As per the Reserve Bank of India, BBPS will initially accept utility bill payments such as _________ A. Telephone Bill B. Electricity Bill C. DTH services D. All of the Above E. None of the Above

As per the Reserve Bank of India, BBPS will initially accept utility bill payments such as _________ A. Telephone Bill B. Electricity Bill C. DTH services D. All of the Above E. None of the Above
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D. All of the Above Explanation: As per the Reserve Bank of India, BBPS will initially accept utility bill payments such as electricity, water, gas, telephone and direct-to-home services and will later include other repetitive payments including school and university fees and municipal taxes.
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________ have been awarded the license by the Central Bank to operate Bharat Bill Payment System (BBPS) recently. A. Common Service Centres (CSC) B. Financial Institutions C. Only (A) D. Both (A) and (B) E. None of the Above

Description : ________ have been awarded the license by the Central Bank to operate Bharat Bill Payment System (BBPS) recently. A. Common Service Centres (CSC) B. Financial Institutions C. Only (A) D. Both (A) and (B) E. None of the Above

Last Answer : A. Common Service Centres (CSC) Explanation: over 1.5 Lakh common service centres (CSC) or Digital Seva Kendres have been awarded the license by the Central Bank to operate Bharat Bill Payment System (BBPS).

Reserve Bank of India has granted in principle approval to the common service Centres to act as which operating unit to make bill payments in rural? A) Bharat Bill Payment B) National Bill Payment C) Non Banking Financial D) Mobile Banking Payment E) None of these

Description : Reserve Bank of India has granted in principle approval to the common service Centres to act as which operating unit to make bill payments in rural? A) Bharat Bill Payment B) National Bill Payment C) Non Banking Financial D) Mobile Banking Payment E) None of these

Last Answer : A) Bharat Bill Payment Explanation: Reserve Bank of India has granted in-principle nod to the common service centres RBI (CSCs) as Bharat Bill Payment Operating Unit to make bill payments at centres in rural bands.

Is an online mobile, DTH recharge and utility bill pay a worth business to start,how much profit can we make?

Description : Is an online mobile, DTH recharge and utility bill pay a worth business to start,how much profit can we make?

Last Answer : Yes, its a good business to start, because inspite of many Mobile Wallets, still there is a requirement for a Kiosk based model where these things can be done quickly. You might have to do the ... low about .5- 3% and making money by just relying on mobile/DTH recharges is not wiser decision.

Which of the following will function as the Bharat Bill Payment Central Unit (BBPCU), single authorized entity operating the BBPS? A. RBI B. NPCI C. GOI D. All of the Above E. None of the Above

Description : Which of the following will function as the Bharat Bill Payment Central Unit (BBPCU), single authorized entity operating the BBPS? A. RBI B. NPCI C. GOI D. All of the Above E. None of the Above

Last Answer : B. NPCI Explanation: National Payments Corporation of India (NPCI) will function as the authorized Bharat Bill Payment Central Unit (BBPCU), which will be responsible for setting business ... BBPCU, will also undertake clearing and settlement activities related to transactions routed through BBPS.

_______ is an integrated bill payment system which will offer inter operable bill payment service to customers online as well as through a network of agents on the ground. A. BBPS B. IMPS C. AEPS D. APBS E. None of the Above

Description : _______ is an integrated bill payment system which will offer inter operable bill payment service to customers online as well as through a network of agents on the ground. A. BBPS B. IMPS C. AEPS D. APBS E. None of the Above

Last Answer : A. BBPS Explanation: The Bharat Bill Payment System (BBPS) is a RBI mandated system which will offer integrated and interoperable bill payment services to customers across geographies with certainty, reliability and safety of transactions.

Reserve Bank of India gave “in-principle” licences to _______ entities to launch payments banks. A. 10 B. 11 C. 12 D. 13 E. None of the Above

Description : Reserve Bank of India gave “in-principle” licences to _______ entities to launch payments banks. A. 10 B. 11 C. 12 D. 13 E. None of the Above

Last Answer : B. 11 Explanation: Reserve Bank of India gave -in-principle licences to 11 entities to launch payments banks. They are:- Aditya Birla Nuvo Airtel M Commerce Services Cholamandalam ... Reliance Industries Dilip Shanghvi, Sun Pharmaceuticals Vijay Shekhar Sharma, Paytm Tech Mahindra Vodafone M-Pesa.

OCR is used for the preparation of _________ A. electricity bills B. telephone bills C. insurance premium D. All of the Above

Description : OCR is used for the preparation of _________ A. electricity bills B. telephone bills C. insurance premium D. All of the Above

Last Answer : D. All of the Above

According to Reserve Bank of India Regulations, “Universal Banks” are permitted to pick up stake in Payment Banks up to _________ A. 35% B. 25% C. 20% D. 40% E. 30%

Description : According to Reserve Bank of India Regulations, “Universal Banks” are permitted to pick up stake in Payment Banks up to _________ A. 35% B. 25% C. 20% D. 40% E. 30%

Last Answer : E. 30% Explanation: RBI regulations allow universal banks to invest up 30 per cent in payments banks.

Co-operative banks are regulated by the Reserve Bank of India under _________ A. Banking Regulation Act, 1949 B. Banking Laws (Application to Co-operative Societies) Act, 1965 C. Both (A) and (B) D. Negotiable Instrument Act–1881 E. None of the Above

Description : Co-operative banks are regulated by the Reserve Bank of India under _________ A. Banking Regulation Act, 1949 B. Banking Laws (Application to Co-operative Societies) Act, 1965 C. Both (A) and (B) D. Negotiable Instrument Act–1881 E. None of the Above

Last Answer : C. Both (A) and (B) Explanation: Co-operative banks are regulated by the Reserve Bank of India under the Banking Regulation Act, 1949 and Banking Laws (Application to Co-operative Societies) Act, 1965

The rules framed in the Clayton‟s case have been incorporated in _________ A. Banking Regulation Act, 1949 B. Reserve Bank of India Act, 1934 C. Negotiable Instruments Act, 1881 D. Indian Contract Act, 1872 E. None of the Above

Description : The rules framed in the Clayton‟s case have been incorporated in _________ A. Banking Regulation Act, 1949 B. Reserve Bank of India Act, 1934 C. Negotiable Instruments Act, 1881 D. Indian Contract Act, 1872 E. None of the Above

Last Answer : D. Indian Contract Act, 1872 Explanation: The rules framed in the Clayton‘s case was incorporated in Section 59 of the Indian Contract Act, 1872.

A Credit Bureau is governed by _________ A. Securities and Exchange Board of India Act, 1992 B. Reserve Bank of India Act, 1934 C. Banking Regulation Act, 1949 D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 E. Credit Information Companies (Regulation) Act of 2005

Description : A Credit Bureau is governed by _________ A. Securities and Exchange Board of India Act, 1992 B. Reserve Bank of India Act, 1934 C. Banking Regulation Act, 1949 D. Securities and Exchange ... of India (Credit Rating Agencies) Regulations, 1999 E. Credit Information Companies (Regulation) Act of 2005

Last Answer : E. Credit Information Companies (Regulation) Act of 2005 Explanation: A Credit Bureau is governed by the Credit Information Companies (Regulation) Act of 2005.

Committee on Comprehensive Financial Services for Small Businesses and Low Income Households, headed by ________ recommended the formation of a new category of bank called payments bank. A. NR Madhawan Menon B. Bimal Jalan C. Nachiket Mor D. Y.H. Melagam E. None of the Above

Description : Committee on Comprehensive Financial Services for Small Businesses and Low Income Households, headed by ________ recommended the formation of a new category of bank called payments bank. A. NR Madhawan Menon B. Bimal Jalan C. Nachiket Mor D. Y.H. Melagam E. None of the Above

Last Answer : C. Nachiket Mor Explanation: Committee on Comprehensive Financial Services for Small Businesses and Low Income Households, headed by Nachiket Mor recommended the formation of a new category of bank called payments bank.

DTH services are provided by _______

Description : DTH services are provided by _______

Last Answer : DTH services are provided by _______ A. Transport companies B. Banks C. Cellular companies D. none of these

A) PayUmoney Explanation: It can allow even the smallest of merchants to start accepting card based payments. It can accept all credit/debit cards. The POS terminal is easy to set up, can be operated using a pre- or post-paid SIM, and does away with the use of paper receipts—making it cost & battery effective, and, of course, very environment friendly. With a simple and hassle-free documentation policy, a merchant can start using a PayUmoney POS terminal within 48 hours of signing up for the service.

Description : A) PayUmoney Explanation: It can allow even the smallest of merchants to start accepting card based payments. It can accept all credit/debit cards. The POS terminal is easy to set up, can be ... , a merchant can start using a PayUmoney POS terminal within 48 hours of signing up for the service.

Last Answer : Which of the following company launched “Receive and Win” campaign for Ramzan? A) Mobikwik B) Freecharge C) Paytm D) MoneyGram E) Udio

The small scale unit wishing to export has to obtain exporters code number from _________. A. The Reserve Bank of India. B. The Central Bank of India. C. Any Regional Bank. D. Any International Bank.

Description : The small scale unit wishing to export has to obtain exporters code number from _________. A. The Reserve Bank of India. B. The Central Bank of India. C. Any Regional Bank. D. Any International Bank.

Last Answer : A. The Reserve Bank of India.

A collection of non-bank financial intermediaries that provide services similar to traditional commercial banks is known as _________ A. Off-shore Banking B. Investment Banking System C. Shadow Banking System D. Conventional Banking E. Merchant Banking System

Description : A collection of non-bank financial intermediaries that provide services similar to traditional commercial banks is known as _________ A. Off-shore Banking B. Investment Banking System C. Shadow Banking System D. Conventional Banking E. Merchant Banking System

Last Answer : C. Shadow Banking System Explanation: A shadow banking system refers to the financial intermediaries involved in facilitating the creation of credit across the global financial system but ... oversight. The shadow banking system also refers to unregulated activities by regulated institutions.

Authorised capital of National Payments Corporation of India (NPCI) is _________ and paid up capital is _______ A. Rs 300 crore and Rs 100 crore B. Rs 350 crore and Rs 50 crore C. Rs 200 crore and Rs 100 crore D. Rs 100 crore and Rs 50 crore

Description : Authorised capital of National Payments Corporation of India (NPCI) is _________ and paid up capital is _______ A. Rs 300 crore and Rs 100 crore B. Rs 350 crore and Rs 50 crore C. Rs 200 crore and Rs 100 crore D. Rs 100 crore and Rs 50 crore

Last Answer : A. Rs 300 crore and Rs 100 crore Explanation: National Payments Corporation of India (NPCI) was incorporated in December 2008 and the Certificate of Commencement of Business was issued in ... dimension and operate on high volume resulting payment services at fraction of the present cost structure.

Soon to be set up India Post Payments Bank will have how many branches in the country? A) 650 B) 550 C) 500 D) 750 E) 600

Description : Soon to be set up India Post Payments Bank will have how many branches in the country? A) 650 B) 550 C) 500 D) 750 E) 600

Last Answer : A) 650 Explanation: The communications and IT minister Ravi Shankar Prasad has said that all 650 branches of the payment bank set up by the department of posts will be established by September 2017.

Reliance Industries (RIL) has signed agreement with which of the following to set up payments bank? A) Canara Bank B) State Bank of India C) Yes Bank D) Axis Bank E) Indian Overseas Bank

Description : Reliance Industries (RIL) has signed agreement with which of the following to set up payments bank? A) Canara Bank B) State Bank of India C) Yes Bank D) Axis Bank E) Indian Overseas Bank

Last Answer : B) State Bank of India Explanation: Telecom-to-energy conglomerate Reliance Industries (RIL) and India s largest lender State Bank of India (SBI) have signed Subscription and Shareholders Agreement to ... in the payments bank and SBI as joint venture will have 30 per cent equity contribution.

A payments company OKI installed 600 automatic teller machines with cash recycling abilities for State Bank of India. OKI has its headquarters in A) England B) Singapore C) USA D) Malaysia E) Japan

Description : A payments company OKI installed 600 automatic teller machines with cash recycling abilities for State Bank of India. OKI has its headquarters in A) England B) Singapore C) USA D) Malaysia E) Japan

Last Answer : E) Japan Explanation: The company which is headquartered in Japan and operates out of Mumbai in India manufactures ATMs which work with recyclable cash and has both cash acceptance mechanism ... recently taken to the new technology of machines with both depositing as well as dispensing abilities.

The auditor's evaluation of the likelihood of material employee fraud is normally done initially as a part of a. The assessment of whether to accept the audit engagement. b. Understanding the entity's internal control structure. c. The Tests of Controls. d. The Tests of Transactions

Description : The auditor's evaluation of the likelihood of material employee fraud is normally done initially as a part of a. The assessment of whether to accept the audit engagement. b. Understanding the entity's internal control structure. c. The Tests of Controls. d. The Tests of Transactions

Last Answer : Understanding the entity's internal control structure.

The auditor's evaluation of the likelihood of material employee fraud is normally done initially as a part of a. The assessment of whether to accept the audit engagement. b. Understanding the entity's internal control structure. c. The Tests of Controls. d. The Tests of Transactions

Description : The auditor's evaluation of the likelihood of material employee fraud is normally done initially as a part of a. The assessment of whether to accept the audit engagement. b. Understanding the entity's internal control structure. c. The Tests of Controls. d. The Tests of Transactions

Last Answer : Understanding the entity's internal control structure

Language Translators can be divided into three major categories.They are _________ A. Compiler, Operating System and Assembler B. Compiler, Device Driver and Assembler C. Compiler, Interpreter and System Utility D. Compiler, Interpreter and Assembler

Description : Language Translators can be divided into three major categories.They are _________ A. Compiler, Operating System and Assembler B. Compiler, Device Driver and Assembler C. Compiler, Interpreter and System Utility D. Compiler, Interpreter and Assembler

Last Answer : D. Compiler, Interpreter and Assembler

The setting up of the National Housing Bank (NHB), a fully owned subsidiary of the Reserve Bank of India in _____ as the apex institution marketed the beginning of emergence housing finance as a fund based financial services in India.(a) 1987, b) 1978, c)1988)

Description : The setting up of the National Housing Bank (NHB), a fully owned subsidiary of the Reserve Bank of India in _____ as the apex institution marketed the beginning of emergence housing finance as a fund based financial services in India.(a) 1987, b) 1978, c)1988)

Last Answer : c)1988)

Which of the following surrendered their “in-principle” to launch payments banks? A. Cholamandalam Distribution Services B. Dilip Shanghvi, Sun Pharmaceuticals C. Tech Mahindra D. All of the Above E. None of the Above

Description : Which of the following surrendered their “in-principle” to launch payments banks? A. Cholamandalam Distribution Services B. Dilip Shanghvi, Sun Pharmaceuticals C. Tech Mahindra D. All of the Above E. None of the Above

Last Answer : D. All of the Above Explanation: Three of the 11 entities have surrendered their licenses. They are ―Chalomandalam Distribution Services‖, ―Dilip Shanghvi, Sun Pharmaceuticals‖ and ―Tech Mahindra‖.

What are the services available under IMPS? A. Funds Transfer and Remittances B. Merchant Payments C. NUUP D. Both (A) and (B) E. All of the Above

Description : What are the services available under IMPS? A. Funds Transfer and Remittances B. Merchant Payments C. NUUP D. Both (A) and (B) E. All of the Above

Last Answer : E. All of the Above Explanation: The services available under IMPS are Funds Transfer and Remittances Merchant Payments NUUP QSAM

Payments bank of the postal department will have how much corpus at the beginning? A) Rs 900 crore B) Rs 600 crore C) Rs 1000 crore D) Rs 800 crore E) Rs 700 crore

Description : Payments bank of the postal department will have how much corpus at the beginning? A) Rs 900 crore B) Rs 600 crore C) Rs 1000 crore D) Rs 800 crore E) Rs 700 crore

Last Answer : D) Rs 800 crore Explanation: The payments bank of eth department will be functional by March 2017. It is one of the 11 applicants which got in principle approval to set up payments bank in the country.

Who has been appointed as the CEO and MD of Airtel Payments Bank? A) Rakesh Arora B) Shashi Arora C) Bharti Mittal D) Manik Bose E) Raja Malik

Description : Who has been appointed as the CEO and MD of Airtel Payments Bank? A) Rakesh Arora B) Shashi Arora C) Bharti Mittal D) Manik Bose E) Raja Malik

Last Answer : B) Shashi Arora Explanation: Airtel Payments Bank has appointed Shashi Arora as the CEO & Managing Director of the company, subject to the approval of the Reserve Bank of India . Airtel is ... were granted in-principle approvals in August 2015 to receive the final license from the central bank.

Which of the following banks have become the first banks to join SWIFT‟s global payments initiative? A) ICICI and HDFC Bank B) IndusInd Bank and SBI C) PNB and Federal Bank D) Axis Bank and ICICI E) ICICI and SBI

Description : Which of the following banks have become the first banks to join SWIFT‟s global payments initiative? A) ICICI and HDFC Bank B) IndusInd Bank and SBI C) PNB and Federal Bank D) Axis Bank and ICICI E) ICICI and SBI

Last Answer : D) Axis Bank and ICICI Explanation: Global payments leader SWIFT said that ICICI Bank and Axis Bank have become the first domestic lenders to sign up for its global payments innovation initiative ... and global reach and in the first phase, the initiative will focus on business-tobusiness payments.

Axis Bank has tied up with which payments company to operate its Unified Payments Interface (UPI) enabled app? A) PayU B) Paytm C) Freecharge D) Mobikwik E) Oxigen

Description : Axis Bank has tied up with which payments company to operate its Unified Payments Interface (UPI) enabled app? A) PayU B) Paytm C) Freecharge D) Mobikwik E) Oxigen

Last Answer : C) Freecharge Explanation: Country‘s third largest private sector lender Axis Bank said it is ready with a Unified Payments Interface (UPI) app, while it also announced a tie-up with digital payments company Freecharge for it.

C) MyGov Explanation: The cabinet on June 1, 2016, gave its nod to setting up of the IPPB under the Department of Posts. The Department of Post wants to connect with and involve the people of India in designing the DNA of the India Post Payments Bank. So it launched this contest. The contest is open to all Indian citizens, institutions, agencies and entities for a period of one month, until July 9, 2016.

Description : C) MyGov Explanation: The cabinet on June 1, 2016, gave its nod to setting up of the IPPB under the Department of Posts. The Department of Post wants to connect with and involve the people of ... all Indian citizens, institutions, agencies and entities for a period of one month, until July 9, 2016.

Last Answer : To provide loans to Indo-Spanish joint ventures and local enterprises in India, State Bank of India (SBI) has signed a memorandum of agreement with Spain‟s which bank to enhance business synergies? A) Caja Madrid B) CaixaBank C) Liberbank D) Gallego bank E) None of these

The e- IOD service would be offered initially with______ a) Business Post b) Logistic Post c) Bill Mail Service d) None of these

Description : The e- IOD service would be offered initially with______ a) Business Post b) Logistic Post c) Bill Mail Service d) None of these

Last Answer : c) Bill Mail Service

According to a report by Reserve Bank of India, country‟s gross bad loans are expected to grow from 7.6% to ________ by March 2017. A) 9.2% B) 8.2% C) 8.5% D) 8.0% E) None of these

Description : According to a report by Reserve Bank of India, country‟s gross bad loans are expected to grow from 7.6% to ________ by March 2017. A) 9.2% B) 8.2% C) 8.5% D) 8.0% E) None of these

Last Answer : C) 8.5% Explanation: Gross bad loans at banks may rise to 8.5 percent of total assets by March 2017 from 7.6 percent in March 2016 if the central bank orders them to conduct a second round of ... Meanwhile, under a -severe stress situation, total bad loans could rise to 9.3 percent in March 2017.

The Reserve Bank of India imposed how much penalty on Bank of Baroda in the alleged Rs 6000 crore forex related irregularities that came to light in October last year? A) Rs 5 crore B) Rs 7 crore C) Rs 5.5 crore D) Rs 6.2 crore E) Rs 6 crore

Description : The Reserve Bank of India imposed how much penalty on Bank of Baroda in the alleged Rs 6000 crore forex related irregularities that came to light in October last year? A) Rs 5 crore B) Rs 7 crore C) Rs 5.5 crore D) Rs 6.2 crore E) Rs 6 crore

Last Answer : A) Rs 5 crore Explanation: The RBI carried out an inspection after Rs 6,100 crore import remittances were effected by Bank of Baroda‘s Ashok Vihar branch in New Delhi.

The Reserve Bank of India will transfer how much surplus to the government for FY‟16 as dividend? A) Rs 68876 crore B) Rs 65885 crore C) Rs 75876 crore D) Rs 65876 crore E) Rs 65776 crore

Description : The Reserve Bank of India will transfer how much surplus to the government for FY‟16 as dividend? A) Rs 68876 crore B) Rs 65885 crore C) Rs 75876 crore D) Rs 65876 crore E) Rs 65776 crore

Last Answer : D) Rs 65876 crore Explanation: The Reserve Bank of India will Rs 65876 crore as surplus transfer to the government for FY 16, Rs 20 crore less that previous year s Rs 65896 crore, a central ... surplus approved by the Reserve Bank of India board could be used to fund the centre s fiscal deficit .

The Overseas Principal should obtain necessary authorisation from the Reserve Bank of India under the provisions of which Act to commence/ operate a payment system? A. Reserve Bank of India Act–1934 B. Banking Companies (Acquisition and Transfer of Undertakings) Act–1970 C. Banking Regulation (Companies) Rules, 1949 D. Payment and Settlement Systems Act (PSS Act), 2007 E. None of the Above

Description : The Overseas Principal should obtain necessary authorisation from the Reserve Bank of India under the provisions of which Act to commence/ operate a payment system? A. Reserve Bank of India Act-1934 B. Banking ... , 1949 D. Payment and Settlement Systems Act (PSS Act), 2007 E. None of the Above

Last Answer : D. Payment and Settlement Systems Act (PSS Act), 2007 Explanation: The Overseas Principal should obtain necessary authorisation from the Department of Payment and Settlement Systems, Reserve Bank of India ... Payment and Settlement Systems Act (PSS Act), 2007 to commence/ operate a payment system.

A Shareholder has been defined by ________ A. Banking Regulation Act, 1949 B. Reserve Bank of India Act, 1934 C. Negotiable Instruments Act, 1881 D. Indian Contract Act, 1872 E. The companies act, 1956

Description : A Shareholder has been defined by ________ A. Banking Regulation Act, 1949 B. Reserve Bank of India Act, 1934 C. Negotiable Instruments Act, 1881 D. Indian Contract Act, 1872 E. The companies act, 1956

Last Answer : E. The companies act, 1956 Explanation: The Companies Act, 1956 ―Small Shareholder‖ means a shareholder holding shares of nominal value of twenty thousand rupees or less in a public company to which section 252 of the Act applies.

Which of the following is governed by the provisions of Section 42 of the Reserve Bank of India Act, 1934? A. Bank rate B. Reverse Repo Rate C. SLR D. CRR E. None of the Above

Description : Which of the following is governed by the provisions of Section 42 of the Reserve Bank of India Act, 1934? A. Bank rate B. Reverse Repo Rate C. SLR D. CRR E. None of the Above

Last Answer : D. CRR Explanation: CRR is governed by the provisions of Section 42 of the Reserve Bank of India Act, 1934. There is no minimum & maximum level of CRR. We could go upto zero CRR (negative values are of course absurd).

SMERA has been registered under _______ A. Securities and Exchange Board of India Act, 1992 B. Reserve Bank of India Act, 1934 C. Banking Regulation Act, 1949 D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 E. None of these

Description : SMERA has been registered under _______ A. Securities and Exchange Board of India Act, 1992 B. Reserve Bank of India Act, 1934 C. Banking Regulation Act, 1949 D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 E. None of these

Last Answer : D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 Explanation: SMERA has been registered under Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999.

Issuance of stamp duty on bonds is under ________ A. The Companies Act, 1956 B. The Public Debt Act 1944. C. Indian Stamp Act 1899 (Central Act) D. Reserve Bank of India Act, 1934 E. Both (A) and (C)

Description : Issuance of stamp duty on bonds is under ________ A. The Companies Act, 1956 B. The Public Debt Act 1944. C. Indian Stamp Act 1899 (Central Act) D. Reserve Bank of India Act, 1934 E. Both (A) and (C)

Last Answer : C. Indian Stamp Act 1899 (Central Act) Explanation: Issuance of stamp duty on bonds is under Indian Stamp Act 1899 (Central Act). A bond is transferable by endorsement and delivery without payment of any transfer stamp duty.

To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of India under ________ A. Payment and Settlement Systems (PSS) Act 2007. B. Foreign Exchange Management Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Description : To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of India under ________ A. Payment and Settlement Systems (PSS) Act 2007. B. Foreign ... Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Last Answer : A. Payment and Settlement Systems (PSS) Act 2007. Explanation: To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of ... PSS) Act 2007. Bharat Bill Payment Operating Units (BBPOUs) will be the authorised operational units.

Reserve Bank of India has made it mandatory on the banks to discontinue the practice of stapling the currency note packets under _______ of the Banking Regulation Act, 1949 A. Section 35A B. Section 25A C. Section 15A D. Section 30A E. None of the Above

Description : Reserve Bank of India has made it mandatory on the banks to discontinue the practice of stapling the currency note packets under _______ of the Banking Regulation Act, 1949 A. Section 35A B. Section 25A C. Section 15A D. Section 30A E. None of the Above

Last Answer : A. Section 35A Explanation: The Reserve Bank of India has made it mandatory on the banks to discontinue the practice of stapling the currency note packets. It has issued a directive to banks under Section 35A of the Banking Regulation Act, 1949.

Reserve Bank of India gave provisional licences to _______ entities to launch small finance banks. A. 10 B. 11 C. 12 D. 13 E. None of the Above

Description : Reserve Bank of India gave provisional licences to _______ entities to launch small finance banks. A. 10 B. 11 C. 12 D. 13 E. None of the Above

Last Answer : A. 10 Explanation: Reserve Bank of India gave provisional licences to 10 entities out of 72 applicants to launch small finance banks. The selected applicants are: Au Financiers (Jaipur), ... Micro Finance (Navi Mumbai), Ujjivan Financial Services (Bengaluru) and Utkarsh Micro Finance (Varanasi).

The Monetary Authority in India, viz Reserve Bank of India is bound to maintain a reserve against the notes issued, Whatever may be the mount. This system is called as __________ A. Minimum Reserve System B. Proportional Reserve System C. Maximum Fiduciary Issue system D. Simple deposit system E. None of the Above

Description : The Monetary Authority in India, viz Reserve Bank of India is bound to maintain a reserve against the notes issued, Whatever may be the mount. This system is called as __________ A. Minimum Reserve ... Reserve System C. Maximum Fiduciary Issue system D. Simple deposit system E. None of the Above

Last Answer : A. Minimum Reserve System Explanation: The RBI follows a minimum reserve system in the note issue. Initially, it used to keep 40 per cent of gold reserves in its total assets.

Interest payments on loans borrowed abroad are recorded in A. Capital Account B. Current Accounts C. errors and Omission Section D. Official Reserve Account

Description : Interest payments on loans borrowed abroad are recorded in A. Capital Account B. Current Accounts C. errors and Omission Section D. Official Reserve Account

Last Answer : Current Accounts

If the balance on current and capital accounts of Balance of Payments (BoP) taken together is negative, then (a) It is a case of BoP surplus ; (b) It is a case of BoP surplus where the official reserve account is in surplus; (c) It is a case of BoP deficit ; (d) It is case of BoP disequilibrium

Description : If the balance on current and capital accounts of Balance of Payments (BoP) taken together is negative, then (a) It is a case of BoP surplus ; (b) It is a case of BoP surplus where the official reserve account is in surplus; (c) It is a case of BoP deficit ; (d) It is case of BoP disequilibrium

Last Answer : (c) It is a case of BoP deficit ;

Payments made by the bank as per standing instructions are recorded on the Debit balance of the Pass Book.

Description : Payments made by the bank as per standing instructions are recorded on the Debit balance of the Pass Book.

Last Answer : State whether the following statement are True or False with reason : Payments made by the bank ... recorded on the Debit balance of the Pass Book.

Fixed Deposits and Recurring Deposits are _________ A. repayable after an agreed period. B. repayable on demand. C. not repayable. D. repayable on demand or after an agreed period as per bank‘s choice.

Description : Fixed Deposits and Recurring Deposits are _________ A. repayable after an agreed period. B. repayable on demand. C. not repayable. D. repayable on demand or after an agreed period as per bank‘s choice.

Last Answer : D. repayable on demand or after an agreed period as per bank s choice. Explanation: A fixed deposit (FD) is a financial instrument provided by banks which provides investors with a ... every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits.

As per the Exim Bank Act, at a particular point in time, the Exim Bank can have a maximum of _________ directors on its Board. A. 16 B. 15 C. 14 D. 13

Description : As per the Exim Bank Act, at a particular point in time, the Exim Bank can have a maximum of _________ directors on its Board. A. 16 B. 15 C. 14 D. 13

Last Answer : A. 16 Explanation: As per the Exim Bank Act, at a particular point in time, the Bank can have a maximum of 16 directors on its Board. Including Chairman and Managing Director, the Bank s ... by the Reserve Bank of India (RBI), Industrial Development Bank of India (IDBI) and ECGC Ltd respectively.

How to accept Bitcoin payments?

Description : How to accept Bitcoin payments?

Last Answer : Try out using crypto payment gateways, for example, NOWPayments.io (nowpayments.io)