Discussion
Payment Bank can sell financial products like mutual fund units and insurance policies.
Answer: A
Correct answer: True
A payments bank may distribute simple financial products - mutual fund units, insurance policies and pension products - as an agent, earning fee income for doing so. This is one of the few revenue lines available to it, since it cannot lend, and it fits the purpose of the licence, which is to extend simple financial services to people the branch network does not reach.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development