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    Question

     The Payment Banks in India cannot?

    A Borrow Correct Answer Incorrect Answer
    B Lend Correct Answer Incorrect Answer
    C Accept deposits Correct Answer Incorrect Answer
    D All of these Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Payments banks is an Indian new model of banks conceptualized by the Reserve Bank of India. These banks can accept a restricted deposit, which is currently limited to ₹200,000 per customer. These banks cannot issue loans and credit cards. 

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