Question
Which entity was recently fined by the Reserve Bank of
India for violating payment and KYC regulations, as announced in July 2024? A) Manappuram Finance Limited was fined Rs 41.5 lakh for KYC non-compliance. B) Ola Financial Services was fined Rs 87.55 lakh for two different regulatory breaches. C) Visa Worldwide was fined Rs 2.4 crore for implementing a payment solution without RBI clearance.Solution
The Reserve Bank of India imposed monetary penalties on Ola Financial Services and Visa Worldwide for their respective regulatory violations, including significant fines for KYC non-compliance and unauthorized implementation of payment solutions. This action reflects the RBI's commitment to enforcing strict compliance with financial regulations to maintain system integrity. A penalty of Rs 2.4 crore has been imposed on Visa Worldwide Pte Limited and Rs 41.5 lakh on Manappuram Finance Limited. A fine of Rs 87.55 lakh has been slapped on Ola Financial Services in two cases.
Choose the option that is the active form of the sentence.
I am sometimes puzzled by her actions.
It may not contain all the information.
Select the correct Active/Passive form of the given sentence-
All of them know the results of the JHT Exam.
He can play violin.
Select the correct passive voice of the given sentence.
Do not disturb me while I am preparing my project report.
Select the option that expresses the given sentence in active voice.
The wounded man was being helped by a few men.
Select the option that is NOT expressed in active voice.
Select the correct passive form of the given sentence.
She is cooking up stories so that she can escape punishment.
Select the correct passive form of the given sentence.
A brick falling from the roof top broke the front glass of my car.
The juice was made using fresh oranges.
Relevant for Exams:
