1) Which of the following will be achieved by Payment banks?
1. Elimination of the black money
2. Greater financial inclusion
3. Cash-less banking
a. 1,2
b. 1,3
c. 2,3
d. All
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Answer
Explanation
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ANSWER: All
Explanation:
No explanation is available for this question!
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2) Which of the following committee recommended establishment of payments banks?
a. P J Nayak Committee
b. C. Rangrajan Committee
c. Nachiket Mor Committee
d. Bimal Jalan Committee
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Answer
Explanation
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ANSWER: Nachiket Mor Committee
Explanation:
No explanation is available for this question!
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3) Which of the following statements is/are correct about payment banks?
1. The minimum capital requirement is Rs 100 crore.
2. Foreign share holding will not be allowed in these banks.
a. Only 1
b. Only 2
c. Both
d. None
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Answer
Explanation
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ANSWER: Only 1
Explanation:
Foreign share holding will be allowed in these banks as per the rules for FDI in private banks in India.
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4) Which of the following entities were granted in-principle approval to be a payment bank by RBI?
1. IDFC
2. Department of Posts
3. Tech Mahindra Ltd
4. Bandhan bank
5. Vodafone m-pesa Ltd
a. 1,2,3,5
b. 2,3,5
c. 2,3,4
d. All
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Answer
Explanation
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ANSWER: 2,3,5
Explanation:
Aditya Birla Nuvo Ltd, Airtel M Commerce Services Ltd, Cholamandalam Distribution Services Ltd, Department of Posts, Fino PayTech Ltd, National Securities Depository Ltd, Reliance Industries Ltd, Dilip Shantilal Shanghvi ,Vijay Shekhar Sharma , Tech Mahindra Ltd ,Vodafone m-pesa Ltd are te 11 entities which were granted in-principle approval to be a payment bank by RBI. Bandhan bank and IDFC received licenses to start full-service banks.
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5) Which of the following statements related to Payment Bank are true?
1. It only receive deposits and provide remittances to migrant laborors.
2. The minimum capital requirement is ?100 crore.
3. For the first five years, the stake of the promoter should be 40% minimum.
4. Foreign share holding will not be allowed in these banks
5. India Post will use its large network to run a payments bank.
a. 1.2.3,5
b. 3,4,5
c. 2,4,5
d. 2,3,4,5
e. All
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Answer
Explanation
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ANSWER: 1.2.3,5
Explanation:
Foreign share holding will allowed in these banks as per the rules for FDI in private banks in India.
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