Quiz on Types of Banks in India

What are the two broad classifications of banks in India?

• Scheduled and Non-Scheduled banks

• Urban and Rural banks

• Commercial and Cooperative banks

• Public and Private banks

Under which act do scheduled banks operate?

• Financial Institutions Act, 1984

• Reserve Bank of India Act, 1934

• Companies Act, 2013

• Banking Regulation Act, 1949

What is the minimum paid-up capital required for a scheduled bank?

• ₹1 lakh

• ₹5 lakh

• ₹10 lakh

• ₹50 lakh

Which of the following is a type of scheduled commercial bank?

• Regional Rural Bank

• Urban Cooperative Bank

• HDFC Bank

• Andaman and Nicobar State Co-operative Bank

What distinguishes non-scheduled banks from scheduled banks?

• They are listed in the Second Schedule of the RBI Act.

• They serve specific community needs.

• They are eligible for RBI refinancing.

• They have higher paid-up capital.

Which of the following is NOT a type of scheduled bank?

• Scheduled Commercial Banks

• Scheduled Co-operative Banks

• Non-Scheduled Banks

• Scheduled Payment Banks

What is the primary focus of non-scheduled banks?

• Large-scale credit flow

• Financial inclusion in remote areas

• Corporate banking

• International banking

Which of the following banks is an example of a foreign scheduled bank?

• State Bank of India

• Axis Bank

• HDFC Bank

• HSBC

What is the cash reserve ratio (CRR) requirement for scheduled banks?

• Maintained with themselves

• Maintained with the RBI

• Not applicable

• Varies by bank size

Which of the following is a challenge faced by non-scheduled banks?

• Large capital bases

• Strict regulatory oversight

• Higher operational risks

• Access to RBI refinancing