2020
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
SBI
|
|
|
SEBI
|
|
|
RBI
|
|
|
SIDBI
|
Detailed explanation-1: -The Reserve Bank of India has barred Payment System Operators (PSOs) from launching any new proprietary QR code for payment transactions.
Detailed explanation-2: -A payment system operator means a legal entity responsible for operating a payment system. The PSO provides services by operating on certain models. They largely outsource their payment and settlement-related activities to various other entities. Examples of PSOs include Google Pay, Amazon Pay, NPCI, Paytm etc.
Detailed explanation-3: -The correct answer is Mastercard. The Reserve Bank of India (RBI) has imposed restrictions on Mastercard Asia/Pacific Pte. Ltd.
Detailed explanation-4: -Overview. BharatQR was launched in September 2016 as per the directions set by the Reserve Bank of India with the aim of facilitating India in transition to a less-cash society. The system helps in enabling digital payments to reduce the usage of card machines for payment.