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    Question

    What does the term "payment system operator"

    mean______________ 
    A A person who regulates financial markets Correct Answer Incorrect Answer
    B A financial institution responsible for issuing loans Correct Answer Incorrect Answer
    C A person who manages only domestic payment transactions Correct Answer Incorrect Answer
    D A company that provides accounting services for businesses Correct Answer Incorrect Answer
    E A person who operates a payment system, including their overseas principal Correct Answer Incorrect Answer

    Solution

    Section 2. Definitions: (s) "person" includes-- (i) an individual, (ii) a Hindu undivided family, (iii) a company, (iv) a firm, (v) an association of persons or a body of individuals, whether incorporated or not, (vi) every artificial juridical person not falling within any of the preceding sub-clauses, and (vii) any agency, office or branch owned or controlled by any of the above persons mentioned in the preceding sub-clauses; 

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