Banking 1

1. What is the central bank of the United States?

• A) Federal Reserve Bank                     

• B) State Bank of India 

• C) Reserve Bank of India 

• D) Risk Bank

2. What is the largest bank in India by assets?

• Bank of Baroda

• ICICI

• State Bank of India

• HDFC

3. Which act regulates the banking sector in India?

• Banking Regulation Act, 1950

• Banking Regulation Act, 1949

• Banking Regulation Act, 1935

• Banking Regulation Act, 1945

4. What is the minimum capital requirement for setting up a small finance bank in India?

• Rs. 50 crore

• Rs. 100 crore

• Rs. 250 crore

• Rs. 200 crore

5. What is the maximum limit of insurance provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC) for deposits in Indian banks?

• Rs. 5 lakh per depositor per bank

• Rs. 2 lakh per depositor per bank

• Rs. 3 lakh per depositor per bank

• Rs. 4 lakh per depositor per bank

6. Which Indian bank issues credit cards under the brand name "SBI Card"?

• ICICI

• CANARA BANK

• State Bank of India

• HDFC

7. What is the term for the interest rate at which RBI lends money to commercial banks?

• Repo rate

• Reserve Repo rate

• Bank Rate

• Margin Rate

8. What is the unique identification number issued by UIDAI to residents of India?

• TAN NO

• Bank A/ c No

• PAN NO

• Aadhaar number

9. Which bank introduced the Unified Payments Interface (UPI) in India?

• Personal Banking

• Net Banking

• National Payments Corporation of India (NPCI)

• Online payment

10. Which committee is responsible for the regulation and supervision of Non-Banking Financial Companies (NBFCs) in India?

• SBI

• Reserve Bank of India (RBI)

• Bank of Baroda

• Bank of Mysore