Question
Which of the following is not a requirement for an
entity to be eligible to set up a payment bank in India?Solution
To be eligible to set up a payment bank in India, an entity must fulfill several requirements, including being a company incorporated in India, having a minimum net worth of Rs. 100 crore, and having a track record of three years in the financial sector. However, there is no requirement for the entity to have a foreign shareholding of less than 49%. In fact, the guidelines issued by the Reserve Bank of India (RBI) in 2014 allow up to 74% foreign shareholding in a payment bank. Hence, option D is incorrect.
Budding is most commonly done when there is
Growing of two or more crops simultaneously on the same piece of land, without any definite row arrangement is known as
‘The law of limiting factors’ was proposed by
Psychology is the science of
The sodium absorption rate (SAR) of water considered suitable for irrigation is?
Gossypol toxin is produced in
Indian Dwarf wheat is
Which one of the following stage present in meiotic cell division but not in mitotic cell Division?
Cultivation of such crop which have different natural habit and zero competition is known as
Lichens, the pioneer organisms that initiate ecological succession are actually a symbiotic association of
