{"id":84789,"date":"2025-06-01T02:50:20","date_gmt":"2025-06-01T02:50:20","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=84789"},"modified":"2025-06-01T02:50:20","modified_gmt":"2025-06-01T02:50:20","slug":"which-of-the-following-statements-about-the-india-post-payments-bank","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-about-the-india-post-payments-bank\/","title":{"rendered":"Which of the following statements about the India Post Payments Bank ("},"content":{"rendered":"<p>Which of the following statements about the India Post Payments Bank (IPPB) is\/are correct?<\/p>\n<ul>\n<li>It has been incorporated as a Public Limited Company.<\/li>\n<li>It started its operation by establishing two pilot branches at Hyderabad and Varanasi.<\/li>\n<\/ul>\n<p>Select the correct answer using the code given below.<\/p>\n<p>[amp_mcq option1=&#8221;1 only&#8221; option2=&#8221;2 only&#8221; option3=&#8221;Both 1 and 2&#8243; option4=&#8221;Neither 1 nor 2&#8243; correct=&#8221;option1&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC CDS-1 &#8211; 2018<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-cds-1-2018.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-cds-1-2018\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nStatement 1 is correct: India Post Payments Bank (IPPB) is incorporated as a Public Limited Company under the Companies Act, 2013. It is wholly owned by the Department of Posts, Ministry of Communications, Government of India.<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\nStatement 2 is incorrect: IPPB started its pilot operations on January 30, 2017, with two pilot branches at Raipur (Chhattisgarh) and Ranchi (Jharkhand).<br \/>\n<\/section>\n<section id=\"pyq-additional-information\">\nIPPB was formally launched nationwide on September 1, 2018, with 650 branches and 3250 access points. It aims to provide accessible and affordable banking services to people across India, leveraging the vast network of the India Post. IPPB offers savings and current accounts, money transfers, direct benefit transfers, and bill payments, but it cannot offer loans or credit cards directly as per its license type (Payments Bank).<br \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Which of the following statements about the India Post Payments Bank (IPPB) is\/are correct? It has been incorporated as a Public Limited Company. It started its operation by establishing two pilot branches at Hyderabad and Varanasi. Select the correct answer using the code given below. [amp_mcq option1=&#8221;1 only&#8221; option2=&#8221;2 only&#8221; option3=&#8221;Both 1 and 2&#8243; option4=&#8221;Neither &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Which of the following statements about the India Post Payments Bank (\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-about-the-india-post-payments-bank\/#more-84789\">Detailed Solution<span class=\"screen-reader-text\">Which of the following statements about the India Post Payments Bank (<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1087],"tags":[1114,1120,1190],"class_list":["post-84789","post","type-post","status-publish","format-standard","hentry","category-upsc-cds-1","tag-1114","tag-economic-development","tag-money-banking","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Which of the following statements about the India Post Payments Bank (<\/title>\n<meta name=\"description\" content=\"Statement 1 is correct: India Post Payments Bank (IPPB) is incorporated as a Public Limited Company under the Companies Act, 2013. It is wholly owned by the Department of Posts, Ministry of Communications, Government of India. Statement 2 is incorrect: IPPB started its pilot operations on January 30, 2017, with two pilot branches at Raipur (Chhattisgarh) and Ranchi (Jharkhand).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-about-the-india-post-payments-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which of the following statements about the India Post Payments Bank (\" \/>\n<meta property=\"og:description\" content=\"Statement 1 is correct: India Post Payments Bank (IPPB) is incorporated as a Public Limited Company under the Companies Act, 2013. It is wholly owned by the Department of Posts, Ministry of Communications, Government of India. Statement 2 is incorrect: IPPB started its pilot operations on January 30, 2017, with two pilot branches at Raipur (Chhattisgarh) and Ranchi (Jharkhand).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-about-the-india-post-payments-bank\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T02:50:20+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Which of the following statements about the India Post Payments Bank (","description":"Statement 1 is correct: India Post Payments Bank (IPPB) is incorporated as a Public Limited Company under the Companies Act, 2013. It is wholly owned by the Department of Posts, Ministry of Communications, Government of India. Statement 2 is incorrect: IPPB started its pilot operations on January 30, 2017, with two pilot branches at Raipur (Chhattisgarh) and Ranchi (Jharkhand).","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-about-the-india-post-payments-bank\/","og_locale":"en_US","og_type":"article","og_title":"Which of the following statements about the India Post Payments Bank (","og_description":"Statement 1 is correct: India Post Payments Bank (IPPB) is incorporated as a Public Limited Company under the Companies Act, 2013. It is wholly owned by the Department of Posts, Ministry of Communications, Government of India. Statement 2 is incorrect: IPPB started its pilot operations on January 30, 2017, with two pilot branches at Raipur (Chhattisgarh) and Ranchi (Jharkhand).","og_url":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-about-the-india-post-payments-bank\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T02:50:20+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-about-the-india-post-payments-bank\/","url":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-about-the-india-post-payments-bank\/","name":"Which of the following statements about the India Post Payments Bank (","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T02:50:20+00:00","dateModified":"2025-06-01T02:50:20+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"Statement 1 is correct: India Post Payments Bank (IPPB) is incorporated as a Public Limited Company under the Companies Act, 2013. 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