Consider the following sentences with reference to the lsquo Payments Regulatory Board rsquo 1 The B...........

Economic Affairs Digital Economy

Consider the following sentences with reference to the ‘Payments Regulatory Board’.

1.The Board Proposes to Promote digital payment ecosystem.

2.The board was up on the recommendations of Ratan Watal committee.

3.It will replace Board for Regulation and supervision of payment and settlement system.

Which of the above sentence(s) is/are correct?

1 and 2

1 and 3

2 and 3

1, 2 and 3

The correct option is 4: 1, 2, and 3.

The Payments Regulatory Board (PRB) indeed proposes to promote the digital payment ecosystem.

The PRB was recommended by the Ratan Watal committee.

The PRB is intended to replace the Board for Regulation and Supervision of Payment and Settlement Systems (BPSS).

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