Mar’24 Top Banking MCQs

Ques: What is the theme of this year’s Financial Literacy Week (FLW)?
A. Make a Right Start – Become Financially Smart
B. Make a Change– Become Financially Smart
C. Make a Right Start – Become Mentally Smart
D. Make a Choice – Become Financially Smart

• Financial Literacy Week (FLW) campaign was held from February 26 to March 1, 2024.
• This year’s theme, is “Make a Right Start – Become Financially Smart,” with emphasis on “Saving and Power
of Compounding”, “Banking Essentials for Students” and “Digital and Cyber Hygiene”

Ques: What is the rank of India in the International Intellectual Property (IP) Index?
A. 42nd
B. 43rd
C. 44th
D. 45th

• The US Chamber of Commerce recently unveiled the 12th edition of its International Intellectual Property
(IP) Index.
• India secured the 42nd position out of the 55 countries evaluated, with an overall score of 38.64 percent.
• The United States retained its position at the pinnacle, followed closely by the United Kingdom and France.

Ques: Flipkart introduces its own UPI services, Flipkart UPI, in partnership with which bank? ि"लपकाट( ने िकस ब-क के साथ
A. HDFC
B. Axis
C. PNB
D. SBI

• E-commerce giant Flipkart has made a significant move in the digital payments space by introducing its own
UPI services, Flipkart UPI, in partnership with Axis Bank.
• Axis Bank
Ø CEO: Amitabh Chaudhry
Ø Founded: 1993, Ahmedabad
Ø Headquarters: Mumbai
• Flipkart
Ø Founders: Binny Bansal, Sachin Bansal
Ø CEO: Kalyan Krishnamurthy
Ø Parent organization: Walmart
Ø Founded: October 2007, Bengaluru
Ø Headquarters: Bengaluru

Ques: Who has been appointed as the new chairperson and independent director of the PayU? PayU के नए अ1य3 और
A. Mahendra Kumar
B. Mishi Saxena
C. Renu Malik
D. Renu Sud Karnad

• PayU Payments Private Ltd has announced the appointment of Renu Sud Karnad as the chairperson and
independent director.
• PayU
Ø Founded - 2002
Ø Headquartered - Hoofddorp
Indian Monsoon www.parchamclasses.in

Ques: Who has been appointed as the new as part-time chairman of Tamilnad Mercantile Bank Ltd. (TMB)? तिमलनाडु
A. S. Ravindran
B. Byju Ravindran
C. Malik
D. None

• The Reserve Bank of India (RBI) has taken a significant step by appointing S. Ravindran as the part-time
chairman of Tamilnad Mercantile Bank Ltd. (TMB).
• Tamilnad Mercantile Bank Ltd. (TMB)
Ø Founded: 11 May 1921
Ø Headquarters: Thoothukudi, Tamil Nadu

Ques: A five-day exchange program for faculty members of foreign service academies within BIMSTEC member
states have commenced in which place?
A. Mumbai
B. Lahore
C. Dhaka
D. Paris

• A five-day exchange program for faculty members of foreign service academies within the Bay of Bengal
Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) member states has commenced
in Dhaka.
• BIMSTEC
Ø Membership – Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, Thailand
Ø Establishment 6 June 1997

Ques: Where is the HQ of the credit rating agency Moody’s?

A. New York
B. San Francisco
C. Mumbai
D. Geneva

• Moody’s, the global credit rating agency, has raised its GDP forecast for India in 2024 to 6.8%, reflecting a
positive economic outlook.
• Moody’s
Ø Founded – 1909
Ø Founder - John Moody
Ø Headquarters - New York City, United States

Ques: Which company has been authorized by the RBI to implement the interoperable net banking payment
system.?
A. Muthoot Finance
B. HDFC
C. NPCI Bharat BillPay Ltd.
D. None

• Reserve Bank Governor Shaktikanta Das recently announced the forthcoming launch of an interoperable
payment system for internet banking, aimed at enhancing the efficiency of digital payments in India.
• NPCI Bharat BillPay Ltd. has been authorized by the RBI to implement the interoperable net banking
payment system.
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Ques: The Reserve Bank of India (RBI) has announced how many banks are now participating in the UDGAM portal,
designed for individuals to search for their unclaimed deposits/accounts?

A. 30
B. 40
C. 50
D. 60

Ques: Finance Minister Sitharaman Inaugurates LIC’s International Business Centre in which place?
A. Gift City, Gujarat
B. Mumbai, Maharashtra
C. Lucknow, UP
D. Bengaluru, Karnataka

Ques: The Index of Industrial Production (IIP) for January 2024, reveals a growth of how much percent?
A. 1 %
B. 3.8 %
C. 10.7%
D. 14.9%
• The Ministry of Statistics and Programme Implementation recently released the Quick Estimates of the Index
of Industrial Production (IIP) for January 2024, revealing a growth of 3.8 percent.
About the Index of Industrial Production (IIP):
• It is one of the prime indicators of economic development for the measurement of trends in the behavior of
industrial production over some time regarding a chosen base year.
• It is computed and published by the Central Statistical Organisation (CSO), Ministry of Statistics and
Programme Implementation, every month.
• The current base year for the IIP series in India is 2011-12.

Ques: Accenture acquired which edtech platform recently?

A. Udacity
B. Byjus
C. Edison
D. Built In

Ques: Which company is set to revolutionize the motorsports industry by manufacturing fuel tailored for adrenaline-
pumping Formula One (F1) racing?
A. Gas Authority of India (GAIL)
B. Bharat Petroleum
C. Reliance
D. Indian Oil Corporation Ltd (IOC)

Ques: Which company is set to revolutionize the motorsports industry by manufacturing fuel tailored for adrenaline-
pumping Formula One (F1) racing?
A. Gas Authority of India (GAIL)
B. Bharat Petroleum
C. Reliance
D. Indian Oil Corporation Ltd (IOC)
• The Small Industries Development Bank of India (SIDBI) has secured $24.5 million from the Green Climate
Fund (GCF) for its inaugural anchored project, the Avaana Sustainability Fund (ASF), valued at $120 million.

Small Industries Development Bank of India (SIDBI)

• Founded: 2 April 1990
• Subsidiaries: Mudra Bank, North India Technical Consultancy Organisation Ltd., Sidbi Trustee Company
Limited
• Headquarters: Lucknow, Uttar Pradesh, India
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Ques: The Reserve Bank of India (RBI) has issued notices to which banks, directing them to halt the issuance of new
co-branded credit cards?
A. HDFC
B. Federal Bank and South Indian Bank
C. Axis Bank
D. PNB
• The Reserve Bank of India (RBI) has issued notices to Federal Bank and South Indian Bank, directing them to
halt the issuance of new co-branded credit cards.
• Both Federal Bank and South Indian Bank have assured that they will continue to offer credit cards to new
and existing customers in the non-co-branded segment. Furthermore, they will continue to service existing
co-branded cardholders.
Federal Bank
• Headquarters: Aluva
• Founded: 23 April 1931, Nedumpuram
South Indian Bank
• Headquarters: Thrissur
• Founded: 25 January 1929

Ques: Axis Mutual Fund has teamed up with which company to enhance the performance and productivity of Axis
MF employees across various levels?
A. Enparadigm
B. Built In
C. Razor Learning
D. None

Ques: Airtel Payments Bank, in collaboration with which company, introduces a pioneering solution for contactless
payments through the Airtel Payments Bank Smart Watch?
A. Apple
B. Noise and Mastercard
C. Titan
D. None

Ques: Which company has achieved a significant milestone by being conferred with the status of Miniratna
Category-I Central Public Sector Enterprise (CPSE)?
A. Grid Controller of India Limited (GRID-INDIA)
B. Cairn India
C. Castrol India
D. Titan

• Grid Controller of India Limited (GRID-INDIA) has achieved a significant milestone by being conferred with
the status of Miniratna Category-I Central Public Sector Enterprise (CPSE).
• This recognition was bestowed upon by the Ministry of Power, Government of India.
• Grid Controller of India Limited (GRID-INDIA)
• Founded March 2009
• Headquarters New Delhi, India

Ques: The first UA Day was held on which year?

A. 2022
B. 2023
C. 2024
D. 2021
• National Internet Exchange of India (NIXI) is set to unveil the BhashaNet portal at the upcoming
Universal Acceptance (UA) Day.
Universal Acceptance (UA) Day
• The first UA Day was held on 28 March 2023
• Theme: “BhashaNet: Impetus Towards Universal Acceptance”
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Ques: The share of private sector banks in total deposits has risen significantly, reaching how much % as of
December 2023?
A. 34%
B. 45%
C. 89%
D. 20%

Ques: Which bank has announced the launch of the Earth Green Term Deposit Scheme?
A. Axis Bank
B. HDFC
C. PNB
D. Bank of Baroda

• The Bank of Baroda has announced the launch of the Bob Earth Green Term Deposit Scheme. The scheme
provides interest up to 7.15% p.a. on deposits ranging from Rs. 5,000 to Below Rs. 2 Crore.
• The scheme aims to raise deposits that will be used to finance eligible environment-friendly projects and
sectors, fostering India’s transition to a green and sustainable economy.
Bank of Baroda
• Founded: 20 July 1908, Vadodara
• Headquarters: Alkapuri, Vadodara

Ques: Which bank has forged a strategic partnership with the Indian Olympic Association (IOA) to become the
Official Banking Partner for Team India at the Paris Olympics 2024
A. Axis Bank
B. Yes Bank
C. PNB
D. Bank of Baroda

• YES Bank has forged a strategic partnership with the Indian Olympic Association (IOA) to become the Official
Banking Partner for Team India at the Paris Olympics 2024.
YES Bank
• CEO: Prashant Kumar (6 Mar 2020–)
• Headquarters: Mumbai
• Founders: Rana Kapoor, Ashok Kapur
• Founded: 2004

Ques: Which bank has committed ₹100 Crore to enhance Cancer Care through the National Cancer Grid?
A. Axis Bank
B. Yes Bank
C. PNB
D. Bank of Baroda

Ques: The Reserve Bank of India (RBI) made its largest gold purchase since July 2022. What is the current RBI
Gold Holding?
A. 705 tonnes
B. 800 tonnes
C. 812.3 tonnes
D. 803.58 tonnes

Ques: Kotak Mahindra Bank has appointed whom as the current MD, and CEO of Kotak Securities? कोटक मिह=ं ा ब-क ने
A. Jaideep Hansraj
B. Jagdeep Sahani
C. Amit Goyal
D. Amrendra Saxena
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Ques: SANY India, a top construction equipment manufacturer, has forged a strategic partnership with which
Bank to fuel growth and development opportunities in the region?
A. J&K Bank
B. Yes Bank
C. HDFC
D. PNB

• SANY India, a top construction equipment manufacturer, has forged a strategic partnership with J&K Bank to
fuel growth and development opportunities in the region.
J&K Bank
• Founded 1 October 1938; 85 years ago
• Founder Mahraja Hari Singh
• Headquarters Srinagar, Jammu and Kashmir, India

Ques: Who has been elected as the new chairman of the Indian Banks Association?
A. Jaideep Sinha
B. M.V. Rao
C. Rakesh Gupta
D. None

• The Indian Banks’ Association (IBA) has elected M V Rao, Managing Director and Chief Executive Officer of
the Central Bank of India, as its new Chairman.
Indian Banks’ Association
• Establishment - 26 September 1946
• Chairman - Rajkiran Rai (Previous)
• Current – M V Rao
• HQ - Mumbai

Ques: In a strategic collaboration with the National Payments Corporation of India (NPCI), which bank
introduces ‘Flash Pay?
A. Yes Bank
B. PNB
C. Federal Bank
D. Axis Bank

Ques: Who has been appointed as the Managing Director & Chief Executive Officer (MD & CEO) of the Bank of
Maharashtra?
A. Nidhu Saxena
B. Ridhima Goyal
C. Mahesh Sinha
D. Vivek Rao

• The central government has approved the appointment of Nidhu Saxena as the Managing Director & Chief
Executive Officer (MD & CEO) of the Bank of Maharashtra.
• This appointment will be effective for a period of three years starting from 27 March 2024.
Bank of Maharashtra
• Founded 16 September 1935; 88 years ago
• Headquarters Pune, Maharashtra India

Ques: The Modi government has allocated Rs 6212.03 crore to which banks as part of the recapitalization
scheme?
A. Private Banks
B. Public Banks
C. Co-operative Banks
D. Regional Rural Banks