Important Current Affairs Quiz for Bank Mains Exams 2022- 28th February

Q1. Which bank has launched co-branded contactless credit cards with Patanjali?
(a) Axis Bank
(b) Punjab National Bank
(c) HDFC Bank
(d) State Bank of India
(e) None of the above

Q2. Reserve Bank of India has imposed several restrictions on Indian Mercantile Cooperative Bank Ltd. In which of the city Indian Mercantile Cooperative Bank ltd is located?
(a) Chennai
(b) Mumbai
(c) Kolkata
(d) Lucknow
(e) None of the above

Q3. EXIM Bank extends a $500 million credit line to which country for financing the purchase of petroleum products?
(a) Maldives
(b) Afghanistan
(c) Sri Lanka
(d) Ukraine
(e) None of the above

Q4. The Government of India has done a conversion switch transaction of its securities with the Reserve Bank of India (RBI) for an amount of ___________.
(a) 1,79,901 crores
(b) 1,19,701 crores
(c) 1, 39,201 crores
(d) 1,69,102 crores
(e) None of the above

Q5. RBI has observed ‘Financial Literacy week 2022’ on which of the dates?
(a) February 14-18
(b) February 16-22
(c) February 18-24
(d) February 9-15
(e) None of the above

Q6. With increased investment limit of how much rupees, RBI reopens Voluntary Retention Route?
(a) Rs 50,000 cr
(b) Rs 3,50,000 cr
(c) Rs 1,50,000 cr
(d) Rs 2,50,000 cr
(e) None of the above

Q7. Which bank tie-up with Creditas Solutions for ‘Neo Collections’ platform?
(a) Federal Bank
(b) RBL Bank
(c) Canara Bank
(d) DBS Bank
(e) None of the above

Q8. CBI finds India’s biggest bank fraud of Rs 22,842 cr, books ABG Shipyard. Where is headquarter of ABG Shipyard located?
(a) Mumbai
(b) Ahmedabad
(c) Panji
(d) Surat
(e) None of the above

Q9. Which of the following bank will acquire Union Bank’s stake in IndiaFirst Life Insurance?
(a) Punjab National Bank
(b) Indian Bank
(c) Bank of Baroda
(d) Kotak Mahindra Bank
(e) None of the above

Q10. Which Bank has announced a partnership with NSE Academy to launch five online courses that promote financial literacy as a necessary life skill?
(a) IndusInd Bank
(b) State Bank of India
(c) ICICI Bank
(d) Indian Bank
(e) None of the above

Solutions

S1.Ans(b)
Sol. Punjab National Bank (PNB) and Patanjali Ayurved Limited (PAL) have launched co-branded contactless credit cards in partnership with the National Payments Corporation of India (NPCI).

S2.Ans (d)
Sol. Reserve Bank of India has imposed several restrictions on Indian Mercantile Cooperative Bank Ltd, Lucknow, including a cap of Rs 1 lakh on withdrawals.

S3.Ans(c)
Sol. Export-Import Bank of India (Exim Bank) on behalf of the government of India, extended a line of credit of $500 million to the government of the socialist republic of Sri Lanka for financing the purchase of petroleum products.

S4.Ans (b)
Sol. The Government of India has done a conversion switch transaction of its securities with the Reserve Bank of India (RBI) for an amount of 1,19,701 crores (face value).

S5.Ans(a)
Sol. The Reserve Bank of India will observe February 14-18, 2022 as Financial Literacy week 2022.

S6.Ans(d)
Sol. RBI reopens Voluntary Retention Route with investment limit of Rs 2,50,000 cr.

S7.Ans(b)
Sol. RBL bank tie-up with Creditas Solutions for ‘Neo Collections’ platform.

S8.Ans(a)
Sol. Central Bureau of Investigation (CBI) has booked ABG Shipyard for an alleged Rs 22,842-crore financial fraud.

S9.Ans(c)
Sol. Bank of Baroda will acquire Union Bank of India’s 21% stake in IndiaFirst Life Insurance Company.

S10.Ans(b)
Sol. The State Bank of India (SBI) has announced a partnership with NSE Academy to launch five online courses that promote financial literacy as a necessary life skill.