New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    As per the Reserve Bank of India Guidelines for

    Payments Banks, issued on 27 November 2014, payment banks CANNOT ________.
    A issue credit cards Correct Answer Incorrect Answer
    B offer internet banking services Correct Answer Incorrect Answer
    C accept demand deposits from individuals, small businesses and other entities Correct Answer Incorrect Answer
    D function as Business Correspondent of another bank Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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