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  • Question
  • Which financial institution has imposed fines on prepaid payment instrument issuers for violating norms?


  • Options
  • A. SIDBI
  • B. RBI
  • C. NHB
  • D. WB

  • Correct Answer
  • RBI 

    Explanation
    The Reserve Bank of India on May 3, 2019 announced that it has imposed penalties on five prepaid payment instrument (PPI) issuers, including Vodafone m-pesa and PhonePe, for violation of regulatory norms.

  • Banking problems


    Search Results


    • 1. ICICI Prudential Mutual Fund launched ICICI Prudential Bharat Consumption Scheme to get advantage from the Indian consumption market. The minimum investment of this scheme is;

    • Options
    • A. Rs 2,000
    • B. Rs 35000
    • C. Rs 4,000
    • D. Rs 5,000
    • Discuss
    • 2. This bank raises Rs 487 crore through private placement of Tier II bonds.

    • Options
    • A. Kotak Mahindra Bank
    • B. Indian Overseas Bank
    • C. Karur Vysya Bank
    • D. Federal Bank
    • Discuss
    • 3. This bank crossed the Rs.6 trillion market capitalization after TCS and RIL.

    • Options
    • A. ICICI Bank
    • B. HDFC Bank
    • C. Axis Bank
    • D. Yes Bank
    • Discuss
    • 4. National Thermal Power Corporation has signed a term-loan agreement of Rs 2,000 crore with which of the following bank?

    • Options
    • A. Syndicate Bank
    • B. Punjab National Bank
    • C. Axis Bank
    • D. Canara Bank
    • Discuss
    • 5. Which of the following bank has been categorized as a private sector lender following the acquisition of majority stake by Life Insurance Corporation?

    • Options
    • A. Axis Bank
    • B. HDFC Bank
    • C. IDBI Bank
    • D. Punjab National Bank
    • Discuss
    • 6. For which bank Reserve Bank of India has slapped a penalty of Rs 2 crore for non-compliance of regulatory directions?

    • Options
    • A. IDBI Bank
    • B. Bank of Baroda
    • C. Punjab National Bank
    • D. Syndicate Bank
    • Discuss
    • 7. Which bank has slipped down and attains 10th spot as most valued bank?

    • Options
    • A. Bank of Baroda
    • B. HDFC Bank
    • C. Kotak Mahindra Bank
    • D. Yes Bank
    • Discuss
    • 8. Name the Bank which got RBI approval for holding up to 9.9 percent stake in Bandhan Bank.

    • Options
    • A. SBI
    • B. Yes
    • C. Axis
    • D. HDFC
    • Discuss
    • 9. Which of the following financial service company won the Celent Model Bank 2019 Award?

    • Options
    • A. Equitas Small Finance Bank
    • B. Ujjivan Small Finance Bank
    • C. AU Small Finance Bank
    • D. Fincare Small Finance Bank
    • Discuss
    • 10. Which bank receives NCLT approval for merger with Bharat Financial Inclusion?

    • Options
    • A. RBL Bank
    • B. Kotak Mahindra Bank
    • C. IndusInd Bank
    • D. IDBI Bank
    • Discuss


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