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).
A basket contains (x + 4) red apples, (x + 6) green apples, and (x + 8) yellow apples. The probability of drawing a yellow apple from the basket is (7/2...
10 rotten bananas are accidentally mixed with 140 good ones. It is not possible to just look at a banana and tell whether or not it is rotten. One banan...
In a box, there are 6 red balls, 8 green balls, and 10 blue balls. If one ball is drawn at random, what is the probability that the ball drawn is either...
- The probability that Kunal passes an exam is (5/11) and the probability that Tanya fails is (3/7). If both write the exam, what is the probability that the...
- There are 7 blue and 3 white balls in a basket. Two balls are drawn randomly. Find the probability that both the balls are white.
All the sides of a 3-inch solid cube are painted. The cube is then cut into cubes of equal size to 1 inch each. If a cube is chosen at random, what is t...
Karan has a 65% chance of being admitted to school L and a 55% chance at school M. His preferences are 'L', then 'M', and lastly 'N'. Assuming Karan get...
In a group of artists, there are 10 dancers and 8 singers. If four artists are to be selected at random, what is the probability that 2 dancers and 2 si...
In a lottery, there are 4 prizes and 20 blanks. A lottery is drawn at random. What is the probability of getting a prize?
A box holds 8 green balls, 7 blue balls, and 5 yellow balls. Three balls are picked randomly. What is the probability that at least two balls are blue?