Challenger App

No.1 PSC Learning App

1M+ Downloads
Which of the following statements about Closed PPIs is true?

AThey allow fund transfers

BThey can be used across all merchants

CThey do not require RBI approval

DThey are issued by banks only

Answer:

C. They do not require RBI approval

Read Explanation:

.


Related Questions:

Under the Modified Interest Subvention Scheme (MISS), what is the new loan limit as of Budget 2025?
The draft can also be crossed like a ---.
Cancellation of crossing of a cheque is called ----
................... is issued by Indian public sector banks to the farmers of India.
FIU-IND primarily focuses on which function in India's financial crime ecosystem?