Question
What is the newly assigned penalty under the Payment and
Settlement Systems Act (PSS Act) for contraventions?Solution
The Reserve Bank of India (RBI) has revised the penalty framework under the Payment and Settlement Systems Act (PSS Act). The maximum penalty for contraventions such as unauthorized operation of payment systems, disclosure violations, or non-payment of penalties has been increased from ₹5 lakh to ₹10 lakh or twice the amount involved, whichever is higher. Additionally, an extra penalty of ₹25,000 per day may be imposed for ongoing violations.
The ratio of the times taken by Aman, Bharat, and Charan to complete a task is 3:5:7 respectively. Dev takes 4 minutes more than Aman. If the difference...
The ratio of income of A, B, C is 7:9:12 and the ratio of expenditure is 8:9:15. If A saves 1/4 of his income, then what will be the ratio of their savi...
The ratio of two numbers is 6:7. If each number is decreased by 3, the ratio becomes 9:11. Find the smaller numbers.
A sum of Rs.6600 is to be divided among 3 brothers, 2 sisters and 1 aunt. If each sister receives four times as much as each aunt and each brother recei...
What is the mean proportion between 12 and 27?
A quantity x is directly proportional to another quantity y. When x = 56, then y = 28. When y = 45, then find the value of x.
- If ‘A’, ‘B’ and ‘C’ are in proportion in the given order while ‘A’ = 16 and ‘B’ = 32, then find the value of ‘C’.
- The mean proportional of 18 and 2 is _____.
A sum of Rs.10600 is to be divided among 6 brothers, 5 sisters and 3 aunts. If each sister receives four times as much as each aunt and each brother rec...
Divide Rs. 2541 among Deepa and Deepak in the ratio (11/8) : (11/6) ?
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