Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
46. 

Which Bank launched a contactless multi-purpose card in partnership with Delhi Metro?

A. PNB
B. SBI
C. HDFC
D. RBI

Answer: Option B

Explanation:

SBI Card on Friday launched a contactless multi-purpose card in partnership with Delhi Metro that can function as a credit card as well as a metro smart card. The unique combo credit card 'Delhi Metro SBI Card' is thoughtfully designed for regular commuters on the Delhi Metro, SBI Card said in a release. The Delhi Metro SBI Card is a multi-purpose card that functions as a credit card as well as a metro smart card, offering the convenience and safety associated with both in one card, the pure-play credit card company said.

47. 

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.

48. 

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.

49. 

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.

50. 

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.