07 - Major Banking Reforms of 21st century

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1).
What is the current FDI limit in private sector banks without government approval?
2).
When was National Investment and Infrastructure Fund created?
3).
Which of these is a Financial Inclusion scheme that was launched in 2014?
4).
Which of these is a Priority Sector for Lending as specified by the RBI?
5).
Which was the first bank to introduce ATM in India?
6).
What is the current deposit limit of Payment banks?
7).
In which year Reserve Bank of India introduced cheque truncation system?
8).
What is the minimum paid-up equity capital required for small finance banks?
9).
Which was the first public bank to introduce credit cards?
10).
When was the Banking Codes and Standards Board of India (BCSBI) formed?
1. What is the current FDI limit in private sector banks without government approval?
[A] 34%
[B] 25%
[C] 49%
[D] 74%
2. When was National Investment and Infrastructure Fund created?
[A] 2011
[B] 2015
[C] 2012
[D] 2014
3. Which of these is a Financial Inclusion scheme that was launched in 2014?
[A] Pradhan Mantri Sampada Yojna
[B] Bharat Nirman
[C] Pradhan Mantri Jan Dhan Yojana
[D] All of the above
4. Which of these is a Priority Sector for Lending as specified by the RBI?
[A] Agriculture
[B] Education
[C] Housing
[D] All of the above
5. Which was the first bank to introduce ATM in India?
[A] IDBI
[B] UTI
[C] ICICI
[D] HSBC
6. What is the current deposit limit of Payment banks?
[A] Rs 2 lakhs
[B] Rs 1 lakh
[C] Rs 50000
[D] Rs 5 lakhs
7. In which year Reserve Bank of India introduced cheque truncation system?
[A] 2008
[B] 2009
[C] 2010
[D] 2011
8. What is the minimum paid-up equity capital required for small finance banks?
[A] Rs 10 crore
[B] Rs 100 crore
[C] Rs 200 crore
[D] Rs 500 crore
9. Which was the first public bank to introduce credit cards?
[A] ICICI
[B] HDFC
[C] Central Bank of India
[D] SBI
10. When was the Banking Codes and Standards Board of India (BCSBI) formed?
[A] 2005
[B] 2006
[C] 2007
[D] 2008
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