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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

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

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