Explore topic-wise MCQs in Payment Banks and Payment Systems.

How many branches of Payment banks must be in the unbanked rural area?

Which is India s first Payment bank?

Which of these accounts can be opened in a Payment Bank?

Who headed the committee to evaluate the license applications for Payment banks?

Which of these cannot be issued by a Payment bank?

How much percentage of its funds can be held by payments banks in current and time deposit with Scheduled Commercial Bank?

What is the deposit limit on saving accounts in the Payment banks?

How many payments banks have actually started operations since RBI has granted the in-principle approval?

How many Payment banks were approved by RBI in 2015?

Under what section of the Banking Regulation Act, 1949 the payments banks are licensed?

How many applicants had been granted in-principle approval by RBI to start payments banks?

A payments bank will be recognized as Systematically Importatant when the net worth of the bank reaches _____

For first five years how much paid-up equity capital needs to be maintained by promoters in payments bank?

Payments Bank are required to invest minimum _____ per cent of its demand deposit balances in Government securities/Treasury Bills with maturity up to one year.

What is the minimum paid-up equity capital of the payments bank?

The payments bank will be required to use the words ________ in its name in order to differentiate it from other banks.

A payments bank is licensed under ______ of Banking Regulation Act, 1949.

What is the maximum balance that any account of payments bank can hold?

Which of the following activities cannot be undertaken by a Payments Bank?

A Payments Bank is licensed under which Act?

How much percentage of its funds is required to be invested by payments banks in government securities or T-bills with maturity up to 1 year?

Which of these entities surrendered their Payments Bank license?

What is the minimum capital required to set up payments bank?

Which committee mooted the idea of payments banks?

What is the maximum amount of balance can be maintained an individual in payments bank?

Which among the following activities are not permitted to payments banks?

Customers can open a saving account in Payment Bank with deposits up to Rs ___ ?

The Voting Rights in Payment Banks will be regulated by ___ ?

The Voting Right of any shareholder in Payment Banks is capped at __ ?

In Payment Banks, the stake of the promoters for the first fiver years should remain at least __ ?

Which of the following Committee recommended to form a new category of Bank Called Payment Banks ?

Minimum Capital Requirement for Payment Bank is ___ ?

Consider the following statements

1. A payments bank will not be allowed to lend and will invest 75 percent of funds in government securities.
2. Its main focus is to offer remittance services and simple financial products.
3. The minimum capital requirement is set at Rs 100 crore.
4. It will be allowed to accept savings deposits up to Rs 1 lakh a customer.

Which of the above statements is/are correct?

Which of the following statements is/are correct about Payments Bank?

1. The Reserve Bank of India (RBI) recently gave a license to India Post to function as a payments bank.
2. Payment banks allow mobile firms, supermarket chains, and others to cater to individuals and small businesses.

Every Payment Banks are required to invest ___ % of its demand deposit balance into government securities.

Which of the following statements is/are correct about Payment bank?

1. Payment bank will have to keep CRR (Cash reserve ratio) just like other Scheduled commercial banks.
2. The highest balance a bank can hold per customer Rs 50,000.

Headquarter of India Post Payment Bank is ___ ?

Jiyo Payment Bank is Joint Venture Between the Reliance Industries and State Bank of India with Stake of ___ ?

Who among the following appointed as MD and CEO of Paytm Payment Bank ? ( October 2018 )

Which among the following was the first entity to Receive Payment Bank Licence ?

___ % Branches of Payment Bank must be in unbanked rural area ?

Payment Bank can sell financial products like mutual fund units and insurance policies.

Which of the following facility cannot be provided by Payment Banks ?

Which of these payments system is not managed by NPCI?

In 2015, RBI gave in-principle licence to eleven entities to launch payment banks. The licence was valid for __ months ?

The promoter s minimum initial contribution to the paid-up equity capital of payments bank shall at least be ____ per cent for the first five years from the commencement of its business.

Any shareholder s voting rights in Payments bank are capped at 10 per cent. This limit can be raised to ___ %

Which of the following undertakes the Oversight function of the payment and settlement systems in India?

What is the maximum amount of loan can be extended by payments banks?

There are how many core promoter banks of NPCI ?