Get Started
407

Q:

Which among the following activities are not permited to payments banks?

  • 1
    Remittance services
  • 2
    Issuing ATM Cards
  • 3
    Issuing cfredit coards
  • 4
    Accepting demand depostis
  • Show Answer
  • Workspace

Answer : 3. "Issuing cfredit coards"
Explanation :

Activities That Cannot Be Undertaken By Payment BanksPayment banks cannot issue credit cards. It cannot accept time deposits or NRI deposits. It cannot issue loans. It cannot set up subsidiaries to undertake non-banking financial activities.

The Most Comprehensive Exam Preparation Platform

Get the Examsbook Prep App Today