2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Finance Ministry
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Reserve Bank of India
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Association of Mutual Funds
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Fund Regulatory & Development Authority
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Detailed explanation-1: -It is also in line with the RBI’s proposal to set up an Acceptance Development Fund which will be used to develop card acceptance infrastructure across small towns and cities. Besides RBI had made an initial contribution of Rs 250 crores to the PIDF and the remaining will take by the card-issuing company.
Detailed explanation-2: -The Payment Infrastructure Development Fund (PIDF) Scheme was operationalised by the central bank in January 2021 to incentivise deployment of Point-of-Sale machines (PoS), mPoS (mobile PoS), Quick Response (QR) codes in tier-3 to tier-6 centres and North Eastern States.
Detailed explanation-3: -Currently, Shri Vishwas Patel is the Chairman of the Payments Council of India. So, Shri Vishwas Patel is the head of the Payment Infrastructure Development Fund (PIDF).
Detailed explanation-4: -Payments Infrastructure Development Fund (PIDF) – Status Update.