Question : On which of the following banks did the Reserve Bank of India impose a moratorium in March 2020?
Option 1: IDFC First Bank
Option 2: Dhanlakshmi Bank
Option 3: Bandhan Bank
Option 4: Yes Bank
Correct Answer: Yes Bank
Solution : The correct option is Yes Bank.
In March 2020, the Reserve Bank of India (RBI) imposed a moratorium on Yes Bank. The moratorium was imposed due to concerns about the bank's financial stability and liquidity issues. During the moratorium, the RBI took over the management of Yes Bank to protect the interests of depositors and maintain the stability of the banking system. The restrictions on Yes Bank were lifted after a reconstruction plan was put in place involving a consortium of banks investing in the troubled bank.
College Comparison based on Courses, Placement, Rank, Fee
Application | Eligibility | Dates | Syllabus
Question : As per the merger of public sector banks, effective from 1 April 2020, which of the following banks was merged with the Union Bank of India?
Option 1: Syndicate Bank
Option 2: Allahabad Bank
Option 3: Corporation Bank
Option 4: United Bank of India
Question : In India, _____fixes the Cash Reserve Ratio(CRR) for the banks in the economy.
Option 1: Reserve Bank of India
Option 2: Ministry of Finance
Option 3: Ministry of External Affairs
Option 4: State Bank of India
Question : Which of the following banks was established as the Bank of Calcutta in the year 1806?
Option 1: Axis Bank
Option 2: Union Bank of India
Option 3: State Bank of India
Option 4: Industrial Development Bank of India
Question : With effect from the 1st of April 2020, The United Bank of India has been merged with which among the following Banks?
Option 1: Bank of Baroda
Option 2: Punjab National Bank
Option 4: Canara Bank
Question : Which of the following was established on the recommendation of the Hilton Young Commission?
Option 1: The Securities and Exchange Board of India (SEBI)
Option 2: The Reserve Bank of India
Option 4: National Bank for Agriculture and Rural Development
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile