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Quiz on Financial Awareness
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Question 1
Consider the following conditions with respect to the application mechanism for 'On Tap' banking license:
1). Allowing individuals with 10 years of experience in banking and finance to apply for a licence successful track record for at least 10 years are eligible to apply for a licence.
2). The initial minimum paid-up voting equity capital required is Rs.500 crore, and thereafter the bank should maintain a minimum net worth of Rs.500 crore at all times.
3). Applications will be screened by the RBI to assess the eligibility of applicants with regard to the criteria laid down in the guidelines.
4). RBI may apply additional criteria to determine the suitability of applications, in addition to the ‘fit and proper’ criteria.
Which of the above-mentioned conditions are correct?
1). Allowing individuals with 10 years of experience in banking and finance to apply for a licence successful track record for at least 10 years are eligible to apply for a licence.
2). The initial minimum paid-up voting equity capital required is Rs.500 crore, and thereafter the bank should maintain a minimum net worth of Rs.500 crore at all times.
3). Applications will be screened by the RBI to assess the eligibility of applicants with regard to the criteria laid down in the guidelines.
4). RBI may apply additional criteria to determine the suitability of applications, in addition to the ‘fit and proper’ criteria.
Which of the above-mentioned conditions are correct?
Question 2
“EazyPay” a mobile-based application for merchants has been launched by which of the following banks?
Question 3
Which of the following is not a tool in the hands of RBI to control the inflationary pressure in the country?
Question 4
What is the age limit of for Jeevan Jyoti Bima Yojana?
Question 5
Under Niti Aayog, the Regional Councils is chaired by ___.
Question 6
What is the minimum amount required to open a Fixed Deposit (FD)?
Question 7
'LTV' is a number that describes the size of a loan compared to the value of the property securing the loan. What is the full form of LTV?
Question 8
The rate of interest on savings bank account is stipulated by
Question 9
Which of the following correctly explains Reverse Merger?
Question 10
What is the maximum limit for a loan under the Tarun scheme of Mudra Bank loan Yojana?
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Jan 23PO, Clerk, SO, Insurance
