26. Under the Banking Payment and Settlement Systems Act, 2007, payment systems operators must maintain records for at least how many years?
a) 3 years
b) 5 years
c) 7 years
d) 10 years
27. The Banking Payment and Settlement Systems Act, 2007 enables the Reserve Bank of India to regulate the interoperability of payment systems. True or False?
28. Which section of the Banking Payment and Settlement Systems Act, 2007 deals with the power to issue directions to payment systems operators?
a) Section 6
b) Section 12
c) Section 16
d) Section 23
29. The Banking Payment and Settlement Systems Act, 2007 allows the Reserve Bank of India to impose penalties for delays in fund transfer and non-compliance with timeframes set by the Act. True or False?
30. Which section of the Banking Payment and Settlement Systems Act, 2007 deals with the power to cancel the authorization of payment systems operators in certain circumstances?
a) Section 3
b) Section 5
c) Section 10
d) Section 25
