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    Question

    What is the primary function of the Board for Regulation

    and Supervision of Payment and Settlement Systems under the IFSCA Regulations 2024?
    A To monitor foreign exchange reserves Correct Answer Incorrect Answer
    B To oversee banking operations in IFSC Correct Answer Incorrect Answer
    C To regulate and supervise payment and settlement systems Correct Answer Incorrect Answer
    D To govern insurance companies in IFSC Correct Answer Incorrect Answer
    E To manage cross-border trade settlements Correct Answer Incorrect Answer

    Solution

    The  Board for Regulation and Supervision of Payment and Settlement Systems  is responsible for  regulating and supervising payment and settlement systems  in the IFSC as per the IFSCA Regulations 2024.

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