One Liner Banking & Financial Current Affairs

One Liner Banking & Financial Current Affairs

Q1. What is the financial outlay of the project for the digital transformation nationwide of 18,000 PACS?

Answer: Rs 2,500 crore.

Q2. Which organization is supporting the ‘World’s Largest Grain Storage Plan in Cooperative Sector’?

Answer: NABARD

Q3. Which organization recently received final approval from the Reserve Bank of India (RBI) to operate as a payment aggregator?

Answer: Amazon Pay.

Q4. Current weightage of India in the MSCI Global Standard (Emerging Markets) index as of February 29, 2024?

Answer: 18.2%

Q5. What directive has been issued by RBI regarding automation in data generation for filing returns?

Answer: Automation is mandatory for all entities.

Q6. What is the primary objective of the expert committee chaired by Finance Secretary T V Somanathan regarding uniform KYC norms?

Answer: To finalize and streamline uniform KYC norms across sectors.

Q7. How many PM MITRA Parks does the government plan to establish across the country?

Answer: Seven

Q8. Which core industry exhibited the highest weight in the Index of Eight Core Industries?

Answer: Petroleum Refinery Products.

Q9. What was India’s GDP growth rate during the October-December quarter of FY 24?

Answer: 8.4%

Q10. Which component of the revised BBPS (Bharat Bill Payment System) framework is responsible for managing end-to-end complaint resolution?

Answer: NBBL (NPCI Bharat Billpay Limited).

Q11. Which entities are eligible to operate as Bharat Bill Payment Operating Units (BBPOUs) within the BBPS framework?

Answer: Banks, Non-bank Payment Aggregators, and other authorized entities.

Q12. According to the revised RBI guidelines, an inoperative account is?

Answer: Accounts with no transactions for two years.

Q13. What is the ambitious target set by the government for GST collection in the current fiscal year?

Answer: Rs 9.57 lakh crore.

Q14. Who has been appointed as the part-time chairman of Tamilnad Mercantile Bank Ltd. (TMB) by the Reserve Bank of India (RBI)?

Answer: S. Ravindran.

Q15. What was the highest amount India’s forex reserves reached in October 2021?

Answer: $645 billion.

Q16. Recently FIU-IND impose monetary penalty on Paytm Payments Bank for PML Act violations. What is the amount of penalty?

Answer: ₹5.49 crore.

Q17. What is the main objective of the National Urban Cooperative Finance and Development Corporation Limited (NUCFDC)?

Answer: To modernize and strengthen Urban Cooperative Banks.

Q18. The total number of installments in the Pradhan Mantri Matru Vandana Yojana (PMMVY) are?

Answer: 3

Q19. What is the maximum amount Nepali citizens can send per transaction to Nepal under the new RBI guidelines?

Answer: Rs 2 lakh

Q20. What is Moody’s upgraded GDP forecast for India in 2024?

Answer: 6.8%

Read… What is GDP?

Q21. Under which section of the Banking Regulation Act, 1949, merger of banks is sanctioned?

Answer: Section 44A.

Q22. Which regulatory body approved the merger of Fincare Small Finance Bank with AU Small Finance Bank before RBI’s approval?

Answer: CCI (Competition commission of India).

Q23. Total value of UPI transactions in India in February 2024?

Answer: Rs 18.28 trillion.

Q24. What was the Purchasing Managers’ Index (PMI) for India’s services sector in February 2024?

Answer: 60.6.

Q25. Amount of the interim dividend received by Finance Minister from LIC was?

Answer: ₹2,441.44 crore.

Q26. The new international business center of LIC was inaugurated in?

Answer: GIFT City, Gujarat.

Q27. Who has been authorized by RBI to implement the interoperable net banking payment system?

Answer: NPCI Bharat BillPay Ltd.

See… NPCI and its Various Products

Q28. Total unclaimed deposits in the banks as of March 2023?

Answer: Rs 42,270 crore.

Q29. How many banks are currently part of the UDGAM portal?

Answer: 30.

Q30. Who has been appointed as the Managing Director and CEO of Future Generali India Life Insurance, effective April 1st, pending regulatory approval?

Answer: Alok Rungta

Q31. The budget allocation for the NAMASTE Scheme is?

Answer: 349.73 crores.

Q32. Which ministry is jointly involved in initiating the NAMASTE Scheme?

Answer: Ministry of Social Justice and Empowerment.

Q33. What percentage has been increased in Dearness Allowance (DA) and Dearness Relief (DR) sanctioned by the Union Cabinet for central government employees and pensioners?

Answer: 4%.

Q34. Infibeam Avenues achievement on March 4, 2024?

Answer: Received final authorization from RBI to operate as a payment aggregator.

Q35. With whom did the Reserve Bank of India (RBI) sign a Memorandum of Understanding (MoU) to promote the use of local currencies for cross-border transactions?

Answer: Bank of Indonesia.

Q36. Total financial outlay for the UNNATI – 2024 scheme for a period of 10 years is?

Answer: Rs. 10,037 crore.

Q37. According to UBS, What is the projected real GDP growth rate for India in fiscal year 2025?

Answer: 7.2%

Q38. What was the unemployment rate in rural areas of India in 2023?

Answer: 2.4%

Q39. What per capita income level is considered as the threshold for upper-middle-income countries by the World Bank?

Answer: $4,000 – $12,000

Q40. _________ and __________ collaborated for cross-border UPI transactions between India and Nepal.

Answer: NIPL, Fonepay

Q41. European Free Trade Association (EFTA) was established in?

Answer: 1960

Q42. Which type of license does CRED hold from NPCI?

Answer: Third Party Application Provider (TPAP)

Q43. Typical commission charged by fintechs for facilitating credit card payments for rent?

Answer: 1.5-3%

Q44. Who defines credit cards as payment instruments with pre-approved revolving credit limits?

Answer: Reserve Bank of India (RBI)

Q45. How many member states currently belong to the European Free Trade Association (EFTA)?

Answer: 4

Q46. What per capita income level is considered as the threshold for upper-middle-income countries by the World Bank?

Answer: $4,000 – $12,000

Q47. How many sectors are covered under the PLI Scheme?

Answer: 14

Q48. According to the recent WTO report, what percentage of global exports of goods does India contribute?

Answer: 1.8%.

Q49. What was the retail inflation rate in February 2024?

Answer: 5.09%


Q50. “PM-SURAJ” stand for?

Answer: Pradhan Mantri Samajik Utthan evam Rozgar Adharit Jankalyan

Q51. Under which agreement did India and the Asian Development Bank (ADB) sign a loan for peri-urban development in Ahmedabad?

Answer: India-ADB Loan Agreement for Ahmedabad Peri-Urban Development.

Q52. RBI imposed a monetary penalty on Bank of India under?

Answer: Reserve Bank of India Act, 1934.

Q53. Recently Bank of Baroda announced the launch of bob Earth Green Term Deposit under the scheme?

Answer: bob Earth Green Term Deposit Scheme.

Q54. According to Fitch Ratings, the revised GDP growth forecast for India in FY25 is?

Answer: 7.0%

Q55. What percentage of weight does the food basket hold in the Consumer Price Index (CPI)?

Answer: 50%

Q56. What is Fitch Ratings’ inflation expectation for India by the end of the current year?

Answer: 4%

Q57. The Union Government of India and the Asian Development Bank (ADB) signed loan agreement to strengthen the fintech ecosystem in India. What is the agreement loan amount?

Answer: $23 million.

Q58. India’s ranking on the United Nations Human Development Index (HDI) for 2022?

Answer: 134.

Q59. India’s foreign exchange reserves as of March 8, 2024?

Answer: $636.1 billion

Q60. Gross Direct Tax collections in the Financial Year 2023-24?

Answer: 18.74%

Q61. What was the value of India’s outward Foreign Direct Investment (FDI) in February 2024?

Answer: $3.47 billion.

Q62. Prevention of Money Laundering Act (PMLA) enacted in India in the year?

Answer: 2002.

Q63. Which bank has launched the ‘Flash Pay’ RuPay smart key chain?

Answer: Federal Bank.

Q64. What is the projected GDP growth rate for India in FY24 according to S&P Global?

Answer: 7.6%.

Q65. How many entities received payment aggregator licences from the RBI in 2024, including Innoviti Payments and Concerto Software?

Answer: 13

Q66. What are the RBI’s inflation projections for the first quarter of fiscal year 2024-25?

Answer: 5.2%.

Q67. Who has been authorized by RBI to implement the interoperable net banking payment system?

Answer: NPCI Bharat BillPay Ltd.

Q68. Who has been appointed as the Managing Director & Chief Executive Officer (MD & CEO) of the Bank of Maharashtra?

Answer: Nidhu Saxena.

Leave a Reply

Your email address will not be published. Required fields are marked *