1. Mobile telephone companies and supermarket chains that are owned and controlled by residents are eligible to be promoters of Payment Banks. |
2. Payment Banks can issue both credit cards and debit cards. |
3. Payment Banks cannot undertake lending activities. |
A) 1 and 2 only
B) 1 and 3 only
C) 2 only
D) 1, 2 and 3
Correct Answer: B
Solution :
(i) They can enable transfers and remittance through mobile phones. The RBI guidelines say that the payments bank cannot undertake lending activities. (ii) Mobile phone companies and supermarket eligible. But, Payment banks can't issue credit card or give loans. Go by eliminating all options with ?2?, and you're left with 1 and 3 only.You need to login to perform this action.
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