question_answer

Consider the following statements regarding payments bank.

I. They can issue ATM/debit cards.

II. FDI of 74% is allowed in payment banks.

III. In August 2011, RBI gave nod to 11 entities to start Payment Bank.

Which of the above statements is/are correct?

A)  Only III          

B)  I and II

C)  II and III                      

D)  All of these

E)  None of these