Question
Which of the following statement is not correct about
Payments Bank?Solution
Payments bank is a new model of banks conceptualized by the Reserve Bank of India (RBI). These banks can accept a restricted deposit, which is currently limited to ₹2 lakh per customer. These banks may not issue loans or credit cards, but may offer both current and savings accounts. Payments banks may issue ATM and debit cards, and offer net-banking and mobile-banking. The draft guidelines for licensing of payments banks in the private sector were formulated and released for public comments on 17 July 2014. The banks will be licensed as payments banks under Section 22 of the Banking Regulation Act, 1949, and will be registered as public limited company under the Companies Act, 2013.
Mohit walks 120 m towards south then turning to his right he walks 120 m then turning to his left, he walks 90 m. Again, he turns to his left and walks ...
Select the numbers from among the given options that can replace the question marks (?) in the following series.
8, 9, 5, 16, 27, 25, 32, 81, 125...
Select the word-pair that best represents a similar relationship to the one expressed in the pairs of words given below.
(The words must be consi...
Select the combination of letters that, when sequentially places in the gaps of the given letter series will complete the series.
E_ I _ _ EL _ _...
In the following figure, the triangle represents ‘carpenters’, the circle represents ‘black-smiths’, and the rectangle represents ‘fishermen�...
Four letter-clusters have been given, out of which three are alike in some manner and one is different. Select the one that is different. The odd one ou...
The following figures show the sequence of folding a transparent sheet of paper and the method of cutting the folded paper. What will this paper look li...
If A means '–', G means '×' D means '÷' E means '+', then what will come in place of the question mark (?) in the following equation?
18 E 27...
Statements:
Some seeds are fruits.
Some fruits are jams.
All jams are desserts.
Conclusions:
I. Some jams are see...