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Payment and Settlement System Act_ 2007

Who is included as a member of the Board for Regulation and Supervision of Payment and Settlement Systems?

Question

Who is included as a member of the Board for Regulation and Supervision of Payment and Settlement Systems?

A.

Deputy Governors of the Reserve Bank of India

B.

Chief Justice of India

C.

Secretary of the Ministry of Corporate Affairs

D.

Elected Members of Parliament

Solution

Correct option is A

The Deputy Governors of the RBI are members of the BPSS, with one Deputy Governor acting as the Vice-Chairperson.

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