46. Under the Banking Payment and Settlement Systems Act, 2007, non-compliance with regulations and guidelines issued by the Reserve Bank of India may result in penalties. True or False?
47. Which section of the Banking Payment and Settlement Systems Act, 2007 deals with the power to issue directions to payment systems participants to furnish information?
a) Section 6
b) Section 13
c) Section 18
d) Section 21
48. The Banking Payment and Settlement Systems Act, 2007 allows for the sharing of customer information between payment systems participants. True or False?
49. Which section of the Banking Payment and Settlement Systems Act, 2007 deals with the penalties for contravention of directions issued by the Reserve Bank of India?
a) Section 10
b) Section 15
c) Section 19
d) Section 23
50. The Banking Payment and Settlement Systems Act, 2007 provides a legal framework for the regulation and supervision of payment systems in India. True or False?
