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

    Practice Next