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The Reserve Bank of India’s recent directives relating to ‘Storage of Payment System Data’, popularly known as data diktat command the payment system providers that:
1. They shall ensure that entire data relating to payment systems operated by them are stored in a system only in India.
2. They shall ensure that the systems are owned and operated by public sector enterprises.
3. They shall submit the consolidated system audit report to the comptroller and Auditor General of India by the end of the calendar year.
1. They shall ensure that entire data relating to payment systems operated by them are stored in a system only in India.
2. They shall ensure that the systems are owned and operated by public sector enterprises.
3. They shall submit the consolidated system audit report to the comptroller and Auditor General of India by the end of the calendar year.
Which of the statements given above is/are correct
[2019]
- a)1 only
- b)1 and 2 only
- c)3 only
- d)1, 2 and 3 only
Correct answer is option 'A'. Can you explain this answer?
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The Reserve Bank of India’s recent directives relating to &lsquo...
The Reserve Bank of India (RBI) is the central banking institution of India and is responsible for regulating the monetary policy of the country. It was established on April 1, 1935, under the Reserve Bank of India Act, 1934, as a private entity with a capital of Rs. 5 crores.
The RBI is headed by a Governor who is appointed by the Government of India and is responsible for the overall functioning of the bank. It also has a Deputy Governor and four Executive Directors who assist the Governor in the day-to-day functioning of the bank.
The primary functions of the RBI include:
1. Regulating and supervising the banking system in India
2. Issuing and managing currency notes and coins
3. Formulating and implementing monetary policy
4. Managing foreign exchange reserves
5. Acting as a lender of last resort
6. Conducting research and analysis on economic and financial issues
7. Advising the Government of India on economic and financial matters
The RBI also plays an important role in promoting financial inclusion, ensuring the stability of the financial system, and regulating payment and settlement systems in the country. It is one of the most important institutions in India and its policies have a significant impact on the economy of the country.
The RBI is headed by a Governor who is appointed by the Government of India and is responsible for the overall functioning of the bank. It also has a Deputy Governor and four Executive Directors who assist the Governor in the day-to-day functioning of the bank.
The primary functions of the RBI include:
1. Regulating and supervising the banking system in India
2. Issuing and managing currency notes and coins
3. Formulating and implementing monetary policy
4. Managing foreign exchange reserves
5. Acting as a lender of last resort
6. Conducting research and analysis on economic and financial issues
7. Advising the Government of India on economic and financial matters
The RBI also plays an important role in promoting financial inclusion, ensuring the stability of the financial system, and regulating payment and settlement systems in the country. It is one of the most important institutions in India and its policies have a significant impact on the economy of the country.
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The Reserve Bank of India’s recent directives relating to ‘Storage of Payment System Data’, popularly known as data diktat command the payment system providers that:1. They shall ensure that entire data relating to payment systems operated by them are stored in a system only in India.2. They shall ensure that the systems are owned and operated by public sector enterprises.3. They shall submit the consolidated system audit report to the comptroller and Auditor General of India by the end of the calendar year.Which of the statements given above is/are correct[2019]a)1 onlyb)1 and 2 onlyc)3 onlyd)1, 2 and 3 onlyCorrect answer is option 'A'. Can you explain this answer?
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The Reserve Bank of India’s recent directives relating to ‘Storage of Payment System Data’, popularly known as data diktat command the payment system providers that:1. They shall ensure that entire data relating to payment systems operated by them are stored in a system only in India.2. They shall ensure that the systems are owned and operated by public sector enterprises.3. They shall submit the consolidated system audit report to the comptroller and Auditor General of India by the end of the calendar year.Which of the statements given above is/are correct[2019]a)1 onlyb)1 and 2 onlyc)3 onlyd)1, 2 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The Reserve Bank of India’s recent directives relating to ‘Storage of Payment System Data’, popularly known as data diktat command the payment system providers that:1. They shall ensure that entire data relating to payment systems operated by them are stored in a system only in India.2. They shall ensure that the systems are owned and operated by public sector enterprises.3. They shall submit the consolidated system audit report to the comptroller and Auditor General of India by the end of the calendar year.Which of the statements given above is/are correct[2019]a)1 onlyb)1 and 2 onlyc)3 onlyd)1, 2 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Reserve Bank of India’s recent directives relating to ‘Storage of Payment System Data’, popularly known as data diktat command the payment system providers that:1. They shall ensure that entire data relating to payment systems operated by them are stored in a system only in India.2. They shall ensure that the systems are owned and operated by public sector enterprises.3. They shall submit the consolidated system audit report to the comptroller and Auditor General of India by the end of the calendar year.Which of the statements given above is/are correct[2019]a)1 onlyb)1 and 2 onlyc)3 onlyd)1, 2 and 3 onlyCorrect answer is option 'A'. Can you explain this answer?.
The Reserve Bank of India’s recent directives relating to ‘Storage of Payment System Data’, popularly known as data diktat command the payment system providers that:1. They shall ensure that entire data relating to payment systems operated by them are stored in a system only in India.2. They shall ensure that the systems are owned and operated by public sector enterprises.3. They shall submit the consolidated system audit report to the comptroller and Auditor General of India by the end of the calendar year.Which of the statements given above is/are correct[2019]a)1 onlyb)1 and 2 onlyc)3 onlyd)1, 2 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The Reserve Bank of India’s recent directives relating to ‘Storage of Payment System Data’, popularly known as data diktat command the payment system providers that:1. They shall ensure that entire data relating to payment systems operated by them are stored in a system only in India.2. They shall ensure that the systems are owned and operated by public sector enterprises.3. They shall submit the consolidated system audit report to the comptroller and Auditor General of India by the end of the calendar year.Which of the statements given above is/are correct[2019]a)1 onlyb)1 and 2 onlyc)3 onlyd)1, 2 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Reserve Bank of India’s recent directives relating to ‘Storage of Payment System Data’, popularly known as data diktat command the payment system providers that:1. They shall ensure that entire data relating to payment systems operated by them are stored in a system only in India.2. They shall ensure that the systems are owned and operated by public sector enterprises.3. They shall submit the consolidated system audit report to the comptroller and Auditor General of India by the end of the calendar year.Which of the statements given above is/are correct[2019]a)1 onlyb)1 and 2 onlyc)3 onlyd)1, 2 and 3 onlyCorrect answer is option 'A'. Can you explain this answer?.
Solutions for The Reserve Bank of India’s recent directives relating to ‘Storage of Payment System Data’, popularly known as data diktat command the payment system providers that:1. They shall ensure that entire data relating to payment systems operated by them are stored in a system only in India.2. They shall ensure that the systems are owned and operated by public sector enterprises.3. They shall submit the consolidated system audit report to the comptroller and Auditor General of India by the end of the calendar year.Which of the statements given above is/are correct[2019]a)1 onlyb)1 and 2 onlyc)3 onlyd)1, 2 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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The Reserve Bank of India’s recent directives relating to ‘Storage of Payment System Data’, popularly known as data diktat command the payment system providers that:1. They shall ensure that entire data relating to payment systems operated by them are stored in a system only in India.2. They shall ensure that the systems are owned and operated by public sector enterprises.3. They shall submit the consolidated system audit report to the comptroller and Auditor General of India by the end of the calendar year.Which of the statements given above is/are correct[2019]a)1 onlyb)1 and 2 onlyc)3 onlyd)1, 2 and 3 onlyCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for The Reserve Bank of India’s recent directives relating to ‘Storage of Payment System Data’, popularly known as data diktat command the payment system providers that:1. They shall ensure that entire data relating to payment systems operated by them are stored in a system only in India.2. They shall ensure that the systems are owned and operated by public sector enterprises.3. They shall submit the consolidated system audit report to the comptroller and Auditor General of India by the end of the calendar year.Which of the statements given above is/are correct[2019]a)1 onlyb)1 and 2 onlyc)3 onlyd)1, 2 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of The Reserve Bank of India’s recent directives relating to ‘Storage of Payment System Data’, popularly known as data diktat command the payment system providers that:1. They shall ensure that entire data relating to payment systems operated by them are stored in a system only in India.2. They shall ensure that the systems are owned and operated by public sector enterprises.3. They shall submit the consolidated system audit report to the comptroller and Auditor General of India by the end of the calendar year.Which of the statements given above is/are correct[2019]a)1 onlyb)1 and 2 onlyc)3 onlyd)1, 2 and 3 onlyCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
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