Banking Awareness

Q1. NPCI is an umbrella organisation for all retail payments system in India. It was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA). What does NPCI stand for-

(a) National Payments Corporation of Industry

(b) National Payments Council of India

(c) Nominal Payments Corporation of India

(d) National Payments Corporation of India

(e) National Product Corporation of India 

Q2. In which among the following years NPCI was incorporated-

(a) December 2008

(b) January 2006

(c) April 2010

(d) July 2012

(e) None of the given options is true

Q3. The Bank for International Settlements (BIS) is the world's oldest international financial organisation. BIS was established on-

(a) 26th May 1961

(b) 01st October 1949

(c) 14th February 1914

(d) 21st August 1945

(e) 17th May 1930

Q4. Where is the head office of Bank for International Settlements (BIS)?

(a) Zurich, Switzerland

(b) New York, USA

(c) Basel, Switzerland

(d) Berlin, Germany

(e) Geneva, Switzerland

Q5. Under which act NPCI was incorporated as a Section 8?

(a) Banking Regulation Act, 1949

(b) Companies Act 2013

(c) Reserve Bank of India Act, 1934

(d) Societies Registration Act, 1860 

(e) None of the given options is true

Q6. How much amount was authorised capital of NPCI? 

(a) Rs 100 crore

(b) Rs 500 crore 

(c) Rs 300 crore

(d) Rs 200 crore

(e) Rs 400 crore

Q7. Bank for International Settlements (BIS) pursues its mission by-

(a) Fostering discussion and facilitating collaboration among central banks

(b) Supporting dialogue with other authorities that are responsible for promoting financial stability

(c) Carrying out research and policy analysis on issues of relevance for monetary and financial stability

(d) Acting as a prime counterparty for central banks in their financial transactions

(e) All of the above

Q8. Bank for International Settlements (BIS) is an international organisation, created pursuant to an international treaty (The Hague Agreements of 1930). Its shareholding members are-

(a) Central banks

(b) Monetary authorities

(c) Commercial Banks

(d) Both (a) and (b)

(e) Both (a) and (c)

Q9. Who is the present Managing Director (MD) & Chief Executive Officer (CEO) of NPCI?

(a) Balachandran M

(b) AP Hota

(c) Deena Mehta

(d) B Sambamurthy

(e) None of the given options is true

Q10. How much amount was paid-up capital of NPCI?

(a) Rs 100 crore

(b) Rs 500 crore 

(c) Rs 300 crore

(d) Rs 200 crore

(e) Rs 400 crore

Q11. BCBS is the primary global standard setter for the prudential regulation of banks and provides a forum for cooperation on banking supervisory matters. What is mean of 'S' in BCBS?

(a) Supervision

(b) Serious

(c) System

(d) Service

(e) Stands

Q12. The Basel III capital regulation has been implemented from April 1, 2013 in India in phases and it will be fully implemented as on- 

(a) 31st March 2020

(b) 31st March 2019

(c) 31st March 2017

(d) 31st March 2018

(e) None of the given options is true

Q13. Which among the following product is not a product of NPCI?

(a) Unified Payments Interface (UPI)

(b) Bharat Interface for Money (BHIM)

(c) Single Euro Payments Area (SEPA)

(d) Bharat Bill Payment System (BBPS) 

(e) National Automated Clearing House (NACH)

Q14. Which card is a new card payment scheme launched by NPCI?

(a) Maestro card

(b) Visa Card

(c) MasterCard

(d) RuPay

(e) None of the given options is true

Q15. The Basel Committee has issued the full text of the revised LCR following endorsement on 06th January 2013 by its governing body. What is mean of 'C' in LCR?

(a) Custody

(b) Commercial

(c) Credit

(d) Cash

(e) Coverage