Question
According to the IFSCA (Payment Services) Regulations,
2024, what is the primary duty of a Payment Service Provider in relation to client funds?Solution
A Payment Service Provider (PSP) is required to protect applicable funds  and comply with Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF),  and Know Your Customer (KYC)  guidelines as outlined by IFSCA.
Consider the following statements about the revolt of 1857:
1. For the first time in history, a pan-India participation was present against the...
Under which Article of the Indian Constitution can a Governor promulgate an ordinance?
Consider the following pairs:
Which of the above pairs...
Consider the following statements with reference to advent of European power in India:
1. Farrukhsiyar’s Farmans exempted the British East In...
‘Zimmerman Plan’ is related to which of the following?
Consider the following events with reference to the Indian history:
1. Battle of Wandiwash
2. Second Carnatic War
3. Treaty of Pari...
The Kharsawan massacre in 1948 was a protest against what?
Consider the following statements with reference to the Ghadar Party:
1. It was founded by expatriate Indians to overthrow British rule in Ind...
A great reformer of the 19th century India, he fought for the conditions of women and the lower castes and was himself subjected to child marriage. He ...
Who was the first Indian to win a Nobel Prize after independence?
