Multiple choice

Which one of the following has got RBI nod to issue pre-paid cards to its clients?

  1. LIC

  2. GIC

  3. SIDBI

  4. NABARD

  5. None of these

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Life Insurance Corporation (LIC) received RBI approval to issue pre-paid cards to its clients, expanding its financial services beyond insurance. GIC, SIDBI, and NABARD are other financial institutions but were not granted this specific approval for pre-paid cards during the period referenced.