Current Affairs (Economy) Practice Test (18-24 November 2021)
1. Which bank was adjudged the best regional rural bank under the ‘Regional Rural Banks’ category, in recognition of its initiatives in the sphere of digital financial services by the ASSOCHAM, Mumbai?
A)MadyanchalGramin Bank
B)Baroda UP Gramin Bank
C)Aryavart Bank
D)Karnataka Vikas Gramin Bank
- View Answer
- Answer: D
2. Which bank partnered with PVR Cinemas to launch co-branded movie debit card?
A)Kotak Mahindra Bank
B)HDFC Bank
C)State Bank of India
D)Punjab National Bank
- View Answer
- Answer: A
3. Which will be India’s first scheme that offers exposure to global companies participating in the block chain ecosystem that got approval by SEBI?
A)Blockchain Feeder Fund
B)Mirrae Asset Fund
C)Invesco Funds
D)Nippon Taiwan Fund
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- Answer: A
4. Which organization has introduced an Internal Ombudsman mechanism for select Non-Banking Financial Companies (NBFCs)?
A)Reserve Bank of India
B)Ministry of Finance
C) Insurance Regulatory and Development Authority of India
D) Securities and Exchange Board of India
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- Answer: A
5. To what amount the corpus of the Payments Infrastructure Development Fund (PIDF) reached?
A)₹540 cr
B)₹585 cr
C)₹600 cr
D)₹614 cr
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- Answer: D
6. Which company has partnered with OneCard, a mobile-first credit card company, to offer no-cost Equated Monthly Installments (EMIs) across its network of 250,000 retailers?
A)Rupay
B)MasterCard
C)Visa
D)MSwipe
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- Answer: D
7. Which bank has entered into a co-lending agreement with fintech firm U GRO Capitalto offer financing solutions to micro, small and medium enterprises (MSMEs)?
A)ICICI Bank
B)IDBI Bank
C)Punjab National Bank
D)State Bank of India
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- Answer: D
8. Which bank has launched micro-credit facility for PM SVANidhi scheme?
A)HDFC Bank
B)RBL Bank
C)State Bank of India
D)Bank of Baroda
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- Answer: A
9. How much amount India received remittances in 2021 as per World Bank report?
A)USD 81 billion
B)USD 65 billion
C)USD 67 billion
D)USD 87 billion
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- Answer: D
10. How much amount of loan has been approved by AIIB for Chennai Metropolitan Area project?
A) USD 120 million
B) USD 130 million
C) USD 140 million
D) USD 150 million
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- Answer: D
11. With which organization the BOB Financial has partnered to launch Bank of Baroda credit cards on RuPay platform?
A) SEBI
B) RBI
C) NPCI
D) NABARD
- View Answer
- Answer: C
12. Which bank was authorized by RBI to collect direct taxes on behalf of the Central Board of Direct Taxes?
A) RBL Bank
B) IDBI Bank
C) HDFC Bank
D) ICICI Bank
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- Answer: A
13. Which bank has partnered with HPCL to facilitate fuel payments at their retail outlets using the bank’s FASTags?
A) IDBI Bank
B) IDFC First Bank
C) Indian Bank
D) Central Bank of India
- View Answer
- Answer: B
14. How much percent the Economic Advisory Council to the Prime Minister (EAC-PM) has projected a real rate of growth of in 2022-23?
A) 9.0-9.5%
B) 8.0-8.5%
C) 7.5-8.0%
D) 7-7.5%
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- Answer: D
15. How much percent of annual deposits the EPFO planned to invest on InvITs, alternative funds?
A) 4%
B) 5%
C) 6%
D) 8%
- View Answer
- Answer: B
16. To what percent SBI Research has upgraded India’s GDP growth projection for financial year 2022?
A) 7.0-7.5%
B) 8.0-8.5%
C) 9.0-9.5%
D) 9.3-9.6%
- View Answer
- Answer: D