Question

Which organisation has the authority to whitelist the Digital Lending Apps?

A TRAI Correct Answer Incorrect Answer
B DOT Correct Answer Incorrect Answer
C RBI Correct Answer Incorrect Answer
D SEBI Correct Answer Incorrect Answer
E Ministry of Finance Correct Answer Incorrect Answer

Solution

After detailed deliberations on legal, procedural and technical aspects of the issue, Finance minister asked the Reserve Bank of India to prepare a whitelist of all the legal apps, and the ministry of electronics and information technology would ensure that only the white-listed apps are hosted on app stores.

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