Banking Awareness Quiz – Set 102

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. As per the licensing norms of RBI, a new bank must have a _______ capital
   A. 200 Crore
   B. 100 Crore
   C. 1000 Crore
   D. 500 Crore
   E. None of the Above
   
   Answer & Explanation

   D. 500 Crore
   Explanation:
   The RBI licensing norms stipulate that a new bank must have Rs.500 crore capital.
   
   
2. Who among the following inaugurates Bandhan Bank as full-fledged scheduled commercial bank?
   A. Narendra Modi
   B. Rajnath Singh
   C. Santosh Gangwar
   D. Arun Jaitley
   E. None of the Above
   
   Answer & Explanation

   D. Arun Jaitley
   Explanation:
   Union Finance Minister Arun Jaitley officially inaugurated the bank in Kolkata. Initially it opened with 501 branches across India.
   
   
3. Which is the first bank to be set up in eastern part of India after Independence?
   A. UCO Bank
   B. Allahabad Bank
   C. United Bank of India
   D. Bandhan Bank
   E. None of the Above
   
   Answer & Explanation

   D. Bandhan Bank
   Explanation:
   Kolkata-headquartered Bandhan Bank is the first bank to be set up in eastern part of India after Independence.
   
   
4. Bandhan Bank is headquartered in _______
   A. Mumbai
   B. Kolkata
   C. Chennai
   D. Bangalore
   E. None of the Above
   
   Answer & Explanation

   B. Kolkata
   Explanation:
   Bandhan Bank is headquartered in Kolkata.
   
   
5. Bandhan Bank starts with a capital base of ______ crore
   A. 2500 Crore
   B. 1070 Crore
   C. 2570 Crore
   D. 2470 Crore
   E. None of the Above
   
   Answer & Explanation

   C. 2570 Crore
   Explanation:
   Bandhan Bank starts with a capital base of Rs. 2,570 crore and this will be raised to Rs. 3,052 crore.
   
   
6. Which of the following is/are the loan product(s) of Bandhan Bank?
   A. Agri loan
   B. MSME loan
   C. Retail loan
   D. Both (A) and (C)
   E. All of the Above
   
   Answer & Explanation

   E. All of the Above
   Explanation:
   Products of Bandhan Bank includes Agri loan, MSME loan, Retail loan and Micro loan.
   
   
7. Which of the following is the slogan of Bandhan Bank?
   A. Hum Hai na
   B. Aapka Bhala, Sabki Bhalai
   C. Aao Sochein Bada
   D. Both (A) and (C)
   E. None of the Above
   
   Answer & Explanation

   B. Aapka Bhala, Sabki Bhalai
   Explanation:
   Aapka Bhala, Sabki Bhalai is the slogan of Bandhan Bank.
   
   
8. IDFC Bank is headquartered in _______
   A. Mumbai
   B. Kolkata
   C. Chennai
   D. Bangalore
   E. None of the Above
   
   Answer & Explanation

   A. Mumbai
   Explanation:
   IDFC Bank is headquartered in Mumbai.
   
   
9. Who among the following launched IDFC Bank?
   A. Narendra Modi
   B. Rajnath Singh
   C. Santosh Gangwar
   D. Arun Jaitley
   E. None of the Above
   
   Answer & Explanation

   A. Narendra Modi
   Explanation:
   Prime Minister Narendra Modi formally launched IDFC Bank on 19 October 2015.
   
   
10. Which of the following is/are the product(s) of IDFC Bank?
    A. Commercial Banking
    B. Bharat Banking
    C. Retail Banking
    D. Business Banking
    E. All of the Above
    
    Answer & Explanation

    E. All of the Above
    Explanation:
    Products of IDFC Bank are as follows
    Retail banking,
    Commercial & Wholesale Banking,
    Business Banking
    Bharat Banking