Deck 3: Payment Banks and Entrepreneurship in India

Question 1

How much percentage of its funds is required to be invested by payments banks in government securities or T-bills with maturity up to 1 year?

A)25%
B)40%
C)50%
D)75%

Answer 1

75%

Question 2

For first five years how much paid-up equity capital needs to be maintained by promoters in payments bank?

A)20%
B)30%
C)40%
D)60%

Answer 2

40%

Question 3

How many payments banks have actually started operations since RBI has granted the in-principle approval?

A)11
B)10
C)9
D)6

Answer 3

6

Question 4

What is the minimum capital required to set up payments bank?

A)Rs 100 crore
B)Rs 75 crore
C)Rs 50 crore
D)Rs 25 crore

Question 5

How much percentage of its funds can be held by payments banks in current and time deposit with Scheduled Commercial Bank?

A)25%
B)40%
C)50%
D)75%

Question 6

What is the deposit limit on saving accounts in the Payment banks?

A)1 lakh
B)2 lakh
C)5 lakh
D)10 lakh

Question 7

Which of these cannot be issued by payment bank?

A)Debit card
B)ATM card
C)Credit Card
D)All of the above

Question 8

Which of these accounts can be opened in payment bank?

A)Savings Account
B)Current Account
C)Both A & B
D)None of the above

Question 9

Who headed the committee to evaluate the license applications for Payment Banks?

A)C Rangarajan
B)Usha Throat
C)Nachiket Mor
D)B. S Mehta

Question 10

Which is India's First payment bank?

A)Airtel payments Bank
B)Fino Payments bank
C)Jio Payments bank
D)Pay Tm Payments bank

Question 11

A CRM system helps companies -

A)To Improve business relationships
B)To connected to customers
C)To improve profitability
D)All the above

Question 12

A CRM system is a better way to manage the _______ interactions and relationships that drive success.

A)External
B)Internal
C)Neutral
D)None of above

Question 13

What is the maximum amount of loan can be extended by payments banks?

A)25000
B)50000
C)100000
D)No lending power

Question 14

After how many years of successful operation Payment bank can be converted into small finance bank?

A)4
B)5
C)7
D)10

Question 15

In july 2020 which of the following payment bank has launched a "Bhavishya" saving account for minors?

A)Airtel payments bank
B)Fino payments bank
C)Post payments bank
D)Paytm Payments Bank

Question 16

Who is the founder of Grameen Bank?

A)Muhammad Yunus
B)Abdullah abu Sayed
C)Anu Muhammad
D)Atiur Rahman

Question 17

Which of the following payments bank launched Bharosa savings account scheme?

A)India post payment bank
B)Airtel payments bank
C)Paytm Payment bank
D)Aditya birla Idea payment bank

Question 18

The development of a start-up based on an inventor's work often requires ________.

A)Expertise of an entrepreneur
B)Heavy investment from financers
C)Skilled human resources
D)Highly educated staff

Question 19

A business where an individual is both the owner and conductor of the business affairs is called__________________.

A)Sole Proprietorship
B)Partnership
C)Corporation
D)None of the above

Question 20

In __________________, the entrepreneur has the right to sell any assets.

A)Proprietorship
B)Partnership
C)Limited Liability Company
D)None of the given option

Question 21

Entrepreneurs are best as ________________

A)Managers
B)Venture capitalists
C)Planners
D)Doer

Question 22

Entrepreneurship can best be described as:

A)a process that requires setting up a business
B)taking a significant risk in a business context
C)having a strong vision
D)a process involving innovation, new products or services, and value creation

Question 23

Which of these statements best describes the context for entrepreneurship:

A)Entrepreneurship takes place in small businesses
B)Entrepreneurship does not take place in social enterprises
C)Entrepreneurship takes place in a wide variety of contexts
D)Entrepreneurship takes place in large businesses

Question 24

The entrepreneur who is committed to the entrepreneurial effort because it makes good business sense is classed as a/an_____________________

A)inventor
B)opportunist
C)hacker
D)craftsman