UPMSP Vocational Banking Practice Questions - Uttar Pradesh UPMSP Intermediate (Class 12) Vocational Banking - Subject Code 223 Exam

Which of the following activities is strictly PROHIBITED for Payment Banks under RBI licensing guidelines?

Accepting demand deposits up to specified limits Issuing debit cards Issuing credit cards and lending money Offering utility bill payment services

Correct Answer:

Issuing credit cards and lending money

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