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Important Codes and Numbers Questions and Answers

62.

“I” in IBBI stands for______

Answer: D

The Insolvency and Bankruptcy Board of India (IBBI) is the regulator for overseeing insolvency proceedings and entities like Insolvency Professional Agencies (IPA), Insolvency Professionals (IP) and Information Utilities (IU) in India

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63.

FDI of ____% is allowed for payment banks.

Answer: C

Correct answer: 74%

Foreign direct investment in payment banks follows the rule for private sector banks: up to 74%, of which 49% is on the automatic route and the rest requires government approval.

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65.

Headquarters of ESAF Small Finance Bank is __________.

Answer: A

Correct answer: Thrissur

ESAF Small Finance Bank is headquartered at Thrissur, Kerala. It converted from ESAF Microfinance, and its name comes from the Evangelical Social Action Forum that founded it.

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67.

_________ in partnership with Visa launched India’s first co-branded e-commerce credit card.

Answer: D

Correct answer: Snapdeal and HDFC

Snapdeal and HDFC Bank, with Visa, launched India’s first co-branded e-commerce credit card - a card carrying the marketplace’s brand alongside the bank’s, and giving cardholders rewards on purchases made on that site.

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69.

First Indian bank which introduced Mutual Funds is _______

Answer: A

Correct answer: SBI

State Bank of India was the first Indian bank to enter mutual funds, setting up SBI Mutual Fund in 1987 - the first non-UTI mutual fund in the country, after the government allowed public sector banks into the business.

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