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How payments banks are different from regular banks? Why does India need them? (150 Words, 10M)

Are you Ready for Insta 75 Days Revision Plan (UPSC Prelims - 2020)?

Following is the revision test under Insights New Secure initiative. We will be posting these questions every Sunday night around 10 pm. (if you want we will increase number of questions under this initiative).

NOTE: We are finalising the detailed timetable for New Secure with subtopics. We will post the same by Tuesday afternoon (sorry for the delay). 

 

Insights New Secure Revision Test – 1 (28 October 2018)

 

3. How payments banks are different from regular banks? Why does India need them? (150 Words, 10M)