Banking Awareness MCQ by Top Bank Coaching Institute in Delhi

Candidates taking the Bank PO Exam conducted by the recruitment bodies are expected to understand every aspect of current affairs completely. For applicants to do well in such exams, reading a basic book of current affairs and newspapers is insufficient. They need the best bank PO coaching in Delhi who can serve as a mentor and lead through the complexity of current affairs and explain the fundamental ideas by connecting them to regular occurrences in the nation.

1) Which among the following banks has launched Whatsapp banking services in collaboration with Airtel?
A) Fino Payments Bank
B) Jio Payments Bank
C) India Post Payments Bank
D) Paytm Payments Bank
E) None of these
Answer – C) India Post Payments Bank
Explanation:
India Post Payments Bank has launched Whatsapp banking services in collaboration with Airtel.

2) Which among the following banks has signed an MoU with Godrej Capital to offer banking products and services?
A) CUB
B) PNB
C) SBI
D) UBI
E) None of these
Answer – C) SBI
Explanation:
SBI has signed an MoU with Godrej Capital to offer banking products and services.

3) Which among the following companies has partnered with NITI Aayog’s Women Entrepreneurship Platform (WEP) to support women entrepreneurs in the country?
A) Phonepe
B) BharatPe
C) Paytm
D) CRED
E) None of these
Answer – B) BharatPe
Explanation:
BharatPe has partnered with NITI Aayog’s Women Entrepreneurship Platform (WEP) to support women entrepreneurs in the country.

4) Which among the following companies has partnered with SKALEUP, the digital technology services arm of Bajaj Finserv Direct, to develop a D2C (Direct-to-Customer) instant loan application?
A) HDB Financial Services
B) Ambit Finvest
C) Bajaj Finserv
D) Power Finance Corporation Limited
E) None of these
Answer – B) Ambit Finvest
Explanation:
Ambit Finvest has partnered with SKALEUP, the digital technology services arm of Bajaj Finserv Direct Limited, to develop a D2C (Direct-to-Customer) instant loan application.

5) Which among the following Payments Bank has renewed its association with Rajasthan Royals (RR) for the season 16 of IPL?
A) Fino Payments Bank
B) Jio Payments Bank
C) India Post Payments Bank
D) Paytm Payments Bank
E) None of these
Answer – A) Fino Payments Bank
Explanation:
Fino Payments Bank has renewed its association with Rajasthan Royals (RR) for the season 16 of IPL.

6) Which among the following banks has introduced the premium payroll package for its account holders?
A) IOB
B) UBI
C) Canara Bank
D) SBI
E) None of these
Answer – C) Canara Bank
Explanation:
Canara Bank has introduced the premium payroll package for its account holders.

7) Which among the following companies has launched the new consumer – facing application “Pincode”?
A) Phonepe
B) BharatPe
C) Paytm
D) CRED
E) None of these
Answer – A) Phonepe
Explanation:
Phonepe has launched the new consumer-facing application “Pincode”.

8) Which among the following banks has launched India’s first pocket – sized swipe machine “Micro Pay” for accepting digital payments?
A) ICICI Bank
B) Axis Bank
C) Federal Bank
D) HDFC Bank
E) None of these
Answer – B) Axis Bank
Explanation:
Axis Bank has launched India’s first pocket-sized swipe machine “Micro Pay” for accepting digital Payments.

9) Which among the following banks has launched its investment solution, “digi portfolio” for seamless investment portfolio management?
A) ICICI Bank
B) DBS Bank
C) Federal Bank
D) Axis Bank
E) None of these
Answer – B) DBS Bank
Explanation:
DBS Bank India has launched its investment solution, “digi portfolio” for seamless investment portfolio management.

10) Japanese lender, Japan International Cooperation Agency (JICA) has teamed up with CitiBank to provide a USD 125 million funding line to _____
A) Federal Bank
B) Indusind Bank
C) Axis Bank
D) Yes Bank
E) None of these
Answer – B) Indusind Bank
Explanation:
Japanese lender, Japan International Cooperation Agency (JICA) has teamed up with CitiBank to provide a USD 125 Million funding line to Indusind Bank.

11) Which among the following banks has opened its first dedicated branch for startups in Pune, Maharashtra?
A) IOB
B) UBI
C) BOM
D) PNB
E) None of these
Answer – C) BOM
Explanation:
The Bank of Maharashtra (BOM) has opened its first dedicated branch for startups in Pune, Maharashtra.

12) Which among the following banks has tied up with NBBL to launch cross – border inward bill payment services for Indians based in Oman?
A) Indian Bank
B) UBI
C) IOB
D) Canara Bank
E) None of these
Answer – D) Canara Bank
Explanation:
Canara Bank has tied up with NPCI Bharat BillPay Limited (NBBL) to launch cross-border inward bill payment services for Indians based in Oman.

13) Which among the following banks has signed a “Master Inter Bank Credit Agreement” with Export Import Bank of Korea for a USD 300 Million line of Credit?
A) Axis Bank
B) Yes Bank
C) HDFC Bank
D) ICICI Bank
E) None of these
Answer – C) HDFC Bank
Explanation:
HDFC Bank has signed a “Master Inter Bank Credit Agreement” with Export Import Bank of Korea for a USD 300 million line of credit.

14) Which among the following banks has introduced an EMI facility for UPI payments made by scanning a QR code?
A) Axis Bank
B) ICICI Bank
C) Yes Bank
D) Federal Bank
E) None of these
Answer – B) ICICI Bank
Explanation:
ICICI Bank has introduced an EMI facility for UPI payments made by scanning a QR code.

15) Which among the following companies has partnered with Agri-tech company Fasal to help farmers with easy access to loans?
A) IOB
B) UBI
C) SBI
D) PNB
E) None of these
Answer – C) SBI
Explanation:
SBI has partnered with Agri-tech company Fasal to help farmers with easy access to loans.

16) Which among the following has funded the Animal Health System Support for One Health (AHSSOH) project?
A) IMF
B) World Bank
C) ADB
D) NDB
E) None of these
Answer – B) World Bank
Explanation:
The World Bank has funded the Animal Health System Support for One Health (AHSSOH) project.

17) Which among the following banks has become the first Indian company to have over 50 lakh shareholders?
A) Federal Bank
B) Karnataka Bank
C) Yes Bank
D) ICICI Bank
E) None of these
Answer – C) Yes Bank
Explanation:
Yes Bank has become the first Indian company to have over 50 lakh shareholders.

18) Sekhar Rao has been appointed as interim Managing Director and CEO of _________
A) Yes Bank
B) Karnataka Bank
C) Federal Bank
D) ICICI Bank
E) None of these
Answer – B) Karnataka Bank
Explanation:
Sekhar Rao has been appointed as interim Managing Director and CEO of Karnataka Bank.

19) Which among the following banks has reintroduced the retail term deposit scheme ‘Amrit Kalash’ of 400 days tenure at 7.10% interest rate?
A) PNB
B) UBI
C) SBI
B) IOB
E) None of these
Answer – C) SBI
Explanation:
SBI has reintroduced the retail term deposit scheme ‘Amrit Kalash’ of 400 days tenure at 7.10% interest rate for regular people and 7.60% for elderly citizens. The reintroduced scheme is valid from April 12, 2023 to June 30, 2023.

20) Who among the following persons has been appointed as the new Executive Director (ED) of RBI?
A) Lily Vadera
B) Y. C. Deveshwar
C) Neeraj Nigam
B) Rabi N. Mishra
E) None of these
Answer – C) Neeraj Nigam
Explanation:
Neeraj Nigam has been appointed as the new Executive Director (ED) of RBI.

21) Which among the following banks has collaborated with Chennai Metro Rail Limited (CMRL) for the National Common Mobility Card or Singara Chennai Card?
A) PNB
B) UBI
C) SBI
D) IOB
E) None of these
Answer – C) SBI
Explanation:
SBI has collaborated with Chennai Metro Rail Limited (CMRL) for the National Common Mobility Card(NCMC) or Singara Chennai Card.

22) Which among the following banks has become the country’s first commercial bank to connect with the Bharat Bill Payment System (BBPS) and deliver bill payment services via video banking?
A) Ujjivan Small Finance Bank
B) Suryoday Small Finance Bank
C) Equitas Small Finance Bank
D) AU Small Finance Bank
E) None of these
Answer – D) AU Small Finance Bank
Explanation:
AU Small Finance Bank has become the country’s first commercial bank to connect with the Bharat Bill Payment System (BBPS) and deliver bill payment services via video banking.

23) Which among the following banks has entered into a $100 million long – term loan agreement with the Japan Bank for International Cooperation (JBIC) to foster the growth of Japanese construction equipment companies in India?
A) Axis Bank
B) Indusind Bank
C) Yes Bank
D) Federal Bank
E) None of these
Answer – B) Indusind Bank
Explanation:
Indusind Bank has entered into a $100 million long – term loan agreement with the Japan Bank for International Cooperation (JBIC) to foster the growth of Japanese construction equipment companies in India.

24) Which among the following banks has entered into a Banking Correspondent agreement with agri fintech start-up KiVi?
A) Axis Bank
B) Indusind Bank
C) Yes Bank
D) Federal Bank
E) None of these
Answer – D) Federal Bank
Explanation:
Federal Bank has entered into a Banking Correspondent agreement with Chennai-based agri fintech start-up KiVi.

25) The RBI has approved the appointment of Kaizad Bharucha as Deputy Managing Director and Bhavesh Zaveri as Executive Director of the ______ for three years.
A) Axis Bank
B) Indusind Bank
C) HDFC Bank
D) Federal Bank
E) None of these
Answer – C) HDFC Bank
Explanation:
The RBI has approved the appointment of Kaizad Bharucha as Deputy Managing Director and Bhavesh Zaveri as Executive Director of the HDFC Bank for three years.

26) Which among the following banks has launched the country’s first voice biometric authentication for logging into its mobile banking.?
A) PNB
B) IOB
C) CUB
D) SBI
E) None of these
Answer – C) CUB
Explanation:
The City Union Bank has launched the country’s first voice biometric authentication for logging into its mobile banking.

27) Who among the following persons has been appointed as the Chief Technology Officer(CTO) of National Payments Corporation of India (NPCI)?
A) Shyam Srinivasan
B) Sashidhar Jagadishan
C) Vishal Anand Kanvaty
D) Prakash Apte
E) None of these
Answer – C) Vishal Anand Kanvaty
Explanation:
Vishal Anand Kanvaty has been appointed as the Chief Technology Officer(CTO) of the National Payments Corporation of India (NPCI).

28) Which among the following banks has introduced SEAFARER and PULSE, two flexible savings accounts for NRI customers?
A) Axis Bank
B) South Indian Bank
C) Yes Bank
D) Federal Bank
E) None of these
Answer – B) South Indian Bank
Explanation:
South Indian Bank (SIB) has introduced SEAFARER and PULSE, two flexible savings accounts for NRI customers.

29) Which among the following banks has signed Indian Cricketer Virat Kohli as their Brand Influencer in India?
A) Citibank
B) HSBC India
C) Standard Chartered
D) BNP Paribas
E) None of these
Answer – B) HSBC India
Explanation:
HSBC India has signed Indian Cricketer Virat Kohli as their Brand Influencer in India.

30) Which among the following payment companies has collaborated with M1xchange for a digital invoice discounting solution for FPOs, MSMEs?
A) Capital One
B) Mastercard
C) VISA
D) American Express
E) None of these
Answer – B) Mastercard
Explanation:
Mastercard has collaborated with M1xchange for a digital invoice discounting solution for FPOs, MSMEs.

31) Which among the following countries has introduced a gold backed digital currency?
A) Uganda
B) Kenya
C) Zimbabwe
D) Tanzania
E) None of these
Answer – C) Zimbabwe
Explanation:
Zimbabwe has introduced a gold backed digital currency.

32) Shreekant M Bhandiwad has become the new Chairman of _______
A) SHGB
B) APGB
C) AGVB
D) KVGB
E) None of these
Answer – D) KVGB
Explanation:
Shreekant M Bhandiwad – new Chairman of Karnataka Vikas Grameena Bank (KVGB)

33) Which among the following has obtained a NBFC licence from the RBI?
A) Freo
B) Fi Money
C) Jupiter
D) InstantPay
E) None of these
Answer – C) Jupiter
Explanation:
Jupiter, a neo-banking startup has obtained a Non-Banking Finance Company (NBFC) licence from the RBI.

34) Which among the following banks has opened its fourth branch exclusively for startups in Mumbai’s BKC area?
A) IOB
B) SBI
C) PNB
D) UBI
E) None of these
Answer – B) SBI
Explanation:
SBI has opened its fourth branch exclusively for startups in Mumbai’s BKC area.

35) Which among the following banks has partnered with the Reserve Bank Innovation Hub (RBIH) to launch a new customer-friendly service called “Digitalised Submission of Form 15G/15H”?
A) SBI
B) UBI
C) Canara Bank
D) PNB
E) None of these
Answer – C) Canara Bank
Explanation:
Canara Bank has partnered with the Reserve Bank Innovation Hub (RBIH) to launch a new customer-friendly service called “Digitalised Submission of Form 15G/15H”

36) Which among the following banks has been granted permission by the RBI to act as an authorised dealer in foreign exchange?
A) Ujjivan Small Finance Bank
B) Suryoday Small Finance Bank
C) Equitas Small Finance Bank
D) AU Small Finance Bank
E) None of these
Answer – D) AU Small Finance Bank
Explanation:
AU Small Finance Bank has been granted permission by the RBI to act as an authorised dealer in foreign exchange

37) “RBI Foundation Day” is observed on ________
A) April 1
B) April 2
C) April 3
D) April 4
E) None of these
Answer – A) April 1
Explanation:
RBI Foundation Day – April 1.

38) Which among the following banks has planned to introduce a new savings account called “Parivar” (Family) account?
A) PNB
B) SBI
C) UBI
D) IOB
E) None of these
Answer – B) SBI
Explanation:
SBI has planned to introduce a new savings account called “Parivar” (Family) account.

39) RBI has planned to introduce a new secured web-based portal called _______ aimed at simplifying and streamlining the application process?
A) BAHANA
B) SARAKANA
C) PRAVAH
B) DHARA
E) None of these
Answer – C) PRAVAH
Explanation:
RBI has planned to introduce a new secured web-based portal called PRAVAH aimed at simplifying and streamlining the application process.

40) RBI has approved the reappointment of N Kamakodi as MD and CEO of ______
A) PNB
B) IOB
C) CUB
B) SBI
E) None of these
Answer – C) CUB
Explanation:
RBI has approved the reappointment of N Kamakodi as MD and CEO of City Union Bank.

Conclusion

In today’s contemporary environment, current affairs are a component of all competitive exams. This can include a wide range of topics, including administrative news, election results, sports game results, etc. The questions posed may be related to recent or on-going events occurring around us. Most competitive exams like Bank PO include a sizable portion of it. Hence, like always we are here to help you with the most recent current affairs questionnaire created by our expert mentors who have in-depth understanding and years of experience in teaching students with big dreams. We hope you are making full use of these regular questionnaires posted on our website. For more help and guidance write to us at vidyagurudelhi@gmail.com