Hello and welcome to exampundit. As a part of our Topicwise Banking Awareness Quiz series, today we are sharing Important Questions related to Small Finance Banks for upcoming IBPS Clerk Mains, Syndicate Bank & Canara Bank PGDBF 2018 as well as the most awaited SBI PO 2018.
The following set consists all the important questions related to Small Finance Banks(eg. Headquarters, Limits, Capital Funds etc.).
- The small finance bank shall primarily undertake basic banking activities of acceptance of deposits and lending to _________________.
(1) small business units
(2) small and marginal farmers
(3) micro and small industries
(4) unorganised sector entities
(5) All of the above
- What should be the promoter’s minimum initial contribution to the paid-up equity capital of small finance bank?
(1) 75%
(2) 40%
(3) 50%
(4) 49%
(5) 100%
- The small finance banks requires to lend what per cent of its Adjusted Net Bank Credit (ANBC) to the sectors eligible for classification as priority sector lending (PSL) by the Reserve Bank?
(1) 20%
(2) 100%
(3) 75%
(4) 50%
(5) 49%
- Right after the inception, for how many years, 25 per cent of branches of the small finance banks are required to be in unbanked rural areas?
(1) 2 years
(2) 3 years
(3) 5 years
(4) 4 years
(5) 7 years
- The maximum loan size and investment limit for a small finance bank to a group borrower is restricted to what percent of the capital fund?
(1) 50%
(2) 10%
(3) 20%
(4) 15%
(5) 25%
- Reserve Bank of India states, that if a promoter setting up a small finance bank desires to set up a Payments Bank, it should set up both types of banks under a NOFHC structure. What does C stands for?
(1) Company
(2) Council
(3) Correspondent
(4) Corporation
(5) Capital
- Which of the following statement(s) is/are true about Small Finance Banks?
(I) The small finance banks will come under the purview of RBI’s Banking Ombudsman Scheme, 2006.
(II) The small finance bank cannot be a Business Correspondent (BC) for another bank.
(III) The Board of the small finance bank should have a majority of independent Directors.
(1) Only I
(2) Both I and III
(3) Both II and III
(4) Both I and II
(5) All of them
- Which of the following is the first Small Finance Bank of the country?
(1) AU Small Finance Bank
(2) Capital Small Finance Bank
(3) Equitas Small Finance Bank
(4) ESAF Small Finance Bank
(5) Ujjivan Small Finance Bank
- AU Small finance bank is headquartered in _________.
(1) Jaipur
(2) Bengaluru
(3) Pune
(4) Ludhiana
(5) Ahmedabad
- Under which section of the Banking Regulation Act, 1949, small finance banks are licensed?
(1) Section 21
(2) Section 23
(3) Section 22
(4) Section 24
(5) Section 20
- Utkarsh Small Finance Bank is headquartered at ____________.
(1) Chennai
(2) Mumbai
(3) Jalandhar
(4) Varanasi
(5) Bengaluru
- Capital Small Finance Bank is headquartered at ________.
(1) Bengaluru
(2) Jalandhar
(3) Varanasi
(4) Jaipur
(5) Pune
- North East Small Finance Bank Limited, north-east India’s first small finance bank is headquartered at _____________.
(1) Guwahati
(2) Agartala
(3) Shillong
(4) Imphal
(5) Aizwal
- What is the minimum paid-up equity capital for small finance banks?
(1) ₹500 crore
(2) ₹200 crore
(3) ₹100 crore
(4) ₹50 crore
(5) ₹300 crore
- Fincare Small Finance Bank is headquartered at ________.
(1) Jaipur
(2) Pune
(3) Mumbai
(4) Ahmedabad
(5) Lucknow
- Janalakshmi Small Finance Bank is headquartered at __________.
(1) Bengaluru
(2) Chennai
(3) Mumbai
(4) Surat
(5) Kolkata
- Ujjivan Small Finance Bank is headquartered at ________.
(1) Chennai
(2) Bengaluru
(3) New Delhi
(4) Gurugram
(5) Kochi
- A Small Finance Bank is required to maintain a minimum capital adequacy ratio of what percent of its risk weighted assets (RWA) on a continuous basis?
(1) 10%
(2) 7.5%
(3) 15%
(4) 12%
(5) 9%
- What is the maximum FDI limit in Small Finance Bank?
(1) 100%
(2) 49%
(3) 51%
(4) 74%
(5) 99%
- The maximum loan size and investment limit for a small finance bank to a single borrower is restricted to what percent of the capital fund?
(1) 10%
(2) 1%
(3) 15%
(4) 2%
(5) 5%
- For a small finance bank, at least 50% of its loan portfolio should consist loans and advances up to what amount?
(1) ₹10 lakhs
(2) ₹15 lakhs
(3) ₹25 lakhs
(4) ₹20 lakhs
(5) ₹30 lakhs
- Which of the following committee recommended the creation of Small Finance Banks in India?
(1) Arvind Subhramaniam Committee
(2) Nachiket Mor Committee
(3) Raghuram Rajan Committee
(4) Bimal Jalan Committee
(5) Usha Thorat Committee
- Who among the following chaired the External Advisory Committee (EAC) to evaluate applications received for small finance banks?
(1) Bimal Jalan
(2) Nachiket Mor
(3) Arvind Panagariya
(4) Usha Thorat
(5) Amitabh Kant
- Anyone apart from the promoters of a Small Finance Bank cannot have a shareholding more than _____ of the paid-up capital.
(1) 10%
(2) 25%
(3) 26%
(4) 39%
(5) 15%
- ESAF Small finance Bank is headquartered at _____________.
(1) Chennai
(2) Bengaluru
(3) New Delhi
(4) Gurugram
(5) Kochi
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