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    Question

    What is the objective of Payment and Settlements Act?

    A To regulate the payment systems in India Correct Answer Incorrect Answer
    B To supervise the payment systems in India Correct Answer Incorrect Answer
    C To designate the Reserve Bank of India as the authority to regulate and supervise payment systems in India Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer
    E Both a and b Correct Answer Incorrect Answer

    Solution

    Objective - An Act to provide for the regulation and supervision of payment systems in India and to designate the Reserve Bank of India as the authority for that purpose and for matters connected therewith or incidental thereto.

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