Top 50+ Solved Paying Banker MCQ Questions Answer
Q. The paying banker should pay the cheque when there is restriction imposed on the payment by the drawer or by the law.
a. True
b. False
c. none
d. none
Q. Section 45 of the Negotiable instruments Act, has imposed upon the banker the obligation to honourcustomers cheques.
a. True
b. False
c. none
d. none
Q. How many branches of Payment banks must be in the unbanked rural area?
a. 25%
b. 50%
c. 35%
d. 75%
Q. Which of the following activities cannot be undertaken by a Payments Bank?
a. Accept deposits
b. Payment of Utility Bills
c. Lending Money
d. None of the above
Q. Under what section of the Banking Regulation Act, 1949 the payments banks are licensed?
a. 22
b. 2
c. 19
d. 11
Q. Which is India's first Payment bank?
a. PayTM Payments Bank
b. JIO Payment Banks
c. Airtel Payments Banks
d. Fino Payments Bank