Question
What are the conditions under which a system provider
can make changes to the structure or operation of a payment system as per the Payment and Settlement Systems Act?Solution
Section 11. Notice of change in the payment system.—(1) No system provider shall cause any change in the system which would affect the structure or the operation of the payment system without— (a) the prior approval of the Reserve Bank; and (b) giving notice of not less than thirty days to the system participants after the approval of the Reserve Bank: Provided that in the interest of monetary policy of the country or in public interest, the Reserve Bank may permit the system provider to make any changes in a payment system without giving notice to the system participants under clause (b) or requiring the system provider to give notice for a period longer than thirty days.
10 lakh candidates write the TNPSC Exam this year. If each exam centre is allotted with 1000 candidates. How many exam centres would be needed?
If a/b = 3/5, b/c = 4/7 then a:b:c is
A competitive exam paper has 100 questions for which 1 mark will be awarded for each correct answer and 1/2 mark will be deducted for every wrong answe...
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The cost of a machine is ?18,000 and it depreciates at 16(2/3)% annually. Its value after 2 years will be
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Find the missing number
2, 4, 12, 48, 240, .....
A machine bought at Rs. 50,000 falls in its value by 8% of its value every year. Find the value of the machine after 2 years.
