General Awareness Quiz 31st May- Question and Answer for Bank Exam

The General Awareness section constitutes a major part of a competitive examination and needs your undivided attention. The questions which are asked in the exam are generally framed on National News, International News, State News, Sports, Awards, Summits, Schemes, Books & Authors, Ranks & Reports, Important Days, Economy, Defence, Science & Technology etc. To excel in this section of the competitive examinations you are required to cover the above area.

To complement your preparation for General Awareness section of the upcoming exams like SBI Clerk Mains and RBI Assistant Mains we are providing you General Awareness Quiz of 31st May 2020 covering the following topics: Reserve Bank of India, MANI, Self-help groups, PPBL, UCBs.

Q1. Reserve Bank of India has launched a mobile app MANI to visually challenged people recently. What is the full form of MANI?
(a) Mobile Aided Note Identification
(b) Mobile Aided Note Identifier
(c) Mobile Aided National Identifier
(d) Mobile Assets Note Identifier
(e) Mobile Aided Note International

Q2. Government of India signed MoU with _________________ for selling the products made by women self-help groups under Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) on the e-commerce platform.
(a) Myntra
(b) Snapdeal
(c) Paytm
(d) Amazon
(e) Flipkart

Q3. With which of the following company, Paytm Payments Bank Ltd (PPBL) has signed a memorandum of understanding for sale of FASTags recently?
(a) Common Service Centres
(b) NASSCOM
(c) Data Security Council of India
(d) NPCI
(e) FICCI

Q4. RBI has revised its supervisory framework for Urban Co-operative Banks (UCBs). A UCB may be placed under supervisory action framework under some conditions, which of the following is not them?
(a) When its Net Non-Performing Asset (NPA) exceeds 6% of its net advances
(b) When its Capital to Risk (Weighted) Assets Ratio (CRAR) falls below 9%
(c) When it incurs losses for two consecutive financial years or has accumulated losses on its balance sheet
(d) When its Net Non-Performing Asset (NPA) exceeds 10% of its net advances and CRAR) falls below 5%
(e) All of the following conditions are alright

Q5. India’s leading Digital lending startup, RevFin has joined hands with PNB MetLife India Insurance Company to offer protection to the RevFin’s customers by bundling life insurance cover on their loans. Where is the headquarters PNB MetLife?
(a) New Delhi
(b) Chennai
(c) Mumbai
(d) Gurugram
(e) Bengaluru

Solutions

S1. Ans.(b)
Sol. The Reserve Bank of India (RBI) has launched a mobile app “Mobile Aided Note Identifier (MANI)”. The visually challenged people can identify the denomination of a currency note by using the mobile app “MANI”.

S2. Ans.(e)
Sol. Government of India signed MoU with Flipkart for selling the products made by women self-help groups under Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) on the e-commerce platform.

S3. Ans.(a)
Sol. Common Service Centres (CSC) e-Governance Services India has signed a memorandum of understanding with Paytm Payments Bank Ltd (PPBL) for sale of FASTags.

S4. Ans.(d)
Sol. The Reserve Bank of India has revised its supervisory framework for Urban Co-operative Banks (UCBs). The revised framework aims to expedite resolution of UCBs experiencing financial stress. A UCB may be placed under supervisory action framework under the following conditions:When its Net Non-Performing Asset (NPA) exceeds 6% of its net advances.When its Capital to Risk (Weighted) Assets Ratio (CRAR) falls below 9%. When it incurs losses for two consecutive financial years or has accumulated losses on its balance sheet.

S5. Ans.(c)
Sol. India’s leading Digital lending startup, RevFin has joined hands with PNB MetLife India Insurance Company to offer protection to the RevFin’s customers by bundling life insurance cover on their loans. This insurance covers loans up to ₹3 lakh for a period of 3 years. PNB MetLife India headquarters located in Mumbai, Maharashtra.

You may also like to read:

• Current Affairs & Daily GK Updates 2020
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