General Studies · Banking Regulation and Laws
Which authority regulates and designates payment systems in India under the provisions of the Payment and Settlement Systems Act, 2007?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Securities and Exchange Board of India (SEBI)
- 2Reserve Bank of India (RBI)✓
- 3Ministry of Finance, Government of India
- 4National Payments Corporation of India (NPCI)
Correct answer
Reserve Bank of India (RBI)
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