14 Dec
Candidates taking the Bank PO Exam conducted by the recruitment bodies are expected to understand every aspect of current affairs completely. For applicants to do well in such exams, reading a basic book of current affairs and newspapers is insufficient. They need the best bank PO coaching in Delhi who can serve as a mentor and lead through the complexity of current affairs and explain the fundamental ideas by connecting them to regular occurrences in the nation.
1) Which among the following has announced $14 billion support for food security in the Asia Pacific?
A) World Bank
B) New Development Bank(NDB)
C) International Monetary Fund(IMF)
D) Asian Development Bank(ADB)
E) None of these
Answer – D) Asian Development Bank(ADB)
Explanation:
Asian Development Bank(ADB) has announced $14 billion support for food security in the Asia Pacific
2) Which among the following has approved a loan of $350 million for the health sector for Gujarat?
A) World Bank
B) New Development Bank(NDB)
C) International Monetary Fund(IMF)
D) Asian Development Bank(ADB)
E) None of these
Answer – A) World Bank
Explanation:
The World Bank has approved a loan of $350 million for the health sector for Gujarat.
3) The upper limit of a UPI Lite transaction has been fixed at ____
A) Rs 2000
B) Rs 500
C) Rs 200
D) Rs 100
E) None of these
Answer – C) Rs 200
Explanation:
The upper limit of a UPI Lite transaction has been fixed at Rs.200
The total limit for a UPI LITE on-device balance will be Rs 2,000 at any time.
4) The Reserve Bank of India (RBI) has approved the appointment of Rama Subramaniam Gandhi as the Non-Executive(Part-time) Chairman of ____ for a tenure of 3 years.
A) Axis Bank
B) ICICI Bank
C) Yes Bank
D) HDFC Bank
E) None of these
Answer – C) Yes Bank
Explanation:
The Reserve Bank of India (RBI) has approved the appointment of Rama Subramaniam Gandhi as the Non-Executive (Part-time) Chairman of Yes Bank for a tenure of 3 years.
5) Which among the following banks has launched end-to-end digitalization of Kisan Credit Cards?
A) SBI
B) IOB
C) Canara Bank
D) Indian Bank
E) UBI
Answer – E) UBI
Explanation:
Union Bank of India has launched end-to-end digitalization of Kisan Credit Card
6) Which among the following has launched India’s first auto index fund?
A) HDFC Mutual Fund
B) IndusInd Bank
C) Nippon India Mutual Fund
D) ICICI Prudential Mutual Fund
E) None of these
Answer – D) ICICI Prudential Mutual Fund
Explanation:
ICICI Prudential Mutual Fund has launched India’s first auto index fund
7) Which among the following banks has secured 63rd rank on the Best Workplaces in Asia 2022?
A) Federal Bank
B) ICICI Bank
C) HDFC Bank
D) Axis Bank
E) None of these
Answer – A) Federal Bank
Explanation:
Federal Bank has secured 63rd rank on the Best Workplaces in Asia 2022. It has become the only bank in India to be listed by Great Place to Work, the global authority on workplace culture.
8) Which among the following banks has re-appointed Sumant Kathpalia as the Managing Director and Chief Executive Officer of the bank for three years with effect from March 24, 2023.?
A) Federal Bank
B) ICICI Bank
C) HDFC Bank
D) Axis Bank
E) Indusind Bank
Answer – E) Indusind Bank
Explanation:
Sumant Kathpalia has been re-appointed as the Managing Director and Chief Executive Officer of the Indusind Bank for three years with effect from March 24, 2023.
9) India has secured _____ rank on the 2022 Global Crypto Adoption Index compiled by blockchain research firm Chainalysis.
A) 3rd
B) 4th
C) 5th
D) 6th
E) None of these
Answer – B) 4th
Explanation:
India has secured 4th rank on the 2022 Global Crypto Adoption Index compiled by blockchain research firm Chainalysis.
10) Which among the following banks has become the third lender in the country to cross the market cap of Rs 5 lakh crore?
A) SBI
B) IOB
C) Canara Bank
D) Indian Bank
E) UBI
Answer – A) SBI
Explanation:
The State Bank of India(SBI) has become the third lender in the country to cross the market cap of Rs 5 lakh crore.
11) Pralay Mondal has been appointed as the Managing Director(MD) & Chief Executive Officer(CEO) of ____ for a period of three years.
A) Axis Bank
B) Yes Bank
C) CSB Bank
D) Canara Bank
E) South Indian Bank
Answer – C) CSB Bank
Explanation:
Pralay Mondal has been appointed as Managing Director (MD) & Chief Executive Officer(CEO) of CSB Bank for a period of three years.
12) Which among the following banks has become the first bank in the country to issue an Electronic Bank Guarantee (e-BG) in partnership with National E-Governance Services Limited (NeSL)?
A) Federal Bank
B) ICICI Bank
C) HDFC Bank
D) Axis Bank
E) None of these
Answer – C) HDFC Bank
Explanation:
India’s largest private sector bank, HDFC Bank has become the first bank in the country to issue an Electronic Bank Guarantee (e-BG) in partnership with National E-Governance Services Limited (NeSL).
13) Sanjay Khanna has been appointed as the Chief Executive Officer & Country Manager of India for ____
A) Master Card
B) VISA
C) Rupay
D) American Express
E) None of these
Answer – D) American Express
Explanation:
Sanjay Khanna has been appointed as the Chief Executive Officer & Country Manager of India for American Express.
14) Which among the following banks has become the first public sector bank to go live on Income Tax Department’s new Direct Tax Collection System Tin 2.0?
A) SBI
B) IOB
C) Canara Bank
D) Indian Bank
E) Bank of India
Answer – E) Bank of India
Explanation:
Bank of India (BOI) has become the first public sector bank to go live on Income Tax Department’s new Direct Tax Collection System Tin 2.0.
15) Which among the following Small Finance Banks has launched a ‘Rainbow Savings Account’ for transgender community?
A) Janalakshmi Small Finance Bank.
B) Equitas Small Finance Bank.
C) AU Small Finance Bank.
D) Capital Small Finance Bank.
E) ESAF Small Finance Bank.
Answer – E) ESAF Small Finance Bank.
Explanation:
ESAF Small Finance Bank has launched a ‘Rainbow Savings Account’ for transgender community.
16) Samuel Joseph Jebaraj has been appointed as the Deputy Managing Director (DMD) of _____
A) SBI
B) IOB
C) IDBI Bank
D) Indian Bank
E) None of these
Answer – C) IDBI Bank
Explanation:
Samuel Joseph Jebaraj has been appointed as the Deputy Managing Director (DMD) of IDBI Bank.
17) Which among the following banks has been selected by the RBI for the ‘Test Phase’ of ‘Offline Retail Payments’?
A) Federal Bank
B) ICICI Bank
C) HDFC Bank
D) Axis Bank
E) None of these
Answer – C) HDFC Bank
Explanation:
HDFC Bank (in partnership with Sweden-based Crunchfish Aktiebolag) has been selected by the RBI for the ‘Test Phase’ of ‘Offline Retail Payments’ while the Precision Biometric India Pvt. Ltd has been selected for the ‘Test Phase’ of ‘InnaIT Key Solution for Banking’ products.
18) Which among the following districts has become the fifth fully digital banking district in the state of Kerala?
A) Idukki
B) Alappuzha
C) Wayanad
D) Pathanamthitta
E) None of these
Answer – B) Alappuzha
Explanation:
Alappuzha has become the fifth fully digital banking district in the state of Kerala.
19) The Athletics Federation of India (AFI) has announced its collaboration with _______ in order to support Indian women athletes.
A) Deutsche Bank
B) CSB Bank
C) BNP Paribas
D) HSBC India
E) Standard Chartered
Answer – D) HSBC India
Explanation:
The Athletics Federation of India (AFI) has announced its collaboration with HSBC India in order to support Indian women athletes.
20) Which among the following banks has received the approval of the Reserve Bank of India to open a special Vostro account with Gazprom Bank of Russia for trade settlement in Indian rupees?
A) SBI
B) IOB
C) UCO Bank
D) Indian Bank
E) UBI
Answer – C) UCO Bank
Explanation:
UCO Bank has received the approval of the Reserve Bank of India to open a special Vostro account with Gazprom Bank of Russia for trade settlement in Indian rupees.
21) As per the “Section 17” of Reserve Bank of India Act, 1934 the central bank involves in _______
A) Issuing & accepting of Promissory notes
B) Selling of Government Securities
C) Emergency loans to banks
D) Issuing of Currency notes and Coins
E) None of these
Answer – B) Selling of Government Securities
Explanation:
As per the section 17 of RBI Act 1934, RBI can accept deposits from the central
and state governments without interest. It can purchase and discount bills of exchange from commercial banks. It can buy or sell government securities.
22) Mortgage Guarantee Companies (MGC) are the financial institutions for which at least ____ of the business turnover is mortgage guarantee business.
A) 85%
B) 95%
C) 90%
D) 75%
E) None of these
Answer – B) 95%
Explanation:
Mortgage Guarantee Companies (MGC) are the financial institutions for which at least 95% of the business turnover is mortgage guarantee business.
23) The Non-Banking Financial Company(NBFC) is allowed to accept/renew public deposits for a minimum period of 12 months and a maximum period of_____ months.
A) 36
B) 48
C) 60
D) 72
E) None of these
Answer – C) 60
Explanation:
The Non-Banking Financial Company(NBFC) is allowed to accept/renew public deposits for a minimum period of 12 months and a maximum period of 60 months.
24) Infrastructure Finance Company (IFC) is a non-banking finance company which deploys at least ____ of its total assets in infrastructure loans.
A) 65%
B) 75%
C) 85%
D) 90%
E) None of these
Answer – B) 75%
Explanation:
Infrastructure Finance Company (IFC) is a Non-Banking Finance Company which deploys at least 75% of its total assets in infrastructure loans.
25) Infrastructure Finance Company (IFC) has a minimum Net Owned Funds of ____
A) ₹ 500 crore.
B) ₹ 300 crore.
C) ₹ 100 crore.
D) ₹ 200 crore.
E) None of these
Answer – B) ₹ 300 crore.
Explanation:
Infrastructure Finance Company (IFC) has a minimum Net Owned Funds of ₹ 300 crore.
26) The Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) is set up under ______ of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act).
A) Section 20
B) Section 21
C) Section 19
D) Section 18
E) None of these
Answer – A) Section 20
Explanation:
The Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) is set up under section 20 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act).
27) A Mortgage Guarantee Company(MGC) shall have a minimum net owned fund of _____ at the time of commencement of business.
A) ₹ 500 crore.
B) ₹ 300 crore.
C) ₹ 100 crore.
D) ₹ 200 crore.
E) None of these
Answer – C) ₹ 100 crore.
Explanation:
A Mortgage Guarantee Company(MGC) shall have a minimum net owned fund of ₹ 100 crore at the time of commencement of business.
28) The Banking Ombudsman Scheme was introduced under _____ of the Banking Regulation Act, 1949 by RBI.
A) Section 35 A
B) Section 58 D
C) Section 28 B
D) Section 47 H
E) None of these
Answer – A) Section 35 A
Explanation:
The Banking Ombudsman Scheme was introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI.
29) The Permanent Account Number(PAN) card is issued under _____ of the Income Tax Act, 1961.
A) 138B
B) 120C
C) 143G
D) 139A
E) None of these
Answer – D) 139A
Explanation:
The Permanent Account Number(PAN) card is issued under Section 139A of the Income Tax Act, 1961.
30) A non banking entity operating an ATM without any logo is known as ______
A) Brown Label ATM
B) Green Label ATM
C) White Label ATM
D) Black Label ATM
E) None of these
Answer – C) White Label ATM
Explanation:
When ATMs are owned and operated by private non-bank companies, with a minimum net worth of Rs.100 crore, it is known as White Label ATM. White label ATM doesn’t have a logo of any bank.
31) Currencies whose demand is less but supply is more in international market is known as _____
A) Cold Money
B) Hot Money
C) Soft Money
D) Fiat Money
E) None of these
Answer – A) Cold Money
Explanation:
Cold Money – Demand less, supply more
Hot Money – Demand more supply less
32) Which among the following is a type of currency that is not backed by any commodity such as gold or silver?
A) Commodity Money.
B) Fiat Money.
C) Fiduciary Money.
D) Commercial Bank Money.
E) None of these
Answer – B) Fiat Money.
Explanation:
Fiat Money – a type of currency that is not backed by any commodity such as gold or silver.
33) TReDS is an electronic platform for facilitating the financing / discounting of trade receivables of ______ through multiple financiers.
A) MGCs
B) NBFCs
C) MSMEs
D) IFCs
E) None of these
Answer – C) MSMEs
Explanation:
TReDS is an electronic platform for facilitating the financing / discounting of trade receivables of Micro, Small and Medium Enterprises (MSMEs) through multiple financiers.
34) Assets which are not essential to the ongoing operations of a business is known as ____
A) No Purpose Asset
B) Current Assets
C) Operating Assets
D) Non-Core Assets
E) None of these
Answer – D) Non-Core Assets
Explanation:
A Non-Core Asset is not essential to the ongoing operations of a business and it may generate any income or provide a return on investment (ROI).
35) RBI can inspect the branches of Banks under ____ of the Banking Regulation Act, 1949.
A) Section 35
B) Section 45
C) Section 25
D) Section 45
E) None of these
Answer – A) Section 35
Explanation:
RBI can inspect the branches of Banks under section 35 of the Banking Regulation Act, 1949.
36) Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is jointly set up by the Ministry of MSME, GOI and SIDBI to catalyse flow of institutional credit to ____
A) MGCs
B) NBFCs
C) MSEs
D) IFCs
E) None of these
Answer – C) MSEs
Explanation:
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is jointly set up by Ministry of Micro, Small & Medium Enterprises (MSME), Government of India and Small Industries Development Bank of India (SIDBI) to catalyse flow of institutional credit to Micro & Small Enterprises (MSEs).
37) Commercial Papers(CP) can be issued for maturities between a minimum of 7 days and a maximum of up to _____ from the date of issue
A) Two years
B) One Year
C) Three Years
D) Four Years
E) None of these
Answer – B) One Year
Explanation:
Commercial Papers(CP) can be issued for maturities between a minimum of 7 days and a maximum of up to one year from the date of issue.
38) The ____of Reserve Bank of India Act 1934 states that the maximum
denomination of a note can be 10000.
A) Section 23
B) Section 24
C) Section 25
D) Section 26
E) None of these
Answer – B) Section 24
Explanation:
The Section 24 of Reserve Bank of India Act 1934 states that the maximum denomination of a note can be 10000.
39) Commercial Papers(CP)s can be issued in denominations of _____ or multiples thereof.
A) ₹ 5 lakh
B) ₹ 3 lakh
C) ₹ 1 lakh
D) ₹ 2 lakh.
E) None of these
Answer – A) ₹ 5 lakh
Explanation:
Commercial Papers(CP)s can be issued in denominations of Rs. 5 lakh or multiples thereof.
40) Which among the following can issue commercial paper for raising short
term funds?
A) Corporates
B) Primary Dealers
C) All-India Financial Institutions
D) None of these
E) All of these
Answer – E) All of these
Explanation:
Commercial Paper(CP), an unsecured money market instrument issued as a promissory note. Corporate companies, Primary Dealers(PDs), and All-India financial institutions(AIFIs) can use, typically to meet short-term funding and working capital requirements.
Scope of Current Affairs in Competitive Exams
As one of the top bank coaching institutes in Delhi, we have noticed that candidates struggle to choose what to read and what to skip as they start preparing for the bank PO exam. Numerous significant events are taking place on a global scale. How can you sort through the noise to find the current affairs that are important for the bank exam? The scope of contemporary events is extensive. They serve as a platform for disseminating news that the entire globe finds interesting. It is crucial for delivering education.
The purpose of including current affairs in the curriculum of most competitive exams is straightforward: the goal is to see if test takers are knowledgeable about current events and their capacity for information gathering, as evidenced by the difficulty of the questions they can successfully answer and the breadth of their current affairs knowledge. It demonstrates the degree of exam preparation.
Conclusion
In today’s contemporary environment, current affairs are a component of all competitive exams. This can include a wide range of topics, including administrative news, election results, sports game results, etc. The questions posed may be related to recent or on-going events occurring around us. Most competitive exams like Bank PO include a sizable portion of it. Hence, like always we are here to help you with the most recent current affairs questionnaire created by our expert mentors who have in-depth understanding and years of experience in teaching students with big dreams. We hope you are making full use of these regular questionnaires posted on our website. For more help and guidance write to us at vidyagurudelhi@gmail.com
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