General Awareness Quiz for Bank Mains Exams 2023-30th March

Q1. Which bank has collaborated with National E-Governance Services Limited (NeSL) recently to issue its first electronic Bank Guarantee (e-BG)?
(a) Karnataka Bank
(b) Bank of Baroda
(c) Yes Bank
(d) Indian Bank
(e) None of the above

Q2. Which Small Finance Bank announced the launch of ‘Blossom Women’s Savings Account’ with 7 percent per annum interest rate with monthly interest credit?
(a) AU Small Finance Bank
(b) Utkarsh Small Finance Bank
(c) Suryoday Small Finance Bank
(d) Jana Small Finance Bank
(e) None of the above

Q3. Which bank collaborates with Ezetap by Razorpay and MyPinpad for launching ‘MicroPay’ based on ‘Pin on Mobile’ technology for digital payments?
(a) Punjab National Bank
(b) Axis Bank
(c) HDFC Bank
(d) State Bank of India
(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(c)
Sol. YES Bank has collaborated with National E-Governance Services Limited (NeSL) to issue its first electronic Bank Guarantee (e-BG).
S2. Ans (c)
Sol. Suryoday Small Finance Bank announced the launch of ‘Blossom Women’s Savings Account’ with 7 percent per annum interest rate with monthly interest credit.
S3. Ans(b)
Sol. Axis Bank, one of India’s top private sector banks, has introduced a groundbreaking payment solution called “MicroPay” in collaboration with technical partners Ezetap by Razorpay and MyPinpad.
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.