Banking Awareness Based on PAYMENTS BANK IN INDIA | Daily Banking Awareness Quiz

Banking Awareness Based on PAYMENTS BANK IN INDIA | Daily Banking Awareness Quiz

Banking Awareness Quiz for SBI Clerk, SBI PO, RBI, IBPS PO/Clerk/RRB/SO & other Banking & competitive exams 2020-21. Banking Awareness is an important part of any banking and Financial exam. You can Attempt Banking Awareness Quiz.

Q1.What is/are objectives of payment banks?
(a)Providing free loans to BPL people
(b)Financial stability
(c)Financial Inclusion
(d)Housing for all
(e)Interest free credit

Q2.Which statement is Not true for Payment Banks?
(a)Issuance of ATM/debit cards.
(b)They cannot issue credit cards.
(c)They are allowed to give loans.
(d)They cannot accept NRI deposits.
(e)A payments bank account holder would be able to deposit and withdraw money through any ATM or other service providers.

Q3.What is the minimum paid-up capital for setting payments bank?
(a)Rs100crores
(b)Rs200crores
(c)Rs500crores
(d)Rs750crores
(e)rs1000crores

Q4.Payments Bank can accept deposits upto?
(a)Rs25,000
(b)Rs50,000
(c)Rs75,000
(d)Rs1,00,000
(e)Rs,500,000

Q5.On the recommendations of which committee payments bank were established?
(a)Basel Committee
(b)Damodaran Committee
(c)C Rangarajan committee
(d)Raghuram Rajan Committee
(e)Dr. Nachiket Mor Committee

Q6.The Payments Bank will be registered as a public limited company under which Act?
(a)Payment and Settlement Systems Act, 2007
(b)Reserve Bank of India Act, 1934
(c)The Companies Act, 2013
(d)Foreign Exchange Management Act 1999
(e)Banking Regulation Act 1949

Q7.Minimum initial contribution of the promoter to the paid-up equity capital shall at least be How much percent for the first five years from the commencement of its business?
(a)45%
(b)50%
(c)30%
(d)25%
(e)40%

Q8.What is the meaning of Paid up capital?
(a)Difference between a bank’s assets and its liabilities.
(b)Amount of money for which shares of the Company were issued to the shareholders and payment was made by the shareholders.
(c)The ratio of a bank’s capital in relation to its risk-weighted assets and current liabilities
(d)Both(a)&(b)
(e)Both(b)&(c)

Q9.Which is India’s First payment Bank?
(a)Fino Payments Bank
(b)Jio Payments Bank
(c)Paytm Payments Bank
(d)Airtel Payments Bank
(e)India Post Payments Bank

Q10.How much percent FDI is allowed in Payments bank?
(a)70%
(b)48%
(c)66%
(d)54%
(e)None of the above

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