Best Banking Awareness Quiz by Bank Coaching Experts

General knowledge is essential for the Banking Competitive Exam. This is because GK encourages intellectual and personal development. This also covers a sizable chunk of contemporary society. The current affairs category includes new government initiatives, summits and conferences, conflicts, political crises, international relations, new scientific breakthroughs, and more.

These subjects make up the majority of the exam’s focus in order to assess a student’s environmental knowledge. Reading newspapers and magazines and watching prime time news is the best method for learning about current events in preparation for bank or other competitive tests.

In the past, people believed that newspapers were the best source of reliable information on current affairs. They are also available and reasonably priced. This media outlet is frequently available and has a strong history of fact-checking. One issue, though, is that you have to follow a given issue every day in order to properly understand it. Information seen online at https://online.vidyaguru.in/blog/ does not work like that. We make sure that we are consistent, up to date, and thoroughly cover the subject.

To further demonstrate it, have a look at the current events test that is available for all of you to practise at any time of day:

1) Which among the following banks has partnered with Sa-Dhan to provide digital microfinance solutions to feature phone users?
A) DBS Bank
B) IDFC First Bank
C) RBL Bank
D) Axis Bank
E) HDFC Bank
Answer – B) IDFC First Bank
Explanation:
IDFC First Bank has partnered with the association of microfinance institutions Sa-Dhan and Delhi-based fintech solutions provider NextGen to provide digital microfinance solutions to feature phone users.

2) Which among the following has shortlisted 7 global consultancy firms to use AI and machine learning for supervisory functions?
A) SEBI
B) IRDAI
C) RBI
D) SIDBI
E) None of these
Answer – C) RBI
Explanation:
RBI has shortlisted 7 global consultancy firms to use AI and machine learning for supervisory functions.

3) Which among the following has partnered with “M1xchange” as the financier to bring liquidity to MSMEs at competitive interest rates?
A) NABARD
B) SIDBI
C) FICCI
D) SEBI
E) None of these
Answer – B) SIDBI
Explanation:
The Small Industries Development Bank of India (SIDBI) has partnered with “M1xchange” as the financier to bring liquidity to MSMEs at competitive interest rates.

4) Which among the following companies has signed a multi-year partnership with “Finestra” for the digital transformation of Corporate banks in the Middle East?
A) TCS
B) Infosys
C) Wipro
D) CTS
E) None of these
Answer – C) Wipro
Explanation:
Wipro has signed a multi-year partnership with fintech firm “Finestra” for the digital transformation of Corporate Banks in the Middle East.

5) Which among the following has inked Rs.4,445 Crore loan pact with SJVN Green Energy for 1000 MW Solar Project?
A) REC Limited
B) PFC
C) IREDA
D) EESL
E) None of these
Answer – C) IREDA
Explanation:
Indian Renewable Energy Development Agency Limited(IREDA) has inked Rs.4,445 Crore loan pact with SJVN Green Energy for 1000 MW Solar Project.

6) The Ministry of Finance has slashed Windfall Profit tax on domestically Produced Crude oil by _____
A) 65%
B) 50%
C) 75%
D) 45%
E) None of these
Answer – A) 65%
Explanation:
The Ministry of Finance has slashed Windfall Profit tax on domestically Produced Crude oil by 65% from the existing Rs.4900 Per tonne to Rs.1700 Per tonne.

7) The Deposit Insurance and Credit Guarantee Corporation (DICGC) has settled deposit insurance claims of 3,06,146 eligible depositors of ______ banks.
A) 30
B) 35
C) 32
D) 34
E) None of these
Answer – B) 35
Explanation:
DICGC has settled deposit insurance claims of 3,06,146 eligible depositors of 35 banks amounting to Rs.4,055.10 Crore.

8) HDFC Bank has acquired a 7.75% Stake in fintech Startup Mintoak for ______
A) 30 Crore
B) 31 Crore
C) 32 Crore
D) 33 Crore
E) None of these
Answer – B) 31 Crore
Explanation:
HDFC Bank has acquired a 7.75% Stake in fintech Startup Mintoak for 31 Crore.

9) The RBI has announced penalties on _____ Cooperative banks for breaching regulatory norms.
A) 12
B) 13
C) 14
D) 15
E) None of these
Answer – B) 13
Explanation:
The RBI has announced Penalties on 13 Cooperative banks for breaching regulatory norms.

10) Ittira David has been reappointed as MD & CEO of ______ for another two years.
A) Equitas Small Finance Bank
B) AU Small Finance Bank
C) Ujjivan Small Finance Bank
D) Jana Small Finance Bank
E) None of these
Answer – C) Ujjivan Small Finance Bank
Explanation:
Ittira David has been reappointed as MD & CEO of Ujjivan Small Finance Bank for another two years.

11) Which among the following banks has partnered with Paisabazaar to launch a new co-created Credit Card, “Duet”?
A) DBS Bank
B) RBL Bank
C) Axis Bank
D) HDFC Bank
E) None of these
Answer – B) RBL Bank
Explanation:
RBL Bank has partnered with Paisabazaar to launch a new co-created Credit Card, “Duet”.

12) Which among the following banks has partnered with Trucknetic to offer comprehensive digital banking, logistics, Value Added Services to SMEs across the Country?
A) Federal Bank
B) DBS Bank
C) Indusind Bank
D) ICICI Bank
E) All of these
Answer – B) DBS Bank
Explanation:
DBS Bank has partnered with Trucknetic to offer comprehensive digital banking, logistics, Value Added Services to SMEs across the Country.

13) Sushmita Shukla has been appointed as the first Vice President and Chief Operating Officer of the ______
A) Federal Reserve Bank of San Francisco
B) Federal Reserve Bank of Atlanta
C) Federal Reserve Bank of New york
D) Federal Reserve Bank of Chicago
E) None of these
Answer – C) Federal Reserve Bank of New york
Explanation:
Sushmita Shukla has been appointed as the first Vice President and Chief Operating Officer of the Federal Reserve Bank of New york.

14) Which among the following banks has sanctioned a donation of Rs.4.26 Crore to rejuvenate seven major lakes in the Kolar district of Karnataka?
A) IOB
B) UBI
C) SBI
D) PNB
E) None of these
Answer – C) SBI
Explanation:
SBI has sanctioned a donation of Rs.4.26 Crore to rejuvenate seven major lakes in the Kolar district of Karnataka.

15) Which among the following banks has partnered with SV CreditLine for a Co-lending Pact of Rs.500 Crore exclusively to women borrowers?
A) Federal Bank
B) IndusInd Bank
C) ICICI Bank
D) Axis Bank
E) None of these
Answer – B) IndusInd Bank
Explanation:
IndusInd Bank has partnered with SV CreditLine for a Co-lending Pact of Rs.500 Crore exclusively to women borrowers

16) Which among the following has become India’s first Payment gateway to support Credit Cards on UPI?
A) PayU
B) Razorpay
C) Paypal
D) Paytm
E) None of these
Answer – B) Razorpay
Explanation:
Razorpay has become India’s first Payment gateway to Support Credit Cards on UPI.

17) Which among the following banks has approved a $250 million Policy – based loan to strengthen India’s logistics Sector?
A) World Bank
B) ADB
C) NDB
D) IMF
E) None of these
Answer – B) ADB
Explanation:
Asian Development Bank (ADB) has approved a $250 million Policy – based loan to strengthen and modernise the logistics Sector of India.

18) Which among the following cities has recorded the highest digital payment transactions from January to October 2022?
A) Chennai
B) Hyderabad
C) Bengaluru
D) Mumbai
E) None of these
Answer – C) Bengaluru
Explanation:
Bengaluru has recorded the highest digital payment transactions from January to October 2022.

19) Which among the following states has partnered with Justdial to digitise and guide MSMEs?
A) Tamil Nadu
B) Kerala
C) Telangana
D) Karnataka
E) None of these
Answer – C) Telangana
Explanation:
The state government of Telangana has partnered with Justdial to digitise and guide MSMEs.

20) Which among the following banks has launched a new digital lending platform iLens?
A) HDFC Bank
B) ICICI Bank
C) Canara Bank
D) IDBI Bank
E) None of these
Answer – B) ICICI Bank
Explanation:
TCS and ICICI Bank have announced the launch of “iLens”, a digital lending Solution.

Conclusion
While the majority of candidates choose to read from reputable sources, they ignore the most crucial stage in producing content that is current affairs-focused. You must master the right techniques for studying news and current events if you want to succeed on the Banking exam. Reading news articles or any other content is insufficient. It is necessary to cover the underlying data and related social, political, and legal issues with the news.

This article on the importance of banking awareness and how to practise the above questionnaire was written by Vidya Guru, one of the best bank coaching in Delhi. The finest options for studying for this exam are these questions because they were put together by professionals and are founded on verified material.