Start learning →

During a cooling period an entity may not submit an application to:

AOverhaul a system
BOutsource a system
COriginate a system
DOperate a system
Answer & Solution
Correct answer: D. Operate a system
1. The bar covers any payment system under the PSS Act. 2. It runs for the whole of the cooling period. 3. The entity may not apply to operate one. _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