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Question

Which bank joins the India Bullion Exchange as a special category client?

The correct answer is
State Bank of India

India Bullion Exchange Client Inclusion

The State Bank of India has joined the India Bullion Exchange (IIBX) as a special category client.

This inclusion signifies the bank's participation in the bullion spot trading platform, enabling it to trade commodities on the exchange.

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Important Questions from Banking Affairs

  1. As per the provisions of Union Budget 2021-22, how many public sector banks have been lined up for disinvestment?

  2. What is the repo rate given by the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) as on 7 April 2021?

  3. On 25 September 2020,_________ announced that they will launch a contactless debit card-based payment facility through phones called 'Safe Pay', allowing transactions up to ₹20,000 per day.

  4. In November 2020, India and _________ jointly launched Phase 2 of the Rupay card.

  5. In November 2020, the Union Cabinet of India approved the merger of capital-starved Lakshmi Vilas Bank (LVB) with _______________.

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