Which of the following activities cannot be undertaken by a Payments Bank?

Related MCQs

• Reserve Bank means the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, _________.
• A cheque has been deposited by a customer with his bank for collection. The bank allows overdraft against the security thereof. The bank becomes
• The Reserve Bank of India is given the responsibility of regulating and supervising the _________ under Reserve Bank of India Act, 1934.
• Regional rural bank means a regional rural bank established under section 3 of the Regional Rural Banks Act, __________.
• Under what section of the Banking Regulation Act, 1949 the payments banks are licensed?
• . _________ paid at closing can reduce the interest rate used to determine the monthly payments on a mortgage.
• Which of the following is/are false about Dishonour of Cheque? A) Section 138 defines Dishonour of cheque for insufficiency, etc., of funds in the account. B) Such cheque has been presented to the bank within a period of twelve months from the date on which it is drawn or within the period of its validity, whichever is earlier C) Imprisonment for such offence may be extended for period of five year D) Section 138 apply unless – the drawer of such cheque fails to make the payment of the said amount of money to the payee or, as the case may be, to the holder in due course of the cheque, within fifteen days of the receipt of the said notice.
• When financial institutions and banks undertake activities related to banking like investment, issue of debit and credit card etc then it is known as _____________________.
• Which of the following is/are true about bill of exchange? A) A bill of exchange requires in its inception two parties. B) A bill of exchange or “draft” is a written order by the drawer to the drawee to pay money to the payee. C) Bills of exchange are used primarily in international trade, and are written orders by one person to his bank to pay the bearer a specific sum on a specific date. D) Definition of ‘Bill of Exchange’ is mentioned in Section 6 of the Negotiable Instrument Act.
• Which of the following Committee recommended to form a new category of Bank Called Payment Banks?