11. Which of the following is a payment system specifically mentioned in the Banking Payment and Settlement Systems Act, 2007?
a) Mobile Wallets
b) Prepaid Payment Instruments (PPIs)
d) All of the above
12. The Banking Payment and Settlement Systems Act, 2007 covers only domestic payment systems. True or False?
13. The Banking Payment and Settlement Systems Act, 2007 aims to ensure the safety and efficiency of payment systems in India. True or False?
14. Which section of the Banking Payment and Settlement Systems Act, 2007 deals with the establishment of the Payment Systems Oversight Committee?
a) Section 6
b) Section 9
c) Section 14
d) Section 18
15. Under the Banking Payment and Settlement Systems Act, 2007, the Reserve Bank of India can issue guidelines for information security, electronic fund transfer, and data privacy. True or False?
