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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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