IDBI-T1-BOB-LU1

Definition of Banking is found under Sec............... of.......................Act.

• Sec 35 of RBI Act 1934

• Sec 5 (b) of Baking Regulation Act 1949

• Second schedule of the RBI Act

Under the Barter system of settlement of transactions.....................

• Exchange of goods takes place between two persons

• Exchange of goods with money takes place

• Only money is exchanged without goods

One of the following is not a Payment Bank. Identify.

• Google Pay

• Paytm Bank

• Airtel payment Bank

Precursor to the present State Bank of India is...................

• Bank of Bombay

• Bank of Bengal

• Bank of Calcutta

Financial inclusion means...............

• individuals and businesses have access to useful and affordable financ

• Only Business sector can have access to financial needs

• Only individuals can have access to Banking needs

As per announcement by FM in the last Budget for 2022-23 RBI is to issue...............

• Re introduce Rs 1000/- denomination currency notes

• Rs 5000/- denomination currency notes

• Digital Currency

Payment Banks can accept deposits subject to a maximum of Rs................ per customer.

• ₹100,000

• ₹200,000

• ₹300,000

The acronym IRDAI stands for.......................

• Insurance Regulations and Development Authority of India

• Insurance Regulatory and Development Authority of India.

• Insurable reasons and deciding Authority of India

A type of Bank which has to invest 75% of its deposits in SLR securities.

• Payment Bank

• RRB

• Local Area Bank

Identify the type of Bank which can have 50% of its loan exposure in the form of loans and advances upto Rs 25 lakhs

• Local Bank

• Payment Bank

• Small Finance Bank