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    Question

    Which of the following activities can be undertaken by a payment bank in India, as per RBI guidelines?

    (i) Acceptance of demand deposits

    (ii) Acceptance of time deposits

    (iii) Issue of debit cards

    (iv) Issue credit cards

    A Only (ii) and (iv) Correct Answer Incorrect Answer
    B Only (i) and (iii) Correct Answer Incorrect Answer
    C Only (i) and (ii) Correct Answer Incorrect Answer
    D Only (iii) and (iv) Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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