New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What type of report must the Board for Regulation and

    Supervision of Payment and Settlement Systems submit to the Authority, and how frequently must it be submitted?
    A Annual performance report Correct Answer Incorrect Answer
    B Monthly financial report Correct Answer Incorrect Answer
    C Quarterly report on its functioning Correct Answer Incorrect Answer
    D Bi-annual audit report Correct Answer Incorrect Answer
    E Weekly operational report Correct Answer Incorrect Answer

    Solution

    The Board must submit a quarterly report on its functioning to the Authority, as mandated by the IFSCA (Board for Regulation & Supervision of Payment and Settlement Systems) Regulations 2024.

    Practice Next