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- Question
Who released a report that RBI has Rs.3 lakh crore (43$ million) in excess reserves?
Options- A. UBS
- B. World Bank
- C. BofAML
- D. Bank of America
- Correct Answer
- BofAML
ExplanationBank of America Merrill Lynch (BofAML), the excess reserves that RBI holds could be up to Rs.3 lakh crore ($43 billion) or 1.5% of the GDP (Gross Domestic Product). This also includes the excess capital in contingency reserves and revaluation reserves. The Bimal Jalan committee on the appropriate capital reserves for RBI was likely to identify this excess buffer. The committee was set up in December-end with a 6-member panel headed by former RBI governor Jalan. Indranil Sen Gupta, chief India economist at BofAML notified that RBI maintains higher contingency reserves as a percentage of its total book compared to its peers in Brazil, Russia and South Africa, thus a lower cap will bring in more funds. The BofAML report stated that capping overall reserves at 20% from 25.5% will release Rs. 1.96 lakh crore and there is no specific hindrance which would deter RBI from transferring the money to government. - 1. Which of the following becomes first major airline to operate plastic-free flight?
Options- A. Emirates
- B. Jet Airways
- C. Etihad Airways
- D. Singapore Airlines Discuss
- 2. Name the bank which has appointed Balachandra Y V as Chief Operation Officer (COO) and Gokuldas Pai as Chief Business Officer (CBO).
Options- A. RBL Bank
- B. Kotak Mahindra Bank
- C. Karnataka Bank
- D. Syndicate Bank Discuss
- 3. Which bank has sanctioned a loan Rs 689 crore to over 1,600 Micro, Small and Medium Enterprises (MSMEs)?
Options- A. Union Bank of India
- B. Axis Bank
- C. Punjab National Bank
- D. Bank of Baroda Discuss
- 4. Canara HSBC Oriental Bank of Commerce Life Insurance Company and this bank -launched 'Webassurance', recently.
Options- A. HDFC Bank
- B. Canara Bank
- C. Punjab National Bank
- D. Axis Bank Discuss
- 5. The World Bank and the International Monetary Fund (IMF) have launched a private blockchain and quasi-crypto currency called __________.
Options- A. Quasi Coin
- B. Learning Coin
- C. Block Coin
- D. Smart Coin Discuss
- 6. Government infused a capital of Rs. 205 crore with which bank recently?
Options- A. Indian Overseas Bank
- B. Punjab National Bank
- C. Bank of Baroda
- D. Bank of Maharashtra Discuss
- 7. RBI has recently issued a new note under Mahatma Gandhi (New) Series with Shaktikanta Das's signature. The denomination of the note is;
Options- A. Rs.2000
- B. Rs.200
- C. Rs.100
- D. Rs.50 Discuss
- 8. Asian Development Bank will invest __________ million in solar energy project developer Avaada Energy Pvt Ltd.
Options- A. 45
- B. 50
- C. 38
- D. 30 Discuss
- 9. PAISALO Digital Limited signed the first co-origination loan agreement with which among the following bank?
Options- A. Axis Bank
- B. HDFC Bank
- C. State Bank of India
- D. Yes Bank Discuss
- 10. Which bank has acquired the shares in electric equipment maker CG Power?
Options- A. HDFC Bank
- B. SBI Bank
- C. Axis Bank
- D. Yes Bank Discuss
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Search Results
Correct Answer: Etihad Airways
Explanation:
Recently, Etihad Airways, UAE based flag carrier, has become the first major airline in the gulf region to operate a flight without any single-use plastics on board. The objective is to raise awareness about pollution on Earth Day. The flight named EY484, first flight without use of plastics landed in Brisbane, Australia on April 22, Earth Day. Etihad Airways has pledged to reduce single-use plastic usage by 80 percent across the entire organization by the end of 2022 and this EY484 flight is a part of this pledge.
Correct Answer: Karnataka Bank
Explanation:
Mangaluru based Karnataka Bank Limited appointed Balachandra Y V as Chief Operation Officer (COO) and Gokuldas Pai as Chief Business Officer (CBO). Earlier, both are General Managers of Karnataka Bank who were promoted as COO and CBO of the bank. The previous COO of Karnataka Bank was Raghavendra Bhat M.
Correct Answer: Punjab National Bank
Explanation:
State-owned Punjab National Bank (PNB) has sanctioned loans worth Rs 689 crore to over 1,600 Micro, Small and Medium Enterprises (MSMEs) through the psbloansin59minutes.com portal as part of its effort to promote such industries. Under the Mudra Yojana, the bank has offered loan to over 2.69 lakh small entrepreneurs this fiscal (till February 14, 2019).
Correct Answer: Canara Bank
Explanation:
Canara Bank and its life insurance partner Canara HSBC Oriental Bank of Commerce Life Insurance launched 'Webassurance' to enable its customers to purchase life insurance in a convenient and hassle-free way. Total Four life insurance products of Canara HSBC OBC Life would be made available to its customers with various facilities like key needs of child future, savings, and investments, retirement planning and protection. This Life Insurance is jointly owned by Canara Bank (51 percent) and Oriental Bank of Commerce (23 percent) and HSBC Insurance Holdings (26 percent), the Asian insurance arm of HSBC.
Correct Answer: Learning Coin
Explanation:
Two international financial institutions the World Bank and the International Monetary Fund (IMF) have launched a private blockchain and quasi-crypto currency called as "Learning Coin" for better understanding of blockchain technology and the function of crypto assets. The asset will only be available for use within the IMF and the World Bank. It has no monetary value, means it is not a true cryptocurrency. After the testing period, the IMF and the World Bank may use blockchain technology to create smart contracts, fight money laundering, and improve transparency.
Correct Answer: Bank of Maharashtra
Explanation:
Government infused a capital of Rs. 205 crore into the state owned Bank of Maharashtra in lieu of preferential allotment of shares. After the Capital infusion, the shareholding of government in Bank of Maharashtra has increased to 87.74 % from 87.01%.
Correct Answer: Rs.50
Explanation:
The Reserve Bank of India (RBI) issued Rs. 50 denomination banknotes in Mahatma Gandhi (New) Series that bore Shri Shaktikanta Das' (Governor of RBI) signature. i.The design of these notes is exactly similar to the 'Rs 50 banknotes' in Mahatma Gandhi (New) Series. ii.The RBI notified that all bank notes in the denomination of Rs. 50 issued by the Central Bank in the past will continue to be legal tender.The dimension of the Rs. 50 banknote is 66 mm x 135 mm.On the frontal side, the numeral '50' is written in the Devanagari script along with Mahatma Gandhi's portrait in the centre.A small design of the denominational numeral '50' is printed on the front and back sides of the note, in the middle of the vertical band next to the watermark. It has a correct back-to-back registration and, according to the RBI, the design appears as one when seen against the light.
Correct Answer: 50
Explanation:
Asian Development Bank (ADB) has inked an agreement to invest USD 50 million in solar energy project developer Avaada Energy Pvt Ltd to help the company scale up rapidly. The investment will come equally from ADB's Ordinary Capital Resources and Leading Asia's Private Infrastructure Fund (LEAP). LEAP is a funding arrangement provided by Japan International Cooperation Agency (JICA) which is administered by ADB.
Correct Answer: State Bank of India
Explanation:
PAISALO Digital Limited signed the first co-origination loan agreement with State Bank of India (SBI). This is the first agreement of its kind in the country that State Bank of India has signed. The agreement was signed with a vision of empowering the AGRI, MSME segment and small businesses. The loan ticket is designed at Rs.10,000 to 2 lakh. The company expects to disburse 200,000 loan applications in FY20. PAISALO Digital Limited is a leading systemically important non-deposit taking NBFC. It is registered with the Reserve Bank of India, in operations since 1992.
Correct Answer: Yes Bank
Explanation:
Yes Bank has acquired eight crore shares in electric equipment maker CG Power and Industrial Solutions which were pledged to it by a borrower. The acquired shares represent 12.79% ownership in the company and will be valued at ?292.56 crore. CG Power had a turnover of ?6,287 crore in fiscal year 2017-18.
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