Economics · Financial Sector and Banking
With reference to the proposed Payments Regulatory Board in India, consider the following statements: I. It was envisaged as a regulatory body to be constituted under the framework of the Reserve Bank of India Act, 1934. II. The Union Finance Minister was proposed to serve as its ex officio Chairperson. III. Its intended jurisdiction extended to the regulation of payment systems in India, including those involving cross-border transactions. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I and III only
- 2III only✓
- 3II and III only
- 4I and II only
Correct answer
III only
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