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PRACTICE QUESTION Q. Which of the following criteria must non-bank entities meet to become Bharat Bill Payment Operating Units (BBPOUs) under RBI guidelines? 1.Incorporation under the Companies Act, 1956/2013 2.Net worth of ₹50 crore at the time of application and maintained thereafter 3.Authorization under the Payment and Settlement Systems Act, 2007 from RBI 4.Approval for Foreign Direct Investment as per policy Select the correct answer using the codes below: A.1, 3, and 4 only B.1, 2, 3, and 4 C.1 and 4 only D.1, 2, and 4 only Answer: Option A. 1, 3, and 4 only |
SOURCE: ECONOMIC TIMES
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