Question
Payments Infrastructure Development Fund (PIDF) scheme
was recently in news, consider the following statements with reference to PIDF: 1. It aimed at encouraging deployment of more digital payments infrastructure across tier-3 to tier-6 centres. 2. The fund will be used to subsidize scheduled commercial banks only. 3. The fund has a corpus of 1000 crores. Which of the statements given above is/are correct?Solution
• Statement 1 is correct: Payments Infrastructure Development Fund (PIDF) scheme of RBI aimed at encouraging deployment of more digital payments infrastructure across tier-3 to tier-6 centres. • Statement 2 is incorrect: The fund will be used to subsidize banks and non-banks for deploying payment infrastructure like PoS machines etc, which will be contingent upon specific targets being achieved • Statement 3 is incorrect: PIDF presently has a corpus of ₹ 345 crore (₹ 250 crore contributed by RBI and ₹ 95 crore by the major authorised card networks in the country).
P and Q can complete a work in 28 days and 42 days, respectively. P, Q and R together can complete the work in 14 days. If R get a total wage of Rs. 546...
12 children and 18 men complete an artwork in 9 days. Each child takes twice as long as a man to finish the artwork. How many days will it take for 18 m...
A, B and C can do a piece of work in 5, 8 and 10 days respectively. They start working together but C leaves after working 1 days and B, 2 days before t...
25 men can complete a piece of work in 13 days. One man starts the work and after every day one more man joins the work and this continues till the work...
Working alone, B can complete the work in 30 days. C is twice as efficient as B and A takes 20 days more than it takes C to complete the work. Working t...
A can complete a work in 40 days. B takes 20 days less than A to complete the same work. In how many days can both of them together complete 60% of the ...
(x) men can do some work in 42 days. If 10 more men added then the work would have been completed in 30 days, then in how many days (x+45) men can do th...
A and B together can do a piece of work in (p-8.8) days.The efficiency of D is 10% less than the efficiency of B. A and C together can do the same piece...
- A contractor is hired to complete a road in 40 days and initially employs 40 workers. After 24 days, he realizes that only one-third of the work has been c...
- A pipe can fill a tank in 20 hours, and B pipe can drain a tank in 15 hours. If a system of N pipes (fill pipes and drain pipes put together) can fill the ...
Relevant for Exams:
