07 - Major Banking Reforms of 21st century

Banking Awareness Multiple Choice Questions (MCQs) and Answers with explanation on Major Banking Reforms of 21st century for IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Bank

1. What is the current FDI limit in private sector banks without government approval?

[A] 34%
[B] 25%
[C] 49%
[D] 74%

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2. When was National Investment and Infrastructure Fund created?

[A] 2011
[B] 2015
[C] 2012
[D] 2014

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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

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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

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5. Which was the first bank to introduce ATM in India?

[A] IDBI
[B] UTI
[C] ICICI
[D] HSBC

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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

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7. In which year Reserve Bank of India introduced cheque truncation system?

[A] 2008
[B] 2009
[C] 2010
[D] 2011

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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

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9. Which was the first public bank to introduce credit cards?

[A] ICICI
[B] HDFC
[C] Central Bank of India
[D] SBI

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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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