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      Question

      A bank or any other person participating in a payment

      system and includes the system provider is known as
      A System participant Correct Answer Incorrect Answer
      B System provider Correct Answer Incorrect Answer
      C Trade repository Correct Answer Incorrect Answer
      D Payment system Correct Answer Incorrect Answer

      Solution

      System Participant means a bank or any other person participating in a payment system and includes the system provider (given under Payment & Settlement Systems Act 2007)

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