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 – 6 presents the model questions related to some Banking Awareness topics useful to the candidates preparing all Bank exams.
Q1
Which organization has slapped a Rs1-crore penalty on Syndicate Bank and Rs20 lakh on Axis Bank for violating norms recently?
- A. NABARD
B. RBI
C. SEBI
D. TRAI
The Reserve Bank of India has slapped a Rs 1-crore penalty on Syndicate Bank and Rs 20 lakh on Axis Bank for violating norms. The penalty on Syndicate Bank is due to non-compliance with the directions regarding frauds and risk management systems. Axis Bank was fined for contravention of the directions on detection and impounding of counterfeit notes and installation of note sorting machines.
Q2
Which of the following Payments Bank has announced the launch of a sweep account facility in association with Suryoday Small Finance Bank (SSFB)?
- A. Fino Payments Bank
B. India Post Payments Bank
C. Airtel Payments Bank
D. Jio Payments Bank
Fino Payments Bank (FPB) has announced the launch of a sweep account facility in association with Suryoday Small Finance Bank (SSFB). This partnership will help FPB address the issue of deposit limits that all the payment banks face at the moment.
Q3
_____ and the National Health Authority (NHA) have formed a working group on the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY).
- A. RBI
B. SEBI
C. TRAI
D. IRDAI
The Insurance Regulatory and Development Authority of India (IRDAI) and the National Health Authority (NHA) have formed a working group on the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY). The joint working group, to be chaired by Dinesh Arora, Deputy CEO of NHA, will have 10 members from both the organisations.
Q4
Hitachi Payment Services Pvt Ltd is a wholly-owned subsidiary of Hitachi Ltd. Where is the registered office of Hitachi Payment Services Pvt Ltd?
- A. Hyderabad
B. Bengaluru
C. Chennai
D. Kolkata
The Registered Office of Hitachi Payment Services is located in Chennai and Central Operations Centre is located at Chennai and Gurgaon, India, each that works as a Business Continuity Centre to the other. Operationally Headquartered in Mumbai India, our team consists of over 1300 employees spread over 12 offices across the country.
Q5
United Bank of India is an Indian government-owned bank headquartered in-
- A. Kolkata
B. Chennai
C. New Delhi
D. Mumbai
United Bank of India is an Indian government-owned bank headquartered in Kolkata.