Current Affairs - Banking

Why Current Affairs Banking?

In this section you can learn and practice Current Affairs Questions based on "Banking" and improve your skills in order to face the interview, competitive examination and various entrance test (CAT, GATE, GRE, MAT, Bank Exam, Railway Exam etc.) with full confidence.

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Where can I get Current Affairs Banking Interview Questions and Answers (objective type, multiple choice)?

Here you can find objective type Current Affairs Banking questions and answers for interview and entrance examination. Multiple choice and true or false type questions are also provided.

How to solve Current Affairs Banking problems?

You can easily solve all kind of Current Affairs questions based on Banking by practicing the objective type exercises given below, also get shortcut methods to solve Current Affairs Banking problems.

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
1. 

This bank partners with Abu Dhabi Global Markets for collaboration on fintech.

A. YES Bank
B. Karur Vysya Bank
C. IndusInd Bank
D. Dhanlaxmi Bank

Answer: Option A

Explanation:

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and Yes Bank have signed a MoU, to further encourage cross-border exchange between the fintech ecosystems of the United Arab Emirates and India. The collaboration will enable fintech innovators from the Middle East region and India to apply into Yes FinTech programmes and the ADGM's Regulatory Laboratory, and will get the opportunity to expand into each other's markets. Yes FinTech is a platform for Yes Bank and fintech startups to co-create innovative solutions and participate in taking the solution to the bank's customers.

2. 

Which bank launches the Union Sahyog app to digitise customer-facing banking services?

A. UCO Bank
B. Union Bank
C. Syndicate Bank
D. IDBI Bank

Answer: Option B

Explanation:

Union Bank of India launched an Android app named, 'Union Sahyog', as a part of its efforts to digitise customer-facing banking services. The Union Sahyog App consists of: all mobile-based banking applications, missed call/SMS-based services, Internet banking login and self-user creation, deposit and loan product information, online account opening, online loan application, online complaints, RTI (Right To Information), branch locator, EMI calculator, social media links and digital banking information.

3. 

This launched the mobile app - Trade Transaction Tracker - to help customers track the status of their trade transactions on a real-time basis.

A. HSBC
B. Deutsche Bank
C. Industrial and Commercial Bank of China
D. Barclays

Answer: Option A

Explanation:

HSBC launch the mobile app - Trade Transaction Tracker - to help customers track the status of their trade transactions on a real-time basis. It will provide a global view of import and export documentary credit and collections transactions, across markets in one single app. This feature has been built into the existing HSBC net mobile application and has been launched in select countries in which HSBC operates, including India.

4. 

Which bank has introduced strict know your customer (KYC) norms?

A. HDFC
B. RBI
C. Axis
D. SBI

Answer: Option B

Explanation:

As per the latest set of guidelines for E-Wallets, Reserve Bank of India (RBI) has introduced strict know your customer (KYC) norms which has evoked mixed response from digital wallet companies. E-Wallet firms have been instructed to ensure KYC compliance of existing users by December 31, 2017.

5. 

Who Launched its First Innovation Centre in India?

A. Visa
B. MasterCard
C. Standard Chartered
D. HDFC Card

Answer: Option B

Explanation:

American financial technology company Mastercard launched its first innovation lab in India in Pune, Maharashtra. In India, Mastercard will collaborate with financial institutions, merchant partners and the technology community to identify and experiment with future technologies in a few key areas including digital payments, data solutions, financial inclusion, alternative payments and safety and security.