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47 - Payment Systems
1
2
3
4
5
1.
What is e-payment?
Electronic payment for buying and selling through the Internet
Payment of online software
Payment of online services
None of the above
2.
Which among the following activities are not permitted to payments banks?
Remittance services
Issuing ATM cards
Issuing credit cards
Accepting demand deposits
3.
What is the maximum amount of loan can be extended by payments banks?
25000
50000
100000
No lending power
4.
What is the maximum amount of balance can be maintained an individual in payments bank?
1,50,000
2,00,000
50,000
25,000
5.
Which committee mooted the idea of payments banks?
Bimal Jalan Committee
Nachiket Mor Committee
P J Nayak Committee
YV Reddy Committee
Submit Test
These questions are part of Banking Awareness - 2025-26 course in GKToday's Android Application. The Course comprises 2400+MCQs on Banking & General Financial Awareness with explanation for All Banking Exams of 2025-26 such as IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking Examinations.
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