Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Banking and Financial Awareness Basic Banking Concepts
Consider the following statements
1. Payments Banks can accept demand deposits.
2. Payments Banks initially restricted to holding a maximum balance of Rs. 100000 per customer.
3. Credit lending is allowed for Payments banks.
Which of the above systems is/are correct?
1
1
2
1 and 2
3
2 and 3
4
All are correct.