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).
24.66% of 8640.31 + (56.06 × 14.11) ÷ 8 = ?
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
15.232 + 39.98% of 539.99 = ? × 6.99
9.89 x 4.99 + 2.01 x 49.89 = ?% of 299.69
14.2% of 7200 + 2.8% of 6400 =?
If the difference between the compound interest (compounded annually) and the simple interest accrued over two years at a rate of...
(1709.87 ÷ 38.09) + (768.11 ÷ 23.87) + (6599.81 ÷ 88.06) = ?
?% of 549.83 – 18.05 × 31.96 = 44.94% of 479.84 – 13.98 × 33.13
What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)...
√1024.21 × √624.89 ÷ 4.98 + 11.99 × 4.01 = ?
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