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BANKING NEWS MCQs

Banking, Banking Awareness

Total Questions : 234 | Page 1 of 24 pages
Question 1.

Which bank has launched India's first sticker-based debit card?

  1.    HDFC Bank
  2.    IDFC First Bank
  3.    State Bank of India
  4.    Kotak Mahindra Bank
 Discuss Question
Answer: Option B. -> IDFC First Bank
IDFC First Bank has launched India's first sticker-based Debit Card- FIRSTAP, in association with the National Payments Corporation of India (NPCI).
Question 2.

Which bank continues to lead the debit card market for October 2022?

  1.    Punjab National Bank
  2.    Bank of Baroda
  3.    Canara Bank
  4.    SBI
 Discuss Question
Answer: Option D. -> SBI
Country's largest lender, State Bank of India continues to dominate the debit cards market in October 2022, with a 29% share, revealed data by 1 Lattice (previously PGA Labs).
Question 3.

Which bank has won the national award from Pension Fund Regulatory and Development Authority (PFRDA) for significant enrolment under Atal Pension Yojana (APY) in November 2022?

  1.    State Bank of India
  2.    Karnataka Vikas Grameena Bank
  3.    Central Bank of India
  4.    Bank of India
 Discuss Question
Answer: Option B. -> Karnataka Vikas Grameena Bank
Karnataka Vikas Grameena Bank won the national award from Pension Fund Regulatory and Development Authority (PFRDA) for significant enrolment under Atal Pension Yojana (APY) in November 2022.
Question 4.

What is the name of the account, a bank holds on behalf of another, often a foreign bank?

  1.    Vostro account
  2.    Forex Trade Account
  3.    Settlement Account
  4.    Nostro account
 Discuss Question
Answer: Option A. -> Vostro account
Vostro account is the name of the account that a bank holds on behalf of another, often a foreign bank.
Question 5.

Which of the following Banks has launched the 7th edition of the knowledge summit 'Evolve' for MSMEs?

  1.    Paytm Bank
  2.    SBI bank
  3.    Paytm Bank
  4.    Axis bank
 Discuss Question
Answer: Option D. -> Axis bank
Axis Bank launches the 7th edition of the knowledge summit 'Evolve' for MSMEs The current edition is focused on the broader theme of 'Indian SMEs: Shifting Gears for Next Level Growth' with sub-themes such as 'Digitalisation to Building Indian SMEs' and 'Export Opportunities for SMEs in the New World Order'.
Question 6.

Which bank has partnered with BookMyShow to launch a new credit card named 'Play'?

  1.    HDFC Bank
  2.    RBL Bank
  3.    Axis Bank
  4.    Yes Bank
 Discuss Question
Answer: Option B. -> RBL Bank
The RBL Bank has partnered with BookMyShow to launch a new credit card named 'Play'.
Question 7.

Which bank raised the minimum capital requirement for setting up ARCs to Rs.300 crore?

  1.    RBI
  2.    ADB
  3.    SBI
  4.    Central Bank of India
 Discuss Question
Answer: Option A. -> RBI
The Reserve Bank of India (RBI) has raised the minimum net owned fund (NOF) requirement of the existing Asset Reconstruction Company (ARC) to Rs 300 crore from the present Rs 100 crore by March 2026.
Question 8.

Which global bloc created Crypto-Asset Reporting Framework (CARF)?

  1.    OECD
  2.    International Monetary Fund
  3.    World Economic Forum
  4.    World Bank
 Discuss Question
Answer: Option A. -> OECD
The Organisation for Economic Co-operation and Development (OECD) has created a new global tax transparency framework for the automatic exchange of information related to crypto assets between countries.
Question 9.

Which bank has launched a unique solution "Smart Wire" for its customers to help them with SWIFT-based inward remittances?

  1.    YES Bank
  2.    ICICI Bank
  3.    Axis Bank
  4.    HDFC Bank
 Discuss Question
Answer: Option B. -> ICICI Bank
To assist customers with SWIFT-based(Society for Worldwide Interbank Financial Telecommunications) inward remittances in a faster and easier manner ICICI Bank has launched "Smart Wire".
Question 10.

Which bank has launched a unique solution "Smart Wire" for its customers to help them with SWIFT-based inward remittances?

  1.    ICICI Bank
  2.    HDFC Bank
  3.    Axis Bank
  4.    YES Bank
 Discuss Question
Answer: Option A. -> ICICI Bank
To assist customers with SWIFT-based (Society for Worldwide Interbank Financial Telecommunications) inward remittances in a faster and easier manner ICICI Bank has launched "Smart Wire".

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