Important Banking Awareness Quizzes (Topic Wise) for Upcoming IBPS Exams 2017

Important Banking Awareness Quizzes (Topic Wise) for Upcoming IBPS Exams 2017:

Dear Readers, Here we have provided the Important Banking Awareness Quizzes based on particular topic, which will help to understand and prepare in a better way. Candidates those who are preparing for upcoming IBPS Exams 2017 can make use of it.

Tap License and Universal Bank

1. _______ banking system provides a wide variety of financial services including commercial and investment services.

1).A universal bank is a financial service conglomerate combining retail, wholesale and investment banking services under one roof and reaping synergies between them.
Answer: D

2. The Concept of ‘Universal Banking’ was implemented in India on the recommendations of:

2).
Answer: B

3. Which among the following is the first universal bank of India?

3). ICICI is the first Universal Bank in India.
Answer: B

4. Which of the following Banks is not the Universal Bank?

4).
Answer: E

5. Under which Act Universal banks are governed?

5).
Answer: E

6. What does F stands for in NOFHC?

6). NOFHC : Non-Operative Financial Holding Company. Non-Operative Financial Holding Company (NOFHC) means a non-deposit taking NBFC which holds the shares of a banking company and the shares of all other financial services companies in its group, whether regulated by Reserve Bank or by any other financial regulator, to the extent permissible under the applicable regulatory prescriptions.
Answer: B

7. RBI released On tap licensing on Universal Banks in the private sector on 2016. As per these guidelines the validity of the in- principal approval issue for these banks will be _______.

7).
Answer: C

8. The initial minimum paid-up voting equity capital required to get an On tap Universal Bank license is Rs _______.

8). The initial minimum paid-up voting equity capital required is Rs 500 crore.
Answer: B

9. The NBFCs controlled by residents having a successful track record for at least _______ years are eligible to apply for an On tap license.

9).
Answer: D

10. The On tap Universal Banks shall get its shares listed on the stock exchanges within _______ from the date of the commencement of business by the bank.

10).
Answer: E

11. As per RBI guidelines on Universal Banking the promoters and the promoter group shall hold a minimum of _______ of the paid-up voting equity capital of the bank.

11).
Answer: C

12. The promoters and the promoter group’s paid-up voting equity capital on the Universal Bank will be locked in for a period of _______ years from the date of commencement of business of the bank.

12). The promoters and the promoter group shall hold a minimum of 40% of the paid-up voting equity capital of the bank which shall be locked in for a period of five years from the date of commencement of business of the bank.
Answer: D

13. As per RBI guidelines, Universal banks must open atleast _______ of its branches in unbanked rural areas where the population is less than 10000.

13).
Answer: B

14. As per RBI guidelines the Universal Banks should maintain a minimum net worth of Rs _______ at all times.

14). The initial minimum paid-up voting equity capital required is Rs 500 crore and thereafter the bank should maintain a minimum net worth of Rs 500 crore at all times.
Answer: A

15. Large Industrial houses are not eligible to get an on tap license but they are permitted to invest in these banks upto _______.

15).
Answer: B