Types of Banks (Part - 2): Banking Awareness Quiz

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Types of Banks (Part - 2): Banking Awareness Quiz
Cooperative Banks, MUDRA Bank, Small and Payment Banks, Postal Bank of India, Specialized Banks - EXIM, SIDBI, NABARD, etc
1.  Which of the following Cooperative banks work in district level?
A) Primary Credit Societies
B) Central Cooperative Banks
C) State Cooperative Banks
D) All of these
2.  Cooperative banks are registered with -
A) Reserve Bank of India
B) Union Government
C) Registrar of Cooperative Societies (RCS)
D) None of the above
3. Anonya Cooperative Bank Ltd. (ACBL) is the first Cooperative Bank in India. Where is it located?
A) Bhopal, Madhya Pradesh
B) Kolkata, West Bengal
C) Lucknow, Uttar Pradesh
D) Vadodara, Gujarat
4.  The government is to set up Postal Bank of India in near future. What is the proposed structure of this bank?
A) Small Bank
B) Payments Bank
C) Universal Bank
D) Central Bank
5. MUDRA Bank will regulate and refinance all Micro-Finance Institutions (MFIs) in India. What is the full form of 'MUDRA'?
A) Micro and Universal Development Refinance Agency
B) Micro Units Development and Refinance Agency
C) Micro-finance Units Development and Regulation Agency
D) Micro Units Development and Regulation Agency
6. What amount of corpus is allocated to set up MUDRA Bank?
A) Rs. 20,000 crore
B) Rs. 25,000 crore
C) Rs. 3,000 crore
D) Rs. 3,500 crore
7.  What percentage of Priority Sector Lending (PSL) is being created for Micro Enterprises?
A) 10 %
B) 7.5 %
C) 8.5 %
D) 9.5 %
8.  MUDRA bank will refinance and regulate which institutions?
A) Non-Banking Financial Companies (NBFCs)
B) Commercial Banks
C) Micro Finance Institutions (MFIs)
D) None of the above
9.  What amount is allocated for Credit Guarantee Corpus of MUDRA Bank?
A) Rs. 20,000 crore
B) Rs. 25,000 crore
C) Rs. 3,000 crore
D) Rs. 3,500 crore
10.  MUDRA Bank will be created under which yojana of government?
A) Pradhan Mantri Mudra Yojana
B) Pradhan Mantri Jan Dhan Yojana
C) Pradhan Mantri Suraksha Bima Yojana
D) All of the above
11. What is the minimum paid-up capital of Small Banks and Payment Banks?
A) Rs 100 crore each
B) Rs. 200 crore each
C) Rs. 50 crore each
D) Rs. 150 crore each
12.  Which of the following banks cannot take time deposits from public?
A) Small Bank
B) Payment Bank
C) Both (a) and (b)
D) None of the above
13.  Which bank is mainly created for providing remittance / payment services?
A) MUDRA Bank
B) Small Bank
C) Payment Bank
D) Both (b) and (c)
14.  Payment Banks can issue which type of Cards?
A) Credit Cards
B) Debit Cards
C) Both (a) and (b)
D) None of the above
15.  What is the main purpose to set up Small Banks?
A) Providing credit to small farmers, small business, unorganized sectors, etc.
B) Providing remittance / payment services
C) Providing credit to large industries
D) All of the above
16.  Payment banks can accept demand deposits, but initially with a maximum limit. What is that limit?
A) Rs. 1,00,000
B) Rs. 50,000
C) Rs. 75,000
D) No such limit
17.  Choose the correct option regarding headquarters -
A) EXIM Bank - Mumbai, NABARD - Mumbai, SIDBI - Mumbai
B) EXIM Bank - New Delhi, NABARD - Mumbai, SIDBI - Mumbai
C) EXIM Bank - Mumbai, NABARD - Mumbai, SIDBI - Lucknow
D) EXIM Bank - Mumbai, NABARD - Kolkata, SIDBI - Mumbai
18.  Which bank is created for the promotion of cross border trade and investment?
A) NABARD
B) SIDBI
C) EXIM Bank
D) None of the above
19.  Choose the correct option regarding chairmen -
A) NABARD - Dr. Harsh Kumar Bhanwala
B) EXIM Bank - Mr. Yaduvendra Mathur
C) SIDBI - Dr. Kshatrapati Shivaji
D) All of the above are true
20.  National Housing Bank (NHB), a subsidiary of RBI, regulates and refinances social housing programs in India. Where is the headquarter of NHB?
A) New Delhi
B) Mumbai
C) Bengaluru
D) Chennai
21.  What is the full form of NABARD?
A) National Bank for Agriculture and Rural Development
B) National Bank for Agriculture and Rural Department
C) National Agricultural Bank and Rural Development
D) National Agricultural Bank and Rural Department
22.  NABARD was formed on the recommendation of Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD), set up by RBI. Who chaired the committee?
A) U.K.Patel
B) Bimal Jalan
C) B.Sivaraman
D) Y.V.Reddy
23.  SIDBI provides short term loans and refinance facilities to -
A) Micro, Small and Medium Enterprises (MSMEs)
B) Large Industries
C) Small Farmers
D) None of the above
24.  Primary Credit Societies work in -
A) village level
B) district level
C) state level
D) country level
25.  Banking aspects of Cooperative banks are governed by -
A) Reserve Bank of India
B) Registrar of Cooperative Banks
C) Union Government
D) State Government

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