Banking Awareness on Guidelines issued by RBI on Banking Outlets

Important Banking Awareness Questions on Banking Outlet for SBI PO, IBPS PO, NIACL, LIC, RBI, RRB PO Clerk, IPPB and other competitive exams. Banking Awareness Banking Outlet Guidelines

1. A ‘Banking Outlet’ as defined by RBI is a fixed point service delivery unit providing service for a minimum of _______ hours per day for at least _____ days a week
   A) five, six
   B) five, five
   C) four, six
   D) four, five
   
   View Answer

   Option D
   Explanation: A ‘Banking Outlet’ for a Domestic Scheduled Commercial Bank (DSCB), a Small Finance Bank (SFB) and a Payment Bank (PB) is a fixed point service delivery unit, manned by either bank’s staff or its Business Correspondent where services of acceptance of deposits, encashment of cheques/ cash withdrawal or lending of money are provided for a minimum of 4 hours per day for at least five days a week.
2. A banking outlet which does not provide delivery of service for a minimum of 4 hours per day and for at least 5 days a week will be considered a __________ .
   A) Non-Operative Banking Outlet
   B) Part-time Banking Outlet
   C) Unofficial Banking Outlet
   D) Off-Line Banking Outlet
   
   View Answer

   Option B
   Explanation: A banking outlet which does not provide delivery of service for a minimum of 4 hours per day and for at least 5 days a week will be considered a ‘Part-time Banking Outlet’.
3. Which of the following comes under Rural Center as per RBI?
   (i) Tier 3 center
   (ii) Tier 4 center
   (iii) Tier 5 center
   (iv) Tier 6 center
   A) Only (ii) and (iii)
   B) Only (i) and (ii)
   C) (ii), (iii) and (iv)
   D) (iii) and (iv)
   
   View Answer

   Option D
   Explanation: Tier 1 comprises metropolitan and urban centres, Tiers 2, 3, and 4 comprise semi-urban centres and Tiers 5 and 6 comprise rural centres.
4. An ‘Unbanked Rural Centre’ (URC) is a rural centre that does not have a _________ .
   A) Automated ATM
   B) Cash Deposit Machines (CDM)
   C) CBS-enabled ‘Banking Outlet’
   D) E- lobbies
   
   View Answer

   Option C
   Explanation: An ‘Unbanked Rural Centre’ (URC) is a rural (Tier 5 and 6) centre that does not have a CBS-enabled ‘Banking Outlet’ of a Scheduled Commercial Bank, a Small Finance Bank, a Payment Bank or a Regional Rural Bank nor a branch of Local Area Bank or licensed Co-operative Bank for carrying out customer based banking transactions.
5. As per The guidelines of RBI, At least ______ of the total number of ‘Banking Outlets’ opened during a financial year should be opened in unbanked rural centres.
   A) 10 percent
   B) 15 percent
   C) 20 percent
   D) 25 percent
   
   View Answer

   Option D
   Explanation: At least 25 percent of the total number of ‘Banking Outlets’ opened during a financial year should be opened in unbanked rural centres
6. What is the time period given by RBI to banks (other than SFB) for opening 25% banking outlets in ‘Unbanked Rural Centre’ (URC)?
   A) 1 year
   B) 2 years
   C) 18 months
   D) 3 years
   
   View Answer

   Option A
   Explanation: 1 year from the date of issue of notification i.e from May 18, 2017.
7. For Small Finance Banks (SFBs) the time period given by RBI for opening 25% banking outlets in ‘Unbanked Rural Centre’ (URC)?
   A) 1 year
   B) 2 years
   C) 18 months
   D) 3 years
   
   View Answer

   Option D
   Explanation: At the end of three years from the date of their commencement of business, all SFBs should have opened in URCs, at least 25 per cent of their total Banking Outlets failing which penal measures including restrictions on further expansion by such banks will be considered and imposed
8. What does L stands for in SLBC with respect to committees of Bank?
   A) Life
   B) Listed
   C) Level
   D) Line
   
   View Answer

   Option C
   Explanation: State Level Banker Committees
9. Tier-1 Center as per RBI is one that has population equal to or more than _____.
   A) 1,00,000
   B) 50,000
   C) 25,000
   D) 1,50,000
   
   View Answer

   Option A
    
10. Metropolitan centre as per RBI is one that has population equal to or more than _____.
    A) 1,00,000
    B) 5,00,000
    C) 2,50,000
    D) 10,00,000
    
    View Answer

    Option D
    Explanation:
    

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