Home › IBPS Clerk › Banking Awareness › Payment Systems › The cooling period RBI may impose runs for:
The cooling period RBI may impose runs for:
AFive years
BSeven years
COne year
DFour years
Answer & Solution
Correct answer: C. One year
1. The period follows certain specified situations.
2. No fresh application may be filed while it runs.
3. The period is one year.
_Source: RBI Master Directions on Authorisation to operate a Payment System_
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