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    Question

    When did the RBI’s new Payments Regulatory Board (PRB)

    officially come into effect?
    A April 1, 2025 Correct Answer Incorrect Answer
    B May 6, 2025 Correct Answer Incorrect Answer
    C May 9, 2025 Correct Answer Incorrect Answer
    D June 1, 2025 Correct Answer Incorrect Answer
    E October 1, 2025 Correct Answer Incorrect Answer

    Solution

    The PRB replaced the earlier BPSS following amendments to the PSS Act, 2007. These amendments were notified through the Finance Act, 2017 and officially came into force via Gazette Notification on May 6, 2025.

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