BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
With concerns being raised on some proposals of the draft e-commerce policy, the government has set up a group of secretaries to look into the issues. The group will be chaired by
A
Personal Secretary of Prime Minister
B
Secretary in Finance Ministry
C
Secretary in DIPP
D
Chairman of Niti Aayog
Explanation: 

Detailed explanation-1: -The Draft Policy aims to create a framework for achieving holistic growth of the e-commerce sector along with existing policies of Make in India, Startup India, Skill India and Digital India. This is in synchronization with the recently updated industrial policy which regulates the underlying brick-and-mortar economy.

Detailed explanation-2: -To allow online payments receipt and disbursements for e-commerce activities, one has to take a license from the reserve bank of India [RBI]. Payment & settlement systems are regulated by the payment & settlement systems Act, 2007 [PSS Act] and Settlement System Regulations, 2008.

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