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.Â
The marks scored by a boy in three subjects are in the ratio 4 : 3 : 2. Boy scored an overall aggregate of 60% in the exam. If the maximum marks in each...
- In a school election, two students contested for the position of head boy. The winner got 60% of the votes and won by 800 votes. Calculate the number of vo...
Anita has some money left after spending 20%, 10% and 30% of monthly salary on rent, electricity and shopping respectively. The remaining money with Ani...
'G', 'H', and 'I' appeared in an exam. 'G' scored 65% marks in an exam which was 60 more than passing marks. Whereas 'H' scored 45% marks in the exam wh...
- A number is first increased by 80%, then increased by 50% and then decreased by 50%. If the resultant number is 360, then find the original number.
Aryan, Bhavya, and Chetan initiated a venture with initial investments of Rs. 50,000, Rs. 60,000, and Rs. 72,000 respectively. After six months, Aryan, ...
Rahul secured 32% marks in an exam and fell short by 48 marks. Kunal secured 47% marks in the same test and scored 27 marks more than the passing marks....
If (p + 15)% of 240 is 30 more than the p% of 300, then find the value of 20% of (p + 10.5).
Monthly savings of ‘A’ is Rs. 500 more than his monthly expenditure and his total monthly income is Rs. 900. If his monthly income is increased by 4...
Two numbers are less than a third number by 20% and 24% respectively. Find the percent by which the second number is less than the first.
