Banking Awareness MCQ by Best Bank Coaching Institute in Delhi

With a view to help candidates crack the Banking GK Questions in the General Awareness section of upcoming Bank exams, faculty members from Vidya Guru Institute have compiled a Quiz based on significant events of the past few days.

1) Which among the following companies has become India’s first general insurance company to accept CBDC e-Rupee for premium payments?
A) Bajaj Allianz General Insurance
B) Cholamandalam MS General Insurance
C) Reliance General Insurance
D) HDFC ERGO General Insurance Company
E) None of these
Answer – C) Reliance General Insurance
Explanation:
Reliance General Insurance has become India’s first general insurance company to accept CBDC e-Rupee for premium payments.

2) Who among the following persons has been appointed as the chairperson of LIC till June 29,2024?
A) Nitesh Bansal
B) Ashwani Kumar
C) Rajneesh Karnatak
D) Siddhartha Mohanty
E) None of these
Answer – D) Siddhartha Mohanty
Explanation:
Siddhartha Mohanty has been appointed as the chairperson of LIC till June 29, 2024.

3) Who among the following persons has been appointed as the new MD & CEO of Bank of Baroda (BOB)?
A) Nitesh Bansal
B) Ashwani Kumar
C) Rajneesh Karnatak
D) Siddhartha Mohanty
E) None of these
Answer – C) Rajneesh Karnatak
Explanation:
Rajneesh Karnatak – MD & CEO of BOB.

4) Which among the following has entered into partnership with digital payments infrastructure provider (PPRO) to facilitate global e-commerce payments through UPI?
A) Razorpay
B) BillDesk
C) NPCI International Payments
D) Paytm
E) None of these
Answer – C) NPCI International Payments
Explanation:
NPCI International Payments, a wholly-owned subsidiary of National Payments Corporation of India (NPCI) has entered into partnership with digital payments infrastructure provider PPRO to facilitate global e-commerce payments through UPI.

5) Which among the following banks has launched the Digital Distribution Platform (DDP)?
A) Axis Bank
B) Indusind Bank
C) HDFC Bank
D) Federal Bank
E) None of these
Answer – C) HDFC Bank
Explanation:
HDFC Bank has launched Digital Distribution Platform (DDP) – “HDFC Bank Smart Saathi”

6) Which among the following states has topped in the list of states with highest market borrowings?
A) West Bengal
B) Gujarat
C) Tamil Nadu
D) Telangana
E) None of these
Answer – C) Tamil Nadu
Explanation:
Tamil Nadu has topped in the list of states with highest market borrowings.

7) Which among the following Small Finance Banks has partnered with grain commerce platform Arya.ag to finance small farmers against warehouse receipt?
A) Equitas Small Finance Bank
B) Jana Small Finance Bank
C) Ujjivan Small Finance Bank
D) Shivalik Small Finance Bank
E) None of these
Answer – D) Shivalik Small Finance Bank
Explanation:
Shivalik Small Finance Bank has partnered with grain commerce platform Arya.ag to finance small farmers against warehouse receipt.

8) Which among the following Small Finance Banks has entered into a strategic partnership with Dvara SmartGold to offer gold loans?
A) Equitas Small Finance Bank
B) Jana Small Finance Bank
C) Ujjivan Small Finance Bank
D) Shivalik Small Finance Bank
E) None of these
Answer – B) Jana Small Finance Bank
Explanation:
Jana Small Finance Bank has entered into a strategic partnership with Dvara SmartGold to offer gold loans.

9) Which among the following banks has partnered with Cashfree Payments to offer “Global Collections”?
A) HDFC Bank
B) Yes Bank
C) Axis Bank
D) ICICI Bank
E) None of these
Answer – B) Yes Bank
Explanation:
Yes Bank has partnered with Cashfree Payments to offer “Global Collections” an international collection service for exporters.

10) Which among the following banks has partnered with Pine Labs to enable payments using Digital Rupee?
A) HDFC Bank
B) Yes Bank
C) Axis Bank
D) ICICI Bank
E) None of these
Answer – D) ICICI Bank
Explanation:
ICICI Bank has partnered with Pine Labs to enable payments using Digital Rupee.

11) Which among the following banks has partnered with India Shelter Finance Corporation Limited to offer secured MSME loans to middle and low-income borrowers in semi-urban areas.?
A) HDFC Bank
B) Axis Bank
C) ICICI Bank
D) Yes Bank
E) None of these
Answer – B) Axis Bank
Explanation:
Axis Bank and India Shelter Finance Corporation Ltd (India Shelter) have signed a strategic partnership under the co-lending model to offer secured MSME loans to middle and low-income borrowers in semi-urban areas.

12) Which among the following banks has launched a retail banking programme ‘Vishesh’ to onboard around 1 lakh new customers?
A) HDFC Bank
B) Axis Bank
C) ICICI Bank
D) Yes Bank
E) None of these
Answer – A) HDFC Bank
Explanation:
HDFC Bank has launched a retail banking programme ‘Vishesh’ to onboard around 1 lakh new customers.

13) Which among the following banks has launched Solar Financing Programme to aid MSMEs?
A) HDFC Bank
B) Axis Bank
C) ICICI Bank
D) Yes Bank
E) None of these
Answer – D) Yes Bank
Explanation:
YES Bank has launched a solar installation financing scheme for Micro, Small and Medium Enterprises (MSME) manufacturers called YES KIRAN.

14) Which among the following companies has launched CVV-free tokenized transactions for domestic payments in India.?
A) Mastercard
B) American Express
C) Capital One
D) Visa
E) None of these
Answer – D) Visa
Explanation:
Visa has launched CVV-free tokenized transactions for domestic payments in India.

15) The Reserve Bank of India has imposed a penalty of ______ on Canara Bank for Violating Various norms.
A) 2.91 crore
B) 2.82 crore
C) 2.92 crore
D) 2.76 crore
E) None of these
Answer – C) 2.92 Crore
Explanation:
The Reserve Bank of India has imposed a penalty of 2.92 crore on Canara Bank for Violating Various norms.

16) Which among the following organisations will organise the first-ever Greenwashing TechSprint?
A) IFC
B) IMF
C) GFIN
D) WFG
E) None of these
Answer – C) GFIN
Explanation:
RBI will be among 13 international regulators to take part in the Global Financial Innovation Network (GFIN)’s first ever Greenwashing TechSprint.

17) Who among the following persons will head the five-member expert committee set up by the IRDAI for matters related to mental health and insurance?
A) Dr. Vinod Babu
B) Dr. Y S Ravikumar
C) Dr. Pratima Murthy
D) Dr. L. Sreenivasamurthy
E) None of these
Answer – C) Pratima Murthy
Explanation:
Pratima Murthy will head the five-member expert committee set up by the IRDAI for matters related to mental health and insurance.

18) Which among the following companies has replaced BharatPe as the global sponsor of the International Cricket Council (ICC)?
A) Mastercard
B) American Express
C) Capital One
D) Visa
E) None of these
Answer – A) Mastercard
Explanation:
Mastercard has replaced BharatPe as the global sponsor of the International Cricket Council (ICC).

19) Exchange of Rs. 2000 bank notes into other denominations can be made up to a limit of ________ at a time at any bank starting from May 23,2023.
A) Rs.30,000
B) Rs.50,000
C) Rs.20,000
B) Rs.10,000
E) None of these
Answer – C) Rs.20,000
Explanation:
Exchange of Rs. 2000 bank notes into other denominations can be made up to a limit of Rs.20,000 at a time at any bank starting from May 23, 2023.

20) All banks will provide deposit or exchange facility for Rs.2000 bank notes until _______
A) December 31, 2023
B) October 31, 2023
C) September 30, 2023
B) November 30, 2023
E) None of these
Answer – C) September 30, 2023
Explanation:
All banks will provide deposit or exchange facility for Rs.2000 bank notes until September 30, 2023.