First Regional Rural Bank(RRB) in India is ________
Answer: B
Correct answer: Prathama Bank
Prathama Bank, sponsored by Syndicate Bank and headquartered at Moradabad, was the first regional rural bank in India, set up on 2 October 1975 under the Regional Rural Banks Ordinance. Its name simply means “the first”.
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The first bank to introduce the Point of Sale (POS) terminal is ________
Answer: D
Correct answer: Union Bank of India
Union Bank of India introduced the first Point of Sale terminal in India - the card-reading device at a merchant’s counter that authorises a payment against the customer’s account.
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A in APC?
Answer: D
Correct answer: Administered
In the Reserve Bank’s list of abbreviations APC is the Administered Price Coefficient, used where prices are fixed by administrative order rather than set in the market.
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_______was the first private sector bank in India which was founded in 1899 in Kerala.
Answer: D
Correct answer: Nedungadi Bank
Nedungadi Bank, founded at Kozhikode in Kerala in 1899 by Rao Bahadur T M Appu Nedungadi, was the first private sector bank in India. It ran into difficulties a century later and was amalgamated with Punjab National Bank in 2003.
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The headquarters of IOSCO is located in _____
Answer: B
Correct answer: Madrid, Spain
IOSCO - the International Organization of Securities Commissions, the global body of securities regulators, of which SEBI is a member - has its General Secretariat at Madrid, Spain.
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Which of the following is covered by IBBI?
Answer: D
Correct answer: All of these
The Code, and so the Board, covers companies, limited liability partnerships, partnership firms and individuals - the whole range of debtors. This breadth was the point of the reform: earlier the law for companies, firms and individuals sat in different statutes.
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India’s first contact less mobile payment solution has launched by - ____
Answer: A
The country’s first contact less mobile payment solution to enable its credit and debit customers make in-store contact less payments by just waving their smartphones near an NFC-enabled merchant terminal. The mobile payment solution available in the Bank’s ‘Pockets’ app, provides improved convenience of ‘Touch & Pay’ as customers are no longer required to carry physical card or cash to pay in stores. ICICI Bank is the first financial institution in the country to leverage the Host Card Emulation (HCE) technology to bring forth this solution.
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How many promoter banks are there in NPCI?
Answer: A
Correct answer: 10
NPCI was founded by ten promoter banks - State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Union Bank of India, Bank of India, ICICI Bank, HDFC Bank, Citibank and HSBC - a deliberate mix of public sector, private and foreign banks. The shareholding was later broadened to many more banks.
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BHIM stands for _____
Answer: A
Correct answer: Bharat Interface for Money
BHIM is the Bharat Interface for Money, the UPI app released by NPCI in December 2016 and named after Dr B R Ambedkar. It is an interface, not a wallet: it moves money straight between bank accounts and holds none of its own.
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Headquarters of Fino Payments Bank Limited is __________
Answer: D
Correct answer: Mumbai
Fino Payments Bank is headquartered in Mumbai, Maharashtra.
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