Which of the following is not true about Payments Bank?
A. Payments bank can issue ATM/debit cards but not credit cards
B. Initial capital required for a Payments Bank is Rs. 100 crore
C. Payments Bank must maintain Cash Reserve Ration (CRR) as decided by RBI
D. Payments Bank can give a loan of up to only Rs. 1 lakh
Answer: Option D
This Question Belongs to Commerce >> Banking And Financial Institutions
A. 1, 2 and 3
B. 2, 3 and 4
C. 1, 2 and 4
D. 1, 2, 3 and 4
The coverage of Right to Information Act (RTI), 2005 is:
A. Whole of India
B. Whole of India, except North Eastern States
C. Whole of India, except the State of Jammu & Kashmir
D. None of the above
Second generation reforms in our country do not comprise of which one of the following?
A. Exploiting the knowledge based global economy
B. Growing Indian transnational corporations
C. Population control measures
D. Clean environment
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