Banking General Awareness Origin and Development of Banking in India Question Bank Practice Questions - Development Banks

  • question_answer
    Which of the following statements is/are correct about Indian Postal payment Bank?
    (i) It is a Public Limited Company under the Department of Posts with 100% GOI equity.
    (ii) It offers demand deposits such as savings and current accounts up to a balance of Rs. 1 Lakh.

    A)  i only                          

    B)  ii only

    C)  Both i and ii                 

    D)  None of these

    Correct Answer: D


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