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- On 1 August 2016, RBI released guideline for 'on tap' licensing of Universal Banks i the private sector. As per these guidelines the validity of the in-principle approval issue for these banks will be ____________
- 12 months
- 24 months
- 20 months
- 36 months
- 18 months
- 'On tap' licensing of Universal Banks stopped current stop-start policy of RBI to issue licenses to Banks. The minimum paid-up voting equity capital for this bank shall be ____________
- As per RBI statement, the proposed Universal Bank shall have a minimum net worth of ____________ at all times.
- Rs.500 crore
- Rs.l00 acre
- Rs.50 crore
- Rs.10 crore
- Rs.1000 crore
- 'On tap' Universal Bank shall be required to maintain a minimum capital adequacy ratio of ____________ of its risk weighted assets (RWA) for a minimum period of three years after the commencement of its operations. However any higher percentage may be prescribed by RBI from time to time.
- 11.5%
- 9%
- 8.5%
- 9.5%
- 13%
- Large industrial houses are excluded as eligible entities to get on-tap license of Universal Bank. However they are permitted to invest in these banks up to ____________
- 20%
- 10%
- 5%
- 74%
- 49%
- As per RBI statement, the individuals and professionals having ____________ of experience in banking and finance at a senior level are also eligible to promote Universal Banks.
- 10 years
- 5 years
- 20 years
- 2 years
- 12 years
- The proposed 'On-tap' Universal Bank shall get its shares listed on the stock exchanges within ____________ from the date of the commencement of business by the bank.
- 4 years
- 2 years
- 10 years
- 15 years
- 6 years
- Promoter shall hold a minimum of 40% of the paid-up voting equity capital of the Universal Bank which shall be locked-in for a period of ____________ from the date of commencement of business of the Universal Bank.
- 5 years
- 10 years
- 2 years
- 15 years
- 7 years
- In the proposed Universal Banks, if the promoter has excess of 40% of the total paid-up voting equity capital, shall be brought down to 40 percent within ____________ years from the date of commencement of business of the bank.
- 10
- 4
- 15
- 5
- 8
- The proposed Universal Banks shall be governed by ____________
- Banking Regulation Act, 1949
- Reserve Bank of India Act, 1934
- Foreign Exchange Management Act, 1999
- Payment and Settlement Systems Act, 2007
- All of above Acts govern these banks
- Universal Bank should open at least ____________ of its branches in unbanked rural centres, where the population is less than 10000, as per the statement given by RBI on 1 August 2016.
- 25%
- 50%
- 15%
- 20%
- 40%
- 13th Banking Conclave organised by FICCI (Federation of Indian Chambers of Commerce and Industry) concluded at ____________
- Kolkata
- Hyderabad
- Mumbai
- New Delhi
- Pune
- Federation of Indian Chambers of Commerce and Industry (FICCI) established in ____________
- 1927
- 1985
- 2001
- 1999
- 1985
- Who is the president of FICCI ?
- Dr. Naushad Forbes
- Sunil Kanoria
- Harshavardhan Neotia
- Shashenk Manohar
- Anent Geete
- To curb illegal and unauthorised pooling of funds by unscrupulous firms, RBI on 4th August 2016 launched which website to help people to get information about entities allowed to collect deposits ?
- sahapedia.org
- Milan.rbi.org.in
- kalapaisa.rbi.org.in
- paisaboltahaisbi.org.in
- sachet.rbi.org.in
Shared by Shravan Varma Gadhiraju
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