Consider the following statements about the Aadhar Pay Service: 1. It will enable people to make and receive payments using their Aadhaar number and biometrics. 2. People can use the service even if they do not have debit cards, mobile wallets, and mobile phones. Which of the above statements is/are correct?

Consider the following statements regarding .e-RUPI prepaid digital vouchers: 1. The maximum amount of e-RUPI is rupees one lakh. 2. Beneficiaries can receive e-RUPI without having a bank account. 3.…

With reference to Central Bank digital currencies, consider the following statements : 1. It is possible to make payments in a digital currency without using US dollar or SWIFT system. 2. A digital c…

With reference to ‘Water Credit’, consider the following statements: 1. It puts microfinance tools to work in the water and sanitation sector. 2. It is a global initiative launched under the aegis of…

Consider the following statements: 1. Capital Adequacy Ratio (CAR) is the amount that banks have to maintain in the form of their own funds to offset any loss that banks incur if the account-holders…

Consider the following statements : 1. New Development Bank has been set up by APEC. 2. The headquarter of New Development Bank is in Shanghai. Which of the statements given above is/are correct?