Payment Banks

46. What is the maximum balance allowed in a payment bank account?

a) Rs. 10,000

b) Rs. 50,000

c) Rs. 1 lakh

d) Rs. 2 lakhs

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47. Which payment bank is associated with Dilip Shanghvi, the founder of Sun Pharmaceuticals?

a) Airtel Payments Bank

b) Paytm Payments Bank

c) Fino Payments Bank

d) Equitas Small Finance Bank

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48. Which of the following entities cannot hold more than 10% of the paid-up equity capital in a payment bank?

a) Non-Banking Financial Companies (NBFCs)

b) Mobile telecom companies

c) Public sector banks

d) Cooperative banks

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49. Which payment bank introduced the concept of “zero balance saving accounts”?

a) Airtel Payments Bank

b) Paytm Payments Bank

c) Fino Payments Bank

d) India Post Payments Bank

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50. Payment banks in India are allowed to offer which of the following services outside India?

a) NRI banking services

b) Foreign exchange trading

c) International remittances

d) Offshore banking services

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