Questions

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Airtel Payments Bank is the first payment bank in India. A payments bank is a new category of banks conceptualized by the Reserve Bank of India, which operates at a smaller scale than an actual bank and doesn't involve any credit risk. It can carry out most banking operations but can't advance loans or issue credit cards.

The RBI as of date has given licences to 11 payments bank of which six are currently operational. These include

1. Aditya Birla Payments Bank,
2. Airtel Payments Bank,
3. India Post Payments Bank,
4. Fino Payments Bank,
5. Jio Payments Bank (and)
6. Paytm Payments Bank.

1. A fixed budget is established for a specific level of activity whereas flexible budget is prepared for various levels of activity.

2. Fixed budget cannot be changed after the period commences, whereas a flexible budget can be changed after the period commence.

3. Fixed budget is more suitable for fixed expenses whereas flexible budget takes both fixed as well as variable expenses in account.

4. Fixed budget includes only fixed costs, whereas a flexible budget includes fixed costs, variable costs and semi variable costs.

5. Fixed budget is mainly used in planning stage whereas flexible budget is used in controlling stage.

I. Inputs

• Organizational process assets


• Procurement management plan


• Evaluation criteria


• Procurement document package


• Proposals


• Qualified sellers list


• Project management plan

                 - Risk register

                 - Risk related contractual agreements

II. Tools and Techniques

• Weighting system


• Independent estimates


• Screening system


• Contract negotiation


• Seller rating systems


• Expert judgment


• Proposal evaluation techniques

III. Outputs

• Selected sellers


• Contract


• Contract management plan


• Resource availability


• Procurement management plan (updates)


• Requested changes