Here are some MCQs on Payment Banks
1. Which of the following is not a feature of payment banks?
a) They can accept deposits up to Rs. 1 lakh
b) They can issue debit and credit cards
c) They can offer money transfer services
d) They can provide loans and mortgages
2. Payment banks in India are regulated by which organization?
a) Reserve Bank of India (RBI)
b) Securities and Exchange Board of India (SEBI)
c) Ministry of Finance
d) Indian Banks’ Association (IBA)
3. Which of the following is the first payment bank in India?
a) Paytm Payments Bank
b) Airtel Payments Bank
c) Fino Payments Bank
d) India Post Payments Bank
4. Payment banks are allowed to engage in which of the following activities?
a) Lending money
b) Issuing credit cards
c) Underwriting insurance policies
d) Trading stocks and bonds
5. Payment banks are required to invest in government securities to maintain what percentage of their Demand and Time Liabilities (DTL)?
a) 5%
b) 15%
c) 15%
d) 25%
