MCQ
Payment regulation MCQ - Practice Questions with Answers
Solve 1 Payment regulation questions for RAS/RPSC preparation.
Practice questions
Q1Consider the following statements about the proposed UPI MDR framework: 1. The NPCI-chaired committee will decide on MDR before Parliament passes the relevant amendment bill. 2. The proposed amendment concerns Section 10A of the Payment and Settlement Systems Act, 2007. Which of the statements given above is/are correct?
Explanation
Statement 1 is incorrect: the committee's decision comes after Parliament's passage of the Taxation and Other Laws (Amendment) Bill, 2026. Statement 2 is correct: the bill proposes an amendment to Section 10A of the Payment and Settlement Systems Act, 2007.
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