Here is the Current affairs quiz November 17th & 18th 2020 for RBI/NABARD/SEBI in the quiz series. This quiz series is also useful for IBPS/SBI PO, Railway recruitment, LIC AAO and clerical exams. The questions covers current affairs, static financial knowledge and other important topics which can be asked in competitive exams. Answers are given at the end of the quiz.
Q1. Who is set to launch a neo banking platform in India?
- SBM Bank India
- Citi Bank
- Standard Chartered Bank
- DBS Bank
Answer: (1)
SBM Bank India, which is the wholly-owned subsidiary of State Bank of Mauritius, is focussing on technology to reach out to customers and is set to launch a neo banking platform. It has tied up with fintech PayNearby.
Q2. RBI has recently imposed the Rs 1 crore penalty on which bank?
- State Bank of India
- ICICI Bank
- Punjab National Bank
- Axis Bank
Answer: (3)
The Reserve Bank of India has imposed a penalty of Rs 1 crore on Punjab National Bank for violating the Payment and Settlement Systems Act, 2007
Q3. Nitish Kumar has sworn-in as Chief Minister of Bihar for the ____ term
- 6th
- 7th
- 8th
- 9th
Answer: (2)
Nitish Kumar was sworn-in as Chief Minister of Bihar for the seventh term. BJP leaders Tarkishore Prasad and Renu Devi took oath as the Deputy Chief Ministers of Bihar.
Q4. Who has been honoured with Prof A N Bhaduri Memorial Lecture Award-2020?
- Yashika Awasthi
- Nilupher
- Ujla Daswani
- Susanta Kar
Answer: (4)
To recognize the significant contributions towards defining the survival tactics of Leishmania donovani, Society of Biological Chemists (India) has chosen Dr Susanta Kar, Senior Scientist, Molecular Parasitology and Immunology, CSIR-CDRI, Lucknow for this year’s Prof. A N Bhaduri Memorial Lecture Award
Q5. Which among the following banks has been put in the ‘red flag’ list, a system used for monitoring foreign portfolio investor (FPI) limits?
- Axis Bank
- HDFC Bank
- ICICI Bank
- Yes Bank
Answer: (2)
Private sector lenders HDFC Bank and IndusInd Bank have been put in the so-called ‘red flag’ list, a system used for monitoring foreign portfolio investor (FPI) limits. A listed company enters the list when the available legroom for overseas investment is less than 3 per cent of the permissible limit. FPIs can invest up to 74 per cent in both HDFC Bank and IndusInd Bank. The current FPI shareholding in case of HDFC Bank is 71.3 per cent, while that of IndusInd Bank is 73. 1 per cent, data provided by depository firm NSDL shows.
Q6. Who has been appointed as the first Chairperson of the Reserve Bank Innovation Hub (RBIH)?
- H. Hasham Premji
- Arjun Malhotra
- D. Shibulal
- Senapathy (Kris) Gopalakrishnan
Answer: (4)
The Reserve Bank of India has created a Reserve Bank Innovation Hub (RBIH). The aim of Innovation Hub is to promote innovation across the financial sector by leveraging on technology and creating an environment which would facilitate and foster innovation. Senapathy (Kris) Gopalakrishnan, co-founder and former co-Chairman, Infosys, has been appointed as the first Chairperson of the RBIH. Reserve Bank Innovation Hub (RBIH) would be managed by a Governing Council (GC) consisting of 10 members (including a chairperson)
Q7. Which among the following banks has been put under moratorium by RBI recently?
- Federal Bank
- DCB Bank
- Lakshmi Vilas Bank
- Karnataka Bank
Answer: (3)
The Reserve Bank of India (RBI) has proposed to merge private sector lender Lakshmi Vilas Bank (LVB) with the India subsidiary of Singapore’s DBS Bank, even as LVB was put under moratorium for at least a month by the government
Q8. Goldman Sachs has revised upwards the growth forecast for India in FY21 to ____
- -10.3%
- -11.2%
- -12.1%
- -13.4%
Answer: (1)
The Investment bank, Goldman Sachs has revised upwards the growth forecast for India in FY21 to –10.3% from its earlier projection of -14.8% in September 2020.
Q9. Who has roped in Indian Woman cricketer Smriti Mandhana as the brand ambassador for its newly launched product ‘EVA’?
- Federal Bank
- DCB Bank
- Equitas Small Finance Bank
- Karnataka Bank
Answer: (3)
Equitas Small Finance Bank has launched a new product aimed at women. ‘Eva’, a unique savings account, tries to address the well-being of Indian women in every aspect such as health, wealth and prosperity. Equitas Small Finance Bank also announced Smriti Mandhana – an Indian Woman cricketer as the new brand ambassador
Q10. Who became only the second player in tennis history after Pete Sampras to lift the ATP Tour No. 1 trophy for the sixth time?
- Djokovic
- Nadal
- Dominic Thiem
- Roger Federer
Answer: (1)
Australian Open 2020 winner Novak Djokovic was given the ATP Tour No. 1 trophy for finishing as the top ranked player for the sixth time in his career. With it, he became only the second player in tennis history to do so, after Pete Sampras.
You may also like to read: Current Affairs Quiz November 14th to 16th 2020
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