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    Question

    Union government has proposed to create a Payments

    Regulatory Board by replacing the existing Board for Regulation and Supervision of Payment and Settlement Systems. Who will be the chairperson of the Board?
    A Finance Minister, GOI Correct Answer Incorrect Answer
    B Finance Secretary, GOI Correct Answer Incorrect Answer
    C Governor, RBI Correct Answer Incorrect Answer
    D CEO, NPCI Correct Answer Incorrect Answer
    E Chariman, SEBI Correct Answer Incorrect Answer

    Solution

    Finance Minister Arun Jaitley has proposed creation of a six-member Payments Regulatory Board in the RBI, headed by RBI Governor Urjit Patel as part of bringing about structural reforms in the payment ecosystem.

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