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1.  
Which of the following statements about regional rural banks is/are correct?
I. They are governed by the Regional Rural Banks Act, 1976.
II. The State Government holds 35% of their capital.
III. Their priority sector target is 75% of ANBC.

Correct Answer: E [Only I and III]

Explanation:

I true; II false – the State holds 15% (sponsor bank 35%); III true (PSL Directions 2025).

2.  
Which of these banks was NOT among those amalgamated with effect from 1 April 2020?

Correct Answer: D [Dena Bank]

Explanation:

Dena Bank (with Vijaya Bank) merged into Bank of Baroda on 1 April 2019.

3.  
Which pair of bank and head office is correctly matched?

Correct Answer: B [Bank of Baroda – Vadodara]

Explanation:

Bank of Baroda – Vadodara.

4.  
Under the RBI's 2019 'on tap' guidelines, the minimum paid-up voting equity capital/net worth for a small finance bank is:

Correct Answer: C [₹ 200 crore]

Explanation:

₹ 200 crore (5 Dec 2019); ₹ 100 crore was the 2014 figure.

5.  
The maximum end-of-day balance a payments bank may hold for an individual customer is:

Correct Answer: A [₹ 2 lakh]

Explanation:

Raised from ₹ 1 lakh to ₹ 2 lakh in April 2021.

6.  
A small finance bank must ensure that at least 50% of its loan portfolio consists of loans of up to:

Correct Answer: E [₹ 25 lakh]

Explanation:

SFB guidelines: at least 50% of loans of up to ₹ 25 lakh.

7.  
The licensing of payments banks and small finance banks in 2014 followed the recommendations of the:

Correct Answer: B [Nachiket Mor Committee]

Explanation:

The Nachiket Mor Committee looked at financial services for small businesses and low-income households.

8.  
To be included in the Second Schedule of the RBI Act, a bank's paid-up capital and reserves must be at least:

Correct Answer: D [₹ 5 lakh]

Explanation:

Section 42(6) of the RBI Act: at least ₹ 5 lakh.

9.  
Reverse question: a bank's capital is held 50% by the Centre, 35% by a sponsor bank and 15% by a State. The bank is a:

Correct Answer: C [Regional rural bank]

Explanation:

This 50 : 35 : 15 split is laid down by the RRB Act, 1976.

10.  
Odd one out (by head-office city):

Correct Answer: A [Indian Overseas Bank]

Explanation:

IOB is in Chennai; the other four are the 'Mumbai 4'.

11.  
How many banks were nationalised on 15 April 1980?

Correct Answer: D [6]

Explanation:

Eighty Six: 6 banks in 1980.

12.  
Consider the statements about NBFCs:
I. An NBFC cannot accept demand deposits.
II. Deposits mobilised by NBFCs are insured by the DICGC.

Correct Answer: A [Only I is correct]

Explanation:

I true; II false – DICGC's guide lists deposits mobilised by NBFCs as not covered.

13.  
Deposits in which of the following are NOT insured by the DICGC?

Correct Answer: C [Primary agricultural credit society]

Explanation:

DICGC covers commercial banks (incl.

14.  
Trick Spotter: which memory line gives the share of each owner of an RRB fastest?

Correct Answer: C [Half, then fifteen off, then fifteen]

Explanation:

Half (50) for the Centre, 50 − 15 = 35 for the sponsor bank, 15 for the State.

15.  
Vijaya Bank and Dena Bank were amalgamated with:

Correct Answer: B [Bank of Baroda]

Explanation:

Effective 1 April 2019, both merged into Bank of Baroda.

16.  
SBI absorbed its associate banks and Bharatiya Mahila Bank with effect from 1 April of which year?

Correct Answer: A [2017]

Explanation:

Effective 1 April 2017.

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