31. Under the Banking Payment and Settlement Systems Act, 2007, payment systems operators must maintain a backup arrangement for uninterrupted operations. True or False?
32. Which section of the Banking Payment and Settlement Systems Act, 2007 deals with the power to issue regulations for the efficient functioning of payment systems?
a) Section 9
b) Section 14
c) Section 18
d) Section 24
33. The Banking Payment and Settlement Systems Act, 2007 requires payment systems operators to provide access to operational data to the Reserve Bank of India. True or False?
34. Which section of the Banking Payment and Settlement Systems Act, 2007 deals with the power to impose penalties for contravention of authorization conditions?
a) Section 11
b) Section 13
c) Section 17
d) Section 22
35. The Banking Payment and Settlement Systems Act, 2007 has provisions for the protection of customer funds and settlement accounts. True or False?
36. Under the Banking Payment and Settlement Systems Act, 2007, payment systems operators must have a disaster recovery plan in place. True or False?
