Module: General Practice
Q2: What is the primary legal foundation for the regulation and supervision of payment and settlement systems in India?
✅ Correct Answer: C
The Payments and Settlement Systems Act, 2007 (PSS Act, 2007) is the primary legal foundation for this.
It provides the legal framework for the regulation and supervision of all payments and settlement systems in India by the RBI.
Understanding this legal basis is essential for interpreting the RBI's Payment Systems Report - June 2025.
It provides the legal framework for the regulation and supervision of all payments and settlement systems in India by the RBI.
Understanding this legal basis is essential for interpreting the RBI's Payment Systems Report - June 2025.