Professional Documents
Culture Documents
Gaurav Garg
● In another order, Sameer Kumar Khare has been appointed Executive Director of the Asian Development Bank
(ADB), Manila.
Q) Who has been conferred with Lifetime Achievement Award 2020 by Euromoney?
A.Partha Pratim Sengupta B.Naveen Tahilyani
C.Sanjiv Bajaj D.Aditya Puri
Q) The Asian Development Bank (ADB) has estimated that the GDP of India is expected to contract by _________percent
in the fiscal 2020-21 (FY21)?
A.8% B.7%
C.10% D.9%
Q) Small Industries Development Bank of India (SIDBI) will develop the MSME ecosystem in which state?
A.Gujarat B.Madhya Pradesh
C.Rajasthan D.Bihar
SIDBI in News
● SIDBI launched the India SME Services Platform.
● SIDBI launched Swavalamban Crisis Responsive Fund to facilitate free onboarding of MSMEs on TReDS platform.
● SIDBI has launched the ‘MSME Saksham Portal’, in association with TransUnion CIBIL.
● SIDBI announced the start of Swavalamban Express for budding entrepreneurs.
Q) The Asian Development Bank (ADB) has appointed whom as its new Country Director for India?
A.Takeo Konishi B.Karen Murray
C.Takahiro Yasui D.Kenzo Ohe
● Takeo Konishi succeeds Kenichi Yokoyama who has taken over as Director General of ADB's South Asia
Department and will be based at ADB headquarter in Manila.
Q) Which among the following has launched a new loan scheme Apna Ghar Dreamz?
A.ICICI Home Finance B.Axis Bank
C.Yes Bank D.Kotak Mahindra
ICICI Home Finance launches home loan scheme for skilled workers in Delhi
● ICICI Home Finance has launched a new loan scheme ‘Apna Ghar Dreamz’, with credit amount in the range of Rs 2
lakh to 50 lakh, for skilled workers employed in the informal sector in Delhi.
● The scheme is meant for skilled workers such as carpenters, plumbers, electricians, tailors, painters, welders, auto
mechanics, manufacturing machine operators, grocery store owners in the city.
● The loan scheme is targeted at the informal segment of the population who wish to purchase their own home, but may
not have all documents that a formal financial institution would require.
Q) Which watch company and State Bank of India have launched India’s first contactless payment watch?
A.Fossil B.Fastrack
C.Diesel D.Titan
Q) The union finance ministry has sought Parliament’s approval to infuse ₹________crore into public sector banks (PSBs)?
A.₹10,000 crore B.₹20,000 crore
C.₹30,000 crore D.₹25,000 crore
Govt seeks Parliament nod to infuse ₹20,000 crore in public sector banks
● The union finance ministry has sought Parliament’s approval to infuse ₹20,000 crore into public sector banks (PSBs).
● The step assumes significance as capital infusion will provide support to state-owned lenders as the deepening
covid-19 crisis that has put borrowers under pressure, increasing the threat of higher non-performing assets (NPAs).
● While the Budget for 2020-21 did not make any allocation for recapitalization of public sector banks, in the previous
fiscal, the government had announced infusion of ₹70,000 crore into state-owned banks to ‘boost credit for a strong
impetus to the economy’.
Q) Which Bank has agreed to invest $500 million to Bengaluru Metro Rail Corporation’s (BMRCL) line?
A.World Bank B.New Development Bank
C.Asian Infrastructure Investment Bank D.Asian Development Bank
Q) Which bank has decided to introduce OTP-based cash withdrawal for Rs 10,000 and above throughout the day?
A.Bank of Baroda B.Punjab National Bank
C.State Bank Of India D.Canara Bank
Q) Pradhan Mantri Garib Kalyan Package Insurance Scheme, which has been extended for another 180 days, provides an
insurance cover of how much amount?
A.Rs 20 lakh B.Rs 25 lakh
C.Rs 35lakh D.Rs 50 lakh
PM Garib Kalyan Package Insurance Scheme for health workers fighting COVID-19 extended for 180 days
● This Central Sector Scheme provides an insurance cover of Rs 50 lakh to healthcare providers.
● Including community health workers, who may have to be in direct contact and care of COVID-19 patients and
therefore at risk of being infected.
● It also includes accidental loss of life on account of contracting coronavirus
● The scheme was announced on March 30, 2020, for a period of 90 days and was further extended for 90 days up to
September 25.
Q) Which Bank has set up a new vertical called “Emerging Entrepreneurs Business (EEB)”?
A.Axis Bank B.Bandhan Bank
C.Kotak Mahindra D.Yes Bank
● This new initiative is being introduced with the motive of building and sustaining business relationships with both new
customers to bank and existing customers to bank.
● Through LMS, customers can enquire and get services rendered through simple modes such as internet banking,
mobile banking, call centre, SMS and missed call.
● Lingam Venkata Prabhakar - MD & CEO in Canara Bank.
Q) Which Mutual Fund has started a new campaign called SIFI or `SIP in Fixed Income‘?
A.IDFC Mutual Fund B.Axis Mutual Fund
C.Edelweiss Mutual Fund D.LIC Mutual Fund
Q) Which bank has launched a new gold loan scheme Vikas Laghu Suvarna?
A.Himachal Pradesh Gramin Bank B.Prathama UP Gramin Bank
C.Jharkhand Rajya Gramin Bank D.Karnataka Vikas Grameena Bank
Q) Which bank has "substantially completed" the due diligence for its proposed merger with the Clix Group?
A.Axis Bank B.Bank Of Maharashtra
C.Lakshmi Vilas Bank D.Yes Bank
Q) Which Brand was ranked as India’s top brand for the seventh consecutive year in the 2020 BrandZ Top 75 Most Valuable
Indian Brands rankings?
A.Life Insurance Corporation B.Tata Consultancy Services
C.Reliance Retail D.HDFC Bank
● HDFC Bank was ranked as India’s top brand for the seventh consecutive year in a row in the 2020 BrandZ Top 75
Most Valuable Indian Brands rankings. Followed by Life Insurance Corporation (LIC) and Tata Consultancy Services.
● Reliance Retail, a subsidiary of Reliance Industries Ltd, which registered 102% jump in brand value, became the
fastest gainer this year at number 25.
Q) Which Bank has started a programme by the name “Mahila Atmanirbharshil Aachani” (Women Self-Reliance
programme) in Assam?
A.State Bank of India B.Punjab National Bank
C.Bank of Baroda D.Canara Bank
Q) Which bank has announced the launch of Video KYC (Know Your Customer) facility for its customers?
A.Axis Bank B.ICICI Bank
C.Yes Bank D.HDFC Bank
Q) Amitabha Ghosh who passed away recently was the Reserve Bank of India's (RBI) Governor for how many days?
A.15 days B.21 days
C.30 days D.60 days
● Amitabha Ghosh had the shortest stint as RBI governor, from January 15, 1985 to February 4, 1985, which was a
stop-gap arrangement while Ghosh was serving as a deputy governor and waiting to hand over charge to the 17th RBI
Governor R N Malhotra.
Q) Which digital wallet platform has partnered with Visa for card-based payments with tokenisation?
A.Paytm B.Phone Pe
C.Google Pay D.Amazon Pay
Q) Who has been appointed as the new administrator of Punjab and Maharashtra Cooperative (PMC) Bank?
A.Shyam Srinivasan B.Amitabh Chaudhry
C.Sandeep Bakshi D.A.K. Dixit
Q) Which bank will launch “SafePay” a contactless debit card-based payment facility?
A.IDFC First Bank B.Axis Bank
C.Kotak Mahindra Bank D.Indusind Bank
IDFC First Bank to launch 'on phone'contactless debit card transaction facility
● SafePay embeds Near Field Communication (NFC) technology in the IDFC First Mobile App to enable secure
payments using a debit card issued by the Bank.
● SafePay enables contactless payments of up to Rs 2,000 per transaction and up to a limit of Rs 20,000 per day.
Q) RBI has planned to enhance the cybersecurity of urban co-operative banks (UCBs) by using it which five-pillared
strategic approach?
A.IMAGE B.VISTA
C.PAINT D.GUARD
Q) Who has been appointed as an advisor to Executive Director, International Monetary Fund (IMF)?
A.Susanti Rahayu B.Simanchala Dash
C.Smita Sabharwal D.Ritu Maheshwari
● The government has approved the proposal to appoint Simanchala Dash as an advisor to Executive Director,
International Monetary Fund (IMF), in Washington. He has been appointed for a period of three years.
Q) Regulator IRDAI has identified which among the following as domestic systemically important insurers (D-SIIs)?
A.Insurance Corporation of India B.General Insurance Corporation of India
C.New India Assurance D.All of the above
IRDAI identifies LIC, GIC, New India Assurance systemically important insurers
● The three insurers have also been asked to raise the level of corporate governance, identify all relevant risks and
promote a sound risk management culture, the Insurance Regulator and Development Authority of India (IRDAI) .
● D-SIIs refer to insurers of such size, market importance and domestic and global inter-connectedness whose distress or
failure would cause a significant dislocation in the domestic financial system.
● IRDAI set up a panel to identify domestically systemically important insurers and put in place an enhanced regulatory
framework for them. The Committee is headed by “Pravin Kutumbe”.
Q) Which among the following has announced the launch of its new brand campaign, Contactless Connections?
A.Axis Card B.HDFC Card
C.SBI Card D.ICICI Card
● Contactless payments, enabled by SBI Card, allow consumers to simply wave their card or phone or scan a QR code to
make safe, secure payments, without handing over their card or punching in the PIN.
Q) Which among the following has decided to introduce from January 1, 2021, the ‘positive pay system’ for cheque?
A.State Bank of India B.Reserve Bank of India
C.Axis Bank D.HDFC Bank
Positive pay system for cheque payments to come into effect from January 1: RBI
● In order to check banking fraud, the Reserve Bank of India has decided to introduce from January 1, 2021, the
‘positive pay system’ for cheque, under which re-confirmation of key details may be needed for payments beyond
Rs 50,000.
● Availing of this facility would be at the discretion of the account holder.
● However, banks may consider making it mandatory in case of cheques for amounts of Rs 5 lakh and above.
● Under the positive pay system, the issuer of the cheque will be required to submit electronically, through SMS, mobile
app, internet banking or ATM certain minimum details of that cheque like date, name of the beneficiary, payee, amount
to the drawee bank.
● These details will be cross-checked before the cheque is presented for payment.
● In case any discrepancy is flagged by cheque truncation system (CTS) to the drawee bank and presenting bank,
redressal measures would be undertaken.
● The National Payments Corporation of India (NPCI) will develop the facility of positive pay in CTS and make it
available to participant banks.
Q) RBI has appointed a three member Committee of Directors (CoD) to look after the affairs of Lakshmi Vilas Bank. Who is
the chairman of the CoD?
A.Sunil Kumar B.Shakti Sinha
C.Meeta Makhan D.Satish Kumar Kalra