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1.  
About payments banks under the RBI's 2014 guidelines, which is/are correct?
I. The minimum paid-up equity capital is ₹ 100 crore.
II. At least 75% of demand deposit balances must be invested in SLR-eligible government securities/T-bills.
III. A payments bank may apply to become a small finance bank after 3 years of operation.

Correct Answer: E [Only I and II]

Explanation:

I and II true; III false – conversion is allowed after 5 years (2019 guidelines).

2.  
Match the event with its date:
(i) RBI begins operations (ii) RBI nationalised (iii) SBI formed (iv) 14 banks nationalised
(p) 1 April 1935 (q) 1 July 1955 (r) 19 July 1969 (s) 1 January 1949

Correct Answer: A [i-p, ii-s, iii-q, iv-r]

Explanation:

1 April 1935, 1 January 1949, 1 July 1955, 19 July 1969.

3.  
Arrange in chronological order: (P) Imperial Bank of India formed (Q) RBI begins operations (R) State Bank of India formed (S) First RRBs set up

Correct Answer: C [P → Q → R → S]

Explanation:

1921 Imperial Bank → 1935 RBI → 1955 SBI → 1975 RRBs.

4.  
Under the RBI's Priority Sector Lending Directions, 2025, which is/are correct?
I. Small finance banks have a total priority sector target of 60% of ANBC.
II. Regional rural banks have a total priority sector target of 75% of ANBC.
III. Urban co-operative banks have a total priority sector target of 75% of ANBC.

Correct Answer: E [Only I and II]

Explanation:

I and II true; III false – UCBs: 60%.

5.  
How many of these banks have their head office in Chennai: Indian Bank, Indian Overseas Bank, Canara Bank, UCO Bank, Bank of Maharashtra?

Correct Answer: B [2]

Explanation:

Only Indian Bank and IOB (the 'Chennai 2').

6.  
Odd one out – which was NOT an anchor (receiving) bank in the amalgamations of 1 April 2020?

Correct Answer: D [Bank of Baroda]

Explanation:

Bank of Baroda was the anchor in 2019 (Vijaya, Dena); the other four were 2020 anchors.

7.  
Reverse question: an institution may accept only demand deposits (up to a cap), issue debit cards and offer remittances, but may not lend. It is a:

Correct Answer: E [Payments bank]

Explanation:

PAY, don't LEND – payments banks cannot lend.

8.  
The middle tier of the short-term rural co-operative credit structure is the:

Correct Answer: A [District Central Co-operative Bank]

Explanation:

S-D-P: State Co-operative Bank → DCCB → PACS.

9.  
Under the RBI's 2025 list of Domestic Systemically Important Banks, which bank is placed in the highest occupied bucket (bucket 4)?

Correct Answer: C [State Bank of India]

Explanation:

2025 list (2 Dec 2025): SBI – bucket 4 (0.80%); HDFC Bank – bucket 2; ICICI Bank – bucket 1.

10.  
The initial minimum paid-up voting equity capital for a universal bank under the RBI's 2016 'on tap' guidelines is:

Correct Answer: D [₹ 500 crore]

Explanation:

₹ 5 billion = ₹ 500 crore (1 August 2016 guidelines).

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