By admin 23 July 2022 , , , , ,
Superb July Banking Awareness Quiz by Top Bank Coaching
Recruitment exams conducted by IBPS and SBI are oriented towards assessing a candidate’s interest in the field of Banking and Finance. In order to do so, these bodies put up questions from the BFSI domain in all PO, Clerical and Assistant grade exams. However, one must note that such questions are deeply linked with the latest developments taking place in this domain.
Trusted by students as the Best Bank PO Coaching in Delhi / NCR, Vidya Guru Institute makes determined efforts to guide Govt. Job aspirants in the right direction. Online Videos published on YouTube by our faculty members are an excellent learning resource for Current Affairs (CA) and Banking Awareness (BA). Becoming a subscriber of our YouTube channel will help you access these videos as soon as they are published.
However, learning remains incomplete without assessment and revision. Thus, we advise you to attempt the BA and CA quizzes posted on this portal. Take the latest BA quiz provided below to determine your level of preparedness for upcoming examinations.
Banking Awareness Quiz
Question 1) Punjab National Bank(PNB) has signed an MoU with the _____ for PNB Rakshak Plus Scheme.
A) Indian Army
B) Indian Navy
C) Indian Coast Guard
D) Indian Air Force
E) None of these
Answer – D) Indian Air Force
Explanation:
Punjab National Bank(PNB) has signed an MoU with the Indian Air Force (IAF) for PNB Rakshak Plus Scheme.
Question 2) Airtel Payments Bank has partnered with ______ to digitise the cash collection system in Tier III cities and semi-urban regions.
A) HDFC Bank
B) ICICI Bank
C) Federal Bank
D) Axis Bank
E) South Indian Bank
Answer – D) Axis Bank
Explanation:
New-Delhi based Airtel Payments Bank has partnered with Axis Bank to digitise the cash collection system in country’s Tier III cities and semi-urban regions.
Question 3) Which among the following banks has celebrated its 67th Foundation Day on 1st July.?
A) BOB
B) Indian Bank
C) IOB
D) SBI
E) None of these
Answer – D) SBI
Explanation:
State Bank of India(SBI) has celebrated its 67th Foundation Day on 1st July.
State Bank of India(SBI):
● Chairperson: Dinesh Kumar Khara
● Headquarters: Mumbai
● Founded: 1 July 1955
Question 4) Which among the following banks has partnered with EazyDiner to launch Dining Delights?
A) HDFC Bank
B) ICICI Bank
C) Federal Bank
D) Axis Bank
E) South Indian Bank
Answer – D) Axis Bank
Explanation:
Axis Bank has recently tied up with EazyDiner and launched Dining Delights.
Question 5) The GOI has authorised the _____ for issue and encash Electoral Bonds through its 29 authorised Branches.
A) BOB
B) Indian Bank
C) IOB
D) SBI
E) None of these
Answer – D) SBI
Explanation:
The Government of India has authorised the State Bank of India for issue and encash Electoral Bonds through its 29 authorised Branches
Question 6) Which among the following banks has signed an agreement with Kerala’s Forest and Wildlife Department to enable digital collection of payments?
A) HDFC Bank
B) ICICI Bank
C) Federal Bank
D) CSB Bank
E) South Indian Bank
Answer – E) South Indian Bank
Explanation:
South Indian Bank has signed an agreement with Kerala’s Forest and Wildlife Department to enable digital collection of payments at eco-tourism centres, Vanasree shops, mobile Vanasree units etc.,
Question 7) The Reserve Bank of India (RBI) has imposed a monetary penalty of _____ on Kotak Mahindra Bank and IndusInd Bank respectively.
A) Rs 2.05 crore and Rs 2 crore
B) Rs 3.05 crore and Rs 3 crore
C) Rs 1.05 crore and Rs 1 crore
D) Rs 4.05 crore and Rs 4 crore
E) None of these
Answer – C) Rs 1.05 crore and Rs 1 crore
Explanation:
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.05 crore and Rs 1 crore on Kotak Mahindra Bank and IndusInd Bank respectively.
Question 8) Which among the following states has received an in-principle nod from the Centre for a $300 million (approximately ₹2,100 crore) school education project?
A) Madhya Pradesh
B) Gujarat
C) Maharashtra
D) Odisha
E) Chhattisgarh
Answer – E) Chhattisgarh
Explanation:
Chhattisgarh has received an in-principle nod from the Centre for a $300 million (approximately ₹2,100 crore) school education project.
Question 9) Which among the following bodies has published ‘The 2021 Global Findex Report’?
A) World Bank
B) IMF
C) New Development Bank
D) Asian Development Bank
E) None of these
Answer – A) World Bank
Explanation:
World Bank recently published ‘The 2021 Global Findex Report’
Question 10) External Commercial Borrowing (ECB) limit under the automatic route is increased from $750 million or its equivalent per financial year to _____
A) $2.5 billion
B) $1.5 billion
C) $3.5 billion
D) $4.5 billion
E) None of these
Answer – B) $1.5 billion
Explanation:
External Commercial Borrowing (ECB) limit under the automatic route is increased from $750 million or its equivalent per financial year to $1.5 billion.
Question 11) Which among the following has released the ‘Financial Stability Report’?
A) World Bank
B) RBI
C) NITI Aayog
D) IMF
E) None of these
Answer – B) RBI
Explanation:
RBI has recently published the ‘Financial Stability Report’.
Question 12) A 3-day “Grand Hackathon” organised by the Open Network for Digital Commerce (ONDC) in collaboration with ______, has been launched virtually by Union Minister Piyush Goyal.
A) RBI
B) NABARD
C) SEBI
D) SIDBI
E) None of these
Answer – B) NABARD
Explanation:
A 3-day “Grand Hackathon” organised by the Open Network for Digital Commerce (ONDC) in collaboration with NABARD, has been launched virtually by Union Minister Piyush Goyal.
NABARD:
Founded: 12 July 1982
Headquarters: Mumbai
Agency executive: Harsh Kumar Bhanwala
Question 13) IRDAI and ___ will develop a National Health Claims Exchange as a digital platform to settle health claims.
A) ESIC
B) LIC
C) NHA
D) NIA
E) None of these
Answer – C) NHA
Explanation:
Insurance Regulatory and Development Authority(IRDAI) and National Health Authority (NHA) will develop a National Health Claims Exchange as a digital platform to settle health claims.
Insurance Regulatory and Development Authority (IRDAI):
Founded: 1999
Sector: Insurance
Headquarters: Hyderabad
Type: Statutory corporation
Chairperson: Debasish Panda
Question 14) The Ministry of Home Affairs (MHA) has amended the Foreign Contribution Regulation Act (FCRA) rules. It allows Indians to receive up to ____ annually from relatives staying abroad without informing the government.
A) ₹15 lakhs
B) ₹10 lakhs
C) ₹20 lakhs
D) ₹25 lakhs
E) Jio Payment Bank
Answer – B) ₹10 lakhs
Explanation:
The Ministry of Home Affairs (MHA) has amended the Foreign Contribution Regulation Act(FCRA) rules which allows Indians to receive up to ₹10 lakhs annually from relatives staying abroad without informing the government.
Question 15) Which among the following has released a report titled ‘India’s Booming Gig and Platform Economy’ recently?
A) World Bank
B) RBI
C) NITI Aayog
D) IMF
E) None of these
Answer – C) NITI Aayog
Explanation:
NITI Aayog has released a report titled ‘India’s Booming Gig and Platform Economy’ recently.
Question 16) The Appointments Committee of the Cabinet (ACC) has approved a government resolution for establishing the Financial Services Institutions Bureau (FSIB) to replace the ________
A) BBB
B) FATF
C) IBA
D) IFCI
E) None of these
Answer – A) BBB
Explanation:
The Appointments Committee of the Cabinet (ACC) has approved a government resolution for establishing the Financial Services Institutions Bureau (FSIB) to replace the Banks Board Bureau (BBB).
Question 17) The Defence Ministry has approved ______ to provide financial services in overseas procurement.
A) HDFC Bank
B) ICICI Bank
C) Axis Bank
D) All of these
E) None of these
Answer – D) All of these
Explanation:
The Ministry of Defence has approved three Private Sector Banks (PSBs), namely HDFC Bank Ltd., ICICI Bank and Axis Bank, to provide financial services in overseas procurement.
Question 18) Which among the following insurance companies has launched India’s first mobile telematics-based motor insurance?
A) New India Assurance
B) National Insurance Company
C) Edelweiss General Insurance Co.Ltd.
D) Future Generali India Insurance Co.Ltd.
E) None of these
Answer – C) Edelweiss General Insurance Co.Ltd.
Explanation:
Edelweiss General Insurance Co.Ltd – India’s first mobile telematics-based motor insurance.
Question 19) Which among the following companies has partnered with cross-border education payment services platform “EasyTransfer” to offer international payments services?
A) Razorpay
B) PayU
C) Infibeam
D) Cashfree Payments
E) None of these
Answer – D) Cashfree Payments
Explanation:
Fintech firm, “Cashfree Payments” recently tied up with “EasyTransfer”, a cross-border education payment services platform headquartered in Singapore to provide an easier, faster, and cheaper platform to Indian students for making fee payments at educational institutions and universities abroad.
Question 20) Securities and Exchange Board of India(SEBI) has extended the deadline for the introduction of Demat Debit and Pledging Instruction (DDPI) system to _______
A) August 1 2022
B) September 1 2022
C) October 1 2022
D) December 1 2022
E) None of these
Answer – B) September 1 2022
Explanation:
Securities and Exchange Board of India(SEBI) has extended the deadline for the introduction of Demat Debit and Pledging Instruction (DDPI) system to Sept. 1, 2022.
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Summary
This blog update comprises Banking Awareness questions that have an excellent chance of being asked in Probationary Officer and Clerk recruitment exams. So, make sure you not only memorize the important points but also prepare notes for quick revision before the exam.