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. To receive e-RUPI on mobile phones, beneficiaries need a smart phone with Internet connection. Which of the statements given above is/are correct?

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…

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…

With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements : 1. They cannot engage in the acquisition of securities issued by the government. 2. They ca…

Consider the following statements: 1. National Payment Corporation of India (NPCI) helps in promoting financial inclusion in the country. 2. NPCI has launched RuPay, a card payment scheme. Which of t…

Consider the following statements: 1. A rupee Vostro account is an account that an Indian bank holds for a foreign bank in the domestic currency (rupee) to enable domestic banks to provide internatio…