Introduction
Banking Awareness is an important section in the employment-related competitive exams in India. In particular, exams like IBPS, RBI Grade B, SBI PO, RRB and other banking examinations. This article Banking Awareness – Quiz 11 presents the model questions related to some Banking Awareness topics useful to the candidates preparing all Bank exams.
Q1
Where is the corporate office of Fincare Small Finance Bank?
- A. Hyderabad
B. Bengaluru
C. Mumbai
D. New Delhi
The corporate office of Fincare Small Finance Bank is in Bengaluru.
Q2
Bank of Baroda has become the ________ largest bank in the country.
- A. sixth
B. fourth
C. first
D. third
The amalgamation of Vijaya Bank and Dena Bank into the Bank of Baroda (BoB) has come into effect and all branches of the former two will function as branches of BoB. The merged entity would also receive Rs 5,042 crore fund infusion from the government. Post the merger, Bank of Baroda has become the third largest bank in the country.
Q3
Markets regulator SEBI directed National Stock Exchange to pay more than Rs ____ in the case of misuse of its co-location facility.
- A. 1,000 crore
B. 1,300 crore
C. 123 crore
D. 625 crore
Markets regulator SEBI directed National Stock Exchange to pay more than Rs 625 crore in the case of misuse of its co-location facility. SEBI has been probing alleged lapses in high-frequency trading offered through NSE’s co-location facility. The amount, if considered with simple interest, would come to little less than Rs 1,000 crore. If it involves a compound interest, the fine could amount to around Rs 1,300 crore.
Q4
Which company has launched a recurring payment service for merchants that are working on a digital subscription model?
- A. Airtel
B. Paytm
C. BSNL
D. RBI
Paytm has launched a recurring payment service for merchants that are working on a digital subscription model. The move will allow the subscription-based businesses to collect payments from their subscribers effortlessly.
Q5
Global card payments brand ______ has announced its plan of investing $1 billion in India operations over the period of next 5 years.
- A. Banco Itaucard
B. PayPal
C. Visa
D. MasterCard
Global card payments brand Mastercard has announced its plan of investing $1 billion in India operations over the period of next 5 years. About $350 million of the total amount would be invested in setting up a local payments processing center as per the Reserve Bank of India’s mandate to store all payments data locally.