General Awareness Quiz for Bank Mains Exams 2023-25th September

Q1. Which bank has been granted authorization by the Reserve Bank of India (RBI) to serve as an authorized pension disbursement bank in association with the Central Pension Accounting Office (CPAO)?
(a) HDFC Bank
(b) Federal Bank
(c) Bandhan Bank
(d) Indian Bank
(e) None of the above

Q2. Which bank has introduced a new investment solution called ‘digiPortfolio,’ which is now available on the bank’s Digibank platform?
(a) DBS Bank
(b) Deutsche Bank
(c) Citi Union Bank
(d) HSBC
(e) Standard Chartered Bank

Q3. Which bank has become the first public sector bank to facilitate effortless credit availability for Micro, Small, and Medium Enterprises (MSMEs) via GST invoices?
(a) Indian Bank
(b) Bank of Baroda
(c) State Bank of India
(d) Punjab National Bank
(e) None of the above

Q4. Which of the following banks has taken a significant leap in the world of digital currency by announcing the successful implementation of Unified Payments Interface (UPI) interoperability with its Central Bank Digital Currency (CBDC) recently?
(a) HDFC Bank
(b) Federal Bank
(c) ICICI Bank
(d) State Bank of India
(e) Kotak Mahindra Bank

Q5. With which bank a pioneering cross-border payments FinTech company ‘BriskPe’ has collaborated to enable seamless cross-border payments for MSMEs and to offer a seamless and efficient platform for Indian businesses to navigate the complexities of international trade and bolster their global competitiveness?
(a) Yes Bank
(b) Bank of India
(c) EXIM Bank
(d) ICICI Bank
(e) None of the above

Q6. Which bank has emerged as the leading public sector bank in lending to state-owned corporations and Public Sector Undertakings (PSUs) for the fifth consecutive year?
(a) Bank of Maharashtra
(b) Union Bank of India
(c) Indian Bank
(d) Canara Bank
(e) None of the above

Q7. 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

Q8. Max Life Insurance Company Ltd. has announced a strategic partnership with which bank to provide a diverse range of life insurance products to that Bank’s customers like term, savings, and retirement plans to enable them to secure their financial future and expand their investment portfolio?
(a) DCB Bank
(b) HDFC Bank
(c) Federal Bank
(d) ICICI Bank
(e) None of the above

Q9. With which bank National Skill Development Corporation (NSDC) has collaborated for the initiative ‘Skills on Wheels’?
(a) IndusInd Bank
(b) Bank of India
(c) Axis Bank
(d) Indian Bank
(e) None of the above

Q10. Which bank launches India’s first co-branded hotel credit card with Marriott Bonvoy to set new standards for rewarding travel cards in the country?
(a) Kotak Mahindra Bank
(b) HDFC Bank
(c) ICICI Bank
(d) State Bank of India
(e) None of the above

Solutions

S1. Ans (c)
Sol. In a significant development, Bandhan Bank has been granted authorization by the Reserve Bank of India (RBI) to serve as an authorized pension disbursement bank.
This authorization is in association with the Central Pension Accounting Office (CPAO), a part of the Ministry of Finance. The bank is set to collaborate closely with the CPAO to initiate and streamline the process of disbursing civil pensions.
S2. Ans (a)
Sol. DBS Bank India has introduced a new investment solution called ‘digiPortfolio,’ which is now available on the bank’s Digibank platform.

The platform uses technology and human expertise to curate a set of investment options customized by Morningstar, which aligns with the risk preferences of different investors.
S3. Ans (d)
Sol. Punjab National Bank (PNB) has become the first public sector bank to facilitate effortless credit availability for Micro, Small, and Medium Enterprises (MSMEs) via GST invoices.
The bank has unveiled a dedicated mobile application for the GST Sahay scheme. This innovative digital solution facilitates comprehensive lending procedures based on GST invoices, ensuring a seamless end-to-end process.
S4. Ans (d)
Sol. The State Bank of India (SBI) has taken a significant leap in the world of digital currency by announcing the successful implementation of Unified Payments Interface (UPI) interoperability with its Central Bank Digital Currency (CBDC), also known as the Digital Rupee.
Accessible through the ‘eRupee by SBI’ application, this new feature allows SBI CBDC users to effortlessly scan any merchant UPI QR code, simplifying and expediting transactions.

S5. Ans(a)
Sol. ‘BriskPe’, a pioneering cross-border payments FinTech company, has teamed up with YES BANK to introduce “BriskPe A2A,” a cutting-edge suite of solutions designed to empower exporters and importers.

S6. Ans(d)
Sol. In a remarkable achievement, Canara Bank has once again emerged as the leading public sector bank in lending to state-owned corporations and Public Sector Undertakings (PSUs) for the fifth consecutive year.
The Finance Ministry, in response to queries raised by MP Velusamy P, disclosed that Canara Bank’s lending to government-backed entities reached an impressive ₹187,813 crore during the fiscal year 2022-23 (FY23).

S7. 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.
S8. Ans(a)
Sol. Max Life Insurance Company Ltd. has announced a strategic partnership with DCB Bank Ltd., a new-generation private sector bank in India.
The collaboration aims to provide a diverse range of life insurance products to DCB Bank’s customers, including term, savings, and retirement plans, enabling them to secure their financial future and expand their investment portfolio.
S9. Ans(a)
Sol. This initiative is a collaborative effort between the National Skill Development Corporation (NSDC) and IndusInd Bank.
Over a span of five years, the ‘Skills on Wheels’ initiative aims to empower and upskill a staggering 60,000 rural youth. The ultimate goal is to enhance the livelihoods of rural households by equipping their youth with the necessary skills.
S10. Ans(b)
Sol. In a groundbreaking collaboration, HDFC Bank, India’s leading private sector bank, has partnered with Marriott Bonvoy, the acclaimed travel program by Marriott International, to unveil the ‘Marriott Bonvoy HDFC Bank Credit Card‘.