Banking and Financial Awareness for SBI, IBPS RRB & NABARD Exam 2021 | Set – 64

Correct Answer – B. DBS Bank

Explanation: DBS has been named by Forbes in their list of World’s Best Banks 2021. DBS was ranked #1 out of 30 domestic and international banks in India for the second consecutive year. This is the third edition of the ‘World’s Best Banks’ list by Forbes, conducted in partnership with market research firm Statista. Recently, DBS Bank India was recognised as ‘India’s Best International Bank 2021’ by Asiamoney. DBS was named ‘Safest Bank in Asia’ for the 12th consecutive year by New York-based trade publication Global Finance in 2020.

Correct Answer – E. pulses and oilseeds

Explanation: The Central govt increased the MSP of kharif crops for the 2021-21 crop season (July-June) by an average 3.7 per cent. The maximum hike reserved for pulses and oilseeds to encourage farmers to shift from paddy. The MSP of tur and urad has been increased by Rs 300 per quintal in absolute terms for 2021-22 to Rs 6300 per quintal while the MSP of groundnut seed has been increased by Rs 275 per quintal in 2021-21 to Rs 5550 per quintal. The MSP of sesame seed has been raised by Rs 452 per quintal to Rs 7307 per quintal. MSP of paddy has been raised by a modest Rs 72 per quintal to Rs 1940 per quintal.

Correct Answer – A. HDFC Bank

Explanation: Karnataka Industrial Area Development Board (KIADB) has signed a Memorandum of Understanding (MoU) with HDFC Bank to provide a wide range of financial products and services to its customers. As part of the MoU, HDFC Bank will provide a wide range of financial products and services to its customers through an extensive network of branches across the country. In addition, KIADB, in its efforts to make the land acquisition for industrial purposes more affordable and attract investments into Karnataka, has agreed to collaborate with HDFC bank so that eligible investor/customer of KIADB can avail of credit facilities from HDFC Bank as per Bank process and policies. As per the MoU, KIADB shall accord approvals related to handing over possession of land and project-related construction as per agreed terms between such allottees/customers and KIADB and take up expediting measures in case of delays.

Correct Answer – E. Central Bank of India

Explanation: State-owned Central Bank of India announced co-lending partnerships with NBFC players Indiabulls Housing Finance and IIFL Home Finance. Under this arrangement, non-banking finance companies (NBFCs) will originate and process retail home loans while Central Bank of India will take into its book 80 per cent of the housing loan under direct assignment transactions, the lender said in separate regulatory filings. The partnership will result in a greater disbursement of housing loans by Central Bank of India, Indiabulls HFL and IIFL HFL. In November last year, the Reserve Bank had announced a Co-Lending Model (CLM) scheme under which banks can provide loans along with NBFCs to priority sector borrowers based on a prior agreement.

Correct Answer – B. World Bank

Explanation: The World Bank’s Board of Executive Directors has approved a USD 500 million program to support India’s nationwide initiative to revitalise the MSME sector, which has been heavily impacted by the COVID-19 crisis. the program targets improvements in the performance of 555,000 MSMEs and is expected to mobilise financing of USD 15.5 billion, as part of the government’s USD 3.4 billion MSME Competitiveness – A Post-COVID Resilience and Recovery Programme (MCRRP). The USD 500 million Raising and Accelerating Micro, Small and Medium Enterprise (MSME) Performance (RAMP) Program is the World Bank’s second intervention in this sector, the first being the USD 750 million MSME Emergency Response Program, approved in July 2020 to address the immediate liquidity and credit needs of millions of viable MSMEs severely impacted by the ongoing COVID-19 pandemic.

Correct Answer – A. 95%

Explanation: Public sector (PSU) banks have sanctioned 95 percent of the total loans under PM SVANidhi scheme to Street Vendors. PSU Banks have sanctioned 23,16,207 loans under this scheme as on 31st May 2021. The Government of India launched the PM Street Vendors’ Atma Nirbhar Nidhi (PM SVANidhi) scheme on June 1,2020. Under the scheme, collateral-free working capital loan of up to Rs 10,000 of one-year tenure is being provided. The scheme aims at financing approximately 50 lakh street vendors. A collateral free loan is a loan provided to the borrower without any security.

Correct Answer – C. NTPC Ltd

Explanation: NTPC Ltd has become a signatory to the prestigious United Nations Global Compact’s CEO Water Mandate. The CEO Water Mandate is a UN Global Compact initiative to demonstrate commitment and efforts of companies to better their water and sanitation agenda as part of long term Sustainable Development Goals. It is designed to assist companies in the development, implementation, and disclosure of-

• NTPC is India’s largest power utility under Ministry of Power.
• NTPC has already taken a series of measures across its plant locations on sound water management.

• It has said that NTPC will further imbibe the 3 R’s (Reduce, Reuse and Recycle) for water conservation and management while carrying out its core business activity of power generation.

Correct Answer – Care Hospitals

Explanation: Manipal Hospitals, the second largest hospital chain in India, entered into a definitive agreement with private equity firm Multiples to acquire 100% stake in Bengaluru-based multi-specialty hospital Vikram Hospital for a consideration of ₹350 crore. Set up in 2009, Vikram Hospital is a 200-bed tertiary care facility located in the central business district and is best known for its clinical expertise in the fields of cardiac and neuro sciences.

Correct Answer – C. 2023

Explanation: To reduce India’s dependence on costly oil imports, the government (govt) has brought forward the target year for achieving 20 percent ethanol-blending with petrol by 2 years to April 2023 from 2025. It was reported by the Ministry of Petroleum & Natural Gas (MoPNG). Currently, the govt directs the oil companies in all states and UTs (union territories) to sell ethanol blended petrol with a percentage of ethanol up to 20 percent as per the Bureau of Indian Standards specifications. In April 2021, Ethanol-blending in Petrol in India reached more than 7.2 percent for the First Time. In 2020, the govt had set a target of reaching 10 percent ethanol-blending by 2022 (i.e. mixing 10 percent of ethanol with 90 percent of gasoline) and 20 percent by 2030 under the Ethanol Blended Petrol Programme (EBP). India is the 3rd biggest oil importer in the world and relies on foreign suppliers to meet more than 80 percent of demand.

Correct Answer – D. ICICI Bank       

Explanation: ICICI Bank announced that it has tied up with SWIFT to offer a facility that helps overseas partner banks to send instant remittances on behalf of their customers to the beneficiary in India. The beneficiary gets the credit to the bank account instantly. This makes ICICI Bank the first bank in Asia-Pacific and the second globally to offer the facility, called ‘SWIFT gpi Instant’, for cross border inward payments.