General Awareness Quiz for Bank Mains Exams 2023-09th September

Q1. Which bank has announced the launch of an IVR-based UPI solution called ‘UPI 123PAY’ to propel India towards a cashless and cardless society?
(a) Punjab National Bank
(b) HDFC Bank
(c) Canara Bank
(d) Federal Bank
(e) None of the above

Q2. Which bank achieved a significant milestone by securing the top spot in CRISIL’s Greenwich market share Leaders in Large Corporate Banking?
(a) ICICI Bank
(b) Bank of Baroda
(c) HDFC Bank
(d) Indian Bank
(e) None of the above

Q3. Which payments bank became the first Indian Bank to launch an eco-friendly debit card for its new and existing customers with a savings bank account?
(a) Paytm Payments Bank
(b) India Post Payments Bank
(c) Fino Payments Bank
(d) Airtel Payment Bank
(e) None of the above

Q4. Which bank has introduced a new feature that allows customers to use voice biometric authentication when logging into the bank’s mobile banking app, aimed at improving security?
(a) Bank of America
(b) City Union Bank
(c) Axis Bank
(d) IDFC First Bank
(e) None of the above

Q5. The Securities and Exchange Board of India (SEBI) has introduced LEI system for issuers that have listed or are planning to list non-convertible securities, securitized debt instruments, and security receipts. What is the meaning of ‘L’ in LEI system?
(a) Legal
(b) Listed
(c) Limit
(d) Long term
(e) None of the above

Q6. Give the name of a neo-banking startup which has obtained a non-banking finance company (NBFC) license from the Reserve Bank of India (RBI) to enable the company to provide credit from its own resources.
(a) Jupiter
(b) Magma
(c) Findeck
(d) Elipsee
(e) None of the above

Q7. RBI Includes ‘NongHyup Bank’ In The List Of Scheduled Banks Under Schedule II of RBI Act, 1934. ‘NongHyup Bank’ hails from which of the following countries?
(a) Russia
(b) Germany
(c) Sweden
(d) South Korea
(e) None of the above

Q8. Which entity has recently updated its ‘Alert List’ to caution the public about unauthorised forex trading platforms to protect residents from fraudulent activities related to forex trading?
(a) SEBI
(b) Finance Ministry
(c) RBI
(d) NSE
(e) None of the above

Q9. The National Housing Bank (NHB) has announced the operationalization of the ₹10,000-crore Urban Infrastructure Development Fund (UIDF). Where is the Headquarters of NHB located?
(a) Vadodara
(b) New Delhi
(c) Chennai
(d) Kolkata
(e) None of the above

Q10. Which bank has joined forces with the Reserve Bank Innovation Hub (RBIH) to introduce two groundbreaking lending products named Kisan Credit Cards (KCC) for Agricultural Growth and Unsecured MSME Loans for Business Growth?
(a) Union Bank of India
(b) HDFC Bank
(c) State Bank of India
(d) Axis Bank
(e) None of the above

Solutions

S1. Ans (a)
Sol. State-owned Punjab National Bank (PNB) has announced the launch of UPI 123PAY, an IVR-based UPI solution. This offering is in line with the Digital Payment Vision 2025, aiming to propel India towards a cashless and cardless society.

S2. Ans (c)
Sol. HDFC Bank, India’s largest private lender, achieved a significant milestone by overtaking State Bank of India (SBI) to secure the top spot in CRISIL’s Greenwich market share Leaders in Large Corporate Banking.

S3. Ans (d)
Sol. India’s first payment bank, Airtel Payment Bank also became the first Indian Bank to launch an eco-friendly debit card for its new and existing customers with a savings bank account.
The debit cards will be crafted from recycle- Poly Vinyl Chloride (r-PVC) material, a certified eco-friendly material, against normal PVC cards.
S4. Ans (b)
Sol. City Union Bank Limited (CUB) has introduced a new feature that allows customers to use voice biometric authentication when logging into the bank’s mobile banking app, aimed at improving security.

The bank plans to extend this feature to net banking users as well, and the development process is currently underway.
S5. Ans(a)
Sol. The Securities and Exchange Board of India (SEBI) has introduced the Legal Entity Identifier (LEI) system for issuers that have listed or are planning to list non-convertible securities, securitized debt instruments, and security receipts.

This unique global identifier for legal entities participating in financial transactions aims to create a global reference data system that uniquely identifies every legal entity that is a party to a financial transaction.

S6. Ans(a)
Sol. Jupiter, a neobanking startup, has obtained a non-banking finance company (NBFC) license from the Reserve Bank of India (RBI), enabling the company to provide credit from its own resources.

According to Jitendra Gupta, the founder of Amica Financial Technologies Ltd., which operates Jupiter, the company will appoint a professional chief executive officer to manage the NBFC operations.

S7. Ans(d)
Sol. NongHyup Bank hails from Jung-gu, Seoul, South Korea and has been actively operating in India since its establishment in 2016.

The inclusion in the Second Schedule is set to enhance the bank’s presence and further its financial endeavors in the Indian market.
S8. Ans(c)
Sol. The (RBI) has recently updated its ‘Alert List’ to caution the public about unauthorised forex trading platforms. The list, which initially contained 34 entities, has now been expanded to include eight additional names, bringing the total to 56.

S9. Ans(b)
Sol. The National Housing Bank is situated in New Delhi. It was founded on 9th July 1988.

S10. Ans(d)
Sol. In a significant partnership, Axis Bank has joined forces with the Reserve Bank Innovation Hub (RBIH), a subsidiary of the Reserve Bank of India (RBI), to introduce two groundbreaking lending products.
These products are powered by the Public Tech Platform for Frictionless Credit (PTPFC), a pioneering initiative launched by RBIH.