With reference to the lightweight payments, consider the following statements:
1. The lightweight payments are dependent on the existing system of payments like UPI and RTGS.
2. It will facilitate the uninterrupted functioning of essential payment services.
Which of the statement(s) given above is/are correct?
— The Reserve Bank of India (RBI) has conceptualised a lightweight payment and settlements system, which it is calling a “bunker” equivalent of digital payments, which can be operated from anywhere by a bare minimum staff in exigencies such as natural calamities or war. — The infrastructure for this system will be independent of the technologies that underlie the existing systems of payments such as UPI, NEFT, and RTGS. Hence, statement 1 is not correct. — The lightweight and portable payment system could ensure near zero downtime of the payment and settlement system in the country and keep the liquidity pipeline of the economy alive and intact by facilitating uninterrupted functioning of essential payment services like bulk payments, interbank payments and provision of cash to participant institutions. Hence, statement 2 is correct. — The system is expected to process transactions that are critical to ensure the stability of the economy, including government and market related transactions.
Beneficiaries of which of the following scheme are covered under the PIDF scheme, irrespective of the region to which they belong?
Which section of the BRSR reporting framework focuses on information about the listed entity, including subsidiary companies?
An auditor cannot audit a firm if his/her relative is indebted to the company in excess of ______
Consider the following statements:
I. Emoluments of the President.
II. Salaries and allowances of the Chairman and the Deputy Chairman o...
What is the minimum net worth requirement for jewelers to participate in the India International Bullion Exchange (IIBX)?
When a manager gives specific advice, clarifies expectations, and assigns tasks, he is using which leadership style?
The risk that the bank will not receive funds from its counter-parties on the due date is called
Under the Pradhan Mantri Suraksha Bima Yojana risk coverage of ________for accidental death and complete disability and _______ for partial disability i...
As per the provisions for CSR given under Companies Act 2013, how much has to be spent on CSR by eligible entities?
__________ is a theory according to which the interest rate differential between two countries is equal to the differential between the forward exchange...
