Question
Why did the Reserve Bank of India (RBI) direct Visa and
Mastercard to halt card-based commercial transactions?Solution
• The Reserve Bank has directed Visa and Mastercard, two major players in international payments, to halt card-based commercial transactions made by small and large businesses. • This action stems from concerns regarding compliance with Know Your Customer (KYC) regulations. • Visa has confirmed receipt of communication from the regulator on February 8, while awaiting a response from Mastercard. • This move follows the RBI's recent regulatory measures against Paytm Payments Bank. • Some fintechs have also received the RBI direction to pause business payments made by commercial cards until further notice. Learn Along About RBI Founded: 1 April 1935 Headquarters: Mumbai Governor: Shaktikanta Das
- A series is given with one term missing. Choose the correct alternatives from the given ones that will complete the series.
57, 59, 56, 61, 54, ___ - Which letter-cluster will replace the question mark (?) in the following series?
NPQR, OORQ, PNSP, ____, RLUN - Which letter and number cluster will replace the question mark (?) to complete the given series?
LT6, KU12, IW24, FZ48, ____ - Select the number from among the given options that can replace the question mark (?) in the following series.
17, 18, 22, 31, 47, ___ - Which letter-cluster will replace the question mark (?) in the following series?
RGV, UME, ?, AYW, DEF
