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Infibeam Avenues, which operates CCAvenue, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA), The payment aggregators had to apply with the apex bank and were expected to show a net worth of how many crores?
  • a)
    10 Cr
  • b)
    15 Cr
  • c)
    25 Cr
  • d)
    20 Cr
  • e)
    30 Cr
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Infibeam Avenues, which operates CCAvenue, has received in-principle a...
  • Infibeam Avenues, which operates CCAvenue, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA). The company said this will enable them to further expand their reach in multiple business segments for both online and offline digital transactions.
  • PAs are entities that facilitate e-commerce sites and merchants to accept various payment instruments from customers for the completion of their payment obligations without the need for merchants to create a separate payment integration system of their own. The payment aggregators had to apply with the apex bank and were expected to show a net worth of INR 15 Cr on the date of their application (or as of FY21). The limit will be increased to INR 25 Cr by the end of FY23.
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Directions: The following question is based on the given set of conditions. Choose the response that most accurately and completely answers the question.A BPO has assigned duty to nine operators - Abdulla, Ballal, Chandan, Dogra, Eshita, Falguni, Ganguli, Henri and Indra - on Monday, January 05, 2009 from 00:00 hours. Each operator commences duty at any of the following hours: 00:00 hrs, 04:00 hrs, 08:00 hrs, 12:00 hrs, 16:00 hrs and 20:00 hrs. At any point in time, at least one operator is required, to take clients' calls. Each operator works continuously for eight hours. All operators located at any single location start work simultaneously. The operators took training in five different colleges - Abhiman College, Sutanama College, Gutakal College, Barala College and Khatanama College. These colleges are located in the cities of Jamshedpur, Pune, Noida, Hyderabad and Mangalore, not necessarily in that order. The operators operate from the cities where their respective colleges are located.Indra operates alone from a city other than Mangalore and Jamshedpur. Operator(s) trained in Abhiman College will start working at 12:00 hrs. Only Dogra and Falguni operate from Pune, but they are not trained in Gutakal College. Three of the operators took training from Sutanama College, and they operate from Noida. The operator(s) from Jamshedpur will start working at 0:00 hrs. Abdulla and Henri operate together as a two-member team from a single location. They do not operate from Mangalore. No operator(s) will join at 20:00 hrs. Ballal, who alone operates from his location, was not trained in Barala College and will commence his duty four hours after the operator(s) trained in Gutakal College. The operator(s) trained in Barala College operate from Hyderabad. The number of operators trained in Khatanama College is same as the number of operators trained in Barala College.If five operators are working between 16:00 hrs and 20:00 hrs, then which of the following must be true?

Infibeam Avenues, which operates CCAvenue, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA), The payment aggregators had to apply with the apex bank and were expected to show a net worth of how many crores?a)10 Crb)15 Crc)25 Crd)20 Cre)30 CrCorrect answer is option 'B'. Can you explain this answer?
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Infibeam Avenues, which operates CCAvenue, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA), The payment aggregators had to apply with the apex bank and were expected to show a net worth of how many crores?a)10 Crb)15 Crc)25 Crd)20 Cre)30 CrCorrect answer is option 'B'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Infibeam Avenues, which operates CCAvenue, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA), The payment aggregators had to apply with the apex bank and were expected to show a net worth of how many crores?a)10 Crb)15 Crc)25 Crd)20 Cre)30 CrCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Infibeam Avenues, which operates CCAvenue, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA), The payment aggregators had to apply with the apex bank and were expected to show a net worth of how many crores?a)10 Crb)15 Crc)25 Crd)20 Cre)30 CrCorrect answer is option 'B'. Can you explain this answer?.
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