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The establishment of “Payment Banks’ is being allowed in India to promote financial inclusion. Which of the following statements is/are correct in this context?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.Select the correct answer using the code given below:a)1 and 2 onlyb)1 and 3 onlyc)2 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The establishment of “Payment Banks’ is being allowed in India to promote financial inclusion. Which of the following statements is/are correct in this context?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.Select the correct answer using the code given below:a)1 and 2 onlyb)1 and 3 onlyc)2 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The establishment of “Payment Banks’ is being allowed in India to promote financial inclusion. Which of the following statements is/are correct in this context?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.Select the correct answer using the code given below:a)1 and 2 onlyb)1 and 3 onlyc)2 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?.

Solutions for The establishment of “Payment Banks’ is being allowed in India to promote financial inclusion. Which of the following statements is/are correct in this context?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.Select the correct answer using the code given below:a)1 and 2 onlyb)1 and 3 onlyc)2 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of The establishment of “Payment Banks’ is being allowed in India to promote financial inclusion. Which of the following statements is/are correct in this context?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.Select the correct answer using the code given below:a)1 and 2 onlyb)1 and 3 onlyc)2 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of The establishment of “Payment Banks’ is being allowed in India to promote financial inclusion. Which of the following statements is/are correct in this context?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.Select the correct answer using the code given below:a)1 and 2 onlyb)1 and 3 onlyc)2 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?, a detailed solution for The establishment of “Payment Banks’ is being allowed in India to promote financial inclusion. Which of the following statements is/are correct in this context?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.Select the correct answer using the code given below:a)1 and 2 onlyb)1 and 3 onlyc)2 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of The establishment of “Payment Banks’ is being allowed in India to promote financial inclusion. Which of the following statements is/are correct in this context?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.Select the correct answer using the code given below:a)1 and 2 onlyb)1 and 3 onlyc)2 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice The establishment of “Payment Banks’ is being allowed in India to promote financial inclusion. Which of the following statements is/are correct in this context?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.Select the correct answer using the code given below:a)1 and 2 onlyb)1 and 3 onlyc)2 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.