17 - Small Finance Banks

Banking Awareness Multiple Choice Questions (MCQs) and Answers with explanation on Small Finance Banks 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 minimum paid-up capital requirements for Small Finance Banks?

[A] Rs 100 crore
[B] Rs 200 crore
[C] Rs 50 crore
[D] Rs 10 crore

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2. Which of the following operations are undertaken by Small Finance Banks?

[A] Accepting Deposits
[B] Disbursing small loans
[C] Sell Insurance Products
[D] All of the above

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3. How much credit small finance banks has to give to priority sectors?

[A] 50%
[B] 75%
[C] 40%
[D] 80%

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4. Who is eligiblen to be a promoter of Small Finance Banks?

[A] Individuals
[B] Trusts
[C] Corporates
[D] All of the above

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5. What can be the minimum initial contribution to the paid-up equity capital of small finance banks?

[A] 25%
[B] 40%
[C] 75%
[D] 50%

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6. Who was the chairman of the committee formed by RBI to evaluate applications received for small finance banks in 2015?

[A] Nachiket Mor
[B] Raghuram Ram Rajan
[C] Urjit Patel
[D] Usha Thorat

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7. How many entities were granted provisional license by RBI to convert into Small Finance Bank in 2015?

[A] 8
[B] 10
[C] 12
[D] 25

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8. Where is the headquarters of AU Small Finance Bank?

[A] Jaipur
[B] Mumbai
[C] Chennai
[D] New Delhi

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9. Where is the headquarters of North-East Small Finance Bank located in India?

[A] Dispur
[B] Gangtok
[C] Guwahati
[D] Patna

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10. Which was the first small finance bank in India?

[A] Capital Small Finance Bank Limited
[B] Jana Small Finance Bank
[C] Ujjivan Financial Services Pvt Ltd
[D] AU Small Finance Bank

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