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TOTAL QUESTION: 15
TOTAL TIME= 10 MIN
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Your results are here!! for" Payment Banks and Small Finance Banks "
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Question 1 of 15
1. Question
What type of banking license do Payment Banks operate under?
Correct
Payment Banks operate under a limited banking license.
Incorrect
Payment Banks operate under a limited banking license.
Unattempted
Payment Banks operate under a limited banking license.
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Question 2 of 15
2. Question
According to the provided content, what is the maximum deposit a Payment Bank can accept from an individual?
Correct
The provided content states that Payment Banks can accept deposits up to ₹2,00,000 per individual.
Incorrect
The provided content states that Payment Banks can accept deposits up to ₹2,00,000 per individual.
Unattempted
The provided content states that Payment Banks can accept deposits up to ₹2,00,000 per individual.
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Question 3 of 15
3. Question
Which of the following facilities cannot be provided by Payment Banks?
Correct
Payment Banks cannot provide loans or issue credit cards.
Incorrect
Payment Banks cannot provide loans or issue credit cards.
Unattempted
Payment Banks cannot provide loans or issue credit cards.
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Question 4 of 15
4. Question
Which of the following is a fund transfer facility offered by Payment Banks?
Correct
Payment Banks offer fund transfer services such as NEFT, RTGS, IMPS and UPI.
Incorrect
Payment Banks offer fund transfer services such as NEFT, RTGS, IMPS and UPI.
Unattempted
Payment Banks offer fund transfer services such as NEFT, RTGS, IMPS and UPI.
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Question 5 of 15
5. Question
What is one of the main objectives of Payment Banks?
Correct
Payment Banks aim to promote financial inclusion by reaching unbanked and underserved populations.
Incorrect
Payment Banks aim to promote financial inclusion by reaching unbanked and underserved populations.
Unattempted
Payment Banks aim to promote financial inclusion by reaching unbanked and underserved populations.
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Question 6 of 15
6. Question
Which institution regulates Payment Banks in India?
Correct
Payment Banks are regulated by the Reserve Bank of India.
Incorrect
Payment Banks are regulated by the Reserve Bank of India.
Unattempted
Payment Banks are regulated by the Reserve Bank of India.
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Question 7 of 15
7. Question
Which statement correctly describes Small Finance Banks?
Correct
SFBs can accept deposits and provide credit facilities such as personal, business and agricultural loans.
Incorrect
SFBs can accept deposits and provide credit facilities such as personal, business and agricultural loans.
Unattempted
SFBs can accept deposits and provide credit facilities such as personal, business and agricultural loans.
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Question 8 of 15
8. Question
According to the provided content, what minimum percentage of Adjusted Net Bank Credit of SFBs must go to priority sectors?
Correct
The provided content states that at least 75% of an SFB‘s ANBC must go to priority sectors.
Incorrect
The provided content states that at least 75% of an SFB‘s ANBC must go to priority sectors.
Unattempted
The provided content states that at least 75% of an SFB‘s ANBC must go to priority sectors.
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Question 9 of 15
9. Question
What minimum capital requirement is mentioned for Small Finance Banks in the provided content?
Correct
The provided content mentions a minimum capital requirement of ₹200 crore for SFBs.
Incorrect
The provided content mentions a minimum capital requirement of ₹200 crore for SFBs.
Unattempted
The provided content mentions a minimum capital requirement of ₹200 crore for SFBs.
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Question 10 of 15
10. Question
Which group is primarily targeted by Small Finance Banks?
Correct
SFBs primarily target underserved customers, including small businesses, marginal farmers and rural and semi-urban populations.
Incorrect
SFBs primarily target underserved customers, including small businesses, marginal farmers and rural and semi-urban populations.
Unattempted
SFBs primarily target underserved customers, including small businesses, marginal farmers and rural and semi-urban populations.
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Question 11 of 15
11. Question
What minimum Capital Adequacy Ratio is mentioned for Small Finance Banks in the provided content?
Correct
The provided content states that SFBs are required to maintain a minimum CAR of 15%.
Incorrect
The provided content states that SFBs are required to maintain a minimum CAR of 15%.
Unattempted
The provided content states that SFBs are required to maintain a minimum CAR of 15%.
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Question 12 of 15
12. Question
Under which law are Small Finance Banks regulated according to the provided content?
Correct
The provided content states that SFBs are regulated by RBI under the Banking Regulation Act, 1949.
Incorrect
The provided content states that SFBs are regulated by RBI under the Banking Regulation Act, 1949.
Unattempted
The provided content states that SFBs are regulated by RBI under the Banking Regulation Act, 1949.
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Question 13 of 15
13. Question
What is a key difference between Payment Banks and Small Finance Banks?
Correct
Payment Banks cannot lend, while Small Finance Banks can accept deposits and provide loans.
Incorrect
Payment Banks cannot lend, while Small Finance Banks can accept deposits and provide loans.
Unattempted
Payment Banks cannot lend, while Small Finance Banks can accept deposits and provide loans.
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Question 14 of 15
14. Question
According to the provided comparison, what is a major source of the Payment Bank profit model?
Correct
The provided comparison identifies transaction fees as a major part of the Payment Bank profit model.
Incorrect
The provided comparison identifies transaction fees as a major part of the Payment Bank profit model.
Unattempted
The provided comparison identifies transaction fees as a major part of the Payment Bank profit model.
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Question 15 of 15
15. Question
How do Payment Banks and Small Finance Banks contribute to financial inclusion?
Correct
Both types of banks expand access to banking services, especially for underserved and rural populations, and provide relevant financial solutions.
Incorrect
Both types of banks expand access to banking services, especially for underserved and rural populations, and provide relevant financial solutions.
Unattempted
Both types of banks expand access to banking services, especially for underserved and rural populations, and provide relevant financial solutions.