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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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.

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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. 

Which bank changed its names and IFSC code for its branches?

A. HDFC
B. ICICI
C. Canara
D. SBI

Answer: Option D

Explanation:

State Bank of India has changed names and IFSC codes of nearly 1,300 of its branches. The country's largest lender has changed the names and IFSC codes of branches located in major cities such as Mumbai, New Delhi, Bengaluru, Chennai, Hyderabad, Kolkata and Lucknow, among others.

2. 

Which bank has approved a loan of USD 346 million to fund highway upgradation project in Karnataka?

A. Asian Development Bank
B. State Bank of India
C. IDBI bank
D. Small Industries Development Bank of India

Answer: Option A

Explanation:

An international financial organisation, Asian Development Bank (ADB) has announced that it has approved a loan of USD 346 million to fund highway upgradation project in Karanataka. Funds procured through this loan will be deployed to improve 419 km of state highways by upgrading it to two and four-lane highways. It will also include construction of planned pedestrian, installation of women-friendly amenities, marked crossings and proper signage.

3. 

Which bank Securities Gets NCDEX Membership recently?

A. Canara Bank
B. South Asia Bank
C. Axis Bank
D. Dena Bank

Answer: Option C

Explanation:

Axis Securities, a subsidiary of Axis Bank become the first-ever broking arm of a bank to take membership of a commodity exchange by registering itself with NCDEX. In September, Reserve Bank of India allowed banks wishing to undertake commodities derivatives clearing to set up a separate subsidiary for the purpose and adhere to the membership norms laid by market regulator Securities Exchange Board of India.

4. 

For which bank, the government engaged to enable cashless payments on e-NAM?

A. ICICI
B. HDFC
C. Canara
D. Axis

Answer: Option A

Explanation:

The government has engaged private lender ICICI Bank to enable online payments at 470 mandis integrated with the national portal of electronic National Agriculture Market (e-NAM).The target is to connect 585 mandis with e-NAM by March 2018. At present, e-NAM participants are doing payments through traditional ways via bank branches, debit cards and net banking.ICICI Bank will enable BHIM (Bharat Interface for Money) and Unified Payments Interface (UPI) on the e-NAM portal for making cashless payments.

5. 

Which bank reduces debit card transactions at merchant outlets to promote cashless transactions?

A. State Bank of India
B. Reserve bank of India
C. Canara Bank
D. Bank of Baroda

Answer: Option B

Explanation:

To boost Digitisation, the Reserve Bank of India (RBI) has taken a crucial step revising merchant discount rates (MDR) charges on Merchants. Now even small businesses will start accepting payments from your Debit card through Scan and Pay. DR is the rate charged to a merchant by a bank for providing debit and credit card services. As per the new rules, merchants with revenue of less than Rs 20 lakh, the MDR would be 0.4% for Rs 200 and 0.9% for Rs 1,000. These charges will come into effect from 1 January 2018. For accepting payments via QR (quick response) code based transactions, the charge will be 0.30 percent subject to a cap of Rs 200 per transaction.