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September CA 2023 > STATIC BANKING QUESTIONS > Flashcards

STATIC BANKING QUESTIONS Flashcards

1
Q
  1. Who is the current (as of August ‘23) Managing Director (MD) and Chief Executive Officer
    (CEO) of Punjab National Bank (PNB)?
    1) Atanu Kumar Das
    2) Sashidhar Jagdishan
    3) Chandra Shekhar Ghosh
    4) Atul Kumar Goel
    5) A S Rajeev
A

Answer- 4) Atul Kumar Goel
Explanation:
About Punjab National Bank (PNB):
PNB, India’s first Swadeshi Bank, commenced its operations on April 12, 1895.
Managing Director and Chief Executive Officer– Atul Kumar Goel
Headquarters– New Delhi, Delhi
Established in– May 19, 1894
Tagline– The Name you can Bank upon

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2
Q
  1. Who is the current (as of August ‘23) Managing Director & Chief Executive Officer (CEO) of
    National Payments Corporation of India (NPCI)?
    1) Rishikesha Krishnan
    2) Dilip Asbe
    3) Biswamohan Mahapatra
    4) Shailendra Trivedi
    5) Amitha Sehgal
A

Answer- 2) Dilip Asbe

Explanation:
About National Payments Corporation of India (NPCI):
NPCI is an initiative of the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA) under
the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust Payment &
Settlement Infrastructure in India.
Managing Director & Chief Executive Officer – Dilip Asbe
Headquarters– Mumbai, Maharashtra
Incorporated – 2008

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3
Q
  1. Name the bank that has recently (in August ‘23) gone live with Unified Payments Interface
    (UPI) Interoperability on the Reserve Bank of India (RBI) Central Bank Digital Currency
    (CBDC) app.
    1) RBL Bank
    2) Bandhan Bank
    3) YES Bank
    4) IDBI Bank
    5) IndusInd Bank
A

Answer- 3) YES Bank
Explanation:
YES Bank announced that it has gone live with Unified Payments Interface (UPI) Interoperability on
the Reserve Bank of India (RBI) Central Bank Digital Currency (CBDC) app.
i. With this move, users will now be able to scan any UPI QR code through the YES Bank Digital Rupee
app and undertake transactions in a seamless manner.
ii. This move is set to significantly expand the reach of the Digital Rupee (e₹) and underscores the
bank’s commitment towards propelling digital innovations, and providing a wide range of
transactional options for users across the nation.
iii. The first pilot in the Digital Rupee -Wholesale Segment (e rupeeW) commenced on November 1,
2022. It was followed by the first pilot for retail digital rupee (e rupee-R) was announced on
December 1, 2022.

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4
Q
  1. What is the Tagline of IndusInd Bank?
    1) We Make You Feel Richer
    2) Your Perfect Banking Partner
    3) Always You First
    4) We Understand Your World
    5) Good People to Grow With
A

Answer- 1) We Make You Feel Richer
Explanation:
About IndusInd Bank:
IndusInd Bank’s profit after tax increased by 68.71% to Rs. 1,959.20 crore for the quarter ended
December 2022, from Rs. 1,161.27 crore in the previous quarter.
MD & CEO – Sumant Kathpalia
Established – 1994
Headquarters – Mumbai, Maharashtra
Tagline – We Make You Feel Richer

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5
Q
  1. Who is the current (as of Sept ‘23) Chairman & Managing Director (CMD) of Small Industries
    Development Bank of India (SIDBI)?
    1) Ashish Gupta
    2) Devendra Kumar Singh
    3) Sivasubramanian Ramann
    4) Pankaj Jain
    5) Sudatta Mandal
A

Answer- 3) Sivasubramanian Ramann
Explanation:
About Small Industries Development Bank of India (SIDBI):
Chairman & Managing Director– Sivasubramanian Ramann
Headquarters– Lucknow, Uttar Pradesh
Establishment– 1990

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6
Q
  1. Who is the current (as of Sept ‘23) Managing Director(MD) & Chief Executive Officer(CEO) of
    ICICI Prudential Life Insurance Company Limited?
    1) Souvik Jash
    2) Judhajit Das
    3) Anup Bagchi
    4) Manish Kumar
    5) Amit Palta
A

Answer- 3) Anup Bagchi
Explanation:
About ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life):
ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life) is promoted by ICICI Bank
Limited and Prudential Corporation Holdings Limited.
Managing Director(MD) & Chief Executive Officer(CEO) – Anup Bagchi
Headquarters – Mumbai, Maharashtra
Established in – 2001

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7
Q
  1. Who is the current (as of Sept ‘23) Chief Executive Officer (CEO) of Paytm?
    1) Vijay Shekhar Sharma
    2) Surinder Chawla
    3) Anubrata Biswas
    4) Rishi Gupta
    5) Vinod Easwaran
A

Answer- 1) Vijay Shekhar Sharma
Explanation:
With Antfin‘s shareholding reducing to 9.90 per cent in One97 Communications Limited (OCL), which
owns Paytm, its Founder and Chief Executive Officer (CEO) Vijay Shekhar Sharma has become the
sole Significant Beneficial Owner (SBO).
i. Antfin, which recently pared its stake in OCL from 23.79 per cent to 9.90 per cent, is no longer a SBO
of the company, Paytm said in a filing with the stock exchanges.
ii. Antfin’s total shareholding in Paytm has significantly reduced from 23.79 per cent in the last few
weeks after it sold 10.3 percent of its stake to Resilient Asset Management B.V., an overseas entity 100 per cent owned by Vijay Shekhar Sharma. This was followed by the sale of another 3.6 per cent in block deals.

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8
Q
  1. Name the bank that has recently (in Sept ‘23) announced the implementation of UPI interoperability with the Digital Rupee.
    1) RBL Bank
    2) ICICI Bank
    3) State Bank of India
    4) IDBI Bank
    5) HDFC Bank
A

Answer- 3) State Bank of India Explanation:
The State Bank of India has announced the implementation of UPT interoperability with the Digital Rupee. With this move, SBI aims to deliver convenience and accessibility to its customers. This feature, accessible through the ‘eRupee by SBI’ application will empower users to effortlessly scan any merchant UPI QR code for transactions.
• SBI was among the first few banks to participate in the RBI’s retail digital e-rupee project.

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9
Q
  1. Who is the current (as of Sept ‘23) Managing Director (MD) & Chief Executive Officer (CEO) of HDFC Bank?
    1) Girish Chandra Chaturvedi
    2) Sandeep Bakhshi
    3) Atanu Chakraborty
    4) Sashidhar Jagdishan
    5) Sumant Kathpalia
A

Answer-4) Sashidhar Jagdishan
Explanation:
About HDFC Bank Ltd:
MD & CEO - Sashidhar Jagdishan
Establishment - 1994
Headquarters - Mumbai, Maharashtra Tagline - We Understand Your World

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10
Q
  1. Who is the current (as of Sept ‘23) Chief Executive Officer (CEO) of Employees Provident Fund Organisation (EPFO)?
    1) Chanramauli Chakraborty
    2) Shobhit Shrivastava
    3) Neelam Shami Rao
    4) Rakesh Dabas
    5) Meenu Mandola
A

Answer- 3) Neelam Shami Rao
Explanation:
About Employees Provident Fund Organisation (EPFO):
Central Provident Fund Commissioner(CPFO)/Chief Executive Officer (CEO) - Ms. Neelam
Shami Rao
Headquarters - New Delhi
Establishment -1952

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11
Q
  1. Who is the current (as of Sept ‘23) Executive Chairman of the World Economic Forum (WEF)?
    1) Klaus Schwab
    2) Tulsi Gabbard
    3) Borge Brende
    4) Itzik Yahav
    5) Henry Kissinger
A

Answer- 1) Klaus Schwab
Explanation:
About World Economic Forum (WEF):
Founder & Executive Chairman - Professor Klaus Schwab Headquarters - Cologny, GenevaCanton, Switzerland

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12
Q
  1. Name the Bank that has recently (in Sept ‘23) announced the integration of Unified Payments Interface (UPI) QR codes with its Central Bank Digital Currency (CBDC) app.
    1) RBL Bank
    2) Karnataka Bank
    3) IDFC First Bank
    4) IDBI Bank
    5) IndusInd Bank
A

Answer- 3) IDFC First Bank
Explanation:
IDFC First Bank announced the integration of Unified Payments Interface (UPI) QR codes with its Central Bank Digital Currency (CBDC) app aimed to enhance the adoption of digital rupee and boost its utilisation.
i. Being one of the banks that are a part of RBI’s CBDC initiative for retail users, this new feature will simplify payment acceptance for merchants, enabling them to seamlessly accept payments made with digital rupee.
il. The UPI interoperability feature will dramatically enhance the adoption of CBDC across the country.

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13
Q
  1. Which Bank has recently (in Sept 23) announced the introduction of WhatsApp Lending Platform through which customers can apply for pre-approved personal loans?
    1) RBL Bank
    2) IDBI Bank
    3) Indusind Bank
    4) Federal Bank
    5) Karnataka Bank
A

Answer- 4) Federal Bank
Explanation:
Federal Bank Ltd. has announced the introduction of what it called WhatsApp Lending Platform through which customers can apply for pre-approved personal loans.
i. The platform was inaugurated by Federal Bank Chairman A.P. Hota in the presence of MD & CEO Shyam Srinivasan, Executive Director Shalini Warrier, Vice President & Head - Digital Sumoth C and the bank staff.

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14
Q
  1. What is the tagline of Indian Bank?
    1) We Understand Your World
    2) Support All the Way
    3) Your own bank
    4) Together We Can
    5) Your Perfect Banking Partner
A

Answer- 3) Your own bank

Explanation:
About Indian Bank:
Managing Director (MD) & Chief Executive Officer (CEO) - Shanti Lal Jain Headquarters - Chennai, Tamil Nadu Established in - 1907
Tagline - Your own bank

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15
Q
  1. What is the Tagline of Bank of Baroda?
    1) We Understand Your World
    2) Support All the Way
    3) Your own bank
    4) India’s International Bank
    5) Your Perfect Banking Partner
A

Answer-4) India’s International Bank
Explanation:
About Bank of Baroda (BoB):
MD & CEO- Debadatta Chand Headquarters- Vadodara, Gujarat Tagline- India’s International Bank
Established - 1908

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16
Q
  1. Who is the current (as of Sept 23) Managing Director (MD) and Chief Executive Officer
    (CEO) of Bajaj Allianz Life Insurance Company?
    1) Shashi Jha
    2) Tarun Chugh
    3) Randhir Kumar
    4) Chandrakant Singh
    5) Rakesh Pandey
A

Answer- 2) Tarun Chugh
Explanation:
Bajaj Allianz Life Insurance Company Limited:
Bajaj Allianz Life Insurance Company Limited is a joint venture between Bajaj Finserv Limited and Allianz SE.
Managing Director (MD) and Chief Executive Officer(CEO) - Tarun Chugh
Headquarters - Pune, Maharashtra
Established in - 2001

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17
Q
  1. Who is the current (as of Sept’ 23) President of Asian Development Bank (ADB)?
    1) Masatsugu Asakawa
    2) Kristalina Georgieva
    3) Achim Steiner
    4) David Robert Malpass
    5) Rita Gunaryati Lubis
A

Answer- 1) Masatsugu Asakawa
Explanation:
About Asian Development Bank (ADB):
President- Masatsugu Asakawa
Headquarters- Mandaluyong City, Metro Manila, Philippines
Establishment - 1966
Members- 68 members (49 from Asian and the Pacific and 19 outside)

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18
Q
  1. According to data from the National Payments Corporation of India (NPCI) released in September 2023, In India_
    _ Unified Payments Interface (UPI) transactions were
    performed for the first time in August 2023.
    1) 6 billion
    2) 12 billion
    3) 9 billion
    4) 8 billion
    5) 10 billion
A

Answer- 5) 10 billion
Explanation:
According to data from the National Payments Corporation of India (NPCI), 10 billion Unified Payments Interface (UPI) transactions were performed for the first time in August in India.
• The real-time mobile payment platform is likely to end August with around 10.5 billion transactions with the cumulative value crossing the Rs 15-lakh-crore figure for the second consecutive month.

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19
Q
  1. When was the International Monetary Fund (IMF) established?
    1) 1960
    2) 1948
    3) 1944
    4) 1974
    5) 1971
A

Answer- 3) 1944
Explanation:
About International Monetary Fund (IMF):
Managing Director - Kristalina Georgieva Headquarters- Washington, D.C, USA
Establishment- 1944

20
Q
  1. Where is the headquarters of Organisation for Economic Co-operation and Development
    (OECD) located?
    1) Geneva, Switzerland
    2) Paris, France
    3) London, United Kingdom
    4) Rome, Italy
    5) New York City, United States of America
A

Answer-2) Paris, France Explanation:
About Organisation for Economic Co-operation and Development (OECD):
Secretary-General- Mathias Cormann
Headquarters- Paris, France

21
Q
  1. What is the Tagline of Union Bank of India (UBI)?
    2, Super aithe Var Word
    3) Together We Can
    4) Good People to Bank with
    5) Always You First
A

Answer-4) Good People to Bank with Explanation:
About Union Bank of India(UBI):
Managing Director & CEO- A. Manimekhalai
Headquarters- Mumbai, Maharashtra
Tagline- Good People to Bank with Established in 1919
Nationalised in 1969

22
Q
  1. Which of the following organizations is ‘Not the World Bank arms?
    2) Intermational Beve derersion and Development,
    3) International Finance Corporation
    4) Multilateral Investment Guarantee Agency
    5) Intergovernmental Panel on Climate Change
A

Answer- 5) Intergovernmental Panel on Climate Change
Explanation:
Five organizations are under World Bank:
International Bank for Reconstruction and Development (IBRD)
• International Development Association (IDA)
International Finance Corporation (IFC)
Multilateral Investment Guarantee Agency (MIGA)
• International Centre for Settlement of Investment Disputes (ICSID).

23
Q
  1. NEFT is a nationwide payment system facilitating one-to-one funds transfer.
    In NEFT, what does ‘E’ stand for?
    1) Exchange
    2) Electronic
    3) E-commerce
    4) Earned
    5) Equity
A

Answer- 2) Electronic
Explanation:
National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer.
i. Under this Scheme, individuals, firms and corporates can electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country participating in the Scheme.

24
Q
  1. Who has been recently (in Sept ‘23) appointed as the Managing Director(MD) & Chief Executive Officer (CEO) of AU Small Finance Bank Limited?
    1) Ittira Davis
    2) Samit Ghosh
    3) Kadambelil Paul Thomas
    4) Ajay Kanwal
    5) Sanjay Agarwal
A

Answer- 5) Sanjay Agarwal
Explanation:
About AU Small Finance Bank Limited (Ltd):
Managing Director (MD) & Chief Executive Officer (CEO) - Sanjay Agarwal Headquarters - Jaipur, Rajasthan
Established in - 1996

25
Q
  1. Permanent Retirement Account Number (PRAN) is a unique _ digit number issued to the state & central employees to receive their pension throughout their life under the National Pension System.
    1) 7
    2) 12
    3) 10
    4) 9
    5) 11
A

Explanation:
Permanent Retirement Account Number (PRAN) is a unique 12 digit number issued to the state and central employees to receive their pension throughout their life under the National Pension System
(NPS). (This NPS scheme was launched in 2004).
i. It is regulated by the Pension Fund Regulatory and Development Authority (PFRDA), created by an Act of the Parliament of India.

26
Q
  1. Indian Financial System Code (IFSC) is 11 alphanumeric codes.
    What is the 5th character in IFSC Codes?
    1) Four
    2) One
    3) Zero
    4) Two
    5) Five
A

Answer- 3) Zero
Explanation:
The 11 alphanumeric code of Indian Financial System Code (IFSC) is structured in a pattern where the first four characters represent the name of the bank, while the last six characters represent the branch of the bank. The fifth character is generally 0 (zero) reserved for future utilization.
i. The IFSC is an 11 digit alphanumeric code, with the first four digits identifying the bank, fifth is numeric (kept 0) and the last six digits represent the bank branch. Example: IFS Code of a branch of Punjab National Bank in Delhi is PUNB0614800.
Here mi unsete ent states ly tent ed Time raspitating instant main
National Electronic Funds Transfer (NEFT) Systems.

27
Q
  1. Who is the current (as of Sept ‘23) chairman of National Bank for Agriculture and Rural Development (NABARD)?
    1) Raama Sreenivasan
    2) Urvish Shah
    3) Revathy lyer
    4) Shaji K V
    5) Ravindra H Dholakia
A

Answer- 4) Shaji K V
Explanation:
About National Bank for Agriculture and Rural Development (NABARD):
Chairman- Shaji K V
Headquarters- Mumbai, Maharashtra
Established on 12 July 1982

28
Q
  1. Which of the following is/are the Products of National Payments Corporation of India (NPCI)?
    1) National Automated Clearing House
    2) Immediate Payment Service
    3) Bharat Bill Payment System
    4) Both 1 & 2
    5) All 1, 2 & 3
A

Answer- 5) All 1, 2 & 3 Explanation:
About National Payments Corporation of India (NPCI):
CEO & MD- Dilip Asbe
Headquarters- Mumbai, Maharashtra

Products- RuPay, Immediate Payment Service (IMPS), National Automated Clearing House (NACH), Aadhaar Payment Bridge (APB) System, Aadhaar enabled Payment System (AePS), National Financial Switch (NFS), UPI, Bharat Bill Payment System (BBPS), and National Electronic Toll Collection (NETC)

29
Q
  1. Which organisation will publish the World Economic Outlook every Year?
    1) World Bank
    2) International Monetary Fund
    3) United Nations Development Programme
    4) United Nations Human Settlement Programme
    5) World Trade Organization
A

Answer- 2) International Monetary Fund
Explanation:
The World Economic Outlook is published by the International Monetary Fund (IMF) twice a year. It presents analyses of global economic developments during the near and medium term. It gives an overview as well as more detailed analysis of the world economy.

30
Q
  1. Who is the current (as of Sept ‘23) Managing Director (MD) & Chief Executive Officer (CEO) of YES Bank?
    1) Shyam Srinivasan
    2) Prashant Kumar
    3) Sandeep Bakhshi
    4) Sumant Kathpalia
    5) Ajay Kumar Srivastava
A

Answer- 2) Prashant Kumar
Explanation:
About YES Bank Limited:
Managing Director (MD) & Chief Executive Officer (CEO)- Prashant Kumar Headquarters- Mumbai, Maharashtra
Established in- 2004

31
Q
  1. Who is the current (as of Sept ‘23) Chairman-cum-Managing Director (CMD) of Agriculture Insurance Company of India Limited (AIC)?
    1) Ritesh Chauhan
    2) Neerja Kapur
    3) Devesh Srivastava
    4) Suchita Gupta
    5) Girija Subramanian
A

Answer- 5) Girija Subramanian
Explanation:
About Agriculture Insurance Company of India Limited (AIC):
Chairman-cum-Managing Director (CMD)- Girija Subramanian
Headquarters - New Delhi, Delhi
Incorporated - 2002

32
Q
  1. In which year, the World Bank was established?
    1) 1919
    2) 1969
    3) 1961
    4) 1944
    5) 1948
A

Answer-4) 1944
Explanation:
About World Bank:
Establishment - July, 1944
Headquarters - Washington DC, United States of America (USA)
President - Ajay Banga

33
Q
  1. Ittira Davis is the current (as of Sept ‘23) Managing Director (MD) of _
    _ Small
    Finance Bank (SFB).
    1) Capital SFB
    2) Ujjivan SFB
    3) Equitas SFB
    4) AU SFB
    5) ESAF SFB
A

Answer-2) Ujjivan SFB
Explanation:
About Ujjivan Small Finance Bank (SEB) Limited:
Managing Director - Ittira Davis
Headquarters - Bengaluru, Karnataka
Established in - 2017

34
Q
  1. Who is the current (as of Sept ‘23) Managing Director (MD) & Chief Executive Officer (CEO) of Bank of Maharashtra?
    1) AS Rajeev
    2) Atanu Kumar Das
    3) Chandra Shekhar Ghosh
    4) Atul Kumar Goel
    5) Sashidhar Jagdishan
A

Answer- 1) A S Rajeev
Explanation:
About Bank of Maharashtra(BoM):
Managing Director (MD) & Chief Executive Officer(CEO) - A S Rajeev Headquarters- Pune,Maharashtra
Established in- 1935
Tagline - Ek Parivaar, Ek Bank (One Family One Bank)

35
Q
  1. According to the Institute of International Finance (IIF) data in September 2023, Global debt reached a new record of USD
    in second Quarters (Q2) 2023.
    1) 307 trillion
    2) 134 trillion
    3) 235 trillion
    4) 406 trillion
    5) 189 trillion
A

Answer- 1) 307 trillion
Explanation:
According to the Institute of International Finance (IIF), Global debt reached a new record of USD 307 trillion in Q2 2023, driven by countries like the US and Japan.
i. The IF report stated that global debt in dollar terms rose by USD 10 trillion in H1 2023 and by USD 100 trillion over the past decade.
ii. The increase has pushed the global debt-to-GDP ratio to 336%, the second consecutive quarterly
rise.

36
Q
  1. Who is the current (as of Sept ‘23) Chairman & Managing Director (CMD) of Small Industries Development Bank of India (SIDBI)?
    1) Sivasubramanian Ramann
    2) Devendra Kumar Singh
    3) Ashish Gupta
    4) Pankaj Jain
    5) Sudatta Mandal
A

Answer- 1) Sivasubramanian Ramann
Explanation:
About Small Industries Development Bank of India (SIDBI):
It was established under an Act of Parliament in 1990.
Chairman & Managing Director- Sivasubramanian Ramann Headquarters- Lucknow, Uttar Pradesh

37
Q
  1. In which year, the World Bank was established?
    1) 1919
    2) 1969
    3) 1961
    4) 1944
    5) 1948
A

Answer- 4) 1944
Explanation:
About World Bank:
Establishment - July, 1944
Headquarters - Washington DC, United States of America(USA)
President - Ajay Banga

38
Q

MD and CEO of Utkarsh Bank.?
1) Rajeev Yadav
2) Sanjay Aggarwal
3) Govind Singh
4) Paul Thomas
5) PN Vasudevan

A

Answer- 3) Govind Singh
Explanation:
About Utkarsh Small Finance Bank Limited (USEBL):
Managing Director & Chief Executive Officer (CEO) - Govind Singh Headquarters - Varanasi, Uttar Pradesh
Incorporated in - 2016

39
Q
  1. In September 2023, Mahindra Finance acquired a _ _ per cent stake in Mahindra Insurance Brokers Ltd (MIBL) for Rs 206.39 crore to make it a wholly-owned subsidiary of the company.
    1) 45
    2) 30
    3) 50
    4) 20
    5) 40
A

Answer- 4) 20
Explanation:
Mahindra Finance acquired a 20 per cent stake in Mahindra Insurance Brokers Ltd (MIBL)for Rs 206.39 crore to make it a wholly-owned subsidiary of the company.
i. The company, pursuant to receipt of approval from the Insurance Regulatory and Development Authority of India (IRDAI), completed the acquisition of 20,61,856 equity shares of Rs 10 each of MIBL at a price of Rs 1,001 per share, Mahindra Finance said in a regulatory filing. ii. Consequently, MIBL has become a wholly-owned subsidiary of the company, with effect from September 22, 2023.

40
Q
  1. Who is the current (as of Sept 23) Managing Director (MD) and Chief Executive Officer
    (CEO) of Indian Overseas Bank?
    1) Shyam Srinivasan
    2) Prashant Kumar
    3) Sandeep Bakhshi
    4) Sumant Kathpalia
    5) Ajay Kumar Srivastava
A

Answer- 5) Ajay Kumar Srivastava
Explanation:
About Indian Overseas Bank:
Founded on- 10th February 1937
Managing Director (MD) and Chief Executive Officer (CEO) - Ajay Kumar Srivastava Headquarters- Chennai, Tamil Nadu

41
Q
  1. In which year, ICICI Lombard General Insurance Limited was established?
    1) 2004
    2) 2001
    3) 2010
    4) 2000
    5) 2005
A

Answer- 2) 2001
Explanation:
About ICICI Lombard General Insurance Limited:
Managing Director & Chief Executive Officer (CEO) - Bhargav Dasgupta Headquarters - Mumbai, Maharashtra
Established in - 2001

42
Q
  1. India’s International Bank is Tagline of _
    - (Bank).
    1) State Bank of India
    2) Bank of India
    3) Punjab National Park
    4) Indian Bank
    5) Bank of Baroda
A

Answer- 5) Bank of Baroda
Explanation:
About Bank of Baroda (BOB):
Managing Director (MD) & Chief Executive Officer (CEO) - Sanjiv Chadha Headquarters - Vadodara, Gujarat (Head office), Mumbai, Maharashtra (Corporate centre)
Establishment - 20 July 1908
Tag line - India’s International Bank

43
Q
  1. What is the Tagline of Indusind Bank?
    1) We Understand Your World
    2) Support All the Way
    3) We Make You Feel Richer
    4) India’s International Bank
    5) Your Perfect Banking Partner
A

Answer- 3) We Make You Feel Richer Explanation:
About Indusind Bank Limited:
Managing Director (MD) & Chief Executive Officer(CEO) - Sumant Kathpalia Headquarters - Mumbai, Maharashtra
Established in - 1994
Tagline - We Make You Feel Richer

44
Q
  1. In which year Punjab National Bank (PNB) was established?
    1) 1934
    2) 1956
    3) 1880
    4) 1894
    5) 1945
A

Answer- 4) 1894
Explanation:
About Punjab National Bank (PNB):
MD & CEO- Atul Kumar Goel Headquarters- New delhi, Delhi
Tagline- the name you can BANK upon!
Establishment- 1894

45
Q
  1. What is the Tagline of Karnataka Bank?
    1) We Understand Your World
    2) Support All the Way
    3) Your Family Bank Across India
    4) India’s International Bank
    5) Your Perfect Banking Partner
A

Answer- 3) Your Family Bank Across India Explanation:
About Karnataka Bank Limited(KBL):
Managing Director & Chief Executive Officer - Srikrishnan Hari Hara Sarma Headquarters- Mangaluru, Karnataka
Tagline- Your Family Bank Across India
Establishment- 1924

46
Q
  1. ____ is a rate at which the Reserve Bank of India (RBI) borrows money from commercial banks.
    1) Repo rate
    2) Reverse repo rate
    3) Statutory Liquidity Ratio
    4) Bank Rate
    5) Cash reserve ratio
A

Answer- 2) Reverse repo rate
Explanation:
Repo rate: Repo rate is the rate at which RBI gives loans to commercial banks against government securities.
Reverse repo rate: A reverse repo rate is a rate at which RBI borrows money from commercial banks.

September CA 2023 (13 decks)

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