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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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