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      Question

      Which of the following type of banks are not allowed to

      give loans?
      A Rural Cooperative Bank Correct Answer Incorrect Answer
      B Urban Cooperative Banks Correct Answer Incorrect Answer
      C Local Area Bank Correct Answer Incorrect Answer
      D Regional Rural Bank Correct Answer Incorrect Answer
      E Payment Bank Correct Answer Incorrect Answer

      Solution

      Solution: Payment Bank licences are granted by RBI to make basic banking facilities available to unbanked/Under-banked section of the population. Payment banks can accept deposits of upto Rs 1 lakh and can do remittance. They are not allowed to give any kind of loans.  

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