McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Master of Business Administration (MBA) .
| 51. |
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» D. 75% | |
| 52. |
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» C. 40% | |
| 53. |
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» D. 6 | |
| 54. |
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 |
| Answer» A. Rs 100 crore | |
| 55. |
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% |
| Answer» A. 25% | |
| 56. |
What is the deposit limit on saving accounts in the Payment banks? |
| A. | 1 lakh |
| B. | 2 lakh |
| C. | 5 lakh |
| D. | 10 lakh |
| Answer» B. 2 lakh | |
| 57. |
Which of these cannot be issued by payment bank? |
| A. | Debit card |
| B. | ATM card |
| C. | Credit Card |
| D. | All of the above |
| Answer» C. Credit Card | |
| 58. |
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 |
| Answer» C. Both A & B | |
| 59. |
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 |
| Answer» C. Nachiket Mor | |
| 60. |
Which is India’s First payment bank? |
| A. | Airtel payments Bank |
| B. | Fino Payments bank |
| C. | Jio Payments bank |
| D. | Pay Tm Payments bank |
| Answer» A. Airtel payments Bank | |
| 61. |
A CRM system helps companies - |
| A. | To Improve business relationships |
| B. | To connected to customers |
| C. | To improve profitability |
| D. | All the above |
| Answer» D. All the above | |
| 62. |
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 |
| Answer» A. External | |
| 63. |
What is the maximum amount of loan can be extended by payments banks? |
| A. | 25000 |
| B. | 50000 |
| C. | 100000 |
| D. | No lending power |
| Answer» D. No lending power | |
| 64. |
After how many years of successful operation Payment bank can be converted into small finance bank? |
| A. | 4 |
| B. | 5 |
| C. | 7 |
| D. | 10 |
| Answer» B. 5 | |
| 65. |
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 |
| Answer» B. Fino payments bank | |
| 66. |
Who is the founder of Grameen Bank? |
| A. | Muhammad Yunus |
| B. | Abdullah abu Sayed |
| C. | Anu Muhammad |
| D. | Atiur Rahman |
| Answer» A. Muhammad Yunus | |
| 67. |
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 |
| Answer» B. Airtel payments bank | |
| 68. |
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 |
| Answer» A. Expertise of an entrepreneur | |
| 69. |
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 |
| Answer» A. Sole Proprietorship | |
| 70. |
In __________________, the entrepreneur has the right to sell any assets. |
| A. | Proprietorship |
| B. | Partnership |
| C. | Limited Liability Company |
| D. | None of the given option |
| Answer» A. Proprietorship | |
| 71. |
Entrepreneurs are best as ________________ |
| A. | Managers |
| B. | Venture capitalists |
| C. | Planners |
| D. | Doer |
| Answer» D. Doer | |
| 72. |
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 |
| Answer» D. a process involving innovation, new products or services, and value creation | |
| 73. |
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 |
| Answer» C. Entrepreneurship takes place in a wide variety of contexts | |
| 74. |
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 |
| Answer» B. opportunist | |
| 75. |
The most cited source of new business ideas is |
| A. | brainstorming. |
| B. | in-depth understanding of industry/profession. |
| C. | a hobby. |
| D. | copying someone else. |
| Answer» B. in-depth understanding of industry/profession. | |
| 76. |
An entity registered under which act can issue PPIs? |
| A. | Reserve Bank of India Act, 1934 |
| B. | Companies Act, 1956 / Companies Act, 2013 |
| C. | Banking Regulations Act, 1949 |
| D. | Payment and. Settlement Systems Act, 2007 |
| Answer» B. Companies Act, 1956 / Companies Act, 2013 | |
| 77. |
What is the rate of interest offered on PPI balance? |
| A. | 1% |
| B. | 2% |
| C. | Zero |
| D. | 3% |
| Answer» C. Zero | |
| 78. |
Which of the following is not one of the types of PPIs issued? |
| A. | Closed System PPIs |
| B. | Semi-closed System PPIs |
| C. | Open System PPIs |
| D. | Semi-open System PPIs |
| Answer» D. Semi-open System PPIs | |
| 79. |
What is the maximum permitted limit of balance at any point in time in PPIs per month? |
| A. | Rs 75,000 |
| B. | Rs 1 lakh |
| C. | Rs 25,000 |
| D. | Rs 50,000 |
| Answer» D. Rs 50,000 | |
| 80. |
Venture capital is concerned with: |
| A. | New project having potential for higher profit |
| B. | New project of high technology |
| C. | New project having high risk |
| D. | All the above. |
| Answer» A. New project having potential for higher profit | |
| 81. |
What is the maximum validity period of a PPI? |
| A. | 6 months |
| B. | 12 months |
| C. | 9 months |
| D. | 3 months |
| Answer» B. 12 months | |
| 82. |
The PPIs that are issued by an entity for facilitating the purchase of goods and services from that entity only and do not permit cash withdrawal are known as_____________ |
| A. | Open System PPIs |
| B. | Semi-closed System PPIs |
| C. | Semi-open System PPIs |
| D. | Closed System PPIs |
| Answer» D. Closed System PPIs | |
| 83. |
Paytm, MobiKwik is an example of which type of PPI? |
| A. | Semi-closed System PPIs |
| B. | Open System PPIs |
| C. | Closed System PPIs |
| D. | Semi-Open System PPIs |
| Answer» A. Semi-closed System PPIs | |
| 84. |
Which of the following is an example of Open System PPIs? |
| A. | Rupay |
| B. | Paytm Wallet |
| C. | Ola Money |
| D. | All the above |
| Answer» A. Rupay | |
| 85. |
In the Open System PPIs, the outstanding amount should not exceed______________ at any point. |
| A. | Rs 10,000 |
| B. | Rs 50,000 |
| C. | Rs 1 lakh |
| D. | Rs 2 lakh |
| Answer» C. Rs 1 lakh | |
| 86. |
In …………………..type of payment system customer is allowed to spend only up to the amount that have pre deposited into account. |
| A. | Prepaid |
| B. | Post paid |
| C. | both of these |
| D. | none of these |
| Answer» A. Prepaid | |
| 87. |
……………………….credit card gives all the advantages of a normal credit card without worrying about the interest charges. |
| A. | Prepaid |
| B. | Post paid |
| C. | both of these |
| D. | none of these |
| Answer» A. Prepaid | |
| 88. |
A……………………..is a device that includes an embedded integrated circuit Chip [ICC] that can be either a secure micro controller or equivalent intelligence with internal memory or a memory chip alone. |
| A. | smart Cards |
| B. | E-Cheques |
| C. | E-cash |
| D. | none of these |
| Answer» A. smart Cards | |
| 89. |
Smart Card is ______ |
| A. | Special purpose Cards |
| B. | Microprocessor Cards |
| C. | Processing unit contains memory for storing data |
| D. | Processing unit for software |
| Answer» B. Microprocessor Cards | |
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