CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following organizations has released the ’Payment and Settlement Systems in India: Vision 2019 - 2021’?
A
NABARD
B
IRDA
C
SEBI
D
RBI
Explanation: 

Detailed explanation-1: -The Reserve Bank of India has today placed on its website the “Payment and Settlement Systems in India: Vision 2019 – 2021”.

Detailed explanation-2: -The Payments Vision 2021 had envisaged empowering every Indian with access to a bouquet of e-payment options that is safe, secure, convenient, quick and affordable, and had set four goalposts of Competition, Cost, Convenience and Confidence.

Detailed explanation-3: -The Reserve Bank of India (RBI) has today placed on its website the “Payments Vision 2025”. The Payments Vision 2025 has the core theme of ‘E-Payments for Everyone, Everywhere, Everytime’ (4Es) and aims to provide every user with safe, secure, fast, convenient, accessible and affordable e-payment options.

Detailed explanation-4: -In June 2022, the Department of Payment and Settlement Systems, the Reserve Bank of India (RBI) released the Payments Vision 2025 document.

Detailed explanation-5: -The Board for Regulation and Supervision of Payment and Settlement Systems (BPSS), a sub-committee of the Central Board of the Reserve Bank of India is the highest policy making body on payment systems in the country.

There is 1 question to complete.