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 – 7 presents the model questions related to some Banking Awareness topics useful to the candidates preparing all Bank exams.
Q1
Which organisation has launched a 5G Use Cases Lab for banking and financial sector recently?
- A. NHB
B. BRBNMPL
C. IDRBT
D. SEBI
The Institute for Development and Research in Banking Technology (IDRBT), an arm of Reserve Bank of India, has launched a 5G Use Cases Lab for banking and financial sector.
Q2
Which Bank has launched ‘NRI-Insta-Online’ account opening process for NRIs residing in the Financial Action Task Force (FATF) member countries?
- A. HDFC Bank
B. Bank of Baroda
C. State Bank of India
D. IDBI Bank
IDBI Bank has launched ‘NRI-Insta-Online’ account opening process for NRIs residing in the Financial Action Task Force (FATF) member countries. The person will not be required to furnish physical documents as well as KYC proofs for opening an account with the bank.
Q3
Where is the headquarters of IDRBT?
- A. Hyderabad
B. Mumbai
C. Chennai
D. New Delhi
The headquarters of IDRBT located in Hyderabad.
Q4
Who has been appointed as the President of the World Bank recently?
- A. Chrystia Freeland
B. Robert Lighthizer
C. David Malpass
D. Wilbur Ross
David Malpass has been appointed as the President of the World Bank. He was US President Donald Trump’s nominee and won unanimous approval from the institution’s executive board. He has replaced Former World Bank President Jim Yong Kim who left in January 2019. Malpass was former Bear Stearns and Co chief economist who advised Trump’s 2016 election campaign.
Q5
The International Monetary Fund (IMF) and the World Bank have together launched a private blockchain with a pseudo-token. The new token called-?
- A. Learning Sikka
B. Learning Cash
C. Learning Coin
D. Learning Money
The International Monetary Fund (IMF) and the World Bank have together launched a private blockchain with a pseudo-token. The new token, called “Learning Coin” and only accessible within the IMF and World Bank, has a purpose to teach relevant individuals within the organizations about blockchain.