16. The establishment of ‘Payment Banks’ is being allowed in India to promote financial inclusion. Which of the following statements is/are correct in this context? 
 

1. Mobile telephone companies and supermarket chains that are owned and controlled by residents are eligible to be promoters of Payment Banks.
2. Payment Banks can issue both credit cards and debit cards.
3. Payment Banks cannot undertake lending activities.
 

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17. The term ‘Core Banking Solutions’ is sometimes seen in the news. Which of the following statements best describes/describe this term? 
 

1. It is a networking of a bank’s branches which enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts.
2. It is an effort to increase RBI’s control over commercial banks through computerization.
3. It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank.
 

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18. With reference to ‘Bitcoins’, sometimes seen in the news, which of the following statements is/are correct? 
 

1. Bitcoins are tracked by the Central Banks of the countries.
2. Anyone with a Bitcoin address can send and receive Bitcoins from anyone else with a Bitcoin address.
3. Online payments can be sent without either side knowing the identity of the other.
 

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19. The term ‘Base Erosion and Profit Shifting’ is sometimes seen in the news in the context of

20. There has been a persistent deficit budget year after year. Which action/actions of the following can be taken by the Government to reduce the deficit? 
 

1. Reducing revenue expenditure
2. Introducing new welfare schemes
3. Rationalizing subsidies
4. Reducing import duty

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