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Super Banking GK June 2022 Quiz by IBPS Coaching Online

The General Awareness section of IBPS, SBI and RBI exams comprises both Current Affairs and Banking Awareness questions. Since Banking Awareness is a feature exclusive to these exams, a candidate’s performance on it quite often proves to be the determining factor between success and failure.

Regarded as the Institute for Best Online Bank Coaching Classes in India, Vidya Guru understands this aspect better than anyone else. So, our faculty lays special emphasis on covering the vital developments unfolding in the BFSI space. The latest quiz based on the recent happenings in this space is provided below for you to attempt and learn from.
Banking GK June 2022 Quiz
Question 1) The chief executive of India Resurgence Asset Reconstruction Company (IRARC), Avinash Kulkarni, has been selected to head the ______
A) NABARD
B) NHB
C) SIDBI
D) IDRCL
E) None of these
Answer – D) IDRCL
Explanation:
The chief executive of India Resurgence Asset Reconstruction Company (IRARC), Avinash Kulkarni, has been selected to head the India Debt Resolution Company Limited(IDRCL).

Question 2) Which among the following banks has secured an in-principle approval from the Reserve Bank of India (RBI) to set up an operations support subsidiary?
A) BOB
B) Indian Bank
C) IOB
D) SBI
E) None of these
Answer – D) SBI
Explanation:
The State Bank of India has secured an in-principle approval from the Reserve Bank of India (RBI) to set up an operations support subsidiary.

Question 3) Which among the following fintech services companies has launched UPI 123Pay payment and wearable ATM cards?
A) Coverfox
B) Acemoney
C) Paysense
D) ZestMoney
E) None of these
Answer – B) Acemoney
Explanation:
Acemoney, a fintech firm, recently launched wearable ATM cards and UPI 123Pay payment.

Question 4) Which among the following NBFCs has secured in-principle approval from the Reserve Bank of India (RBI) for the issuance of semi-closed prepaid payment instruments (PPIs).
A) Mufin Finance
B) Shanky Finance
C) Infinity Finances
D) Bajaj Finance
E) None of these
Answer – A) Mufin Finance
Explanation:
Mufin Finance has secured in-principle approval from the Reserve Bank of India(RBI) for the issuance of semi-closed prepaid payment instruments (PPIs).

Question 5) BOB Financial and _____ have launched the Co-Branded Contactless RuPay Credit Card.
A) Nainital Bank
B) ICICI Bank
C) Federal Bank
D) RBL Bank
E) None of these
Answer – A) Nainital Bank
Explanation:
BOB Financial and Nainital Bank have launched the Co-Branded Contactless RuPay Credit Card.

Question 6) Which bank has launched ‘Campus Power’ a digital platform for students aspiring to enroll themselves in higher education courses abroad and within the country.
A) HDFC Bank
B) ICICI Bank
C) Federal Bank
D) CSB Bank
E) None of these
Answer – B) ICICI Bank
Explanation:
ICICI Bank has launched a digital platform named ‘Campus Power’ to assist students aspiring to pursue higher education abroad and within the country.

Question 7) The Reserve Bank of India (RBI) has extended the deadline to implement new guidelines related to credit card issuance till ________
A) July 1
B) October 1
C) August 1
D) September 1
E) None of these
Answer – B) October 1
Explanation:
The Reserve Bank of India (RBI) has extended the deadline to implement new guidelines related to credit card issuance till October 1.

Question 8) The Centre’s Department of Pension & Pensioners’ Welfare (DoPPW) will collaborate with _______ to create an integrated pension portal.
A) BOB
B) Indian Bank
C) IOB
D) SBI
E) None of these
Answer – D) SBI
Explanation:
The Centre’s Department of Pension & Pensioners’ Welfare (DoPPW) will collaborate with SBI to create an integrated pension portal to enhance the ease of living of pensioners.

Question 9) Which among the following banks has launched an Online SB Account opening facility through ‘Video based Customer Identification Process (V-CIP)’?
A) Nainital Bank
B) ICICI Bank
C) Karnataka Bank
D) RBL Bank
E) None of these
Answer – C) Karnataka Bank
Explanation:
Karnataka Bank has launched an Online SB Account opening facility through ‘Video based Customer Identification Process (V-CIP)’.

Question 10) Which among the following banks has launched a new portal for its corporate EXIM customers?
A) South Indian Bank
B) ICICI Bank
C) Federal Bank
D) RBL Bank
E) None of these
Answer – A) South Indian Bank
Explanation:
The South Indian Bank(SIB) has launched a new portal “SIB TF Online” for its corporate EXIM customers.

Question 11) As per RBI’s Banknote Survey, Which among the following is the most preferred banknote?
A) Rs. 200
B) Rs. 2000
C) Rs. 500
D) Rs. 100
E) None of these
Answer – D) Rs. 100
Explanation:
As per RBI’s Banknote Survey:
Rs. 100 – The most preferred banknote

Question 12) The Ministry of Electronics and IT (MeitY) has declared the IT resources of ____ as ‘critical information infrastructure’
A) ICICI Bank
B) HDFC Bank
C) NPCI
D) All of these
E) None of these
Answer – D) All of these
Explanation:
The Ministry of Electronics and IT (MeitY) has declared the IT resources of ICICI Bank, HDFC Bank and UPI managing entity NPCI as ‘critical information infrastructure’ under Section 70 of the IT Act, 2000.

Question 13) The Reserve Bank of India (RBI) has cancelled the licence of ______
A) Kerala State Cooperative Bank
B) Millath Co-operative Bank
C) Akola Urban Coop Bank
D) Ahmedabad Mercantile Cooperative Bank
E) None of these
Answer – B) Millath Co-operative Bank
Explanation:
The Reserve Bank of India(RBI) has cancelled the licence of Millath Co-operative Bank.

Question 14) The World Bank has approved a project worth _____ to promote rain-fed farming in Uttarakhand.
A) ₹1,500 crore
B) ₹1,000 crore
C) ₹2,000 crore
D) ₹2,500 crore
E) Jio Payment Bank
Answer – B) ₹1,000 crore
Explanation:
The World Bank has approved a project worth ₹1,000 crore to promote rain-fed farming in Uttarakhand.

Question 15) Which among the following Small Finance Banks will launch the Children’s Savings Account “ENJOI”?
A) Fincare Small Finance Bank
B) Equitas Small Finance Bank
C) Jana Small Finance Bank
D) Ujjivan Small Finance Bank
E) Suryoday Small Finance Bank
Answer – B) Equitas Small Finance Bank
Explanation:
Equitas Small Finance Bank will launch the Children’s Savings Account “ENJOI” for the children of 0-18 years.

Question 16) The Reserve Bank of India (RBI) has raised the Additional Factor of Authentication (AFA) limit from ₹5,000 to _____ per transaction for e-mandates on cards, Prepaid Payment Instruments (PPIs) and UPI for recurring transactions.
A) ₹25,000
B) ₹15,000
C) ₹10,000
D) ₹12,000
E) None of these
Answer – B) ₹15,000
Explanation:
The Reserve Bank of India (RBI) has raised the Additional Factor of Authentication (AFA) limit from ₹5,000 to ₹15,000 per transaction for e-mandates on cards, Prepaid Payment Instruments (PPIs) and UPI for recurring transactions.

Question 17) Name the bank that tied up recently with Accenture for the purpose of digital transformation.
A) ICICI Bank
B) Axis Bank
C) HDFC Bank
D) Yes Bank
E) None of these
Answer – C) HDFC Bank
Explanation:
Accenture has partnered with HDFC for digital transformation of the bank’s lending business.

Question 18) The Reserve Bank of India (RBI) has lifted the ban imposed on _____ and allowed the card network to onboard new customers for debit, credit, or prepaid cards.
A) Visa
B) Rupay
C) Master Card
D) American Express
E) None of these
Answer – C) Master Card
Explanation:
The Reserve Bank of India (RBI) has lifted the ban imposed on Mastercard and allowed the card network to onboard new customers for debit, credit, or prepaid cards.

Question 19) Union Finance Minister, Smt. Nirmala Sitharaman has inaugurated a project called ‘My Pad, My Right’ initiated by the NABARD and _____ at Killa village in Gomati district of Tripura.
A) NABCONS
B) NABKISAN
C) NABFOUNDATION
D) NABSAMRUDDHI Finance Limited
E) None of these
Answer – C) NABFOUNDATION
Explanation:
Union Finance Minister, Smt. Nirmala Sitharaman has inaugurated a project called ‘My Pad, My Right’ initiated by the National Bank for Agriculture and Rural Development(NABARD) and NABFOUNDATION(a new subsidiary of NABARD set up under Section 8 (Not For Profit) of Companies Act, 2013) at Killa village in Gomati district of Tripura.

Question 20) The World Bank has approved a ______ loan to modernise the freight and logistics infrastructure of Indian Railways.
A) $245 million
B) $350 million
C) $250 million
D) $150 million
E) None of these
Answer – A) $245 million
Explanation:
The World Bank has offered a loan of $245 million for modernizing the logistics and freight infrastructure of Indian Railways.

Apart from attempting our regular quizzes, we suggest you watch the YouTube videos published by our subject matter experts. Doing it will give you rich insight into how to prepare for SSC, Banking and CDS exams. However, to access the Best Bank PO Online Coaching Classes for upcoming SBI and IBPS examinations, you can sign up for our Pen Drive / Online Courses.

Also, you can opt for the combined Study Material and Test Series package with these courses so as to get access to all the preparatory resources required for Govt. Job exam preparation. Now, language will not prove to be a hindrance in your path of learning because we have made our Online Courses available in both Complete English and Bilingual (Hindi + English) medium.

Summary
Banking Awareness is an integral part of the recruitment tests conducted for PO and Clerk positions in public sector banks. Besides that, the exams of public sector insurance companies such as LIC, NICL and Oriental Insurance also have questions on financial awareness. A student aspiring to crack any of these exams will be greatly benefitted by the above quiz. Finally, to know more about our Live Classes and Video Courses, you can connect with our student counselors on 9650549487 / 9650549587 or write to us at vidyagurudelhi@gmail.com.