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      Question

      Following its membership in CPS, Pay Point India was

      assigned its own IFSC code, enabling it to maintain which types of accounts directly with the RBI?
      A Savings account and current account Correct Answer Incorrect Answer
      B Current account and settlement account Correct Answer Incorrect Answer
      C Fixed deposit account and current account Correct Answer Incorrect Answer
      D Settlement account and savings account Correct Answer Incorrect Answer
      E NRE account and current account Correct Answer Incorrect Answer

      Solution

      The fintech firm has been assigned its own IFSC code, which enables the company to maintain both a current account and a settlement account directly with the RBI.

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