Latest Banking Awareness Quiz by Best Bank Coaching Institute

Significant events taking place in Banking and Financial Services domain form the basis of several questions in the General Awareness (GA) section of SBI, IBPS and RBI exams. Without doubt, a strong grip on Banking & Financial Awareness is a must in order to crack a PO or Clerk exam.

Being the Centre for Best Online Banking Coaching Classes in India, we fully understand this genuine requirement of our students. Thus, our faculty members keep publishing finest content to support your learning and to take it to the examination level.

1) Which among the following banks has entered into a tie-up with Sequoia Capital – backed fintech startup Hubble to introduce India’s first spending account?
A) Jio payments bank
B) Airtel Payments Bank
C) Fino Payments Bank
D) Paytm Payments Bank
E) None of these
Answer – C) Fino Payments Bank
Explanation:
Fino Payments Bank has entered into a tie-up with Sequoia Capital-backed fintech startup Hubble to introduce India’s first spending account.

2) The ADB has approved a USD 400 Million loan to ________ under the sustainable economic recovery programme.
A) India
B) Bangladesh
C) Pakistan
D) Sri Lanka
E) None of these
Answer – B) Bangladesh
Explanation:
The Asian Development Bank (ADB) has approved a $400 million loan to Bangladesh to advance reforms in domestic resource mobilisation, improve efficiency and productivity of public spending, and help small businesses.

3) Who among the following persons has been honoured with the “Governor of the year” award in London?
A) Elvira Nabiullina
B) Shaktikanta Das
C) Reza Baqir
D) Godwin Emefiele
E) None of these
Answer – B) Shaktikanta Das
Explanation:
Shaktikanta Das has been honoured with the “Governor of the year” award in London.

4) Which among the following banks has launched a digital Platform ‘SWIFTe’ for hassle – free account opening?
A) IndusInd Bank
B) Federal Bank
C) South Indian Bank
D) Axis Bank
E) None of these
Answer – C) South Indian Bank
Explanation:
South Indian Bank (SIB) has launched a digital platform ‘SIB SWIFTe’, an innovative and customer-centric digital account opening platform for hassle-free account opening.

5) Which among the following banks has launched the deposit scheme “Vikas Ashadeep 400 days”?
A) Andhra Pradesh Grameena Vikas Bank
B) Kerala Gramin Bank
C) Karnataka Vikas Grameena Bank
D) Bangiya Gramin Vikash Bank
E) None of these
Answer – C) Karnataka Vikas Grameena Bank
Explanation:
Karnataka Vikas Grameena Bank (KVGB) has launched the “Vikas Ashadeep” deposit scheme for 400 days.

6) Which among the following companies has received the IRDAI’s approval to commence life insurance operations?
A) Royal Sundaram
B) Go Digit
C) Acko
D) Reliance
E) None of these
Answer – B) Go Digit
Explanation:
Go Digit has received the IRDAI’s approval to commence life insurance operations.

7) Directorate General Resettlement (DGR) has signed a MoU with _______ to create employment Opportunities for ex-servicemen.
A) SBI Life Insurance
B) Kotak Mahindra Life Insurance
C) Max Life Insurance
D) HDFC Life Insurance
E) None of these
Answer – B) Kotak Mahindra Life Insurance
Explanation:
Directorate General Resettlement (DGR) has signed a MoU with Kotak Mahindra Life Insurance to create employment opportunities for ex-servicemen.

8) Wipro has collaborated with _______ to launch the Wipro Industry Innovation Experience for financial services.
A) Apple
B) Microsoft
C) Google
D) IBM
E) None of these
Answer – B) Microsoft
Explanation:
Wipro has collaborated with Microsoft to launch the Wipro Industry Innovation Experience for financial services.

9) Which among the following banks has launched the “My Account my Name” scheme?
A) UBI
B) SBI
C) IOB
D) PNB
E) None of these
Answer – C) IOB
Explanation:
Indian Overseas Bank (IOB) has launched the “My Account My Name” scheme.

10) The sub-office of Reserve Bank has been opened in ______
A) Manipur
B) Nagaland
C) Meghalaya
D) Assam
E) None of these
Answer –
Explanation:
The sub-office of Reserve Bank has been opened in Kohima, Nagaland.

11) Which among the following banks has partnered with “Wise” to enable online inward remittance services to Non Resident Indians (NRIs) residing in the USA and Singapore?
A) Karnataka Bank
B) Indusind Bank
C) Federal Bank
D) Axis Bank
E) None of these
Answer – B) Indusind Bank
Explanation:
Indusind Bank has partnered with “Wise” to enable online inward remittance services to Non Resident Indians (NRIs) residing in the USA and Singapore.

12) Who among the following persons has been appointed as the new non-executive chairman of TransUnion CIBIL?
A) Sri Krishna Hari Hara Sharma
B) V Anantharaman
C) N S Vishwanathan
D) P N Vasudevan
E) None of these
Answer – B) V Anantharaman
Explanation:
Chairman of TransUnion CIBIL – V Anantharaman.

13) Which among the following has launched mission EVOLVE (Electric Vehicle Operations and Lending for Vibrant Ecosystem)
A) NABARD
B) SEBI
C) SIDBI
D) NHB
E) None of these
Answer – C) SIDBI
Explanation:
SIDBI has launched EVOLVE (Electric Vehicle Operations and Lending for Vibrant Ecosystem) mission with support from NITI Aayog and financial assistance from the World Bank, Korea-World Bank Partnership Facility and Korean Economic Development Cooperation Fund (EDCF).

14) Which among the following payment systems has achieved the milestone of 941 crore transactions in May 2023?
A) RTGS
B) IMPS
C) UPI
D) NEFT
E) None of these
Answer – C) UPI
Explanation:
Unified Payment Interface (UPI) has achieved the milestone of 941 crore transactions in May 2023.

15) The IRDAI has decided to transfer the Life insurance business of Sahara India Life Insurance Co Ltd (SILIC) to _______
A) HDFC Life Insurance
B) Max Life Insurance
C) SBI Life Insurance
D) LIC
E) None of these
Answer – C) SBI Life Insurance
Explanation:
The Insurance Regulatory and Development Authority of India (IRDAI) has decided to transfer the Life insurance business of Sahara India Life Insurance Co Ltd (SILIC) to SBI Life Insurance.

16) Which among the following companies has announced the launch of the “Turbo UPI” payment service?
A) PayU
B) Razorpay
C) Paytm
D) Billdesk
E) None of these
Answer – B) Razorpay
Explanation:
Razorpay has announced the launch of the “Turbo UPI” payment service, India’s fastest one-step UPI payment solution for businesses.

17) Ashwani Kumar has been appointed as Managing Director and CEO of _______
A) PNB
B) UBI
C) ICICI Bank
D) UCO Bank
E) None of these
Answer – D) UCO Bank
Explanation:
Ashwani Kumar has been appointed as Managing Director and CEO of UCO Bank.

18) Which among the following banks has launched project Kuber in Bengaluru, Karnataka?
A) PNB
B) UBI
C) SBI
D) IOB
E) None of these
Answer – C) SBI
Explanation:
SBI has launched Project Kuber having four transaction banking hubs and one corporate salary package hub in Bengaluru, Karnataka.

19) RBI has launched a financial inclusion dashboard called _________
A) Antarbodh
B) Antarbodh
C) Antardrishti
B) Antargyan
E) None of these
Answer – C) Antardrishti
Explanation:
RBI Governor Shaktikanta Das has launched a financial inclusion dashboard named ‘Antardrishti’

20) Which among the following banks has introduced a new credit card, Millennia-offering cashback?
A) Axis Bank
B) ICICI Bank
C) HDFC Bank
B) SBI
E) None of these
Answer – C) HDFC Bank
Explanation:
HDFC Bank has introduced a new credit card, Millennia-offering cashback.