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.
Ms. Hema invests Rs. 8000 for six months at 20% per annum compounded quarterly. The total amount she gets after 6 months is :
The lateral surface area of a cube is 144 cm . The length of a cuboid is 50% more than the side of the cube. The breadth of the cuboid is 5 cm less than...
The ratio of length to breadth to height of a cuboidal box is 6:5:4. If the total surface area of the cuboid is 1,392 cm², then ...
A Sales Executive gets a commission on total sales at 10%. If the sale is exceeded Rs.15,000 he gets an additional commission as a bonus of 5% on the ex...
If a student scores 35% marks, then he is failed by 60 marks but he scores 48% marks he is passed by 96 marks. Find the passing percentage?
If 3 vertices of a parallelogram ABCD are A (1, 2, 3), B (-1, -2, -1) and C (2, 3, 2) (taken in order), then the 4th vertex D isÂ
The base of a solid right prism is a triangle whose sides are 20cm, 21cm and 29cm. the height of the prism is 6 cm then the total surface area of the pr...
Perimeter of a square field is 100 meters and the area of a rectangular field is 60% more than that of the square field. Find the area (in m2...
‘A’ invested Rs. 4680 for ‘x’ months while ‘B’ invested Rs. 780 less amount than ‘A’ for (x + 5) months....
The volume of a hemisphere is 2425 (1/ 2) cm3. Find its diameter (Take p = 22/7)