Banking and Financial Awareness for RBI/IBPS Exams

Q1. MUDRA Bank will be created under which yojana of government? 

a) Pradhan Mantri Mudra Yojana

b) Pradhan Mantri Jan Dhan Yojana

c) Pradhan Mantri Suraksha Bima Yojana

d) All of the above 

Q2. What is the minimum paid-up capital of Small Banks and Payment Banks? 

a) Rs. 100 crore each

b) Rs. 200 crore each

c) Rs. 50 crore each

d) Rs. 150 crore each

Q3. Which of the following banks cannot take deposits from public? 

a) Small Bank 

b) Payment Bank 

c) Both (a) and (b) 

d) None of the above

Q4. Which bank is mainly created for providing remittance / payment services? 

a) MUDRA Bank 

b) Small Bank 

c) Payment Bank 

d) Both (b) and (c)

Q5. Payment Banks can issue which type of Cards? 

a) Credit Cards 

b) Debit Cards

c) Both (a) and (b) 

d. None of the above 

Q6. What is the main purpose to set up Small Banks? 

a) Providing credit to small farmers, small business, unorganized sectors, etc.

b) Providing remittance / payment services 

c) Providing credit to large industries 

d) All of the above 

Q7. Payment banks can accept demand deposits, but initially with a maximum limit. What is that limit? 

a) Rs. 1,00,000 

b) Rs. 50,000 

c) Rs. 75,000 

d) No such limit 

Q8. Choose the correct option regarding headquarters - 

a) EXIM Bank - Mumbai, NABARD - Mumbai, SIDBI - Mumbai 

b) EXIM Bank - New Delhi, NABARD - Mumbai, SIDBI - Mumbai 

c) EXIM Bank - Mumbai, NABARD - Mumbai, SIDBI - Lucknow

d) EXIM Bank - Mumbai, NABARD - Kolkata, SIDBI - Mumbai 

Q9. Which bank is created for the promotion of cross border trade and investment? 

a) NABARD 

b) SIDBI 

c) EXIM Bank

d) None of the above 

Q10. Choose the correct option regarding chairman - 

a) NABARD - Dr. Harsh Kumar Bhanwala

b) EXIM Bank - Mr. Yaduvendra Mathur

c) SIDBI - Dr. Kshatrapati Shivaji

d) All of the above are true 

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