MCQOPTIONS
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| 1. |
Which among the following is incorrect with respect to Payment Banks and Small Finance Banks in India? |
| A. | Payments Banks can accept deposits but have to keep the customer balance below one lakh rupees, whereas there is no such restriction on the Small Finance Banks. |
| B. | Payments Banks cannot give loans or issue credit cards whereas Small Finance Banks can. |
| C. | Mobile Companies and Supermarket Chains owned and controlled by residents are allowed to become eligible promoters for Payments Banks but this is not true for Small Finance Banks. |
| D. | Payments Banks cannot sell mutual funds, insurance and pension funds but Small Finance Banks can. |
| Answer» E. | |