BankingAwarenesJune2022 - Set 1 - 1656491808

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Banking Awareness June - Set 1 by Dr. Gaurav Garg
● Risk Management Review Committee (RMRC) - Prof. J. R. Varma Professor, IIM

Ahmedabad - Chairman
● Members of Advisory Committee on Mutual Funds - Ms. Usha Thorat Ex-Deputy Governor, Reserve Bank
of India - Chairperson
1 © Copyright 2022 Study IQ

● Building Advisory Committee (BAC) - Shri. B K Katyal Former Chief General Manager, Reserve Bank Of
India - Chairman
○ To assist and advise SEBI in all the premises related matters (such as planning, acquisition, furnishing
etc.).
● Hybrid Securities Advisory Committee (HySAC)- Mr. K V Kamath Chairperson, National Bank for
Financing Infrastructure and Development - Chairperson

● Research Advisory Committee (RAC) - Dr. V. Ravi Anshuman Professor, IIM Bangalore - Chairperson
Q) Indian GDP grew by what percent in 2021-22 against 6.6% in the previous
fiscal?
A. 7.0 per cent B. 8.7 per cent
C. 9.2 per cent D. 9.7 per cent
Answer: B. 8.7 per cent
Q) What is the name of Reserve Bank of India’s wholly-owned subsidiary

Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) set up at
Mysuru, Karnataka?
A. Mannikarnika B. Varnika
C. Zaayka D. Mudrika
Answer: B. Varnika
● Security Printing and Minting Corporation of India Limited has a total of 9 units It consists of
1 ) 4 Presses – ( 2 Currency Printing Press & 2 Security Printing Press )
2 ) 4 Mints
3 ) 1 Papermill
● 4 Presses are as below

1 ) Currency Note Press – Nashik, Maharashtra
2 ) Bank Note Press – Dewas, Madhya Pradesh
● More than 40% of Currency Notes circulated in India are printed by these 2 units
3 ) India Security Press – Nashik, Maharashtra
4 ) Security printing press – Hyderabad, Telangana

● 4 Mints are as below
1 ) Mumbai
2 ) Hyderabad
3 ) Kolkata
4 ) Noida
● All the Mints together is called as IGM i.e. Indian Government Mints
● 1 Papermill – Hoshangabad, Madhya Pradesh ( Est. 1968 )

○ Papermill produces paper for banknotes & Stamps
● BRBNMPL Bhartiya Reserve Bank Note Mudran Private Limited

○ Subsidiary of RBI
○ Est. – 5 Feb 1995
○ HQ- Bangalore, Karnataka
○ Was established to meet the increasing demand for banknotes Consist of 2 Printing Presses
1 ) Mysore, Karnataka
2 ) Salboni, West Bengal
Q) Which scheme of the Central Government has crossed the Rs. 100 Crore sales in the month of May, 2022?
A. PM Jan Dhan Yojna B. PM Jan Aushadhi Yojna
C. PM Suraksha Yojna D. Atal Pension Yojna
Answer: B. PM Jan Aushadhi Yojna
Q) Which of the segments was included recently in the ambit of Government e-marketplace?
A. Start-ups B. Cooperatives
C. Small Companies D. Liquidated Companies
Answer: B. Cooperatives
Q) Which ministry has approved the extension of the PM Employment Generation Programme for five years till FY26?
A. Ministry of Finance B. Ministry of Commerce and Industry
C. Ministry of Skill Development and Entrepreneurship D. Ministry of Micro Small and Medium Enterprises
Answer: D. Ministry of Micro Small and Medium Enterprises
Q) What was the increment in GST collection in May 2022 in comparison to May 2021?
A. 30% B. 65%
C. 44% D. 41 %
Answer: C. 44%

Q) In the financial year 2021-22, which country was the top export destination for the textile products of the country?
A. USA B. Bangladesh
C. UAE D. UK
Answer: A. USA
Q) Who is the author of newly launched book ‘‘The India Story’’?

A. Sudha Murty B. Ruskin Bond
C. Arundhati Roy D. Bimal Jalan
Answer: D. Bimal Jalan
Q) Recently, the Centre approved the decrease in EPF interest rate to how much percent for 2021-22, the lowest in four
decades?
A. 7.9% B. 8.0%
C. 8.1% D. 8.3%
Answer: C. 8.1%
Q) “HARBINGER 2021 – Innovation for Transformation” is launched by which of the following?

A. RBI B. NITI Aayog
C. Atal Innovation Mission D. Global Innovation and Technology Alliance
Answer: A. RBI
Q) India's eight core sector industries showed a robust growth of 8.4% in April compared to 4.9% in March 2022. Which
of the following core industries have the highest weightage?
A. Electricity B. Steel
C. Cement D. Refinery products
Answer: D. Refinery products
● The eight core sector industries in decreasing order of their weightage are: Refinery Products> Electricity>
Steel> Coal> Crude Oil> Natural Gas> Cement> Fertilizers.
Q) India recently achieved the target of blending how much percent of ethanol in petrol?
A. 5% B. 10%
C. 15% D. 20%
Answer: B. 10%

Q) Union Minister for Finance & Corporate Affairs participated in the second BRICS Finance Ministers and Central
Bank Governors (FMCBG) meeting under the chairmanship of which country?
A. Brazil B. Russia
C. China D. South Africa
Answer: C. China
Q) World Bank has cut India's economic growth forecast to how much percent for FY23 from
8 percent earlier?
A. 7.2% B. 7.5%
C. 7.8% D. 8.2%
Answer: B. 7.5%
Q) OECD slashes India’s GDP growth forecast from 8.1% to what percent
for FY23?
A. 6.2% B. 6.7%
C. 6.9% D. 7.2%
Answer: C. 6.9%
Q) Recently, The Reserve Bank of India has proposed to allow the linking
of credit cards with which of the following?
A. Unified Payments Interface B. E-Wallets
C. Cryptocurrencies D. BHIM App
Answer: A. Unified Payments Interface
Q) International Monetary Fund has announced the appointment of which Indian national as director of the Asia and
Pacific Department (APD)?
A. Abhijit Banerjee B. Krishna Srinivasan
C. Bimal Jalan D. Raghuram Rajan
Answer: B. Krishna Srinivasan
Q) What is India's rank in FDI flow according to the World Investment

Report by UNCTAD?
A. 5th B. 7th
C. 8th D. 10th
Answer: B. 7th
Q) Finance Minister Nirmala Sitharaman has launched EASE (Enhanced

Access and Service Excellence) 5.0 ‘Common reforms agenda’ for which
of the following?
A. Private Sector Banks B. Small Payment Banks
C. Public Sector Banks D. Non-Banking Finance Companies
Answer: C. Public Sector Banks




Q) Recently, the RBI’s six-member monetary policy committee voted unanimously to raise the repo rate to how much
percent?
A. 4.5% B. 4.9%
C. 5.2% D. 5.5%
Answer: B. 4.9%
Q) The twelfth WTO Ministerial Conference will be held in which city?

A. Geneva B. Paris
C. London D. Germany
Answer: A. Geneva
Q) Finance Minister Nirmala Sitharaman dedicated to the nation Dharohar – National

Museum of Customs and GST in which state?
A. Maharashtra B. Gujarat
C. Rajasthan D. Goa
Answer: D. Goa
Q) Which of the following releases Index of Industrial Production which shows that Industrial output rose to an
eight-month high of 7.1% in April 2022?
A. Central Statistical Organisation (CSO) B. National Statistical Office
C. The Ministry of Commerce and Industry D. Ministry of Statistics and Programme Implementation
Answer: B. National Statistical Office

Q) Who will chair the 25-member mutual fund advisory committee of SEBI?
A. Usha Thorat B. Meghna Bhargav
C. Monika Gaur D. Shivangi Bhatnagar
Answer: A. Usha Thorat
Q) What is the name of the proposed portal that aims to put schemes of several ministries and departments together on a
single platform so that beneficiaries can access them easily?
A. Jan Soochna B. Jan Samarth
C. Jan Kalyan D. Jan Seva
Answer: B. Jan Samarth
Q) Which of the following has launched Industry first ‘Smart Value Income Plan’, which is a life insurance savings plan?
A. LIC B. Max Life
C. Nippon India D. TATA AIA Life Insurance
Answer: D. TATA AIA Life Insurance
Q) Which of the following banks has the greatest net profit of all PSBs in the fiscal year 2021-2022?
A. Bank of Maharashtra B. Punjab National Bank
C. State Bank of India D. Canara Bank
Answer: C. State Bank of India
Q) Which of the following has launched “Bima Ratna” – a non-linked, non-participating, individual, savings life
insurance plan?
A. Max Life Insurance B. LIC
C. Oriental Insurance D. New India Insurance
Answer: B. LIC
Centre has increased the premium rates for its flagship insurance schemes
● The Centre has increased the premium rates for its flagship insurance schemes, Pradhan Mantri Jeevan Jyoti
Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY), for the first time in seven years
due to “long-standing adverse claims experience”, and to make them economically viable.
● The premium for PMJJBY would increase from Rs 330 to Rs 436 a year effective June 1, and the PMSBY
premium would rise from Rs 12 to Rs 20
● PMJJBY provides life insurance cover worth Rs 2 lakh to all account holders aged 18-50 years.
● PMSBY provides accident cover of Rs 2 lakh to account holders aged 18-70 years.
● The Centre has also set a target to increase insurance coverage from 64 million to 150 million under PMJJBY and
from 220 million to 370 million under PMSBY for the next five years to cover the eligible population through
these two flagship schemes for social security.
Q) Which of the following has become the second country in the world to adopt bitcoin as official currency?
A. Panama B. Sri Lanka
C. Maldives D. Central African Republic
Answer: D. Central African Republic
Q) Who has been appointed as the Managing Director and CEO of National Assets Reconstruction Company Ltd
(NARCL)?
A. Natarajan Sundar B. Rajnish Kumar
C. Jay Sidhu D. Aman Mehta

Answer: A. Natarajan Sundar
Q) Recently, Which state government signed a Memorandum of Understanding (MoU) with the India Post Payments
Bank (IPPB) for obtaining life certificate from pensioners through doorstep services of the Postal Department?
A. Karnataka B. Tamil Nadu
C. Kerala D. Telangana
Answer: B. Tamil Nadu
SBI General Insurance has launched a new health insurance vertical

● SBI General Insurance has launched a new health insurance vertical, through which the company plans to focus
on new innovative health products, in-house claim settlement process, among others, to boost customer
experience.
● SBI General Insurance has also partnered with Apollo 24/7 to offer its customers access to various services
offered by Apollo 24/7
● These include tele/video medical consultations from over 9000+ verified Apollo doctors anywhere, at any time.
Q) Who has been appointed as the Managing Director of Union Bank of India?
A. A Manimekhalai B. Swarup Kumar Saha
C. Rajkiran Rai G D. S Krishnan
Answer: A. A Manimekhalai
● The Appointments Committee of the Cabinet has approved the proposal of the Department of Financial
Services to appoint:
1. A Manimekhalai as MD and Chief Executive Officer (CEO) of Union Bank of India
2. Swarup Kumar Saha as MD and CEO of Punjab & Sind Bank
3. Ajay Kumar Srivastava as MD and CEO of Indian Overseas Bank
Q) Airtel Payments Bank has partnered with which of the following to offer gold loans through Airtel Thanks app?
A. IIFL Gold Loan B. Muthoot Finance Gold Loan
C. HDFC Bank Gold Loan D. ICICI Bank Gold Loan
Answer: B. Muthoot Finance Gold Loan
Q) Which of the following has introduced #LiveBoundless – a credit line card

especially for women?
A. State Bank of India B. ICICI Bank
C. Stashfin D. Open
Answer: C. Stashfin
Q) HDFC has collaborated with which of the following to digitally transform its lending business?
A. TCS B. Infosys
C. IBM D. Accenture
Answer: D. Accenture
Q) Which of the following has launched an industry-first credit line service on WhatsApp?
A. Open B. HDFC Bank
C. ICICI Bank D. CASHe

Answer: D. CASHe
Q) Competition Commission of India has approved acquisition of how much percent stake in IIFL by BC Asia
investments?
A. 22.98% B. 23.98%
C. 24.98% D. 25.98%
Answer: C. 24.98%
Adani Transmission’s $700 million loan gets ‘green loan’ tag

● Adani Transmission Limited’s, $700 million revolving facility has been tagged as a ‘green loan’ by
Sustainalytics.
● A revolving loan facility is a flexible financing tool that provides the borrower with the ability to draw down or
withdraw, repay, and withdraw again.
● The projects associated with the USD 700 million revolving facility are being implemented in Gujarat and
Maharashtra.
● MUFG Bank has acted as Green Loan Coordinator to the issuer for arranging the SPO on Green Loan
Framework prepared by Adani Transmission.
Q) Which of the following has launched SMBSaathi Utsav to support small businesses through digital mediums?
A. Facebook B. Amazon
C. Whatsapp D. Flipkart
Answer: C. Whatsapp
RBI Imposed penalties on two Banks

● The Reserve Bank of India has imposed a penalty of Rs 49 lakh on Bassein Catholic Co-operative Bank,
Vasai for non-compliance with prudential norms regarding directions issued by it on 'Income Recognition,
Asset Classification, Provisioning and Other Related Matters' (IRAC norms).
● The RBI also imposed a penalty of Rs 50,000 on Jila Sahakari Kendriya Bank Maryadit, Morena (Madhya
Pradesh), for contravention of its directions related to Know Your Customer (KYC).
Q) Recently, who has been appointed as the new Managing Director (MD) of State Bank of India (SBI)?
A. Jay Sidhu B. Rana Talwar
C. Aman Mehta D. Alok Kumar Choudhary
Answer: D. Alok Kumar Choudhary
Q) Recently, Tech Mahindra has acquired how much stake in Huoban Energy for Rs 1.60 crore?
A. 24% B. 25%
C. 26% D. 27%
Answer: C. 26%
The government has appointed industrialists Anand Mahindra, Pankaj R Patel and Venu Srinivasan, and former
IIM (Ahmedabad) professor Ravindra H Dholakia as non-official directors on the central board of the Reserve
Bank.
● The nominations have been made for four years by the Appointments Committee of the Cabinet (ACC).
● Anand Mahindra is the chairman of the Mahindra Group, the non-executive chairman of Mahindra & Mahindra
and Tech Mahindra
● Venu Srinivasan is the Chairman Emeritus of TVS Motor Company
● Pankaj R Patel is the chairman of Zydus Lifesciences
● Ravindra H Dholakia was the economics area faculty at IIM Ahmedabad

● RBI’s affairs are governed by the central board of directors. The members of the board, chaired by RBI
Governor, are appointed by the government of India as per the Reserve Bank of India Act.
● The official directors (full-time) of board consists of the Governor and not more than four deputy governors.
● The government nominates 10 non-official from various files and two government officials.
● Besides, there are also four non-official directors (one each from four local board of RBI).
Q) Recently, RBI imposed monetary penalty of how much amount on Punjab & Sind Bank for non-compliance with RBI
directions on 'External Benchmark Based Lending?
A. Rs. 27.50 Lakh B. Rs. 28.50 Lakh
C. Rs. 29.50 Lakh D. Rs. 30.50 Lakh
Answer: A. Rs. 27.50 Lakh
Q) Which of the following has launched India’s 1st banking metaverse?

A. Open B. CASHe
C. Kiya.ai D. Jupiter
Answer: C. Kiya.ai
Q) Which of the following has introduced UpSchool, a digital learning program for students from class 1-10 in
partnership with Khan Academy?
A. Reliance Foundation B. Tata Trusts
C. SBI Foundation D. Adani
Answer: C. SBI Foundation
RBI increased individual housing loan limit for co-operative banks

● Reserve Bank of India (RBI) has raised the limits for individual housing loans being extended by Urban
Cooperative Banks (UCBs) and Rural Cooperative Banks (RCBs) by over 100%.
● RBI has also permitted the Rural Cooperative Banks (RCB) for financing residential real estate projects, in
a bid to support affordable housing and inclusive growth.
● The limits for Tier I /Tier II UCBs have been revised from ₹30 lakh/ ₹70 lakh to ₹60 lakh/ ₹140 lakh,
● The limits have been increased from ₹20 lakh to ₹50 lakh for RCBs with assessed net worth less than ₹100
crore, and from ₹30 lakh to ₹75 lakh for other RCBs.
Q) Recently, ICICI Bank has partnered with which of the following to expand its ‘Cardless EMI’ facility?
A. PayU B. ZestMoney
C. Instamojo D. RazorPay
Answer: B. ZestMoney
RBI cancelled licence of Mudhol Co-op Bank, Bagalkot, Karnataka

● The Reserve Bank of India has cancelled the license of “The Mudhol Co-operative Bank Limited, Bagalkot
(Karnataka)”, thus restricting it from repayment of deposits and acceptance of fresh funds.
● The bank does not have adequate capital and earning prospects
● RBI also said that bank with its present financial position would be unable to pay its present depositors in full.
● RBI said more than 99 per cent of the depositors are entitled to receive full amount of their deposits from the
Deposit Insurance and Credit Guarantee Corporation (DICGC).
● On liquidation, every depositor would be entitled to receive deposit insurance claim amount up to Rs 5 lakh
from the DICGC.

Q) Fino Payments Bank Limited has partnered with which of the following to provide small and medium business owners
with shop insurance coverage?
A. Acko General Insurance B. Bajaj Allianz General Insurance
C. Bharti AXA General Insurance D. Go Digit General Insurance
Answer: D. Go Digit General Insurance
Q) Recently, Ather Energy has partnered with which of the following for vehicle financing?
A. Punjab National Bank B. State Bank of India
C. Punjab and Sind Bank D. Axis Bank
Answer: B. State Bank of India
Q) Who has been appointed as the MD & CEO of RBL Bank?

A. R Subramaniakumar B. Yogesh K Dayal
C. Aman Mehta D. Vikram Pandit
Answer: A. R Subramaniakumar
India extends credit line to Sri Lanka for fertiliser imports

● The Indian government has decided to extend a Line of Credit (LOC) of USD 55 million to Sri Lanka for the
procurement of Urea Fertilizer.
● This credit line will help Sri Lankan government secure urea fertilizer for the ongoing paddy sowing 'Yala'
season
● The support from India ranges from economic assistance of close to USD 3.5 billion to helping secure Sri
Lanka's food, health, and energy security by supplying essential items like food, medicines, fuel, kerosene etc.
Indian Bank launched digital renewal scheme for KCC holders

● Indian Bank launched its KCC Digital Renewal scheme, enabling eligible customers to renew their Kisan
Credit Card accounts via digital modes.
● The initiative is part of the bank’s digital transformation under project ‘WAVE’ – World of Advanced Virtual
Experience. The account renewals can be done using Indian Bank’s IndOASIS mobile app and internet
banking.
● Out of the total agriculture portfolio of ₹88,100 crores, KCC constitutes ₹22,300 crores with 15.84 lakh
customers.
Q) Recently, Bharat FIH got approval from SEBI for raising how much amount through Initial Public Offering?
A. Rs. 5000 crore B. Rs. 6000 crore
C. Rs. 3000 crore D. Rs. 10000 crore
Answer: A. Rs. 5000 crore
Q) Recently, which fintech startup has launched UPI services which are targeted at rural India?
A. Hyperface B. Getvantage
C. CredAvenue D. Xpay.Life
Answer: D. Xpay.Life
Q) Which of the following became first RBI-licensed PPI (prepaid payment instrument) to launch cash withdrawal in all
ATM across India?
A. BharatPe B. Paytm
C. Open D. OmniCard
Answer: D. OmniCard




To Buy Gaurav Sir's Current Affairs, Static GK & Banking Awareness (Static) Courses, click on the
below links (गौरव सर के करट अफेयस, े िटक जीके और बिकंग अवेयरनेस ( े िटक) कोसज खरीदने के िलए, नीचे
िदए गए िलंक पर क कर) -
1. Gaurav Sir's Current Affairs
2. Gaurav Sir's Static GK
3. Gaurav Sir’s Banking Awareness (Static)


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To Buy Gaurav Sir's Current Affairs, Static GK & Banking Awareness (Static) Courses, click on the

For any Assistance Please Feel Free to Contact at - 95544 43351

To know more, download Study IQ APP

For any Assistance Please Feel Free to Contact at - 95544 43351

To know more, download Study IQ APP

For any Assistance Please Feel Free to Contact at - 95544 43351

To know more, download Study IQ APP

For any Assistance Please Feel Free to Contact at - 95544 43351

To know more, download Study IQ APP

● Risk Management Review Committee (RMRC) - Prof. J. R. Varma Professor, IIM

1 © Copyright 2022 Study IQ

2 © Copyright 2022 Study IQ

Answer: B. 8.7 per cent

Q) What is the name of Reserve Bank of India’s wholly-owned subsidiary

● 4 Presses are as below

3 © Copyright 2022 Study IQ

● 1 Papermill – Hoshangabad, Madhya Pradesh ( Est. 1968 )

● BRBNMPL Bhartiya Reserve Bank Note Mudran Private Limited

Answer: B. PM Jan Aushadhi Yojna

Answer: D. Ministry of Micro Small and Medium Enterprises

4 © Copyright 2022 Study IQ

Q) Who is the author of newly launched book ‘‘The India Story’’?

Answer: D. Bimal Jalan

Q) “HARBINGER 2021 – Innovation for Transformation” is launched by which of the following?

Answer: D. Refinery products

5 © Copyright 2022 Study IQ

Answer: A. Unified Payments Interface

Answer: B. Krishna Srinivasan

Q) What is India's rank in FDI flow according to the World Investment

Q) Finance Minister Nirmala Sitharaman has launched EASE (Enhanced

Answer: C. Public Sector Banks

6 © Copyright 2022 Study IQ

For any Assistance Please Feel Free to Contact at - 95544 43351

To know more, download Study IQ APP

For any Assistance Please Feel Free to Contact at - 95544 43351

To know more, download Study IQ APP

For any Assistance Please Feel Free to Contact at - 95544 43351

To know more, download Study IQ APP

Q) The twelfth WTO Ministerial Conference will be held in which city?

Q) Finance Minister Nirmala Sitharaman dedicated to the nation Dharohar – National

Answer: B. National Statistical Office

7 © Copyright 2022 Study IQ

Answer: A. Usha Thorat

Answer: B. Jan Samarth

Answer: D. TATA AIA Life Insurance

Answer: C. State Bank of India

Answer: D. Central African Republic

8 © Copyright 2022 Study IQ

Answer: B. Tamil Nadu

SBI General Insurance has launched a new health insurance vertical

Answer: B. Muthoot Finance Gold Loan

Q) Which of the following has introduced #LiveBoundless – a credit line card

9 © Copyright 2022 Study IQ

Adani Transmission’s $700 million loan gets ‘green loan’ tag

RBI Imposed penalties on two Banks

Answer: D. Alok Kumar Choudhary

10 © Copyright 2022 Study IQ

Answer: A. Rs. 27.50 Lakh

Q) Which of the following has launched India’s 1st banking metaverse?

Answer: C. SBI Foundation

RBI increased individual housing loan limit for co-operative banks

RBI cancelled licence of Mudhol Co-op Bank, Bagalkot, Karnataka

11 © Copyright 2022 Study IQ