Banking Awareness Quiz: Set 314

Banking Awareness Quiz

Dear Readers, Welcome to the 2021 Daily Banking Awareness Quiz Question & Answers Section of ExamsCart. Banking Awareness Quiz will Boost Your Banking Awareness Section.

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 314

1. Payment banks follow the guidelines laid by the central bank of India, RBI, on _______.

1. 24th November 2013
2. 24th November 2014
3. 24th November 2015
4. 24th November 2016
5. 24th November 2017

2. Payment bank cannot issue ______ unlike other commercial banks.

1. internet banking
2. upi
3. debit cards
4. credit cards
5. None of these

3. Currently, there are _____ payment banks operating in India which were initially 11.

1. 6
2. 7
3. 8
4. 5
5. 9

4. Features of Payments Banks are ______.

1. will be entitled to issue ATM or debit cards to their customers but cannot issue a credit card.
2. Payments banks cannot provide loans or lending services to customers.
3. Payment banks can provide the Facility of utility bill payments to its customers and the general public.
4. Payments banks will be authorised to open both savings and current accounts of their customers.
5. All of the above

5. As of now, only 6 payment banks are working. Which of the following is not among them?

1. NSDL Payments Bank Limited
2. Jio Payments Bank Limited
3. Airtel Payments Bank Limited
4. Fino Payments Bank Limited
5. Mpesa Payments Bank Limited

6. In India both the Payments Banks and the Commercial Banks work under the Banking Regulation Act, _____

1. 1957
2. 1949
3. 1935
4. 1934
5. 1985

7. Payments bank will be restricted to holding a maximum balance of Rs. _____ per individual customer.

1. 20,000
2. 10,00,000
3. 50,000
4. 1,00,000
5. No Limit

8. The minimum paid-up equity capital for payments banks shall be Rs. _______.

1. 50 crore
2. 250 crore
3. 100 crore
4. 500 crore
5. None of these

9. Payment banks should invest at least _____% of their total demand deposits in government securities (called Statutory Liquidity Ratio) with a maturity period of at least one year.

1. 10
2. 25
3. 75
4. 50
5. None of these

10. Commercial banks have to invest maximum _____% of demand deposits in government securities (called Statutory Liquidity Ratio)

1. 33
2. 7
3. 10
4. 22
5. 15

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