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      Question

      Under which Act has PayU received its integrated

      authorisation from the Reserve Bank of India to operate as a payment aggregator?
      A Banking Regulation Act, 1949 Correct Answer Incorrect Answer
      B Digital Payments Act, 2020 Correct Answer Incorrect Answer
      C Payment and Settlement Systems Act Correct Answer Incorrect Answer
      D IT Act, 2000 Correct Answer Incorrect Answer
      E FEMA, 1999 Correct Answer Incorrect Answer

      Solution

      The information states that PayU’s authorisation is granted under the Payment and Settlement Systems Act. This Act provides the legal framework for regulating payment systems in India. None of the other Acts mentioned in the options appear in the data nor relate to this particular approval, which makes option C the only factually correct choice.

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