General Awareness Quiz for Bank Mains Exams 2023 -11th July

Q1. The Reserve Bank of India (RBI) has introduced the CIMS to revolutionize its data handling, analysis, and governance. What is the meaning of the abbreviation of ‘I’ in CIMS?
(a) Integrated
(b) Innovative
(c) Interlinked
(d) Information
(e) None of the above

Q2. Which bank launches 34 Transaction Banking hubs nationwide to provide efficient and quick Transaction Banking solutions to customers?
(a) ICICI Bank
(b) State Bank of India
(c) Bank of Maharashtra
(d) Axis Bank
(e) None of the above

Q3. According to official data released by the Controller General of Accounts (CGA), the central government’s fiscal deficit for the financial year 2023-24 stood at how much of the full-year budget estimates at the end of May 2023?
(a) 3.9%
(b) 20.2%
(c) 11.8%
(d) 32.5%
(e) None of the above

Q4. Which of the payment processor company has announced its acquisition of Brazilian fintech platform Pismo for $1 billion in cash?
(a) PayPal
(b) American Express
(c) MasterCard
(d) Visa
(e) None of the above

Q5. State Bank of India, the country’s largest lender, has announced the appointment of whom as its Chief Financial Officer (CFO)?
(a) Ian De Souza
(b) Kameshwar Rao Kodavanti
(c) Prabodh Parikh
(d) Om Prakash Mishra
(e) None of the above

Q6. The Reserve Bank of India (RBI) made a significant announcement on June 27, revoking the banking permit of Mahalaxmi Cooperative Bank Ltd. In which state the Mahalaxmi Cooperative Bank Ltd. is situated?
(a) Uttar Pradesh
(b) Maharashtra
(c) Karnataka
(d) Delhi
(e) None of the above

Q7. State Bank of India celebrated its 68th Bank Day recently. In which year State Bank of India was incorporated?
(a) 1949
(b) 1955
(c) 1930
(d) 1962
(e) None of the above

Q8. IDFC First Bank and IDFC Ltd have announced their merger plans, with a share exchange ratio of 155 equity shares of IDFC First Bank for every 100 equity shares of IDFC. Where headquarter of IDFC first bank is located?
(a) New Delhi
(b) Kolkata
(c) Mumbai
(d) Kozhikode
(e) None of the above

Q9. Reserve Bank holds 33rd conference of State Finance secretaries on the focus theme of ‘Debt Sustainability: States’ Perspective’. Where the 33rd conference of state finance secretaries was held?
(a) Mumbai
(b) Ahmedabad
(c) New Delhi
(d) Allahabad
(e) None of the above

Q10. Piramal Finance, a leading housing finance company, has taken a significant step towards empowering women by opening its first all-women branch called “Maitreyi” in which of the following place?
(a) Guwahati
(b) Dehradun
(c) Indore
(d) Kochi
(e) None of the above

Solutions

S1. Ans(d)
Sol. The Reserve Bank of India (RBI) has introduced the Centralised Information Management System (CIMS) to revolutionize its data handling, analysis, and governance.
The system leverages advanced technology to manage big data, enabling powerful data mining, text mining, visual analytics, and statistical analysis.

S2. Ans (b)
Sol. On the occasion of its 68th foundation day, the State Bank of India (SBI) has inaugurated 34 Transaction Banking Hubs across 21 district centres in the country.
These hubs aim to provide efficient and quick Transaction Banking solutions to customers.

S3. Ans(c)
Sol. According to official data released by the Controller General of Accounts (CGA), the central government’s fiscal deficit for the financial year 2023-24 stood at Rs 2.1 lakh crore or 11.8% of the full-year budget estimates at the end of May 2023.

S4. Ans (d)
Sol. Visa, the world’s largest payments processor, has announced its acquisition of Brazilian fintech platform Pismo for $1 billion in cash.
This move aims to enhance Visa’s footprint in Latin America and demonstrates renewed confidence in the region amidst a slowdown in funding.

S5. Ans(b)
Sol. State Bank of India, the country’s largest lender, has announced the appointment of Kameshwar Rao Kodavanti as its Chief Financial Officer (CFO).
Kodavanti, who has been with the bank since 1991, assumed the position on July 1, 2023. This article provides details about Kodavanti’s appointment and his professional background.

S6. Ans(c)
Sol. The Reserve Bank of India (RBI) made a significant announcement on June 27, revoking the banking permit of Mahalaxmi Cooperative Bank Ltd in Dharwad, Karnataka.
Effective immediately on June 27, the RBI officially canceled the banking license granted to Mahalaxmi Cooperative Bank Ltd, which had been in effect since March 23, 1994.

S7. Ans(b)
Sol. The State Bank of India was incorporated by an Act of Parliament on 01.07.1955.

S8. Ans(c)
Sol. Mumbai, Maharashtra is the HQ of IDFC First Bank.
The merger aims to simplify the corporate structure, increase the book value per share, and streamline regulatory compliance.
The merger is expected to be completed in the current financial year, subject to unforeseen circumstances.

S9. Ans(a)
Sol. The 33rd Conference of the State Finance Secretaries was held in Mumbai.
The event was attended by Finance Secretaries from 23 states, one Union Territory, officials from the Ministry of Finance, Government of India, Controller General of Accounts, and the Comptroller and Auditor General of India.

S10. Ans(d)
Sol. Piramal Finance, a leading housing finance company, has taken a significant step towards empowering women by opening its first all-women branch called “Maitreyi” in Tripunithura, a suburban area in Kochi.
This strategic expansion initiative aims to cater to the unique needs of female customers and tap into the growing market potential.