Banking Awareness PYQs

The correct answer is Ruchir Sharma.

Key Points

• The 10 Rules of Successful Nations:
• Written by: Ruchir Sharma
• Published by: W. W. Norton & Company
• Release Date: March 31, 2020

Additional Information

• Apoorva Kumar Singh: A Commentary and Digest on The Air, Act 1981
• Romila Thapar: ‘Voices of Dissent’
• Kumar Padampani Bora: ‘Discovering the Heritage of Assam’
• Goonmeet Singh Chauhan: ‘Invertonomics: 8 ideas to transform India’

The correct answer is HDFC Bank.

Key Points

• Private sector HDFC Bank launched a ‘Shaurya KGC Card’ for the armed forces.
• Shaurya KGC will come with an insurance cover of Rs 10 lakh.
• The Shaurya KGC Card will provide armed forces personnel with finance for agricultural requirements like production of the crop, post-harvest maintenance, and consumption needs.
• They can also avail of this funding to purchase farm machinery, irrigation equipment, or construct storage structures.
• The activity is part of the bank’s "Har Gaon Hamara" initiative to provide banking facilities to customers in the rural and under-served areas of the country.

The correct answer is Small Industries Development Bank of India.

• MUDRA has been initially formed as a wholly-owned subsidiary of Small Industries Development Bank of India (SIDBI) with 100% capital being contributed by it.
• Presently, the authorized capital of MUDRA is 1000 crores and paid-up capital is 750 crore, fully subscribed by SIDBI.

Key Points

• Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015, for providing loans up to 10 lakh to the non-corporate, non-farm small/micro-enterprises.
• These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs.
• Under the scheme, Pradhan Mantri Mudra Yojana three categories of interventions have been named which includes:
• Shishu: Loan up to Rs 50,000/-
• Kishore: Loan ranging from Rs 50,000/- to Rs 5 lakh
• Tarun: Loan above Rs 5 lakh  and below Rs 10 lakh

The Correct Answer is Fino Payments Bank:

• Fino Payments Bank Limited announced the launch of Bhavishya, a savings account scheme for minors aged between 10-18 years.
• Bhavishya, a subscription-based savings account, can be opened by paying a nominal amount.
• The bank will initially introduce the Bhavishya savings account in UP, Bihar, and MP and gradually in other states.
• The Bhavishya Savings Account can be opened through the eKYC mode only.
• The benefits of Bhavishya Savings Account includes no minimum account balance requirement and a free debit card, and it would be upgraded to a regular savings account when the minor becomes 18 years of age.

The correct answer is SBI General Insurance.

• SBI General Insurance, one of the leading general insurance companies in India, announced the launch of first-of-its-kind offering, ‘Shagun – Gift an Insurance”, a unique gift of Personal Accident policy.

Key Points

• The product was filed by SBI General under the Insurance Regulatory and Development Authority’s (IRDAI) Sandbox regulations.
• The key differentiating feature of the policy is that it can be gifted to anyone you want, which means it is not necessary for the policy buyer to be related to the insured.

Additional Information

• State Bank of India is an Indian multinational, public sector banking and financial services statutory body.
• Chairperson: Dinesh Kumar Khara
• Headquarters: Mumbai
• Founded: 1^st July 1955

The correct answer is Axis Bank.

• Vistara and Axis Bank has launched a co-branded forex card that can load up to 16 currencies.
• The card has locked-in exchange rates and the cardholder will accrue 3 award points on Club Vistara for every USD 5 or an equivalent value spent.
• Customers also get awarded 500 CV Points as a Welcome Bonus on signing up (for the forex card).

The correct answer is IndusInd Bank.

• IndusInd Bank has gone live as a ‘Financial Information Provider’ (FIP) under the new ‘Account Aggregator Framework’ of the Reserve Bank of India (RBI).
• This made it the first bank in the country to do so.
• With this, customers can now avail a host of benefits such as viewing statements of their accounts, track deposits, plan investments, avail credit cards, etc. on a single window.

The correct answer is edX.

Key Points

• State Bank of India (SBI) has entered into a strategic partnership with a global non-profit education platform, edX.
• It is in a bid to develop skill sets of career-oriented individuals in the competitive world.
• As part of this association, SBI will be offering its Massive Open Online Courses (MOOCs) on the edX platform from November 2020 onwards.

The correct answer is SBI.

• SBI has raised ₹5,000 crores by issuing Basel-III compliant bonds.
• The committee of directors of capital raising met on 26 Oct 2020 and accorded its approval to allot 50,000 Basel-III compliant non-convertible, taxable debt instruments.
• The Basel-III capital regulations are globally accepted banking norms under which banks need to improve and strengthen their capital planning processes.

The correct answer is Cricket.

Key Points

• Rajat Bhatia is an Indian former all-rounder cricketer.
• He belongs to Delhi and started his career with Tamil Nadu, turned out for Delhi, Rajasthan and Uttarakhand in domestic cricket
• Rajat Bhatia announced his retirement from all forms of cricket in July bringing an end to a first-class career spanning almost two decades.
• He made his first-class debut for Tamil Nadu back in the 1999-2000 season.
• In the Indian Premier League, he was part of the title-winning Kolkata Knight Riders in 2012, besides playing for Rajasthan Royals and Rising Pune Supergiants.

• Kane Williamson, New Zealand’s captain was awarded with the Man of the Tournament for the ICC Men's Cricket World Cup 2019.
• ICC Men's Cricket World Cup 2019 was hosted by England and Wales, the UK from 30 May-14 July 2019.
• The final match was held between New Zealand and England at Lords Cricket Stadium in UK and England won the match in the final super over.
• Ben Stokes was awarded the Man of the Match World Cup Final award for the ICC Men's Cricket World Cup 2019.
• India will host the World Cup 2023 World Cup.

• The RBI formed a task force to suggest policy and regulatory interventions required for the development of the secondary market in corporate loans, including loan transaction platform for stressed assets.
• The task force will be headed by Canara Bank Chairman T N Manoharan.
• Secondary loan market in India is largely restricted to asset reconstruction companies.
• Sunil Mehta committee is related to NPA (stressed loan resolution) , Harshvardhan committee  related housing finance securitisation

• The Reserve Bank of India (RBI), in consultation with the government of India, has set up a six-member committee to review the 'Economic Capital Framework' of the central bank.
• Former RBI Governor Bimal Jalan is the committee’s Chairman.
• The other members are Economic Affairs Secretary Subash Chandra Garg, RBI Deputy Governor N.S. Vishwanathan and two board members of the RBI.

• On 19 February 2019, India’s boxing Chief Ajay Singh was elected as President of the Foundation Board for Better Boxing governing body of the sport, AIBA.
• He will have a tenure of four years.
• Foundation for Better Boxing was constituted by the AIBA to address future development of the sport globally.
• Mohamed Moustahsane  is the present  President of AIBA.

• The Prime Minister unveiled the statue of former Prime Minister Sh. Lal Bahadur Shastri at the Lal Bahadur Shastri International Airport in Varanasi.
• He then launched the tree-plantation drive at Anand Kanan Vatika in Varanasi.
• He also visited the virtual museum at Man Mahal.
• The museum is a cultural landmark in the city of Varanasi, showcasing the various aspects of our cultural heritage.

• Anshula Kant, Managing Director of the State Bank Of India, has been appointed as the Managing Director and the Chief Financial Officer of the World Bank.
• She will be responsible for financial and risk management of the World Bank Group.
• Anshula brings more than 35 years of expertise in finance, banking, and innovative use of technology through her work as CFO of the State Bank of India.

• Dutee Chand clinched a gold medal in the World Universiade in 100 m dash event at Napoli in Italy.
• With this, she became the first Indian woman track and field athlete to win Gold.
• She took 11.32 seconds to finish the race.
• Dutee has now become the second Indian sprinter to win a gold in a global event after Hima Das.

• Shri Arjun Munda assumed charge as the Union Minister of Tribal Affairs.
• Smt. Renuka Singh, the new Minister of State for Tribal Affairs also assumed charge.
• He served as the Chief Minister of Jharkhand form 2003-2006. He was leader of opposition in Jharkhand from 2006-2008. He was elected to 15^th Lok Sabha in 2009 but resigned on 26 February, 2011.
• He is from Khunti Constituency from Jharkhand.

The Serious Fraud Investigation Office (SFIO) is a statutory corporate fraud investigating agency in India. Initially, it was set up by a resolution adopted by the Government of India on 2^nd July 2003 and carried out investigations within the existing legal framework under section 235 to 247 of the erstwhile Companies Act, 1956. Later, Section 211 of the Companies Act, 2013, accorded the statutory status to the Serious Fraud Investigation Office (SFIO). It is under the jurisdiction of the Ministry of Corporate Affairs, Government of India. The SFIO is involved in major fraud probes and is the coordinating agency with the Income Tax Department and the Central Bureau of Investigation.

• BCCI has formally appointed Rahul Dravid as the Indian National Cricket Academy’s Head of Cricket.
• Dravid will oversee all cricket related activities at NCA.
• The former cricketer is also the head coach of India's under-19 and India A team.
• He has helped in grooming young talent such as Rishabh Pant, Prithvi Shaw.