2018 · Q55
Which of the following statements about the India Post Payments Bank (IPPB) is/are correct?
- 1It has been incorporated as a Public Limited Company.
- 2It started its operation by establishing two pilot branches at Hyderabad and Varanasi.
Select the correct answer using the code given below:
General KnowledgeIndian Economy
- A1 only
- B2 only
- CBoth 1 and 2
- DNeither 1 nor 2
Explanation
India Post Payments Bank was incorporated as a public limited company under the Department of Posts, so statement 1 is correct. However, its two pilot branches opened at Raipur and Ranchi, not Hyderabad and Varanasi, so statement 2 is incorrect. Hence 1 only.