Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
41. 

Which bank tied up with Toyota Kirloskar Motor?

A. HDFC
B. Cooperation Bank
C. Bank of Baroda
D. SBI

Answer: Option C

Explanation:

Bank of Baroda (BoB) has entered into a tie-up with Toyota Kirloskar Motor (TKM), whereby the bank will be one of the preferred financiers for the entire range of vehicles sold by the latter.

42. 

Which bank cut Asia's growth forecast, warns of pandemic-driven risks?

A. UNO
B. IMF
C. World Bank
D. ADB

Answer: Option B

Explanation:

The International Monetary Fund slashed this year's economic forecast for Asia, reflecting a sharper-than-expected contraction in countries like India, a sign the coronavirus pandemic continues to take a heavy toll on the region. While the IMF upgraded next year's growth forecast, it warned the recovery will be sluggish and patchy with countries dependent on tourism seen taking a particularly hard hit.

43. 

IIT-Madras has signed a pact for start-up funding with which Bank?

A. Indian Bank
B. SBI
C. PNB
D. Union Bank

Answer: Option A

Explanation:

Indian Bank has introduced an initiative for funding start-ups, 'IND Spring Board', in collaboration with the IIT-Madras Incubation Cell (IITMIC). The Chennai-headquartered bank seeks to bridge the gap in funding for start-ups through this collaboration with IITMIC.

44. 

Which bank partnered IIT-Madras to fund start-ups?

A. SBI
B. HDFC
C. PNB
D. Indian Bank

Answer: Option D

Explanation:

State-owned Indian Bank in collaboration with IIT-Madras Incubation Cell (IITMIC) on Tuesday launched an initiative for funding start-ups. Under the initiative --IND Spring Board -- IITMIC will refer start-ups with proven technology and established cash flows to the bank and also extend advisory to the bank on the business model.

45. 

Which bank constituted committee for market data sharing?

A. SBI
B. SIDBI
C. RBI
D. SEBI

Answer: Option D

Explanation:

Securities and Exchange Board of India (SEBI) has constituted a Standing Committee, Market Data Advisory Committee (MDAC) to recommend appropriate policy for access to securities market data, identify segment-wise data perimeters, data needs and gaps, recommend data privacy and data access regulations applicable to market data. The committee is headed by Madhabi Puri Buch, Whole Time Member, SEBI and has CEOs of stock exchanges and depositories, representatives of various stakeholders and senior officials of SEBI as members.