PPI is an acronym for Prepaid Payment Instruments, regulated by the RBI.
The RBI has said that PPI users will have no liability if they report fraud within three days. Hence the term PPI stands for
Asked in westbengal/WBCS Main 2019 Paper 5 2019 · Topic: Money & Banking (Payment Systems in India: Digital Payments, UPI, and Central Bank Digital Currency (CBDC))
More Economic Development questions
- Which bank has started the facility of cardless cash-withdrawal from ATM ?
- "NEFT" is related to
- Meena Hemachandra Committee has been constituted by RBI on
- World Gold Council released the 2019 list of Gold Reserves in each country. Which of the following statements are correct? 1. USA topped the list with reserves of nearly 8133 tonnes 2. India has ranked 9th within individual country category excluding the IMF in the list 3. India has ranked 10th within overall country category including the IMF in the list 4. India is having approximately 2000 tonnes of gold reserves (With Government) according to the Report.
- Consider the following statements. 1. The Reserve Bank of India Act, 1934 gives RBI the sole right to issue banknotes in India. 2. Any change in design of a currency note has to be approved by the RBI's Central Board and the Central Government. 3. The RBI's Department of Currency Management headed by the RBI Governor has the responsibility of administering the core function of currency management. Which of the above statements is/are correct?
- Which of the following country joins EURO ZONE in 2014 ?
- Consider the following statements about the Reserve Bank of India :
- Which of the following is one of the core functions of the Reserve Bank of India ?