Question
Under Section 30 of the Payment and Settlement Systems
Act, 2007, the RBI is empowered to impose a penalty on a payment system provider for contravention of any provision of the Act. What is the maximum penalty?Solution
Section 30 of the Payment and Settlement Systems Act, 2007 empowers the RBI to impose a penalty of up to ₹10 lakh or twice the amount involved in the contravention, whichever is higher, on any payment system provider or system participant who contravenes any provision of the Act, rules, or regulations. This penalty is in addition to any other penalty prescribed elsewhere under the Act. Additionally, for continuing contraventions, a further penalty of up to ₹25,000 per day may be imposed for each day the contravention continues after the first.
Choose the odd one out:
What should come in place of the question mark (?) in the given series?
22, 24, 28, 30, 34, ?
Select the set in which the numbers are related in the same way as are the numbers of the following sets.
(NOTE : Operations should be performed ...
If BEAR = YVZI, then BUILDING =
Select the combination of letters that when sequentially placed in the blanks of the given series will make the series logically complete.
_HKMÂ ...
Statements:
Some movies are dramas.
Some dramas are fiction.
Conclusions:
I. Some movies are fiction.
II. All fic...
Select the option that is related to the third term on the same basis as the second term is related to the first term.
ACT:BFY ∷ BAD :?
Which two signs should be interchanged to make the below equation mathematically correct?
5 + 6 – 2 × 8 ÷ 4 = 30
Select the option in which the given figure is embedded (Rotation is not allowed).
Select the number that will replace the question mark (?) in the given number series.
146, 90, 56, 34, 22, ?
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