Important Banking Awareness Quizzes (Topic Wise) Day-160

Important Banking Awareness Quizzes (Topic Wise) Day-160:

Dear Readers, Here we have provided the Important Banking Awareness Quizzes, which will help to understand and prepare in a better way. Candidates those who are preparing for upcoming IBPS/SBI Exams 2018 can make use of it.

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Daily Practice Test Schedule | Good Luck

1. The government has made Permanent Account Number (PAN) mandatory for those entity conducting financial transactions of RS._______ or more

1. 50 thousand
2. 1 lakh
3. 2 lakh
4. 2.5 lakh
5. None of these

2. India contributed additional _________ to India-UN Development Partnership Fund, earmarked for South-South cooperation

1. $1 million
2. $3 million
3. $5million
4. $10 million
5. None of these

3. The government will change the base year to ________ for the calculation of GDP and IIP numbers

1. 2016-17
2. 2017-18
3. 2018-19
4. 2019-20
5. None of these

4. The Employees’ Provident Fund Organisation (EPFO) lowered the interest rate to _____ for the financial year 2017-18

1. 8.75%
2. 8.65%
3. 8.55%
4. 8.25%
5. None of these

5. The first sale of Electoral Bonds commence from the 1st March for a period of ten days. Which bank has been authorized to issue and encash Electoral Bonds initially at its four authorised branches?

1. IDBI Bank
2. Canara Bank
3. Punjab National Bank
4. Syndicate Bank
5. None of these

6. Which e payment company has launched two insurance companies recently?

1. Shopclues
2. MobiKwik
3. Paytm
4. Freecharge
5. None of these

7. Digital payments startup Paytm is launching its own credit scoring product called __________

1. Credit Score
2. Cash Score
3. Mobile Score
4. Paytm Score
5. None of these

8. Retirement fund body Employees Provident Fund Organisation (EPFO) has made it mandatory to file online claims for provident fund withdrawals above _______

1. 10 lakh
2. 5 lakh
3. 2 lakh
4. 1 lakh
5. None of these

9. Which bank exit from the South African market recently?

1. Andhra Bank
2. Dena Bank
3. Bank of India
4. Punjab National Bank
5. None of these

10. Which of the following banks have approved JFC Finance (India) Ltd’s bid to acquire the insolvent Palogix Infrastructure?

1. Yes Bank and HDFC Bank
2. ICICI Bank and HDFC Bank
3. Axis Bank and HDFC Bank
4. Kotak Mahindra Bank and HDFC Bank
5. None of these

11. Which Grameen bank has been awarded an overall rating of ‘above average’ on code compliance by the Banking Codes and Standards Board of India (BCSBI)?

1. Andhra Pradesh Grameena Vikas Bank
2. Telangana Grameena Bank
3. Andhra Pragathi Grameena Bank
4. Karnataka Vikas Grameena Bank
5. None of these

12. Software Company Zoho has tied up with which bank to provide accounting and banking on an integrated platform?

1. ICICI Bank
2. Yes Bank
3. Axis Bank
4. HDFC Bank
5. None of these

13. Which Bank has banned the use of its credit and debit cards towards purchase or trading of cryptocurrencies like Bitcoin?

1. Royal Bank of Scotland
2. HSBC Bank
3. Citibank India
4. Standard Chartered Bank
5. None of these

14. Which Small Finance Bank has introduced ‘selfeSavings’, an interactive digital savings account?

1. Ujjivan Small Finance Bank
2. Equitas Small Finance Bank
3. ESAF Small Finance Bank
4. Disha Small Finance Bank
5. None of these

15. Which Payments bank has commenced operations as a payments bank with effect from February 22, 2018?

1. Reliance Payments Bank
2. Vodafone Payments Bank
3. Sun Payments Bank
4. Tech Mahindra Payments Bank
5. Idea Payments Bank

Answers:

1. The government has made Permanent Account Number (PAN) mandatory for those entity conducting financial transactions of RS.2.5 lakh or more.

Correct Answer is: d)

2. India contributed additional $1 million to India-UN Development Partnership Fund, earmarked for South-South cooperation.

Correct Answer is: a)

3. The government will change the base year to 2017-18 for the calculation of GDP and IIP numbers while for retail inflation the year will be revised to 2018.

Correct Answer is: b)

4. The Employees’ Provident Fund Organisation (EPFO) lowered the interest rate to 8.55% for the financial year 2017-18, compared to 8.65% for 2016-17.

Correct Answer is: c)

5. The first sale of Electoral Bonds commence from the 1st March for a period of ten days. The Ministry of Finance said, State Bank of India has been authorized to issue and encash Electoral Bonds initially at its four authorised branches.

Correct Answer is: e)

6. Digital payments startup Paytm has launched two insurance companies, Paytm Life Insurance and Paytm General Insurance.

Correct Answer is: c)

7. Digital payments startup Paytm is launching its own credit scoring product called ‘Paytm Score’, according to reports.

Correct Answer is: d)

8. Retirement fund body Employees Provident Fund Organisation (EPFO) has made it mandatory to file online claims for provident fund withdrawals above Rs 10 lakh, taking another step towards becoming a paperless organisation.

Correct Answer is: a)

9. Bank of Baroda exit from the South African market amid allegations that politically connected Gupta family used its network for illicit transactions.

Correct Answer is: e)

10. ICICI Bank and HDFC Bank have approved JFC Finance (India) Ltd’s bid to acquire the insolvent Palogix Infrastructure, a 20-year old firm in railways logistics.

Correct Answer is: b)

11. The Dharwad-headquartered regional rural bank (RRB) Karnataka Vikas Grameena Bank (KVGB) has been awarded an overall rating of ‘above average’ on code compliance by the Banking Codes and Standards Board of India (BCSBI).

Correct Answer is: d)

12. Software Company Zoho has tied up with private lender ICICI Bank to provide accounting and banking on an integrated platform.

Correct Answer is: a)

13. Citibank India has banned the use of its credit and debit cards towards purchase or trading of cryptocurrencies like Bitcoin.

Correct Answer is: c)

14. Equitas Small Finance Bank has introduced ‘selfeSavings’, an interactive digital savings account.

Correct Answer is: b)

15. Aditya Birla Idea Payments Bank Limited has commenced operations as a payments bank with effect from February 22, 2018.

Correct Answer is: e)

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