Trivia On Banking: MCQ Quiz! Test

KCC stands for Kisan Credit Card. The Kisan Credit Card is a government initiative in India that provides farmers with access to affordable credit for their agricultural needs. It aims to support farmers in meeting their short-term credit requirements for crop production, post-harvest expenses, and other agricultural activities. The Kisan Credit Card scheme also offers flexibility in repayment, with farmers having the option to repay the loan after the harvest. This initiative plays a crucial role in improving the financial inclusion of farmers and promoting agricultural development in the country.

Vijay Mallya owes 9000 crore from the bank. This implies that he has borrowed a significant amount of money, specifically 9000 crore, which he has not yet repaid.

Kotak Mahindra Bank acquired ING Vysya Bank, which was headquartered in Bengaluru.

DBS Bank is declared as a complete paperless bank because it has implemented various digital initiatives to provide seamless banking services without the need for physical paperwork. It offers digital account opening, digital KYC verification, and digital loan applications, among other services. DBS Bank has also introduced digital payment options and digital banking platforms to enable customers to conduct transactions and manage their accounts online. By eliminating the need for paper-based processes, DBS Bank aims to enhance efficiency, convenience, and sustainability in banking operations.

C D Dekhmukh was the first Indian Governor of RBI. He served as the Governor from 1943 to 1949. Dekhmukh played a crucial role in shaping the monetary and fiscal policies of India during a critical period, including the challenging years of World War II and the post-independence era. He was known for his expertise in economics and his efforts to stabilize the Indian economy. Under his leadership, the RBI implemented several important measures to strengthen the banking system and promote economic growth.

The correct answer is Bharat Financial Inclusion Limited. This is the new name of SKS Microfinance. It is important for companies to rebrand themselves in order to reflect their evolving business strategies and goals. In this case, SKS Microfinance changed its name to Bharat Financial Inclusion Limited to better align with its mission of promoting financial inclusion and serving the underserved population in India.

The correct answer is Bandhan Bank Ltd. Bandhan Bank is a private sector bank in India that was established in 2014. It is headquartered in Kolkata, West Bengal. The bank was initially a microfinance institution and later received a banking license from the Reserve Bank of India. Bandhan Bank focuses on serving the unbanked and underbanked segments of the population and has rapidly expanded its network across the country. The reference to "blue-painted" West Bengal suggests that the bank is associated with the state of West Bengal, where it originated.

HSBC launched the first ATM in India in 1987.

RBL Bank launches India Startup Club, which is a unique offering for the entrepreneurial community. This implies that RBL Bank has introduced a program or initiative specifically designed to support and cater to the needs of startups in India. This could include providing financial assistance, mentorship, networking opportunities, and other resources that would help startups thrive and grow.

Aditya Puri, the CEO of HDFC Bank, has been named as the best Banking CEO in Asia. This recognition is likely due to his exceptional leadership skills and the successful performance of HDFC Bank under his guidance. Puri's strategic decisions and management style have contributed to the bank's growth and profitability, making it one of the top banks in Asia. His achievements and contributions to the banking industry have earned him this prestigious title.

HDFC Bank launched 'Dhanchayat', an educational film, to raise awareness about the risks associated with borrowing money from unorganized sources. This initiative aims to educate individuals about the potential dangers of dealing with informal lenders and encourages them to opt for safer and regulated financial institutions like HDFC Bank. By promoting financial literacy and responsible borrowing, HDFC Bank aims to protect individuals from falling into debt traps and empower them to make informed financial decisions.

NBFC stands for Non Banking Financial Company. This term refers to a financial institution that offers banking services like loans, credit facilities, investment advice, and other financial products, but does not hold a banking license. NBFCs play a crucial role in providing financial services to individuals and businesses that may not have access to traditional banking services. These companies are regulated by the Reserve Bank of India (RBI) and must comply with certain guidelines to ensure the safety of customer deposits and maintain financial stability.

The agriculture sector contributes 40% share in priority sector lending. This means that out of the total lending done by banks in the priority sector, 40% of it is allocated to the agriculture sector. This highlights the importance given to agriculture in terms of financial support and investment, recognizing its significance in the overall economy.

ICICI Bank Ltd is an Indian multinational banking and financial services company. The full form of ICICI is Industrial Credit and Investment Corporation of India. It was originally established in 1955 as a joint initiative of the World Bank, the Government of India, and Indian industrialists. The bank provides a wide range of banking products and services to its customers, including retail banking, corporate banking, and treasury operations. With its headquarters in Mumbai, ICICI Bank is one of the largest banks in India and has a significant presence in the global banking industry.