Banking Awareness

Static GK (RBI Grade B)

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Payment banks are not allowed to 1) Give loans 2) Issue credit cards 3) Accept Deposit

1 only

2 only

Both 1 and 2

1, 2 and 3

None of these

Explanation:

Payment banks are allowed to accept demand deposits and issue debit cards and can also distribute non risk sharing financial products like mutual funds and insurance products but prohibited from giving loans and issuing credit cards.

By: santosh

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