With reference to payment banks consider the following statements 1 The payment banks...........

Economic Affairs Financial Inclusion

With reference to payment banks, consider the following statements:

1. The payment banks cannot undertake lending activities.

2. Payment banks can issue debit and credit cards.

Which of the statements given above is/are correct?

1 only

2 only

Both 1 & 2

Neither 1 nor 2

2nd statement is incorrect, payment banks can take undertake lending activities.

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