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 bagged the "Rajbhasha Kirti" award on the occasion of Hindi Diwas?

A. Punjab National Bank
B. HDFC Bank
C. Canara Bank
D. Axis Bank

Answer: Option A

Explanation:

State-run Punjab National Bank (PNB) bagged the "Rajbhasha Kirti" award for outstanding performance in implementing the Official Language Policy during 2017-18. The award was given on the occasion of Hindi Diwas (15th September). The award, under the category of 'Nationalised Banks and Financial Institutions in Region A', was presented by Vice President M. Venkaiah Naidu to PNB Chief Executive and MD Sunil Mehta.

2. 

Which bank has increased the marginal cost of funds based lending rate (MCLR) by 5 basis point?

A. Bank osf Baroda
B. Union Bank of India
C. United Bank of India
D. IDBI Bank

Answer: Option C

Explanation:

United Bank of India has increased the marginal cost of funds based lending rate (MCLR) by 5 basis point or 0.05 percent across tenors. The Asset Liability Management Committee of the Bank has revised the tenor based MCLR of the bank with effect from 14 September 2018 The one-year MCLR has been increased to 8.85 percent from 8.80 percent.

3. 

The 2018 Flagship Statistical Report for Asia and the Pacific is released by which bank?

A. World Bank
B. African Development Bank
C. Asian Development Bank
D. International Monetary Fund

Answer: Option C

Explanation:

Asian Development Bank released its 2018 Flagship Statistical Report for Asia and the Pacific. This report provides the latest available economic, financial, social, SDG indicators and environmental statistics for the 48 regional members of ADB. This year's report is focusing on: Technological Innovation for Agricultural Statistics.

4. 

RBI tweaks norms for note change thereby making amendments to the __________.

A. Reserve Bank of India (Note Refund) Rules, 2009
B. Negotiable Instruments Act, 1881
C. Payment and Settlement Systems Act, 2007
D. Banking Regulation Act, 1949

Answer: Option A

Explanation:

RBI tweaked norms for exchange of mutilated notes following the introduction of ₹2,000, ₹200 and other lower denomination currencies. Public can exchange mutilated or defective notes at RBI offices and designated bank branches across the country for either full or half value. Making amendments to the Reserve Bank of India (Note Refund) Rules, 2009.

5. 

This bank appoints Amitabh Chaudhry as its managing director & CEO from January 1, 2019, for a period of three years.

A. HDFC Bank
B. ICICI Bank
C. Yes Bank
D. Axis Bank

Answer: Option D

Explanation:

Axis Bank announced that Amitabh Chaudhry has been appointed as its managing director & CEO from January 1, 2019, for a period of three years. Mr. Chaudhry, the MD & CEO of HDFC Standard Life Insurance Company at present, will take the charge at India's third largest private sector bank after incumbent Shikha Sharma steps down on December 31, 2018. Mr. Chaudhry, 54, has been associated with HDFC Life since January 2010.