Question

Which of the following Acts are administered by Reserve Bank of India?

Payment and Settlement Systems Act, 2007

• A. Only 1 and 3
• B. Only 2 and 4
• C. Only 1, 2 and 3
• D. All of the above

Answer 1

The correct option is B Only 2 and 4

Acts administered by Reserve Bank of India
Reserve Bank of India Act, 1934
Public Debt Act, 1944/Government Securities Act, 2006
Government Securities Regulations, 2007
Banking Regulation Act, 1949
Foreign Exchange Management Act, 1999
Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
Credit Information Companies (Regulation) Act, 2005
Payment and Settlement Systems Act, 2007
Payment and Settlement Systems Regulations, 2008 and Amended up to 2011 and BPSS Regulations, 2008
The Payment and Settlement Systems (Amendment) Act, 2015 - No. 18 of 2015
Factoring Regulation Act, 2011