Current Banking Awareness Quiz – Set 36

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. Which company is providing free 4G sims to certain smartphone users like Samsung, LG, etc.?
   A) Airtel
   B) Vodafone
   C) Reliance
   D) Aircel
   E) Tata
   
   Answer & Explanation

   C) Reliance
   Explanation:
   Reliance is providing its 4G sims free of cost to some companies smartphone users on which they will have free calls and net for 3 months
   
   
   
2. Which bank has become the first private sector bank to sell Indian gold coins?
   A) Dhanlaxmi Bank
   B) Federal Bank
   C) ICICI Bank
   D) IndusInd Bank
   E) Karur Vysya Bank
   
   Answer & Explanation

   B) Federal Bank
   Explanation:
   Kerala based private sector lender, Federal Bank has tied up with MMTC for distribution of Indian Gold Coins (IGC), the first-Ever national gold offering by the government, which was launched by Prime Minister Narendra Modi In November 2015.
   
   
   
3. With which card company has Axis bank launched its contactless debit cards?
   A) MasterCard
   B) RuPay
   C) EuroPay
   D) Visa
   E) None of these
   
   Answer & Explanation

   D) Visa
   Explanation:
   Axis Bank, on Wednesday announced the launch of its Contactless Secure+ Debit Card for regular savings account customers, to provide access to a larger customer base with contactless technology. The card, launched on the Visa payWave platform, will enable Axis Bank’s customers to conveniently ‘Just Wave to Pay’ at NFC-enabled point of sale (POS) terminals and also use the card as a normal debit card at any POS terminal.
   
   
4. Which bank recently tied up with Chillr for cashless transactions?
   A) Federal Bank
   B) DCB Bank
   C) IDFC Bank
   D) Karnataka Bank
   E) IndusInd Bank
   
   Answer & Explanation

   A) Federal Bank
   Explanation:
   Federal Bank announced its partnership with with Chillr, a mobile banking application, to provide cashless transactions.
   Chillr, India’s first and only multi-bank mobile application, allows users to connect seamlessly with multiple bank accounts and manage all their banking needs on a single platform, making money transfer between bank accounts easier, faster and safer than sending a text message.
   
   
   
5. After Mumbai, Doha bank is now going to open its branches in which city?
   A) Palakkad
   B) Kochi
   C) Idukki
   D) Kasaragod
   E) None of these
   
   Answer & Explanation

   B) Kochi
   Explanation:
   Qatar-based Doha Bank will open a state-of-the-art branch in Kochi, the only branch of a Gulf Cooperation Council (GCC)-based bank in India.
   
   
   
6. Who has been named as the new RBI Governor?
   A) Subir Gokarn
   B) Arundhati Bhattacharya
   C) R. Gandhi
   D) Urjit R Patel
   E) Arvind Subramanian
   
   Answer & Explanation

   D) Urjit R Patel
   Explanation:
   The choice of Urjit Patel as RBI governor was made by PM Narendra Modi himself.
   
   
   
7. IndusInd Bank has tied up with which company to use its Cloud commerce solutions to transform customer engagements and enhance its cross-sell platforms?
   A) Accenture
   B) Infosys
   C) Wipro
   D) TCS
   E) IBM
   
   Answer & Explanation

   E) IBM
   Explanation:
   As a part of a three year strategic agreement, IBM will provide a cloud and predictive analytics based multi-channel campaign management solution that enables IndusInd Bank to strengthen its online banking presence while improving the product holding per customer.
   
   
   
8. For customers of how many banks, the UPI mobile application is going to launch in the first phase?
   A) 21
   B) 19
   C) 15
   D) 25
   E) None of these
   
   Answer & Explanation

   A) 21
   Explanation:
   According to NPCI, the UPI application of 19 banks can be downloaded from Google Play Store in next two to three working days.
   The list of banks providing the app on Google Play Store are: Andhra Bank, Axis Bank, Bank of Maharashtra, Bhartiya Mahila Bank, Canara Bank, Catholic Syrian Bank, DCB Bank, Federal Bank, ICICI Bank, TJSB Sahakari Bank, Oriental Bank of Commerce, Karnataka Bank, UCO Bank, Union Bank of India, United Bank of India, Punjab National Bank, South Indian Ban k
   The customers of IDBI Bank and RBL Bank can download any UPI enabled apps and link their account.
   
   
   
9. Which two banks have been given the tag “too big too fail” for the year 2016?
   A) ICICI and Axis Bank
   B) Axis Bank and Punjab National Bank
   C) Punjab National bank and SBI
   D) SBI and ICICI
   E) SBI and Axis Bank
   
   Answer & Explanation

   D) SBI and ICICI
   Explanation:
   The Reserve Bank of India retained the tag of “too big to fail” banks for SBI and ICICI second year in a row. This means that the banking regulator considers failure of these banks to be dangerous for the economy, which renders them ‘too big to fail’.
   RBI had designated both these banks as domestic systemically important banks (D-SIBs) last year in August for the first time.
   Both these banks are required to make additional capital requirements after they were named as D-SIBs.
   
   
   
10. SBI has been named as domestic systemically important banks (D-SIBs) this year. What additional capital it will have to maintain as a percent of loans and investments?
    A) 0.2%
    B) 0.4%
    C) 0.6%
    D) 0.8%
    E) None of these
    
    Answer & Explanation

    C) 0.6%
    Explanation:
    Based on the methodology announced by the central bank, SBI will need to maintain additional capital equivalent to 0.6 per cent of its loans and investments while ICICI will need to maintain 0.2 per cent more.