Q1. Jammu and Kashmir Bank is a J&K-based private sector banking and financial services company. In which year J&K Bank was incorporated?
A. 1949
B. 1956
C. 1921
D. 1952
E. 1938
Answer: Option E
Explanation:
Jammu and Kashmir Bank is a J&K -based private sector banking and financial services company. It is a Private-owned bank with state share with its headquarters in Srinagar, Jammu and Kashmir, India. J&K Bank was incorporated in 1938 and the first bank in the country to emerge as a state–owned bank.
Q2. HDFC Bank Limited is an Indian banking and financial services company headquartered in-?
A. Nagpur
B. Pune
C. Chennai
D. Mumbai
E. Jaipur
Answer: Option D
Explanation:
HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra.
Q3. _________________ customers can deposit cash of up to Rs 50,000 for free only thrice a month from 01st July 2019.
A. Indian Bank
B. State Bank of India
C. Canara Bank
D. Punjab National Bank
E. Bank of Baroda
Answer: Option C
Explanation:
From July 1, Canara Bank customers can deposit cash of up to Rs 50,000 for free only thrice a month. From the fourth transaction or for cash deposits of over Rs 50,000, there will be a service charge of Rs 1 per thousand, with a minimum of Rs 50 and a maximum of Rs 5,000 plus GST.
Q4. CCI has approved the merger of the Indiabulls Housing Finance and Lakshmi Vilas Bank recently. What is the full form of CCI?
A. Competition Commission of International
B. Competition Commission of India
C. Competition Corporation of India
D. Central Commission of India
E. Competition Core of Institute
Answer: Option B
Explanation:
Competition Commission of India (CCI) has approved the merger of the Indiabulls Housing Finance and Lakshmi Vilas Bank. Lakshmi Vilas Bank is going to merge with Indiabulls Housing Finance in a share swap deal with intent to create a combined entity with a larger capital base and wider geographical reach.
Q5. Reserve Bank of India’s (RBI) Deputy Governor _____________________ has quit six months before the scheduled end of his term in June 2019.
A. Viral Acharya
B. NS Vishwanathan
C. Bimal Jalan
D. SS Mundra
E. Gandhi
Answer: Option A
Explanation:
Reserve Bank of India’s (RBI) Deputy Governor Viral Acharya has quit six months before the scheduled end of his term. He had joined RBI on January 23, 2017. Viral Acharya was in charge of the Financial Stability Unit, Monetary Policy Department, Department of Economic and Policy Research, Financial Markets Operation Department, Financial Market Regulation Department, among others at the RBI.