Banking, Finance & Economy Current Affairs Quiz -October 12 ,2022
October 12, 2022 October 11, 2022
1. Which bank was selected by the RBI for the “test phase” of the “On Tap” application facility?
[A] SBI
[B] HDFC Bank
[C] ICICI Bank
[D] Axis Bank
Show Answer
Correct Answer: B [HDFC Bank]
Notes:
The Reserve Bank of India (RBI) namely HDFC Bank have been selected for the ‘test phase’ of the ‘On Tap’ application facility for the theme ‘Retail Payments’ under regulatory Sandbox.
2. Under the Pradhan Mantri School for Rising India (PM-Shri) project, Prime Minister Narendra Modi launched a new initiative to develop and renovate how many schools across the country?
[A] 20,500
[B] 16,500
[C] 15,500
[D] 14,500
Show Answer
Correct Answer: D [14,500]
Notes:
Prime Minister Narendra Modi has announced a new initiative, the development and upgradation of 14 thousand 500 schools across the country under the Pradhan Mantri Schools For Rising India (PM-SHRI) Yojana.
3. Which bank recently launched a new SMS banking service for its customers?
[A] State Bank of India
[B] Axis Bank
[C] Punjab National Bank
[D] HDFC Bank
Show Answer
Correct Answer: D [HDFC Bank]
Notes:
HDFC Bank introduced new SMS banking facility for its customers. The private sector lender HDFC Bank has introduced a new SMS banking facility for its customers.
4. According to which Indian bank, India will overtake Germany in 2027 and Japan in 2029 and become the world’s 3rd largest economy?
[A] RBI
[B] SIDBI
[C] Punjab National Bank
[D] State Bank of India
Show Answer
Correct Answer: D [State Bank of India]
Notes:
According to SBI’s Research Report, India would surpass Germany in 2027 and Japan by 2029 at the current rate of growth and become the world’s 3rd largest economy.
5. As part of the Financial Inclusion Campaign, public sector banks will open 300 branches in unbanked areas of different states by what date?
[A] February 2023
[B] January 2023
[C] December 2022
[D] November 2022
Show Answer
Correct Answer: C [December 2022]
Notes:
As part of the financial inclusion drive, public sector banks will open 300 branches in unbanked areas of various states by December 2022.
