Banking Awareness Quiz by Top Bank Coaching Institute

In order to provide quality exam oriented guidance to Bank PO and Clerical job aspirants, Vidya Guru Faculty members publish Current Affairs as well as Banking Awareness quizzes. Since these areas form the core of the GK section in IBPS and SBI exams, we suggest you carefully go through each and every questions we discuss here.

Banking Awareness

1) The IRDAI has reduced the minimum capital requirement for Foreign Reinsurance Branches (FRBs) to ________
A) 10 Crore
B) 30 Crore
C) 50 Crore
D) 40 Crore
E) None of these
Answer – C) 50 Crore
Explanation:
The IRDAI has reduced the minimum capital requirement for Foreign Reinsurance Branches (FRBs) to 50 Crore from 100 Crore.

2) The RBI has increased the upper limit of an offline payment from 200 to _______
A) 100
B) 200
C) 300
D) 500
E) None of these
Answer – D) 500
Explanation:
The RBI has increased the upper limit of an offline payment from 200 to 500.

3) _______ Frontier Markets and the Mastercard Center for Inclusive Growth have announced the launch of “She Leads Bharat : Udyam” an initiative to elevate 1,00,000 women-owned small businesses with resources.
A) India Post Payments Bank
B) Airtel Payments Bank
C) Paytm Payments Bank
D) Jio Payments Bank
E) None of these
Answer – B) Airtel Payments Bank
Explanation:
Airtel Payments Bank, Frontier Markets and the Mastercard Center for Inclusive Growth have announced the launch of “She Leads Bharat : Udyam” an initiative to elevate 1,00,000 women – owned small businesses with resources.

4) Which among the following has established a strategic partnership with CSC e-Governance Services India Limited for air services and future expansion?
A) LuLu International Exchange
B) Al Ansari Exchange
C) Unimoni Financial Services
D) Al Fardan Exchange
E) None of these
Answer – C) Unimoni Financial Services
Explanation:
Unimoni Financial Services has established a strategic partnership with CSC e-Governance Services India Limited for air services and future expansion.

5) The International Cricket Council (ICC) has announced a brand tie-up with ______ for the upcoming Men’s Cricket World Cup 2023?
A) Visa
B) Maestro
C) Mastercard
D) American Express
E) None of these
Answer – C) Mastercard
Explanation:
The ICC has announced a brand tie-up with Mastercard for the upcoming Men’s Cricket World Cup 2023.

6) The RBI has appointed ______ as an authorised pension disbursement bank for civil pensioners
A) HDFC Bank
B) RBL
C) Bandhan Bank
D) DCB Bank
E) None of these
Answer – C) Bandhan Bank
Explanation:
The RBI has appointed Bandhan Bank as an authorised pension disbursement bank for civil pensioners.

7) Who among the following persons has been appointed as the chairperson of the reconstituted Advisory Board on Banking and Financial Frauds (ABBFF)?
A) Ravichandran Venkataraman
B) B. A. Prabhakar
C) Suresh N Patel
D) Parakala Prabhakar
E) None of these
Answer – C) Suresh N Patel
Explanation:
Suresh N Patel has been appointed as the chairperson of the reconstituted Advisory Board on Banking and Financial Frauds (ABBFF).

8) Which among the following banks has become the first public sector bank to extend the facility of execution of online locker agreement through the DDE platform of NeSL?
A) Indian Bank
B) Canara Bank
C) HDFC Bank
D) ICICI Bank
E) None of these
Answer – A) Indian Bank
Explanation:
Indian Bank has become the first public sector bank to extend the facility of execution of online locker agreement through the DDE platform of NeSL.

9) Which among the following banks has introduced a ‘Jeevan Dhara’ Savings Bank account?
A) Yes Bank
B) Federal Bank
C) Canara Bank
D) ICICI Bank
E) None of these
Answer – C) Canara Bank
Explanation:
Canara Bank has introduced a ‘Jeevan Dhara’ special Savings Bank account for pensioners, and prospective pensioners.

10) Which among the following banks has partnered with Jocata to provide digital loans to MSMEs?
A) UBI
B) IOB
C) TMB
D) PNB
E) None of these
Answer – C) TMB
Explanation:
Private sector lender Tamilnad Mercantile Bank (TMB) and Jocata, a fintech platform provider to provide digital loans to MSMEs.

11) Which among the following banks has introduced the UPI Interoperable Digital Rupee mobile application?
A) Canara Bank
B) Axis Bank
C) HDFC Bank
D) ICICI Bank
E) None of these
Answer – C) Canara Bank
Explanation:
Canara Bank has announced the launch of its UPI Interoperable Digital Rupee mobile application that allows users to pay with digital currency by scanning any merchant’s UPI QR code.

12) Which among the following banks has launched the “Iris” mobile banking app?
A) Federal Bank
B) South Indian Bank
C) Yes Bank
D) Indusind Bank
E) None of these
Answer – C) Yes Bank
Explanation:
Yes Bank has launched the “Iris” mobile banking app with over 100 features and services

13) The ______ has approved a USD 40.5 million loan for integrated early childhood development and maternal mental health in Meghalaya.
A) WB
B) NDB
C) ADB
D) IMF
E) None of these
Answer – C) ADB
Explanation:
The ADB has approved a USD 40.5 million loan for integrated early childhood development and maternal mental health in Meghalaya.

14) P.R.Seshadri has been appointed as the MD & CEO of ________
A) CUB
B) SBI
C) SIB
D) TMB
E) None of these
Answer – C) SIB
Explanation:
The Reserve Bank of India has approved the appointment of P. R. Seshadri as the Managing Director and CEO of the Thrissur based South Indian Bank.

15) Who among the following persons has been appointed as the Asia Pacific head of Citi Commercial Bank (CCB)?
A) P.R.Seshadri
B) A. Balasubramanian
C) Gunjan Kalra
D) Kamlesh Varshney
E) None of these
Answer – C) Gunjan Kalra
Explanation:
Gunjan Kalra has been appointed as the Asia Pacific head of Citi Commercial Bank (CCB).

16) _______ has unveiled the third edition of its UPI Safety Awareness Campaign, titled “UPI Chalega”
A) NITI Aayog
B) DSCI
C) NPCI
D) IAMAI
E) None of these
Answer – C) NPCI
Explanation:
The National Payments Corporation of India (NPCI) has introduced the third edition of its UPI Safety Awareness campaign, titled “UPI Chalega.”

17) Which among the following states will open “CSP Plus” banking outlets in unbanked Gram Panchayats(GP)?
A) Rajasthan
B) West Bengal
C) Odisha
D) Gujarat
E) None of these
Answer – C) Odisha
Explanation:
The state government of Odisha will open “CSP Plus” banking outlets in unbanked Gram Panchayats(GP).

18) In UDGAM portal, ‘D’ Stands for _______
A) Demand
B) Debit
C) Deposits
D) Debt
E) None of these
Answer – C) Deposits
Explanation:
UDGAM – Unclaimed Deposits – Gateway to Access Information.
The Reserve Bank of India recently launched a centralised web portal called UDGAM (Unclaimed Deposits – Gateway to Access information) for individuals to search such deposits across multiple banks in one place.

19) Which among the following banks has launched a fixed fee based “Infinity Savings Account”?
A) Yes Bank
B) ICICI Bank
C) Axis Bank
B) Indusind Bank
E) None of these
Answer – C) Axis Bank
Explanation:
Axis Bank has launched “Infinity Savings Account” with zero service charge on 47 transactions.
This innovative savings account offers Axis Bank’s customers with exclusive privileges, such as waived Average Monthly Balance (AMB) requirement, complimentary debit cards and waiver of all the domestic charges against a small monthly recurring fee of INR 150 or annual fee of INR 1650.

20) Which among the following banks has partnered with Zaggle to launch a corporate credit card?
A) Yes Bank
B) Indusind Bank
C) Karnataka Bank
B) Federal Bank
E) None of these
Answer – C) Yes Bank
Explanation:
Yes Bank has partnered with Zaggle to launch a corporate credit card.