By admin 15 August 2023 , , , , , ,

Banking Awareness MCQ by Best Bank Online Coaching

Well known for offering the Best Bank Online Coaching Classes, Vidya Guru facilitates students’ learning by publishing quality preparatory material. This material is offered to all Competitive Exam aspirants in the form of periodic MCQ quizzes using which they can assess their level of preparedness. Apart from it, these quizzes prove to be a wonderful resource for revision during the last leg of preparation before any exam.

1) Which among the following has launched a “Money Saver Export Account” for Indian exporters to save 50% in bank transfers?
A) Paypal
B) Paytm
C) Razorpay
D) PayU
E) None of these
Answer – C) Razorpay
Explanation:
Razorpay has launched a “Money Saver Export Account” for Indian exporters to save 50% in bank transfers. The Razorpay Money Saver Export Account allows merchants to receive international payments with ease through wire transfers such as ACH, SWIFT, SEPA, BACS, and Fedwire.

2) Which among the following banks has launched a Non Resident SB Account “NRE Eve+” for NRI women?
A) HDFC Bank
B) Federal Bank
C) ICICI Bank
D) Axis Bank
E) None of these
Answer – B) Federal Bank
Explanation:
Federal Bank has launched a Non Resident SB Account “NRE Eve+” for NRI women.

3) Which among the following banks has partnered with Dvara KGFS for co-lending loans to micro enterprises?
A) Federal Bank
B) ICICI Bank
C) HDFC Bank
D) Axis Bank
E) None of these
Answer – C) HDFC Bank
Explanation:
HDFC Bank has entered into a co-lending partnership with Dvara KGFS, a Chennai-based NBFC to provide capital to micro businesses.

4) As per the list “2023 Greenwich Share and Quality Leaders in Indian Large Corporate & Middle Market Banking” released by Coalition Greenwich, _______ has topped among 3 categories.
A) Federal Bank
B) ICICI Bank
C) HDFC Bank
D) Axis Bank
E) None of these
Answer – C) HDFC Bank
Explanation:
As per the list “2023 Greenwich Share and Quality Leaders in Indian Large Corporate & Middle Market Banking” released by Coalition Greenwich, HDFC Bank has topped among 3 categories.

5) Which among the following banks has partnered with technology company IBM India to co-create a state-of-the-art Digital Business Platform.?
A) IOB
B) PNB
C) UBI
D) SBI
E) None of these
Answer – C) UBI
Explanation:
Indian public sector bank, Union Bank of India (UBI) has partnered with technology company IBM India to co-create a state-of-the-art Digital Business Platform.

6) The World Bank has issued an official approval for the _______to join the International Committee on Credit Reporting (ICCR).
A) Bank of Algeria
B) Bank of Albania
C) Bank of Israel
D) Bank of Canada
E) None of these
Answer – C) Bank of Israel
Explanation:
The World Bank has issued an official approval for the Bank of Israel to join the International Committee on Credit Reporting (ICCR).

7) Who among the following asset management companies has launched its charity fund for cancer cure in partnership with the Indian Cancer Society (ICS)?
A) Nippon India Mutual Fund
B) HDFC Mutual Fund
C) SBI Mutual Fund
D) ICICI Prudential Mutual Fund
E) None of these
Answer – B) HDFC Mutual Fund
Explanation:
HDFC Mutual Fund has launched HDFC Charity Fund for Cancer Cure in partnership with the Indian Cancer Society (ICS) for the treatment of underprivileged cancer patients.

8) Which among the following banks has launched “Resources Acquisition Centres”?
A) Indian Bank
B) Canara Bank
C) HDFC Bank
D) ICICI Bank
E) None of these
Answer – A) Indian Bank
Explanation:
Indian Bank has launched “Resources Acquisition Centres” to build up its deposit portfolio and provide relationship banking services to its high-value clients.

9) Which among the following banks has partnered with Amul to offer financial services to federation’s supply network pan-India under the MUDRA scheme?
A) PNB
B) IOB
C) SBI
D) UBI
E) None of these
Answer – A) PNB
Explanation:
Punjab National Bank (PNB) has partnered with Gujarat Cooperative Milk Marketing Federation Limited (GCMMFL), better known as Amul, to offer financial services to federation’s supply network pan-India under the MUDRA scheme.

10) Which among the following has introduced UPI LITE for faster and small value transactions?
A) CRED
B) Freecharge
C) Google Pay
D) Phonepe
E) None of these
Answer – C) Google Pay
Explanation:
Google Pay has introduced UPI LITE for faster and small Value transactions. UPI LITE will enable users to make fast, one-click UPI transactions without UPI PIN, up to ₹200.

11) Which among the following banks has become the first to offer interoperability between CBDC and UPI?
A) Federal Bank
B) Axis Bank
C) HDFC Bank
D) ICICI Bank
E) None of these
Answer – C) HDFC Bank
Explanation:
HDFC Bank has become the first to offer interoperability between the Central Bank Digital Currency (CBDC) and United Payment Interface (UPI).

12) _________ has collaborated with Amazon web Services (AWS) India and Chiratae Ventures for a 45-day fintech accelerator program called ‘inFINity’ for early-stage fintech startups in India.
A) Paytm
B) Pine Labs
C) PayU
D) Billdesk
E) None of these
Answer – C) PayU
Explanation:
PayU has collaborated with Amazon web Services (AWS) India and Chiratae Ventures for a 45 – day fintech accelerator program called ‘inFINity’ for early-stage fintech startups in India.

13) Which among the following small finance banks has launched “The Great Indian FD Fest” campaign?
A) Ujjivan Small Finance Bank
B) Fincare Small Finance Bank
C) AU Small Finance Bank
D) Jana Small Finance Bank
E) None of these
Answer – B) Fincare Small Finance Bank
Explanation:
Fincare Small Finance Bank has launched “The Great Indian FD Fest” campaign featuring brand ambassador Viswanathan Anand.

14) Which among the following banks has collaborated with Club Vistara and Master card to introduce a travel credit card?
A) IndusInd Bank
B) RBL Bank
C) IDFC First Bank
D) IDBI Bank
E) None of these
Answer – C) IDFC First Bank
Explanation:
IDFC First Bank has collaborated with Club Vistara and Master Card to introduce a travel credit card to enhance travel experiences for cardholders.

15) Bajaj Allianz General Insurance Company has hosted the first ever General Insurance Festival of India (GIFI) in _______
A) Goa
B) Hyderabad
C) Pune
D) Mumbai
E) None of these
Answer – C) Pune
Explanation:
Bajaj Allianz General Insurance Company has hosted the first ever General Insurance Festival of India (GIFI) in Pune.

16) Which among the following life insurance companies has won Insurer Innovation Award 2023 at the World’s Digital Insurance Awards?
A) Life Insurance Corporation
B) Bajaj Allianz Life Insurance
C) HDFC Life Insurance
D) Max Life Insurance
E) None of these
Answer – B) Bajaj Allianz Life Insurance
Explanation:
Bajaj Allianz Life Insurance has won “Insurer Innovation Award 2023” at the World’s Digital Insurance Awards.

17) Which among the following companies has launched a new Point-of-Sale (POS) device that enables merchants to accept payments through Debit Cards, Credit Cards, and UPI.?
A) PayU
B) CRED
C) PhonePe
D) Freecharge
E) None of these
Answer – C) PhonePe
Explanation:
PhonePe has launched a new Point-of-sale (POS) device that enables Indian merchants to accept payments via debit cards, credit cards and UPI.

18) Which among the following banks has partnered with Flipkart to offer personal loans to attract new customers?
A) ICICI Bank
B) HDFC Bank
C) Axis Bank
D) Federal Bank
E) None of these
Answer – C) Axis Bank
Explanation:
Axis Bank has partnered with Flipkart to offer personal loans to attract new customers.

19) Which among the following payments banks has collaborated with Park+ to enable FASTag – based smart parking solution at Varanasi airport?
A) Fino Payments Bank
B) India Post Payments Bank
C) Airtel Payments Bank
B) Paytm Payments Bank
E) None of these
Answer – C) Airtel Payments Bank
Explanation:
Airtel Payments Bank has collaborated with Park+ to enable FASTag – based smart parking solution at Varanasi airport.

20) Education financing startup,_______has procured a non-banking financial company (NBFC) licence from RBI to disburse loans worth Rs.2000 crore by FY24.
A) edtech
B) Propelld
C) Leap Finance
B) Eduvanz
E) None of these
Answer – B) Propelld
Explanation:
Education financing startup Propelld has procured a NBFC licence from RBI to disburse loans worth Rs.2000 crore by Fy24.