Top 80+ Solved Trends and Cases in Finance MCQ Questions Answer

From 46 to 60 of 89

Q. Small Finance Banks and Payments Bank are a type of?

a. Shadow Bank

b. Universal Bank

c. Differentiated Bank

d. Delivery Bank

  • c. Differentiated Bank

Q. The decision to issue an in-principle approval for setting up of a Small Financebank will be taken by _____

a. Finance Ministry

b. CBDT

c. RBI

d. SEBI in consultation with RBI

  • c. RBI

Q. Identify the true statement about Small Finance Bank(SFB).

a. SFBs are not required to maintain CRR

b. SFBs cannot carry out lending activity

c. SFBs will be covered by the Banking Ombudsman (BO) Scheme.

d. SFBs can carry out all para-banking activity.

  • c. SFBs will be covered by the Banking Ombudsman (BO) Scheme.

Q. What is the minimum capital required to set up payments bank?

a. Rs 100 crore

b. Rs 75 crore

c. Rs 50 crore

d. Rs 25 crore

  • a. Rs 100 crore

Q. What is the deposit limit on saving accounts in the Payment banks?

a. 1 lakh

b. 2 lakh

c. 5 lakh

d. 10 lakh

  • b. 2 lakh

Q. Which of these cannot be issued by payment bank?

a. Debit card

b. ATM card

c. Credit Card

d. All of the above

  • c. Credit Card

Q. Which of these accounts can be opened in payment bank?

a. Savings Account

b. Current Account

c. Both A & B

d. None of the above

  • c. Both A & B

Q. Who headed the committee to evaluate the license applications for PaymentBanks?

a. C Rangarajan

b. Usha Throat

c. Nachiket Mor

d. B. S Mehta

  • c. Nachiket Mor

Q. Which is India’s First payment bank?

a. Airtel payments Bank

b. Fino Payments bank

c. Jio Payments bank

d. Pay Tm Payments bank

  • a. Airtel payments Bank
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