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
In which year, MICR system for cheque was implemented in India?
A. 1987
B. 1996
C. 1990
D. 1993
Question 2
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
Question 3
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
Question 4
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
Question 5
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
Question 6
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
Question 7
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
Question 8
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
Question 9
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
Question 10
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
Question 11
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
Question 12
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
Question 13
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
Question 14
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%
Question 15
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
Question 16
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
Question 17
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
Question 18
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
Question 19
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
Question 20
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
Question 21
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
Question 22
RBI imposes Rs 1 Crore Penalty on which bank for violating norms?
A. HDFC
B. PNB
C. ICICI
D. SBI
Question 23
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
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
Question 25
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
Question 26
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
Question 27
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%
Question 28
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
Question 29
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
Question 30
Which bank has announced the launch of 'Green Fixed Deposits'?
A. Axis Bank
B. ICICI Bank
C. HDFC Bank
D. IndusInd Bank
Question 31
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
Question 32
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
Question 33
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
Question 34
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
Question 35
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
Question 36
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
Question 37
Which bank has launched the bob World Wave in collaboration with the NPCI?
A. ICICI
B. Karnataka Bank
C. Bank of Baroda
D. PNB
Question 38
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
Question 39
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
Question 40
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
Question 41
Which bank has partnered with Star Health Insurance for bancassurance?
A. ICICI
B. PNB
C. Federal Bank
D. HDFC
Question 42
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
Question 43
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
Question 44
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
Question 45
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
Question 46
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
Question 47
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
Question 48
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
Question 49
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
Question 50
Which bank has topped in digital payments?
A. Bank Of Baroda
B. State Bank of India
C. Punjab National Bank
D. HDFC bank
Question 51
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
Question 52
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
Question 53
Which bank has won the digital transformation award 'DX 2021 Awards' by the CII?
A. Karnataka Bank
B. Axis
C. ICICI
D. HDFC
Question 54
Which bank has won the right to sell Vijay Mallya's London home?
A. UBS
B. BFC
C. ADIB
D. CAF
Question 55
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
Question 56
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
Question 57
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
Question 58
Which bank is being authorized by the Government of India to issue and encash Electoral Bonds?
A. BOI
B. SBI
C. PNB
D. BOB
Question 59
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
Question 60
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
Question 61
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
Question 62
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
Question 63
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
Question 64
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)
Question 65
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
Question 66
Which Indian bank has won 2 DigiDhan Awards by MeitY?
A. ICICI
B. BOB
C. PNB
D. Karnataka Bank
Question 67
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
Question 68
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
Question 69
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
Question 70
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
Question 71
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
Question 72
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
Question 73
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
Question 74
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
Question 75
Who has been appointed as MD & CEO of Ujjivan Small Finance Bank?
A. Rakesh Kumar
B. Rajnish Kumar
C. Ittira Davis
D. Rajiv Kumar
Question 76
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
Question 77
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