Question
The First White Label ATM was set up by
Solution
The Reserve Bank has issued ‘certificate of authorisation’ to four non-bank entities, including Tata Communications Payment Solutions and Muthoot Finance, to set up White Label ATMs (WLAs) in the country. The other two non-bank entities to which the Reserve Bank has issued the certificate for setting up and operating the White Label ATMs are Prizm Payment Services and Vakrangee Ltd.
The ratio of A's age to B's age after 18 years will be 5:6. Seven years ago, the ratio of their ages was 5:7. Find the present average age of A and B.
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