Question
Which of the following conditions are true with regard
to issuance of debit cards by IBUs (international Banking Units) (i) IBUs may issue Debit cards to their customers holding a Current or Savings account with them (ii) Withdrawal of cash in IFSC, using Debit cards issued by IBUs, is not permitted (iii) Withdrawal of cash using Debit cards issued by IBUs, in jurisdictions outside IFSC, is also not permitted (iv) Debit cards issued by IBUs to a person resident in India shall not be used for accessing funds (through whatever means) from the bank accounts, if any, held by such person in the domestic territorySolution
Conditions for issuing Debit card by IBUs i. IBUs may issue Debit cards to their customers holding a Current or Savings account with them. ii. Withdrawal of cash in IFSC, using Debit cards issued by IBUs, is not permitted. Withdrawal of cash using Debit cards issued by IBUs, in jurisdictions outside IFSC, is permitted subject to the rules and regulations of the said jurisdiction. iii. All other transactions including making online payments, undertaking PoS transactions, funds transfer etc. using Debit cards issued by IBUsis permitted. iv. Debit cards issued by IBUs to a person resident in India shall not be used for accessing funds (through whatever means) from the bank accounts, if any, held by such person in the domestic territory. v. IBUs shall ensure that transactions permitted to be undertaken through Debit cards issued to persons resident in India are compliant with the requirements of the Foreign Exchange Management Acr,1999
A question is given, followed by two statements numbered (I) and (II). You have to decide whether the data provided in the statements is sufficient to ...
Five boxes B, C, D, E, F are placed in a row from west to east direction according to their weight in an increasing order. And also each of them is of ...
Seven persons A, B, Y, Z, E, F and G are sitting in a row facing north but not necessarily in the same order. Which of the following persons sit fourth...
Among A, B, C, D, E and F, is A greater than C?
I. B is equal to D, who is equal or smaller than A. E is greater than or equal to D and smalle...
Six persons, P through U are of different ages. Who is the oldest person?
Statement I: R is older than only U. S is older than P but younger than...
Among A, B, C, D and E, which is the smallest?
I. D is greater or equal to E. B is equal to C, which is greater than D.
II. E is smal...
Three mangoes M1, M2, and M3 are shared by five persons A, B, C, D and E. A shares mango with E. Mango M2 is shared with C, who shares it with D but not...
How many female members are there in family of ten members?
I. Q is only son of H, who is son-in-law of A. S is only daughter of D. L is sister...
Five persons D, E, F, G, and H are attending the seminar on five different days of the same week starting from Monday to Friday. G attends the seminar o...
The question given below consists of two statements numbered I and II given below it. You have to decide whether the data provided in the statements ar...
Relevant for Exams:
