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August 24, 2016

Banking Awareness Quiz - Set 86

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  1. 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 ____________
    1. 12 months
    2. 24 months
    3. 20 months
    4. 36 months
    5. 18 months
  2. '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 ____________
    1. Rs.100 crores
    2. Rs.1000 crores
    3. Rs.1500 acres
    4. Rs.5000 crores
    5. Rs.500 crores
  3. As per RBI statement, the proposed Universal Bank shall have a minimum net worth of ____________  at all times.
    1. Rs.500 crore
    2. Rs.l00 acre
    3. Rs.50 crore
    4. Rs.10 crore
    5. Rs.1000 crore
  4. '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.
    1. 11.5%
    2. 9% 
    3. 8.5%
    4. 9.5%
    5. 13% 
  5. 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  ____________
    1. 20%
    2. 10%
    3. 5%
    4. 74%
    5. 49%
  6. 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.
    1. 10 years
    2. 5 years
    3. 20 years
    4. 2 years
    5. 12 years 
  7. 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. 
    1. 4 years
    2. 2 years
    3. 10 years
    4. 15 years
    5. 6 years
  8. 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.
    1. 5 years
    2. 10 years
    3. 2 years
    4. 15 years
    5. 7 years
  9. 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.
    1. 10
    2. 4
    3. 15
    4. 5
    5. 8
  10. The proposed Universal Banks shall be governed by ____________
    1. Banking Regulation Act, 1949
    2. Reserve Bank of India Act, 1934
    3. Foreign Exchange Management Act, 1999
    4. Payment and Settlement Systems Act, 2007
    5. All of above Acts govern these banks 
  11. 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.
    1. 25%
    2. 50%
    3. 15%
    4. 20%
    5. 40%
  12. 13th Banking Conclave organised by FICCI (Federation of Indian Chambers of Commerce and Industry) concluded at ____________ 
    1. Kolkata
    2. Hyderabad
    3. Mumbai
    4. New Delhi
    5. Pune 
  13. Federation of Indian Chambers of Commerce and Industry (FICCI) established in  ____________
    1. 1927
    2. 1985
    3. 2001
    4. 1999
    5. 1985
  14. Who is the president of FICCI ?
    1. Dr. Naushad Forbes
    2. Sunil Kanoria
    3. Harshavardhan Neotia
    4. Shashenk Manohar
    5. Anent Geete 
  15. 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 ?
    1. sahapedia.org
    2. Milan.rbi.org.in
    3. kalapaisa.rbi.org.in
    4. paisaboltahaisbi.org.in
    5. sachet.rbi.org.in 
Shared by Shravan Varma Gadhiraju

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