Banking Awareness Quiz by Best Online Bank Coaching Classes

One of the most significant and challenging components of a banking test is banking awareness. The fact that current circumstances are varied in nature is the cause. Candidates who are vying for positions in SBI PO, IBPS PO, RRB, the insurance industry, or even the UPSC exams need to be aware of current events because both the Mains tests and the interview phase include questions on these subjects.

A significant portion of the General Awareness/Knowledge Section is devoted to current events. Candidates can enhance their overall score in the Banking Exams by doing well in preparation and scoring well. On the other hand, becoming ready for current affairs also increases your understanding of local, national, and global events.

The quantity of banking awareness questions is rising yearly, according to analysis of a recent exam by Vidya Guru, the top tutoring facility in Delhi for bank exams. Politics and history-related G.A. questions were present on the Bank PO exam. As a result, it is hard to predict the topics for the current affairs section; consequently, if you want to succeed, being well-prepared is crucial. Put all the confusing techniques away and prepare your current affairs using Vidya Guru instead. Here is a daily quiz about current events.

1) Which among the following banks has announced its collaboration with the Swedish company Crunchfish to launch a pilot project to demonstrate offline retail payments?
A) Indusind Bank
B) IDFC First Bank
C) YES Bank
D) ICICI Bank
E) None of these
Answer – B) IDFC First Bank
Explanation:
IDFC First Bank has announced its collaboration with the Swedish company Crunchfish to launch a pilot project to demonstrate offline retail payments.

2) Which among the following banks has collaborated with National E-Governance Services Limited (NeSL) to issue its first electronic Bank Guarantee (e-BG)?
A) Indusind Bank
B) IDFC First Bank
C) YES Bank
D) ICICI Bank
E) None of these
Answer – C) YES Bank
Explanation:
YES Bank has collaborated with National E-Governance Services Limited (NeSL) to issue its first electronic Bank Guarantee (e-BG).

3) Which among the following banks has launched the Rupay Credit Card through UPI using the BHIM app in collaboration with NPCI?
A) Canara Bank
B) SBI
C) PNB
D) UBI
E) None of these
Answer – A) Canara Bank
Explanation:
Canara Bank has launched the Rupay Credit Card through UPI using the BHIM app in collaboration with NPCI.

4) Which among the following banks has become the official banking partner of the Mumbai Indians.?
A) Indusind Bank
B) IDFC First Bank
C) YES Bank
D) ICICI Bank
E) None of these
Answer – B) IDFC First Bank
Explanation:
IDFC FIRST Bank, a private sector bank in India, has become the official banking partner of the Mumbai Indians.

5) India and _____ have received approval from the Reserve Bank of India (RBI) to utilise their respective national currencies in bilateral trade settlements.
A) Kenya
B) Tanzania
C) Ethiopia
D) UAE
E) None of these
Answer – B) Tanzania
Explanation:
India and Tanzania have received approval from the Reserve Bank of India (RBI) to utilise their respective national currencies in bilateral trade settlements.

6) Reserve Bank of India (RBI) Governor Shaktikanta Das has laid the foundation stone for establishment of a “Greenfield Data Centre” and “Enterprise Computing & Cybersecurity Training Institute” in ______
A) West Bengal
B) Odisha
C) Maharashtra
D) Madhya Pradesh
E) None of these
Answer – B) Odisha
Explanation:
Reserve Bank of India (RBI) Governor Shaktikanta Das has laid the foundation stone for establishment of a “Greenfield Data Centre” and “Enterprise Computing & Cybersecurity Training Institute” in Bhubaneswar, Odisha.

7) RBI has signed an MoU with the Central Bank of _____ for promoting innovation in financial products and services.
A) Kenya
B) Tanzania
C) Ethiopia
D) UAE
E) None of these
Answer – D) UAE
Explanation:
RBI has signed an MoU with the Central Bank of United Arab Emirates for promoting innovation in financial products and services.

8) Which among the following banks has announced the launch of ‘Blossom Women’s Savings Account’ with 7% per annum interest rate with monthly interest credit?
A) Jana Small Finance Bank
B) Suryoday Small Finance Bank
C) Equitas Small Finance Bank
D) ESAF Small Finance Bank
E) None of these
Answer – B) Suryoday Small Finance Bank
Explanation:
Suryoday Small Finance Bank has announced the launch of ‘Blossom Women’s Savings Account’ with 7% per annum interest rate with monthly interest credit.

9) The Reserve Bank of India (RBI) has permitted banks from ____ countries to open Special Vostro Rupee Accounts (SVRAs) to settle payments in rupees.
A) 17
B) 18
C) 19
D) 16
E) None of these
Answer – B) 18
Explanation:
The Reserve Bank of India (RBI) has permitted banks from 18 countries to open Special Vostro Rupee Accounts (SVRAs) to settle payments in rupees.

10) Which among the following banks has entered into a partnership with Central Warehousing Corporation to facilitate financing under Electronic Negotiable Warehousing Receipt (e-NWR)?
A) IOB
B) SBI
C) BOB
D) UBI
E) PNB
Answer – E) PNB
Explanation:
Public sector lender Punjab National Bank has entered into a partnership with Central Warehousing Corporation to facilitate financing under Electronic Negotiable Warehousing Receipt (e-NWR).

11) Which among the following companies has received Infrastructure Finance Company status from the Reserve Bank of India.?
A) IRFC
B) PFC
C) IREDA
D) REC
E) None of these
Answer – C) IREDA
Explanation:
Indian Renewable Energy Development Agency Limited (IREDA) has received Infrastructure Finance Company status from the Reserve Bank of India.

12). The National Company Law Tribunal (NCLT) has approved the merger of ______ and HDFC Bank Ltd.
A) PNB Housing Finance Limited
B) Housing Development Finance Corporation (HDFC)
C) LIC HFL
D) Can Fin Homes Ltd.
E) None of these
Answer – B) Housing Development Finance Corporation (HDFC)
Explanation:
The National Company Law Tribunal (NCLT) has approved the merger of Housing Development Finance Corporation (HDFC) and HDFC Bank Ltd.

13) Which among the following banks has offered Ecosystem Banking for Indian Startups?
A) Indusind Bank
B) IDFC First Bank
C) YES Bank
D) ICICI Bank
E) None of these
Answer – D) ICICI Bank
Explanation:
ICICI Bank has offered Ecosystem Banking for Indian Startups.

14) Which among the following banks has entered into a co-lending arrangement with Paisalo Digital Ltd to provide financial support?
A) Indusind Bank
B) IDFC First Bank
C) YES Bank
D) Karnataka Bank
E) None of these
Answer – D) Karnataka Bank
Explanation:
Karnataka Bank and Paisalo Digital Ltd, a non-deposit-taking NBFC registered with the Reserve Bank of India, have entered into a co-lending arrangement to provide financial support.

15) Indian Railway Catering and Tourism Corp Ltd (IRCTC) has partnered with _____ to launch a co-branded travel credit card.
A) HDFC Bank
B) Axis Bank
C) ICICI Bank
D) Federal Bank
E) None of these
Answer – A) HDFC Bank
Explanation:
Indian Railway Catering and Tourism Corporation(IRCTC) has partnered with HDFC Bank to launch a co-branded travel credit card.

16) _____ and Lulu Exchange have partnered to strengthen cross-border payments between India and the Gulf Cooperation Council (GCC) region.?
A) HDFC Bank
B) Axis Bank
C) ICICI Bank
D) Federal Bank
E) None of these
Answer – A) HDFC Bank
Explanation:
HDFC Bank and UAE-based financial services company Lulu Exchange, have partnered to strengthen cross-border payments between India and the Gulf Cooperation Council (GCC) region.

17) Which among the following banks has allowed real-time Bhim payments with Singapore?
A) IOB
B) SBI
C) BOB
D) UBI
E) PNB
Answer – B) SBI
Explanation:
The State Bank of India (SBI) has announced a cooperation with “PayNow” for cross-border payments between India and Singapore utilising the UPI platform.

18) Which among the following banks has partnered with Singapore based digital banking solutions provider “Tagit” to implement omnichannel digital banking solutions for its retail and corporate customers?
A) South Indian Bank
B) Karnataka Bank
C) Saraswat Co-operative Bank
D) Kotak Mahindra Bank
E) None of these
Answer – C) Saraswat Co-operative Bank
Explanation:
Saraswat Co-operative Bank has partnered with Singapore based digital banking solutions provider “Tagit” to implement omnichannel digital banking solutions for its retail and corporate customers.

19) Which among the following banks has won the ‘Prathista Puraskar – Digidhan Award’ from MeitY for highest percentage in BHIM-UPI transactions?
A) HDFC Bank
B) Karnataka Bank
C) Yes Bank
B) Axis Bank
E) None of these
Answer – B) Karnataka Bank
Explanation:
Karnataka Bank has won the ‘Prathista Puraskar’ under ‘Digidhan Awards 2021-22’ by Ministry of Electronics and Information Technology (MeitY), Govt of India for achieving the target with highest percentage in BHIM-UPI transactions in Private Sector Bank category.

20) Which among the following banks has signed an agreement with Export-Import Bank of India under the Trade Assistance Programme(TAP) in order to facilitate cross-border commercial operations?
A) HDFC Bank
B) ICICI Bank
C) RBL Bank
B) Axis Bank
E) None of these
Answer – C) RBL Bank
Explanation:
RBL Bank, the private lender has signed an agreement with Export-Import Bank of India under the Trade Assistance Programme(TAP) in order to facilitate cross-border commercial operations.

21) The maximum limit for Ways and Means Advances (WMA) for the Government of India for the first half of the financial year 2022-23 has been set at ______
A) Rs.1,80,000 Crore
B) Rs.1,40,000 Crore
C) Rs.1,50,000 Crore
D) Rs.1,90,000 Crore
E) None of these
Answer – C) Rs.1,50,000 Crore
Explanation:
The maximum limit for Ways and Means Advances (WMA) for the Government of India for the first half of the financial year 2022-23 has been set at Rs 1,50,000 crore.

22) The World Bank has approved ______ loan to Assam to improve disaster preparedness and enhance flood forecasting.
A) $109 million
B) $108 million
C) $106 million
D) $105 million
E) None of these
Answer – B) $108 million
Explanation:
The World Bank has approved a $108 million loan to Assam to improve disaster preparedness and enhance flood forecasting.

23) Which among the following companies has secured Rs.915 crore “Green” Finance from the Japan Bank.?
A) SJVN
B) NHPC
C) NTPC
D) CESC
E) None of these
Answer – A) SJVN
Explanation:
SJVN Limited has secured Rs.915 crore “Green” Finance from the Japan Bank for International Cooperation to fund its 90 MW Omkareshwar floating solar project in Madhya Pradesh and 100 MW Raghanesda solar project in Gujarat.

24) The centre has increased the upper age limit by 5 years for the Ombudsman of the PFRDA to _______ years
A) 75 years
B) 70 years
C) 65 years
D) 80 years
E) None of these
Answer – B) 70 years
Explanation:
The centre has increased the upper age limit by 5 years for the Ombudsman of the PFRDA to 70 years.

25) Which among the following banks has announced a donation of the plantation of 32,000 tree saplings at Garden City University, Bengaluru.
A) UBI
B) SBI
C) BOI
D) PNB
E) None of these
Answer – B) SBI
Explanation:
SBI has announced a donation of the plantation of 32,000 tree saplings at Garden City University, Bengaluru.

26) Which among the following banks has associated with the CBDT for direct tax collections from retail and corporate tax payers?
A) Indusind Bank
B) Federal Bank
C) South Indian Bank
D) ICICI Bank
E) None of these
Answer – C) South Indian Bank
Explanation:
South Indian Bank has associated with the CBDT for direct tax collections from retail and corporate tax payers.

27) Which among the following banks has appointed Vikas Muttoo as COO and Head Member Services of Wholly-Owned Subsidiary Bharat Financial Inclusion Limited(BFIL)?
A) Indusind Bank
B) Federal Bank
C) Indusind Bank
D) ICICI Bank
E) None of these
Answer – C) Indusind Bank
Explanation:
Indusind Bank has appointed Vikas Muttoo as COO & Head Member Services of its 100% subsidiary ‘Bharat Financial Inclusion Ltd.’ (BFIL).

28) UTI AMC and SBI Mutual Fund have been appointed as fund managers for ______
A) LIC
B) Axis Bank
C) EPFO
D) SBI
E) None of these
Answer – C) EPFO
Explanation:
UTI AMC and SBI Mutual Fund have been appointed as fund managers for EPFO.

29) Who among the following persons has been appointed as the new Managing Director and Chief Executive Officer of Axis Securities for the next three years?
A) Sanjiv Chadha
B) Uday Suresh Kotak
C) Pranav Haridasan
D) Amitabh Chaudhry
E) None of these
Answer – C) Pranav Haridasan
Explanation:
Pranav Haridasan has been appointed as the new Managing Director and Chief Executive Officer of Axis Securities for the next three years.

30) The World Bank has approved a 363 million USD loan to ______ to provide clean and safe drinking water to two million rural households.
A) Madhya Pradesh
B) Maharashtra
C) Karnataka
D) Kerala
E) None of these
Answer – C) Karnataka
Explanation:
The World Bank has approved a 363 million USD loan to Karnataka to provide clean and safe drinking water to two million rural households.

31) The RBI has imposed a monetary penalty of ______ on Vyapari Sahakari Bank Maryadit.
A) Rs 5 lakh
B) Rs 2 lakh
C) Rs 4 lakh
D) Rs 3 lakh
E) None of these
Answer – B) Rs 2 lakh
Explanation:
The RBI has imposed a monetary penalty of Rs 2 lakh on Vyapari Sahakari Bank Maryadit.

32). Which among the following banks has acquired “All Deposits and Loans” from Silicon Valley Bank?
A) RBL Bank
B) Yes Bank
C) Bandhan Bank
D) First Citizens Bank
E) None of these
Answer – D) First Citizens Bank
Explanation:
First Citizens Bank has acquired “All Deposits and Loans” from Silicon Valley Bank.

33) Which among the following banks will provide a loan up to Rs.754 crore to SAEL Industries Limited for setting up of biomass power plants in Rajasthan?
A) ADB
B) NDB
C) IMF
D) WB
E) None of these
Answer – A) ADB
Explanation:
ADB will provide a loan up to Rs.754 crore to SAEL Industries Limited for setting up of biomass power plants in Rajasthan.

34) Which among the following countries has become a member of BRICS ‘New Development Bank (NDB)’?
A) Mexico
B) Egypt
C) Iraq
D) Saudi Arabia
E) None of these
Answer – B) Egypt
Explanation:
Egypt has become a member of BRICS ‘New Development Bank (NDB)’.

35) Geojit Financial Services has entered into an agreement with_______ to offer special 3-in-1 bundled accounts to ESAF SFB customers.
A) Capital Small Finance Bank
B) AU Small Finance Bank
C) ESAF Small Finance Bank
D) Ujjivan Small Finance Bank
E) None of these
Answer – C) ESAF Small Finance Bank
Explanation:
Geojit Financial Services has entered into an agreement with ESAF Small Finance Bank to offer special 3-in-1 bundled accounts to ESAF SFB customers.

36) The RBI has imposed a monetary penalty of _________on KVB for non-compliance with certain provisions of the RBI directions 2016.
A) Rs.50 lakh
B) Rs.40 lakh
C) Rs.30 lakh
D) Rs.20 lakh
E) None of these
Answer – C) Rs.30 lakh
Explanation:
The RBI has imposed a monetary penalty of Rs.30 lakh on KVB for non-compliance with certain provisions of the RBI directions 2016.

37) Which among the following banks has appointed Ratan Kumar Kesh as Executive Director of the Bank?
A) RBL Bank
B) Yes Bank
C) Bandhan Bank
D) Indusind Bank
E) None of these
Answer – C) Bandhan Bank
Explanation:
Bandhan Bank has appointed Ratan Kumar Kesh as Executive Director of the Bank.

38) Which among the following has collaborated with Bharat Billpay to strengthen its loan repayment facility?
A) mPokket
B) Mobikwik
C) Amazon Pay
D) Fi Money
E) None of these
Answer – C) Amazon Pay
Explanation:
Amazon Pay has collaborated with Bharat Billpay to strengthen its loan repayment facility.

39) Which among the following Fintech Platforms has collaborated with PayU to provide customers with the option to convert their online purchases into cardless EMIs?
A) TrueBalance
B) KreditBee
C) CASHe
B) Kissht
E) None of these
Answer – B) KreditBee
Explanation:
KreditBee has collaborated with PayU to provide customers with the option to convert their online purchases into cardless EMIs.

40) Which among the following banks has entered into a co-lending pact with Autotrac Finance (AFL) through YubiCo.Lend platform?
A) HDFC Bank
B) ICICI Bank
C) RBL Bank
B) Axis Bank
E) None of these
Answer – B) Axis Bank
Explanation:
Axis Bank has entered into a co-lending pact with Autotrac Finance (AFL) through YubiCo.Lend platform to offer new tractor loans for agricultural and allied activities in rural segments of the country.

If all you do is read news stories and listen to the news, you won’t be adequately prepared for current affairs questions in bank recruiting exams. While putting together a plan for modern circumstances, one must do so in the proper manner. Despite your greatest efforts and continual practise of current events, your expectations might not be reached.

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