Important Codes and Numbers Questions and Answers

Answer: C

Correct answer: Jaipur

AU Small Finance Bank is headquartered at Jaipur, Rajasthan.

Answer: A

Correct answer: Bank of India

Bank of India opened the first overseas branch of an Indian bank, at London in 1946. Its founding in 1906 and early move abroad reflected the trade financing needs of Indian business houses.

Answer: D

Correct answer: Bridge

APBS is the Aadhaar Payment Bridge System. It is the “bridge” that lets a government department pay a subsidy or benefit using only the beneficiary’s Aadhaar number: the mapper turns that number into the bank account last linked to it, so the department never needs the account details.

Answer: C

Correct answer: 12

The Universal Account Number is the 12-digit number the EPFO allots to every member. It stays with the employee for life, and each new employer’s PF member id is linked under the same UAN, which is what makes the balance portable when a person changes jobs.

Answer: C

Correct answer: Address

VPA is a Virtual Payment Address - the name@bank handle used in UPI, such as ramesh@okaxis. Its point is that the payer needs only this address, and never the account number or IFSC behind it.

Answer: A

Correct answer: Rs. 300 crore

NPCI’s authorised capital is ₹300 crore - the ceiling up to which it may issue shares. Of that, ₹100 crore has actually been issued and paid up.

Answer: B

Correct answer: ICICI Bank

ICICI Bank was the first Indian bank to offer internet banking, launching it in 1996 under the name Infinity. Take-up was slow at first because so few customers had internet access; it became the main channel only years later.

Answer: C

Correct answer: Bank of India

Bank of India was the first Indian bank to computerise all its branches, which allowed any-branch banking and, later, core banking across its network.

Answer: B

Correct answer: Pallava Grama Bank

Pallava Grama Bank, a regional rural bank of Tamil Nadu, was the first rural bank to issue a co-branded ATM card - a card issued jointly with a sponsor bank, so that the rural bank’s customers could use the larger bank’s ATM network.

Answer: B

Correct answer: Corporation Bank

Corporation Bank was the first to issue the MUDRA Card on the RuPay platform. The card gives a micro-entrepreneur who has been sanctioned a MUDRA loan a running working-capital limit that can be drawn at an ATM or spent at a point of sale, rather than a single lump-sum disbursal.