Question
Under which Act is payment system regulation primarily
governed in India?Solution
Payment system regulation in India is primarily governed by the Payment and Settlement Systems Act, 2007. This Act empowers the Reserve Bank of India to oversee payment systems, ensuring their efficiency, security, and stability. It enables the RBI to issue guidelines and regulations to promote smooth payment transactions and protect user interests.
Calculate Net operating Profit Ratio:
The Reserve Bank of India removed restrictions on individuals from opening interest-earning Foreign Currency Accounts (FCA) in order to make India’s I...
In which year National Institute of Bank Management (NIBM) was established?
The contributions of additional amount of Rs.50,000 towards NPS is allowed deduction under which section of the Income Tax Act?
Which section of the BRSR reporting framework focuses on information about the listed entity, including subsidiary companies?
Which of the following is NOT a role of project sponsors in project finance?
The FSIB is responsible for r ecommending to the government the person for appointment to the Board of financial institutions . What is the full form of...
Determine the cash flow from investing activities during the year based on the following: Cash flow from operating activities: 180,000 Cash flow from fi...
With reference to the NBFCs, consider the following statements:
1. It is a company registered under the Companies Act, 1956
2. NBFC c...
Planning involves
A) Forecasting
B) Choice among alternative courses of action.
C) Wishful thinking
D) Decision only by production manager
