UPSC Civil Services Prelims 2016
Question 8 of 46Indian Economy
With reference to ‘payment banks’, consider the following statements: 1. They can issue both debit cards and credit cards. 2. They can accept demand deposits. 3. They can undertake lending activities. Which of the statements given above is/are correct?
A1 and 2 only
B1 and 3 only
C2 only
D2 and 3 only
Correct Answer
The correct answer is hidden
Explanation
11 words hidden ... and provide payments/remittance services. They can issue ATM/debit cards but not credit cards. They are also not ... 11 words hidden