Financial Awareness Quiz for IBPS Clerks VII

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1. Committee on Comprehensive Financial Services for Small Businesses and Low Income Households, headed by __________  on 23rd September 2013 suggested to setup payment banks.
   1. S.S. Mundra
   2. Raghuram Rajan
   3. Nachiket Mor
   4. M.B. Sha
   5. B.N. Krishna

• External Advisory Committee (EAC) headed by whom, evaluated the license applications to get license to start payment banks?
• 1. Viral Acharya
  2. N.Viswanathan
  3. R. Gandhi
  4. Usha Thorat
  5. Nachiket Mor
• On 27 November 2014, RBI announced the guidelines for setting up of __________ 
• 1. Private banks and Small industrial development banks
  2. Local Area banks having MFI background
     
  3. Regional and Local Area banks for Common Man
  4. Foreign banks with the FDI of 100%
  5. Payment banks and Small Finance banks
• RBI asked interested parties to apply for Small banks and Payment banks by __________ 
• 1. Jan 1 , 2015
  2. Apr 1, 2015
  3. Jan 16, 2015
  4. Mar 16, 2015
  5. None
• The RBI gave in principle consent to establish 11 payment banks on 19 August 2015. Which among the following does not have that license to start payment bank ?
• 1. Tech Mahindra
  2. Adfiya Birla Nuvo
  3. Airtel M Commerce Services
  4. Department of Posts
  5. All of the above got license 
• The aim of RBI to permit the Payment banks is   __________ 
• 1. to boost Financial inclusion
  2. to allow the payments /remittance services to migrant labour workforce
  3. to help the low house holds :
  4. to help the small entities to do banking business
  5. All of above
• The license of Payment banks can be given to   __________ 
• 1. Existing non-bank Pre-paid Payment Instrument (PPI) issuers :
  2. Non-Banking Finance Companies (NBFCs)
  3. Corporate Business Correspondents (BCA)
  4. Super-market chains
  5. All of the above
• The equity capital of Payment banks is  __________ 
• 1. Rs.10 crores
  2. Rs.700 crores
  3. Rs.1000 crores 
  4. Rs. 500 crores
  5. Rs. 100 crores
• Payment banks not allowed to __________ 
• 1. issue credit card
  2. issue debit card
  3. issue cheque book
  4. start ATMs
  5. provide accounts to women
• As per the guidelines issued on 6 October 2016 by RBI, Payment Banks will not be permitted to lend to any person including their directors. However, they may lend to __________   out of the bank's own funds, as per a Board approved policy outlining the caps on such loans.
• 1. their own employees
  2. local business men
  3. income tax payees
  4. small transport companies
  5. share market brokers
• Promoter's minimum initial contribution to the paid-up equity capital of payments bank shall at least be __________    for the first five years
• 1. 40%
  2. 26%
  3. 15%
  4. 25%
  5. 49%
• Payments banks can give savings accounts to customers But in the single customer account, the maximum balance allowed not more than __________   
• 1. Rs.1 Lakh
  2. Rs.75,000
  3. Rs.2 Lakh
  4. Rs.5 Lakh
  5. customer of bank can maintain any balance 
• The Foreign shareholding in the payments bank allowed up to __________   
• 1. 10%
  2. 35%
  3. 49% 
  4. 74%
  5. as per the FDI policy for private sector banks as amended from time to time
• As per the operating guidelines issued for payment banks on 6 October 2016, Minimum Capital Requirement fixed at __________   
• 1. 15%
  2. 11.5%
  3. 6%
  4. 7.5%
  5. 8.2% 
• Tier 1 common capital ratio is a measurement of a bank's core equity capital com-pared with its total risk-weighted assets that signifies a bank's financial strength. As per operating guidelines, for Small Finance Banks, the Common Equity Tier 1 is __________ 
• 1. 7%
  2. 8.5% 
  3. 10.0%
  4. 9.8%
  5. 6% 
• On 12 April 2016, which telecom service provider got permission to establish a payment bank ?
• 1. IDEA
  2. Vadat one
  3. Airtel
  4. Aircel
  5. BSNL
• On 11 April 2016, Airtel Payments bank limited constituted. Where is its headquarters ?
• 1. Mumbai
  2. Pune
  3. Kolkata
  4. Nagpur
  5. Delhi
• Which payment bank giving highest rate of interest of 7.25% by 31 July 2017 ?
• 1. Cholamandalam
  2. NSD
  3. Airtel
  4. Sun Pharma
  5. Finotech
• Airtel launched its first payment bank in __________  to run in 10,000 Airtel retail outlets on pilot basis.
• 1. Rajasthan
  2. AP
  3. Tamilnadu
  4. Madhya Pradesh
  5. Bihar
• Which payment bank declared to have Rs.3,000 crore capital ?
• 1. Cholamandalam
  2. NSD
  3. Airtel
  4. Sun Pharma
  5. Finotech

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