Latest Banking Awareness Quiz by IBPS Coaching in Delhi

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. So, a trustworthy learning resource that can help students improve upon their performance in this area becomes a necessity.

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Moreover, do attempt the quizzes that are posted on this portal as it will really help you in revision and assessment of your learning. The latest Banking Awareness quiz is given below for you to check your level of preparation.

Banking Awareness Quiz – July

Question 1) RBI has recently restricted ____ cooperative banks from engaging in any type of banking activity due to their weak liquidity position.
A) 4
B) 3
C) 5
D) 6
E) None of these
Answer – B) 3
Explanation:
The Reserve Bank of India(RBI) has barred 3 cooperative banks from engaging in any type of banking activity due to their weak liquidity position.
● Sri Mallikarjuna Pattana Sahakari Bank – Karnataka
● Nashik Zilla Girna Sahakari Bank Limited and Raigad Sahakari Bank – Mumbai

Question 2) Which among the following banks has associated with the Central Board of Direct Taxes(CBDT) to offer online tax payment services?
A) HDFC Bank
B) ICICI Bank
C) Federal Bank
D) Axis Bank
E) South Indian Bank
Answer – C) Federal Bank
Explanation:
The Federal Bank has associated with the Central Board of Direct Taxes(CBDT) to offer online tax payment services.

Question 3) Jayanti Prasad has been appointed as a Whole-time member of the ______
A) IBBI
B) IBA
C) IFC
D) IBRD
E) None of these
Answer – A) IBBI
Explanation:
Jayanti Prasad has been appointed as a Whole-time member of the Insolvency and Bankruptcy Board of India(IBBI).

Question 4) The World Bank has granted a loan of _____ to fund India’s flagship PM Ayushman Bharat Health Infrastructure Mission (PM-ABHIM).
A) USD $3 billion
B) USD $1 billion
C) USD $4 billion
D) USD $2 billion
E) None of these
Answer – B) USD $1 billion
Explanation:
The World Bank has granted a loan of USD $1 billion to fund India’s flagship PM Ayushman Bharat Health Infrastructure Mission (PM-ABHIM).

Question 5) Which among the following banks has authorized a plan of raising Rs. 20,000 Cr. in debt to fund its expansion?
A) HDFC Bank
B) IndusInd Bank
C) Federal Bank
D) Axis Bank
E) South Indian Bank
Answer – B) IndusInd Bank
Explanation:
IndusInd Bank’s board has authorized a plan to raise debt worth Rs. 20,000 Cr. to finance the company’s expansion.

Question 6) Who among the following persons has been named as the World Bank’s Chief Economist?
A) Shankar Acharya
B) Indermit Gill
C) Bina Agarwal
D) Isher Judge Ahluwalia.
E) None of these
Answer – B) Indermit Gill
Explanation:
World Bank’s Chief Economist – Indermit Gill

Question 7) Which among the following banks will introduce WhatsApp-based banking for its customers?
A) SBI
B) IOB
C) UBI
D) PNB
E) None of these
Answer – A) SBI
Explanation:
The State Bank of India (SBI) will introduce WhatsApp-based banking for its customers.

Question 8) Reserve Bank of India has imposed a number of limitations on Raigad Sahakari Bank, a cooperative bank with headquarters in Mumbai including a withdrawal cap of ______ per user.
A) Rs. 15000
B) Rs. 14000
C) Rs. 13000
D) Rs. 10000
E) None of these
Answer – A) Rs. 15000
Explanation:
Reserve Bank of India has imposed a number of limitations on Raigad Sahakari Bank, a cooperative bank with headquarters in Mumbai including a withdrawal cap of Rs. 15,000 per user.

Question 9) Which among the following banks has been recognized as the ‘World’s Best SME Bank’ by Euromoney for the second time?
A) DBS Bank
B) United Overseas Bank
C) Citibank
D) POSB Bank
E) None of these
Answer – A) DBS Bank
Explanation:
Singapore based DBS Bank has been recognized as the ‘World’s Best SME Bank’ by Euromoney for the second time.

Question 10) RBI has imposed a penalty of _____ on Ola Financial Services for non-compliance provisions.
A) Rs. 1.57 Cr.
B) Rs. 1.67 Cr.
C) Rs. 1.47 Cr.
D) Rs. 1.87 Cr.
E) None of these
Answer – B) Rs. 1.67 Cr.
Explanation:
RBI has levied a fine of Rs.1.67 Cr. on Ola Financial Services for non-compliance with its regulatory provisions.

Question 11) Meena Hemchandra has been appointed as the temporary chairperson of _______
A) HDFC Bank
B) IndusInd Bank
C) Karur Vysya Bank
D) Axis Bank
E) South Indian Bank
Answer – C) Karur Vysya Bank
Explanation:
Meena Hemchandra has been appointed as the temporary chairperson of Karur Vysya Bank.

Question 12) Which among the following banks has launched Metaverse Virtual Lounge, and Open Banking Sandbox environment?
A) SBI
B) IOB
C) UBI
D) PNB
E) None of these
Answer – C) UBI
Explanation:
Union Bank of India (UBI) has unveiled ‘Uni-verse’ (its Metaverse Virtual Lounge) and Open Banking Sandbox environment.

Question 13) Which among the following has been penalised by the RBI for violating its regulations?
A) Federal Bank
B) Bank of India
C) Dhani Loans and Services Ltd
D) All of these
E) None of these
Answer – D) All of these
Explanation:
The Reserve Bank of India(RBI) has imposed a fine of Rs. 5.72 Cr. on Federal Bank Ltd., Rs. 70 Lac on Bank of India and Rs. 7.60 Lac on Dhani Loans & Services Ltd. for the breach of Banking regulatory provisions laid down by it.

Question 14) The Reserve Bank of India(RBI) and _______ has entered into an agreement to expand cooperation in payment systems, digital financial innovation, and anti-money laundering and combating the financing of terrorism (AML-CFT).
A) Central Bank of Sri Lanka
B) Bank Indonesia
C) Bangladesh Bank
D) People’s Bank of China
E) None of these
Answer – B) Bank Indonesia
Explanation:
The Reserve Bank of India(RBI) and Bank Indonesia(Central Bank of Indonesia) has entered into an agreement to expand cooperation in payment systems, digital financial innovation, and anti-money laundering and combating the financing of terrorism (AML-CFT).

Question 15) Which among the following banks has acquired the agri and healthcare equipment financing portfolio of DLL India?
A) HDFC Bank
B) IndusInd Bank
C) Federal Bank
D) Kotak Mahindra Bank
E) South Indian Bank
Answer – D) Kotak Mahindra Bank
Explanation:
Kotak Mahindra Bank has acquired the agri and healthcare equipment financing portfolio of DLL India.

Question 16) Which among the following financial institutions has been given an approval by RBI for opening 150 new branches across the nation?
A) Manappuram Finance Limited
B) Mahindra Financial Services Limited
C) Cholamandalam Investment and Finance Company
D) Muthoot Finance
E) None of these
Answer – D) Muthoot Finance
Explanation:
Muthoot Finance recently got an approval from RBI for opening 150 new branches across the country.

Question 17) Which among the following banks has signed an agreement with Haryana Govt. towards distribution of cellphones to customers through e-UPI system?
A) SBI
B) IOB
C) Canara Bank
D) Indian Bank
E) None of these
Answer – D) Indian Bank
Explanation:
Indian Bank has signed an agreement with Haryana Govt. for distribution of cellphones to customers through e-unified payment interface (E-UPI) system.

Question 18) Meja Urja Nigam Private Limited (MUNPL) has tied up with ____ for a short-term loan of Rs 250 crore.
A) SBI
B) IOB
C) UBI
D) PNB
E) None of these
Answer – D) PNB
Explanation:
Meja Urja Nigam Private Limited (MUNPL) has tied up with the Punjab National Bank(PNB) for a short-term loan of Rs 250 crore.

Question 19) Which among the following banks has crossed Rs 1-trillion-mark in gold loans?
A) SBI
B) IOB
C) UBI
D) PNB
E) None of these
Answer – A) SBI
Explanation:
The SBI has crossed Rs 1-trillion-mark in gold loans

Question 20) Which among the following banks has introduced a new fixed deposit product linked to the repo rate?
A) HDFC Bank
B) IndusInd Bank
C) Karur Vysya Bank
D) Axis Bank
E) Yes Bank
Answer – E) Yes Bank
Explanation:
Yes Bank has introduced a new fixed deposit product linked to the repo rate.

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Summary
This Banking Awareness blog comprises select MCQs chosen by our experts. There’s a high possibility of these MCQs appearing in the upcoming examinations. To know all about our Courses, feel free to get in touch with our support team on: 9650549487 / 9650549587 or write to us at vidyagurudelhi@gmail.com.

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