1. Which of the following banks has recently launched an AI chatbot named Erica?

A. HDFC Bank B. Bank of America C. Citi Bank D. Deutsche Bank E. HSBC Bank

2. Which of the following bank has received the approval of the Ministry of Corporate Affairs to merge with All Bank Finance Ltd (ABFL)?

A. Punjab National Bank B. Bandhan Bank C. Allahabad Bank D. Oriental Bank of Commerce E. None of these

3. Where is the Head Office of AU Small Finance Bank?

A. Muzaffarpur B. Fatehpur C. Kanpur D. Nagpur E. Jaipur

4. Which of the following is governed by the provisions of Section 42 (1) of the Reserve Bank of India Act, 1934?

A. Repo rate B. Reverse repo rate C. CRR D. SLR E. Bank rate

5. The Banking Codes and Standards Board of India (BCSBI) was registered as a society under the ———————- Act.

A. Reserve Bank of India Act, 1934 B. Banking Regulation Act, 1949 C. Companies Act, 1956 D. Societies Registration Act, 1860 E. None of these

Answers and Explanations
1. Answer - Option B
Explanation -
Bank of America has started rolling out Erica, its chat-bot that can help customers check balances, remind about bills and answer bank-related questions. The bank started testing Erica in 2017.
2. Answer - Option C
Explanation -
State-run Allahabad Bank announced that the Ministry of Corporate Affairs has allowed the amalgamation of its wholly own subsidiary – All Bank Finance Ltd (ABFL)-with the lender.
3. Answer - Option E
Explanation -
Jaipur, Rajasthan is the Head office of AU Small Finance Bank.
4. Answer - Option C
Explanation -
Cash Reserve Ratio comes under by the provisions of Section 42 (1) of the Reserve Bank of India Act, 1934.
5. Answer - Option D
Explanation -
The Banking Codes and Standards Board of India (BCSBI) was registered as a society under the Societies Registration Act, 1860.

1. Industrial Reconstruction Bank of India (IRBI) was established in ————

A. 1985 B. 1981 C. 1979 D. 1989 E. 1991

2. A commercial bill or a bill of exchange is a short-term, negotiable, and self-liquidating ———————–instrument.

A. Capital Market Instrument B. Money Market Instrument C. Bullion Market Instrument D. Commodity Market Instrument E. Share Market Instrument

3. The employees of the bank went on strike and when it comes to risk it is known as —————

A. Market risk B. Credit risk C. Interest risk D. Operational risk E. Systemic risk

4. How many core promoter companies does National Payment Corporation of India have?

A. 8 B. 10 C. 12 D. 15 E. 20

5. Where is National Institute of Bank Management (NIBM) situated?

A. Mumbai B. New Delhi C. Hyderabad D. Pune E. Bengaluru

Answers and Explanations
1. Answer - Option A
Explanation -
Industrial Reconstruction Bank of India (IRBI) was established in 1985.
2. Answer - Option B
Explanation -
A commercial bill or a bill of exchange is a short-term, negotiable, and self-liquidating money market instrument.
3. Answer - Option D
Explanation -
Operational risk is defined as the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events.
4. Answer - Option B
Explanation -
NPCI has ten core promoter banks State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Union Bank of India, Bank of India, ICICI Bank, HDFC Bank, Citibank and HSBC.
5. Answer - Option D
Explanation -
National Institute of Bank Management (NIBM) is an Indian institution for research, training and consultancy in banking and finance. It is located in Pune. The campus is self-contained, with residential and educational facilities.

1. Elavenil Valarivan related to which of the following sports?

A. Table tennis B. Squash C. Chess D. Shooting E. Archery

2. Les Payne, the renowned journalist has passed away. He belonged to ——————

A. Vatican B. USA C. Canada D. Britain E. New Zealand

3. Which of the following state government has declared Jack-fruit as official fruit of the state?

A. Kerala B. Assam C. Sikkim D. Karnataka E. Tamil Nadu

4. Who has won the 2017 G.K. Reddy Memorial National Award for journalism?

A. Suresh kumar B. Surya Prakash C. Karan Thapar D. Satheesh Reddy E. Kiran Singh

5. Which of the following has become North India’s first city to install Automatic Speed Gun Cameras with digital displays for traffic management?

A. Greater Noida B. Bhopal C. Gurugram D. Jaipur E. None of these

Answers and Explanations
1. Answer - Option D
Explanation -
Indian shooter Elavenil Valarivan (18) shattered the world record and claimed the gold medal in 10m women’s air rifle event of the season’s first junior ISSF World Cup in Sydney.
2. Answer - Option B
Explanation -
Les Payne (76), a fervid and fearless Pulitzer Prize-winning reporter, has passed away in Manhattan, United States. He served as an editor and columnist at News day and is a founder of the National Association of Black Journalists (NABJ).
3. Answer - Option A
Explanation -
The Kerala government has declared Jack fruit as the official fruit of the state to promote the ‘Kerala Jack fruit’ as a brand in markets across the country and abroad. The brand will showcase its organic and nutritious qualities.
4. Answer - Option C
Explanation -
Karan Thapar, the veteran journalist and television presenter, has been honored with the 2017 G.K. Reddy Memorial National Award for journalism for his contribution in the field of journalism.
5. Answer - Option E
Explanation -
Chandigarh has become the 1st city in North India to install Automatic Speed Gun Cameras with digital displays for traffic management. The high-tech speed cameras are equipped with night vision technology and will record the speed of oncoming traffic, helping Chandigarh Police to issue challans to anyone driving above the city speed limits.