RBI, Centurion Bank, HDFC - Banking awareness questions on current affairs

1)   The Reserve Bank of India will transfer its surplus profit of 65,896 crore rupees to the Centre. This amount is ___ percent higher than previous year.

a. 5%
b. 19%
c. 25%
d. 33%
Answer  Explanation 


Last year, the apex bank had transferred 52,679 crore rupees of its surplus profit to the Government.

2)   As per the notification by Reserve Bank of India (RBI) on 6th Aug’15, in which areas the banks are allowed to shift, merge or close branches without seeking its prior permission?

a. Urban Areas
b. Rural Areas
c. Semi-Rural Areas
d. Semi-Urban Areas
Answer  Explanation 

ANSWER: Urban Areas

In a notification on its website, RBI said banks can “shift, merge or close all branches except rural branches and sole semi-urban branches at their discretion”. Shifting, merging or closing a branch in a rural area or a sole branch in a semi-urban area would, however, continue to require prior permission from RBI.

3)   Which bank has launched Watch Banking for Apple Watch?

b. Axis
Answer  Explanation 


No explanation is available for this question!

4)   Who was the first governor of RBI?

a. James Braid Taylor
b. Mihir Sen
c. Nagendra Singh
d. Osborne Smith
Answer  Explanation 

ANSWER: Osborne Smith

Osborne Smith was the Governor of Reserve Bank of India from 1 April 1935 to 30 June 1937.

5)   What does RBI regulate through Open Market Operation Transactions?

a. Flow of Foreign Direct Investment
b. Borrowing powers of the banks
c. Inflation
d. Liquidity in economy
Answer  Explanation 

ANSWER: Liquidity in economy

Outright purchase and Repurchase agreement are the two traditional type of OMO's used by RBI.

6)   What is the full-form of HDFC?

a. Housing Department Finance Corporation
b. Housing Development Financial Corporation
c. Housing Development Finance Corporation
d. Housing Development Finance Company
Answer  Explanation 

ANSWER: Housing Development Finance Corporation

No explanation is available for this question!