GA Revision for Banking and Other Exams – 1021

1. The Reserve Bank asked banks and financial institutions to use any widely accepted alternative reference rate (AAR) instead of LIBOR (London Interbank Offered Rates) as the reference rate for entering into new financial contracts by which date?
   A) 31st August, 2021
   B) 31st October, 2021
   C) 30th November, 2021
   D) 31st December, 2021
   
   
   

   
   Option D
   Explanation: The Reserve Bank asked banks and financial institutions to use any widely accepted alternative reference rate (AAR) instead of LIBOR (London Interbank Offered Rates) as the reference rate for entering into new financial contracts by Dec 31.

   
   
2. Which Indian has been awarded the Humboldt Research Award for Economics by Bucerius Law School in Hamburg, Germany?
   A) Amartya Sen
   B) Kaushik Basu
   C) Ravi Kanbur
   D) Tapan Mitra
   
   
   

   
   Option B
   Explanation: Indian economist Kaushik Basu has been awarded the Humboldt Research Award for Economics. The award was conferred on him by Professor Dr Hans-Bernd Schäfer of Bucerius Law School in Hamburg, Germany.

   
   
3. For a Small Finance bank at least 50 per cent of its loan portfolio should constitute loans and advances of upto _____?
   A) Rs 5 lakh
   B) Rs 10 lakh
   C) Rs 25 lakh
   D) Rs 50 lakh
   
   
   

   
   Option C
   

   
   
4. Yes Bank has entered into a co-lending agreement for home loans with which of the following?
   A) Indiabulls Housing Finance
   B) PNB Housing Finance
   C) Dewan Housing Finance Corporation
   D) LIC Housing Finance
   
   
   

   
   Option A
   Explanation: Yes Bank and Indiabulls Housing Finance have entered into a co-lending agreement for home loans.

   
   
5. Which mobile app has been launched by Institute of Chartered Accountants of India, ICAI for students of foundation, intermediate and final course students to provide next-generation interactive learning?
   A) ICAI-VOG
   B) ICAI-BOS
   C) ICAI-POL
   D) ICAI-DOF
   
   
   

   
   Option B
   Explanation: Institute of Chartered Accountants of India, ICAI launched a mobile app for students of foundation, intermediate and final course students. The mobile app named, “ICAI-BOS” will have to potential to provide next-generation interactive learning and innovative ways to improve quality services to the students and to establish a strong connection with them as well. The ICAI Board of Studies (Academics) launched the mobile app.

   
   
6. UIDAI is mandated to issue an easily verifiable number as Unique Identity – Aadhaar to all Residents of India. How many random number in Aadhaar?
   A) 10
   B) 11
   C) 12
   D) 14
   
   
   

   
   Option C
   Explanation: The Unique Identification Authority of India.

   
   
7. Who has become the first female flight test engineer in the Indian Air Force?
   A) Aastha Singh Negi
   B) Shivangi SIngh
   C) Aashritha V Olety
   D) Shivani Sharma
   
   
   

   
   Option C
   Explanation:

   
   
8. FamPay, a fintech start-up focused on online and offline card payments for teenagers, launched India’s first Visa prepaid card named what for teenagers?
   A) FamCard Tee
   B) FamCard Me
   C) FamCard Pre
   D) FamCard Visa
   
   
   

   
   Option B
   Explanation: FamPay, a fintech start-up focused on online and offline card payments for teenagers, has launched India’s first Visa prepaid card — FamCard Me — for teenagers with personalised doodles on it.

   
   
9. Which insurance company has entered into a corporate agency agreement with Bank of India to sell its products through bank’s vast network of branches?
   A) ICICI Lombard
   B) Bajaj Finserv Ltd.
   C) IFFCO Tokio General Insurance Company
   D) Bajaj Allianz General Insurance
   
   
   

   
   Option D
   Explanation: Bajaj Allianz General Insurance and Bank of India have entered into a corporate agency agreement.

   
   
10. Who has topped the list of The Times 50 Most Desirable Women 2020?
    A) Kiara Advani
    B) Rhea Chakraborty
    C) Priyanka Chopra
    D) Disha Patani
    
    
    

    
    Option B
    Explanation: Bollywood actor Rhea Chakraborty has topped the list of The Times 50 Most Desirable Women 2020.

    
    
11. Where did the 36th edition of CORPAT between India and Indonesia held?
    A) Pacific Ocean
    B) Bay of Bengal
    C) Indian Ocean
    D) South China Sea
    
    
    

    
    Option C
    Explanation: The 36th edition of CORPAT between India and Indonesia is held in the Indian Ocean region. The Indian Naval Ship (INS) Saryu, an indigenously built Offshore Patrol Vessel and Indonesian Naval Ship KRI Bung Tomo is undertaking coordinated patrol (CORPAT).

    
    
12. PVSLN Murty has joined at which post of North Eastern Development Finance Corporation Ltd. (NEDFi)?
    A) CMD
    B) CEO
    C) Chairman
    D) Director
    
    
    

    
    Option A
    Explanation: PVSLN Murty has joined as the new Chairman & Managing Director of North Eastern Development Finance Corporation Ltd. (NEDFi).

    
    
13. Which of the following is the settlement entity for TReDS?
    A) SEBI
    B) SIDBI
    C) RBI
    D) NPCI
    
    
    

    
    Option D
    Explanation: National Payments Corporation of India (NPCI) acts as settlement entity for TReDS.

    
    
14. Which state government signed an MoU with edu-tech platform Jio Embibe for adaptive learning based on Artificial Intelligence for student?
    A) Goa
    B) Uttar Pradesh
    C) Jharkhand
    D) Kerala
    
    
    

    
    Option A
    Explanation: The Goa government has signed an MoU with edu-tech platform Jio Embibe for adaptive learning based on Artificial Intelligence for students.

    
    
15. When is the World Radio Day observed?
    A) August 15
    B) March 18
    C) March 28
    D) February 13
    
    
    

    
    Option D