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Current Banking Awareness Quiz Set – 13

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Hello Aspirants. Welcome to Current Banking Awareness Quiz in AffairsCloud.com. Here we are covering some important Banking Awareness Questions. Do study this banking quiz thoroughly as it may prove to be helpful in upcoming exams.

  1. RBI brought Braille Features for New ________ Rupee Bank Notes.
    A. 100 & 500
    B. 500 & 1000
    C. 50 & 100
    D. None of these
    B. 500 & 1000
    Explanation:Notes The visually impaired have been struggling with notes of various denominations, as there is no other means for them to count money besides the varied sizes of the currency. To overcome this,the Reserve Bank will issue Rs 500 and Rs 1,000 bank notes with additional features to aid the visually impaired in identification.

  2. Which bank has launched an electronic fund management system for direct and faster release of wages under the Mahatma Gandhi National Rural Employment Guarantee Scheme?
    A. State Bank of Hyderabad
    B. State Bank of Travancore
    C. SBI
    D. OBC
    B. State Bank of Travancore
    Explanation:This scheme has been introduced in the country for the first time and Kerala has been chosen for the pilot project. The National Electronic Fund Management System (NeFMS) will enable direct and immediate credit of wages into the accounts of the 21 lakh beneficiaries (90% women) of MNREGS in all districts of Kerala. Out of the above, about 50% of the beneficiaries maintain accounts with SBT.
    *SBT managing director Jeevandas Narayan

  3. Which bank signed a deal with SBI for easier to help NRI customers to carry out their remittances instantly and more conveniently?
    A. Doha Bank
    B. HSBC
    C. Citi Bank
    D. Emirates Bank
    D. Emirates Bank
    Explanation:UAE’s Emirates NBD has joined hands with State Bank of India (SBI) for the Direct Remit 60 seconds remittance platform. It has currently existing tie-ups with HDFC Bank, ICICI Bank and Axis Bank in India. The partnership will allow fund transfers to SBI bank accounts across India in 60 seconds at zero fees via online, mobile banking & ATMs.

  4. Logo of Bandhan Bank is
    A. Image of Candle
    B. Image of Diya
    C. Image of Home
    D. None of these
    B. Image of Diya
    Explanation:Bandhan Bank is First instance of a micro-finance entity in India transforming into a universal bank. Started its operation on 23rd Aug 2015 & Inaugurated by Arun Jaitley. In-principle approval from the RBI in April 2014 and the banking regulator’s final nod on June 17, 2015. Tagline –Apka bhala ,Sabki bhalai. Starting Capital – Rs.2570 cr. HQ- KolkataChairman – Ashok kumar Lahiri. MD & CEO-Founder of Bandhan Bank ,Chandra ShekharGhosh
    Recently, Reserve Bank included Bandhan Bank in the second schedule list, making it eligible for loans from the central bank at bank rate.

  5. Interest on deposits in Gold Monetization Scheme will start accumulating from the date of conversion of gold deposited into tradable gold bars ______ after the receipt of gold at the Collection and Purity Testing Centres (CPTC) or the designated branch of the bank.
    A. 20 Days
    B. 10 Days
    C. 30 Days
    D. 2 Months
    C. 30 Days
    Explanation:In Gold Monetisation Scheme Resident Indians can make deposits in this scheme with Minimum deposit at any one time will be raw gold (excluding stones) equal to 30 grams. No maximum limit for deposit. Can earn up to 2.50 per cent interest rate. Earnings are exempted from capital gains tax, wealth tax and income tax. The principal and interest of the deposit under the scheme will be denominated in gold.

  6. Award for Best Private Sector Bank in Technology Adoption
    A. HDFC
    B. ICICI
    C. Axis
    D. Kotak Mahindra
    A. HDFC
    Explanation:MD Aditya Puri, HQ-Mumbai, Tagline-We understand your world.

  7. Which of the following bank was the first bank to roll out Sukanya Samriddhi Yojana?
    A. Punjab National Bank
    C. SBI
    C. OBC
    D. None of these
    A. Punjab National Bank
    Explanation:This scheme has been introduced to promote the welfare of Girl Child. A natural/ legal guardian on behalf of a girl child can open the account. Maximum number of accounts: Upto two girl children or three in case of twin girls as second birth or the first birth itself results in three girl children. Minimum deposit Rs.1000 of initial deposit with multiple of one hundred rupees thereafter with annual ceiling of Rs.150000 in a financial year. Maximum period upto which deposits can be made: 14 years from the date of opening of the account and Interest on Deposit: 9.20%

  8. Insta Account launched by _________
    A. HDFC
    B. Axis
    C. ICICI
    D. SBI
    C. ICICI
    Explanation:Insta Account, an online and paperless investment account. Any resident Indian who is KYC compliant as stipulated by SEBI can open an Insta Account on www.icicidirect.com to invest in Indian Mutual Funds. The investor has the freedom to use any existing internet banking account.

  9. CMD of Bank of India is _________
    A. Suresh N Patel
    B. J K Garg
    C. Melwyn O Rego
    D. None of these
    C. Melwyn O Rego
    Explanation:HQ Mumbai,Tagline-Relationship beyond banking.

  10. Which bank launched Malayalam and Hindi language versions for its mobile banking application?
    A. ICICI
    B. HDFC
    C. Axis
    D. Federal
    D. Federal
    Explanation:Kochi headquartered Federal Bank launched Malayalam and Hindi language versionsfor its mobile banking application FedMobile. Malayalam language version was launched by renowned writer Madathil Thekkepaattu Vasudevan Nair Vasudevan Nair.