Quiz on News Updates 02-03-2024

What is the purpose of the Bankers Officer Katta Telegram group?

• To offer cooking recipes

• To provide daily updates on Banking & Finance

• To sell banking products

• To provide fashion tips

Which company announced additional measures to disassociate its offerings from Paytm Payments Bank?

• Google

• Paytm

• Amazon

• Facebook

What is State Bank of India (SBI) considering developing to utilize its data independently?

• Large Language Model (LLM)

• Artificial Intelligence (AI)

• Blockchain Technology

• Virtual Reality (VR)

What may prompt the Federal Reserve to continue the status quo on interest rates for a longer period?

• Decrease in foreign investments

• Slower economic growth

• Rising inflation

• Higher-than-expected real GDP growth

Which regulatory body imposed a penalty on Paytm Payments Bank for violation of reporting and recordkeeping obligations?

• FIU-IND

• NPCI

• RBI

• SEBI

What extension did the lenders to Future Supply Chain Solutions get to complete the corporate insolvency resolution process?

• 30 days

• 60 days

• 45 days

• 90 days

Why did UPI transactions dip slightly in February?

• Due to increased number of days

• Due to increased security measures

• Due to higher transaction fees

• Due to technical disruptions

What is the expected growth rate for large and diversified NBFCs in FY25?

• 10%

• 15%

• 20%

• 25%

What milestone did the NEFT system achieve on February 29, 2024?

• Processing 6 crore transactions

• Processing 3 crore transactions

• Processing 4 crore transactions

• Processing 5 crore transactions

What led to the surge in Tesla's stock price on March 1, 2024?

• Decrease in electric vehicle demand

• Impressive quarterly earnings report and new product launches

• Rise in interest rates

• Decrease in global oil prices