Question
Payments Infrastructure Development Fund (PIDF) scheme
was recently in news, consider the following statements with reference to PIDF: 1. It aimed at encouraging deployment of more digital payments infrastructure across tier-3 to tier-6 centres. 2. The fund will be used to subsidize scheduled commercial banks only. 3. The fund has a corpus of 1000 crores. Which of the statements given above is/are correct?Solution
• Statement 1 is correct: Payments Infrastructure Development Fund (PIDF) scheme of RBI aimed at encouraging deployment of more digital payments infrastructure across tier-3 to tier-6 centres. • Statement 2 is incorrect: The fund will be used to subsidize banks and non-banks for deploying payment infrastructure like PoS machines etc, which will be contingent upon specific targets being achieved • Statement 3 is incorrect: PIDF presently has a corpus of ₹ 345 crore (₹ 250 crore contributed by RBI and ₹ 95 crore by the major authorised card networks in the country).
Why do metals conduct electricity?
The green colour of the leaves is due to-
Which alkali metal is represented by the atomic number 3?
Which planet is known as the "Red Planet"?
What is the total number of carbon atoms in a molecule of butane?
What type of equilibrium is it when the center of gravity is at the highest point?
Repetition of sound produced by reflection of sound waves is called-
What type of substance is commonly used as a thermometric material due to its responsiveness to temperature changes?
Pentane has _____ structural isomers.
What is the physical state of water at 250⁰ C?
Relevant for Exams:
