Banking Awareness Quiz for IBPS and SBI PO

With a view to help candidates crack the Banking GK Questions in the General Awareness section of upcoming IBPS and SBI exams, faculty members from Vidya Guru Institute have compiled a Quiz based on significant events of the past few days. As a candidate who is serious about making a career in Public Sector Banking, you mustn’t neglect this Quiz.

Being the Centre for Best Bank PO Online Coaching Classes Govt. Job Preparation, we provide quality study videos on our YouTube channel. These videos are available in both Complete English and Bilingual (Hindi + English) mediums so that aspirants across India can get the benefit of quality guidance offered by our experts.

1) Sberbank has introduced Indian rupee accounts for individuals in ________
A) UK
B) USA
C) Russia
D) Singapore
E) None of these
Answer – C) Russia
Explanation:
Sberbank has introduced Indian rupee accounts for individuals in Russia.

2) Which among the following banks has launched the “I am Adyar, Adyar is me” campaign in Chennai?
A) ICICI Bank
B) Federal Bank
C) Axis Bank
D) HDFC Bank
E) None of these
Answer – B) Federal Bank
Explanation:
Federal Bank has launched the “I am Adyar, Adyar is me” campaign in Chennai.

3) Which among the following banks has introduced UPI cash withdrawal facility at ATMs?
A) State Bank of India
B) Bank of Baroda
C) Bank of Maharashtra
D) Bank of India
E) None of these
Answer – B) Bank of Baroda
Explanation:
Bank of Baroda (BoB) has introduced UPI cash withdrawal facility at ATMs.

4) Which among the following Small Finance Banks has collaborated with IBM to build a digital banking platform?
A) AU Small Finance Bank
B) Jana small finance bank
C) Equitas Small Finance Bank
D) Ujjivan Small Finance Bank
E) None of these
Answer – C) Equitas Small Finance Bank
Explanation:
Equitas Small Finance Bank has collaborated with IBM to build a digital banking platform.

5) Which among the following banks has released the report predicting that India will be the United Arab Emirates largest export destination by 2030?
A) DBS Bank
B) United Overseas Bank
C) Standard Chartered
D) HSBC
E) None of these
Answer – C) Standard Chartered
Explanation:
Standard Chartered has released the report predicting that India will be the United Arab Emirates largest export destination by 2030.

6) Which among the following digital credit platforms has partnered with the NPCI to add UPI Plug-in functionality to its services?
A) RupeeRedee
B) RING
C) Zestmoney
D) Smartcoin
E) None of these
Answer – B) RING
Explanation:
RING, a digital credit platform, has partnered with the NPCI to add UPI Plug-In functionality to its pre-existing suite of digital services.

7) Which among the following banks has become the first public sector bank to introduce an IVR-based UPI Solution – UPI 123Pay?
A) UBI
B) PNB
C) IOB
D) SBI
E) None of these
Answer – B) PNB
Explanation:
Punjab National Bank (PNB) has become the first public sector bank to introduce an IVR-based UPI Solution – UPI 123Pay.

8) Which among the following institutes has Collaborated with Reserve Bank Innovation Hub (RBIH) to introduce Voice – banking solutions?
A) IIT Hyderabad
B) IIT Madras
C) IIT Bombay
D) IIT Kharagpur
E) None of these
Answer – B) IIT Madras
Explanation:
IIT Madras has collaborated with Reserve Bank Innovation Hub (RBIH) to introduce voice – banking solutions in Indian languages.

9) Which among the following states has signed a MoU with Bajaj Finserv for Investment?
A) Kerala
B) Madhya Pradesh
C) Maharashtra
D) Karnataka
E) None of these
Answer – C) Maharashtra
Explanation:
The state government of Maharashtra has signed a MoU with Bajaj Finserv for Investment.

10) Which among the following fintech firms has announced the appointment of Partha Pratim Sengupta as its nominee on the board of Unity Small Finance Bank (Unity Bank)?
A) CRED
B) BharatPe
C) PhonePe
D) Paytm
E) None of these
Answer – B) BharatPe
Explanation:
Fintech firm BharatPe has announced the appointment of Partha Pratim Sengupta as its nominee on the board of Unity Small Finance Bank (Unity Bank).

11) Which among the following banks has launched two mobile branches in Ladakh to offer banking services in remote areas of the Union Territory.
A) ICICI Bank
B) Jammu and Kashmir Bank
C) Federal Bank
D) Axis Bank
E) None of these
Answer – B) Jammu and Kashmir Bank
Explanation:
Jammu and Kashmir Bank has launched two mobile branches in Ladakh to offer banking services in remote areas of the Union Territory.

12) Which among the following fintech firms has launched the country’s first mobile – based expense management card?
A) Happay EPIC
B) Karbon Card
C) Volo Pay
D) Enkash
E) None of these
Answer – B) Karbon Card
Explanation:
Karbon Card, a B2B payment solution provider has launched the country’s first mobile-based expense management card.

13) Which among the following banks has committed to donate Rs.1200 Crore to the Tata Memorial Centre (TMC)?
A) Axis Bank
B) Federal Bank
C) ICICI Bank
D) City Union Bank
E) None of these
Answer – C) ICICI Bank
Explanation:
ICICI Bank has committed to donate Rs.1200 crore to the Tata Memorial Centre (TMC), a premier institution that runs cancer treatment and research centres across the country.

14) N.S.Vishwanathan has been appointed as Non-Executive(Part-time) Chairman of ________
A) ICICI Bank
B) Federal Bank
C) Axis Bank
D) City Union Bank
E) None of these
Answer – C) Axis Bank
Explanation:
N.S.Vishwanathan has been appointed as Part – time Non – Executive Chairman of Axis Bank.

15) P.N Vasudevan has been reappointed as the MD & CEO of ________
A) AU Small Finance Bank
B) Jana small finance bank
C) Equitas Small Finance Bank
D) Ujjivan Small Finance Bank
E) None of these
Answer – C) Equitas Small Finance Bank
Explanation:
P.N Vasudevan has been reappointed as the MD & CEO of Equitas Small Finance Bank for a period of three years.

16) Srikrishnan Harihara Sharma has been appointed as the MD & CEO OF ______
A) City Union Bank
B) Karnataka Bank
C) Kotak Mahindra Bank
D) Karur Vysya Bank
E) None of these
Answer – B) Karnataka Bank
Explanation:
Srikrishnan Harihara Sharma has been appointed as the MD & CEO OF Karnataka Bank.

17) Which among the following banks has emerged as the top performer in NPA management during FY23?
A) State Bank of India
B) Bank of Baroda
C) Bank of Maharashtra
D) Bank of India
E) None of these
Answer – C) Bank of Maharashtra
Explanation:
Bank of Maharashtra(BoM) has emerged as the top Performer in NPA management during FY23.

18) Which among the following fintech firms has launched UPI SDK for paying directly within the merchant app by the customers?
A) Phonepe
B) Paypal
C) Paytm
D) PayU
E) None of these
Answer – C) Paytm
Explanation:
Paytm has launched UPI SDK for paying directly within the merchant app by the customers

19) RBI has decided to allow Indian banks to issue ________
A) Visa Prepaid Forex Cards
B) Master Prepaid Forex Cards
C) Rupay Prepaid Forex Cards
B) American Express Prepaid Forex Cards
E) None of these
Answer – C) Rupay Prepaid Forex Cards
Explanation:
RBI has decided to allow Indian banks to issue Rupay Prepaid Forex Cards.

20) Which among the following banks has launched ‘Sarathi’ a digital on boarding platform?
A) Axis Bank
B) ICICI Bank
C) HDFC Bank
B) Indusind Bank
E) None of these
Answer – A) Axis Bank
Explanation:
Axis Bank has launched ‘Sarathi’ a digital onboarding platform to enable Electronic Data Capture (EDC) or Point of Sale (POS) for merchants.

21) Russia’s Sber bank will establish a major IT Unit in _________
A) Mumbai
B) Chennai
C) Bengaluru
D) Hyderabad
E) None of these
Answer – C) Bengaluru
Explanation:
Russia’s Sber bank will establish a major IT Unit in Bengaluru.

22) Which among the following banks has been included in the list of scheduled banks under schedule 2 of the RBI Act, 1934?
A) Kookmin Bank
B) Citibank Korea
C) NongHyup Bank
D) Kyongnam Bank
E) None of these
Answer – C) NongHyup Bank
Explanation:
NongHyup Bank has been included in the list of scheduled banks under schedule 2 of the RBI Act, 1934.
NongHyup Bank – an agricultural bank headquartered in Jung-gu, Seoul, South Korea

23) Kameshwar Rao Kodavanti has been appointed as the Chief Financial Officer (CEO) of _________
A) PNB
B) IOB
C) SBI
D) UBI
E) None of these
Answer – C) SBI
Explanation:
Kameshwar Rao Kodavanti has been appointed as the Chief Financial Officer (CEO) of
SBI.

24) Which among the following banks has launched a Virtual branch in the Metaverse with Immersive 3D Experience?
A) UBI
B) IOB
C) PNB
D) SBI
E) None of these
Answer – C) PNB
Explanation:
PNB has launched a Virtual branch in the Metaverse with Immersive 3D Experience.

25) Piramal Finance has opened the first all-women branch in _______
A) Munnar
B) Ernakulam
C) Kochi
D) Alappuzh
E) None of these
Answer – C) Kochi
Explanation:
Piramal Finance has opened the first all-women branch in Kochi, Kerala.

26) Which among the following banks has launched 34 Transaction Banking Hubs?
A) PNB
B) UBI
C) SBI
D) IOB
E) None of these
Answer – C) SBI
Explanation:
SBI has launched 34 Transaction Banking Hubs at 21 district centres across the country with an aim to provide quick and efficient transaction banking solutions to customers.

27) Who among the following persons has launched a new campaign called “BHARAT” for Banks under Agri Infra fund?
A) Kailash Choudhary
B) Manoj Ahuja
C) Narendra Singh Tomar
D) Shobha Karandlaje
E) None of these
Answer – B) Manoj Ahuja
Explanation:
Agriculture Secretary of Ministry of Agriculture and Farmers Welfare, Shri. Manoj Ahuja has launched a new campaign called “BHARAT (Banks Heralding Accelerated Rural & Agriculture Transformation).” for Banks under Agri Infra fund.

28) Which among the following banks has become the top lender to Public Sector Corporations in FY 23?
A) Indian Bank
B) Canara Bank
C) HDFC Bank
D) ICICI Bank
E) None of these
Answer – B) Canara Bank
Explanation:
Canara Bank has become the top lender to public sector corporations in FY 23.

29) Sat Pal Bhanoo has been appointed as the MD of _____
A) NIACL
B) LIC
C) UIICL
D) NICL
E) None of these
Answer – B) LIC
Explanation:
Sat Pal Bhanoo has been appointed as the MD of LIC.

30) Which among the following banks has partnered with TAFE and TMTL for tractor financing?
A) SBI
B) UBI
C) Indian Bank
D) IOB
E) None of these
Answer – C) Indian Bank
Explanation:
Indian Bank has partnered with TAFE (Tractors and Farm Equipment) and TMTL (TAFE Motors and Tractors Limited) for tractor financing.

31) Former CAG Rajiv Mehrishi has been appointed as the independent director of _______
A) Fullerton India Credit Company Limited
B) L&T Finance Limited
C) Jio Financial Services Limited
D) Reliance Payment Solutions Limited
E) None of these
Answer – C) Jio Financial Services Limited
Explanation:
Former CAG Rajiv Mehrishi has been appointed as the independent director of Jio Financial Services Limited.

32) Which among the following banks will set up a new trustee company for managing the Corporate Debt Market Development Fund (CDMDF)?
A) UBI
B) IOB
C) SBI
D) PNB
E) None of these
Answer – C) SBI
Explanation:
SBI will set up a new trustee company for managing the Corporate Debt Market Development Fund (CDMDF).

33) Michele Bullock has been appointed as the first woman governor of the ______
A) Bank of England
B) Bank of Japan
C) Reserve Bank of Australia
D) European Central Bank
E) None of these
Answer – C) Reserve Bank of Australia
Explanation:
Michele Bullock has been appointed as the first woman governor of the Reserve Bank of Australia.

34) Which among the following has created India’s first Health Insurance marketplace focused on monthly payments?
A) Freecharge
B) Paytm
C) Phonepe
D) Bharatpe
E) None of these
Answer – C) Phonepe
Explanation:
Phonepe has created India’s first Health Insurance marketplace focused on monthly payments.

35) Which among the following companies has launched the World’s first Generative AI tool for insurance?
A) Kellton
B) Simplifai
C) Saksoft
D) Mindtree
E) None of these
Answer – B) Simplifai
Explanation:
Simplifai has launched the World’s first Generative AI tool for insurance.

36) International Financial Services Centers Authority (IFSCA) and PIEDS BITS Pilani, have today signed a MoU at BITS Pilani PIEDS Finxcelerator, Pilani Campus in _____
A) Tamil Nadu
B) Gujarat
C) Rajasthan
D) Karnataka
E) None of these
Answer – C) Rajasthan
Explanation:
International Financial Services Centers Authority (IFSCA) and PIEDS BITS Pilani have signed a MoU at BITS Pilani PIEDS Finxcelerator, Pilani Campus in Rajasthan.

37) Which among the following has recently launched its first international payment gateway for the Malaysian market?
A) BillDesk
B) Razorpay
C) PayU
D) Paytm
E) None of these
Answer – B) Razorpay
Explanation:
Fintech Unicorn, Razorpay has recently launched its first international payment gateway for the Malaysian market.

38) Who among the following persons has been appointed as the MD & CEO of SBI Cards & Payment Services (SBI Card)?
A) Anita Richard Sontumyra
B) Dinesh Kumar Khara
C) Abhijit Chakravorty
D) Kameshwar Rao Kodavanti
E) None of these
Answer – C) Abhijit Chakravorty
Explanation:
Abhijit Chakravorty has been appointed as the MD & CEO of SBI Cards & Payment Services (SBI Card).

39) IFSCA has signed an MoU with _______ for supporting Fintech and Techfin entities.
A) IIM Nagpur
B) IIM Ranchi
C) IIM Lucknow
B) IIM Rohtak
E) None of these
Answer – C) IIM Lucknow
Explanation:
International Financial Services Centers Authority (IFSCA) has signed an MoU with IIM Lucknow for supporting Fintech and Techfin entities.

40) Which among the following banks has been felicitated for “The Best Performance in CASA – India” at ICC Emerging Asia Banking Conclave & Awards 2022?
A) Bank of Maharashtra
B) Jammu & Kashmir Bank
C) HDFC Bank
B) ICICI Bank
E) None of these
Answer – B) Jammu & Kashmir Bank
Explanation:
J&K Bank has been felicitated for the Best Performance in CASA-India (1st Runner up in Small Bank Category) at ICC Emerging Asia Banking Conclave & Awards 2022.