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Banking - General Knowledge Questions
A)
1935
B)
1942
C)
1957
D)
1968

Correct Answer :   1957

It was in September, 1955 that the Indian Coinage Act was amended for the country to adopt a metric system for coinage. The Act came into force with effect from 1 April 1957, after which anna and pice denominations were demonetised.

A)
HSBC
B)
ICICI Bank
C)
IDBI Bank
D)
DBS Bank

Correct Answer :   HSBC

HSBC India has launched digital banking solutions for its corporate customers. “HSBC SmartServe and HSBC IntelliSign are first-of-its-kind digital solutions aimed at ensuring a quick, secure and seamless on-boarding process for corporate clients,” it said in a statement on 19-May-2021.

A)
2003
B)
2005
C)
2007
D)
2008

Correct Answer :   2005

BPSS was established in 2005 to regulate and supervise the payment and settlement systems. It is one of the two assistive bodies to Central Board of Directors.

A)
IndusInd Bank
B)
ICICI Bank
C)
HDFC Bank
D)
SBI

Correct Answer :   SBI

The Ministry of Electronics & Information Technology (MeitY) has released the list of “Digital Payment Scorecard”. In the list, the State Bank of India (SBI) has topped for the third consecutive months.

A)
Imperial Bank of Madras
B)
Imperial Bank of Hindustan
C)
Imperial Bank of Bengal
D)
Imperial Bank of India

Correct Answer :   Imperial Bank of India

The Presidency banks viz. Bank of Bengal, Bank of Bombay and Bank of Madras amalgamated on January 27, 1921 and the Imperial Bank of India was formed under the Imperial Bank of India Act, 1920. After Independence, the Imperial Bank of India was nationalized under the State Bank of India Act, 1955 and State Bank of India (SBI) was formed.

A)
World Economic Forum
B)
World Bank
C)
Economist Intelligence Unit
D)
United Nations Development Programmed

Correct Answer :   Economist Intelligence Unit

The Global Livability Index 2021 is released by the Economist's Intelligence Unit to rank 140 cities globally to measure the quality of life of the people, based on the challenges presented to an individual's lifestyle in the past year.

A)
BoI and PNB
B)
Union Bank of India and IOB
C)
Indian Bank and UCO Bank
D)
Bank of Maharashtra and Canara Bank

Correct Answer :   BOI and PNB

The RBI has imposed monetary penalty aggregating to Rs 6 crore on Bank of India and Punjab National Bank for contravention of norms related to "Frauds Classification and Reporting".

A)
Beginners Prime Lending Rate
B)
Benchmark Prime Lending Rate
C)
Beginners Prime Lending Rate
D)
Benchmark Primary Lending Rate

Correct Answer :   Benchmark Prime Lending Rate

Benchmark Prime Lending Rate is the rate at which commercial banks charge their customers who are most creditworthy. According to the Reserve Bank of India (RBI), banks can fix the BPLR with the approval of their Boards.

A)
ICICI Bank
B)
HDFC Bank
C)
SBI
D)
Punjab National Bank

Correct Answer :   ICICI Bank

The ICICI Bank has tied up with Society for Worldwide Interbank Financial Telecommunications to offer the facility called 'SWIFT gpi instant', for cross border inward payments.

A)
SBI
B)
Axis Bank
C)
DBS Bank
D)
Yes Bank

Correct Answer :   Yes Bank

The report titled 'India GDP: Marathon effort ahead' prepared by Yes Bank.