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  9. Q97

KPSC KAS 2017 · Question 97 of 200

With reference to the proposed Payments Regulatory Board in the Union Budget 2017 – 2018, consider the following statements : A. It will replace the Board for Regulation and Supervision of Payment Systems. B. Union Finance Minister will be the Chairman of the Board. Which of the statements given above is/are correct ? Select the code for the correct answer from the options given below :

Indian Economy

  1. AA onlyCorrect
  2. BB only
  3. CBoth A and B
  4. DNeither A nor B

Answer: A. A only

Explanation

The proposed Payments Regulatory Board (Budget 2017-18) would replace the Board for Regulation and Supervision of Payment Systems; it is chaired by the RBI Governor, not the Finance Minister — only A is correct.

Source: KPSC Gazetted Probationers Prelims 2017, Paper-I (General Studies, subject code 261), Series A

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