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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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. 

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?

A. HSBC Bank India
B. ICICI bank
C. Bank of India
D. Union Bank Of India

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.

2. 

IRDAI has approved the proposal of which bank to continue with its 30% holding in IndiaFirst Life?

A. Punjab National Bank
B. UCO Bank
C. Union Bank of India
D. Indian Overseas Bank

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.

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?

A. 260 billion USD
B. 160 billion USD
C. 100 billion USD
D. 200 billion USD

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.

4. 

The Reserve Bank of India on May 22, 2020 announced reduction in the Policy Repo Rate from 4.4% to how much percent?

A. 4%
B. 3%
C. 4.1%
D. 3.8%

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.

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?

A. UCO Bank
B. Canara Bank
C. Indian Bank
D. Punjab and Sind Bank

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.