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BANKING NEWS MCQs

Banking, Banking Awareness

Total Questions : 234 | Page 11 of 24 pages
Question 101.

Which bank has become the first in India to issue an Electronic Bank Guarantee?

  1.    Axis Bank
  2.    ICICI Bank
  3.    Yes Bank
  4.    HDFC Bank
 Discuss Question
Answer: Option D. -> HDFC Bank
HDFC bank becomes the first bank in India to issue an Electronic Bank Guarantee (e-BG) in partnership with National E-Governance Services Limited (NeSL).
Question 102.

Which bank became 1st PSB to go live in the new direct tax collection system TIN 2.0?

  1.    Federal Bank
  2.    Bank of India
  3.    Canara Bank
  4.    Bank of Baroda
 Discuss Question
Answer: Option B. -> Bank of India
The Bank of India (BOI) has become the first public sector bank to go live on the Income Tax Department's new Direct Tax Collection System Tin 2.0.
Question 103.

Which bank & WAARE Collaborate to Finance Projects for Consumers & Channel Partners?

  1.    SEBI
  2.    RBI
  3.    IRDAI
  4.    SBI
 Discuss Question
Answer: Option D. -> SBI
WAAREE, India's largest Solar Panel manufacturer, has entered into an Agreement with SBI for availing unsecured financing for solar projects and providing working capital for Channel Partners.
Question 104.

Which Small Finance Bank has launched a 'Rainbow Savings Account' exclusively for the transgender community?

  1.    Capital Small Finance Bank Limited
  2.    ESAF Small Finance Bank Limited
  3.    Fincare Small Finance Bank Limited
  4.    AU Small Finance Bank Limited
 Discuss Question
Answer: Option B. -> ESAF Small Finance Bank Limited
ESAF Small Finance Bank Limited has launched a 'Rainbow Savings Account' exclusively for the transgender community.
Question 105.

Which bank introduced a new SMS banking facility for its customers?

  1.    Axis Bank
  2.    ICICI Bank
  3.    Yes Bank
  4.    HDFC Ban
 Discuss Question
Answer: Option D. -> HDFC Ban
The private sector lender HDFC Bank introduced a new SMS banking facility for its customers.
Question 106.

Which bank has signed an agreement with the NMDFC for the development of financial accounting software and mobile application?

  1.    Yes Bank
  2.    Axis Bank
  3.    HDFC Bank
  4.    ICICI Bank
 Discuss Question
Answer: Option D. -> ICICI Bank
The National Minorities Development and Finance Corporation (NMDFC) announced that it had entered into an agreement with ICICI Bank for the creation of mobile applications and financial accounting software.
Question 107.

Which organization is working on a new "fraud registry", a reporting mechanism to blacklist scammers?

  1.    Reserve Bank of India
  2.    SIDBI
  3.    Unique Identification Authority of India (UIDAI)
  4.    SEBI
 Discuss Question
Answer: Option A. -> Reserve Bank of India
The Reserve Bank of India is working on a new "fraud registry" - a reporting mechanism under which data shared by banks with RBI on fraudsters will enable the regulator to blacklist such callers.
Question 108.

Which bank issues new guidelines on digital lending to protect borrowers?

  1.    SBI
  2.    RBI
  3.    ADB
  4.    PNB
 Discuss Question
Answer: Option B. -> RBI
The Reserve Bank of India announced the guidelines on digital lending. The central bank has given regulated entities (RE) till November 30th to put in place adequate systems and processes to ensure that 'existing digital loans' comply with fresh lending guidelines.
Question 109.

Which bank has been selected by RBI for the 'test phase' of the 'On Tap' application facility?

  1.    SBI
  2.    ICICI Bank
  3.    Axis Bank
  4.    HDFC Bank
 Discuss Question
Answer: Option D. -> HDFC Bank
The Reserve Bank of India (RBI) namely HDFC Bank has been selected for the 'test phase' of the 'On Tap' application facility for the theme 'Retail Payments' under regulatory Sandbox.
Question 110.

Which bank has topped the chart in the debit card market with a 30 percent market share as of June 2022?

  1.    Punjab National Bank
  2.    Canara Bank
  3.    State Bank of India
  4.    Axis Bank
 Discuss Question
Answer: Option C. -> State Bank of India
The State Bank Of India (SBI) has maintained its leadership position in the debit card market and HDFC Bank in the credit card market as of June 2022.

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