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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

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

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