Start learning →

An operator that wants to stop operating applies for:

AVoluntary substitution
BVoluntary surrender
CVoluntary suspension
DVoluntary settlement
Answer & Solution
Correct answer: B. Voluntary surrender
1. The operator must approach the Reserve Bank. 2. The application concerns its certificate. 3. It applies for voluntary surrender of its CoA. _Source: RBI Master Directions on Authorisation to operate a Payment System_
Practise this question with Quill — IBPS Clerk →

Keep practising Payment Systems

Browse all Payment Systems questions for IBPS Clerk, or explore more Banking Awareness topics.

Start a Payment Systems lesson →
Related questions
Pick the right answer, quicklySpot the one that does not fitSort each item by what it decidesFill the gaps in the authorisation rulesOrder the road to an authorisationTrue or false about payment system rulesDoes it count towards net-worth?Match each term to what it covers