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Top Banking Awareness Quiz by Online IBPS Classes

Bank PO and Clerical Job aspirants are fully aware of the significance that Current Affairs (CA) section carries in their examination. So, they go to great lengths to gather trustworthy information that is relevant for their exam preparation. In order to do so, they have to consult multiple sources. Such a time consuming and cumbersome exercise makes the life of an aspirant miserable.

As the Centre for Best Online Banking Coaching Classes in India, we make a concerted effort to collate and validate information. Post that, we do a careful screening of this information to ascertain whether exam questions can be based on it. This is the groundwork that goes into each of our CA videos that we make freely available on our YouTube channel.

In addition to these video lectures, our GK experts publish CA quizzes which help you to test and reinforce your learning. The most recent CA quiz based on Banking Industry is provided below. So, let’s dive in and enhance our Banking Awareness quotient!!

March 2022 Banking Awareness Quiz

Question 1) Which among the following banks partnered with Spices Board India to launch an innovative digital platform ‘Spice Xchange India’?
A) SBI
B) HDFC Bank
C) BoB
D) ICICI Bank
E) None of these
Answer – B) HDFC Bank
Explanation:
HDFC Bank partnered with Spices Board India to launch an innovative digital platform ‘Spice Xchange India’

Question 2) Who among the following is the chairperson for the eight member Advisory Committee for SEBI Investor Protection and Education Fund (IPEF)?
A) Amarjeet Singh
B) Asha Shetty
C) G Mahalingam
D) Ramnath Krishnan
E) Nilesh Shah
Answer – C) G Mahalingam
Explanation:
Advisory Committee for SEBI Investor Protection and Education Fund (IPEF) – Chairperson – G Mahalingam

Question 3) Which of the following is the first bank to tie up with UNANU to introduce Digital Freight Financing through its niche software platform module “U-Turbo – a marketplace”?
A) SBI
B) HDFC Bank
C) BoB
D) ICICI Bank
E) KVB
Answer – E) KVB
Explanation:
Karur Vysya Bank (KVB) and Unanu Technologies (UNANU) have come together for digital freight financing. UNANU is a prominent end-to-end Logistics Software Platform provider involved in digital freight finance. KVB is going to use UNANU’s niche software platform module “U-Turbo – a marketplace”

Question 4) Which of the following has partnered with Creditas Solutions for its ‘Neo Collections’ platform?
A) SBI
B) HDFC Bank
C) RBL Bank
D) ICICI Bank
E) KVB
Answer – C) RBL Bank
Explanation:
RBL Bank has partnered with Creditas Solutions for its ‘Neo Collections’ platform to automate collections.

Question 5) Which of the following banks in association with National Payments Corporation of India (NPCI) launched ‘Union MSME RuPay Credit Card’.?
A) SBI
B) HDFC Bank
C) RBL Bank
D) ICICI Bank
E) Union Bank
Answer – E) Union Bank
Explanation:
Union Bank of India (UBI), along with National Payments Corporation of India (NPCI) has recently launched the ‘Union MSME RuPay Credit Card’.

Question 6) Which of the following banks has tied up with Tata Power Solar Systems to launch ‘Surya Shakti Cell’ for financing solar projects?
A) SBI
B) HDFC Bank
C) RBL Bank
D) ICICI Bank
E) Union Bank
Answer – A) SBI
Explanation:
SBI has signed an agreement with Tata Power Solar Systems to launch a dedicated centralised processing cell ‘Surya Shakti Cell’ for financing solar projects.

Question 7) Which of the following has unveiled India’s first debit card with NCMC (National Common Mobility Card) for teens?
A) Clyde
B) Pencilton
C) Digit
D) Flywire
E) None of these
Answer – B) Pencilton
Explanation:
Pencilton has unveiled India’s first debit card with NCMC (National Common Mobility Card) for teens.

Question 8) Which among the following is the central theme of this year’s Economic Survey?
A) Shifting Gears
B) Saving Lives and Livelihoods
C) Agile approach
D) creating opportunity and reducing vulnerability
E) None of these
Answer – C) Agile approach
Explanation:
The Central Theme of Economic Survey 2022 – Agile approach.

Question 9) Which among the following has become the world’s first bank to set up shop in the metaverse?
A) Bank of America
B) BNP Paribas
C) Barclays Bank
D) JP Morgan chase
E) None of these
Answer – D) JP Morgan chase
Explanation: JP Morgan chase has become the world’s first bank to set up shop in the metaverse.

Question 10) Who among the following has launched the first colour souvenir coin on ‘Panchtantra’ on the occasion of 17th foundation day of Security Printing and Minting Corporation of India Limited (SPMCIL)?
A) Shri. Narendra Modi
B) Smt. Nirmala Sitharaman
C) Shri. Ram Nath Kovind
D) Shri. Rajnath Singh
E) None of these
Answer – B) Smt. Nirmala Sitharaman
Explanation:
Smt. Nirmala Sitharaman has launched the first colour souvenir coin on ‘Panchtantra’ at 17th foundation day of Security Printing and Minting Corporation of India Limited (SPMCIL)

Question 11) Which among the following banks launched the Agri Infinity program to enable food and agritech startups to co-evolve scalable digital financial solutions?
A) SBI
B) Yes Bank
C) RBL Bank
D) ICICI Bank
E) Union Bank
Answer – B) Yes Bank
Explanation:
Yes Bank has recently launched the Agri Infinity program to enable agritech and food startup firms to co-evolve scalable digital financial solutions.

Question 12) RBI has extended the deadline for Non-Banking Financial Companies (NBFCs) to comply with new Non-Performing Assets (NPAs) classification norms to _______ from March 2022.
A) Individuals
B) HUF
C) Charitable Trusts
D) Universities
E) All of these
Answer – E) All of these
Explanation:
RBI has extended the deadline for Non-Banking Financial Companies (NBFCs) to comply with new Non-Performing Assets (NPAs) classification norms to September 2022 from March 2022.

Question 13) SBI, BoB, PNB, UBI, Canara Bank, and BoM have subscribed to the shares of _________
A) National Asset Reconstruction Company Ltd (NARCL)
B) Yes Bank
C) India Debt Resolution Company Ltd (IDRCL)
D) Both (A) and (C)
E) All of these
Answer – C) India Debt Resolution Company Ltd (IDRCL)
Explanation:
SBI, BoB, PNB, UBI, Canara Bank, and BoM have subscribed to the shares of India Debt Resolution Company Ltd (IDRCL).

Question 14) Which among the following has partnered with SBI Payments to boost digital payments infrastructure.?
A) VISA
B) Master Card
C) Rupay
D) American Express
E) None of these
Answer – B) Master Card
Explanation:
Master Card has partnered with SBI Payments to boost digital payments infrastructure.

Question 15) RBI has annulled the Certificate of Registration (CoR) that was issued to _______
A) P.C. Financial
B) Simplii Financial
C) Tangerine Bank
D) TD Canada Trust
E) None of these
Answer – A) P.C. Financial
Explanation:
RBI has annulled the Certificate of Registration (CoR) that was issued to P.C. Financial.

Question 16) The biggest bank fraud case ever registered by the CBI is around _____
A) 22,542 crore
B) 22,842 crore
C) 22,945 crore
D) 23,985 crore
E) None of these
Answer – B) 22,842 crore
Explanation:
The biggest bank fraud case ever registered by the CBI is around 22,842 crore.

Question 17) Which of the following has extended a line of credit of $500 million to Srilanka?
A) RBI
B) World Bank
C) EXIM Bank
D) New Development Bank
E) None of these
Answer – C) EXIM Bank
Explanation:
Export Import Bank of India (EXIM Bank) has extended a line of credit(LOC) of $500 million to Srilanka.

Question 18) Which among the following banks has partnered with Hero Electric to offer retail financial solutions?
A) SBI
B) HDFC Bank
C) Axis Bank
D) ICICI Bank
E) None of these
Answer – C) Axis Bank
Explanation:
Axis bank has partnered with Hero Electric to offer retail financial solutions.

Question 19) Lendingkart has partnered with _____ to disburse low-cost MSME loans.
A) SBI
B) HDFC Bank
C) BoB
D) BoM
E) None of these
Answer – D) BoM
Explanation:
Lendingkart has partnered with Bank of Maharashtra to disburse low-cost MSME loans.

Question 20) The ______ and Equirus Wealth have launched a “US Dollar offshore fund”.
A) Federal Bank
B) HDFC Bank
C) BoB
D) BoM
E) None of these
Answer – A) Federal Bank
Explanation:
The Federal Bank and Equirus Wealth have launched a “US Dollar offshore fund” exclusively for its customers.

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Summary
This Quiz comprises select questions from the world of Banking and Finance that may be asked in IBPS and SBI Probationary Officer & Clerk exams. To enquire about our Live Online Classes and Video Courses, you can call us at 9650549487 / 9650549587 or write into vidyagurudelhi@gmail.com.