6. Which of the following umbrella organization for retail payments in India has A. Beula Gabriel onboarded PayCore, a global payments B. Arghya Banerjee solutions company based out of Turkey, to C. Ranjitsinh Disale develop SoftPoS solutions? D. Kiran Bir Sethi E. Omprakash Mishra A. NTPC B. UPI Correct Answer: “C” C. Phone pay 3. Which of the following sub-group is not D. Paypal included in the cost of living index? E. NPCI

A. Food and Beverages Correct Answer: “E” B. Fuel and Light 7. Gift city regulator IFSCA has constituted an C. Housing and Clothing expert committee on Investment Funds. Who D. Manufactured goods has headed the expert committee on E. None of the above Investment Funds? Correct Answer: “D” A. T V Narendran 4. Which of the following multinational B. Nilesh Shah investment bank has recently appointed C. K. Narendran Hitendra Dave as Chief Executive Officer? D. V.C Sushil Kumar E. G. Prakash Kumar A. Goldman Sachs B. Citi Private Bank Correct Answer: “B” C. HSBC bank 8. Which of the following Navaratna NBFC to D. JPMorgan Chase set up 1000 LPM Oxygen Generation Plant E. and other medical facilities at Base Hospital, Correct Answer: “C” Pithoragarh, Uttarakhand?

A. REC Limited B. BHEL Ltd C. POWERGRID D. EESL E. CESL

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Correct Answer: “A” 13. Which among the following is not true about Non-Banking Financial Company - Peer 9. Central government has set up a panel of to Peer Lending Platform? state ministers to examine valuation of services by casinos, online gaming for GST. A. NBFC - P2P shall maintain a Leverage The seven- member panel, convened by Ration not exceeding 2. B. NBFC-P2P shall have a net owned fund of A. Amit Shah not less than rupees twenty million B. Ajith Doval C. The maturity of the loans shall not exceed C. Nitin Patel 24 months D. Suman Rao D. Non-banking financial company - Peer to E. Narendra Modi Peer Lending Platform means a non- banking Correct Answer: “C” institution which carries on the business of a Peer to Peer Lending Platform. 10. The World Bank projected India’s E. All are true economy to grow at in 2021 and in 2022. Correct Answer: “C”

A. 8.3%, 7.5% 14. Which of the following is the first one in B. 7.5%, 3.5% the industry to introduce an instant ‘Cardless C. 8.3%, 6.5% EMI’ for online shopping? D. 7.5%, 9.2% A. State E. 11%, 12% B. HDFC Bank Correct Answer: “A” C. ICICI Bank D. IDBI Bank 11. The first asset reconstruction company E. IDFC First Bank of India ARCIL was setup under the SARFAESI act in 2002 by four major . Which all Correct Answer: “C” are the four banks? 15. Which of the following NBFCs acquired a A. SBI, ICICI, PNB & HDFC 54% stake in Paymatrix? B. SBI, RRB, PNB & NABARD A. Power Finance Corporation Limited C. SBI, NABARD, PNB & IDBI B. Muthoot Finance Ltd D. PNB, Syndicate, SBI & AXIS C. Tata Capital Ltd E. SBI, PNB, ICICI & IDBI D. HDB Finance Services Ltd Correct Answer: “E” E. None of the above

12. The Securitisation and Reconstruction of Correct Answer: “B” Financial Assets and Enforcement of Securities Interest Act Six-digit HSN or tariff code was made mandatory for businesses with turnover of more than?

A. Rs.15 crore B. Rs.20 crore C. Rs.10 crore D. Rs.25 crore E. Rs.5 crore

Correct Answer: “E”

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16. What is a loan that a government makes A. BharatPe to a foreign borrower in exchange for the B. PhonePe promise that the borrower will use the loan C. to purchase goods from the lender’s D. country? E. Paypal

A. Cash Advances Correct Answer: “A” B. Tied Loans 20. India was elected to the Economic and C. Line of Credit Social Council (ECOSOC), one of the 6 main D. Bridge Loan organs of the United Nations, for the- E. Cash Flow Financing ______term. Correct Answer: “B” A. 2021-22 17. Which of the following bank has recently B. 2022-25 announced a collaboration with SWIFT to C. 2025-28 offer the instant facility for cross-border D. 2022-24 inward remittances? E. 2022-26

A. SBI Correct Answer: “D” B. IDBI Bank 21. Which of the following state government C. ICICI Bank has recently launched Revv Up for AI startups D. HDFC Bank to solve tough business problems? E. A. Correct Answer: “C” B. Goa 18. Read the following statements C. D. A. According to a UN report, India received E. Telangana USD 64 billion in foreign direct investments (FDI) in 2020. Correct Answer: “E” B. According to a UN report, India is the fifth- 22. Which of the following state government largest recipient of inflows in the world. recently launched Knowledge-Economy C. According to a UN report, The pandemic Mission to boost job prospects? hindered the demand for digital infrastructure and services globally. A. Uttar Pradesh B. Tamil Nadu Choose the incorrect statements C. Kerala A. Only A D. Goa B. Only B E. None of the above C. Only C Correct Answer: “C” D. All of the above E. None of the above 23. The apex bank of India, the , recently announced a separate Correct Answer: “C” liquidity window of For Certain Contact 19. RBI allowed Centrum Group to take over Intensive Sectors. PMC bank and re-launch it as a small finance A. ₹ 150 crores bank in a joint venture with B. ₹ 1500 Crores C. ₹ 15000 Crores

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D. ₹ 130 Crores A. Tax levied on companies whose shares are E. ₹ 140 Crores listed on the stock market. B. Tax levied on companies to issue Correct Answer: “C” preference shares. 24. Which of the following entities partnered C. Tax levied on incomes raised by Foreign together to launch Step Up credit card? Direct Investments D. Tax levied on start-ups to issue IPO. A. E. Tax levied on the income payable on capital B. SBM raised by unlisted companies via issue of C. Paisabazaar shares. D. Both (2) & (3) E Both (1) & (3) Correct Answer: “E”

Correct Answer: “D” 29. ADB, India signed $100 million sovereign loan to upgrade Bengaluru's power 25. ASBA is a mechanism which helps distribution system recently. How much loan investors to subscribe Initial Public offerings. was offered without sovereign guarantee in What does "B" represent in the abbreviation the same MoU? of "ASBA"? A. $50 million A. Blockchain B. $70 million B. Banking C. $90 million C. Blocked D. $80 million D. Bancassurance E. $75 million E. Beneficiary Correct Answer: “C” Correct Answer: “C”

26. Foreign investment beyond percentage has been permitted through government 30. How long is the Forex Market open in approval route in Defence sector. India?

A. 74 A. 9 AM to 5 PM B. 68 B. 3 AM to 9 PM C. 49 C. 5 AM to 9 PM D. 52 D. 12 hours a day E. 83 E. 24 hours a day

Correct Answer: “A” Correct Answer: “E”

27. Which 2-wheeler company recently 31. When was the RuPay card launched? crossed market capitalisation of Rs.1 Lakh A. 2013 crore? B. 2010 A. Hero Motocorp C. 2011 B. TVS Motor D. 2012 C. India Yamaha Motors E. 2014 D. Bajaj Auto Correct Answer: “D” E. Honda Motorcycle & Scooter 32. Which of the following prepaid gift card Correct Answer: “D” has recently launched by LIC Cards Service in 28. What is an angel tax?

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collaboration with IDBI Bank on the RuPay A. I and II platform? B. Only I C. I and III A. Shagun D. Only III B. Shakti C. Samman Correct Answer: “C” D. Suvarna 36. When is Micro, Small and Medium-sized E. None of the above Enterprises (MSMEs) Day celebrated every Correct Answer: “A” year?

33. The International Financial Services A. June 27 Centers Authority (IFSCA) has formed a B. June 26 committee to explore avenues for ship C. June 25 financing and leasing. Who is the chairman of D. June 28 the committee? E. June 24

A. Kaushik Basu Correct Answer: “A” B. Vandana Aggarwal 37. Recently SEBI announced that C. Jayati Ghosh alternative investment funds (AIFs)can invest D. Bina Agarwal in securities of investee companies and in E. Deepali Pant Joshi units of other AIFs. This was subject to Correct Answer: “B” disclosures in PPM. What does PPM stand for? 34. S&P Global Ratings has cut India's FY 2021-22 growth forecast to A. Private product memorandum B. Product purchase memorandum A. 11% C. Private placement memorandum B. 10.5% D. Private purchase memorandum C. 10% E. Product placement memorandum D. 9.5% E. 9% Correct Answer: “C”

Correct Answer: “D”

35. Which of the following is incorrect about the qualifications prescribed by RBI for managing directors (MDs) and whole-time directors (WTDs) of urban cooperative banks(UCBs)?

I. MLAs and representatives of municipal corporations will not be eligible to hold such positions in the primary UCBs. MPs are eligible. II. They should be a post graduate or have qualifications in finance discipline

III. Minimum age is 40

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38. Recently, the Centre has signed loan with year till June 30, 2022. Which of the World Bank for improving healthcare following designation is associated with KK services in Mizoram. Venugopal?

A. $63 M A. Attorney General for India B. $50 M B. Solicitor General for India C. $30 M C. Cabinet Secretary D. $32 M D. SEBI Chairman E. $40 M E. LIC Chairman

Correct Answer: “D” Correct Answer: “A”

39. Google Pay announced card tokenization 43. Which of the following bank has recently with SBI, IndusInd Bank in collaboration with announced the launch of the ‘Pay Your Contact’ service? A. MasterCard B. A. C. Visa B. SBM Bank D. Rupay C. ICICI Bank E. Vistara D. IndusInd Bank E. Correct Answer: “C” Correct Answer: “A” 40. Which of the following cards & payment services recently announced that it has tied up with Fabindia to launch an exclusive co-

branded contactless credit card? 44. Which state government named Nobel A. ICICI laureate Esther Duflo and former Reserve B. SBI Bank of India Governor Raghuram Rajan as C. IDBI part of a five- member Economic Advisory D. HDFC Council for the state? E. HSBC A. Kerala Correct Answer: “B” B. West Bengal 41. Montek Singh Ahluwalia, former Deputy C. Tamil Nadu Chairman of the Planning Commission and D. Telangana distinguished fellow at the Centre for Social E. and Economic Progress (CSEP), was named as Correct Answer: “C” a member of a High-Level Advisory Group (HLAG) formed by ___& _____ . 45. Read the following statements about 'Credit to GP ratio':- A. IMF and NDB A. A credit-GDP ratio of 100% is ideal, which B. NDB and World Bank indicates robust demand for credit. C. World Bank and IMF B. A higher credit-to-GDP ratio indicates D. ADB and IMF aggressive and active participation of the E. IMF and ADB banking sector in the real economy. Correct Answer: “C” C. According to the latest data from the Bank for International Settlements, The bank 42. The Central government has extended credit-to-GDP ratio fall to a five-year high of the tenure of KK Venugopal by one more

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a little over 56% in 2020. Choose the correct D. Abhinand Mishra statements E. Sergey Calder

A. Only A Correct Answer: “A” B. Only B 50. Finance Minister Smt. Nirmala C. Only C Sitharaman has recently held the 6th review D. Only A and B meeting on CAPEX & infrastructure roadmap. Correct Answer: “D” What is the full form of CAPEX?

46. Which bank has recently launched the A. Capital Expenditure Aarogyam healthcare business loan? B. Current Expenditure C. Capital Exchequer A. Kotak Mahindra Bank D. Current Exchequer B. SBI E. Current Asset Purchasing Expenses C. ICICI Bank D. IndusInd Bank Correct Answer: “A” E. Bank of Baroda 51. Recently, Nirmala Sitharaman has Correct Answer: “B” recently announced loan guarantee scheme for Covid affected sectors. 47. The World Bank has recently approved a program to support India’s large informal A. Rs 11 lakh crore workforce. B. Rs 21 lakh crore C. Rs 1 lakh crore A. $500 million D. Rs 1.1 lakh crore B. $600 million E. Rs 10.1 lakh crore C. $800 million D. $700 million Correct Answer: “D” E. $400 million 52. Which of the following institution has Correct Answer: “A” approved a loan of 250 million dollars to Andhra Pradesh to introduces a programme 48. Which one of the state government has to transform foundational learning in recently decided to establish Vedic Shiksha government schools? and Sanskar Board to teach students how Vedic education is linked to Science and A. World Bank Yoga? B. New Development Bank C. Asian Development Bank A. Gujarat D. Asian Infrastructure Investment Bank B. Haryana E. Both 1 and 3 C. Uttarakhand D. Rajasthan Correct Answer: “A” E. Kerala 53. Recently, the RBI has tweaked the norms Correct Answer: D“” for interest on the amount left unclaimed with the bank after a term deposit matures. 49. As of 1 July 2021, Who among the Which among the following is included in the following has named as the world's youngest Term deposit? chess grandmaster? I- Recurring Deposit. A. Abhimanyu Mishra II- Cash Certificates. B. Sergey Karjakin C. Abhishek Mishra

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III- Reinvestment Deposits. A. Ajay Seth IV- Annuity Deposits. B. Tarun Bajaj C. Gyanesh Kumar A. Only I and III D. Ajay Bhushan Pandey B. Only I, III, and IV E. Ali Raza Rizvi C. Only III, and IV D. Only I and IV Correct Answer: “B” E. All of the above 58. Money injected by the monetary Correct Answer: “E” authority in the economy is known as

54. Which of the following statement define A. High powered money the term Imperfect Banknotes? B. Legal tender C. Fiat Money A. A note which has become dirty due to D. Intermediate money wear and tear and it also includes two-piece E. Narrow Money note pasted together. B. Bank Note of which a portion is missing or Correct Answer: “A” which comprised of more than two pieces 59. Which of the following one is an Indian C. Any Bank note which is wholly or partially scheduled commercial bank that was shrunk, washed, or altered. founded as a vehicle finance company in D. All of the above 1996 that converted to a E. None of the above on 19 April 2017 and Headquartered at Correct Answer: “C” Jaipur?

55. Which of the following term refers to A. Ujjivan Small Finance Bank. high-grade bonds issued by certain national B. Janalakshmi Small Finance Bank. governments and private organizations? C. Equitas Small Finance Bank. D. A U Small Finance Bank. A. PSU’s equity shares E. Capital Small Finance Bank. B. Zero-coupon bonds C. Municipal bonds Correct Answer: “D” D. Gilt-edged securities 60. Which of the following statement(s) are E. None of the above true about Small Finance Bank? Correct Answer: “D” A. Small Finance banks are not required to 56. A system in which the allows maintain CRR and SLR. the exchange rate to be determined by B. Small Finance Bank can disburse loan up to market forces but intervene at times to rupees 1 crore. influence the rate is known as? C. Bank will be required to extend 75 per cent of its Adjusted Net Bank Credit (ANBC) to the A. Managed floating exchange rate sectors eligible for classification as priority B. Flexible exchange rate sector lending (PSL) by RBI. C. Fixed exchange rate D. Residents having at least 10 years of D. Floating exchange rate experience and banking at a senior level are E. None of the above eligible to set up a small finance bank. Correct Answer: “A” E. Both C and D.

57. Who is recently appointed as the revenue Correct Answer: “E” secretary under the Ministry of Finance?

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61. Which of the following sections of the D. SLR Rate RBI Act empowers the government to give E. MSF Rate directions to RBI on matters of public Correct Answer: “A” interest? 65. Commercial Paper (CP) is an unsecured A. Section 19 money market instrument issued in the form B. Section 17 of a promissory note. In what all C. Section 4 denominations a CP can be issued? D. Section 13 E. Section 7 A. Rs.1 lakh or multiples B. Rs.2 lakh or multiples Correct Answer: “E” C. Rs.5 lakh or multiples 62. DICGC is used for the purpose of D. Rs.10,000 or multiples providing insurance of deposits and E. Rs.25,000 or multiples guaranteeing of credit facilities to the Correct Answer: “C” customers of banks. What is the abbreviation of DICGC? 66. Which of the following is a Savings account maintained in Indian Currency A. Deposit Insurance and Credit Granting where one invests his foreign income earned Corporation outside India? B. Deposit Insurance and Credit Guarantee Co-ordination A. Non – Resident Ordinary Account C. Deposit Insurance and Credit Guarantee B. Non – Resident External Account Corporation C. NOSTRO D. Deficit Insurance and Credit Guarantee D. Foreign Currency Non – Resident Account Corporation E. Resident Foreign Currency Account E. Deficit Insurance and Credit Granting Corporation Correct Answer: “B”

Correct Answer: “C” 67. Which of the following Institution has recently proposed a $50 billion global 63. The type of cheque which is payable to vaccination plan that would cover at least 40 any person presenting it for payment and percent of the global population by the end requires no endorsement is referred to as of 2021? _. A. World Bank A. Order cheque B. IMF B. Mutilated cheque C. New Development Bank C. Bearer cheque D. Asian Development Bank D. Crosses cheque E. All of the above E. Stale cheque Correct Answer: “B” Correct Answer: “C” 68. SEBI recently doubled the AIFs overseas 64. The minimum rate at which the banks investment limit to $1.5 bn. AIFs stands lend the money to their customers is for___.

A. Base Rate A. Alternative Investment Fund B. Bank Rate B. Alternative Imported Fund C. Repo Rate C. Amnesty Investment Fund

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D. Access Investment Fund 73. Which of the following section of the E. Alternative Indebtedness Fund Banking Regulations Act, 1949 allows RBI for mergers? Correct Answer: “A” A. Section 24 69. The market capitalization of all BSE- B. Section 39 listed companies hit the ______intra day for C. Section 41 the first time ever. D. Section 45 A. $3 trillion E. Section 51 B. $10 trillion Correct Answer: “D” C. $30 trillion D. $13 trillion 74. How many Indian startup companies E. $50 trillion (Unicorn) have recently crossed the valuation of $1 billion in 2021? Correct Answer: “A” A. 15 70. Which of the following is NOT a function B. 16 of the Reserve Bank of India? C. 20 A. Controls the inflation D. 14 B. Banker to the Government E. 17 C. Prepares the Financial Inclusion Report Correct Answer: “D” D. All these are functions of the RBI E. None of these is functions of RBI 75. Ashutosh Choudhary assumed charge as Chief Risk Officer of Correct Answer: “D” A. 71. Which of the following was the first B. ICICI Bank small finance bank of the nation? C. HDFC Bank A. Au Small Finance Bank Ltd. D. IDBI Bank B. Fincare Small Finance Bank Ltd. E. SBI Bank C. Capital Small Finance Bank Ltd. Correct Answer: “A” D. Equitas Small Finance Bank Ltd. E. Ltd. 76. Which of the following is the new accounting period of RBI? Correct Answer: “C” A. July-March 72. What is the share of State Government B. July-June in RRBs ? C. April-March 1. 50% D. January-December 2. 20% E. March- October 3. 75% Correct Answer: “C” 4. 35% 5. 15% 77. The Ministry of Labour and Employment has announced an increase in the variable Correct Answer: “5” dearness allowance (variable DA) of temporary central government employees from Rs 105 to per month.

A. Rs. 210 B. Rs. 110

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C. Rs. 510 A. Association D. Rs. 400 B. Action E. Rs. 310 C. Amortization D. Abolition Correct Answer: “A” E. Asset 78. Which of the following statement is Correct Answer: “B” INCORRECT about BASEL norms? 82. ______is a category of money A. Basel Norms are international banking supply that includes all physical money such regulations issued by the Basel Committee on as coins and currency, demand deposits and Banking Supervision (BCBS). other liquid assets held by the central bank. B. As on August 2020, it comprises 45 members consisting of Central Banks and A. Broad money authorities. B. Near money C. India is NOT a member of BSBS. C. Liquid assets D. Basel norms is an effort to coordinate D. Narrow money banking regulations across the globe, with the E. Financial instruments goal of strengthening the international Correct Answer: “D” banking system. E. Basel norms get the name from the location 83. When the Base effect is considered while of its administrative office in Basel, measuring Inflation then that is called as Switzerland. .

Correct Answer: “C” A. Core Inflation B. Headline Inflation 79. Total Number of Deputy Governors of C. Creeping Inflation RBI? D. Tottering Inflation 1. 5 E. None of the above 2. 6 Correct Answer: “B” 3. 2 4. 4 85. Which of the following sections of RBI 5. 1 Act provides central bank, the authority to print currency notes? Correct Answer: “4” A. Section 12 80. CMBs are short term bills issued by the B. Section 16 central government. What does ‘C’ in CMB C. Section 22 stand for? D. Section 10 A. Credit E. Section 8 B. Common Correct Answer: “C” C. Calculated D. Cost 86. has pegged India’s economic E. Cash growth for fiscal 2021-22 as measured by gross domestic product (GDP) at Correct Answer: “E” A. 10% 81. FATF is an international organisation B. 11% that prevents money laundering and terrorist C. 17.7% financing. What does ‘A’ in FATF stand for?

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D. 7.7% 91. Which among the following is the best E. 6.5% indicator to evaluate the standard of living of the people belonging to a particular nation? Correct Answer: “D” A. Service sector income 87. The Reserve Bank of India recently B. Gross production in the country slapped a loan of ₹ 10 crore on which of the C. Agriculture sector income following banks? D. Infrastructure facilities available A. ICICI Bank E. Per capita income B. HDFC Bank Correct Answer: “E” C. D. State Bank 92. Which of the following is not a derivative E. Axis Bank instrument?

Correct Answer: “B” A. Options B. Cash & cash equivalents 88. According to the RBI Annual Report 2020 C. Forward Contract – 21, bank frauds witnessed a fall of D. Both (a) & (c) A. 12% E. None of the above B. 11.56% Correct Answer: “B” C. 25% D. 36% 93. Who has recently been elected as the E. None of the above options new president of Industry chamber CII?

Correct Answer: “C” A. T V Narendran B. K. Narendran 89. The International Finance Corporation C. V Sushil Kumar (IFC) is an organization dedicated to helping D. G. Prakash Kumar the private sector within developing E. T. P.Rao countries. Where is it headquartered at? Correct Answer: “A” A. Geneva, Switzerland B. Berlin, Germany 94. Who is nominated as the Director- C. Paris, France General of the United States & Foreign D. The Hauge, Netherlands Commercial Service and the Assistant E. Washington, USA Secretary for Global Markets in the Department of Commerce? Correct Answer: “E” A. Aravind Venkataraman 90. Economic planning is often regarded as a B. Arjun Venkataraman technique of managing an economy. From C. Aswin Venkataraman whom India formed the concept of economic D. Arun Venkataraman planning? E. Athidi Venkataraman A. UK Correct Answer: “A” B. Russia C. USA 95. ‘AXZB0000558’ is the IFSC code of a D. Germany bank. What does ‘000558’ (the last six digits) E. Australia of this code represents?

Correct Answer: “B” A. Bank code B. Branch code

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C. Account holder's details Correct Answer: “D” D. Control Digits 100. The alphabetical letter ‘H’ is inserted as E. Transaction Number identification mark in which rupee note for Correct Answer: “B” visually impaired persons?

96. With whom did ICICI Lombard partner A. ₹ 2000 rupee note with to strengthen and automate the quality B. ₹ 100 rupee note control processes recently? C. ₹ 500 rupee note D. All of these A. Google E. ₹ 200 rupee note B. Infosys C. CTS Correct Answer: “E” D. Microsoft 101. Bharti AXA Life recently signed a pact E. TCS with which of the following small finance Correct Answer: “D” bank?

97. What is the amount to be borrowed to A. Ujjivan Small Finance Bank fund the shortfall in cess collections needed B. Shivalik Small Finance Bank to compensate states under the Goods and C. AU Small Finance Bank. Services Tax agreement, as per the latest GST D. Capital Small Finance Bank. council meeting? E. Fincare Small Finance Bank.

A. Rs 1.68 lakh crore Correct Answer: “B” B. Rs 1.78 lakh crore 102. Which of the following bank has C. Rs 1.58 lakh crore appointed S K Majumdar as its chief financial D. Rs 1.48 lakh crore officer? E. Rs 1.28 lakh crore A. Canara Bank Correct Answer: “C” B. SBI Bank 98. Which organization used to do functions C. HSBC Bank of the central bank before the formation of D. HDFC Bank RBI? E. IDBI Bank

A. Correct Answer: “A” B. Punjab National Bank 103. Which of the following tied up with C. Bank of England Mahindra Rural Housing Finance for a cash D. East India Bank management solution? E. Commonwealth Bank A. IFSI Correct Answer: “A” B. NAFED 99. Rate charged to a merchant for payment C. ICCCI processing services on debit and credit card D. IPPB transactions is _. E. RBI

A. Merchant Transaction Rate Correct Answer: “D” B. Digital Payment Tax

C. Processing Fee Rate D. Merchant Discount Rate E. Bargain Margin

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104. Which of the following bank has 108. Who among the following has been appointed the deputy registrar RS Dhondkar, appointed as the Managing Director and CEO as liquidator? of RBL Bank?

A. A.P. Mahesh Cooperative Urban Bank Ltd A. Sandeep Bakhshi B. Vishakhapatnam Cooperative Bank Ltd B. Shyam Srinivasan C. Shivajirao Bhosale bank Ltd C. S Sundar D. Vishakhapatnam Cooperative Bank Ltd D. V. Vaidyanathan E. Mapusa Urban Coop Bank of Goa Ltd E. Vishwavir Ahuja

Correct Answer: “C” Correct Answer: “E”

105. Shree Malani Foams Pvt Ltd recently 109. Which of the following International won the Star Export House Award. Which financial institution has signed a loan ministry is associated with conferring the agreement with India to support project Star Export House Award? preparation and design activities to upgrade major district roads in Sikkim? A. Ministry of Home Affairs B. Ministry of Commerce and Industry A. World Bank C. Ministry of Finance B. New Development Bank D. Ministry of Power C. Asian Infrastructure Investment Bank E. Ministry of Corporate Affairs D. Asian Development Bank E. International Monetary Fund Correct Answer: “B” Correct Answer: “D” 106. Open Market Operations refers to the buying and selling of bonds issued by the 110. Recently, The Reserve Bank Of India Government in the open market. Which of kept the Bank rate at 4.25%. Which of the the following are the two types of open following statement best defines the term market operations? Bank rate?

A. Outright and Forward A. It is the rate charged by the central bank B. Reverse repurchase agreement and for lending funds to commercial banks Repurchase agreement B. It is a window for banks to borrow from the C. Outright and Repurchase agreement Reserve Bank of India in an emergency D. Forward and backward situation when inter-bank liquidity dries up E. None of the above completely C. It is the rate at which the central bank of a Correct Answer: “C” country borrows money from commercial 107. HDFC is one of the largest private sector banks within the country. banks in India. What does the "C" represent D. It is the amount that banks have to in HDFC? maintain a stipulated proportion of their net demand and time liabilities in the form of A. Credit liquid assets. B. Committee E. None of the above C. Corporation D. Cooperation Correct Answer: “A” E. Capital 111. _____and _____ have recently won the Correct Answer: “C” International Business Book of the Year Award 2021.

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A. Nitin Rakesh, C.N. Rao A. HDFC Bank B. Jerry Wind, C.N. Rao B. HSBC Bank C. Jerry Wind, Nitin Rakesh C. SBI Bank D. Nitin Rakesh, Raghuram Rajan D. Axis Bank E. Raghuram Rajan, Jerry Wind E. ICICI Bank

Correct Answer: “C” Correct Answer: “A”

112. Which of the following umbrella 116. The government has given a nine- organization for retail payments in India has month extension to the LIC chairman onboarded PayCore, a global payments recently. Who is the chairman of LIC? solutions company based out of Turkey, to A. M R Kumar develop SoftPoS solutions? B. Sushil Nair A. NTPC C. Sumit Kumar B. UPI D. Arjun Kapoor C. Phone pay E. Ashita Jain D. Paypal Correct Answer: “A” E. NPCI 117. RBI approved the re-appointment of Correct Answer: “E” Girish Chandra Chaturvedi as part- time 113. Which of the following pharmaceutical Chairman of ______. company has recently acquired trademarks, A. SBI Bank patent license for dapagliflozin from B. ICICI Bank AstraZeneca? C. IDBI Bank A. AstraZeneca D. HDFC Bank B. BharatBiotech E. HSBC Bank C. Correct Answer: “B” D. Dr Reddys Labs E. Cadila Health 118. Recently, the Appointments Committee of the Cabinet approved the re- Correct Answer: “C” appointment of Mahesh Kumar Jain. He is 114. Which of the following group recently associated with which of the following joined with the energy investment program portfolio? of Bill Gates to boost green technology? A. Deputy Governor, Reserve Bank of India A. BRICS B. Chief Election Commissioner of India B. SAARC C. Attorney General of India C. OPEC D. Chairman of LIC D. EU E. None of the above E. ASEAN Correct Answer: “A” Correct Answer: “D” 119. Which of the following nation has 115. Karnataka Industrial Area Development became the first country in the world to Board (KIADB) has signed a Memorandum of adopt bitcoin as legal tender? Understanding (MoU) with _____ to provide A. Armenia a wide range of financial products and B. Soloman Island services to its customers. C. Bermuda

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D. Costa Rica from ______, if they exceed the monthly E. El Salvador limit of free transactions

Correct Answer: “E” A. January 1, 2023 B. March 1, 2022 120. International Financial Services Centers C. January 1, 2022 Authority (IFSCA) constituted panel on D. December 1, 2021 variable capital company submitted its E. December 31, 2021 report recently. Who headed this Expert Committee on Variable Capital Company? Correct Answer: “C”

A. B.N. Krishnan 124. Healthcare company Practo has B. Saikrishna Rao recently joined hands with which of the C. C. K. Reddy following bank to provide health and D. Sushil Kumar wellness plans to their existing and former E. K P Krishnan employees?

Correct Answer: “E” A. ICICI Bank B. HDFC Bank 121. World Bank has recently approved C. SBI Bank program to help boost India's MSME sector. D. A. USD 200 million E. CSB Bank B. USD 700 million Correct Answer: “D” C. USD 600 million D. USD 400 million 125. Foreign portfolio investors investment E. USD 500 million during the current fiscal in G-secs and SDLs will remain unchanged at 6 per cent and 2 Correct Answer: “E” per cent respectively, of outstanding stocks 122. Read the following statements: of securities for 2021-22. Here SDLs stands for _____. A. This was the fourth edition of the 'World's Best Banks' list by Forbes, conducted in A. Sustainable Development Loans partnership with market research firm Statista B. Statutory Development Loans B. The only cooperative bank in the list of 30 C. State Development Loans banks is the Andhra Pradesh State Co- D. Small Development Loans operative Bank. C. The second bank on the list E. Sanctioned Development Loans is Kerala-based CSB Bank, followed by ICICI Correct Answer: “C” Bank, HDFC Bank, Kotak Mahindra Bank, and Axis Bank Choose the correct statements?

A. Only A B. Only B and C C. Only C D. Only A and B

Correct Answer: “B”

123. The Reserve Bank permitted banks to increase charges recently. Therefore, bank customers will have to pay Rs 21 per transaction, instead of Rs 20, with effect

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126. The Reserve Bank of India (RBI) has 130. Recently, Reserve Bank of India allowed cleared the re-appointment of Chandra which of the following as a biller category to Shekhar Ghosh as the Managing Director and expand the scope of Bharat Bill Payment Chief Executive Officer (CEO) of . System (BBPS)?

A. A. Mobile postpaid recharges B. Axis Bank B. Mobile Prepaid recharges C. C. Gas bill D. ICICI Bank D. Electricity Bill E. HDFC Bank E. Water bill

Correct Answer: “A” Correct Answer: “B”

127. Which of the following bank has 131. Ajai Puri has been re-elected as recently announced the launch of ‘GharGhar Chairman of Cellular Operators' Association Ration’ Program, an employee-funded of India (COAI) for 2021-22. He is the Chief program for its low-income customers whose Operating Officer of which of the following livelihoods are affected by COVID-19? companies?

A. ICICI Bank A. Bharti Airtel B. IDFC FIRST Bank B. Vodafone Idea Limited C. SBI Bank C. Reliance Jio Infocomm D. Axis Bank D. Bharat Sanchar Nigam Limited E. IDBI Bank E. IBM India

Correct Answer: “B” Correct Answer: “A”

128. Which of the following merchant 132. Read the following statements:- payment and lending service provider has A. Recently, Indian foreign exchange reserves acquired Payback India from American crossed the USD 600 billion mark for the first Express and ICICI Investments Strategic time after increasing by USD 6.842 billion. Fund? B. Gold reserves declined by USD 502 million to USD 37.604 billion. A. PayUmoney C. Reserve position with the IMF also dropped B. Paytm by USD 16 million to USD 5 billion. C. BharatPe D. Razorpay Select the correct statements from the E. PayPal India option?

Correct Answer: “C” A. Only A B. Only B 129. According to Fitch Solutions, the C. Only C average Indian household will spend percent D. All of the above of the total household budget on food in E. None of the above 2025. Correct Answer: “D” A. 35.3 B. 100 133. The Reserve Bank of India (RBI) has C. 54.68 cleared the re-appointment of Chandra D. 48 Shekhar Ghosh as the Managing Director and E. 75 Chief Executive Officer (CEO) of_ .

Correct Answer: “A”

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A. Bandhan Bank A. NSE B. Axis Bank B. BSE C. Yes Bank C. Nasdaq D. ICICI Bank D. London stock exchange E. HDFC Bank E.

Correct Answer: “A” Correct Answer: “B”

134. According to the Controller General of 138. Which of the following prepaid gift card Accounts (CGA) data, Fiscal deficit for 2020- has recently launched by LIC Cards Service in 21 stands at collaboration with IDBI Bank on the RuPay platform? A. 9.3% B. 7.4% A. Shagun C. 10% B. Shakti D. 11% C. Samman E. 12% D. Suvarna E. None of the above Correct Answer: “A” Correct Answer: “A” 135. Kia Motors India is now Kia India, the new name ratified by which of the following 139. Private lender ICICI Bank has recently ministry? announced the launch of ‘ICICI Stack for ______’. A. Ministry of Home Affairs B. Ministry of Commerce and Industry A. Students C. Ministry of Finance B. Unemployed persons D. Ministry of Defence C. Women E. Ministry of Corporate Affairs D. Corporates E. PSUs Correct Answer: “E” Correct Answer: “D” 136. Amartya Sen is to be honored with Spain's Princess of Asturias Award 2021. 140. Which of the following country topped Amartya Sen is a(n) the Global financial attractiveness rankings for 3rd consecutive year? A. Environmentalist B. Economist A. Italy C. Cardiologist B. India D. Broadcaster C. Qatar E. Politician D. Australia E. Bahrain Correct Answer: “B” Correct Answer: “E” 137. Which of the following stock exchange has recently signed a memorandum of 141. The total value of the world's top 100 understanding (MoU) with Electronics and most valuable insurance brands, stood at Computer Software Export Promotion billion in 2021. Council (ESC) to create awareness about A. $333.0 benefits of listing among information and B. $433.0 communications technology (ICT) SMEs and C. $733.0 startups?

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D. $833.0 C. Ministry of Communications E. $933.0 D. Ministry of Education E. Ministry of Information and Broadcasting Correct Answer: “B” Correct Answer: “A” 142. LIC-controlled IDBI Bank turned profitable in the fiscal ended in March 2021 146. Under the provisions of ______after five years, posting a net profit of Rs Monetary Policy Committee of RBI is set up. ______crore for the year. A. RBI Act,1934 A. 1,159 B. Banking regulation act,1949 B. 1,259 C. Banking regulation act, 1952 C. 1,359 D. RBI amendment act, 1953 D. 1,459 E. Companies Act ,2013 E. 1,659 Correct Answer: “A” Correct Answer: “C” 147. Under the ‘Tarun’ category of MUDRA 143. RBI recently extended restrictions on Bank loans, what is the maximum amount ______based by 3 months. (limit) that is covered?

A. Bihar, Millath Co-operative Bank A. 2 Lakhs B. Karnataka, Millath Co-operative Bank B. 5 Lakhs C. Karnataka, Zillath Co-operative Bank C. 10 Lakhs D. Bihar, Zillath Co-operative Bank D. 20 Lakhs E. Karnataka, Qillath Co-operative Bank E. 50 Lakhs

Correct Answer: “B” Correct Answer: “C”

144. UEBA is meant for accessing formal 148. Regional Rural Banks (RRBs) are Indian credit for low-income households and small Scheduled Commercial Banks operating at businesses. What does ‘E’ in UEBA stand for? regional level in different States of India. When was the RRB’s started operation in A. Efficient India? B. Electronic C. Exchange A. 1949 D. Equity B. 1975 E. External C. 1981 D. 1962 Correct Answer: “B” E. 1959 145. HDFC Bank and Common Services Correct Answer: “B” Centers (CSCs) jointly announced the launch of chatbot ‘Eva’ on CSC’s Digital Seva Portal 149. The International Bank for to support Village Level Entrepreneurs Reconstruction and Development (IBRD) is (VLEs). CSC e-Governance Services India an international financial institution that Limited, a Special Purpose Vehicle, has been offers loans to which among the following set up by the _ under the Companies Act, category? 1956 A. Multinational financial institutions A. Ministry of Electronics and Information B. Developed counties Technology C. Non-government organizations B. Ministry of Corporate Affairs

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D. Multinational banks 154. Which of the following online E. Middle income developing countries investment platform will acquire Indiabulls Asset Management Company from Indiabulls Correct Answer: “E” Housing Finance for a consideration of Rs 175 150. Which of the following institution has crores? cancelled the license of United Co-operative A. Fidelity investments Bank Ltd, Bagnan in West Bengal due to poor B. financial condition? C. Clearfunds A. RBI D. B. Ministry of Finance E. Orowealth C. Registers of Cooperative societies Correct Answer: “B” D. NABARD E. All of the above 155. Which of the following regulator is approved the acquisition of Yes Asset Correct Answer: “A” Management (India) Ltd and Yes Trustee 151. Which of the following bank has Limited by GPL Finance and Investments Ltd? recently launched the 'I choose my number' A. RBI feature for all its customers across India? B. SIDBI A. Jana Small Finance Bank C. NABARD B. Ujjivan Small Finance Bank D. SEBI C. Equitas Small Finance Bank E. CCI D. A U Small Finance Bank Correct Answer: “E” E. Capital Small Finance Bank. 156. According to S&P Global Market Correct Answer: “A” Intelligence data, is the second-largest 152. Which of the following organisation insurance technology market in Asia-Pacific. publishes the World Development Report? A. China A. UNDP B. India B. IMF C. Singapore C. World Bank D. Vietnam D. International Labour Organization E. Japan E. World Economic Forum Correct Answer: “B” Correct Answer: “C” 157. Read the following statements about 153. Which of the following institution has Wholesale Price Index in India. I. The Office cancelled the license of United Co-operative of Economic Adviser, Department for Bank Ltd, Bagnan in West Bengal due to poor Promotion of Industry and Internal Trade is financial condition? releasing index numbers of Wholesale Price in India. II. Wholesale Price Index (WPI) is A. RBI released on the 14th of every month (or the B. Ministry of Finance next working day) with a time lag of two C. Registers of Cooperative societies weeks of the reference month. III. After 10 D. NABARD weeks, the provisional index of Wholesale E. All of the above price is finalized, released, and frozen Correct Answer: “A” thereafter.

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Choose the correct one? D. Universal Banking E. Unrestricted Banking A. Only I B. Only II Correct Answer: “”D C. Only III 162. Article _____ of the Indian Constitution D. Only I and III defines the Union Budget of a year, also E. All of the above referred to as the annual financial statement. Correct Answer: “E” A. 3 158. The Integrated Ombudsman Scheme will B. 11 be rolled out in C. 112 D. 34 A. April 2021 E. 254 B. July 2021 C. March 2021 Correct Answer: “C” D. June 2021 163. Which of the following is the first E. December 2021 foreign bank in India to launch a 'Green Correct Answer: “B” Deposit Programme’?

159. Which of the following institutions have A. HSBC India. launched India’s first and unique Agriculture B. Deutsche Bank Export Facilitation Centre in Pune? C. DBS Bank. D. Barclays Bank. A. MCCIA and NABARD E. B. NABARD and ICAR C. ICAR and MCCIA Correct Answer: “A” D. MCCIA and ICCI 164. Consider the following statements E. ICCI and NABARD regarding Non-scheduled banks A. Non- Correct Answer: “A” scheduled banks are often denied the benefits enjoyed by scheduled banks. B. Non- 160. According to EY's 57th Renewable scheduled banks are not eligible to be a Energy Country Attractiveness Index (RECAI). member of a clearinghouse. C. Non- Which of the following countries ranked the scheduled banks cannot facilitate interbank top three positions in the Index? financial transactions and the clearance of A. India, US and UK cheques. Choose the incorrect statements? B. UK, Finland and Japan A. only A C. India , Japan and US B. Only B D. US, China and India C. Only C E. China, US and Finland D. All of the above Correct Answer: “D” E. None of the above

161. Which of the following types of banking Correct Answer: “E” offers all kinds of financial services like 165. BSE and NSE announce the daily limits banking, insurance, mutual funds, etc.? for every stock before the start of the day. A. Comprehensive Banking Each stock has a certain limit up to which it B. Complete Banking can move, for a given day. This is called . C. Unlimited Banking

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A. freeze filter D. 13,775 crore B. shock filter E. 14,775 crore C. cut filter Correct Answer: “E” D. cult filter E. circuit filter 170. Which bank issued India's first foreign portfolio investor (FPI) licence to the GIFT Correct Answer: “E” IFSC alternative investment fund (AIF) of 166. HyperVerge recently announced its True Beacon Global? partnership with which of the following bank A. HDFC Bank to facilitate the AI-powered Online Account B. Axis Bank Opening? C. ICICI Bank A. IDBI Bank D. Kotak Mahindra Bank B. ICICI Bank E. SBI C. SBI Bank Correct Answer: “D” D. HDFC Bank E. BOB Bank 171. Who has been appointed as CEO of Reserve Bank Innovation Hub? Correct Answer: “C” A. Rajesh Bansal 167. Which of the following bank recently B. Rajeev Bansal announced the launch of its fully digitized C. Rakesh Bansal loan processing system, offering over 50 D. Ravi Bansal products to MSME and the agriculture E. Ramesh Bansal sector? Correct Answer: “A” A. IDBI Bank B. ICICI Bank 172. Who launched the Vision LifeIncome C. SBI Bank plan that will provide customer with the D. HDFC Bank comfort of a guaranteed regular income for E. BOB Bank up to 30 years?

Correct Answer: “A” A. SBI Life Insurance B. Kotak Mahindra Life Insurance 168. Regional Rural Banks were established C. Aditya Birla Sun Life Insurance under the provisions of D. Tata AIA Life Insurance A. RBI act 1935 E. Max Life Insurance Co. Ltd. B. RBI act 1960 Correct Answer: “C” C. RRB act 1976 D. RRB act 1990 173. What was SBI's reported net profit for E. RRB act 1985 March quarter?

Correct Answer: “C” A. ₹6,661 crore B. ₹6,451 crore 169. The union government has decided to C. ₹6,135 crore increase the fertilizer subsidy outlay for FY D. ₹6,566.8 crore 2022 by E. ₹6,455 crore A. 17,775 crore Correct Answer: “B” B. 140,775 crore C. 150,775 crore

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174. Read the following statements about D. 8.4% Scheduled banks E. 7.7%

A. Scheduled banks are banks that are listed Correct Answer: “B” in the 2nd schedule of the Reserve Bank of 178. MMID is a ______digit code issued by India Act, 1934. the bank. B. The bank's paid-up capital and raised funds must be at least Rs5 lakh to qualify as a A. 11 scheduled bank. B. 9 C. Scheduled banks are liable for low-interest C. 8 loans from the Reserve Bank of India and D. 7 membership in clearinghouses. Choose the E. 5 correct statements Correct Answer: “D” A. Only A B. Only B 179. Which among the following is false C. Only C regarding reverse repo rate? D. Both A and C A. During high levels of inflation, the RBI E. All of the above decreases the reverse repo Correct Answer: “E” B. Reverse repo rate is lower than the repo rate 175. RBI has made interoperability C. It is used as a measure to manage cash flow mandatory for Prepaid Payment D. It involves the transfer of money from one Instruments. It has advised banks and account to another companies to enable interoperability by E. It is the rate at which the RBI borrows from the commercial banks A. March 31,2023 B. December 31,2022 Correct Answer: “A” C. March 31,2022 D. December 31,2021 180. Which of the following regulates the E. None of the above Capital Market in India?

Correct Answer: “C” A. RBI B. NITI Aayog 176. In 2017, the State Bank of India (SBI) C. SEBI merged with its _____ associate banks. D. IRDAI E. Ministry of Finance A. three B. five Correct Answer: “C” C. four D. Six 181. World Bank has suspended the 'Ease of E. Seven Doing Business' report. Pick out the report which is NOT published by World Bank. Correct Answer: “B” A. Remittance Report 177. The State Bank of India Research Report B. Ease of Living Index has revised India's FY22 growth to ___from C. India Development Update 11% D. Universal Health Coverage Index E. World Economic Outlook A. 11.6% B. 10.4% Correct Answer: “E” C. 9.2%

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182. Foreign bonds are issued in a domestic A. Bank of Baroda market by a foreign issuer—but in the B. State Bank of India currency of the domestic country. What is C. the name of the bond issued in the US D. Dollars? E. Canara Bank

A. Samurai Bonds Correct Answer: “C” B. Yankee Bonds 187. Which of the following is the first listed C. Matilda Bonds NBFC in India to receive a licence for forex D. Maple Bonds business? E. Bulldog Bond A. Power Finance Corporation Limited Correct Answer: “B” B. Bajaj Finance Limited 183.Following RBI, IRDAI has also allowed C. Capital India Finance Limited insurance companies to use video-based KYC. D. Muthoot Finance Ltd Where is it headquartered? E. None of the above

A. New Delhi Correct Answer: “C” B. Chennai 188. Which of the following institution has C. Pune recently imposed a penalty of Rs 40 lakh on D. Mumbai Himachal Pradesh State Cooperative Bank? E. Hyderabad A. Register of cooperative societies Correct Answer: “E” B. NABARD 184. Which of the following entity will set up C. RBI an innovation hub which will focus on future D. Ministry of Finance technology in the financial services space? E. None of the above

A. Ministry of Finance Correct Answer: “C” B. Reserve Bank of India 189. RBI capped the tenure of MD, CEO, and C. State Bank of India whole-time director (WTD) of private sector D. Both 1 and 2 banks at ______and the upper age limit for E. None of the above these posts will be ______. Correct Answer: “B” A. 10 years, 70 years 185. What is the minimum tenure of an B. 15 years, 75 years FCNR account? C. 15 years, 60 years D. 10 years, 65 years A. Two Years E. 15 years, 70 years B. Six Months C. Seven Days Correct Answer: “E” D. One Year 190. The ratio of liquid assets to net demand E. Five Years and time liabilities (NDTL) is called Correct Answer: “D” A. Base Rate 186. According to the latest EASE 2.0 Index, B. Bank Rate which of the following Public Sector Bank C. Repo Rate topped the Top Improvers category? D. SLR Rate E. MCL Rate

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Correct Answer: “D” 195. The Asian Development Bank recently released its Asian Development Outlook, 191. Recently, Who has been nominated by 2021. According to the report, India is to the central government to the Central Board grow at in the current fiscal year 2021-22. of Reserve Bank of India? A. 12% A. Tarun Bajaj B. 15% B. Ajay Seth C. 11% C. Amitabh Kant D. 16% D. Rajiv Kumar E. 18% E. Rajiv Mehrishi Correct Answer: “C” Correct Answer: “B” 196. Recently, an American-British 192. Which of the following recently information provider- IHS Markit forecasted announced a goal to scale regenerative India's FY22 GDP growth at ____amid rising farming practices across 3 Million hectares Covid cases. by 2030? A. 9.6 A. PepsiCo B. 11.5 B. Nestle C. 7.5 C. Mondelez D. 4.5 D. Sysco Corp. E. 3.6 E. Tyson Foods Correct Answer: “A” Correct Answer: “A” 197. Which of the following bank recently 193. ‘ABC’ bank needs certain amount of launched a digital and contactless banking money for a time period of 24 hours. Which platform for merchants called ‘Merchant among the following market should it Stack’? approach? A. SBI bank A. Notice money market B. ICICI bank B. Call money market C. Axis bank C. Commodity market D. IDBI bank D. Capital market E. HDFC bank E. Stock market Correct Answer: “B” Correct Answer: “B” 198. RBI has recently joined the Central 194. Which among the following is true Banks and Supervisors NGFS as a member. regarding Retail banking? What does 'N' in NGFS short for? A. Type of banking in which direct dealing A. National with retail customers is done. B. Network B. Popularly known as consumer banking C. Neutral C. Visible face of banking to the general public D. Net D. Individual customers use local branches of E. Noble larger commercial banks E. All the above Correct Answer: “B”

Correct Answer: “E” 199. In economy; Gini - coefficient is mainly used to measure .

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A. Poverty 204. Recently Asian Development Bank B. Income Inequality approves a $231 Million Loan for a Kopli C. Investment inequality Hydropower Project. It is located in which D. Gender Inequality Indian state? E. All of the above A. Assam Correct Answer: “B” B. Manipur C. Tripura 200. Which of the following recently decided D. Goa to stop their retail banking operations in 13 E. Nagaland countries including India? Correct Answer: “A” A. Citigroup B. Deutsche 205. Who is to succeed B P Kanungo as RBI C. Barclays deputy governor? D. HSBC A. T Rabi Sankar E. B. Mahesh Kumar Jain Correct Answer: “A” C. Michael Patra D. M Rajeshwar Rao 201. Which bank won women leader of the E. S. S. Mundra year award at the Frontiers In Awards 2020 recently? Correct Answer: “A”

A. KVB 206. Which of the following is issued by a B. Bandhan Bank bank that guarantees the buyer’s payment to C. Indian Bank sellers would be received on time with the D. correct amount? E. Canara Bank A. Commercial Paper Correct Answer: “D” B. Dated Securities C. Bill of Exchange 202. What are the maturity period and the D. Promissory Notes fixed interest rate of Sovereign Gold Bond E. Letter of Credit Scheme? Correct Answer: “E” A. 3 years and 1.5% B. 5 years and 4.5% 207. As per a report by London-based C. 8 years and 2% consultancy firm Brand Finance, LIC emerged D. 8 years and 2.5% as the most valuable insurance brand E. 5 years and 1.5% globally.

Correct Answer: “D” A. 9th B. 10th 203. With which IIT did PNB collaborate to C. 11th set up Fintech Innovation Centre? D. 12th A. Kanpur E. 8th B. Delhi Correct Answer: “B” C. Mumbai D. Indore 208. Name the first to E. Kharagpur increase the Day-End Balance Limit To ₹ 2 Lakh? Correct Answer: “A”

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A. Correct Answer: “A” B. 213. Which of the following regulates the C. money market in India? D. E. None of the above A. RBI B. NITI Aayog Correct Answer: “A” C. SEBI 209. GST collection has hit an all-time high of D. IRDAI over Rs 1.41 lakh crore in April. It is % more E. Ministry of Finance than in March. Correct Answer: “A” A. 11 214. Which among the following is NOT B. 12 categorized under Priority Sector? C. 13 D. 14 A. Export Credit E. 15 B. Social Infrastructure C. Renewable Energy Correct Answer: “D” D. All of the above 210. Which bank joined hands with Shivrai E. None of the above Technologies, Indian AgTech company, Correct Answer: “E” recently to launch small farm accounting mobile application, Farmizo Khata? 215. Validity of a Priority Sector Lending Certificate is every year till A. SBI B. ICICI A. February 28 C. Axis Bank B. April 31 D. HDFC C. May 1 E. Yes Bank D. March 1 E. March 31 Correct Answer: “A” Correct Answer: “E” 211. Which of the following one represents insurance penetration? 216. Recently, RBI approved the 3-Member Committee of Directors to Manage Laxmi A. % of total insurance premium to GDP Vilas Bank. Its Headquarters is located at? B. % of total insurance premium to GNP C. % of total insurance premium to NNP A. Chennai D. % of total insurance premium to NDP B. Thiruvananthapuram E. None of the above C. Hyderabad D. Bengaluru Correct Answer: “A” E. Mumbai 212. Which of the following one is to provide Correct Answer: “A” a hedge and to safeguard the investor against macroeconomic risks in an economy? 217. Which of the following indicators are used to calculate the Human Development A. Inflation-Indexed Bond Index? a. Health b. Education c. Standard of B. Masala Bond living d. Per capita income e. Political C. Zero Interest Rate Bonds Stability Select the correct one D. Floating Rate Bonds E. Corporate Bonds

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A. a, c, d & e Correct Answer: “C” B. b, c, e & d 222. Which of the following helps banks to C. a, d & c only offer a large number of customer- centric D. a, b & c only services on a 24×7 basis from a single E. All of the above location? Correct Answer: “D” A. Versatile Banking 218. A/an is a kind of mutual fund that B. Palm Banking invests only in highly liquid instruments. C. Shadow Banking D. Universal Banking A. Capital market fund E. Core Banking Solution B. High yielding fund C. Liquid asset fund Correct Answer: “E” D. Minimum risk fund 223. Goldman Sachs has lowered its estimate E. Money market fund for India's economic growth to ___in fiscal Correct Answer: “E” year to March 31, 2022.

219. India recently notified a digital tax A. 10% threshold of Rs 2 crore and 300,000 users for B. 12% non-resident technology firms. This will C. 15% come into effect from D. 11% E. 4% A. December 31, 2021 B. December 31, 2023 Correct Answer: “D” C. April 1, 2022 224. The Reserve Bank of India (RBI) has D. April 1, 2023 excluded (LVB) from the E. December 31, 2022 Second Schedule of the RBI Act after it was Correct Answer: “C” merged with which of the following bank?

220. Lead Bank Scheme was Introduced by A. SBI Bank ______in December 1969. B. DBS Bank C. IDBI Bank A. Reserve Bank of India D. HDFC Bank B. Ministry of Finance E. Yes Bank C. NABARD D. NPCI Correct Answer: “B” E. None of these 225. SC ruled that Co-operative Banks will be Correct Answer: “A” under the ambit of SARFAESI Act. What does the second 'A' in SARFAESI stand for? 221. The Government of India framed "Insurance Ombudsman Rules, 2017" under A. Authority section _____ of the Insurance Regulatory B. Assets and Development Authority Act, 1999. C. Ambiguity D. Amortized A. 26 E. Adjusted B. 23 C. 24 Correct Answer: “B” D. 25 E. 22

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226. When some workers are temporarily C. National Payments Corporation of India out of work while changing jobs, it is termed D. World Payment Corporation as______. E. International Monetary Fund Unified Payment Interface A. Voluntary Unemployment B. Casual Unemployment Correct Answer: “C” C. Structural Unemployment 231. Recently Asian Development Bank D. Frictional Unemployment approves a $231 Million Loan for a Kopli E. Cyclical Unemployment Hydropower Project. It is located in which Correct Answer: “D” Indian state?

227. Which of the following term means A. Assam generating funds to finance the gap which B. Manipur results from excess of expenditure over C. Tripura revenue? D. Goa E. Nagaland A. Budget Financing B. Alternative Financing Correct Answer: “A” C. Deficit Financing 232. Which of the following one is not a D. Mean Financing Financial regulator in India? E. Systemic Financing A. SEBI Correct Answer: “C” B. RBI 228. SBI Funds Management Pvt. Ltd recently C. PFRDA became the first mutual fund house in India D. IRDA to cross the ______average assets under E. None of the above management (AAUM) mark. Correct Answer: “E” A. ₹5 lakh crore 233. Which of the following is a Savings B. ₹10 lakh crore account maintained in Indian Currency C. ₹15 lakh crore where one invests his foreign income earned D. ₹20 lakh crore outside India? E. ₹50 lakh crore A. Non – Resident Ordinary Account Correct Answer: “A” B. Non – Resident External Account 229. Which of the following are the main C. NOSTRO elements of MCLR? D. Foreign Currency Non – Resident Account E. Resident Foreign Currency Account A. Tenor premium B. Marginal cost of funds Correct Answer: “B” C. Operating Cost 234. Which of the following bank is the D. Negative carry on account of CRR biggest sponsor of Regional Rural Banks E. All of the above functioning in India? Correct Answer: “E” A. State Bank of India 230. UPI was developed by which of the B. Canara Bank following entities? C. D. Punjab National Bank A. The US Federal Reserve E. Bank of Maharashtra B. Bank of China

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Correct Answer: “A” A. Units B. Unified 235. Where is the headquarters of Bandhan C. Union Bank located? D. Ultra A. Kolkata E. Unite B. Mumbai Correct Answer: “A” C. Chennai D. New Delhi 240. ATMs which are set up and owned by a E. Nashik “non – bank” entity is called as .

Correct Answer: “A” A. BLA B. GLA

C. WLA 236. Which of the following does not come D. PLA under Differentiated Banks? E. Mobile ATMs

A. Universal Banks Correct Answer: “C” B. Payment Banks 241. ______has been fined Rs 25 crore by C. Small Finance Bank the Securities and Exchange Board of India D. Custodian Banks (SEBI) for fraudulent acts on customers in E. Wholesale and Long – Term Finance Banks 'Super FD' scheme. Correct Answer: “A” A. RBL Bank 237. What is the maximum maturity for a T – B. Yes Bank bill? C. Axis Bank D. DBS Bank A. 15 days E. None of these B. 91 days C. 182 days Correct Answer: “B” D. 364 days 242. Punjab National Bank celebrated its E. 182 days ______Foundation Day on Apr 12, 2021. Correct Answer: “D” A. 117th 238. Which of the following sections of the B. 127th RBI Act empowers the government to give C. 147th directions to RBI on matters of public D. 136th interest? E. 116th

A. Section 19 Correct Answer: “B” B. Section 17 243. Where is the headquarters of IndusInd C. Section 4 bank located? D. Section 13 E. Section 7 A. Mumbai B. Pune Correct Answer: “E” C. Chennai 239. 'Kishore' product under MUDRA covers D. Kolkata loans above ₹50,000 and up to 5,00,000. E. Delhi What does ‘U’ in MUDRA stands for? Correct Answer: “B”

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244. Which of the following tools was 248. Which of the following recently decided introduced by RBI in its Monetary Policy to stop their retail banking operations in 13 2011- 12? countries including India?

A. LAF A. Citigroup B. MSF B. Deutsche C. Reverse repo rate C. Barclays D. Repo rate D. HSBC E. MSS E. Royal Bank of Scotland

Correct Answer: “B” Correct Answer: “A”

245. Which of the following banks launched a 249. Indian Banks' Association (IBA) premium credit card on Mastercard World headquarters is located at Elite platform for High-Net-Worth-Individuals A. Pune in December 2020? B. Mumbai A. YES bank C. Delhi B. Canara bank D. Chennai C. Indian bank E. Kerala D. HDFC Correct Answer: “B” E. SBI 250. Who was announced as the new Correct Answer: “A” chairman of IDBI Intech, a wholly-owned subsidiary of IDBI Bank Ltd?

A. Suresh Khatanhar B. Subhash Khatanhar 246. RBI has decided to set up ABPC in C. Shivesh Khatanhar Jaipur. What does it stand for? D. Shiv Khatanhar A. Augmented Banknote Payment Centre E. Sairam Khatanhar B. Automatic Banknote Processing Centre Correct Answer: “A” C. Automated Banknote Payment Centre D. Automated Banknote Processing Centre 251. Which bank won women leader of the E. Assisted Banknote Processing Centre year award at the Frontiers In Cooperative Banking Awards 2020 recently? Correct Answer: “D” A. KVB 247. The Pay by Bank App is a mobile-based B. Bandhan Bank customer-friendly payment solution C. Indian Bank launched by ____ and ______. D. Repco Bank A. Mastercard, RBL bank E. Canara Bank B. Visa, RBL bank Correct Answer: “D” C. Paypal, SIB bank D. Mastercard, SIB bank 252. As per the Economic Survey of India, E. Maestro. RBL bank India’s insurance penetration is classified under which of the following category? Correct Answer: “A” A. Extremely Poor B. Extremely Low C. Below Average

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D. Lowest D. Depression E. None of the above E. None of the above

Correct Answer: “B” Correct Answer: “A”

253. Which one of the following is a 257. National Income at Current Prices is also selective tool of Monetary Policy? known as?

A. Open Market Operations A. Real Income B. Marginal Standing Facility B. Notional Income C. Margin Requirement C. Nominal Income D. Bank Rate D. Base Income E. All of the above E. None of the above

Correct Answer: “C” Correct Answer: “C”

254. S Ramann was appointed as SIDBI Chairman and Managing Director recently. 258. Which one of the following is used to Where is SIDBI headquartered? measure the Economic growth of a country? A. Kolkata A. Gross Domestic Product B. Mumbai B. Gross National Product C. Gurugram C. Net Domestic Product D. Lucknow D. Net National Product E. Chennai E. Difference between Exports and Imports of Correct Answer: “D” a nation

255. Which of the following is a primary role Correct Answer: “A” of the Reserve Bank of India? 259. Positive Pay system for cheques will be A. To Regulate and Supervise the Financial implemented from . System A. December 1, 2020 B. To Regulate and Supervise the Payment B. January 1, 2021 and Settlement Systems C. March 31, 2020 C. To performs merchant banking functions D. April 1, 2021 for the central and state governments. E. November 30, 2020 D. To manage the flow of foreign currency Correct Answer: “B” A. Only B and D B. Only B, C, and D 260. Bank branches are established under C. Only A, C, and D ______of Banking Regulations Act, 1949. D. Only A, B, and C E. All of the above A. Section 23 B. Section 20 Correct Answer: “E” C. Section 21 D. Section 22 256. A decrease in the price of the domestic E. Section 25 currency in terms of the foreign currency under floating exchange rates is known as? Correct Answer: “A”

A. Depreciation 261. Where is the headquarters of the B. Revaluation Export-Import Bank of India? C. Devaluation

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A. Mumbai Correct Answer: “B” B. Pune

C. Allahabad D. Chennai 266. Stagflation is an economic phenomenon E. New Delhi marked by?

Correct Answer: “A” A. Slow economic growth & rising prices B. Unemployment & reducing prices 262. Which of the following is South Africa‘s C. Fast economic growth & Inflation second-largest financial institution that D. High employment & Fast economic growth recently decided to quit India? E. Reduction in cost of goods & A. Citibank Unemployment B. FirstRand Correct Answer: “A” C. Yes bank D. HSBC India 267. Which of the following NBFCs got a E. Barclays Bank notice prior to canceling its license from RBI, after its net worth eroded below the Correct Answer: “B” regulatory minimum? 263. Name the world bank arm that recently A. Sambandh Finserve Pvt Ltd. decided to make a debt investment of $150 B. Muthoot Finance Ltd million in non-bank lender Bajaj Finance C. HDB Finance Services Limited. D. Tata Capital Financial Services Ltd A. IMF E. Power Finance Corporation Limited B. IBRD Correct Answer: “A” C. MIGA D. IDA 268. Read the following statements about E. IFC Credit Linked Subsidy and choose the correct option. Correct Answer: “E” A. Credit Linked Subsidy Scheme aimed to 264. Which of the bank recently signed an expand institutional credit flow to the housing MOU with SwitchON for Solar Pump needs of the rural poor. Financing? B. (NHB), Housing and A. SBI Urban Development Corporation (HUDCO), B. Bank of Baroda and State Bank of India(SBI) have been C. IDBI Bank identified as Central Nodal Agencies (CNAs) to D. ICICI Bank channelize this subsidy. C. Interest subsidy will E. Punjab National Bank be credited upfront to the loan account of beneficiaries through Primary Lending Correct Answer: “E” Institutions resulting in reduced effective 265. “too much money chasing too few housing loan and Equated Monthly Instalment goods” is the summarization of (EMI).

A. Cost –Push inflation A. Only A and B B. Demand- Pull inflation B. Only B and C C. Monetary inflation C. Only A and C D. Hyperinflation D. Only B E. Creeping inflation E. All of the above

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Correct Answer: “B” A. 2014 B. 2015 269. How many currencies are there in the C. 2017 basket of Special Drawing Rights (SDR)? D. 2018 A. 4 E. 2019 B. 5 Correct Answer: “D” C. 6 D. 7 274. Which of the following has become the E. 8 1st Indian bank to introduce a debit card facility for customers availing Loan Against Correct Answer: “B” Security from Bank? 270. Which of the following curve illustrates A. HDFC Bank the relationship between rates of taxation B. State Bank of India and their effect on government revenue? C. ICICI Bank A. Phillips Curve D. Canara Bank B. Lorenz Curve E. Punjab National Bank C. Laffers Curve Correct Answer: “C” D. Kuznet Curve E. None of the Above 275. ______is the initiative taken by the RBI for those living in villages or other remote Correct Answer: “C” areas who are deprived of banking services. 271. NFS is the largest network of shared A. Self-Help Banking automated teller machines in India. What B. Nascent Banking does ‘S’ represents in NFS? C. Kiosk Banking A. Survey D. Option Banking B. Service E. Caller Banking C. Switch Correct Answer: “C” D. Safe E. Search 276. A ______is a bond that makes no periodic interest payments and is initially Correct Answer: “C” sold at a deep discount from face value. 272. ECB are loans in India made by non- A. Price coupon bonds resident lenders in foreign currency to Indian B. Retail Bonds borrowers. What does ‘C’ stand for in ECB? C. Zero Coupon Bonds A. Commerce D. Indexed Bond B. Computerized E. Facial bond C. Communication Correct Answer: “C” D. Commercial E. None of these 277. 'Global Economic Prospects' report is released by which of the following Correct Answer: “D” organisations? 273. J Venkatramu has been appointed the A. IMF MD and CEO of India Post Payments Bank B. WTO (IPPB). IPPB was launched in which of the C. World Bank following year?

Free e-book 300+ Banking/ Financial Awareness Qs Top 300+ Banking/ Financial Awareness Questions

D. ILO 282. Which of the following is NOT a part of E. NATO Foreign exchange reserves of India?

Correct Answer: “C” A. Foreign Currency B. Gold 278. Which of the following ATMs are set up C. SDRs for the purpose of E-Commerce? D. Government Securities A. Orange Label ATMs E. All of the above B. Yellow Label ATMs Correct Answer: “D” C. Purple Label ATMs D. Red Label ATMs 283. Ujjivan Small Finance Bank partnered E. White Label ATMs with who among the following to take local kirana stores online with ‘nLincs’ app? Correct Answer: “B” A. nStore 279. ______is the risk of a change in value B. nKirana caused by the fact that actual losses, C. nShop incurred for inadequate or failed internal D. nLocal processes, people and systems, or from E. nBrick external events. Correct Answer: “A” A. Reinvestment Risk B. Credit Risk 284. Which bank was named India’s Best C. Operational Risk SME Bank at the Asiamoney Best Bank D. Economic Risk Awards 2021? E. Reputation Risk A. ICICI Correct Answer: “C” B. SBI C. HDFC 280. Who conducts the Residential Asset D. Axis Price Monitoring Survey? E. Kotak Mahindra Bank A. Securities and Exchange Board of India Correct Answer: “C” B. National Housing Bank C. National Disaster Management Authority 285. Tide, a leading UK-based fintech, D. Reserve Bank of India partnered with who among the following to E. Council of Scientific & Industrial Research serve banking needs of Indian SME?

Correct Answer: “D” A. IDFC First Bank B. Bandhan Bank 281. At the time of periodical review, which C. SCB Bank of the following rates are reviewed by the D. Union Bank of India Reserve Bank of India? E. RBL Bank A. Repo Rate Correct Answer: “E” B. Bank Rate C. Savings Bank rate 286. Which of the following does not come D. Both B & C under Differentiated Banks? E. All of these A. Universal Banks Correct Answer: “E” B. Payment Banks C. Small Finance Bank

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D. Custodian Banks 291. ICICI Bank and ______have tied up with E. Wholesale and Long – Term Finance Banks global e-commerce major Amazon and cards major Visa to launch a retail payments Correct Answer: “A” entity, which will be a rival to state-owned 287. What is the maximum maturity for a T – NPCI. bill? A. SBI Bank A. 15 days B. HDFC Bank B. 91 days C. Axis Bank C. 182 days D. Yes Bank D. 364 days E. Kotak Mahindra Bank E. 182 days Correct Answer: “C” Correct Answer: “D” 292. SBI signed $1 billion loan agreement 288. According to the latest report by the with JBIC recently. To which industry is the World Bank Indian accidents account for how loan intended for? much per cent of the total accidents in the A. Automobile world? B. Steel A. 1% C. Construction B. 11% D. Electronics C. 21% E. Energy D. 33% Correct Answer: “A” E. 43% 293. In its discussion paper on revised Correct Answer: “B” regulatory framework for NBFCs, the RBI has 289. Under the newly launched, Kotak Remit said the regulatory and supervisory customers do not have to furnish any framework of NBFCs should be based on a physical documents for transactions up to ______layered structure. ______or equivalent. A. five A. $ 10,000 B. six B. $ 20,000 C. three C. $ 25,000 D. four D. $ 30,000 E. Two E. $ 35,000 Correct Answer: “D” Correct Answer: “C” 294. What is the full form of 'CORE' in core 290. Government announced infusion of Rs banking solutions? 14,500 crore in 4 PSU banks through A. Centralized Online Real-Time Exchange recapitalization bonds. Which of the B. Centre of Research and Excellence following banks is not among the four? C. Centralized Online Real-Time Efficiency A. Punjab and Sind Bank D. Centralized online Rupee Exchange B. Central Bank of India E. Customer online Real-Time Exchange C. Correct Answer: “A” D. Bank of India E. UCO Bank 295. Which bank became the first to offer a mobile app for authorized money changers Correct Answer: “A”

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to help customers of any bank get Forex C. 61.4% Prepaid Card swiftly? D. 37.1% E. 34.6% A. SBI B. Axis Correct Answer: “A” C. HDFC 300. For which state/UT did World Bank and D. ICICI AIIB approve a loan for USD 300 million for E. YES Bank canal-based drinking water projects Correct Answer: “D” recently?

296. Who partnered with Suryoday Small A. Assam Finance Bank to offer fixed-deposit services B. Punjab recently? C. Karnataka D. Jammu and Kashmir A. Paytm Payments Bank Ltd E. Himachal Pradesh B. India Post Payments Bank C. Fino Payments Bank Correct Answer: “B” D. Jio Payments Bank 301. NPCI transferred all its Bharat Bill E. Airtel Payments Bank Payment System transaction mandates to a Correct Answer: “A” newly set up subsidiary called

297. Which of the following is NOT TRUE A. NPCI BillPay Limited with respect to payment banks in India? B. BillPay Limited C. NPCI Bharat Limited A. Can accept time and demand deposits D. NPCI Bharat BillPay Limited B. No NRI deposits E. Bharat Bill Payment Unit C. Cannot issue debit card D. Can become BC of another bank Correct Answer: “D” E. PSL norms not applicable 302. RBI operationalized PIDF scheme Correct Answer: “C” recently. Who is the chairman of the advisory council as per the guidelines? 298. World Bank recently approved project titled "Mizoram Health Systems A. MK Jain Strengthening Project". What is the project B. MD Patra cost? C. Shaktikanta Das D. BP Kanungo A. USD 42 million E. Nirmala Sitharaman B. USD 62 million C. USD 72 million Correct Answer: “D” D. USD 32 million 303. An ATM card can be issued to which of E. USD 52 million the following account holders in a bank? Correct Answer: “D” A. Illiterate account holders 299. According to the report by ACI B. Term Deposit Account Holders Worldwide, India's digital payments will C. Savings Account Holders grow to how much percentage of all D. Current Account Holders transactions by 2025? E. Both (3) and (4)

A. 71.7% Correct Answer: “E” B. 28.3%

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304. RBI launched Digital Payments Index A. Instamojo recently. What is the base period in the B. Paytm index? C. Razorpay D. Bill Desk A. March 2016 E. PayKun B. March 2017 C. March 2015 Correct Answer: “D” D. March 2018 309. Recently RBI increased the deposit limit E. March 2019 of payments bank customers. What is the Correct Answer: “D” limit now?

305. BIC is a unique identifier for a specific A. ₹1 lakh financial institution. What does "C" B. ₹2 lakh represent in the abbreviation of "BIC"? C. ₹3 lakh D. ₹4 lakh A. Credit E. ₹5 lakh B. Code C. Cash Correct Answer: “B” D. Centre E. Identifier Code

Correct Answer: “B”

306.Which of the following state is the highest contributor to the small savings schemes?

A. Goa B. Karnataka C. West Bengal D. Odisha E. Kerala

Correct Answer: “C”

307. Which of the following institution recently withdrew the restrictions on Youth Development Co-Operative Bank Ltd?

A. NABARD B. RRB C. RBI D. SIDBI E. Ministry of Finance

Correct Answer: “C”

308. Name the payment aggregator that announced a partnership with global financial institution J.P. Morgan to offer online payments solutions. FREE Ebooks Current Affairs

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