Which of the following statements about the India Post Payments Bank IPPB is are correct 1 It has be...........

Indian Economy (CDS) Money and banking

Download Solution PDF

Which of the following statements about the India Post Payments Bank (IPPB) is/are correct?

1. It has been incorporated as a Public Limited Company.

2. It started its operation by establishing two pilot branches at Hyderabad and Varanasi.

Select the correct answer using the code given below.

1 only

2 only

Both 1 and 2

Neither 1 nor 2

छोटे Courses बड़े Results

Master Money and banking

Prepare through Micro-courses

Try Now

Explanation:

October 2017: A press release from the Ministry of External Affairs (MEA) noted that the consignment would be the first to use the new route via Chabahar (Iran) to access Afghanistan, even as India plans similar transfers in the coming months. The shipment of wheat is a landmark moment as it will pave the way for operationalisation of the Chabahar port as an alternative, reliable and robust connectivity for Afghanistan. It will open up new opportunities for trade and transit from and to Afghanistan and enhance trade and commerce between the three countries (India, Iran and Afghanistan) and the wider region.