By admin 26 May 2022 , , , , , ,

Top Banking Awareness Quiz by Bank PO Online Classes

Inclusion of Banking Awareness questions makes the GK section of IBPS, SBI and RBI exams distinct from that of other Govt. Job examinations. These questions are focused specifically on developments shaping up in the Banking and Financial Services industry. Students, in general, find such questions somewhat challenging. The dearth of reliable resources on the subject further complicates the matter.

Well known for offering the Best Bank Exam Online Coaching Classes in India, Vidya Guru has taken the onus of easing the burden of students. Our subject matter experts release quality Videos on YouTube which cover Banking Awareness along with Current Affairs. Apart from it, they publish excellent preparatory material in the form of MCQ quizzes. The purpose of these quizzes is two-fold: (I) assessment of your learning and (II) last round revision before the exam.

So, let’s get started!

Banking Awareness Quiz

Question 1) Airtel Payments Bank has launched the Fixed Deposit (FD) facility in partnership with the ______to offer Fixed Deposits for its customers.
A) IndusInd Bank
B) Jammu & Kashmir Bank
C) Federal Bank
D) CSB Bank
E) Axis Bank
Answer – A) IndusInd Bank
Explanation:
Airtel Payments Bank has launched the Fixed Deposit (FD) facility in partnership with the IndusInd Bank to offer Fixed Deposits for its customers through its Airtel Thanks app.
FD:
Minimum Amount: 500
Maximum Amount: 1.90 lakh
Interest rate: 6.5% and 7% for senior citizens.

Question 2) Which among the following Small Finance Banks has chosen Kyndryl to improve its digital banking adoption among its customers as part of a five-year partnership?
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 – E) Suryoday Small Finance Bank
Explanation:
Suryoday Small Finance Bank (SSFB) has chosen Kyndryl to improve its digital banking adoption among its customers as part of a five-year partnership.

Question 3) Pencilton has launched PencilKey, a ____ based contactless keychain in partnership with NPCI and Transcorp.
A) VISA
B) Master card
C) Rupay
D) American Express
E) None of these
Answer – C) Rupay
Explanation:
Pencilton has launched PencilKey (a National Common Mobility Card (NCMC) compliant RuPay contactless keychain) in partnership with National Payments Corporation of India (NPCI) and Transcorp.

Question 4) NPCI International Payments Ltd(NIPL) has announced that BHIM UPI is now live at NEOPAY terminals, across the ______
A) Australia
B) UK
C) China
D) UAE
E) None of these
Answer – D) UAE
Explanation:
NPCI International Payments Ltd (NIPL), the International arm of the NPCI(National Payment Corporation of India) has announced that BHIM UPI is now live at NEOPAY terminals, across the UAE.

Question 5) SBI Cards has partnered with ______ for digital transformation.
A) Infosys
B) TCS
C) IBM
D) CTS
E) None of these
Answer – B) TCS
Explanation:
SBI Cards has partnered with TCS(Tata Consultancy Services) for digital transformation.

Question 6) Which among the following has partnered with the Telangana government to bring benefits of the digital economy?
A) Walmart
B) Apple
C) Yahoo
D) Amazon
E) Google
Answer – E) Google
Explanation:
Google has partnered with the Telangana government to bring benefits of the digital economy to youth and women entrepreneurs in the state.

Question 7) IRDAI has increased the investment limit by insurance companies to invest in the financial sector to _____
A) 25%
B) 20%
C) 30%
D) 35%
E) None of these
Answer – C) 30%
Explanation:
The IRDAI has increased the investment limit by insurance companies to invest in the financial sector to 30% from the existing 25%

Question 8) The NABARD has disbursed _____ to Odisha during the financial year 2021-22.
A) Rs.32,786 crore
B) Rs.31,786 crore
C) Rs.33,786 crore
D) Rs.34,786 crore
E) None of these
Answer – B) Rs.31,786 crore
Explanation:
The NABARD has disbursed Rs.31,786 crore to Odisha during the financial year 2021-22.

Question 9) Who among the following is the chairperson of the advisory committee on market data of SEBI?
A) Ashish Chauhan
B) Vikram Limaye
C) M S Sahoo
D) G. Mahalingam
E) None of these
Answer – C) M S Sahoo
Explanation:
Securities and Exchange Board of India(SEBI) has restructured its advisory committee on market data. The panel has 21 members and is chaired by M S Sahoo, Professor at National Law University, Delhi and former chairperson of Insolvency and Bankruptcy Board of India (IBBI).

Question 10) Which among the following has approved a loan of around Rs 360 crore to support the GOI initiative ‘Mission Karmayogi’, to enhance the efficiency of government employees?
A) World Bank
B) International Monetary Fund(IMF)
C) New Development Bank (NDB)
D) Asian Development Bank(ADB)
E) None of these
Answer – A) World Bank
Explanation:
The World Bank has approved a loan of around Rs 360 crore to support the GOI initiative ‘Mission Karmayogi’, to enhance the efficiency of government employees

Question 11) Bank of Baroda has launched “BoB World Gold” – a new feature on its BoB World mobile banking platform especially for _____
A) Senior Citizens
B) Women
C) Adult
D) Entrepreneurs
E) None of these
Answer – A) Senior Citizens
Explanation:
Bank of Baroda has launched “BoB World Gold” – a new feature on its BoB World mobile banking platform especially for seniors and the elderly.

Question 12) According to a report by ACI Worldwide, ____ accounted for the largest number of real-time transactions at 48.6 billion in the world in 2021.
A) China
B) Canada
C) UK
D) India
E) None of these
Answer – D) India
Explanation:
According to a report by ACI Worldwide, India accounted for the largest number of real-time transactions at 48.6 billion in the world in 2021.

Question 13) Which among the following has become the first PSB (Public Sector Bank) to go live on AA (Account Aggregator) framework?
A) BOB
B) Indian Bank
C) IOB
D) UBI
E) None of these
Answer – D) UBI
Explanation:
Union Bank of India (UBI) has become the first PSB(Public Sector Bank) to go live on AA(Account Aggregator) framework.

Question 14) Which among the following has secured the global ‘Celent Model Bank’ award under the category – ‘Payments System Transformation’?
A) IndusInd Bank
B) Jammu & Kashmir Bank
C) Federal Bank
D) CSB Bank
E) Axis Bank
Answer – A) IndusInd Bank
Explanation:
Mumbai based IndusInd Bank has secured the global ‘Celent Model Bank’ award under the category – ‘Payments System Transformation’.

Question 15) Which among the following has launched an ‘open-for-all’ digital ecosystem for MSMEs?
A) IndusInd Bank
B) ICICI Bank
C) Federal Bank
D) CSB Bank
E) Axis Bank
Answer – B) ICICI Bank
Explanation:
ICICI Bank has launched an ‘open-for-all’ digital ecosystem for MSMEs.

Question 16) Which among the following is the official digital payments partner for “Pradhanmantri Sangrahalaya”?
A) Phonepe
B) Freecharge
C) Paytm
D) Gpay
E) None of these
Answer – C) Paytm
Explanation:
Paytm has become the authorized digital payments partner of “Pradhanmantri Sangrahalaya”.

Question 17) Who among the following will lead the two separate working groups to streamline the role of mutual fund trustees?
A) Balasubramanian and Manoj Vaish
B) Balasubramanian and M S Sahoo
C) G. Mahalingam and Manoj Vaish
D) Vikram Limaye and Ashish Chauhan
E) None of these
Answer – A) Balasubramanian and Manoj Vaish
Explanation:
Balasubramanian, MD and CEO of Aditya Birla Sun Life AMC and Chairman of AMFI and Manoj Vaish will lead the two separate working groups to streamline the role of mutual fund trustees

Question 18) Which among the following will provide a loan of Rs 7,500 crore for the Gujarat government’s Mission School of Excellence project?
A) World Bank (WB) and Asian Infrastructure Investment Bank (AIIB)
B) International Monetary Fund (IMF) and New Development Bank (NDB)
C) New Development Bank (NDB) and World Bank (WB)
D) Asian Development Bank (ADB) and International Monetary Fund (IMF)
E) None of these
Answer – A) World Bank (WB) and Asian Infrastructure Investment Bank (AIIB)
Explanation:
The World Bank (WB) and the China based Asian Infrastructure Investment Bank (AIIB) will provide a loan of Rs 7,500 Cr. for the Gujarat government’s Mission School of Excellence project which is going to enhance the quality of education in the state.

Question 19) Which among the following is the only state to develop a cooperative bank for dairy farmers?
A) Karnataka
B) Kerala
C) Tamil Nadu
D) Maharashtra
E) None of these
Answer – A) Karnataka
Explanation:
Karnataka Chief Minister Basavaraj Bommai has established a cooperative bank for dairy farmers – “Nandini Ksheera Samruddhi Cooperative Bank”. The logo of “Nandini Ksheera Samurdhi Sahakar Bank” was unveiled by the Union Home Minister, Shri Amit Shah.

Question 20) The GOI has approved the proposal for signing a bilateral MoU between the SEBI and Financial Regulatory Commission of ______
A) Turkmenistan
B) Mongolia
C) Uzbekistan
D) Kyrgyzstan
E) Kazakhstan
Answer – B) Mongolia
Explanation:
The GOI has approved the proposal for signing a bilateral Memorandum of Understanding (MoU) between the Securities and Exchange Board of India (SEBI) and Financial Regulatory Commission of Mongolia.

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Summary
This Banking Awareness practice quiz comprises questions similar to those asked in examinations such as IBPS PO, SBI Clerk, SIDBI Grade A, RBI Assistant, LIC ADO and NICL AO. If you have any questions that you want our faculty members to answer, feel free to write us an e-mail at vidyagurudelhi@gmail.com.