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    Question

    Who is the Chairperson of the Board for Payment and

    Settlement Systems (BPSS)? 
    A Arvind Subramanian Correct Answer Incorrect Answer
    B Urjit Patel Correct Answer Incorrect Answer
    C B. P. Kanungo Correct Answer Incorrect Answer
    D Arun Jaitely Correct Answer Incorrect Answer
    E Ashok Lavasa Correct Answer Incorrect Answer

    Solution

    In 2005, RBI constituted the Board for Payment and Settlement Systems (BPSS) as a Committee of its Central Board. The functions are to regulate and supervise the payment and settlement systems. This is also chaired by the Governor of RBI and its members are all the four Deputy Governors and two Non-Official Directors of the Central Board.

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