General Awareness Quiz for Bank Mains Exams 2023-16th April

Q1. Which payments bank launched its WhatsApp Banking Services in New Delhi, allowing customers to conveniently access banking services on their mobile phones?
(a) India Post Payments Bank
(b) Airtel Payments Bank
(c) Jio Payments Bank
(d) Fino Payments Bank
(e) None of the above

Q2. Which of the following entity has shared details on India’s International Investment Position (IIP) at the end of December 2022?
(a) United Nations
(b) World Trade Organisation
(c) Reserve Bank of India
(d) World Bank
(e) None of the above

Q3. Which of the following entity 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

Q4. Which bank collaborated with National Payments Corporation of India (NPCI) for launching the Rupay Credit Card through UPI using the BHIM app to leverage the reach of UPI and the strength of credit card products?
(a) Bank of Baroda
(b) Karnataka Bank
(c) ICICI Bank
(d) Canara Bank
(e) None of the above

Q5. Which bank has announced its collaboration with the Swedish company Crunchfish to launch a pilot project to demonstrate offline retail payments?
(a) IDFC First Bank
(b) Canara Bank
(c) Kotak Mahindra Bank
(d) DBS Bank
(e) None of the above

Q6. The Reserve Bank of India imposed a Rs 5,000 cap on withdrawals by individual customers from Musiri Urban Co-operative Bank as part of several restrictions slapped on the lender due to its deteriorating financial condition. Musiri Urban co-operative bank is based in at which place?
(a) Uttar Pradesh
(b) Maharashtra
(c) Tamil Nadu
(d) Kerala
(e) None of the above

Q7. The Reserve Bank of India launched __________key surveys, the results of which provide “useful inputs” for the central bank’s bi-monthly monetary policy.
(a) Six
(b) Two
(c) Five
(d) Three
(e) None of the above

Q8. Which of the following would launch a pilot project to evaluate the operation of a QR-code based coin vending machine in collaboration with banks?
(a) Indian Banks’ Association
(b) Institute for Development and Research in Banking Technology
(c) Reserve Bank of India
(d) National Payment Corporation of India
(e) None of the above

Q9. Which of the General Insurance company has introduced an industry-first feature for health insurance policyholders called ‘Anywhere Cashless?
(a) ICICI Lombard
(b) SBI General
(c) HDFC ERGO
(d) New India Assurance
(e) None of the above

Q10. The government increased the maximum age for Pension Fund Regulatory and Development Authority’s (PFRDA) ombudsman from _______ to ________ years.
(a) 60, 70
(b) 70, 75
(c) 60, 65
(d) 65, 70
(e) None of the above

Solutions

S1. Ans(a)
Sol. India Post Payments Bank (IPPB) launched its WhatsApp Banking Services in New Delhi, allowing customers to conveniently access banking services on their mobile phones.

The new WhatsApp Banking channel will enable customers to connect with the bank on WhatsApp and access a range of services, including requesting doorstep services, finding the nearest Post Office, and more.

S2. Ans (c)
Sol. The Reserve Bank of India (RBI) has shared details on India’s International Investment Position (IIP) at the end of December 2022.
According to the data, non-residents’ net claims in India dropped by US$ 12.0 billion between October and December 2022, settling at US$ 374.5 billion by the end of December 2022.

S3. 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.

S4.Ans (d)
Sol. To leverage the reach of UPI and the strength of credit card products, Canara Bank in collaboration with National Payments Corporation of India (NPCI) launched the Rupay Credit Card through UPI using the BHIM app.

S5. Ans(a)
Sol. IDFC First Bank has announced its collaboration with the Swedish company Crunchfish to launch a pilot project to demonstrate offline retail payments.

S6. Ans(c)
Sol. The Reserve Bank of India imposed a Rs 5,000 cap on withdrawals by individual customers from Tamil Nadu-based Musiri Urban Co-operative Bank.

S7. Ans(b)
Sol. The Reserve Bank of India launched two key surveys, the results of which provide “useful inputs” for the central bank’s bi-monthly monetary policy.

S8. Ans(c)
Sol. RBI Governor Shaktikanta Das had stated during the most recent Monetary Policy Committee (MPC) address that the apex banking regulator, in collaboration with banks, would launch a pilot project to evaluate the operation of a QR-code based coin vending machine.

S9. Ans(a)
Sol. ICICI Lombard General Insurance has introduced an industry-first feature for health insurance policyholders called ‘Anywhere Cashless,’ which allows them to receive cashless facilities at any hospital, regardless of whether or not it is currently part of ICICI Lombard’s hospital network.

S10. Ans(d)
Sol. The government increased the maximum age for Pension Fund Regulatory and Development Authority’s (PFRDA) ombudsman from 65 to 70 years.