Outstanding October Current Affairs by Best Bank Coaching Institute

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1) Which among the following has announced its partnership with five badminton players – Lakshya Sen, Satwiksairaj Rankireddy, Chirag Shetty Tressa Jolly and Gayatri Gopichand?
A) Standard Chartered
B) Citibank
C) DBS Bank
D) HSBC
E) None of these
Answer – C) DBS Bank
Explanation:
DBS Bank has announced its partnership with five badminton players – Lakshya Sen, Satwiksairaj Rankireddy, Chirag Shetty, Treesa Jolly, and Gayatri Gopichand.

2) Which among the following banks has launched “Infinity Savings Account”?
A) ICICI Bank
B) Federal Bank
C) Axis Bank
D) HDFC Bank
E) None of these
Answer – C) Axis Bank
Explanation:
Private sector lender Axis Bank has launched a savings account called ‘Infinity Savings Account’ that doesn’t charge any fees for domestic banking transactions.

3) Poonawalla Fincorp will issue co-branded credit card in partnership with ______
A) Axis Bank
B) Indusind Bank
C) ICICI Bank
D) Federal Bank
E) None of these
Answer – B) Indusind Bank
Explanation:
Poonawalla Fincorp will issue co-branded credit card in partnership with Indusind Bank

4) Which among the following companies has launched “Indus” Appstore Development Platform?
A) CRED
B) Gpay
C) Phonepe
D) Paytm
E) None of these
Answer – C) Phonepe
Explanation:
PhonePe has launched “Indus” Appstore Developer Platform for Android app developers in India

5) The limit for Ways and Mean Advances (WMA) for the second half of the financial year will be ______ crore.
A) 40,000
B) 50,000
C) 60,000
D) 70,000
E) None of these
Answer – B) 50,000
Explanation:
The limit for Ways and Mean Advances (WMA) for the second half of the financial year will be 50,000 crore.

6) Manish Jain has been appointed as the Country Head – Wholesale Banking of the _____
A) Indusind Bank
B) Federal Bank
C) Yes Bank
D) Axis Bank
E) None of these
Answer – C) Yes Bank
Explanation:
Manish Jain has been appointed as the Country Head – Wholesale Banking of the Yes Bank.

7) REC Limited has signed an MoU with _______ to explore the possibility of funding projects in the Power Sector.
A) UBI
B) PNB
C) SBI
D) IOB
E) None of these
Answer – B) PNB
Explanation:
REC Limited has signed an MoU with Punjab National Bank (PNB) to jointly explore the possibility of funding projects in the Power Sector and Infrastructure & Logistics Sector under a consortium arrangement.

8) M.Rajeshwar Rao has been reappointed as the Deputy Governor of RBI for a period of _____.
A) 2 years
B) 1 year
C) 3 years
D) 2.5 years
E) None of these
Answer – B) 1 year
Explanation:
M.Rajeshwar Rao has been reappointed as the Deputy Governor of RBI for a period of one year.

9) Asset Under Management of National Pension System (NPS) and Atal Pension Yojana (APY) has crossed a milestone of ______
A) 9 lakh crore
B) 8 lakh crore
C) 10 lakh crore
D) 7 lakh crore
E) None of these
Answer – C) 10 lakh crore
Explanation:
Asset Under Management of National Pension System (NPS) and Atal Pension Yojana (APY) has crossed a milestone of 10 lakh crore.

10) Truecaller has partnered with ______ to provide a fast and secure online checkout experience for customers.
A) Paytm
B) Razorpay
C) PayU
D) BillDesk
E) None of these
Answer – B) Razorpay
Explanation:
Truecaller has partnered with Razorpay to provide a fast and secure online checkout experience for customers.

11) Which among the following banks has launched “NEO for Business” a transaction banking platform tailored for Indian MSMES?
A) Indusind Bank
B) Federal Bank
C) Yes Bank
D) Axis Bank
E) None of these
Answer – D) Axis Bank
Explanation:
Axis Bank has launched a transaction banking platform for the Indian Micro, Small and Medium Enterprises (MSMEs) called NEO for Business.

12) TruCap Finance Limited (TRU) a non – banking finance company has partnered with ______ to offer MSME business loans and gold loans to borrowers predominantly in non-urban locations.
A) Yes Bank
B) ICICI Bank
C) HDFC Bank
D) Axis Bank
E) None of these
Answer – C) HDFC Bank
Explanation:
TruCap Finance Limited (TRU) a non – banking finance company has partnered with HDFC Bank to offer MSME business loans and gold loans to borrowers predominantly in non-urban locations.

13) Which among the following companies has partnered with BankID BankAxept As to strengthen Norway’s payment system?
A) Accenture
B) Wipro
C) TCS
D) CTS
E) None of these
Answer – C) TCS
Explanation:
Tata Consultancy Services has entered a strategic partnership with BankID BankAxept AS, Norway’s national payment and electronic identity systems, to set up and manage an operations command centre that will enhance the resilience, security and availability of the country’s important financial infrastructure.

14) BCCI has announced ______ as one of the official partners for the BCCI Domestic and International Season 2023 – 2026.
A) LIC
B) ICICI Prudential
C) SBI Life
D) Max Life
E) None of these
Answer – C) SBI Life
Explanation:
BCCI has announced SBI Life as one of the official partners for the BCCI Domestic and International Season 2023 – 2026.

15) Which among the following Small Finance Banks has launched Maxima Savings Account and Business Maxima Current Account for Premium Customer Segment?
A) AU Small Finance Bank
B) Jana Small Finance Bank
C) Ujjivan Small Finance Bank
D) Equitas Small Finance Bank
E) None of these
Answer – C) Ujjivan Small Finance Bank
Explanation:
Ujjivan Small Finance Bank has launched Maxima Savings Account and Business Maxima Current Account for Premium Customer Segment.

16) Sashidhar Jagdishan, MD and CEO of _______ has been reappointed for three more years till 26, October 2026.
A) Yes Bank
B) ICICI Bank
C) HDFC Bank
D) Axis Bank
E) None of these
Answer – C) HDFC Bank
Explanation:
Sashidhar Jagdishan, MD and CEO of HDFC Bank has been reappointed for three more years till 26, October 2026.

17) Which among the following fintech platforms has acquired Mumbai-based digital invoicing and customer engagement startup BillMe?
A) Billdesk
B) Paytm
C) Razorpay
D) PayU
E) None of these
Answer – C) Razorpay
Explanation:
Fintech platform Razorpay, has announced the acquisition of BillMe, a Mumbai-based digital invoicing and customer engagement startup.

18) Which among the following financial institutions has decided to fund Odisha to increase social protection coverage for the poor?
A) IMF
B) ADB
C) World Bank
D) IFC
E) None of these
Answer – C) World Bank
Explanation:
The World Bank has decided to fund Odisha to increase social protection coverage for the poor.

19) NPCI has unveiled the “OTG Ring” the first contactless payment wearable ring in collaboration with _______
A) Heckyl
B) Vyom Labs
C) LivQuik
B) IndyPay
E) None of these
Answer – C) LivQuik
Explanation:
In collaboration with Indian startup LivQuik, NPCI has unveiled the “OTG Ring,” the first contactless payment wearable ring made in India.

20) IREDA has signed an MoU With ______ for financing of renewable energy projects.
A) UBI
B) SBI
C) BOM
B) IOB
E) None of these
Answer – C) BOM
Explanation:
The Indian Renewable Energy Development Agency (IREDA) has signed a Memorandum of Understanding (MoU) with the Bank of Maharashtra for financing of renewable energy projects.