Banking Awareness Quiz – First In India – Set 1

Hello Aspirants,
Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.

  1.  India’s first golf-centric credit card has launched by-_______
    A. SBI
    B. UBI
    C. PNB
    D. RBL
    Answer & Explanation
    D. RBL
    Explanation:
    RBL Bank (formerly Ratnakar Bank) has launched India’s first golf-centric credit card. The card based on the premium MasterCard World platform was launched in association with the Indian Golf Union (IGU).
  2. India’s first contact less mobile payment solution has launched by – _____
    A. ICICI
    B. Kotak Mahindra Bank
    C. Indusind Bank
    D. South Indian Bank
    Answer & Explanation
    A. ICICI
    Explanation:
    The country’s first contact less mobile payment solution to enable its credit and debit customers make in-store contact less payments by just waving their smartphones near an NFC-enabled merchant terminal. The mobile payment solution available in the Bank’s ‘Pockets’ app, provides improved convenience of ‘Touch & Pay’ as customers are no longer required to carry physical card or cash to pay in stores. ICICI Bank is the first financial institution in the country to leverage the Host Card Emulation (HCE) technology to bring forth this solution.
  3. A bank has launched India’s first digital branch in Gurgaon is ______.
    A. ICICI
    B. Axis Bank
    C. Indusind Bank
    D. South Indian Bank
    Answer & Explanation
    C. Indusind Bank
    Explanation:
    Indusind Bank has launched India’s first digital branch at IndusInd Cybercity Rapid Metro station, Gurgaon. This video branch machine allows customers to connect with the remote teller over a real-time video call and perform regular banking transactions like statement printing, cheque deposits, opening of FD account and encashment, funds transfer along with dispensation of cash.
  4. First bank in the country to offer EMI facility for its debit card holders -________.
    A. ICICI
    B. Axis Bank
    C. Indusind Bank
    D. South Indian Bank
    Answer & Explanation
    A. ICICI
    Explanation:
    ICICI Bank, the country’s largest private sector bank launched the EMI (Equated Monthly Instalment) facility on debit cards to enable its customers to convert their high value transactions into easy instalments.
  5. World’s first Bank Agnostic Instant Funds Transfer Platform using Facebook launched by?
    A. ICICI
    B. Kotak Mahindra Bank
    C. Indusind Bank
    D. Central Bank
    Answer & Explanation
    B. Kotak Mahindra Bank
    Explanation:
    Kotak Mahindra Bank launched KayPay – World’s First Bank Agnostic Instant Funds Transfer Platform using Facebook. Millions of bank account holders can transfer money to each other at any hour of the day or night, without needing net banking, or knowing various bank account related details of the payee.
  6. India’s first transparent credit card in association with American express launched by_______.
    A. ICICI
    B. Axis Bank
    C. Indusind Bank
    D. Canara Bank
    Answer & Explanation
    A. ICICI
    Explanation:
    ICICI Bank has launched India’s first credit card with a transparent design.The card, part of ICICI Bank’s ‘Gemstone Collection’, has been launched in association with American Express.
  7. Name the India’s first digital village launched by ICICI Bank.
    A. Akodara
    B. Bakrana
    C. Salangpur
    D. Rojid
    Answer & Explanation
    A. Akodara
    Explanation:
    Under Digital India programme, top lender ICICI Bank has launched its own ‘digital village’ project while adopting an entire village, Akodara in Gujarat to provide services ranging from cashless banking to digitised school teaching.
  8. _________ in partnership with Visa launched India’s first co-branded e-commerce credit card.
    A. Flipkart and ICICI
    B. Snapdeal and ICICI
    C. Flipkart and HDFC
    D. Snapdeal and HDFC
    Answer & Explanation
    D. Snapdeal and HDFC
    Explanation:
    Snapdeal and HDFC Bank in partnership with Visa launched the India’s first co-branded e-commerce credit card.
  9. _________ is the first bank to launch the Mudra Card based on the RuPay platform.
    A. SBI
    B. Corporation Bank
    C. Vijaya Bank
    D. PNB
    Answer & Explanation
    B. Corporation Bank
    Explanation:
    Corporation Bank is the first bank to launch the Mudra Card based on the RuPay platform under the Pradhan Mantri MUDRA Yojana (PMMY)
  10. ________ has become the first bank in India to launch Watch Banking for Apple Watch?
    A. ICICI
    B. Axis Bank
    C. Indusind Bank
    D. HDFC Bank
    Answer & Explanation
    D. HDFC Bank
    Explanation:
    HDFC Bank has become the first bank in India to launch Watch Banking for Apple Watch.It aims to provide banking services through all wearable devices across platforms like iOS and Android.
  11. India’s First ATM serivce was introduced by______.
    A. SBI
    B. ICICI Bank
    C. Axis Bank
    D. HSBC
    Answer & Explanation
    D. HSBC
    Explanation:
    The Hongkong and Shanghai Banking Corporation(HSBC) was the first bank to introduce the ATM concept in India in 1987.
  12.  First bank in India was – 
    A. Bank of Hindustan
    B. Imperial Bank of India
    C. General Bank of India
    D. New Bank of India
    Answer & Explanation
    A. Bank of Hindustan
    Explanation:
    Bank of Hindustan, the first bank in India was established in 1770.
  13. Which of the following banks became the first Indian bank to open a branch outside India?
    A. SBI
    B. ICICI Bank
    C. Axis Bank
    D. BOI
    Answer & Explanation
    D. BOI
    Explanation:
    In 1946, Bank of India(BOI) became the first Indian bank to open a branch outside India in London.
  14. Which of the following banks in India became the first bank to open branch in China?
    A. SBI
    B. ICICI Bank
    C. Axis Bank
    D. BOI
    Answer & Explanation
    A. SBI
    Explanation:
    State Bank of India has become the first Indian bank to start commercial operations in China.
  15. First Indian Bank got ISO certification is ________
    A. SBI
    B. ICICI Bank
    C. Canara Bank
    D. BOI
    Answer & Explanation
    C. Canara Bank
    Explanation:
    Canara Bank became the first Indian Bank to get ISO certification for “Total Branch Banking” for its Seshadripuram branch in Bangalore.
  16. First Indian bank to provide Internet Banking facility is ________
    A. SBI
    B. ICICI Bank
    C. Canara Bank
    D. BOI
    Answer & Explanation
    B. ICICI Bank
    Explanation:
    First Indian bank to Introduce internet banking – ICICI bank.
  17. First Indian bank which introduced Mutual Funds is ________
    A. SBI
    B. ICICI Bank
    C. Canara Bank
    D. BOI
    Answer & Explanation
    A. SBI
    Explanation:
    State Bank of India – First Indian bank to introduce Mutual Funds.
  18. India’s first bank to introduce Display variant Debit Card ___________
    A. SBI
    B. ICICI Bank
    C. Axis Bank
    D. BOI
    Answer & Explanation
    C. Axis Bank
    Explanation:
    Axis Bank launches country’s first ‘display variant’ debit card.
  19. First Regional Rural Bank(RRB) in India is ________
    A. Pandyan Bank
    B. Prathama Bank
    C. Pallavan Bank
    D. Baitarani Bank
    Answer & Explanation
    B. Prathama Bank
    Explanation:
    Prathama Bank is the first Regional Rural Bank of India, sponsored by Syndicate Bank established on 2nd October, 1975, with its Head Office at Moradabad.
  20. India’s first co-operative Bank is _______
    A. Anonya Co-operative Bank
    B. Cosmos Co-operative Bank
    C. Janalaxmi Co-operative Bank
    D. karad Urban Co-operative Bank
    Answer & Explanation
    A. Anonya Co-operative Bank
    Explanation:
    Anyonya Co-operative Bank Limited (ACBL) located in the city of Vadodara (formerly Baroda) in Gujarat, is the first co-operative bank in India.

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