Which of the following statements is/are correct in this context of ‘Payment Banks’?
1. Mobile telephone companies and supermarket chains that are owned and controlled by residents are eligible to be promoters of Payment Banks.
2. Payment Banks can issue both credit cards and debit cards.
3. Payment Banks cannot undertake lending activities.
Select the correct answer using the code given below.
The eligible promoters of Payment Banks are the existing non-bank Pre-paid Payment Instrument (PPI) issuers; and other entities such as individuals/professionals; Non-Banking Finance Companies (NBFCs), corporate Business Correspondents (BCs), mobile telephone companies, supermarket chains, companies, real sector cooperatives; that are owned and controlled by residents; and public sector entities may apply to set up payments banks. Some prominent examples of Payment Banks include Airtel Payments Bank, Paytm Payments Bank etc. Payment Banks can only issue ATM/ debit cards and they are not allowed to issue credit cards. Payment Banks can not undertake lending activities. This means they cannot deploy their funds in loans.
Atal Pension Yojna is being administered by which of the following entity?
As per the revised norms of Ministry of Corporate Affairs (MCA), a small company is which has a paid-up Capital from not exceeding _______ & turnover n...
Ackermans model is constructed by _______________.
This year, Raisina Dialogue side-events will be hosted in Berlin and Washington D.C. The Raisina Young Fellows programme will be also be conducted on t...
Under Pradhan Mantri Ujjwala Yojna (PMUY), the beneficiaries get how much subsidy in their bank account and how many subsidized cylinders per year?
The major responsibility of RBI is ______________.
Ministry of Skill Development and Entrepreneurship launched 'Skills on Wheels' initiative of National Skill Development Cooperation and _______________...
What does ‘on-tap licensing’ provided by the Reserve Bank of India mean?
In capitalism profits and wages are in relation to ones _______________________.
Which of the following ministry has developed National e-Vidhan Application (NeVA) ?