Which of the following statements is/are correct regarding credit card? I. Banks in India can undertake credit card business either departmentally or through a subsidiary company set up for the purpose. II. Prior approval of the Reserve Bank is not necessary for banks desirous of undertaking credit card business.

Which of the following statements is/are correct regarding credit card

1.	Which of the following statements is/are correct regarding credit card? I. Banks in India can undertake credit card business either departmentally or through a subsidiary company set up for the purpose. II. Prior approval of the Reserve Bank is not necessary for banks desirous of undertaking credit card business.
A.	I only
B.	II only
C.	Both I and II
D.	None of these
Answer» D. None of these

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