Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
71. 

The 'mpay.me' is the UPI payment link launched by which digital payment company?

A. GPay
B. Paytm
C. Mobikwik
D. Paypal

Answer: Option C

Explanation:

MobiKwik launched mpay.me, a Unified Payment Interface (UPI) payment link service that allows users to send and receive moneyfrom any UPI payment app. Through mpay.me, users and merchants can set up a personalized link using their mobile number. The link can be created through the MobiKwik app or the MobiKwik website and can be shared anywhere with anyone over chat, SMS, email etc. mpay.me accepts payments from all UPI apps such as MobiKwik, GooglePay, PhonePe and Paytm among others.

72. 

Which bank launched the 'Kona Kona Umeed' campaign recently?

A. HDFC bank
B. ICICI bank
C. Kotak Mahindra Bank
D. Bank of Baroda

Answer: Option C

Explanation:

Kotak Mahindra Bank has launched a special two-month campaign, 'Kona Kona Umeed' with offers and discounts across its suiteof products to make banking and shopping more rewarding for the customers so as to boost consumer demand and lift people's enthusiasm during this pandemic situation.

73. 

Which company has collaborated with Fiserv, Inc. for digital transformation?

A. IOB Financial Solutions Limited
B. SBI Financial Solutions Limited
C. PNB Financial Solutions Limited
D. BOB Financial Solutions Limited

Answer: Option D

Explanation:

BOB Financial Solutions Limited (BFSL) has chosen Fiserv, Inc. to enable the digitization of their end-to-end card issuance and processing cycle and support the launch of several new and high-tech products including contactless credit cards, virtual credit cards among others. For this purpose, BFSL will utilize Fiserv's FirstVisionTM, an end-to-end managed services solution.

74. 

Which general insurance company launched crop insurance campaign,'Bohot Zaroori Hai' for farmers in Maharashtra and Karnataka?

A. Bajaj Allianz General Insurance
B. Bharti AXA General Insurance
C. New India Assurance
D. United India General Insurance

Answer: Option B

Explanation:

Bharti AXA General Insurance has launched its crop insurance campaign,'Bohot Zaroori Hai' for farmers in Maharashtra and Karnataka to encourage them about their yield protection and financial security. It aims to create awareness to farming communities about the relevance and significance of crop insurance, which can alleviate rural distress caused by crop failure or damage due to unseasonal rains, monsoon failure among others

75. 

Which Indian bank provided liquidity support of USD 16.20 million as a COVID-relief for the Government of Maldives to overcome liquidity shortage?

A. Canara Bank
B. Bank of Baroda
C. Punjab National Bank
D. SBI

Answer: Option D

Explanation:

On the occasion of Independence Day of the Maldives on July 26, 2020, the largest Indian public sector bank, State Bank of India (SBI) provided liquidity support of USD 16.20 million as a COVID-relief for the Government of Maldives to overcome liquidity shortage. The fund will support economic relief measures by utilizing it for local businesses and defers loan repayment for over 200 retail accounts.

« Prev   1 2 3 4 5 6 7 8 9 10 11 12 13 14 15