General Awareness Quiz for Bank Mains Exams 2023-06th December

Q1. In the fiscal year 2023 the CEO of HDFC Bank has taken the top spot as the highest paid bank CEO. Who is the CEO of HDFC Bank currently?
(a) Sandeep Bakshi
(b) Keki Mistry
(c) Sashidhar Jagdidhan
(d) Aditya Puri
(e) None of the above

Q2. Which public sector bank has presented the highest-ever dividend cheque of Rs 5,740 crore to Finance Minister Nirmala Sitharaman for the financial year 2022-23?
(a) Bank of Baroda
(b) State Bank of India
(c) Bank of Maharashtra
(d) Indian Bank
(e) None of the above

Q3. Name the bank has debuted four specialised bank accounts catering to different segments of the population in which two accounts named as ‘Unnati’ and ‘Samridhi’ launched for women?
(a) State Bank of India
(b) Axis Bank
(c) Federal Bank
(d) Union Bank of India
(e) None of the above

Q4. Which bank has been recognized as the best bank in managing bad loans, achieving a remarkably low net non-performing assets (NPAs) ratio of 0.25% during the financial year that ended in March 2023?
(a) Indian Bank
(b) Bank of Baroda
(c) State Bank of India
(d) Bank of Maharashtra
(e) None of the above

Q5. Which Small Finance Bank has announced that it has been granted permission by the Reserve Bank of India (RBI) to act as an authorized dealer in foreign exchange?
(a) Ujjivan Small Finance Bank
(b) AU Small Finance Bank
(c) Jana Small Finance Bank
(d) Suryodaya Small Finance Bank
(e) None of the above

Q6. Which bank launches a digital distribution platform called ‘Smart Saathi’ for its agents and partners to take banking products and services to the last mile, and contribute to the development of the country?
(a) DCB Bank
(b) ICICI Bank
(c) Indian Bank
(d) HDFC Bank
(e) None of the above

Q7. Which payments bank has collaborated with the National Payments Corporation of India (NPCI) to introduce face authentication for the Aadhaar-enabled Payment System (AePS) recently?
(a) Jio Payments Bank
(b) Airtel Payments Bank
(c) Post Payments Bank
(d) Fino Payments Bank
(e) None of the above

Q8. Which of the following entities is set to introduce a new secured web-based portal called “PRAVAAH” (Platform for Regulatory Application, Validation And AutHorisation) aimed at simplifying and streamlining the application processes?
(a) RBI
(b) NABARD
(c) SEBI
(d) NITI Aayog
(e) None of the above

Q9. Which bank has recently launched the Interoperable Cardless Cash Withdrawal (ICCW) facility for its customers to withdraw money from ATMs using the United Payment Interface (UPI), eliminating the need for a physical card?
(a) Bank of Baroda
(b) ICICI Bank
(c) HDFC Bank
(d) Indian Bank
(e) None of the above

Q10. Which bank has announced the launch of its Metaverse (a virtual branch) to offer a unique banking experience to customers for exploring various products and services such as bank deposits, loans, digital products, and government schemes through their mobile phones and laptops?
(a) Kotak Mahindra Bank
(b) Punjab National Bank
(c) State Bank of India
(d) HDFC Bank
(e) None of the above

Solutions

S1. Ans (c)
Sol. In the fiscal year 2023, Sashidhar Jagdidhan, the CEO of HDFC Bank has taken the top spot as the highest paid bank CEO.
Sashidhar Jagdishan took over as CEO of the HDFC Bank in late 2020 and has shown exceptional leadership during his tenure.

S2. Ans (b)
Sol. State Bank of India (SBI), the country’s largest public sector bank, has presented a dividend cheque of Rs 5,740 crore to Finance Minister Nirmala Sitharaman for the financial year 2022-23.
The dividend payment was made by SBI Chairman Dinesh Kumar Khara, in the presence of Financial Services Secretary Vivek Joshi.
This dividend amount marks the highest-ever dividend given by SBI to the Government of India for a financial year.

S3. Ans (d)
Sol. Union Bank of India has debuted four specialised bank accounts catering to different segments of the population, namely women, women entrepreneurs and professionals, pensioners, and cooperative housing societies.
The first account, called Union Unnati, is a current account designed specifically for women entrepreneurs and professionals, providing free cancer care coverage, personal accident cover, discounts in loan interest rates, retail loan processing charges, and minimal service fees.
Another account that targets women is the Union Samriddhi, which empowers women through a safe and convenient savings and financial management outlet, offering the same benefits as Union Unnati.

S4.Ans (d)
Sol. Bank of Maharashtra (BoM), a Pune-based state-owned lender, has been recognized as the best bank in managing bad loans, achieving a remarkably low net non-performing assets (NPAs) ratio of 0.25% during the financial year that ended in March 2023.
This achievement positions BoM as the leader among all banks with total business exceeding Rs 3 lakh crore, not limited to public sector banks (PSBs), according to the published yearly data of banks.

S5. Ans(b)
Sol. AU Small Finance Bank has announced that it has been granted permission by the Reserve Bank of India (RBI) to act as an authorized dealer in foreign exchange.

The bank has received a license to operate as an Authorized Dealer Category-I (AD-I) under section 10 of FEMA, 1999.

S6. Ans(d)
Sol. HDFC Bank, one of India’s leading private sector banks, has introduced its digital distribution platform, HDFC Bank Smart Saathi, to connect business correspondents (BCs) and business facilitators (BFs) to the bank.

The platform aims to take banking products and services to the last mile, and contribute to the development of the country.
S7. Ans(b)
Sol. Airtel Payments Bank has collaborated with the National Payments Corporation of India (NPCI) to introduce face authentication for the Aadhaar-enabled Payment System (AePS) at its five lakh banking points.

The move comes as one of the first initiatives of its kind in India, where four banks have partnered with NPCI to offer face authentication for AePS.

S8. Ans(a)
Sol. RBI is set to introduce a new secured web-based portal called “PRAVAAH” (Platform for Regulatory Application, Validation And AutHorisation) aimed at simplifying and streamlining the application processes.

The portal will display the timeframes for deciding on applications and approvals, leading to greater effectiveness in regulatory processes and making it easier for regulated entities to do business with RBI.

S9. Ans(a)
Sol. Bank of Baroda, a prominent public lender, has recently launched an Interoperable Cardless Cash Withdrawal (ICCW) facility for its customers.

This innovative service allows customers to withdraw money from ATMs using the United Payment Interface (UPI), eliminating the need for a physical card.

S10. Ans(b)
Sol. Punjab National Bank (PNB) has announced the launch of PNB Metaverse, a virtual branch that offers a unique banking experience.
Customers can explore various products and services such as bank deposits, loans, digital products, and government schemes through their mobile phones and laptops.