Small finance banks are banks focused on a certain demographic portion of the population and its needs. These banks carry out lending activity among the weaker sections. These banks have been set up to facilitate financial inclusion to some of the unsustainable sectors of the economy such as small business units, small and marginal farmers, micro and small industries and Unorganised sector entities. It is a small and limited version of commercial banks that can take deposits and give loans. And they can sell other products such as insurance, mutual funds etc. and take the shape of a full-fledged commercial bank. Let's enjoy trivia quiz about Small Finance Bank-SFB.
1. Which committee on financial inclusion recommended the establishment of SFB?
A. By Ramandeep Mor Committee
B. By Nachiketa Mor Committee
C. By Shivam Mor Committee
D. By Jagjit Mor Committee
2. How much crore should be the minimum capital for the establishment of SFB?
A. 10 crore
B. 100 crore
C. 1000 crore
D. 10000 crore
3. Which is the formation of objective of SFB bank?
A. To bring non-banking institutions within the purview of the banking system
B. Ensuring availability of banking related facilities in non-banking sectors
C. Ensuring access to banking products to the underprivileged people of banking services in the country
D. All of the above
4. Which is the Features of Small Finance Banks?
A. Their minimum paid-up capital is around 100 crores
B. They are able to accept deposits and give loans
C. They can also be converted into full bank forms
D. All of the above
5. The SFB shall primarily undertake basic banking activities of acceptance of deposits and lending to __________.
A. Small business units
B. Small and marginal farmers
C. Micro and small industries
D. Alll of the above
6. Which should be the promoter’s minimum initial contribution to the paid-up equity capital of SFB?
A. 40%
B. 50%
C. 60%
D. 70%
7. Which of the following is the first Small Finance Bank of the country?
A. AU Small Finance Bank
B. Capital Small Finance Bank
C. Equitas Small Finance Bank
D. None of the above
8. Where is headquartered of AU Small finance bank?
A. Ludhiana
B. Jaipur
C. Patna
D. Mumbai
9. In which section of the Banking Regulation Act 1949, SFB are licensed?
A. Sec 19
B. Sec 21
C. Sec 22
D. Sec 02
10. Where is Utkarsh Small Finance Bank headquarter located?
A. Dibrugarh
B. Nainital
C. Varanasi
D. Udaipur
11. Which is the maximum FDI limit in Small Finance Bank?
A. 74%
B. 75%
C. 76%
D. 77%
12. Where is headquarter of ESAF Small finance Bank?
A. Bangalore
B. Chennai
C. Telangana
D. Madurai
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