37. Which section of the Banking Payment and Settlement Systems Act, 2007 deals with the power to issue guidelines for dispute resolution mechanisms?
a) Section 7
b) Section 12
c) Section 16
d) Section 20
Answer: b) Section 12
38. The Banking Payment and Settlement Systems Act, 2007 requires payment systems operators to maintain confidentiality of customer information. True or False?
Answer: True
39. Which section of the Banking Payment and Settlement Systems Act, 2007 deals with the power to inspect and examine payment systems operators?
a) Section 5
b) Section 10
c) Section 13
d) Section 17
Answer: d) Section 17
40. The Banking Payment and Settlement Systems Act, 2007 empowers the Reserve Bank of India to regulate the issuance and operation of payment instruments. True or False?
Answer: True
