Exercise :: Banking - Latest Current Affairs
- Banking - Latest Current Affairs
| 1. | Which bank has introduced a special fixed deposit scheme for senior citizens which offers an interest rate of 6.55% per annum for deposits up to Rs 2 crores with a tenure of more than 5 years to 10 years? |
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Answer: Option B Explanation: The Private sector ICICI bank has introduced a special fixed deposit scheme for senior citizens called 'ICICI Bank Golden Years FD' which offers an interest rate of 6.55% per annum for deposits up to Rs 2 crores with a tenure of more than 5 years to 10 years. It is applicable for resident Indians & is available from May 20 to September 30, 2020.
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| 2. | IRDAI has approved the proposal of which bank to continue with its 30% holding in IndiaFirst Life? |
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Answer: Option C Explanation: Insurance Regulatory and Development Authority of India has approved the proposal of the state owned lender Union Bank of India (which holds 25.1% stake in Star Union Dai-Chi Life) to continue with its 30% holding in IndiaFirst Life.
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| 3. | The World Bank announced emergency operations of how much worth to 100 developing countries over a 15-month period to fight the deadly Coronavirus? |
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Answer: Option B Explanation: The World Bank announced emergency operations worth USD 160 billion to 100 developing countries over a 15-month period to fight the deadly Coronavirus. The coronavirus pandemic and shutdown is expected to put over 60 million into extreme poverty globally.
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| 4. | The Reserve Bank of India on May 22, 2020 announced reduction in the Policy Repo Rate from 4.4% to how much percent? |
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Answer: Option A Explanation: The Reserve Bank of India on May 22, 2020 addressed the media and announced reduction in the Policy Repo Rate from 4.4% to 4%. The reverse repo rate was also reduced to 3.35 percent. The decision was taken by RBI's Monetary Policy Committee to maintain the accommodative stance. The GDP is expected to remain negative for 2020-21.
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| 5. | Which of the following Banks has launched a special business vertical dedicated for gold loans to meet the financial needs of its customers due to the COVID-19 pandemic? |
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Answer: Option B Explanation: Canara Bank has launched a special business vertical dedicated for gold loans to meet the financial needs of its customers as they are in need of immediate credit support to meet their emergency needs due to the COVID-19 pandemic.
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