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Commerce · Q743

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 743

Q743

The Government has approved framework for "Mobile-linked No-Frills Accounts" by banks. Which of the following is/are correct regarding the Government's expectations in this regard.

A.
nearly 500 million should be able to access financial services through mobile phones
B.
each bank to start its implementation from 31st July and complete it by 31st December 2010
C.
this will be a core micro payment platform for payment transfer of benefits of Government Schemes, and financial inclusion of target groups
D.
All of the above
Answer

Answer: Option D

Solution

Answer: Option D
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