47 - Payment Systems
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
[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
[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
[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
[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
[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
[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%
[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%
[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
[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%
[B] 40%
[C] 50%
[D] 75%