This is a very easy question if you know the concept of a PAYMENT BANK, then is it’s quite factual. If you don’t know, then we will think upon it. Why would RBI conceptualize Payment bank? Obvious answer would be to bring rural population into the banking fold (Banking Inclusion) so that people can park their excess money in the bank and get an interest. At the same time RBI cannot make it like a normal bank. So there will be limitations. If you them directly it would be “non thinker” question. For those who don’t know it, this question that you should not leave but give a calculated guess. So when I read the 2 nd and 3 rd statement I find them contradicting to each other. Look in 2 nd statement it says it can issue credit cards and in 3 rd it says in it cannot give loan. If a bank can issue a credit card it should be eligible to lend money. Either one of them is correct. 2 and 3 cannot exist together Option D out. Now statement 1 is talking about big players,...

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