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    Question

    Identify the correct statement about Payment Banks

    >          I. Capital Requirement is 300 Cr           II. Only 4 payment banks included in 2 nd schedule of RBI act 1934           III. They can act as I nvestment Banker
    A Only I Correct Answer Incorrect Answer
    B II & III Correct Answer Incorrect Answer
    C I & III only Correct Answer Incorrect Answer
    D I & II Only Correct Answer Incorrect Answer
    E All are correct Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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