● Kotak Mahindra Life Insurance Company Limited (KLI) has appointed Mahesh Balasubramanian as managing

director of the company

● Kotak General Insurance Company Limited (Kotak GI) will be led by Suresh Agarwal as MD & CEO

Q) PNB Housing Finance has tied up with which bank for a strategic co-lending service that will facilitate retail home loans
at competitive rates?
A.Axis Bank B.HDFC Bank
C.Yes Bank D.ICICI Bank

● Yes Bank announced its partnership with Aditya Birla Wellness Private Limited to launch Wellness Credit Cards
● YES Bank will launch YES Essence Plus to support Women entrepreneurs
● Yuva Pay’ mobile app
● 19 percent in Dish TV

Q) Which Bank has launched the “SmartUp Unnati mentoring Programme” for women entrepreneurs?
A.Yes Bank B.HDFC Bank
C.ICICI Bank D.Axis Bank

HDFC Bank
● Warehouse Commodity Finance
● Shaurya KGC Card
● “Zip drive” instant auto loans
● ‘e-Kisaan Dhan’ app for farmers
● SmartHub Merchant Solutions 3.0
● SmartUp Unnati program
● Corporate social responsibility (CSR) brand “Parivartan
● Mooh Band Rakho Campaign
● HDFC Ergo Business Kisht Suraksha product
● 'India's Best Bank for SMEs' at the Asia-money Best Bank Awards 2021
● HDFC Bank and Common Services Centres (CSCs) together have launched chatbot ‘Eva’ on CSCs Digital Seva
Portal

Q) Markets regulator SEBI has canceled the certificate of registration of which company as a sub-broker?
A.Power Finance Corporation Limited B.Sahara India Financial Corporation Ltd
C.Bajaj Finance LimitedD.HD D. Financial Services Limited

● SEBI committee on mutual funds – Usha Thorat

● Municipal bonds development committee – Sujit Prasad
● Market data advisory committee – Madhabi Puri Buch
● (First women to become whole time member of SEBI)
● SEBI constituted a technical group on the social stock exchange under the chairmanship of Harsh Kumar Bhanwala

Q) IDBI Bank has been taken out of the Prompt Corrective Action (PCA) framework. The Bank was placed under PCA in
which year?
A.2017 B.2018
C.2019 D.2016
● IDBI Bank has sold 23 percent of the stake of IDBI Federal Life Insurance Company Ltd (IFLI) to Ageas Insurance
International NV

Q) Who has been appointed as the Executive Director of Indian Bank?

A. Bharath Krishna Sankar B. Sanjeev Kaushik
C.Imran Amin Siddiqui D. Shenoy Vishwanath

3 © Copyright 2021 Study IQ

Indian Bank
● Indian Bank has entered into pact ‘The Chennai Angels‘ for financing start-ups under the bank’s loan product Ind
SpringBoard
● Indian Bank signed an MoU with BSNL to provide seamless telecom services to the bank at a competitive rate
● Padmaja Chunduru - MD & CEO

Q) Which Bank has launched the country’s first contactless wearable payment device, ‘Wear N Pay’?
A.HDFC Bank B.Axis Bank
C.ICICI Bank D.Yes Bank

Axis Bank
● AI-powered multilingual voice bot AXAA
● It acquired 17% stake in Max Life
● Liberty saving account
● ACE Credit card - AXIS Bank & Google plus
● Axis Securities - YIELD Platform
● PhonePe has partnered with Axis Bank on the Unified Payments Interface (UPI) multi-bank model
● Axis Bank - Aura credit card with health and wellness benefits
● Axis Bank sold its 100 % stake of UK subsidiary to OpenPayd Holdings Ltd

Q) The Union cabinet has approved changes to the Insurance Act for increasing the Foreign Direct Investment (FDI) limit to
__________per cent?
A.49% B.50%
C.74% D.100%

Q) Which Small Finance Bank has launched the “Garima Savings Account” for women?
A.Ujjivan Small Finance Bank B.Janalakshmi Small Finance Bank
C.Equitas Small Finance Bank D.Suryoday Small Finance Bank

● Equitas Small Finance Bank - EVA Savings a/c

● Bank of Baroda - Insta click savings account
● ICICI - Mine Savings a/c
● Ujjivan SFB – Garima Savings a/c
● Axis - Liberty Savings a/c
● Airtel payments bank - Bharosa Savings a/c, 'Rewards123' savings account
● Fino payment bank - Bhavishya Savings a/c, Jan BachatKhata
● Bandhan Bank – Shaurya salary account

Q) Which Bank has launched the ‘Vikas Asha’ loan scheme for women?
A. Bank of Maharashtra B.Karnataka Vikas Grameen Bank
C.Karur Vysya Bank D.Punjab National Bank

KVGB launches loan scheme for women entrepreneurs

● The bank will extend the loan up to a maximum of ₹10 lakh with a repayment period of 84 months.

Q) Which Bank has announced its partnership with TRRAIN (Trust for Retailers & Retail Associates of India) to facilitate
youth employment?
A.Citi Bank B.HSBC India
C.DBS India D.Barclays Bank

4 © Copyright 2021 Study IQ

Q) Magicbricks has partnered with Razorpay and which bank to create a secure online solution for rent payments through
credit cards?
A.ICICI Bank B.HDFC Bank
C.Axis Bank D.Yes Bank

Q) Asset Reconstruction Company of India (Arcil) has appointed whom as the CEO and MD?
A.Pallav Mohapatra B.Rajesh Ranjan
C.Chandra Shekhar Gosh D.Sandeep Bakshi

Q) NPCI has announced a partnership with which among the following to announce the launch of ‘RuPay SoftPoS’ for
millions of Indian merchants?
A.Phone Pe B.HDFC
C.Paytm D.SBI Payments

● NPCI has launched a UPI-Help feature to address the grievances of the users of the BHIM application
● RBI has floated an idea to create New Umbrella Entities as an alternate mechanism to the existing National
Payments Corporation of India (NPCI)
● National Payments Corporation of India (NPCI) has enabled UPI AutoPay on the GAANA music streaming platform

5 © Copyright 2021 Study IQ

Banking Awareness March Set 2 by Dr. Gaurav Garg

Q) The finance ministry has asked SEBI to withdraw a rule that fixes the tenor or maturity of all
perpetual bonds (AT1) at _________ years?
A.50 years B.100 years
C.25 years D.75 years

Q) NPCI has launched which feature to address the grievances of the users of BHIM application?
A.UPI-Help B.UPI-Set
C.UPI-Call D.UPI-Complaint

Q) Niti Aayog has kept how many public sector banks (PSBs) out of the privatization plan in the last round of consolidation?
A.Five B.Six
C.Three D.Two

6 PSBs out of privatization plan, govt to take a call on banks that will be privatized
The government’s think tank Niti Aayog has kept six public sector banks (PSBs) that were part of the last round of
consolidation and State Bank India out of the privatization plan.
These Other Five banks are :
1.Punjab National Bank
2.Union Bank
3.Canara Bank
4.Indian Bank
5.Bank of Baroda
As part of the 2019 consolidation:
● Punjab National Bank - Oriental Bank of Commerce and United Bank of India
● Allahabad Bank with Indian Bank
● Syndicate Bank was merged with Canara Bank
● Andhra Bank and Corporation Bank with Union Bank of India.
Indian Overseas Bank, Central Bank of India, and UCO Bank are under the prompt corrective action framework of the
Reserve Bank of India.
They are expected to come out of it after the RBI reviews its decision following the announcement of fourth-quarter results
of these banks.
IDBI Bank has already come out of the framework.

Q) The National Bank for Financing Infrastructure and Development (NaBFID) will be set up with a corpus of how much
amount?
A.₹20,000 crore B.₹15,000 crore
C.₹30,000 crore D.₹10,000 crore

● The institution is expected to raise up to ₹3 lakh crore in the next few years.
● Initially, it will be wholly owned but the government stake will be lowered to a quarter.

@bankersstudypoint
● It will start with 100% government of India ownership and gradually, in the long run, government ownership will
come down to 26%.
● A bill to set up the DFI will soon be introduced in Parliament.

Q) Which bank was the top remitter on the UPI platform in February, as per data published by the National Payments
Corporation of India?
A.Axis Bank B.HDFC Bank
C.State Bank of India D.Punjab National Bank
SBI, Paytm Payments Bank, PhonePe Lead In UPI Transactions In February

1 © Copyright 2021 Study IQ

 ● State Bank of India was the top remitter on the UPI platform in February, while Paytm Payments Bank led the
chart in the beneficiary segment, as per data published by the National Payments Corporation of India.
● PhonePe topped the app category on the UPI platform in terms of volume and amount involved in the transactions
that it facilitated.
● According to the data published by NPCI, SBI recorded 656.92 million remittance transactions in February, that
is money was sent out from the bank using the UPI platform.
● It was followed by HDFC Bank with 207.27 million remittance transactions, Axis Bank (164.27 million), Paytm
Payments Bank (149.32 million) and ICICI Bank (148.98 million).

Q) The Reserve Bank has asked banks to implement the image-based Cheque Truncation System (CTS) in all branches by
which date?
A.30 May B.30 June
C.30 November D.30 September

Q) Which Bank has set up a wholly-owned subsidiary to manage its credit card business?
A.Canara Bank B.Punjab National Bank
C.Bank of Baroda D.Indian Bank

Q) NeoGrowth Credit has appointed whom as its brand ambassador?

A.Rahul Dravid B.Ajinkya Rahane
C.Yuzvendra Chahal D.Virat Kohli

Q) International Air Transport Association (IATA) has appointed which bank as one of its IATA EasyPay service providers in
India?
A.HSBC B.Barclays Bank
C.Standard Chartered Bank D.Deutsche Bank

● International Air Transport Association (IATA) has appointed Standard Chartered Bank as one of its IATA
EasyPay service providers in India enabling greater payment flexibility to travel agents while aiming to ease cash
flows for airlines.
● Launched in 2018 in India, IATA EasyPay is a new payment method that aids streamline payment flows within the
aviation ecosystem.

Q) Panda bond, seen in the news recently, is which currency-denominated bond?

A.Dollar B.Renminbi
C.Rupee D.Yen

● After more than a decade, the Asian Development Bank (ADB) reissued panda bonds today, raising RMB 2 billion
(approximately US$307 million).
● This issuance is the largest Asian local currency loan in ADB's history.
● A Panda bond is a Chinese renminbi-denominated bond from a non-Chinese issuer, sold in the People's
Republic of China.
● The first two Panda bonds were issued in October 2005 on the same day by the International Finance Corporation
and the Asian Development Bank.
● The coupon rate of the bond is 3.20%, the maturity is 5 years, and the maturity date is March 2026.
● In October 2005, ADB became the first issuer in the panda bond market and issued a 10-year bond with a scale
of RMB 1 billion.

Q) WhatsApp has hired whom to head its payments business in India?

A.Manesh Mahatme B.Nirmal Pandey
C.Abhishek Chand D.Rahul Gupta

2 © Copyright 2021 Study IQ

Q) GV Ramakrishna, who passed away recently, was the former Chairman of which organization?
A.TRAI B.BSE
C.FICCI D.SEBI

Q) RBI under whose chairmanship has set up an external advisory committee for evaluating banking applications?
A.Dilip S. Shanghvi B.Narayan Dubey
C.Shyamala Gopinath D.B. Mahapatra

Q) Union government has raised the limit for tax exemption on interest earned on provident fund (PF) contribution by
employees to what amount per annum in specified cases?
A.Rs 5 lakh B.Rs 3 lakh
C.Rs 4 lakh D.Rs 6 lakh

Q) Indian Overseas Bank (IOB) has launched an ‘IOB Trendy” saving account for which among the following?
A.Women B.Millennials
C.Army Personnel D.Health Workers

Q) Which Small Finance Bank has been awarded ‘Great Place to Work’ certification by the Great Place to Work Institute?
A.Esaf Small Finance Bank B.Ujjivan Small Finance Bank
C.Janalakshmi Small Finance Bank D.Equitas Small Finance Bank

Q) Which bank was adjudged the 'India's Best Bank for SMEs' at the Asiamoney Best Bank Awards 2021?
A.Axis Bank B.HDFC Bank
C.Yes Bank D.ICICI Bank

Q) Name the Former Deputy Governor of Reserve Bank of India (RBI) who passed away recently?
A.Kamalesh Chandra Chakrabarty B.K J Udeshi
C.Vepa Kamesam D. Usha Thorat

Q) RBI has floated an idea to create NUEs as an alternate mechanism to the existing National Payments Corporation of India
(NPCI). What is the full form of NUE?
A.National Union Entities B.New Umbrella Entities
C.National Umbrella Entities D.New Ultra Endorsement

Q) Niyo in partnership with which small finance bank has decided to launch NiyoX?
A.Ujjivan Small Finance Bank B.Janalakshmi Small Finance Bank
C.Equitas Small Finance Bank D.A U Small Finance Bank

Q) The government has authorized which bank to issue and encash Electoral Bonds?
A.Punjab National Bank B.Bank of Baroda
C.Canara Bank D.State Bank of India

Q3) What is India's rank in terms of Market Capitalization in FY 21 as per Bloomberg's report?
A.Fifth B.Eighth
C.Ninth D.Third

● Indian stocks gained the most among the world’s top 10 nations by market value this fiscal, underscoring the
strength of the rally that remained unshaken by Covid-led turmoil and economic uncertainties.
● India’s aggregate market capitalisation soared 88% in dollar terms this fiscal year, showed data from Bloomberg.
This is the sharpest increase in aggregate market capitalisation since FY11.
● Last fiscal year, India’s market capitalisation plunged 31% as the lockdown wrecked investor sentiment.
● Despite the rise, India remained at the eighth position among countries with a market capitalisation of $2.8
trillion.

3 © Copyright 2021 Study IQ

 ● The US, with a market capitalisation of $45.83 trillion, and China at $10.57 trillion saw an aggregate market
capitalisation expansion of 67% and 52%, respectively, from April 2020 so far.

Q) Digit Insurance has roped in which cricketer as its brand ambassador?

A.Virat Kohli B.Rohit Sharma
C.Ajinkya Rahane D.Sachin Tendulkar

Q) India is going to set up a new Development Financial Institution with initial paid-up capital of around how much?
A.2 billion Dollars B.4 billion Dollars
C.3 billion Dollars D.1 billion Dollar

Q) Paytm Money will open its new Technology Development & Innovation Centre in which city of Maharashtra?
A.Mumbai B.Nashik
C.Nagpur D.Pune

SBI, IOCL ink India's first Libor alternative rate deal

● State Bank of India (SBI) and Indian Oil Corporation Limited (IOCL) will be inking the first SOFR (Secured
Overnight Financing Rate) linked external commercial borrowing (ECB) deal as the world moves away from
London Interbank Offered Rate (LIBOR), the de facto international benchmark reference rate.
● The LIBOR will no longer remain the benchmark after December this year.
● Consequently, the Indian banks are also getting prepared to move from Libor to another benchmark.
● Secured Overnight Financing Rate (SOFR) and Sterling Overnight Interbank Average Rate (SONIA) are the
two popular alternatives, but internationally, only a few swap deals are linked to them internationally.
● Libor still continues to be used heavily, especially for loans that mature within a year.
● Both SBI and IOCL officials said the deal will help other firms in India to reference their deals based on an alternate
reference rate.

Tata Motors Inked A Three-Year Mou With The State Bank Of India
● Tata Motors, India’s largest commercial vehicle manufacturer, has inked a three-year MoU with the State Bank of
India (SBI), the country’s leading public sector bank, to offer unique financial assistance for the purchase of Tata
Motors’ range of small and light commercial vehicles.
● In addition to inducing employment, this collaboration will also stir demand for Tata Motors’ BS6 range of vehicles.
● Through this partnership, the two business entities will exercise SBI’s Contactless Lending Platform technology to
ensure uniformity, transparency and a reduced turnaround time in the loan approval process.
● Tata Cleantech signs 10-billion-yen loan agreement with JICA
● Tata Cleantech Capital, a non-banking financial company, has secured a 10-billion-yen loan agreement from
Japan International Cooperation Agency (JICA) for offering loans to Indian firms focussing on clean energy
projects.

Q) The Danish Red Cross which has introduced the world’s first Volcano bond will cover how many volcanoes around the
globe?
A.10 B.15
C.20 D.25

IRDAI increases max cover under Arogya policy to Rs 10 lakh

● In order to bring more people under the ambit of health insurance, the Insurance Regulatory and Development
Authority of India (Irdai) has hiked the maximum cover under the standard health insurance plan — Arogya
Sanjeevani Policy — from Rs 5 lakh earlier to Rs 10 lakh.
● The insurance regulator has made it mandatory for insurers to offer a sum insured between Rs 50,000 to Rs 10 lakh
under the Arogya Sanjeevani policy as against the previous range of Rs 1 to Rs 5 lakh.

4 © Copyright 2021 Study IQ

Banking Awareness April Set 1 by Dr. Gaurav Garg

Q) The National Cooperative Development Corporation (NCDC) has secured how much amount of loan
from Deutsche Bank?
A.Rs 400 cr B.Rs 500 cr
C.Rs 700 cr D.Rs 600 cr

Q) Which among the following has rolled out a ₹10,000-crore ‘Special Refinance Facility-2021’ (SRF-2021)?
A.EXIM BANK B.National Housing Bank
C.SIDBI D.SEBI

Q) A place where the Reserve Bank of India (RBI) stocks the money meant for banks and ATMs is called as _____?
A.Currency Chest B.Digital Locker
C.Call Money D.Credit Crunch

Q) The Punjab National Bank (PNB) has introduced which digital initiative in which customers facilitate and approve all
bank branch transactions?
A.PNB@You B.PNB@New
C.PNB@Ease D.PNB@Core

Q) Reserve Bank of India (RBI) has announced the setting up of a Regulations Review Authority, RRA 2.0 under whose
chairmanship?
A.M Rajeshwar Rao B.Michael Patra
C.Mahesh Jain D.BP Kanungo

● The authority has been christened as such because it follows a similar exercise conducted in 1999-2000.
● The central bank had set up an RRA initially for a period of one year from April 1, 1999, for reviewing the
regulations, circulars, reporting systems, based on the feedback from the public, banks, and financial institutions.

Q) Which cryptocurrency exchange of India has launched India’s first marketplace for Non-Fungible Tokens (NFT)?
A.WazirX B.BuyUCoin
C.CoinDCX D.Bitbns

Q) Which Bank has signed an MoU With with SwitchON foundation to finance solar pumps?
A.Bank of Baroda B.State Bank of India
C.Punjab National Bank D.Canara Bank

Q) Which Foreign Bank has recently made an announcement to exit from the consumer banking business in India?
A.HSBC India B.Deutsche Bank
C.DBS Bank D.CitiBank

Q) The RBI has decided to open up which of the following Centralized Payment Systems (CPS) facilities for payment
system operators?
A.RTGS B.NEFT
C.A&B D.None of the Above

Q) Which bank has partnered with Mastercard to launch the Pay by Bank App?
A.Yes Bank B.Axis Bank
C.RBL Bank D.HDFC Bank

1 © Copyright 2021 Study IQ

Q) Murali M. Natrajan is the Managing Director & CEO of which Bank?
A.Federal Bank B.Axis Bank
C.DCB Bank D.Dhanlaxmi Bank

Q) RBI under whose chairmanship has constituted a committee to review the working of Asset Reconstruction Companies
(ARCs)?
A. Sudarshan Sen B.Anil Kumar Sharma
C. Mridul Saggar D.Vivek Deep

Q) Which investment app has launched the country's first Aadhaar-based SIP payments feature?
A.myCAMS B.ETMONEY
C.KFinKart D.Groww

Q) Life Insurance Corporation of India (LIC) has appointed which payment company to handle its digital payments?
A.Google Pay B.Amazon Pay
C.Paytm D.PhonePe

Q) Former RBI governor passed away recently due to covid, what was his name?
A.R N Malhotra B.M Narasimham
C.P C Bhattacharya D.I G Patel

● Narasimham is considered as the father of Indian banking reforms

● As a senior RBI official, he influenced policy at the time of bank
nationalisation in 1969 and reversed the process by authoring a report in 1991
that paved the way for private banks.
● He was again tasked with reviewing the progress of reforms in banking in
1998. It was his committee’s recommendations that led to the implementation
of the Securitisation and Reconstruction of Financial Assets and Enforcement
of Security Interest (SARFAESI) Act, 2002.
● He holds the record for being the only governor to be appointed from within
the central bank.
● His Book
● From reserve bank to finance ministry and beyond : some reminiscences

Q) Which has become the first payments bank in the country to day-end account balance limit for customers from ₹ 1 lakh to
₹ 2 lakh?
A.Indian Post Payment Bank B.Airtel Payment Bank
C.Fino Payment Bank D.Jio Payment Bank

Q) RBI recently has allowed commercial banks to pay up to what per cent of pre-Covid dividends?
A.25% B.50%
C.60% D.35%

Q) RBI has approved the appointment of Atanu Chakraborty as part-time chairman of which bank?
A.Axis Bank B.Yes Bank
C.ICICI Bank D.HDFC Bank

Q) Which bank has launched a Immune India Deposit Scheme?

A.State Bank of India B.Punjab National Bank
C.Central Bank of India D.Bank of Baroda

2 © Copyright 2021 Study IQ

Q) RBI has restricted which card company from on-boarding new domestic customers onto their card networks from May 1?
A.American Express Banking Corp B.Diners Club International Ltd
C.Discover D.A&B
E.B&C

Q) Which Bank has entered into pact ‘The Chennai Angels‘ for financing start-ups under the bank’s loan product Ind Spring
Board?
A.Bank of India B.State Bank of India
C.Indian Bank D.Central Bank of India

Q) The Pension Funds Regulatory and Development Authority (PFRDA) is looking to raise the maximum age of entry into
the National Pension System (NPS) to _______years?
A.75 years B.60 years
C.65 years D.70 years

National Pension System entry age limit may be raised to 70 years, exit to 75
● The Pension Funds Regulatory and Development Authority (PFRDA) is looking to raise the maximum age of entry
into the National Pension System (NPS) to 70 years from 65.

Q) RBI has cancelled the licence of Bhagyodaya Friends Urban Co-operative Bank Limited. The bank is based in which
state?
A.Gujarat B.Madhya Pradesh
C.Rajasthan D.Maharashtra

Q) Which Digital Payment company has launched a video-based wealth community?

A.Phone Pe B.Amazon Pay
C.Google Pay D.Paytm

Q) RBI has capped the tenure of managing directors (MDs) and chief executive officers (CEOs) and whole-time directors
(WTDs) of private banks to how many years?
A.12 years B.10 years
C.15 years D.20 years

Regulator caps terms for MDs, CEOs at private banks

● The Reserve Bank of India (RBI) has capped the tenure of managing directors (MDs) and chief executive officers
(CEOs) and whole-time directors (WTDs) of private banks at 15 years from the date of appointment.
● For CEOs who are part of the promoter group or large shareholder, the tenure is capped at 12 years.
● The age cap for chairman and independent directors has been set at 75 years.
● According to the new rules, an individual will be eligible for re-appointment as an MD and CEO or a whole-time
director in the same bank after a minimum gap of three years.
● During this three-year cooling period, the individual shall not be appointed or associated with the bank or its
group entities in any capacity, either directly or indirectly.

Q) Which Bank has commenced operations as a small finance bank with effect from April 26, 2021?
A.Saraswat Small Finance Bank B.Shivalik Small Finance Bank
C.Janata Small Finance Bank D.Kalyan Small Finance Bank

● The Reserve Bank of India (RBI) on April 26 said Shivalik Small Finance Bank has commenced operations as a
small finance bank with effect from April 26, 2021.
● The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to
carry on the business of small finance bank in India.

3 © Copyright 2021 Study IQ

Q) Which bank has signed an MoU with BSNL for getting seamless telecom services at a competitive rate?
A.State Bank of India B.Punjab National Bank
C.Canara Bank D.Indian Bank

Q) Who has been appointed as the Managing Director And CEO of National Commodity and Derivatives Exchange
(NCDEX)?
A.Arun Raste B.Manish Kumar
C.Anish Shah D.Tarun Bajaj

Q) Who has been appointed as the Director on the Central Board of Reserve Bank of India?
A.Tarun Shridhar B.Rajesh Kotecha
C.Navin Verma D.Ajay Seth

Q18) Who has been appointed as the Finance Secretary?

A.Debashish Panda B.T V Somanathan
C.Tarun Bajaj D.Ajay Seth 30april

NBFCs get nod to function in GIFT

● Non-bank finance companies, both local and global, can now start operations in Gujarat’s GIFT City.
● They will be allowed to offer the whole range of services — loans, exotic derivative trades, investment banking, and
third-party product sales.

Q) Which country has banned the use of cryptocurrencies and crypto-assets including Bitcoin to purchase goods and
services?’
A.Turkey B.India
C.Australia D.Canada

Now zero balance post office savings account can only be opened by these people
● The government has amended the Post Office Savings Account Scheme rules to allow certain people to open zero
balance basic savings accounts with the post office.
● Currently, post office savings accounts come with a minimum balance requirement that must be maintained
mandatorily.
● As per a notification by the Ministry of Finance issued on April 9, 2021, a basic savings account (or zero balance
account) with the post office can be opened by an individual:
● (a) who is a registered adult member of any government welfare scheme and
● (b) by the guardian of a minor whose name is registered for any government benefit.
● The basic savings account opened by the above-mentioned people will be a zero balance account, however, the
number of accounts that can be opened cannot be more than one.
● Government welfare deposits and any other deposits are allowed under the basic savings account with the post
office.
● Currently, as per the scheme rules, the post office savings account requires a minimum balance of Rs 500.
● If the minimum balance in the post office account is not maintained, then the account maintenance fee is deducted
from the individual's account.
● Such bank accounts come with certain restrictions. In case of the BSBDA account, the maximum balance that can be
maintained in the account is Rs 50,000.
● Total deposits that are allowed under the BSBDA account in a financial year cannot exceed Rs 1 lakh. Further, the
maximum amount that can be withdrawn in a particular month cannot exceed Rs 10,000.
● Not more than four withdrawals are allowed in a month.

4 © Copyright 2021 Study IQ

Banking Awareness April Set 2 by Dr. Gaurav Garg

Q) YES Bank will launch YES Essence Plus to support who among the following?
A.Farmers B.Millennials
C.Women entrepreneurs D.Street Vendors

YES BANK, SHEROES launch “YES Essence Plus” accelerator to support women entrepreneurs
● The 10-week Yes Essence Plus accelerator offers a curated curriculum, training, support to select women-led
startups. Here’s a snapshot of the benefits.

Q) According to World Bank, the GDP growth for India for FY 2021-22 will be what per cent?
A.9.5% B.8.6%
C.11.2% D.10.1 %

Q) Reserve Bank of India has extended the timeline for the implementation of new Auto Debit Rule by which month?
A.September 30 B.October 30
C.June 30 D.November 30

Q) The US-based cryptocurrency exchange Coinbase has decided to set up its base in which Indian city?
A.Pune B.Hyderabad
C.Bengaluru D.Gurugram

Q) The Union government will infuse Rs 14,500 crore of equity in how many banks by issuing non-interest-bearing,
non-transferable bonds?
A.Three B.Seven
C.Four D.Six

Q) Which bank has inked $1 billion loan agreement with Japan Bank for International Cooperation (JBIC)?
A.Punjab National Bank B.State Bank of India
C.Bank of Baroda D.Canara Bank

Q) Which bank has launched a “UNI – CARBON CARD”, an HPCL co-branded credit card on the Rupay platform of
NPCI?
A.Axis bank B.Union Bank of India
C.Yes Bank D.UCO Bank

Q) Which bank has partnered with PhonePe for the issuance of FASTags?
A.Axis Bank B.ICICI Bank
C.HDFC Bank D.Yes Bank

ICICI Bank, PhonePe tie up for issuance of FASTags

● ICICI Bank and digital payment wallet PhonePe have partnered for issuance of FASTag, which facilitates electronic
payment of fee at toll plazas.
● Under the partnership, the issuance of FASTag will take place by using UPI on the PhonePe app.

Q) Mastercard would invest how much amount in the Airtel Africa’s wholly-owned subsidiary Airtel Mobile Commerce BV
(AMC BV)?
A.USD 100 million B.USD 120 million
C.USD 220 million D.USD 150 million

1 © Copyright 2021 Study IQ

Q) Which Small Finance Bank has joined hands with nStore to digitize offline retailers and small businesses in the country?
A.Ujjivan Small Finance Bank B.Janalakshmi Small Finance Bank
C.Equitas Small Finance Bank D.A U Small Finance Bank

Q) Which Nagar Nigam of Uttar Pradesh listed itself at BSE and successfully raised Rs. 150 Crores, recently?
A.Agra Municipal Corporation B.Ghaziabad Municipal Corporation
C.Varanasi Municipal Corporation D.Lucknow Municipal Corporation

Q) Which has become the first Digital Payment company in India to cross one billion transactions on UPI in the month of
March?
A.PhonePe B.BHIM
C.Paytm D.Google Pay

Q) RBI has fixed the limits for Ways and Means Advances (WMA) at what amount for the first half of the financial year
2021-22 (April 2021 to September 2021)?
A.₹3.13 lakh crore B.₹2.10 lakh crore
C.₹1.20 lakh crore D.₹4.10 lakh crore

RBI fixes WMA limits at ₹1.20 lakh crore for April-September 21

● The Reserve Bank of India (RBI), in consultation with the Government, has decided that the limits for Ways and
Means Advances (WMA) for the first half of the financial year 2021-22 (April 2021 to September 2021) will be
₹1.20 lakh crore.
● The central bank provides financial accommodation to the Government to tide over temporary mismatches in the
cash flow of its receipts and payments as WMA.
● The WMA scheme was introduced in 1997
● The government can avail cash from the RBI for temporary mismatches in cash flow and it has to return the amount
within 90 days. Interest is charged at the existing repo rate.
● Section 17(5) of the RBI Act, 1934 authorizes the RBI to lend to the Centre and state governments subject to their
being repayable “not later than three months from the date of the making of the advance”.

Q) R K Chhibber, seen in the news recently, is the Chairman and Managing Director, of which bank?
A.Bank of Maharashtra B.Jammu and Kashmir Bank
C.UCO Bank D.Indian Bank

Q) Which state has accounted for the highest collection of about Rs 90,000 crore from small savings schemes, as per data
collated by the National Savings Institute?
A.Uttar Pradesh B.West Bengal
C.Assam D.Tamil Nadu

Q) The World Bank and AIIB have approved a loan of USD 300 million for canal-based drinking water projects in which
state?
A.Haryana B.Rajasthan
C.Punjab D.Madhya Pradesh

Q) Which Bank will sell its 100 % stake in UK subsidiary to OpenPayd Holdings Ltd?
A.HDFC Bank B.ICICI Bank
C.Axis Bank D.Yes Bank

Q) Which bank has approved a rupee bond borrowing limit of Rs 8,000 crore for FY22?
A.ICICI Bank B.HDFC Bank
C.Axis Bank D.IDBI Bank

2 © Copyright 2021 Study IQ

Q) Name the deputy governor of the Reserve Bank of India (RBI) who has stepped down on 2 April after completing his
term?
A.Mahesh Kumar Jain B.B.P. Kanungo
C.Michael Patra D.Rajeshwar Rao

Q) RBI in its Monetary Policy Report of April has projected India’s GDP growth rate at what percent for FY 2021-22?
A.10.1% B.10.5%
C.11.0% D.9.6%

● Policy Repo Rate unchanged at 4%

● Marginal Standing Facility (MSF) rate and the Bank Rate remain unchanged at 4.25%
● Reverse Repo Rate stands unchanged at 3.35%.
● The projection of real GDP growth for 2021-22 has been retained at 10.5% consisting of 26.2% in Q1; 8.3% in Q2;
5.4% in Q3; and 6.2% in Q4.

Q) Which country host the first Meeting of BRICS Finance Ministers and Central Bank Governors?
A.South Africa B.India
C.China D.Brazil

Q) International Monetary Fund (IMF) has predicted India’s GDP growth at what percent for FY22?
A.11.5% B.12.5%
C.10.4% D.11.7%

Q) Which of the following institution has decided to publish the Financial Inclusion Index?
A.SEBI B.FICCI
C.RBI D.Niti Aayog

Q) Who has been appointed as the Chairman and Managing Director of Small Industries and Development Bank of India
(SIDBI)?
A.Satya Venkata Rao B.Pankaj Jain
C.Ashish Gupta D.S Ramann

Q) Reserve Bank of India (RBI) has hiked the maximum end-of-day balance for payment banks to how much amount?
A.Rs 2 lakh B.Rs 1 lakh
C.Rs 3 lakh D.Rs 5 lakh

Q) Maruti Suzuki India Limited (MSIL) has signed an MoU with which Bank to introduce finance options for customers?
A.Axis Bank B.Syndicate Bank
C.Karnataka Bank D.Karur Vysya Bank

Q) Which bank along with its subsidiaries, have become the co-promoters of Max Life Insurance Company?
A.HDFC Bank B.Yes Bank
C.Axis Bank D.ICICI Bank

Q11) Under Pradhan Mantri MUDRA Yojana, what percent of loans have been given to women entrepreneurs till now?
A.68% B.35%
C.55% D.49%

Nearly 68% loans under PMMY sanctioned to women entrepreneurs

● More than 28 crore 68 lakh loans for an amount of nearly 15 lakh crore rupees have been sanctioned since launch
of Pradhan Mantri MUDRA Yojana.
● Finance Ministry has said that about 68 percent of loans have been given to women entrepreneurs and about 51
percent of loans have been given to SC, ST and OBC borrowers.

3 © Copyright 2021 Study IQ

 ● Ministry of Labour and Employment has said that this yojana has helped in generation of 1 crore 12 lakh net
additional employment from 2015 to 2018.
● Women have accounted for 62 percent of this estimated increase in employment.
● PMMY was launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans upto Rs.10 Lakh to
the non-corporate, non-farm small/micro enterprises.
● It was sixth anniversary of Pradhan Mantri MUDRA Yojana.
● The loans are given for income generating activities in manufacturing, trading and services sectors and for activities
allied to agriculture.
● Mudra loans are offered in three categories namely, ‘Shishu’, ‘Kishore’and ‘Tarun’ which signifies the stage of
growth or development and funding needs of the borrowers:-
● Shishu : covering loans upto Rs. 50,000/-
● Kishore : covering loans above Rs. 50,000/- and upto Rs. 5 lakh
● Tarun : covering loans above Rs. 5 lakh and upto Rs. 10 lakh

Q) The Reserve Bank will conduct open market purchase of government securities of worth how much amount under the
G-sec Acquisition Programme (G-SAP 1.0)?
A.₹2 lakh crore B.₹1 lakh crore
C.₹3 lakh crore D.₹4 lakh crore

Q) Which Small Finance Bank has partnered with Axis Securities to offer investment services through 3-in-1 account?
A.Ujjivan Small Finance Bank B.Jana Small Finance Bank
C. Equitas Small Finance Bank D.ESAF Small Finance Bank

Q) Which has become the first mutual fund company to cross Rs 5 lakh crore mark in the March quarter?
A.ICICI Mutual Fund B.SBI Mutual Fund
C.Axis Mututal Fund D.HDFC Mutual Fund

Q) Finance Minister Nirmala Sitharaman participated in which edition of the Development Committee Meeting of World
Bank and IMF?
A.105th B.103rd
th
C.98 D.100th

Q) Which Bank has approved a USD 484-million loan to improve transport connectivity in the Chennai-Kanyakumari
Industrial Corridor (CKIC)?
A.World Bank B.New Development Bank
C.Asian Development Bank D.Asian Infrastructure Investment Bank

Q) According to International Monetary Fund, the debt to GDP ratio of India increased from 74% to _______% due to
COVID-19 crisis?
A.80% B.85%
C.90% D.95%

Q) Which organization has drafted guidelines on Trade Credit Insurance?

A.SEBI B.IRDAI
C.RBI D.CCI

Q) Which Payments Bank has launched its new savings account 'Rewards123’?
A.Airtel Payments Bank B.Jio Payments Bank
C.Fino Payments Bank D. India Post Payments Bank

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Q) Bharti Axa Life and which Small Finance Bank have joined hands for a bancassurance partnership?
A.Ujjivan Small Finance Bank B.Janalakshmi Small Finance Bank
C.Equitas Small Finance Bank D.Fincare Small Finance Bank

Q) According to a study by the IIT-Bombay, which bank has collected Rs 300 crore from zero balance accounts in 5 years?
A.Punjab National Bank B.Bank of Baroda
C.State Bank of India D.Canara Bank

Q8) G20 nations and the International Monetary Fund (IMF) have given their nod to issuing fresh Special Drawing Rights
(SDR) worth how much amount?
A.$650 billion B.$350 billion
C.$750 billion D.$850 billion

What is SDR?
● It is a liquidity tool created by the IMF from currencies, including the United States dollar, Japanese yen, Chinese
yuan, the euro, and the British pound.
● SDR can be exchanged for currencies like US dollars by all of IMF’s 190 member nations.
● The best part is that the nations which convert their SDRs into currency don't have to pay back to the IMF by any
specific deadline. These nations just have to pay back the interest (charged on SDR allocation) to the IMF.

What are the benefits of SDR?

● For countries with low forex reserves, SDR provides a great way to pump in liquidity. The latest SDR allocation has
been made in the wake of the COVID-19 pandemic to facilitate the recovery efforts of developing economies.
● Further, it is very challenging for debt-ridden economies to find lenders and thus, SDR provides them a great way to
tide over financial crisis situations.
● Meanwhile, SDRs can be used to further fiscal stimulus efforts by richer countries.

Q) According to data released by RBI, Bank credit grew by what per cent in the financial year ended March 31, 2021?
A.3.23% B.5.56%
C.7.34% D.6.67%

Bank credit grew over 5.5% in FY21; deposits rose 11.4%

● Bank credit grew 5.56 per cent to Rs 109.51 lakh crore, while deposits rose 11.4 per cent to Rs 151.13 lakh crore
in the financial year ended March 31, 2021, data released by the Reserve Bank of India (RBI) showed.
● In the 2019-20 fiscal, advances had grown at 6.1 per cent and deposits at 7.9 per cent.
● Though the interest rates of banks have reduced by 107 basis points from February 2020 to February 2021, the
overall credit growth continued to moderate due to risk aversion and continued parking of excess liquidity with the
RBI.

5 © Copyright 2021 Study IQ

Banking‌‌Awareness‌‌May‌‌Set‌‌1‌ b
‌ y‌D
‌ r.‌G
‌ aurav‌G
‌ arg‌ 

Q) ‌Which‌b‌ ank‌h‌ as‌‌launched‌‌the‌‌digital‌‌platform‌‌‘Merchant‌S

‌ tack’‌t‌o‌‌target‌‌over‌2‌ ‌‌crore‌‌retail
merchants‌i‌n‌t‌he‌‌country?
A.Axis‌‌Bank B.HDFC‌‌Bank
C.ICICI‌‌Bank D.Yes‌‌Bank

ICICI‌B
‌ ank‌ 
● ICICI‌B ‌ ank‌‌linked‌‌UPI‌‌ID‌‌to‌‌its‌‌digital‌‌wallet‌‌’Pockets’
● ICICI‌B ‌ ank‌‌launched‌‌'Namma‌‌Chennai‌‌Smart‌‌Card’
● ICICI‌L ‌ ombard‌‌launched‌‌Corporate‌‌India‌‌Risk‌I‌ ndex
● ICICI‌‌Prudential‌‌Life‌‌Insurance‌‌Company‌‌launched‌‌the‌‌Guaranteed‌‌Income‌‌for‌‌Tomorrow‌o‌ r‌G
‌ IFT‌‌product
● ICICI‌‌Bank‌l‌aunched‌‌a‌‌new‌‌mobile‌‌application‌‌‘InstaFX’

Q) ‌According‌‌to‌a‌ ‌r‌ eport‌‌by‌‌Brand‌‌Finance,‌‌Life‌‌Insurance‌‌Corporation‌h‌ as‌e‌ merged‌‌as‌‌the‌‌_______th‌m

‌ ost‌‌valuable
insurance‌b‌ rand‌‌globally?
A.4‌th ‌
B.5‌th
th  ‌
C.10‌ D.9‌th

● The‌U ‌ S‌‌has‌‌two‌‌companies‌‌in‌‌the‌‌top‌‌10,‌‌China‌‌has‌‌five‌‌while‌‌France,
Germany,‌‌and‌‌India‌‌have‌‌one‌‌insurance‌‌company‌‌each‌‌in‌‌the‌‌list.
● Most‌‌valued‌c‌ ompany‌‌–‌‌Ping‌‌an‌‌insurance,‌‌China
● As‌f‌ ar‌‌as‌‌the‌s‌ trongest‌‌insurance‌b‌ rands‌a‌ re‌c‌ oncerned,‌‌Italy’s‌P
‌ oste
Italiane‌‌leads‌‌the‌‌pack

● Managing‌D ‌ irector‌‌of‌‌LIC‌‌-‌‌Siddhartha‌‌Mohanty
● LIC‌‌'Bima‌‌Jyoti'‌‌policy‌–‌ ‌‌Minimum‌‌sum‌‌assured‌‌-1‌‌lakh‌‌no‌‌upper‌‌limit,
90‌‌days‌-‌ ‌‌60‌‌years
● LIC)‌‌has‌a‌ ppointed‌‌Paytm‌‌to‌h‌ andle‌‌its‌‌digital‌‌payments

Q) ‌Who‌h‌ as‌‌been‌‌appointed‌‌as‌‌the‌‌fourth‌d‌ eputy‌‌governor‌‌of‌‌the‌R

‌ eserve‌B
‌ ank‌‌of
India?
A.T‌R‌ abi‌S
‌ anka‌r B.Ajay‌K
‌ umar‌‌Choudhary
C.Neeraj‌N‌ igam D.Rohit‌J‌ ain

Q) ‌Public‌s‌ ector‌i‌nsurer‌‌The‌‌New‌‌India‌‌Assurance‌C
‌ o‌‌Ltd‌‌(NIACL)‌h‌ as‌‌been‌r‌ eclassified‌‌as‌‌a‌‌'public‌‌shareholder‘‌‌of‌‌which
bank?
A.ICICI‌B‌ ank ‌B.Axis‌B ‌ ank
C.Yes‌‌Bank D.HDFC‌‌Bank

Q) ‌RBI‌‌has‌‌joined‌‌the‌‌Central‌‌Banks‌a‌ nd‌‌Supervisors‌‌Network‌‌for‌‌Greening‌‌the‌‌Financial‌S
‌ ystem‌‌(NGFS).‌‌Where‌‌is‌H
‌ Qs‌‌of
NGFS‌‌located?
A.Paris B.New‌‌York
C.London D.Rome

● Launched‌‌at‌‌the‌P‌ aris‌O
‌ ne‌‌Planet‌‌Summit‌‌on‌‌December‌‌12,‌‌2017,‌‌the‌‌NGFS‌‌is‌‌a‌g‌ roup‌o‌ f‌c‌ entral‌b‌ anks‌‌and
supervisors‌‌willing‌‌to‌‌share‌‌best‌‌practices‌‌and‌c‌ ontribute‌t‌o‌t‌he‌‌development‌‌of‌‌environment‌‌and‌‌climate‌‌risk
management‌‌in‌‌the‌‌financial‌‌sector,‌‌while‌‌mobilising‌m ‌ ainstream‌‌finance‌‌to‌‌support‌‌the‌‌transition‌‌towards‌‌a
sustainable‌‌economy.
● Location‌‌-‌‌Paris,‌‌France

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Q)‌W‌ hich‌‌country‌h‌ as‌a‌ dded‌‌cryptocurrency‌‌firms‌‌to‌‌money‌‌laundering‌‌and‌‌terror‌‌financing‌r‌ ules?‌  ‌
A.Denmark‌ ‌B.Turkey‌  ‌
C.Israel‌ D.India‌  ‌
 ‌
Q)‌‌Kotak‌M ‌ ahindra‌L ‌ ife‌‌Insurance‌‌Company‌‌Limited‌‌(KLI)‌‌has‌‌appointed‌‌whom‌‌as‌‌managing‌d‌ irector‌o‌ f‌t‌he‌c‌ ompany?‌  ‌
A.Mahesh‌B ‌ alasubramanian‌‌  B.Suresh‌‌Agarwal‌  ‌
C.Sunil‌S ‌ harma‌ D.Muralikrishna‌‌Cheruvu‌  ‌
 ‌
● ‌Kotak‌M ‌ ahindra‌‌Life‌‌Insurance‌‌Company‌‌Limited‌‌(KLI)‌‌has‌‌appointed‌‌Mahesh‌‌Balasubramanian‌‌as‌‌managing‌‌ 
director‌‌of‌t‌he‌‌company.‌  ‌
● Suresh‌‌Agarwal‌‌has‌‌been‌‌elevated‌‌to‌‌MD‌‌&‌‌CEO‌‌of‌‌Kotak‌G ‌ eneral‌I‌ nsurance.‌  ‌
 ‌
Q)‌‌SEBI‌h‌ as‌a‌ sked‌t‌he‌‌companies‌‌to‌‌pay‌‌the‌‌minimum‌o‌ f‌‌what‌‌percent‌‌of‌‌the‌‌salary‌‌of‌t‌he‌‌key‌‌employees‌‌of‌‌asset‌‌ 
management‌c‌ ompanies‌‌(AMCs)‌‌to‌‌be‌‌in‌M ‌ utual‌‌Fund‌‌units?‌  ‌
A.20%‌ B.10%‌  ‌
C.25%‌ D.12%‌  ‌
 ‌
Q)‌R‌ eserve‌‌Bank‌‌of‌I‌ ndia‌‌has‌‌imposed‌a‌ ‌p‌ enalty‌o‌ f‌‌how‌‌much‌‌amount‌‌on‌‌ICICI‌‌Bank‌‌over‌‌violation‌‌of‌r‌ ules?‌  ‌
A.Rs‌3‌ ‌‌Crore‌ B.Rs‌‌2‌‌Crore‌  ‌
C.Rs‌‌4‌‌Crore‌ D.Rs‌‌5‌‌Crore‌  ‌
 ‌
Q)‌T‌ he‌‌Reserve‌‌Bank‌o‌ f‌I‌ ndia‌‌will‌‌provide‌‌a‌‌term-liquidity‌f‌ acility‌o‌ f‌‌₹‌‌_______‌‌crore‌‌for‌‌emergency‌‌medical‌‌services‌‌for‌a‌  ‌‌
period‌‌of‌‌3‌‌years?‌  ‌
A.₹20,000‌‌crore‌‌  ‌B.₹50,000‌‌crore‌‌   ‌
C.₹70,000‌‌crore‌‌  D.₹45,000‌‌crore‌‌   ‌
 ‌
Q)‌‌The‌‌Reserve‌‌Bank‌‌of‌‌India‌‌has‌‌constituted‌‌an‌‌advisory‌‌group‌‌under‌‌whose‌‌chairmanship‌‌to‌‌assist‌‌the‌‌second‌R ‌ egulatory‌‌ 
Review‌A ‌ uthority‌‌(RRA‌‌2.0)?‌  ‌
A.S‌J‌ anakiraman‌ B.Aswini‌‌Kumar‌T ‌ ewari‌  ‌
C.Mahesh‌‌Pandey‌‌  D.Narendra‌‌Singh‌  ‌
 ‌
Q)‌W‌ hich‌‌bank‌h‌ as‌b‌ een‌‌selected‌‌as‌‌a‌‌digital‌‌payments‌‌partner‌‌by‌‌the‌‌National‌A ‌ griculture‌‌Market‌(‌ eNAM)?‌  ‌
A.Kotak‌M ‌ ahindra‌B ‌ ank‌ B.State‌B ‌ ank‌‌of‌I‌ ndia‌  ‌
C.Bank‌o‌ f‌B ‌ aroda‌ D.Axis‌B ‌ ank‌  ‌
 ‌
Q)‌W‌ hich‌b‌ ank‌h‌ as‌b‌ een‌‌excluded‌‌by‌‌Reserve‌‌Bank‌o‌ f‌‌India‌(‌ RBI)‌f‌ rom‌‌the‌‌Second‌‌ 
Schedule‌‌of‌‌the‌‌RBI‌‌Act‌‌as‌‌the‌‌bank‌‌was‌‌merged‌‌with‌‌DBS‌‌Bank‌‌India‌‌Ltd‌‌(DBIL)?‌  ‌
A.Nainital‌‌Bank‌‌  B.Dhanlaxmi‌‌Bank‌  ‌
C.Bandhan‌‌Bank‌ ‌D.Lakshmi‌‌Vilas‌‌Bank‌  ‌
 ‌
Q)‌I‌ ndia‌‌and‌‌European‌‌Investment‌‌Bank‌‌(EIB)‌‌have‌s‌ igned‌t‌he‌‌finance‌‌contract‌‌for‌‌the‌‌ 
second‌‌tranche‌‌of‌‌Euro‌‌150‌‌million‌‌for‌‌which‌‌Metro‌‌Rail‌‌project?‌  ‌
A.Bangalore‌‌Metro‌ B.Delhi‌‌Metro‌  ‌
C.Pune‌‌Metro‌ D.Kolkata‌‌Metro‌  ‌
 ‌
Q)‌‌Who‌‌is‌‌the‌‌head‌‌of‌‌the‌‌technical‌‌group‌‌on‌‌social‌s‌ tock‌‌exchanges‌‌(SSEs)‌‌constituted‌b‌ y‌‌ 
SEBI?‌  ‌
A.‌‌Ananta‌‌Barua‌‌  B.Madhabi‌P ‌ uri‌‌Buch‌  ‌
C.Harsh‌‌Bhanwala‌‌  D.‌‌S.‌‌K.‌M‌ ohanty‌  ‌
 ‌
● A‌‌technical‌‌group‌‌on‌‌social‌‌stock‌‌exchanges‌(‌ SSEs),‌‌under‌t‌he‌‌chairmanship‌o‌ f‌‌ 
Harsh‌‌Bhanwala‌  ‌

 ‌
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 ● constituted‌‌by‌‌the‌‌Securities‌‌and‌‌Exchange‌‌Board‌‌of‌‌India‌‌(SEBI),‌‌has‌‌recommended‌t‌hat‌p‌ olitical‌‌and‌r‌ eligious‌‌ 
organisations,‌‌trade‌‌organisations‌‌as‌‌well‌‌as‌‌corporate‌‌foundations‌‌should‌‌not‌‌be‌‌allowed‌t‌o‌‌raise‌f‌ unds‌‌through‌‌ 
SSEs.‌  ‌
● SEBI‌‌set‌‌up‌‌the‌‌technical‌‌group‌‌in‌‌September,‌‌former‌‌chairman‌‌of‌‌NABARD.‌  ‌
 ‌
Q)‌‌Which‌‌Bank‌a‌ nd‌‌Common‌‌Services‌‌Centres‌‌(CSCs)‌‌together‌‌have‌‌launched‌‌chatbot‌‌‘Eva’‌‌on‌‌CSCs‌‌Digital‌‌Seva‌‌Portal?‌  ‌
A.Axis‌‌Bank‌ ‌B.HDFC‌‌Bank‌  ‌
C.Yes‌B ‌ ank‌ D.ICICI‌‌Bank‌  ‌
 ‌
Q)‌‌Who‌‌has‌‌been‌‌named‌‌the‌‌Chief‌‌Executive‌O ‌ fficer‌‌of‌t‌he‌‌National‌A ‌ sset‌R‌ econstruction‌‌Company‌‌Limited‌‌(NARCL)?‌  ‌
A.Dinesh‌‌Kumar‌‌Khara‌ B.Ashwani‌‌Bhatia‌  ‌
C.Padmakumar‌M ‌ ‌‌Nair‌‌  D.Sanjeev‌‌Maheshwari‌  ‌
 ‌
Q)‌‌Which‌‌company‌‌has‌‌received‌‌permission‌‌from‌‌Reserve‌‌Bank‌‌of‌I‌ ndia‌‌(RBI)‌‌to‌‌enter‌t‌he‌‌prepaid‌‌payment‌‌business?‌  ‌
A.Muthoot‌‌Finance‌ ‌B.Bajaj‌‌Finance‌  ‌
C.Home‌‌Credit‌ D.Cholamandalam‌‌   ‌
 ‌
● RBI‌‌okays‌‌Bajaj‌‌Finance's‌‌foray‌‌into‌‌prepaid‌p‌ ayment‌b‌ usiness‌  ‌
● Bajaj‌‌Finance‌‌is‌‌all‌‌set‌‌to‌‌join‌‌Paytm‌‌and‌‌Amazon‌i‌n‌‌the‌p‌ repaid‌‌payment‌b‌ usiness‌‌as‌‌the‌R ‌ BI‌‌(Reserve‌‌Bank‌‌of‌‌ 
India)‌‌has‌‌approved‌‌the‌‌company’s‌‌foray‌‌into‌‌the‌s‌ egment‌‌with‌p‌ erpetual‌‌validity.‌  ‌
● This‌‌will‌b‌ ecome‌‌a‌‌part‌‌of‌‌Bajaj‌‌Pay,‌‌which‌‌is‌‌the‌‌company’s‌b‌ id‌‌to‌‌provide‌‌an‌‌integrated‌‌platform‌‌for‌a‌ ll‌‌payments‌‌ 
solutions.‌  ‌
What‌‌are‌‌Prepaid‌‌Payment‌‌Instruments‌‌(PPIs)?‌  ‌
● Simply‌‌put,‌P ‌ PIs‌‌help‌‌you‌‌avail‌‌goods,‌‌services,‌f‌ und‌‌transfers‌‌and‌‌remittances‌‌against‌‌a‌‌pre-stored‌‌value‌‌on‌t‌he‌‌ 
instrument.‌  ‌
● Bajaj‌‌Finance‌‌gears‌‌to‌‌enter‌‌the‌s‌ emi-closed‌P ‌ PI‌s‌ ystem‌‌   ‌
● Closed‌‌System‌‌PPIs:‌T ‌ hese‌‌PPIs‌‌do‌‌not‌a‌ llow‌f‌ or‌‌cash‌‌withdrawals‌‌or‌‌third‌‌party‌‌fund‌‌transfers.‌‌You‌c‌ an‌u‌ se‌t‌he‌‌ 
system‌‌in‌o‌ rder‌‌to‌‌pay‌‌for‌‌availing‌‌goods‌‌and‌‌services‌‌only‌‌against‌‌a‌‌specific‌‌merchant‌‌or‌‌entity.‌‌   ‌
● Semi-closed‌‌System‌‌‌PPIs,‌‌on‌‌the‌‌other‌‌hand,‌o‌ ffer‌‌a‌‌greater‌‌range‌‌of‌‌merchants‌‌and‌e‌ stablishments.‌Y ‌ ou‌‌can‌‌make‌‌ 
payments‌‌to‌‌multiple‌‌merchants/‌‌vendors‌‌through‌‌the‌‌system.‌‌Cash‌‌withdrawal,‌‌though,‌‌is‌‌still‌p‌ rohibited.‌  ‌
● Open‌s‌ ystem‌P ‌ PIs‌-‌ ‌‌The‌‌most‌‌commonly‌‌used‌‌PPIs‌‌are‌‌debit‌a‌ nd‌c‌ redit‌c‌ ards.‌‌You‌c‌ an‌‌make‌‌a‌‌cash‌‌withdrawal‌‌ 
from‌t‌hese‌P ‌ PIs.‌  ‌
 ‌
Q)‌‌Which‌S ‌ mall‌F‌ inance‌B ‌ ank‌‌has‌‌launched‌‌“I‌‌choose‌‌my‌‌number”‌‌feature‌‌for‌‌all‌‌its‌c‌ ustomers‌a‌ cross‌‌India?‌  ‌
A.Ujjivan‌S ‌ mall‌F‌ inance‌B ‌ ank‌ B.Janalakshmi‌S ‌ mall‌‌Finance‌‌Bank‌  ‌
C.Equitas‌S ‌ mall‌‌Finance‌‌Bank‌ ‌D.Jana‌‌Small‌F ‌ inance‌B ‌ ank‌  ‌
 ‌
Q)‌J‌ ose‌J‌ ‌K
‌ attoor‌‌has‌‌been‌‌appointed‌‌as‌‌the‌‌Executive‌‌Director‌(‌ ED)‌o‌ f‌‌which‌‌among‌‌the‌‌following?‌  ‌
A.RBI‌ B.SEBI‌  ‌
C.SIDBI‌ D.SBI‌  ‌
 ‌
Q)‌W‌ hich‌f‌ inancial‌‌Services‌‌Company‌‌has‌‌launched‌‌a‌‌public‌a‌ wareness‌‌campaign‌‌“Savdhan‌R ‌ ahein,‌S
‌ afe‌‌Rahein”?‌  ‌
A.Home‌C ‌ redit‌ ‌B.Bajaj‌F ‌ inserv‌  ‌
C.Muthoot‌‌Finance‌‌  D.Capital‌‌First‌‌Limited‌  ‌
 ‌
Q)‌‌United‌‌Nations‌‌in‌‌its‌‌World‌‌Economic‌‌Situation‌‌and‌‌Prospects‌‌report‌h‌ as‌p‌ rojected‌‌India’s‌‌GDP‌‌growth‌‌for‌‌calendar‌‌year‌‌ 
2021‌‌at‌‌what‌‌per‌‌cent?‌  ‌
A.7.5%‌ B.6.1%‌  ‌
C.8.2%‌ D.7.2%‌  ‌
 ‌
 ‌
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Q)‌O‌ nline‌‌investment‌p‌ latform‌‌Groww‌‌has‌‌announced‌‌to‌‌acquire‌‌which‌‌Mutual‌‌Fund‌‌for‌R ‌ s‌1‌ 75‌‌crore?‌  ‌
A.L&T‌‌Mutual‌‌Fund‌ B.Kotak‌‌Mahindra‌‌Mutual‌‌Fund‌  ‌
C.Franklin‌‌Templeton‌M ‌ utual‌‌Fund‌ ‌D.Indiabulls‌‌Mutual‌F ‌ und‌  ‌
 ‌
Q)‌‌Which‌N ‌ BFC‌h‌ as‌‌announced‌‌its‌‌collaboration‌‌with‌‌fintech‌‌NIRA‌‌to‌‌offer‌‌personal‌‌loans‌o‌ f‌u‌ p‌t‌o‌₹‌ 1‌l‌akh‌t‌o‌‌salaried‌‌ 
customers?‌  ‌
A.‌ ‌Bajaj‌F‌ inance‌L ‌ imited‌ ‌B.Muthoot‌F ‌ inance‌L ‌ td‌  ‌
C.HDB‌F ‌ inance‌S ‌ ervices‌ D.Tata‌‌Capital‌‌Financial‌‌Services‌‌Ltd‌  ‌
 ‌
Q)‌‌Which‌‌IIT‌i‌nstitute‌h‌ as‌‌partnered‌‌with‌‌the‌‌Mobile‌‌Payment‌‌Forum‌‌of‌I‌ ndia‌‌(MPFI)‌‌to‌d‌ evelop‌‌voice-based‌‌solutions‌‌to‌‌ 
boost‌D‌ igital‌M ‌ oney‌‌Transactions‌‌in‌‌India?‌  ‌
A.IIT‌‌Delhi‌‌  B.IIT‌‌Bombay‌  ‌
C.IIT‌M ‌ adras‌ D.IIT‌‌Kanpur‌  ‌
 ‌
Q)‌‌Geojit‌‌Financial‌‌Services‌‌has‌‌signed‌‌an‌‌agreement‌‌with‌‌which‌‌bank‌‌to‌‌offer‌‌a‌‌three-in-one‌‌account?‌  ‌
A.Bank‌‌of‌‌Baroda‌ ‌B.Punjab‌‌National‌‌Bank‌  ‌
C.State‌‌Bank‌‌of‌‌India‌ D.Indian‌‌Bank‌  ‌
 ‌
● RBI‌‌announces‌‌Second‌‌Tranche‌‌of‌‌purchase‌‌under‌‌G-SAP‌‌1.0‌  ‌
● The‌‌first‌‌auction‌‌under‌‌G-SAP‌‌1.0‌‌conducted‌‌on‌‌April‌‌15,‌‌2021‌‌for‌a‌ ‌‌notified‌‌amount‌‌of‌₹‌ 25,000‌‌crore‌‌elicited‌‌an‌‌ 
enthusiastic‌r‌ esponse,‌‌the‌‌RBI‌‌governor‌‌had‌‌said.‌‌   ‌
● The‌‌Reserve‌B ‌ ank‌‌conducted‌‌the‌‌second‌‌tranche‌o‌ f‌‌open‌‌market‌‌purchase‌‌of‌g‌ overnment‌‌securities‌‌of‌‌₹35,000‌c‌ rore‌‌ 
under‌‌the‌‌G-sec‌‌Acquisition‌‌Programme‌‌(G-SAP‌‌1.0)‌‌on‌M ‌ ay‌‌20,‌‌2021‌  ‌
● ‌RBI‌‌decided‌‌to‌‌conduct‌‌another‌‌operation‌‌under‌G ‌ -SAP‌‌1.0‌‌for‌‌purchase‌‌of‌‌G-Secs‌‌of‌‌₹40,000‌‌crore‌‌on‌‌June‌‌17,‌‌ 
2021.‌  ‌
● It‌‌has‌‌also‌b‌ een‌‌decided‌‌to‌‌undertake‌‌G-SAP‌‌2.0‌‌in‌‌Q2:2021-22‌‌and‌‌conduct‌‌secondary‌‌market‌‌purchase‌‌operations‌‌ 
of‌‌₹1.20‌‌lakh‌c‌ rore‌‌to‌‌support‌‌the‌‌market‌  ‌
 ‌
Q)‌‌A‌‌document‌t‌hat‌‌acts‌a‌ s‌‌a‌‌proof‌‌in‌‌India‌‌for‌‌all‌‌inward‌r‌ emittances‌‌and‌‌payments‌‌received‌‌from‌‌abroad‌‌is‌‌known‌‌as?‌  ‌
A.EFRA‌ B.HFRA‌  ‌
C.FIRA‌ D.FCRA‌  ‌
 ‌
● RBI‌‌to‌c‌ onduct‌‌first‌‌SLTRO‌‌of‌‌Rs‌‌10,000‌‌cr‌f‌ or‌s‌ mall‌‌finance‌‌banks‌  ‌
● The‌‌Reserve‌‌Bank‌‌of‌‌(RBI)‌‌conducted‌‌one‌s‌ pecial‌‌long‌‌term‌‌repo‌‌operation‌‌(SLTRO)‌‌for‌‌small‌‌finance‌‌banks‌‌(SFB)‌‌ 
for‌e‌ ach‌m
‌ onth,‌‌totaling‌‌Rs‌‌10,000‌‌crore.‌  ‌
● The‌f‌ irst‌a‌ uction‌‌of‌‌Rs‌‌10,000‌c‌ rore‌‌took‌‌place‌‌on‌‌May‌‌17,‌‌and‌‌the‌‌unutilized‌‌portion‌‌will‌‌be‌‌auctioned‌‌on‌J‌ une‌‌15.‌  ‌
● The‌S ‌ LTRO‌‌will‌‌be‌‌valid‌f‌ or‌‌three‌‌years.‌‌All‌‌SFBs‌‌will‌‌be‌‌eligible‌‌to‌‌participate‌‌in‌t‌he‌‌scheme,‌w ‌ hich‌‌was‌‌ 
announced‌‌by‌‌RBI‌‌Governor‌‌Shaktikanta‌‌Das‌‌on‌M ‌ ay‌‌5‌‌to‌m ‌ itigate‌‌Covid‌‌related‌‌dislocations.‌  ‌
● However,‌‌the‌‌SFBs‌‌will‌‌have‌‌to‌‌ensure‌‌that‌‌the‌‌amount‌‌borrowed‌f‌ rom‌t‌he‌‌RBI‌‌should‌‌at‌‌all‌‌times‌‌be‌‌let‌‌to‌‌the‌‌ 
specified‌‌segments,‌‌namely‌‌small‌‌business‌‌units‌‌and‌‌other‌u‌ norganised‌s‌ ectors‌i‌mpacted‌‌by‌‌the‌p‌ andemic.‌  ‌
● The‌‌fresh‌‌lending‌‌can‌‌be‌‌done‌‌for‌‌loans‌‌of‌‌up‌‌to‌R ‌ s‌1‌ 0‌l‌akh.‌‌There‌‌will‌b‌ e‌‌no‌t‌enor‌‌restriction‌‌regarding‌‌lending‌‌by‌‌ 
SFBs‌‌under‌‌the‌‌scheme.‌  ‌
● Furthermore,‌‌SFBs‌‌should‌‌endeavour‌‌to‌‌lend‌‌within‌‌a‌‌reasonable‌p‌ eriod,‌‌i.e.,‌‌not‌l‌ater‌‌than‌‌30‌‌days‌‌from‌‌the‌‌date‌‌of‌‌ 
availing‌‌the‌f‌ unds‌f‌ rom‌R ‌ BI.‌  ‌
 ‌
 ‌

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Q) ‌Which‌P ‌ ayment‌‌Bank‌‌in‌‌partnership‌‌with‌‌SafeGold‌‌has‌‌launched‌‌a‌d‌ igital‌‌platform‌‌DigiGold‌‌‌for

customers‌‌to‌m‌ ake‌i‌nvestments‌‌in‌‌gold?
A.India‌P‌ ost‌P
‌ ayments‌‌Bank B.Fino‌P ‌ ayments‌‌Bank
C.Jio‌P
‌ ayments‌B ‌ ank ‌D.‌Airtel‌‌Payments‌B ‌ ank

● Airtel‌P
‌ ayments‌‌Bank‌h‌ as‌‌launched‌‌its‌‌new‌‌savings‌‌account‌‌'Rewards123’
● ‌ ayments‌‌Bank‌h‌ as‌‌introduced‌‌the‌‌Airtel‌S
Airtel‌P ‌ afe‌‌Pay‌f‌ eature‌‌to‌‌protect‌‌customers‌‌from‌‌online‌‌frauds
● FINO‌‌Payments‌‌Bank‌‌has‌‌been‌‌included‌i‌n‌t‌he‌‌category‌‌of‌‌a‌‌scheduled‌c‌ ommercial‌‌bank‌‌by‌‌the‌‌Reserve‌B ‌ ank‌o‌ f
India
● Confederation‌‌of‌‌Real‌‌Estate‌‌Developers'‌‌Associations‌o‌ f‌‌India‌‌(C‌ REDAI‌)‌‌has‌‌entered‌‌into‌‌an‌‌MoU‌‌with‌‌India‌‌Post
Payments‌B ‌ ank
● India‌P
‌ ost‌‌Payments‌‌Bank‌h‌ as‌‌partnered‌‌with‌‌Financial‌‌Software‌a‌ nd‌S ‌ ystems‌(‌ FSS)‌‌to‌‌promote‌f‌ inancial‌‌inclusion
among‌u‌ nderserved‌‌and‌‌unbanked‌s‌ egments
● J‌V
‌ enkatramu‌‌has‌‌been‌‌appointed‌‌as‌‌the‌‌managing‌‌director‌‌and‌‌chief‌‌executive‌‌Officer‌‌of‌I‌ ndia‌P ‌ ost‌P‌ ayments‌‌Bank
● India‌P
‌ ost‌P‌ ayments‌‌Bank‌h‌ as‌‌signed‌‌an‌‌MoU‌w‌ ith‌M
‌ ahindra‌‌Rural‌‌Housing‌‌Finance‌‌Limited‌‌(MRHFL)‌‌to‌‌provide
cash‌‌management‌‌solution

Q) ‌According‌‌to‌‌a‌W
‌ orld‌‌Bank‌‌report‌,‌w
‌ hich‌‌country‌‌was‌‌the‌‌largest‌‌recipient‌‌of‌‌remittances‌‌in‌‌2020?
A.China ‌B.‌India
C. ‌Mexico D.Philippines

● India‌‌received‌‌$83‌‌billion‌‌in‌‌remittances‌‌in‌‌2020
● China‌r‌ eceived‌‌$59.5‌‌billion‌‌in‌‌remittances‌i‌n‌‌2020
● India‌‌and‌C‌ hina‌‌are‌‌followed‌‌by‌‌Mexico‌‌($42.8‌b‌ illion),‌‌the‌‌Philippines‌‌($34.9‌b‌ illion),‌‌Egypt‌‌($29.6‌‌billion),
Pakistan‌(‌ $26‌b‌ illion),‌F
‌ rance‌‌($24.4‌‌billion)‌a‌ nd‌‌Bangladesh‌(‌ $21‌‌billion)

World‌‌Bank‌ 
● USD‌‌32‌m ‌ illion‌‌project‌‌to‌‌boost‌‌health‌‌services‌‌in‌‌Mizoram
● World‌‌Bank‌‌&‌‌AIIB‌h‌ ave‌‌approved‌a‌ ‌‌loan‌‌of‌U ‌ SD‌‌300‌‌million‌‌for‌‌Punjab‌‌canal-based‌‌drinking‌w ‌ ater‌p‌ rojects
● World‌‌Development‌‌Report‌‌2021‌:‌‌Data‌‌for‌‌Better‌L ‌ ives
● Global‌‌Economic‌‌Prospects
● N ‌ agaland‌6‌ 8‌M
‌ illion‌‌USD‌‌education
● STARS‌‌project‌5‌ 00‌‌Million‌‌USD
● USD 105‌‌million‌‌to‌‌improve‌‌the‌‌inland‌w ‌ ater‌t‌ransport‌‌infrastructure‌‌in‌‌Kolkata
● ‌$500‌‌million‌‌program‌‌to‌‌help‌‌boost‌I‌ ndia's‌‌MSME‌‌sector
● Montek‌‌Singh‌‌Ahluwalia‌m ‌ ember‌‌of‌‌WB-IMF‌‌High-Level‌A ‌ dvisory‌‌Group.‌U ‌ SD‌‌125‌m
‌ illion‌p‌ rogram‌t‌o‌s‌ upport
Kerala’s‌‌preparedness‌‌against‌‌natural‌‌disasters
● WB‌‌Education‌‌Advisor‌‌Ranjitsinh‌‌Disale.

Q) ‌The‌‌Reserve‌‌Bank‌‌of‌‌India‌‌has‌‌cancelled‌‌the‌‌license‌‌of‌U
‌ nited‌‌Co-operative‌‌Bank‌‌Ltd‌.‌‌The‌b‌ ank‌i‌s‌‌based‌‌in‌‌which‌‌state?
A.Maharashtra ‌B.‌West‌‌Bengal
C.Goa D.Haryana

● The‌‌bank‌c‌ eased‌‌to‌‌carry‌‌on‌‌banking‌‌business,‌‌with‌‌effect‌‌from‌‌the‌‌close‌‌of‌b‌ usiness‌o‌ n‌‌May‌1‌ 3,‌2‌ 021.

● On‌‌liquidation,‌‌every‌‌depositor‌‌would‌‌be‌‌entitled‌‌to‌‌receive‌‌deposit‌‌insurance‌‌claim‌a‌ mount‌‌in‌‌respect‌‌of‌h‌ is/her
deposits‌‌up‌‌to‌‌a‌‌monetary‌c‌ eiling‌‌of‌‌₹5‌‌lakh‌‌from‌t‌he‌D
‌ ICGC‌‌subject‌t‌o‌‌the‌p‌ rovisions‌‌of‌‌the‌‌DICGC‌‌Act,‌‌1961.

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