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Banking MCQ Questions & Answers

Banking MCQs : This section focuses on the "Banking". These Multiple Choice Questions (MCQs) should be practiced to improve the Banking skills required for various interviews (campus interview, walk-in interview, company interview), placement, entrance exam and other competitive examinations.




Question 1

Who has been appointed as MD & CEO of Ujjivan Small Finance Bank?

A. Rakesh Kumar
B. Rajnish Kumar
C. Ittira Davis
D. Rajiv Kumar

View Answer

Question 2

Which bank has been named as the best private bank in India in the recent Global Private Banking Awards 2021?

A. HDFC bank
B. Kotak Mahindra Bank
C. ICICI Bank
D. state Bank of India

View Answer

Question 3

Which bank in partnership with NPCI to become 1st Indian bank to offer cross-border payments via UPI?

A. IndusInd Bank
B. Kotak Mahindra Bank
C. Canara Bank
D. Punjab National Bank

View Answer

Question 4

India's first standalone metal debit card "FIRST Private Infinite Card", has been launched by which bank?

A. HDFC
B. AXIS
C. ICICI
D. IDFC FIRST Bank

View Answer

Question 5

Which bank has been selected under 'Most Innovative Best Practice' at the coveted CII Digital Transformation Award 2021 or CII DX Award 2021?

A. DBS Bank
B. HDFC Bank
C. State Bank of India
D. Union Bank of India

View Answer

Question 6

Vasudevan PN has been re-appointed as MD and CEO of which bank?

A. Yes Bank
B. Punjab and Sind Bank
C. Canara Bank
D. Equitas Small Finance Bank

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Question 7

Which bank will acquire up to 9.95 per cent stake in IFSC Ltd?

A. State Bank of India
B. Canara Bank
C. Bank of Baroda
D. Punjab National Bank

View Answer

Question 8

Which of the following has launched a mobile app "Saarthi" based on investor education in Mumbai, Maharashtra?

A. Securities and Exchange Board of India
B. National Payments Corporation of India
C. Association of Mutual Funds of India
D. Reserve Bank of India

View Answer

Question 9

What is the deadline for KYC updation for bank accounts, as per the recent notification of RBI?

A. January 31, 2022
B. June 30, 2022
C. March 31, 2022
D. September 30, 2022

View Answer

Question 10

RBI has imposed Rs 1 crore penalty on the State Bank of India for violating norms related to holding shares of the paid-up share capital of the companies as stated in subsection (2) of the section which of the Banking Regulation Act defines this rule?

A. Section 19
B. Section 28
C. Section 21
D. Section 15

View Answer

Question 11

Which bank signed a co-lending agreement with U GRO Capital?

A. World Bank
B. Reserve Bank of India
C. State bank of India
D. Central Bank of India

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Question 12

Which bank has tied up with Swift to provide digital banking solutions to clients?

A. State Bank of India
B. Federal Bank
C. ICICI Bank
D. Axis Bank

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Question 13

Which of the following bank has set up a separate internal department for fintech?

A. State Bank Of India
B. Indusland Bank
C. HDFC Bank
D. Bank of Baroda

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Question 14

Patanjali Ayurved Ltd has been announced the launch of a co-branded Rupay contactless credit card in partnership with which bank?

A. HDFC Bank
B. Punjab National Bank
C. Bank of Baroda
D. State Bank of India

View Answer

Question 15

Which bank has signed a co-loan agreement with U Grow Capital?

A. Central Bank Of India
B. Bank of India
C. Canara Bank
D. Bank of Baroda

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Question 16

Which financial body has approved a $1.5 billion loan to India for procuring a safe and effective COVID Vaccine?

A. World Bank
B. European Bank for Reconstruction and Development (EBRD)
C. New Development Bank (NDB)
D. Asian Development Bank (ADB)

View Answer

Question 17

Google and which bank have tied up to boost the bank's customer experience strategy?

A. Bank of Baroda
B. Yes Bank
C. Canara Bank
D. RBL Bank

View Answer

Question 18

Which of the following banks has tied up with NSE Academy to start 5 online courses?

A. Canara Bank
B. Bank of Baroda
C. NABARD
D. State Bank Of India

View Answer

Question 19

Which Payments Bank has partnered with NPCI Bharat Bill Pay Limited to facilitate pan India doorstep bill payments service?

A. India Post Payments Bank
B. Jio Payments Bank
C. Paytm Payments Bank
D. Fino Payments Bank

View Answer

Question 20

Which bank has topped in digital payments?

A. Bank Of Baroda
B. State Bank of India
C. Punjab National Bank
D. HDFC bank

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Question 21

Which bank has launched the bob World Wave in collaboration with the NPCI?

A. ICICI
B. Karnataka Bank
C. Bank of Baroda
D. PNB

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Question 22

Who has been appointed as the 'officer on special duty' in Punjab National Bank?

A. Atul Kumar Goel
B. A.S. Rajeev
C. Shanti Lal Jain
D. Mallikarjuna Rao

View Answer

Question 23

Which of the following banks has launched the android app "Pride-CRMD module" for differently-abled employees?

A. PNB
B. HDFC
C. SBI
D. BOB

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Question 24

SBI signed an MoU with Kendriya Sainik Board to provide a grant of how many per month to 8,333 war veterans' children?

A. 1000
B. 1800
C. 1500
D. 2000

View Answer

Question 25

Which bank has partnered with Star Health Insurance for bancassurance?

A. ICICI
B. PNB
C. Federal Bank
D. HDFC

View Answer

Question 26

Which bank has partnered with the Ministry of Culture to set up Atmanirbhar Bharat Centre for Design (ABCD) at Red Fort to promote GI products of the country?

A. Bank of Baroda
B. State Bank of India
C. Bank of Maharashtra
D. Punjab National Bank

View Answer

Question 27

Which bank has launched a feature-rich savings bank product "Mitra Plus" for women?

A. Canara Bank
B. BANK OF Boroda
C. ICICI Bank
D. Federal Bank

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Question 28

Which bank has announced the launch of 'Green Fixed Deposits'?

A. Axis Bank
B. ICICI Bank
C. HDFC Bank
D. IndusInd Bank

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Question 29

As per the data by NPCI, which bank was the largest recipient of the UPI transaction amount in the October-December quarter in 2021?

A. Bank of Baroda
B. State Bank of India
C. Paytm Payments Bank
D. Punjab National Bank

View Answer

Question 30

RBI imposes Rs 1 Crore Penalty on which bank for violating norms?

A. HDFC
B. PNB
C. ICICI
D. SBI

View Answer

Question 31

Which bank has signed a co-lending agreement with U GRO Capital to provide INR 1000 crore formal credit to underserved MSMEs at affordable rates?

A. IndusInd Bank
B. Bank of Baroda
C. Central Bank of India
D. Indian Overseas Bank

View Answer

Question 32

Which bank was in the news after hackers siphoned Rs 12 crore from the bank's fund to various other bank accounts by hacking the server of the bank?

A. Andhra Pradesh Mahesh Co-op Urban Bank
B. Punjab & Maharashtra Co-operative Bank Ltd.
C. Nasik Merchant's Co-operative Bank Ltd.
D. Amanath Co-operative Bank Ltd. Bangalore

View Answer

Question 33

LazyPay has partnered with which bank to launch its credit card segment LazyCard?

A. SBM Bank India
B. DBS Bank
C. ICICI Bank
D. HDFC Bank

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Question 34

Which bank is being authorized by the Government of India to issue and encash Electoral Bonds?

A. BOI
B. SBI
C. PNB
D. BOB

View Answer

Question 35

Which financial institution has approved a $300 million loan to strengthen and improve access to comprehensive primary health care in urban areas in India?

A. Asian Development Bank (ADB)
B. New Development Bank (NDB)
C. World Bank
D. Asian Infrastructure Investment Bank

View Answer

Question 36

RBI Authorized which bank to collect indirect taxes on behalf of the Central Board of Indirect Taxes and Customs (CBIC)?

A. CSB Bank
B. RBL Bank
C. Karnataka Bank
D. City Union Bank

View Answer

Question 37

BOB Financial Solutions Ltd has partnered with which of the following to launch Easy and Premium variants of BOB's credit cards?

A. Visa
B. RBI
C. Maestro
D. NPCI

View Answer

Question 38

Which Finance Bank has signed a partnership agreement with fintech firm, Indiagold to launch India's first Loan against Digital Gold?

A. Shivalik Small Finance Bank
B. Equitas Small Finance Bank
C. Suryoday Small Finance Bank
D. ESAF Small Finance Bank

View Answer

Question 39

Which of the following bank along with Vayana Network has won the 'Most Effective Bank-Fintech Partnership' award at the IBSi-Global Fintech Innovation Awards 2021?

A. RBL Bank
B. Federal Bank
C. Karur Vysya Bank
D. DCB Bank

View Answer

Question 40

Indian Institute of Management Kozhikode has partnered with which bank through its Business incubator LIVE to disburse the loan to startups under the startup funding scheme, 'IndSpring Board'?

A. Bank of Baroda
B. Indian Bank
C. State Bank of India
D. Punjab National Bank

View Answer

Question 41

India has signed a loan agreement with which financial institution worth USD 250 million to improve the quality of learning in the state of Andhra Pradesh?

A. Asian Development Bank (ADB)
B. Asian Infrastructure Investment Bank (AIIB)
C. United Nations Development Programme (UNDP)
D. World Bank

View Answer

Question 42

Karnataka government has partnered with the NPCI & which bank to enable and implement the 'e-RUPI'?

A. Bank of Baroda
B. State Bank of India
C. IndusInd Bank
D. Bandhan Bank

View Answer

Question 43

Which Small Finance Bank has partnered with HDFC Bank to launch its new co-branded credit cards?

A. ESAF Small Finance Bank
B. Equitas Small Finance Bank
C. Utkarsh Small Finance Bank
D. Jana Small Finance Bank

View Answer

Question 44

Which bank has listed its USD 650-million green bonds simultaneously on the India INX and the LuxSE?

A. Federal Bank
B. Dhanlaxmi Bank
C. State Bank of India
D. IndusInd Bank

View Answer

Question 45

Which bank in India has launched the first of its kind credit card made from recycled PVC plastic?

A. IndusInd Bank
B. HSBC
C. DCB
D. Canara Bank

View Answer

Question 46

Tata Group has chosen three banks as its preferred bankers for Air India. Which of these banks is not among them?

A. SBI
B. ICICI Bank
C. Bank of Baroda
D. HDFC Bank

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Question 47

LIC got RBI's approval to hold how much percent stake in IndusInd Bank?

A. 9.99%
B. 9.79%
C. 9.69%
D. 9.89%

View Answer

Question 48

Which bank has become the second-largest merchant-acquisition bank in PoS machines with over two lakh card-swiping machines installed?

A. Yes Bank
B. Axis Bank
C. Indusland Bank
D. Bank of Baroda

View Answer

Question 49

Who launched the Bob World Wave Wearable Payment Solution?

A. Reserve Bank of India
B. Indian Bank
C. Indian Overseas Bank
D. Bank of Baroda

View Answer

Question 50

Which bank was the biggest remitter of the UPI transaction amount in December 2021, as per the data by NPCI?

A. State Bank of India
B. HDFC Bank
C. Bank of Baroda
D. IndusInd Bank

View Answer

Question 51

Which bank has signed an agreement with UIL for empowering women entrepreneurs by providing financial assistance?

A. State Bank of India
B. Punjab National Bank
C. Canara Bank
D. Bank of Baroda

View Answer

Question 52

How many classifications are used by RBI to classify banks as Domestic Systemically Important Banks (D-SIBs)?

A. 1
B. 2
C. 3
D. 5

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Question 53

Which bank has launched EASY PAY integrated Debit Card facility in a Fitness Watch?

A. Indian Overseas Bank
B. Bank of Baroda
C. City Union Bank
D. Karur Vysya Bank

View Answer

Question 54

IIT Hyderabad has launched an AI-based job portal "Swarajability" for people with disabilities, with funding support from which bank?

A. Bank of Baroda
B. States Bank of India
C. Kotak Mahindra Bank
D. Punjab National Bank

View Answer

Question 55

Reserve Bank of India has approved which Payments Bank for commencing international (Cross Border) remittance business under the Money Transfer Service Scheme (MTSS)?

A. Paytm Payments Bank
B. Fino Payments Bank
C. Airtel Payments Bank
D. Jio Payments Bank

View Answer

Question 56

RBI has imposed restrictions on which bank, including restrictions on withdrawals up to Rs. 10,000 for customers?

A. HDFC
B. Nagar Urban Co-operative Bank
C. PNB
D. SBI

View Answer

Question 57

Indipaisa has signed a partnership agreement with which Payments Bank to launch Fintech solutions targeting the SME sector?

A. NSDL Payments Bank
B. Fino Payments Bank
C. Paytm Payments Bank
D. India Post Payments Bank

View Answer

Question 58

Which bank has won the right to sell Vijay Mallya's London home?

A. UBS
B. BFC
C. ADIB
D. CAF

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Question 59

The Reserve Bank of India has increased the cap on promoters' stake in the private bank to which percent of the paid-up voting equity share capital of the bank?

A. 15%
B. 18%
C. 21%
D. 26%

View Answer

Question 60

Which Indian bank has won 2 DigiDhan Awards by MeitY?

A. ICICI
B. BOB
C. PNB
D. Karnataka Bank

View Answer

Question 61

NPCI Bharat BillPay (NBBL) has launched UPMS, a new system to simplify recurring bill payments. What does UPMS stand for?

A. Unified Presentment Management System
B. Uninterrupted Presentment Management System
C. Utility Presentment Management System
D. Universal Presentment Management System

View Answer

Question 62

Which bank has partnered with Marwadi Financial Services to offer 3 in 1 Savings account to customers?

A. NSDL Payments Bank
B. India Post Payments Bank
C. Jio Payments Bank
D. Fino Payments Bank

View Answer

Question 63

Which bank has partnered with the National Payments Corporation to offer real-time cross-border remittances to India using UPI IDs, for its MTO partners?

A. RBL Bank
B. IndusInd Bank
C. State Bank of India
D. Bank of Baroda

View Answer

Question 64

Which bank has signed an MoU with IPPB to offer banking services of IPPB in semi-urban and rural areas?

A. ICICI Bank
B. RBL Bank
C. State Bank of India
D. HDFC Bank

View Answer

Question 65

RBI has authorized which bank to collect direct taxes on behalf of the CBDT?

A. RBL Bank
B. Lakshmi Vilas Bank
C. DBS Bank
D. Yes Bank

View Answer

Question 66

Which is the first bank to launch Debit card in India?

A. Standard Chartered Bank
B. Citi Bank
C. ABN Amro Bank
D. American Express Bank

View Answer

Question 67

RBI has cancelled the license of Independence Co-operative Bank Ltd. Where is the headquarter of the bank located?

A. Nashik
B. Pune
C. Raipur
D. Kochi

View Answer

Question 68

The Punjab and Maharashtra Co-operative Bank Ltd. has been amalgamated with which bank?

A. Ujjivan Small Finance Bank
B. Shivalik Small Finance Bank
C. Fincare Small Finance Bank
D. Unity Small Finance Bank

View Answer

Question 69

Which bank has partnered with Creditas Solutions to launch its 'Neo Collections' platform?

A. ICICI Bank
B. IndusInd Bank
C. Canara Bank
D. RBL Bank

View Answer

Question 70

Which bank has won the digital transformation award 'DX 2021 Awards' by the CII?

A. Karnataka Bank
B. Axis
C. ICICI
D. HDFC

View Answer

Question 71

Which payments bank has partnered with MoneyGram to enable international fund transfer?

A. Fino Payments Bank
B. India Post Payments Bank
C. Paytm Payments Bank
D. Airtel Payments Bank

View Answer

Question 72

Which bank has topped the 2021 list of globally systemic banks (G-SIBs) released by the Financial Stability Board (FSB)?

A. JP Morgan Chase
B. Goldman Sachs
C. Wells Fargo
D. Morgan Stanley

View Answer

Question 73

Which bank has topped in digital transactions in the financial year 2020-21?

A. Indian Bank
B. Canara Bank
C. ICICI Bank
D. Bank of Baroda

View Answer

Question 74

Which bank in collaboration with NPCI launched the 'On-the-Go' wearable keychain?

A. Kotak Mahindra Bank
B. Yes Bank
C. ICICI Bank
D. City Union Bank

View Answer

Question 75

In which year, MICR system for cheque was implemented in India?

A. 1987
B. 1996
C. 1990
D. 1993

View Answer

Question 76

Which bank has received the award for 'Intelligent Banking' in the 'Best Digital Customer Experience initiative' category?

A. HDFC
B. PNB
C. DBS India
D. SBI

View Answer

Question 77

Which bank has been fined by the Reserve Bank of India for deficiencies in regulatory compliance?

A. ICICI Bank
B. Yes Bank
C. Bank of Baroda
D. Canara Bank

View Answer