General Awareness Quiz for Bank Mains Exams 2023-17th March

Q1. Indian Railway Catering and Tourism Corp Ltd (IRCTC) launch India’s most rewarding co-branded travel credit card in association with which of the bank?
(a) ICICI Bank
(b) Bank of Baroda
(c) HDFC Bank
(d) Indian Bank
(e) None of the above

Q2. Which of the bank has signed MoU with Central Warehousing Corporation to facilitate finance to farmers under e-NWR (Electronic Negotiable Warehousing Receipt)?
(a) Punjab National Bank
(b) Federal Bank
(c) State Bank of India
(d) Maharashtra Bank
(e) None of the above

Q3. Which of the bank announced the completion of a $1 billion syndicated social loan facility which is the largest Environmental, Social, and Governance (ESG) loan by a commercial bank in the Asia Pacific?
(a) Punjab National Bank
(b) RBI
(c) HDFC Bank
(d) State Bank of India
(e) None of the above

Q4. Reserve Bank of India governor Shaktikanta Das said payments through UPI (unified payment interface) have grown exponentially in the past 12 months with daily transactions crossing 36 crore. How much percent jump has seen in daily UPI transaction?
(a) 20%
(b) 30%
(c) 75%
(d) 50%
(e) None of the above

Q5. Which bank completes deal to buy Citibank’s India consumer business?
(a) Axis 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 Asset Management Company has launched a digital campaign called ‘DigitALL’ to celebrate International Women’?
(a) Kotak Mahindra AMC
(b) HDFC AMC
(c) SBI Mutual Fund
(d) ICICI Prudential Mutual Fund
(e) None of the above

Q10. How many countries’ banks have been permitted by the Reserve Bank of India (RBI) to open Special Vostro Rupee Accounts (SVRAs) to settle payments in rupees?
(a) 15
(b) 18
(c) 10
(d) 4
(e) None of the above

Solutions

S1. Ans(c)
Sol. Indian Railway Catering and Tourism Corp Ltd (IRCTC) and HDFC Bank, announced the launch of a co-branded travel credit card.
S2. Ans (a)
Sol. Punjab National Bank, nation’s public sector bank and Central Warehousing Corporation have signed a Memorandum of Understanding to facilitate financing under e-NWR (Electronic Negotiable Warehousing Receipt).
S3. Ans(d)
Sol. The State Bank of India (SBI) announced the completion of a $1 billion syndicated social loan facility.
S4.Ans (d)
Sol. Daily UPI transactions jump 50% to 36 crore.
S5. Ans(a)
Sol. Axis Bank completed the acquisition of Citibank’s consumer business. The deal, which was announced in March 2022, will see India’s third-largest private sector bank absorbing Citibank’s consumer businesses, covering loans, credit cards, wealth management and retail banking operations in India.
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. Kotak Mahindra Asset Management Company (Kotak Mutual Fund) has launched a digital campaign called ‘DigitALL’.
S10. Ans(b)
Sol. The Reserve Bank of India (RBI) has permitted banks from 18 countries to open Special Vostro Rupee Accounts (SVRAs) to settle payments in rupees, the government said.