In 2010, ICICI bank acquired which of the following private sector bank ?
Answer: A
Correct answer: Bank of Rajasthan
ICICI Bank acquired the Bank of Rajasthan in 2010 in a share-swap deal, adding about 460 branches, most of them in Rajasthan, where ICICI’s own presence was thin.
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________ is an interoperable transport card conceived by the Ministry of Urban Development in association with NPCI.
Answer: C
Correct answer: National Common Mobility Card
The National Common Mobility Card - the “One Nation One Card” - was conceived by the Ministry of Urban Development with NPCI. It is an interoperable transport card: the same card pays for the metro in one city, the bus in another, and works as an ordinary RuPay debit card at shops.
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IFS Code is 11 alpha numeric code. What is the fifth character?
Answer: D
Correct answer: 0
IFSC is 11 characters: the first four letters are the bank, the fifth is always the digit 0, kept in reserve for future use, and the last six identify the branch. That is why every IFSC you see - SBIN0000123, HDFC0000456 - has a zero in the fifth place.
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Who among the following is not eligible to issue Rupee denominated bonds overseas?
Answer: D
Correct answer: Both (C) and (B)
Rupee denominated bonds issued overseas - masala bonds - may be issued by companies, by real estate investment trusts and infrastructure investment trusts, and by Indian banks in certain cases. Limited liability partnerships and partnership firms are excluded, so the answer covers both of those options.
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How many digits in BSR(Basic Statistical Returns) code?
Answer: D
Correct answer: None of these
The BSR code is 7 digits: the first three identify the bank and the remaining four the branch. It is used on tax challans so that a payment can be traced to the exact branch that collected it. Since 7 is not among 9, 10 and 11, the answer is “None of these”.
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Which of the following is the Smartphone app built using UPI interface?
Answer: C
Correct answer: BHIM
BHIM - Bharat Interface for Money - is the smartphone app NPCI built on the UPI interface, letting a user pay from any linked bank account using a virtual payment address. IMPS and NFS are underlying systems, not apps.
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Bank and non-bank entities are permitted to issue prepaid gift instruments. The maximum validity of the prepaid gift instruments shall be _______
Answer: A
Correct answer: 3 years
A prepaid gift instrument must remain valid for at least, and may run up to, 3 years. It cannot be reloaded and cash cannot be withdrawn from it.
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The headquarters of Suryoday Small Finance Bank is ___________
Answer: B
Correct answer: Navi Mumbai
Suryoday Small Finance Bank is headquartered at Navi Mumbai, Maharashtra.
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What is the minimum capital a payment bank must hold initially?
Answer: D
Correct answer: 100 crore
The RBI’s guidelines set the minimum paid-up equity capital of a payment bank at ₹100 crore, with the promoter putting in at least 40% of it and a leverage ratio of at least 3% to be maintained. A small finance bank has the same ₹100 crore floor.
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Masala bonds raised above ______ equivalent in INR per financial year must have a minimum maturity of 5 years.
Answer: A
Correct answer: USD 50 million
Above the equivalent of USD 50 million raised in a financial year, a masala bond must have a minimum maturity of 5 years; at or below that figure, 3 years is enough.
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