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.
Which of the following Articles of the Indian Constitution deals with the relationship between the Prime Minister and the President?
An International Museum Expo was organized in May in New Delhi to celebrate the 47th International Museum Day. What was the theme of the International M...
Which of the following river basins is the most populated in the world?
Some students are standing in a row. Varsha is 10th from the right and 6th from the left. Later, the total students became 20. How many new students joi...
Which of the following was the main cause of the decline of the Gupta empire ?
Identify the third germinal layer found in triploblastic animals.
Which of the following statements is true?
Statement I: Indian techniques such as Rasa and Bhawa in classical dances have their origins in Bharat...
By the time the child becomes two years old, he/she can
The best example of the extinction of species due to man's intervention is _______.
In 2015, the eminent danseuse and ______________ exponent, Padma Subrahmanyam was selected for Kerala's prestigious choreography award 'Nishagandhi Pura...