Latest Banking Dates General Knowledge(GK) Questions and answers

1 .

Which bank has launched 'IOB Trendy', a savings account customized for the growing millennial population in the country?

A)

SBI

B)

YES Bank

C)

Punjab National Bank

D)

Indian Overseas Bank

Correct Answer : Indian Overseas Bank

The Indian Overseas Bank has launched 'IOB Trendy', a savings account customized for the growing millennial population in the country by keeping their banking preferences in mind.

2 .

The Royal Commission on Indian Currency and Finance was also known as?

A)

Hartog Commission

B)

Buttler Commission

C)

Hilton-Young Commission

D)

Muddiman Committee

Correct Answer : Hilton-Young Commission

Hilton-Young Commission was the Royal Commission on Indian Currency and Finance set up by British Government of India in 1920s. In 1926, this commission had recommended to the government to create a central bank in the country. On the basis of mainly this commission, the RBI act was passed.

3 .

What is the maximum amount that banks can charge from customers w.e.f January 01, 2022, after free ATM transactions are over?

A)

Rs 25

B)

Rs 21

C)

Rs 17

D)

Rs 15

Correct Answer : Rs 21

Presently banks are allowed to charge from customers a maximum of Rs 20 per transaction. RBI has increased this limit to Rs 21 per transaction w.e.f January 1, 2022.

4 .

The NITI Aayog has recommended the names of which bank for privatization in 2021-22?

A)

IOB and PNB

B)

Central Bank of India and IOB

C)

BoI and Canara Bank

D)

Canara Bank and Bank of Maharashtra

Correct Answer : Central Bank of India and IOB

The Government think-tank NITI Aayog has recommended the names of Central Bank of India and Indian Overseas Bank for privatization in the current fiscal.

5 .

Factoring Business is also known as by which of the following names?

A)

Invoice Factoring

B)

Asset Based Lending

C)

Accounts Receivable Factoring

D)

All of the Above

Correct Answer : All of the Above

Factoring is commonly referred to as accounts receivable factoring, invoice factoring, and sometimes accounts receivable financing. Accounts receivable financing is a term more accurately used to describe a form of asset based lending against accounts receivable.

6 .

Which of the following is the largest Housing Finance Company in India?

A)

HDFC

B)

HUDCO

C)

SBI

D)

IHFL

Correct Answer : HDFC

Housing Development Finance Corporation Ltd ( HDFC ) is the largest and the best home loan company in India based on Turnover.

7 .

The Bharti AXA Life has signed a pact with which of the following small finance bank?

A)

Shivalik Small Finance Bank

B)

Capital Small Finance Bank

C)

Ujjivan Small Finance Bank

D)

AU Small Finance Bank

Correct Answer : Shivalik Small Finance Bank

The Bharti AXA General launches Health Advantage; this alliance will enable over 4.5 lakh customers of Shivalik Bank to access the range of products offered by the company to provide financial security.

8 .

Which bank has launched 3 loan schemes Chikitsa, Jeevanrekha, and Suraksha?

A)

HDFC Bank

B)

YES Bank

C)

Canara Bank

D)

SBI

Correct Answer : Canara Bank

The Canara Bank introduced three loan initiatives Chikitsa, Jeevanrekha and Suraksha for its customers to help them cope with the corona virus outbreak.

9 .

Where is the headquarter of SBI located in India?

A)

New Delhi

B)

Chennai

C)

Bangalore

D)

Mumbai

Correct Answer : Mumbai

State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 43rd largest bank in the world and ranked 221st in the Fortune Global 500 list of the world's biggest corporations of 2020, being the only Indian bank on the list. It is a public sector bank and the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the fifth largest employer in India with nearly 250,000 employees.

The bank descends from the Bank of Calcutta, founded in 1806 via the Imperial Bank of India, making it the oldest commercial bank in the Indian Subcontinent. The Bank of Madras merged into the other two presidency banks in British India, the Bank of Calcutta and the Bank of Bombay, to form the Imperial Bank of India, which in turn became the State Bank of India in 1955. The Government of India took control of the Imperial Bank of India in 1955, with Reserve Bank of India (India's central bank) taking a 60% stake, renaming it State Bank of India.

10 .

The LIC hiked its stake to 5.06% in which bank?

A)

Punjab National Bank

B)

Union Bank of India

C)

SBI

D)

Canara Bank

Correct Answer : Union Bank of India

The LIC has hiked its stake to 5.06% in state-run Union Bank of India with acquisition of nearly 2% additional stake in the bank.