141.
India’s first ATM service was introduced by______
Answer: D
Correct answer: HSBC
HSBC introduced India’s first ATM service, at Mumbai in 1987.
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Important Codes and Numbers Questions and Answers
142.
___________ Bank started the first mobile ATM service in India
Answer: B
Correct answer: ICICI Bank
ICICI Bank ran India’s first mobile ATM - an ATM mounted in a van that moves between fixed points on a published timetable, so areas without a branch get cash access for part of the day.
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143.
United Western Bank (UWB) was acquired by IDBI in which year ?
Answer: A
Correct answer: 2006
United Western Bank, based at Satara, was placed under moratorium by the Reserve Bank and amalgamated with IDBI Bank in 2006, which protected the depositors and gave IDBI some 230 branches in western India.
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144.
Amount in a PPI should not exceed _____ at any point of time if the customer provides full KYC
Answer: A
Correct answer: Rs. 1 lakh
A PPI whose holder has completed full KYC may hold up to ₹1,00,000 at any time, with no monthly ceiling on loading. The higher limit is the reward for full verification; a minimum-detail PPI is held to a far smaller balance.
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145.
Where is the headquarters of Utkarsh Small Finance Bank ?
Answer: D
Correct answer: Varanasi
Utkarsh Small Finance Bank is headquartered at Varanasi, Uttar Pradesh, and grew out of the microfinance company Utkarsh Micro Finance.
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146.
Maximum value of each prepaid gift instrument shall not exceed ______
Answer: B
Correct answer: Rs. 10000
The maximum value of a single prepaid gift instrument is ₹10,000. Gift instruments are not reloadable and permit no cash withdrawal, so the ceiling applies to each instrument issued rather than to a running balance.
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147.
S in IBPS?
Answer: B
Correct answer: Selection
IBPS is the Institute of Banking Personnel Selection, the autonomous body that conducts the common recruitment examinations for clerks, probationary officers and specialist officers in the public sector banks.
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148.
_______ are redeemable at a group of clearly identified merchants that contract specifically with the issuer to accept the payment instrument.
Answer: B
Correct answer: Semi-closed System Payment Instruments
Semi-closed instruments are redeemable at a group of clearly identified merchants who have contracted with the issuer to accept them. They differ from closed instruments, which work only with the issuer itself, and from open ones, which work anywhere the network is accepted and permit cash withdrawal.
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149.
Bengaluru, a city of Karnataka, is the headquarters of which of the below SFBs?
Answer: D
Correct answer: Ujjivan Small Finance Bank
Ujjivan Small Finance Bank is headquartered at Bengaluru. Of the others listed, Suryoday is at Navi Mumbai, Equitas at Chennai and AU at Jaipur.
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150.
UPI Personal Identification Number is a ____ digit pass code you create/set during first time registration with UPI App
Answer: C
Correct answer: 4 – 6
The UPI PIN is a 4- to 6-digit passcode that the user sets during registration, after the bank has verified the device through an SMS from the registered mobile number. Every payment must be authorised with it.
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Topics
- Miscellaneous
- Important Codes and Numbers
- Abbreviations and Banking Terminology
- Mergers and Acquisitions
- Payment Banks and Payment Systems
- First In India
- Digital Banking and E-Banking
- Indian Banking and Financial System
- Bank Rates and Monetary Policy
- Economic Organisations and Regulatory Bodies in India
- The Reserve Bank of India
- Marketing Awareness