47 - Payment Systems

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1).
What is e-payment?
2).
Which among the following activities are not permitted to payments banks?
3).
What is the maximum amount of loan can be extended by payments banks?
4).
What is the maximum amount of balance can be maintained an individual in payments bank?
5).
Which committee mooted the idea of payments banks?
6).
What is the minimum capital required to set up payments bank?
7).
How much percentage of its funds is required to be invested by payments banks in government securities or T-bills with maturity up to 1 year?
8).
For first five years how much paid-up equity capital needs to be maintained by promoters in payments bank?
9).
How many payments banks have actually started operations since RBI has granted the in-principle approval?
10).
How much percentage of its funds can be held by payments banks in current and time deposit with Scheduled Commercial Bank?
1. What is e-payment?
[A] Electronic payment for buying and selling through the Internet
[B] Payment of online software
[C] Payment of online services
[D] None of the above
2. Which among the following activities are not permitted to payments banks?
[A] Remittance services
[B] Issuing ATM cards
[C] Issuing credit cards
[D] Accepting demand deposits
3. What is the maximum amount of loan can be extended by payments banks?
[A] 25000
[B] 50000
[C] 100000
[D] No lending power
4. What is the maximum amount of balance can be maintained an individual in payments bank?
[A] 1,50,000
[B] 1,00,000
[C] 50,000
[D] 25,000
5. Which committee mooted the idea of payments banks?
[A] Bimal Jalan Committee
[B] Nachiket Mor Committee
[C] P J Nayak Committee
[D] YV Reddy Committee
6. What is the minimum capital required to set up payments bank?
[A] Rs 100 crore
[B] Rs 75 crore
[C] Rs 50 crore
[D] Rs 25 crore
7. How much percentage of its funds is required to be invested by payments banks in government securities or T-bills with maturity up to 1 year?
[A] 25%
[B] 40%
[C] 50%
[D] 75%
8. For first five years how much paid-up equity capital needs to be maintained by promoters in payments bank?
[A] 20%
[B] 30%
[C] 40%
[D] 60%
9. How many payments banks have actually started operations since RBI has granted the in-principle approval?
[A] 3
[B] 5
[C] 9
[D] 6
10. How much percentage of its funds can be held by payments banks in current and time deposit with Scheduled Commercial Bank?
[A] 25%
[B] 40%
[C] 50%
[D] 75%
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