Top Banking Awareness June 2022 Quiz by Online IBPS Classes

IBPS has recently published the notification for Clerical recruitment in 11 Nationalized Banks. 27th July is the last date for filling the online application for the IBPS Clerk Exam which is scheduled to be conducted in September.

When it comes to the GK section of IBPS and SBI exams, questions on Banking Awareness (BA) carry utmost significance. However, many candidates are clueless regarding how to prepare for these questions. As the centre for Best Bank Coaching Online Classes in India, Vidya Guru publishes quality Current Affairs (CA) videos which cover the significant developments taking place in the field of Banking and Finance.

We suggest that you go and check out these Online Videos on our YouTube channel and attempt our BA and CA quizzes to enhance your learning. The quizzes published by our GK experts are especially vital as they give you the finest picture of the kind of questions asked in the exam.

So, let us crack our latest quiz!!

Banking Awareness June 2022 Quiz

Question 1) BoB Financial and ______ have jointly introduced co-branded contactless RuPay credit cards.
A) BPCL
B) HPCL
C) IOC
D) ONGC
E) None of these
Answer -B) HPCL
Explanation:
BoB Financial and Hindustan Petroleum Corporation Limited(HPCL) have jointly introduced co-branded contactless RuPay credit cards.

Question 2) Which among the following banks has introduced service charges for Aadhaar Enabled Payment System(AePS)?
A) BOB
B) Indian Bank
C) IOB
D) IPPB
E) None of these
Answer – D) IPPB
Explanation:
India Post Payments Bank(IPPB) has introduced service charges for Aadhaar Enabled Payment System(AePS)

Question 3) MUFG Bank of _____ received approval to open a branch at GIFT City.
A) China
B) Australia
C) Spain
D) Japan
E) None of these
Answer – D) Japan
Explanation:
MUFG Bank of Japan received approval to open a branch at GIFT City

Question 4) The Reserve Bank of India (RBI) has eased norms for the non-bank entities to set up Bharat Bill Payment Operating Units(BBPOU) by reducing the net-worth requirement to ______
A) Rs. 20 crore
B) Rs. 25 crore
C) Rs. 35 crore
D) Rs. 30 crore
E) None of these
Answer – B) Rs. 25 crore
Explanation:
The RBI has eased norms for the non-bank entities to set up Bharat Bill Payment Operating Units(BBPOU) by reducing the net-worth requirement to 25 crore.

Question 5) The venue of AAROHAN 4.0, Two days meeting of senior functionaries of the Postal Department and India Post payments Bank (IPPB) is located in _____
A) Madhya Pradesh
B) Mizoram
C) Telangana
D) Chhattisgarh
E) Himachal Pradesh
Answer – E) Himachal Pradesh
Explanation:
The venue of AAROHAN 4.0, Two days meeting of senior functionaries of the Postal Department and India Post payments Bank (IPPB) is located in Shimla, Himachal Pradesh.

Question 6) Rural Fintech startup Mahagram has partnered with ____ to nurture digital payments.
A) BOB
B) Indian Bank
C) Indusind Bank
D) UBI
E) None of these
Answer – C) Indusind Bank
Explanation:
Rural Fintech startup Mahagram has partnered with Indusind Bank to nurture digital payments.

Question 7) Which among the following banks has partnered with Retailio to launch co-branded credit cards?
A) HDFC Bank
B) ICICI Bank
C) Federal Bank
D) CSB Bank
E) Axis Bank
Answer – A) HDFC Bank
Explanation:
HDFC Bank has partnered with Retailio to launch co-branded credit cards

Question 8) The RBI has sanctioned a surplus transfer to the Central Government of _____ for the FY 2021-22.
A) Rs. 32,407 crore
B) Rs. 31,407 crore
C) Rs. 32,307 crore
D) Rs. 30,307 crore
E) None of these
Answer – D) Rs. 30,307 crore
Explanation:
The RBI has sanctioned a surplus transfer to the Central Government of Rs. 30,307 crore for the financial year 2021-22.

Question 9) Which among the following banks will open its first regional office in India at the Gujarat International Finance Tec-City(GIFT City)?
A) ADB
B) BSTDB
C) IsDB
D) NDB
E) None of these
Answer – D) NDB
Explanation:
The New Development Bank(NDB) will open its first regional office in India at the Gujarat International Finance Tec-City(GIFT City)

Question 10) Which among the following banks has partnered with Amazon Pay, and Amazon Web Services (AWS) to deliver Universal Payments Interface (UPI) payments?
A) BoB
B) ICICI Bank
C) Federal Bank
D) RBL Bank
E) None of these
Answer – D) RBL Bank
Explanation:
RBL Bank has partnered with Amazon Pay, and Amazon Web Services (AWS) to deliver universal payments interface (UPI) payments.

Question 11) Which among the following banks has launched a digital renewal scheme for Kisan Credit Card(KCC) account holders?
A) BOB
B) Indian Bank
C) Indusind Bank
D) UBI
E) None of these
Answer – B) Indian Bank
Explanation:
Indian Bank has launched a digital renewal scheme for Kisan Credit Card (KCC) account holders.

Question 12) Which among the following has become the first RBI licensed PPI to launch cash withdrawal across all ATMs?
A) Borrowl
B) Horizn Studios
C) tinyFinder
D) OmniCard
E) None of these
Answer – D) OmniCard
Explanation:
OmniCard has become the first RBI licensed PPI to launch cash withdrawal across all ATMs.

Question 13) The Reserve Bank of India (RBI) has increased the existing limits on individual housing loans provided by ______
A) Private Banks
B) PSB
C) Rural Banks
D) Co-operative Banks
E) None of these
Answer – D) Co-operative Banks
Explanation:
The Reserve Bank of India (RBI) has increased the existing limits on individual housing loans provided by Co-operative Banks

Question 14) Which among the following has partnered with Go Digit General Insurance Limited for shop insurance coverage?
A) India Post Payments Bank
B) Fino Payments Bank Limited
C) Airtel Payments Bank
D) Paytm Payments Bank
E) Jio Payment Bank
Answer – B) Fino Payments Bank Limited
Explanation:
Fino Payments Bank Limited has partnered with Go Digit General Insurance Limited to provide small and medium business owners with shop insurance coverage.

Question 15) Which among the following has partnered with ZestMoney to Expand ‘Cardless EMI’ Facility?
A) BoB
B) ICICI Bank
C) Federal Bank
D) RBL Bank
E) None of these
Answer – B) ICICI Bank
Explanation:
ICICI Bank has partnered with ZestMoney to Expand ‘Cardless EMI’ Facility.

Question 16) The Reserve Bank of India has cancelled the licence of “The Mudhol Co-operative Bank Limited, located in ______
A) Tamil Nadu
B) Karnataka
C) Telangana
D) Andhra Pradesh
E) None of these
Answer – B) Karnataka
Explanation:
Reserve Bank of India (RBI) has annulled the Banking licence of ‘Mudhol Co-operative Bank Ltd, which is located in Bagalkot, Karnataka.

Question 17) Which among the following has tied up with Accenture for digital transformation?
A) LIC HFL
B) Housing Development Finance Corporation
C) Repco Home Finance
D) Can Fin Homes Ltd
E) None of these
Answer – B) Housing Development Finance Corporation
Explanation:
Housing Development Finance Corporation(HDFC) has tied up with Accenture for digital transformation.

Question 18) Which among the following neo banking platform has launched #LiveBoundless – a credit line card especially for women?
A) Jupiter
B) Razorpay
C) Instapay
D) Kotak811
E) Stashfin
Answer – E) Stashfin
Explanation:
Stashfin has launched #LiveBoundless – a credit line card especially for women.

Question 19) RBI has imposed a penalty of ____ on Bassein Catholic Co-operative Bank, Vasai for non-compliance with prudential norms.
A) Rs. 60 lakh
B) Rs. 50 lakh
C) Rs. 49 lakh
D) Rs. 59 lakh
E) None of these
Answer – C) Rs. 49 lakh
Explanation:
The Reserve Bank of India(RBI) has imposed a penalty of Rs 49 lakh on Bassein Catholic Co-operative Bank, Vasai for non-compliance with prudential norms.

Question 20) RBI has imposed _____ penalty on Punjab & Sind Bank
A) Rs 29.5 lakh
B) Rs 28.5 lakh
C) Rs 27.5 lakh
D) Rs 26.5 lakh
E) None of these
Answer – C) Rs 27.5 lakh
Explanation:
RBI has imposed Rs 27.5 lakh penalty on Punjab & Sind Bank

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Summary
This Banking GK quiz comprises 20 MCQs. Wherever required, we have provided some brief background information as well to help you understand the context of these questions. Finally, do visit the Vidya Guru YouTube channel, subscribe to it and press the bell icon to keep getting updates of the Free Content posted by our experts.