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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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