Payment Banks

11. Which payment bank is associated with India Post?

a) Airtel Payments Bank

b) Paytm Payments Bank

c) Fino Payments Bank

d) India Post Payments Bank

12. Payment banks cannot issue which of the following?

a) Credit cards

b) Debit cards

c) Prepaid cards

d) Virtual cards

13. Which of the following is a key objective of payment banks in India?

a) Financial inclusion

b) Maximizing profits

c) Expanding shareholder value

d) Providing advanced banking services

14. Payment banks are required to maintain KYC records for how long?

a) 2 years

b) 5 years

c) 7 years

d) 10 years

15. Which of the following is a disadvantage of payment banks?

a) Limited deposit limit

b) Restricted services

c) No access to ATM services

d) Higher fees and charges