BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ATM card
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Debit card
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Credit card
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All of the above
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Detailed explanation-1: -Payment banks cannot issue credit cards. It cannot accept time deposits or NRI deposits. It cannot issue loans. It cannot set up subsidiaries to undertake non-banking financial activities.
Detailed explanation-2: -Notes: Payment banks can issue ATM/debit cards but not credit cards.
Detailed explanation-3: -No, small finance banks cannot issue credit cards but they are allowed to issue debit cards.
Detailed explanation-4: -In simple words, it can carry out most banking operations but can’t advance loans or issue credit cards. It can accept demand deposits (up to Rs 1 lakh), offer remittance services, mobile payments/transfers/purchases and other banking services like ATM/debit cards, net banking and third party fund transfers.
Detailed explanation-5: -Rewards credit cards. Secured credit cards. Low-interest credit cards. Cashback credit cards.