15 - Local Area Banks

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1).
What is the minimum start up capital fixed for Local Area Capital Banks?
2).
Under which act the Local Area banks are registered?
3).
What type of a bank is a Local Area Bank?
4).
With which bank South Gujarat Local Area Bank Ltd was merged in 2004?
5).
Which is the smallest Local Area Bank in India?
6).
Which state Coastal Local Area Bank Ltd belongs to?
7).
Which state Capital Local Area Bank Ltd belongs to?
8).
When was Krishna Bhima Samruddhi Local Area Bank Ltd established?
9).
When were the Local Area Banks were set up first in India?
10).
How many Local Area banks exist at present?
1. What is the minimum start up capital fixed for Local Area Capital Banks?
[A] Rs 1 crore
[B] Rs 2 crore
[C] Rs 5 crore
[D] Rs 10 crore
2. Under which act the Local Area banks are registered?
[A] Banking Regulations Act 1949
[B] Companies Act 1956
[C] RBI Act 1935
[D] None
3. What type of a bank is a Local Area Bank?
[A] Scheduled Banks
[B] Non-scheduled Banks
[C] Un-scheduled Banks
[D] None of the above
4. With which bank South Gujarat Local Area Bank Ltd was merged in 2004?
[A] Punjab National Bank
[B] State Bank of India
[C] Bank of Baroda
[D] Syndicate Bank
5. Which is the smallest Local Area Bank in India?
[A] Subhadra Local Area Bank Ltd
[B] Coastal Local Area Bank Ltd
[C] Capital Local Area Bank Ltd
[D] Krishna Bhima Samruddhi Local Area Bank Ltd
6. Which state Coastal Local Area Bank Ltd belongs to?
[A] Gujarat
[B] Andhra Pradesh
[C] Karnataka
[D] Tamil Nadu
7. Which state Capital Local Area Bank Ltd belongs to?
[A] Maharashtra
[B] New Delhi
[C] Punjab
[D] Rajasthan
8. When was Krishna Bhima Samruddhi Local Area Bank Ltd established?
[A] 2000
[B] 2001
[C] 2002
[D] 2004
9. When were the Local Area Banks were set up first in India?
[A] 1994
[B] 1995
[C] 1996
[D] 1998
10. How many Local Area banks exist at present?
[A] 10
[B] 4
[C] 7
[D] 34
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