Economics · Economy
With reference to the Payments Regulatory Board in India, consider the following statements: I. It is constituted under the provisions of the Reserve Bank of India Act, 1934. II. The Union Finance Minister serves as the ex-officio Chairperson of the Board. III. It is entrusted with the regulation of both domestic payment systems and cross-border payment systems in India. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I and III
- 2III only✓
- 3II and III
- 4I and II
Correct answer
III only
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