Current Affairs - Banking

Why Current Affairs Banking?

In this section you can learn and practice Current Affairs Questions based on "Banking" and improve your skills in order to face the interview, competitive examination and various entrance test (CAT, GATE, GRE, MAT, Bank Exam, Railway Exam etc.) with full confidence.

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IndiaBIX provides you lots of fully solved Current Affairs (Banking) questions and answers with Explanation. Solved examples with detailed answer description, explanation are given and it would be easy to understand. All students, freshers can download Current Affairs Banking quiz questions with answers as PDF files and eBooks.

Where can I get Current Affairs Banking Interview Questions and Answers (objective type, multiple choice)?

Here you can find objective type Current Affairs Banking questions and answers for interview and entrance examination. Multiple choice and true or false type questions are also provided.

How to solve Current Affairs Banking problems?

You can easily solve all kind of Current Affairs questions based on Banking by practicing the objective type exercises given below, also get shortcut methods to solve Current Affairs Banking problems.

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
1. 

Banks can no longer charge account holders for online transactions in the NEFT system from which month?

A. December 2020
B. January 2020
C. February 2020
D. June 2020

Answer: Option B

Explanation:

From January 2020, banks can no longer charge savings bank account holders for online transactions in the NEFT system. The Reserve Bank of India (RBI) has now mandated banks to do this. RBI stated that it is doing this to promote digital payments.

2. 

Which bank has partnered with Government e-Marketplace for payment related issues?

A. State Bank of India
B. Central Bank of India
C. HDFC
D. ICICI

Answer: Option B

Explanation:

GeM signed MoU with Central Bank of India. The Central Bank of India will be able to offer an array of services includes the transfer of funds through GeM Pool Accounts (GPA) to the registered users on the portal. The payments and various banking services is one of the priorities for GeM towards the goal of a paperless, contactless and cashless system. GeM already signed MoU with 18 Public Sector and Private Banks.

3. 

ICICI Lombard has decided to sell insurance products with the help of which bank?

A. SBI
B. BoB
C. Corporation Bank
D. Karur Vysya Bank

Answer: Option D

Explanation:

ICICI Lombard has entered into a strategic tie-up with Karur Vysya Bank for selling insurance products. Through this collaboration, ICICI Lombard aims to offer innovative insurance solutions to 8 million customers of the bank spread across its 779 branches.

4. 

Which Bank and Srei Equipment Finance ltd have partnered together under a co-lending agreement to provide loans to MSME?

A. United Bank of India
B. Bank of Baroda
C. State Bank of India
D. HDFC bank

Answer: Option A

Explanation:

United Bank of India and Srei Equipment Finance ltd have partnered together under a co-lending agreement to provide loans to MSME. They both have jointly organised Loan Utsav in 20 cities across India.

5. 

The Reserve Bank has imposed a penalty of Rs 35 lakh on which bank for violating norms on fraud classification and notification?

A. BOB Bank
B. PMC Bank
C. SBI Bank
D. Tamilnadu Mercantile Bank

Answer: Option D

Explanation:

The Reserve Bank has imposed a penalty of Rs 35 lakh on Tamilnadu Mercantile Bank for violating norms on fraud classification and notification.