Top Banking Awareness Quiz by Online SBI Coaching Classes

In order to provide quality exam oriented guidance to Bank PO and Clerical job aspirants, Vidya Guru Faculty members publish Current Affairs as well as Banking Awareness quizzes. Since these areas form the core of the GK section in IBPS and SBI exams, we suggest you carefully go through each and every question we discuss here.

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January 2022 Banking Awareness

Question 1) Which of the following Small Finance Banks (SFB) has launched ‘Platina Fixed Deposit’?
A) Ujjivan Small Finance Bank
B) AU Small Finance Bank
C) Jana Small Finance Bank
D) ESAF Small Finance Bank
E) Unity Small Finance Bank
Answer – A) Ujjivan Small Finance Bank
Explanation:
The Ujjivan Small Finance Bank(SFB) has introduced the ‘Platina Fixed Deposit’ scheme.

Question 2) The Central Government has sanctioned and notified the scheme for the amalgamation of the Punjab and Maharashtra Co-operative Bank Ltd with ______
A) Ujjivan Small Finance Bank
B) AU Small Finance Bank
C) Jana Small Finance Bank
D) ESAF Small Finance Bank
E) Unity Small Finance Bank
Answer – E) Unity Small Finance Bank
Explanation:
The Central Government has sanctioned and notified the Scheme for the amalgamation of the Punjab and Maharashtra Co-operative Bank Ltd with Unity Small Finance Bank.

Question 3) Which of the following banks has partnered with ‘Lendingkart Technologies’ subsidiary of Lendingkart Finance to co-lend business loans to MSME borrowers across India at low interest rates?
A) Bank Of Baroda(BOB)
B) South Indian Bank
C) Bank Of Maharashtra(BOM)
D) Union Bank of India(UBI)
E) ICICI Bank
Answer – C) Bank Of Maharashtra(BOM)
Explanation:
Bank Of Maharashtra(BOM) has partnered with ‘lendingkart Technologies’ subsidiary of Lendingkart Finance to co-lend business loans to MSME borrowers across India at low interest rates.

Question 4) Which of the following banks has partnered with GOQii to launch a fitness watch debit card, a wearable payment solution?
A) Kotak Bank
B) Bank Of Baroda(BOB)
C) City Union Bank(CUB)
D) Union Bank of India(UBI)
E) ICICI Bank
Answer – C) City Union Bank(CUB)
Explanation:
The City Union Bank has partnered with smart-tech-enabled preventive healthcare platform GOQii and powered by National Payments Corporation of India (NPCI), launched a CUB fitness watch debit card, a wearable payment solution.

Question 5) Which of the following has approved a loan of $125 million to West Bengal?
A) ADB
B) World Bank
C) UNDP
D) IMF
E) None of these
Answer – B) World Bank
Explanation:
The World Bank has approved a loan of around Rs 1,000 crore ($125 million) to West Bengal for social protection.

Question 6) Which of the following has partnered with the One97 Communications Limited, the parent company of Paytm to provide lending products to micro, small and medium enterprises (MSMEs).
A) Fullerton India
B) Phonepe
C) Freecharge
D) Mobikwik
E) NBBL
Answer – A) Fullerton India
Explanation:
Fullerton India Credit Co. Ltd, a non – banking financial company has partnered with One97 Communications Limited, the parent company of Paytm to provide lending products to micro, small and medium enterprises (MSMEs).

Question 7) The Reserve Bank of India (RBI) recently allowed all existing non-deposit taking Non-Banking Finance Company-Investment and Credit Companies (NBFC-ICCs) with asset size of _______ and above to undertake factoring business.
A) Rs.1000 crore
B) Rs.2000 crore
C) Rs.3000 crore
D) Rs.4000 crore
E) Rs.5000 crore
Answer – A) Rs.1000 crore
Explanation:
The Reserve Bank of India (RBI) allowed all existing non-deposit taking Non-Banking Finance Company-Investment and Credit Companies (NBFC-ICCs) with asset size of Rs.1000 crore and above to undertake factoring business.

Question 8) Which among the following has unveiled Saa₹thi, a mobile application for investors?
A) SBI
B) ICICI Bank
C) SIDBI
D) SEBI
E) None of these
Answer – D) SEBI
Explanation:
The Securities and Exchange Board of India (SEBI) has unveiled Saa₹thi, a mobile application for investors in order to improve investor awareness about the fundamentals of the securities market.

Question 9) The SIDBI (Small Industries Development Bank of India) has sanctioned financial assistance of Rs 650 crore to ______
A) Ujjivan Small Finance Bank and Unity Small Finance Bank
B) AU Small Finance Bank and Suryoday Small Finance Bank
C) Jana Small Finance Bank and AU Small Finance Bank
D) ESAF Small Finance Bank and Ujjivan Small Finance Bank
E) Unity Small Finance Bank and Utkarsh Small Finance Bank
Answer – C) Jana Small Finance Bank and AU Small Finance Bank
Explanation: The SIDBI(Small Industries Development Bank of India) has sanctioned financial assistance of Rs 650 crore to AU Small Finance Bank and Jana Small Finance Bank

Question 10) The Reserve Bank of India (RBI) has extended currency swap facilities of ______ to Sri Lanka.
A) $920 million
B) $960 million
C) $970 million
D) $980 million
E) $900 million
Answer – E) $900 million
Explanation:
The Reserve Bank of India (RBI) has extended currency swap facilities of $900 million to Sri Lanka.

Question 11) The Headquarters of National Housing Bank (NHB) is located in ______
A) New Delhi
B) Lucknow
C) Mumbai
D) Bengaluru
E) Hyderabad
Answer – A) New Delhi
Explanation:
National Housing Bank (NHB), the apex regulatory and licensing body of housing finance companies (HFCs) in India, is headquartered at New Delhi.

Question 12) Small Industries Development Bank of India (SIDBI), the regulatory body for overall licensing of micro, small and medium enterprise finance companies in India, is headquartered at ______
A) New Delhi
B) Lucknow
C) Mumbai
D) Bengaluru
E) Hyderabad
Answer – B) Lucknow
Explanation:
Small Industries Development Bank of India (SIDBI) is the apex regulatory body for overall licensing of micro, small and medium enterprise (MSME) finance companies in India. It is headquartered at Lucknow.

Question 13) Micro Units Development and Refinance Agency (MUDRA) Bank is a public sector financial institution headquartered at _______
A) New Delhi
B) Lucknow
C) Mumbai
D) Bengaluru
E) Hyderabad
Answer – C) Mumbai
Explanation:
Micro Units Development and Refinance Agency (MUDRA) Bank is a public sector financial institution which provides loans at low rates to micro-finance and non-banking financial institutions.

Question 14) National Bank for Agriculture and Rural Development (NABARD), the regulatory body for Regional Rural Banks (RRBs) and apex cooperative banks, is based in ______
A) New Delhi
B) Lucknow
C) Mumbai
D) Bengaluru
E) Hyderabad
Answer – C) Mumbai
Explanation:
National Bank for Agriculture and Rural Development (NABARD), the regulatory body for Regional Rural Banks (RRBs) and apex cooperative banks, is based in Mumbai.

Question 15) The Securities and Exchange Board of India (SEBI), the regulatory body for securities and commodity markets in India, is headquartered at ______
A) New Delhi
B) Lucknow
C) Mumbai
D) Bengaluru
E) Hyderabad
Answer – C) Mumbai
Explanation:
The Securities and Exchange Board of India (SEBI), the regulatory body for securities and commodity markets in India, has its headquarter in Mumbai.

Question 16) The Insurance Regulatory and Development Authority of India (IRDAI), the statutory regulatory body for licensing the insurance and reinsurance industries in India, is headquartered at __________
A) New Delhi
B) Lucknow
C) Mumbai
D) Bengaluru
E) Hyderabad
Answer – E) Hyderabad
Explanation:
The Insurance Regulatory and Development Authority of India (IRDAI), the statutory regulatory body for licensing the insurance and reinsurance industries in India, is headquartered at Hyderabad.

Question 17) Pension Fund Regulatory and Development Authority (PFRDA) is the statutory regulatory body for overall supervision and regulation of pensions in India headquartered at __________
A) New Delhi
B) Lucknow
C) Mumbai
D) Bengaluru
E) Hyderabad
Answer – A) New Delhi
Explanation:
Pension Fund Regulatory and Development Authority (PFRDA) is the statutory regulatory body for overall supervision and regulation of pensions in India headquartered at New Delhi.

Question 18) The Employees’ Provident Fund Organization (EPFO), the statutory body under the Government of India’s Ministry of Labor and Employment, which is responsible for regulation and management of provident funds in India, is headquartered at ________
A) New Delhi
B) Lucknow
C) Mumbai
D) Bengaluru
E) Hyderabad
Answer – A) New Delhi
Explanation:
The Employees’ Provident Fund Organization (EPFO), the statutory body under the Government of India’s Ministry of Labor and Employment, which is responsible for regulation and management of provident funds in India, is headquartered at New Delhi.

Question 19) National Securities Depository Limited (NSDL) is an Indian central securities depository, based in ________
A) New Delhi
B) Lucknow
C) Mumbai
D) Bengaluru
E) Hyderabad
Answer – C) Mumbai
Explanation:
National Securities Depository Limited (NSDL), the Indian central securities depository, is headquartered at Mumbai.

Question 20) Central Depository Services Ltd (CDSL), the 1st listed Indian central securities depository and a division of the Securities and Exchange Board of India (SEBI), is based in ________
A) New Delhi
B) Lucknow
C) Mumbai
D) Bengaluru
E) Hyderabad
Answer – C) Mumbai
Explanation:
Central Depository Services Ltd (CDSL), the first listed Indian central securities depository and a division of the Securities and Exchange Board of India (SEBI), is based in Mumbai.

Going through the above quiz must have given you an insight into the kind of questions that are nowadays seen in SBI PO, IBPS Clerk and RBI assistant exams. However, if you want to cover the Current Affairs section in further depth, you must create a Student Login account on our website. Upon successful account creation, you will be able to download the monthly Current Affairs magazine published by our expert faculty members.

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Summary
The above quiz on Banking Awareness has been created by our subject matter experts based on the latest trend of questions in Probationary Officer and Clerical recruitment exams. Apart from it, these questions are helpful for LIC, SEBI and NICL exams. In case of any doubts or queries, you can also write to us at vidyagurudelhi@gmail.com.