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Who may operate a payment system without authorisation from RBI?
AAny partner
BNo person
CAny person
DAny promoter
Answer & Solution
Correct answer: B. No person
1. The PSS Act sets a clear bar.
2. Every operator must hold a certificate.
3. No person may operate one without authorisation.
_Source: RBI Master Directions on Authorisation to operate a Payment System_
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