Banking Awareness Quiz: Set 291

Banking Awareness Quiz

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The Banking Awareness Section of Banking Exams covers various segments in it like Banking Awareness, Static GK, In any case, the most imperative thing that you may have seen is that both the Banking Awareness and Static Awareness questions asked in the Banking Awareness Section depend on Current Banking Affairs as it were.

Here is a test on Banking Awareness to give you a chance to survey your Banking Awareness Knowledge. This post contains important Banking Awareness Quiz. A brief explanation of every Quiz is provided to further enhance your general knowledge. 

Banking Awareness Quiz: Set 291

1. What is the maximum balance allowed in accounts of Payments Bank?

1. Rs 10000
2. Rs 50000
3. Rs 1 lakh
4. Rs 2 lakh
5. Rs 5 lakh

2. Which of the following cannot be issued by Payments Bank?

1. Debit Card
2. QR Code
3. Credit card
4. UPI Id
5. None of these

3. Which of the following activity is restricted for Payments Bank?

1. Opening of Current Account
2. Granting of Loans
3. Opening of Fixed Deposit Account
4. Business Correspondent (BC) of another bank
5. None of these

4. What is the minimum SLR requirement for Payments Bank?

1. 25%
2. 50%
3. 75%
4. 100%
5. 33%

5. What is the minimum paid-up equity capital for payments banks?

1. Rs 100 crore
2. Rs 200 crore
3. Rs 500 crore
4. Rs 1000 crore
5. None of the above

6. The minimum paid up capital in Payments Bank is prescribed to cover which type of risk?

1. Credit Risk
2. Market Risk
3. Operational Risk
4. Reputational Risk
5. None of the above

7. Payments Bank are registered under which Act?

1. Banking Regulation Act, 1949
2. Reserve Bank of India Act, 1934
3. Payment and Settlement Systems Act, 2007
4. Companies Act, 2013
5. None of the above

8. Payments Bank are licensed under which Act?

1. Banking Regulation Act, 1949
2. Reserve Bank of India Act, 1934
3. Payment and Settlement Systems Act, 2007
4. Companies Act, 2013
5. None of the above

9. Which of the following is the first operational Payments Bank in India?

1. India Post Payments Bank
2. Paytm Payments Bank
3. Airtel Payments Bank
4. FINO Payments Bank
5. None of these

10. What is the maximum permitted share of scheduled commercial bank in Payments Bank?

1. 20%
2. 30%
3. 40%
4. 50%
5. 75%

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