Question
Recently RBI lifted the ban on which of the following
cards and allowed to onboard new customers for debit, credit, or prepaid cards?Solution
The Reserve Bank of India (RBI) lifted the ban imposed on Mastercard and allowed the card network to onboard new customers for debit, credit, or prepaid cards, as it is satisfied with the company’s compliance with the storage of payment data norms. The embargo on the company is being lifted almost a year after it was imposed in July last year. The move will benefit lenders, such as YES Bank and RBL Bank, which were solely issuing Mastercard cards before the ban. Mastercard is a payment system operator, operating a card network in the country under the Payment and Settlement Systems Act. Along with Mastercard, Visa and RuPay are the three big card networks in the country. About Mastercard Headquarters: New York, United States CEO: Michael Miebach
Which of these statements about Article 73 (extent of executive power of the Union) of the Constitution and Schedule interplay is accurate?
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Section 27 provides an exception for acts done in good faith for benefit of which persons?
The Executive Committee of Codex comprises
A agrees to buy from B a certain horse, it turns out that the horse was dead at the time of bargaining though neither party was aware of the fact.
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If a board of directors originally consists of 9 members and 2 vacancies are created due to their removal, what would be the quorum required for a board...
Under which Act is the legal framework for the recovery of debts by banks and financial institutions governed?
Which of the following is a correct statement about Part XXII (short title, commencement) of the Constitution and the authoritative text in Hindi?
Delhi Special Police Establishment is constituted
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