Question
What monetary penalty did the RBI impose on PhonePe
Limited for non-compliance with PPI guidelines?Solution
The Reserve Bank of India imposed a monetary penalty of ₹21 lakh on PhonePe Limited (formerly PhonePe Pvt Ltd) due to non-compliance with directions related to Prepaid Payment Instruments (PPIs). The issue stemmed from a shortfall in the company’s escrow account which was not promptly reported to RBI. This penalty highlights RBI’s strict regulatory framework for payment systems.
I. I’m accustomed for an early start.
II. The struggle to keep the internet free get a welcome shot on Tuesday.
�...
Coconut testa oil made from reuse of virgin coconut oil are fit for consumption.
Directions: In each of the questions, a sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mark i...
The stock was (a) / divided among (b) / the two brothers. (c) / No error (d)
In each of the questions, a sentence is divided into five parts A, B, C, D and E in which two of the parts have some grammatical errors in them. You ha...
In the following question, one part of the sentence may have an error. Find out which part of the sentence has an error and select the appropriate opti...
The government has introduce (A) / a element of scrutiny (B) / in content moderating decisions of social media platforms (C) / that should act as an inc...
Directions: In each of the questions, a sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mark i...
Five grammatically correct and contextually meaningful sentences are given in this question. A paragraph can be formed by rearranging four of these sent...
Though with time, fashion style keeps changing, yet fashion maniacs are forever caught by the claws of the current trend. In the process of trying to be...
