allery Start learning →

An incomplete application for authorisation is:

AReissued

BReturned

CRetained

DReworked

Answer & Solution

Correct answer: B. Returned

1. The same applies if minimum capital is not met. 2. It also applies if the form is not the prescribed one. 3. Such an application will be returned. _Source: RBI Master Directions on Authorisation to operate a Payment System_

Practise this question with Quill — IBPS Clerk →

Keep practising Payment Systems

Browse all Payment Systems questions for IBPS Clerk, or explore more Banking Awareness topics.

Start a Payment Systems lesson →

Related questions

Pick the right answer, quickly Spot the one that does not fit Sort each item by what it decides Fill the gaps in the authorisation rules Order the road to an authorisation True or false about payment system rules Does it count towards net-worth?Match each term to what it covers