Question
The establishment of ‘Payment Banks’ is being
allowed in India to promote financial inclusion. Which of the following statements is/are correct in this context? 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.Solution
They can enable transfers and remittance through mobile phones. The RBI guidelines say that the payments bank cannot undertake lending activities. Mobile phone companies and supermarket eligible. But, Payment banks can’t issue credit card or give loans.Â
Who authored the historical account "Padshahnama," chronicling the reign of Shah Jahan?
Which among the following was the most appropriate cause for the failure of Raziya?
The Battle of Haldighati was fought between which two leaders.
Begum Hazrat Mahal was the consort of which Nawab of Awadh?
Who was the father of Mughal Emperor Aurangzeb?
Which dynasty is associated with the Gandhara School of Art?
Who from among the following was the founder of Bahmani kingdom in the Deccan?
From the viewpoint of culture, the principle of regarding its beliefs, values, and practices is called:
Who among the following was the first elected King of the Pala Dynasty in Kamarupa?
Jayachandra, a historical ruler, belonged to which of the following dynasties?
