This set contains banking awareness questions for various upcoming exams like SBI PO, IBPS PO, Clerk and insurance exams. This set contains questions from the topic : Payments Bank.
- A Payments Bank is licensed under which Act?
A) Reserve Bank of India Act, 1934
B) Banking Regulation Act, 1949
C) Companies Act, 1956
D) Payment and Settlement Systems Act, 2007
- A payments bank is licensed under ______ of Banking Regulation Act, 1949.
A) Section 6
B) Section 21
C) Section 22
D) Section 32
- What is the maximum balance that any account of payments bank can hold?
A) Rs 2,50,000
B) Rs 1,50,000
C) Rs 1,00,000
D) Rs 50,000
- Identify the false statement.
A) Payments bank cannot accept NRI deposits
B) Payments banks cannot issue credit cards
C) RBI envisage payments banks to be “virtual” banks or branchless banks.
D) A payments bank may choose to become a BC of another bank
- The payments bank will be required to use the words ________ in its name in order to differentiate it from other banks.
B) “Payments Bank”
C) “Payments Branch”
D) “P Banks”
- Payments Bank are required to invest minimum _____ per cent of its “demand deposit balances” in Government securities/Treasury Bills with maturity up to one year.
A) 25 %
B) 50 %
C) 75 %
D) 100 %
- What is the minimum paid-up equity capital of the payments bank?
A) Rs 100 crore
B) Rs 200 crore
C) Rs 500 crore
D) Rs 800 crore
- A payments bank will be recognized as Systematically Importatant when the net worth of the bank reaches _____ .
A) Rs 350 crore
B) Rs 500 crore
C) Rs 550 crore
D) Rs 800 crore
- Any shareholder’s voting rights in Payments bank are capped at 10 per cent. This limit can be raised to ___ %.
- The promoter’s minimum initial contribution to the paid-up equity capital of payments bank shall at least be ____ per cent for the first five years from the commencement of its business.