"Did you Know? In this pack you will get All new content we launch in the next 1 months"
This is the most recommended and NRA-CET ready Pack!
Use Code 'DREAM' to avail at the best price today
This package Includes IBPS PO Study Material - Subscribe Now
About Bank Mahapack
If you are preparing for more than 1 Banking & Insurance exams then this is the pack we recommend you buy.
It is most cost-effective and you get access to 100% digital content for Bank & Insurance exams on Adda247.
Banking & Insurance Exams Covered in this Pack
Additionally, you can crack any private bank job exam with content in this pack.
Bank & Insurance Mahapack Highlights
- Structured course content
- Recorded classes available if you miss any live class
- Previous Years’ Papers of all upcoming exams.
- Full Length Mocks based on the latest pattern with detailed solutions (video solutions for certain topics)
- Topic level knowledge tests
- Strategy sessions, time management & Preparation tips from the experts
Validity: 1 Month
- Unlimited Live Classes & Recorded Video Courses
- Unlimited Tests and eBooks
- 1 Lakh+ Selections
- 15 Months
- 9 Months
- 3 Months
- 27 Months
- 1 Month
Q1. What is the interest rate of KVP as on 01st January 2018?
(a) 7.5% compounded annually
(b) 7.7% compounded annually
(c) 7.4% compounded annually
(d) 7.3% compounded annually
(e) 7.6% compounded annually
Q2. Sukanya Samriddhi Accounts can be opened up to age of _______ years only from the date of birth.
(a) 5 years
(b) 20 years
(c) 10 years
(d) 15 years
(e) 25 years
Q3. If minimum Rs __________is not deposited in a financial year, account will become discontinued and can be revived with a penalty of Rs 50/- per year with minimum amount required for deposit for that year in Sukanya Samriddhi Accounts?
(a) Rs 2000/-
(b) Rs 1000/-
(c) Rs 3000/-
(d) Rs 5000/-
(e) Rs 10,000/-
Q4. Sukanya Samriddhi Accounts can be closed after completion of-
(a) 21 years
(b) 25 years
(c) 18 years
(d) 10 years
(e) 32 years
Q5. What is the interest rate of Sukanya Samriddhi Accounts as on 01st January 2018?
(a) 8.5% Per Annum
(b) 8.3% Per Annum
(c) 8.1% Per Annum
(d) 8.7% Per Annum
(e) 8.9% Per Annum
Q6. The objectives of setting up of payments banks will be to further financial inclusion by providing-
(a) Small savings accounts
(b) Payments/remittance services to migrant labour workforce,
(c) Low income households
(d) All of the above
(e) None of the given options is true
Q7. Acceptance of demand deposits. Payments bank will initially be restricted to holding a maximum balance of __________ per individual customer.
(a) Rs 1 lakh
(b) Rs 5 lakh
(c) Rs 50 lakh
(d) Rs 10,000
(e) Rs 2 lakh
Q8. Payments banks cannot issue-
(b) Debit cards
(c) credit cards
(d) Both (a) and (c)
(e) None of the given options is true
Q9. What is the Scope of activities of Payment Banks?
(a) Acceptance of demand deposits. Payments bank will initially be restricted to holding a maximum balance of Rs. 100,000 per individual customer.
(b) Distribution of non-risk sharing simple financial products like mutual fund units and insurance products, etc.
(c) BC of another bank, subject to the Reserve Bank guidelines on BCs.
(d) Payments and remittance services through various channels.
(e) All of the above is Scope of activities of Payment Banks
Q10. The minimum paid-up equity capital for payments banks shall be-
(a) Rs. 500 crore
(b) Rs. 100 crore
(c) Rs. 200 crore
(d) Rs. 700 crore
(e) Rs. 1000 crore
Q11. The payments bank should have a leverage ratio of not less than ____________ that is its outside liabilities should not exceed 33.33 times its net worth (paid-up capital and reserves).
(a) 3 per cent
(b) 4 per cent
(c) 5 per cent
(d) 6 per cent
(e) 7 per cent
Q12. Scheduled commercial bank can take equity stake in a payments bank to the extent permitted under Section 19 (2) of the-
(a) Indian Societies Registration Act, 1860
(b) Banking Regulation Act, 1949
(c) Reserve Bank of India Act, 1934
(d) Companies Act, 1956
(e) Securities and Exchange Board of India Act, 1992
Q13. The foreign shareholding in the payments bank would be as per the FDI policy for private sector banks as amended from time to time. FDI stands for-
(a) Foreign Direct Initial
(b) Foreign Direct International
(c) Foreign Direct Investment
(d) Foreign Direct Installment
(e) Foreign Direct Increment
Q14. The promoter’s minimum initial contribution to the paid-up equity capital of such payments bank shall at least be ___________ for the first five years from the commencement of its business.
Q15. The Reserve Bank of India has granted “in-principle” approval to the following ______________ applicants to set up payments banks under the Guidelines for Licensing of Payments Banks issued on November 27, 2014.