The payments banks in India are required to invest ____________ of funds in the government securities.
The payments banks in India were established in order to achieve financial inclusion and these banks can only accept deposits. They cannot undertake lending activities. The RBI has given the approval to open such banks as per Section 22(1) of the Banking Regulation Act 1949. Payment banks have been set up as per the recommendations of the Nachiket Mor committee and they can only accept deposits upto Rs 1 lakh per individual. These banks have to invest at least 75% of its funds in the government securities.
What does Economic development refers to?
Which of the following options is correct when we only accomplish two out of three pillars of sustainable development?
What is true about Mixed Economy?
1) The mixed economy combines both the features of a socialist and capitalist economy.
2) An arguabl...
Who authority controls the Monetary Policy in India?
National Adaptation Fund for Climate Change (NAFCC) was initiated in 2015-16 to support adaptation activities in the States and Union Territories (UTs) ...
Which of the statements are correct?
1) Process of disinvestment is very fast
2) Process of disinvestment is very slow and government alwa...
Economic Liberalization bought which route for FDI ?
What is true about National Income?
1) It is the net value of all the final goods and services produced by the nations during a financial year.
Agriculture Infrastructure Fund (AIF) is a financing facility operational from the year 2020-21 to ____________ for the creation of post-harvest managem...
Which of the following Statements is/are True?
I. D-SIIs are perceived as insurers that are ‘too big or too important to fail’ (TBTF...