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.
Select the most appropriate option to substitute the Bold segment in the given sentence. If there is no need to substitute it, select ‘No substitutio...
Select the option that can be used as a one-word substitute for the given group of words.
 A herd or flock of animals being driven in a body
Select the ANTONYM of the given word.
FINITE
Give a single word that substitutes for the following expression:
A speech delivered without prior preparation
Select the option that can be used as a one-word substitute for the given group of words.
Many fish swimming together
In order to save money for her upcoming trip, she decided to scrimp on groceries by buying only the bare essentials and cooking all her meals at home. ...
Unanimously
Select the option that can be used as a one-word-substitute for the given group of words.
A person who studies insects:Â Â Â Â Â Â Â
...Select the option that can be used as a one-word substitute for the given group of words.
Words written on a tombstone in the memory of the pe...
Select the most appropriate option to substitute the highlighted segment. If no substitution is required select 'No substitution'.
When I was pas...
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