Banking Awareness Quiz – Set 74

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. The Headquarters of Capital Local Area Bank is situated in _______
   A. Amritstar, Punjab
   B. Ludhiana, Punjab
   C. Bathinda, Punjab
   D. Jalandhar, Punjab
   
   Answer & Explanation

   D. Jalandhar, Punjab
   Explanation:
   Currently, Capital Area Local Bank is operating in Punjab’s five districts – Jalandhar, Kapurthala, Hoshairpur, Ludhiana and Amritsar.Capital Local Area Bank has emerged as the first bank to have received licence from the Reserve Bank of India to start small finance bank. The bank plans to start operations as a small finance bank from the next financial year as it eyes a total business size of Rs 6,700 crore with 110 branches by 2020.
   
   
2. Which of the following is the Headquarters of City Union Bank?
   A. Kanchipuram
   B. Cuddalore
   C. Dindigul
   D. Kumbakonam
   
   Answer & Explanation

   D. Kumbakonam
   Explanation:
   City Union Bank (CUB) India is one of the private banks in India. It was previously known as Kumbakonam Bank Limited
   CEO: Dr. N. Kamakodi
   Founded: 1904
   
   
3. The Headquarters of Kotak Mahindra Bank is located in _______
   A. Mumbai
   B. Hyderabad
   C. Chennai
   D. Bangalore
   
   Answer & Explanation

   A. Mumbai
   Explanation:
   Kotak Mahindra Bank is an Indian private sector banking headquartered in Mumbai, Maharashtra. Kotak Mahindra Bank Launches International Banking Unit in GIFT City recently. Kotak Mahindra Bank CEO Uday Kotak, who has a net worth of about $7.1 billion, is the sole Indian in Forbes’ list of 40 of the most powerful people in the financial world who control the flow of trillions of dollars around the global economy.
   
   
4. RBS Bank has been headquartered in __________
   A. Glasgow, United Kingdom
   B. Edinburgh, United Kingdom
   C. Skye, United Kingdom
   D. Aberdeen, United Kingdom
   
   Answer & Explanation

   B. Edinburgh, United Kingdom
   Explanation:
   The Royal Bank of Scotland Group plc is a British banking and insurance holding company, based in Edinburgh, Scotland. Royal Bank of Scotland will close down it’s retail operations in India which will resulting in shutting down of 10 branches.
   
   
5. Which of the following is the Headquarters of Axis Bank?
   A. Mumbai
   B. Hyderabad
   C. Chennai
   D. Bangalore
   
   Answer & Explanation

   A. Mumbai
   Explanation:
   Axis Bank Limited is the third largest private sector bank in India, has been headquartered in Mumbai, Maharashtra.
   Recent Activities of Axis Bank:
   India’s largest insurer Life Insurance Corporation of India (LIC) has signed an agreement with private sector lender Axis Bank as its bancassurance partner wherein the bank will distribute LIC’s products to its customers.
   Global payments leader SWIFT announced ICICI Bank and Axis Bank have become the first domestic lenders to sign up for its global payments innovation initiative, which already has over 70 other leading banks globally.
   Axis Bank has signed an agreement with Thailand’s Kasikorn Bank to enhance cooperation in trade and investment.
   
   
6. DBS Bank has been headquartered in __________
   A. United Kingdom
   B. Spain
   C. Singapore
   D. South Africa
   
   Answer & Explanation

   C. Singapore
   Explanation:
   DBS Bank Ltd is a Singaporean multinational banking and financial services company. The company was known as The Development Bank of Singapore Limited. DBS Bank plans to set up new technology hub in Hyderabad.
   
   
7. Which of the following is the Headquarters of Yes Bank?
   A. Noida
   B. Hyderabad
   C. Chennai
   D. Mumbai
   
   Answer & Explanation

   D. Mumbai
   Explanation:
   Yes Bank is India’s fifth largest private sector Bank, co-founded by Rana Kapoor in 2004. It has been headquartered in Mumbai. Yes Bank is the only Greenfield Bank licence awarded by the RBI in the last two decades.
   YES Bank gets SEBI nod to provide custodian services.
   SIDBI entered into a partnership with private sector lender Yes Bank to guarantee 75 per cent of loans of up to Rs 15 crore extended to energy efficiency projects under a World Bank initiative.
   
   
8. The Headquarters of Islamic Development Bank is _____
   A. Sohar, Oman
   B. Kuala Lumpur, Malaysia
   C. Jeddah, Saudi Arabia
   D. Baghdad, Iraq
   
   Answer & Explanation

   C. Jeddah, Saudi Arabia
   Explanation:
   Motto- Together We Build A Better Future
   Headquarters – Jeddah, Saudi Arabia
   Membership – 56 countries
   President – Ahmad Mohamed Ali Al-Madani
   The Islamic Development Bank (IDB) will open its first branch in India at Ahmedabad, Gujarat.
   
   
9. Which of the following is the Headquarters of IndusInd Bank?
   A. Noida
   B. Hyderabad
   C. Chennai
   D. Mumbai
   
   Answer & Explanation

   D. Mumbai
   Explanation:
   IndusInd Bank Limited is a Mumbai based Indian new generation bank,established in 1994. The bank offers commercial, transactional and electronic banking products and services. IndusInd Bank was inaugurated in April 1994 by then Union Finance Minister Manmohan Singh. Indusind Bank is the first among the new-generation private banks in India.
   IndusInd Bank one of the Indian firms that grab top spot for transparency in survey by Institutional Investor.
   ndusInd Bank opened its IFSC Banking Unit (IBU) at the Gujarat International Finance Tec-City (GIFT City) to meet the requirements of offshore banking operations from India.
   
   
10. Caixa Bank has been headquartered in __________
    A. United Kingdom
    B. Spain
    C. Singapore
    D. South Africa
    
    Answer & Explanation

    B. Spain
    Explanation:
    Caixa Bank, formerly Criteria CaixaCorp, is a Spanish financial services company headquartered in Barcelona.
    SBI and Spain’s CaixaBank have inked pact to provide loans to Indo-Spanish joint ventures and local enterprises recently.