Exercise :: Banking - Latest Current Affairs
- Banking - Latest Current Affairs
| 1. | World Bank and __________ joined hands for World's first Blockchain Bond Transaction. |
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Answer: Option B Explanation: International Bank for Reconstruction and Development (IBRD, World Bank) in partnership with Commonwealth Bank of Australia (CBA) enabled recording of secondary market bond trading using blockchain technology. With this, Bond-i become the first bond whose issuance and trading is recorded on a blockchain platform. This also marked the next phase of the bond-i (blockchain operated new debt instrument) project. Bond-i, first issued in August 2018 by World Bank, is the world's first bond entirely based on blockchain, a type of Distributed Ledger Technology (DLT). CBA was the sole arranger of the bond. That experiment phase of 2018 helped the World Bank to raise $81 million at the time.
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| 2. | Which of the following bank has tied up with the FMCG arm of The Art of Living? |
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Answer: Option B Explanation: The State Bank of India (SBI) has announced a strategic partnership with the FMCG arm of The Art of Living - Sri Sri Tattva. Under this partnership, YONO users can avail a discount of 15% on the entire range of products offered by Sri Sri Tattva such as food, personal care, healthcare, homecare, BYOGI apparels and Shankara skincare products.
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| 3. | Name the bank which is among the top RRB performer in the country. |
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Answer: Option D Explanation: Tripura Gramin Bank is among India's top three Regional Rural Banks (RRBs) in terms of profit, business, and growth. Currently, India has 45 Regional Rural Bank out of which Tripura Gramin Bank ranked 3rd in the country. Tripura Gramin Bank has posted a profit for 7 successive years to Rs 125.45 crore in fiscal 2018-19. The Bank also registered the business of Rs. 9,000 crores, with net Non-Performing Asset (NPA) of zero percent and gross NPA of 8.94 percent. In Tripura Gramin Bank, the central government has a 50% stake, the Union Bank of India has 35% stake and rest 15% is held by the Tripura government. Tripura Gramin Bank is the only RRB in the north-eastern region out of eight, which has been making profit to 7 successive years.
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| 4. | Centre is to mandate _________ code based payment method option using UPI at all shops to promote digital payment. |
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Answer: Option B Explanation: The Indian government is planning to mandate a quick response (QR) code based payment method option using Unified Payments Interface (UPI) at all shops. The prime idea behind the proposal of mandatory QR code-based payment is to make digital payment more popular and bring a behavioral change in the ecosystem. The GST council approved the proposal. The move will also provide a GST benefit to both shops and consumers. The govt has for the project roped in National Payments Corporation of India (NPCI) to work on a necessary mechanism to launch it nationally. The QR code payment is reported to have witnessed exponential growth in consumer adoption in ASEAN countries.
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| 5. | Who launched a document named 'Payment and Settlement Systems in India: Vision 2019 - 2021' recently? |
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Answer: Option D Explanation: Reserve Bank of India on May 15 released a vision document, 'Payment and Settlement Systems in India: Vision 2019 - 2021', with its core theme of Empowering Exceptional (E) payment Experience that aims to achieve a highly digital and cash-lite society. It mainly targets to Increase digital payment transaction of GDP by 15%, Increase payment system operators, fourfold increase in digital transactions, Reduce currency in circulation with no specific target, Reduce the volume of cheque-based payments to less than 2%.
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