Banking Awareness Quiz – Set 60

Hello Aspirants,
Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.

1. Which bank has launched India’s first golf-centric credit card?
   A. SBI
   B. UBI
   C. PNB
   D. RBL
   
   Answer & Explanation

   D. RBL
   Explanation:
   RBL Bank (formerly Ratnakar Bank) has launched India’s first golf-centric credit card. The card based on the premium MasterCard World platform was launched in association with the Indian Golf Union (IGU).
   
   
2. Which bank has launched India’s first contact less mobile payment solution?
   A. ICICI
   B. Kotak Mahindra Bank
   C. Indusind Bank
   D. South Indian Bank
   
   Answer & Explanation

   A. ICICI
   Explanation:
   The country’s first contact less mobile payment solution to enable its credit and debit customers make in-store contact less payments by just waving their smartphones near an NFC-enabled merchant terminal. The mobile payment solution available in the Bank’s ‘Pockets’ app, provides improved convenience of ‘Touch & Pay’ as customers are no longer required to carry physical card or cash to pay in stores. ICICI Bank is the first financial institution in the country to leverage the Host Card Emulation (HCE) technology to bring forth this solution.
   
   
3. Which bank has launched India’s first digital branch in Gurgaon?
   A. ICICI
   B. Axis Bank
   C. Indusind Bank
   D. South Indian Bank
   
   Answer & Explanation

   C. Indusind Bank
   Explanation:
   Indusind Bank has launched India’s first digital branch at IndusInd Cybercity Rapid Metro station, Gurgaon. This video branch machine allows customers to connect with the remote teller over a real-time video call and perform regular banking transactions like statement printing, cheque deposits, opening of FD account and encashment, funds transfer along with dispensation of cash.
   
   
4. First bank in the country to offer EMI facility for its debit card holders?
   A. ICICI
   B. Axis Bank
   C. Indusind Bank
   D. South Indian Bank
   
   Answer & Explanation

   A. ICICI
   Explanation:
   ICICI Bank, the country’s largest private sector bank launched the EMI (Equated Monthly Instalment) facility on debit cards to enable its customers to convert their high value transactions into easy instalments.
   
   
5. World’s first Bank Agnostic Instant Funds Transfer Platform using Facebook launched by?
   A. ICICI
   B. Kotak Mahindra Bank
   C. Indusind Bank
   D. Central Bank
   
   Answer & Explanation

   B. Kotak Mahindra Bank
   Explanation:
   Kotak Mahindra Bank launched KayPay – World’s First Bank Agnostic Instant Funds Transfer Platform using Facebook. Millions of bank account holders can transfer money to each other at any hour of the day or night, without needing net banking, or knowing various bank account related details of the payee.
   
   
6. India’s first transparent credit card in association with American express launched by?
   A. ICICI
   B. Axis Bank
   C. Indusind Bank
   D. Canara Bank
   
   Answer & Explanation

   A. ICICI
   Explanation:
   ICICI Bank has launched India’s first credit card with a transparent design.The card, part of ICICI Bank’s ‘Gemstone Collection’, has been launched in association with American Express.
   
   
7. Which of the following is India’s first digital village launched by ICICI Bank?
   A. Akodara
   B. Bakrana
   C. Salangpur
   D. Rojid
   
   Answer & Explanation

   A. Akodara
   Explanation:
   Under Digital India programme, top lender ICICI Bank has launched its own ‘digital village’ project while adopting an entire village, Akodara in Gujarat to provide services ranging from cashless banking to digitised school teaching.
   
   
8. _________ in partnership with Visa launched India’s first co-branded e-commerce credit card
   A. Flipkart and ICICI
   B. Snapdeal and ICICI
   C. Flipkart and HDFC
   D. Snapdeal and HDFC
   
   Answer & Explanation

   D. Snapdeal and HDFC
   Explanation:
   Snapdeal and HDFC Bank in partnership with Visa launched the India’s first co-branded e-commerce credit card.
   
   
9. _________ is the first bank to launch the Mudra Card based on the RuPay platform.
   A. SBI
   B. Corporation Bank
   C. Vijaya Bank
   D. PNB
   
   Answer & Explanation

   B. Corporation Bank
   Explanation:
   Corporation Bank is the first bank to launch the Mudra Card based on the RuPay platform under the Pradhan Mantri MUDRA Yojana (PMMY)
   
   
10. Which of the following has become the first bank in India to launch Watch Banking for Apple Watch?
    A. ICICI
    B. Axis Bank
    C. Indusind Bank
    D. HDFC Bank
    
    Answer & Explanation

    D. HDFC Bank
    Explanation:
    HDFC Bank has become the first bank in India to launch Watch Banking for Apple Watch.It aims to provide banking services through all wearable devices across platforms like iOS and Android.