Which of the following issues "Credit cards" in the country? |
Government of India Reserve Bank of India Commercial banks Both 1 and 3 |
Commercial banks |
The Correct answer is Option 3: Commercial banks A credit card is basically a financial instrument issued by banks with a pre-set credit limit, helping individuals make cashless transactions. It is issued by commercial banks of the country. Commercial banks issue credit cards in the country. The Government of India and the Reserve Bank of India do not issue credit cards; however, they regulate the banking and financial sectors. |