Important Current Affairs Quiz for Bank Exams 2021- 24th June |

Q1. The Reserve Bank of India has asked banks to implement the image-based Cheque Truncation System (CTS) in all branches by which date?
(a) 30 August
(b) 31 December
(c) 30 September
(d) 31 July
(e) None of these

Q2. Which bank has topped the list which released by the Ministry of Electronics & Information Technology (MeitY) “Digital Payment Scorecard” for the consecutive third month?
(a) ICICI Bank
(b) SBI
(c) HDFC Bank
(d) IndusInd Bank
(e) None of these

Q3. Which bank has signed a memorandum of understanding (MoU) with the Indian Army to offer its salary account proposition, combined with exclusive benefits for the Indian Army?
(a) Bandhan Bank
(b) Federal Bank
(c) Kotak Mahindra Bank
(d) HDFC Bank
(e)None of these

Q4. Reserve Bank of India has notified that it has included Fino Payments Bank in the Second Schedule of the Reserve Bank of India Act, 1934, where is the headquarter of Fino Payments Bank?
(a) Noida
(b) Bengaluru
(c) Kerala
(d) Mumbai
(e)None of these

Q5. The World Bank plans to introduce a $_______-million credit guarantee scheme to boost India’s rooftop solar programme, which has not gained enough traction.
(a) 100
(b) 250
(c) 200
(d) 300
(e) None of these

Q6. Union Bank of India has launched “UNI – CARBON CARD”. It is co-branded credit card on the Rupay platform of NPCI for which company?
(a) BPCL
(b) IOC
(c) Reliance Industry
(d) HPCL
(e) None of these

Q7. The Reserve Bank of India (RBI) has imposed a monetary penalty of _______ on the State Bank of India (SBI) for contravention of certain provisions of Section 10 of the Banking Regulation (BR) Act, 1949?
(a) 1 crore
(b) 5 crore
(c) 2 crore
(d) 50 Lakh
(e) None of these

Q8. Indian Overseas Bank (IOB) has launched ‘IOB Trendy’, a savings account customised for the growing millennial population in the country by keeping their banking preferences in mind. Where is the head quarter of IOB?
(a) Chennai
(b) Kolkata
(c) Punjab
(d) Mumbai
(e) None of these

Q9. Which bank has launched a range of wearable contactless payment devices under the brand Wear ‘N’ Pay. It allows purchases at any merchant store which accepts contactless transactions.
(a) ICICI Bank
(b) Axis Bank
(c) HDFC Bank
(d) BOB
(e) None of these

Q10. Which Bank on the occasion of International Women’ Day has announced the launch of a dedicated programme named “SmartUp Unnati” for mentoring women entrepreneurs by women leaders at the bank?
(a) Punjab National Bank
(b) Bank of Baroda
(c) State Bank of India
(d) HDFC Bank
(e) None of these

Solutions

S1.Ans(c)
Sol. The Reserve Bank of India has asked banks to implement the image-based Cheque Truncation System (CTS) in all branches by September 30 this year.

S2.Ans(b)
Sol. The Ministry of Electronics & Information Technology (MeitY) has released the list of “Digital Payment Scorecard”. In the list, the State Bank of India (SBI) has topped for the third consecutive months.

S3.Ans(c)
Sol. Private sector lender Kotak Mahindra Bank will handle the salary account of the Indian army personnel. The bank has signed a memorandum of understanding (MoU) with the Indian Army here for a salary account.

S4.Ans(d)
Sol. Reserve Bank of India has notified that it has included Fino Payments Bank in the Second Schedule of the Reserve Bank of India Act, 1934. Its headquarter is at Mumbai, Maharashtra.

S5.Ans(a)
Sol. The World Bank plans to introduce a $100-million credit guarantee scheme to boost India’s rooftop solar programme, which has not gained enough traction.

S6.Ans(d)
Sol. Union Bank of India has launched “UNI – CARBON CARD”, an HPCL co-branded credit card on the Rupay platform of NPCI.

S7.Ans(c)
Sol. The Reserve Bank of India (RBI) has imposed a monetary penalty of 2 crores on the State Bank of India (SBI) for contravention of certain provisions of Section 10 of the Banking Regulation (BR) Act, 1949.

S8.Ans(a)
Sol. Indian Overseas Bank (IOB) has launched ‘IOB Trendy’, a savings account customised for the growing millennial population in the country by keeping their banking preferences in mind. Chennai is the head quarter of IOB.

S9.Ans(b)
Sol. Axis Bank has launched a range of wearable contactless payment devices under the brand Wear ‘N’ Pay.

S10.Ans(d)
Sol. HDFC Bank on the occasion of International Women’ Day has announced the launch of a dedicated programme named “SmartUp Unnati” for mentoring women entrepreneurs by women leaders at the bank.