Banking & Financial Awareness Quiz - Set 31

Banking Awareness MCQ - Set 31

Practice-Sets for the Banking And Financial Awareness MCQ/ Quiz  are available on  Achiever's Rule. Follow the Banking Articles,  Daily Current Affairs Update, Current Affairs Articles to prepare yourself for the upcoming IBPS, RBI, SBI Exams. You should download the available PDFs.

Q1.Which of the following bodies has introduced an online registration mechanism for the security custodians ?
A]IRDA
B]RBI
C]NABARD
D]SEBI
E]SBI




Q2.Which of the following banks has invested in Flipkart through $100 billion technology-focused Vision fund?
A]Indusind Bank
B]Softbank
C]South Indian Bank
D]Dhanalaxmi Bank
E]None of these


Q3.Zeta App has partnered with which of the following banks ?
A]Dena Bank
B]Vijaya Bank
C]IDFC Bank
D]Punjab National Bank
E]HSBC Bank


Q4.Which of the following banks will offer the Debit Card at a special price of Rs. 99 for the 1st year for the customers who will open account under the 0 balance account scheme ?
A]HDFC Bank
B]Kotak Mahindra Bank
C]ICICI Bank
D]Axis Bank
E]Dhanalaxmi Bank


Q5.Which of the following banks has launched the instant credit cards to enable the savings account customers to get a credit card easily ?
A]ICICI Bank
B]Axis Bank
C]South Indian Bank
D]Dhanalaxmi Bank
E]Karur Vaishya Bank


Q6.Which Bank has unveiled two digital services for online payment i.e. Bharat QR and Bharat Bill Payment System ?
A]United Bank of India
B]Canara Bank
C]Union Bank of India
D]Andhra Bank
E]None of these


Q7.Which organization allows the Multi Commodity Exchange to launch Gold options ?
A]RBI
B]SBI
C]SEBI
D]IRDA
E]GOI


Q8.Which bank has introduced two-tier interest rate structure for the savings bank accounts ?
A]Indian Overseas Bank
B]Oriental Bank of Commerce
C]Andhra Bank
D]Indian Bank
E]None of these


Q9.Who is the MD of EXIM Bank of India ?
A]Ajay Tyagi
B]David Rasquinha
C]Urjit Patel
D]Pawan Kumar Bajaj
E]None of them


Q10.Who is appointed as the Chief Executive of National Payments Corporation of India ?
A]Vivek Nihalani
B]Arun Trivedi
C]Dilip Asbe
D]Sarfaraz Mirza
E]None of them


Q11.In which year United Bank of India was founded ?
A]1976
B]1954
C]1963
D]1950
E]1937


Q12."Where Every Individual is Committed" is the tagline of which bank ?
A]Dena Bank
B]Oriental Bank of Commerce
C]Vijaya Bank
D]Allahabad Bank
E]Andhra Bank


Q13.Who has issued the "T-Bills" in India ?
A]SBI
B]RBI
C]State Government
D]GOI
E]NABARD


Q14.Who publishes the "World Investment Report" annually ?
A]WTO
B]IBRD
C]IMF
D]ADB
E]UNCTED


Q15.The account for which the bank acts as the uninterested third party is termed as which of the following ?
A]Fixed Account
B]Savings Account
C]Escrow Account
D]Current Account
E]Reserve Account


Explanation

Explanation 1. SEBI has introduced an online registration mechanism for the security custodians. Its main motto is to make it easy for the custodians to do business. It will help them to complete registration and other regulatory filings with SEBI at a faster rate and in a cost-effective manner.

Explanation 2. Softbank has invested in Flipkart through $100 billion technology-focused Vision fund. This deal will give the largest backer of Flipkart Tiger Global Management a partial exit.

Explanation 3. Zeta App has partnered with IDFC bank. The partnership will launch the IDFC bank benefits-payment solution for the corporates which digitises employees spend and claims.The employees can access the Benefits Card via Zeta app to help in traching the spends, limits and submit claims digitally.

Explanation 4. Kotak Mahindra Bank will offer the Debit Card at a special price of Rs. 99 for the 1st year for the customers who will open account under the 0 balance account scheme. The usual annual fee for the Debit Card procured by 811 account holders (Zero balance) is Rs. 299.

Explanation 5. ICICI Bank has launched the instant credit cards to enable the savings account customers to get a credit card easily. It has opened up card with a credit limit of up to Rs. 4 Lakh based on pre-checked bureau scores.

Explanation 6. Canara Bank has unveiled two digital services for online payment i.e. Bharat QR and Bharat Bill Payment System. Bharat QR is used for the Payment settlement at the merchant locations and Bharat Bill Payment System is used for net banking customers.

Explanation 7. SEBI(Securities and Exchange Board of India) allows the Multi Commodity Exchange to launch Gold options. This step will allow the hedgers and investors to minimise their price risk at a cost-fraction compared to future trading which is currently available.

Explanation 8. Indian Bank has introduced two-tier interest rate stucture for the savings bank accounts. It will offer 4% interest per year for the incremental balance of more than Rs. 50 Lakh and 3.5% interest rate up to Rs. 50 Lakh.

Explanation 9. David Rasquinha is appointed as the MD of Export-Import (EXIM) Bank of India for three years. He was the Deputy MD of Exim Bank.

Explanation 10. Dilip Asbe is appointed as the Chief Executive Officer of National Payments Corporation of India(NPCI).Asbe is known as one of the master minds behind BHIM, IMPS and UPI.

Explanation 11. United Bank of India is PSU Bank which was established in 1950. The headquarter is situated in Kolkata, India.Pawan Kumar Bajaj is the CEO of UBI.

Explanation 12. "Where Every Individual is Commited" is the tagline of Oriental Bank of Commerce. The head-quarter is situated at Gurugram. Animesh Chauhan is the CEO of this bank.

Explanation 13. Government of India has issued the Treasury Bills ("T-Bills") in India. It offers short-term investment opportunities. It helps to manage short-term liquidity. No T-Bills are issued by the State Government.

Explanation 14. The United Nations Conference on Trade and Development(UNCTAD) publishes the the "World Investment Report" annually. The report was first published in 1991. The report covers the latest trends in FDI around the world.

Explanation 15. The account for which the bank acts as the uninterested third party is termed as Escrow Account. It is a pass through temporary account which is held by a third party during transaction of money between two parties.