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Module: General Practice

Q41: As per the March 2024 instructions, what choice must card issuers (with over 10 lakh active cards) provide to their eligible customers, at the time of issue or renewal?

A
An option to choose from multiple card networks
B
An option to link a pre-sanctioned credit line
C
An option to opt-out of card tokenisation
D
An option to choose between a physical or virtual card
✅ Correct Answer: A
In March 2024, the RBI issued instructions requiring large card issuers to provide their eligible customers with an option to choose from multiple card networks (e.g., Visa, Mastercard, RuPay). This consumer-centric policy is highlighted in the RBI's Payment Systems Report - June 2025.
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