Topicwise Banking Awareness Quiz – Set 2 – Types of Banks in India

Hello and welcome to exampundit. Today we are sharing Banking Awareness Quiz on Different Types of Banks in India.

 

1. What is the FDI limit in Public Sector Banking?

(a) 25%

(b) 20%

(c) 49%

(d) 40%

(e) 30%

Answer

Option: B

 

2. What is the maximum FDI Limit in Private Sector Banking?

(a) 100%

(b) 75%

(c) 74%

(d) 49%

(e) 51%

Answer

Option: C

 

3. City Union Bank is regarded as one of the old private sector banks. Because the old private sector banks existed prior to the nationalization in _______.

(a) 1969

(b) 1959

(c) 1955

(d) 1962

(e) 1961

Answer

Option: A

 

4. Which of the following is NOT a new private sector bank?

(a) Axis Bank

(b) IndusInd Bank

(c) ICICI Bank

(d) HDFC Bank

(e) Federal Bank

Answer

Option: E

 

5. According to the guidelines of RBI, the minimum paid-up capital for Payments Banks shall be _______.

(a) ₹200 crore

(b) ₹250 crore

(c) ₹500 crore

(d) ₹100 crore

(e) ₹50 crore

Answer

Option: D

 

6. At present how many Regional Rural Banks are there in India?

(a) 54

(b) 56

(c) 55

(d) 50

(e) 62

Answer

Option: B

 

7. The concept of Small Finance Bank was a recommendation in a report of a committee headed by which Indian economist?

(a) Urjit Patel

(b) Raghuram Rajan

(c) C Rangarajan

(d) Bimal Jalan

(e) Arvind Subhramanian

Answer

Option: B

 

8. As per the guidelines, a Foreign Bank can operate in India if they have a minimum of ___________ in minimum 3 branches.

(a) $25 million

(b) $20 million

(c) $10 million

(d) $50 million

(e) $15 million

Answer

Option: A

 

9. The payments banks will be allowed to accept savings deposits primarily from the un-banked and under-banked population up to a maximum of ________ an individual cutomer.

(a) ₹50,000

(b) ₹55,000

(c) ₹25,000

(d) ₹99,000

(e) ₹100,000

Answer

Option: E

 

10. What is the minimum capital requisite for new on-tap license to set up private bank?

(a) ₹200 crore

(b) ₹100 crore

(c) ₹600 crore

(d) ₹500 crore

(e) ₹400 crore

Answer

Option: D

 

11. After a Small Finance Bank reaches ₹500 crore net worth, by what time is it mandatory for the Small Finance Bank to list its shares in Stock Exchange?

(a) 1 year

(b) 2 years

(c) 3 years

(d) 6 months

(e) There is no such rule

Answer

Option: C

 

12. Which of the following is India’s first small finance bank?

(a) Equitas Small Finance Bank

(b) Capital Small Finance Bank

(c) Ujjivan Small Finance Bank

(d) ESAF Small Finance Bank

(e) Utkarsh Small Finance Bank

Answer

Option: B

 

Answers:
  1. b
  2. c
  3. a
  4. e
  5. d
  6. b
  7. b
  8. a
  9. e
  10. d
  11. c
  12. b

Regards

Team ExamPundit