Payment Banks can not issue ________ A. Credit Card B. Debit Card C. loans D. Both (B) and (C) E. Both (A) and (C)

Payment Banks can not issue ________ A. Credit Card B. Debit Card C. loans D. Both (B) and (C) E. Both (A) and (C)
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E. Both (A) and (C) Explanation: Payment banks cannot issue loans and credit cards while at the same time current account and savings accounts can be operated by such banks.
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Banks issue a letter to beneficiary on behalf of its constituents like guarantee for making payment on their behalf on fulfilment of its terms and conditions. What is this arrangement known in banking context? A. Line of Credit B. Loan to Client C. Loan on Credit D. Letter of Credit

Description : Banks issue a letter to beneficiary on behalf of its constituents like guarantee for making payment on their behalf on fulfilment of its terms and conditions. What is this arrangement known in banking context? A. Line of Credit B. Loan to Client C. Loan on Credit D. Letter of Credit

Last Answer : D. Letter of Credit Explanation: A letter issued by a bank to another bank (especially one in a different country) to serve as a guarantee for payments made to a specified person under specified conditions.

Which of the following services can be offered by Payment Banks? A. Debit Cards B. Online Banking C. Mobile Banking D. All of the Above E. None of the Above

Description : Which of the following services can be offered by Payment Banks? A. Debit Cards B. Online Banking C. Mobile Banking D. All of the Above E. None of the Above

Last Answer : D. All of the Above Explanation: Payments banks can issue services like ATM cards, debit cards online banking and mobile banking.

Which one is not online payment mode? a) Cash on delivery b) Debit card c) Credit card d) E-cheque

Description : Which one is not online payment mode? a) Cash on delivery b) Debit card c) Credit card d) E-cheque

Last Answer : d) E-cheque

Which one is not an E-payment method used in India a) Debit card b) Credit card c) E-cheque d) None of the above

Description : Which one is not an E-payment method used in India a) Debit card b) Credit card c) E-cheque d) None of the above

Last Answer : d) None of the above

which one is not an E‐payment method used in India a. Debit card b. Credit card c. e‐cheque d. none

Description : which one is not an E‐payment method used in India a. Debit card b. Credit card c. e‐cheque d. none

Last Answer : d. none

Which one is not an online payment mode? a. Cash on delivery b. Debit card c. Credit card d. e‐cheque

Description : Which one is not an online payment mode? a. Cash on delivery b. Debit card c. Credit card d. e‐cheque

Last Answer : a. Cash on delivery

The E‐payment mechanism widely used in B2B is a. Credit card b. Debit card c. Master card d. E‐cheque

Description : The E‐payment mechanism widely used in B2B is a. Credit card b. Debit card c. Master card d. E‐cheque

Last Answer : d. E‐cheque

Why do banks care if you use debit or credit when paying with your bank card?

Description : Why do banks care if you use debit or credit when paying with your bank card?

Last Answer : The law protects you if you use a credit card for purchases. You are not liable in case of fraud, etc. The bank must pay or go after the company, and you have limited liability. With a debit ... like gasoline or groceries. Instead, use your debit card to pay bills you are sure you owe, etc.

In Electronic cash payment a. a debit card payment system is used b. a customer buys several electronic coins which are digitally signed by coin issuing bank c. a credit card payment system is used d. RSA cryptography is used in the transactions

Description : In Electronic cash payment a. a debit card payment system is used b. a customer buys several electronic coins which are digitally signed by coin issuing bank c. a credit card payment system is used d. RSA cryptography is used in the transactions 

Last Answer : b. a customer buys several electronic coins which are digitally signed by coin issuing bank 

Which of the following is not the function of commercial banks? (a) Issue of paper notes. (b) Credit control. © Acceptance of deposits (d) Advancing loans.

Description : Which of the following is not the function of commercial banks? (a) Issue of paper notes. (b) Credit control. © Acceptance of deposits (d) Advancing loans.

Last Answer : (a) Issue of paper notes.

Which of the following types of cards is free from credit risk? A. Credit card B. Debit Card C. Prepaid Cards D. Charge Cards E. Both (C) and (D)

Description : Which of the following types of cards is free from credit risk? A. Credit card B. Debit Card C. Prepaid Cards D. Charge Cards E. Both (C) and (D)

Last Answer : B. Debit Card Explanation: A debit card a safe, convenient, risk-free alternative to cash and has no credit risks attached.

To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of India under ________ A. Payment and Settlement Systems (PSS) Act 2007. B. Foreign Exchange Management Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Description : To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of India under ________ A. Payment and Settlement Systems (PSS) Act 2007. B. Foreign ... Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Last Answer : A. Payment and Settlement Systems (PSS) Act 2007. Explanation: To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of ... PSS) Act 2007. Bharat Bill Payment Operating Units (BBPOUs) will be the authorised operational units.

In UPI, we can Send money to any bank account through mobile without entering ____________ A. debit/credit card details B. net banking/wallet password C. receiver‘s account number. D. All of the Above E. None of the Above.

Description : In UPI, we can Send money to any bank account through mobile without entering ____________ A. debit/credit card details B. net banking/wallet password C. receiver‘s account number. D. All of the Above E. None of the Above.

Last Answer : D. All of the Above Explanation: Send money up to Rs 1 lakh to any bank account through the mobile without entering debit/credit card details, net banking/wallet password or even knowing the receiver‘s account number.

A) PayUmoney Explanation: It can allow even the smallest of merchants to start accepting card based payments. It can accept all credit/debit cards. The POS terminal is easy to set up, can be operated using a pre- or post-paid SIM, and does away with the use of paper receipts—making it cost & battery effective, and, of course, very environment friendly. With a simple and hassle-free documentation policy, a merchant can start using a PayUmoney POS terminal within 48 hours of signing up for the service.

Description : A) PayUmoney Explanation: It can allow even the smallest of merchants to start accepting card based payments. It can accept all credit/debit cards. The POS terminal is easy to set up, can be ... , a merchant can start using a PayUmoney POS terminal within 48 hours of signing up for the service.

Last Answer : Which of the following company launched “Receive and Win” campaign for Ramzan? A) Mobikwik B) Freecharge C) Paytm D) MoneyGram E) Udio

What is difference between banks & HFCs? A. HFCs cannot accept demand deposits B. It cannot issue cheques drawn on itself C. deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of HFCs D. All of the Above E. None of the Above

Description : What is difference between banks & HFCs? A. HFCs cannot accept demand deposits B. It cannot issue cheques drawn on itself C. deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of HFCs D. All of the Above E. None of the Above

Last Answer : D. All of the Above Explanation: HFCs are doing functions similar to banks as banks also provides housing loans. However, there are a few differences as given below: ♦ HFCs cannot accept demand ... Credit Guarantee Corporation(DICGC) is not available to depositors of HFCs, unlike in case of banks.

Will the banks start charging us for using a debit card?

Description : Will the banks start charging us for using a debit card?

Last Answer : A safe alternative is checks. Some banks give a certain number of free checks per month, and some have unlimited free checks. They may require a minimum in checking. (I just paid $1 fee yesterday for ... on Monday about and try to get them to reverse. It's new since Wachovia became Wells Fargo).

Do all banks have debit card charges?

Description : Do all banks have debit card charges?

Last Answer : I think every bank has a charge somewhere hidden in there, Chase I know has a yearly maintnence fee. Although some banks do charge a monthly fee if you do not use your card. I choose the yearly fee because even if I do not use my card for months my account is still the same price and not locked.

Do all banks charge debit card fees?

Description : Do all banks charge debit card fees?

Last Answer : There are some banks that do not charge for debit card use for things like internet shopping. To find the right bank, you would need to check with a few different ones, and see who offers the best rates.

Debit card payment (CZK) in England (GBP)

Description : Payment by debit card (CZK) in England (GBP) at Fio banka. What are the fees, is it advantageous?

Last Answer : Need Answer

Is payment through a debit card in amazon safe?

Description : Is payment through a debit card in amazon safe?

Last Answer : Using a debit or credit card online to make purchases is completely safe these days. Large sites like Amazon have set up a lot of security measures to ensure the safety of their customers and to provide ... you have an issue or a problem with the purchase, PayPal will interact and get you a refund.

Which of the following sources is not use for medium term financing? A. Issue of equity shares. B. Issue of debentures. C. Term loans from banks. D. Sale of current asset.

Description : Which of the following sources is not use for medium term financing? A. Issue of equity shares. B. Issue of debentures. C. Term loans from banks. D. Sale of current asset.

Last Answer : A. Issue of equity shares.

Premium received on issue of shares is shown on-----------. A. asset side of the balance sheet B. liability side of the balance sheet C. credit side of the P&L a/c. D. debit side of the P & L a/c

Description : Premium received on issue of shares is shown on-----------. A. asset side of the balance sheet B. liability side of the balance sheet C. credit side of the P&L a/c. D. debit side of the P & L a/c

Last Answer : B. liability side of the balance sheet

Sub-prime lending refers to ________ A. lending done by banks at rates below PLR B. Funds raised by the banks at sub-libor rates C. Group of banks which are not rated as prime banks as per Banker‘s Almanac D. lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards E. All of the Above

Description : Sub-prime lending refers to ________ A. lending done by banks at rates below PLR B. Funds raised by the banks at sub-libor rates C. Group of banks which are not rated as ... institutions including banks to customers not meeting with normally required credit appraisal standards E. All of the Above

Last Answer : D. lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards Explanation: In finance, subprime lending (also referred to ... schedule, sometimes reflecting setbacks, such as unemployment, divorce, medical emergencies, etc.

Which of the following service(s) is/are available in small finance banks? A. Providing loans B. Acceptance of deposits C. Setting up of Subsidiaries D. Both (A) and (B) E. None of the Above

Description : Which of the following service(s) is/are available in small finance banks? A. Providing loans B. Acceptance of deposits C. Setting up of Subsidiaries D. Both (A) and (B) E. None of the Above

Last Answer : D. Both (A) and (B) Explanation: Banks with a small finance bank license can provide basic banking service of acceptance of deposits and lending.

What is the name of the card which can be used by the buyers during he time of purchase and in which the amount will be immediately debited from the buyers account? a. E-Distributor b. Debit Card c. Credit Card d. Power Card

Description : What is the name of the card which can be used by the buyers during he time of purchase and in which the amount will be immediately debited from the buyers account? a. E-Distributor b. Debit Card c. Credit Card d. Power Card

Last Answer : b. Debit Card

…………………. Is a form of E - Currency that exists only in cyber space. a. ATM Card b. Credit Card c. Digital Cash d. Debit Card

Description : …………………. Is a form of E - Currency that exists only in cyber space. a. ATM Card b. Credit Card c. Digital Cash d. Debit Card

Last Answer : c. Digital Cash

The main source of long-term credit for a business unit is - (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Description : The main source of long-term credit for a business unit is - (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Last Answer : (1) sale of stocks and bonds to the public Explanation: Companies issue securities called stocks and bonds to raise necessary capital which funds the company's daily operations and growth. ... issuing stock to owners called stockholders doesn't require the company's repayment of investor principal.

The main source of long-term credit for a business unit is (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Description : The main source of long-term credit for a business unit is (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Last Answer : sale of stocks and bonds to the public

Name the US based bank which has become the first bank to issue the first ever credit card to be used in Cuba? A) American Express B) SunTrust Bank C) Citigroup D) Stonegate Bank E) Wells Fargo

Description : Name the US based bank which has become the first bank to issue the first ever credit card to be used in Cuba? A) American Express B) SunTrust Bank C) Citigroup D) Stonegate Bank E) Wells Fargo

Last Answer : D) Stonegate Bank Explanation: Pompano Beach-based Stonegate Bank issued the first of its MasterCard credit cards for use in Cuba The South Florida bank was the first – and so far the only bank to launch a debit card for use by U.S. travelers in Cuba.

Have chip-card debit credit cards been a failure in the US?

Description : Have chip-card debit credit cards been a failure in the US?

Last Answer : I have had fewer problems with chip cards than I did with cards that only had a mag strip that got scratched and unreadable. And he problems seem to be the reader, not the cards. My cards also don’t get bent or sat upon. I have a metal wallet that I carry in my front pocket.

Why are the ATM machines still busy, if people can pay with credit card, and debit card just about any store nowadays?

Description : Why are the ATM machines still busy, if people can pay with credit card, and debit card just about any store nowadays?

Last Answer : It doesn’t cost me anything to use the ATM at my bank. And sometimes I just want to pay with cash. If I’m out with friends, I pay my share with cash. At strange gas stations away from home I prefer to pay with cash. Buying a quick donut or sandwich, cash.

Who is responsible for credit card debit when someone dies?

Description : Who is responsible for credit card debit when someone dies?

Last Answer : The estate pays all debts before any inheritance is handed over.

What's better when traveling, use your credit card to get cash or use your bank debit card?

Description : What's better when traveling, use your credit card to get cash or use your bank debit card?

Last Answer : I would guess that withdrawing cash from an ATM is cheaper using a debit card than a credit card as the credit card company nomally charge you a fee on top of the higher rate of interest.

My protagonist in a second childhood novel will use his credit & debit card from his previous life. What happens later?

Description : My protagonist in a second childhood novel will use his credit & debit card from his previous life. What happens later?

Last Answer : OK, I can’t be bothered to write your novel for you unless I get a decent ghost’s pay, but here is a must. The whole thing begins to unravel when investigators of thse bogus charges made to the dead man’s credit cards track the purchases down to young Tanaka and charge him with murder.

What percentage of college students have a credit and/or debit card?

Description : What percentage of college students have a credit and/or debit card?

Last Answer : I have a check card. I can deposit money into the account and withdraw cash like a debit card, but I can also use it in stores or online like a credit card without having to type in my pin.

Does having only a debit card do absolutely nothing for establishing credit?

Description : Does having only a debit card do absolutely nothing for establishing credit?

Last Answer : It sounds like you need to get a credit card. Just pay most of the balance off every month (I think keeping a small balance is better than paying the entire balance off every month, but I'm not 100% ... . If you have a cell phone bill, rent, utilities, etc., that's another way to establish credit.

Do you sign the back of your credit/debit card?

Description : Do you sign the back of your credit/debit card?

Last Answer : No, mine say “See ID”. They usually don’t ask me at all either, so when someone does I make sure I say something like “Thanks for asking for ID” so they know and will maybe do it for other customers, too.

What's the difference between a debit and a credit card ?

Description : What's the difference between a debit and a credit card ?

Last Answer : If you use debit card you spend money from your bank account and if you use credit card you will get it as your loan so you will have to repay the loan later. The advantage of a credit card is that ... anyone, you can borrow from that. As a result, you have to pay interest on the loan to the bank.

SHOULD I REDUCE 401K DEDUCTION TO PAY CREDIT CARD DEBIT?

Description : SHOULD I REDUCE 401K DEDUCTION TO PAY CREDIT CARD DEBIT?

Last Answer : If your tax savings and 401K investment return combined are higher than your credit card debt interest, then no.

Is it true is only credit card that can be linked to paypal account? And it's not possible with debit card?

Description : Is it true is only credit card that can be linked to paypal account? And it's not possible with debit card?

Last Answer : One thing that I am sure about PayPal is the fact that they are one of the best international money transaction company that we have out there. This is to say that as a mode of operation, they ... at before deciding that it is not cool to allow users to link their debit cards to their accounts.

Can I do a credit card debit by phone to pay the premium on my flood insurance?

Description : Can I do a credit card debit by phone to pay the premium on my flood insurance?

Last Answer : That depends upon your insurance agent, but the chances are very good. Mine accepted a credit card. You should probably pay it before you get flooded, though.

Is it safe to buy things onling using a debit/credit card?

Description : Is it safe to buy things onling using a debit/credit card?

Last Answer : It is perfectly safe to by goods online using your credit card or debit card. Just make sure you check your statements regularly to ensure you are not being defrauded.

Which one is also known as plastic money? a) Credit card b) Debit card c) Paper cash d) All of the above

Description : Which one is also known as plastic money? a) Credit card b) Debit card c) Paper cash d) All of the above

Last Answer : a) Credit card

Which one is also known as plastic money? a. Credit card b. Debit card c. Paper cash d. All of the above

Description : Which one is also known as plastic money? a. Credit card b. Debit card c. Paper cash d. All of the above

Last Answer : a. Credit card

Which of the following is not the function of commercial bank? (a) Acceptance of deposits. (b) Advancing loans. © Issue of paper notes. (d) Credit control.

Description : Which of the following is not the function of commercial bank? (a) Acceptance of deposits. (b) Advancing loans. © Issue of paper notes. (d) Credit control.

Last Answer : © Issue of paper notes.

Which of the following High Courts has ruled that banks can recover bad loans from person‟s saving account if the agreement allows? A) Punjab and Haryana B) Madras C) Mumbai D) Assam E) Kerala

Description : Which of the following High Courts has ruled that banks can recover bad loans from person‟s saving account if the agreement allows? A) Punjab and Haryana B) Madras C) Mumbai D) Assam E) Kerala

Last Answer : B) Madras Explanation: If a debtor failed to settle the loan dues despite reminders from the bank, then the money could be recovered from his savings bank account, ruled the Madras High Court bench

The structure of the registry which will enable quick sharing of information about unstructured borrowers and help banks fight bad loans. The registry is called _______ A. CIBIL B. Fraudelent Borrowers List C. RBI wilful Defaulter List D. Central Fraud Registry E. None of the Above

Description : The structure of the registry which will enable quick sharing of information about unstructured borrowers and help banks fight bad loans. The registry is called _______ A. CIBIL B. Fraudelent Borrowers List C. RBI wilful Defaulter List D. Central Fraud Registry E. None of the Above

Last Answer : D. Central Fraud Registry Explanation: The Reserve Bank of India has operationalised a Central Fraud Registry (CFR). The registry will make available more information to banks at the time of starting a ... of an account. The CFR is a centralised searchable database which can be accessed by banks.

SBI has been named as domestic systemically important banks (D-SIBs) this year. What additional capital it will have to maintain as a percent of loans and investments? A) 0.2% B) 0.4% C) 0.6% D) 0.8% E) None of these

Description : SBI has been named as domestic systemically important banks (D-SIBs) this year. What additional capital it will have to maintain as a percent of loans and investments? A) 0.2% B) 0.4% C) 0.6% D) 0.8% E) None of these

Last Answer : C) 0.6% Explanation: Based on the methodology announced by the central bank, SBI will need to maintain additional capital equivalent to 0.6 per cent of its loans and investments while ICICI will need to maintain 0.2 per cent more.

The International Bank for Reconstruction and Development(IBRD) is an international financial institutions that offer loans to _____ A. Multinational Banks B. Multinational Financial Institutions C. Middle Income Developing Countries D. Non Government Organizations E. None of the Above

Description : The International Bank for Reconstruction and Development(IBRD) is an international financial institutions that offer loans to _____ A. Multinational Banks B. Multinational Financial Institutions C. Middle Income Developing Countries D. Non Government Organizations E. None of the Above

Last Answer : C. Middle Income Developing Countries Explanation: The International Bank for Reconstruction and Development (IBRD) is an international financial institution that offers loans to middle-income developing countries.

Which allows banks and other financial institution to auction residential or commercial properties to recover loans? A. Industrial Disputes Act 1947 B. Foreign Exchange Management Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Description : Which allows banks and other financial institution to auction residential or commercial properties to recover loans? A. Industrial Disputes Act 1947 B. Foreign Exchange Management Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Last Answer : D. SARFAESI Act, 2002 Explanation: The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (also known as the SARFAESI Act) is an ... allows banks and other financial institution to auction residential or commercial properties to recover loans.