Question
Which of the following type of banks are not allowed to give loans?
Solution
Payment Bank licences are granted by RBI to make basic banking facilities available to unbanked/Under-banked section of the population. Payment banks can accept deposits of upto Rs 1 lakh and can do remittance. They are not allowed to give any kind of loans.Â
More Economy and Banking and Finance Static Concepts Questions
- ISRO signed a technology transfer agreement with HAL for production of which launch vehicle?Â
- Where are the headquarters of the Reserve Bank of India?
- Which of the following is true about role of Banks ? I. It encourages savings habit amongst people and thereby makes funds available for productive use. ...
- ‘IMPS’ is a new term being used in banking sector. Its full form is –Â
- Which of the following Bank was not nationalized in the First Phase of Nationalization of Banks?
- NHB RESIDEX is the contries first official housing price index. In this reference, clock which is correct? I. HPI@ mark price is based on actual market inf...
- Stale cheque is a ___.
- Who is the chairman of the State Bank of India?
- Axis Bank has its Head office in __________ and Registered office in _________ .
- For which of the following reasons, NABARD has set up joint liability groups (JLG) of farmers?
Relevant for Exams:
