# 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%