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    Question

    RBI recently licensed which of the following PPI(Prepaid

    payment instruments) for the cash withdrawal facility?
    A Mastercard Correct Answer Incorrect Answer
    B Debit Card Correct Answer Incorrect Answer
    C Omnicard Correct Answer Incorrect Answer
    D Gift card Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    OmniCard is the RBI’s first licensed PPI (prepaid payment instrument) to launch cash withdrawal using a RuPay-powered card in which users can withdraw cash from any ATM at their convenience with full security from frauds like card theft, card cloning, and PIN skimming.

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