Question
Which of the following statements accurately reflects
the recent draft circular proposed by the Reserve Bank of India (RBI) regarding digital payments?Solution
The RBI's draft circular aims to enhance digital-payment security by proposing an additional authentication factor that must be robust, dynamically created, and used only once. However, it exempts certain transactions, such as contactless card transactions below ₹5,000 and insurance premiums, from this requirement. The proposal also emphasizes the need for customer consent and outlines due diligence procedures for Aadhar-enabled Payment System (AePS) touchpoint operators, ensuring ongoing compliance with existing regulations.
Which of the following is not a part of the Forex Reserves?
What is the role of GFCs in driving economic growth?
For existing ratings on working capital facilities exceeding ₹250 crore, how long can the CRA undertake rating surveillance?
Long-term solvency is indicated by :
Shares of Vinay Ltd. And Sagar Ltd. are currently traded at Rs.100 and Rs. 20 respectively. Vinay Ltd is acquiring Sagar Ltd and the market price of bot...
Which of the following project management technique visualizes project progress by dividing tasks into three columns: To Do, Doing, and Done?
Financial product under IFSCA Act 2019 does not include
A small business owner is facing a cash flow crunch due to delayed payments from customers. The business owner has a significant amount of outstanding i...
A statement which gives organization-specific definitions of what’s expected and required with respect to the behavior and actions within the organiza...
Which of the following is not one of the four themes mentioned in the 15th Finance Commission w.r.t grant-in aid-to states?
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