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Home › Banking › Payments Banks and Small Finance Banks

Payments Banks and Small Finance Banks — Banking Questions & Practice

Practise 7 Payments Banks and Small Finance Banks questions from Banking for competitive exams such as UPSC, Banking, SSC and Railway. Read the worked questions below, check every answer with an explanation, and track what you get wrong.

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Practice questions on Payments Banks and Small Finance Banks — with answers

Try each question first, then open the answer. Explanations are included.

1. Which of the following facts is associated with 'Airtel Payments Bank'?

  1. APayments bank arm of the Paytm digital payments company
  2. BPayments bank promoted by National Securities Depository Limited
  3. CFirst payments bank to become operational in India (2017)
  4. DPayments bank promoted by Reliance Industries and State Bank of India
Show answer

Answer: C

'Airtel Payments Bank': First payments bank to become operational in India (2017).

2. Which of the following facts is associated with 'Paytm Payments Bank'?

  1. APayments bank focused on financial inclusion, converted from Fino PayTech
  2. BPayments bank promoted by Reliance Industries and State Bank of India
  3. CPayments bank arm of the Paytm digital payments company
  4. DPayments bank promoted by National Securities Depository Limited
Show answer

Answer: C

'Paytm Payments Bank': Payments bank arm of the Paytm digital payments company.

3. Which of the following facts is associated with 'Jio Payments Bank'?

  1. AFirst payments bank to become operational in India (2017)
  2. BPayments bank focused on financial inclusion, converted from Fino PayTech
  3. CPayments bank promoted by Reliance Industries and State Bank of India
  4. DPayments bank promoted by National Securities Depository Limited
Show answer

Answer: C

'Jio Payments Bank': Payments bank promoted by Reliance Industries and State Bank of India.

4. Which of the following facts is associated with 'NSDL Payments Bank'?

  1. ASet up under the Department of Posts, launched in 2018
  2. BPayments bank focused on financial inclusion, converted from Fino PayTech
  3. CPayments bank promoted by National Securities Depository Limited
  4. DPayments bank arm of the Paytm digital payments company
Show answer

Answer: C

'NSDL Payments Bank': Payments bank promoted by National Securities Depository Limited.

5. Which was among the first small finance banks to commence operations in India (2016-17)?

  1. AHDFC Bank
  2. BSBI
  3. CAU Small Finance Bank / Capital Small Finance Bank / Ujjivan Small Finance Bank (among the first cohort)
  4. DICICI Bank
Show answer

Answer: C

The correct answer is 'AU Small Finance Bank / Capital Small Finance Bank / Ujjivan Small Finance Bank (among the first cohort)'.

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