Payment banks: Functions - General Economics & Indian Economy

Q.  Which of the following statements is/are correct?
     
1.Non resident Indians will be allowed to open accounts in payment banks.
2. Payment banks can issue credit cards.
- Published on 01 Aug 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: None
 
Non resident Indians will not be allowed to open accounts in payment banks.Payment banks can issue ATM/debit cards but not credit cards.

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