- Proposed Payments Regulatory Board (PRB) was intended to replace the Board for Regulation and Supervision of Payment Systems (BPSS). - The PRB was envisioned as an independent body, likely within the RBI framework, but its chairmanship was not specified as the Union Finance Minister. 914. A. B. C. A. A C B. A B C. B C D. A, B C Ans: A The content of list items A, B, and C is missing, preventing evaluation.
With reference to the proposed Payments Regulatory Board in the Union Budget 2017 – 2018, consider the following statements :
Asked in KPSC KAS Prelims 2015 · Topic: The Governance System (Statutory, Regulatory, and Quasi-Judicial Bodies)
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Answer: A. It will replace the Board for Regulation and Supervision of Payment Systems.
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