A bank which has introduced software Robotics to power banking operations is -
Answer: C
Correct answer: ICICI Bank
ICICI Bank was the first Indian bank to deploy software robotics - software “robots” that carry out repetitive back-office steps such as data entry, validation and reconciliation - across its banking operations, cutting the response time on routine transactions sharply.
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Payment banks cannot issue financial products such as mutual funds and insurance but they can issue loans to their customers. Is it True or False?
Answer: B
Correct answer: False
The statement is false, and on both counts. A payment bank cannot lend at all - no loans, no credit cards - and it may distribute simple financial products such as mutual funds and insurance as a third-party agent, earning fee income. The sentence has the two permissions exactly the wrong way round.
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The headquarters of Au Small Finance Bank Limited is ______________.
Answer: D
Correct answer: Jaipur
AU Small Finance Bank is headquartered at Jaipur, Rajasthan. It began as AU Financiers, a vehicle finance NBFC, and is the largest of the small finance banks.
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What is the default time to approve a collect request by a payer in UPI?
Answer: C
Correct answer: 30 min
A collect request - where the payee asks the payer for money - stays open for the payer to approve for 30 minutes by default, after which it expires. The window is deliberately short, because an unanswered request left standing is an invitation to a fraudulent collect.
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Kodungallur based Lord Krishna Bank was merged with _________________________
Answer: A
Correct answer: Centurion Bank of Punjab
The Kodungallur-based Lord Krishna Bank was merged into Centurion Bank of Punjab in 2007. A year later Centurion Bank of Punjab itself merged into HDFC Bank, so Lord Krishna Bank’s branches ended up with HDFC by that route.
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India’s first bank to introduce Display variant Debit Card ______
Answer: C
Correct answer: Axis Bank
Axis Bank introduced India’s first debit card with a display - a small screen built into the card that shows a one-time password generated by the card itself, so the customer does not have to wait for an SMS to complete an online transaction.
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The oldest public bank in India is ________
Answer: B
State Bank of India , Bank of Calcutta was founded on 2 June 1806. Bank of Calcutta, and the two other Presidency banks such as the Bank of Bombay and the Bank of Madras had merged and became Imperial Bank of India n 1921.The Imperial Bank of India is renamed as State Bank of India in 1955.
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The headquarters of Equitas Small Finance Bank is ______
Answer: B
Correct answer: Chennai
Equitas Small Finance Bank is headquartered at Chennai, Tamil Nadu, and converted from Equitas Holdings’ microfinance business.
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The headquarters of Janalakshmi small finance bank is ______
Answer: D
Correct answer: Bengaluru
Janalakshmi Small Finance Bank - since renamed Jana Small Finance Bank - is headquartered at Bengaluru, Karnataka.
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____________ became India’s first all woman bank
Answer: C
Correct answer: Bharatiya Mahila Bank
Bharatiya Mahila Bank, opened in November 2013 at Mumbai, was India’s first bank set up to serve women: it lent principally to women and to women-run businesses, though it accepted deposits from anyone. It was merged into State Bank of India in 2017.
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