Discussion Forum : Nabard & Other Bank Examinations
Question -
What was the motive to bring the Payment and Settlement Systems Act, 2007 into being?
Answer: Option D
PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007 IS AN ACT TO PROVIDE FOR THE REGULATION AND SUPERVISION OF PAYMENT SYSTEMS IN INDIA AND TO DESIGNATE THE RESERVE BANK OF INDIA AS THE AUTHORITY FOR THAT PURPOSE AND FOR MATTERS CONNECTED THEREWITH OR INCIDENTAL THERETO.
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PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007 IS AN ACT TO PROVIDE FOR THE REGULATION AND SUPERVISION OF PAYMENT SYSTEMS IN INDIA AND TO DESIGNATE THE RESERVE BANK OF INDIA AS THE AUTHORITY FOR THAT PURPOSE AND FOR MATTERS CONNECTED THEREWITH OR INCIDENTAL THERETO.
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