We are presenting you the Payments Banks MCQ for RBI Grade B Finance Section of the exam.These questions will cover the payment banks topic which is very important from exam point of view. Also do read the answers provided at the end of quiz.
Q1. Which among the following activities are not permitted to payments banks?
Q2. What is the maximum amount of loan can be extended by payments banks?
Q3. What is the maximum amount of balance can be maintained an individual in payments bank?
Q4. Which committee mooted the idea of payments banks?
Q5. What is the minimum capital required to set up payments bank?
Q6. 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?
Q7. For first five years how much paid-up equity capital needs to be maintained by promoters in payments bank?
Q8. How many applicants had been granted in-principle approval by RBI to start payments banks?
Q9. How many payments banks have actually started operations since RBI has granted the in-principle approval?
Q10. How much percentage of its funds can be held by payments banks in current and time deposit with Scheduled Commercial Bank?
You may also like to read following MCQs for RBI Grade B exam:
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Punjab Civil Services 2020